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Table of Contents

Table of Contents

Table of Contents

Table of Contents

0000950134-08-020912.txt : 20081119 0000950134-08-020912.hdr.sgml : 20081119 20081119162714 ACCESSION NUMBER: 0000950134-08-020912 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20081023 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081119 DATE AS OF CHANGE: 20081119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASHINGTON MUTUAL, INC CENTRAL INDEX KEY: 0000933136 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 911653725 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14667 FILM NUMBER: 081201304 BUSINESS ADDRESS: STREET 1: 1301 SECOND AVENUE CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 206-461-2000 MAIL ADDRESS: STREET 1: 1301 SECOND AVENUE CITY: SEATTLE STATE: WA ZIP: 98101 FORMER COMPANY: FORMER CONFORMED NAME: WASHINGTON MUTUAL INC DATE OF NAME CHANGE: 19941123 8-K 1 v50643e8vk.htm FORM 8-K e8vk

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): October 23, 2008

Washington Mutual, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Washington
(State or Other Jurisdiction of Incorporation)


1-14667 (Commission File Number)		91-1653725 (IRS Employer Identification No.)

1301 Second Avenue, Seattle, Washington (Address of Principal Executive Offices)		98101 (Zip Code)

(206) 461-2000
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

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 (see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS


Item 8.01 Other Events
Item 9.01 Financial Statements and Exhibits
SIGNATURES
EX-99.1
EX-99.2

Item 8.01 Other Events

Washington Mutual, Inc. (the “Company”) entered into an Instrument of Resignation, Appointment and Acceptance (the “Instrument of Resignation”), effective as of October 14, 2008 (the “Effective Date”), by and among the Company, Wells Fargo Bank, N.A. (the “Successor Trustee”) and The Bank of New York Mellon Trust Company, N.A. (the “Resigning Trustee”) with respect to the Indenture, dated as of April 30, 2001, by and between the Company and the Resigning Trustee (the “Indenture”). Pursuant to the Indenture, the Company issued $1,150,000,000 aggregate principal amount of its 5.375% Junior Subordinated Debt Securities (the “Notes”) Due July 1, 2041.

The Instrument of Resignation provides that, effective as of the Effective Date, (1) the Resigning Trustee confirms, assigns, transfers, delivers and conveys to the Successor Trustee all rights, powers, trusts privileges, duties and obligations that the Resigning Trustee holds under the Indenture and all property and moneys held by the Resigning Trustee under the Indenture; (2) the Company accepts the resignation of the Resigning Trustee as Trustee, Paying Agent and Security Registrar under the Indenture and appoints the Successor Trustee as Trustee, Paying Agent and Security Registrar under the Indenture; and (3) the Successor Trustee agrees to perform the rights, powers and duties of the Trustee as set forth in the Indenture. Notwithstanding the resignation of the Resigning Trustee as Trustee, Paying Agent and Security Registrar under the Indenture, the Company shall remain obligated under the Indenture to compensate, reimburse and indemnify the Resigning Trustee in connection with its capacities as Trustee, Paying Agent and Security Registrar. Under the Instrument of Resignation, the resignation of the Resigning Trustee as Paying Agent and the appointment of the Successor Trustee as Paying Agent under the Indenture will be effective 10 business days after the Effective Date.

A copy of the Instrument of Resignation is hereto attached as Exhibit 99.1 and is hereby incorporated by reference. Per the Instrument of Resignation, the Successor Trustee caused notice to be sent to the holders of the Notes.

The Company also entered into an Agreement of Resignation, Appointment and Acceptance (the “Agreement of Resignation”), effective as of October 15, 2008 (the “Effective Date”), by and among the Company, Law Debenture Trust Company of New York (“Successor Trustee LDT”) and The Bank of New York Mellon Trust Company, N.A. (the “Resigning Trustee”) with respect to the Indenture II, dated as of April 4, 2000, by and between the Company and the Resigning Trustee (the “Indenture II”). Pursuant to the Indenture II, the Company issued $500,000,000 aggregate principal amount of its 8.25% Subordinated Notes, $750,000,000 aggregate principal amount of its 4.625% Subordinated Notes and $500,000,000 aggregate principal amount of its 7.25% Subordinated Notes (the “Securities”).

