Document:

Exhibit

Exhibit 10.1

FIRST AMENDMENT TO
CREDIT AGREEMENT 
AND 
GUARANTY AND SECURITY AGREEMENT 
DATED AS OF 
OCTOBER 23, 2019
AMONG
RATTLER MIDSTREAM LP,
AS PARENT,
RATTLER MIDSTREAM OPERATING LLC, 
AS BORROWER,
WELLS FARGO BANK, NATIONAL ASSOCIATION, 
AS ADMINISTRATIVE AGENT,
THE LENDERS PARTY HERETO, AND
WELLS FARGO SECURITIES, LLC,
CREDIT SUISSE SECURITIES (USA) LLC,
JPMORGAN CHASE BANK, N.A., AND
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 
AS JOINT LEAD ARRANGERS AND JOINT BOOKRUNNERS

        

FIRST AMENDMENT TO CREDIT AGREEMENT AND GUARANTY AND SECURITY AGREEMENT
THIS FIRST AMENDMENT TO CREDIT AGREEMENT AND GUARANTY AND SECURITY AGREEMENT (this “Amendment”), dated as of October 23, 2019, is among: Rattler Midstream LP, a Delaware limited partnership (the “Parent”); Rattler Midstream Operating LLC, a Delaware limited liability company (the “Borrower”); each of the undersigned guarantors (together with the Parent, the “Guarantors”); each of the Lenders (as such term is defined in the Credit Agreement referred to below) party hereto; and Wells Fargo Bank, National Association, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”).
R E C I T A L S
A.    The Parent, the Borrower, the Administrative Agent, and the Lenders are parties to that certain Credit Agreement, dated as of May 28, 2019 (the “Credit Agreement”), pursuant to which the Lenders have made certain credit available to and on behalf of the Borrower.
B.    The Borrower, the Guarantors and the Administrative Agent are parties to that certain Guaranty and Security Agreement, dated as of May 28, 2019 (the “GSA”), which is the Guaranty and Security Agreement referred to in the Credit Agreement.
C.    Rattler OMOG LLC (“Rattler OMOG”) became a party to the GSA as a Grantor (as such term is defined in the GSA) thereunder on October 17, 2019 by delivering that certain Assumption Agreement to the Administrative Agent pursuant to Section 9.13 of the GSA.
D.    The Borrower has requested and the Lenders signatory hereto have agreed to amend certain provisions of the Credit Agreement and the GSA as set forth herein.
E.    Now, therefore, to induce the Administrative Agent and the Lenders to enter into this Amendment and in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Section 1.    Defined Terms.  Each capitalized term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement as amended by this Amendment.  Unless otherwise indicated, all section references in this Amendment refer to sections of the Credit Agreement.
Section 2.    Amendments to Credit Agreement.  In reliance on the representations, warranties, covenants, and agreements contained in this Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, the Credit Agreement is hereby amended, effective as of the Amendment Effective Date (as defined below), as follows:

1

        

2.1    Amendments to Section 1.02.
(a)    The following definition is hereby amended and restated in its entirety to read as follows:
“Loan Documents” means this Agreement, the First Amendment, the Notes, the Letter of Credit Agreements, the Letters of Credit, and the Security Instruments.
(b)    The following definitions are hereby added where alphabetically appropriate to read as follows:
 “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.
“BHC Act Affiliate” has the meaning set forth in Section 12.20(b)(i).
“Covered Entity” has the meaning set forth in Section 12.20(b)(ii).
“Covered Party” has the meaning set forth in Section 12.20(a).
“Default Right” has the meaning set forth in Section 12.20(b)(iii).
“First Amendment” means that certain First Amendment to Credit Agreement, dated as of the First Amendment Effective Date, by and among the Parent, the Borrower, the Administrative Agent, and the Lenders party thereto.
“First Amendment Effective Date” means October 23, 2019.
“OMOG JV” means OMOG JV LLC, a Delaware limited liability company.
“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.
“QFC” has the meaning set forth in Section 12.20(b)(iv).
“QFC Credit Support” has the meaning set forth in Section 12.20.
“Qualified Professional Asset Manager” has the meaning set forth in Section 12.19(a)(iii).
“Specified Joint Venture” means a joint venture specified in writing by the Borrower to the Administrative Agent, and disclosed in writing by the Administrative Agent to the Lenders as of October 17, 2019.
“Supported QFC” has the meaning set forth in Section 12.20.

2

        

“U.S. Special Resolution Regimes” has the meaning set forth in Section 12.20.
“Wink to Webster” means Wink to Webster Pipeline LLC, a Delaware limited liability company.
(c)    The definition of “Debt” is hereby amended by deleting from clause (iii) of the last sentence thereof the words “if, at the time such agreement is made, the Investment contemplated thereby could have been made pursuant to Section 9.05”.
2.2    Amendments to Section 9.05.
(a)    Section 9.05(k) is hereby amended by replacing the reference therein to “$150,000,000” with “$300,000,000”.
(b)    Section 9.05(n) is hereby amended and restated in its entirety as follows:
(n)    Investments in EPIC, Gray Oak, Wink to Webster, OMOG JV and the Specified Joint Venture, subject to (i) both prior to and after giving pro forma effect thereto, (A) no Default or Event of Default has occurred and is continuing, (B) the Consolidated Total Leverage Ratio does not exceed 4.50 to 1.00, and (C) Availability is not less than 10.0% of the total Commitments and (ii) the Credit Parties pledging the Equity Interests in EPIC, Gray Oak, Wink to Webster, OMOG JV and the Specified Joint Venture that such applicable Credit Parties acquire to the extent permitted by the applicable organizational documents of EPIC, Gray Oak, Wink to Webster, OMOG JV and the Specified Joint Venture.
(c)    A new subsection (q) is hereby added immediately after subsection (p) therein to read in its entirety as follows:
(q)    Investments in Wink to Webster and OMOG JV made prior to the First Amendment Effective Date.
2.3     Amendments to Article XII.  
(a)    A new Section 12.19 is hereby added immediately after Section 12.18 therein to read in its entirety as follows:
Section 12.19    Certain ERISA Matters.
(a)    Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the other Agents and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any Guarantor, that at least one of the following is and will be true:

