Document:

Letter Amendment

 Exhibit 10.3 
 November 3, 2009 
 MasTec, Inc. and the other 
 Borrowers and Guarantors referred to below 
 800
Douglas Road, North Tower, 12th Floor 
 Coral Gables, Florida 33134 
 Attention: Chief Executive Officer 
  

	 	Re:	Consent to Precision Acquisition, Acknowledgment of Precision Convertible Notes Issuance and Amendments to Loan Agreement 

 Ladies and Gentlemen: 
 We refer
to the Second Amended and Restated Loan and Security Agreement dated July 29, 2008 (as at any time amended, restated, modified or supplemented, the “Loan Agreement”), by and among MasTec, Inc., a Florida corporation
(“MasTec”), certain of the Subsidiaries of MasTec which are identified on the signature pages hereto (together with MasTec, collectively, “Borrowers”), the financial institutions party thereto from time to time (the
“Lenders”) and Bank of America, N.A., as administrative agent for the Lenders (the “Agent”). All capitalized terms used in this consent letter, unless otherwise defined herein, shall have the meanings ascribed to
such terms in the Loan Agreement. 
 Borrowers have advised the Agent and the Lenders that Precision Acquisition, LLC, a
Wisconsin limited liability company and a wholly-owned Subsidiary of MasTec (“Precision Holdco”), has entered into that certain Membership Interest Purchase Agreement dated November     , 2009 (the
“Purchase Agreement”), among Precision Holdco; MasTec; Precision Pipeline LLC, a Wisconsin limited liability company (“Precision Pipeline”); Precision Transport Company, LLC, a Wisconsin limited liability company
(“Precision Transport”); Steven R. Rooney, an individual resident of the State of Wisconsin (“Steven Rooney”); Michael Dan Murphy, an individual resident of the State of Wisconsin (“Dan Murphy”);
PPL Management, Inc., a Wisconsin corporation (“PPL”; Steven Rooney, Dan Murphy and PPL are collectively referred to herein as “Sellers” and individually as “Seller”), and the other parties thereto,
pursuant to which Precision Holdco has agreed to purchase from Sellers and Sellers have agreed to sell to Precision Holdco all of the issued and outstanding membership interests of each of Prevision Pipeline and Precision Transport. The foregoing
transaction is hereinafter referred to as the “Precision Acquisition”. 
 Borrowers have further advised the
Agent and Lenders that, prior to or concurrently with the consummation of the Precision Acquisition, and in order to finance a portion of the Purchase Price thereof, MasTec intends to issue, either through a public offering or a private placement,
new convertible notes in the original principal amount of up to $100,000,000, but not less than $75,000,000, pursuant to a second supplemental indenture to the existing New Convertible Notes Indenture. 
 Borrowers acknowledge that pursuant to Section 10.2.13 of the Loan Agreement, Precision Holdco and MasTec may not consummate the
Precision Acquisition unless such Acquisition constitutes a Permitted Acquisition under the Loan Agreement. Borrowers have represented to the Agent and the Lenders that, with the exception of (i) the amount of the Purchase Price, and
(ii) MasTec’s request that the Debt incurred by Borrowers to finance the Precision Acquisition not be required to constitute Subordinated Debt payable to the Sellers, the Precision Acquisition will constitute a Permitted Acquisition under
the Loan Agreement. 

 Notwithstanding (i) the fact that the Purchase Price of the Precision Acquisition
exceeds the amount permitted under the Loan Agreement, and (ii) MasTec’s request that the Debt used to finance the Precision Acquisition not constitute Subordinated Debt payable to the Sellers, Borrowers and Guarantors have requested that
the Agent and the Lenders acknowledge and consent to the Precision Acquisition as a Permitted Acquisition under the Loan Agreement. 
 Borrowers acknowledge that, pursuant to Section 10.2.3 of the Loan Agreement, Borrowers may not create, incur, assume, guarantee or suffer to exist any Debt, except for, among other exceptions, unsecured Debt to the extent that
(i) such Debt is not scheduled to amortize or mature prior to the last day of the Term, and (ii) the aggregate amount of such Debt, together with all other Debt of MasTec, does not exceed the maximum aggregate amount of Debt that any of
the Obligors are permitted to incur under the Indenture or the New Convertible Notes Indenture. 
 The Agent and the Lenders are
willing to acknowledge and consent to the Precision Acquisition as a Permitted Acquisition, and to acknowledge the incurrence of Debt by Borrowers under the proposed convertible notes, in each case subject to the terms and conditions set forth
herein. 
 The parties also desire to amend the Loan Agreement, subject to the terms and conditions set forth herein.