The Agreement of Resignation provides that, effective as of the Effective Date, (1) the Resigning Trustee assigns, transfers, delivers and confirms to the Successor Trustee LDT all right, title and interest of Resigning Trustee in and to the trust under the Indenture II and all rights, powers and trusts of the Trustee under the Indenture II; (2) the Company accepts the resignation of the Resigning Trustee as Trustee, Security Registrar and Paying Agent under the Indenture II and appoints the Successor Trustee LDT as Trustee, Security Registrar and Paying Agent under the Indenture II to succeed to, and vests Successor Trustee LDT with, all rights, powers, duties and obligations of Resigning Trustee under the Indenture with like effect as if originally named as Trustee in the Indenture II; and (3) the Successor Trustee LDT accepts its appointment as successor Trustee, Security Registrar and Paying Agent under the Indenture II and accepts the rights, powers, duties and obligations of the Resigning Trustee as Trustee under the Indenture II, upon the terms and conditions set forth therein, with like effect as if originally named as Trustee under the Indenture II. The Company acknowledges its obligation to indemnify Resigning Trustee for, and to hold harmless against, any loss, liability and expense incurred without negligence or bad faith on the part of the Resigning Trustee and arising out of or in connection with the acceptance or administration of the trust evidenced by the Indenture II.

A copy of the Agreement of Resignation is hereto attached as Exhibit 99.2 and is hereby incorporated by reference. Pursuant to the Agreement of Resignation, the Company shall cause a notice to be sent to the holders of the Securities.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Instrument of Resignation, Appointment and Acceptance, dated as of October 14, 2008, by and among Washington Mutual, Inc., Wells Fargo Bank, N.A. and The Bank of New York Mellon Trust Company, N.A.

99.2 Agreement of Resignation, Appointment and Acceptance, dated as of October 14, 2008, by and among Washington Mutual, Inc., Law Debenture Trust Company of New York and The Bank of New York Mellon Trust Company, N.A.

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.

EX-99.1 2 v50643exv99w1.htm EX-99.1 exv99w1

Exhibit 99.1

THIS INSTRUMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE (this “Instrument”), dated as of October 14, 2008 (“Effective Date”), is by and among Washington Mutual, Inc., a Washington corporation (the “Issuer”), Wells Fargo Bank N.A., a national banking association duly organized and existing under the laws of the United States of America, (the “Successor Trustee”), and The Bank of New York Mellon Trust Company, N.A., a duly organized national bank (the “Resigning Trustee”). Capitalized terms not otherwise defined herein shall have the same meaning ascribed to such terms in the Indenture (as defined below).

RECITALS

WHEREAS, pursuant to an Indenture dated as of April 30, 2001, (the “Indenture”), entered into by the Issuer and the Resigning Trustee, the Issuer issued $1,150,000,000 aggregate principal amount of their 5.375% Junior Subordinated Debt Securities (the “Notes”) Due July 1, 2041;

WHEREAS, the Issuer appointed the Resigning Trustee as the Trustee, Paying Agent, and Security Registrar under the Indenture;

WHEREAS, there is presently issued and outstanding $1,150,000,000 in aggregate principal amount of Notes;

WHEREAS, Section 610(b) of the Indenture provides that the Trustee may at any time resign by giving written notice of such resignation to the Issuer;

WHEREAS, the Resigning Trustee desires to resign as Trustee, Paying Agent, and Security Registrar under the Indenture, and the Issuer desires to appoint the Successor Trustee as Trustee, Paying Agent, and Security Registrar under the Indenture to succeed the Resigning Trustee in each of such capacities under the Indenture; and

WHEREAS, the Successor Trustee is willing to accept the appointment as Trustee, Paying Agent, and Security Registrar under the Indenture;

NOW, THEREFORE, in consideration of the covenants herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Acceptance of Resignation of Resigning Trustee; Appointment of Successor Trustee. The Resigning Trustee hereby resigns as Trustee, Paying Agent, and Security Registrar under the Indenture. The Issuer accepts the resignation of the Resigning Trustee as Trustee, Paying Agent, and Security Registrar, and hereby appoints the Successor Trustee as Trustee, Paying Agent, and Security Registrar under the Indenture. The Issuer hereby acknowledges that, as of the Effective Date, the Successor Trustee shall be the Trustee under the Indenture and shall hold all rights, powers, trusts privileges, duties and obligations which the Resigning Trustee now holds under and by virtue of the Indenture.