3

        

(i)    such Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments;
(ii)    the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement; or
(iii)    (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement; or
(iv)    such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.
(b)    In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the other Agents and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any Guarantor, that none of the Administrative Agent, the other Agents nor any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, or administration and performance of the Loans, the Letters of Credit, the 

4

        

Commitments, and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any other Loan Document or any documents related hereto or thereto).
(b)    A new Section 12.20 is hereby added immediately after Section 12.19 therein to read in its entirety as follows:
Section 12.20    Acknowledgment Regarding Any Supported QFCs.  To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Swap Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):
(a)    In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.
(b)    As used in this Section 12.20, the following terms have the following meanings:

5

        

(i)    “BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.
(ii)    “Covered Entity” means any of the following:  (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).
(iii)    “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.
(iv)    “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).
Section 3.    Amendment to GSA. In reliance on the representations, warranties, covenants, and agreements contained in this Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, Section 4.05(b) the GSA is hereby amended, effective as of the Amendment Effective Date, by deleting the word “Upon” at the start of the second sentence thereof, and replacing it with the words “Except as set forth on Schedule 5, upon”.  
Section 4.    Designation of Unrestricted Subsidiary.  The Borrower and the Parent have informed the Administrative Agent that on October 1, 2019, Rattler OMOG, a wholly-owned Restricted Subsidiary of the Borrower and a Guarantor, acquired a majority of the Equity Interests of OMOG JV LLC, a Delaware limited liability company (the “Designated Entity”).  In reliance on the representations, warranties, covenants, and agreements contained in this Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, and solely if the Designated Entity now or at any time hereafter constitutes a Subsidiary under the Credit Agreement, effective as of the Amendment Effective Date, (a) the Borrower hereby designates the Designated Entity as an Unrestricted Subsidiary and (b) the parties hereto hereby consent to the designation of the Designated Entity as an Unrestricted Subsidiary and acknowledge and agree that (i) this Amendment constitutes written notification of such designation for purposes of Section 9.17(b) and (ii) such designation shall not reduce or utilize any amounts otherwise available for Investments pursuant to Section 9.05.
Section 5.    Conditions Precedent.  This Amendment shall become effective on the date (such date, the “Amendment Effective Date”) when each of the following conditions is satisfied (or waived in accordance with Section 12.02 of the Credit Agreement):
5.1    The Administrative Agent shall have received from Lenders constituting Majority Lenders, the Guarantors, and the Borrower, counterparts (in such number as may be requested by the Administrative Agent) of this Amendment signed on behalf of such Person.

6

        

5.2    The Administrative Agent and the Lenders shall have received all fees and other amounts due and payable on or prior to the date hereof, including, to the extent invoiced, reimbursement or payment of all documented out-of-pocket expenses required to be reimbursed or paid by the Borrower under the Credit Agreement.
5.3    No Default shall have occurred and be continuing as of the date hereof, after giving effect to the terms of this Amendment.
The Administrative Agent is hereby authorized and directed to declare this Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 5 or the waiver of such conditions as permitted in Section 12.02 of the Credit Agreement.  Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes.
Section 6.    Miscellaneous.
6.1    Confirmation.  The provisions of the Credit Agreement (as amended by this Amendment) shall remain in full force and effect following the effectiveness of this Amendment.
6.2    Ratification and Affirmation; Representations and Warranties.  Each of the Guarantors and the Borrower hereby (a) ratifies and affirms its obligations under, and acknowledges its continued liability under, each Loan Document to which it is a party and agrees that each Loan Document to which it is a party remains in full force and effect as expressly amended hereby and (b) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this Amendment:
(i)    all of the representations and warranties contained in each Loan Document to which it is a party are true and correct in all material respects (or, if already qualified by materiality, Material Adverse Effect or a similar qualification, true and correct in all respects), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case such representations and warranties shall be true and correct in all material respects (or, if already qualified by materiality, Material Adverse Effect or a similar qualification, true and correct in all respects) as of such specified earlier date;
(ii)    no Default or Event of Default has occurred and is continuing; and
(iii)    no event or events have occurred which individually or in the aggregate could reasonably be expected to have a Material Adverse Effect.
6.3    Counterparts.  This Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of this Amendment by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof.

7

        

6.4    NO ORAL AGREEMENT.  THIS AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT UNWRITTEN ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
6.5    GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
6.6    Payment of Expenses.  To the extent required pursuant to Section 12.03 of the Credit Agreement, the Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable out-of-pocket expenses incurred in connection with this Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees, charges and disbursements of counsel to the Administrative Agent.
6.7    Severability.  Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
6.8    Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
6.9    Loan Document.  This Amendment is a Loan Document.
[SIGNATURES BEGIN NEXT PAGE]

8

        

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first written above.
	
				
	BORROWER:
	 
	RATTLER MIDSTREAM OPERATING LLC

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Teresa L. Dick

	 
	 
	Name:
	Teresa L. Dick

	 
	 
	Title:
	Chief Financial Officer, Executive Vice 
President and Assistant Secretary

	 
	 
	 
	 

	GUARANTORS:
	 
	RATTLER MIDSTREAM LP

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	Rattler Midstream GP LLC, its General Partner

	 
	 
	By:
	/s/ Teresa L. Dick

	 
	 
	Name:
	Teresa L. Dick

	 
	 
	Title:
	Chief Financial Officer, Executive Vice 
President and Assistant Secretary

	 
	 
	 
	 

	 
	 
	TALL CITY TOWERS LLC

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Teresa L. Dick

	 
	 
	Name:
	Teresa L. Dick

	 
	 
	Title:
	Chief Financial Officer, Executive Vice 
President and Assistant Secretary

	 
	 
	 
	 

	 
	 
	RATTLER OMOG LLC

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	Rattler Midstream Operating LLC, its sole member

	 
	 
	By:
	/s/ Teresa L. Dick

	 
	 
	Name:
	Teresa L. Dick

	 
	 
	Title:
	Chief Financial Officer, Executive Vice 
President and Assistant Secretary

