Document:

Form of Notice of Director Restricted Stock Unit Award and Award Agreement

 EXHIBIT 10.2 
 KORN/FERRY INTERNATIONAL PERFORMANCE AWARD PLAN 
 NOTICE OF DIRECTOR RESTRICTED STOCK UNIT AWARD

  

			
	 Grantee’s Name:
	  	«First_Name» «Last_Name»

 You have been granted Restricted Stock Units (the “Units” or individually a
“Unit”) payable in shares of Common Stock of the Company (the “Shares”), subject to the terms and conditions of this Notice of Director Restricted Stock Unit Award (the “Notice”), the Korn/Ferry International
Performance Award Plan, as amended from time to time (the “Plan”) and the Director Restricted Stock Unit Award Agreement (the “Agreement”) attached hereto. Capitalized terms used in this Notice and not otherwise defined shall
have the same meanings as set forth in the Plan. 
  

			
	 Date of Award
	  	«Grant_Date»
		
	 Total Number of Units Awarded
	  	«NUMBER_OF_UNITS_To_nearest_10»

 Vesting Schedule: 
 Subject to the Grantee’s continued service as a member of the Board and other limitations set forth in this Notice, the Agreement and the Plan, the Units will “vest” in accordance with the following
schedule: 
 100% of the Total Number of Units Awarded shall vest on the day before the next annual meeting of the Company’s
stockholders that follows the Grant Date. 
 For each Unit that vests in accordance with the terms hereof, one Share shall be issuable to the
Grantee following the vesting of such Unit (subject to any election to defer payment by the Grantee as provided in Section 6 of the Agreement). The Grantee shall not acquire or have any rights as a stockholder of the Company by virtue of the
Agreement (or the Award evidenced hereby) until the Shares issuable pursuant to this Award are actually issued and delivered to the Grantee in accordance with the terms of the Plan and the Agreement. No fractional Shares shall be issued with respect
to the vesting of the Units. Notwithstanding the foregoing, the Units subject to this Notice will be subject to accelerated vesting and payment in the event of a Change in Control Event as provided in Section 7(b) of this Agreement. 

 Grantee: «Last_Name»ELD First_Name «First_Name» 
 Termination of Employment; Forfeiture: 
 Vesting shall
cease upon the date of termination of the Grantee’s continued service as a member of the Board for any reason, including death or Total Disability. If the Grantee’s continued service as a Board member terminates for any reason when the
Grantee holds any unvested Units, such unvested Units shall be forfeited and no Shares shall be issued with respect to such forfeited Units. 
 IN WITNESS WHEREOF, the Company and the Grantee have executed this Notice and agree that the Award is to be governed by the terms and conditions of this Notice, the Plan, and the Agreement. 
  

			
	Korn/Ferry International
a Delaware corporation
		
	By:	 	

	
	Gary D. Burnison
		
	Title:	 	Chief Executive Officer and Director

  

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 Grantee: «Last_Name»ELD First_Name «First_Name» 
 THE GRANTEE ACKNOWLEDGES AND AGREES THAT THE UNITS SHALL VEST, IF AT ALL, ONLY DURING THE PERIOD OF GRANTEE’S CONTINUED SERVICE AS A DIRECTOR OF THE COMPANY (NOT
THROUGH THE ACT OF BEING ELECTED OR APPOINTED, BEING GRANTED THIS AWARD OR ACQUIRING UNITS HEREUNDER). THE GRANTEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS NOTICE, THE AGREEMENT, NOR IN THE PLAN, SHALL CONFER UPON THE GRANTEE ANY RIGHT
WITH RESPECT TO CONTINUATION OF GRANTEE’S SERVICE WITH THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH THE COMPANY’S RIGHT TO INCREASE OR DECREASE THE COMPENSATION OF THE GRANTEE FROM THE RATE IN EXISTENCE AT ANY TIME. 
  

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 Grantee: «Last_Name»ELD First_Name «First_Name» 
 The Grantee acknowledges receipt of a copy of the Plan and the Agreement and represents that he or she is familiar with the terms and provisions thereof,
and hereby accepts the Award subject to all of the terms and provisions hereof and thereof. The Grantee has reviewed this Notice, the Agreement and the Plan in their entirety, has had an opportunity to obtain the advice of counsel prior to executing
this Notice and fully understands all provisions of this Notice, the Agreement and the Plan. The Grantee hereby agrees that all disputes arising out of or relating to this Notice, the Plan and the Agreement shall be resolved in accordance with
Sections 12 and 17 of the Agreement. The Grantee further agrees to notify the Company upon any change in the residence address indicated in this Notice. 
  

