<SEC-DOCUMENT>0000950157-23-000445.txt : 20230505
<SEC-HEADER>0000950157-23-000445.hdr.sgml : 20230505
<ACCEPTANCE-DATETIME>20230505160831
ACCESSION NUMBER:		0000950157-23-000445
CONFORMED SUBMISSION TYPE:	S-3ASR
PUBLIC DOCUMENT COUNT:		15
FILED AS OF DATE:		20230505
DATE AS OF CHANGE:		20230505
EFFECTIVENESS DATE:		20230505

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARTIN MARIETTA MATERIALS INC
		CENTRAL INDEX KEY:			0000916076
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				561848578
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-3ASR
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-271686
		FILM NUMBER:		23893861

	BUSINESS ADDRESS:	
		STREET 1:		4123 PARKLAKE AVE
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27612
		BUSINESS PHONE:		919-781-4550

	MAIL ADDRESS:	
		STREET 1:		4123 PARKLAKE AVE
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27612
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3ASR
<SEQUENCE>1
<FILENAME>s3asr.htm
<DESCRIPTION>REGISTRATION STATEMENT
<TEXT>
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      <div style="text-align: center;">As filed with the Securities and Exchange Commission on May 5, 2023</div>
      <div style="text-align: right;">Registration No. 333-</div>
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
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      <div style="text-align: center; font-size: 12pt; font-weight: bold;">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-weight: bold;">Washington, D.C. 20549</div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM S-3</div>
      <div style="text-align: center; font-weight: bold;">REGISTRATION STATEMENT</div>
      <div style="text-align: center; font-weight: bold;">UNDER THE SECURITIES ACT OF 1933</div>
      <div><br>
      </div>
      <div style="text-align: center; font-size: 24pt; font-weight: bold;">MARTIN MARIETTA MATERIALS, INC.</div>
      <div style="text-align: center; font-style: italic;">(Exact name of Registrant as specified in its charter)</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z9e99a27e706244e29312b5b59011dccd" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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              <div style="text-align: center; font-weight: bold;">North Carolina</div>
              <div style="text-align: center; font-style: italic;">(State or other jurisdiction of</div>
              <div style="text-align: center; font-style: italic;">incorporation or organization)</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">56-1848578</div>
              <div style="text-align: center; font-style: italic;">(I.R.S. Employer</div>
              <div style="text-align: center; font-style: italic;">Identification Number)</div>
            </td>
          </tr>

      </table>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="text-align: center; font-weight: bold;">4123 Parklake Avenue</div>
      <div style="text-align: center; font-weight: bold;">Raleigh, North Carolina 27612</div>
      <div style="text-align: center; font-weight: bold;">(919) 781-4550</div>
      <div style="text-align: center;">(Address, including zip code, and telephone number,</div>
      <div style="text-align: center;">including area code, of registrant&#8217;s principal executive offices)</div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="text-align: center; font-weight: bold;">Roselyn R. Bar</div>
      <div style="text-align: center; font-weight: bold;">Executive Vice President, General Counsel and Corporate Secretary</div>
      <div style="text-align: center; font-weight: bold;">Martin Marietta Materials, Inc.</div>
      <div style="text-align: center; font-weight: bold;">4123 Parklake Avenue</div>
      <div style="text-align: center; font-weight: bold;">Raleigh, North Carolina 27612</div>
      <div style="text-align: center; font-weight: bold;">(919) 781-4550</div>
      <div style="text-align: center;">(Name, address, including zip code, telephone number,</div>
      <div style="text-align: center;">including area code, of agent for service)</div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="text-align: center; font-style: italic;">Copy to:</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Joseph D. Zavaglia</div>
      <div style="text-align: center; font-weight: bold;">Cravath, Swaine &amp; Moore LLP</div>
      <div style="text-align: center; font-weight: bold;">825 Eighth Avenue</div>
      <div style="text-align: center; font-weight: bold;">Worldwide Plaza</div>
      <div style="text-align: center; font-weight: bold;">New York, New York 10019</div>
      <div style="text-align: center; font-weight: bold;">(212) 474-1724<br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="text-indent: 36pt;"><font style="font-size: 9pt; font-weight: bold;">Approximate date of commencement of proposed sale to the public: </font><font style="font-size: 9pt;">From time to time after the effective date of this Registration
          Statement.</font></div>
      <div style="font-size: 9pt;"><br>
      </div>
      <div style="text-indent: 36pt; font-size: 9pt;">If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box.&#160; <font style="font-size: 11pt;">&#9744;</font></div>
      <div style="font-size: 9pt;"><br>
      </div>
      <div style="text-indent: 36pt; font-size: 9pt;">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in
        connection with dividend or interest reinvestment plans, check the following box.&#160; <font style="font-size: 11pt;">&#9746;</font></div>
      <div style="font-size: 9pt;"><br>
      </div>
      <div style="text-indent: 36pt; font-size: 9pt;">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration
        statement number of the earlier effective registration statement for the same offering.&#160;<font style="font-size: 11pt;"> &#9744;</font></div>
      <div style="font-size: 9pt;"><br>
      </div>
      <div style="text-indent: 36pt; font-size: 9pt;">If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier
        effective registration statement for the same offering.&#160; <font style="font-size: 11pt;">&#9744;</font></div>
      <div style="font-size: 9pt;"><br>
      </div>
      <div style="text-indent: 36pt; font-size: 9pt;">If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e)
        under the Securities Act, check the following box.&#160;<font style="font-size: 11pt;"> &#9746;</font></div>
      <div style="font-size: 9pt;"><br>
      </div>
      <div style="text-indent: 36pt; font-size: 9pt;">If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to
        Rule 413(b) under the Securities Act, check the following box.&#160; <font style="font-size: 11pt;">&#9744;</font></div>
      <div style="font-size: 9pt;"><br>
      </div>
      <div style="text-indent: 36pt; font-size: 9pt;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions
        of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
      <div style="font-size: 9pt;"><br>
      </div>
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            <td style="width: 20%; vertical-align: middle; font-size: 9pt;">
              <div>Large accelerated filer</div>
            </td>
            <td style="width: 30%; vertical-align: middle; font-size: 9pt;"> <font style="font-size: 11pt;">&#9746;</font> </td>
            <td style="width: 20%; vertical-align: middle; font-size: 9pt;">
              <div>Accelerated filer</div>
            </td>
            <td style="width: 30%; vertical-align: middle; font-size: 9pt;">
              <div style="font-size: 11pt;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: middle; font-size: 9pt;">
              <div>Non-accelerated filer</div>
            </td>
            <td style="width: 30%; vertical-align: middle; font-size: 9pt;">
              <div style="font-size: 11pt;">&#9744;</div>
            </td>
            <td style="width: 20%; vertical-align: middle; font-size: 9pt;">
              <div>Smaller reporting company</div>
            </td>
            <td style="width: 30%; vertical-align: middle; font-size: 9pt;">
              <div style="font-size: 11pt;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: middle; font-size: 9pt;">
              <div>Emerging growth company</div>
            </td>
            <td style="width: 30%; vertical-align: middle; font-size: 9pt;">
              <div style="font-size: 11pt;">&#9744;</div>
            </td>
            <td style="width: 20%; vertical-align: top; font-size: 9pt;">&#160;</td>
            <td style="width: 30%; vertical-align: middle; font-size: 9pt;">&#160;</td>
          </tr>

      </table>
      <div style="font-size: 9pt;"><br>
      </div>
      <div style="text-indent: 36pt; font-size: 9pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
        provided pursuant to Section 7(a)(2)(B) of the Securities Act.&#160; <font style="font-size: 11pt;">&#9744;</font></div>
      <div style="text-indent: 36pt; font-size: 9pt;"><font style="font-size: 11pt;"> <br>
        </font></div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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      <div><br>
      </div>
      <div>Prospectus</div>
      <div><br>
      </div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">Martin Marietta Materials, Inc.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-style: italic; font-weight: bold;">Debt Securities</div>
      <div style="text-align: center; font-style: italic; font-weight: bold;">Common Stock</div>
      <div style="text-align: center; font-style: italic; font-weight: bold;">Preferred Stock</div>
      <div style="text-align: center; font-style: italic; font-weight: bold;">Warrants</div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The following are types of securities that we may offer, issue and sell from time to time, together or separately:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z835cc0b6f8a9404a98be2570d3866139" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>debt securities, which may be senior or subordinated, convertible or non-convertible&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z5594175aca0c40388cd77a8f0da3c4a5" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>shares of our preferred stock&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze5ce72ddeeaa4b11945b41cd40d95661" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>shares of our common stock&#894; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zd251a1a4daa54a628cb66c908be8096a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>warrants to purchase debt or equity securities.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">This prospectus describes some of the general terms that may apply to the offered securities. The specific terms and amounts of the offered securities will be fully described in supplements to this prospectus, which
        may add, update or change information in this prospectus. Please read carefully any prospectus supplements or related free writing prospectus and this prospectus and any information incorporated by reference carefully before you invest in these
        securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Our common stock is listed on The New York Stock Exchange under the trading symbol &#8220;MLM.&#8221; Each prospectus supplement will indicate if the securities offered thereby will be listed on any securities exchange.</div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; font-weight: bold;">Investing in our securities involves risks. See &#8220;Risk factors&#8221; on page 1.</div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; font-weight: bold;">Neither the Securities and Exchange Commission (the &#8220;SEC&#8221;) nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this
        prospectus. Any representation to the contrary is a criminal offense.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">We may offer and sell these securities to or through one or more underwriters, dealers or agents, or directly to purchasers, on a continuous or delayed basis. The names of any underwriters, dealers or agents and the
        terms of the arrangements with such entities will be stated in an accompanying prospectus supplement or any related free writing prospectus.</div>
      <div></div>
      <div style="text-indent: 36pt; font-weight: bold;"> <br>
      </div>
      <div style="text-indent: 36pt; font-weight: bold;">
        <table cellspacing="0" cellpadding="0" id="z69af007786604eccabcf54ce85f23ed8" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 100%; vertical-align: top; font-weight: bold;">
                <div style="text-align: center;">The date of this prospectus is May 5, 2023.</div>
              </td>
            </tr>