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	ADMINISTRATIVE AGENT,
	 
	WELLS FARGO BANK, NATIONAL

	ISSUING BANK AND LENDER:
	 
	ASSOCIATION, as Administrative Agent, Issuing

	 
	 
	Bank and as a Lender

	 
	 
	 
	 

	 
	 
	By:
	/s/ Andrew Ostrov

	 
	 
	Name:
	Andrew Ostrov

	 
	 
	Title:
	Director

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	BANK OF AMERICA, N.A.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Christopher DiBiase

	 
	 
	Name:
	Christopher DiBiase

	 
	 
	Title:
	Director

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Nupur Kumar

	 
	 
	Name:
	Nupur Kumar

	 
	 
	Title:
	Authorized Signatory

	 
	 
	 
	 

	 
	 
	By:
	/s/ Christopher Zybrick

	 
	 
	Name:
	Christopher Zybrick

	 
	 
	Title:
	Authorized Signatory

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	JPMORGAN CHASE BANK, N.A.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ David Morris

	 
	 
	Name:
	David Morris

	 
	 
	Title:
	Authorized Officer

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	CITIBANK, N.A.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Jeff Ard

	 
	 
	Name:
	Jeff Ard

	 
	 
	Title:
	Vice President

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	PNC BANK, NATIONAL ASSOCIATION

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Sandra Salazar

	 
	 
	Name:
	Sandra Salazar

	 
	 
	Title:
	Managing Director

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	BARCLAYS BANK PLC

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Sydney G. Dennis

	 
	 
	Name:
	Sydney G. Dennis

	 
	 
	Title:
	Director

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	CAPITAL ONE, NATIONAL ASSOCIATION

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Monica Pantea

	 
	 
	Name:
	Monica Pantea

	 
	 
	Title:
	Vice President

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	SUNTRUST BANK

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Arize Agumadu

	 
	 
	Name:
	Arize Agumadu

	 
	 
	Title:
	Vice President

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	THE BANK OF NOVA SCOTIA, HOUSTON BRANCH

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Ryan Knape

	 
	 
	Name:
	Ryan Knape

	 
	 
	Title:
	Director

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	U.S. BANK NATIONAL ASSOCIATION

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Nicholas T. Hanford

	 
	 
	Name:
	Nicholas T. Hanford

	 
	 
	Title:
	Vice President

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENT

        

	
				
	LENDERS:
	 
	GOLDMAN SACHS BANK USA, as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Nadia Garcia

	 
	 
	Name:
	Nadia Garcia

	 
	 
	Title:
	Authorized Signatory

SIGNATURE PAGE
FIRST AMENDMENT TO CREDIT AGREEMENTEX-4.1

 Exhibit 4.1 

FIFTH THIRD BANCORP 

TO 
 WILMINGTON TRUST
COMPANY, 
 Trustee 

Ninth Supplemental Indenture 

Dated as of October 28, 2019 

SENIOR DEBT SECURITIES 
  

 TABLE OF CONTENTS 

 

					
	 ARTICLE 1 SCOPE OF NINTH
SUPPLEMENTAL INDENTURE
	  	 	2	 
	 Section 1.1 Scope
	  	 	2	 
		
	 ARTICLE 2 DEFINITIONS
	  	 	2	 
	 Section 2.1 Definitions and Other Provisions of General Application
	  	 	2	 
	 Section 2.2 Other Definitions
	  	 	3	 
		
	 ARTICLE 3 FORM AND TERMS OF
THE NOTES
	  	 	3	 
	 Section 3.1 Form and Dating
	  	 	3	 
	 Section 3.2 Terms of the Senior Notes
	  	 	3	 
		
	 ARTICLE 4 SUPPLEMENTAL INDENTURES
	  	 	10	 
	 Section 4.1 Supplemental Indentures
	  	 	10	 
		
	 ARTICLE 5 MISCELLANEOUS
	  	 	10	 
	 Section 5.1 Trust Indenture Act of 1939
	  	 	10	 
	 Section 5.2 Governing Law
	  	 	10	 
	 Section 5.3 Duplicate Originals
	  	 	10	 
	 Section 5.4 Legal Holidays
	  	 	10	 
	 Section 5.5 Separability
	  	 	10	 
	 Section 5.6 Ratification
	  	 	10	 
	 Section 5.7 Effectiveness
	  	 	11	 
	 Section 5.8 Successors
	  	 	11	 
	 Section 5.9 Trustee’s Disclaimer
	  	 	11	 
		
	 EXHIBIT A
	  	 	A-1	 

  

  
 i 

 NINTH SUPPLEMENTAL INDENTURE 

NINTH SUPPLEMENTAL INDENTURE (this “Ninth Supplemental Indenture”), dated as of October 28, 2019 between
FIFTH THIRD BANCORP, a corporation duly organized and existing under the laws of the State of Ohio (the “Company”), having its principal office at Fifth Third Center, 38 Fountain Square Plaza, Cincinnati, Ohio and Wilmington Trust
Company, a trust company duly organized and existing under the laws of the State of Delaware, as trustee (the “Trustee”). 

RECITALS OF THE COMPANY 

WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of April 30, 2008 (the
“Base Indenture” and as supplemented by this Ninth Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of its unsecured debentures, notes or other evidences of
indebtedness (the “Securities”); 
 WHEREAS, Sections 201, 301 and 901 of the Base Indenture provide
that the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental to the Indenture, without the consent of any Holders, to, among other things, establish
the terms of Securities of any series as permitted by the Indenture; 
 WHEREAS, the issuance and sale of
$750,000,000 aggregate principal amount of a new series of the Securities of the Company designated as its 2.375% Senior Notes due 2025 (the “Senior Notes” or the “Notes”) have been authorized by resolutions adopted
by the board of directors of the Company; 
 WHEREAS, the Company desires to issue and sell $750,000,000 aggregate
principal amount of the Senior Notes as of the date hereof; 
 WHEREAS, the Company desires to establish the terms of
the Notes; 
 WHEREAS, all things necessary to make this Ninth Supplemental Indenture a legal and binding supplement
to the Base Indenture in accordance with its terms and the terms of the Base Indenture have been done; 
 WHEREAS,
the Company has complied with all conditions precedent provided for in the Base Indenture relating to this Ninth Supplemental Indenture; and 

WHEREAS, the Company has requested that the Trustee execute and deliver this Ninth Supplemental Indenture. 