					
	Dated: ______________________	 	Signed:	 	  

  

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 KORN/FERRY INTERNATIONAL PERFORMANCE AWARD PLAN 
 DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT 
 1. Grant of Units. Korn/Ferry International, a Delaware corporation (the “Company”), hereby awards to the Grantee (the “Grantee”) named in the Notice of Director Restricted Stock Unit Award
(the “Notice”), the Total Number of Restricted Stock Units (the “Units” or individually a “Unit”) payable in shares of Common Stock of the Company (the “Shares”) as set forth in the Notice, subject to the
Notice, this Director Restricted Stock Unit Award Agreement (this “Agreement”) and the terms and provisions of the Company’s Performance Award Plan, as amended from time to time (the “Plan”), which is incorporated herein by
reference. Capitalized terms used in this Notice and not otherwise defined shall have the same meanings as set forth in the Plan. 
 2.
Consideration. The Units have been granted to the Grantee principally for past services and in consideration for past services and continued service with the Company. 
 3. Transfer Restrictions. Except as expressly provided in Section 1.9 of the Plan, the Units granted to the Grantee hereunder, and the Shares
subject thereto (and any right or interest therein), may not be sold, transferred by gift, pledged, hypothecated, or otherwise transferred or disposed of by the Grantee prior to the issuance of Shares pursuant to Section 6. Any attempt to
transfer Units or Shares in violation of this Section 3 will be null and void and will be disregarded. 
 4. Termination of
Employment; Forfeiture. Vesting shall cease upon the date of termination of the Grantee’s continued service as a member of the Board for any reason, including death or Total Disability. If the Grantee’s continued service as a Board
member terminates for any reason when the Grantee holds any unvested portion of the Units, such unvested Units shall be forfeited as of the applicable termination date without payment of any Shares or any other consideration by the Company and
without any other action by the Grantee, or the Grantee’s beneficiary or personal representative, as the case may be. 
 5. Dividend
and Voting Rights. 
 (a) Limitations on Rights Associated with Units. The Grantee shall have no rights as a
stockholder of the Company, no dividend rights (except as expressly provided in Section 5(b) with respect to dividend equivalent rights) and no voting rights, with respect to the Units and any Shares underlying or issuable in respect of such
Units until such Shares are actually issued to and held of record by the Grantee. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of the Shares. 
 (b) Dividend Equivalent Rights Distributions. As of any date that the Company pays an ordinary cash dividend on its Common Stock,
the Company shall pay the Grantee an amount equal to the per-share cash dividend paid by the Company on its Common Stock on such date multiplied by the number of Units remaining subject to this Award as of the related dividend 

  

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 Grantee: «Last_Name»ELD First_Name «First_Name» 
  

 
payment record date. No such payment shall be made with respect to any Units which, as of such record date, have either been paid pursuant to Section 6
or forfeited pursuant to Section 4. 
 6. Timing and Type of Payment. The Company shall issue to the Grantee one Share for each
Unit that vests pursuant to the terms of this Agreement as soon as practicable after the vesting date. Notwithstanding the foregoing sentence, the Grantee may elect, on a form and in a manner prescribed by the Committee, to defer any such payment of
vested Units, provided that such election must be made prior to the time the Award is granted and any such deferral of payment must comply with any applicable requirements of Section 409A of the Code. The Grantee shall have no further rights
with respect to any Units that are so paid or that terminate pursuant to Section 4. 
 7. Adjustments; Change in Control.

 (a) Adjustments Upon Specified Events. The Committee may accelerate vesting of the Units in such circumstances as
it, in its sole discretion, may determine. In addition, upon the occurrence of certain events relating to the Company’s stock contemplated by Section 6.2.1 of the Plan (including, without limitation, an extraordinary cash dividend on such
stock), the Committee shall make adjustments if appropriate in the number of Units then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash
dividend for which dividend equivalent rights may be paid pursuant to Section 5(b). 
 (b) Acceleration Upon Change in
Control. Notwithstanding any other provision herein, in the event of a Change in Control Event, any Units that are then outstanding and unvested shall become fully vested and shall be paid to the Grantee immediately prior to such event.

 8. Withholding of Taxes. Subject to Section 6.4 of the Plan, upon any distribution of Shares in respect of the Units, the
Company shall automatically reduce the number of Shares to be delivered by (or otherwise reacquire) the appropriate number of whole shares, valued at their then Fair Market Value (as determined in accordance with the applicable provisions of the
Plan), to satisfy any withholding obligations of the Company with respect to such distribution of Shares at the minimum applicable withholding rates. In the event that the Company cannot legally satisfy such withholding obligations by such reduction
of Shares, or in the event of a cash payment or any other withholding event in respect of the Units, the Company shall be entitled to require a cash payment by or on behalf of the Grantee and/or to deduct from other compensation payable to the
Grantee any sums required by federal, state or local tax law to be withheld with respect to such distribution or payment. 
 9. Limitation
on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, the Grantee acknowledges that: (i) the Grantee’s participation in the Plan is voluntary; (ii) the value of the
Award is an extraordinary item which is outside the scope of any employment contract with the Grantee; (iii) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits,
severance, resignation, termination, 