        </table>
      </div>
      <div> </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
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      <div style="text-align: center; font-weight: bold;">Table of Contents</div>
      <div style="text-align: center; font-weight: bold;"><a name="TableofContents"><!--Anchor--></a></div>
      <div style="text-align: right;"><u> <br>
        </u></div>
      <div style="text-align: right;"><u>Page</u></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" id="z7dc3703c84d64e0981c7bbdeb60920cd" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Aboutthisprospectus">About this prospectus</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Aboutthisprospectus">ii</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Abouttheregistrant">About the registrant</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Abouttheregistrant">1</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Riskfactors">Risk factors</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Riskfactors">1</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Forward-lookingstatements">Forward-looking statements</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Forward-lookingstatements">1</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Useofproceeds">Use of proceeds</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Useofproceeds">2</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Descriptionofdebtsecuriti">Description of debt securities</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Descriptionofdebtsecuriti">2</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Descriptionofcapitalstock">Description of capital stock</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Descriptionofcapitalstock">8</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Descriptionofwarrants">Description of warrants</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Descriptionofwarrants">12</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Taxation">Taxation</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Taxation">13</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Planofdistribution">Plan of distribution</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Planofdistribution">13</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Legalmatters">Legal matters</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Legalmatters">15</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Experts">Experts</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Experts">15</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Whereyoucanfindmoreinform">Where you can find more information</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Whereyoucanfindmoreinform">15</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 93.27%; vertical-align: top;">
              <div style="margin-right: 36pt;"><a href="#Incorporationbyreference">Incorporation by reference</a></div>
            </td>
            <td style="width: 6.73%; vertical-align: top;">
              <div style="text-align: right;"><a href="#Incorporationbyreference">16</a></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">i</font></div>
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        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Aboutthisprospectus"><!--Anchor--></a>About this prospectus</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">This prospectus is part of a Registration Statement on Form S-3 that we filed with the SEC utilizing a &#8220;shelf&#8221; registration process. Under this shelf process, we may, from time to time, sell the
        securities described in this prospectus in one or more offerings. We have omitted parts of the registration statement in accordance with the rules and regulations of the SEC. This prospectus provides you only with a general description of the
        securities we may offer. Each time we sell securities using this prospectus, we will provide a prospectus supplement or prospectus supplements containing specific information about the terms of that offering. The prospectus supplement may also add
        to, update or change information contained in this prospectus. If there is any inconsistency between the information in this prospectus and any prospectus supplement, you should rely on the information in the prospectus supplement. You should read
        both this prospectus and any prospectus supplement together with additional information described under the heading &#8220;Where you can find more information&#8221; and &#8220;Incorporation by reference&#8221; before purchasing any of our securities. References to
        &#8220;securities&#8221; include any security that we might sell under this prospectus and any prospectus supplement. References to &#8220;$&#8221; and &#8220;dollars&#8221; are to United States dollars.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">This prospectus contains summaries of certain provisions contained in some of the documents described herein. Please refer to the actual documents for complete information. All of the summaries are
        qualified in their entirety by the actual documents. Copies of such documents have been filed, or will be filed or incorporated by reference as exhibits to the registration statement of which this prospectus is a part, and you may obtain copies of
        those documents as described under &#8220;Where you can find more information&#8221; and &#8220;Incorporation by reference.&#8221;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000; font-weight: bold;">You should rely only on the information contained or incorporated by reference in this prospectus or applicable prospectus supplement or any free writing prospectus. &#8220;Incorporated by
        reference&#8221; means that we can disclose important information to you by referring you to another document filed separately with the SEC. We have not authorized anyone to provide you with different or additional information. We are not making an offer
        to sell these securities in any jurisdiction where the offer or sale of these securities is not permitted. You should assume that the information in this prospectus or any prospectus supplement or any related free writing prospectus, as well as the
        information incorporated by reference herein or therein, is accurate only as of the date of the document containing such information. Our business, financial condition, results of operations and prospects may have changed since those dates.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">In this prospectus and any prospectus supplement, unless otherwise indicated, the terms &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us&#8221; and &#8220;our&#8221; refer to Martin Marietta Materials, Inc. and its consolidated subsidiaries.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
    </div>
    <div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">ii</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <!--PROfilePageNumberReset%Num%1%%%-->
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Abouttheregistrant"><!--Anchor--></a>About the registrant</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">We are a natural resource-based building materials company. We supply aggregates (crushed stone, sand and gravel) through our network of approximately 350 quarries, mines and distribution yards in 28 states, Canada and
        The Bahamas. We also provide cement and downstream products, namely, ready mixed concrete, asphalt and paving services, in markets that are naturally vertically-integrated and where we have a leading aggregates position. Our heavy-side building
        materials are used in infrastructure, nonresidential and residential construction projects. Aggregates are also used in agricultural, utility and environmental applications and as railroad ballast. We also operate a Magnesia Specialties business
        with production facilities in Michigan and Ohio. Our Magnesia Specialties business produces magnesia-based chemical products that are used in industrial, agricultural and environmental applications. It also produces dolomitic lime sold primarily to
        customers for steel production and soil stabilization. Our Magnesia Specialties&#8217; products are shipped to customers domestically and worldwide.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">We were formed in 1993 as a North Carolina corporation to serve as successor to the operations of the materials group of the organization that is now Lockheed Martin Corporation.&#160; Our principal executive offices are
        located at 4123 Parklake Avenue, Raleigh, North Carolina 27612, and our telephone number is (919) 781-4550.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Riskfactors"><!--Anchor--></a>Risk factors</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Investment in the offered securities involves risks. Before acquiring any securities offered pursuant to this prospectus, you should carefully consider the information contained or incorporated by
        reference in this prospectus or in any accompanying prospectus supplement or any related free writing prospectus, including, without limitation, the risks described under the caption &#8220;Risk Factors&#8221; in our Annual Report on Form 10-K for the fiscal
        year ended December 31, 2022 and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, as the same may be updated from time to time by our subsequent filings with the SEC. The occurrence of any of these risks might cause you to
        lose all or a part of your investment in the offered securities. The prospectus supplement applicable to securities we may offer under this prospectus may contain a discussion of additional risks applicable to an investment in the particular type
        of securities we are offering under that prospectus supplement. Please also refer to the section below entitled &#8220;Forward-looking statements.&#8221;</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Forward-lookingstatements"><!--Anchor--></a>Forward-looking statements</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">This prospectus, including the information incorporated herein by reference, any prospectus supplement, any related free writing prospectus and the information incorporated by reference therein, contain statements
        which, to the extent they are not recitations of historical fact, constitute forward-looking statements within the meaning of federal securities law. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and
        are based on assumptions that we believe in good faith are reasonable at the time the statements are made, but which may be materially different from actual results. Investors can identify these statements by the fact that they do not relate only
        to historic or current facts. The words &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;forecast,&#8221; &#8220;intend,&#8221; &#8220;outlook,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; &#8220;scheduled,&#8221; and similar expressions in connection with future events or
        future operating or financial performance are intended to identify forward-looking statements. Any or all of the Company&#8217;s forward-looking statements in this prospectus, including the information incorporated herein by reference, any prospectus
        supplement, any related free writing prospectus and the information incorporated by reference therein and in other publications may turn out to be wrong.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Statements and assumptions on future revenues, income and cash flows, performance, economic trends, the outcome of litigation, regulatory compliance, and environmental remediation cost estimates are examples of
        forward-looking statements. Numerous factors, including those discussed in the documents referred to under the heading &#8220;Risk factors&#8221; which include our filings with the SEC referred to under the heading &#8220;Incorporation by reference&#8221; could affect our
        forward-looking statements and actual performance. You should consider all of our forward-looking statements in light of the factors discussed in those documents. In addition, other risks and uncertainties not presently known to us or that we
        currently consider immaterial could affect the accuracy of our forward-looking statements.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Except as required by law, we undertake no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this prospectus.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">1</font></div>
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        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Useofproceeds"><!--Anchor--></a>Use of proceeds</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Unless otherwise indicated in a prospectus supplement, the net proceeds from the sale of securities offered by this prospectus and any applicable prospectus supplement will be used for general corporate purposes. Until
        we apply the proceeds from a sale of securities to their intended purposes, we may invest those proceeds in short-term investments, including repurchase agreements, some or all of which may not be investment grade.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Descriptionofdebtsecuriti"><!--Anchor--></a>Description of debt securities</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; font-style: italic;">The following description of the terms of the debt securities sets forth certain general terms and provisions of the debt securities to which any prospectus supplement may relate. The particular
        terms of the debt securities offered by any prospectus supplement and the extent, if any, to which these general provisions may apply to those debt securities will be described in the prospectus supplement relating to those debt securities.
        Accordingly, for a description of the terms of a particular issue of debt securities, reference must be made to both the prospectus supplement relating thereto and to the following description.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">We may issue senior or subordinated debt securities. We will issue the senior debt securities under an indenture, dated as of May 22, 2017 (the &#8220;senior indenture&#8221;), between us and Regions Bank, as trustee, and any
        supplemental indentures thereto. We will issue the subordinated debt securities under an indenture to be entered into between us and Regions Bank, as trustee, and any supplemental indentures thereto. We refer to the applicable indenture under which
        subordinated debt securities are issued as the &#8220;subordinated indenture.&#8221; We refer to the senior indenture and the subordinated indenture, collectively, as the &#8220;base indentures.&#8221;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">As used in this prospectus, &#8220;debt securities&#8221; means our direct unsecured general obligations and may include debentures, notes, bonds or other evidences of indebtedness that we issue and the trustee
        authenticates and delivers under the applicable base indenture. The prospectus supplement relating to any offering of debt securities will describe more specific terms of the debt securities being offered.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Debt securities will be issued under a base indenture in one or more series established pursuant to a supplemental indenture or a resolution duly adopted by our board of directors or a duly authorized
        committee thereof. The base indentures do not limit the aggregate principal amount of debt securities that may be issued thereunder, or the amount of series that may be issued. We refer to the base indentures (together with each applicable
        supplemental indenture or resolution establishing the applicable series of debt securities) collectively in this prospectus as the &#8220;indentures.&#8221; The indentures will be subject to and governed by the Trust Indenture Act of 1939, as amended (the
        &#8220;Trust Indenture Act&#8221;).</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The senior indenture and the form of the subordinated indenture have been filed as exhibits to the registration statement of which this prospectus forms a part. The following summaries of certain
        provisions of the base indentures do not purport to be complete and are subject to, and are qualified in their entirety by reference to, all provisions of the base indenture and the supplemental indenture or board resolution (including the form of
        debt security) relating to the applicable series of debt securities.</div>
      <div><br>
      </div>
      <div style="color: #000000; font-weight: bold;">General</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The senior debt securities will be our unsecured obligations and will rank equally with all of our other senior debt from time to time outstanding. The subordinated debt securities will be subordinated
        in right of payment to the prior payment in full of our unsubordinated debt, including any senior debt securities, as described below under &#8220;&#8212;Subordinated indenture provisions&#8212;Subordination.&#8221;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Our secured debt will be effectively senior to the debt securities to the extent of the value of the assets securing such secured debt. Unless otherwise indicated in a prospectus supplement, the debt
        securities will be exclusively our obligations and not of our subsidiaries and therefore the debt securities will be structurally subordinated to the debt and liabilities of any of our subsidiaries.</div>
      <div><br>
      </div>
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        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The applicable prospectus supplement will describe the specific terms of each series of debt securities being offered, including some or all of the following:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z093ada22c965439998c798895852e6c4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the title of the debt securities&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z785c54eda80043f88d5ad014c1523bfe" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the price at which the debt securities will be issued (including any issue discount)&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z968804e8cdbb4965ba692a83eeebdb32" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any limit on the aggregate principal amount of the debt securities&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z710163e5eae1480a976fb971887d3312" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the date or dates (or manner of determining the same) on which the debt securities will mature&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z1a38ed2e56a4431eb31e960bddb82b33" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the rate or rates (which may be fixed or variable) per annum (or the method or methods by which such rate or rates will be determined) at which the debt securities will bear interest, if any, and the date or dates from which such
                interest will accrue&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zaad37a46b1d14ad8a10940f91dd75d83" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the date or dates on which such interest will be payable and the record dates for such interest payment dates and the basis upon which interest shall be calculated if other than that of a 360-day year of twelve 30-day months&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z0dd9ce3ad811426a9dc1b455a09efba1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>if the trustee in respect of the debt securities is other than Regions Bank (or any successor thereto), the identity of the trustee&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze210da4256604516888d22d000b0f589" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any mandatory or optional sinking fund or purchase fund or analogous provision for such debt securities&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z19bd2421e746488d8eeb87eed8fa410b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any provisions relating to the date after which, the circumstances under which, and the price or prices at which the debt securities may, pursuant to any optional or mandatory redemption provisions, be redeemed at our option or of the
                holder thereof and certain other terms and provisions of such optional or mandatory redemption&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z51d9f2f3a46748a0b21a046b678c08d9" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>if the debt securities are denominated in other than U.S. dollars, the currency or currencies (including composite currencies) in which the debt securities are denominated&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z56f3a26d15944f2ca3e11c5fde1239ac" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>if payments of principal (and premium, if any) or interest, if any, in respect of the debt securities are to be made in a currency other than U.S. dollars or the amounts of such payments are to be determined with reference to an index
                based on a currency or currencies other than that in which the debt securities are denominated, the currency or currencies (including composite currencies) or the manner in which such amounts are to be determined, respectively&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z73696716fbaa4ce1bbf3fc33f795aa09" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
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            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>if other than or in addition to the events of default described in the base indentures, the events of default with respect to the debt securities of that series&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc738b9f6266d427b9f50c124abda98a4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any provisions relating to the conversion of debt securities into debt securities of another series or shares of our capital stock or any other equity securities&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z61924ed3473744b3abf7d5d89c2ffeb2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>for the subordinated debt securities, whether the specific subordination provisions applicable to the subordinated debt securities are other than as set forth in the subordinated indenture&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z97086d9bc522435b9fed2b2ae197e6a5" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any provisions restricting defeasance of the debt securities&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z85841afa38cf4ab3b18172cd4280997a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any covenants or other restrictions on our operations&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z24035efb143549f6849fca309e669044" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>conditions to any merger or consolidation&#894; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z34f1ac957cda4bcca78734b7efb9d85e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any other terms of the debt securities.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Unless otherwise indicated in a prospectus supplement in respect of which this prospectus is being delivered, principal of, premium, if any, and interest, if any, on the debt securities (other than debt
        securities issued as global securities) will be payable, and the debt securities (other than debt securities issued as global securities) will be exchangeable and transfers thereof will be registrable, at the office of the trustee with respect to
        such series of debt securities and at any other office maintained at that time by us for such purpose; provided that, at our option, payment of interest may be made by check mailed to the address of the holder as it appears in the register of the
        debt securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Unless otherwise indicated in a prospectus supplement relating thereto, the debt securities will be issued only in fully registered form, without coupons, in minimum denominations of $2,000 and integral
        multiples of $1,000 thereafter. For certain information about debt securities issued in global form, see &#8220;&#8212;Global securities&#8221; below. No service charge shall be made for any registration of transfer or exchange of the securities, but we may require
        payment of a sum sufficient to cover any transfer tax or other governmental charge payable in connection therewith.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Debt securities bearing no interest or interest at a rate that at the time of issuance is below the prevailing market rate will be sold at a discount below their stated principal amount. Special U.S.
        federal income tax considerations applicable to any such discounted debt securities or to certain debt securities issued at par which are treated as having been issued at a discount for U.S. federal income tax purposes will be described in the
        prospectus supplement in respect of which this prospectus is being delivered, if applicable.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Debt securities may be issued, from time to time, with the principal amount payable on the applicable principal payment date, or the amount of interest payable on the applicable interest payment date,
        to be determined by reference to one or more currency exchange rates or other factors. In such cases, holders of such debt securities may receive a principal amount on any principal payment date, or a payment of interest on any interest payment
        date, that is greater than or less than the amount of principal or interest payable on such dates, depending upon the value on such dates of the applicable currency or other factor. Information, if any, as to the methods for determining the amount
        of principal or interest payable on any date, the currencies or the factors to which the amount payable on such date is linked and certain additional tax considerations applicable to the debt securities will be set forth in a prospectus supplement
        in respect of which this prospectus is being delivered.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The indentures provide that the trustee and the paying agent shall promptly pay to us upon request any money held by them for the payment of principal (and premium, if any) or interest that remains
        unclaimed for two years.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The base indentures do not limit the amount of additional unsecured indebtedness that we or any of our subsidiaries may incur. Unless otherwise specified in the resolutions or in any supplemental indenture establishing
        the terms of the debt securities, the terms of the debt securities do not afford holders of the debt securities protection in the event of a highly leveraged or other similar transaction involving us that may adversely affect the holders of the
        debt securities. Debt securities of any particular series need not be issued at the same time and, unless otherwise provided, a series may be re-opened, without the consent of the holders of such debt securities, for issuances of additional debt
        securities of that series, unless otherwise specified in the resolutions or any supplemental indenture establishing the terms of the debt securities.</div>
      <div><br>
      </div>
      <div style="color: #000000; font-weight: bold;">Global securities</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The debt securities of a series may be issued in whole or in part in the form of one or more global securities that will be deposited with the depositary identified in the applicable prospectus
        supplement. Unless it is exchanged in whole or in part for debt securities in definitive form, a global security may not be transferred. However, transfers of the whole security between the depositary for that global security and its nominees or
        its respective successors are permitted.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Unless otherwise provided in the applicable prospectus supplement, The Depository Trust Company, New York, New York, which we refer to in this prospectus as &#8220;DTC&#8221; will act as depositary for each series
        of global securities. Beneficial interests in global securities will be shown on, and transfers of global securities will be effected only through, records maintained by DTC and its participants.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Amendment, supplement and waiver</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Subject to certain exceptions, the indentures or the debt securities of any series may be amended or supplemented with the written consent of the holders of not less than a majority in principal amount of the then
        outstanding debt securities of the affected series&#894; provided that we and the trustee may not, without the consent of the holder of each outstanding debt security of such series affected thereby: (a) reduce the amount of debt securities of such
        series whose holders must consent to an amendment, supplement or waiver, (b) reduce the rate of or extend the time for payment of interest on any debt security of such series, (c) reduce the principal of or extend the fixed maturity of any debt
        security of such series, (d) reduce the portion of the principal amount of a discounted security of such series payable upon acceleration of its maturity or (e) make any debt security of such series payable in money other than that stated in such
        debt security. Any past default or compliance with any provisions may be waived with the consent of the holders of a majority in principal amount of the debt securities of the affected series, except a default in payment of principal or interest or
        in respect of other provisions requiring the consent of the holder of each such debt security of that series in order to amend. Without the consent of any holder of debt securities of such series, we and the trustee may amend or supplement the
        indentures or the debt securities without notice: (1) to cure any ambiguity, omission, defect or inconsistency, (2) to conform the text of the indenture or the debt securities to their respective descriptions in the prospectus related to such
        series, (3) to provide for uncertificated debt securities in addition to or in place of certificated debt securities, (4) to comply with the provisions of the applicable indenture concerning mergers, consolidations and transfers of all or
        substantially all of our assets, (5) to appoint a trustee other than Regions Bank (or any successor thereto) as trustee in respect of one or more series of debt securities, or (6) to add, change or eliminate provisions of the applicable indenture
        as shall be necessary or desirable in accordance with any amendment to the Trust Indenture Act. In addition, without the consent of any holder of debt securities, we and the trustee may amend or supplement the indentures or the debt securities to
        make any change that does not materially adversely affect the rights of any holder of that series of debt securities. Whenever we request the trustee to take any action under the indentures, including a request to amend or supplement the applicable
        indenture without the consent of any holder of debt securities, we are required to furnish the trustee with an officers&#8217; certificate and an opinion of counsel to the effect that all conditions precedent to the action have been complied with and, in
        the case of amendments or waivers, that such waiver or amendment is authorized or permitted under the applicable indentures. Without the consent of any holder of debt securities, the trustee may waive compliance with any provisions of the
        indentures or the debt securities if the waiver does not, in the determination of the company, materially adversely affect the rights of any such holder.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Default and remedies</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">An &#8220;Event of Default&#8221; under the indentures in respect of any series of debt securities is:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) default for 30 days in payment of any interest on the debt securities of that series;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) default in payment of any principal of, or premium, if any, on the debt securities of that series when due;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) failure by the Company for 90 days, after notice to it, to comply with any of its other agreements in the debt securities of that series or the applicable indenture for the benefit of holders of debt securities of
        that series;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) certain events of bankruptcy or insolvency applicable to the Company; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(5) any other event of default specifically provided for by the terms of such series, as described in the related prospectus supplement.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If an Event of Default in respect of the debt securities of a particular series (other than as referred to in clause (4)&#160;above) occurs and is continuing, the trustee or the holders of at least 25% in principal amount
        of the then outstanding debt securities of the affected series may declare the debt securities of that series to be due and payable immediately, but under certain conditions such acceleration may be rescinded by the holders of a majority in
        principal amount of the outstanding debt securities of the affected series. If an Event of Default referred to in clause (4)&#160;above occurs and is continuing, the principal of and interest on, all of the then outstanding debt securities will become
        immediately due and payable without any declaration or other act on the part of the trustee or the holders of such debt securities.</div>
      <div><br>
      </div>
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        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">5</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
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        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">No holder of debt securities may pursue any remedy against the Company under the applicable indenture (other than with respect to the right to receive any payment of principal, premium, if any, or interest due in
        respect of the debt securities of such series) unless such holder previously shall have given to the trustee written notice of default and unless the holders of at least 25% in principal amount of the debt securities of the affected series shall
        have made a written request to the trustee to pursue the remedy and shall have offered the trustee indemnity satisfactory to it, the trustee shall not have complied with the request within 60 days of receipt of the request and the offer of
        indemnity, and the trustee shall not have received direction inconsistent with the request during such 60-day period from the holders of a majority in principal amount of the debt securities of the affected series.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Holders of debt securities may not enforce the indentures or the debt securities except as provided in the applicable indenture. The trustee may refuse to enforce the indentures or the debt securities unless it
        receives indemnity satisfactory to it from the Company or, under certain circumstances, the holders of debt securities seeking to direct the trustee to take certain actions under the applicable indenture against any loss, liability or expense.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Subject to certain limitations, holders of a majority in principal amount of the debt securities of any series may direct the trustee in its exercise of any trust or power under the applicable indenture in respect of
        that series. The indentures provide that the trustee will give to the holders of debt securities of any particular series notice of all&#160; events of default actually known to it, within 90 days after the trustee obtains actual knowledge of any event
        of default with respect such debt securities, unless the event of default shall have been cured or waived. The trustee may withhold from holders of debt securities notice of any continuing event of default (except a default in any payment of
        principal, premium, if any, or interest due in respect of such debt securities) if it determines in good faith that withholding such notice is in the interests of such holders. The Company is required annually to certify to the trustee as to the
        compliance by the Company with certain covenants under the applicable indenture and the absence of a default thereunder, or as to any such default that existed.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the debt securities or the indentures or for any claim based on, in respect
        of, or by reason of, such obligations or their creation. By accepting a debt security, the holder of such debt security waives and releases all such claims and liability. This waiver and release are part of the consideration for the issue of the
        debt securities<font style="color: #000000;">.</font></div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Satisfaction, discharge and defeasance</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The indentures provide, unless such provision is made inapplicable to the debt securities of any series issued pursuant to the applicable indenture, that we may, subject to certain conditions described below, discharge
        our indebtedness and our obligations or certain of our obligations under the applicable indenture in respect of debt securities of a series by depositing funds or, in the case of debt securities payable in U.S. dollars, U.S. government obligations
        or debt securities of the same series with the trustee. The indentures provide that, upon satisfaction of certain conditions (1) we will be discharged from any obligation to comply with certain obligations under the indentures and any noncompliance
        with such obligations shall not be an event of default in respect of the series of debt securities or (2) we will be discharged from any and all obligations in respect of the series of debt securities (except for certain obligations, including
        obligations to register the transfer and exchange of the debt securities of such series, to replace mutilated, destroyed, lost or stolen debt securities of such series, to maintain paying agencies and to cause money to be held in trust), in either
        case upon the deposit with the trustee, in trust, of money, debt securities of the same series and/or U.S. government obligations that, through the payment of interest and principal in accordance with their terms, will provide money in an amount
        sufficient to pay the principal of and each installment of interest on the series of debt securities on the date when such payments become due in accordance with the terms of the applicable indenture and the series of debt securities. Unless
        otherwise indicated in a prospectus supplement, in the event of any such defeasance under clause (1) above, our other obligations under the applicable indenture and the debt securities of the affected series shall remain in full force and effect.
        In the event of a discharge under clause (2) above, the holders of debt securities of the affected series are entitled to payment only from the trust fund created by such deposit for payment. Prospective purchasers should consult their tax advisors
        as to the possible tax effects of such a defeasance and discharge.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">In connection with the defeasance of all or certain of our obligations under the indentures as provided above, we from time to time may elect to substitute U.S. government obligations or debt securities
        of the same series for any or all of the U.S. government obligations deposited with the trustee&#894; provided that the money, U.S. government obligations and/or debt securities of the same series in trust following such substitution or substitutions
        will be sufficient, through the payment of interest and principal in accordance with their terms, to pay the principal of and each installment of interest on the series of debt securities on the date when such payments become due in accordance with
        the terms of the applicable indenture and the series of debt securities. The indentures also may enable us (1) to direct the trustee to invest any money received by the trustee in the U.S. government obligations comprising the trust in additional
        U.S. government obligations and (2) to withdraw monies or U.S. government obligations from the trust from time to time&#894; provided that the money and/or U.S. government obligations in trust following such withdrawal will be sufficient, through the
        payment of interest and principal in accordance with their terms, to pay the principal of and each installment of interest on the series of debt securities on the date when such payments become due in accordance with the terms of the applicable
        indenture and the series of debt securities.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
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          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Subordinated indenture provisions</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The subordinated debt securities will be issued under the subordinated indenture. The subordinated debt securities will rank on an equal basis with certain of our other subordinated debt that may be
        outstanding from time to time and will rank junior to all of our senior debt, as defined below, including any senior debt securities that may be outstanding from time to time.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;"><font style="font-style: italic;">Subordination. </font>Holders of subordinated debt securities should recognize that contractual provisions in the subordinated indenture may prohibit us from making
        payments on those securities. Subordinated debt securities are subordinate and junior in right of payment, to the extent and in the manner stated in the subordinated indenture or any supplement thereto to all of our senior debt, including all debt
        securities we have issued and will issue under the senior indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">As used in the subordinated indenture and this prospectus, the term &#8220;senior debt&#8221; means the principal, premium, if any, unpaid interest and all fees and other amounts payable in connection with any debt
        for money borrowed other than (1) debt incurred (a) with respect to certain elections under the federal bankruptcy code, (b) debt to our subsidiaries, (c) debt to our employees, (d) tax liability and (e) certain trade payables, (2) all obligations
        under interest rate, currency and commodity swaps, caps, floors, collars, hedge arrangements, forward contracts or similar agreements and (3) renewals, extensions, modifications and refunds of any such debt.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Unless otherwise indicated in the applicable prospectus supplement, we may not pay principal of, premium, if any, sinking fund or interest, if any, on any subordinated debt securities if:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z29f908ca650041ffab4933472e628dfa" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>a default on senior debt exists that permits the holders of such senior debt to accelerate its maturity, and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z7285c85fff584ed690d2a282d7f29ce1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the default is the subject of judicial proceedings or we have received notice of such default.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">We may resume payments on the subordinated debt securities when full payment of amounts then due for principal, premium, if any, sinking funds and interest on senior debt has been made or duly provided
        for.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Unless otherwise indicated in the applicable prospectus supplement, if there is any payment or distribution of our assets to creditors upon a total or partial liquidation or a total or partial
        dissolution or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding, holders of all present and future senior debt (which will include interest accruing after, or which would accrue but for, the commencement of any
        bankruptcy, reorganization, insolvency, receivership or similar proceeding) are entitled to receive payment in full of the principal, premium, if any and interest due thereon before holders of the subordinated debt securities are entitled to
        receive any payment on the subordinated debt securities. In addition, any payments or distributions of our assets, whether in cash, property or securities which would otherwise be made on subordinated debt securities will generally be paid to the
        holders of senior debt, or their representatives, in accordance with the priorities existing among these creditors at that time until the senior debt is paid in full.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">If the trustee under the subordinated indenture or any holders of the subordinated debt securities receive any payment or distribution of assets that is prohibited under the subordination provisions,
        before all senior debt is paid in full, such payment or distribution must be paid over to the holders of the senior debt.</div>
      <div><br>
      </div>
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        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">7</font></div>
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          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">After payment in full of all present and future senior debt, holders of subordinated debt securities will be subrogated to the rights of any holders of senior debt to receive payments or distributions
        that are applicable to the senior debt until all the subordinated debt securities are paid in full.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Even if the subordination provisions prevent us from making any payment when due on the subordinated debt securities of any series, we will be in default on our obligations under that series if we do
        not make the payment when due. This means that the trustee under the subordinated indenture and the holders of that series can take action against us, but they will not receive any money until the claims of the holders of senior debt have been
        fully satisfied.</div>
      <div><br>
      </div>
      <div style="color: #000000; font-weight: bold;">Governing law</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The debt securities and the indentures will be governed by the laws of the State of New York.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">The trustee</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Regions Bank is a lender under our credit facilities, the trustee for our 0.650% senior notes due 2023, 4.250% senior notes due 2024, 3.450% senior notes due 2027, 3.500% senior notes due 2027, 2.500%
        senior notes due 2030, 2.400% senior notes due 2031, 4.250% senior notes due 2047 and 3.200% senior notes due 2051 and from time to time performs other services for us in the normal course of business.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Descriptionofcapitalstock"><!--Anchor--></a>Description of capital stock</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000; font-style: italic;">The following description of the terms of the capital stock we may issue summarizes certain portions of the North Carolina Business Corporation Act (the &#8220;Business Corporation Act&#8221;),
        our restated articles of incorporation, as amended, and our restated bylaws relating to our capital stock and sets forth certain general terms and provisions of capital stock to which any prospectus supplement may relate. Particular terms of the
        capital stock offered by any prospectus supplement and the extent, if any, to which these general terms and provisions will apply to any series of capital stock so offered will be described in the prospectus supplement relating to the applicable
        capital stock. The applicable prospectus supplement may also state that any of the terms set forth in this description are inapplicable to such series of capital stock. This description does not purport to be complete and is subject to and
        qualified in its entirety by reference to applicable provisions of the Business Corporation Act, our restated certificate of incorporation, as amended, and our restated bylaws relating to our capital stock.</div>
      <div><br>
      </div>
      <div style="color: #000000; font-weight: bold;">Common stock</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">We may issue shares of our common stock, either separately or together with other securities offered pursuant to this prospectus. Under our restated articles of incorporation, we are authorized to issue
        up to 100,000,000 shares of our common stock, par value of $0.01 per share. At March 31, 2023, there were 61,967,957 shares of our common stock issued and outstanding. You should read the applicable prospectus supplement relating to an offering of
        shares of our common stock, or of securities convertible, exchangeable or exercisable for shares of our common stock, for the terms of such offering, including the number of shares of common stock offered, the initial offering price and the market
        prices and dividend information relating to our common stock.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Each holder of a share of our common stock is entitled to one vote for each share held of record on the applicable record date on each matter voted on at a meeting of shareholders. The holders of our
        common stock have no preemptive rights and no rights to convert their common stock into any other securities. There are also no redemption or sinking fund provisions applicable to our common stock.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Holders of our common stock are entitled to receive dividends as may be declared from time to time by our board of directors out of funds legally available therefor. Holders of our common stock are
        entitled to share pro rata, upon any liquidation or dissolution of the Company, in all remaining assets available for distribution to shareholders after payment or providing for the Company&#8217;s liabilities and the liquidation preference of any
        outstanding preferred stock. The rights, preferences and privileges of the holders of our common stock are subject to and may be adversely affected by the rights of holders of shares of any series of our preferred stock that we may designate and
        issue in the future.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">8</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="color: #000000; font-weight: bold;">Preferred stock</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">We currently have authorized 10,000,000 shares of preferred stock, par value of $0.01 per share. There are no shares of preferred stock issued and outstanding as of the date of this prospectus.</div>
      <div><br>
      </div>
      <div style="font-style: italic; font-weight: bold;">General</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Our board of directors is authorized to establish from time to time one or more series of preferred stock, the number of shares to be included in any series of preferred stock, and to fix the
        designations, preferences, limitations and relative rights of the shares of such series. The specific terms of any preferred stock to be sold under this prospectus will be described in the applicable prospectus supplement. If so indicated in such
        prospectus supplement, the terms of the preferred stock offered may differ from the general terms set forth below. Unless otherwise specified in the prospectus supplement relating to the preferred stock offered thereby, each series of preferred
        stock offered will rank equal in right of payment to all other series of our preferred stock, and holders thereof will have no preemptive rights. The preferred stock offered will, when issued, be fully paid and nonassessable.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">You should read the applicable prospectus supplement for the terms of the preferred stock offered. The terms of the preferred stock set forth in such prospectus supplement may include the following, as
        applicable to the preferred stock offered thereby:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z67515d82ef9a48fcb68594c6ab545212" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the title and stated value of the preferred stock&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf78b2e61ed534877b06ce76a1765a544" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the number of shares of the preferred stock offered&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z9d1c2c52bf2b4237a677bbc713ccb089" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the liquidation preference and the offering price of the preferred stock&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za82b0db7fbd04af5946d845ffcfb97be" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the dividend rates of the preferred stock and/or methods of calculation of such dividends&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zd4a727ac27b04f4d89cf42fbea8454f9" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>periods and/or payment dates for the preferred stock dividends&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze6dd9545440a421a9a0a5f6918671427" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>whether dividends on the preferred stock are cumulative&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zdb08ebe94c8a4950bdf6f94bfc2268fe" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the liquidation rights of the preferred stock&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zd7301c1c26574d63bcaee32934a02806" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the sinking fund provisions, if applicable, for the preferred stock&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z53b27aee0718496082d9c9137125be64" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the redemption provisions, if applicable, for the preferred stock&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z594fd8a034a644848eb85c66577e931e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>whether the preferred stock will be convertible into or exchangeable for other securities and, if so, the terms and conditions of conversion or exchange, including the conversion price or exchange ratio and the conversion or exchange
                period or the method of determining the same&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z0791ccac62b446ebb7cc432184c4d569" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>whether the preferred stock will have voting rights and, if so, the terms of such voting rights&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z210e3eb33a5c4b67843a942a79cda136" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>whether the preferred stock will be listed on any securities exchange&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z83e082552ad540a5ab60f885e092c08b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>whether the preferred stock will be issued with any other securities and, if so, the amount and terms of such other securities&#894; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za8707011bcb7402497af725c9f3e0c4e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any other specific terms, preferences or rights of, or limitations or restrictions on, the preferred stock.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Our authorized shares of common stock and preferred stock are available for issuance without further action by our shareholders, unless such action is required by applicable law or the rules of the
        stock exchange or automated quotation system on which our securities may be listed or trade. If the approval of our shareholders is not required for the issuance of shares of our common stock or preferred stock, our board of directors may determine
        to issue such shares without seeking shareholders&#8217; approval.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">9</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Our board of directors could issue a series of preferred stock that could, depending on the terms of such series, delay, defer or prevent a change in control of the Company. Any determination to issue
        such shares will be made by our board of directors based on its judgment as to the best interests of the Company and our shareholders. Our board of directors, in so acting, could issue preferred stock having terms that could discourage an attempt
        to acquire the Company, including tender offers or other transactions that some, or a majority, of our shareholders might believe to be in their best interests, or in which our shareholders might receive a premium for their stock over the then
        current market price of such stock.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Transfer agent and registrar</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The transfer agent and registrar for our common stock is American Stock Transfer &amp; Trust Company. Its address is 6201 15th Avenue, Brooklyn, NY 11219 and its telephone number is (800) 937-5449. The
        transfer agent and registrar of our preferred stock will be designated in the prospectus supplement through which such preferred stock is offered.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Listing</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Our common stock is listed and traded on The New York Stock Exchange under the symbol &#8220;MLM.&#8221;</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Certain anti-takeover matters</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">A number of provisions in our restated articles of incorporation, our restated bylaws and the Business Corporation Act may make it more difficult to acquire control of us or remove our management.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;"><font style="font-style: italic;">Removal of Directors. </font>Directors may be removed only for cause by a majority vote of the shareholders. Cause for removal is deemed to exist only if the director
        has been convicted in a court of competent jurisdiction of a felony or has been adjudged by a court of competent jurisdiction to be liable for fraudulent or dishonest conduct, or gross abuse of authority or discretion, with respect to the Company,
        and such conviction or adjudication has become final and non-appealable. If a director is elected by a voting group of our shareholders, only such shareholders may participate in the vote to remove such director.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;"><font style="font-style: italic;">Approval of Certain Share Repurchases, Mergers, Consolidations, Sales and Leases. </font>Our restated articles of incorporation require any purchase by us of shares of
        our voting stock from an interested shareholder (as defined below) who has beneficially owned such securities for less than two years prior to the date of such purchase or any agreement to purchase, other than pursuant to an offer to all
        shareholders of the same class of shares, at a per share price in excess of the market price, be approved by the affirmative vote of the holders of a majority of our voting stock not beneficially owned by the interested shareholder, voting together
        as a single class.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">In addition, our restated articles of incorporation require us to get the approval of not less than 66 <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>/<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub>% of our voting stock not beneficially owned by an interested shareholder
        and 80% of all our voting stock, in addition to any vote required by law, before we may enter into various transactions with interested shareholders, including the following:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zae56b47b66854c0cb40fcf361a1c9021" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any merger or consolidation of the Company or any of our subsidiaries with (i) any interested shareholder or (ii) any other corporation (whether or not itself an interested shareholder) which is, or after such merger or consolidation
                would be, an affiliate of an interested shareholder&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf23886171a564c319ad559a24d0a7431" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any sale, lease, exchange, mortgage, pledge, transfer, or other disposition to or with any interested shareholder or any affiliate of any interested shareholder of any of our assets or any of our subsidiaries having an aggregate fair
                market value of $10,000,000 or more&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z2801ee6b7d4944b7bc060923a7bf953d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the issuance or transfer by us or any of our subsidiaries of any of our equity securities (including any security convertible into equity securities) or any of our subsidiaries having an aggregate fair market value of $10,000,000 or more
                to any interested shareholder or any affiliate of any interested shareholder in exchange for cash, securities, and/or other property&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">10</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zd2902bbfa8c640779afbcf9de28d29ee" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the adoption of any plan or proposal for the liquidation or dissolution of the Company proposed by or on behalf of an interested shareholder or any affiliate of any interested shareholder&#894; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z7decd4f9032e40079615e8a532263264" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any reclassification of securities or recapitalization of the Company, or any merger or consolidation of the Company with any of our subsidiaries, or any other transaction (whether or not involving an interested shareholder) which has
                the effect, directly or indirectly, of increasing the proportionate share of the outstanding shares of any class of equity (including any securities convertible into equity securities) securities of the Company or any subsidiary which is
                directly or indirectly owned by any interested shareholder or any affiliate of any interested shareholder.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">However, no such vote is required for (A) the purchase by us of shares of voting stock from an interested shareholder unless such vote is required by the first paragraph of this subsection, or (B) any
        transaction approved by a majority of our disinterested directors.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Our restated articles of incorporation define an interested shareholder as any individual, firm, corporation, partnership, or other entity who or which:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z8699237a9b224dfbb2922502d1ff0b60" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>is the beneficial owner, directly or indirectly, of 5% or more of our outstanding voting stock&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z47f5c5c68e704d25bdc37c1e0d9a3d76" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>is our affiliate and at any time within the two-year period immediately prior to the date as of which a determination is being made was the beneficial owner, directly or indirectly, of 5% or more of our outstanding voting stock&#894; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zffc1909204c74b85a4bc26e6cc1356b8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>is an assignee of or successor to any shares of our voting stock that were at any time within the immediately prior two-year period beneficially owned by any person described in above if such assignment or succession occurred in the
                course of one or more transactions not involving a public offering.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;"><font style="font-style: italic;">Advance Notice of Proposals and Nominations. </font>Our restated bylaws provide that shareholders must provide timely written notice to bring business before an annual
        meeting of shareholders or to nominate candidates for election as directors at an annual meeting of shareholders. Generally, to be timely, notice for an annual meeting must be received at our principal office not less than 60 days nor more than 90
        days prior to the first anniversary of the mailing of the preceding year&#8217;s proxy statement in connection with the annual meeting of shareholders. Our restated bylaws also specify the form and content of a shareholder&#8217;s notice. These provisions may
        prevent shareholders from bringing matters before an annual meeting of shareholders or from nominating candidates for election as directors at an annual meeting of shareholders.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;"><font style="font-style: italic;">Limits on Special Meetings. </font>A special meeting of the shareholders may be called only by the chairman of our board of directors, the president, the board of
        directors or the executive committee of the board of directors</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;"><font style="font-style: italic;">Action by Unanimous Written Consent</font>.&#160; Under the Business Corporation Act, shareholders of a publicly-traded corporation may take action by written consent only with the consent
        of all shareholders entitled to vote on the action.</div>
      <div><br>
      </div>
      <div style="color: #000000; font-weight: bold;">Indemnification of directors, officers and employees</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Our restated bylaws provide that we shall indemnify, to the full extent permitted by law, any person who at any time serves or has served as one of our officers, employees or directors, or who, while
        serving as such serves or has served at our request as a director, officer, partner, trustee, employee or agent of another enterprise, or as a trustee, other fiduciary or administrator under an employee benefit plan, against expenses, including
        attorneys&#8217; fees, incurred by him or her in connection with any threatened, pending or completed action, suit or proceeding (including appeals), whether or not brought by or on our behalf, seeking to hold him or her liable by reason of the fact that
        such person is or was acting in such capacity, and payments made by such person in satisfaction of any liability, judgment, money decree, fine, penalty or settlement for which he or she may have become liable in any such action, suit or proceeding.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">11</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Descriptionofwarrants"><!--Anchor--></a>Description of warrants</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000; font-style: italic;">We may issue warrants to purchase debt securities, preferred stock, common stock or any combination thereof. Such warrants may be issued independently or together with any such
        securities and may be attached or separate from such securities. We will issue each series of warrants under a separate warrant agreement to be entered into between us and a warrant agent. The warrant agent will act solely as our agent and will not
        assume any obligation or relationship of agency for or with holders or beneficial owners of warrants. The following summary of certain provisions of the warrants does not purport to be complete and is subject to, and qualified in its entirety by
        reference to, the provisions of the warrant agreement that will be filed with the SEC in connection with the offering of such warrants.</div>
      <div><br>
      </div>
      <div style="color: #000000; font-weight: bold;">General</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The prospectus supplement relating to any offering of warrants will describe the particular terms of the warrants being offered, including the following:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z33fe10c2ede6492c924fff19b6275802" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the title of such warrants&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z698bdac1aec34eefa20f62e0fb086550" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the aggregate number of such warrants&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zbe81016ae9ed48e49dfa3846841f17d2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the price or prices at which such warrants will be issued&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze3459ac62fb34e3d999a917388da4498" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the currency or currencies, including composite currencies, in which the price of such warrants may be payable&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z42bbe2fc16b444fb89e9aabcba179052" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the designation and terms of the securities purchasable upon exercise of such warrants and the number of such securities issuable upon exercise of such warrants&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z328ffec9ef36480cb1f22b0136987e21" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the price at which and the currency or currencies, including composite currencies, in which the securities purchasable upon exercise of such warrants may be purchased&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3823500387bf4919bd104754a4e1ec8c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the date on which the right to exercise such warrants shall commence and the date on which such right will expire&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z12fa831c653b4b3893929ec85c3d4e72" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>whether such warrants will be issued in registered form or bearer form&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z7191e5c66fe7458a80842fe9200cce12" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>if applicable, the minimum or maximum amount of such warrants which may be exercised at any one time&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z19a389f1a3e8468eb3ab5d7cb7f72e35" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>if applicable, the designation and terms of the securities with which such warrants are issued and the number of such warrants issued with each such security&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za56dfc54127547a38cc2847d967e8d69" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>if applicable, the date on and after which such warrants and the related securities will be separately transferable&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z80f2eccf654545c4aa3fa69dd0b150b7" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>information with respect to book-entry procedures, if any&#894; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zcd9fa9dbe7344b93b280ef2592d790d4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any other terms of such warrants, including terms, procedures and limitations relating to the exchange and exercise of such warrants.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="color: #000000; font-weight: bold;">Amendments and supplements to warrant agreement</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">We and the warrant agent may amend or supplement the warrant agreement for a series of warrants without the consent of the holders of the warrants issued thereunder to effect changes that are not
        inconsistent with the provisions of the warrants and that do not materially and adversely affect the interests of the holders of the warrants.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">12</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Taxation"><!--Anchor--></a>Taxation</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Any material U.S. federal income tax consequences relating to the purchase, ownership and disposition of any of the securities offered by this prospectus will be set forth in the prospectus supplement
        offering those securities.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Planofdistribution"><!--Anchor--></a>Plan of distribution</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">We may offer and sell the offered securities in any one or more of the following ways from time to time on a delayed or continuous basis:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zfcd73121703045c2a55b0133a2dc4d64" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>to or through underwriters&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z17634a9c04f441b29ae122c96103c08d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>to or through brokers or dealers&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z0c9ecab6996a4d7fbbe86ca51d0069eb" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>through agents&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc0a8eaf124454f929f5606364d2e2d1d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>directly to one or more purchasers, including our affiliates; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zed6f1b09952c46ea95f94ffcc0a5a9ae" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>through a combination of any of these methods of sale.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The prospectus supplement with respect to any offering of our securities will set forth the terms of the offering, including:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z4ee2e71cd81744c7b3897107639add80" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the name or names of any underwriters, dealers or agents&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z642b35e94d5a412db0e0e837741d9652" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the purchase price of the securities and the proceeds to us from the sale&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z5d93f702eb904d1facad546fa9a0220e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any underwriting discounts and commissions or agency fees and other items constituting underwriters&#8217; or agents&#8217; compensation&#894; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z931302fe2f634a2c95f876545277076c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>any delayed delivery arrangements.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The distribution of the securities may be effected from time to time in one or more transactions at a fixed price or prices, which may be changed, at market prices prevailing at the time of sale, at prices related to
        the prevailing market prices or at negotiated prices. We may engage in at-the-market offerings into an existing trading market in accordance with Rule 415(a)(4) of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">If securities are sold by means of an underwritten offering, we will execute an underwriting agreement with an underwriter or underwriters, and the names of the specific managing underwriter or
        underwriters, as well as any other underwriters, and the terms of the transaction, including commissions, discounts and any other compensation of the underwriters and dealers, if any, will be set forth in the prospectus supplement which will be
        used by the underwriters to sell the securities. If underwriters are utilized in the sale of the securities, the securities will be acquired by the underwriters for their own account and may be resold from time to time in one or more transactions,
        including negotiated transactions, at fixed public offering prices or at varying prices determined by the underwriters at the time of sale.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Our securities may be offered to the public either through underwriting syndicates represented by managing underwriters or directly by the managing underwriters. If any underwriter or underwriters are
        utilized in the sale of the securities, unless otherwise indicated in the prospectus supplement, the underwriting agreement will provide that the obligations of the underwriters are subject to the underwriting agreement and certain conditions
        precedent and that the underwriters with respect to a sale of securities will be obligated to purchase all of those securities if they purchase any of those securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">We may grant to the underwriters options to purchase additional securities to cover over-allotments, if any, at the public offering price with additional underwriting discounts or commissions. If we
        grant any over-allotment option, the terms of any over-allotment option will be set forth in the prospectus supplement relating to those securities.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">13</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">If a dealer is utilized in the sales of securities in respect of which this prospectus is delivered, we will sell those securities to the dealer as principal. The dealer may then resell those securities
        to the public at varying prices to be determined by the dealer at the time of resale. Any reselling dealer may be deemed to be an underwriter, as the term is defined in the Securities Act, of the securities so offered and sold. The name of the
        dealer and the terms of the transaction will be set forth in the related prospectus supplement.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Offers to purchase securities may be solicited by agents designated by us from time to time. Any agent involved in the offer or sale of the securities in respect of which this prospectus is delivered
        will be named, and any commissions payable by us to the agent will be set forth, in the applicable prospectus supplement. Unless otherwise indicated in the prospectus supplement, any agent will be acting on a reasonable best efforts basis for the
        period of its appointment. Any agent may be deemed to be an underwriter, as that term is defined in the Securities Act, of the securities so offered and sold.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Offers to purchase securities may be solicited directly by us and the sale of those securities may be made by us directly to institutional investors or others, who may be deemed to be underwriters within the meaning of
        the Securities Act, with respect to any resale of those securities. The terms of any sales of this type will be described in the related prospectus supplement.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Underwriters, dealers, agents and remarketing firms may be entitled under relevant agreements entered into with us to indemnification by us against certain civil liabilities, including liabilities under
        the Securities Act, that may arise from any untrue statement or alleged untrue statement of a material fact or any omission or alleged omission to state a material fact in this prospectus, any supplement or amendment hereto, or in the registration
        statement of which this prospectus forms a part, or to contribution with respect to payments which the agents, underwriters or dealers may be required to make.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">If so indicated in the prospectus supplement, we will authorize underwriters or other persons acting as our agents to solicit offers by institutions to purchase securities from us pursuant to contracts
        providing for payments and delivery on a future date. Institutions with which contracts of this type may be made include commercial and savings banks, insurance companies, pension funds, investment companies, educational and charitable institutions
        and others, but in all cases those institutions must be approved by us. The obligations of any purchaser under any contract of this type will be subject to the condition that the purchase of the securities shall not at the time of delivery be
        prohibited under the laws of the jurisdiction to which the purchaser is subject. The underwriters and other persons acting as our agents will not have any responsibility in respect of the validity or performance of those contracts.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">One or more firms, referred to as &#8220;remarketing firms,&#8221; may also offer or sell the securities, if the prospectus supplement so indicates, in connection with a remarketing arrangement upon their purchase.
        Remarketing firms will act as principals for their own accounts or as our agents. These remarketing firms will offer or sell the securities in accordance with a redemption or repayment pursuant to the terms of the securities. The prospectus
        supplement will identify any remarketing firm and the terms of its agreement, if any, with us and will describe the remarketing firm&#8217;s compensation. Remarketing firms may be deemed to be underwriters in connection with the securities they remarket.
        Remarketing firms may be entitled under our agreements to indemnification by us against certain civil liabilities, including liabilities under the Securities Act, and may engage in transactions with or perform services for us in the ordinary course
        of business.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Disclosure in the prospectus supplement of our use of delayed delivery contracts will include the commission that underwriters and agents soliciting purchases of the securities under delayed contracts
        will be entitled to receive in addition to the date when we will demand payment and delivery of the securities under the delayed delivery contracts. These delayed delivery contracts will be subject only to the conditions that we describe in the
        prospectus supplement.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">In connection with the offering of securities, persons participating in the offering, such as any underwriters, may purchase and sell securities in the open market. These transactions may include
        over-allotment and stabilizing transactions and purchases to cover syndicate short positions created in connection with the offering. Stabilizing transactions consist of bids or purchases for the purpose of preventing or retarding a decline in the
        market price of the securities, and syndicate short positions involve the sale by underwriters of a greater number of securities than they are required to purchase from any issuer in the offering. Underwriters also may impose a penalty bid, whereby
        selling concessions allowed to syndicate members or other broker-dealers in respect of the securities sold in the offering for their account may be reclaimed by the syndicate if the securities are repurchased by the syndicate in stabilizing or
        covering transactions. These activities may stabilize, maintain or otherwise affect the market price of the securities, which may be higher than the price that might prevail in the open market, and these activities, if commenced, may be
        discontinued at any time.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">14</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
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        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Any underwriters or agents to or through which securities are sold by us may make a market in the securities, but these underwriters or agents will not be obligated to do so and any of them may
        discontinue any market-making at any time without notice. No assurance can be given as to the liquidity of or trading market for any securities sold by us.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Any lock-up arrangements of us or our officers or directors will be set forth in a prospectus supplement.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Underwriters, dealers and agents may engage in transactions with, or perform services for, us and our affiliates in the ordinary course of business. Underwriters have from time to time in the past
        provided, and may from time to time in the future provide, investment banking services to us for which they have in the past received, and may in the future receive, customary fees.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">This prospectus and any accompanying prospectus supplement or supplements may be made available in electronic format on the Internet sites of, or through online services maintained by, the underwriter,
        dealer, agent and/or selling group members participating in connection with any offering, or by their affiliates. In those cases, prospective investors may view offering terms online and, depending upon the particular underwriter, dealer, agent or
        selling group member, prospective investors may be allowed to place orders online. The underwriter, dealer or agent may agree with us to allocate a specific number of shares for sale to online brokerage account holders. Any such allocation for
        online distributions will be made by the underwriter, dealer or agent on the same basis as other allocations.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Other than the prospectus and accompanying prospectus supplement or supplements in electronic format, the information on the underwriter&#8217;s, dealer&#8217;s, agent&#8217;s or any selling group member&#8217;s web site and
        any information contained in any other web site maintained by the underwriter, dealer, agent or any selling group member is not part of this prospectus, the prospectus supplement or supplements or the registration statement of which this prospectus
        forms a part, has not been approved and/or endorsed by us or the underwriters, dealers, agents or any selling group member in its capacity as underwriter, dealer, agent or selling group member and should not be relied upon by investors.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Legalmatters"><!--Anchor--></a>Legal matters</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">In connection with particular offerings of the securities in the future, unless stated otherwise in the applicable prospectus supplements, the validity of those securities will be passed upon for us by
        Cravath, Swaine &amp; Moore LLP, New York, New York and/or Robinson, Bradshaw &amp; Hinson, P.A., Charlotte, North Carolina, and for any underwriters or agents by counsel named in the applicable prospectus supplement.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Experts"><!--Anchor--></a>Experts</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The financial statements and management&#8217;s assessment of the effectiveness of internal control over financial reporting (which is included in Management&#8217;s Report on Internal Control over Financial
        Reporting) incorporated in this prospectus by reference to the Annual Report on Form 10-K for the year ended December 31, 2022 have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public
        accounting firm, given on the authority of said firm as experts in auditing and accounting.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Whereyoucanfindmoreinform"><!--Anchor--></a>Where you can find more information</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;"><font style="color: #000000;">We are required to file annual, quarterly and current reports, proxy statements and other information with the SEC. The SEC maintains an Internet site that contains reports, proxy and
          information statements and other information regarding issuers, including Martin Marietta Materials, Inc., that file electronically with the SEC at http://www.sec.gov. Our SEC filings are also available at our web site at </font>http://www.martinmarietta.com<font style="color: #000000;">. Except for documents filed with the SEC and incorporated by reference into this prospectus, no information contained in, or that can be accessed through, our website is to be considered part of this prospectus.</font></div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">15</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="Incorporationbyreference"><!--Anchor--></a>Incorporation by reference</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The rules of the SEC allow us to &#8220;incorporate by reference&#8221; information into this prospectus from other documents we have filed with the SEC. The information incorporated by reference is considered to
        be a part of this prospectus, and information that we file later with the SEC will automatically update and supersede this information.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The following documents filed with the SEC are incorporated by reference in this prospectus:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zbb6fff8ef86c480fae56b988807cd875" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>our Annual Report on Form 10-K for the year ended December 31, 2022&#894;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z39b81585e1fd466987b8f155b6d0c823" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>our Quarterly Report on Form 10-Q for the quarter ended March 31, 2023;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3342d1a4aa9b4691854ea53ffee93b0a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>portions of our Proxy Statement on Schedule 14A filed on April 14, 2023 for our 2023 Annual Meeting of Shareholders incorporated by reference into our Annual Report on Form 10-K for the fiscal year ended December 31, 2022;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zcde34b8a76fa4a3699f9bf6079a80b28" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the description of our common stock set forth in our registration statement on Form 8-A filed pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), on January&#160;13, 1994, and any amendment or
                report filed for the purpose of updating that description&#894; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z1bc38938d3d148f29be7e7146f2504fe" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">&#9679;</td>
            <td style="width: auto; vertical-align: top;">
              <div>our Current Reports on Form 8-K (but not portions of those reports which were furnished pursuant to Item 2.02 or 7.01 and not deemed to be filed) filed on April 21, 2023.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">All reports and other documents filed by us with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date hereof and prior to the completion of the offering of
        all securities covered by the respective prospectus supplement (other than any report or document, or portion of a report or document, that is furnished under applicable SEC rules rather than filed) shall be deemed to be incorporated by reference
        in this prospectus and to be part of this prospectus from the date of filing of such reports and documents.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Any statement contained in a document incorporated or deemed to be incorporated by reference shall be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement
        in this prospectus or in any other subsequently filed document that is incorporated or deemed to be incorporated by reference modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so
        modified or superseded, to constitute a part of this prospectus.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">In reviewing any agreements incorporated by reference, please remember they are included to provide you with information regarding the terms of such agreements and are not intended to provide any other
        factual or disclosure information about the Company or otherwise. The agreements may contain representations and warranties, which should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk
        to one of the parties if those statements prove to be inaccurate. The representations and warranties were made only as of the date of the relevant agreement or such other date or dates as may be specified in such agreement and are subject to more
        recent developments. Accordingly, these representations and warranties alone may not describe the actual state of affairs as of the date they were made or at any other time.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">16</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
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        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">We will provide, without charge, upon written or oral request, a copy of any or all of the documents that are incorporated by reference into this prospectus, excluding any exhibits to those documents
        unless the exhibit is specifically incorporated by reference as an exhibit in this prospectus. You should direct requests for documents to:</div>
      <div><br>
      </div>
      <div style="text-align: center;">Martin Marietta Materials, Inc.</div>
      <div style="text-align: center;">4123 Parklake Avenue</div>
      <div style="text-align: center;">Raleigh, North Carolina 27612</div>
      <div style="text-align: center;">Attn: Investor Relations</div>
      <div style="text-align: center;">Telephone: (919) 781-4550</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; font-weight: bold;">You will be deemed to have notice of all information incorporated by reference in this prospectus as if that information were included in this prospectus.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">17</font></div>
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          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <!--PROfilePageNumberReset%Num%1%II-%%-->
      <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Part II</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Information not required in prospectus</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold; color: #000000;">Item 14.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000; font-style: italic;">Other expenses of issuance and distribution</font></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">The following table sets forth expenses payable by Martin Marietta Materials, Inc. (the &#8220;Company&#8221;) in connection with the issuance and distribution of the securities being registered, other than
        underwriting discounts:</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" id="z4a929d16578547e68003d61483f4fb14" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 88%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="4" rowspan="1">
                <div>
                  <div style="text-align: center; font-weight: bold;">Amount to be Paid*</div>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 88%; vertical-align: top; background-color: rgb(204, 238, 255);">
                <div>SEC registration fee&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
              </td>
              <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">
                <div>$</div>
              </td>
              <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
              <td style="width: 2%; vertical-align: top; text-align: right; background-color: rgb(204, 238, 255);">&#160;*</td>
              <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 88%; vertical-align: top;">
                <div>Trustee&#8217;s fees and expenses&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
              </td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 1%; vertical-align: top;">&#160;</td>
              <td style="width: 7%; vertical-align: top;">&#160;</td>
              <td style="width: 2%; vertical-align: top; text-align: right;">&#160;**</td>
              <td style="width: 1%; vertical-align: top;"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 88%; vertical-align: top; background-color: rgb(204, 238, 255);">
                <div>Blue Sky fees and expenses&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
              </td>
              <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
              <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
              <td style="width: 2%; vertical-align: top; text-align: right; background-color: rgb(204, 238, 255);">&#160;**</td>
              <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 88%; vertical-align: top;">
                <div>Legal fees and expenses&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
              </td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 1%; vertical-align: top;">&#160;</td>
              <td style="width: 7%; vertical-align: top;">&#160;</td>
              <td style="width: 2%; vertical-align: top; text-align: right;">&#160;**</td>
              <td style="width: 1%; vertical-align: top;"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 88%; vertical-align: top; background-color: rgb(204, 238, 255);">
                <div>Accounting fees and expenses&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
              </td>
              <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
              <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
              <td style="width: 7%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
              <td style="width: 2%; vertical-align: top; text-align: right; background-color: rgb(204, 238, 255);">&#160;**</td>
              <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 88%; vertical-align: top;">
                <div>Printing expenses&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
              </td>
              <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 1%; vertical-align: top;">&#160;</td>
              <td style="width: 7%; vertical-align: top;">&#160;</td>
              <td style="width: 2%; vertical-align: top; text-align: right;">&#160;**</td>
              <td style="width: 1%; vertical-align: top;"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 88%; vertical-align: top; background-color: rgb(204, 238, 255); padding-bottom: 2px;">
                <div>Miscellaneous fees and expenses&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
              </td>
              <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255); padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
              <td style="width: 7%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
              <td style="width: 2%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: right; background-color: rgb(204, 238, 255);">&#160;**</td>
              <td style="width: 1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 88%; vertical-align: top; padding-bottom: 4px;">
                <div style="margin-left: 12pt;">Total<br>
                </div>
              </td>
              <td style="width: 1%; vertical-align: top; padding-bottom: 4px;" colspan="1"><br>
              </td>
              <td style="width: 1%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">
                <div>
                  <div>$</div>
                </div>
              </td>
              <td style="width: 7%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);"><br>
              </td>
              <td style="width: 2%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);"><br>
              </td>
              <td style="width: 1%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);"><br>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div> </div>
      <div>
        <hr noshade="noshade" align="left" style="height: 2px; width: 15%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
      <table cellspacing="0" cellpadding="0" id="zeeb2921ec61a4381a41e47a0ce536f2c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;">*</td>
            <td style="width: auto; vertical-align: top;">
              <div>Because this registration statement covers an indeterminate amount of securities, the SEC registration fee is not currently determinable. Such fee is deferred in accordance with Rules 456(b) and 457(r) of the Securities Act.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zfead50be81ab4656bb2a8c25362737b7" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;">**</td>
            <td style="width: auto; vertical-align: top;">
              <div>Because an indeterminate amount of securities are covered by this Registration Statement and the number of offerings is indeterminable, the expenses in connection with the issuance and distribution of the securities are not currently
                determinable. An estimate of the aggregate expenses in connection with the issuance and distribution of the securities being offered will be included in the applicable prospectus supplement.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><font style="font-weight: bold; color: #000000;">Item 15.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000; font-style: italic;">Indemnification of directors and officers</font></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Our restated articles of incorporation eliminate, to the fullest extent permitted by the North Carolina Business Corporation Act, or the &#8220;Business Corporation Act,&#8221; the personal liability of each of our
        directors to the Company and its shareholders for monetary damages for breach of duty as a director. This provision in the restated articles of incorporation does not change a director&#8217;s duty of care, but it eliminates monetary liability for
        certain violations of that duty, including violations based on grossly negligent business decisions that may include decisions relating to attempts to change control of the Company. The provision does not affect the availability of equitable
        remedies for a breach of the duty of care, such as an action to enjoin or rescind a transaction involving a breach of fiduciary duty&#894; in certain circumstances, however, equitable remedies may not be available as a practical matter. Under the
        Business Corporation Act, the limitation of liability provision is ineffective against liabilities for (i) acts or omissions that the director knew or believed at the time of the breach to be clearly in conflict with the best interests of the
        Company, (ii) unlawful distributions described in Business Corporation Act Section 55-8-33, (iii) any transaction from which the director derived an improper personal benefit or (iv) acts or omissions occurring prior to the date the provision
        became effective. The provision also in no way affects a director&#8217;s liability under the federal securities laws. Also, to the fullest extent permitted by the Business Corporation Act, our restated bylaws provide, in addition to the indemnification
        of directors and officers otherwise provided by the Business Corporation Act, for indemnification of our current or former directors, officers and employees against any and all liability and litigation expense, including reasonable attorneys&#8217; fees,
        arising out of their status or activities as directors, officers and employees, except for liability or litigation expense incurred on account of activities that were at the time known or believed by such director, officer or employee to be clearly
        in conflict with the best interests of the Company.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">We also maintain a directors and officers insurance policy pursuant to which our directors and officers are insured against liability for actions in their capacity as directors and officers.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-1</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Item 16.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Exhibits</font></div>
      <div><br>
      </div>
      <table cellspacing="3" cellpadding="1" border="0" id="za484345fec714c349c79bd51e0f1e55f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 5%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
              <div>
                <div style="text-align: center; font-weight: bold;">Exhibit No.</div>
              </div>
            </td>
            <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td style="width: 90%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>
                <div style="text-align: center; font-weight: bold;">Description of document</div>
              </div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;">1.1</div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">*</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div>Form of Underwriting Agreement.</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517056282/d344578dex301.htm">3.1</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517056282/d344578dex301.htm">Restated Articles of Incorporation of the Company, as amended (incorporated by reference to Exhibit 3.01 to the Martin Marietta Materials, Inc.
                  Annual Report on Form 10-K for the fiscal year ended December 31, 2016, filed on February 24, 2017 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000095017022025069/mlm-ex3_1.htm">3.2</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">
              <div>&#160;</div>
            </td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1"><br>
            </td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000095017022025069/mlm-ex3_1.htm">Restated Bylaws of the Company (incorporated by reference to Exhibit 3.1 to the Martin Marietta Materials, Inc. Current Report on Form 8-K, filed
                  on November 14, 2022 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;">4.1</div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div>Specimen Common Stock Certificate (incorporated by reference to Exhibit 4.01 to the Martin Marietta Materials, Inc. registration statement on Form S-1, filed on December 8, 1993 (Commission Registration No. 33-72648)).</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517056282/d344578dex301.htm">4.2</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517056282/d344578dex301.htm">Article 5 of the Company&#8217;s Restated Articles of Incorporation, as amended (incorporated by reference to Exhibit 3.01 filed with the Martin
                  Marietta Materials, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2016, filed on February 24, 2017 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000095017022025069/mlm-ex3_1.htm">4.3</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000095017022025069/mlm-ex3_1.htm">Article 1 of the Company&#8217;s Restated Bylaws, as amended (incorporated by reference to Exhibit 3.1 to the Martin Marietta Materials, Inc. Current
                  Report on Form 8-K, filed on November 14, 2022 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517178064/d401743dex41.htm">4.4</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517178064/d401743dex41.htm">Indenture, dated as of May 22, 2017, between Martin Marietta Materials, Inc. and Regions Bank, as trustee (incorporated by reference to Exhibit
                  4.1 of the Company&#8217;s Current Report on Form 8-K, filed on May 22, 2017 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517178064/d401743dex42.htm">4.5</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517178064/d401743dex42.htm">First Supplemental Indenture, dated as of May 22, 2017, between Martin Marietta Materials, Inc. and Regions Bank, as trustee, governing the
                  Senior Notes issued by the Company on May 22, 2017, in the form of $300 million aggregate principal amount of Floating Rate Senior Notes due 2020 and $300 million aggregate principal amount of 3.450% Senior Notes due 2027 (incorporated by
                  reference to Exhibit 4.2 to the Martin Marietta Materials, Inc. Current Report on Form 8-K, filed on May 22, 2017 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517374738/d499713dex42.htm">4.6</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517374738/d499713dex42.htm">Second Supplemental Indenture, dated as of December 20, 2017, between Martin Marietta Materials, Inc. and Regions Bank, as trustee, governing
                  the Senior Notes issued by the Company on December 20, 2017, in the form of $300 million aggregate principal amount of Floating Rate Senior Notes due 2019, $500 million aggregate principal amount of 3.500% Senior Notes due 2027 and $600
                  million aggregate principal amount of 4.250% Senior Notes due 2047 (incorporated by reference to Exhibit 4.2 to the Martin Marietta Materials, Inc. Current Report on Form 8-K, filed on December 20, 2017 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000095015720000377/ex4-2.htm">4.7</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000095015720000377/ex4-2.htm">Third Supplemental Indenture, dated as of March 16, 2020, between Martin Marietta Materials, Inc. and Regions Bank, as trustee, governing the Senior
                  Notes issued by the Company on March 16, 2020, in the form of $500 million aggregate principal amount of 2.500% Senior Notes due 2030 (incorporated by reference to Exhibit 4.2 to the Martin Marietta Materials, Inc. Current Report on Form
                  8-K, filed on March 16, 2020 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000095015721000738/ex4-2.htm">4.8</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000095015721000738/ex4-2.htm">Fourth Supplemental Indenture, dated as of July 2, 2021, between Martin Marietta Materials, Inc. and Regions Bank, as trustee governing the Senior
                  Notes issued by the Company on July 2, 2021. In the form of $700 million aggregate principal amount of 0.650% Senior Notes due 2023, $900 million aggregate principal amount of 2.400% Senior Notes due 2031 and $900 million aggregate
                  principal amount of 3.200% Senior Notes due 2051 (incorporated by reference to Exhibit 4.2 of the Company&#8217;s Current Report on Form 8-K, filed on July 2, 2021 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="ex4-9.htm">4.9</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1"><a href="ex4-9.htm">**</a></td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="ex4-9.htm">Form of Indenture for Subordinated Debt Securities</a></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-2</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <!--PROfilePageNumberReset%Num%3%II-%%-->
      <div><br>
      </div>
      <table cellspacing="3" cellpadding="1" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517178064/d401743dex41.htm">4.10</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000119312517178064/d401743dex41.htm">Form of senior note (included in Exhibit 4.4).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="ex4-9.htm">4.11</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="ex4-9.htm">Form of subordinated note (included in Exhibit 4.9).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;">4.12</div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">*</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div>Certificate of designation, preferences and rights with respect to any preferred stock issued hereunder.</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;">4.13</div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">*</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div>Form of Warrant Agreement (including form of warrant certificate).</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;">4.14</div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div>Indenture, dated as of December 1, 1995, between Martin Marietta Materials, Inc. and First Union National Bank of North Carolina (incorporated by reference to Exhibit 4(a) to the Martin Marietta Materials, Inc. registration statement on
                Form S-3 (Commission Registration No. 33-99082)) (P).</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;">4.15</div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div>Form of Martin Marietta Materials, Inc. 7% Debenture due 2025 (incorporated by reference to Exhibit 4(a)(i) to the Martin Marietta Materials, Inc. registration statement on Form S-3 (Commission Registration No. 33-99082)) (P).</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000095014407003966/g07010exv4w1.htm">4.16</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000095014407003966/g07010exv4w1.htm">Indenture, dated as of April 30, 2007, between Martin Marietta Materials, Inc. and Truist Bank (as successor by merger to SunTrust Bank and
                  formerly known as Branch Banking and Trust Company, Inc.), as trustee (incorporated by reference to Exhibit 4.1 to the Martin Marietta Materials, Inc. Current Report on Form 8-K, filed on April 30, 2007 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000095014407003966/g07010exv4w3.htm">4.17</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000095014407003966/g07010exv4w3.htm">Second Supplemental Indenture, dated as of April 30, 2007, between Martin Marietta Materials, Inc. and Truist Bank, as trustee, to that certain
                  Indenture dated as of April 30, 2007 between Martin Marietta Materials, Inc. and Truist Bank, as trustee, pursuant to which were issued $250,000,000 aggregate principal amount of 6&#188;% Senior Notes due 2037 of Martin Marietta Materials,
                  Inc. (incorporated by reference to Exhibit 4.3 to the Martin Marietta Materials, Inc. Current Report on Form 8-K, filed on April 30, 2007 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000095015714000679/ex10-1.htm">4.18</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000095015714000679/ex10-1.htm">Purchase Agreement, dated as of June 23, 2014, among Martin Marietta Materials, Inc. and Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC,
                  as representatives of the several initial purchasers named in Schedule 1 thereto (incorporated by reference to Exhibit 4.1 of the Company&#8217;s Current Report on Form 8-K, filed on June 24, 2014 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="https://www.sec.gov/Archives/edgar/data/916076/000095015714000736/ex4-1.htm">4.19</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="https://www.sec.gov/Archives/edgar/data/916076/000095015714000736/ex4-1.htm">Indenture, dated as of July 2, 2014, between Martin Marietta Materials, Inc. and Regions Bank, as trustee (incorporated by reference to Exhibit 4.1 of
                  the Company&#8217;s Current Report on Form 8-K, filed on July 2, 2014 (Commission File No. 1-12744)).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="ex5-1.htm">5.1</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1"><a href="ex5-1.htm">**</a></td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="ex5-1.htm">Opinion of Cravath, Swaine &amp; Moore LLP.</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="ex5-2.htm">5.2</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1"><a href="ex5-2.htm">**</a></td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="ex5-2.htm">Opinion of Robinson, Bradshaw &amp; Hinson, P.A.</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="ex23-1.htm">23.1</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1"><a href="ex23-1.htm">**</a></td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="ex23-1.htm">Consent of PricewaterhouseCoopers LLP.</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="ex5-1.htm">23.2</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1"><a href="ex5-1.htm">**</a></td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="ex5-1.htm">Consent of Cravath, Swaine &amp; Moore LLP (included in Exhibit 5.1).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="ex5-2.htm">23.3</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1"><a href="ex5-2.htm">**</a></td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="ex5-2.htm">Consent of Robinson, Bradshaw &amp; Hinson, P.A. (included in Exhibit 5.2).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="#powerandauthority">24.1</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1"><a href="#powerandauthority">**</a></td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="#powerandauthority">Power of Attorney (included in the signature page to this registration statement).</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="ex25-1.htm">25.1</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1"><a href="ex25-1.htm">**</a></td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="ex25-1.htm">Statement of Eligibility of Trustee on Form T-1 under the Trust Indenture Act of 1939, as amended, of the trustee under the Senior
                  Indenture for the Senior Debt Securities.</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="ex25-2.htm">25.2</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1"><a href="ex25-2.htm">**</a></td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="ex25-2.htm">Statement of Eligibility of Trustee on Form T-1 under the Trust Indenture Act of 1939, as amended, of the trustee under the
                  Subordinated Indenture for the Subordinated Debt Securities.</a></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; width: 5%; padding: 0px 0px 3px;">
              <div style="text-align: right;"><a href="ex107.htm">107</a></div>
            </td>
            <td style="vertical-align: top; width: 3%; padding: 0px 0px 3px;" colspan="1"><a href="ex107.htm">**</a></td>
            <td style="vertical-align: top; width: 2%; padding: 0px 0px 3px;" colspan="1">&#160;</td>
            <td style="vertical-align: top; width: 90%; padding: 0px 0px 3px;">
              <div><a href="ex107.htm">Filing Fee Table.</a></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="left" style="height: 2px; width: 15%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
      <table cellspacing="0" cellpadding="0" id="z41ff37155eaf47dd98248e316c0266f0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;">*</td>
            <td style="width: auto; vertical-align: top;">
              <div>To be filed by amendment or as an exhibit to a report filed with the Commission and incorporated herein by reference in connection with the offering of a particular class or series of securities, as appropriate.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="z6663a2c41f1d4a18af11f5a351fd451c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt; vertical-align: top;">**</td>
            <td style="width: auto; vertical-align: top;">
              <div>Filed herewith.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-3</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Item 17.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><font style="font-style: italic;">Undertakings</font>.</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z82e036525fa84a1ca4d337f3e28ebad7" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(a)</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;">The undersigned </font>registrant<font style="color: #000000;"> hereby undertakes:</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf2468673e36644eba62bbf0b43f724a4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(1)</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;">to file, during any period in which offers or sales are being made, a post-effective amendment to this registration </font>statement<font style="color: #000000;">:</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc4fcdbe749d74501bd39074d539bcc77" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(i)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;) ;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z10a08cf4934e49509bc9d916c9274b74" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(ii)</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;">to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate,
                  represent a fundamental change in the information set forth in the registration statement (notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total dollar value of securities offered would
                  not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) pursuant to
                  Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in </font>the<font style="color: #000000;"> effective registration statement); and</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z2a7c0fd40f5445a2bc9b5fa67d487ab8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(iii)</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;">to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the </font>registration<font style="color: #000000;"> statement;</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 108pt;"><br>
              </td>
              <td style="width: 36pt; vertical-align: top; color: #000000;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div><font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that paragraphs (i), (ii) and (iii) above do not apply if the information required to be included in a post-effective amendment by
                  those paragraphs is contained in reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) that are incorporated by
                  reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement;</div>
              </td>
            </tr>

