Document:

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                                                                    EXHIBIT 4(c)

                                  FIRST HORIZON

                     NONQUALIFIED DEFERRED COMPENSATION PLAN

                             Effective July 1, 2003

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<TABLE>
<S>                                                                                                      <C>
ARTICLE I
         Establishment and Purpose.....................................................................  Page 3

ARTICLE II
         Definitions...................................................................................  Page 3

ARTICLE III
         Eligibility and Participation.................................................................  Page 10

ARTICLE IV
         Deferral Elections, Company Discretionary Contributions, Account Valuation....................  Page 11

ARTICLE V
         Distributions and Withdrawals.................................................................  Page 17

ARTICLE VI
         Administration................................................................................  Page 20

ARTICLE VII
         Amendment and Plan Termination................................................................  Page 21

ARTICLE VIII
         Informal Funding..............................................................................  Page 22

ARTICLE IX
         Claims........................................................................................  Page 22

ARTICLE X
      General Conditions...............................................................................  Page 24
</TABLE>

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                                    ARTICLE I
                            ESTABLISHMENT AND PURPOSE

First Tennessee National Corporation (the "Company") hereby sponsors the First
Horizon Nonqualified Deferred Compensation Plan (the "Plan"), effective July 1,
2003 (the "Effective Date"). The purpose of the Plan is to provide selected
eligible employees of First Horizon Home Loan Corporation and its subsidiaries,
and such of the Company and the subsidiaries, divisions or affiliates of the
Company, that have adopted the Plan for their Eligible Employees (as defined
herein) (the "Participating Employers") with an opportunity to defer receipt of
a portion of their base salary, bonus, commission (including mortgage production
incentives), and other specified cash compensation (if any). The Plan is not
intended to meet the qualification requirements of Section 401(a) of the
Internal Revenue Code, but is intended to be an unfunded arrangement providing
deferred compensation to eligible employees who are part of a select group of
management or highly compensated employees of the Company and selected
subsidiaries within the meaning of Sections 201, 301 and 401 of ERISA. The Plan
is intended to be exempt from the requirements of Parts 2, 3 and 4 of Title I of
ERISA as a "top hat" plan, and to be eligible for the alternative method of
compliance for reporting and disclosure available for unfunded "top hat" plans.

                                   ARTICLE II
                                   DEFINITIONS

2.1      Account Balance. Account Balance means, with respect to the Deferred
         Compensation Account or a Sub-Account, the total value of all the
         Investment Options in which the Participant deferrals, and Company
         Discretionary Contributions, have been Deemed Invested as of a specific
         date, taking into account the value of all distributions from that
         Account or Sub-Account to the specific date.

2.2      Allocation Election. Allocation Election means a choice by a
         Participant of one or more Investment Options, and the allocation among
         them, in which future Participant deferrals and/or existing Account
         Balances are Deemed Invested for purposes of determining earnings in a
         particular Sub-Account.

2.3      Allocation Election Form. Allocation Election Form means the form (or
         Website screen) approved by the Plan Administrator on which the
         Participant makes an Allocation Election, Rebalances a Sub-Account, or
         elects a Transfer.

2.4      Annual Valuation Date. Annual Valuation Date means the anniversary of
         the Termination Valuation Date or In-Service Distribution Valuation
         Date utilized to determine the amount of an annual installment payment.

2.5      Beneficiary. Beneficiary means a natural person, estate, or trust
         designated by a Participant on the form designated by the Plan
         Administrator to receive benefits to which a Beneficiary is entitled
         under and in accordance with provisions of the Plan. The Participant's
         estate shall be the Beneficiary if:

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         (i)      the Participant has not designated a natural person or trust
                  as Beneficiary, or

         (ii)     the designated Beneficiary has predeceased the Participant.

2.6      Chief Executive Officer. Chief Executive Officer means the individual
         who performs the functions of a Chief Executive Officer for the
         Company.

2.7      Code. Code means the Internal Revenue Code, as amended from time to
         time.

2.8      Company. Company means First Tennessee National Corporation, its
         successors and assigns.

2.9      Company Discretionary Contributions. Company Discretionary Contribution
         means a credit to a Participant's Retirement/Termination Account by a
         Participating Employer at a time and in an amount determined in the
         sole discretion of the Committee.

2.10     Compensation. Compensation means, for purposes of this Plan, base
         salary (including any deferred salary under a Code Section 401(k) or
         125 plan), bonus, and commission (including mortgage production
         incentives), and such other cash compensation (if any) approved by the
         Plan Administrator as Compensation for purposes of this Plan.

2.11     Compensation Deferral Agreement. Compensation Deferral Agreement means
         the deferral election form, or such other forms furnished by the Plan
         Administrator (or screens on the Participant Website approved by the
         Plan Administrator), on which a Participant elects: (a) the amount of
         deferral (in dollar amount or percentage) and type of Compensation to
         be deferred; (b) any In-Service Distribution Dates for that year's, or
         a portion of that year's, deferrals; and (c) the payment schedule for
         Retirement and In-Service distributions. The Allocation Election Form
         may also be part of the Compensation Deferral Agreement, in the
         discretion of the Plan Administrator.

2.12     Death Benefit. Death Benefit means a distribution of the total amount
         of the Participant's Deferred Compensation Account Balance, including
         any remaining unpaid In-Service Account balances, to the Participant's
         Beneficiary(ies) in accordance with Article V of the Plan.

2.13     Deemed Investment. A Deemed Investment (or "Deemed Invested") means the
         notional conversion of a dollar amount of deferred Compensation and
         Company Discretionary Contributions credited to a Participant's
         Deferred Compensation Account into shares or units (or a fraction of
         such measures of ownership, if applicable) of the underlying investment
         (e.g. mutual fund or other investment) which is referred to by the
         Investment Option(s) selected by the Participant. The conversion shall
         occur as if shares (or units) of the designated investment were being
         purchased (or sold, in the case of a distribution) at the purchase
         price as of the close of business of the day on which the Deemed
         Investment occurs. At no time shall a Participant have any real or
         beneficial ownership in the actual investment to which the Investment
         Option refers.

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2.14     Deferred Compensation Account ("Account"). A Participant's Deferred
         Compensation Account means the aggregate of all Sub-Accounts maintained
         for Participant deferrals and Company Discretionary Contributions,
         together with a record of Deemed Investments in accordance with
         Participants' Allocation Elections, minus any withdrawals or
         distributions from said Account. The Account, and all component
         Sub-Accounts, shall be a bookkeeping account utilized solely as a
         device for the measurement of amounts to be paid to the Participant
         under the Plan. The Account, and all Sub-Accounts, shall not constitute
         or be treated as an escrow, trust fund, or any other type of funded
         account for Code or ERISA purposes and, moreover, amounts credited
         thereto shall not be considered "plan assets" for ERISA purposes.

2.15     Deferred Compensation Committee or "Committee". Committee means the
         Human Resources Committee of the Company's Board of Directors.

2.16     Disability. Disability means a disability that would qualify as a total
         and permanent disability under the long-term disability plan then in
         effect at the company employing the Participant at the onset of such
         total and permanent disability.

2.17     Eligible Employee. Eligible Employee means an Employee who is part of a
         select group of management or highly compensated employees of the
         Employer (which also includes for this purpose its subsidiaries and
         affiliated companies) within the meaning of Sections 201, 301 and 401
         of ERISA, and who is selected by the Plan Administrator to participate
         in the Plan.

2.18     Employee. Employee means a full-time salaried employee of the Company
         or any subsidiary or affiliated company of the Company.

2.19     Employer. Employer (or "Participating Employer") means First Horizon
         Home Loan Corporation and its subsidiaries, and such of the Company and
         the subsidiaries, affiliates, or divisions of the Company, that have
         adopted the Plan for their Eligible Employees.

2.20     ERISA. ERISA means the Employee Retirement Income Security Act of 1974,
         as amended from time to time.

2.21     In-Service Distribution. In-Service Distribution means a payment by the
         Company to the Participant following a date elected by the Participant
         (the In-Service Distribution Date) of the amount represented by the
         account balance in the In-Service Sub-Account pertaining to that
         In-Service Distribution. In-Service Distributions shall be made in
         accordance with Participants' In-Service Distribution form of payment
         election.