 NOW, THEREFORE, for the sum of TEN DOLLARS ($10.00) in hand paid and other good and valuable consideration, the receipt and
sufficiency of which are hereby severally acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
 1. Acknowledgment of and Consent to Precision Acquisition as a Permitted Acquisition. At the request of Borrowers, the Agent and the Lenders hereby acknowledge and consent to the Precision Acquisition as a Permitted
Acquisition, so long as the following conditions have been satisfied in form and substance satisfactory to the Agent on the date of the closing of the Precision Acquisition (which closing date shall be no later than December 16, 2009):

 (i) Borrowers shall have satisfied all of the conditions to a Permitted Acquisition set forth in the Loan Agreement other
than the Purchase Price requirement set forth in clauses (c) and (g) of the definition of “Permitted Acquisition”; 
 (ii) The Purchase Price of the Precision Acquisition shall not exceed $170,000,000 (excluding any earn-out payments due Sellers after the date hereof), which Purchase Price shall consist of (A) up to $150,000,000 in cash, and
(B) the assumption or guaranty of certain existing equipment loans of up to $20,000,000 in the aggregate, provided that any existing equipment loans assumed in excess of $20,000,000 will accordingly reduce the cash portion of the Purchase Price
on a dollar-for-dollar basis; 
 (iii) Borrowers shall have delivered to the Agent a duly executed Certificate Regarding
Permitted Acquisition, in the form attached as Exhibit A hereto, together with all attachments thereto and other documents referenced therein and required to be delivered in connection therewith, including, without limitation, the Purchase
Agreement, all exhibits and schedules thereto, and each employment agreement entered into by Steven Rooney or Dan Murphy with Precision Pipeline in connection with the Precision Acquisition; 

 (iv) The Precision Acquisition shall be in compliance with the provisions of all Applicable
Law (including, without limitation, the Hart Scott Rodino Antitrust Improvements Act of 1976, as amended); 
 (v) MasTec shall
have certified to the Agent in writing that the issuance of the proposed convertible notes in connection with the Precision Acquisition, and the incurrence of the Debt thereunder, are permitted under and do not violate the provisions of the
Indenture or the New Convertible Notes Indenture, or cause to exist a default thereunder; 
 (vi) (A) The Agent shall have
received a true, complete and correct copy of the executed indenture pursuant to which the proposed convertible notes are to be issued, the final terms of which are satisfactory to Agent and Lenders, (B) the proposed convertible notes shall at
all times remain unsecured, and (C) the provisions regarding the restrictions on, and priorities of, “Indebtedness” and “Liens” contained in such indenture and notes are effective to permit the Loan Agreement, the
Obligations thereunder, and Agent’s Liens securing the Obligations (and without limiting the generality of the foregoing, there shall be no restriction on the principal amount of indebtedness of the “Credit Facility” (or the
equivalent term defined in the proposed convertible notes indenture)); and 
 (vii) Borrowers and Guarantors shall have duly
executed and delivered this consent and letter amendment and agreed to the amendments to the Loan Agreement set forth herein; and 
 (viii) The Precision Acquisition shall have occurred and each of Precision Pipeline and Precision Transport shall have delivered the agreements, documents and instruments required by Agent in order for Precision Pipeline and Precision
Transport to be joined as Borrowers under the Loan Agreement. 
 2. Amendments to Loan Agreement. In connection
with the proposed Precision Acquisition, the parties hereto hereby agree to amend the Loan Agreement as follows; provided, that with the exception of the amendment to the Loan Agreement in clause (a) of this Section 2 below,
which shall be effective on the date of this letter agreement, all amendments to the Loan Agreement set forth in this Section 2 shall only be effective upon the satisfaction of the conditions (i) through (viii) set forth in
Section 1 above: 
 (a) By deleting the pricing grid set forth in the definition of “Applicable Margin” contained
in Section 1.1 of the Loan Agreement, and by substituting in lieu thereof the following new pricing grid: 
  

									
	 Level
	  	 Leverage Ratio
	  	Applicable
LIBOR Margin	 	 	Applicable Base
Rate Margin	 
	I	  	3 4.00 to 1.00	  	3.00	% 	 	1.75	% 
				
	II	  	 £ 3.00 to l.00 but
 < 4.00 to 1.00
	  	2.75	% 	 	1.50	% 
				
	III	  	 3 2.00 to l.00 but
 < 3.00 to 1.00
	  	2.50	% 	 	1.25	% 
				
	IV	  	 3 1.50 to l.00 but
 < 2.00 to 1.00
	  	2.25	% 	 	1.25	% 

  

