Document:

Exhibit 4.1

Execution Version

DEPOSIT AGREEMENT

among

FIRST HORIZON NATIONAL CORPORATION,

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Depositary

and

THE HOLDERS FROM TIME TO TIME OF

THE DEPOSITARY RECEIPTS DESCRIBED HEREIN

Dated as of January 31, 2013

TABLE OF CONTENTS

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 Page

 
	
  

 	
  

 	
  

 	
  

 	 

 
	
 ARTICLE I

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Defined Terms

 
	
  

 
	
 Section 1.1.

 	
  

 	
 Definitions

 	
  

 	
 1

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE II

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Form of Receipts,
 Deposit of Stock,

 
	
 Execution and
 Delivery, Transfer,

 
	
 Surrender and
 Redemption of Receipts

 
	
  

 
	
 Section 2.1.

 	
  

 	
 Form and Transfer of Receipts

 	
  

 	
 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 2.2.

 	
  

 	
 Deposit of Stock; Execution and Delivery of Receipts in
 Respect Thereof

 	
  

 	
 4

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 2.3.

 	
  

 	
 Registration of Transfer of Receipts

 	
  

 	
 5

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 2.4.

 	
  

 	
 Split-ups and Combinations of Receipts; Surrender of
 Receipts and Withdrawal of Stock

 	
  

 	
 5

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 2.5.

 	
  

 	
 Limitations on Execution and Delivery, Transfer, Surrender
 and Exchange of Receipts

 	
  

 	
 6

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 2.6.

 	
  

 	
 Lost Receipts, etc.

 	
  

 	
 7

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 2.7.

 	
  

 	
 Cancellation and Destruction of Surrendered Receipts

 	
  

 	
 7

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 2.8.

 	
  

 	
 Redemption of Stock

 	
  

 	
 7

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 2.9.

 	
  

 	
 Receipts Issuable in Global Registered Form

 	
  

 	
 9

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE III

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Certain Obligations
 of

 
	
 Holders of Receipts
 and the Company

 
	
  

 
	
 Section 3.1.

 	
  

 	
 Filing Proofs, Certificates and Other Information

 	
  

 	
 10

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 3.2.

 	
  

 	
 Payment of Taxes or Other Governmental Charges

 	
  

 	
 10

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 3.3.

 	
  

 	
 Warranty as to Stock

 	
  

 	
 11

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 3.4.

 	
  

 	
 Warranty as to Receipts

 	
  

 	
 11

 

-i-

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE IV

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 The Deposited
 Securities; Notices

 
	
  

 
	
 Section 4.1.

 	
  

 	
 Cash Distributions

 	
  

 	
 11

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 4.2.

 	
  

 	
 Distributions Other than Cash, Rights, Preferences or
 Privileges

 	
  

 	
 11

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 4.3.

 	
  

 	
 Subscription Rights, Preferences or Privileges

 	
  

 	
 12

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 4.4.

 	
  

 	
 Notice of Dividends, etc.; Fixing Record Date for Holders
 of Receipts

 	
  

 	
 13

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 4.5.

 	
  

 	
 Voting Rights

 	
  

 	
 13

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 4.6.

 	
  

 	
 Changes Affecting Deposited Securities and
 Reclassifications, Recapitalizations, etc.

 	
  

 	
 14

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 4.7.

 	
  

 	
 Delivery of Reports

 	
  

 	
 15

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 4.8.

 	
  

 	
 Lists of Receipt Holders

 	
  

 	
 15

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE V

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 The Depositary, the
 Depositary’s

 
	
 Agents, the
 Registrar and the Company

 
	
  

 
	
 Section 5.1.

 	
  

 	
 Maintenance of Offices, Agencies and Transfer Books by the
 Depositary; Registrar

 	
  

 	
 15

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 5.2.

 	
  

 	
 Prevention of or Delay in Performance by the Depositary,
 the Depositary’s Agents, the Registrar or the Company

 	
  

 	
 16

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 5.3.

 	
  

 	
 Obligations of the Depositary, the Depositary’s Agents,
 the Registrar and the Company

 	
  

 	
 16

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 5.4.

 	
  

 	
 Resignation and Removal of the Depositary; Appointment of
 Successor Depositary

 	
  

 	
 17

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 5.5.

 	
  

 	
 Corporate Notices and Reports

 	
  

 	
 18

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 5.6.

 	
  

 	
 Indemnification by the Company

 	
  

 	
 19

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 5.7.

 	
  

 	
 Fees, Charges and Expenses

 	
  

 	
 19

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE VI

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Amendment and
 Termination

 
	
 Section 6.1.

 	
  

 	
 Amendment

 	
  

 	
 20

 

-ii-

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 6.2.

 	
  

 	
 Termination

 	
  

 	
 20

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 ARTICLE VII

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Miscellaneous

 
	
 Section 7.1.

 	
  

 	
 Counterparts

 	
  

 	
 21

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 7.2.

 	
  

 	
 Exclusive Benefit of Parties

 	
  

 	
 21

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 7.3.

 	
  

 	
 Invalidity of Provisions

 	
  

 	
 21

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 7.4.

 	
  

 	
 Notices

 	
  

 	
 21

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 7.5.

 	
  

 	
 Depositary’s Agents

 	
  

 	
 22

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 7.6.

 	
  

 	
 Appointment of Registrar and Transfer Agent in Respect of
 the Receipts

 	
  

 	
 23

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 7.7.

 	
  

 	
 Appointment of Transfer Agent, Registrar, Dividend
 Disbursing Agent and Redemption Agent in Respect of the Stock

 	
  

 	
 23

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 7.8.

 	
  

 	
 Holders of Receipts Are Parties

 	
  

 	
 23

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 7.9.

 	
  

 	
 Governing Law

 	
  

 	
 23

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 7.10.

 	
  

 	
 Inspection of Deposit Agreement

 	
  

 	
 23

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Section 7.11.

 	
  

 	
 Headings

 	
  

 	
 23

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Exhibit A

 	
  

 	
 Form of Receipt

 	
  

 	
 A-1

 

-iii-

          DEPOSIT
AGREEMENT dated as of January 31, 2013, among (i) FIRST HORIZON NATIONAL
CORPORATION, a Tennessee corporation, (ii) WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, and (iii) the holders from time to
time of the Receipts described herein.

          WHEREAS,
it is desired to provide, as hereinafter set forth in this Deposit Agreement,
for the deposit of shares of Non-Cumulative Perpetual Preferred Stock, Series
A, of the Company with the Depositary for the purposes set forth in this
Deposit Agreement and for the issuance hereunder of Receipts evidencing
Depositary Shares in respect of the Stock so deposited; and

          WHEREAS,
the Receipts are to be substantially in the form of Exhibit A annexed
hereto, with appropriate insertions, modifications and omissions, as
hereinafter provided in this Deposit Agreement;

          NOW,
THEREFORE, in consideration of the premises, the parties hereto agree as
follows:

ARTICLE I

Defined terms

	
  

 	
  

 	
  

 
	
  

 	
 Section
1.1. 

 	
 Definitions.

 

          The
following definitions shall for all purposes, unless otherwise indicated, apply
to the respective terms used in this Deposit Agreement:

          “Articles of
Amendment” shall mean the Articles of Amendment of the Company’s
Restated Charter filed with the Secretary of State of the State of Tennessee
establishing the Stock as a series of preferred stock of the Company, as such
Articles of Amendment may be amended or supplemented from time to time.

          “Company”
shall mean First Horizon National Corporation, a Tennessee corporation, and its
successors.

          “Deposit
Agreement” shall mean this Deposit Agreement, as amended or
supplemented from time to time in accordance with the terms hereof.

          “Depositary”
shall mean Wells Fargo Bank, National Association, and any successor as
Depositary hereunder.

          “Depositary
Shares” shall mean the depositary shares, each representing one-four
thousandth (1/4,000th) of one share of Stock and evidenced by a
Receipt.

          “Depositary’s
Agent” shall mean an agent appointed by the Depositary pursuant to
Section 7.5.

1

          “Depositary’s
Office” shall mean the principal office of the Depositary, at which
at any particular time its depositary receipt business shall be administered,
which at the date of this Deposit Agreement is located at 1110 Centre Pointe
Curve, Suite 101 Mendota Heights, MN 55120.

          “DTC”
shall mean The Depository Trust Company, together with its
successors and assigns.

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

          “Exchange
Event” shall mean with respect to any Global Registered Receipt,

	
  

 	
  

 
	
  

 	
           (1)
 (A) the Global Receipt Depository which is the holder of such Global
 Registered Receipt notifies the Company that it is no longer willing or able
 to properly discharge its responsibilities under any Letter of
 Representations or that it is no longer eligible or in good standing under
 Exchange Act and (B) the Company has not appointed a qualified successor
 Global Receipt Depository within ninety (90) calendar days after the Company
 received such notice, or

 
	
  

 	
  

 
	
  

 	
           (2)
 the Company in its sole discretion notifies the Depositary in writing that
 the Receipts or portion thereof issued or issuable in the form of one or more
 Global Registered Receipts shall no longer be represented by such Global
 Registered Receipt.

 

          “Global
Receipt Depository” shall mean, with respect to any Receipt issued
hereunder, DTC or such other entity designated as Global Receipt Depository by
the Company in or pursuant to this Deposit Agreement, which entity must be, to
the extent required by any applicable law or regulation, a clearing agency
registered under the Exchange Act.

          “Global
Registered Receipt” shall mean a global registered Receipt
registered in the name of a nominee of DTC.

