Document:

Exhibit 4.5

 Exhibit 4.5 
 BB&T CORPORATION 
 FIRST SUPPLEMENTAL INDENTURE 
 Dated as of December 23, 2003 
 To
INDENTURE REGARDING SUBORDINATED SECURITIES 
 Dated as of May 24, 1996 
 U.S. BANK NATIONAL ASSOCIATION, 
 as Trustee 
  
  
 FIRST SUPPLEMENTAL INDENTURE 
 This FIRST SUPPLEMENTAL INDENTURE, dated as of December 23, 2003
(the “First Supplemental Indenture”), is made and entered into by and between BB&T Corporation, a North Carolina corporation formerly known as Southern National Corporation (“BB&T”), and U.S. Bank National Association, a
national banking association, successor to the corporate trust business of State Street Bank and Trust Company, as trustee (the “Trustee”) under the Indenture Regarding Subordinated Securities, dated as of May 24, 1996 (the
“Indenture”). 
 Recitals 
 WHEREAS, BB&T and the Trustee are parties to the Indenture which provides, pursuant to Section 2.01 and subject to compliance with other terms of the Indenture, for the issuance of an unlimited amount of Securities; 
 WHEREAS, Section 9.01 of the Indenture provides, among other things, that BB&T and the Trustee may amend the Indenture without the consent of the holders of any
Securities to cure any ambiguity or to correct or supplement any provision contained in the Indenture or in any supplemental indenture that may be defective or inconsistent with any other provision contained in the Indenture or in any supplemental
indenture, or to make such other provisions in regard to matters or questions arising under the Indenture that shall not adversely affect the interests of the holders of Outstanding Securities of any series or any related coupons; 
 WHEREAS, BB&T desires to amend the Indenture to remove Section 4.06 and Section 4.07 of the Indenture with respect to all series of Securities issued on or after the
date hereof; 
 WHEREAS, the Executive Committee of the Board of Directors of BB&T (the “Executive Committee”) is duly authorized to act for
the Board of Directors with respect to this First Supplemental Indenture; and 

 WHEREAS, the Executive Committee has, by action duly taken, determined that the actions and other matters set forth in
this First Supplemental Indenture do not adversely affect the interests of the holders of Outstanding Securities, approved the actions and other matters set forth in this First Supplemental Indenture, and authorized the execution and delivery of
this First Supplemental Indenture; and 
 WHEREAS, BB&T and the Trustee are executing and delivering this First Supplemental Indenture in order to
provide therefor. 
 NOW, THEREFORE, for and in consideration of the premises, and other good and valuable consideration, the sufficiency and receipt of
which are hereby acknowledged, it is mutually agreed, for the benefit of each other and for the equal and ratable benefit of all holders of Securities: 
 Ratification 
 This First Supplemental Indenture constitutes an integral part of, is supplemental to,
and is entered into in accordance with Section 9.01 of the Indenture and, except as modified, amended and supplemented by this First Supplemental Indenture, the provisions of the Indenture are ratified and confirmed in all respects and shall remain
in full force and effect. The Indenture, as amended by this First Supplemental Indenture, is in all respects acknowledged, ratified and confirmed. All provisions of this First Supplemental Indenture shall be deemed to be incorporated in, and made a
part of the Indenture, and the Indenture, as supplemented and amended by this First Supplemental Indenture, shall be read, taken and construed as one and the same instrument. 
 Amendments to Indenture 
 The Indenture is hereby amended by deleting in their
entirety from the Indenture Section 4.06 and Section 4.07 thereof with respect to all series of Securities issued on or after the date of this First Supplemental Indenture. This First Supplemental Indenture shall in no way amend or otherwise alter
or affect the terms and provisions of any series of Securities issued prior to the date of this First Supplemental Indenture. 
 General

 1. Definitions. All capitalized terms used in this First Supplemental Indenture that are defined in the Indenture have the respective meanings
assigned to them therein, except to the extent such terms are otherwise defined in this First Supplemental Indenture or the context clearly requires otherwise. 
 2. Trustee Makes No Representations. The Trustee makes no representations as to the validity or sufficiency of this First Supplemental Indenture. The recitals and statements herein are deemed to be those of BB&T and not of the
Trustee. 

 3. Effectiveness. This First Supplemental Indenture is effective as of December 23, 2003. 
 4. Provisions Binding on Successors. All the covenants, stipulations, promises and agreements contained in this First Supplemental Indenture by BB&T shall
bind its successors and assigns whether so expressed or not. 
 5. GOVERNING LAW. THIS FIRST SUPPLEMENTAL INDENTURE AND EACH SECURITY SHALL
BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 6. Trust Indenture Act to Control. If and to the extent that any provision of this First Supplemental Indenture limits, qualifies or conflicts with another provision hereof or with the Indenture which is
required to be included in this First Supplemental Indenture or in the Indenture by the Trust Indenture Act of 1939, as amended, such required provision shall control. 
 7. Effect of Headings. The titles and headings of the articles and sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall
in no way modify or restrict any of the terms or provisions of this First Supplemental Indenture. 
 8. Execution in Counterparts. This First
Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 
 [Signatures appear on following page] 

 IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed as of the date
first above written. 
  