NOW, THEREFORE: 

For and in consideration of the premises stated herein 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 the Holders of the Notes, as follows: 

 ARTICLE 1 

Scope of Ninth Supplemental Indenture 

Section 1.1 Scope. This Ninth Supplemental Indenture constitutes a supplement to the Base Indenture and an integral part of the
Indenture and shall be read together with the Base Indenture as though all the provisions thereof are contained in one instrument. Except as expressly amended by the Ninth Supplemental Indenture, the terms and provisions of the Base Indenture shall
remain in full force and effect. Notwithstanding the foregoing, this Ninth Supplemental Indenture shall only apply to the Notes. 

ARTICLE 2 
 Definitions

 Section 2.1 Definitions and Other Provisions of General Application. For all purposes of this Ninth
Supplemental Indenture unless otherwise specified herein: 
  

	 	(a)	 all terms used in this Ninth Supplemental Indenture which are not otherwise defined herein shall have the
meanings they are given in the Base Indenture; 

  

	 	(b)	 the provisions of general application stated in Sections 102 through 112 of the Base Indenture shall apply
to this Ninth Supplemental Indenture, except that the words “herein,” “hereof,” “hereto” and “hereunder” and other words of similar import refer to this Ninth Supplemental Indenture
as a whole and not to the Base Indenture or any particular Article, Section or other subdivision of the Base Indenture or this Ninth Supplemental Indenture; 

  

	 	(c)	 Section 101 of the Base Indenture is amended and supplemented, solely with respect to the Notes, by
inserting the following additional defined term in its appropriate alphabetical position: 

“Issue Date” means October 28, 2019. 

 

	 	(d)	 Section 101 of the Base Indenture is amended and supplemented, solely with respect to the Notes, by
replacing the corresponding defined terms in the Base Indenture with the following defined terms: 

“Applicable Procedures” means, with respect to any transfer, transaction or other action involving a Global
Security or any beneficial interest therein, the rules and procedures of the Depositary for such Security, in each case to the extent applicable to such transfer, transaction or other action as in effect from time to time. 

“Business Day” means any day that is not a Saturday or Sunday, and that is not a day on which banking
institutions in the City of New York are authorized or obligated by law, regulation or executive order to close.

  
 2 

 “Business Day Convention” means if any Interest
Payment Date, redemption date or the maturity date of the Notes falls on a day which is not a Business Day, the related payment of principal of, or interest on, the Notes will be made on the next day which is a Business Day with the same force and
effect as if made on the date such payment was due, and no interest shall accrue on the amount payable for the period from and after such Interest Payment Date, redemption date or maturity date, as the case may be. 

“Corporate Trust Office” for administration of this Indenture means the corporate trust office of the
Trustee located at Rodney Square North, 1100 N. Market Street, Wilmington, DE 19890-0001, Attention: Fifth Third Bancorp Administrator, or such other office, designated by the Trustee by written notice to the Company, at which at any particular time
its corporate trust business shall be administered. 
 Section 2.2 Other Definitions. Each of the following terms is
defined in the section set forth opposite such term: 
  

			
	                TERM	 	                SECTION
		
	 “Dodd-Frank Act”
	 	 Section 3.2(q)

		
	 “SIPA”
	 	 Section 3.2(q)

 ARTICLE 3 

Form and Terms of the Notes 

Section 3.1 Form and Dating. 
  

	 	(a)	 The Notes shall be substantially in the form of Exhibit A attached hereto. The Notes shall be
executed on behalf of the Company by its Chairman of the Board, its Vice Chairman of the Board, its President or one of its Vice Presidents, attested by its Secretary or one of its Assistant Secretaries. The Notes may have a legend or legends or
endorsements as may be required to comply with any law or with any rules of any securities exchange or usage. The Notes shall be dated the date of their authentication. 

 

	 	(b)	 The terms contained in the Notes shall constitute, and are hereby expressly made, a part of the Indenture as
supplemented by this Ninth Supplemental Indenture and the Company and the Trustee, by their execution and delivery of this Ninth Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

Section 3.2 Terms of the Senior Notes. The following terms relating to the Notes are hereby established:  

  
 3 

	 	(a)	 Title. The Notes shall constitute a series of Securities having the title “Fifth Third Bancorp
2.375% Senior Notes due 2025” and the CUSIP number 316773CY4. 

  

	 	(b)	 Principal Amount. The aggregate principal amount of the Notes that may be authenticated and delivered
under the Indenture, as amended hereby, shall be $750,000,000 on the Issue Date. Provided that no Event of Default has occurred and is continuing with respect to the Notes, the Company may, without notice to or the consent of the Holders, create and
issue additional Securities having the same terms as (except as described below), and ranking equally and ratably with, the Notes in all respects and so that such additional Securities will be consolidated and form a single series with, and have the
same terms as to status, redemption or otherwise as, the Notes initially issued, except for the issue date, the issue price and the initial Interest Payment Date, provided that if such additional Securities are not fungible with the Notes for U.S.
federal income tax purposes, such additional Securities will be issued with a separate CUSIP number. 

  

	 	(c)	 Person to Whom Interest is Payable. Interest payable, and punctually paid or duly provided for, on
any Interest Payment Date will be paid to the Person in whose name the Notes are registered at the close of business on the Regular Record Date for such interest, which shall be January 13 or July 13 (whether or not a Business Day), as the
case may be, next preceding such Interest Payment Date. 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 the
Note 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 Notes of this series not less than 10 days prior to such Special
Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed and upon such notice as may be required by such exchange, as provided for in the Base
Indenture. 

  

	 	(d)	 Maturity Date. The entire outstanding principal of the Notes shall be payable on January 28, 2025.