 (b) By deleting clause (b) of the definition of “Change of Control” contained
in Section 1.1 of the Loan Agreement, and by substituting in lieu thereof the following 
 (b) any “Change of
Control,” “Change in Control” or similar event or circumstance, however defined or designated, under the Indenture (as in effect on the date of this Agreement), or any “Change of Control”, “Change in Control”,
“Fundamental Change” or similar event or circumstance, however defined or designated, under the New Convertible Notes or New Convertible Notes Indenture or under the Precision Convertible Notes or the Precision Convertible Notes Indenture
(each as in effect on the effective date thereof) shall occur. 
 (c) By adding the following new definitions of “Precision
Convertible Notes”, “Precision Convertible Notes Indenture” and “Precision Multiemployer Plan” to Section 1.1 of the Loan Agreement, in proper alphabetical sequence: 
 Precision Convertible Notes - MasTec’s Senior Convertible Notes having a maturity of not sooner than five
(5) years from the issuance date thereof in the original principal amount of up to $100,000,000, but not less than $75,000,000, issued pursuant to the Precision Convertible Notes Indenture, on or before November 30, 2009, on an unsecured
basis and otherwise on terms satisfactory to Agent and Lenders. 
 Precision Convertible Notes Indenture
- the supplemental indenture to the New Convertible Notes Indenture among MasTec, its Subsidiaries and U.S. Bank, National Association, as Trustee, governing the Precision Convertible Notes. 
 Precision Multiemployer Plans - with respect to Precision Pipeline as a contributing employer, the Pipeline Industry
Pension Fund, the Laborers National Pension Fund, and the Central Pension Fund, and any other Multiemployer Plan to which Precision Pipeline is or was required to contribute to on or before November     , 2009, provided,
that each of such Plans is one under which substantially all of the employees with respect to whom Precision Pipeline has an obligation to contribute perform work in the building and construction industry, within the meaning of the exemptions
to the withdrawal liability rules under ERISA that are applicable to employers in the building and construction industry; and provided, further, that each of such Plans (and Borrowers’ liability thereunder) is and remains in
compliance with, and does not at any time result in a breach or default under, any other provisions of this Agreement. 

 (d) By deleting the definition of “Refinancing Conditions” contained in
Section 1.1 of the Loan Agreement in its entirety, and by substituting in lieu thereof the following: 
 Refinancing Conditions - the following conditions, each of which must be satisfied before Refinancing Debt shall be permitted under Section 10.2.3 of this Agreement: (i) the Refinancing Debt is in an aggregate
principal amount that does not exceed the aggregate principal amount of the Debt being extended, renewed or refinanced (or in the case of each of (A) the Indenture and Senior Notes, (B) the New Convertible Notes Indenture and the New
Convertible Notes, and (C) the Precision Convertible Notes Indenture and the Precision Convertible Notes, the original principal amount of the Senior Notes, the New Convertible Notes and the Precision Convertible Notes, as applicable),
(ii) the Refinancing Debt has a later or equal final maturity and a longer or equal weighted average life than the Debt being extended, renewed or refinanced, (iii) the Refinancing Debt does not bear a rate of interest that exceeds a
market rate (as determined in good faith by a Senior Officer) as of the date of such extension, renewal or refinancing, (iv) if the Debt being extended, renewed or refinanced is subordinate to the Obligations, the Refinancing Debt is
subordinated to the same extent, (v) the covenants contained in any instrument or agreement relating to the Refinancing Debt are no less favorable to Obligors than those relating to the Debt being extended, renewed or refinanced, and
(vi) at the time of and after giving effect to such extension, renewal or refinancing, no Default or Event of Default shall exist. 
 (e) By deleting subclause (z) of Section 2.1.3 of the Loan Agreement in its entirety, and by substituting in lieu thereof the following new subclause (z): 
 (z) to defease, redeem or refinance any of the Senior Notes, the New Convertible Notes or the Precision Convertible Notes.

