Document:

Form of Indemnification Agreement

 Exhibit 10.22 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement, dated as of
            ,             , is made by and between Forestar Group Inc., a Delaware corporation (the “Company”),
and             , an officer of the Company (the “Indemnitee”). 
 RECITALS 
 A. The Company seeks to attract and retain competent and
experienced persons to serve as officers and wishes to protect such individuals by providing comprehensive liability insurance and indemnification, due to exposure to litigation costs and risks resulting from their service to and on behalf of the
Company; 
 B. The statutes and judicial decisions regarding the duties of officers are often difficult to apply, ambiguous, or
conflicting, and therefore fail to provide such officers with adequate, reliable knowledge of legal risks to which they are exposed or information regarding the proper course of action to take; 

C. Plaintiffs may seek damages in amounts which, coupled with the costs of litigation (whether or not the case is meritorious), cause the
defense and/or settlement of such litigation to exceed the personal resources of officers and directors; 
 D. The Company
believes that it is unfair for its officers and the officers of its subsidiaries to assume the risk of huge judgments and other expenses that may occur in cases in which the officer received no personal profit and in cases where the officer was not
culpable; 
 E. The Company recognizes that the issues in controversy in litigation against an officer of a corporation such as
the Company or a subsidiary of the Company are often related to the knowledge, motives and intent of such officer, that he or she is usually the only witness with knowledge of the essential facts and exculpating circumstances regarding such matters
and that the long period of time that usually elapses before the trial or other disposition of such litigation often extends beyond the normal time that the officer can reasonably recall such matters; and may extend beyond the normal time for
retirement for such officer with the result that he or she, after retirement or in the event of his or her death, his or her spouse, heirs, executors or administrators, may be faced with limited ability and undue hardship in maintaining an adequate
defense, which may discourage such an officer from serving in that position; 
 F. Based upon their experience as business
managers, the Board of Directors of the Company (the “Board”) has concluded that, to retain and attract talented and experienced individuals to serve as officers of the Company and its subsidiaries and to encourage such individuals
to take the business risks necessary for the success of the Company and its subsidiaries, it is desirable for the Company to contractually indemnify its officers against expenses and damages in connection with claims against such officers in
connection with their service to the Company and its subsidiaries, and has further concluded that the failure to provide such contractual indemnification could result in great harm to the Company and its subsidiaries and the Company’s
stockholders; 

  
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 G. Section 145 of the General Corporation Law of Delaware, under which the Company is
organized (“Section 145”), empowers the Company to indemnify its officers, directors, employees and agents by agreement and to indemnify persons who serve, at the request of the Company, as the directors, officers, employees or
agents of other corporations or enterprises, and expressly provides that the indemnification provided by Section 145 is not exclusive; 
 H. The Company, after reasonable investigation prior to the date hereof, has determined that the liability insurance coverage available to the Company and its subsidiaries as of the date hereof may be
inadequate and/or unreasonably expensive. The Company believes, therefore, that the interests of the Company’s stockholders would best be served by a combination of such insurance as the Company may obtain, or request a subsidiary to obtain,
pursuant to the Company’s obligations hereunder and the indemnification by the Company of its officers; 
 I. The Company
desires and has requested the Indemnitee to serve or continue to serve as an officer of the Company and/or one or more subsidiaries of the Company free from undue concern for claims for damages arising out of or related to such services to the
Company and/or one or more subsidiaries of the Company; 
 J. The Indemnitee is willing to serve, or to continue to serve, the
Company and/or one or more subsidiaries of the Company, provided that he or she is furnished the indemnity provided for herein; and 
 K. This Agreement is not a substitute for, nor does it diminish or abrogate any rights of the Indemnitee under, the Company’s Certificate of Incorporation, as amended (the
“Certificate”), and Bylaws, as amended (“Bylaws”), or any resolutions adopted pursuant thereto (including any contractual rights of the Indemnitee that may exist). 