  

	 	(e)	 Interest. The rate at which the Notes shall bear interest shall be 2.375% per annum; the date from
which interest shall accrue on the Notes shall be October 28, 2019 or the most recent Interest Payment Date to which interest has been paid or duly provided for; and the Interest Payment Dates for the Notes shall be January 28 and July 28 of each
year, beginning January 28, 2020. 

  

	 	(f)	 Place of Payment of Principal and Interest. Payment of the principal of (and premium, if any) and
interest on the Notes will be made at the office or agency of the Company maintained for that purpose in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts;
provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. The Company shall

  
 4 

	 	 
make, or cause the Paying Agent to make, all payments of principal and interest on Global Securities in immediately available funds to the Depositary or its nominee, in accordance with Applicable
Procedures. 

  

	 	(g)	 Redemption. 

 

	 	(i)	 The Notes will be redeemable at the Company’s option, in whole or in part, at any time or from time to
time, on or after April 25, 2020, and prior to the Applicable Par Call Date (as defined below), in each case at a redemption price, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date, equal to the greater
of: 

  

	 	a.	 100% of the aggregate principal amount of the Notes being redeemed on that redemption date; and

  

	 	b.	 the sum of the present values of the remaining scheduled payments of principal and interest on the Notes
being redeemed that would be due if the Notes to be redeemed matured on the Applicable Par Call Date (not including any portion of such payments of interest accrued to the redemption date) discounted to the redemption date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus the Applicable Spread for the Notes to be redeemed. The Trustee
(including in its capacity as Paying Agent), shall have no responsibility to calculate any amounts in this Section 3.2(g)(b) and shall be entitled to conclusively rely upon calculation thereof as provided by the Company to the Trustee and
Paying Agent. 

  

	 	(ii)	 On and after the Applicable Par Call Date, the Notes will be redeemable, in whole or in part, at any time
and from time to time, at the Company’s option at a redemption price equal to 100% of the aggregate principal amount of the Notes being redeemed, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date. The
principal amount of any note remaining outstanding after redemption in part shall be minimum denominations of $2,000 or any integral multiple of $1,000 in excess thereof. 

 

	 	(iii)	 If the Company redeems Notes at its option, then (a) notwithstanding the foregoing, installments of
interest on the Notes that are due and payable on any interest payment date falling on or prior to a redemption date for the Notes will be payable on that interest payment date to the registered holders thereof as of the close of business on the
relevant record date according to the terms of the Notes and the Indenture and (b) the redemption price will, if applicable, be calculated on the basis of a 360-day year consisting of twelve 30-day months. 

  

	 	(iv)	 For the purposes of this Section, the terms below are defined as follows: 

“Applicable Par Call Date” means December 29, 2024. 

  
 5 

 “Applicable Spread” means fifteen (15) basis points. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker
as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed (assuming the Notes matured on the Applicable Par Call Date) that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to such remaining term. 

“Comparable Treasury Price” means, with respect to any redemption date for Notes to be redeemed, (A) if the
Independent Investment Banker obtains four or more applicable Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer Quotations after excluding the highest and lowest of such applicable Reference Treasury Dealer
Quotations or (B) if the Independent Investment Banker obtains fewer than four applicable Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer Quotations. 

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company to act as the
“Independent Investment Banker.” 
 “Reference Treasury Dealers” mean, with respect to the Notes offered
hereby, (A) RBC Capital Markets, LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC (or their respective affiliates which are Primary Treasury Dealers (as defined below)), and their
respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary
Treasury Dealer; and (B) any other Primary Treasury Dealer(s) selected by us. 
 “Reference Treasury Dealer
Quotation” means, with respect to each Reference Treasury Dealer and any redemption date for Notes to be redeemed, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue
for the Notes to be redeemed on such redemption date (expressed in each case as a percentage of its aggregate principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m. (New York City
time) on the third business day preceding such redemption date. As used in the preceding sentence, “business day” means any day (other than a Saturday or Sunday) on which banking institutions in The City of New York are not authorized or
obligated by law or executive order to remain closed. 
 “Treasury Rate” means, with respect to any redemption
date applicable to the Notes, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue for the Notes to be redeemed on such redemption date, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its aggregate principal amount) equal to the applicable Comparable Treasury Price for such redemption date. 

  
 6 

	 	(v)	 If the Company elects to redeem the Notes (in whole or in part), it must (A) notify the Trustee of the
intended redemption date and provide a draft notice with respect to the potential redemption at least 5 Business Days prior to the date on which it intends to provide notice, or if requested, have the Trustee provide notice, of such redemption to
Holders (unless a shorter period is satisfactory to the Trustee) and (B) deliver to the Trustee the final notice to be sent to Holders and an Officers’ Certificate with respect to the Company’s election to redeem the Notes (in whole
or in part) on the date on which the Company provides notice. If fewer than all of the Notes are being redeemed, the Trustee will select the Notes to be redeemed by lot, pro rata or by any other method the Trustee in its sole discretion deems fair
and appropriate, and in the case of any Global Security, in accordance with the Applicable Procedures, in minimum denominations of $2,000 or any integral multiples of $1,000 in excess thereof. The Trustee will notify the Company promptly of the
Notes or portions of Notes to be called for redemption. Notice of redemption must be sent by the Company or at the Company’s request, by the Trustee by first class mail or, with respect to any Global Security, the Applicable Procedures, in the
name and at the expense of the Company, to Holders whose Notes are to be redeemed at least 10 days but not more than 60 days before the redemption date. 

  

	 	(vi)	 The notice of redemption will identify the Notes to be redeemed and will include or state the following:

  

	 	a.	 the redemption date; 

 

	 	b.	 the redemption price, including the portion thereof representing any accrued interest;

  

	 	c.	 the place or places where Notes are to be surrendered for redemption; 

 

	 	d.	 Notes called for redemption must be so surrendered in order to collect the redemption price;

  

	 	e.	 on the redemption date the redemption price will become due and payable on Notes called for redemption, and
interest on Notes called for redemption will cease to accrue on and after the redemption date; 

  

	 	f.	 if any Note is redeemed in part, on and after the redemption date, upon surrender of such Note, new Notes
equal in principal amount to the unredeemed portion will be issued; and 

  

	 	g.	 if any Note contains a CUSIP, ISIN, or CINS number, no representation is being made as to the correctness of
the CUSIP, ISIN, or CINS number either as printed on the Notes or as 

  
 7 

	 	 
contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. 