  

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 Grantee: «Last_Name»ELD First_Name «First_Name» 
  

 
redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and the Grantee will not be entitled
to compensation or damages as a consequence of the Grantee’s forfeiture of any unvested portion of the Award as a result of the Grantee’s termination of service with the Company for any reason; and (iv) in the event that the Grantee
is not a direct employee of Company, the grant of the Award will not be interpreted to form an employment relationship with the Company and the grant of the Award will not be interpreted to form an employment contract with the Grantee’s
employer or the Company. The Company shall be under no obligation whatsoever to advise the Grantee of the existence, maturity or termination of any of the Grantee’s rights hereunder and the Grantee shall be responsible for familiarizing himself
or herself with all matters contained herein and in the Plan which may affect any of Grantee’s rights or privileges hereunder. 
 10.
Company Authority. Any question concerning the interpretation of this Agreement, the Notice or the Plan, any adjustments required to be made under the Plan, and any controversy that may arise under the Plan or this Agreement shall be
determined by the Company (including any person(s) to whom the Company has delegated its authority) in its sole and absolute discretion. Such decision by the Company shall be final and binding. 
 11. Undertaking. The Grantee hereby agrees to take whatever additional action and execute whatever additional documents the Company may deem
necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on either the Grantee or the Grantee’s interest pursuant to the express provisions of this Agreement. 
 12. Entire Agreement: Governing Law. The Notice, the Plan and this Agreement constitute the entire agreement of the parties with respect to the
subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Grantee with respect to the subject matter hereof, and may not be modified adversely to the Grantee’s interest except by means of
a writing signed by the Company and the Grantee. These agreements are to be construed in accordance with and governed by the internal laws of the State of California (as permitted by Section 1646.5 of the California Civil Code, or any similar
successor provision) without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of California to the rights and duties of the parties. Should any
provision of the Notice or this Agreement be determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 
 13. Successors and Assigns. The provisions of this Agreement will inure to the benefit of, and be binding on, the Company and its successors and
assigns and the Grantee and the Grantee’s legal representatives, heirs, legatees, distributees, assigns and transferees by operation of law, whether or not any such person will have become a party to this Agreement and agreed in writing to join
herein and be bound by the terms and conditions hereof. 
 14. Securities Law Compliance. The Company may impose such restrictions,
conditions or limitations as it determines appropriate as to the timing and manner of any resales by the Grantee or other subsequent transfers by the Grantee of any Shares issued hereunder, including without limitation (a) restrictions under an
insider trading policy, (b) restrictions that may be necessary in 

  

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 Grantee: «Last_Name»ELD First_Name «First_Name» 
  

 
the absence of an effective registration statement under the Securities Act of 1933, as amended, covering the Award and/or the Shares and
(c) restrictions as to the use of a specified brokerage firm or other agent for such resales or other transfers. Any sale of the Shares must also comply with other applicable laws and regulations governing the sale of such Shares. 

15. Information Confidential. As partial consideration for the granting of the Award, the Grantee agrees that he or she will keep confidential
all information and knowledge that the Grantee has relating to the manner and amount of his or her participation in the Plan; provided, however, that such information may be disclosed as required by law and may be given in confidence to the
Grantee’s spouse, tax and financial advisors, or to a financial institution to the extent that such information is necessary to secure a loan. 
 16. Headings. The captions used in this Agreement are inserted for convenience and shall not be deemed a part of this Agreement for construction or interpretation. 
 17. Dispute Resolution. The provisions of this Section 17 shall be the exclusive means of resolving disputes arising out of or relating to
the Notice, the Plan and this Agreement. The Company, the Grantee, and the Grantee’s assignees (the “parties”) shall attempt in good faith to resolve any disputes arising out of or relating to the Notice, the Plan and this Agreement
by negotiation between individuals who have authority to settle the controversy. Negotiations shall be commenced by either party by notice of a written statement of the party’s position and the name and title of the individual who will
represent the party. Within thirty (30) days of the written notification, the parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to resolve the dispute. If the dispute has not
been resolved by negotiation, the parties agree that any suit, action, or proceeding arising out of or relating to the Notice, the Plan or this Agreement shall be brought in the United States District Court for the Central District of California (or
should such court lack jurisdiction to hear such action, suit or proceeding, in a California state court in the County of Los Angeles) and that the parties shall submit to the jurisdiction of such court. The parties irrevocably waive, to the fullest
extent permitted by law, any objection the party may have to the laying of venue for any such suit, action or proceeding brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION
OR PROCEEDING. If any one or more provisions of this Section 17 shall for any reason be held invalid or unenforceable, it is the specific intent of the parties that such provisions shall be modified to the minimum extent necessary to make it or
its application valid and enforceable. 
 18. Notices. Any notice required or permitted hereunder shall be given in writing and shall
be deemed effectively given upon personal delivery or upon deposit in the United States mail by certified mail (if the parties are within the United States) or upon deposit for delivery by an internationally recognized express mail courier service
(for international delivery of notice), with postage and fees prepaid, addressed to the other party at its address as shown beneath its signature in the Notice, or to such other address as such party may designate in writing from time to time to the
other party. 
  