AGREEMENT 

NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows: 

1. Definitions. 
 (a)
Agent. For the purposes of this Agreement, “agent” of the Company means any person who is or was a director, officer, employee or agent of the Company or a subsidiary of the Company; or is or was serving at the request of,
for the convenience of, or to represent the interests of the Company or a subsidiary of the Company as a director, officer, employee or agent of another foreign or domestic corporation, partnership, limited liability company, joint venture, trust or
other enterprise (as defined under Section 145); or was a director, officer, employee or agent of a foreign or domestic corporation or other enterprise which was a predecessor of the Company or a subsidiary of the Company, or was a director,
officer, employee or agent of another foreign or domestic corporation, partnership, limited liability company, joint venture, trust or other enterprise at the request of, for the convenience of, or to represent the interests of such predecessor.

  
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 (b) Expenses. For purposes of this Agreement, “expenses” includes
all direct and indirect costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements, other out-of-pocket costs and reasonable compensation for time spent by the Indemnitee for which he or
she is not otherwise compensated by the Company or any third party) actually and reasonably incurred by the Indemnitee in connection with a proceeding or establishing or enforcing a right to indemnification under this Agreement, the Certificate, the
Bylaws, D&O Insurance, Section 145 or otherwise; provided, however, that expenses shall not include any judgments, fines, ERISA excise taxes or penalties or amounts paid in settlement of a proceeding. 

(c) Proceeding. For the purposes of this Agreement, “proceeding” means any threatened, pending, or completed
action, suit, claim, demand, arbitration, alternative dispute resolution mechanism, investigation, inquiry, administrative hearing, or any other actual, threatened or completed proceeding, including any and all appeals, whether brought by or in the
right of the Company or otherwise, whether civil, criminal, administrative, investigative or any other type whatsoever. 
 (d)
Subsidiary. For purposes of this Agreement, “subsidiary” means any corporation, partnership, limited liability company, or other entity of which more than 50% of the outstanding voting securities or interests is owned
directly or indirectly by the Company, by the Company and one or more other subsidiaries, or by one or more other subsidiaries. 
 2.
Agreement to Serve. The Indemnitee agrees to serve and/or continue to serve as an agent of the Company, at its will (or under separate agreement, if such agreement exists), in the capacity the Indemnitee currently serves as an agent of the
Company, so long as he or she is duly appointed or elected and qualified in accordance with the applicable provisions of the Bylaws or the bylaws of any subsidiary of the Company or until such time as he or she tenders his or her resignation in
writing, provided, however, that nothing contained in this Agreement is intended to create any right to continued employment by the Indemnitee. 

3. Maintenance of Liability Insurance. To the extent the Company maintains an insurance policy or policies providing directors’ and
officers’ liability insurance (“D&O Insurance”), the Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director.

 4. Mandatory Indemnification. The Company shall indemnify the Indemnitee: 

(a) Third Party Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding
(other than an action by or in the right of the Company) by reason of the fact that he or she is or was an agent of the Company, or by reason of anything done or not done by him or her in any such capacity, against any and all expenses and
liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) actually and reasonably incurred by him or her in connection with such proceeding if he or she
acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was
unlawful; and 

  
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 (b) Derivative Actions. If the Indemnitee is a person who was or is a party or is
threatened to be made a party to any proceeding by or in the right of the Company to procure a judgment in its favor by reason of the fact that he or she is or was an agent of the Company, or by reason of anything done or not done by him or her in
any such capacity, against all expenses actually and reasonably incurred by him or her in connection with such proceeding if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of
the Company; except that no indemnification under this subsection shall be made in respect of any claim, issue or matter as to which such person shall have been finally adjudged to be liable to the Company unless and only to the extent that the
Court of Chancery of the State of Delaware or the court in which such proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and
reasonably entitled to indemnity for such amounts which the Court of Chancery of the State of Delaware or such other court shall deem proper; 
 (c) Notwithstanding any other provision in this Agreement, to the extent that the Indemnitee is, by reason of his or her status as an agent of the Company, a witness in any proceeding to which the
Indemnitee is not a party, the Company shall indemnify the Indemnitee against all expenses actually and reasonably paid or incurred by the Indemnitee on his or her behalf in connection therewith; and 

(d) Notwithstanding the foregoing, the Company shall not be obligated to indemnify the Indemnitee for expenses or liabilities of any type
whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) which have been paid directly to the Indemnitee by or under the terms of D&O Insurance. 

5. Partial Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a
portion of any expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) incurred by him or her in a proceeding but not entitled, however, to
indemnification for all of the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for such total amount except as to the portion thereof to which the Indemnitee is not entitled to indemnification. 