 

	 	(vii)	 Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the
redemption price on the redemption date, and upon surrender of the Notes called for redemption, the Company shall redeem such Notes at the redemption price. Unless the Company defaults in the payment of the redemption price, commencing on the
redemption date Notes redeemed will cease to accrue interest. Upon surrender of any Note redeemed in part, the Holder will receive a new Note equal in principal amount to the unredeemed portion of the surrendered Note. The principal amount after
redemption in part shall be in minimum denominations of $2,000 or any integral multiple of $1,000 in excess thereof. 

  

	 	(h)	 Sinking Fund. There shall be no sinking fund for the Notes. 

 

	 	(i)	 Denomination. The Notes and any beneficial interest in the Notes shall be in minimum
denominations of $2,000 or any integral multiples of $1,000 in excess thereof. 

  

	 	(j)	 Index. Payment of interest on the Notes will not be determined with reference to any index or
formula. 

  

	 	(k)	 Currency of the Notes. The Notes shall be denominated, and payment of principal and interest of the
Notes shall be payable in, the currency of the United States of America. 

  

	 	(l)	 Currency of Payment. The principal of and interest on the Notes shall be payable in the
currency of the United States of America. 

  

	 	(m)	 Acceleration. 100% of the principal amount of the Notes shall be payable upon acceleration
(whether automatic or by declaration) of the maturity thereof. 

  

	 	(n)	 [Reserved.] 

  

	 	(o)	 Defeasance. Article 13 of the Base Indenture shall apply to the Notes. 

 

	 	(p)	 Registered Form. The Notes shall be issuable as registered Global Securities, and the depositary for
the Notes shall be the Depository Trust Company, a New York Corporation (“DTC”), or any successor depositary appointed by the Company within 90 days of the termination of services of DTC (or any successor to DTC). Sections 204 and 305 of
the Base Indenture shall apply to the Notes. 

  

	 	(q)	 Events of Default. The Events of Default provided for in Section 501 of the Base Indenture shall
apply to the Notes, provided that the text of clauses (6) and (7) of Section 501 shall be substituted with the following: 

  
 8 

 “(6) (A) the entry by a court having jurisdiction in
the premises of (i) a decree or order for relief in respect of the Company or any Principal Subsidiary Bank in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law,
(ii) a decree or order adjudging the Company or any Principal Subsidiary Bank bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company or any
Principal Subsidiary Bank under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or any Principal Subsidiary Bank or of any substantial
part of its property, or ordering the winding up or liquidation of its affairs, and, in the case of each of (A)(i) and (ii), 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, (B) the appointment of the Federal Deposit Insurance Corporation as receiver or conservator of any Principal Subsidiary Bank or any substantial part of the property of the Company or any Principal Subsidiary Bank
pursuant to the Federal Deposit Insurance Act, as amended, or (C) the appointment of the Federal Deposit Insurance Corporation, the Securities Investment Protection Corporation, other Federal or State agency or other person as receiver or
trustee of the Company or any Principal Subsidiary Bank or of any substantial part of the property of the Company or any Principal Subsidiary Bank pursuant to Title II of the Dodd-Frank Act or SIPA; or 

(7) the commencement by the Company or any Principal Subsidiary Bank of a voluntary case or proceeding under
any applicable Federal or State bankruptcy, insolvency, reorganization or other similar 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 or any Principal Subsidiary Bank in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar 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 or relief under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking
possession by a custodian, receiver, liquidator, conservator, assignee, trustee, sequestrator or other similar official of the Company or any Principal Subsidiary Bank or of any substantial part of its property, including pursuant to the Federal
Deposit Insurance Act or SIPA, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company or
any Principal Subsidiary Bank in furtherance of any such action; or” 
  

	 	(r)	 Covenants. The covenants set forth in Article 10 of the Base Indenture shall apply to the Notes.

  
 9 

	 	(s)	 Additional Terms. Other terms applicable to the Notes are as otherwise provided for in the
Base Indenture, as supplemented by this Ninth Supplemental Indenture. 

  

	 	(t)	 Day Count Convention. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 

ARTICLE 4 
 Supplemental
Indentures 
 Section 4.1 Supplemental Indentures. The following paragraph shall be added to the
end of Section 901 of the Base Indenture and shall only apply to the Notes: 
 Notwithstanding the foregoing, without
the consent of any Holder of Securities, the Company and the Trustee may amend or supplement the Indenture or the Securities to conform the terms of the Indenture and the Securities to the description of the Securities in the prospectus supplement
dated October 23, 2019 relating to the offering of the Securities. 
 ARTICLE 5 

Miscellaneous 

Section 5.1 Trust Indenture Act of 1939. This Ninth Supplemental Indenture shall incorporate and be
governed by the provisions of the Trust Indenture Act that are required to be part of and to govern indentures qualified under the Trust Indenture Act. 

Section 5.2 Governing Law. The laws of the State of New York shall govern this Ninth Supplemental
Indenture and the Notes. 
 Section 5.3 Duplicate Originals. The parties may sign any number of
copies of this Ninth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

Section 5.4 Legal Holidays. Section 113 of the Base Indenture shall be deleted and shall be of no
effect with respect to the Notes. The Business Day Convention shall apply. 
 Section 5.5
Separability. In case any provision in this Ninth Supplemental Indenture or the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby. 
 Section 5.6 Ratification. The Base Indenture, as supplemented and
amended by this Ninth Supplemental Indenture, is in all respects ratified and confirmed. The Base Indenture and this Ninth Supplemental Indenture shall be read, taken and construed as one and the same instrument. All provisions included in this
Ninth Supplemental Indenture supersede any conflicting provisions included in the Base Indenture unless not permitted by law. The Trustee accepts the trusts created by the Base Indenture, as supplemented by this Ninth Supplemental Indenture, and
agrees to perform the same upon the terms and conditions of the Base Indenture, as supplemented by this Ninth Supplemental Indenture. 