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 Grantee: «Last_Name»ELD First_Name «First_Name» 
 EXHIBIT A 
 CONSENT OF SPOUSE 

 In consideration of the execution of the foregoing Director Restricted Stock Unit Award Agreement by Korn/Ferry
International, the undersigned, the spouse of «First_Name» «Last_Name», the Participant named therein, do hereby agree to be bound by all of the terms and provisions thereof, the terms and conditions attached thereto, and
those set forth in the Plan. 
  

					
	  	 		 	  
	Signature of Spouse	 		 	Date
			
	  	 		 	
	Print Spouse’s Name	 		 	

 [DECLARATION BELOW TO BE COMPLETED BY UNMARRIED INDIVIDUALS] 
 I, ___________________________, the undersigned, hereby declare that I am not married as of the date hereof. 
  

							
				
	 	 	  	 		 	  
				
	Name:	 	 	 		 	Date:

  

 9Third Supplemental Indenture

 Exhibit 4.1 
  

 THIRD SUPPLEMENTAL INDENTURE 
 between 
 REGIONS FINANCIAL CORPORATION 
 AND 
 DEUTSCHE BANK TRUST COMPANY AMERICAS

 DATED AS OF DECEMBER 10, 2007 
 Supplement to Indenture dated as of May 15, 2002 
 (Subordinated Debt Securities) 
  

  

 THIRD SUPPLEMENTAL INDENTURE, dated as of December 10, 2007 (this “Supplemental
Indenture”), between REGIONS FINANCIAL CORPORATION, a Delaware corporation (the “Company”), and Deutsche Bank Trust Company Americas, a New York banking corporation, as Trustee. 
 RECITALS 
 WHEREAS, the Company and the Trustee have entered into an Indenture
dated as of May 15, 2002 (the “Indenture”), providing for the issuance by the Company from time to time of its subordinated debt securities; 
 WHEREAS, the Company and the Trustee have amended and supplemented the Indenture by that certain Supplemental Indenture, dated as of May 15, 2002, and that certain Second Supplemental Indenture, dated as of
April 27, 2007; 
 WHEREAS, Section 901 of the Indenture provides that the Company and the Trustee may, without the consent of any
Holder, enter into a supplemental indenture to establish the form or terms of Securities of any series as permitted by Section 201 and 301 thereof; 
 WHEREAS, the Company desires to provide for the establishment of a new series of Securities pursuant to Sections 201 and 301 of the Indenture, the form and substance of such Securities and terms, provisions and
conditions thereof to be set forth as provided in the Indenture and this Supplemental Indenture; 
 WHEREAS, the Company and the Trustee deem
it advisable to enter into this Supplemental Indenture for the purposes of establishing the terms of such Securities and providing for the rights, obligations and duties of the Trustee with respect to such Securities; 
 WHEREAS, the execution and delivery of this Supplemental Indenture has been authorized by a resolution of the Board of Directors of the Company;

 WHEREAS, the Company has delivered to the Trustee an Officer’s Certificate pursuant to Section 903 of the Indenture to the
effect that all conditions precedent provided for in the Indenture to the execution and delivery of this Supplemental Indenture have been complied with; 
 WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture and satisfy all requirements necessary to make this Supplemental Indenture a valid instrument in accordance with its
terms, and to make the Notes (as defined herein), when executed by the Company and authenticated and delivered by the Trustee, the valid obligations of the Company; and 
 WHEREAS, all acts and things necessary have been done and performed to make this Supplemental Indenture enforceable in accordance with its terms, and the 

  

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execution and delivery of this Supplemental Indenture has been duly authorized in all respects. 
 NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: For and in consideration of the premises and the purchase of the Notes by the Holders thereof,
the Company and the Trustee covenant and agree, for the equal and proportionate benefit of all Holders of the Notes, as follows: 
 ARTICLE
ONE  
 CREATION OF THE NOTES 
 Section 1.1 Designation of Series. Pursuant to the terms hereof and Sections 201 and 301 of the Indenture, the Company hereby creates a series of its subordinated debt securities designated as the
“7.375% Subordinated Notes due 2037” (the “Notes”), which Notes shall be deemed “Securities” for all purposes under the Indenture. 
 Section 1.2 Form and Denomination of Notes. The Notes shall be substantially in the form set forth in Exhibit A attached hereto, which is incorporated herein and made part hereof. The Notes shall bear
interest and have such other terms as are stated in the form of definitive Notes or in the Indenture, as supplemented by this Supplemental Indenture. The Stated Maturity of the Notes shall be December 10, 2037. The Notes shall be issued in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 Section 1.3 Limit on Amount of Series. The Notes
shall initially be limited to U.S.$ 300,000,000 in aggregate principal amount, and may, upon the execution and delivery of this Supplemental Indenture or from time to time thereafter, be executed by the Company and delivered to the Trustee for
authentication, and the Trustee shall thereupon authenticate and deliver said Notes to or upon the delivery of a Company Order. 
 Section 1.4 No Redemption or Sinking Fund. No sinking fund will be provided with respect to the Notes. The Notes are not subject to redemption prior to Stated Maturity. 
 Section 1.5 Notes Not Convertible or Exchangeable. The Notes will not be convertible or exchangeable for other securities or property.