			
	BB&T CORPORATION
		
	By:	 	 /s/    Scott E. Reed

	Name:	 	Scott E. Reed
	Title:	 	Senior Executive Vice President and
		 	Chief Financial Officer

  

			
	 Attest:

		
	By:	 	 /s/    David L. Craven

	Name:	 	David L. Craven
	Title:	 	Assistant Secretary

  

			
	U.S. BANK NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	 /s/    Patrick Thebado

	Name:	 	Patrick Thebado
	Title:	 	Vice President

  

			
	 Attest:

		
	By:	 	 /s/    Alison D.B. Nadeau

	Name:	 	Alison D.B. Nadeau
	Title:	 	Vice President

					
	 STATE OF
	 	 North Carolina
	 	)
		 		 	) ss.:
	 COUNTY OF
	 	 Forsyth
	 	)

 On the 19th day of December, 2003, before me personally came Scott E. Reed, to me known, who,
being by me duly sworn did depose and say that he resides at 3861 Guinevere Lane, Winston-Salem, NC 27104; that he is the Chief Financial Officer of BB&T Corporation, one of the corporations described in and which executed the above instrument;
that he knows the corporate seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by the authority of the Board of Directors of said corporation; and that he signed his name thereto by like
authority. 
  

	
	Vivian A. Thompson
	 
	Notary Public

 [NOTARIAL SEAL] 
  

					
	 STATE OF
	 	 Massachusetts
	 	)
		 		 	) ss.:
	 COUNTY OF
	 	 Suffolk
	 	)

 On the 19th day of December, 2003, before me personally came Patrick E. Thebado, to me known, who,
being by me duly sworn did depose and say that he resides at Boston, MA; that he is a Vice President of U.S. Bank National Association, a national banking association, one of the corporations described in and which executed the above instrument;
that he knows the corporate seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by the authority of the Board of Directors of said corporation; and that he signed his name thereto by like
authority. 
  

	
	Robert M. Mastracci
	 
	Notary Public

 [NOTARIAL SEAL]Exhibit 10.2.a

 Exhibit 10.2.a 
 2008 DECLARATION OF AMENDMENT TO 
 BB&T CORPORATION 
 1995 OMNIBUS STOCK INCENTIVE PLAN 
 THIS 2008 DECLARATION OF AMENDMENT to the BB&T Corporation 1995 Omnibus Stock Incentive Plan,
as amended and restated (the “Plan”) is executed on the 28th day of October, 2008, by BB&T CORPORATION (the “Corporation”).

 RECITALS: 
 It is
deemed advisable to amend the Plan in order to change the definition of Date of Exercise, to clarify the definition of Retirement under the Plan, and to add a reference to evidence of stock ownership in addition to certificates. 
 NOW, THEREFORE, IT IS DECLARED, that, by action of the Board of Directors of BB&T Corporation on the 28th day of October, 2008, the Plan is amended
as follows, effective October 28, 2008 (all references to “Southern National Corporation” in the Plan are now “BB&T Corporation”, and all references to “SNC” are now “BB&T”): 
 1. By deleting Section 1.07 of the Plan in its entirety and inserting the following in lieu thereof: 
 “1.07. Date of Exercise means (i) (aa) with respect to the exercise of an Option in which shares of BB&T Common Stock relating to
such Option are sold in the market, the date, after the optionee delivers an exercise notice to BB&T Corporation or its designee specifying the number of shares in respect of which the Option is being exercised and such other representations and
agreements as may be required by BB&T Corporation or its designee, that the shares of BB&T Common Stock relating to such Option are sold in the market; and (bb) with respect to all other Option exercises, the date notice of exercise is
received by BB&T Corporation or its designee; provided, however, if such notice is received by BB&T Corporation or its designee after the market closes on such day of receipt, the Date of Exercise means the next trading day of the BB&T
Common Stock; and (ii) with respect to an SAR, the date that the notice of exercise is received by BB&T Corporation or its designee; provided, however, if such notice is received by BB&T Corporation or its designee after the market
closes on such day of receipt, the Date of Exercise means the next trading day of the BB&T Common Stock.” 

 2. By deleting Section 1.17 of the Plan in its entirety and inserting the following in lieu thereof:

 “1.17. Retirement means that a Participant has incurred a separation from service on or after his earliest
early retirement date. As used herein, the “earliest early retirement date” of a Participant who incurs a separation from service is, (i) if the Participant is an employee, either the employee’s attainment of at least age
55 with at least 10 years of service with BB&T Corporation and/or an affiliate or, in the event the employee has not attained at least age 55 with at least 10 years of service, the employee’s attainment of at least age 65 with at
least 5 years of service with BB&T Corporation and/or an affiliate; and (ii) if the Participant is a non-employee director, the non-employee director’s attainment of at least the age of retirement specified in BB&T
Corporation’s policies and procedures applicable to directors as the retirement age for non-employee directors.” 
 3. By inserting
“(or other evidence of BB&T Common Stock ownership, including, without limitation, a direct registration system book entry account)” after the phrases “no certificate for shares” in the first and fourth sentences of Article
XII, and after the phrase “share certificate” in the third sentence of Article XII. 
 IN WITNESS WHEREOF, this 2008 Declaration of
Amendment is executed on behalf of BB&T Corporation on the day and year first above written. 
  

			
	BB&T corporation
		
	By:	 	 /s/    Robert E. Greene

	Title:	 	Senior Executive Vice President

  

	
	ATTEST:
	
	 /s/    Frances B. Jones

	Title:

 [Corporate Seal] 
  

 2

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