6. Mandatory Advancement of Expenses. Subject to Section 11(a) below, the Company, if requested by the Indemnitee, shall advance, to
the fullest extent permitted by law, all expenses incurred by the Indemnitee in connection with any proceeding to which the Indemnitee is a party or is threatened to be made a party by reason of the fact that the Indemnitee is or was an agent of the
Company. The Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall ultimately be determined pursuant to Section 8 hereof that the Indemnitee is not entitled to be indemnified by the Company
under this Agreement, the Certificate, the Bylaws, Section 145 or otherwise. The advances to be made hereunder shall be paid by the Company to the Indemnitee within twenty (20) days following delivery of a written request therefor by the
Indemnitee to the Company (which written request shall include, if requested by the Company, reasonable detail underlying the expenses for which the expense advance is requested). 

  
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 7. Notice and Other Indemnification Procedures. 

(a) Promptly after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of any proceedings, the
Indemnitee shall, if the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement or threat of commencement thereof. 

(b) If, at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 7(a) hereof, the
Company has D&O Insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all
necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policies. 

(c) In the event the Company shall be obligated to pay the expenses of any proceedings against the Indemnitee, the Company, if
appropriate, shall be entitled to assume the defense of such proceedings, with counsel approved by the Indemnitee (which approval shall not be unreasonably withheld), upon the delivery to the Indemnitee of written notice of the election so to do.
After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the
Indemnitee with respect to the same proceeding, provided that (i) the Indemnitee shall have the right to employ his or her counsel in any such proceeding at the Indemnitee’s expense; and (ii) if (A) the employment of counsel by
the Indemnitee has been previously authorized by the Company, (B) the Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense or (C) the
Company shall not, in fact, continue to employ counsel approved by the Indemnitee to assume the defense of such proceeding, the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company (subject to the limitations set
forth in Section 4). Notwithstanding the above, unless the Indemnitee consents otherwise, the Company shall not be entitled to assume the defense of any proceeding brought by or on behalf of the Company against the Indemnitee or any
proceeding as to which the Indemnitee has reasonably made the conclusion provided in (ii)(B) above. 
 (d) The Company shall not,
without the prior written consent of the Indemnitee, consent to the entry of any judgment against the Indemnitee or enter into any settlement or compromise which (i) includes an admission of fault of the Indemnitee, any non-monetary remedy
imposed on the Indemnitee or a liability for which the Indemnitee is not wholly indemnified hereunder or (ii) with respect to any proceeding with respect to which the Indemnitee may be or is made a party or a participant or may be or is
otherwise entitled to seek indemnification hereunder, does not include, as an unconditional term thereof, the full release of the Indemnitee from all liability in respect of such proceeding, which release will be in form and substance reasonably
satisfactory to the Indemnitee. Neither the Company nor the Indemnitee will unreasonably withhold its consent to any proposed settlement; provided, however, the Indemnitee may withhold consent to any settlement that does not provide a
full and unconditional release of the Indemnitee from all liability in respect of such proceeding. 

  
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 8. Determination of Right to Indemnification. 

(a) To the extent the Indemnitee has been successful on the merits or otherwise in defense of any proceeding referred to in Sections
4(a) or 4(b) of this Agreement or in the defense of any claim, issue or matter described therein, the Company shall indemnify the Indemnitee against expenses actually and reasonably incurred by him or her in connection with such proceeding.

 (b) In the event that Section 8(a) is inapplicable, the Company shall indemnify the Indemnitee pursuant to the
terms hereof unless, and only to the extent that, the Company shall prove by clear and convincing evidence to a forum listed in Section 8(c) below that the Indemnitee has not met the applicable standard of conduct required to entitle the
Indemnitee to such indemnification. 
 (c) The Indemnitee shall be entitled to select the forum in which the validity of the
Company’s claim under Section 8(b) hereof that the Indemnitee is not entitled to indemnification will be heard from among the following: 
 (1) A majority vote of the directors who are not parties to the proceeding for which indemnification is being sought, even though less than a quorum; 

(2) The stockholders of the Company; 
 (3) Legal counsel selected by the Indemnitee, and reasonably approved by the Board, which counsel shall make such determination in a written opinion; or 

(4) A panel of three arbitrators, one of whom is selected by the Company, another of whom is selected by the Indemnitee and the last of
whom is selected by the first two arbitrators so selected. 
 (d) As soon as practicable, and in no event later than 30 days
after written notice of the Indemnitor’s choice of forum pursuant to Section 8(c) above, the Company shall, at its own expense, submit to the selected forum in such manner as the Indemnitee or the Indemnitee’s counsel may
reasonably request, its claim that the Indemnitee is not entitled to indemnification; and the Company shall act in the utmost good faith to assure the Indemnitee a complete opportunity to defend against such claim. 