          “Letter of
Representations” shall mean any applicable agreement among the
Company, the Depositary and a Global Receipt Depository with respect to such
Global Receipt Depository’s rights and obligations with respect to any Global
Registered Receipts, as the same may be amended, supplemented, restated or
otherwise modified from time to time and any successor agreement thereto.

          “Receipt”
shall mean one of the depositary receipts, substantially in the form set forth
as Exhibit A hereto, issued hereunder, whether in definitive or temporary
form and evidencing the number of Depositary Shares held of record by the
record holder of such Depositary Shares.

2

          “record
holder” or “holder” as applied to a Receipt shall mean
the person in whose name such Receipt is registered on the books of the
Depositary maintained for such purpose.

          “Redemption
Date” shall have the meaning set forth in Section 2.8.

          “Redemption
Price” shall have the meaning set forth in the Articles of
Amendment.

          “Registrar”
shall mean the Depositary or such other bank or trust company which shall be
appointed by the Company to register ownership and transfers of Receipts as
herein provided and if a Registrar shall be so appointed, references herein to
“the books” of or maintained by the Depositary shall be deemed, as applicable,
to refer as well to the register maintained by such Registrar for such purpose.

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

          “Stock”
shall mean shares of the Company’s Non-Cumulative Perpetual Preferred Stock,
Series A, no par value, $100,000 liquidation preference per share.

ARTICLE II

Form of Receipts,
Deposit of Stock,

Execution and Delivery, Transfer,

Surrender and Redemption of Receipts

	
  

 	
  

 	
  

 
	
  

 	
 Section
2.1. 

 	
 Form and Transfer of Receipts.

 

          Definitive
Receipts shall be substantially in the form set forth in Exhibit A attached
hereto, with appropriate insertions, modifications and omissions, as
hereinafter provided. Pending the preparation of definitive Receipts, the
Depositary, upon the written order of the Company, delivered in compliance with
Section 2.2, shall execute and deliver temporary Receipts which are
printed, lithographed, typewritten, mimeographed or otherwise substantially of
the tenor of the definitive Receipts in lieu of which they are issued and with
such appropriate insertions, omissions, substitutions and other variations as
the persons executing such Receipts may determine, as evidenced by their
execution of such Receipts. If temporary Receipts are issued, the Company and
the Depositary will cause definitive Receipts to be prepared without
unreasonable delay. After the preparation of definitive Receipts, the temporary
Receipts shall be exchangeable for definitive Receipts upon surrender of the
temporary Receipts at an office described in the second paragraph of
Section 2.2, without charge to the holder. Upon surrender for cancellation
of any one or more temporary Receipts, the Depositary shall execute and deliver
in exchange therefor definitive Receipts representing the same number of
Depositary Shares as represented by the surrendered temporary Receipt or
Receipts. Such exchange shall be made at the Company’s expense and without any
charge therefor. Until

3

so exchanged, the
temporary Receipts shall in all respects be entitled to the same benefits under
this Deposit Agreement, and with respect to the Stock, as definitive Receipts.

          Receipts
shall be executed by the Depositary by the manual signature of a duly
authorized officer of the Depositary; provided, that such signature may be a
facsimile if a Registrar for the Receipts (other than the Depositary) shall
have been appointed and such Receipts are countersigned by a duly authorized
officer of the Registrar. No Receipt shall be entitled to any benefits under
this Deposit Agreement or be valid or obligatory for any purpose unless it
shall have been executed manually by a duly authorized officer of the
Depositary or, if a Registrar for the Receipts (other than the Depositary)
shall have been appointed, by manual or facsimile signature of a duly
authorized officer of the Depositary and countersigned by a duly authorized
officer of such Registrar. The Depositary shall record on its books each
Receipt so signed and delivered as hereinafter provided.

          Receipts
shall be in denominations of any number of whole Depositary Shares.

          Receipts
may be endorsed with or have incorporated in the text thereof such legends or
recitals or changes not inconsistent with the provisions of this Deposit
Agreement, all as may be required by the Depositary and approved by the Company
or required to comply with any applicable law or any regulation thereunder or
with the rules and regulations of any securities exchange upon which the Stock,
the Depositary Shares or the Receipts may be listed or to conform with any
usage with respect thereto, or to indicate any special limitations or
restrictions to which any particular Receipt is subject.

          Title
to Depositary Shares evidenced by a Receipt which is properly endorsed or
accompanied by a properly executed instrument of transfer, shall be
transferable by delivery with the same effect as in the case of a negotiable
instrument; provided, however, that until transfer of a Receipt shall be
registered on the books of the Depositary as provided in Section 2.3, the
Depositary may, notwithstanding any notice to the contrary, treat the record
holder thereof at such time as the absolute owner thereof for the purpose of
determining the person entitled to distributions of dividends or other
distributions or to any notice provided for in this Deposit Agreement and for all
other purposes.

	
  

 	
  

 	
  

 
	
  

 	
 Section
2.2. 

 	
 Deposit
 of Stock; Execution and Delivery of Receipts in Respect Thereof.

 

          Subject
to the terms and conditions of this Deposit Agreement, the Company may from
time to time deposit shares of the Stock under this Deposit Agreement by
delivery to the Depositary of a certificate or certificates for the Stock to be
deposited, properly endorsed or accompanied, if required by the Depositary, by
a duly executed instrument of transfer or endorsement, in form satisfactory to
the Depositary, together with a written order of the Company directing the
Depositary to execute and deliver to, or upon the written order of, the person
or persons stated in such order a Receipt or Receipts evidencing in the
aggregate the number of Depositary Shares representing such deposited Stock.

4

          Deposited
Stock shall be held by the Depositary at the Depositary’s Office or at such
other place or places as the Depositary shall determine. The Depositary shall
not lend, transfer or otherwise hypothecate any Stock deposited hereunder.

          Upon
receipt by the Depositary of a certificate or certificates for Stock deposited
in accordance with the provisions of this Section, together with the other
documents required as above specified, and upon recordation of the Stock on the
books of the Company (or its duly appointed transfer agent) in the name of the
Depositary or its nominee, the Depositary, subject to the terms and conditions
of this Deposit Agreement, shall execute and deliver to or upon the order of
the person or persons named in the written order delivered to the Depositary
referred to in the first paragraph of this Section, a Receipt or Receipts
evidencing in the aggregate the number of Depositary Shares representing the
Stock so deposited and registered in such name or names as may be requested by
such person or persons. The Depositary shall execute and deliver such Receipt
or Receipts at the Depositary’s Office or such other offices, if any, as the
Depositary may designate. Delivery at other offices shall be at the risk and
expense of the person requesting such delivery.

	
  

 	
  

 	
  

 
	
  

 	
 Section
2.3. 

 	
 Registration of Transfer of
 Receipts.

 

          Subject
to the terms and conditions of this Deposit Agreement, the Depositary shall
register on its books from time to time transfers of Receipts upon any
surrender thereof by the holder in person or by duly authorized attorney,
properly endorsed or accompanied by a properly executed instrument of transfer.
Thereupon, the Depositary shall execute a new Receipt or Receipts evidencing
the same aggregate number of Depositary Shares as those evidenced by the
Receipt or Receipts surrendered and deliver such new Receipt or Receipts to or
upon the order of the person entitled thereto.

          The
Depositary shall not be required (a) to issue, transfer or exchange any
Receipts for a period beginning at the opening of business fifteen days next
preceding any selection of Depositary Shares and Stock to be redeemed and
ending at the close of business on the day of the mailing of notice of
redemption, or (b) to transfer or exchange for another Receipt any Receipt
called or being called for redemption in whole or in part except as provided in
Section 2.8.

	
  

 	
  

 	
  

 
	
  

 	
 Section
2.4. 

 	
 Split-ups and Combinations of
 Receipts; Surrender of Receipts and Withdrawal of Stock.

 

          Upon
surrender of a Receipt or Receipts at the Depositary’s Office or at such other
offices as it may designate for the purpose of effecting a split-up or
combination of such Receipt or Receipts, and subject to the terms and
conditions of this Deposit Agreement, the Depositary shall execute a new
Receipt or Receipts in the authorized denomination or denominations requested,
evidencing the aggregate number of Depositary Shares evidenced by the Receipt
or Receipts surrendered, and shall deliver such new Receipt or Receipts to or
upon the order of the holder of the Receipt or Receipts so surrendered.

5

          Any
holder of a Receipt or Receipts may withdraw the number of whole shares of
Stock and all money and other property, if any, represented thereby by
surrendering such Receipt or Receipts, at the Depositary’s Office or at such
other offices as the Depositary may designate for such withdrawals. Thereafter,
without unreasonable delay, the Depositary shall deliver to such holder, or to
the person or persons designated by such holder as hereinafter provided, the
number of whole shares of Stock and all money and other property, if any,
represented by the Receipt or Receipts so surrendered for withdrawal, but
holders of such whole shares of Stock will not thereafter be entitled to
deposit such Stock hereunder or to receive a Receipt evidencing Depositary
Shares therefor. If a Receipt delivered by the holder to the Depositary in
connection with such withdrawal shall evidence a number of Depositary Shares in
excess of the number of Depositary Shares representing the number of whole
shares of Stock to be so withdrawn, the Depositary shall at the same time, in
addition to such number of whole shares of Stock and such money and other
property, if any, to be so withdrawn, deliver to such holder, or subject to
Section 2.3 upon his order, a new Receipt evidencing such excess number of
Depositary Shares.

          In
no event will fractional shares of Stock (or any cash payment in lieu thereof)
be delivered by the Depositary; provided, that, in the event this Deposit
Agreement is terminated by the Company in accordance with Section 6.2, the
Depositary shall deliver, upon surrender of the Receipts representing the Depositary
Shares, the number of whole or fractional shares of Stock as are represented by
such Depositary Shares. Delivery of the Stock and money and other property, if
any, being withdrawn may be made by the delivery of such certificates,
documents of title and other instruments as the Depositary may deem
appropriate.