2. Issuer Representations and Warranties. The Issuer represents and warrants to the Successor Trustee that:

a. It is duly organized and validly existing;

b. It has duly authorized the execution and delivery of this Instrument; and

c. Annexed hereto as Exhibit C is the form of Board Resolutions which were duly adopted by the Board of Directors of the Issuer, which are in full force and effect on the date hereof, and which authorize certain officers of the Company to (a) accept Resigning Trustee’s resignation as Trustee, Paying Agent, and Security Registrar under the Indenture; (b) appoint Successor Trustee as Trustee, Paying Agent, and Security Registrar under the Indenture; and (c) execute and deliver such agreements and other instruments as may be necessary or desirable to effectuate the succession of Successor Trustee as Trustee, Paying Agent, and Security Registrar under the Indenture.

3. Resigning Trustee Representations and Warranties. The Resigning Trustee hereby represents and warrants to the Successor Trustee that:

a. No covenant or condition contained in the Indenture has been waived by the Resigning Trustee or, to the knowledge of the Responsible Officer who is signing this document, by the holders of the percentage in aggregate principal amount of Notes required by the Indenture to effect any such waiver;

b. There is no action, suit or proceeding pending or, to the knowledge of the Responsible Officer who is signing this document, threatened against the Resigning Trustee before any court or governmental authority arising out of any action or omission by the Resigning Trustee as Trustee, Paying Agent, and Security Registrar under the Indenture;

c. Resigning Trustee shall endeavor to deliver to Successor Trustee, as of or immediately after the Effective Date hereof, to the extent available, all of the documents listed in Exhibit B hereto, including other documents relating to the Indenture, and all information in the possession of its corporate trust department relating to the administration and status of the Indenture;

d. The execution and delivery of this Instrument has been duly authorized by the Resigning Trustee, and this Instrument constitutes the Resigning Trustee’s legal, valid, binding and enforceable obligation;

e. The Resigning Trustee certifies that $1,150,000,000 in principal amount of Notes is outstanding and interest has been paid through October 1, 2008; and

g. Except as set forth on Exhibit B hereto, the Indenture has not been supplemented and remains in full force and effect.

4. Successor Trustee Representation and Warranty. The Successor Trustee represents and warrants to the Resigning Trustee and the Issuer that it is eligible to serve as Trustee under Section 611 of the Indenture.

5. Acceptance by Successor Trustee. This Instrument and the resignation, appointment and acceptance effected hereby shall be effective as of the close of business on the date first above written, upon the execution and delivery hereof by each of the parties hereto; provided, that the resignation of the Resigning Trustee as Paying Agent and the appointment of the Successor Trustee as Paying Agent under the Indenture shall be effective 10 business days after the date first above written. The Successor Trustee will perform said rights, powers and duties upon the terms and conditions set forth in the Indenture. Promptly after the execution and delivery of this Instrument, the Successor Trustee shall cause a notice, the form of which is annexed hereto as Exhibit A to be sent to each holder of the Notes.

6. Assignment etc. by Resigning Trustee. Effective on the Effective Date, the Resigning Trustee hereby confirms, assigns, transfers, delivers and conveys to the Successor Trustee, as Trustee under the Indenture, upon the trusts expressed in the Indenture, all rights, powers, trusts privileges, duties and obligations which the Resigning Trustee now holds under and by virtue of the Indenture, and effective as of such date does hereby pay over to the Successor Trustee any and all property and moneys held by the Resigning Trustee under and by virtue of the Indenture.

7. Additional Documentation. The Resigning Trustee, for the purposes of more fully and certainly vesting in and confirming to the Successor Trustee the rights, powers, trusts, privileges, duties and obligations hereby assigned, transferred, delivered and conveyed, agrees, upon reasonable request of the Successor Trustee, to execute, acknowledge and deliver such further instruments of conveyance and further assurance and to do such other things as may reasonably be required by the Successor Trustee.

8. Choice of Laws. This Instrument shall be governed by the laws of the State of New York.

9. Counterparts. This Instrument may be executed in any number of counterparts, each of which, when so executed and delivered, shall be an original, but all counterparts shall constitute but one Instrument.