        </table>
        <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z85866594f92346c78aa9f0b79d048866" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(2)</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;">that, </font>for<font style="color: #000000;"> the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement
                  relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof;</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze666ad877ba948f08acf16f81f8e658c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(3)</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;">to remove </font>from<font style="color: #000000;"> registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering;</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze167df582b9e4c18b6ff5b3ac702aab8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(4)</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;">that, for the </font>purpose<font style="color: #000000;"> of determining liability under the Securities Act to any purchaser:</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z596fd1ad34764c4da04f6d5f14473a28" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(i)</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;">each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the
                  registration </font>statement<font style="color: #000000;">; and</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z6f7d337f99694666aaf232e3bf3117ac" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(ii)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or
                (x) for the purpose of providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used
                after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus (as provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such
                date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be
                the initial bona fide offering thereof); <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that no statement made in a registration statement or prospectus that is part of the
                registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale
                prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-4</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z0ad8c7dc38bd4b84beffe580bd071718" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(5)</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;">that, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a
                  primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the </font>underwriting<font style="color: #000000;"> method used to sell the securities to the purchaser, if the
                  securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z547a3a1bf3a34ce8968dd2d250e86913" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(i)</td>
            <td style="width: auto; vertical-align: top;">
              <div>any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zee32ea8680f145a988995055284ca2fa" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(ii)</td>
            <td style="width: auto; vertical-align: top;">
              <div>any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za0e412e161a04ecf9f8b1740ff34c4bc" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(iii)</td>
            <td style="width: auto; vertical-align: top;">
              <div>the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z891ebfef5d68443bb721defad1caf9b3" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(iv)</td>
            <td style="width: auto; vertical-align: top;">
              <div>any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z5d038d18896e44d5af65d6ad0e936e1e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(b)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">The undersigned registrant hereby further undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant&#8217;s annual report pursuant to Section 13(a) or 15(d) of
                the Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new
                registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z89820f5d0a6d43f99036cc86c39bd453" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(c)</td>
            <td style="width: auto; vertical-align: top;">
              <div>For an offering in which the securities to be registered are to be offered to existing security holders pursuant to warrants or rights and any securities not taken by security holders are to be reoffered to the public, the undersigned
                registrant hereby undertakes to supplement the prospectus, after the expiration of the subscription period, to set forth the results of the subscription offer, the transactions by the underwriters during the subscription period, the amount
                of unsubscribed securities to be purchased by the underwriters, and the terms of any subsequent reoffering thereof. If any public offering by the underwriters is to be made on terms differing from those set forth on the cover page of the
                prospectus, a post-effective amendment will be filed to set forth the terms of such offering.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z964e606e94af4b5fa7f19b81d0a6586f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(d)</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or
                  otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.&#160; In the event that a claim for indemnification
                  against </font>such<font style="color: #000000;"> liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action,
                  suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling
                  precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-5</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3ba501dac95a40f7ad7f71c366c183be" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">(e)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">The undersigned registrant hereby undertakes, if applicable, to file an application for the purpose of determining the eligibility of any trustee to act under subsection (a) of Section 310 of the Trust Indenture
                Act in accordance with the rules and regulations prescribed by the SEC under Section&#160;305(b)(2) of the Trust Indenture Act.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
        <br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-6</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <!--PROfilePageNumberReset%Num%7%II-%%-->
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Signatures</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly
        caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Raleigh, State of North Carolina on May 5, 2023.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman'; font-size: 10pt;">

            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" colspan="3"><strong></strong>MARTIN MARIETTA MATERIALS, INC.</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" colspan="2">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;"><br>
              </td>
              <td valign="top" style="width: 3%; padding-bottom: 2px;">
                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
              </td>
              <td valign="top" nowrap="nowrap" align="left" style="border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">/s/ James A. J. Nickolas</td>
              <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" align="left" style="width: 4%;">Name:</td>
              <td valign="bottom" nowrap="nowrap" align="left" style="width: 31%;">James A. J. Nickolas</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 4%;">Title:</td>
              <td valign="top" style="width: 31%;">Senior Vice President and Chief Financial Officer</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" colspan="2">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;"><!--Anchor-->The undersigned officers and directors of Martin Marietta Materials, Inc. hereby severally constitute and appoint Roselyn R. Bar and James A. J. Nickolas and each of them, attorneys-in-fact for the
        undersigned, in any and all capacities, with the power of substitution, to sign any amendments to this registration statement (including post-effective amendments) and any subsequent registration statement for the same offering which may be filed
        under Rule 462(b) under the Securities Act of 1933, as amended, and to file the same with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact, and each of
        them, full <a name="powerandauthority"><!--Anchor--></a>power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully and to all intents and purposes as she or he might or
        could do in person, hereby ratifying and confirming all that each said attorney-in-fact, or her or his substitute or substitutes, may do or cause to be done by virtue thereof.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; color: #000000;">Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z064ea6ed2cf34065a268636544041128" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 31.73%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Signature</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Title</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Date</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ C. Howard Nye</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Chairman of the Board, President and Chief</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">C. Howard Nye</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Executive Officer (Principal Executive Officer)</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ James A. J. Nickolas</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Senior Vice President and Chief Financial Officer</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">James A. J. Nickolas</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">(Principal Financial Officer)</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ Robert J. Cardin</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Senior Vice President, Chief Accounting Officer and</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">Robert J. Cardin</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Controller (Principal Accounting Officer)</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ Dorothy M. Ables</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Director</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">Dorothy M. Ables</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ Sue W. Cole</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Director</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">Sue W. Cole</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ Smith W. Davis</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Director</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">Smith W. Davis</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ Anthony R. Foxx</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Director</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">Anthony R. Foxx</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ John J. Koraleski</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Director</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">John J. Koraleski</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="width: 100%;" class="BRPFPageFooter"></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-7</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div><a href="#TableofContents">Table of Contents</a><br>
          </div>
        </div>
      </div>
      <font style="font-weight: bold;"><br>
      </font>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 31.73%; vertical-align: top; text-align: center; font-weight: bold;">Signature</td>
            <td style="width: 48.08%; vertical-align: top; text-align: center; font-weight: bold;">Title</td>
            <td style="width: 20.19%; vertical-align: top; text-align: center;"><font style="font-weight: bold;">Date</font></td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ Laree E. Perez</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Director</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">Laree E. Perez</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ Thomas H. Pike</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Director</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
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            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ Michael J. Quillen</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Director</div>
            </td>
            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">Michael J. Quillen</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ Donald W. Slager</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Director</div>
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            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
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          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
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            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 31.73%; vertical-align: top;">&#160;</td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">/s/ David C. Wajsgras</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">
              <div style="text-align: center;">Director</div>
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            <td style="width: 20.19%; vertical-align: top;">
              <div style="text-align: center;">May 5, 2023</div>
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          </tr>
          <tr>
            <td style="width: 31.73%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: center;">David C. Wajsgras</div>
            </td>
            <td style="width: 48.08%; vertical-align: top;">&#160;</td>
            <td style="width: 20.19%; vertical-align: top;">&#160;</td>
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      <div><br>
      </div>
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      </div>
      <div><br>
      </div>
    </div>
  </div>
  <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-8</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.9
<SEQUENCE>2
<FILENAME>ex4-9.htm
<DESCRIPTION>FORM OF INDENTURE FOR SUBORDINATED DEBT SECURITIES
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 4.9</font><br>
  </div>
  <div> <br>
  </div>
  <div>
    <div>
      <div>
        <div>&#160;</div>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">MARTIN MARIETTA MATERIALS, INC.,</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">as Issuer</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Regions Bank, as Trustee</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">FORM OF INDENTURE</div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-weight: bold;">Dated as of [</font>&#9679;<font style="font-weight: bold;">]</font></div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">SUBORDINATED DEBT SECURITIES</div>
      <div style="text-align: center; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
      <div>&#160;</div>
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        <div>&#160;</div>
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      </div>
      <div><br>
      </div>
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          <tr>
            <td style="width: 73%; vertical-align: middle;">&#160;</td>
            <td style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 25%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: bottom; border-bottom: 2px solid;">
              <div style="color: rgb(0, 0, 0);">Trust Indenture</div>
              <div>
                <div style="color: rgb(0, 0, 0);">Act Section</div>
              </div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom; border-bottom: 2px solid;">
              <div style="color: rgb(0, 0, 0);">Indenture</div>
              <div>
                <div style="color: rgb(0, 0, 0);">Section</div>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">310(a)(1)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.10</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(a)(2)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.10</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(a)(3)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">N.A.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(a)(4)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">N.A.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(a)(5)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.10</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(b)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.3; 7.10</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">311(a)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(b)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">312(a)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">2.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(b)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">11.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(c)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">11.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">313(a)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(b)(1)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(b)(2)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.6; 7.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(c)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.6; 11.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(d)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">314(a)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">4.2; 4.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(b)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">N.A</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(c)(1)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">11.4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(c)(2)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">11.4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(c)(3)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">N.A.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(d)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">N.A.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(e)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">11.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(f)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">N.A</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">315(a)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(b)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.5; 11.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(c)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(d)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">7.1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(e)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">6.11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">316(a)(last sentence)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">2.11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(a)(1)(A)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">6.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(a)(1)(B)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">6.4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(a)(2)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">N.A.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(b)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">6.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(c)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">11.15</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">317(a)(1)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">6.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(a)(2)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">6.9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(b)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">2.4; 2.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">318(a)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">11.1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(b)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">N.A.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">(c)</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000;">N.A.</div>
            </td>
          </tr>

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        <div>&#160;</div>
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        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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      <div>&#160;</div>
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            <td style="width: 2.19%; vertical-align: top;">
              <div style="color: #000000;">*</div>
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            <td style="width: 97.81%; vertical-align: top;">
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            </td>
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      <!--PROfilePageNumberReset%LCR%1%%%-->
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      <div style="text-align: center; font-weight: bold;">TABLE OF CONTENTS</div>
      <div>&#160;</div>
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          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 1</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 4.8%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">DEFINITIONS AND INCORPORATION BY REFERENCE</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 4.8%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 1.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Definitions</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 1.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Other Definitions</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 1.3.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Incorporation by Reference of TIA</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 1.4.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Rules of Construction</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">6</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 2</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 4.8%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">THE SECURITIES</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 4.8%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Form and Dating</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Execution and Authentication</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.3.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Title, Amount and Terms of Securities</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.4.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Registrar, Paying Agent and Calculation Agent</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">12</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.5.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Paying Agent to Hold Money in Trust</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">12</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.6.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Securityholder Lists</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">13</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.7.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Transfer and Exchange</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">13</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.8.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Replacement Securities</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">16</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.9.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Outstanding Securities</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">17</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.10.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Treasury Notes</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">17</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.11.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Temporary Securities</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.12.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Cancellation</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.13.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Defaulted Interest</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.14.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Payment in Currencies</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 2.15.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">CUSIP Numbers</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">20</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 3</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 4.8%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">REDEMPTION</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">20</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 4.8%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 3.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Applicability of this Article</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">20</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 3.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Notices to Trustee</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">20</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 3.3.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Selection of Securities to be Redeemed</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">20</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 3.4.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Notice of Redemption</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">21</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 3.5.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Effect of Notice of Redemption</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">22</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 3.6.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Deposit of Redemption Price</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">22</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 3.7.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Securities Redeemed in Part</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">23</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 4</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 4.8%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">COVENANTS</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">23</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 4.8%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 4.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Payment of Securities</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">23</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 4.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Compliance Certificate</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">23</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 4.3.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">SEC Reports</div>
            </td>
            <td style="width: 4.8%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">23</div>
            </td>
          </tr>

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      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">i</font></div>
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          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 5</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">SUCCESSOR CORPORATION</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">24</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 5.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Consolidation, Merger, and Sale of Assets</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">24</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 5.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Successor Person Substituted</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">24</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 6</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">DEFAULTS AND REMEDIES</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">24</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Events of Default</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">24</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Acceleration</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">26</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.3.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Other Remedies</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">26</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.4.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Waiver of Past Defaults</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">26</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.5.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Control by Majority</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.6.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Limitation on Suits</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.7.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Rights of Holders to Receive Payment</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.8.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Collection Suit by Trustee</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.9.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Trustee May File Proofs of Claim</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">28</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.10.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Priorities</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">28</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 6.11.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Undertaking for Costs</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">28</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 7</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">TRUSTEE</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">29</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Duties of Trustee</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">29</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Rights of Trustee</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">30</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.3.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Individual Rights of Trustee, etc</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">31</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.4.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Trustee&#8217;s Disclaimer</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">31</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.5.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Notice of Defaults</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">32</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.6.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Reports by Trustee to Holders of the Securities</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">32</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.7.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Compensation and Indemnity</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">32</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.8.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Replacement of Trustee</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">33</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.9.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Successor Trustee by Merger, etc</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">34</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.10.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Eligibility; Disqualification</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">34</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.11.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Preferential Collection of Claims Against the Corporation</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">34</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.12.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Trustee&#8217;s Application for Instructions from the Corporation</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">34</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 7.13.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Calculations</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">35</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 8</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">SATISFACTION, DISCHARGE AND DEFEASANCE</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">35</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 8.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Option To Effect Defeasance, Covenant Defeasance or Discharge</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">35</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 8.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Defeasance</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">35</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 8.3.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Covenant Defeasance</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">36</div>
            </td>
          </tr>

      </table>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">ii</font></div>
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          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
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          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 8.4.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Conditions to Defeasance or Covenant Defeasance</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">36</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 8.5.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Deposited Money and Government Securities To Be Held in Trust; Other Miscellaneous Provisions</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">38</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 8.6.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Repayment to Corporation</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">38</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 8.7.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Reinstatement</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">38</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 8.8.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Discharge</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">39</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 9</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">AMENDMENTS, SUPPLEMENTS AND WAIVERS</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">40</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 9.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Without Consent of Holders</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">40</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 9.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">With Consent of Holders</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">41</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 9.3.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Compliance with Trust Indenture Act of 1939</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">42</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 9.4.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Revocation and Effect of Consents</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">42</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 9.5.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Notation on or Exchange of Securities</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">43</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 9.6.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Trustee to Sign Amendments, etc</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">43</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 10</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">SUBORDINATION OF SECURITIES</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">43</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Securities Subordinate to Senior Debt</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">43</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Securities</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">43</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.3.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">No Payment on Securities in Event of Default on Senior Debt</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">45</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.4.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Payments on Securities Permitted</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">45</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.5.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Authorization of Securityholders to Trustee to Effect Subordination</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">46</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.6.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Notices to Trustee</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">46</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.7.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Trustee as Holder of Senior Debt</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">46</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.8.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Modifications of Terms of Senior Debt</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.9.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Reliance on Judicial Order or Certificate of Liquidating Agent</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.10.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Satisfaction and Discharge</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.11.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Trustee Has No Fiduciary Duty to Holders of Senior Debt</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.12.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Paying Agents Other than the Trustee</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">48</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.13.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Certain Conversions or Exchanges Deemed Payment</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">48</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 10.14.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Defeasance of this Article 10</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">48</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="4">
              <div style="text-align: center; color: #000000;">ARTICLE 11</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">MISCELLANEOUS</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">48</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.1.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Trust Indenture Act Controls</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">48</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.2.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Notices</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">49</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.3.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Communication by Holders with Other Holders</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">50</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.4.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Certificate and Opinion as to Conditions Precedent</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">50</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.5.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Statements Required in Certificate or Opinion</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">50</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.6.</div>
            </td>
            <td style="width: 1%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84.35%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Rules by Trustee, Calculation Agent, Paying Agent, Registrar</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">50</div>
            </td>
          </tr>