          If
the Stock and the money and other property, if any, being withdrawn are to be
delivered to a person or persons other than the record holder of the Receipt or
Receipts being surrendered for withdrawal of Stock, such holder shall execute
and deliver to the Depositary a written order so directing the Depositary and
the Depositary may require that the Receipt or Receipts surrendered by such
holder for withdrawal of such shares of Stock be properly endorsed in blank or
accompanied by a properly executed instrument of transfer in blank.

          Delivery
of the Stock and the money and other property, if any, represented by Receipts
surrendered for withdrawal shall be made by the Depositary at the Depositary’s
Office.

	
  

 	
  

 	
  

 
	
  

 	
 Section
2.5. 

 	
 Limitations
 on Execution and Delivery, Transfer, Surrender and Exchange of Receipts.

 

          As
a condition precedent to the execution and delivery, registration of transfer,
split-up, combination, surrender or exchange of any Receipt, the Depositary,
any of the Depositary’s Agents or the Company may require payment to it of a
sum sufficient for the payment (or, in the event that the Depositary or the
Company shall have made such

6

payment, the reimbursement
to it) of any charges or expenses payable by the holder of a Receipt pursuant
to Section 5.7, may require the production of evidence satisfactory to it
as to the identity and genuineness of any signature and may also require
compliance with such regulations, if any, as the Depositary or the Company may
establish consistent with the provisions of this Deposit Agreement and/or
applicable law.

          The
deposit of Stock may be refused, the delivery of Receipts against Stock may be
suspended, the registration of transfer of Receipts may be refused and the
registration of transfer, surrender or exchange of outstanding Receipts may be
suspended (i) during any period when the register of stockholders of the
Company is closed or (ii) if any such action is deemed necessary or
advisable by the Depositary, any of the Depositary’s Agents or the Company at
any time or from time to time because of any requirement of law or of any
government or governmental body or commission or under any provision of this
Deposit Agreement.

	
  

 	
  

 	
  

 
	
  

 	
 Section
2.6. 

 	
 Lost
 Receipts, etc.

 

          In
case any Receipt shall be mutilated, destroyed, lost or stolen, the Depositary
in its discretion may execute and deliver a Receipt of like form and tenor in
exchange and substitution for such mutilated Receipt, or in lieu of and in
substitution for such destroyed, lost or stolen Receipt, upon (i) the
filing by the holder thereof with the Depositary of evidence satisfactory to
the Depositary of such mutilation, destruction, loss or theft of such Receipt,
of the authenticity thereof and of his or her ownership thereof and
(ii) the holder thereof furnishing of the Depositary with reasonable
indemnification satisfactory to the Depositary.

	
  

 	
  

 	
  

 
	
  

 	
 Section
2.7. 

 	
 Cancellation and Destruction of
 Surrendered Receipts.

 

          All
Receipts surrendered to the Depositary or any Depositary’s Agent shall be
cancelled by the Depositary. Except as prohibited by applicable law or
regulation, the Depositary is authorized and directed to destroy all Receipts
so cancelled.

	
  

 	
  

 	
  

 
	
  

 	
 Section
2.8. 

 	
 Redemption of Stock.

 

          Whenever
the Company shall be permitted and shall elect to redeem shares of Stock in
accordance with the provisions of the Articles of Amendment, it shall (unless
otherwise agreed to in writing with the Depositary) give or cause to be given
to the Depositary, not less than 35 days and not more than 75 days
prior to the Redemption Date (as defined below), notice of the date of such
proposed redemption of Stock and of the number of such shares held by the
Depositary to be so redeemed and the applicable Redemption Price, which notice
shall be accompanied by a certificate from the Company stating that such
redemption of Stock is in accordance with the provisions of the Articles of
Amendment. On the date of such redemption, provided that the Company shall then
have paid or caused to be paid in full to the Depositary the Redemption Price
of the Stock to be redeemed in accordance with the provisions of the Articles
of Amendment, the Depositary shall redeem the number of Depositary Shares
representing such Stock. The 

7

Depositary shall mail
notice of the Company’s redemption of Stock and the proposed simultaneous
redemption of the number of Depositary Shares representing the Stock to be
redeemed by first-class mail, postage prepaid (or another transmission method
reasonably acceptable to the Company), not less than 30 and not more than
60 days prior to the date fixed for redemption of such Stock and
Depositary Shares (the “Redemption Date”), to the record holders
of the Receipts evidencing the Depositary Shares to be so redeemed at the
addresses of such holders as they appear on the records of the Depositary; but
neither failure to mail or transmit any such notice of redemption of Depositary
Shares to one or more such holders nor any defect in any notice of redemption
of Depositary Shares to one or more such holders shall affect the validity of
the proceedings for redemption as to the other holders. Each such notice shall
be prepared by the Company and shall state: (i) the Redemption Date;
(ii) the number of Depositary Shares to be redeemed and, if less than all
the Depositary Shares held by any such holder are to be redeemed, the number of
such Depositary Shares held by such holder to be so redeemed; (iii) the Redemption
Price; and (iv) the place or places where Receipts evidencing Depositary
Shares are to be surrendered for payment of the Redemption Price; and
(v) that dividends in respect of the Stock represented by the Depositary
Shares to be redeemed will cease to accrue on such Redemption Date. In case
less than all the outstanding Depositary Shares are to be redeemed, the
Depositary Shares to be so redeemed shall be selected by the Depositary by lot
or pro rata or in any other manner that the Depositary may deem equitable.

          Notice
having been mailed or transmitted by the Depositary as aforesaid, from and
after the Redemption Date (unless the Company shall have failed to provide the
funds necessary to redeem the Stock evidenced by the Depositary Shares called
for redemption) (i) dividends on the shares of Stock so called for
Redemption shall cease to accrue from and after such date, (ii) the
Depositary Shares being redeemed from such proceeds shall be deemed no longer
to be outstanding, (iii) all rights of the holders of Receipts evidencing
such Depositary Shares (except the right to receive the Redemption Price)
shall, to the extent of such Depositary Shares, cease and terminate, and
(iv) upon surrender in accordance with such redemption notice of the Receipts
evidencing any such Depositary Shares called for redemption (properly endorsed
or assigned for transfer, if the Depositary or applicable law shall so
require), such Depositary Shares shall be redeemed by the Depositary at a
redemption price per Depositary Share equal to one-four thousandth (1/4,000th)
of the Redemption Price per share of Stock so redeemed plus all money and other
property, if any, represented by such Depositary Shares.

          If
fewer than all of the Depositary Shares evidenced by a Receipt are called for
redemption, the Depositary will deliver to the holder of such Receipt upon its
surrender to the Depositary, together with the redemption payment, a new
Receipt evidencing the Depositary Shares evidenced by such prior Receipt and
not called for redemption.

          The
Company shall be entitled to receive, from time to time, from the Depositary
any interest accrued on such funds deposited with the Depositary, and the
holders of any Receipts called for redemption shall have no claim to any such
interest. Any funds so 

8

deposited and unclaimed
at the end of two years from the applicable Redemption Date shall, to the
extent permitted by law, be repaid by the Depositary to the Company.

	
  

 	
  

 	
  

 
	
  

 	
 Section
2.9. 

 	
 Receipts
 Issuable in Global Registered Form.

 

          If
the Company shall determine in a writing delivered to the Depositary that the
Receipts are to be issued in whole or in part in the form of one or more Global
Registered Receipts, then the Depositary shall, in accordance with the other
provisions of this Deposit Agreement, execute and deliver one or more Global
Registered Receipts evidencing such Receipts, which (i) shall represent, and
shall be denominated in an amount equal to the aggregate liquidation preference
of the Receipts to be represented by such Global Registered Receipt or Receipts
and (ii) shall be registered in the name of the Global Receipt Depository
therefor or its nominee.

          Notwithstanding
any other provision of this Deposit Agreement to the contrary, unless otherwise
provided in the Global Registered Receipt, a Global Registered Receipt may only
be transferred in whole and only by the applicable Global Receipt Depository
for such Global Registered Receipt to a nominee of such Global Receipt
Depository, or by a nominee of such Global Receipt Depository to such Global
Receipt Depository or another nominee of such Global Receipt Depository, or by
such Global Receipt Depository or any such nominee to a successor Global
Receipt Depository for such Global Registered Receipt selected or approved by
the Company or to a nominee of such successor Global Receipt Depository. Except
as provided below, owners solely of beneficial interests in a Global Registered
Receipt shall not be entitled to receive physical delivery of the Receipts
represented by such Global Registered Receipt. Neither any such beneficial
owner nor any direct or indirect participant of a Global Receipt Depository
shall have any rights under this Deposit Agreement with respect to any Global
Registered Receipt held on their behalf by a Global Receipt Depository and such
Global Receipt Depository may be treated by the Company, the Depositary, any
Depositary’s Agent and any director, officer, employee or agent of the Company,
the Depositary or any Depositary’s Agent as the holder of such Global
Registered Receipt for all purposes whatsoever. Unless and until definitive
Receipts are delivered to the owners of the beneficial interests in a Global
Registered Receipt, (1) the applicable Global Receipt Depository will make
book-entry transfers among its participants and receive and transmit all
payments and distributions in respect of the Global Registered Receipts to such
participants, in each case, in accordance with the Letter of Representations,
and (2) whenever any notice, payment or other communication to the holders of
Global Registered Receipts is required under this Deposit Agreement, the
Company, the Depositary or any Depositary’s Agent shall give all such notices,
payments and communications specified herein to be given to such holders to the
applicable Global Receipt Depository.