 (f) By deleting Section 10.1.13 of the Loan Agreement in its entirety, and by substituting in lieu thereof the
following new Section 10.1.13: 
 10.1.13. Compliance with Indenture, New Convertible Notes
Indenture and Precision Convertible Notes. Comply with the terms and provisions of (a) the Indenture and the Senior Notes, (b) the New Convertible Notes Indenture and the New Convertible Notes and (c) the Precision Convertible
Notes Indenture and the Precision Convertible Notes. 
 (g) By deleting subclause (ii) of Section 10.2.3 of the
Loan Agreement in its entirety, and by substituting in lieu thereof the following new subclause (ii): 
 (ii)
each of the Senior Notes, the New Convertible Notes and the Precision Convertible Notes; 

 (h) By deleting the final paragraph of Section 10.2.3 of the Loan Agreement, and
by substituting in lieu thereof the following new final paragraph: 
 None of the provisions of this
Section 10.2.3 that authorize any Obligor to incur any Debt shall be deemed to (A) override, modify or waive any of the provisions of Section 10.3, which shall constitute an independent and separate covenant and
obligation of each Borrower, or (B) permit any Obligor to incur any Debt in violation of any provision of the Indenture, the New Convertible Notes Indenture, or the Precision Convertible Notes Indenture. 
 (i) By deleting Section 10.2.23 of the Loan Agreement in its entirety, and by substituting in lieu thereof the following new
Section 10.2.23: 
 10.2.23. Multiemployer Plans. Become, or permit any Subsidiary to become
a party to a Multiemployer Plan other than the Precision Multiemployer Plans. 
 (j) By deleting Section 10.2.24 of
the Loan Agreement in its entirety, and by substituting in lieu thereof the following new Section 10.2.24: 
 10.2.24. Amendments to Other Agreements. Amend the interest rate or principal amount or schedule of payments of principal and interest with respect to any Debt (other than the Obligations), or any dividend rate or redemption schedule
applicable to any preferred stock of an Obligor, other than to reduce the interest or dividend rate or to extend any such schedule of payments or redemption schedule, or amend or cause or permit to be amended in any material respect, or in any
respect that may be adverse to the interests of Agent or Lenders, (i) the Indenture or any other agreement at any time governing or evidencing Subordinated Debt, (ii) the New Convertible Notes Indenture or any other agreement at any time
governing or evidencing the New Convertible Notes, (iii) the Precision Convertible Notes Indenture or any other agreement at any time governing or evidencing the Precision Convertible Notes, or (iv) the general indemnity agreement between
any Obligor and any surety that has issued any outstanding surety bonds for the account of such Obligor or any related intercreditor agreement. 
 (k) By deleting Section 12.1.6 of the Loan Agreement in its entirety, and by substituting in lieu thereof the following new Section 12.1.6: 
 12.1.6 Other Defaults. There shall occur any default or event of default on the part of any Obligor or any Subsidiary
under (i) the Indenture, (ii) the New Convertible Notes Indenture, (iii) the Precision Convertible Notes Indenture, or (iv) under any other agreement, document or instrument to which such Obligor or such Subsidiary is a party or
by which such Obligor or such Subsidiary or any of their respective Properties is bound, creating or relating to any Debt (other than the Obligations) in excess of $2,500,000, in each case under this clause (iv) if the payment or maturity
of such Debt may be accelerated in consequence of such default or event of default or demand for payment of such Debt may be made. 

 3. Inclusion of Assets in Borrowing Base. Borrowers hereby acknowledge and
agree that, notwithstanding any provision of the Loan Agreement to the contrary, in connection with the Precision Acquisition, no Accounts or Equipment acquired pursuant to the Precision Acquisition shall be included in the Borrowing Base prior to
Agent’s review and satisfaction with such appraisals, commercial finance exams and other assessments of such Accounts and related Inventory, Equipment and Real Estate as the Agent has requested, which appraisals, exams and other assessments
shall be provided at Borrowers’ sole expense. 
 4. Consent Fees; Expenses of Agent. In consideration
of Agent’s and Lenders’ willingness to enter into this consent and letter amendment, the Borrowers hereby jointly and severally agree to pay to Agent, for the Pro Rata benefit of the Lenders that are signatories to this consent and letter
amendment, a nonrefundable fee in the amount of $262,500 in immediately available funds on the date hereof which shall be fully earned on such date. Additionally, to induce Agent and Lenders to enter into this consent and letter amendment and grant
the accommodations set forth herein, Borrowers hereby jointly and severally agree to pay, on the date hereof any other fee required by Agent individually, and on demand, all costs and expenses incurred by Agent in connection with the
preparation, negotiation and execution of this consent and letter amendment and any other Loan Documents executed pursuant hereto and any and all amendments, modifications, and supplements thereto, including, without limitation, the costs and fees
of Agent’s legal counsel and any taxes or expenses associated with or incurred in connection with any instrument or agreement referred to herein or contemplated hereby. 
 5. Additional Inducements. To induce the Agent and the Lenders to enter into this consent and letter amendment and consent to
or acknowledge Borrowers’ requests set forth above, by their signatures below, each Borrower hereby represents and warrants to the Agent and the Lenders that (a) the Precision Acquisition does not or will not conflict with, result in a
breach of, or constitute a default under any material provision of any indenture, agreement or other instrument to which any Borrower is a party or by which any Borrower or any of its properties are or may be bound; and (b) no Default or Event
of Default exists on the date hereof or will result from the consummation of the Precision Acquisition. 
 6.
Miscellaneous. The consents, amendments and agreements set forth herein shall be effective, subject to the foregoing conditions, when the Agent receives five (5) counterparts of this consent and letter amendment, duly executed by
each Borrower and the Lenders. The consents, amendments and acknowledgments herein are limited as written and do not constitute consents, amendments, acknowledgments, waivers or releases by the Agent or any Lender of any provision of the Loan
Agreement or any right of the Agent or any Lender thereunder, except as expressly set forth herein. This consent and letter amendment shall be part of the Loan Agreement and a breach of any representation, warranty or covenant herein shall
constitute an Event of Default. Nothing herein shall be construed to be an admission by Borrowers that the Agent’s and the Lenders’ consent or acknowledgment is required with respect to future acquisitions constituting Permitted
Acquisitions under the Loan Agreement. To the fullest extent permitted by Applicable Law, the parties hereto each hereby waives the right to trial by jury in any action, suit, counterclaim or proceeding arising out of or related to this consent
and letter amendment. 
 [Remainder of page intentionally left blank.] 