2.22     In-Service Account. In-Service Account means a separate Sub-Account of
         the Deferred Compensation Account, created whenever a Participant
         elects a new In-Service Distribution Date (not already established with
         a Sub-Account) with respect to a portion, or all, of his or her
         deferral contributions, to which such portion of deferral specified by

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         the Participant is credited and Deemed Invested in accordance with the
         Participant's Allocation Election.

2.23     In-Service Distribution Date. In-Service Distribution Date means the
         date selected by the Participant, following which the In-Service
         Distribution Sub-Account Balance shall be distributed in accordance
         with the Plan.

2.24     In-Service Distribution Valuation Date. In-Service Distribution
         Valuation Date means the last day of the calendar month in which the
         In-Service Distribution Date occurs.

2.25     Investment Option. Investment Option means a security or other
         investment such as a mutual fund, life insurance sub-account, or other
         investment approved by the Plan Administrator for use as part of an
         Investment Option menu, which a Participant may elect as a measuring
         device to determine Deemed Investment earnings (positive or negative)
         to be valued in the Participant's Account or Sub-Account. The
         Participant has no real or beneficial ownership in the security or
         other investment represented by the Investment Option.

2.26     Participant. Participant means an Eligible Employee who: (1) is
         selected to participate in this Plan in accordance with Section 3.1 and
         has elected to defer Compensation in accordance with the Plan in any
         Plan Year; (2) has been credited with a Plan Balance Transfer; (3) has
         received a Company Contribution; or (4) has an Account Balance in his
         or her Deferred Compensation Account, including any Sub-Account,
         greater than zero prior to his or her death. A Participant's continued
         participation in the Plan shall be governed by Section 3.2 of the Plan.

2.27     Plan. Plan means the First Horizon Nonqualified Deferred Compensation
         Plan as documented herein and as may be amended from time to time
         hereafter.

2.28     Plan Administrator. Plan Administrator means a committee of individuals
         appointed by the Company's EVP Corporate and Employee Services which is
         responsible for the day-to-day decision making, record keeping, and
         administration of the Plan; provided, that the Plan Administrator may
         delegate duties of the Plan Administrator to employees or others to
         assist in the administration of the Plan.

2.29     Plan Balance Transfer. Plan Balance Transfer means the crediting to the
         Participant's Retirement/Termination Account an amount equal to the
         Participant's account balance in an existing nonqualified deferred
         compensation plan sponsored by the Company (other than this Plan) at
         such time and in accordance with such procedures as are established by
         the Plan Administrator in its sole discretion.

2.30     Plan Year. Plan Year means January 1 through December 31. "Initial Plan
         Year" means the partial year in which the Plan is first enrolled (July
         1 to December 31, 2003).

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2.31     Rebalance. Rebalance means an Allocation Election which pertains to a
         Participant's then existing Sub-Account and which reallocates the
         Sub-Account Balance among Investment Options available in the Plan.

2.32     Retirement. Retirement means the voluntary termination of employment
         with the Company: (a) upon reaching age 65 with at least 5 "Years of
         Service" (as defined in the Company pension plan); or (b) after
         reaching age 55 with at least 15 Years of Service; or (c) after
         attaining an age, which when added to the Participant's Years of
         Service, totals at least 75. Retirement shall also mean such
         involuntary terminations as are designated as a Retirement for purposes
         of this Plan in the sole discretion of the Committee.

2.33     Retirement/Termination Account. Retirement/Termination Account means a
         Sub-Account of the Deferred Compensation Account containing deferrals,
         Plan Balance Transfers, Company Discretionary Contributions and Deemed
         Investment earnings thereon which have not been allocated to In-Service
         Account(s) by the Participant.

2.34     Sub-Account. Sub-Account means a portion of the Deferred Compensation
         Account maintained separately by the Plan Administrator in order to
         properly administer the Plan.

2.35     Termination of Employment. Termination of Employment means the
         termination of a Participant's employment with the Company that is the
         Participant's employer, for any reason other than Retirement.

2.36     Termination Valuation Date. Termination Valuation Date means the last
         day of the calendar month in which Termination of Employment or
         Retirement occurs.

2.37     Transfer. Transfer means a partial Allocation Election with respect to
         a Participant's then existing Sub-Account where a Participant transfers
         a portion of the Sub-Account balance from one Investment Option to
         another.

                                   ARTICLE III
                          ELIGIBILITY AND PARTICIPATION

3.1      Eligibility and Participation. Each Eligible Employee, determined in
         the sole discretion of the Plan Administrator, shall be eligible to
         participate in this Plan.

3.2      Duration. Once an Employee becomes a Participant, such Employee shall
         continue to be a Participant so long as he or she is entitled to
         receive benefits hereunder, notwithstanding any subsequent Termination
         of Employment.

3.3      Revocation of Future Participation. Notwithstanding the provisions of
         Section 3.2, the Plan Administrator may revoke such Participant's
         eligibility to make future deferrals

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         under this Plan. Such revocation will not affect in any manner a
         Participant's Deferred Compensation Account or other terms of this
         Plan.

3.4      Notification. Each newly Eligible Employee shall be notified by the
         Plan Administrator, in writing, of his or her eligibility to
         participate in this Plan.

                                   ARTICLE IV
    DEFERRAL ELECTIONS, COMPANY DISCRETIONARY CONTRIBUTIONS, AND PARTICIPANT
                               ACCOUNT VALUATION

4.1      Deferral Elections, generally

         (a)      A Participant shall make deferral elections under the Plan by
                  completing and submitting to the Plan Administrator a written
                  Compensation Deferral Agreement provided by the Plan
                  Administrator (or completing and electronically submitting the
                  deferral election screen on the Participant website, when made
                  available by the Plan Administrator). Deferral elections shall
                  be made during an annual enrollment period which shall end no
                  later than December 1 preceding the Plan Year to which the
                  deferral election relates, unless the enrollment period is
                  extended by the Plan Administrator because of extraordinary
                  circumstances. In no event may an enrollment period be
                  extended beyond the last day of the month prior to the
                  beginning of the Plan Year to which the deferral elections
                  refer. Other cash Compensation deferral elections shall be
                  made prior to the time such amounts have been earned, during
                  special enrollment periods announced by the Plan
                  Administrator.

         (b)      Notwithstanding the foregoing, an Eligible Employee who
                  becomes eligible to be a Participant during any Plan Year may,
                  in the initial year of eligibility only, make deferral
                  elections with respect to Compensation which will be earned
                  during the balance of such Plan Year but after such elections
                  in such Plan Year, within 30 days of the date of notification
                  of eligibility as required in Section 3.4 of the Plan.

         (c)      In the Initial Plan Year, an Eligible Employee may make
                  deferral elections with respect to base salary and/or
                  commissions (including mortgage production incentives), which
                  will be earned during the balance of the Initial Plan
                  Year but after such elections, during the initial
                  enrollment period designated by the Plan Administrator.

         (d)      Deferral elections shall be effective for one Plan Year
                  (except for the Initial Plan Year, where deferral elections
                  shall be effective for the balance of the Initial Plan Year),
                  and shall expire at the end of the Plan Year to which they
                  refer. Deferral elections become effective on the first day of
                  the Plan Year following the date of the election (except
                  deferral elections in the Initial Plan Year, which become
                  effective July 1, 2003 or such later date as is specified by
                  the Plan Administrator), and may not be modified during the
                  Plan Year (or balance of the Initial Plan

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                  Year), except in the event of a financial emergency determined
                  in the sole discretion of the Plan Administrator.

         (e)      A deferral election shall designate the amount of Compensation
                  to be deferred in dollar amount or in whole percentages. A
                  Participant may defer up to 75% of his or her Compensation,
                  minus the amount of any deferrals made by the Participant into
                  the First Tennessee National Corporation Deferred Compensation
                  Stock Option Program for the same Plan Year, into this Plan.
                  The minimum deferral amount into this Plan must be at least
                  $5,000 for each Plan Year to be paid during the Plan Year to
                  which the election refers. A Participant may elect different
                  percentages for base salary, bonus, and commissions (including
                  mortgage production incentives).