          If
an Exchange Event has occurred with respect to any Global Registered Receipt,
then, in any such event, the Depositary shall, upon receipt of a written order
from the Company for the execution and delivery of individual definitive
registered Receipts in 

9

exchange for such Global
Registered Receipt, execute and deliver, individual definitive registered
Receipts, in authorized denominations and of like tenor and terms in an
aggregate principal amount equal to the liquidation preference of the Global
Registered Receipt in exchange for such Global Registered Receipt.

          Definitive
registered Receipts issued in exchange for a Global Registered Receipt pursuant
to this Section shall be registered in such names and in such authorized
denominations as the Global Receipt Depository for such Global Registered
Receipt, pursuant to instructions from its participants, shall instruct the
Depositary in writing. The Depositary shall deliver such Receipts to the
persons in whose names such Receipts are so registered.

          Notwithstanding
anything to the contrary in this Deposit Agreement, should the Company
determine that the Receipts should be issued as a Global Registered Receipt,
the parties hereto shall comply with the terms of the Letter of
Representations.

ARTICLE III

Certain
Obligations of

Holders of Receipts and the Company

	
  

 	
  

 	
  

 
	
  

 	
 Section
3.1. 

 	
 Filing
 Proofs, Certificates and Other Information.

 

          Any
holder of a Receipt may be required from time to time to file such proof of
residence, or other matters or other information, to execute such certificates
and to make such representations and warranties as the Depositary or the
Company may reasonably deem necessary or proper. The Depositary or the Company
may withhold the delivery, or delay the registration of transfer or redemption,
of any Receipt or the withdrawal of the Stock represented by the Depositary
Shares evidenced by any Receipt or the distribution of any dividend or other
distribution or the sale of any rights or of the proceeds thereof until such
proof or other information is filed or such certificates are executed or such
representations and warranties are made.

	
  

 	
  

 	
  

 
	
  

 	
 Section
3.2. 

 	
 Payment
 of Taxes or Other Governmental Charges.

 

          Holders
of Receipts shall be obligated to make payments to the Depositary of certain
charges and expenses, as provided in Section 5.7. Registration of transfer
of any Receipt or any withdrawal of Stock and all money or other property, if
any, represented by the Depositary Shares evidenced by such Receipt may be
refused until any such payment due is made, and any dividends or other
distributions or payments may be withheld or any part of or all the Stock or
other property represented by the Depositary Shares evidenced by such Receipt
and not theretofore sold may be sold for the account of the holder thereof
(after attempting by reasonable means to notify such holder prior to such
sale), and such dividends or other distributions or payments or the proceeds of
any such sale may be applied to any payment of such charges or expenses, the
holder of such Receipt remaining liable for any deficiency.

10

	
  

 	
  

 	
  

 
	
  

 	
 Section
3.3. 

 	
 Warranty as to Stock.

 

          The
Company hereby represents and warrants that the Stock, when issued, will be
duly authorized, validly issued, fully paid and nonassessable. Such
representation and warranty shall survive the deposit of the Stock and the
issuance of Receipts.

	
  

 	
  

 	
  

 
	
  

 	
 Section
3.4. 

 	
 Warranty
 as to Receipts.

 

          The
Company hereby represents and warrants that the Receipts, when issued, will be
entitled to the benefits of this Deposit Agreement. Such representation and
warranty shall survive the deposit of the Stock and the issuance of Receipts.

ARTICLE IV

The Deposited
Securities; Notices

	
  

 	
  

 	
  

 
	
  

 	
 Section
4.1. 

 	
 Cash Distributions.

 

          Whenever
the Depositary shall receive any cash dividend or other cash distribution on
Stock, the Depositary shall, subject to Sections 3.1, 3.2 and 5.7, distribute
to record holders of Receipts on the record date fixed pursuant to
Section 4.4 such amounts of such dividend or distribution as are, as
nearly as practicable, in proportion to the respective numbers of Depositary
Shares evidenced by the Receipts held by such holders; provided, however, that
in case the Company or the Depositary shall be required to withhold and shall
withhold from any cash dividend or other cash distribution in respect of the
Stock an amount on account of taxes, the amount made available for distribution
or distributed in respect of Depositary Shares shall be reduced accordingly.
The Depositary shall distribute or make available for distribution, as the case
may be, only such amount, however, as can be distributed without attributing to
any holder of Receipts a fraction of one cent, and any balance not so
distributable shall be held by the Depositary (without liability for interest
thereon) and shall be added to and be treated as part of the next sum received
by the Depositary for distribution to record holders of Receipts then
outstanding. Each holder of a Receipt shall provide the Depositary with its
certified tax identification number on a properly completed Form W-8 or W-9, as
may be applicable. Each holder of a Receipt acknowledges that, in the event of
non-compliance with the preceding sentence, the Internal Revenue Code of 1986,
as amended, may require withholding by the Depositary of a portion of any of
the distributions to be made hereunder.

	
  

 	
  

 	
  

 
	
  

 	
 Section
4.2. 

 	
 Distributions Other than Cash,
 Rights, Preferences or Privileges.

 

          Whenever
the Depositary shall receive any distribution of any securities or property
other than cash, rights, preferences or privileges upon Stock, the Depositary
shall, subject to Sections 3.1, 3.2 and 5.7, distribute to record holders of
Receipts on the record date fixed pursuant to Section 4.4 such amounts of
the securities or property received by it as are, as nearly as practicable, in
proportion to the respective numbers of

11

Depositary Shares evidenced
by the Receipts held by such holders, in any manner that the Depositary may
deem equitable and practicable for accomplishing such distribution. If in the
opinion of the Depositary such distribution cannot be made proportionately
among such record holders, or if for any other reason (including any
requirement that the Company or the Depositary withhold an amount on account of
taxes) the Depositary deems, after consultation with the Company, such
distribution not to be feasible, the Depositary may, with the approval of the
Company, adopt such method as it deems equitable and practicable for the
purpose of effecting such distribution, including the sale (at public or
private sale) of the securities or property thus received, or any part thereof,
in a commercially reasonable manner. The net proceeds of any such sale shall,
subject to Sections 3.1, 3.2 and 5.7, be distributed or made available for
distribution, as the case may be, by the Depositary to record holders of
Receipts as provided by Section 4.1 in the case of a distribution received
in cash. The Company shall not make any distribution of such securities or
property to the Depositary and the Depositary shall not make any distribution
of such securities or property to the holders of Receipts unless the Company
shall have provided an opinion of counsel (which may be in-house counsel)
stating that such securities or property have been registered under the
Securities Act or do not need to be registered in connection with such
distribution.

	
  

 	
  

 	
  

 
	
  

 	
 Section
4.3. 

 	
 Subscription Rights, Preferences
 or Privileges.

 

          If
the Company shall at any time offer or cause to be offered to the persons in
whose names Stock is recorded on the books of the Company any rights,
preferences or privileges to subscribe for or to purchase any securities or any
rights, preferences or privileges of any other nature, such rights, preferences
or privileges shall in each such instance be made available by the Depositary
to the record holders of Receipts in such manner as the Depositary may
determine, either by the issue to such record holders of instruments
representing such rights, preferences or privileges or by such other method as
may be approved by the Depositary in its discretion with the approval of the
Company; provided, however, that (i) if at the time of issue or offer of
any such rights, preferences or privileges the Depositary determines that it is
not lawful or (after consultation with the Company) not feasible to make such
rights, preferences or privileges available to holders of Receipts by the issue
of instruments, or otherwise, or (ii) if and to the extent so instructed
by holders of Receipts who do not desire to exercise such rights, preferences
or privileges, then the Depositary, in its discretion (with approval of the
Company, in any case where the Depositary has determined that it is not
feasible to make such rights, preferences or privileges available), may, if
applicable laws or the terms of such rights, preferences or privileges permit
such transfer, sell such rights, preferences or privileges at public or private
sale, at such place or places and upon such terms as it may deem proper. The
net proceeds of any such sale shall, subject to Sections 3.1, 3.2 and 5.7, be
distributed by the Depositary to the record holders of Receipts entitled
thereto as provided by Section 4.1 in the case of a distribution received
in cash.

          The
Company shall notify the Depositary whether registration under the Securities
Act of the securities to which any rights, preferences or privileges relate is

12

required in order for
holders of Receipts to be offered or sold the securities to which such rights,
preferences or privileges relate, and, if necessary, the Company agrees with
the Depositary that it will promptly register the distribution of such rights,
preferences or privileges and securities under the Securities Act and use its
best efforts and take all steps available to it to cause such registration to
become effective sufficiently in advance of the expiration of such rights,
preferences or privileges to enable such holders to exercise such rights,
preferences or privileges. In no event shall the Depositary make available to
the holders of Receipts any right, preference or privilege to subscribe for or
to purchase any securities unless and until such registration shall have become
effective, or the Company shall have provided to the Depositary an opinion of
counsel (which may be in-house counsel) to the effect that the offering and
sale of such securities to such holders are exempt from registration under the
provisions of the Securities Act.

          The
Company shall notify the Depositary whether any other action or consent under
any federal or state law is required in order for such rights, preferences or
privileges to be made available to holders of Receipts, and the Company agrees
with the Depositary that the Company will use its reasonable best efforts to
take such action or obtain such consent sufficiently in advance of the
expiration of such rights, preferences or privileges to enable such holders to
exercise such rights, preferences or privileges.

	
  

 	
  

 	
  

 
	
  

 	
 Section
4.4. 

 	
 Notice
 of Dividends, etc.; Fixing Record Date for Holders of Receipts.