10. Survival of Issuers’ Obligations to Resigning Trustee. Notwithstanding the resignation of the Resigning Trustee as Trustee, Paying Agent, and Security Registrar under the Indenture, the Issuer shall remain obligated under the Indenture to compensate, reimburse and indemnify the Resigning Trustee in connection with its capacities as Trustee, Paying Agent, and Security Registrar as provided in the Indenture, and nothing contained in this Instrument shall in any way abrogate the obligations of the Issuers to the

Resigning Trustee under the Indenture or any lien created in favor of the Resigning Trustee thereunder.

11. Notices. All notices, whether faxed or mailed, will be deemed received when sent pursuant to Section 105 of the Indenture to the following:

TO THE SUCCESSOR TRUSTEE:

Wells Fargo Bank, N.A.
625 Marquette Avenue
Minneapolis, Minnesota 55479
Attention: Thomas M. Korsman
Telecopy: (612) 667-9825

TO THE RESIGNING TRUSTEE:

The Bank of New York Mellon Trust Company, N.A.
c/o The Bank of New York
101 Barclay Street, Floor 8 West
New York, New York 10286
Attention: Gary Bush
Telecopy: (732) 667-4734

THE ISSUER

Washington Mutual, Inc.
1201 Third Avenue
Seattle, WA 98101
Attention: Fay L. Chapman
Telecopy: (206) 461-5739

12. Effectiveness. This Instrument and the resignations, appointment and acceptance effected hereby shall be effective as of the close of business on the date first set forth above, upon the execution and delivery hereof by each of the parties hereto; provided, that the resignation of the Resigning Trustee as Paying Agent and the appointment of the Successor Trustee as Paying Agent under the Indenture shall be effective 10 business days after the date first above written.

IN WITNESS WHEREOF, the parties hereto have executed this Instrument as of the date set forth above.

WASHINGTON MUTUAL, INC., as Issuer


By		/s/ Stewart M. Landefeld
Name		Stewart M. Landefeld
Its		Executive Vice President

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Resigning Trustee


By		/s/ Gary S. Bush
Name		Gary S. Bush
Its		Agent

WELLS FARGO BANK, N.A., as Successor Trustee


By		/s/ James R. Lewis
Name		James R. Lewis
Its		Vice President

EXHIBIT A

[Wells Fargo Bank, N.A. Letterhead]

Notice to Holders of Washington Mutual, Inc. (the “Issuer”) 5.375% Junior Subordinated Debt Securities (the “Notes”) Due July 1, 2041:

We hereby notify you of the resignation of The Bank of New York Mellon Trust Company, N.A., as Trustee under the Indenture, dated as of April 30, 2001, pursuant to which your Notes were issued and are outstanding.

The Issuer has appointed Wells Fargo Bank, N.A., whose Corporate Trust Office is located at 625 Marquette Avenue, Minneapolis, Minnesota 55479, as successor Trustee under the Indenture, which appointment has been accepted and become effective.

Dated: October __, 2008

			,
		Wells Fargo Bank, N.A., as Successor Trustee

EXHIBIT B

Documents to be delivered by Resigning Trustee to Successor Trustee as to the Indentures:

1. Copy of the most recent of each of the reports delivered by the Issuer pursuant to Section 703 the Indenture.

2. Copy of the Indenture.

3. File of Closing Documents.

4. Copy of the most recent Officer’s Certificate delivered pursuant to Section 1004 the Indenture.

5. Certified list of noteholders as of the Effective Date, certificate detail and all “stop transfers” and the reason for such “stop transfers” (or, alternatively, if there are a substantial number of registered noteholders, the computer tape reflecting the identity of such noteholders).

6. Copies of any official notices sent by the Trustee to all the holders of the Notes pursuant to the terms of the Indenture during the past twelve months.

7. Such other nonconfidential, unprivileged documents as the Successor Trustee may request.

EXHIBIT C
CERTIFIED COPY OF RESOLUTIONS OF THE BOARD OF DIRECTORS
OF
WASHINGTON MUTUAL INC.