         (f)      The foregoing notwithstanding, in the event a Participant's
                  deferral election results in insufficient non-deferred
                  Compensation from which to withhold taxes in accordance with
                  applicable law, the deferral election shall be reduced as
                  necessary to allow the Employer to satisfy tax withholding
                  requirements.

         (g)      Deferrals pertaining to base salary shall be deducted by the
                  Employer on a pro rata basis from a Participant's base salary
                  for each pay period during the Plan Year (or during the
                  remaining pay periods of the Initial Plan Year), and the
                  amount deferred shall be credited to the Participant's elected
                  Sub-Account and a Deemed Investment shall be made in the
                  investment(s) represented by the Investment Option(s) elected
                  by the Participant as of the close of business on the date it
                  would otherwise have been paid as Compensation to the
                  Participant. Deferrals pertaining to bonus awards and
                  commissions (including mortgage production incentives)
                  shall be deducted by the Employer from the Participant's
                  bonus, commission, or mortgage production incentive payment
                  on the date of payment of the bonus, commission or mortgage
                  production incentive, and the amount deferred shall be
                  credited to the Participant's elected Sub-Account and a Deemed
                  Investment shall be made in the investment(s) represented by
                  the Investment Option(s) elected by the Participant as of the
                  close of business on the date it would otherwise have been
                  paid as Compensation to the Participant.

         (h)      The Compensation Deferral Agreement shall indicate the
                  Participant's election of a payment schedule for his or her
                  Retirement/Termination Account. A Participant shall elect to
                  have such Retirement/Termination Account distributed: (a) a
                  portion, or all, in a single lump sum payable as soon as
                  administratively practicable following the Termination
                  Valuation Date; and/or (b) the balance (assuming it is at
                  least $25,000) in up to five (5) annual installment payments
                  payable in accordance with Section 5.3 of the Plan
                  (Retirement/Termination Account balances less than $25,000 are
                  paid in a single lump sum regardless of the Participant's
                  payment schedule election). An election of a payment schedule
                  for a Participant's Retirement/Termination Account shall
                  pertain to the entire Retirement/Termination Account balance
                  (e.g. new payment schedule elections override previously
                  elected payment schedules). A Participant shall be permitted
                  to change (override) his or her Retirement/Termination Account
                  payment

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                  schedule election at any time by filing a new Compensation
                  Deferral Agreement (or by following such procedures as are set
                  by the Plan Administrator regarding using the Participant
                  website, when available), provided such election is made at
                  least thirteen (13) months prior to the Participant's date of
                  Retirement. Any payment schedule election made within thirteen
                  months of Retirement shall be null and void, and the most
                  recent payment schedule election which is dated at least
                  thirteen months prior to Retirement will be in effect.

4.2      In-Service Distribution Date Election.

         (a)      The Compensation Deferral Agreement shall also indicate the
                  Participant's election of In-Service Distribution Date(s) (if
                  any). An In-Service Distribution election shall pertain to
                  such portion of deferred Compensation for the Plan Year as
                  elected by the Participant and shall cause an In-Service
                  Account to be established (unless such Account already
                  exists), to which such portion of deferred Compensation shall
                  be credited. In the event an In-Service Account has already
                  been established for the In-Service Distribution Date referred
                  to in the deferral election, such portion of deferred
                  Compensation shall be credited to the existing In-Service
                  Account.

         (b)      A Participant may maintain up to three (3) In-Service
                  Accounts.

         (c)      A newly established In-Service Distribution Date must be at
                  least two (2) years from the end of the Plan Year to which the
                  election which creates it refers. Participants may allocate
                  deferred compensation to existing In-Service Accounts so long
                  as the In-Service Distribution Date for the In-Service Account
                  occurs after the end of the Plan Year to which the election
                  refers.

         (d)      A Participant may change or cancel an In-Service Distribution
                  Date once only, as follows:

                  (i)      An In-Service Distribution Date change (including a
                           cancellation) may be made by submitting a new
                           Compensation Deferral Agreement or such other form as
                           may be provided for In-Service Distribution Date
                           changes by the Plan Administrator (or completing and
                           electronically submitting the appropriate screen on
                           the Participant website, when available) at any time,
                           so long as the date that such form is submitted to
                           the Plan Administrator is at least thirteen (13)
                           months prior to the In-Service Distribution Date
                           being changed; and

                  (ii)     The In-Service Distribution Date may be extended to a
                           subsequent year (and must be extended by at least one
                           year), but it may not be made to occur sooner than
                           the original date.

                  (iii)    The In-Service Distribution Date may be cancelled,
                           even after a change. A cancellation of an In-Service
                           Distribution Date shall cause the In-Service
                           Sub-Account associated with it to be merged into the
                           Retirement/Termination Sub-Account.

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                  (iv)     Making an In-Service Distribution Date change or
                           cancellation in accordance with the Plan is specific
                           to the In-Service Distribution to which it refers,
                           and shall not affect other In-Service Distributions
                           or the ability of the Participant to make new
                           In-Service Distribution elections with respect to new
                           deferral contributions.

         (e)      Any portion of a deferral not credited to an In-Service
                  Distribution Account will be credited to the
                  Retirement/Termination Account.

         (i)      The Compensation Deferral Agreement shall also indicate the
                  Participant's election of payment schedule for each In-Service
                  Distribution Date. Permitted payment schedules for In-Service
                  Distributions are a single lump sum or (assuming the
                  In-Service Distribution Sub-Account Balance is at least
                  $10,000) from two (2) to five (5) annual installment payments.
                  An election of a payment schedule for a Participant's
                  In-Service Account shall pertain to the entire In-Service
                  Account balance (e.g. new payment schedules override
                  previously elected payment schedules). A Participant shall be
                  permitted to change (override) his or her payment schedule
                  election for an In-Service Distribution at any time by filing
                  a new Compensation Deferral Agreement (or by following such
                  procedures as are set by the Plan Administrator regarding
                  using the Participant website, when available), provided such
                  election is made at least thirteen (13) months prior to the
                  In-Service Distribution Date. Any payment schedule election
                  made within thirteen months of an In-Service Distribution Date
                  shall be null and void, and the most recent payment schedule
                  election which is dated at least thirteen months prior to the
                  In-Service Distribution Date will be in effect.

4.3      Company Discretionary Contributions and Vesting

         (a)      The Committee may, in its sole and absolute discretion, make
                  Company Discretionary Contributions to any or all
                  Participant(s) by crediting to said Participants'
                  Retirement/Termination Accounts an amount determined in the
                  sole and absolute discretion of the Committee. The Committee
                  shall be under no obligation to make Company Discretionary
                  Contributions unless the Company so obligates itself under an
                  employment agreement or other agreement.

         (b)      Company Discretionary Contributions and Deemed Investment
                  earnings thereon shall be subject to a vesting schedule
                  established by the Committee for each Company Discretionary
                  Contribution. Such vesting schedule shall be communicated in
                  writing to the Participant receiving a Company Discretionary
                  Contribution at the time of crediting to the Participant's
                  Account, and a copy shall be retained by the Plan
                  Administrator. If no vesting schedule is communicated in
                  accordance herewith, the Company Discretionary Contribution
                  shall be 100% vested from the date of crediting.

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         (c)      Deemed Investments shall be made in the same manner as for
                  deferrals (Section 4.1 of the Plan) on the date the Company
                  Matching Contribution is credited to the Participant's
                  Retirement/Termination Account.

4.4      Plan Balance Transfers.

         (a)      The Plan Administrator, in its sole discretion, may determine
                  that a portion (or all) of an account balance maintained for
                  all Participants in another Company sponsored nonqualified
                  deferred compensation plan may upon such determination (and if
                  the Participant so elects) be "transferred" to this Plan (the
                  unfunded obligation of the Company to the Participant under
                  the other plan is decreased and the obligation of the Company
                  to the Participant in this Plan is increased in an identical
                  amount).