(e) Notwithstanding a determination by a forum listed in Section 8(c) hereof that the Indemnitee is not entitled to
indemnification with respect to a specific proceeding, the Indemnitee shall have the right to apply to the Court of Chancery of Delaware, the court in which that proceeding is or was pending, or any other court of competent jurisdiction, for the
purpose of enforcing the Indemnitee’s right to indemnification pursuant to this Agreement. In any such proceeding pursuant to this Section 8(e), the Indemnitee shall be presumed to be entitled to indemnification under this Agreement, the
Company shall have the burden of proving the Indemnitee is not entitled to indemnification and the Company may not refer to or introduce evidence of any determination pursuant to Section 8(c) adverse to the Indemnitee for any purpose. If a
determination is made that the Indemnitee is entitled to indemnification pursuant to Section 8(c), the Company shall be bound by such determination in any 

  
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proceeding commenced pursuant to this Section 8(e), absent (i) a misstatement by the Indemnitee of a material fact or an omission of a material fact necessary to make the
Indemnitee’s statements in connection with the request for indemnification not materially misleading or (ii) a prohibition of such indemnification under law. The Company shall be precluded from asserting in any proceeding commenced
pursuant to this Section 8(e) that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such proceeding that the Company is bound by all the provisions of this Agreement.

 (f) Notwithstanding any other provision in this Agreement to the contrary, to the fullest extent permitted by law (i) the
Company shall indemnify the Indemnitee against all expenses incurred by the Indemnitee in connection with any proceeding under this Section 8 involving the Indemnitee and against all expenses incurred by the Indemnitee in connection with
any other proceeding by the Indemnitee involving the interpretation or enforcement of the rights of the Indemnitee under this Agreement or the establishment or enforcement of a right to indemnification under the Certificate, the Bylaws, D&O
Insurance, or any statute or law, including Section 145, and (ii) the Company shall advance such expenses to the Indemnitee as provided in Section 6. 
 (g) All payments of expenses, including any expense advance, and other amounts by the Company to the Indemnitee pursuant to this Agreement shall be made as soon as practicable after a written request or
demand therefor by the Indemnitee is presented to the Company, but in no event later than thirty (30) days after (i) such request or demand is presented or (ii) such later date as a determination of entitlement to indemnification is
made in accordance with Section 8(c), if applicable; provided, that an expense advance shall be made within the time provided in Section 6. 
 9. Limitation of Actions and Release of Claims. No proceeding shall be brought and no cause of action shall be asserted by or on behalf of the Company or any subsidiary against the Indemnitee, his
or her spouse, heirs, estate, executors or administrators after the expiration of one year from the act or omission of the Indemnitee upon which such proceeding is based; however, in a case where the Indemnitee fraudulently conceals the facts
underlying such cause of action, no proceeding shall be brought and no cause action shall be asserted after the expiration of one year from the earlier of (i) the date the Company or any subsidiary of the Company discovers such facts, or
(ii) the date the Company or any subsidiary of the Company could have discovered such facts by the exercise of reasonable diligence. Any claim or cause of action of the Company or any subsidiary of the Company, including claims predicated upon
the negligent act or omission of the Indemnitee, shall be extinguished and deemed released unless asserted by filing of a legal action within such period. This Section 9 shall not apply to any cause of action which has accrued on the
date hereof and of which the Indemnitee is aware on the date hereof, but as to which the Company has no actual knowledge apart from the Indemnitee’s knowledge. 