      </table>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">iii</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="zd006b8f9ab1a4369a7f40e80d3251693" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.7.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Legal Holidays</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">50</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.8.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">No Personal Liability of Stockholders, Officers or Directors</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">51</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.9.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Governing Law</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">51</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.10.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">No Adverse Interpretation of Other Agreements</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">51</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.11.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Securities in a Foreign Currency</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">51</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.12.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Judgment Currency</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">52</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.13.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Successors</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">52</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.14.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Duplicate Originals</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">52</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.15.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Acts of Holders; Record Dates</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">52</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.16.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Force Majeure</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">53</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.17.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Table of Contents, Headings, Etc</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">53</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.18.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">U.S.A</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">54</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.19.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Severability</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">54</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.20.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Waiver of Jury Trial</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">54</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Section 11.21.</div>
            </td>
            <td style="width: 0.77%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 84%; vertical-align: bottom;">
              <div style="color: #000000; font-style: italic;">Venue</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">54</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>Exhibit A &#8211; Form of Security</div>
      <div>Note: This Table of Contents shall not, for any purpose, be deemed to be a part of the Indenture.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">iv</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;"><font style="font-weight: bold;">INDENTURE</font> dated as of [&#9679;], between <font style="font-weight: bold;">MARTIN MARIETTA MATERIALS, INC.</font>, a North Carolina corporation (the &#8220;Corporation&#8221;), and Regions Bank
        (the &#8220;Trustee&#8221;).</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Each party agrees as follows for the benefit of the other party and, as to each Series of Securities, for the equal and ratable benefit of the Holders of that Series of the Corporation&#8217;s Securities issued pursuant to
        this Indenture:</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 1</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>DEFINITIONS AND INCORPORATION BY REFERENCE</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 1.1. <font style="font-style: italic;">Definitions</font>.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Affiliate&#8221; of any Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such Person. For the purposes of this definition, &#8220;control&#8221; when
        used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms &#8220;controlling&#8221; and &#8220;controlled&#8221;
        have meanings that correspond to the foregoing.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Agent&#8221; means any Registrar, Calculation Agent, Paying Agent or co-registrar.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Bankruptcy Law&#8221; means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Board of Directors&#8221; means the Board of Directors, or the Executive Committee or the Finance Committee or any other duly authorized committee of the Board of Directors, of the Corporation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Board Resolution&#8221; means a resolution of the Board of Directors or of a committee or person to which or to whom the Board of Directors has properly delegated the appropriate authority.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Business Day&#8221; means each day which is not a Legal Holiday.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Calculation Agent&#8221; means, with respect to any Series of Securities accruing interest on a variable rate basis, the Person appointed by the Corporation to calculate the floating rate(s) of interest in relation to such
        Series of Securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Corporation&#8221; means the party named as such in this Indenture until a successor replaces it and thereafter means the successor.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Custodian&#8221; means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Debt&#8221; means any debt for borrowed money which would appear, in conformity with U.S. generally accepted accounting principles, on the balance sheet as a liability or any guarantee of such a debt and includes purchase
        money obligations. A Debt shall be counted only once even if the Corporation and one or more of its Subsidiaries may be responsible for the obligation.</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%2%%%-->
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Default&#8221; means any event which is, or after notice or passage of time or both would be, an Event of Default.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Depositary&#8221; means, with respect to the Securities of any Series issuable or issued in whole or in part in the form of one or more Global Securities, DTC or such other party as may be designated as Depositary by the
        Corporation pursuant to Section 2.3, until a successor Depositary shall have become such pursuant to the applicable provisions hereof, and thereafter &#8220;Depositary&#8221; shall mean or include each party who is then a Depositary hereunder, and if at any
        time there is more than one such party, &#8220;Depositary&#8221; as used in respect of the Securities on any such Series shall mean the Depositary with respect to the Securities of that Series.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Discounted Security&#8221; means any Security which provides for an amount (excluding any amounts attributable to accrued but unpaid interest) less than its principal amount to be due and payable upon a declaration of
        acceleration of the maturity of the Security pursuant to Section 6.2.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;DTC&#8221; means The Depository Trust Company.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Exchange Act&#8221; means the Securities Exchange Act of 1934, as it may be amended from time to time.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Foreign Currency&#8221; means a currency issued by the government of any country other than the United States of America.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Global Security&#8221; means a Security evidencing all or a part of a Series of Securities, issued to the Depositary for such Series in accordance with Section 2.1, and bearing the legend prescribed in Section 2.1.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Holder&#8221; or &#8220;Securityholder&#8221; means the person in whose name a Security is registered on the Registrar&#8217;s books.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Indenture&#8221; means this Indenture as amended or supplemented from time to time (including by way of supplemental indentures hereto).</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Interest Payment Date&#8221; means the date specified in a Security as the date on which an installment of interest is due and payable with respect to such Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Issue Date&#8221; means, as to any Series of a Securities, the date on which such Securities are originally issued under this Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Lien&#8221; means any mortgage, pledge, security interest or lien.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Market Exchange Rate&#8221; for any currency means, as appropriate, the noon U.S. dollar buying rate or selling rate for that currency for cable transfers quoted in the City of New York on the applicable date as certified
        for customs purposes by the Federal Reserve Bank of New York. If for any reason such rates are not available for one or more currencies for which a Market Exchange Rate is required, the Trustee or Paying Agent, as applicable, relating to such
        Series shall use: (i) the quotation of the Federal Reserve Bank of New York as of the most recent available date, (ii) quotations from one or more major banks in the City of New York or in the country of issue of the currency in question, or (iii)
        such other quotations as the Trustee shall deem appropriate. Unless otherwise specified by the Trustee or Paying Agent, as applicable, relating to such Series, if there is more than one market for dealing in any currency by reason of foreign
        exchange regulations or otherwise, the market to be used is that in which a nonresident issuer of securities designated in that currency would purchase that currency in order to make payments on those securities. All decisions and determinations of
        the Trustee or Paying Agent, as applicable, relating to such Series regarding the Market Exchange Rate shall be in its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and irrevocably binding upon the
        Corporation and all holders.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Officer&#8221; means the Chairman of the Board, the Chief Executive Officer, the President, any Vice President, the Treasurer or the Secretary of the Corporation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Officers&#8217; Certificate&#8221; means the certificate signed by two Officers or by an Officer and an Assistant Treasurer or Assistant Secretary of the Corporation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Opinion of Counsel&#8221; means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Corporation or any Subsidiary of the Corporation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Person&#8221; means any individual, corporation, limited liability company, partnership, joint venture, trust, unincorporated organization or government or any agency or political subdivision thereof.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Prospectus&#8221; means, with respect to any Series of Securities, the prospectus and any prospectus supplement thereto related to the initial offering of such Series of Securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;principal&#8221; of a Security means the principal of the Security plus, when appropriate, the premium, if any, on the Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;redemption price&#8221;, when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Responsible Officer&#8221; means, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary,
        assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is
        referred because of such Person&#8217;s knowledge of and familiarity with the particular subject and, in each case, who shall have direct responsibility for the administration of this Indenture.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;SEC&#8221; means the Securities and Exchange Commission.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Securities&#8221; means the securities issued pursuant to this Indenture from time to time, as such securities may be amended or supplemented from time to time.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Securities Act&#8221; means the Securities Act of 1933, as amended.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Senior Debt&#8221; means the principal of, premium, if any, unpaid interest and all fees and other amounts payable in connection with the following, whether outstanding on the date hereof or thereafter created, incurred,
        assumed or guaranteed, (x) the Debt of the Corporation, for money borrowed other than (a) any Debt of the Corporation which when incurred and without respect to any election under Section 1111(b) of the Federal Bankruptcy Code, was without recourse
        to the Corporation, (b) any Debt of the Corporation to any of its Subsidiaries, (c) Debt to any employee of the Corporation, (d) any liability for taxes and (e) Trade Payables, unless the instrument creating or evidencing the same or pursuant to
        which the same is outstanding provides that such Debt is not senior or prior in right of payment to the Securities, (y) all obligations of the Corporation under interest rate, currency and commodity swaps, caps, floors, collars, hedge arrangements,
        forward contracts or similar agreements or arrangements and (z) renewals, extensions, modifications and refundings of any such Debt. This definition may be modified or superseded by a supplemental indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Series&#8221; when used with respect to the Securities means all Securities bearing the same title and authorized by the same Board Resolution or indenture supplemental hereto.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Subsidiary&#8221; means an entity a majority of the Voting Stock of which is owned by the Corporation and/or one or more other entities a majority of the Voting Stock of which is owned by the Corporation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;TIA&#8221; means the Trust Indenture Act of 1939, as in effect (unless otherwise stated herein) on the date of this Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Trade Payables&#8221; means accounts payable or any other Debt or monetary obligations to trade creditors created or assumed by the Corporation or any Subsidiary of the Corporation in the ordinary course of business in
        connection with the receipt of materials or services.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Trustee&#8221; means the party named as such in this Indenture until a successor replaces it and thereafter means the successor. The term &#8220;Trustee&#8221; includes any additional Trustee appointed pursuant to Section 2.3 or
        Section 7.8 but, if at any time there is more than one Trustee, the term &#8220;Trustee&#8221; as used with respect to Securities of any Series shall mean the Trustee with respect to Securities of that Series.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;United States&#8221; means the United States of America. The Commonwealth of Puerto Rico, the Virgin Islands and other territories and possessions are not part of the United States.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;U.S. Government Obligations&#8221; means the following obligations:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) direct obligations of the United States (for the payment of which its full faith and credit is pledged); or</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States the payment of which is unconditionally guaranteed as a full faith and credit obligation by the
        United States.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Voting Stock&#8221; of any specified &#8220;Person&#8221; (as that term is used in Section 13(d)(3) of the Exchange Act) as of any date means the capital stock or other ownership interests of such Person that is at the time entitled to
        vote generally in the election of the board of directors (or members of a comparable governing body) of such Person.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 1.2. <font style="font-style: italic;">Other Definitions</font>.</div>
      <div><br>
      </div>
      <div style="font-weight: bold;">Defined in</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z660d79342faa47f5b9d843f4d28d4eba" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 75.35%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0); font-weight: bold;">Term</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">&#160;</div>
            </td>
            <td style="width: 20.54%; vertical-align: bottom; border-bottom: #000000 2px solid;" colspan="2">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Section</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000; font-size: 8pt;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 75.35%; vertical-align: top; background-color: #CCEEFF;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">&#8220;Agent Members&#8221;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 18.49%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="text-align: right; color: #000000;">2.7</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 75.35%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">&#8220;covenant defeasance&#8221;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 18.49%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">8.3</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 75.35%; vertical-align: top; background-color: #CCEEFF;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">&#8220;defeasance&#8221;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 18.49%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="text-align: right; color: #000000;">8.2</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 75.35%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">&#8220;Event of Default&#8221;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 18.49%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">6.1</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 75.35%; vertical-align: top; background-color: #CCEEFF;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">&#8220;foreign paying agent&#8221;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 18.49%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="text-align: right; color: #000000;">2.14</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 75.35%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">&#8220;Judgment Date&#8221;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 18.49%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">11.12</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 75.35%; vertical-align: top; background-color: #CCEEFF;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">&#8220;Legal Holiday&#8221;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 18.49%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="text-align: right; color: #000000;">11.7</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 75.35%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">&#8220;Paying Agent&#8221;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 18.49%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">2.4</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 75.35%; vertical-align: top; background-color: #CCEEFF;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">&#8220;Registrar&#8221;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 18.49%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="text-align: right; color: #000000;">2.4</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom; background-color: #CCEEFF;">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 75.35%; vertical-align: top;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">&#8220;Substitute Date&#8221;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 18.49%; vertical-align: bottom;">
              <div style="text-align: right; color: #000000;">11.12</div>
            </td>
            <td style="width: 2.05%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 1.3. <font style="font-style: italic;">Incorporation by Reference of TIA</font>. Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this
        Indenture. The following TIA terms used in this Indenture have the following meanings:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Commission&#8221; means the SEC.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;indenture securities&#8221; means the Securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;indenture security holder&#8221; means a Securityholder.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;indenture to be qualified&#8221; means this Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;indenture trustee&#8221; or &#8220;institutional trustee&#8221; means the Trustee.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">5</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;obligor&#8221; on the Securities means the Corporation and any other obligor on the Securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">All other TIA terms used in this Indenture but not defined herein that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule have the meanings assigned to them.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 1.4. <font style="font-style: italic;">Rules of Construction</font>. Unless the context otherwise requires:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) a term has the meaning assigned to it;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) an accounting term not otherwise defined has the meaning assigned to it in accordance with U.S. generally accepted accounting principles in effect from time to time unless a different time is established in the
        applicable Series of Securities;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) &#8220;or&#8221; is not exclusive;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) &#8220;including&#8221; means including without limitation;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(5) words in the singular include the plural, and in the plural include the singular; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(6) any gender used in this Indenture shall be deemed to include the neuter, masculine or feminine gender.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 2</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>THE SECURITIES</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.1. <font style="font-style: italic;">Form and Dating</font>. The Securities shall be issued substantially in the form or forms (including global form) of Exhibit A hereto or in such other form or forms as
        shall be established by or pursuant to a Board Resolution or Resolutions or any indenture supplemental hereto, in each case with such appropriate insertions, omissions, substitutions or other variations as are required or permitted by this
        Indenture. The Securities may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Security shall be dated the date of its authentication. Unless otherwise specified in a Board Resolution or Resolutions or
        supplemental indenture establishing the terms of the Securities, the Securities shall initially be issued only in denominations of $2,000 and integral multiples of $1,000 in excess thereof.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Notwithstanding the foregoing, if any Security of a Series is issuable in the form of a Global Security or securities, each such Global Security may provide that it shall represent the aggregate amount of Securities
        outstanding under the Series from time to time endorsed thereon and also may provide that the aggregate amount of Securities outstanding under the Series represented thereby may from time to time be reduced or increased. Any endorsement of a Global
        Security to reflect the amount of Securities outstanding under the Series represented thereby shall be made by the Trustee in</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div>accordance with the instructions of the Corporation and in such manner as shall be specified on such Global Security. Any instructions by the Corporation with respect to a Global Security, after its initial issuance, shall be in writing but need
        not comply with Section 11.4.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Before the first delivery of a Security of any Series to the Trustee for authentication, the Corporation shall deliver to the Trustee the following:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) the Board Resolution by or pursuant to which the forms and terms of the Security have been approved;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) an Officers&#8217; Certificate of the Corporation dated the date of delivery stating that all conditions precedent provided for in this Indenture relating to the authentication and delivery of Securities in that Series
        have been complied with and directing the Trustee to authenticate and deliver the Securities to or upon written order of the Corporation; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) an Opinion of Counsel stating that all conditions precedent provided for in this Indenture relating to the authentication and delivery of Securities of that Series have been complied with, subject to such
        qualifications as such counsel shall conclude are customarily included in similar opinions by lawyers experienced in such matters.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Notwithstanding the foregoing, if the Corporation shall establish pursuant to Section 2.3 that the Securities of a Series are to be issued in whole or in part in the form of one or more Global Securities, then the
        Corporation shall execute and the Trustee shall, in accordance with this Section 2.1, Section 2.2 and the authentication order of the Corporation with respect to such Series, authenticate and deliver one or more Global Securities in temporary or
        permanent form that shall (a) represent and be denominated in an aggregate amount equal to the aggregate principal amount of the Securities of such Series to be represented by one or more Global Securities, (b) be registered in the name of the
        Depositary for such Global Security or Global Securities or the nominee of such Depositary, (c) be delivered by the Trustee to such Depositary or pursuant to such Depositary&#8217;s instruction, and (d) bear a legend substantially to the following
        effect: &#8220;Unless and until it is exchanged in whole or in part for Securities in definitive form, this Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the
        Depositary or another nominee of the Depositary or by the Depositary or any nominee to a successor Depositary or a nominee of any successor Depositary.&#8221;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.2. <font style="font-style: italic;">Execution and Authentication</font>. Two Officers shall sign the Securities for the Corporation by manual or facsimile signature. Securities shall be dated the date of
        their authentication.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If an Officer whose signature is on a Security no longer holds that office at the time the Trustee authenticates the Security, the Security shall be valid nevertheless.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">7</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">A Security shall not be valid until the Trustee manually signs the certificate of authentication on the Security. The signature shall be conclusive evidence that the Security has been authenticated under this
        Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Notwithstanding the provisions of Section 2.3 and of the preceding paragraphs, if all Securities of a Series are not to be originally issued at one time (including, for example, a Series constituting a medium-term note
        program), it shall not be necessary to deliver the Officers&#8217; Certificate otherwise required pursuant to Section 2.1 or the Opinion of Counsel otherwise required pursuant to such preceding paragraphs at or prior to the time of authentication of each
        Security of such Series if such documents are delivered at or prior to the time of authentication upon original issuance of the first Security of such Series. In such case the Trustee may conclusively rely on the foregoing documents and opinions
        delivered pursuant to Section 2.1 and Section 2.3, and this Section 2.2, as applicable (unless revoked by superseding comparable documents or opinions), as to the matters set forth therein.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Notwithstanding the foregoing, if any Security shall have been duly authenticated and delivered hereunder but never issued and sold by the Corporation, and the Corporation shall deliver such Security to the Trustee for
        cancellation as provided in Section 2.12 together with a written statement (which need not comply with Section 2.1 and need not be accompanied by an Opinion of Counsel) stating that such Security has never been issued and sold by the Corporation,
        for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If any Security of a Series shall be represented by a Global Security, then, for purposes of this Section 2.2 and Section 2.11, the notation of the record owners&#8217; interest therein upon original issuance of such
        Security shall be deemed to be delivery in connection with the original issuance of each beneficial owner&#8217;s interest in such Global Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Trustee&#8217;s certificate of authentication on all Securities shall be in substantially the following form:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">This is one of the Securities of the Series designated herein and referred to in the within-mentioned Indenture.</div>
      <div>&#160;</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z5411bc6938be41c8b3c529f168ebfbb5" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 15%; vertical-align: top;">
              <div style="color: #000000;">Date:</div>
            </td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="vertical-align: top;" colspan="3">
              <div style="color: #000000;">[&#160;&#160;&#160;], as Trustee</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle; width: 5%;">&#160;</td>
            <td style="vertical-align: middle; width: 12%;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: top;">
              <div style="color: #000000;">By:</div>
            </td>
            <td style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 66%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 66%; vertical-align: top;">
              <div style="color: #000000;">Authorized Officer</div>
            </td>
          </tr>