 Section 1.6 Issuance of Notes; Selection of Depository. The Notes shall be issued as Registered Securities in permanent global
form, without coupons. The initial Depository for the Notes shall be DTC. 
 Section 1.7 Covenants Not Applicable To Notes.
Section 1014 of the Indenture shall not apply to the Notes. 
  

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 Section 1.8 Further Issuances. The Company may, without consent of the Holders of the Notes,
increase the principal amount of the Notes by issuing additional Notes on the same terms and conditions as the Notes, except for any differences in the issue price and interest accrued prior to the date of issuance of the additional Notes, and with
the same CUSIP number as the Notes. The Notes and any additional Notes issued by the Company will rank equally and ratably and shall be treated as a single series of Securities for all purposes under the Indenture. 
 Section 1.9 Defeasance and Covenant Defeasance. Pursuant to Section 301(19) of the Indenture, the provisions of Sections 1402 and 1403
of the Indenture relating to defeasance and discharge and covenant defeasance, respectively, shall be applicable to the Notes. 
 ARTICLE TWO
 
 SECURITIES REGISTRAR AND PAYING AGENT 
 Section 2.1 Securities Registrar; Paying Agent. The Company appoints Deutsche Bank Trust Company Americas as Securities Registrar and Paying Agent with respect to the Notes. 
 ARTICLE THREE  
 EVENTS OF DEFAULT

 Pursuant to Section 201, Section 301(15)(a) and Section 301(27) of the Indenture and in full substitution of the terms
of Section 501 of the Indenture, so long as any of the Notes are Outstanding, the following provisions shall be applicable to the Notes: 
 Section 3.1 Events of Default. An Event of Default with respect to the Notes means any one of the following events (whatever the reason for such Event of Default, whether it shall be occasioned by the provisions of Article
Seventeen of the Indenture and whether or not it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental
body): 
 (a) the entry by a court having jurisdiction in the premises of (i) a decree or order for relief in respect of the Company in
an involuntary case or proceeding under any applicable Bankruptcy Law or (ii) a decree or order adjudging the Company bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or
composition of or in respect of the Company under any applicable Bankruptcy Law, or appointing a receiver or other similar official of the Company or of any substantial part of its property, or ordering the winding up or 

  

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liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period
of 60 consecutive days; or 
 (b) the commencement by the Company of a voluntary case or proceeding under any applicable Bankruptcy Law or of
any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Bankruptcy Law or to the
commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization relief under any applicable Bankruptcy Law, or the consent by it to the filing of such petition
or to the appointment of or taking possession by a receiver or similar official of the Company or of any substantial part of its property or the taking of corporate action by the Company in furtherance of any such action; or 
 (c) (i) the appointment by a competent government agency having primary regulatory authority over the Principal Subsidiary Bank under any applicable
federal or state banking law, Bankruptcy Law or similar law now or hereafter in effect of a receiver of the Principal Subsidiary Bank, or (ii) the entry of a decree or order in any case or proceeding under any applicable federal or state
banking law, Bankruptcy Law or other similar law now or hereafter in effect appointing any receiver of the Principal Subsidiary Bank. 
 As
used in this Section 3.1, “Bankruptcy Law” means Title 11, U.S. Code or any similar Federal or state bankruptcy, insolvency, reorganization or other law for the relief of debtors. 
 Section 3.2 Acceleration of Maturity. If, and only if, an Event of Default specified in Section 3.1 hereof occurs and is continuing, the
Trustee or the Holders of not less than 25% in aggregate principal amount of the Outstanding Notes (voting as a single class) may declare the principal amount of all of the Outstanding Notes, together with accrued interest (including any Additional
Interest) to the date of declaration thereon, to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders) and upon any such declaration such amounts shall become immediately due and payable.
Notwithstanding anything in the Indenture to the contrary, the Notes are not subject to acceleration upon any other Event of Default. 
 Section 3.3 Rescission and Annulment. At any time after a declaration of acceleration with respect to the Notes has been made, as provided in Section 3.2 hereof, and before a judgment or decree for payment of the money due
has been obtained by the Trustee as provided in Article Five of the Indenture, the Holders of a majority in principal amount of the Outstanding Notes, by written notice to the Company and the Trustee, may rescind and annul such declaration and its
consequences if: (1) the Company has paid or deposited with the Trustee a sum sufficient to pay in Dollars: (A) all overdue installments of interest on all Outstanding Notes; (B) the principal amount of any Outstanding Notes which
have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates borne by or provided for in such 