         (b)      The Plan Balance Transfer amount shall be credited to the
                  Participant's Retirement/Termination Account on the date
                  established by the Plan Administrator, in its sole discretion
                  (the "Plan Balance Transfer Effective Date").

4.5      Allocation Elections and Valuation of Accounts

         (a)      A Participant shall elect Investment Options from a menu
                  provided by the Plan Administrator. The initial election shall
                  be made on the Allocation Election form approved by the Plan
                  Administrator (or Allocation Election Screen on the
                  Participant website approved by the Plan Administrator) and
                  shall specify the allocations among the Investment Options
                  elected. A Participant may make different Allocation Elections
                  for each Account. A Participant's Accounts shall be valued as
                  the sum of the value of all Deemed Investments minus any
                  withdrawals or distributions from said Account. Investment
                  Options shall be utilized to determine the earnings
                  attributable to the Account. Elections of Investment Options
                  do not represent actual ownership of, or any ownership rights
                  in or to, the securities or other investments to which the
                  Investment Options refer, nor is the Company in any way bound
                  or directed to make actual investments corresponding to Deemed
                  Investments.

         (b)      The Plan Administrator, in its sole discretion, shall be
                  permitted to add or remove Investment Options provided that
                  any such additions or removals of Investment Options shall not
                  be effective with respect to any period prior to the effective
                  date of such change. Any unallocated portion of an Account or
                  any unallocated portion of new deferrals shall be Deemed
                  Invested in an Investment Option referring to a money market
                  based fund or sub-account.

         (c)      A Participant may make a new Allocation Election with respect
                  to future deferrals or Plan Balance Transfers, and may
                  Rebalance or Transfer funds in any of his or her Accounts,
                  provided that such new allocations, Rebalances or Transfers
                  shall be in increments of one percent (1%), and Rebalances and
                  Transfers apply to the entire Account Balance. New Allocation
                  Elections, Rebalances, and Transfers

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                  may be made on any business day, and will become effective on
                  the same business day or, in the case of Allocation Elections
                  received after a cut-off time established by the Plan
                  Administrator, the following business day.

         (d)      Notwithstanding anything in this Section to the contrary, the
                  Company shall have the sole and exclusive authority to invest
                  any or all amounts deferred in any manner, regardless of any
                  Allocation Elections by any Participant. A Participant's
                  Allocation Election shall be used solely for purposes of
                  determining the value of such Participant's Accounts and the
                  amount of the corresponding liability of the Company in
                  accordance with this Plan.

4.6      Prohibition Against Modifications to deferral elections. A Participant
         may not modify or revoke a deferral election during a Plan Year by
         changing the amount of the Compensation deferral except that, in the
         case of unforeseen financial hardship, the Plan Administrator in its
         sole discretion may grant a request by a Participant to revoke such
         Participant's deferral election for the balance of the Plan Year.

                                    ARTICLE V
                          DISTRIBUTIONS AND WITHDRAWALS

5.1      In-Service Distributions.

         (a)      Subject to Section 5.5 of the Plan, an In-Service Distribution
                  shall be paid in accordance with the payment schedule election
                  made with respect thereto, beginning as soon as
                  administratively practicable following the In-Service
                  Distribution Valuation Date. In the event a Participant has
                  elected installment payments for an In-Service Distribution,
                  the installment payments shall be determined and paid in
                  accordance with Section 5.4 of the Plan.

         (b)      Notwithstanding a Participant's election to receive an
                  In-Service Distribution, all remaining undistributed
                  In-Service Distribution Account balances shall be combined
                  with the Retirement/Termination Account in the event of
                  Retirement, Termination of Employment, Death, or Disability if
                  the Retirement, Termination of Employment, Death, or
                  Disability occurs prior to any In-Service Distribution Date or
                  prior to the completion of payment(s) elected in connection
                  with any In-Service Distribution Date.

5.2      Retirement Distribution. Subject to Section 5.5 of the Plan, in the
         event of Retirement of a Participant, the vested portion of the
         Participant's Retirement/Termination Account balance (including
         In-Service Accounts as aforementioned) will be paid (or the first
         payment will be made) in accordance with the Participant's payment
         schedule election for the Retirement/Termination Account beginning as
         soon as administratively practicable following the Termination
         Valuation Date.

                                       13
<PAGE>

FIRST HORIZON
NONQUALIFIED DEFERRED COMPENSATION PLAN

5.3      Termination of Employment Distribution. In the event of a Participant's
         Termination of Employment, the vested portion of the Participant's
         Retirement/Termination Account (including In-Service Accounts as
         aforementioned) will be paid in a single lump sum as soon as
         administratively practicable following the Termination Valuation Date.

5.4      Installment Payments. If the Participant has elected installment
         payments for the Retirement/Termination or In-Service Account and is
         eligible under the Plan to receive installment payments, annual cash
         payments will be made beginning as soon as administratively practicable
         following the applicable Valuation Date (Termination or In-Service) or,
         in the event of a partial lump sum election, following the first
         anniversary of the partial lump sum payment made following Retirement.
         Such payments shall continue annually on or about the anniversary of
         the previous installment payment until the number of installment
         payments elected has been paid. The installment payment amount shall be
         determined annually as the result of a calculation, performed on the
         Annual Valuation Date, where (i) is divided by (ii):

                  (i)      equals the value of the applicable Sub-Account on the
                           Annual Valuation Date; and

                  (ii)     equals the remaining number of installment payments.

5.5      Small Account Balance Lump Sum Payment. The foregoing notwithstanding,
         in the event that a Participant's Retirement/Termination Account
         Balance is less than $25,000 or a Participant's In-Service Distribution
         Sub-Account Balance is less than $10,000 on the initial Termination or
         In-Service Distribution Valuation Date, the In-Service or
         Retirement/Termination Account balance, as applicable, shall be paid in
         a single lump sum as soon as administratively practicable following the
         Valuation Date, and any payment election to the contrary shall be null
         and void.

5.6      Disability Distribution. In the event of Disability, the Participant
         shall receive the Retirement/Termination Account balance (including
         In-Service Accounts as aforementioned) in a single lump sum as soon as
         administratively practicable following the end of the month in which
         Disability occurred. The Valuation Date for purposes of determining the
         Disability distribution shall be the last day of the month in which the
         Participant's Disability occurs.

5.7      Death Distribution. In the event of death, a Participant's beneficiary
         shall receive the Retirement/Termination Account balance (including
         In-Service Accounts as aforementioned) in a single lump sum as soon as
         administratively practicable following the end of the month in which
         death occurred. The Valuation Date for purposes of determining the
         death distribution shall be the last day of the month in which the
         Participant's death occurs.

5.8      Hardship Distribution. In the event a Participant experiences an
         Unforeseeable Emergency, said Participant may request, in writing to
         the Plan Administrator, a distribution under the Plan to meet the
         financial burden caused by the Unforeseeable

                                       14
<PAGE>

FIRST HORIZON
NONQUALIFIED DEFERRED COMPENSATION PLAN

         Emergency. An "Unforeseeable Emergency" is a severe financial hardship
         to the Participant resulting from a sudden and unexpected illness or
         accident of the Participant or of a dependent (as defined in Code
         section 152(a)) of the Participant, loss of the Participant's property
         due to casualty, or some other similar extraordinary and unforeseeable
         circumstance arising as a result of events beyond the control of the
         Participant. The circumstances that will constitute an unforeseeable
         emergency will depend upon the facts of each case, but, in any case,
         payment may not be made to the extent that such hardship is or may be
         relieved--(i) through reimbursement or compensation by insurance or
         otherwise; (ii) by liquidation of the Participant's assets, to the
         extent the liquidation of such assets would not itself cause severe
         financial hardship; or (iii) by cessation of deferrals under the Plan.
         Examples of what are not considered to be Unforeseeable Emergencies
         include the need to send a Participant's child to college or the desire
         to purchase a home. Distributions in the event of an Unforeseeable
         Emergency shall only be made in an amount calculated by the
         Participant, and approved by the Plan Administrator, to be necessary to
         reasonably satisfy the emergency need.