      </table>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">8</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If at any time there shall be an authenticating agent appointed with respect to any Series of Securities, then the Trustee&#8217;s certificate of authentication to be borne by the Securities of each such Series shall be
        substantially as follows:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">This is one of the Securities referred to in the within-mentioned Indenture.</div>
      <div>&#160;</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z335c4d174df945a2a808bcee07b8890c" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="color: #000000;">[&#160;&#160;&#160;], as Trustee</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: #000000;">By:</div>
            </td>
            <td style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 88%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 88%; vertical-align: bottom;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">as Authenticating Agent</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="vertical-align: middle;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: #000000;">By:</div>
            </td>
            <td style="width: 2%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 88%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: bottom;">
              <div style="color: #000000;">&#160;</div>
            </td>
            <td style="width: 88%; vertical-align: bottom;">
              <div style="text-indent: -10pt; margin-left: 10pt; color: #000000;">Authorized Officer</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Trustee may appoint an authenticating agent acceptable to the Corporation to authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this
        Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Corporation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.3. <font style="font-style: italic;">Title, Amount and Terms of Securities</font>. The principal amount of Securities that may be authenticated and delivered and outstanding under this Indenture is not
        limited. The Securities may be issued in a total principal amount up to that authorized from time to time by or pursuant to relevant Board Resolutions or established in one or more indentures supplemental hereto.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Securities may be issued in one or more Series, each of which shall be issued pursuant to a Board Resolution or Resolutions of the Corporation, or established in one or more indentures supplemental hereto, which
        shall specify:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) the title of the Securities of that Series (which shall distinguish the Securities of that Series from Securities of all other Series);</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) any limit on the aggregate principal amount of the Securities of that Series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration or
        transfer of, in exchange for or in lieu of other Securities of that Series pursuant to Section 2.7, 2.8 or 3.7);</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) the date or dates (or manner of determining the same) on which the principal of the Securities of that Series is payable;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) the rate or rates, or the method to be used in ascertaining the rate or rates (which may be fixed or variable), at which the Securities of that Series shall bear interest (if any), the basis upon which interest
        shall be calculated if other than that of a 360-day year of 12 30-day months, the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest shall be payable and the record date for the interest payable
        on any Interest Payment Date;</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">9</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(5) if the trustee, paying agent or registrar of that Series is other than the Trustee initially named in this Indenture or any successor thereto, the trustee, paying agent or registrar of that Series;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(6) the place or places where the principal of and interest, if any, on Securities of that Series shall be payable;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(7) the period or periods within which, the price or prices at which and the terms and conditions on which Securities of that Series may be redeemed, in whole or in part, at the option of the Corporation;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(8) the obligation, if any, of the Corporation to redeem or purchase Securities of that Series pursuant to any sinking fund or analogous provisions or at the option of Holders of Securities of that Series, and the
        period or periods within which, the price or prices at which and the terms and conditions upon which Securities of that Series shall be redeemed or purchased, in whole or in part, pursuant to such obligation;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(9) if denominated in U.S. dollars, and in denominations other than minimum denominations of $2,000 and any multiple of $1,000 in excess thereof, the denominations in which Securities of that Series shall be issuable;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(10) if denominated in a Foreign Currency, the currency or currencies, including composite currencies, in which the Securities of that Series are denominated, and the denominations in which Securities of that Series
        shall be issuable;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(11) if other than the currency in which the Securities of that Series are denominated, the currency or currencies, including composite currencies, in which payment of the principal of and interest, if any, on
        Securities of that Series shall be payable;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(12) if the amount of payments of the principal of and interest, if any, on the Securities of that Series may be determined with reference to an index based on a currency or currencies other than that in which the
        Securities of that Series are denominated or if payment of interest is variable, the manner in which such amounts shall be determined and the Calculation Agent, if any, who shall be appointed and authorized to calculate such amounts;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(13) if other than the full principal amount, the portion, or the manner of calculation of such portion, of the principal amount of Securities of that Series which shall be payable upon a declaration of acceleration of
        the maturity pursuant to Section 6.2;</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">10</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(14) if convertible into Securities of another Series, or shares of capital stock of the Corporation, the terms upon which the Securities of that Series will be convertible into Securities of such other Series or
        shares of capital stock of the Corporation;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(15) the right, if any, of the Corporation to redeem all or any part of the Securities of that Series before maturity and the period or periods within which, the price or prices at which and the terms and conditions
        upon which Securities of that Series may be redeemed;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(16) if other than or in addition to the subordination provisions in Article 10, the terms of subordination with respect to the Securities of that Series;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(17) the provisions, if any, restricting defeasance or discharge of the Securities of that Series;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(18) if other than or in addition to the events specified in Section 6.1, events of default with respect to the Securities of that Series;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(19) if the Securities of that Series are to be issued in whole or in part in the form of one or more Global Securities, the Depositary for such Global Security or Global Securities if other than DTC and whether
        beneficial owners of interests in any such Global Securities may exchange such interests for other Securities of such Series in the manner provided in Section 2.7, and the manner and the circumstances under which and the place or places where any
        such exchanges may occur if other than in the manner provided in Section 2.7, and any other terms of the Series relating to the global nature of the Securities of such Series and the exchange, registration or transfer thereof and the payment of any
        principal thereof or interest, if any, thereon;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(20) any covenants or other restrictions on the Corporation&#8217;s operations;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(21) conditions to any merger or consolidation;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(22) any other terms of or relating to the Securities of that Series; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(23) the form of any notice to be delivered to the Trustee with respect to any such Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">All Securities of any particular Series shall be identical as to currency of denomination and otherwise shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant
        to the relevant Board Resolution or Resolutions or indentures supplemental hereto. All Securities of any particular Series need not be issued at the same time and, unless otherwise provided, a Series may be reopened, without the consent of the
        Holders, for issuances of additional Securities of that Series, unless otherwise specified in the relevant Board Resolution or Resolutions or one or more indentures supplemental hereto.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">11</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Trustee need not authenticate the Securities in any Series if their terms impose on the Trustee duties in addition to those imposed on the Trustee by this Indenture. If the Trustee does authenticate any such
        Securities, the authentication will evidence the Trustee&#8217;s agreement to comply with any such additional duties.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Each Depositary for a Global Security in registered form shall, if required, at the time of its designation and at all times while it serves as a Depositary, be a clearing agency registered under the Exchange Act and
        any other applicable statute or regulation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.4. <font style="font-style: italic;">Registrar, Paying Agent and Calculation Agent</font>. The Corporation shall maintain an office or agency where Securities may be presented for registration of transfer or
        for exchange (&#8220;Registrar&#8221;) and an office or agency where Securities may be presented for payment (&#8220;Paying Agent&#8221;). The Registrar shall keep a register of the Securities and of their transfer and exchange. The Corporation may have one or more
        co-registrars and one or more additional paying agents. The term &#8220;Registrar&#8221; includes any co-registrar and the term &#8220;Paying Agent&#8221; includes any additional paying agent. The Corporation may change any Paying Agent, Registrar or Calculation Agent
        without notice to any Holder. There may be separate Registrars, Paying Agents and Calculation Agents for different Series of Securities. The Corporation shall enter into an appropriate agency agreement with any Registrar, Paying Agent, Calculation
        Agent or co-registrar not a party to this Indenture. The agreements shall implement the provisions of this Indenture that relate to such Agent. The Corporation shall notify the Trustee of the name and address of any such Agent. If the Corporation
        fails to maintain a Registrar, Paying Agent or Calculation Agent, the Trustee shall act as such.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Any Agent under this Indenture shall comply with the provisions of TIA &#167; 317(b).</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Corporation initially appoints the Trustee as Registrar, Paying Agent and Calculation Agent.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Corporation initially appoints DTC to act as the Depositary with respect to the Global Securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.5. <font style="font-style: italic;">Paying Agent to Hold Money in Trust</font>. Each Paying Agent for any Series of Securities shall hold in trust for the benefit of Holders of Securities of the same Series
        or the Trustee all money held by the Paying Agent for the payment of principal of or interest on such Securities and shall notify the Trustee of any default by the Corporation in making such payment. When such default continues, the Trustee may
        require the Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent shall have no further liability for the money delivered to the Trustee. If the Corporation or a Subsidiary acts as Paying Agent
        with respect to a Series of Securities, it shall segregate the money for that Series and hold it as a separate trust fund. The Corporation at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon doing so the Paying
        Agent shall have no further liability for the money delivered to the Trustee.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">12</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.6. <font style="font-style: italic;">Securityholder Lists</font>. For each Series of Securities, the Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to
        it of the names and addresses of Holders of Securities of that Series and shall otherwise comply with TIA &#167; 312(a). If the Trustee is not the Registrar, the Corporation shall furnish or cause to be furnished to the Trustee on or before each
        Interest Payment Date for each Series of Securities and at such other times as the Trustee may request in writing a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Holders of Securities of
        that Series.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.7. <font style="font-style: italic;">Transfer and Exchange</font>. Where a Security (other than a Global Security except as set forth herein) is presented to the Registrar or a co-registrar with a request to
        register a transfer, the Registrar shall register the transfer as requested if the requirements of Section 8-401(1) of the New York Uniform Commercial Code are met. Where Securities (other than a Global Security except as set forth herein) of any
        Series are presented to the Registrar or a co-registrar with a request to exchange them for an equal principal amount of Securities of other denominations of the same Series with identical terms as the Securities exchanged, the Registrar shall make
        the exchange as requested if the same requirements are met. To permit transfers and exchanges, the Corporation shall execute and the Trustee shall authenticate Securities at the Registrar&#8217;s request. No service charge shall be made for any
        registration of transfer or exchange of Securities, but the Corporation may require payment of a sum sufficient to cover any stamp or transfer tax or similar governmental charge payable in connection therewith (other than any such stamp or transfer
        taxes or similar governmental charge payable upon exchange or transfer pursuant to Section 2.11 or 3.7 hereto). The Corporation shall not be required to make transfers or exchanges of Securities of any Series for a period of 15 days before a
        selection of Securities of the same Series to be redeemed or before an interest payment.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Members of, or participants in, the Depositary (&#8220;Agent Members&#8221;) shall have no rights under this Indenture with respect to any Global Security held on their behalf by the Depositary, or the Trustee as its custodian, or
        under the Global Security, and the Depositary may be treated by the Corporation, the Trustee and any agent of the Corporation or the Trustee as the Holder and absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the
        foregoing, nothing herein shall prevent the Corporation, the Trustee or any agent of the Corporation or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impairing, as between
        the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If at any time the Depositary notifies the Corporation that it is unwilling or unable to continue as Depositary for some or all of the Global Securities or if at any time the Depositary shall no longer be eligible to
        so continue under applicable law, the Corporation shall identify a successor Depositary eligible under applicable law with respect to such Global Securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Transfers of any Global Security shall be limited to transfers in whole, but not in part, to the Depository, its successors or their respective nominees. Interests of beneficial</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">13</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div>owners in the Global Security may be transferred or exchanged for definitive Securities in accordance with the rules and procedures of the Depository. In addition, definitive Securities shall be transferred to all beneficial owners in exchange
        for their beneficial interests in a Global Security if (i) the Depository notifies the Corporation that it is unwilling or unable to continue as Depository for the Global Security or, if at any time, the Depository ceases to be a clearing agency
        registered under the Exchange Act, and a successor depository is not appointed by the Corporation within 90 days of such notice, (ii) an Event of Default has occurred and is continuing and the Registrar has received a request from the Depository to
        issue definitive Securities or (iii) the Corporation, in its discretion, at any time determines not to have such Securities represented by one or more Global Securities and the Corporation so notifies the Depositary; <u>provided</u> that in the
        event definitive Securities of a Series shall be transferred to all beneficial owners as provided above, the Corporation will execute, and the Trustee, upon receipt of an order of the Corporation for the authentication and delivery of definitive
        Securities of such Series, will authenticate and deliver to each party specified by such Depositary a new Security or Securities of such Series in definitive form, of any authorized denomination as requested by such party in an aggregate principal
        amount equal to the principal amount of the Global Security or Securities representing such Series in exchange for such parties beneficial interest in the Global Security or Securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">In connection with any transfer or exchange of a portion of the beneficial interest in any Global Security to beneficial owners pursuant to the preceding paragraph, the Registrar shall (if one or more definitive
        Securities are to be issued) reflect on its books and records the date and a decrease in the principal amount of the Global Security in an amount equal to the principal amount of the beneficial interest in the Global Security to be transferred, and
        the Corporation shall execute, and the Trustee shall authenticate and deliver, one or more definitive Securities of like tenor and amount.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">In connection with the transfer of an entire Global Security to beneficial owners pursuant to the two paragraphs above, the Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the
        Corporation shall execute, and the Trustee upon receipt of an order of the Corporation for the authentication and delivery of definitive Securities of such Series shall authenticate and deliver, to each beneficial owner identified by the Depository
        in exchange for its beneficial interest in the Global Security, an equal aggregate principal amount of definitive Securities of authorized denominations.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">To permit registrations of transfers and exchanges, the Corporation shall execute and the Trustee shall authenticate Global Securities and certificated Securities at the Registrar&#8217;s request.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">No service charge shall be made to a Holder for any registration of transfer or exchange, but the Corporation may require payment of a sum sufficient to cover any stamp or transfer tax or similar governmental charge
        payable in connection therewith (other than any such stamp or transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.11 and 3.7 hereto).</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">14</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">All Global Securities and definitive Securities issued upon any registration of transfer or exchange of Global Securities and definitive Securities shall be the valid obligations of the Corporation, evidencing the same
        debt, and entitled to the same benefits under this Indenture, as the Global Securities and definitive Securities surrendered upon such registration of transfer or exchange.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Registrar shall not be required (A) to issue, to register the transfer of or to exchange Securities of either Series during a period beginning at the opening of fifteen (15) days before the day of any selection of
        Securities of such Series for redemption under Section 3.3 hereof and ending at the close of business on the day of selection, (B) to register the transfer of or to exchange any Security so selected for redemption in whole or in part, except the
        unredeemed portion of any Security being redeemed in part, or (C) to register the transfer of or to exchange a Security between a record date and the next succeeding Interest Payment Date.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Prior to due presentment for the registration of a transfer of any Security, the Trustee, any Agent and the Corporation may deem and treat the Person in whose name any Security is registered as the absolute owner of
        such Security for the purpose of receiving payment of principal of, premium, if any, and interest on such Securities and for all other purposes, and neither the Trustee, any Agent nor the Corporation shall be affected by notice to the contrary.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Trustee shall authenticate Global Securities and definitive Securities in accordance with the provisions of Section 2.2 hereof. Except as provided in the second through fourth paragraphs of this Section 2.7,
        neither the Trustee nor the Registrar shall authenticate or deliver any definitive Security in exchange for a Global Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Holder of any Global Security may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled
        to take under this Indenture or the Securities of such Series.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Each Global Security shall also bear the following legend on the face thereof:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">&#8220;Unless and until it is exchanged in whole or in part for securities in definitive form, this security may not be transferred except as a whole by the depository to a nominee of the depository, or by any such nominee
        of the depository, or by the depository or nominee of such successor depository or any such nominee to a successor depository or a nominee of such successor depository. Unless this certificate is presented by an authorized representative of The
        Depository Trust Company, a New York corporation (&#8220;DTC&#8221;), to an issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede &amp; Co. or such other name as is requested by an
        authorized representative of DTC (and any payment hereon is made to Cede &amp; Co. or to such other entity as is requested by an authorized representative of DTC), any transfer, pledge or other use hereof for value or otherwise by or to any person
        is wrongful inasmuch as the registered owner hereof, Cede &amp; Co., has an interest herein.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">15</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Transfers of this global security shall be limited to transfers in whole, but not in part, to nominees of Cede &amp; Co. or to a successor thereof or such successor&#8217;s nominee.&#8221;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Neither the Trustee nor the Registrar shall have any obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with
        respect to any transfer of any interest in any Security (including any transfers between or among Agent Members or beneficial owners of interests in any Global Security) other than to require delivery of such certificates and other documentation or
        evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof; provided, that the
        Trustee shall have no duty to require delivery or examine any certificate for any transfer of interest in the same Global Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">None of the Corporation, the Trustee, the Paying Agent, the Calculation Agent, the Registrar or any co-registrar shall have any responsibility or liability for any aspect of the records relating to or payments made on
        account of beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Upon the exchange of the Global Security for Securities in definitive form, such Global Security shall be canceled by the Trustee. Securities issued in exchange for a Global Security pursuant to this Section 2.7 shall
        be registered in such names and in such authorized denominations as the Depositary for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such
        Securities to the parties in whose names such Securities are so registered.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.8. <font style="font-style: italic;">Replacement Securities</font>. If the Holder of a Security claims that the Security has been mutilated, destroyed, lost or stolen, the Corporation may issue and the
        Trustee shall authenticate a replacement Security of the same Series with identical terms as the Securities exchanged. Such holder shall furnish an indemnity bond sufficient in the judgment of the Corporation and the Trustee to protect the
        Corporation, the Trustee, the Paying Agent, the Registrar and any co-registrar from any loss which any of them may suffer if a Security is replaced. The Corporation and the Trustee may charge for their expenses in replacing a Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">In case any such mutilated, destroyed, lost or stolen Security has become due and payable, the Corporation in its discretion may, instead of issuing a new Security, pay such Security (without surrender thereof except
        in the case of a mutilated Security) if the applicant for such payment shall furnish to the Corporation, the Trustee, the Paying Agent, the Calculation Agent, the Registrar and any co-registrar for such Security such security or indemnity as may be
        required by them to hold each of them harmless, and in case of destruction, loss or theft, evidence satisfactory to the Corporation, the Trustee, the Paying Agent, the Calculation Agent, the Registrar and any co-registrar, and any agent of any of
        them, of the destruction, loss or theft of such Security and the ownership thereof.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">16</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Upon the issuance of any new Security under this Section 2.8, the Corporation may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any
        other expenses (including all fees and expenses of the Trustee, the Paying Agent, the Calculation Agent the Registrar and any co-registrar for such Security) connected therewith.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Every new Security of any Series issued pursuant to this Section 2.8 in lieu of any destroyed, lost or stolen Security or in exchange for any mutilated Security, shall constitute an original additional obligation of
        the Corporation, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of the same
        Series.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The provisions of this Section 2.8 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.9. <font style="font-style: italic;">Outstanding Securities</font>. Securities outstanding at any time are all Securities authenticated by the Trustee except for those canceled by it, those delivered to it
        for cancellation and those described in this Section 2.9 as not outstanding. A Security does not cease to be outstanding because the Corporation or an Affiliate of the Corporation holds the Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If the Paying Agent holds on a redemption date or maturity date money sufficient to pay Securities payable on that date, then on and after that date such Securities cease to be outstanding and interest on them ceases
        to accrue.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If a Security is redeemed (or as to which the full redemption price has been deposited with the Trustee on the applicable Redemption Date), the Corporation and the Trustee need not treat the Security as outstanding in
        determining whether Holders of the required principal amount of Securities have concurred in any direction, waiver or consent.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.10. <font style="font-style: italic;">Treasury Notes</font>. In determining whether the Holders of the required aggregate principal amount of Securities of any Series have concurred in any direction, waiver
        or consent, Securities owned by the Corporation or by any Affiliate of the Corporation shall be considered as though not outstanding, except that, for the purposes of determining whether the Trustee shall be protected in relying on any such
        direction, waiver or consent, only Securities shown on the register as being so owned shall be so disregarded. Notwithstanding the foregoing, Securities that are to be acquired by the Corporation or an Affiliate of the Corporation pursuant to an
        exchange offer, tender offer or other agreement shall not be deemed to be owned by such entity until legal title to such Securities passes to such entity.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">17</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.11. <font style="font-style: italic;">Temporary Securities</font>. Until definitive Securities of any Series are ready for delivery or a permanent Global Security or Securities are prepared, as the case may
        be, the Corporation may prepare and the Trustee shall authenticate temporary Securities or one or more temporary Global Securities, as the case may be, of the same Series in accordance with the terms and conditions of this Indenture. Temporary
        Securities of any Series shall be substantially in the form of definitive Securities or permanent Global Securities, as the case may be, of the same Series, but may have variations that the Corporation considers appropriate for temporary
        Securities. Without unreasonable delay, the Corporation shall prepare and the Trustee shall authenticate definitive Securities or a permanent Global Security or Securities, as the case may be, of the same Series in exchange for temporary
        Securities. Until so exchanged, the temporary Securities of any Series shall be entitled to the same benefits under this Indenture as definitive Securities or permanent Global Securities of such Series.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.12. <font style="font-style: italic;">Cancellation</font>. The Corporation at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee
        any Securities surrendered to them for transfer, exchange or payment. Upon the Corporation&#8217;s request, the Trustee and no one else shall cancel all Securities surrendered for transfer, exchange, payment or cancellation, and shall so certify to the
        Corporation. The Corporation may not issue new Securities to replace Securities it has paid or delivered to the Trustee for cancellation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.13. <font style="font-style: italic;">Defaulted Interest</font>. If the Corporation defaults in a payment of interest on any Securities of any Series, it shall pay the defaulted interest to the persons who
        are Holders of those Securities on a subsequent special record date. The Corporation shall fix the special record date and payment date at least 15 days before the special record date, the Corporation shall mail to each Holder of Securities of that
        Series a notice that states the special record date, the payment date and the amount of defaulted interest to be paid. The Corporation may pay defaulted interest in any other lawful manner.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.14. <font style="font-style: italic;">Payment in Currencies</font>. (a) Payment of the principal of and interest, if any, on the Securities shall be made in the currency or currencies specified below:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) for Securities of a Series denominated in U.S. dollars, payment shall be made in U.S. dollars; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) for Securities of a Series denominated in a Foreign Currency, payment shall be made in that Foreign Currency unless the Holder of a Security of that Series elects to receive payment in U.S. dollars and such
        election is permitted by the Board Resolution or Resolutions or indentures supplemental hereto adopted pursuant to Section 2.3 in respect of that Series.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">A Holder may make the election referred to in clause (2) above by delivering to the Trustee or Paying Agent, as applicable, for such series of Securities (the &#8220;foreign paying agent&#8221;) a written notice of election
        substantially in the form contemplated by the</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">18</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div>Board Resolution or Resolutions or indentures supplemental hereto adopted pursuant to Section 2.3 or in any other form acceptable to the foreign paying agent. For any payment, a notice of election will not be effective unless it is received by
        the foreign paying agent not later than the close of business on the applicable record date. An election shall remain in effect until the Holder delivers to the foreign paying agent a written notice specifying a change in the currency in which
        payment is to be made. No change in currency may be made for payments to be made on Securities of a Series for which notice of redemption has been given pursuant to Article 3 or as to which the Corporation has accomplished a satisfaction, discharge
        or defeasance pursuant to Section 8.1, 8.2 or 8.8.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(b) The foreign paying agent shall deliver to the Corporation, not later than the fourth Business Day after each record date for payment on Securities of a Series denominated in a Foreign Currency, a written notice
        specifying, in the currency in which the Securities of that Series are denominated, the aggregate amount of the principal of and interest, if any, on Securities of that Series to be paid on the payment date. If at least one Holder has made the
        election referred to in clause (2) of paragraph (a) of this Section 2.14, the written notice shall also specify, in each currency elected, the amount of principal of and interest, if any, to be paid in that currency on the payment date.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(c) The amount payable to Holders of Securities of a Series denominated in a Foreign Currency who have elected to receive payment in U.S. dollars shall be determined by the foreign paying agent on the basis of the
        Market Exchange Rate in effect on the record date.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(d) If the Foreign Currency in which a Series of Securities is denominated ceases to be used both by the government of the country that issued such currency and for the settlement of transactions by public institutions
        of or within the international banking community, then for each payment date on Securities of that Series occurring after the last date on which the Foreign Currency was so used, all payments on Securities of that Series shall be made in U.S.
        dollars. If payment is to be made in U.S. dollars to the Holders of Securities of any such Series pursuant to the preceding sentence, then the amount to be paid in U.S. dollars on a payment date by the Corporation to the foreign paying agent and by
        the foreign paying agent or any Paying Agent to Securityholders shall be determined by the foreign paying agent as of the applicable record date and shall be equal to the sum obtained by converting the specified Foreign Currency into U.S. dollars
        at the Market Exchange Rate on the last record date on which such Foreign Currency was so used in either such capacity.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(e) All decisions and determinations of the foreign paying agent regarding the amount payable in accordance with paragraph (c) of this Section 2.14, conversion of Foreign Currency into U.S. dollars pursuant to
        paragraph (d) of this Section 2.14 or the Market Exchange Rate shall, in the absence of manifest error, be conclusive for all purposes and irrevocably binding upon the Corporation and all Securityholders. If a Foreign Currency in which payment on
        Securities of a Series may be made pursuant to paragraph (a) of this Section 2.14 ceases to be used both by the government of the country that issued such currency and for the settlement of</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">19</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>transactions by public institutions of or within the international banking community, the Corporation shall give notice to the foreign paying agent and mail notice by first-class mail to each Holder of Securities of that Series specifying the
        last date on which the Foreign Currency was used for the payment of principal of or interest, if any, on Securities of that Series.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 2.15. <font style="font-style: italic;">CUSIP Numbers</font>. The Corporation in issuing the Securities may use a &#8220;CUSIP&#8221; and/or ISIN or other similar number, and if it does so, the Corporation may use the
        CUSIP and/or ISIN or other similar number in notices of redemption or exchange as a convenience to Holders; <u>provided</u> that any such notice may state that no representation is made as to the correctness or accuracy of the CUSIP and/or ISIN or
        other similar number printed in the notice or on the Securities and that reliance may be placed only on the other identification numbers printed on the Securities. The Corporation shall promptly notify the Trustee of any change in the CUSIP and/or
        ISIN or other similar number.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 3</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>REDEMPTION</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 3.1. <font style="font-style: italic;">Applicability of this Article</font>. Securities of any Series that are redeemable prior to their maturity shall be redeemable in accordance with their terms (except as
        otherwise specified in this Indenture for Securities of any Series) and in accordance with this Article 3.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 3.2. <font style="font-style: italic;">Notices to Trustee</font>. If the Corporation chooses to redeem any Securities, it shall notify the Trustee of the redemption date and the principal amount of Securities
        to be redeemed in accordance with the terms of the Securities. If redemption is of less than all the outstanding Securities of a Series, the Corporation shall furnish to the Trustee, at least 30 days before the optional redemption date (or such
        shorter period as is acceptable to the Trustee) an Officers&#8217; Certificate stating (i) the aggregate principal amount of Securities to be redeemed and (ii) the redemption date.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 3.3. <font style="font-style: italic;">Selection of Securities to be Redeemed</font>. If, at the option of the Corporation, less than all the Securities of a Series are to be redeemed, the Trustee shall select
        the Securities of such Series to be redeemed on a <u>pro rata</u> basis, by lot or by such method as the Trustee shall deem fair and appropriate or in accordance with the applicable procedures of the Depositary. The Trustee shall make the
        selection from outstanding Securities of such Series not previously called for redemption and shall promptly notify the Corporation in writing of the Securities of such Series selected for redemption and, in the case of any Securities selected for
        partial redemption, the principal amount thereof to be redeemed. The Trustee may select for redemption portions of the principal of Securities that have a denomination larger than $2,000 (or the applicable minimum denomination for such Securities
        in the event the Securities are payable in a Foreign Currency or Currencies), Securities and portions of them it selects shall be in minimum amounts of $2,000 (or the applicable minimum denomination for such Securities in the event the Securities
        are payable in a Foreign Currency or Currencies) or</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">20</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div>a multiple of $1,000 (or the applicable minimum denomination for such Securities in the event the Securities are payable in a Foreign Currency or Currencies). Provisions of this Indenture that apply to Securities called for redemption also apply
        to portions of Securities called for redemption.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to
        the portion of the principal amount of such Securities which has been or is to be redeemed.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 3.4. <font style="font-style: italic;">Notice of Redemption</font>. At least 15 days but not more than 30 days before a date of redemption of Securities at the option of the Corporation, the Corporation shall
        send or cause to be sent by electronic transmission or by first class mail (with a copy to the Trustee), a notice of redemption to each Holder of Securities to be redeemed. Notice of any redemption may, at the Corporation&#8217;s discretion, be subject
        to one or more conditions precedent. In the event that any relevant condition precedent is not satisfied (or waived by the Corporation) as of the date specified for redemption in any such notice of redemption (or amendment thereto), the Corporation
        may, in its discretion, rescind such notice or amend it on one or more occasions to specify another redemption date until the satisfaction (or waiver by the Corporation) of any such conditions precedent, unless such notice is earlier rescinded by
        the Corporation as described above.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The notice shall identify the Securities to be redeemed and shall state:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) the optional redemption date;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) the redemption price, including the portion thereof representing any accrued and unpaid interest (or the formula for the determination thereof if the redemption price cannot be determined until a later date);</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) if any Security is being redeemed in part, the portion of the principal amount of such Securities to be redeemed and that, after the redemption date, upon surrender of such Security, a new Security in principal
        amount equal to the unredeemed portion shall be issued upon cancellation of the original Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) the name and address of the Paying Agent;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(5) that Securities called for redemption must be surrendered to the Paying Agent to collect the redemption price;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(6) that, unless the Corporation defaults in making such redemption payment, interest on Securities called for redemption ceases to accrue on and after the redemption date;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(7) the paragraph of the Securities and/or Section of this Indenture (or any supplement to this Indenture) pursuant to which the Securities called for redemption are being redeemed;</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">21</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(8) if applicable, any condition to such redemption; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(9) that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Securities called for redemption.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">At the Corporation&#8217;s request, the Trustee shall give the notice of redemption in the Corporation&#8217;s name and at its expense; provided, however that the Corporation notified the Trustee of its intent to have the Trustee
        give such notice of redemption at least two Business Days prior to date such notice of redemption is given. In such event the Corporation will provide the Trustee with the information required by clauses (1) through (9). The notice sent in the
        manner herein provided shall be conclusively presumed to have been duly given whether or not a Holder receives such notice. In any case, failure to give such notice by electronic transmission or by mail or any defect in the notice to the Holder of
        any Security shall not affect the validity of the notice to any other Holder.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 3.5. <font style="font-style: italic;">Effect of Notice of Redemption</font>. Once notice of redemption has been sent in accordance with Section 3.4 and any conditions precedent stated therein have been
        satisfied (or waived by the Corporation), the Securities called for redemption become due and payable on the redemption date and at the redemption price stated in the notice. Upon surrender to the Paying Agent, such Securities shall be paid at the
        redemption price stated in the notice, plus accrued and unpaid interest to the redemption date; provided, however, that any regular payment of interest becoming due on the redemption date shall be payable to the Holder of any such Security being
        redeemed as provided in the Security.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 3.6. <font style="font-style: italic;">Deposit of Redemption Price</font>. On or before 10:00 a.m. (New York City time) on each redemption date, the Corporation shall deposit with the Trustee or with the
        Paying Agent (other than the Corporation or an Affiliate of the Corporation) money sufficient to pay the applicable redemption price of all Securities to be redeemed on that date. The Trustee or the Paying Agent shall promptly return to the
        Corporation any money deposited with the Trustee or the Paying Agent by the Corporation in excess of the amounts necessary to pay the redemption price of all Securities to be redeemed.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If Securities called for redemption are paid or if the Corporation has deposited with the Trustee or Paying Agent money sufficient to pay the redemption price of all Securities to be redeemed, on and after the
        redemption date, interest shall cease to accrue on the Securities or the portions of Securities called for redemption (regardless of whether certificates for such Securities are actually surrendered). If any Security called for redemption shall not
        be so paid upon surrender for redemption because of the failure of the Corporation to comply with the preceding paragraph, interest shall be paid on the unpaid principal from the redemption date until such principal is paid, and, to the extent
        lawful, on any interest not paid on such unpaid principal, in each case, at the rate provided in such Security.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">22</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 3.7. <font style="font-style: italic;">Securities Redeemed in Part</font>. Upon surrender of a Security that is redeemed in part, the Corporation shall issue and, upon the written request of an Officer of the
        Corporation, the Trustee shall authenticate for the Holder a new Security equal in principal amount to the unredeemed portion of the Security surrendered.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 4</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>COVENANTS</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 4.1. <font style="font-style: italic;">Payment of Securities</font>. The Corporation shall promptly pay or cause to be paid the principal of, premium, if any, and interest on the Securities on the dates and in
        the manner provided in the Securities. Unless otherwise specified in this Indenture or the Securities, the Corporation shall deposit with the Paying Agent (other than the Corporation or an Affiliate of the Corporation) money sufficient to pay such
        amounts on or before 10:00 A.M. (New York City time) on the date such amounts are due and payable.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 4.2. <font style="font-style: italic;">Compliance Certificate</font>. The Corporation shall deliver to the Trustee within 120 days after the end of each fiscal year of the Corporation an Officers&#8217; Certificate
        stating whether or not the signers know of any Default by the Corporation in performing its covenants in this Indenture. If they do know of such a Default, the certificate shall describe the Default. The certificate need not comply with Section
        11.5.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Corporation shall, so long as any of the Securities are outstanding, deliver to the Trustee, within 30 days after the occurrence thereof, written notice in the form of an Officers&#8217; Certificate of any event which is
        an Event of Default and what action the Corporation is taking or proposes to take in respect thereof.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 4.3. <font style="font-style: italic;">SEC Reports</font>. The Corporation shall file with the Trustee within 15 days after it files them with the SEC copies of the annual reports and of the information,
        documents and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) which the Corporation files with the SEC pursuant to Section 13 or Section 15(d) of the Exchange Act. Delivery of
        such reports, information and documents to the Trustee pursuant to this Section 4.3 is for informational purposes only, and the Trustee&#8217;s receipt thereof shall not constitute constructive notice of any information contained therein or determinable
        from information contained therein, including the Corporation&#8217;s compliance with any of its covenants under this Indenture (as to which the Trustee is entitled to certificates). Notwithstanding the foregoing, the Corporation will be deemed to have
        furnished such reports to the Trustee and the Holders if the Corporation has filed such reports with the SEC via the EDGAR filing system (or any successor thereto) and such reports are publicly available.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">23</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 5</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>SUCCESSOR CORPORATION</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 5.1. <font style="font-style: italic;">Consolidation, Merger, and Sale of Assets</font>. The Corporation shall not consolidate with or merge into, or transfer all or substantially all of the assets of the
        Corporation and its subsidiaries, taken as a whole, to, another entity unless:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) the resulting, surviving or transferee entity is organized under the laws of the United States, any state thereof or the District of Columbia and (unless the Corporation is the resulting or surviving entity in any
        such consolidation or merger) assumes by supplemental indenture all of the obligations of the Corporation under each Series of Securities (if Securities of such Series are then outstanding) and this Indenture;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) immediately after giving effect to the transaction no Default or Event of Default shall have happened and be continuing; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) the Corporation shall have delivered to the Trustee an Officers&#8217; Certificate and an Opinion of Counsel each stating that the consolidation, merger or transfer and the supplemental indenture comply with this
        Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 5.2. <font style="font-style: italic;">Successor Person Substituted</font>. Upon any consolidation or merger (other than any consolidation or merger where the Corporation is the resulting or surviving entity),
        or any transfer of all or substantially all of the assets of the Corporation and its subsidiaries, taken as a whole, in each case in accordance with Section 5.1 hereof, the successor entity formed by such consolidation or into or with which the
        Corporation is merged or to which such transfer is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger or transfer, the provisions of this Indenture referring to the &#8220;Corporation&#8221; or the
        &#8220;Issuer&#8221; shall refer instead to the successor entity and not to the Corporation), and shall exercise every right and power of, the Corporation under this Indenture with the same effect as if such successor Person had been named as the Corporation
        herein and the Corporation shall be released from all obligations under the Securities and this Indenture.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 6</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>DEFAULTS AND REMEDIES</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.1. <font style="font-style: italic;">Events of Default</font>. Each of the following constitutes an &#8220;Event of Default&#8221; in respect of a Series of Securities:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) the Corporation defaults in the payment of any interest on any Security of that Series when the same becomes due and payable and the Default continues for a period of 30 days;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) the Corporation defaults in the payment of the principal of (or in the case of any Discounted Security of that Series, the portion thereby specified in the terms of such Security) or premium, if any, on any
        Security of that Series when the same becomes due and payable;</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">24</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) the Corporation fails to comply with any of its agreements in the Securities of that Series or this Indenture for the benefit of that Series (other than those referred to in clauses (1) or (2) above) and the
        Default continues for the period and after the notice specified in this Section 6.1;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) the Corporation pursuant to or within the meaning of any Bankruptcy Law:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(A) commences a voluntary case,</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(B) consents to the entry of an order for relief against it in an involuntary case,</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(C) consents to the appointment of a Custodian of it or for all or substantially all of its property, or</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(D) makes a general assignment for the benefit of its creditors;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(5) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(i) is for relief against the Corporation in an involuntary case,</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(ii) appoints a Custodian of the Corporation or for all or substantially all of its property, or</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(iii) orders the winding up or liquidation of the Corporation, and</div>
      <div><br>
      </div>
      <div>the order or decree remains unstayed and in effect for 60 days; or</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(6) there occurs any other event specifically described as an Event of Default by the Securities of that Series.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">A default under clause (3) shall not be an Event of Default with respect to a Series of Securities until the Trustee or the Holders of at least 25% in principal amount of the then outstanding Securities of such Series
        issued pursuant to this Indenture (including any additional Securities of such Series issued pursuant to this Indenture after the Issue Date) notify the Corporation in writing of the Default and the Corporation does not cure the Default within 90
        days after receipt of the notice. The notice must specify the Default, demand that it be remedied and state that the notice is a &#8220;Notice of Default.&#8221; Subject to Sections 7.1 and 7.2, the Trustee shall not be charged with actual knowledge of any
        Default, or of the delivery to the Corporation of a notice of Default by any Holder, unless written notice thereof shall have been given to a Responsible Officer of the Trustee by the Corporation, the Paying Agent, the Holder of a Security or an
        agent of such Holder.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">25</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.2. <font style="font-style: italic;">Acceleration</font>. If an Event of Default in respect of the Securities of a particular Series (other than an Event of Default specified in clause (4) or (5) of Section
        6.1) occurs and is continuing, then the Trustee or the Holders of not less than 25% in aggregate principal amount of the then outstanding Securities of such Series issued pursuant to this Indenture (including any additional Securities of such
        Series issued pursuant to this Indenture after the Issue Date) may declare the principal (or, in the case of Discounted Securities, such amount of principal as may be provided for in such Securities) of all of such outstanding Securities and any
        accrued interest on such Securities to be due and payable immediately by a notice in writing to the Corporation (and to the Trustee if given by the Holders); <u>provided</u>, <u>however</u>, that if an Event of Default specified in clause (4) or
        (5) of Section 6.1 occurs and is continuing, then the principal and accrued and unpaid interest on all the Securities of that Series shall become immediately due and payable without any declaration or other act on the part of the Trustee or any
        Holders; <u>provided further</u>, <u>however</u>, that Holders of a majority in aggregate principal amount of the then outstanding Securities of a Series issued pursuant to this Indenture (including any additional Securities of such Series issued
        pursuant to this Indenture after the Issue Date), by notice to the Trustee, may rescind and annul a declaration of acceleration (and upon such rescission any Event of Default caused by such acceleration shall be deemed cured) with respect to that
        Series and its consequences if all existing Events of Default with respect to the Series have been cured or waived, if the rescission and annulment would not conflict with any judgment or decree of a court of competent jurisdiction obtained by the
        Trustee for the payment of amounts due on the Securities, and if all payments due to the Trustee under Section 7.7 have been made.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.3. <font style="font-style: italic;">Other Remedies</font>. If an Event of Default with respect to a Series of Securities occurs and is continuing, the Trustee may pursue any available remedy by proceeding
        at law or in equity to collect the payment of principal (or, in the case of Discounted Securities, such amount of principal as may be provided for in such Securities), premium, if any, or interest on the Securities of that Series or to enforce the
        performance of any provision of such Securities or this Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Trustee may maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Securityholder in exercising any
        right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative to the extent
        permitted by law.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.4. <font style="font-style: italic;">Waiver of Past Defaults</font>. Subject to Section 9.2, the Holders of a majority in principal amount of the Securities of a Series (including any additional Securities
        of such Series issued pursuant to this Indenture after the Issue Date) by notice to the Trustee may waive an existing Default or Event of Default with respect to that Series and its consequences. When a Default or Event of Default is waived, it is
        cured and stops continuing, but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">26</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.5. <font style="font-style: italic;">Control by Majority</font>. The Holders of a majority in principal amount of the Securities of a Series may direct the time, method and place of conducting any proceeding
        for any remedy available to the Trustee or of exercising any trust or power conferred on it with respect to that Series. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, or, subject to Section 7.1,
        that the Trustee determines is unduly prejudicial to the rights of other Holders of Securities of the same Series or would involve the Trustee in personal liability.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.6. <font style="font-style: italic;">Limitation on Suits</font>. No Holder of a Security of any Series may pursue any remedy with respect to this Indenture or the Securities unless:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) the Holder gives to the Trustee written notice stating that an Event of Default with respect to the Securities of the Series is continuing;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) the Holders of at least 25% in principal amount of the Securities of that Series (including any additional Securities of such Series issued pursuant to this Indenture after the Issue Date) make a written request to
        the Trustee to pursue the remedy;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(5) during such 60-day period the Holders of a majority in principal amount of the Securities of that Series (including any additional Securities of such Series issued pursuant to this Indenture after the Issue Date)
        do not give the Trustee a direction inconsistent with the request.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">A Holder may not use this Indenture to prejudice the rights of another Securityholder or to obtain a preference or priority over another Holder.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.7. <font style="font-style: italic;">Rights of Holders to Receive Payment</font>. Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal (or, in the
        case of a Discounted Security, the portion thereby specified in the terms of such Security), premium, if any, and interest on the Security on or after the respective due dates expressed in the Security, or to bring suit for the enforcement of any
        such payment on or after such respective date, shall not be impaired or affected without the consent of the Holder.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.8. <font style="font-style: italic;">Collection Suit by Trustee</font>. If an Event of Default in payment of interest or principal specified in Section 6.1(1) or (2) occurs and is continuing with respect to
        a Series of Securities, the Trustee may recover judgment in its own name and as trustee of an express trust against the Corporation for the whole amount of principal and interest remaining unpaid.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">27</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.9. <font style="font-style: italic;">Trustee May File Proofs of Claim</font>. The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the
        claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Corporation, or any of its creditors or property, and unless prohibited by law or applicable regulations, may vote on behalf of the Holders in any election of
        a trustee in bankruptcy or other Person performing similar functions. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
        Section 7.7 hereof out of the estate in any such proceeding shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties
        that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or
        accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such
        proceeding.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.10. <font style="font-style: italic;">Priorities</font>. If the Trustee collects any money pursuant to this Article 6 with respect to the Securities of any Series, it shall pay out the money in the following
        order:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">First: to the Trustee for amounts due under Section 7.7;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Second: to Holders of Securities of that Series for amounts due and unpaid on such Securities for principal, premium, if any, and interest, ratably, without preference or priority of any kind, according to the amounts
        due and payable on such Securities for principal, premium, if any, and interest, respectively; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Third: to the Corporation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Trustee may fix a record date and payment date for any payment to Securityholders pursuant to this Section 6.10.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 6.11. <font style="font-style: italic;">Undertaking for Costs</font>. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or
        omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit other than the Trustee of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs,
        including reasonable attorneys&#8217; fees, against any party litigant in the suit having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a
        Holder pursuant to Section 6.7 or a suit by Holders of more than 10% in principal amount of the Securities of any Series.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">28</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
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      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 7</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>TRUSTEE</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.1. <font style="font-style: italic;">Duties of Trustee</font>. (a) If an Event of Default has occurred and is continuing, the Trustee shall, with respect to Securities exercise its rights and powers and use
        the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(b) Except during the continuance of an Event of Default:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) the Trustee need perform only those duties that are specifically and expressly set forth in this Indenture or the TIA and no others; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates, notices or opinions furnished
        to the Trustee and conforming to the requirements of this Indenture. However, the Trustee shall examine the certificates, notices and opinions to determine whether or not they conform to the requirements of this Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful misconduct except that:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) this paragraph does not limit the effect of paragraph (b) of this Section 7.1;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.5;</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.1;</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(e) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree with the Corporation.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(f) No provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or
        powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. The Trustee shall be under no obligation to exercise any of its rights and
        powers under this Indenture at the request or direction of any of the Holders, unless such Holder has offered to the Trustee security or indemnity reasonably satisfactory to it against any loss, liability or expense.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">29</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.2. <font style="font-style: italic;">Rights of Trustee</font>. (a) Subject to Section 7.1, the Trustee may rely on any document (whether in its original, electronic or facsimile form) believed by it to be
        genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(b) Before the Trustee acts or refrains from acting, it may require an Officers&#8217; Certificate or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance
        on an Officers&#8217; Certificate or Opinion of Counsel.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(c) The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(e) The Trustee may consult with counsel of its own selection and the advice or opinion of counsel with respect to legal matters relating to this Indenture and the Securities shall be full and complete authorization
        and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good faith and in reliance upon the advice or opinion of such counsel.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(f) The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity satisfactory to it from the Corporation, or where Holders of Securities of a Series are seeking to direct the
        Trustee to take action under this Indenture, such Holders, against any loss, liability or expense.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(g) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond,
        debenture, note or other paper or document unless requested in writing to do so by the Holders of a majority in aggregate principal amount of the then outstanding Securities issued pursuant to this Indenture (including any additional Securities
        issued pursuant to this Indenture after the Issue Date).</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(h) The rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities
        hereunder, and each agent, custodian and other Person employed to act hereunder.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(i) The Trustee shall not be responsible or liable for any action taken or omitted by it in good faith at the direction of the Holders of a majority in aggregate principal amount of the then outstanding Securities
        issued pursuant to this Indenture (including any additional Securities issued pursuant to this Indenture after the Issue Date) as to the time, method and place of conducting any proceedings for any remedy available to the Trustee or the exercising
        of any power conferred by this Indenture.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">30</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(j) Any action taken, or omitted to be taken, by the Trustee in good faith pursuant to this Indenture upon the request or authority or consent of any Person who, at the time of making such request or giving such
        authority or consent, is the Holder of any Security shall be conclusive and binding upon future holders of such Security and upon Securities executed and delivered in exchange therefor or in place thereof.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(k) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such
        a Default (and stating the occurrence of a Default or Event of Default) is received by the Trustee at the corporate trust office of the Trustee, and such notice references the Securities and this Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(l) The Trustee may request that the Corporation deliver an Officers&#8217; Certificate setting forth the names of individuals and/or titles of Officers authorized at such time to take specified actions pursuant to this
        Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(m) The Trustee shall not be responsible or liable for punitive, special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the
        Trustee has been advised of the likelihood of such loss or damage and regardless of the form of actions.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(n) The Trustee shall not be required to give any bond or surety in respect of the execution of the trusts and powers under this Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(o) Any permissive right of the Trustee to take or refrain from taking actions enumerated in this Indenture shall not be construed as a duty.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">(p) The Trustee shall not be responsible or liable for any failure or delay in the performance of its obligations under this Indenture arising out of or caused, directly or indirectly, by acts of God; earthquakes;
        fire; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; and acts of civil or military authorities and governmental action.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.3. <font style="font-style: italic;">Individual Rights of Trustee, etc</font>. The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with
        the Corporation or any of its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest as defined in TIA &#167; 310(b), it must eliminate such conflict within 90 days,
        apply to the SEC for permission to continue as Trustee, or resign. Any Agent may do the same with like rights. Notwithstanding the foregoing, the Trustee must comply with Sections 7.10 and 7.11.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.4. <font style="font-style: italic;">Trustee&#8217;s Disclaimer</font>. The Trustee makes no representations as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the
        Corporation&#8217;s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its certificate of authentication.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">31</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.5. <font style="font-style: italic;">Notice of Defaults</font>. If an Event of Default occurs with respect to a Series of Securities and is continuing and if it is actually known to the Trustee, the Trustee
        shall send to each Holder of Securities of that Series notice of the Event of Default within 90 days after it occurs, unless the Event of Default is cured or waived. Except in the case of an Event of Default in payment of principal, premium, if
        any, or interest on any Security, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers determines in good faith that withholding the notice is in the interests of such Holders.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.6. <font style="font-style: italic;">Reports by Trustee to Holders of the Securities</font>. If required pursuant to TIA &#167; 313(a), the Trustee, within 60 days after each May 15, shall send to each
        Securityholder a brief report dated as of such May 15 that complies with TIA &#167; 313(a). The Trustee also shall comply with the reporting obligations of TIA &#167; 313(b).</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">A copy of each report at the time it is sent to Securityholders shall be filed with the SEC and each stock exchange on which the Securities are listed. The Corporation agrees to notify the Trustee whenever the
        Securities become listed on any stock exchange.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.7. <font style="font-style: italic;">Compensation and Indemnity</font>. The Corporation shall pay to the Trustee from time to time reasonable compensation for its services. The Corporation shall reimburse
        the Trustee upon request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee&#8217;s agents and counsel. The Corporation shall indemnify and hold harmless the
        Trustee (including the cost of defending itself) against any loss, cost, expense or liability, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) and including reasonable and documented attorneys&#8217;
        fees and expenses incurred by it except as set forth in the last sentence of this paragraph in the performance of its duties and exercise of its rights under this Indenture. The Trustee shall notify the Corporation promptly of any claim for which
        it may seek indemnity. Failure by the Trustee to so notify the Corporation shall not relieve the Corporation of its obligations hereunder except to the extent that the Corporation has been materially prejudiced thereby. The Corporation need not pay