  

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Notes; (C) to the extent that payment of such interest is lawful, interest upon overdue installments of interest (including any Additional Interest) at
the rate or rates borne by or provided for in the Notes; and (D) all sums paid or advanced by the Trustee hereunder and under the Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and (2) all Events of Default with respect to the Notes have been cured or waived as provided in the Indenture. 
 No such
rescission shall affect any subsequent default or impair any right consequent thereon. 
 ARTICLE FOUR  
 MISCELLANEOUS 
 Section 4.1
Effectiveness. This Supplemental Indenture will become effective upon its execution and delivery. 
 Section 4.2 Application
of Supplemental Indenture. Each and every term and condition contained in this Supplemental Indenture that modifies, amends or supplements the terms and conditions of the Indenture shall apply only to the Notes created hereby and not to any
future series of Securities established under the Indenture. 
 Section 4.3 Benefits of Supplemental Indenture. Nothing contained
in this Supplemental Indenture or in the Notes, express or implied, shall give to any Person, other than the parties to the Indenture, any Security Registrar, any Paying Agent, any Authenticating Agent and their successors under the Indenture, the
holders of Senior Debt and the Holders, any benefit or any legal or equitable right, remedy or claim under the Indenture. 
 Section 4.4
Modification of the Indenture. Except as expressly provided by this Supplemental Indenture, the provisions of the Indenture shall govern the terms and conditions of the Notes. 
 Section 4.5 Defined Terms. All capitalized terms which are used herein and not otherwise defined herein are defined in the Indenture and are
used herein with the same meanings as in the Indenture. 
 Section 4.6 Effective Date. This Supplemental Indenture shall be
effective as of the date first above written and upon the execution and delivery hereof by each of the parties hereto. 
 Section 4.7
Counterparts. This Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

  

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 Section 4.8 Successors and Assigns. All covenants and agreements in the Indenture, as
supplemented and amended by this Supplemental Indenture, by the Company will bind its successors and assigns, whether so expressed or not. 
 Section 4.9 Effect of Headings. The Article and Section headings in this Supplemental Indenture are for convenience only and shall not affect the construction hereof. 
 Section 4.10 Ratification of the Indenture. The Indenture as supplemented by this Supplemental Indenture, is in all respects ratified and
confirmed, and this Supplemental Indenture will be deemed part of the Indenture in the manner and to the extent herein and therein provided. 
 Section 4.11 Governing Law. This Supplemental Indenture and the Notes shall be governed by, and construed in accordance with, the laws of the State of New York. 
 [Signature Page Follows] 
  

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

			
	REGIONS FINANCIAL CORPORATION
		
	By:	 	 /s/ Eric J. Haas

	Name:	 	Eric J. Haas
	Title:	 	Executive Vice-President and Treasurer

  

			
	Attest:	 	 /s/ Carl L. Gorday

	Name:	 	Carl L. Gorday
	Title:	 	 Assistant General Counsel and
 Assistant
Secretary

  

			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

		
	By:	 	 /s/ Kenneth Ring

	Name:	 	Kenneth Ring
	Title:	 	Vice-President
		
	By:	 	 /s/ David Contino

	Name:	 	David Contino
	Title:	 	Assistant Vice-President

  

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 EXHIBIT A 
 FORM OF FACE OF SECURITY 
 [THE FOLLOWING LEGEND SHALL APPEAR ON THE FACE OF EACH GLOBAL SECURITY: 
 THIS SECURITY IS AN UNSECURED DEBT OBLIGATION OF THE COMPANY. THIS SECURITY IS NOT A DEPOSIT OR SAVINGS ACCOUNT AND IS NOT INSURED BY THE FEDERAL DEPOSIT
INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY. 
 THIS SECURITY IS A SECURITY IN GLOBAL FORM (“GLOBAL
SECURITY”) WITHIN THE MEANING OF THE SECTION 203 OF THE BASE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY OR A NOMINEE OF THE DEPOSITORY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT
THEREOF AS OWNER AND HOLDER OF THIS NOTE FOR ALL PURPOSES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY 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. 
 UNLESS AND UNTIL IT IS
EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM IN THE LIMITED CIRCUMSTANCES REFERRED TO IN THE BASE INDENTURE, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY
OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY.] 
  