5.9      Voluntary Distribution. A Participant who is an active employee may
         request, in writing to the Plan Administrator, to have up to 100% of
         the Participant's Deferred Compensation Account distributed in a single
         lump sum to the Participant at any time and for any reason, subject to
         a penalty of 10% of the amount distributed. The penalty shall be
         forfeited to the Company. There is a minimum distribution request
         amount of $10,000. A requesting Participant's deferral elections shall
         be revoked for the balance of the Plan Year in which the voluntary
         distribution request is granted and deferrals shall not be permitted
         for the following Plan Year. The amount of the distribution shall be
         subtracted first from the vested portion of the Participant's
         Retirement/Termination Account until depleted and then from the
         In-Service Accounts (if any) beginning with the most distant. Values
         for purposes of administering this Section shall be determined on the
         date the Plan Administrator approves the amount of the distribution, or
         such other date determined by the Plan Administrator.

5.10     Court Order. In the event of a final, non-appealable valid order of a
         Court of competent jurisdiction in a domestic relations matter which
         requires a distribution of a Participant's Account or portion thereof ,
         the Plan Administrator may, in its sole discretion, treat such request
         as though it were a request for a Hardship withdrawal which satisfied
         the requirements of an unforeseen severe financial hardship and make a
         distribution to the Participant, or court ordered recipient as the case
         may be in the amount necessary to satisfy the Court order.

5.11     Pro-rata subtraction from Investment Options. In the event a
         distribution under this Article V (e.g. an installment payment,
         hardship or voluntary distribution, etc.) is less than the entire
         Account Balance and the Account is allocated over more than one
         Investment Option, the distribution shall be subtracted from each
         Investment Option in a pro-rata manner determined in the sole
         discretion of the Plan Administrator.

                                       15
<PAGE>

FIRST HORIZON
NONQUALIFIED DEFERRED COMPENSATION PLAN

                                   ARTICLE VI
                                 ADMINISTRATION

6.1      Plan Administration. This Plan shall be administered by the Plan
         Administrator, which shall have sole discretionary authority to make,
         amend, interpret and enforce all appropriate rules and regulations for
         the administration of this Plan and to utilize its discretion to decide
         or resolve any and all questions, including but not limited to
         eligibility for benefits and interpretations of this Plan and its
         terms, as may arise in connection with the Plan. Claims for benefits
         shall be filed with the Plan Administrator and resolved in accordance
         with the claims procedures in Article IX.

6.2      Withholding. The Employer shall have the right to withhold from any
         payment made under the Plan (or any amount deferred into the Plan) any
         taxes required by law to be withheld in respect of such payment (or
         deferral).

6.3      Indemnification. The Company shall indemnify and hold harmless each
         employee, officer, director, agent or organization, to whom or to which
         is delegated duties, responsibilities, and authority with respect to
         administration of the Plan, against all claims, liabilities, fines and
         penalties, and all expenses reasonably incurred by or imposed upon him
         or it (including but not limited to reasonable attorney fees) which
         arise as a result of his or its actions or failure to act in connection
         with the operation and administration of the Plan to the extent
         lawfully allowable and to the extent that such claim, liability, fine,
         penalty, or expense is not paid for by liability insurance purchased or
         paid for by the Company. Notwithstanding the foregoing, the Company
         shall not indemnify any person or organization if his or its actions or
         failure to act are due to gross negligence or willful misconduct or for
         any such amount incurred through any settlement or compromise of any
         action unless the Company consents in writing to such settlement or
         compromise.

6.4      Expenses. The expenses of administering the Plan shall be paid by the
         Participating Employer(s).

6.5      Delegation of Authority. In the administration of this Plan, the Plan
         Administrator may, from time to time, employ agents and delegate to
         them such administrative duties as it sees fit, and may from time to
         time consult with legal counsel who may be legal counsel to the
         Company.

6.6      Binding Decisions or Actions. The decision or action of the Plan
         Administrator in respect of any question arising out of or in
         connection with the administration, interpretation and application of
         the Plan and the rules and regulations thereunder shall be final and
         conclusive and binding upon all persons having any interest in the
         Plan.

                                       16
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FIRST HORIZON
NONQUALIFIED DEFERRED COMPENSATION PLAN

                                   ARTICLE VII
                         AMENDMENT AND PLAN TERMINATION

7.1      Amendment and Plan Termination. The Plan is intended to be permanent,
         but the Committee may at any time modify, amend, or terminate the Plan,
         provided that such modification, amendment or termination shall not
         cancel, reduce, or otherwise adversely affect the amount of benefits of
         any Participant accrued (and, except as provided in this Section 7.1
         any form of payment elected) as of the date of any such modification,
         amendment, or termination, without the consent of the Participant. The
         Committee shall be permitted, upon total Plan termination, to instruct
         the Plan Administrator to pay each Participant (without such
         Participant's consent) a lump sum in the amount of such Participant's
         Account Balance as of the date of such Plan termination.

7.2      Adverse Income Tax Determination. Notwithstanding anything to the
         contrary in the Plan, if any Participant receives a deficiency notice
         from the United States Internal Revenue Service asserting constructive
         receipt of amounts payable under the Plan, or if legislation is passed
         which causes current income taxation of deferred amounts, Company
         Discretionary Contributions, and/or the investment earnings attributed
         thereto due to any Participant distribution, right to such
         distribution, or other Plan provision, the Committee, in its sole
         discretion, may terminate the Plan or such Participant's participation
         in the Plan, and/or may declare null and void any Plan provision with
         respect to affected Participants. In addition, it is intended that this
         Plan comply with all provisions of the Code and regulations and rulings
         in effect from time to time regarding the permissible deferral of
         compensation and taxes thereon, and it is understood that this Plan
         does so comply. If the laws of the United States or of any relevant
         state are amended or construed in such a way as to make this Plan (or
         its intended deferral of compensation and taxes) in whole or in part
         void, then the Committee, in its sole discretion, may choose to
         terminate the Plan or it may (to the extent it deems practicable) give
         effect to the Plan in such a manner as it deems will best carry out the
         purposes and intentions of this Plan.

                                  ARTICLE VIII
                                INFORMAL FUNDING

8.1      General Assets. All benefits in respect of a Participant under this
         Plan shall be paid directly from the general funds of the Company, or
         a rabbi trust created by the Company for the purpose of informally
         funding the Plan, and other than such rabbi trust, if created, no
         special or separate fund shall be established and no other segregation
         of assets shall be made to assure payment. No Participant, spouse or
         Beneficiary shall have any right, title or interest whatever in or to
         any investments which the Company, or any of its subsidiaries or
         affiliated companies, may make to aid the Company in meeting its
         obligation hereunder, including any assets held by a rabbi trust.
         Nothing contained in this Plan, and no action taken pursuant to its
         provisions, shall create or be construed to create a trust of any
         kind, or a fiduciary relationship, between the Company or any if its
         subsidiaries or affiliated companies and

                                       17
<PAGE>

FIRST HORIZON
NONQUALIFIED DEFERRED COMPENSATION PLAN

         any Employee, spouse, or Beneficiary. To the extent that any person
         acquires a right to receive payments from the Company hereunder, such
         rights are no greater than the right of an unsecured general creditor
         of the Company.

8.2      Rabbi Trust. The Company may, at its sole discretion, establish a
         grantor trust, commonly known as a rabbi trust, as a vehicle for
         accumulating the assets needed to pay the promised benefit, and the
         Company and/or the Employer may contribute from time to time to such
         rabbi trust, if established, but the Company shall be under no
         obligation to establish any such trust or any other informal funding
         vehicle.