 This consent and letter amendment shall be governed by and construed in accordance with the
internal laws of the State of Georgia and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. This consent and letter amendment may be executed in any number of counterparts and by
different parties to this consent and letter amendment on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute one and the same amendment. Any signature page counterpart
delivered by a party by facsimile or electronic transmission shall be deemed to be an original signature page counterpart hereto. 
  

					
	 Very truly yours,

	
	 BANK OF AMERICA, N.A.,
 as Agent and a Lender

		
	By:	 	 /s/ Dennis S. Losin

		 	Name:	 	 Dennis S. Losin

		 	Title:	 	 Senior Vice President

 [Signatures continue on following page.] 

					
	 GENERAL ELECTRIC CAPITAL CORPORATION, as a Lender

		
	 By:
	 	 /s/ Brian Miner

		 	 Name:
	 	 Brian Miner

		 	 Title:
	 	 Duly Authorized Signatory

 [Signatures continue on following page.] 

					
	 PNC BANK, NATIONAL ASSOCIATION,
 as a Lender

		
	 By:
	 	 /s/ Jay Stein

		 	 Name:
	 	 Jay Stein

		 	 Title:
	 	 Vice President

 [Signatures continue on following page.] 

					
	 SIEMENS FINANCIAL SERVICES, INC.,
 as a Lender

		
	By:	 	 /s/ Uri Sky

		 	Name:	 	 Uri Sky

		 	Title:	 	 VP Credit

		
	By:	 	 /s/ Jennifer Humphrey

		 	Name:	 	 Jennifer Humphrey

		 	Title:	 	 Vice President, Operations

 [Signatures continue on following page.] 

			
	   BORROWERS:

	
	 MASTEC, INC.

		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

	
	 MASTEC CONTRACTING COMPANY, INC.

		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

	
	 MASTEC SERVICES COMPANY, INC.

		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

	
	 MASTEC NORTH AMERICA, INC.

		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

	
	 CHURCH & TOWER, INC.

		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

	
	 POWER PARTNERS MASTEC, LLC

		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

	
	 GLOBETEC CONSTRUCTION, LLC

		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

 [Signatures continue on following page.] 

					
	THREE PHASE LINE CONSTRUCTION, INC.
		
	By:	 	 /s/ Peter Johnson

	Name:	 	 Peter Johnson

	Title:	 	 President

	
	PUMPCO, INC.
		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

	
	NSORO MASTEC, LLC
		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

	
	WANZEK CONSTRUCTION, INC.
		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

	
	MASTEC RESIDENTIAL SERVICES, LLC
		 	 By:
	 	MasTec North America, Inc.,
		 		 	its sole Member
		
	By:	 	 /s/ C. Robert Campbell

	Name:	 	 C. Robert Campbell

	Title:	 	 EVP & CFO

 [Signatures continue on following page.] 

					
	 GUARANTORS:

		
		 	 PHASECOM SYSTEMS INC.