 A-1 

 REGIONS FINANCIAL CORPORATION 
 7.375% SUBORDINATED NOTES 
 DUE 2037 
  

			
	No.                         	  	U.S.$                 

 CUSIP NO. 7591EPAE0 
 REGIONS FINANCIAL CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture
referred to on the reverse hereof), for value received, hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of •(U.S.$•) on December 10, 2037 and all accrued and unpaid interest thereon on
December 10, 2037, or if such day is not a Business Day, the following Business Day. The Company further promises to pay interest on said principal sum from and including December 10, 2007, or from the most recent Interest Payment Date (as
defined below) to which interest has been paid or duly provided for, semiannually in arrears on June 10 and December 10 in each year (each an “Interest Payment Date”), commencing June 10, 2008 at the rate of 7.375% per
annum, computed for any full semiannual period on the basis of a 360-day year of twelve 30-day months and computed for any partial semiannual period on the actual days elapsed during such period, until the principal hereof is due, and at the rate of
7.375% per annum on any overdue principal amounts, and, to the extent permitted by law, on any overdue interest. 
 The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on
the Regular Record Date for such interest, which shall be May 25 or November 25 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Interest on the Outstanding Securities payable at
maturity will be payable to the persons to whom principal is payable. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular
Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities not less than 10 days prior to the Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any automated quotation system or
securities exchange on which the Securities may be quoted or listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 
 Payments of principal shall be made upon the surrender of this Security at the Corporate Trust Office of the Trustee, or at such other office or agency
of the Company as may be designated by the Company for such purpose in the Borough of Manhattan, The City of New York or in the City of Birmingham, Alabama, in such coin or currency of the United States of America as at the time of payment is legal
tender for the payment of public and private debts, by 

  

 A-2 

 
Dollar check drawn on, or transfer to, a Dollar account. Payments of interest on this Security may be made by Dollar check, drawn on a Dollar account, mailed
to the address of the Person entitled thereto as such address shall appear in the Security Register, or, upon written application by the Holder to the Security Registrar setting forth wire instructions not later than the relevant Record Date, by
transfer to a Dollar account. 
 The indebtedness evidenced by this Security is, to the extent provided in the Indenture, subordinate and
subject in right of payment to the prior payment in full of all Senior Debt, and this Security is issued subject to the provisions of the Indenture with respect thereto. Each Holder of this Security, by accepting the same, (i) agrees to and
shall be bound by such provisions, (ii) authorizes and directs the Trustee on his or her behalf to take such actions as may be necessary or appropriate to effectuate the subordination so provided and (iii) appoints the Trustee his or her
attorney-in-fact for any and all such purposes. Each Holder hereof, by his or her acceptance hereof, waives all notice of the acceptance of the subordination provisions contained herein and in the Indenture by each holder of Senior Debt, whether now
outstanding or hereafter created, incurred, assumed or guaranteed, and waives reliance by each such holder upon said provisions. 
 Except as
specifically provided herein and in the Indenture, the Company shall not be required to make any payment with respect to any tax, assessment or other governmental charge imposed by any government or any political subdivision or taxing authority
thereof or therein. 
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has
been executed by the Trustee referred to on the reverse hereof or an Authenticating Agent by the manual signature of one of their respective authorized signatories, this Security shall not be entitled to any benefit under the Indenture or be valid
or obligatory for any purpose. 
 IN WITNESS WHEREOF, the Company has caused this Security to be duly executed and delivered under its
corporate seal. 
 [Signature Page Follows] 
  

 A-3 

			
	REGIONS FINANCIAL CORPORATION
		
	By:	 	  

	Name:	 	Eric J. Haas
	Title:	 	Executive Vice-President and Treasurer

 [Corporate Seal] 
  

			
	Attest:	 	  

	Name:	 	Carl L. Gorday
	Title:	 	Assistant General Counsel and Assistant Secretary
		
	Dated:	 	  

 (Trustee’s Certificate of Authentication) 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

		
	By:	 	  

		 	Authorized Officer

  

 A-4 

 [FORM OF REVERSE SIDE OF THE SECURITY] 
 This Security is one of a duly authorized issue of subordinated debt securities of the Company designated as its “7.375% Subordinated Notes due
2037” (the “Securities”), initially limited in aggregate principal amount to U.S. $300,000,000, issued and to be issued under an Indenture, dated as of May 15, 2002 (herein called the “Base Indenture”), between the
Company and Deutsche Bank Trust Company Americas, as Trustee (the “Trustee”, which term includes any successor trustee under the Base Indenture), and a Third Supplemental Indenture, dated as of December 10, 2007 between the Company
and the Trustee (the “Supplemental Indenture”; the Base Indenture, as supplemented by the Supplemental Indenture, the “Indenture”) to which Indenture and all indentures supplemental thereto reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee, the holders of Senior Debt and the Holders of the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. As provided in the Indenture and subject to certain limitations therein set forth, Securities are exchangeable for a like aggregate principal amount of Securities of any authorized denominations as requested by the
Holder surrendering the same upon surrender of the Security or Securities to be exchanged, at the Corporate Trust Office of the Trustee. The Trustee upon such surrender by the Holder will issue the new Securities in the requested denominations.