                                   ARTICLE IX
                                     CLAIMS

9.1      Filing a Claim. Any controversy or claim arising out of or relating to
         the Plan shall be filed with the Plan Administrator which shall make
         all determinations concerning such claim. Any decision by the Plan
         Administrator denying such claim shall be in writing and shall be
         delivered to the Participant or Beneficiary filing the claim
         ("Claimant"). Such decision shall set forth the reasons for denial in
         plain language. Pertinent provisions of the Plan document shall be
         cited and, where appropriate, an explanation as to how the Claimant can
         perfect the claim will be provided, including a description of any
         additional material or information necessary to complete the claim, and
         an explanation of why such material or information is necessary. The
         claim denial also shall include an explanation of the claims review
         procedures and the time limits applicable to such procedures, including
         a statement of the Claimant's right to bring a civil action under
         Section 502(a) of ERISA following an adverse decision on review. This
         notice of denial of benefits will be provided within 90 days of the
         Plan Administrator's receipt of the Claimant's claim for benefits. If
         the Plan Administrator fails to notify the Claimant of its decision
         regarding the Claimant's claim, the claim shall be considered denied,
         and the Claimant shall then be permitted to proceed with an appeal as
         provided in this Article. If the Plan Administrator determines that it
         needs additional time to review the claim, the Plan Administrator will
         provide the Claimant with a notice of the extension before the end of
         the initial 90-day period. The extension will not be more than 90 days
         from the end of the initial 90-day period and the notice of extension
         will explain the special circumstances that require the extension and
         the date by which the Plan Administrator expects to make a decision.

9.3      Appeal. A Claimant who has been completely or partially denied a
         benefit shall be entitled to appeal this denial of his claim by filing
         a written appeal with the Plan Administrator no later than sixty (60)
         days after: (a) receipt of the written notification of such claim
         denial, or (b) the lapse of ninety (90) days without an announced
         decision notice of extension. A Claimant who timely requests a review
         of his or her denied claim (or his or her authorized representative)
         may review, upon request and free of charge, copies of all documents,
         records and other information relevant to the denial and may submit
         written comments, documents, records and other information relevant to
         the claim to the Plan Administrator. The Plan Administrator may, in its
         sole discretion and if it

                                       18
<PAGE>

FIRST HORIZON
NONQUALIFIED DEFERRED COMPENSATION PLAN

         deems appropriate or necessary, decide to hold a hearing with respect
         to the claim appeal. Following its review of any additional information
         submitted by the Claimant, the Plan Administrator shall render a
         decision on its review of the denied claim in the following manner:

         (a)      The Plan Administrator shall make its decision regarding the
                  merits of the denied claim within 60 days following His
                  receipt of the appeal (or within 120 days after such receipt,
                  in a case where there are special circumstances requiring
                  extension of time for reviewing the appealed claim). It shall
                  deliver the decision to the Claimant in writing. If an
                  extension of time for reviewing the appeal is required because
                  of special circumstances, written notice of the extension
                  shall be furnished to the Claimant prior to the commencement
                  of the extension. The notice will indicate the special
                  circumstances requiring the extension of time and the date by
                  which the Plan Administrator expects to render the
                  determination on review.

         (b)      The review will take into account comments, documents, records
                  and other information submitted by the Claimant relating to
                  the claim without regard to whether such information was
                  submitted or considered in the initial benefit determination.

         (c)      The decision on review shall set forth a specific reason for
                  the decision, and shall cite specific references to the
                  pertinent Plan provisions on which the decision is based.

         (d)      The decision on review will include a statement that the
                  Claimant is entitled to receive, upon request and free of
                  charge, reasonable access to and copies of all documents,
                  records, or other information relevant to the Claimant's claim
                  for benefits.

         (e)      The decision on review will include a statement describing any
                  voluntary appeal procedures offered by the plan and a
                  statement of the Claimant's right to bring an action under
                  Section 502(a) of ERISA.

         (f)      A Claimant may not bring any legal action relating to a claim
                  for benefits under the Plan unless and until the Claimant has
                  followed the claims procedures under the Plan and exhausted
                  his or her administrative remedies under such claims
                  procedures.

                                    ARTICLE X
                               GENERAL CONDITIONS

10.1     Anti-assignment Rule. No interest of any Participant, spouse or
         Beneficiary under this Plan and no benefit payable hereunder shall be
         assigned as security for a loan, and any

                                       19
<PAGE>

FIRST HORIZON
NONQUALIFIED DEFERRED COMPENSATION PLAN

         such purported assignment shall be null, void and of no effect, nor
         shall any such interest or any such benefit be subject in any manner,
         either voluntarily or involuntarily, to anticipation, sale, transfer,
         assignment or encumbrance by or through any Participant, spouse or
         Beneficiary.

10.2     No Legal or Equitable Rights or Interest. No Participant or other
         person shall have any legal or equitable rights or interest in this
         Plan that are not expressly granted in this Plan. Participation in this
         Plan does not give any person any right to be retained in the service
         of the Company or any of its subsidiaries or affiliated companies. The
         right and power of the Company (or any of its subsidiaries or
         affiliated companies that is the Employee's employer) to dismiss or
         discharge an Employee is expressly reserved.

10.3     No Employment Contract. Nothing contained herein shall be construed to
         constitute a contract of employment between an Employee and the
         Employer or any of its subsidiaries or affiliated companies.

10.4     Headings. The headings of Sections are included solely for convenience
         of reference, and if there is any conflict between such headings and
         the text of this Plan, the text shall control.

10.5     Invalid or Unenforceable Provisions. If any provision of this Plan
         shall be held invalid or unenforceable, such invalidity or
         unenforceability shall not affect any other provisions hereof and the
         Plan Administrator may elect in its sole discretion to construe such
         invalid or unenforceable provisions in a manner that conforms to
         applicable law or as if such provisions, to the extent invalid or
         unenforceable, had not been included.

10.6     Governing Law. To the extent not preempted by ERISA, the laws of the
         State of Tennessee shall govern the construction and administration of
         the Plan.

SIGNATURES ON NEXT PAGE

                                       20
<PAGE>

FIRST HORIZON
NONQUALIFIED DEFERRED COMPENSATION PLAN

IN WITNESS WHEREOF, the Company and Participating Employer(s) have caused this
Plan to be adopted, effective as of July 1, 2003.

                                             FIRST TENNESSEE NATIONAL
                                             CORPORATION ("COMPANY")

                                             By:
                                                 --------------------------

                                             Its:
                                                 --------------------------

                                             FIRST HORIZON HOME LOAN
                                             CORPORATION ("PARTICIPATING
                                             EMPLOYER")

                                             By:
                                                 --------------------------

                                             Its:
                                                 --------------------------

                                       21SECOND SUPPLEMENTAL INDENTURE DATED AS OF JUNE 10, 2003

 Exhibit 4.5 
  

Second Supplemental Indenture 
  
 THIS SECOND SUPPLEMENTAL INDENTURE dated as of June 10,2003, between Domino’s, Inc., a Delaware corporation (the “Company”), the Guarantors
(as defined in the Indenture referred to herein) and The Bank of New York, as successor trustee under the Indenture referred to below (the “Trustee”). 
  