The undersigned, , hereby certifies that he is the duly appointed, qualified and acting Secretary of Washington Mutual Inc., a Washington corporation (the “Corporation”), and further certifies that the following is a true and correct copy of certain resolutions duly adopted by the Board of Directors of said Corporation as of October ___, 2008 and that said resolutions have not been amended, modified or rescinded:

RESOLVED, that the Corporation appoint Wells Fargo Bank, N.A. as successor Trustee, Paying Agent, and Security Registrar (the “Successor Trustee”) under the Indenture dated as of April 30, 2001 (the “Indenture”) by and between the Corporation and The Bank of New York Mellon Trust Company, N.A.(the “Resigning Trustee”), as Trustee, Paying Agent, and Security Registrar, pursuant to which the Corporation issued $1,150,000,000 aggregate principal amount of the Corporation’s 5.375% Junior Subordinated Debt Securities; and that the Corporation accept the resignation of Resigning Trustee as Trustee, Paying Agent, and Security Registrar under the Indenture, such resignation to be effective upon the execution and delivery by Successor Trustee to the Corporation of an instrument or instruments accepting such appointment as Trustee, Paying Agent, and Security Registrar under the Indenture pursuant to the terms of such instrument; and it is further

RESOLVED, that the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Corporation be, and each of them hereby is, authorized, empowered and directed to execute and deliver in the name and on behalf of the Corporation an instrument or instruments appointing Successor Trustee as the successor Trustee, Paying Agent, and Security Registrar and accepting the resignation of Resigning Trustee; and it is further

RESOLVED, that the proper officers of the Corporation are hereby authorized, empowered and directed to do or cause to be done all such acts or things, and to execute and deliver, or cause to be executed or delivered, any and all such other agreements, amendments, instruments, certificates, documents or papers (including, without limitation, any and all notices and certificates required or permitted to be given or made on behalf of the Corporation to Successor Trustee or to Resigning Trustee), under the terms of any of the executed instruments in connection with the resignation of Resigning Trustee, and the appointment of Successor Trustee, in the name and on behalf of the Corporation as any of such officers, in his/her discretion, may deem necessary or advisable to effectuate or carry out the purposes and intent of the foregoing resolutions; and to exercise any of the Corporation’s obligations under the instruments and agreements executed on behalf of the Corporation in connection with the resignation of Resigning Trustee and the appointment of Successor Trustee.

IN WITNESS WHEREOF, I have hereunto set my hand as Secretary and have affixed the seal of the Corporation this day of October, 2008.

[SEAL]

EX-99.2 3 v50643exv99w2.htm EX-99.2 exv99w2

Exhibit 99.2

AGREEMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE, dated as of October 14, 2008 by and among Washington Mutual, Inc., a corporation duly organized and existing under the laws of the State of Washington and having its principal office at 1301 Second Avenue, Seattle, WA 98101 (the “Company”), The Bank of New York Mellon Trust Company, N.A., a duly organized national bank, having a principal corporate trust office at 700 South Flower Street, Los Angeles, CA 90017 (the “Resigning Trustee”) and Law Debenture Trust Company Of New York, a banking corporation duly organized and existing under the laws of New York and having its principal corporate trust office at 400 Madison Avenue, 4th Floor, New York, New York 10017 (the “Successor Trustee”).

RECITALS:

WHEREAS, there was originally authorized and issued $500 million aggregate principal amount of the Company’s 8.25% Subordinated Notes, $750 million aggregate principal amount of the Company’s 4.625% Subordinated Notes, and $500 million aggregate principal amount of the Company’s 7.25% Subordinated Notes, all under an Indenture dated as of April 4, 2000 by and between the Company and the Resigning Trustee (said Subordinated Notes are hereinafter referred to as “Securities” and said Indenture, as amended and supplemented from time to time, is hereinafter referred to as the “Indenture”);

WHEREAS, Section 6.10(a) and 6.10(b) of the Indenture provides that the Trustee may at any time resign by giving written notice of such resignation to the Company, effective upon the acceptance by a successor Trustee of its appointment as a successor Trustee;

WHEREAS, Section 6.10(e) of the Indenture provides that, if the Trustee shall resign, the Company, by a Board Resolution, shall promptly appoint a successor Trustee;

WHEREAS, Section 6.11 (a) of the Indenture provides that any successor Trustee appointed in accordance with the Indenture shall execute, acknowledge and deliver to the Company and to its predecessor Trustee an instrument accepting such appointment under the Indenture, and thereupon the resignation of the predecessor Trustee shall become effective and

Indenture, and thereupon the resignation of the predecessor Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all rights, powers, duties and obligations of the predecessor Trustee;