 No sinking fund is provided for the Securities. The Securities are not subject to redemption prior to December 10, 2037. 

The Company may, without consent of the holders of the Securities, increase the principal amount of the Securities by issuing additional securities in
the future on the same terms and conditions as the Securities, except for any difference in the issue price and interest accrued prior to the date of issuance of the additional securities, and with the same CUSIP number as the Securities. The
Securities and any additional Securities issued by the Company would rank equally and ratably and would be treated as a single series for all purposes under the Indenture. 
 In any case where the due date for the payment of the principal of or interest on any Security at any Place of Payment, as the case may be, is not a
Business Day, then payment of principal or interest (including any Additional Interest) need not be made on or by such date at such place but may be made on or by the next succeeding Business Day, with the same force and effect as if made on the
date for such payment, and no interest shall accrue on the amount so payable for the period after such date. 
 [The following paragraph
shall appear in each Global Security: 
 In the event of a deposit or withdrawal of an interest in this Security, including an exchange or
transfer of this Security in part only, the Trustee, as custodian of the Depository, shall make an adjustment on its records to reflect such deposit or withdrawal in accordance with the rules and procedures of The Depository Trust Company applicable
to, and as in effect at the time of, such transaction.] 
 If, and only if, an Event of Default described in Section 3.1 of the
Supplemental Indenture occurs and is continuing, the principal of all the Outstanding Securities, together with 

  

 A-5 

 
accrued interest (including any Additional Interest) to the date of declaration, may be declared due and payable in the manner and with the effect provided
in the Indenture. Upon payment (i) of the amount of principal so declared due and payable, together with accrued interest to the date of declaration, and (ii) of interest on any overdue principal and, to the extent permitted by applicable
law, overdue interest, all of the Company’s obligations in respect of the payment of the principal of and interest on the Securities shall terminate. Notwithstanding anything in the Indenture to the contrary, the Securities are not subject to
acceleration upon any other Event of Default. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof
and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities under the Indenture at any time by the Company and the Trustee with the written consent of the Holders of not less than a majority in
principal amount of the Securities at the time Outstanding. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities at the time Outstanding, on behalf of the Holders of all the
Securities, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any Security issued in exchange herefor or in lieu hereof whether or not notation of such consent or waiver is made upon this Security or such other Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with
respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default, the Holders of not less than 25%
in principal amount of the Outstanding Securities shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity and the Trustee shall not have
received from the Holders of a majority in principal amount of the Outstanding Securities a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer
of indemnity. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the principal of and interest (including any Additional Interest) on this Security at the times, places and rate, and in the coin or currency, herein prescribed. 
 The Securities will be subject to defeasance and covenant defeasance pursuant to Sections 1402 and 1403 of the Indenture. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable on the Security Register
upon surrender of this Security for registration of transfer at the Corporate Trust Office of the Trustee or at such other office or agency of the Company as may be designated by it for such purpose in the Borough of Manhattan, The City of New York
or the City of Birmingham, Alabama (which shall initially be 

  

 A-6 

 
an office or agency of the Trustee), or at such other offices or agencies as the Company may designate, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder thereof or his attorney duly authorized in writing, and thereupon one or more new Securities, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees by the Registrar. No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient
to recover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentation of this Security for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered, as the owner thereof for all purposes, whether or not such Security be overdue, and
neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 No recourse for the payment of the
principal (and premium, if any) or interest (including any Additional Interest) on this Security and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or any indenture supplemental thereto or in any
Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, employee, agent, officer or director or subsidiary, as such, past, present or future, of the Company or of any
successor corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by
the acceptance hereof and as part of consideration for the issue hereof, expressly waived and released. 
 THE INDENTURE AND THIS SECURITY
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 All capitalized terms used in this Security
which are defined in the Indenture, and not otherwise defined herein, shall have the meanings assigned to them in the Indenture. 
  

 A-7 

 ASSIGNMENT FORM 
 To assign this Security, fill in the form below: 
 I or we assign and transfer this Security to 

 

 (Insert assignee’s soc.
sec. or tax I.D. no.) 
  

  

  

 (Print or type assignee’s name, address and zip code) 
 and irrevocably appoint 
  

 as agent to transfer this Security on the books of
the Company. The agent may substitute another to act for him or her. 
  

							
	 	 	 	 	 	 	Your Signature
				
	Date:	 	  
	 		 	  

		 		 		 	(Sign exactly as your name appears on the other side of this Security)
	* Signature guaranteed by:	 		 	
				
	By:	 	  
	 		 	

	*	The signature must be guaranteed by an institution which is a member of one of the following recognized signature guaranty programs: (i) the Securities Transfer Agent Medallion
Program (STAMP); (ii) the New York Stock Exchange Medallion Program (MSP); (iii) the Stock Exchange Medallion Program (SEMP); or (iv) such other guaranty program acceptable to the Trustee. 

  

 A-8

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