			
		 	By:	 	 /s/ C. Robert Campbell

		 	Name:	 	 C. Robert Campbell

		 	Title:	 	 EVP & CFO

		
		 	 INTEGRAL POWER & TELECOMMUNICATIONS
 CORPORATION, LTD.

			
		 	By:	 	 /s/ C. Robert Campbell

		 	Name:	 	 C. Robert Campbell

		 	Title:	 	 EVP & CFO

		
		 	 MASTEC NORTH AMERICA AC, LLC

			
		 	By:	 	 /s/ C. Robert Campbell

		 	Name:	 	 C. Robert Campbell

		 	Title:	 	 EVP & CFO

		
		 	 THREE PHASE ACQUISITION CORP.

			
		 	By:	 	 /s/ C. Robert Campbell

		 	Name:	 	 C. Robert Campbell

		 	Title:	 	 EVP & CFOThird Supplemental Indenture, dated November 10, 2009

 Exhibit 4.1 
  
  
 THIRD SUPPLEMENTAL INDENTURE 
 between 
 REGIONS FINANCIAL CORPORATION 
 AND 
 DEUTSCHE BANK TRUST COMPANY AMERICAS 
 DATED AS OF NOVEMBER 10, 2009 
 Third Supplement to Indenture dated as of August 8, 2005 
 (Senior Debt
Securities) 
  
  

 THIRD SUPPLEMENTAL INDENTURE, dated as of November 10, 2009 (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 August 8, 2005 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), providing for the issuance by the Company from time to time of its senior debt
securities; 
 WHEREAS, the Base Indenture has been amended and supplemented by that certain Supplemental Indenture, dated as of
August 8, 2005, and that certain Second Supplemental Indenture, dated as of June 26, 2007; 
 WHEREAS,
Section 901 of the Base 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 Base Indenture, the form and substance of such Securities and terms, provisions and conditions thereof to be set forth as provided in the 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 Opinion of Counsel and Officers’ Certificate pursuant to Section 903 of the Base Indenture; 
 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, legal and binding 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, legal and
binding 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 execution and delivery of this Supplemental Indenture has been duly authorized in all respects. 
  

 1 

 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 Base Indenture, the Company
hereby creates a series of its senior debt securities designated as the “7.75% Senior Notes due 2014” (the “Notes”), which Notes shall be deemed “Securities” for all purposes under the Indenture. 
 Section 1.2 Form and Denomination of Notes. The definitive form of 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. The Stated Maturity of the Notes shall be
November 10, 2014. The Notes shall be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 Section 1.3 Initial Limit on Amount of Series. The Notes shall initially be limited to U.S.$700,000,000 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. Following the initial issuance of the Notes, the
aggregate principal amount of Notes may be increased as provided in Section 1.9. 
 Section 1.4 Rank. The Notes
are unsecured and shall rank equally among themselves and with all of the Company’s other unsecured and unsubordinated indebtedness. 
 Section 1.5 No Redemption or Sinking Fund. No sinking fund will be provided with respect to the Notes. The Notes are not subject to redemption at the option of the Company or repayment at the
option of any Holder prior to Stated Maturity. 
 Section 1.6 Notes Not Convertible or Exchangeable. The Notes will
not be convertible or exchangeable for other securities or property. 
  

 2 

 Section 1.7 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 1.8 No Additional Amounts; No Make-Whole Amounts. No Additional Amounts or Make-Whole Amounts shall be payable with respect to the Notes. 
 Section 1.9 Further Issuances. The Company may, without consent of the Holders of the Notes but in compliance with the terms of the Indenture, 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. No additional Notes shall be issued at any time that there is an Event of
Default under the Indenture with respect to the Notes that has occurred and is continuing. 
 Section 1.10 Remedies.

 (a) Notwithstanding Section 501(4) and 502 of the Base Indenture, an Event of Default with respect to the Notes under
Section 501(4) related to a breach of the covenant contained in clause (x) of the second paragraph of Section 1009 of the Base Indenture shall not permit acceleration of the Notes under Section 502. 
 (b) Pursuant to Section 501(8) of the Base Indenture, an Event of Default with respect to the Notes shall also mean either of the
following events: (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. 
 Section 1.11 Modifications Without Consent of Holders. Solely for
the benefit of the Notes, Section 901 of the Base Indenture is hereby amended to add the following subsection (13): 
 (13)
to the extent not otherwise inconsistent with the Indenture, to conform the terms of the Notes or the Indenture with the description set forth in the prospectus supplement relating to the Notes. 
  