 

          Whenever
any cash dividend or other cash distribution shall become payable or any
distribution other than cash shall be made, or if rights, preferences or
privileges shall at any time be offered, with respect to Stock, or whenever the
Depositary shall receive notice of any meeting at which holders of Stock are
entitled to vote or of which holders of Stock are entitled to notice, or
whenever the Depositary and the Company shall decide it is appropriate, the
Depositary shall in each such instance fix a record date (which shall be the
same date as the record date fixed by the Company with respect to or otherwise
in accordance with the terms of the Stock) for the determination of the holders
of Receipts who shall be entitled to receive such dividend, distribution,
rights, preferences or privileges or the net proceeds of the sale thereof, or
to give instructions for the exercise of voting rights at any such meeting, or
who shall be entitled to notice of such meeting or for any other appropriate
reasons.

	
  

 	
  

 	
  

 
	
  

 	
 Section
4.5. 

 	
 Voting Rights.

 

          Upon
receipt of notice of any meeting at which the holders of Stock are entitled to
vote, the Depositary shall, as soon as practicable thereafter, mail to the
record holders of Receipts a notice prepared by the Company which shall contain
(i) such information as is contained in such notice of meeting and
(ii) a statement that the holders may, subject to any applicable
restrictions, instruct the Depositary as to the exercise of the voting rights
pertaining to the amount of Stock represented by their respective Depositary
Shares (including an express indication that instructions may be given to the
Depositary to give a

13

discretionary proxy to a
person designated by the Company) and a brief statement as to the manner in
which such instructions may be given. Upon the written request of the holders
of Receipts on the relevant record date, the Depositary shall endeavor insofar
as practicable to vote or cause to be voted, in accordance with the
instructions set forth in such requests, the maximum number of whole shares of
Stock represented by the Depositary Shares evidenced by all Receipts as to
which any particular voting instructions are received. The Company hereby
agrees to take all reasonable action which may be deemed necessary by the
Depositary in order to enable the Depositary to vote such Stock or cause such
Stock to be voted. In the absence of specific instructions from the holder of a
Receipt, the Depositary will not vote (but, at its discretion, may appear at
any meeting with respect to such Stock unless directed to the contrary by the holders
of all the Receipts) to the extent of the Stock represented by the Depositary
Shares evidenced by such Receipt.

	
  

 	
  

 	
  

 
	
  

 	
 Section
4.6. 

 	
 Changes
 Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.

 

          Upon
any change in par or stated value, split-up, combination or any other
reclassification of the Stock, or upon any recapitalization, reorganization,
merger, consolidation or other business combination affecting the Company or to
which it is a party, the Depositary may in its discretion with the approval of,
and shall upon the instructions of, the Company, and (in either case) in such
manner as the Depositary may deem equitable, (i) make such adjustments as
are certified by the Company in the fraction of an interest represented by one
Depositary Share in one share of Stock as may be necessary fully to reflect the
effects of such change in par or stated value, split-up, combination or other
reclassification of Stock, or of such recapitalization, reorganization, merger,
consolidation or business combination and (ii) treat any securities which
shall be received by the Depositary in exchange for or upon conversion of or in
respect of the Stock as new deposited securities so received in exchange for or
upon conversion or in respect of such Stock. In any such case the Depositary
may in its discretion, with the approval of the Company, execute and deliver
additional Receipts or may call for the surrender of all outstanding Receipts
to be exchanged for new Receipts specifically describing such new deposited
securities. Anything to the contrary herein notwithstanding, holders of
Receipts shall have the right from and after the effective date of any such
change in par or stated value, split-up, combination or other reclassification
of the Stock or any such recapitalization, reorganization, merger,
consolidation, or business combination to surrender such Receipts to the
Depositary with instructions to convert, exchange or surrender the Stock
represented thereby only into or for, as the case may be, the kind and amount
of shares of stock and other securities and property and cash into which the
Stock represented by such Receipts might have been converted or for which such
Stock might have been exchanged or surrendered immediately prior to the effective
date of such transaction.

14

	
  

 	
  

 	
  

 
	
  

 	
 Section
4.7. 

 	
 Delivery of Reports.

 

          The
Depositary shall furnish to holders of Receipts any reports and communications
received from the Company which are received by the Depositary and which the
Company is required by the first sentence of Section 5.5 to furnish to the
holders of the Stock.

	
  

 	
  

 	
  

 
	
  

 	
 Section
4.8. 

 	
 Lists
 of Receipt Holders.

 

          Promptly
upon request from time to time by the Company, the Depositary shall furnish to
it a list, as of the most recent practicable date, of the names, addresses and
holdings of Depositary Shares of all record holders of Receipts.

ARTICLE V

The Depositary,
the Depositary’s

Agents, the Registrar and the Company

	
  

 	
  

 	
  

 
	
  

 	
 Section
5.1. 

 	
 Maintenance
 of Offices, Agencies and Transfer Books by the Depositary; Registrar.

 

          Upon
execution of this Deposit Agreement, the Depositary shall maintain at the
Depositary’s Office, facilities for the execution and delivery, registration
and registration of transfer, surrender and exchange of Receipts, and at the
offices of the Depositary’s Agents, if any, facilities for the delivery,
registration of transfer, surrender and exchange of Receipts, all in accordance
with the provisions of this Deposit Agreement.

          The
Depositary shall keep books at the Depositary’s Office for the registration and
registration of transfer of Receipts, which books at all reasonable times shall
be open for inspection by the record holders of Receipts; provided that any
such holder requesting to exercise such right shall certify to the Depositary
that such inspection shall be for a proper purpose reasonably related to such
person’s interest as an owner of Depositary Shares evidenced by the Receipts.

          The
Depositary may close such books, at any time or from time to time, when deemed
expedient by it in connection with the performance of its duties hereunder.

          The
Depositary may, with the approval of the Company, appoint a Registrar for
registration of the Receipts or the Depositary Shares evidenced thereby. If the
Receipts or the Depositary Shares evidenced thereby or the Stock represented by
such Depositary Shares shall be listed on one or more national securities
exchanges, the Depositary will appoint a Registrar (acceptable to the Company)
for registration of such Receipts or Depositary Shares in accordance with any
requirements of such exchange. Such Registrar (which may be the Depositary if
so permitted by the requirements of any such exchange) may be removed and a
substitute Registrar appointed by the Depositary upon the request or with the
approval of the Company. If the Receipts, such Depositary Shares or such

15

Stock are listed on one
or more other securities exchanges, the Depositary will, at the request of the
Company, arrange such facilities for the delivery, registration, registration
of transfer, surrender and exchange of such Receipts, such Depositary Shares or
such Stock as may be required by law or applicable securities exchange
regulation.

	
  

 	
  

 	
  

 
	
  

 	
 Section
5.2. 

 	
 Prevention
 of or Delay in Performance by the Depositary, the Depositary’s Agents, the
 Registrar or the Company.

 

          Neither
the Depositary nor any Depositary’s Agent nor any Registrar nor the Company
shall incur any liability to any holder of any Receipt if by reason of any
provision of any present or future law, or regulation thereunder, of the United
States of America or of any other governmental authority or, in the case of the
Depositary, the Depositary’s Agent or the Registrar, by reason of any provision,
present or future, of the Company’s Restated Charter (including the Articles of
Amendment) or by reason of any act of God or war or other circumstance beyond
the control of the relevant party, the Depositary, the Depositary’s Agent, the
Registrar or the Company shall be prevented or forbidden from, or subjected to
any penalty on account of, doing or performing any act or thing which the terms
of this Deposit Agreement provide shall be done or performed; nor shall the
Depositary, any Depositary’s Agent, any Registrar or the Company incur
liability to any holder of a Receipt (i) by reason of any nonperformance
or delay, caused as aforesaid, in the performance of any act or thing which the
terms of this Deposit Agreement shall provide shall or may be done or performed,
or (ii) by reason of any exercise of, or failure to exercise, any
discretion provided for in this Deposit Agreement except as otherwise
explicitly set forth in this Deposit Agreement.

	
  

 	
  

 	
  

 
	
  

 	
 Section
5.3. 

 	
 Obligations of the Depositary, the
 Depositary’s Agents, the Registrar and the Company.

 

          Neither
the Depositary nor any Depositary’s Agent nor any Registrar nor the Company
assumes any obligation or shall be subject to any liability under this Deposit
Agreement to holders of Receipts other than for its negligence, willful
misconduct or bad faith. Notwithstanding anything in this Deposit Agreement to
the contrary, neither the Depositary, nor the Depositary’s Agent nor any
Registrar nor the Company shall be liable in any event for special, punitive,
incidental, indirect or consequential losses or damages of any kind whatsoever
(including but not limited to lost profits).

          Neither
the Depositary nor any Depositary’s Agent nor any Registrar nor the Company
shall be under, any obligation to appear in, prosecute or defend any action,
suit or other proceeding in respect of the Stock, the Depositary Shares or the
Receipts which in its opinion may involve it in expense or liability unless
indemnity satisfactory to it against all expense and liability be furnished by
the holders as often as may be required.

          Neither
the Depositary nor any Depositary’s Agent nor any Registrar nor the Company
shall be liable for any action or any failure to act by it in reliance upon the
written advice of legal counsel or accountants, or information from any person
presenting Stock for deposit, any holder of a Receipt or any other person
believed by it in good faith

16

to be competent to give
such information. The Depositary, any Depositary’s Agent, any Registrar and the
Company may each rely and shall each be protected in acting upon or omitting to
act upon any written notice, request, direction or other document believed by
it to be genuine and to have been signed or presented by the proper party or parties.