  
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 10. Contribution by the Company. To the fullest extent permitted by law, if the
indemnification provided for in this Agreement is unavailable to the Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying the Indemnitee, shall contribute to the amount of expenses and liabilities actually and reasonably
incurred or paid by the Indemnitee in connection with any proceeding in proportion to the relative benefits received by the Company and all officers, directors and employees of the Company other than the Indemnitee who are jointly liable with the
Indemnitee (or would be if joined in such proceeding), on the one hand, and the Indemnitee, on the other hand, from the transaction from which such proceeding arose; provided, however, that the proportion
determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers, directors and employees of the Company other than the Indemnitee who
are jointly liable with the Indemnitee (or would be if joined in such proceeding), on the one hand, and the Indemnitee, on the other hand, in connection with the events that resulted in such expenses and liabilities, as well as any other equitable
considerations which applicable law may require to be considered. The relative fault of the Company and all officers, directors and employees of the Company other than the Indemnitee who are jointly liable with the Indemnitee (or would be if joined
in such proceeding), on the one hand, and the Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the degree to
which their liability is primary or secondary, and the degree to which their conduct was active or passive. To the fullest extent permitted by law, the Company shall fully indemnify and hold the Indemnitee harmless from any claims of contribution
which may be brought by other officers, directors or employees of the Company who may be jointly liable with the Indemnitee for any liability or expense arising from a proceeding. 
 11. Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement: 

(a) Claims Initiated by Indemnitee. To indemnify or advance expenses to the Indemnitee with respect to proceedings or claims
initiated or brought voluntarily by the Indemnitee and not by way of defense, except with respect to proceedings brought to establish or enforce a right to indemnification under this Agreement, the Certificate, the Bylaws, D&O Insurance, any
statute or law or otherwise as required under Section 145 as provided in Section 8(f)(i), but such indemnification or advancement of expenses may be provided by the Company in specific cases if the Board finds it to be appropriate;
or 
 (b) Section 16 Short-Swing Profits. To indemnify the Indemnitee under this Agreement for an accounting of
profits made from the purchase and sale (or sale and purchase) by the Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934 or any similar successor statute; 

(c) Lack of Good Faith. To indemnify the Indemnitee for any expenses incurred by the Indemnitee with respect to any proceeding
instituted by the Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that the material assertions made by the Indemnitee in such proceeding when taken as a whole were not made in good faith or were
frivolous; or 

  
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 (d) Unauthorized Settlements. To indemnify the Indemnitee under this Agreement for
any amounts paid in settlement of a proceeding effected without the Company’s prior written consent. 
 12. Non-exclusivity. The
provisions for indemnification and advancement of expenses set forth in this Agreement shall not be deemed exclusive of any other rights which the Indemnitee may have under any provision of law, the Certificate or Bylaws, the vote of the
Company’s stockholders or disinterested directors, other agreements, or otherwise, both as to action in his or her official capacity and to action in another capacity while occupying his or her position as an agent of the Company, and the
Indemnitee’s rights hereunder shall continue after the Indemnitee has ceased acting as an agent of the Company and shall inure to the benefit of the heirs, executors and administrators of the Indemnitee. 

13. Interpretation of Agreement. It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide
indemnification to the Indemnitee to the fullest extent now or hereafter permitted by law. 
 14. Severability. If any provision or
provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever, (i) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, all
portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected thereby, and (ii) to the
fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid,
illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable and to give effect to Section 13 hereof. 

15. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the
parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

16. Successors and Assigns. No party may assign either this Agreement or any of its rights, interests or obligations hereunder without the prior
written approval of the other party and any such assignment by a party without prior written approval of the other parties will be deemed invalid and not binding on such other parties. The terms of this Agreement shall bind, and shall inure to the
benefit of, the parties and their respective successors, permitted assigns, heirs, executors and administrators. 
 17. Notice. All
notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (i) if delivered personally, when actually received by the party to which the notice is being delivered or (ii) if
mailed by certified or registered mail with postage prepaid, on the third business day after the mailing date. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by written notice
to the other party. 

  
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 18. Governing Law. This Agreement shall be governed exclusively by and construed according to the
laws of the State of Delaware, as applied to contracts between Delaware residents entered into and to be performed entirely within Delaware, without regard to any conflict of laws principles. 
 19. Consent to Jurisdiction. The Company and the Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State of Delaware for all purposes in connection with action or
proceeding which arises out of or relates to this Agreement and agree that any action instituted under this Agreement shall be brought only in the state courts of the State of Delaware. 