        for any settlement made without its consent (not to be unreasonably withheld). This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. The Corporation need not reimburse any expense or indemnify
        against any loss or liability incurred by the Trustee or by any officer, director, employee, shareholder or agent of the Trustee through willful misconduct or negligence.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">To secure the Corporation&#8217;s payment obligations in this Section 7.7, the Trustee shall have a senior claim to which the Securities are hereby made subordinate on all money or property held or collected by the Trustee,
        except that held in trust to pay principal, premium, if any, of and interest on particular Securities.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">32</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(4) or (5) occurs, the expenses and the compensation for the services are intended to constitute expenses of
        administration under any Bankruptcy Law.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The obligations of the Corporation under this Section 7.7 shall survive the termination of this Indenture and the resignation or removal of the Trustee.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.8. <font style="font-style: italic;">Replacement of Trustee</font>. The Trustee may resign with respect to the Securities of one or more Series by so notifying the Corporation. The Holders of a majority in
        principal amount of the then outstanding Securities of a Series issued pursuant to this Indenture (including any additional Securities issued pursuant to this Indenture after the Issue Date) may remove the Trustee with respect to that Series by so
        notifying the removed Trustee and may appoint a successor Trustee with the Corporation&#8217;s consent. The Corporation may remove the Trustee if:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) the Trustee fails to comply with Section 7.10;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) the Trustee is adjudged bankrupt or insolvent;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) a receiver or other public officer takes charge of the Trustee or its property; or</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) the Trustee otherwise becomes incapable of acting.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Corporation shall promptly appoint a successor Trustee.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Corporation. Immediately thereafter, the retiring Trustee shall transfer all property held by it as Trustee
        for the benefit of the Series with respect to which it is retiring to the successor Trustee, and the resignation or removal of the retiring Trustee shall then become effective, and the successor Trustee shall have all the rights, powers and duties
        of the Trustee under this Indenture with respect to that Series. A successor Trustee shall send notice of its succession to each Holder of the Securities of the Series affected.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If pursuant to Section 2.3(5) a trustee, other than the Trustee initially named in this Indenture (or any successor thereto), is appointed with respect to one or more Series of Securities, the Corporation, the Trustee
        initially named in this Indenture (or any successor thereto) and such newly appointed trustee shall execute and deliver a supplement to this Indenture which shall contain such provisions as shall be necessary or desirable to confirm that all the
        rights, powers, trusts and duties of the Trustee initially named in this Indenture (or any successor thereto) with respect to the Securities of any Series as to which the Trustee is continuing as trustee hereunder shall continue to be vested in the
        Trustee initially named in this Indenture (or any successor thereto), and shall add to, supplement or change any of the provisions of this Indenture as shall be necessary or desirable to provide for or facilitate the administration of the trusts
        hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts relating to
        the separate Series of Securities as if it were acting under a separate indenture.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">33</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If a successor Trustee with respect to a Series of Securities does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Corporation or the Holders of a majority in
        aggregate principal amount of the then outstanding Securities of such Series issued pursuant to this Indenture (including any additional Securities issued pursuant to this Indenture after the Issue Date) may petition any court of competent
        jurisdiction for the appointment of a successor Trustee.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If the Trustee with respect to a Series of Securities fails to comply with Section 7.10, any Holder of Securities of that Series may petition any court of competent jurisdiction for the removal of the Trustee and the
        appointment of a successor Trustee.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If there are two or more Trustees at any time under this Indenture, each shall be the Trustee of a separate trust held under this Indenture for the benefit of the Series of Securities for which it is acting as Trustee
        and the rights and obligations of each Trustee will be determined as if it were acting under a separate indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.9. <font style="font-style: italic;">Successor Trustee by Merger, etc</font>. If the Trustee consolidates with, merges or converts into or transfers all or substantially all its corporate trust assets to
        another corporation, the resulting, surviving or transferee corporation without any further act shall be the successor Trustee.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.10. <font style="font-style: italic;">Eligibility; Disqualification</font>. This Indenture shall always have a Trustee that satisfies the requirements of TIA &#167; 310(a). The Trustee shall have a combined
        capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA &#167; 310(b), provided that the question whether the Trustee has a conflicting interest shall be
        determined as if each Series of Securities were a separate issue of securities issued under separate indentures.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.11. <font style="font-style: italic;">Preferential Collection of Claims Against the Corporation</font>. The Trustee shall comply with TIA &#167; 311(a), excluding any creditor relationship listed in TIA &#167; 311(b).
        A Trustee who has resigned or been removed shall be subject to TIA &#167; 311(a) to the extent indicated therein.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.12. <font style="font-style: italic;">Trustee&#8217;s Application for Instructions from the Corporation</font>. Any application by the Trustee for written instructions from the Corporation may, at the option of
        the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable for
        any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than 20 Business Days after the date any officer of the
        Corporation actually receives such application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Trustee shall have received
        written instructions in response to such application specifying the action to be taken or omitted.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">34</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 7.13. <font style="font-style: italic;">Calculations</font>. The Corporation shall be responsible for making all calculations and determinations required under this Indenture, except in the case of the
        Calculation Agent&#8217;s determination of a floating rate of interest, as applicable. The Corporation shall make all calculations in good faith and, absent manifest error, the Corporation&#8217;s calculations shall be final and binding on all Holders of
        Securities. Upon written request, the Corporation shall provide a schedule of its calculations to the Trustee. The Trustee may rely conclusively upon the accuracy of the Corporation&#8217;s calculations without independent verification.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 8</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>SATISFACTION, DISCHARGE AND DEFEASANCE</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 8.1. <font style="font-style: italic;">Option To Effect Defeasance, Covenant Defeasance or Discharge</font>. The Corporation may, at the option of its Board of Directors evidenced by a Board Resolution set
        forth in an Officers&#8217; Certificate, at any time, elect to have Section 8.2, 8.3 or 8.8 hereof applied to all outstanding Securities of any Series upon compliance with the conditions set forth below in this Article 8. The Corporation&#8217;s exercise of
        its option under Section 8.2 or 8.3 shall not preclude the Corporation from subsequently exercising its option under Section 8.8 hereof and the Corporation may so exercise that option by providing the Trustee with written notice to such effect.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 8.2. <font style="font-style: italic;">Defeasance</font>. Upon the Corporation&#8217;s exercise under Section 8.1 hereof of the option applicable to this Section 8.2, the Corporation shall, subject to the
        satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have been discharged from the obligations thereof with respect to all outstanding Securities of such Series on the date the conditions set forth below are satisfied
        (hereinafter, &#8220;defeasance&#8221;). For this purpose, defeasance means that the Corporation shall be deemed to have paid and discharged the entire Debt represented by the outstanding Securities of the applicable Series, which shall thereafter be deemed to
        be &#8220;outstanding&#8221; only for the purposes of Section 8.5 hereof and the other Sections of this Indenture referred to in (a) and (b) below, and to have satisfied all of its other obligations under such Securities and this Indenture (and the Trustee, on
        demand of and at the expense of the Corporation, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of
        outstanding Securities of such Series to receive payments in respect of the principal of, premium, if any, and interest, if any, on such Securities when such payments are due from the trust referred to in Section 8.4(1); (b) the Corporation&#8217;s
        obligations with respect to such Securities under Sections 2.2, 2.4, 2.5, 2.6, 2.7, 2.8, 2.9 and 2.11 hereof; (c) the rights, powers, trusts, benefits and immunities of the Trustee, including without limitation thereunder, under Section 7.7, 8.5
        and 8.7 hereof and the Corporation&#8217;s obligations in connection therewith; (d) the Corporation&#8217;s rights pursuant to Article 3; and (e) the provisions of this Article 8. Subject to compliance with this Article 8, the Corporation may exercise its
        option under this Section 8.2 with respect to any Series of Securities notwithstanding the prior exercise of its option under Section 8.3 hereof.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">35</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 8.3. <font style="font-style: italic;">Covenant Defeasance</font>. Upon the Company&#8217;s exercise under Section 8.1 hereof of the option applicable to this Section 8.3, with respect to any Series of Securities,
        the Corporation shall, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be released from the obligations thereof under any covenants applicable to such Series of Securities that are identified in the applicable Board
        Resolution or Resolutions or indenture supplemental hereto as being eligible for the provisions of this Section 8.3 on and after the date the conditions set forth below are satisfied (hereinafter, &#8220;covenant defeasance&#8221;), and the Securities of such
        Series shall thereafter be deemed not &#8220;outstanding&#8221; for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed
        &#8220;outstanding&#8221; for all other purposes hereunder (it being understood that such Securities shall not be deemed outstanding for accounting purposes). For this purpose, covenant defeasance means that, with respect to the outstanding Securities of the
        applicable Series, the Corporation or any of its Subsidiaries may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any
        reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under
        Section 6.1 hereof with respect to such Series of Securities, but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 8.4. <font style="font-style: italic;">Conditions to Defeasance or Covenant Defeasance</font>. The following shall be the conditions to the application of Section 8.2 or 8.3 hereof to the outstanding
        Securities of any Series of Securities:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) the Corporation has deposited or caused to be deposited with the Trustee or other qualifying trustee, in trust, specifically pledged as security for and dedicated solely to the benefit of the Holders of the
        Securities of that Series: (A) U.S. dollars, (B) U.S. Government Obligations or (C) a combination thereof, which through the payment of interest and principal in respect thereof in accordance with their terms (and, as to callable U.S. Government
        Obligations, regardless of when they are called) will provide not later than the opening of business on the due dates of any payment of principal of (or, in the case of a Discounted Security of that Series, the portion thereby specified in the
        terms of such Security) and interest on the Securities of that Series lawful money of the United States in an amount sufficient to pay and discharge the principal of, and premium, if any, and interest on the Securities of that Series on the day on
        which such payments are due and payable in accordance with the terms of this Indenture and of the Securities of that Series;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) the defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default under any material agreement or instrument (other than this Indenture or the applicable Series of
        Securities) to which the Corporation is a party or is bound;</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">36</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) in the case of defeasance, the Corporation shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(i) the Corporation has received from, or there has been published by, the Internal Revenue Service a ruling; or</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(ii) since the issue date of that particular Series of Securities under this Indenture, there has been a change in applicable U.S. federal income tax law,</div>
      <div><br>
      </div>
      <div>in either case, to the effect that, and based on such ruling or change the Opinion of Counsel shall confirm that, the Holders of the Securities of the applicable Series will not recognize income, gain or loss for U.S. federal income tax purposes
        as a result of the defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if the defeasance had not occurred;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) in the case of covenant defeasance, the Corporation shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee to the effect that the Holders of the Securities of the applicable
        Series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of the covenant defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have
        been the case if the covenant defeasance had not occurred;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(5) no Event of Default with respect to the Securities of the applicable Series shall have occurred and be continuing on the date of the deposit into trust (other than an Event of Default resulting from the incurrence
        of Debt to be applied to such deposit or the grant of any Lien to secure such Debt); and, solely in the case of defeasance, no Event of Default arising from specified events of bankruptcy, insolvency, or reorganization with respect to the
        Corporation or Default which with notice or lapse of time or both would become such an Event of Default shall have occurred and be continuing during the period ending on the 91st day after the date of the deposit into trust; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(6) the Corporation shall have delivered to the Trustee an Officers&#8217; Certificate and Opinion of Counsel to the effect that all conditions precedent to the defeasance or covenant defeasance, as the case may be, have
        been satisfied.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Notwithstanding the foregoing, the Opinion of Counsel required by clause (3) above with respect to a defeasance need not to be delivered if all Securities not therefore delivered to the Trustee for cancellation (x)
        have become due and payable, or (y) will become due and payable at the maturity date of such Security within one year under arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and
        at the expense, of the Corporation.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">37</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 8.5. <font style="font-style: italic;">Deposited Money and Government Securities To Be Held in Trust; Other Miscellaneous Provisions</font>. Subject to Section 8.6 hereof, the trust established pursuant to
        Section 8.4(1) or 8.8(1) shall be irrevocable and shall be made under the terms of an escrow trust agreement reasonably satisfactory to the Trustee or other arrangement reasonably satisfactory to the Trustee. If any Securities are to be redeemed
        prior to the maturity date of such Security pursuant to optional redemption provisions of Article 3 hereof, the applicable escrow trust agreement or other arrangement shall provide therefor and the Corporation shall make such arrangements as are
        satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Corporation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Trustee shall hold in trust money and U.S. Government Obligations in respect of that Series deposited with it pursuant to Sections 8.4 or 8.8. It shall apply the deposited money and U.S. Government Obligations,
        through the Paying Agent and in accordance with this Indenture, to the payment of principal, and premium, if any, and interest on the Securities of the Series for the payment of which such money and U.S. Government Obligations has been deposited.
        The Holder of any Security replaced pursuant to Section 2.7 shall not be entitled to any such payment and shall look only to the Corporation for any payment which such Holder may be entitled to collect. In connection with defeasance, covenant
        defeasance or the satisfaction and discharge of this Indenture with respect to Securities of a Series pursuant to Section 8.2, 8.3 or 8.8 hereof, respectively, the escrow trust agreement or other arrangement may, at the Corporation&#8217;s election, (1)
        enable the Corporation to direct the Trustee to invest any money received by the Trustee on the U.S. Government Obligations deposited in trust thereunder in additional U.S. Government Obligations and (2) enable the Corporation to withdraw moneys or
        U.S. Government Obligations from the trust from time to time; <u>provided</u>, <u>however</u>, that the condition specified in Section 8.4(1) or 8.8(1) is satisfied immediately following any investment of such money by the Trustee or the
        withdrawal of moneys or U. S. Government Obligations from the trust by the Corporation, as the case may be.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 8.6. <font style="font-style: italic;">Repayment to Corporation</font>. The Trustee and the Paying Agent shall promptly pay to the Corporation upon request any excess money or securities held by them at any
        time. Any money deposited with the Trustee or any Paying Agent, or then held by the Corporation, in trust for the payment of the principal of, premium, if any, or interest, if any, on any Security and remaining unclaimed for two years after such
        principal and premium, if any, or interest has become due and payable shall be paid to the Corporation on its written request or (if then held by the Corporation) shall be discharged from such trust; and the Holder of such Security shall
        thereafter, as an unsecured general creditor, look only to the Corporation for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Corporation as trustee thereof, shall
        thereupon cease.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 8.7. <font style="font-style: italic;">Reinstatement</font>. If the Trustee or Paying Agent is unable to apply any United States dollars or U.S. Government Obligations in accordance with</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">38</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div>Section 8.2, 8.3 or 8.8 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations of the Corporation under this
        Indenture and the Securities of the applicable Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.2, 8.3 or 8.8 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money
        in accordance with Section 8.2, 8.3 or 8.8 hereof, as the case may be; <u>provided</u>, <u>however</u>, that, if the Corporation makes any payment of principal of, premium, if any, or interest on any Security following the reinstatement of its
        obligations, the Corporation shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money held by the Trustee or Paying Agent.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 8.8. <font style="font-style: italic;">Discharge</font>. The Corporation may terminate all its obligations under this Indenture with respect to any or all Series of Securities, and, with respect to such Series
        of Securities, this Indenture shall cease to be of further effect, effective on the date the following conditions are satisfied:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) either: (A) all outstanding Securities of such Series (other than any Securities destroyed, lost or stolen and replaced or paid as provided in Section 2.7) have been delivered to the Trustee for cancellation or (B)
        all Securities of such Series have become due and payable or will become due and payable at their maturity within one year or are to be called for redemption within one year, and the Corporation has deposited with the Trustee, in trust, funds in
        (I) U.S. dollars, (II) U.S. Government Obligations or (III) a combination thereof, which through the payment of interest and principal in respect thereof in accordance with their terms (and, as to callable U.S. Government Obligations, regardless of
        when they are called) will provide an amount sufficient to pay the entire indebtedness on the Securities of such Series, including the principal thereof and, premium, if any, and interest, if any, thereon, (x) to the date of such deposit, if the
        Securities of such Series have become due and payable, or (y) to the maturity date of the Securities of such Series (or the redemption date thereof if the Corporation has made irrevocable arrangements satisfactory to the Trustee for the giving of
        notice of redemption), as the case may be;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) the Corporation has paid all other sums payable under this Indenture with respect to the Securities of such Series (including amounts payable to the Trustee); and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) the Trustee has received an Officers&#8217; Certificate and an Opinion of Counsel to the effect that all conditions precedent to the satisfaction and discharge of this Indenture in respect of the Securities of such
        Series have been satisfied.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Notwithstanding the satisfaction and discharge of this Indenture with respect to any Series of Securities, the obligations of the Corporation to the Trustee under Section 7.7 and, if money shall have been deposited
        with the Trustee pursuant to subclause (B) of clause (1) of this Section 8.8, the obligations of the Corporation and the Trustee with respect to the Securities of such Series under Sections 8.5, 8.6 and 8.7, shall survive such satisfaction and
        discharge.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">39</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Trustee, at the expense of the Corporation, shall, upon the request of the Corporation, execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to Securities of the
        applicable Series. Upon the satisfaction of the conditions set forth in this Section 8.8 with respect to the Securities of a Series, the terms and conditions of such Securities, including the terms and conditions with respect thereto set forth in
        this Indenture, shall no longer be binding upon, or applicable to, the Corporation.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 9</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>AMENDMENTS, SUPPLEMENTS AND WAIVERS</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 9.1. <font style="font-style: italic;">Without Consent of Holders</font>. Notwithstanding Section 9.2 of this Indenture, without notice to or the consent of any Holders of any Series of Securities, the
        Corporation and the Trustee, at any time and from time to time, may amend this Indenture or enter into one or more supplemental indentures to this Indenture and any of the Securities for any of the following purposes:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) to cure any ambiguity, omission, defect or inconsistency;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) with respect to any Series of Securities, to conform the text of this Indenture or the Securities (insofar as applicable to such Series) to any provision of the section of the Prospectus related to such Series
        titled &#8220;Description of the notes&#8221; (or the equivalent thereof) to the extent that the Trustee has received an Officers&#8217; Certificate stating that such text constitutes an unintended conflict with the description of the corresponding provision in such
        section;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) to provide for uncertificated Securities in addition to or in place of certificated Securities;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) to comply with Article 5;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(5) to effectuate or comply with the provisions of Section 2.3 or 7.8;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(6) to provide for the issuance of additional Securities of a Series in accordance with the terms of this Indenture;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(7) to make any change that by its terms does not materially adversely affect the rights of any Holder of any Security of such Series (as determined in good faith by the Corporation);</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(8) to add or change or eliminate any provisions of this Indenture as shall be necessary or desirable in accordance with any amendments to the TIA; or</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">40</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(9) with respect to any Series of Securities, amend or supplement this Indenture in a manner that by its terms does not affect such Series of Securities, even if the amendment or supplement affects other Series of
        Securities issued under this Indenture</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Trustee may waive compliance by the Corporation with any provision of this Indenture or the Securities of any Series without notice to or consent of any Securityholder of such Series if the waiver does not
        materially adversely affect the rights of any Holder of any Securities of such Series in the determination of the Corporation.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 9.2. <font style="font-style: italic;">With Consent of Holders</font>. With the consent of the Holders of a majority in aggregate principal amount of the then outstanding Securities issued pursuant to this
        Indenture (including any additional Securities issued pursuant to this Indenture after the Issue Date), voting as a single class, the Corporation and the Trustee may amend this Indenture or enter into one or more supplemental indentures to this
        Indenture for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or the Securities or of modifying in any manner the rights of the Holders under this Indenture, including the
        definitions herein; <u>provided</u> that (i) if any such amendment or supplement would by its terms disproportionately and adversely affect any Series of Securities under this Indenture, such amendment or supplement shall also require the consent
        of the Holders of a majority in aggregate principal amount of the then outstanding Securities of such Series issued pursuant to this Indenture (including any additional Securities of such Series issued pursuant to this Indenture after the Issue
        Date) and (ii) if any such amendment or supplement would only affect the Securities of some but not all Series, then only the consent of the Holders of a majority in aggregate principal amount of the then outstanding Securities of all such affected
        Series issued pursuant to this Indenture (including any additional Securities of any such Series issued pursuant to this Indenture after the Issue Date) (and not the consent of a majority in aggregate principal amount of all the then outstanding
        Securities issued under this Indenture) shall be required; and <u>provided</u>, <u>further</u>, that the Corporation and the Trustee may not, without the consent of the Holder of each outstanding Security of a Series affected thereby:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) reduce the principal amount of Securities of such Series whose Holders must consent to an amendment, supplement or waiver;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) reduce the rate of (or change the manner of the calculation of the rate of), or extend the time for payment of, interest on any Security of such Series;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) reduce the principal of or extend the fixed maturity of any Security of such Series;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) reduce the portion of the principal amount of a Discounted Security of such Series payable upon acceleration of its maturity;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(5) make any Security of such Series payable in money other than that stated in such Security; or</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">41</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(6) impair the ability of Holders of the Securities of such Series to institute suit to enforce the obligation of the Corporation to make any principal, premium or interest payment due in respect of such Securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Holders of a majority in aggregate principal amount of the then outstanding Securities issued pursuant to this Indenture (including any additional Securities issued pursuant to this Indenture after the Issue Date),
        voting as a single class, may on behalf of the Holders of all the Securities issued pursuant to this Indenture waive any past Default under this Indenture and its consequences or compliance with any provisions of this Indenture or the Securities; <u>provided</u>
        that (i) if any such waiver would by its terms disproportionately and adversely affect any Series of Securities under this Indenture, such waiver shall also require the consent of the Holders of a majority in aggregate principal amount of the then
        outstanding Securities of such Series issued pursuant to this Indenture (including any additional Securities of such Series issued pursuant to this Indenture after the Issue Date) and (ii) if any such waiver would only affect the Securities of some
        but not all Series, then only the consent of the Holders of a majority in aggregate principal amount of the then outstanding Securities of all such affected Series issued pursuant to this Indenture (including any additional Securities of any such
        Series issued pursuant to this Indenture after the Issue Date) (and not the consent of a majority in aggregate principal amount of all the then outstanding Securities issued under this Indenture) shall be required; and <u>provided</u>, <u>further</u>,
        that no waiver shall be effective without the consent of the Holder of each outstanding Security affected thereby in the case of a Default (1) in any payment of principal, premium, if any, or interest due in respect of any Security or (2) in
        respect of other provisions which under this Indenture cannot be modified or amended without the consent of the Holder of each outstanding Security affected.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">It shall not be necessary for the consent of the Holders under this Section 9.2 to approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the
        substance thereof.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 9.3. <font style="font-style: italic;">Compliance with Trust Indenture Act of 1939</font>. Every amendment or supplement to this Indenture or the Securities shall comply with the TIA as then in effect.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 9.4. <font style="font-style: italic;">Revocation and Effect of Consents</font>. A consent to an amendment, supplement or waiver by a Holder of a Security shall bind the Holder and every subsequent Holder of
        that Security or portion of the Security that evidences the same debt as the consenting Holder&#8217;s Security, even if notation of the consent is not made on the Security. However, any such Holder or subsequent Holder may revoke the consent as to its
        Security or portion of the Security by delivery to the Trustee of written notice of revocation before the date the amendment, supplement or waiver becomes effective.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">After an amendment, supplement or waiver becomes effective, it shall bind every Holder unless it makes a change described in the second proviso in the first or second paragraphs of Section 9.2. In that case, the
        amendment, supplement or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder&#8217;s Security.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">42</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 9.5. <font style="font-style: italic;">Notation on or Exchange of Securities</font>. If an amendment, supplement or waiver changes the terms of a Security, the Trustee may require the Holder of the Security to
        deliver it to the Trustee. The Trustee may place an appropriate notation on the Security about the changed terms and return it to the Holder. Alternatively, if the Corporation or the Trustee so determine, the Corporation in exchange for the
        Security shall issue and the Trustee shall authenticate a new Security of the same Series that reflects the changed terms.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Failure to make the appropriate notation or issue a new Security shall not affect the validity and effect of such amendment, supplement or waiver</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 9.6. <font style="font-style: italic;">Trustee to Sign Amendments, etc</font>. The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article 9 if the amendment, supplement or
        waiver does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If such amendment, supplement or waiver does so adversely affect the Trustee, the Trustee may but need not sign it. In signing such amendment, supplement
        or waiver the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon (in addition to the documents provided for under Section 11.4), an Officers&#8217; Certificate and Opinion of Counsel stating that
        such amendment, supplement or waiver is authorized or permitted by this Indenture.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 10</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>SUBORDINATION OF SECURITIES</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.1. <font style="font-style: italic;">Securities Subordinate to Senior Debt</font>. The Corporation covenants and agrees, and each Holder of Securities of any Series by the Holder&#8217;s acceptance thereof,
        likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article 10, subject to the provisions of Article 8 and except as may otherwise be specified pursuant to Section 2.3 and set forth in the Securities
        of a Series, the indebtedness represented by Securities of such Series and the payment of the principal of and any premium and interest on each and all of the Securities of such Series are hereby expressly made subordinate and junior in right of
        payment to the prior payment in full of all amounts then due and payable in respect of all Senior Debt of the Corporation, to the extent and in the manner herein set forth (unless a different manner is set forth in the Securities of such Series).
        No provision of this Article shall prevent the occurrence of any default or Event of Default hereunder.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Senior Debt shall not be deemed to have been paid in full unless the holders thereof shall have received cash, securities or other property equal to the amount of such Senior Debt then outstanding.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.2. <font style="font-style: italic;">Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Securities</font>. Except as otherwise specified pursuant to</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">43</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div>Section 2.3 with respect to any Series of Securities, upon any distribution of assets of the Corporation upon any dissolution, winding up, liquidation or reorganization of the Corporation, whether in bankruptcy, insolvency, reorganization or
        receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Corporation or otherwise (subject to the power of a court of competent jurisdiction to make other equitable
        provision reflecting the rights conferred in this Indenture upon the Senior Debt and the holders thereof with respect to the Securities and the Holders thereof by a lawful plan of reorganization under applicable bankruptcy law):</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(i) the holders of all Senior Debt shall be entitled to receive payment in full of the principal thereof, premium, if any, and interest due thereon before the Holders of the Securities are entitled to receive any
        payment upon the principal, premium, if any, or interest, if any, on Debt evidenced by the Securities; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(ii) any payment or distribution of assets of the Corporation of any kind or character, whether in cash, property or securities, to which the Holders of the Securities or the Trustee would be entitled except for the
        provisions of this Article 10 shall be paid by the liquidation trustee or agent or other person making such payment or distribution, whether a trustee in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the holders of Senior
        Debt or their representative or representatives or to the trustee or trustees under any indenture under which any instruments evidencing any of such Senior Debt may have been issued, ratably according to the aggregate amounts remaining unpaid on
        account of the principal of, and premium, if any, and interest on the Senior Debt held or represented by each, to the extent necessary to make payment in full of all Senior Debt remaining unpaid, after giving effect to any concurrent payment or
        distribution to the holders of such Senior Debt; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(iii) in the event that, notwithstanding the foregoing, any payment or distribution of assets of the Corporation of any kind or character, whether in cash, property or securities, shall be received by the Trustee or
        the Holders of the Securities before all Senior Debt is paid in full, such payment or distribution shall be paid over, upon written notice to a Responsible Officer, to the holder of such Senior Debt or his, her or its representative or
        representatives or to the trustee or trustees under any indenture under which any instrument evidencing any of such Senior Debt may have been issued, ratably as aforesaid, for application to payment of all Senior Debt remaining unpaid until all
        such Senior Debt shall have been paid in full, after giving effect to any concurrent payment or distribution to the holders of such Senior Debt.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">Subject to the payment in full of all Senior Debt, the Holders of the Securities shall be subrogated to the rights of the holders of Senior Debt (to the extent that distributions otherwise payable to such holder have
        been applied to the payment of Senior Debt) to receive payments or distributions of cash, property or securities of the Corporation applicable to Senior Debt until the principal of, premium, if any and interest,</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">44</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div>if any, on the Securities shall be paid in full and no such payments or distributions to the Holders of the Securities of cash, property or securities otherwise distributable to the holders of Senior Debt shall, as between the Corporation, its
        creditors other than the holders of Senior Debt, and the Holders of the Securities be deemed to be a payment by the Corporation to or on account of the Securities. It is understood that the provisions of this Article 10 are and are intended solely
        for the purpose of defining the relative rights of the Holders of the Securities, on the one hand, and the holders of the Senior Debt, on the other hand. Nothing contained in this Article 10 or elsewhere in this Indenture or in the Securities is
        intended to or shall impair, as between the Corporation, its creditors other than the holders of Senior Debt, and the Holders of the Securities, the obligation of the Corporation, which is unconditional and absolute, to pay to the Holders of the
        Securities the principal of, premium, if any, and interest, if any, on the Securities as and when the same shall become due and payable in accordance with their terms, or to affect the relative rights of the Holders of the Securities and creditors
        of the Corporation other than the holders of Senior Debt, nor shall anything herein or in the Securities prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this
        Indenture, subject to the rights, if any, under this Article 10 of the holders of Senior Debt in respect of cash, property or securities of the Corporation received upon the exercise of any such remedy. Upon any payment or distribution of assets of
        the Corporation referred to in this Article 10, the Trustee, subject to the provisions of Section 10.5, shall be entitled to rely upon a certificate of the liquidating trustee or agent or other person making any distribution to the Trustee for the
        purpose of ascertaining the Persons entitled to participate in such distribution, the holders of Senior Debt and other Debt of the Corporation, the amount thereof or payable thereon, the amount or amounts paid or distributed thereof and all other
        facts pertinent thereto or to this Article 10.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.3. <font style="font-style: italic;">No Payment on Securities in Event of Default on Senior Debt</font>. Except as otherwise specified pursuant to Section 2.3 with respect to any Series of Securities, no
        payment by the Corporation on account of principal, premium, if any, sinking funds or interest, if any, on the Securities shall be made at anytime if: (a) a default on Senior Debt exists that permits the holders of such Senior Debt to accelerate
        its maturity and (b) the default is the subject of judicial proceedings or the Corporation has received notice of such default. The Corporation may resume payments on the Securities when full payment of amounts then due for principal, premium, if
        any, sinking funds and interest on Senior Debt has been made or duly provided for in money or money&#8217;s worth.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.4. <font style="font-style: italic;">Payments on Securities Permitted</font>. Except as otherwise specified pursuant to Section 2.3 with respect to any Series of Securities, nothing contained in this
        Indenture or in any of the Securities shall (a) affect the obligation of the Corporation to make, or prevent the Corporation from making, at any time except as provided in Sections 10.2 and 10.3, payments of principal of, premium, if any, or
        interest, if any, on the Securities or (b) prevent the application by the Trustee of any moneys or assets deposited with it hereunder to the payment of or on account of the principal of, premium, if any, or interest, if any, on the Securities,
        unless a Responsible Officer shall have received at its office written notice of any fact prohibiting the making of such payment from the Corporation or from the holder of any Senior Debt or from the trustee for any such holder, together with proof
        satisfactory to the Trustee of such holding of Senior Debt or of the authority of such trustee more than two business days prior to the date fixed for such payment.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">45</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.5. <font style="font-style: italic;">Authorization of Securityholders to Trustee to Effect Subordination</font>. Except as otherwise specified pursuant to Section 2.3 with respect to any Series of
        Securities, each Holder of Securities by his acceptance thereof authorizes and directs the Trustee on his, her or its behalf to take such action as may be reasonably necessary or appropriate to effectuate the subordination as provided in this
        Article 10 and appoints the Trustee his, her or its attorney-in-fact for any and all such purposes.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.6. <font style="font-style: italic;">Notices to Trustee</font>. Except as otherwise specified pursuant to Section 2.3 with respect to any Series of Securities, notwithstanding the provisions of this Article
        10 or any other provisions of this Indenture, neither the Trustee nor any Paying Agent (other than the Corporation or a Subsidiary) shall be charged with knowledge of the existence of any Senior Debt or of any fact which would prohibit the making
        of any payment of moneys or assets to or by the Trustee or such Paying Agent, unless and until a Responsible Officer or such Paying Agent shall have received (in the case of a Responsible Officer, at the office of the Trustee) written notice
        thereof from the Corporation or from the holder of any Senior Debt or from the trustee for any such holder, together with proof satisfactory to the Trustee of such holding of Senior Debt or of the authority of such trustee and, prior to the receipt
        of any such written notice, the Trustee shall be entitled in all respects conclusively to presume that no such facts exist; provided, however, that if at least two business days prior to the date upon which by the terms hereof any such moneys or
        assets may become payable for any purpose (including, without limitation, the payment of either the principal, premium, if any, or interest, if any, on any Security) a Responsible Officer shall not have received with respect to such moneys or
        assets the notice provided for in this Section 10.6, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such moneys or assets and to apply the same to the purpose for which
        they were received, and shall not be affected by any notice to the contrary which may be received by it within two business days prior to such date. The Trustee shall be entitled to rely on the delivery to it of a written notice by a Person
        representing himself to be a holder of Senior Debt (or a trustee on behalf of such holder) to establish that such a notice has been given by a holder of Senior Debt or a trustee on behalf of any such holder. In the event that the Trustee determines
        in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Debt to participate in any payment or distribution pursuant to this Article 10, the Trustee may request such Person to furnish evidence to
        the reasonable satisfaction of the Trustee as to the amount of Senior Debt held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person
        under this Article 10 and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.7. <font style="font-style: italic;">Trustee as Holder of Senior Debt</font>. Except as otherwise specified pursuant to Section 2.3 with respect to any Series of Securities, the Trustee in</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">46</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div>its individual capacity shall be entitled to all the rights set forth in this Article 10 in respect of any Senior Debt at any time held by it to the same extent as any other holder of Senior Debt and nothing in this Indenture shall be construed
        to deprive the Trustee of any of its rights as such holder. Nothing in this Article 10 shall apply to claims of, or payments to, the Trustee under or pursuant to Sections 6.10 or 7.7.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.8. <font style="font-style: italic;">Modifications of Terms of Senior Debt</font>. Except as otherwise specified pursuant to Section 2.3 with respect to any Series of Securities, any renewal or extension of
        the time of payment of any Senior Debt or the exercise by the holders of Senior Debt of any of their rights under any instrument creating or evidencing Senior Debt, including, without limitation, the waiver of default thereunder, may be made or
        done all without notice to or assent from the Holders of the Securities or the Trustee. No compromise, alteration, amendment, modification, extension, renewal or other change of, or waiver, consent or other action in respect of, any liability or
        obligation under or in respect of, or of any of the terms, covenants or conditions of any indenture or other instrument under which any Senior Debt is outstanding or of such Senior Debt, whether or not such release is in accordance with the
        provisions of any applicable document, shall in any way alter or affect any of the provisions of this Article 10 or of the Securities relating to the subordination thereof.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.9. <font style="font-style: italic;">Reliance on Judicial Order or Certificate of Liquidating Agent</font>. Upon any payment or distribution of assets of the Corporation referred to in this Article 10, the
        Trustee and the Holders of the Securities shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or
        similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered to the
        Trustee or to the Holders of Securities, for the purpose of ascertaining the persons entitled to participate in such payment or distribution to holders of Senior Debt and other Debt of the Corporation, the amount thereof or payable thereon, the
        amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article 10.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.10. <font style="font-style: italic;">Satisfaction and Discharge</font>. Except as otherwise specified pursuant to Section 2.3 with respect to any Series of Securities, amounts and U.S. Government
        Obligations deposited in trust with the Trustee pursuant to and in accordance with Article 8 and not, at the time of such deposit, prohibited to be deposited under Sections 10.2 or 10.3 shall not be subject to this Article 10.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.11. <font style="font-style: italic;">Trustee Has No Fiduciary Duty to Holders of Senior Debt</font>. With respect to the holders of Senior Debt, the Trustee undertakes to perform or to observe only such of
        its covenants and objectives as are specifically set forth in this Indenture, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Indenture against the Trustee. The Trustee shall not be deemed
        to owe any fiduciary duty to the holders of Senior Debt, and shall not be liable to any such holders if it shall mistakenly pay over or deliver to the Holders or the Corporation or any other Person, money or assets to which any holders of Senior
        Debt of the Corporation shall be entitled by virtue of this Article or otherwise.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">47</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.12. <font style="font-style: italic;">Paying Agents Other than the Trustee</font>. In case at any time any Paying Agent other than the Trustee shall have been appointed by the Corporation and be then acting
        hereunder, the term &#8220;Trustee&#8221; as used in this Article shall in such case (unless the context shall otherwise require) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if such
        Paying Agent were named in this Article in addition to or in place of the Trustee; provided, however, that Sections 10.6, 10.7 and 10.11 shall not apply to the Corporation if it acts as Paying Agent.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.13. <font style="font-style: italic;">Certain Conversions or Exchanges Deemed Payment</font>. For the purposes of this Article only, (a) the issuance and delivery of securities which are subordinate in
        right of payment to all then outstanding Senior Debt to substantially the same extent as the Securities are so subordinate (&#8220;Junior Securities&#8221;) (or cash paid in lieu of fractional shares) upon conversion or exchange of Securities of any Series as
        specified pursuant to Section 2.3, shall not be deemed to constitute a payment or distribution on account of the principal of or premium or interest on Securities of such Series or on account of the purchase or other acquisition of Securities of
        such Series and (b) the payment, issuance or delivery of cash, property or securities (other than Junior Securities and cash paid in lieu of fractional shares) upon conversion or exchange of Securities of any Series shall be deemed to constitute
        payment on account of the principal of such Securities of such Series. Nothing contained in this Article 10 or elsewhere in the Indenture or in the Securities of any Series is intended to or shall impair, as among the Corporation, its creditors
        other than holders of Senior Debt and the Holders of Securities of such Series the right, which is absolute and unconditional, of the Holder of any Securities of such Series to convert or exchange such Securities of such Series in accordance with
        the terms specified as specified pursuant to Section 2.3.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 10.14. <font style="font-style: italic;">Defeasance of this Article 10</font>. The subordination of the Securities provided by this Article 10 is expressly made subject to the provisions for defeasance or
        covenant defeasance in Article 8 hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such defeasance or covenant defeasance, the Securities then outstanding shall thereupon cease to be subordinated pursuant to
        this Article 10.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE 11</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>MISCELLANEOUS</u></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.1. <font style="font-style: italic;">Trust Indenture Act Controls</font>. If any provision of this Indenture limits, qualifies or conflicts with another provision which is required to be included in this
        Indenture by the TIA, the required provision shall control.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">48</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.2. <font style="font-style: italic;">Notices</font>. Any notice or communication shall be sufficiently given if in writing and delivered in person, sent by facsimile or electronic delivery, or mailed by
        first-class mail addressed as follows:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">if to the Corporation:</div>
      <div><br>
      </div>
      <div>Martin Marietta Materials, Inc.</div>
      <div>2710 Wycliff Road</div>
      <div>Raleigh, North Carolina 27607</div>
      <div>Attention: General Counsel</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">if to the Trustee:</div>
      <div><br>
      </div>
      <div>Regions Bank</div>
      <div>Corporate Trust Department</div>
      <div>1180 West Peachtree Street, Suite 1200</div>
      <div>Atlanta, GA 30309</div>
      <div>Facsimile: 404-581-3770</div>
      <div>Attention: Tom Clower</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Corporation or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">All notices and communications (other than those sent to Holders and the Trustee) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being
        deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied or sent via electronic transmission; and the next Business Day after timely delivery to the courier, if sent by overnight air courier promising next
        Business Day delivery.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Any notice or communication to a Holder shall be sent electronically or mailed by first class mail or by overnight air courier promising next Business Day delivery (if next Business Day delivery is available) to its
        address shown on the register kept by the Registrar. Any notice or communication shall also be so sent to any Person described in TIA &#167; 313(c), to the extent required by the TIA. Failure to send a notice or communication to a Holder or any defect
        in it shall not affect its sufficiency with respect to other Holders.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If a notice or communication is mailed or delivered in the manner provided above, it is duly given, whether or not the addressee receives it, except in the case of notices or communications given to the Trustee, which
        shall be effective only upon actual receipt.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">If the Corporation mails or delivers a notice or communication to Holders, it shall mail or deliver a copy to the Trustee on or before the date of such mailing or delivery.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Notwithstanding any other provision of this Indenture or any Securities, where this Indenture or any Security provides for notice of any event (including any notice of redemption) to a Holder of a Global Security
        (whether by mail or otherwise), such notice shall be sufficiently given if provided to the Depositary for such Security (or its designee) pursuant to the customary procedures of such Depositary.</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">49</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.3. <font style="font-style: italic;">Communication by Holders with Other Holders</font>. Securityholders may communicate pursuant to TIA &#167; 312(b) with other Holders with respect to their rights under this
        Indenture or the Securities. The Corporation, the Trustee, the Registrar and anyone else shall have the protection of TIA &#167; 312(c).</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.4. <font style="font-style: italic;">Certificate and Opinion as to Conditions Precedent</font>. Upon any request or application by the Corporation to the Trustee to take any action under this Indenture, the
        Corporation shall furnish to the Trustee:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) an Officers&#8217; Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) an Opinion of Counsel, which may be subject to customary qualifications and exceptions, stating that, in the opinion of such counsel (who may rely upon an Officers&#8217; Certificate as to matters of fact), all such
        conditions precedent have been complied with.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.5. <font style="font-style: italic;">Statements Required in Certificate or Opinion</font>. Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture
        (other than a certificate provided pursuant to TIA &#167; 314(a)(4)) shall comply with the provisions of TIA &#167; 314(e) and shall include:</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(1) a statement that the person making such certificate or opinion has read such covenant or condition;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based;</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(3) a statement that, in the opinion of such person, the person has made such examination or investigation as is necessary to enable the person to express an informed opinion as to whether such covenant or condition
        has been complied with; and</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">(4) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.6. <font style="font-style: italic;">Rules by Trustee, Calculation Agent, Paying Agent, Registrar</font>. The Trustee may make reasonable rules for action by or at a meeting of Holders. The Calculation
        Agent, Paying Agent or Registrar may make reasonable rules for its functions.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.7. <font style="font-style: italic;">Legal Holidays</font>. A &#8220;Legal Holiday&#8221; is a Saturday, a Sunday, a legal holiday or a day on which banking institutions in New York, New York are not</div>
      <div style="font-size: 8pt;">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">50</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div>required to be open. If a payment date is a Legal Holiday at a place of payment, payment shall be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period in respect of
        such payment date. If a regular record date is a Legal Holiday in the state or other jurisdiction in which the Trustee maintains its principal place of business, then the record date shall be the next succeeding day that is not a Legal Holiday in
        such state or other jurisdiction.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.8. <font style="font-style: italic;">No Personal Liability of Stockholders, Officers or Directors</font>. No director, officer, employee or stockholder, past, present or future, of the Corporation or any of
        its Subsidiaries, as such or in such capacity, shall have any liability for any obligations of the Corporation under the Securities or this Indenture by reason of his, her or its status as such director, officer, employee or stockholder. All such
        liability is waived and released as a condition of, and as partial consideration for, the execution of this Indenture and the issue of the Securities.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">No recourse may, to the full extent permitted by applicable law, be taken, directly or indirectly, with respect to the obligations of the Corporation on the Securities or under this Indenture or any related documents,
        any certificate or other writing delivered in connection therewith, against (i) the Trustee in its individual capacity, or (ii) any partner, owner, beneficiary, agent, officer, director, employee, agent, successor or assign of the Trustee, each in
        its individual capacity or (iii) any holder of equity in the Trustee.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.9. <font style="font-style: italic;">Governing Law</font>. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE AND THE SECURITIES. EACH OF THE PARTIES HERETO HEREBY
        IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.10. <font style="font-style: italic;">No Adverse Interpretation of Other Agreements</font>. This Indenture may not be used to interpret another indenture, loan or debt agreement of the Corporation or any
        Subsidiary. Any such indenture, loan or debt agreement may not be used to interpret this Indenture.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.11. <font style="font-style: italic;">Securities in a Foreign Currency</font>. Unless otherwise specified in an Officers&#8217; Certificate delivered pursuant to Section 2.1 of this Indenture with respect to a
        particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the holders of a specified percentage in aggregate principal amount of Securities of all Series at the time outstanding and, at such time, there are
        outstanding Securities of any Series which are denominated in a Foreign Currency, then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action shall be that amount of U.S.
        dollars that could be obtained for such amount at the Market Exchange Rate on the record date fixed for such action or, if no record date is fixed, on the Business Day immediately preceding the date of such action.</div>
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      <div><br>
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      <div style="text-indent: 36pt;">Section 11.12. <font style="font-style: italic;">Judgment Currency</font>. If, for the purpose of obtaining a judgment in any court with respect to any obligation of the Corporation hereunder or under any Security, it
        shall become necessary to convert into any other currency any amount in the currency due hereunder or under such Security, then such conversion shall be made by the Trustee (a) with respect to conversions between any Foreign Currency and U.S.
        dollars at the Market Exchange Rate as in effect on the date of entry of the judgment (the &#8220;Judgment Date&#8221;) and (b) with respect to conversions of any Foreign Currency into any other Foreign Currency by (i) converting such Foreign Currency into
        U.S. dollars at the Market Exchange Rate as in effect on the Judgment Date and (ii) converting the sum of U.S. dollars so obtained into such other Foreign Currency at the Market Exchange Rate as in effect on the Judgment Date. If pursuant to any
        such judgment, conversion shall be made on a date (the &#8220;Substitute Date&#8221;) other than the Judgment Date and there shall occur a change between any Market Exchange Rate used in such conversion as in effect on the Judgment Date and such Market
        Exchange Rate as in effect on the Substitute Date, the Corporation agrees to pay such additional amounts, if any, as may be necessary to ensure that the amount paid is equal to the amount in such other currency which, when converted at such Market
        Exchange Rate as in effect on the Judgment Date, is the amount due hereunder or under such Security. Any amount due from the Corporation under this Section 11.12 shall be due as a separate debt and is not to be affected by or merged into any
        judgment being obtained for any other sums due hereunder or in respect of any Security. In no event, however, shall the Corporation be required to pay more in the currency due hereunder or under such Security at the Market Exchange Rate as in
        effect on the Judgment Date than the amount of currency stated to be due hereunder or under such Security so that in any event the Corporation&#8217;s obligations hereunder or under such Security will be effectively maintained as obligations in such
        currency, and the Corporation shall be entitled to withhold (or be reimbursed for, as the case may be) any excess of the amount actually realized upon any such conversion on the Substitute Date over the amount due and payable on the Judgment Date.</div>
      <div><br>
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      <div style="text-indent: 36pt;">Section 11.13. <font style="font-style: italic;">Successors</font>. All agreements of the Corporation in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture
        shall bind its successor.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Section 11.14. <font style="font-style: italic;">Duplicate Originals</font>. The parties may sign any number of copies of this Indenture. Each signed copy (including via PDF) shall be an original, but all of them
        together represent the same agreement.</div>
      <div><br>
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      <div style="text-indent: 36pt;">Section 11.15. <font style="font-style: italic;">Acts of Holders; Record Dates</font>. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given
        or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action
        shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Corporation. Proof of execution of any such instrument or of a writing appointing any such agent shall be
        sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Corporation, if made in the manner provided in this Section 11.15. Notwithstanding the foregoing,</div>
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      </div>
      <div><br>
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      <div>nothing herein shall prevent the Corporation, the Trustee or any agent of the Corporation or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impairing, as between the
        Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Security.</div>
      <div><br>
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      <div style="text-indent: 72pt;">(b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by
        law to take acknowledgements of deeds, certifying that the individual signing such instrument or writing acknowledged to such officer the execution thereof. Where such execution is by a signer acting in a capacity other than such signer&#8217;s
        individual capacity, such certificate or affidavit shall also constitute sufficient proof of such signer&#8217;s authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also
        be proved in any other manner which the Trustee deems sufficient.</div>
      <div><br>
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      <div style="text-indent: 72pt;">(c) The Corporation may, in the circumstances permitted by the TIA, fix any day as the record date for the purpose of determining the Holders of Securities of any Series entitled to give or take any request, demand,
        authorization, direction, notice, consent, wavier or other action, or to vote on any action, authorized or permitted to be given or taken by Holders of Securities of such Series. If not set by the Corporation prior to the first solicitation of a
        Holder of Securities of such Series made by any person in respect of any such action, or, in the case of any such vote, prior to such vote, the record date for any such action or vote shall be the 30th day (or, if later, the date of the most recent
        list of Holders required to be provided pursuant to Section 2.6) prior to such first solicitation or vote, as the case may be. With regard to any record date for action to be taken by the Holders of one or more Series of Securities, only the
        Holders of Securities of such Series on such date (or their duly designated proxies) shall be entitled to give or take, or vote on, the relevant action.</div>
      <div><br>
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      <div style="text-indent: 36pt;">Section 11.16. <font style="font-style: italic;">Force Majeure</font>. In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or
        caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
        interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to
        resume performance as soon as practicable under the circumstances.</div>
      <div><br>
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      <div style="text-indent: 36pt;">Section 11.17. <font style="font-style: italic;">Table of Contents, Headings, Etc</font>. The Table of Contents, Cross-Reference Table and headings of the Articles and Sections of this Indenture have been inserted for
        convenience of reference only, are not to be considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof.</div>
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      <div style="text-indent: 36pt;">Section 11.18. <font style="font-style: italic;">U.S.A. PATRIOT Act</font>. The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. PATRIOT Act, the Trustee is required to obtain, verify, and
        record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to the Indenture agree that they will provide the Trustee with such information as it may request in
        order for the Trustee to satisfy the requirements of the U.S.A. PATRIOT Act.</div>
      <div><br>
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      <div style="text-indent: 36pt;">Section 11.19. <font style="font-style: italic;">Severability</font>. In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability
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      <div style="text-indent: 36pt;">Section 11.20. <font style="font-style: italic;">Waiver of Jury Trial</font>. EACH OF THE CORPORATION, THE HOLDERS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND
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      <div style="text-indent: 36pt;">Section 11.21. <font style="font-style: italic;">Venue</font>. The Corporation hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now
        or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Indenture or the Securities in any New York State or federal court. Each of the parties hereto irrevocably waives, to the fullest extent
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      <div style="font-weight: bold;"><u>Exhibit A</u></div>
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      <div>[<u>If the [Note][Debenture] is a Discounted Security, insert</u> &#8212; FOR PURPOSES OF SECTIONS 1273 AND 1275 OF THE INTERNAL REVENUE CODE, THE AMOUNT OF ORIGINAL ISSUE DISCOUNT ON THIS [NOTE][DEBENTURE] IS [&#9679;]% OF ITS PRINCIPAL AMOUNT, THE ISSUE
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      <div style="text-align: center; font-weight: bold;">[FORM OF U.S. $ DENOMINATED NOTE/DEBENTURE]</div>
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      <div style="text-align: center; font-weight: bold;">MARTIN MARIETTA MATERIALS, INC.</div>
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      <div style="text-align: center;"><font style="font-weight: bold;">[[</font>&#9679;<font style="font-weight: bold;">]%] [Floating Rate] [Zero Coupon] [Note] [Debenture] Due [</font>&#9679;<font style="font-weight: bold;">]</font></div>
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      <div>MARTIN MARIETTA MATERIALS, INC., a North Carolina corporation, for value received, hereby promises to pay to [&#9679;] [&#9679;] [&#9679;] [&#9679;] [&#9679;], or registered assigns, the principal sum of [&#9679;] Dollars on [&#9679;].</div>
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      <div style="text-indent: 36pt;">Interest Payment Dates: [&#9679;] and [&#9679;] [if applicable]</div>
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      <div style="text-indent: 36pt;">Record Dates: [&#9679;] and [&#9679;] [if applicable]</div>
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      <div style="text-indent: 36pt;">[Additional provisions of this [Note][Debenture] are set forth on the other side of this [Note] [Debenture]].</div>
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      <div>Dated: Authenticated:</div>
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      <div>This in one of the Securities of the Series designated herein and referred to in the within-named Indenture.</div>
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      <div>,</div>
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      <div>[If an Authenticating Agent has been appointed insert:</div>
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      <div>This is one of the Securities referred to in the within-mentioned Indenture.</div>
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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>ex5-1.htm
<DESCRIPTION>OPINION OF CRAVATH, SWAINE & MOORE LLP
<TEXT>
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  <div style="font-weight: bold; text-align: right;">Exhibit 5.1<br>
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    <div style="text-align: right; font-family: Georgia, serif;">May 5, 2023</div>
    <div style="margin-left: 72pt; font-family: Georgia, serif;">Martin Marietta Materials, Inc.</div>
    <div style="margin-left: 72pt; font-family: Georgia, serif;">Registration Statement on Form S-3</div>
    <div>&#160;</div>
    <div style="font-family: Georgia, serif;">Dear Ladies and Gentlemen:</div>
    <div><br>
    </div>
    <div style="font-family: Georgia, serif;">We have acted as counsel to Martin Marietta Materials, Inc., a North Carolina corporation (the &#8220;<u>Company</u>&#8221;), in connection with the preparation and filing with the Securities and Exchange Commission (the &#8220;<u>Commission</u>&#8221;)