          The
Depositary shall not be responsible for any failure to carry out any
instruction to vote any of the shares of Stock or for the manner or effect of
any such vote made, as long as any such action or non-action is not taken in
bad faith. The Depositary undertakes, and any Registrar shall be required to
undertake, to perform such duties and only such duties as are specifically set
forth in this Deposit Agreement, and no implied covenants or obligations shall
be read into this Deposit Agreement against the Depositary or any Registrar.

          The
Depositary, the Depositary’s Agents, and any Registrar may own and deal in any
class of securities of the Company and its affiliates and in Receipts. The
Depositary may also act as transfer agent or registrar of any of the securities
of the Company and its affiliates.

          The
Depositary shall not be under any liability for interest on any monies at any
time received by it pursuant to any of the provisions of this Deposit Agreement
or of the Receipts, the Depositary Shares or the Stock nor shall it be
obligated to segregate such monies from other monies held by it, except as
required by law. The Depositary shall not be responsible for advancing funds on
behalf of the Company and shall have no duty or obligation to make any payments
if it has not timely received sufficient funds to make timely payments.

          In
the event the Depositary believes any ambiguity or uncertainty exists hereunder
or in any notice, instruction, direction, request or other communication, paper
or document received by the Depositary hereunder, or in the administration of
any of the provisions of this Deposit Agreement, the Depositary shall deem it
necessary or desirable that a matter be proved or established prior to taking,
omitting or suffering to take any action hereunder, the Depositary may, in its
sole discretion upon written notice to the Company, refrain from taking any
action and shall be fully protected and shall not be liable in any way to the
Company, any holders of Receipts or any other person or entity for refraining
from taking such action, unless the Depositary receives written instructions or
a certificate signed by the Company which eliminates such ambiguity or
uncertainty to the satisfaction of the Depositary or which proves or
establishes the applicable matter to the satisfaction of the Depositary.

	
  

 	
  

 	
  

 
	
  

 	
 Section
5.4. 

 	
 Resignation and Removal of the
 Depositary; Appointment of Successor Depositary.

 

          The
Depositary may at any time resign as Depositary hereunder by delivering notice
of its election to do so to the Company, such resignation to take effect upon
the appointment of a successor Depositary and its acceptance of such
appointment as hereinafter provided.

17

          The
Depositary may at any time be removed by the Company by notice of such removal
delivered to the Depositary, such removal to take effect upon the appointment
of a successor Depositary hereunder and its acceptance of such appointment as
hereinafter provided.

          In
case at any time the Depositary acting hereunder shall resign or be removed,
the Company shall, within 60 days after the delivery of the notice of
resignation or removal, as the case may be, appoint a successor Depositary,
which shall be a bank or trust company having its principal office in the
United States of America and having a combined capital and surplus of at least
$50,000,000. If no successor Depositary shall have been so appointed and have
accepted appointment within 60 days after delivery of such notice, the
resigning or removed Depositary may petition any court of competent
jurisdiction for the appointment of a successor Depositary. Every successor
Depositary shall execute and deliver to its predecessor and to the Company an
instrument in writing accepting its appointment hereunder, and thereupon such
successor Depositary, without any further act or deed, shall become fully
vested with all the rights, powers, duties and obligations of its predecessor
and for all purposes shall be the Depositary under this Deposit Agreement, and
such predecessor, upon payment of all sums due it and on the written request of
the Company, shall promptly execute and deliver an instrument transferring to
such successor all rights and powers of such predecessor hereunder, shall duly
assign, transfer and deliver all right, title and interest in the Stock and any
moneys or property held hereunder to such successor, and shall deliver to such
successor a list of the record holders of all outstanding Receipts and such
records, books and other information in its possession relating thereto. Any
successor Depositary shall promptly mail notice of its appointment to the
record holders of Receipts.

          Any
entity into or with which the Depositary may be merged, consolidated or converted
or any entity succeeding to all or substantially all of the Depositary’s trust
business shall be the successor of the Depositary without the execution or
filing of any document or any further act, and notice thereof shall not be
required hereunder. Such successor Depositary may authenticate the Receipts in
the name of the predecessor Depositary or in its own name as successor
Depositary.

	
  

 	
  

 	
  

 
	
  

 	
 Section
5.5. 

 	
 Corporate Notices and Reports.

 

          The
Company agrees that it will deliver to the Depositary, and the Depositary will,
promptly after receipt thereof, transmit to the record holders of Receipts, in
each case at the addresses recorded in the Depositary’s books, copies of all
notices and reports (including without limitation financial statements)
required by law, by the rules of any national securities exchange upon which
the Stock, the Depositary Shares or the Receipts are listed or by the Company’s
Restated Charter (including the Articles of Amendment), to be furnished to the
record holders of Receipts. Such transmission will be at the Company’s expense
and the Company will provide the Depositary with such number of copies of such
documents as the Depositary may reasonably request. In addition, the

18

Depositary will transmit
to the record holders of Receipts at the Company’s expense such other documents
as may be requested by the Company.

	
  

 	
  

 	
  

 
	
  

 	
 Section
5.6. 

 	
 Indemnification by the Company.

 

          Notwithstanding
Section 5.3 to the contrary, the Company shall indemnify the Depositary, any
Depositary’s Agent and any Registrar (including each of their officers,
directors, agents and employees) against, and hold each of them harmless from,
any loss, damage, cost, penalty, liability or expense (including the reasonable
costs and expenses of defending itself) which may arise out of acts performed,
suffered or omitted to be taken in connection with this Deposit Agreement and
the Receipts by the Depositary, any Registrar or any of their respective agents
(including any Depositary’s Agent) and any transactions or documents
contemplated hereby, except for any liability arising out of negligence,
willful misconduct or bad faith on the respective parts of any such person or
persons. The obligations of the Company set forth in this Section 5.6 shall
survive any succession or termination of any Depositary, Registrar or
Depositary’s Agent.

	
  

 	
  

 	
  

 
	
  

 	
 Section
5.7. 

 	
 Fees, Charges and Expenses.

 

          The
Company agrees promptly to pay the Depositary the compensation to be agreed
upon with the Company for all services rendered by the Depositary hereunder and
to reimburse the Depositary for its reasonable out-of-pocket expenses
(including reasonable counsel fees and expenses) incurred by the Depositary
without negligence, willful misconduct or bad faith on its part in connection
with the services rendered by it hereunder. The Company shall pay all charges
of the Depositary in connection with the initial deposit of the Stock and the
initial issuance of the Depositary Shares, all withdrawals of shares of the
Stock by owners of Depositary Shares, and any redemption or exchange of the
Stock at the option of the Company. The Company shall pay all transfer and
other taxes and governmental charges arising solely from the existence of the
depositary arrangements. All other transfer and other taxes and governmental
charges shall be at the expense of holders of Depositary Shares evidenced by
Receipts. If, at the request of a holder of Receipts, the Depositary incurs
charges or expenses for which the Company is not otherwise liable hereunder,
such holder will be liable for such charges and expenses; provided, however,
that the Depositary may, at its sole option, require a holder of a Receipt to
prepay the Depositary any charge or expense the Depositary has been asked to
incur at the request of such holder of Receipts. The Depositary shall present
its statement for charges and expenses to the Company at such intervals as the
Company and the Depositary may agree.

19

ARTICLE VI

Amendment and
Termination

	
  

 	
  

 	
  

 
	
  

 	
 Section
6.1. 

 	
 Amendment.

 

          The
form of the Receipts and any provisions of this Deposit Agreement may at any
time and from time to time be amended by agreement between the Company and the
Depositary in any respect which they may deem necessary or desirable; provided,
however, that no such amendment which shall impose additional charges or
materially and adversely alter the rights of the holders of Receipts shall be
effective unless such amendment shall have been approved by the holders of at
least a majority (or, in the case of an amendment that would under the Articles
of Amendment require a greater vote if the holders of the Receipts directly
held the shares of Stock represented thereby, such greater vote required by the
Articles of Amendment) of the Depositary Shares then outstanding. Every holder
of an outstanding Receipt at the time any such amendment becomes effective
shall be deemed, by continuing to hold such Receipt, to consent and agree to
such amendment and to be bound by the Deposit Agreement as amended thereby. In
no event shall any amendment impair the right, subject to the provisions of
Sections 2.5, 2.6 and 5.7 and Article III, of any owner of Depositary
Shares to surrender any Receipt evidencing such Depositary Shares to the
Depositary with instructions to deliver to the holder the Stock and all money
and other property, if any, represented thereby, except in order to comply with
mandatory provisions of applicable law or the rules and regulations of any
governmental body, agency or commission, or applicable securities exchange.

	
  

 	
  

 	
  

 
	
  

 	
 Section
6.2. 

 	
 Termination.

 

          This
Deposit Agreement may be terminated by the Company at any time and for any
reason upon not less than 60 days’ prior written notice to the Depositary,
in which case, at least 30 days prior to the date fixed in such notice for
such termination, the Depositary will mail notice of such termination to the
record holders of all Receipts then outstanding.

          If
any Receipts shall remain outstanding after the date of termination of this
Deposit Agreement, the Depositary thereafter shall discontinue the transfer of
Receipts, shall suspend the distribution of dividends to the holders thereof
and shall not give any further notices (other than notice of such termination)
or perform any further acts under this Deposit Agreement, except that the
Depositary shall continue to collect dividends and other distributions
pertaining to Stock, shall sell rights, preferences or privileges as provided
in this Deposit Agreement and shall continue to deliver the Stock and any money
and other property, if any, represented by Receipts upon surrender thereof by
the holders thereof. At any time after the expiration of two years from the
date of termination, the Depositary may sell Stock then held hereunder at
public or private sale, at such places and upon such terms as it deems proper
and may thereafter hold the net

20

proceeds of any such
sale, together with any money and other property held by it hereunder, without
liability for interest, for the benefit, pro rata in accordance with their
holdings, of the holders of Receipts that have not theretofore been
surrendered. After making such sale, the Depositary shall be discharged from
all obligations under this Deposit Agreement except to account for such net
proceeds and money and other property.