[signature page follows] 

  
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 The parties hereto have entered into this Indemnification Agreement effective as of the date
first above written. 
  

					
	FORESTAR GROUP INC.	 	
			
	By:	 	  
	 	
		 	 James M. DeCosmo
 President
and Chief Executive Officer
 6300 Bee Cave Road
 Building Two, Suite 500
 Austin, Texas 78746
	 	

  

					
	 INDEMNITEE:
  
	 	
	  
	 	
	  
 Address:
	 	  
	 	  
	  
	 	

  
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 Exhibit 4.1 
 FIFTH THIRD BANCORP 
 TO 

WILMINGTON TRUST COMPANY, Trustee 
 Second Supplemental Indenture 
 Dated as of March 7, 2012

 SENIOR DEBT SECURITIES 

 TABLE OF CONTENTS 

 
  

 

					
	  	  	PAGE	 
	 ARTICLE 1
	  			
	 SCOPE OF SECOND SUPPLEMENTAL
INDENTURE
	  			
		
	 Section 1.01. Scope
	  	 	2	  
		
	 ARTICLE 2
	  			
	DEFINITIONS	  			
		
	 Section 2.01. Definitions and Other Provisions of General Application
	  	 	2	  
	 Section 2.02. Other Definitions
	  	 	3	  
		
	 ARTICLE 3
	  			
	 FORM AND TERMS OF THE
NOTES
	  			
		
	 Section 3.01. Form and Dating
	  	 	3	  
	 Section 3.02. Terms of the Notes
	  	 	3	  
		
	 ARTICLE 4
	  			
	 SUPPLEMENTAL INDENTURES
	  			
		
	 Section 4.01. Supplemental Indentures
	  	 	7	  
		
	 ARTICLE 5
	  			
	 MISCELLANEOUS
	  			
		
	 Section 5.01. Trust Indenture Act of 1939
	  	 	8	  
	 Section 5.02. Governing Law
	  	 	8	  
	 Section 5.03. Duplicate Originals
	  	 	8	  
	 Section 5.04. Legal Holidays
	  	 	8	  
	 Section 5.05. Separability
	  	 	8	  
	 Section 5.06. Ratification
	  	 	8	  
	 Section 5.07. Effectiveness
	  	 	9	  
	 Section 5.08. Successors
	  	 	9	  
	 Section 5.09. Trustee’s Disclaimer
	  	 	9	  
		
	 EXHIBIT A – Form of 3.500% Senior Note due 2022
	  	 	A-1	  

  

  
 i 

 SECOND SUPPLEMENTAL INDENTURE 

SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of March 7, 2012, 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 Second 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 $500,000,000 aggregate Principal amount of a new series of the Securities
of the Company designated as its 3.500% Senior Notes due 2022 (the “Notes”) have been authorized by resolutions adopted by the board of directors of the Company; 

WHEREAS, the Company desires to issue and sell $500,000,000 aggregate Principal amount of the Notes as of the date hereof;

 WHEREAS, the Company desires to establish the terms of the Notes; 

WHEREAS, all things necessary to make this Second 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 Second Supplemental Indenture; and 

WHEREAS, the Company has requested that the Trustee execute and deliver this Second 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 SECOND SUPPLEMENTAL INDENTURE 

Section 1.01. Scope. This Second 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 Second Supplemental Indenture, the terms and provisions of the Base Indenture shall
remain in full force and effect. Notwithstanding the foregoing, this Second Supplemental Indenture shall only apply to the Notes. 
 ARTICLE 2 
 DEFINITIONS 

Section 2.01. Definitions and Other Provisions of General Application. For all purposes of this Second Supplemental Indenture
unless otherwise specified herein: 
 (a) all terms used in this Second 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 Second Supplemental Indenture, except that the words “herein,” “hereof,” “hereto” and “hereunder” and other words
of similar import refer to this Second 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 Second 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 terms in their appropriate alphabetical positions: 
 “Issue Date” means March 7, 2012.