WHEREAS, the Company and certain of the Guarantors have heretofore executed and delivered to the Trustee an indenture dated as of December 21, 1998 (as
such indenture has been supplemented and amended to date, the “Existing Indenture”, and the Existing Indenture, as it may from time to time be supplemented or amended by one or more additional indentures supplemental thereto entered into
pursuant to the applicable provisions thereof, being hereinafter called the “Indenture”), providing for the issuance of an aggregate principal amount of up to $400.0 million of 10 3/8% Senior Subordinated Notes due 2009 (the “Notes”); 
  
 WHEREAS, the Company and certain of the Guarantors have heretofore executed and delivered to the Trustee a supplemental
indenture dated as of June 7, 2000 providing for the unconditional guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth therein; 
  
 WHEREAS, the Company and the Guarantors propose to amend the Existing
Indenture (the “Proposed Amendments”), which Proposed Amendments must be approved with the written consent of the Holders of a majority of the aggregate principal amount of the outstanding Notes; 
  
 WHEREAS, the Company has solicited the consent of the Holders of the Notes
pursuant to the Offer to Purchase and Consent Solicitation Statement dated May 28, 2003, as amended, supplemented or modified (the “Consent Solicitation Statement”), to the Proposed Amendments to the Indenture upon the terms and subject to
the conditions set forth therein; 
  
 WHEREAS, pursuant to Section
9.02 of the Indenture, the Company and the Guarantors may amend or supplement the Indenture as contemplated hereby provided that the Holders of at least a majority in aggregate principal amount of Notes then outstanding have consented; 

 
 WHEREAS, the Company has received and delivered to the Trustee the consent
of the Holders of a majority in aggregate principal amount of the Notes to the Proposed Amendments; 
  
 WHEREAS, each of the Company and each Guarantor has been authorized by a resolution of its respective board of directors to enter into this Second
Supplemental Indenture; 

 WHEREAS, all other acts and proceedings required by law, by the Existing Indenture and by the certificate
of incorporation and by-laws of the Company and the Guarantors to make this Second Supplemental Indenture a valid and binding agreement for the purposes expressed herein, in accordance with its terms, have been duly done and performed; 

 
 WHEREAS, pursuant to Section 9.06, the Trustee is authorized to execute
and deliver this Second Supplemental Indenture; 
  
 WHEREAS,
following the execution of this Second Supplemental Indenture, the terms hereof will become operative (the “Operative Date”) upon the acceptance for purchase by the Company of Notes validly tendered in the Offer to Purchase contemplated by
the Consent Solicitation Statement (the “Tender Offer Condition”); and 
  
 WHEREAS, the terms of this Second Supplemental Indenture shall be null and void if the Tender Offer Condition does not occur. 
  
 NOW, THEREFORE, THIS SECOND SUPPLEMENTAL INDENTURE WITNESSETH: 
  
 That, for and in consideration of the premises herein contained and in order to effect the proposed amendments contained in the Consent Solicitation
Statement, pursuant to Sections 9.02 and 9.06 of the Existing Indenture, the Company and the Guarantors agree with the Trustee as follows: 
  
 ARTICLE 1 
 Amendment of Existing
Indenture 
  
 Section 1.01 Amendment of Existing
Indenture. Effective as of the Operative Date, this Second Supplemental Indenture amends the Existing Indenture as provided for herein. The Company, the Guarantors and the Trustee acknowledge and agree that no amendment or waiver of the
provisions described in Section 9.02 of the Existing Indenture as requiring the consent of each affected Holder has been made hereby. If the Operative Date does not occur on or prior to the date that is 210 days following the date of this Second
Supplemental Indenture, then the terms of this Second Supplemental Indenture shall be null and void and the Existing Indenture shall continue in full force and effect without any modification hereby. 
  
 Section 1.02 Amendment of Section 1.01. Pursuant to Section 9.02 of
the Existing Indenture, Section 1.01 of the Existing Indenture is hereby amended by deleting in their entirety the definitions of “Acquired Debt,” “Asset Acquisition,” “Consolidated Cash Flow,” “Consolidated Net
Income,” “Consulting Agreement,” “Cumulative Preferred Stock,” “Designated Noncash Consideration,” “Designated Preferred Stock,” “Fixed Charges,” “Fixed Charge Coverage Ratio,”
“Four-Quarter Period,” “Marketable Securities,” “Permitted Business,” “Permitted Investments,” “Permitted Liens,” 
  

 2 

 “Permitted Refinancing Indebtedness,” “Pro Forma Cost Savings,” “Restricted Investment,”
“Total Assets,” “Transactions,” and “Weighted Average Life to Maturity” contained in the Existing Indenture. 
  
 Section 1.03 Amendment of Section 1.02. Pursuant to Section 9.02 of the Existing Indenture, Section 1.02 of the Existing Indenture is hereby
amended and restated in its entirety to read as follows: 
 Section 1.02. Other Definitions. 
  

	 Term

	  	Defined in
Section

	 “Acceleration Notice”
	  	6.02
	 “Authentication Order”
	  	2.02
	 “Covenant Defeasance”
	  	8.03
	 “Event of Default”
	  	6.01
	 “Legal Defeasance”
	  	8.02
	 “Paying Agent”
	  	2.03
	 “Payment Blockage Notice”
	  	10.03
	 “Payment Default”
	  	6.01
	 “Redemption Date”
	  	3.07
	 “Registrar”
	  	2.03

  
 Section 1.04
Amendment of Section 2.04. Pursuant to Section 9.02 of the Existing Indenture, Section 2.04 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 2.04. [INTENTIONALLY OMITTED]. 
  
 Section 1.05 Amendment of Section 3.09. Pursuant to Section 9.02 of
the Existing Indenture, Section 3.09 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 3.09. [INTENTIONALLY OMITTED]. 
  
 Section 1.06 Amendment of Section 4.03. Pursuant to Section 9.02 of the Existing Indenture, Section 4.03 of the Existing Indenture is hereby
amended and restated in its entirety to read as follows: 
  
 Section 4.03.
[INTENTIONALLY OMITTED]. 
  
 Section 1.07 Amendment
of Section 4.04. Pursuant to Section 9.02 of the Existing Indenture, Section 4.04 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 4.04. [INTENTIONALLY OMITTED]. 
  

 3 

 Section 1.08 Amendment of Section 4.05. Pursuant to Section 9.02 of the Existing Indenture,
Section 4.05 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 4.05. [INTENTIONALLY OMITTED]. 
  
 Section 1.09 Amendment of Section 4.06. Pursuant to Section 9.02 of the Existing Indenture, Section 4.06 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 

 
 Section 4.06. [INTENTIONALLY OMITTED]. 
  
 Section 1.10 Amendment of Section 4.07. Pursuant to Section 9.02 of
the Existing Indenture, Section 4.07 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 4.07. [INTENTIONALLY OMITTED]. 
  
 Section 1.11 Amendment of Section 4.08. Pursuant to Section 9.02 of the Existing Indenture, Section 4.08 of the Existing Indenture is hereby
amended and restated in its entirety to read as follows: 
  
 Section 4.08.
[INTENTIONALLY OMITTED]. 
  
 Section 1.12 Amendment of
Section 4.09. Pursuant to Section 9.02 of the Existing Indenture, Section 4.09 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 4.09. [INTENTIONALLY OMITTED]. 
  
 Section 1.13 Amendment of Section 4.10. Pursuant to Section 9.02 of the Existing Indenture, Section 4.10 of the Existing Indenture is hereby
amended and restated in its entirety to read as follows: 
  
 Section 4.10.
[INTENTIONALLY OMITTED]. 
  
 Section 1.14 Amendment of
Section 4.11. Pursuant to Section 9.02 of the Existing Indenture, Section 4.11 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 4.11. [INTENTIONALLY OMITTED]. 
  
 Section 1.15 Amendment of Section 4.12. Pursuant to Section 9.02 of the Existing Indenture, Section 4.12 of the Existing Indenture is hereby
amended and restated in its entirety to read as follows: 
  
 Section 4.12.
[INTENTIONALLY OMITTED]. 
  

 4 

 Section 1.16 Amendment of Section 4.13. Pursuant to Section 9.02 of the Existing Indenture,
Section 4.13 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 4.13. [INTENTIONALLY OMITTED]. 
  
 Section 1.17 Amendment of Section 4.14. Pursuant to Section 9.02 of the Existing Indenture, Section 4.14 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 

 
 Section 4.14. [INTENTIONALLY OMITTED]. 
  
 Section 1.18 Amendment of Section 4.15. Pursuant to Section 9.02 of
the Existing Indenture, Section 4.15 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 4.15. [INTENTIONALLY OMITTED]. 
  
 Section 1.19 Amendment of Section 4.16. Pursuant to Section 9.02 of the Existing Indenture, Section 4.16 of the Existing Indenture is hereby
amended and restated in its entirety to read as follows: 
  
 Section 4.16.
[INTENTIONALLY OMITTED]. 
  
 Section 1.20 Amendment of
Section 4.17. Pursuant to Section 9.02 of the Existing Indenture, Section 4.17 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 4.17. [INTENTIONALLY OMITTED]. 
  