WHEREAS, the Resigning Trustee was appointed Security Registrar and Paying Agent by the Company;

WHEREAS, the Company desires to appoint Successor Trustee as Trustee, Security Registrar and Paying Agent to succeed Resigning Trustee under the Indenture; and

WHEREAS, Successor Trustee is willing to accept such appointment as successor Trustee, Security Registrar and Paying Agent under the Indenture;

NOW, THEREFORE, the Company, Resigning Trustee and Successor Trustee, for and in consideration of the premises and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby consent and agree as follows:

ARTICLE ONE

THE RESIGNING TRUSTEE

SECTION I. Pursuant to Section 6.10(b) of the Indenture, Resigning Trustee hereby notifies the Company that Resigning Trustee is hereby resigning as Trustee, Security Registrar and Paying Agent under the Indenture.

SECTION II. Resigning Trustee hereby represents and warrants to Successor Trustee that:

	(a)		No covenant or condition contained in the Indenture has been waived by Resigning Trustee or, to the best of the knowledge of the Responsible Officers of Resigning Trustee’s Corporate Trust Group, by the Holders of the percentage in aggregate principal amount of the Securities required by the Indenture to effect any such waiver.

	(b)		There is no action, suit or proceeding pending or, to the best of the knowledge of the Responsible Officers assigned to Resigning Trustee’s Corporate Trust Group,

			threatened against Resigning Trustee before any court or any governmental authority arising out of any action or omission by Resigning Trustee as Trustee under the Indenture.

	(c)		As of the effective date of this Agreement, Resigning Trustee will hold no property under the Indenture.

	(d)		Pursuant to Section 3.3 of the Indenture, Resigning Trustee duly authenticated and delivered Securities on or about the dates set forth below, in the principal amounts set forth below, as to which the amounts set forth below are still outstanding:


coupon	issue date		original principal		current outstanding
4.625%		3/16/2004	$	750,000,000	$	731,652,000
8.25%		3/30/2000	$	500,000,000	$	452,160,000
7.25%		10/25/2007	$	500,000,000	$	440,460,000

	(e)		Each person who so authenticated the Securities was duly elected, qualified and acting as an officer of Resigning Trustee and empowered to authenticate the Securities at the respective times of such authentication and the signature of such person or persons appearing on such Securities is each such person’s genuine signature.

	(f)		This Agreement has been duly authorized, executed and delivered on behalf of Resigning Trustee and constitutes its legal, valid and binding obligation.

	(g)		To the actual knowledge of the responsible Officers of the Resigning Trustee’s Corporate Trust Group, after reasonable inquiry, no event has occurred and is continuing which is, or after notice or lapse of time would become, an Event of Default under Section 5.1 of the Indenture other than the chapter 11 filing of the Company and events relating thereto (the “Chapter 11 Petition”).

SECTION III. Resigning Trustee hereby assigns, transfers, delivers and confirms to Successor Trustee all right, title and interest of Resigning Trustee in and to the trust under the Indenture and all the rights, powers and trusts of the Trustee under the Indenture. Resigning Trustee shall execute and deliver such further instruments and shall do such other things as Successor Trustee may reasonably require so as to more fully and certainly vest and confirm in Successor Trustee all the rights, trusts and powers hereby assigned, transferred, delivered and confirmed to Successor Trustee as Trustee, Security Registrar and Paying Agent.

SECTION IV. Resigning Trustee shall deliver to Successor Trustee, as of or immediately after the effective date hereof, all of the documents listed on Exhibit A hereto.

ARTICLE TWO

THE COMPANY

SECTION V. The Company hereby accepts the resignation of Resigning Trustee as Trustee, Security Registrar and Paying Agent under the Indenture.

SECTION VI. The Secretary or Assistant Secretary of the Company who is attesting to the execution of this Agreement by the Company hereby certifies that Exhibit B annexed hereto is a copy of the Board Resolution(s) which was (were) duly adopted by the Board of Directors of the Company, which is (are) in full force and effect on the date hereof, and which authorizes (authorize) certain officers of the Company to (a) accept Resigning Trustee’s resignation as Trustee under the Indenture; (b) appoint Successor Trustee as Trustee under the Indenture; and (c) execute and deliver such agreements and other instruments as may be necessary or desirable to effectuate the succession of Successor Trustee as Trustee under the Indenture.