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

  
 2 

 “Business Day” means any day that is not a Saturday or Sunday, and that is
not a day on which banking institutions are generally authorized or obligated by law, regulation or executive order to close in the City of New York. 
 Section 2.02. Other Definitions. Each of the following terms is defined in the section set forth opposite such term: 

 

			
	 Term
	  	Section
	 “Dodd-Frank Act”
	  	Section 3.02(q)
	 “SIPA”
	  	Section 3.02(q)

 ARTICLE 3 
 FORM AND TERMS OF THE NOTES 
 Section 3.01. 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, under its corporate seal reproduced thereon
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 Second Supplemental Indenture and the Company and the Trustee, by their execution and delivery of this Second Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

Section 3.02. Terms of the Notes. The following terms relating to the Notes are hereby established: 

(a) Title. The Notes shall constitute a series of Securities having the title “Fifth Third Bancorp 3.500% Senior Notes due
2022” and the CUSIP number 316773CL2. 
 (b) Principal Amount. The aggregate Principal amount of the Notes that may
be authenticated and delivered under the Indenture, as amended hereby, shall be $500,000,000 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, and ranking equally and ratably with, the Notes in all respects and so that such additional Notes 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, provided that such additional Notes are fungible for U.S. federal income tax purposes with the Notes. 

  
 3 

 (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 the March 1 or September 1 (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 this 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 March 15, 2022. 
 (e) Interest. The rate at which the Notes shall bear interest shall be 3.500% per annum;
the date from which interest shall accrue on the Notes shall be March 7, 2012 or the most recent Interest Payment Date to which interest has been paid or duly provided for; the Interest Payment Dates for the Notes shall be March 15 and
September 15 of each year, beginning September 15, 2012. 
 (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 Cincinnati, Ohio, 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. 
 (g) Redemption. 

(i) At any time and from time to time on or after the date that is 30 days prior to March 15, 2022, the Company may
redeem the Notes, in whole or in part, at a redemption price equal to 100% of principal amount plus accrued and unpaid interest to the redemption date. 
 (ii) If the Company elects to redeem Notes, it must notify the Trustee of the redemption date and the principal amount of Notes to be redeemed by delivering an Officers’ Certificate at least 60 days
before the redemption date (unless a shorter period is satisfactory to the Trustee). If fewer than all of the Notes are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice
of redemption is given to the Trustee, and the Trustee will select the Notes to be redeemed pro rata, by lot or by any other method the Trustee 

  
 4 

 
in its sole discretion deems fair and appropriate, in denominations of $2,000 principal amount and higher integral multiples of $1,000. 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 in the name and at the expense of the Company, to Holders whose Notes are to be
redeemed at least 30 days but not more than 60 days before the redemption date. 
 (iii) 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 or CINS number, no representation is being made as to the correctness of the CUSIP or
CINS number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers printed on the Notes. 

(iv) 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 $2,000 and any integral multiple of $1,000 in excess thereof. 

  
 5 

 (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 and 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 declaration of acceleration of
the maturity thereof. 
 (n) Stated Maturity. [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 in The City of New York (“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: 

“(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 

  
 6 

 
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 Wall Street Reform and Consumer Protection Act of 2010, as may be amended from time to time (the “Dodd-Frank Act”) or the Securities Investor Protection Act, as amended
(“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. 

(s) Additional Terms. Other terms applicable to the Notes are as otherwise provided for below. 

ARTICLE 4 

SUPPLEMENTAL INDENTURES 
 Section 4.01. 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: 

  
 7 

 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 March 2, 2012 relating to the offering of
the Securities. 
 ARTICLE 5 
 MISCELLANEOUS 
 Section 5.01. Trust Indenture Act of 1939.
This Second 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 5.02. Governing Law. The laws of the State of New York shall govern this Second Supplemental Indenture and the Notes.

 Section 5.03. Duplicate Originals. The parties may sign any number of copies of this Second Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement. 
 Section 5.04. Legal
Holidays. The following paragraph shall replace in its entirety Section 113 of the Base Indenture and shall only apply to the Notes: 
 In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the
Securities) payment of interest or principal (and premium, if any) need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at
the Stated Maturity, and no interest shall accrue on the amount payable for the period from and after such Interest Payment Date, Redemption Date, or at the Stated Maturity date, as the case may be. 