      of a registration statement on Form&#160;S&#8209;3 (the &#8220;<u>Registration Statement</u>&#8221;) under the Securities Act of 1933, as amended (the &#8220;<u>Securities Act</u>&#8221;), relating to the registration under the Securities Act and the proposed issuance and sale from
      time to time pursuant to Rule&#160;415 under the Securities Act of:&#160; (i)&#160;shares of common stock of the Company, $0.01 par value per share (the &#8220;<u>Common Stock</u>&#8221;); (ii)&#160;shares of preferred stock of the Company, $0.01 par value per share (the &#8220;<u>Preferred






        Stock</u>&#8221; and, together with the Common Stock, the &#8220;<u>Stock</u>&#8221;); (iii) senior debt securities (the &#8220;<u>Senior Debt Securities</u>&#8221;) to be issued under the Indenture, dated as of May 22, 2017 (the &#8220;<u>Base Indenture</u>&#8221;), between the Company
      and Regions Bank, as trustee (in such capacity, the &#8220;<u>Senior Trustee</u>&#8221;), as amended and supplemented by the First Supplemental Indenture, dated as of May 22, 2017 (the &#8220;<u>First Supplemental Indenture</u>&#8221;), between the Company and the Senior
      Trustee, the Second Supplemental Indenture, dated as of December 20, 2017 (the &#8220;<u>Second Supplemental Indenture</u>&#8221;), between the Company and the Senior Trustee, the Third Supplemental Indenture, dated as of March 16, 2020 (the &#8220;<u>Third
        Supplemental Indenture</u>&#8221;), between the Company and the Senior Trustee and the Fourth Supplemental Indenture, dated as of July 2, 2021 (the &#8220;<u>Fourth Supplemental Indenture</u>&#8221; and, together with the Base Indenture, the First Supplemental
      Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture, the &#8220;<u>Senior Indenture</u>&#8221;, each of which is filed as an exhibit to the Registration Statement); (iv) subordinated debt securities (the &#8220;<u>Subordinated Debt
        Securities</u>&#8221; and, together with the Senior Debt Securities, the &#8220;<u>Debt Securities</u>&#8221;), to be issued by the Company under a subordinated indenture (the &#8220;<u>Subordinated Indenture</u>&#8221; and, together with the Senior Indenture, the &#8220;<u>Indentures</u>&#8221;
      and each, an &#8220;<u>Indenture</u>&#8221;) to be entered into between the Company and Regions Bank, as trustee (in such capacity, the &#8220;<u>Subordinated Trustee</u>&#8221; and, together with the Senior Trustee, the &#8220;<u>Trustees</u>&#8221; and each, a &#8220;<u>Trustee</u>&#8221;), the
      form of which is filed as an exhibit to the Registration Statement; and (v)&#160;warrants to purchase Common Stock, Preferred Stock or Debt Securities (the &#8220;<u>Warrants</u>&#8221; and, together with the Debt Securities and the Stock, the &#8220;<u>Securities</u>&#8221;).</div>
    <div><br>
    </div>
    <div style="font-family: Georgia, serif;">In connection with this opinion, we have examined originals, or copies certified or otherwise identified to our satisfaction, of such corporate records, certificates of corporate officers and government
      officials and such other documents as we have deemed necessary or appropriate for the purposes of this opinion.&#160; As to various questions of fact material to this opinion, we have relied upon representations of officers or directors of the Company and
      documents furnished to us by the Company without independent verification of their accuracy.&#160; We have also assumed the genuineness of all signatures, the legal capacity and competency of all natural persons, the authenticity of all documents
      submitted to us as originals and the conformity to authentic original documents of all documents submitted to us as duplicates or copies.</div>
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    <div style="font-family: Georgia, serif;">Based upon and subject to the foregoing, and assuming that:&#160; (i)&#160;the Registration Statement and any supplements and amendments thereto (including post-effective amendments) will have become effective and will
      comply with all applicable laws; (ii)&#160;the Registration Statement and any supplements and amendments thereto (including post-effective amendments) will be effective and will comply with all applicable laws at the time the Securities are offered or
      issued as contemplated by the Registration Statement; (iii)&#160;a prospectus supplement will have been prepared and filed with the Commission describing the Securities offered thereby and will comply with all applicable laws; (iv)&#160;all Securities will be
      issued and sold in compliance with all applicable federal and state securities laws and in the manner stated in the Registration Statement and the appropriate prospectus supplement; (v) none of the terms of any Security to be established subsequent
      to the date hereof, nor the issuance and delivery of such Security, nor the compliance by the Company with the terms of such Security will violate any applicable law or will result in a violation of any provision of any instrument or agreement then
      binding upon the Company or any restriction imposed by any court or governmental body having jurisdiction over the Company; (vi)&#160;a definitive purchase, underwriting or similar agreement and any other necessary agreement with respect to any Securities
      offered or issued will have been duly authorized and validly executed and delivered by the Company and the other parties thereto; (vii) any warrant agreement relating to the Warrants will be governed by the laws of the State of New York; and
      (viii)&#160;any Securities issuable upon conversion, exchange or exercise of any Security being offered or issued will be duly authorized, created and, if appropriate, reserved for issuance upon such conversion, exchange or exercise, we are of opinion
      that:</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;"><font style="font-family: Georgia, serif;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Georgia, serif;">With respect to Debt Securities to be issued by the Company under the applicable Indenture, assuming the applicable
        Indenture has been duly authorized and validly executed and delivered by the applicable Trustee, when (a)&#160;the applicable Trustee is qualified to act in such capacity under the applicable Indenture, (b)&#160;the applicable Indenture has been duly
        authorized and validly executed and delivered by the Company to the applicable Trustee, (c) the applicable Indenture has been duly qualified under the Trust Indenture Act of 1939, as amended, (d)&#160;the Board of Directors of the Company or a duly
        constituted and acting committee thereof (such Board of Directors or committee being hereinafter referred to as the &#8220;<u>Board</u>&#8221; ) has taken all necessary corporate action to approve the issuance and terms of such Debt Securities, the terms of
        the offering thereof and related matters and (e)&#160;such Debt Securities have been duly executed, authenticated, issued and delivered in accordance with the provisions of the applicable Indenture, including any supplemental indenture thereto, and the
        applicable definitive purchase, underwriting or similar agreement approved by the applicable Board, upon payment of the consideration therefor provided for therein, such Debt Securities will be validly issued and will constitute valid and binding
        obligations of the Company, enforceable against the Company in accordance with their terms (subject to applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws affecting creditors&#8217; rights generally
        from time to time in effect and to general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing, regardless of whether considered in a proceeding in equity or at law).</font></div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;"><font style="font-family: Georgia, serif;">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Georgia, serif;">With respect to the Warrants, assuming the warrant agreement relating to the Warrants has been duly authorized and
        validly executed and delivered by the Company, the warrant agent appointed by the Company and each other party thereto, when (a) the applicable Board has taken all necessary corporate action to approve the creation, issuance and terms of such
        Warrants, the terms of the offering thereof and related matters, (b) if such Warrants are exercisable for Common Stock, the actions necessary for the Common Stock to be validly issued have been taken, (c) if such Warrants are exercisable for
        Preferred Stock, the actions necessary for the Preferred Stock to be validly issued have been taken, (d) if such Warrants are exercisable for Debt Securities, the actions necessary for the Debt Securities to constitute valid and binding obligations
        of the Company enforceable against the Company in accordance with their terms have been taken and (e) such Warrants or the certificates representing such Warrants have been duly executed, countersigned, registered and delivered in accordance with
        the provisions of the appropriate warrant agreement and the applicable definitive purchase, underwriting or similar agreement approved by the applicable Board, upon payment of the consideration therefor provided for therein, such Warrants will
        constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms (subject to applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws affecting
        creditors&#8217; rights generally from time to time in effect and to general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing, regardless of whether considered in a proceeding in
        equity or at law).</font></div>
    <div style="text-indent: 72pt;"><font style="font-family: Georgia, serif;"> <br>
      </font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
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    <div style="font-family: Georgia, serif;">We express no opinion herein as to any provision of any Indenture, any warrant agreement relating to the Warrants, the Debt Securities or the Warrants that (a)&#160;relates to the subject matter jurisdiction of any
      Federal court of the United States of America, or any Federal appellate court, to adjudicate any controversy related thereto, (b)&#160;contains a waiver of an inconvenient forum, (c)&#160;relates to the waiver of rights to jury trial or (d)&#160;provides for
      indemnification, contribution or limitations on liability.&#160; We also express no opinion as to (i)&#160;the enforceability of the provisions of any Indenture, any warrant agreement relating to the Warrants, the Debt Securities or the Warrants to the extent
      that such provisions constitute a waiver of illegality as a defense to performance of contract obligations or any other defense to performance that cannot, as a matter of law, be effectively waived or (ii)&#160;whether a state court outside the State of
      New York or a Federal court of the United States would give effect to the choice of New York law provided for therein.</div>
    <div><br>
    </div>
    <div style="font-family: Georgia, serif;">Courts in the United States have not customarily rendered judgments for money damages denominated in any currency other than United States dollars. Section 27(b) of the Judiciary Law of the State of New York
      provides, however, that a judgment or decree in an action based upon an obligation denominated in a currency other than United States dollars shall be rendered in the foreign currency of the underlying obligation and converted into United States
      dollars at the rate of exchange prevailing on the date of the entry of the judgment or decree. We express no opinion as to whether a Federal court would render a judgment other than in United States dollars.</div>
    <div><br>
    </div>
    <div style="font-family: Georgia, serif;">We are admitted to practice only in the State of New York and express no opinion as to matters governed by any laws other than the laws of the State of New York and the Federal laws of the United States of
      America.&#160; In particular, we do not purport to pass on any matter governed by the laws of the State of North Carolina.&#160; Insofar as the opinions expressed herein relate to or depend upon matters governed by the laws of the State of North Carolina as
      they relate to the Company, we have relied upon and assumed the correctness of, without independent investigation, the opinion of Robinson, Bradshaw &amp; Hinson, P.A., which is being delivered to you and filed with the Commission as an exhibit to
      the Registration Statement.</div>
    <div style="font-family: Georgia, serif;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
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    </div>
    <div style="font-family: Georgia, serif;"> <br>
    </div>
    <div style="font-family: Georgia, serif;">We understand that we may be referred to under the heading &#8220;Legal Matters&#8221; in the prospectus and in a supplement to the prospectus forming a part of the Registration Statement, and we hereby consent to such use
      of our name in said Registration Statement and to the use of this opinion for filing with said Registration Statement as Exhibit&#160;5.1 thereto.&#160; In giving this consent, we do not hereby admit that we are within the category of persons whose consent is
      required under Section&#160;7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.</div>
    <div><br>
    </div>
    <div>
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          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: Georgia, serif;">Very truly yours,</div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="font-family: Georgia, serif;">/s/ Cravath, Swaine &amp; Moore LLP</div>
            </td>
          </tr>

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    </div>
    <div style="font-family: Georgia, serif;">Martin Marietta Materials, Inc.</div>
    <div><br>
    </div>
    <div style="margin-left: 18pt; font-family: Georgia, serif;">4123 Parklake Avenue</div>
    <div><br>
    </div>
    <div style="margin-left: 36pt; font-family: Georgia, serif;">Raleigh, North Carolina 27612</div>
    <div><br>
    </div>
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    <div style="font-family: Georgia, serif;">O</div>
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<DOCUMENT>
<TYPE>EX-5.2
<SEQUENCE>4
<FILENAME>ex5-2.htm
<DESCRIPTION>OPINION OF ROBINSON, BRADSHAW & HINSON, P.A.
<TEXT>
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    <!-- Licensed to: Cravath, Swaine & Moore LLP
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 5.2</font><br>
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    <div style="text-align: right;"><img src="image001.jpg"> </div>
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    <div style="font-family: Arial;">May 5, 2023</div>
    <div><br>
    </div>
    <div style="font-family: Arial;">Martin Marietta Materials, Inc.</div>
    <div style="font-family: Arial;">4123 Parklane Avenue</div>
    <div style="font-family: Arial;">Raleigh, North Carolina 27612</div>
    <div style="font-family: Arial;">Attention:&#160; Mr. James A.J. Nickolas</div>
    <div><br>
    </div>
    <div style="font-family: Arial;">Ladies and Gentlemen:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: Arial;">We have served as North Carolina counsel to Martin Marietta Materials, Inc. (the &#8220;Company&#8221;) in connection with the preparation of an automatic shelf registration statement on Form S-3 (the
      &#8220;Registration Statement&#8221;) to be filed today by the Company with the Securities and Exchange Commission (the &#8220;Commission&#8221;) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).&#160; The Registration Statement relates to the issuance and
      sale from time to time, pursuant to Rule 415 of the General Rules and Regulations of the Commission promulgated under the Securities Act, of the following securities: (i) one or more series of debt securities of the Company (the &#8220;Debt Securities&#8221;);
      (ii) one or more series of preferred stock, par value $0.01 per share, of the Company (the &#8220;Preferred Stock&#8221;); (iii) common stock, par value $0.01 per share, of the Company (the &#8220;Common Stock&#8221;); (iv) warrants entitling holders to purchase Common
      Stock, Preferred Stock or Debt Securities, or any combination thereof, from the Company at a future date or dates (the &#8220;Warrants&#8221; and, together with the Debt Securities, the Preferred Stock and the Common Stock, the &#8220;Securities&#8221;).&#160; The Securities are
      to be sold pursuant to a purchase, underwriting or similar agreement in substantially the form to be filed under a Current Report on Form 8-K.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: Arial;">The Debt Securities are to be issued pursuant to an Indenture dated as of May 22, 2017 between the Company and Regions Bank, an Alabama state chartered bank, as Trustee (in such capacity, the &#8220;Senior
      Indenture Trustee&#8221;), which is filed as Exhibit 4.4 to the Registration Statement, as supplemented from time to time by supplemental indentures thereto, including by the First Supplemental Indenture dated as of May&#160;22, 2017 between the Company and the
      Senior Indenture Trustee, the Second Supplemental Indenture dated as of December&#160;20, 2017 between the Company and the Senior Indenture Trustee, the Third&#160;Supplemental Indenture dated as of March 16, 2020 between the Company and the Senior Indenture
      Trustee, and the Fourth Supplemental Indenture dated as of July 2, 2021 between the Company and the Senior Indenture Trustee, which are filed as Exhibits 4.5, 4.6, 4.7 and 4.8 to the Registration Statement, respectively (as so supplemented, the
      &#8220;Senior Indenture&#8221;), or a subordinated debt securities indenture (the &#8220;Subordinated Indenture,&#8221; together with the Senior Indenture, the &#8220;Indentures,&#8221; and each as applicable to the Debt Securities issued thereunder as the &#8220;Indenture&#8221;), the form of
      which has been filed as Exhibit 4.9 to the Registration Statement, to be entered into by the Company and Regions Bank, an Alabama state chartered bank, as Trustee (in such capacity, the &#8220;Subordinated Indenture Trustee,&#8221; which, together with the
      Senior Indenture Trustee, is generically referred to as the &#8220;Trustee&#8221;).&#160; The Debt Securities are to be issued in the forms set forth in the Indentures. Each Indenture may be supplemented, as applicable, in connection with the issuance of each such
      series of Debt Securities, by a supplemental indenture or other appropriate action of the Company creating such series of Debt Securities.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: Arial;">This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K promulgated under the Securities Act.&#160; A copy of this opinion letter is also being provided to
      Cravath, Swaine &amp; Moore LLP, counsel assisting the Company in the filing of the Registration Statement, with the understanding that Cravath, Swaine &amp; Moore LLP will rely upon this opinion letter in providing its opinion in accordance with the
      requirements of Item 601(b)(5) of Regulation S-K promulgated under the Securities Act.</div>
    <div><br>
    </div>
    <div style="text-align: right;"><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: right;"><br>
    </div>
    <div style="text-align: right;"><img src="image003.jpg"> </div>
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    <div><br>
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    <div><font style="font-family: Arial;">Martin Marietta Materials, Inc.<br>
        May 5, 2023<br>
        Page 2</font><br>
      <hr noshade="noshade" align="left" style="height: 2px; width: 15%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
      <div><br>
      </div>
      <br>
    </div>
    <div style="text-indent: 36pt; font-family: Arial;">In rendering the opinions expressed herein, we have reviewed such matters of law and examined original, or copies certified or otherwise identified, of the Restated Articles of Incorporation of the
      Company, as amended, and the Restated Bylaws of the Company (collectively, the &#8220;Governing Instruments&#8221;), the Indentures and such other documents, records, agreements and certificates as we have deemed necessary as a basis for the opinions expressed
      herein.&#160; In such review, we have assumed the genuineness of all signatures, the capacity of all natural persons, the authenticity of all documents and certificates submitted to us as originals or duplicate originals, the conformity to original
      documents and certificates of the documents and certificates submitted to us as certified, photostatic, conformed, electronic or facsimile copies, the authenticity of the originals of such latter documents and certificates, the accuracy and
      completeness of all statements contained in all such documents and certificates, and the integrity and completeness of the minute books and records of the Company to the date hereof.&#160; As to all questions of fact material to the opinions expressed
      herein that have not been independently established, we have relied, without investigation or analysis of any underlying data, upon certificates and statements of public officials and representatives of the Company.&#160; To the extent that the Company&#8217;s
      obligations will depend on the enforceability of a document against other parties to such document, we have assumed that such document is enforceable against such other parties.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: Arial;">The opinions set forth herein are further subject to the following assumptions, qualifications, limitations and exceptions being true and correct at the time of delivery of any Securities to be
      offered and sold under the Registration Statement:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">the Registration Statement and any amendments thereto (including post-effective amendments) shall be effective under the Securities
        Act, and the applicable Indenture shall have been qualified under the Trust Indenture Act of 1939, as amended;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">a prospectus supplement describing such Securities shall have been prepared, delivered and filed with the Commission in accordance
        with the Securities Act and the applicable rules and regulations thereunder;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">such Securities shall be offered, issued and sold in compliance with applicable federal and state securities laws and in the manner
        described in the Registration Statement and the applicable prospectus supplement;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">all necessary corporate action shall have been taken to authorize the issuance of such Securities and any other securities issuable
        upon conversion, exchange, exercise, redemption or settlement thereof, and to establish the terms thereof, so as not to violate any applicable law, result in a default under or breach of any agreement or instrument binding upon the Company or
        conflict with any requirement, restriction or order imposed by any court or governmental body having jurisdiction over the Company;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">a definitive purchase, underwriting or similar agreement with respect to the issuance and sale of such Securities (the &#8220;Underwriting
        Agreement&#8221;) shall have been duly authorized, validly executed and delivered by the Company and the other parties thereto;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">any securities issuable upon conversion, exchange, exercise, redemption or settlement of such Securities shall have been duly
        authorized, created and, if appropriate, reserved for issuance upon such conversion, exchange, exercise, redemption or settlement;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">such Securities shall have been delivered (i) in accordance with the provisions of the applicable Underwriting Agreement upon
        receipt by the Company of the consideration therein provided, which consideration shall be lawful, or (ii) upon conversion, exchange, exercise, redemption or settlement of any other Security, in accordance with the terms of such Security or the
        instrument governing such Security providing for such conversion, exchange, exercise, redemption or settlement and upon receipt by the Company of the consideration specified by such Security or instrument, which consideration shall be lawful;</font></div>
    <div><br>
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    <div><br>
    </div>
    <div><font style="font-family: Arial;">Martin Marietta Materials, Inc.<br>
        May 5, 2023<br>
        Page 3</font><br>
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      <div><br>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">in the case of any series of Debt Securities issuable under the Indentures:</font></div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 72pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: Arial;">all necessary corporate action shall have been taken to authorize, designate and establish the terms of such Debt Securities in accordance with the terms of the applicable Indenture so as not to violate any
              applicable law, and such Debt Securities shall not include any provision that is unenforceable;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
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        <tr>
          <td style="width: 72pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: Arial;">with respect to such Debt Securities that are issuable under the Senior Indenture that the Senior Indenture has been duly authorized, executed and delivered by the Senior Indenture Trustee, and with respect to
              such Debt Securities that are issuable under the Subordinated Indenture that the Subordinated Indenture shall have been duly authorized, executed and delivered by the Subordinated Indenture Trustee;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6121c851eb1d4a3084f94b46c8be047c">