 3 

 ARTICLE TWO 
 APPOINTMENT OF THE TRUSTEE FOR THE NOTES 
 Section 2.1 Appointment
of Trustee; Acceptance by Trustee. Pursuant and subject to the Indenture, the Company hereby appoints Deutsche Bank Trust Company Americas as trustee to act on behalf of the Holders of the Notes. By execution, acknowledgement and delivery of
this Supplemental Indenture, the Trustee hereby accepts appointment as trustee with respect to the Notes, and agrees to perform the duties and obligations of the Trustee with respect to the Notes upon the terms and conditions set forth in the
Indenture. 
 Section 2.2 Rights, Powers, Duties and Obligations of the Trustee. Any rights, powers, duties and
obligations by any provisions of the Indenture conferred or imposed upon the Trustee shall, insofar as permitted by law, be conferred or imposed upon and exercised or performed by the Trustee with respect to the Notes. 
 Section 2.3 Rights in the Indenture Applicable to Trustee. Deutsche Bank Trust Company Americas, in its capacity as Trustee,
shall be afforded all of the rights, powers, immunities and indemnities of the Trustee as set forth in Article VI of the Base Indenture as if such rights, powers, immunities and indemnities were specifically set forth herein. 
 Section 2.4 Security Registrar; Paying Agent. The Company appoints Deutsche Bank Trust Company Americas as Security Registrar
and Paying Agent with respect to the Notes. 
 ARTICLE THREE 
 DEFEASANCE 
 Section 3.1 Defeasance Applicable
to Notes. Pursuant to Section 301(19) and Section 1401 of the Base Indenture, provision is hereby made for both (i) defeasance of the Notes under Section 1402 of the Base Indenture and (ii) covenant defeasance of the
Notes under Section 1403, in each case, upon the terms and conditions contained in Article Fourteen of the Base Indenture. For purposes of such defeasance or covenant defeasance, the term “Government Obligations” shall not include
obligations referred to in the definition of such term in the Base Indenture which are not obligations of the United States or a Person controlled or supervised by and acting as an agency or an instrumentality thereof. 
  

 4 

 ARTICLE FOUR 
 MISCELLANEOUS 
 Section 4.1 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 Base Indenture shall apply only to the Notes created hereby and not to any future series
of Securities established under the Base Indenture. 
 Section 4.2 Benefits of this 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, and the Holders, any benefit or any legal or equitable right, remedy or claim under the Base Indenture or this Supplemental Indenture. 
 Section 4.3 Modification of the Base Indenture. Except as expressly provided by this Supplemental Indenture, the provisions of the Base Indenture shall govern the terms and conditions of the
Notes. 
 Section 4.4 Defined Terms. 
 (i) “Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions in The City of New York are authorized or required by
law, regulation or executive order to close. 
 (ii) All capitalized terms which are used herein and not otherwise defined herein
are defined in the Base Indenture and are used herein with the same meanings as in the Base Indenture. 
 Section 4.5
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 4.6 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. 
 Section 4.7 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 4.8 Effect of Headings. The Article and Section headings in this Supplemental Indenture are for
convenience only and shall not affect the construction hereof. 
 Section 4.9 Separability Clause. In case any
provision in this Supplemental Indenture or in 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. 
  

 5 

 Section 4.10 Satisfaction and Discharge. The Company shall be deemed to have
satisfied all of its obligations under this Supplemental Indenture upon compliance with the provisions of Section 1402 of the Indenture relating to defeasance of the Notes, to the extent set forth in Section 1401. 
 Section 4.11 Ratification of the Base Indenture. The Base 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 4.12 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] 
  

 6 

 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/ Michael D. Smithy

		 	Name:    Michael D. Smithy
		 	Title:      Treasurer and Executive Vice President

  

			
	Attest:	 	 /s/ Carl L. Gorday

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

  

			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

	By:	 	Deutsche Bank National Trust Company
		
	By:	 	 /s/ Kenneth R. Ring

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

		 	Name:    David Contino
		 	Title:      Vice President

  

 7 

 EXHIBIT A 
 FORM OF FACE OF 7.75% SENIOR NOTES DUE 2014 
 THE FOLLOWING LEGEND SHALL APPEAR ON THE FACE
OF EACH GLOBAL SECURITY: 
 THIS NOTE 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 NOTE IS NOT GUARANTEED UNDER THE FEDERAL DEPOSIT INSURANCE CORPORATION’S TEMPORARY LIQUIDITY GUARANTEE PROGRAM.