          This
Deposit Agreement may be terminated by the Depositary only if (i) all
outstanding Depositary Shares have been redeemed pursuant to Section 2.8
or (ii) there shall have been made a final distribution in respect of the
Stock in connection with any liquidation, dissolution or winding up of the
Company and such distribution shall have been distributed to the holders of
Depositary Shares pursuant to Article IV.

          Upon
the termination of this Deposit Agreement, the Company shall be discharged from
all obligations under this Deposit Agreement except for its obligations to the
Depositary, any Depositary’s Agent and any Registrar under Sections 5.6 and
5.7.

ARTICLE VII

Miscellaneous

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.1. 

 	
 Counterparts.

 

          This
Deposit Agreement may be executed in any number of counterparts, and by each of
the parties hereto on separate counterparts, each of which counterparts, when
so executed and delivered, shall be deemed an original, but all such
counterparts taken together shall constitute one and the same instrument.

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.2. 

 	
 Exclusive Benefit of Parties.

 

          This
Deposit Agreement is for the exclusive benefit of the parties hereto, and their
respective successors hereunder, and shall not be deemed to give any legal or
equitable right, remedy or claim to any other person whatsoever.

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.3. 

 	
 Invalidity of Provisions.

 

          In
case any one or more of the provisions contained in this Deposit Agreement or
in the Receipts should be or become invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions
contained herein or therein shall in no way be affected, prejudiced or
disturbed thereby.

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.4. 

 	
 Notices.

 

          Any
and all notices to be given to the Company hereunder or under the Receipts
shall be in writing and shall be deemed to have been duly given if personally
delivered or

21

sent by mail, or by facsimile transmission confirmed
by letter, addressed to the Company at

	
  

 	
  

 
	
  

 	
 First Horizon National Corporation

 
	
  

 	
 165 Madison Avenue

 
	
  

 	
 Memphis, TN 38103

 
	
  

 	
 Attention: Janet E. Denkler

 
	
  

 	
 Facsimile No.: 901-523-4478

 

or at any other addresses
of which the Company shall have notified the Depositary in writing.

          Any
and all notices to be given to the Depositary hereunder or under the Receipts
shall be in writing and shall be deemed to have been duly given if personally
delivered or sent by mail, or by facsimile transmission confirmed by letter,
addressed to the Depositary at the Depositary’s Office or at any other address
of which the Depositary shall have notified the Company in writing. 

          Any
and all notices to be given to any record holder of a Receipt hereunder or
under the Receipts shall be in writing and shall be deemed to have been duly
given if personally delivered or sent by mail or facsimile transmission
confirmed by letter, addressed to such record holder at the address of such
record holder as it appears on the books of the Depositary, or if such holder
shall have timely filed with the Depositary a written request that notices
intended for such holder be delivered, mailed or transmitted to some other
address, at the address designated in such request.

          Delivery
of a notice sent by mail or by facsimile transmission to any holder of record
shall be deemed to be effected at the time when a duly addressed letter
containing the same (or a confirmation thereof in the case of a facsimile
transmission) is deposited, postage prepaid, in a post office letter box. 

          Delivery
of a notice by any record holder of a Receipt to the Company or the Depositary
shall be effective upon receipt. The Depositary or the Company may act upon any
facsimile transmission received by it from the other or from any holder of a
Receipt, notwithstanding that such facsimile transmission shall not
subsequently be confirmed by letter. Delivery of a notice by the Company to the
Depositary or by the Depositary to the Company shall be effective, (i) in the
case of hand delivery, upon receipt, (ii) in the case of mail, five business
days after deposit, postage prepaid, into a post-office letter box, and (iii)
in the case of facsimile, upon receipt of a confirmation of delivery on a
business day during normal business hours.

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.5. 

 	
 Depositary’s Agents.

 

          The
Depositary may from time to time appoint Depositary’s Agents to act in any
respect for the Depositary for the purposes of this Deposit Agreement and may
at any time appoint additional Depositary’s Agents and vary or terminate the
appointment of

22

such Depositary’s Agents.
The Depositary will promptly notify the Company of any such action.

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.6. 

 	
 Appointment
 of Registrar and Transfer Agent in Respect of the Receipts.

 

          The
Company hereby appoints the Depositary as Registrar and transfer agent in
respect of the Receipts and the Depositary hereby accepts such appointments.

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.7. 

 	
 Appointment
 of Transfer Agent, Registrar, Dividend Disbursing Agent and Redemption Agent
 in Respect of the Stock.

 

          The
Company hereby appoints Wells Fargo Bank, National Association as transfer
agent, registrar, dividend disbursing agent and redemption agent in respect of
the Stock, and Wells Fargo Bank, National Association hereby accepts such
appointments. With respect to the appointments of Wells Fargo Bank, National
Association as transfer agent, registrar, dividend disbursing agent and
redemption agent in respect of the Stock, each of the Company and Wells Fargo
Bank, National Association, in their respective capacities under such
appointments, shall be entitled to the same rights, indemnities, immunities and
benefits as the Company and Depositary hereunder, respectively, as if
explicitly named in each such provision.

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.8. 

 	
 Holders
 of Receipts Are Parties.

 

          The
holders of Receipts from time to time shall be parties to this Deposit
Agreement and shall be bound by all of the terms and conditions hereof and of
the Receipts by acceptance of delivery thereof.

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.9. 

 	
 Governing Law.

 

          This
Deposit Agreement and the Receipts and all rights hereunder and thereunder and
provisions hereof and thereof shall be governed by, and construed in accordance
with, the laws of the State of New York without giving effect to applicable
conflicts of law principles.

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.10. 

 	
 Inspection of Deposit Agreement.

 

          Copies
of this Deposit Agreement shall be filed with the Depositary and the
Depositary’s Agents and shall be open to inspection during normal business
hours at the Depositary’s Office and the respective offices of the Depositary’s
Agents, if any, by any holder of a Receipt.

	
  

 	
  

 	
  

 
	
  

 	
 Section
7.11. 

 	
 Headings.

 

          The
headings of articles and sections in this Deposit Agreement and in the form of
the Receipt set forth in Exhibit A hereto have been inserted for
convenience only and are

23

not to be regarded as a
part of this Deposit Agreement or the Receipts or to have any bearing upon the
meaning or interpretation of any provision contained herein or in the Receipts.

24

          IN
WITNESS WHEREOF, the Company and the Depositary have duly executed this Deposit
Agreement as of the day and year first above set forth, and all holders of
Receipts shall become parties hereto by and upon acceptance by them of delivery
of Receipts issued in accordance with the terms hereof.

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 FIRST HORIZON NATIONAL CORPORATION

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Thomas C. Adams, Jr.

 	
  

 
	
  

 	
  

 	 

 	
  

 
	
  

 	
  

 	
 Name: Thomas C. Adams, Jr.

 
	
  

 	
  

 	
 Title: Executive Vice President & Corporate
 Treasurer

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 WELLS FARGO BANK, NATIONAL ASSOCIATION

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
 /s/ Martin J. Knapp

 	
  

 	
  

 
	
  

 	
  

 	 

 	
  

 	
  

 
	
  

 	
  

 	
 Name: Martin J. Knapp

 
	
  

 	
  

 	
 Title: Assistant Vice President

 

25

EXHIBIT A

[FORM OF FACE OF
RECEIPT]

Unless this receipt is presented by an authorized
representative of The Depository Trust Company, a New York corporation (“DTC”),
to First Horizon National Corporation or its agent for registration of
transfer, exchange, or payment, and any certificate issued is registered in the
name of Cede & Co. or in such other name as is requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or to such
other entity as is requested by an authorized representative of DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has
an interest herein.

Any purchaser of the Depositary Shares (as defined
below) or any interest therein represents by its purchase of the Depositary
Shares that either (1) it is not (A) a pension, profit-sharing or other
employee benefit plan subject to the U.S. Employee Retirement Income Security
Act of 1974, as amended (“ERISA”) or an individual retirement account, Keogh
plan or any other plan subject to Section 4975 of the Internal Revenue Code of 1986,
as amended (the “Code”), (B) an employee benefit plan that is a governmental
plan (as defined in Section 3(32) of ERISA), a church plan (as defined in
Section 3(33) of ERISA) or a non-U.S. plan (as described in Section 4(b)(4) of
ERISA) that is not subject to the requirements of ERISA or the Code but is
subject to similar provisions under applicable federal, state, local, non-U.S
or other laws (“Similar Laws”) or (C) an entity whose underlying assets include
“plan assets” by reason of any such plan’s investment in the entity or (2) the
purchase of the Depositary Shares will not constitute a non-exempt prohibited
transaction under Section 406 of ERISA, Section 4975 of the Code or under any
applicable Similar Laws.