 Section 1.21 Amendment of Section 4.18. Pursuant to Section 9.02 of the Existing Indenture, Section 4.18 of the Existing Indenture is hereby
amended and restated in its entirety to read as follows: 
  
 Section 4.18.
[INTENTIONALLY OMITTED]. 
  
 Section 1.22 Amendment of
Section 5.01. Pursuant to Section 9.02 of the Existing Indenture, Section 5.01 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 5.01. [INTENTIONALLY OMITTED]. 
  
 Section 1.23 Amendment of Section 5.02. Pursuant to Section 9.02 of the Existing Indenture, Section 5.02 of the Existing Indenture is hereby
amended and restated in its entirety to read as follows: 
  
 Section 5.02.
[INTENTIONALLY OMITTED]. 
  

 5 

 Section 1.24 Amendment of Section 6.01. Pursuant to Section 9.02 of the Existing Indenture,
Section 6.01 of the Existing Indenture is hereby amended and restated in its entirety to read as follows: 
  
 Section 6.01. Events of Default 
  
 Each of the following is an Event of Default: 
  

	 	(i)	 	default for 30 days in the payment when due of interest on, or Liquidated Damages with respect to, the Notes, whether or not prohibited by Article 10 hereof;

  

	 	(ii)	 	default in payment when due of the principal of or premium, if any, on the Notes, whether or not prohibited by Article 10 hereof; 

  

	 	(iii)	 	[INTENTIONALLY OMITTED]; 

  

	 	(iv)	 	[INTENTIONALLY OMITTED]; 

  

	 	(v)	 	[INTENTIONALLY OMITTED]; 

  

	 	(vi)	 	the Company or any of its Significant Restricted Subsidiaries or any group of Subsidiaries that, taken as a whole, would constitute a Significant Restricted Subsidiary pursuant to
or within the meaning of Bankruptcy Law: 

  
 (A) commences a voluntary case; 
  
 (B)
consents to the entry of an order for relief against it in an involuntary case; 
  
 (C) consents to the appointment of a custodian of it or for all or substantially all of its property 
  
 (D) makes a general assignment for the benefit of its
creditors; or 
  
 (E) generally is not paying its
debts as they become due; or 
  

	 	(vii)	 	a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

  

	 	(A)	 	is for relief against the Company or any of its Significant Restricted Subsidiaries or any group of Subsidiaries that, taken as a whole, would constitute a Significant Restricted
Subsidiary in an involuntary case; 

  

	 	(B)	 	appoints a custodian of the Company or any of its Significant Restricted Subsidiaries or any group of Subsidiaries that, taken as a whole, would constitute a Significant Restricted
Subsidiary or for all or substantially all of the 

  

 6 

 property of the Company or any of its Significant Restricted Subsidiaries or any group of Subsidiaries
that, taken as a whole, would constitute a Significant Subsidiary; or 
  

	 	(C)	 	orders the liquidation of the Company or any of its Significant Restricted Subsidiaries or any group of Subsidiaries that, taken as a whole, would constitute a Significant
Restricted Subsidiary; 

  
 and the
order or decree remains unstayed and in effect for 60 consecutive days. 
  

	 	(viii)	 	[INTENTIONALLY OMITTED]. 

  
 Section 1.25 Amendment of Section 8.04. Pursuant to Section 9.02 of the Existing Indenture, Section 8.04 of the Existing Indenture is hereby
amended and restated in its entirety to read as follows: 
  
 Section 8.04.
Conditions to Legal or Covenant Defeasance. 
  
 The following
shall be the conditions to the application of either Section 8.02 or 8.03 hereof to the outstanding Notes: 
  
 In order to exercise either Legal Defeasance or Covenant Defeasance: 
  

	 	(a)	 	the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash in United States dollars, non-callable Government Securities, or a combination
thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium, if any, and interest and Liquidated Damages, if any on the outstanding Notes on the
stated maturity or on the applicable redemption date, as the case may be and the Company must specify whether the Notes are being defeased to maturity or to a particular redemption date; 

  

	 	(b)	 	[INTENTIONALLY OMITTED]; 

  

	 	(c)	 	[INTENTIONALLY OMITTED]; 

  

	 	(d)	 	[INTENTIONALLY OMITTED]; 

  

	 	(e)	 	such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under the Senior Credit Facilities or any other material agreement
or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 

  

	 	(f)	 	[INTENTIONALLY OMITTED]; 

  

 7 

	 	(g)	 	[INTENTIONALLY OMITTED]; 

  

	 	(h)	 	the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for or relating to the
Legal Defeasance or the Covenant Defeasance have been complied with. 

  
 ARTICLE 2 
 The Trustee 
  
 Section 2.01. Privileges and Immunities of Trustee. The Trustee accepts the amendment of the Indenture effected by
this Second Supplemental Indenture but only upon the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in
like manner define and limit its liabilities and responsibilities in the performance of the trust created by the Indenture as hereby amended. The Trustee shall not be responsible for the adequacy or sufficiency of the Second Supplemental Indenture,
for the due execution thereof by the Company and the Guarantors or for the recitals contained herein, which are the Company’s and the Guarantors’ responsibilities. 
  
 ARTICLE 3 
 Miscellaneous Provisions 
  
 Section 3.01.
Instruments to be Read Together. This Second Supplemental Indenture is an indenture supplemental to and in implementation of the Existing Indenture, and said Existing Indenture and this Second Supplemental Indenture shall henceforth be read
together. 
  
 Section 3.02. Confirmation. The Existing
Indenture as amended and supplemented by this Second Supplemental Indenture is in all respects confirmed and preserved. 
  
 Section 3.03. Terms Defined. Capitalized terms used herein without definition shall have the meanings assigned to them in the Existing Indenture.

  
 Section 3.04. Counterparts. This Second Supplemental
Indenture may be signed 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 3.05. Effect of Headings. The Section headings herein are for
convenience only and shall not affect the construction hereof. 
  

 8 

 Section 3.06. Effectiveness. The provisions of this Second Supplemental Indenture will take effect
immediately upon execution thereof by the parties hereto and will become operative on the Operative Date of this Second Supplemental Indenture. If the Tender Offer Condition does not occur, the terms of this Second Supplemental Indenture shall be
null and void. 
  
 Section 3.07. Governing Law. The
internal law of the State of New York shall govern and be used to construe this Second Supplemental Indenture without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction
would be required thereby. This Second Supplemental Indenture is subject to the provisions of the Trust Indenture Act that are required to be part of the Indenture and shall, to the extent applicable, be governed by such provisions. 
  
  

 9 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed
as of the date first above written. 
  
 Domino’s, Inc. 
  
 By: /s/ Joseph P. Donovan                         
 Name: Joseph P. Donovan 
 Title: Treasurer 
  
 Domino’s Franchise Holding Co. 
  
 By: /s/ Joseph P. Donovan                         
 Name: Joseph P. Donovan 
 Title: Treasurer 
  
 Domino’s Pizza International 
 Payroll Services, Inc. 
  
 By: /s/ Harry J. Silverman / /s/ Joseph P.
Donovan         
 Name: Harry J. Silverman / Joseph P. Donovan 
 Title: Vice President / Treasurer 
  
 Domino’s Pizza International, Inc. 
  

By: /s/ Harry J.
Silverman                         
 Name: Harry J. Silverman 
 Title: Vice President 
  
 Domino’s Pizza-Government 
 Services Division, Inc. 
  
 By: /s/ J. Robert
Gates                               
 Name: J. Robert Gates 
 Title: President 
  

 10 

 Domino’s Pizza L.L.C. 
  
 By: /s/ Joseph P.
Donovan                         
 Name: Joseph P. Donovan 
 Title: Treasurer 
  
 Domino’s Pizza PMC, Inc. 
  
 By: /s/ Joseph P. Donovan                         
 Name: Joseph P. Donovan 
 Title: Treasurer 
  
 The Bank of New York, 
 as Trustee 
  
 By: /s/ Eric A.
Lindahl                               
 Name: Eric A. Lindahl 
 Title: Agent 
  

 11

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