 THIS NOTE IS A SECURITY IN GLOBAL FORM (“GLOBAL SECURITY”) WITHIN THE MEANING OF 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 NOTES 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 
 7.75% SENIOR NOTES DUE 2014 
  

							
	No.             	  		  		  	U.S.$                

 CUSIP NO. 7591EP AF7 
 ISIN NO. US7591EPAF73 
 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
            , or its registered assigns, the principal sum of             dollars (U.S
$            ) [IF A GLOBAL SECURITY INSERT:, as revised by the Schedule of Adjustments attached hereto,] on November 10, 2014 and all accrued and unpaid interest thereon on
November 10, 2014, 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 November 10, 2009, 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 May 10 and November 10 in each year (each an “Interest Payment Date”), commencing May 10, 2010 at the rate of 7.75% 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
7.75% 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 Note (or one or more Predecessor Securities) is registered at the close of
business on the immediately preceding April 27 or October 27 as the case may be, of each year (whether or not a Business Day) (each such date, a “Regular Record Date”). Interest on the Outstanding Notes 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 Note (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
Notes 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 Note 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

  

 A-2 

 
America as at the time of payment is legal tender for the payment of public and private debts, by Dollar check drawn on, or transfer to, a Dollar account. Payments of interest on this Note 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. 
 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 Note 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 Note 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 Note to be duly executed and delivered under its
corporate seal. 
 [Signature Page Follows] 
  

 A-3 

					
	REGIONS FINANCIAL CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

					
	[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 NOTE] 
 This Note is one of a duly authorized issue of senior debt securities of the Company designated as its “7.75% Senior Notes due
2014” (the “Notes”), initially limited in aggregate principal amount to U.S. $700,000,000, issued and to be issued under an Indenture, dated as of August 8, 2005 (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), as amended and supplemented by the Third Supplemental Indenture, dated as of November 10, 2009
between the Company and the Trustee (the “Supplemental Indenture”; the Base Indenture, as amended and 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 and the Holders of the Notes and of the terms upon which the Notes are, and are to be,
authenticated and delivered. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of any authorized denominations as requested by the Holder
surrendering the same upon surrender of the Note or Notes to be exchanged, at the Corporate Trust Office of the Trustee. The Trustee upon such surrender by the Holder will issue the new Notes in the requested denominations. 
 No sinking fund is provided for the Notes. The Notes are not subject to redemption at the option of the Company or repayment at the option
of the Holder prior to the Stated Maturity of the Notes. 
 The Notes are unsecured and rank equally among themselves and with
all of the Company’s other unsecured and unsubordinated indebtedness. 
 The Notes are issuable only in registered form
without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 The Company may, without
consent of the holders of the Notes, increase the principal amount of the Notes by issuing additional securities in the future on the same terms and conditions as the Notes, 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 Notes. The Notes and any additional Notes 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 Note at any Place of
Payment, as the case may be, is not a Business Day, then payment of principal or 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. 
 If an Event of
Default (other than an Event of Default under Section 501(4) of the Base Indenture relating to a breach of the covenant contained in clause (x) of the second

  

 A-5 

 
paragraph of Section 1009 of the Base Indenture) shall occur and be continuing, the principal of all the Notes, together with accrued interest to the date of declaration, may be declared due
and payable in the manner and with the effect provided in the Indenture. 
 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 Notes 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 Notes at the time Outstanding. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Notes at the time Outstanding, on behalf
of the Holders of all the Notes, 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 Note shall be
conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued in exchange herefor or in lieu hereof whether or not notation of such consent or waiver is made upon this Note or such other Note. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Note 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 Notes 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 Notes 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 any Holder of this Note for the enforcement of any payment of principal of or interest on this Note or after the respective due dates expressed herein. 
 No reference herein to the Indenture and no provision of this Note 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 on this Note at the times, places and rate, and in the coin or currency, herein prescribed. 
 The Notes will be subject to defeasance and covenant defeasance pursuant to Sections 1402 and 1403 of the Base Indenture. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable on the Security Register upon surrender of this Note 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 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

  

 A-6 

 
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 Security 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 Note 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 of or interest on this Note 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 Note, 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 NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 All capitalized terms used in this Note 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 Note, 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 Note 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 Note)

  

	*	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 

 [IF NOTE IS A GLOBAL SECURITY, INSERT AS A SEPARATE PAGE— 
 Schedule A 
 SCHEDULE
OF ADJUSTMENTS 
 Initial Principal Amount: U.S.$ 
  

									
	 Date
 adjustment
 made
	 	 Principal
 amount
 increase
	 	 Principal
 amount
 decrease
	 	 Principal
 amount
 following
 adjustment
	 	 Notation made
 on behalf of the
 Security Registrar

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

 A-9

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