SECTION VII. The Company hereby appoints Successor Trustee as Trustee, Security Registrar and Paying Agent under the Indenture to succeed to, and hereby vests Successor Trustee with, all the rights, powers, duties and obligations of Resigning Trustee under the Indenture with like effect as if originally named as Trustee in the Indenture.

SECTION VIII. Promptly after the effective date of this Agreement, the Company shall cause a notice, substantially in the form of Exhibit C annexed hereto, to be sent to each Holder of the Securities in accordance with the provisions of Section 6.10(f) of the Indenture.

SECTION IX. The Company hereby represents and warrants to Resigning Trustee and Successor Trustee that:

	(a)		The Company is a corporation duly and validly organized and existing pursuant to the laws of the State of Washington.

	(b)		The Indenture was validly and lawfully executed and delivered by the Company and the Securities were validly issued by the Company.

	(c)		Except as due to or as permitted by the filing of the Chapter 11 Petition, the Company has performed or fulfilled prior to the date hereof, and will continue to perform and fulfill after the date hereof, each covenant, agreement, condition, obligation and responsibility under the Indenture.

	(d)		No event has occurred and is continuing which is, or after notice or lapse of time would become, an Event of Default under Section 5.1 of the Indenture, other than the Chapter 11 Petition.

	(e)		No covenant or condition contained in the Indenture has been waived by Company or, to the best of Company’s knowledge, by Holders of the percentage in aggregate principal amount of the Securities required to effect any such waiver.

	(f)		There is no action, suit or proceeding pending or, to the best of Company’s knowledge, threatened against the Company before any court or any governmental authority arising out of any action or omission by Company under the Indenture.

	(g)		This Agreement has been duly authorized, executed and delivered on behalf of Company and constitutes its legal, valid and binding obligation.

	(h)		All conditions precedent relating to the appointment of Law Debenture Trust Company of New York as successor Trustee under the Indenture have been complied with by the Company.

ARTICLE THREE

THE SUCCESSOR TRUSTEE

SECTION X. Successor Trustee hereby represents and warrants to Resigning Trustee and to the Company that:

	(a)		Successor Trustee is not disqualified under the provisions of Section 6.8 and is eligible under the provisions of Section 6.9 of the Indenture to act as Trustee under the Indenture.

	(b)		This Agreement has been duly authorized, executed and delivered on behalf of Successor Trustee and constitutes its legal, valid and binding obligation.

SECTION XI Successor Trustee hereby accepts its appointment as successor Trustee, Security Registrar and Paying Agent under the Indenture and accepts the rights, powers, duties and obligations of Resigning Trustee as Trustee under the Indenture, upon the terms and conditions set forth therein, with like effect as if originally named as Trustee under the Indenture.

SECTION XII. References in the Indenture to “Corporate Trust Office” or other similar terms shall be deemed to refer to the Corporate Trust Office of Successor Trustee at 400 Madison Avenue, 4th Floor, New York, New York 10017, or any other office of Successor Trustee at which, at any particular time, its corporate trust business shall be administered.

ARTICLE FOUR

MISCELLANEOUS

SECTION XIII. Except as otherwise expressly provided herein or unless the context otherwise requires, all terms used herein which are defined in the Indenture shall have the meaning assigned to them in the Indenture.

SECTION XIV. This Agreement and the resignation, appointment and acceptance effected hereby shall be effective as of the opening of business on October 15, 2008.

SECTION XV. Resigning Trustee acknowledges that it relinquishes any lien it may have upon all property or funds held or collected by it to secure any amounts due it pursuant to the provisions of Section 6.7 of the Indenture. The Company acknowledges its obligation set forth in Section 6.7(c) of the Indenture to indemnify Resigning Trustee for, and to hold Resigning Trustee harmless against, any loss, liability and expense incurred without negligence or bad faith on the part of the Resigning Trustee and arising out of or in connection with the acceptance or administration of the trust evidenced by the Indenture (which obligation shall survive the execution hereof).

SECTION XVI. This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

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

SECTION XVIII. The Company, Resigning Trustee and Successor Trustee hereby acknowledge receipt of an executed and acknowledged counterpart of this Agreement and the effectiveness thereof.