DEPOSITARY RECEIPT
FOR DEPOSITARY SHARES, EACH 

REPRESENTING 1/4,000TH OF ONE SHARE OF

NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES A,

OF

FIRST HORIZON
NATIONAL CORPORATION

INCORPORATED UNDER
THE LAWS OF THE STATE OF TENNESSEE

CUSIP              

SEE REVERSE FOR CERTAIN DEFINITIONS

          Wells
Fargo Bank, N.A., as Depositary (the “Depositary”), hereby certifies that Cede
& Co. is the registered owner of              DEPOSITARY SHARES
(“Depositary

A-1

Shares”), each Depositary
Share representing 1/4,000th of one share of Non-Cumulative Perpetual Preferred
Stock, Series A, liquidation preference $100,000 per share (the “Stock”),
of First Horizon National Corporation, a Tennessee corporation (the “Corporation”),
on deposit with the Depositary, subject to the terms and entitled to the
benefits of the Deposit Agreement dated as of January 31, 2013 (the “Deposit
Agreement”), among the Corporation, the Depositary and the holders
from time to time of the Depositary Receipts. By accepting this Depositary
Receipt, the holder hereof becomes a party to and agrees to be bound by all the
terms and conditions of the Deposit Agreement. This Depositary Receipt shall
not be valid or obligatory for any purpose or entitled to any benefits under
the Deposit Agreement unless it shall have been executed by the Depositary by
the manual signature of a duly authorized officer or, if executed in facsimile
by the Depositary, countersigned by a Registrar in respect of the Depositary
Receipts by the manual signature of a duly authorized officer thereof.

Dated: ________________, 2013

Wells Fargo Bank, N.A., Depositary

	
  

 	
  

 	
  

 
	
 By:

 	
  

 	
  

 
	
  

 	 

 	
  

 
	
  

 	
 Authorized Officer

 	
  

 

A-2

[FORM OF REVERSE
OF RECEIPT]

FIRST HORIZON
NATIONAL CORPORATION

          FIRST
HORIZON NATIONAL CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH RECEIPTHOLDER
WHO SO REQUESTS A COPY OF THE DEPOSIT AGREEMENT AND A COPY OR SUMMARY OF THE
ARTICLES OF AMENDMENT OF THE NON-CUMULATIVE PERPETUAL PREFERRED STOCK,
SERIES A, OF FIRST HORIZON NATIONAL CORPORATION. ANY SUCH REQUEST IS TO BE
ADDRESSED TO THE DEPOSITARY NAMED ON THE FACE OF THIS RECEIPT.

	
  

 	
  

 	
  

 
	
  

 	 

 	
  

 

          The
Corporation will furnish in writing and without charge to each receiptholder who so requests
the powers, designations, preferences and relative, participating, optional or
other special rights of each class of stock or series thereof of the
Corporation, and the qualifications, limitations or restrictions of such
preferences and/or rights. Such request may be made to the Corporation or to
the transfer agent for the Stock.

EXPLANATION OF
ABBREVIATIONS

          The
following abbreviations when used in the form of ownership on the face of this
certificate shall be construed as though they were written out in full
according to applicable laws or regulations:

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 TEN COM-

 	
 as tenants in common

 
	
  

 	
  

 
	
 TEN ENT-

 	
 as tenants by the
 entireties

 
	
  

 	
  

 
	
 JT TEN-

 	
 as joint tenants with
 right of survivorship and not as tenants in common

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 UNIF GIFT MIN ACT-

 	
  

 	
 Custodian

 	
  

 	
  

 
	
  

 	 

 	
  

 	 

 	
  

 
	
  

 	
 (Minor)

 	
  

 	
 (Cus)

 	
  

 
	
  

 	
 under Uniform Gifts to
 Minors Act

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	 

 	
  

 	
  

 
	
  

 	
 (State)

 	
  

 	
  

 	
  

 

Additional
abbreviations may also be used though not in the above list.

A-3

          For
value received, _______________________ hereby sell(s), assign(s) and
transfer(s) unto

	
  

 	
  

 	
  

 
	
  

 	 

 	
  

 
	
  

 	
 PLEASE INSERT SOCIAL
 SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

 	
  

 
	
 PLEASE PRINT OR
 TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF

 ASSIGNEE

 

Depositary Shares
represented by the within Receipt, and do(es) hereby irrevocably constitute and
appoint __________________________________________________ Attorney to transfer
the said Depositary Shares on the books of the within named Depositary with
full power of substitution in the premises.

	
  

 	
  

 	
  

 
	
 Dated:

 	
  

 	
  

 
	
  

 	 

 	
  

 

	
  

 	
  

 
	
  

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

 

SIGNATURE GUARANTEED

NOTICE:
The signature(s) should be guaranteed by an eligible guarantor institution
(banks, stockbrokers, savings and loan associations, and credit unions with
membership in an approved signature guarantee medallion program), pursuant to
Rule 17Ad-15 under the Securities Exchange Act of 1934.

A-4Exhibit 4.2

Certificate A-

THE SECURITIES
REPRESENTED BY THIS INSTRUMENT ARE NOT SAVINGS ACCOUNTS, DEPOSITS OR OTHER
OBLIGATIONS OF A BANK AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY.

THE SECURITIES ARE SUBJECT TO THE TERMS AND CONDITIONS OF A DEPOSIT
AGREEMENT, DATED AS OF JANUARY 31, 2013 (THE “DEPOSIT AGREEMENT”), AMONG THE
CORPORATION, WELLS FARGO BANK, N.A., AS DEPOSITARY, AND THE HOLDERS FROM TIME
TO TIME OF DEPOSITARY RECEIPTS DESCRIBED THEREIN. NO TRANSFER, PLEDGE,
HYPOTHECATION OR OTHER DISPOSITION OF THE SECURITIES MAY OCCUR UNLESS PERMITTED
BY THE DEPOSIT AGREEMENT.

FIRST
HORIZON NATIONAL CORPORATION

Incorporated Under
the Laws of the State of Tennessee

	
  

 	
  

 
	
               SHARES     NON-CUMULATIVE
 PERPETUAL PREFERRED STOCK, SERIES A

 

          This is to
certify that                , as Depositary under the Deposit Agreement,
is the registered owner of         fully paid and non-assessable shares of the
Non-Cumulative Perpetual Preferred Stock, Series A, without par value but
having a liquidation preference of $100,000 per share, of First Horizon
National Corporation, a Tennessee corporation (the “Corporation”), the
terms of which are provided for in the Corporation’s Restated Charter including
the Articles of Amendment of the Non-Cumulative Perpetual Preferred Stock,
Series A, transferable on the books of the Corporation by the holder hereof in
person or by its duly authorized attorney, upon surrender of this Certificate
properly endorsed. This Certificate and the shares represented hereby are
issued and shall be held subject to all of the provisions of the Restated
Charter and the By-laws of the Corporation and any amendments thereto. This
Certificate is not valid unless countersigned and registered by the Transfer
Agent and Registrar for the Series A Preferred Stock.

          IN WITNESS
WHEREOF, the Corporation has caused this Certificate to be executed on its
behalf by its duly authorized officers. 

Dated: 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 By:

 	
  

 	
  

 	
 By:

 	
  

 
	
  

 	 

 	
  

 	
  

 	 

 
	
  

 	
 Name:

 	
 D. Bryan Jordan

 	
  

 	
  

 	
 Name:

 	
 Clyde A. Billings, Jr.

 
	
  

 	
 Title:

 	
 President and Chief

 Executive Officer

 	
  

 	
  

 	
 Title:

 	
 Senior Vice President,

 Assistant General 

 Counsel & Corporate 

 Secretary

 

(SEAL)

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Countersigned and Registered:

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Wells Fargo Bank, N.A., as Transfer

 Agent and Registrar

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
    

 	
  

 
	
  

 	
  

 	 

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 

(REVERSE OF
CERTIFICATE)

FIRST HORIZON NATIONAL CORPORATION

          THE
CORPORATION WILL FURNISH IN WRITING AND WITHOUT CHARGE TO EACH STOCKHOLDER WHO
SO REQUESTS THE DEPOSIT AGREEMENT AND THE POWERS, DESIGNATIONS, PREFERENCES AND
RELATIVE PARTICIPATING, OPTIONAL OR SPECIAL RIGHTS OF EACH CLASS OF STOCK OR
SERIES THEREOF OF THE CORPORATION AND THE QUALIFICATIONS, LIMITATIONS OR
RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS. SUCH REQUEST SHOULD BE
ADDRESSED TO THE CORPORATION OR THE TRANSFER AGENT. 

          The
following abbreviations, when used in the inscription on the face of this
Certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

	
  

 
	
 TEN COM - as tenants in common

 
	
 TEN ENT - as tenants by the entireties

 
	
 JT TEN - as joint tenants with right of survivorship
 and not as tenants in common

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 UNIF GIFT MIN ACT -

 	
  

 	
 Custodian

 	
  

 	
  

 	
  

 
	
  

 	 

 	
  

 	 

 	
  

 
	
  

 	
 (Custodian)

 	
  

 	
   (Minor)

 	
  

 
	
  

 	
 under Uniform Gifts to Minors Act

 	
  

 	
  

 
	
  

 	
  

 	 

 	
  

 
	
  

 	
  

 	
  

 	
 (State)

 	
  

 

Additional abbreviations may also be used though not
in the above list.

FOR VALUE RECEIVED, _________________ hereby sell(s),
assign(s) and transfer(s) unto

	
  

 
	 

 
	
 (PLEASE PRINT OR
 TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

 

	
  

 
	 

 
	
 (PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING
 NUMBER OF ASSIGNEE)

 

_________________________ (_______________) shares represented by this
Certificate and do(es) hereby irrevocably constitute and appoint
_____________________, Attorney to transfer the said shares on the books of the
Corporation, with full power of substitution in the premises.

	
  

 	
  

 	
  

 
	
 Dated: ____________________, _________

 	
  

 	
  

 
	
  

 	
  

 	 

 
	
  

 	
  

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

 

Signature(s) Guaranteed:

The signature(s) should be guaranteed by a
participant in a Medallion Signature Guarantee Program at a guarantee level
acceptable to the Corporation’s Transfer Agent.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}]]