  
 10 

 Section 5.7 Effectiveness. The provisions of this
Ninth Supplemental Indenture shall become effective as of the date hereof. 
 Section 5.8
Successors. All agreements of the Company in this Ninth Supplemental Indenture shall bind its successors. All agreements of the Trustee in this Ninth Supplemental Indenture shall bind its successors. 

Section 5.9 Trustee’s Disclaimer. The recitals contained herein shall be taken as the statements of the Company and the
Trustee assumes no responsibility for their correctness. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Ninth Supplemental Indenture, the Notes, or for or in respect of the
recitals contained herein, all of which recitals are made solely by the Company. 
 [Remainder of page intentionally left blank.] 

  
 11 

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

			
	FIFTH THIRD BANCORP
	as the Company
		
	By:	 	 /s/ Tayfun Tuzun

	Name: 	 	Tayfun Tuzun
	Title:	 	 Executive Vice President and
 Chief Financial
Officer

  

			
	Attest:	 	
		
	By:	 	 /s/ H. Samuel Lind

	Name:	 	H. Samuel Lind
	Title:	 	Senior Vice President,
		 	Associate General Counsel,
		 	and Assistant Secretary

  
 [Signature Page to
Ninth Supplemental Indenture] 
  
 12 

 
			
	WILMINGTON TRUST COMPANY
	as Trustee
		
	By:	 	 /s/ Michael H. Wass

	Name: 	 	 Michael H. Wass

	Title:	 	 Vice President

  
 [Signature Page to
Ninth Supplemental Indenture] 
  
 13 

 EXHIBIT A 

[FORM OF NOTE] 

  
 A-1 

 CUSIP No. 316773CY4 

ISIN: US316773CY45 
 THIS SECURITY IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS
SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

BY ITS ACQUISITION AND HOLDING OF THIS NOTE, THE HOLDER HEREOF (OR ANY INTEREST THEREIN) SHALL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT IT IS NOT, AND
IS NOT ACTING ON BEHALF OF, AND NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS NOTE CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS
AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) (EACH A “PLAN”) OR PROVISIONS UNDER ANY
OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE
CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT (ALSO A “PLAN”), OR (2) THE ACQUISITION AND HOLDING OF THIS NOTE WILL NOT CONSTITUTE A NON-EXEMPT
PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 
 ADDITIONALLY, BY
ITS ACQUISITION OF THIS NOTE IN THE INITIAL OFFERING, A HOLDER HEREOF THAT IS A PLAN (THE “PLAN FIDUCIARY”) SHALL BE DEEMED TO HAVE REPRESENTED AND WARRANTED AT ALL TIMES NEITHER FIFTH THIRD BANCORP, THE UNDERWRITERS, NOR ANY OF THEIR
RESPECTIVE AFFILIATES HAS PROVIDED OR WILL PROVIDE IMPARTIAL INVESTMENT ADVICE OR GIVE ADVICE IN A FIDUCIARY CAPACITY WITH RESPECT TO THE PURCHASER OR TRANSFEREE’S DECISION TO ACQUIRE, HOLD, SELL, EXCHANGE, VOTE OR PROVIDE ANY CONSENT WITH
RESPECT TO THE NOTES BY THE ERISA PLAN’S FIDUCIARY (WITHIN THE MEANING OF ERISA OR THE CODE). 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO FIFTH THIRD BANCORP OR ITS AGENT FOR REGISTRATION OF TRANSFER, 

  
 A-2 

 
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. 
 FIFTH THIRD BANCORP 

2.375% Senior Notes due 2025 
 THIS
SECURITY IS NOT A DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE DEPOSIT INSURANCE FUND OR ANY OTHER GOVERNMENTAL AGENCY, NOR IS IT AN OBLIGATION OF, OR GUARANTEED BY, A BANK. 

 

					
	 No. 1
	  	$	500,000,000	 

 Fifth Third Bancorp, a corporation duly organized and existing under the laws of Ohio (herein called the
“Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of Five Hundred Million
Dollars ($500,000,000) on January 28, 2025 (the “Maturity Date”), and to pay interest thereon from October 28, 2019 (the “Original Issue Date”) or from the most recent Interest Payment Date to which interest has
been paid or duly provided for, semi-annually on January 28 and July 28 each year, commencing January 28, 2020, at the rate of 2.375% per annum, until the principal hereof is paid or made available for payment,
provided that any principal and premium, and any such installment of interest, which is overdue shall bear interest at the rate of 2.375% per annum (to the extent that the payment of such interest shall be legally enforceable), from the dates
such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such
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 January 13 or July 13 (whether
or not a Business Day), as the case may be, next preceding such Interest Payment Date. “Business Day” means any day that is not a Saturday or Sunday, and that is not a day on which banking institutions in the City of New York are
authorized or obligated by law, regulation or executive order to close. 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 of this series not less than 10 days prior to such Special Record Date, or 

  
 A-3 

 
be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may
be required by such exchange, all as more fully provided in said Indenture. 
 Payment of the principal of (and premium, if any) and interest
on this Security will be made at the office or agency of the Company maintained for that purpose in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts;
provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. The Company shall make, or cause
the Paying Agent to make, all payments of principal and interest on Global Securities in immediately available funds to the Depositary or its nominee, in accordance with Applicable Procedures. 

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 by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-4 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

							
	 Dated: October 28, 2019
	 		 	FIFTH THIRD BANCORP
				
		 		 	By:	 	
                     
                                         
   

		 		 		 	Tayfun Tuzun
		 		 		 	Executive Vice President and Chief Financial Officer

  

					
	Attest:
		
	By:	 	
                     
                    

		 	Name:	 	H. Samuel Lind
		 	Title:	 	Senior Vice President,
Associate General Counsel
and Assistant Secretary

 [Signature Page to Note] 

  
 A-5 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the Indenture referred to hereinafter. 