SECTION XIX. The parties hereto acknowledge that the Company has filed the Chapter 11 Petition. Neither the filing of the Chapter 11 Petition, the resignation of the Resigning Trustee, nor the appointment of the Successor Trustee shall enhance or detract from or otherwise affect the rights of any party hereto with respect to any claim arising under the Indenture or the

Securities, including without limitation the claims of the Resigning Trustee and the Successor Trustee for payment of their respective fees and expenses under the Indenture, or any defense to such claim, which rights and defenses are preserved.

IN WITNESS WHEREOF, the parties hereby have caused this Agreement of Resignation, Appointment and Acceptance to be duly executed all as of the day and year first above written.


		Washington Mutual, Inc.

		Company

		By:		/s/ Stewart Landefeld

				Name: Stewart Landefeld
				Title: Executive Vice President and Secretary
				Address: 1301 Second Avenue, Seattle, WA 98101
				Telephone number: 206-461-2000

		The Bank of New York Mellon Trust Company, N.A.

		Resigning Trustee

		By:		/s/ Gary Bush

				Name: Gary Bush
				Title: Agent
				Address: 101 Barclay Street,
				New York, NY 10286
				Telephone number: 212-815-2747

		Law Debenture Trust Company of New York

		Successor Trustee

		By:		/s/ James D. Heaney

				Name: James D. Heaney
				Title: Vice President
				Address: 400 Madison Avenue, 4th Floor
				New York, New York 10017
				Telephone number: 646-747-1252

EXHIBIT A

Documents to the extent available be delivered to Successor Trustee

	1.		Executed copy of Indenture dated as of

	2.		File of Closing Documents

	3.		Copies of the most recent of each of the SEC reports delivered by the Company pursuant to Section 7.4 of the Indenture.

	4.		A copy of the most recent Compliance Certificate delivered pursuant to Section 1.2 of the Indenture.

	5.		Copies of any official notices sent by the Trustee to all the Holders of the Notes pursuant to the terms of the Indenture during the past twelve months and a copy of the most recent Trustee’s Annual Report to Holders, if any.

EXHIBIT B

CERTIFIED COPY OF RESOLUTIONS
OF
THE BOARD OF DIRECTORS
OF

The undersigned, , hereby certifies that he is the duly appointed, qualified and acting Secretary of , a corporation (the “Corporation”), and further certifies that the following is a true and correct copy of certain resolutions duly adopted by the Board of Directors of said Corporation as of and that said resolutions have not been amended, modified or rescinded:

RESOLVED, that the Corporation appoint as successor Trustee (“Successor Trustee”) under the Indenture dated as of , (the “Indenture”) by and between the Corporation and (the “Resigning Trustee”), as Trustee, pursuant to which the Corporation issued $ aggregate principal amount of the Corporation’s ; and that the Corporation accept the resignation of Resigning Trustee as Trustee under the Indenture, such resignation to be effective upon the execution and delivery by Successor Trustee to the Corporation of an instrument or instruments accepting such appointment as successor Trustee under the Indenture; and it is further

RESOLVED, that the Chairman of the Board, the President, any Vice President, the Treasurer or any Assistant Treasurer of the Corporation be, and each of them hereby is, authorized, empowered and directed to execute and deliver in the name and on behalf of the Corporation an instrument or instruments appointing Successor Trustee as the successor Trustee and accepting the resignation of Resigning Trustee; and it is further

IN WITNESS WHEREOF, I have hereunto set my hand as Secretary and have affixed the seal of the Corporation this day of , 20 .



	By:
		Name:
		Title:

[SEAL]

EXHIBIT C

[COMPANY LETTERHEAD]

NOTICE

To the Holders of

NOTICE IS HEREBY GIVEN, pursuant to Section of the Indenture dated as of by and between (the “Company”) and , as Trustee, that has resigned as Trustee under the Indenture.

Pursuant to Sections and , respectively, of the Indenture, , a corporation duly organized and existing under the laws of the State of , has accepted appointment as Trustee under the Indenture. The address of the Corporate Trust Office of is

resignation as Trustee and appointment as successor Trustee were effective as of the opening of business on ________.

Dated: New York, New York

, 20 ___


	Very truly yours,
	By:
		Name:
		Title:




	Notary Public

WASHINGTON MUTUAL, INC.

(Registrant)

Date: November 19, 2008

/s/ Robert J. Williams, Jr.

Robert J. Williams, Jr.