Section 5.05. Separability. In case any provision in this Second 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 5.06. Ratification. The Base Indenture, as supplemented and amended by this Second Supplemental Indenture, is in all respects ratified and confirmed. The Base Indenture and this Second
Supplemental Indenture shall be read, taken and construed as one and the same instrument. All provisions 

  
 8 

 
included in this Second 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 Second Supplemental Indenture, and agrees to perform the same upon the terms and conditions of the Base Indenture, as supplemented by this Second Supplemental Indenture. 

Section 5.07. Effectiveness. The provisions of this Second Supplemental Indenture shall become effective as of the date hereof.

 Section 5.08. Successors. All agreements of the Company in this Second Supplemental Indenture shall bind its
successors. All agreements of the Trustee in this Second Supplemental Indenture shall bind its successors. 
 Section 5.09.
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 Second 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.] 

  
 9 

 IN WITNESS WHEREOF, the parties hereto have caused this Second 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:	 	Senior Vice President and Treasurer

  

			
	Attest
		
	By:	 	/s/ JAMES R. HUBBARD
		 	  

	Name:	 	James R. Hubbard
	Title:	 	Senior Vice President and Chief Legal Officer

 [Signature Page to First Supplemental Indenture] 

 
			
	WILMINGTON TRUST COMPANY, as Trustee
		
	By:	 	/s/ MICHAEL H. WASS
		 	  

		 	Name: Michael H. Wass
		 	Title: Financial Services Officer

  

			
	 Attest:

		
	By:	 	/s/ MICHAEL G. OLLER, JR.
		 	  

		 	Name: Michael G. Oller, Jr.
		 	Title: Assistant Vice President

 [Signature Page to First Supplemental Indenture] 

 EXHIBIT A 
 [FORM OF NOTE] 
 CUSIP No. 316773CL2 

ISIN: US316773CL24 
 Common Code: [•] 
 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. 
 FIFTH THIRD BANCORP 
 3.500% Senior Notes due 2022 

THIS SECURITY IS NOT A DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE BANK INSURANCE FUND, THE SAVINGS ASSOCIATION
INSURANCE FUND OR ANY OTHER GOVERNMENTAL AGENCY. 
  

			
	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 March 15, 2022 (the “Maturity Date”), and to pay interest thereon from March 7, 2012 (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 March 15 and September 15 in each year, commencing September 15, 2012, at the rate of 3.500% 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 3.500% 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

  
 A-1

 
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 the March 1
or September 1 (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 are
generally authorized or obligated by law, regulation or executive order to close in the City of New York. 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 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 Cincinnati, Ohio, 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. 
 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-2

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

 

							
	 Date:
	 		 	FIFTH THIRD BANCORP
				
		 		 	By	 	
		 		 		 	  

		 		 		 	Tayfun Tuzun
		 		 		 	Senior Vice President and Treasurer

  

					
	Attest:	 		 	
			
	By:	 	 	 	 
		 	Name:	 	James R. Hubbard
		 	Title:	 	 Senior Vice President and

Chief Legal Officer

  
 A-3

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

							
	Dated:	 		 	WILMINGTON TRUST COMPANY, as trustee
				
		 		 	By:	 	
		 		 		 	  

		 		 		 	Authorized Officer

  
 A-4

 [Reverse of Security] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), 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 Second Supplemental Indenture, dated as of March 7, 2012, between the Company and the
Trustee (herein called the “Second 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, provided that such additional
Securities are fungible for U.S. federal income tax purposes with this Security. 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 in the manner and with the
effect provided in the Indenture. 
 On or after the date that is 30 days prior to the Maturity Date, the Company may redeem
this Security, at any time, in whole or in part, at the Company’s option at a redemption price equal to 100% of the principal amount of this Security, plus accrued and unpaid interest to, but not including, the redemption date established
pursuant to the terms of the Second Supplemental Indenture. 
 Notice of redemption will be given by first class mail to Holders
of Securities, not less than 30 nor more than 60 days prior to the redemption date, all as provided in the Second Supplemental Indenture. 
 This Security may be redeemed in part only in multiples of $2,000 or any integral multiples of $1,000 in excess of $2,000. In the event of redemption of this Security in part only, a new Security or
Securities for the unredeemed 

  
 A-5

 
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
March 2, 2012 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 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. 

  
 A-6

 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 denominations of $2,000 and in 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-7

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