 

							
	 Dated: October 28, 2019
	 		 	WILMINGTON TRUST COMPANY, as Trustee
				
		 		 	By:	 	
                     
                    

		 		 		 	Authorized Officer

  
 A-6 

 [Reverse of Security] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities” or
“Notes”), issued and to be issued in one or more series under an Indenture, dated as of April 30, 2008 (herein called the “Base Indenture”, which term shall have the meaning assigned to it in such instrument),
between the Company and Wilmington Trust Company, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture) as supplemented by a Ninth Supplemental Indenture, dated as of
October 28, 2019, between the Company and the Trustee (herein called the “Ninth Supplemental Indenture” and together with the Base Indenture, the “Indenture”), and reference is hereby made to the
Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated
and delivered. This Security is one of the series designated on the face hereof. The Company may, without notice to or the consent of any Holder, issue additional Securities having the same ranking, interest rate, maturity and other terms as the
Securities of this series except for the issue date, the issue price and the initial Interest Payment Date, provided that if such additional Securities are not fungible with this Security for U.S. federal income tax purposes, such additional
Securities will be issued with a separate CUSIP number. Any such additional Securities may be considered to be part of this series of Securities. The Company may, without notice to or the consent of any Holder, issue or incur Senior Indebtedness.

 The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants
and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 
 If
an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable (or will automatically become due and payable, without declaration or any
other action on the part of the Trustee or any Holder) in the manner and with the effect provided in the Indenture. 
 The Securities will be
redeemable at the Company’s option, in whole or in part, at any time or from time to time, on or after April 25, 2020, and prior to the Applicable Par Call Date (as defined below), in each case at a redemption price, plus accrued and
unpaid interest thereon, if any, to, but excluding, the redemption date, equal to the greater of: 
  

	 	·	 	 100% of the aggregate principal amount of the Securities being redeemed on that redemption date; and

  

	 	·	 	 the sum of the present values of the remaining scheduled payments of principal and interest on the Securities
being redeemed that would be due if the Securities to be redeemed matured on the Applicable Par Call Date (not including any portion of such payments of interest accrued to the redemption date) discounted to the redemption date on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus the Applicable Spread for the Securities to be redeemed. The
Trustee 

  
 A-7 

	 	 
(including in its capacity as Paying Agent), shall have no responsibility to calculate any amounts in this bullet point and shall be entitled to conclusively rely upon calculation thereof as
provided by the Company to the Trustee and Paying Agent. 

 “Applicable Par Call Date” means December 29,
2024. 
 “Applicable Spread” means fifteen (15) basis points. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having an
actual or interpolated maturity comparable to the remaining term of the Securities to be redeemed (assuming the Securities matured on the Applicable Par Call Date) that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to such remaining term. 
 “Comparable
Treasury Price” means, with respect to any redemption date for Securities to be redeemed, (A) if the Independent Investment Banker obtains four or more applicable Reference Treasury Dealer Quotations, the average of all such Reference
Treasury Dealer Quotations after excluding the highest and lowest of such applicable Reference Treasury Dealer Quotations or (B) if the Independent Investment Banker obtains fewer than four applicable Reference Treasury Dealer Quotations, the
average of all such Reference Treasury Dealer Quotations. 
 “Independent Investment Banker” means one of the Reference Treasury
Dealers appointed by the Company to act as the “Independent Investment Banker.” 
 “Reference Treasury Dealers” mean,
with respect to the Securities offered hereby, (A) RBC Capital Markets, LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC (or their respective affiliates which are Primary Treasury Dealers
(as defined below)), and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will
substitute therefor another Primary Treasury Dealer; and (B) any other Primary Treasury Dealer(s) selected by us. 
 “Reference
Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any redemption date for Securities to be redeemed, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the
Comparable Treasury Issue for the Securities to be redeemed on such redemption date (expressed in each case as a percentage of its aggregate principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer
at 5:00 p.m. (New York City time) on the third business day preceding such redemption date. As used in the preceding sentence, “business day” means any day (other than a Saturday or Sunday) on which banking institutions in The City of New
York are not authorized or obligated by law or executive order to remain closed. 

  
 A-8 

 “Treasury Rate” means, with respect to any redemption date applicable to the
Securities, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue for the Securities to be redeemed on such redemption date, assuming a price for the Comparable Treasury Issue (expressed as a
percentage of its aggregate principal amount) equal to the applicable Comparable Treasury Price for such redemption date. 
 On and after the
Applicable Par Call Date, the Securities will be redeemable, in whole or in part, at any time and from time to time, at the Company’s option at a redemption price equal to 100% of the aggregate principal amount of the Securities being redeemed,
plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date. 
 Installments of interest whose Stated Maturity
is on or prior to the Redemption Date will be payable to the Holder of this Security, or one more Predecessor Securities, of record at the close of business on the relevant Record Date, all as provided in the Indenture. 

Notice of redemption will be given by first class mail to Holders of Securities, not less than 10 nor more than 60 days prior to the redemption
date, all as provided in the Ninth Supplemental Indenture. 
 This Security may be redeemed in part only in minimum denominations of $2,000
or any integral multiples of $1,000 in excess thereof. In the event of redemption of this Security in part only, a new Security or Securities for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation
hereof. 
 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 of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the
Holders of all Securities of such series, 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 upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Security. Notwithstanding the foregoing, without the consent of any Holder of Securities, the Company and the Trustee may amend or supplement the Indenture or the Securities to conform to the terms of the Indenture and the
Securities to the description of the Securities in the prospectus supplement dated October 23, 2019 relating to the offering of the Securities. 

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 with respect to the
Securities of this series, the Holders of not less than 25% in principal amount of 

  
 A-9 

 
the Securities of this series at the time Outstanding 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 Securities of this series at the time Outstanding 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. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or
any premium or interest hereon on or after the respective due dates expressed herein. 
 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 any premium and interest on this Security at the times, place and rate, and in the
coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of
this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable,
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 hereof or his attorney duly authorized in writing, and thereupon one or more new
Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in minimum denominations of $2,000 or any integral multiples
of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested by the Holder surrendering the same. 
 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 cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment 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 hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

  
 A-10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00301-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00301-of-00352.parquet"}]]