        <tr>
          <td style="width: 72pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: Arial;">any required supplement, amendment or modification to the applicable Indenture (a &#8220;Supplemental Indenture&#8221;) shall have been executed and delivered by the Company and the Trustee; and</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
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        <tr>
          <td style="width: 72pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: Arial;">&#9679;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: Arial;">forms of such Debt Securities complying with the terms of the Indenture and evidencing such Debt Securities shall have been duly executed, authenticated, issued and delivered in accordance with the provisions of
              the Indenture;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">in the case of shares of Preferred Stock of any series, all necessary corporate action shall have been taken to authorize, designate
        and establish the terms of such series and fix the designations, relative rights, preferences and limitations thereof, and the Company shall have filed with the Secretary of State of the State of North Carolina, as required by Section 55-6-02(b) of
        the North Carolina Business Corporation Act, articles of amendment (the &#8220;Articles of Amendment&#8221;) with respect to such Preferred Stock;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(j)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">in the case of shares of Preferred Stock or Common Stock, certificates representing such shares in the proper form shall have been
        duly executed, countersigned, registered and delivered, or if uncertificated, valid book-entry notations shall have been made in the share register of the Company, in each case in accordance with the Governing Instruments; there shall be sufficient
        shares of Preferred Stock or Common Stock, as the case may be, authorized under the Governing Instruments and not otherwise issued or reserved for issuance; and the purchase price payable to the Company for such shares, or if shares are issuable
        upon conversion, exchange, exercise, redemption or settlement of other Securities, the consideration payable to the Company for such conversion, exchange, exercise, redemption or settlement, shall be lawful consideration that is not less than the
        amount of adequate consideration therefor as set by the Board of Directors of the Company or an authorized committee thereof;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(k)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">in the case of the Warrants, all necessary corporate action shall have been taken to authorize and establish the terms thereof and
        the terms of the Securities purchasable thereunder, including the actions referred to in paragraphs (h) and (i) above with respect to any Debt Securities and Preferred Stock, respectively, purchasable under such Warrants; the warrant agreement or
        agreements relating to the Warrants have been duly authorized and validly executed and delivered by the Company and the warrant agent appointed by Company; the Warrants or certificates representing the Warrants have been duly executed,
        countersigned, registered and delivered in accordance with the appropriate warrant agreement or agreements; and</font></div>
    <div><br>
    </div>
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      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div><font style="font-family: Arial;">Martin Marietta Materials, Inc.<br>
        May 5, 2023<br>
        Page 4</font><br>
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      <div><br>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">(l)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">in the case of any Supplemental Indenture, Articles of Amendment, Underwriting Agreement or other agreement or instrument pursuant
        to which any Securities are to be issued, there shall be no terms or provisions contained therein that would affect the validity of any of the opinions rendered herein.</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: Arial;">Based upon the foregoing, and subject to all the assumptions, qualifications, limitations and exceptions set forth herein, we are of the opinion that:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">The Company is a corporation duly incorporated and validly existing under the laws of the State of North Carolina.</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">The shares of Preferred Stock and Common Stock included in the Securities will, when issued, have been duly authorized and validly
        issued and will be fully paid and nonassessable.</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">The Debt Securities will, when issued, have been duly authorized, executed and delivered by the Company.</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;"><font style="font-family: Arial;">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">The Warrants will, when issued, have been duly authorized, executed and delivered by the Company.</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: Arial;">The foregoing opinions are limited to the federal laws of the United States and the laws of the State of North Carolina, and we are expressing no opinion as to the effect of the laws of other
      jurisdictions.&#160; This opinion is limited to the matters stated herein, and no opinion is implied or may be inferred beyond the matters expressly stated herein.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: Arial;">We are members of the Bar of the State of North Carolina and do not purport to be experts in the laws of any jurisdiction other than the State of North Carolina and the federal laws of the United
      States of America.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-family: Arial;">We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to us under the caption &#8220;Legal Matters&#8221; in the Prospectus that is included in the
      Registration Statement.&#160; In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z052ad3ae3eef4ca2a7892a618c0ace7f">

        <tr>
          <td style="width: 51.88%; vertical-align: top;">&#160;</td>
          <td style="width: 48.12%; vertical-align: top;">
            <div style="font-family: Arial;">Very truly yours,</div>
            <div>&#160;</div>
            <div style="font-family: Arial;">ROBINSON, BRADSHAW &amp; HINSON, P.A.</div>
            <div style="font-family: Arial;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 51.88%; vertical-align: top;">&#160;</td>
          <td style="width: 48.12%; vertical-align: top;">
            <div style="font-family: Arial;">/s/ Robinson, Bradshaw &amp; Hinson, P.A.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><font style="font-family: Arial;">cc:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: Arial;">Cravath, Swaine &amp; Moore LLP</font></div>
    <div><br>
    </div>
  </div>
  <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;"> <br>
    </font></div>
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    </font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>5
<FILENAME>ex23-1.htm
<DESCRIPTION>CONSENT OF PRICEWATERHOUSECOOPERS LLP
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Cravath, Swaine & Moore LLP
         Document created using Broadridge PROfile 23.3.1.5138
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 23.1</font><br>
  </div>
  <div> <br>
  </div>
  <div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Georgia, serif;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: Georgia, serif;">We hereby consent to the incorporation by reference in this Registration Statement on Form S-3<font style="font-weight: bold;">&#160;</font>of
      Martin Marietta Materials, Inc.<font style="font-weight: bold;">&#160;</font>of our report dated February 24, 2023<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;</sup>relating to the financial statements, financial statement schedule and the
      effectiveness of internal control over financial reporting, which appears in Martin Marietta Materials, Inc&#8217;s Annual Report on Form 10-K for the year ended December 31, 2022.&#160; We also consent to the reference to us under the heading<font style="font-weight: bold;">&#160;</font>&#8220;Experts&#8221;<sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;</sup>in such Registration Statement.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: Georgia, serif;">/s/ PricewaterhouseCoopers LLP</div>
    <div style="font-family: Georgia, serif;">Raleigh, North Carolina</div>
    <div style="font-family: Georgia, serif;">May 5, 2023</div>
  </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-25.1
<SEQUENCE>6
<FILENAME>ex25-1.htm
<DESCRIPTION>STATEMENT OF ELIGIBILITY OF TRUSTEE ON FORM T-1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Cravath, Swaine & Moore LLP
         Document created using Broadridge PROfile 23.3.1.5138
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 25.1</font><br>
  </div>
  <div> <br>
  </div>
  <div>
    <div><br>
    </div>
    <div>
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    <div style="text-align: center; color: #000000;"> <br>
    </div>
    <div style="text-align: center; color: #000000;">UNITED STATES</div>
    <div style="text-align: center; color: #000000;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;">Washington, D.C.&#160; 20549</div>
    <div style="text-align: center; color: #000000;"><br>
    </div>
    <div>
      <hr align="center" noshade="noshade" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;">FORM T-1</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;">STATEMENT OF ELIGIBILITY</div>
    <div style="text-align: center; color: #000000;">UNDER THE TRUST INDENTURE ACT OF 1939 OF A</div>
    <div style="text-align: center; color: #000000;">CORPORATION DESIGNATED TO ACT AS TRUSTEE</div>
    <div style="text-align: center; color: #000000;"><br>
    </div>
    <div>
      <hr align="center" noshade="noshade" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div><br>
    </div>
    <table align="center" cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 70%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z9eec82fedb0c493e81a433e931155c91">

        <tr>
          <td style="width: 2%; vertical-align: top;">
            <div style="color: #000000;">___</div>
          </td>
          <td style="width: 60%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">REGIONS BANK</div>
    <div style="text-align: center; color: #000000;">(Exact name of trustee as specified in its charter)</div>
    <div><br>
    </div>
    <table align="center" cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 80%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z09ef5ddcbc304758bc634c97fe1d52e0">

        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">Alabama</div>
            <div style="color: #000000;">(Jurisdiction of incorporation or organization if not a U.S. national bank)</div>
          </td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">63-0371391</div>
            <div style="color: #000000;">(I.R.S. Employer Identification </div>
            <div style="color: #000000;">No.)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">1900 Fifth Avenue North</div>
            <div style="color: #000000; font-weight: bold;">Birmingham, AL</div>
            <div style="color: #000000;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: bottom;">
            <div style="color: #000000; font-weight: bold;">35203</div>
            <div style="color: #000000;">(Zip code)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Regions Bank</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">1180 West Peachtree Street</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Atlanta, GA 30309</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">(404) 581-3770</div>
    <div style="text-align: center; color: #000000;">(Name, address and telephone number of agent for service)</div>
    <div style="text-align: center; color: #000000;"><br>
    </div>
    <div>
      <hr align="center" noshade="noshade" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">MARTIN MARIETTA MATERIALS, INC.</div>
    <div style="text-align: center; color: #000000;">(Exact name of obligor as specified in its charter)</div>
    <div><br>
    </div>
    <table align="center" cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 80%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="zaea79cfa52d24bfe911340ea242cdac8">

        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">North Carolina</div>
            <div style="color: #000000;">(State or other jurisdiction of</div>
            <div style="color: #000000;"> incorporation or organization)</div>
          </td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">56-1848578</div>
            <div style="color: #000000;">(I.R.S. Employer</div>
            <div style="color: #000000;">Identification No.)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">2710 Wycliff Road</div>
            <div style="color: #000000; font-weight: bold;">Raleigh, NC</div>
            <div style="color: #000000;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: bottom;">
            <div style="color: #000000; font-weight: bold;">27607</div>
            <div style="color: #000000;">(Zip code)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">
      <div style="color: #000000;"><br>
      </div>
      <div>
        <hr align="center" noshade="noshade" style="height: 2px; width: 20%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
      SENIOR DEBT SECURITIES</div>
    <div style="text-align: center; color: #000000;">(Titles of the indenture securities)</div>
    <div><br>
    </div>
    <div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
    </div>
    <div><br>
    </div>
    <div><font style="color: #000000;">Item 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: #000000;"><u>General Information.</u>&#160; Furnish the following information as to the trustee:</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze1223a9fafc141948fa06aab2c738bee">

        <tr>
          <td style="width: 72pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">(a)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">Name and address of each examining or supervising authority to which it is subject.</div>
            <div style="color: #000000;"> <br>
            </div>
            <div style="color: #000000;">
              <div style="color: rgb(0, 0, 0);">State of Alabama State Banking Department</div>
              <div style="color: rgb(0, 0, 0);">PO Box 4600</div>
              <div style="color: rgb(0, 0, 0);">Montgomery, AL 36103-4600</div>
              <div><br>
              </div>
              <div style="color: rgb(0, 0, 0);">Federal Deposit Insurance Corporation</div>
              <div style="color: rgb(0, 0, 0);">Washington, D.C.</div>
              <div><br>
              </div>
              <div style="color: rgb(0, 0, 0);">Federal Reserve Bank of Atlanta</div>
              <div style="color: rgb(0, 0, 0);">Atlanta, Georgia 30309</div>
            </div>
          </td>
        </tr>

    </table>
    <br>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5e2e552a30e240f9a0007996e77c8ddd">

        <tr>
          <td style="width: 72pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">(b)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">Whether it is authorized to exercise corporate trust powers.</div>
            <div style="color: #000000;"> <br>
            </div>
            <div style="color: #000000;">Yes.<br>
            </div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf29ab0ce1b6c47f4b784b0cdca7b29d2">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Item 2.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;"><u>Affiliations with Obligor.</u>&#160; If the obligor is an affiliate of the trustee, describe each such affiliation.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt; color: #000000;">None with respect to the trustee.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za8e8842b623b470aa6ea1efe10591dd2">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Items 3-15.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">No responses are included for Items 3 through 15.&#160; Responses to those Items are not required because, as provided in General Instruction B the obligor is not in default on any securities issued under indentures
              under which Regions Bank is a trustee.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf948cd5c47cc43b080d42576061e1ebf">

        <tr>
          <td style="width: 144pt; vertical-align: top;"><font style="color: #000000;">Item 16.&#160; <u>List of Exhibits.</u></font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">List below all exhibits filed as a part of this Statement of Eligibility.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zab29e4d0f561460097083d615bb15e8c">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 1.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">A copy of the Articles of Incorporation of the trustee now in effect.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6521827b4b0d45e998b8621905afa157">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 2.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">The authority of Regions Bank to commence business was granted under the Articles of Incorporation for Regions Bank, incorporated herein by reference to Exhibit 1 of Form T-1.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z076cb1462b664a67b342b1287eb01fa9">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 3.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">The authorization to exercise corporate trust powers was granted under the Articles of Incorporation for Regions Bank, incorporated herein by reference to Exhibit 1 of Form T-1.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze9d53a5bd1e04fe4b5abd43afab66d41">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 4.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">A copy of the bylaws of the trustee as now in effect.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z709a5f51b2a44ea8abe454ae43c37249">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 5.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">Not applicable.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5cf016b5488e4c85b011895cdb758404">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 6.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">The consent of the trustee required by Section 321(b) of the Act.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za3f287b1244448768e45db094b6d38b4">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 7.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9cac1b33c94a436f8103c57257612706">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 8.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">Not applicable.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdb89b6eaa7c74019ab8c33389b809223">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 9.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">Not applicable.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;">SIGNATURE</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: #000000;">Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Regions Bank, a state chartered bank under the laws of Alabama, has duly caused this statement of eligibility to be signed on its
      behalf by the undersigned, thereunto duly authorized, all in the City of Atlanta and State of Georgia on May 5, 2023.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zb34b28294e964ad3ad52f9e6e104692a">

          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">REGIONS BANK</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="width: 50%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="width: 50%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">/s/ Kristine Prall</div>
            </td>
            <td style="width: 25%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">Kristine Prall</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="width: 50%; vertical-align: top;">
              <div style="color: #000000;">Vice President</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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    </div>
    <div><br>
    </div>
    <div style="text-align: center;">EXHIBIT 1</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLES OF AMENDMENT TO THE</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLES OF INCORPORATION</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">OF</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">REGIONS BANK</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">an Alabama banking corporation</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;">Pursuant to the provisions of Section 10A-1-3.13 and Sections 10A-2-10.01 through 10A-2-10.09 of the Alabama Business and Nonprofit Entities Code, as amended,
      (the &#8220;Law&#8221;), the undersigned banking corporation adopts the following Articles of Amendment to its Articles of Incorporation:</div>
    <div><br>
    </div>
    <div style="margin-right: 93.6pt; margin-left: 36pt; color: #000000;"><font style="font-weight: bold;">FIRST: </font>The name of the banking corporation is Regions Bank (the &#8220;Bank&#8221;).</div>
    <div><br>
    </div>
    <div style="margin-right: 93.6pt; margin-left: 36pt; color: #000000;"><font style="font-weight: bold;"><u>SECOND:</u></font> The Bank is an Alabama banking corporation.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;"><font style="font-weight: bold;">THIRD: </font>The Restated Articles of Incorporation of the Bank were filed with the Office of the Judge of Probate of
      Jefferson County, Alabama on October 28, 2014. The Alabama Entity ID Number of the Bank is 006-854.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;"><font style="font-weight: bold;"><u>FOURTH:</u></font> The Second Amended and Restated Certificate of Incorporation, attached hereto as <u>Exhibit A</u> and
      incorporated herein by this reference, is hereby adopted as the articles of incorporation of the Bank.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;"><font style="font-weight: bold;"><u>FIFTH:</u></font> The Second Amended and Restated Certificate of Incorporation was adopted and approved by the Board of
      Directors of the Bank at a meeting duly called and held on July 22, 2020 and by the sole shareholder of the Bank pursuant to an action by written consent dated as of July 22, 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;"><font style="font-weight: bold;">SIXTH: </font>The designation, number of outstanding shares, and number of votes entitled to be cast by the sole shareholder on
      the Second Amended and Restated Certificate of Incorporation were as follows:</div>
    <div><br>
    </div>
    <table align="left" cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="ze5e8a0f8330646daa899549190a00d23">

        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Shares</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Outstanding</div>
          </td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Entitled to Vote</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>Common Stock,</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center;">21,546</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center;">21,546</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>par value $5.00</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div style="clear: both;"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;"><font style="font-weight: bold;"><u>SEVENTH:</u></font> The number of shares entitled to vote on the Second Amended and Restated Certificate of Incorporation that voted FOR the Second
      Amended and Restated Certificate of Incorporation and the number of shares entitled to vote on the Second Amended and Restated Certificate of Incorporation that voted AGAINST the Second Amended and Restated Certificate of Incorporation were as
      follows:</div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;"><u>Shares</u></div>
          </td>
          <td style="width: 15%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;">Total Voted</div>
            <div style="text-align: center; font-weight: bold;"><u>FOR</u></div>
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          <td style="width: 15%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;">Total Voted</div>
            <div style="text-align: center; font-weight: bold;"><u>AGAINST</u></div>
          </td>
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        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center;">Common Stock</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center;">21,546</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center;">0</div>
          </td>
        </tr>

    </table>
    <div style="clear: both;"><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;"><font style="font-weight: bold;"><u>EIGHTH:</u></font> The number of shares that voted FOR the Second Amended and Restated Certificate of Incorporation was sufficient for approval
      thereof by the sole shareholder of the Bank, as required by the Law and the Articles of Incorporation.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;"><font style="font-weight: bold;">NINTH: </font>The original written approval issued by the Superintendent of the Alabama State Banking Department with respect to the Second Amended
      and Restated Certificate of Incorporation is attached hereto as <u>Exhibit B</u> and recorded herewith.</div>
    <div><br>
    </div>
    <div><br>
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    <div style="text-align: justify; text-indent: 36pt; color: #000000;"><font style="font-weight: bold;">IN WITNESS WHEREOF, </font>the Bank has caused these Articles of Amendment to the Articles of Incorporation of the Bank to be executed in its name
      and on its behalf as of August 6, 2020.</div>
    <div><br>
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        <tr>
          <td style="width: 59.24%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 34.13%; vertical-align: top;">
            <div style="font-weight: bold;">&#160;&#160;BANK:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.24%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 34.13%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.24%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 34.13%; vertical-align: top;">
            <div>REGIONS BANK</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.24%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 34.13%; vertical-align: top;">
            <div>an Alabama banking corporation</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.24%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 34.13%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 59.24%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 34.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/<font style="font-style: italic;">s/ Hope D. Mehlman</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.24%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 34.13%; vertical-align: top;">
            <div>Hope D. Mehlman</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.24%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 34.13%; vertical-align: top;">
            <div>Executive Vice President, Corporate </div>
            <div>Secretary, Chief Governance Officer, and </div>
            <div>Deputy General Counsel</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 9pt;">This instrument prepared by:</div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-size: 9pt;">Andrew S. Nix</div>
    <div style="color: rgb(0, 0, 0); font-size: 9pt;">Maynard, Cooper &amp; Gale, P.C.</div>
    <div style="color: rgb(0, 0, 0); font-size: 9pt;">1901 Sixth Avenue North</div>
    <div style="color: rgb(0, 0, 0); font-size: 9pt;">2400 Regions/Harbert Plaza</div>
    <div style="color: rgb(0, 0, 0); font-size: 9pt;">Birmingham, AL 35203</div>
    <div style="color: #000000;"><font style="font-size: 9pt;">(205) 254-100</font>0</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;"><u>EXHIBIT A</u></div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Second Amended and Restated Certificate of Incorporation</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;">(attached)</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">SECOND AMENDED AND RESTATED CERTIFICATE OF INCORPORATION</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">OF</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">REGIONS BANK</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z27527658182447e9926a755fb9cad7c3">

        <tr>
          <td style="width: 10.8pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">The name of this corporation shall be Regions Bank. The corporation is a domestic banking corporation.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
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        <tr>
          <td style="width: 10.8pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">The principal place of business of the corporation shall be 1900 Fifth Avenue North, Birmingham, Alabama 35203. The general business of Regions Bank (the &#8220;Bank&#8221;) shall be conducted at its main office and its
              branches and other facilities.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0bedf317fb194caf9ab2e725b583eaf3">

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          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000;">3.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">The Bank shall have the following objects, purposes and powers:</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z3d3fab77176b459db945411e8763e106">

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          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000;">a.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To be and serve as an Alabama banking corporation pursuant to the Alabama Banking Code, Section 5-1A-1 <font style="font-style: italic;">et seq. </font>of the Code of Alabama 1975, as amended (together with any
              act amendatory thereof, supplementary thereto or substituted therefor, hereinafter referred to as the &#8220;Banking Code&#8221;), with all the power and authority that may be exercised by an Alabama banking corporation.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
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          <td style="width: 46.8pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000;">b.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To engage in any lawful business, act or activity for which a banking corporation may be organized under Alabama law, it being the purpose and intent of this section to invest the Bank with the broadest objects,
              purposes and powers lawfully permitted an Alabama banking corporation.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7c27aff3882046a8905374600a17c89c">

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          <td style="width: 46.8pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000;">c.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To engage in any lawful business, act or activity for which a corporation may be organized under the Alabama Business Corporation Law of 2019, Section 10A-2A-1.01 <font style="font-style: italic;">et seq. </font>of




              the Code of Alabama 1975, as amended (together with any act amendatory thereof, supplementary thereto or substituted therefor, hereinafter referred to as the &#8220;ABCL&#8221;), to the extent not inconsistent with the provisions of the Banking Code or
              any other regulation of a banking corporation in the State of Alabama.</div>
          </td>
        </tr>

    </table>
    <div><br>
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          <td style="width: 18pt; vertical-align: top; color: #000000;">d.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">Without limiting the scope and generality of the foregoing, the Bank shall have the following specific objects, purposes and powers:</div>
          </td>
        </tr>

    </table>
    <div><br>
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          <td style="width: 108pt;"><br>
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          <td style="width: 18pt; vertical-align: top; color: #000000;">i.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">To conduct a general banking business through such means and at such places as the Board of Directors may deem proper.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfb7919bd799b43ffa1906524b4dd7db9">

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          <td style="width: 108pt;"><br>
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          <td style="width: 18pt; vertical-align: top; color: #000000;">ii.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: #000000;">To sue and be sued, complain and defend, in its corporate name.</div>
          </td>
        </tr>

    </table>
    <div><br>
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          <td style="width: 18pt; vertical-align: top; color: #000000;">iii.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To have a corporate seal which may be altered at pleasure, and to use the same by causing it, or a facsimile thereof, to be impressed or affixed or in any other manner reproduced.</div>
          </td>
        </tr>

    </table>
    <div><br>
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          <td style="width: 18pt; vertical-align: top; color: #000000;">iv.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To purchase, take, receive, lease or otherwise acquire, own, hold, improve, use and otherwise deal in and with, real or personal property, or any interest therein, wherever situated.</div>
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    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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    <div><br>
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    <div>
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            <td style="width: 3%; vertical-align: top;">
              <div>v.</div>
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            <td style="width: 87.58%; vertical-align: top;">
              <div>To sell, convey, mortgage, pledge, lease, exchange, transfer and otherwise dispose of all or any part of its property and assets, subject to the limitations hereinafter prescribed.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>vi.</div>
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              <div>To lend money and use its credit to assist its employees.</div>
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>vii.</div>
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              <div>To purchase, take, receive, subscribe for or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge or otherwise dispose of, and otherwise use and deal in and with, shares or other interests in, or obligations of,
                other domestic or foreign corporations, associations, partnerships or individuals, or direct or indirect obligations of the United States or of any other government, state, territory, governmental district or municipality or of any
                instrumentality thereof as may be permitted by law or appropriate regulations.</div>
            </td>
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          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>viii.</div>
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            <td style="width: 87.58%; vertical-align: top;">
              <div>To make contracts, guarantees and indemnity agreements and incur liabilities, borrow money at such rates of interest as the corporation may determine, issue its notes, bonds and other obligations, and secure any of its obligations by
                mortgage, pledge of or creation of security interests in, all or any of its property, franchises or income, or any interest therein.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>ix.</div>
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              <div>To lend money for its corporate purposes, invest and reinvest its funds and take and hold real and personal property as security for the payment of funds so loaned or invested.</div>
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>x.</div>
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              <div>To conduct its business, carry on its operations and have offices and exercise the powers granted by this section, within or without the State of Alabama.</div>
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          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xi.</div>
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              <div>To elect or appoint and remove officers and agents of the Bank, define their duties and fix their compensation.</div>
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          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xii.</div>
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              <div>To make and alter by its board of directors by-laws not inconsistent with its certificate of incorporation or with the laws of the State of Alabama for the administration and regulation of the affairs of the Bank.</div>
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          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xiii.</div>
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              <div>To make donations for the public welfare or for charitable, scientific or educational purposes.</div>
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          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87.58%; vertical-align: top;">&#160;</td>
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          <tr>
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            <td style="width: 3%; vertical-align: top;">
              <div>xiv.</div>
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              <div>To transact any lawful business which the board of directors shall find will be in aid of governmental policy.</div>
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          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
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            <td style="width: 3%; vertical-align: top;">
              <div>xv.</div>
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              <div>To pay pensions and establish pension plans, pension trusts, profit sharing plans, stock bonus plans, stock option plans and other incentive plans for any or all of its directors, officers and employees.</div>
            </td>
          </tr>

      </table>
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    <div><br>
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    <br>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5eda5acbebaa44f492a675e5755311dd">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xvi.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To be a promoter, incorporator, partner, member, trustee, associate or manager of any domestic or foreign corporation, partnership, joint venture, trust or other enterprise.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd63c716b5d7a4596be4dc519e956ed5a">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xvii.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To consolidate or merge, before or after the completion of its works, with any other foreign or domestic corporation or corporations engaged in the business of banking or trust companies doing a banking business.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9e154bd7b8ec42f1b71da29f18495364">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xviii.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To discount bills, notes or other evidences of debt.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6be7cffa607d49afb9a553c55465fae1">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">
            <div>xix.</div>
            <div> <br>
            </div>
            <div>xx.<br>
            </div>
          </td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To receive and pay out deposits, with or without interest, pay checks and impose charges for any services.</div>
            <div style="color: #000000;"> <br>
            </div>
            <div style="color: #000000;"> To receive on special deposit money, bullion or foreign coins or bonds or other securities.</div>
          </td>
        </tr>

    </table>
    <br>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd5e515cdb2f3447ebcc352a3f843453a">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xxi.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To buy and sell foreign and domestic exchanges, gold and silver bullion or foreign coins, bonds, bills of exchange, notes and other negotiable paper.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z159120c8bac5488eb4edb922a7ac917d">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xxii.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To lend money on personal security or upon pledges of bonds, stocks or other negotiable securities.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z287da8441eb149a28303d86fba2f1dc9">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xxiii.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To take and receive security by mortgage, security or otherwise on property, real and personal.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbc1c34962b6049c9aedd826eb674495f">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xxiv.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To become trustee for any purpose and be appointed and act as executor, administrator, guardian, receiver or fiduciary.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z54190411665541a3afd3bd5d36934492">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xxv.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To lease real and personal property upon specific request of a customer, provided that it complies with any applicable laws of the State of Alabama regulating leasing real property or improvements thereon to others.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7fa4a80ee75d4543853ddc2f64b5c19b">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xxvi.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To perform computer, management and travel agency services for others.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb353a273468a45d188654b3ba7f703ef">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xxvii.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To subscribe to the capital stock and become a member of the Federal Reserve System and comply with rules and regulations thereof</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z622309b80acf4c73a14eca8f0a183e80">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">xxviii.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To do business and exercise directly or through operating subsidiaries any powers incident to the business of banks.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The duration of the corporation shall be perpetual.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Board of Directors is expressly authorized from time to time to fix the number of Directors which shall constitute the entire Board, subject to the following:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z69aaf9163dbc4be7b6c20296865690c6">

        <tr>
          <td style="width: 46.8pt;"><br>
          </td>
          <td style="width: 14.4pt; vertical-align: top; color: #000000;">a.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">The number of Directors constituting the entire Board shall be fixed from time to time by vote of a majority of the entire Board; provided, however, that the number of Directors shall not be reduced so as to shorten
              the term of any Director at the time in office; provided further, that the number of Directors shall not be less than five (5) nor more than twenty-five (25). Each Director shall be the record owner of the requisite number of shares of common
              stock of the Bank&#8217;s parent bank holding company fixed by the appropriate regulatory authorities.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z602eec9342cd4e1ea5be5dfd56cbe47c">

        <tr>
          <td style="width: 46.8pt;"><br>
          </td>
          <td style="width: 14.4pt; vertical-align: top; color: #000000;">b.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">Notwithstanding any other provisions of this Second Amended and Restated Certificate of Incorporation or the by-laws of the Bank (and notwithstanding the fact that some lesser percentage may be specified by law,
              this Second Amended and Restated Certificate of Incorporation or the by-laws of the Bank), any Director or the entire Board of Directors of the Bank may be removed at any time, with or without cause, by the affirmative vote of the holder(s)
              of ninety percent (90%) or more of the outstanding shares of capital stock of the Bank entitled to vote generally in the election of directors (considered for this purpose as one class) cast at a meeting of stockholders called for that
              purpose.</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; color: rgb(0, 0, 0);"><br>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: #000000;">6.<br>
            </td>
            <td style="width: auto; vertical-align: top; text-align: justify;">The aggregate number of shares of capital stock which the Bank shall have authority to issue is thirty thousand five hundred forty-six (30,546) shares, which shall be common
              stock, par value five dollars ($5.00) per share (the &#8220;Common Stock&#8221;). The Bank shall not issue fractional shares of stock, but shall pay in cash the fair value of fractions of a share as of the time when those otherwise entitled to receive
              such fractions are determined.</td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb9377aaab963472e8dc109ad7bbc88d9">

        <tr>
          <td style="width: 61.2pt;"><br>
          </td>
          <td style="width: 21.6pt; vertical-align: top; color: #000000;">a.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">Stockholders shall not have pre-emptive rights to purchase shares of any class of capital stock of the Bank. The Bank, at any time and from time to time, may authorize and issue debt obligations, whether or not
              subordinated, without the approval of the stockholders.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z890b103db9174db1a3419320924a960e">

        <tr>
          <td style="width: 61.2pt;"><br>
          </td>
          <td style="width: 21.6pt; vertical-align: top; color: #000000;">b.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">Authority is hereby expressly granted to the Board of Directors from time to time to issue any authorized but unissued shares of Common Stock for such consideration and on such terms as it may determine. Every share
              of Common Stock of the Bank shall have one vote at any meeting of stockholders and may be voted by the stockholders of record either in person or by proxy.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z420c2f2aef434dc8b922c549afffac4d">

        <tr>
          <td style="width: 61.2pt;"><br>
          </td>
          <td style="width: 21.6pt; vertical-align: top; color: #000000;">c.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">In the event of any liquidation, dissolution or winding up of the Bank, or upon the distribution of the assets of the Bank, the assets of the Bank remaining after satisfaction of all obligations and liabilities
              shall be divided and distributed ratably among the holders of the Common Stock. Neither the merger nor the consolidation of the Bank with another corporation, nor the sale or lease of all or substantially all of the assets of the Bank, shall
              be deemed to be a liquidation, dissolution or winding up of the Bank or a distribution of its assets.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z36a5ddbebd094315a8d13f15edf370d1">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000;">7.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">The Chief Executive Officer, Secretary, Board of Directors or holder(s) of at least 90% of the issued and outstanding voting stock of the Bank may call a special meeting of stockholders at any time. The Bank shall
              notify stockholders of the place, if any, date and time of each annual and special meeting of stockholders no fewer than ten (10) nor more than sixty (60) days before the meeting date, such notice to be delivered to each stockholder of record
              at the address as shown upon the stock transfer book of the Bank. Notice of a special meeting of stockholders shall include a description of the purpose or purposes for which the meeting is called.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb941de7bdbe141888a1e069ce2edd05f">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000;">8.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">The Bank reserves the right to amend, alter, change or repeal any provision contained in this Second Amended and Restated Certificate of Incorporation, in the manner now or hereafter provided by law, at any regular
              or special meeting of stockholders, and all rights conferred upon officers, directors and stockholders of the Bank hereby are granted subject to this reservation.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4feae49f0a6c4da4b3da2c18f879f3f5">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000;">9.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">The Bank shall indemnify its officers, directors, employees and agents in accordance with the indemnification provisions set forth in the by-laws of the Bank, as may be amended from time to time, and in all cases in
              accordance with applicable laws and regulations.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z72c453662c464811b665d53014908fc3">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: #000000;">10.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To the extent not inconsistent with the provisions of the Banking Code or the rules, regulations or orders of the Superintendent of the Alabama State Banking Department, and pursuant to Section 10A-2A-17.01 of the
              ABCL, the Bank hereby elects to be governed by the provisions of the ABCL, and all references in this Second Amended and Restated Certificate of Incorporation to the ABCL shall mean the Alabama Business Corporation Law of 2019.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-style: italic;">[Signature Page Follows]</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;">IN WITNESS WHEREOF, the undersigned hereby certifies that, in accordance with applicable law, this Second Amended and Restated Certificate of Incorporation has
      been adopted by the Bank as of the 6<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of August, 2020.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zaba16fd6c0f44eb5880082e5a2b9572a">

        <tr>
          <td style="width: 59.2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 34.15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/<font style="font-style: italic;">s/ Hope D. Mehlman</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.2%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 34.15%; vertical-align: top;">
            <div>Hope D. Mehlman</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.2%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 34.15%; vertical-align: top;">
            <div>Executive Vice President, Corporate </div>
            <div>Secretary, Chief Governance Officer, and </div>
            <div>Deputy General Counsel</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="margin-left: 10.8pt; color: #000000; font-weight: bold;">STATE OF ALABAMA</div>
    <div><br>
    </div>
    <div style="margin-left: 10.8pt; color: #000000; font-weight: bold;">MONTGOMERY COUNTY</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-indent: 36pt; margin-right: 21.6pt; margin-left: 10.8pt; line-height: 2.00; color: #000000;">I, Mike Hill, as Superintendent of Banks for the State of Alabama, do hereby certify that I have fully and duly examined the foregoing
        Second Amended and Restated Certificate of Incorporation whereby the shareholder of Regions Bank, a banking corporation located at Birmingham, Alabama, proposes to Amend and Restate the Certificate of Incorporation.</div>
    </div>
    <div><br>
    </div>
    <div style="margin-right: 61.2pt; margin-left: 46.8pt; color: #000000;">See attached Articles of Amendment which Amend and Restate the Certificate of Incorporation of Regions Bank.</div>
    <div><br>
    </div>
    <div>
      <div style="text-indent: 36pt; margin-right: 21.6pt; margin-left: 10.8pt; line-height: 2.00; color: #000000;">I do hereby certify that said Second Amended and Restated Certificate of Incorporation appear to be in substantial conformity with the
        requirements of law and they are hereby approved. Upon the filing of the same, together with this Certificate of Approval, with the proper agency as required by law, the Second Amended and Restated Certificate of Incorporation of said bank shall be
        effective.</div>
    </div>
    <div><br>
    </div>
    <div style="margin-left: 46.8pt; color: #000000;">Given under my hand and seal of office this the 3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> day of August, 2020.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zc0327c9f17804530a61c4ce5215a746c">

        <tr>
          <td style="width: 59.2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 34.15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-style: italic;">/s/ Mike Hill</div>
          </td>
        </tr>
        <tr>
          <td style="width: 59.2%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
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            <div>Mike Hill</div>
            <div>Superintendent of Banks</div>
          </td>
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          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 34.15%; vertical-align: top;">&#160;</td>
        </tr>

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    <div style="text-align: center;">EXHIBIT 4</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">AMENDED AND RESTATED BY-LAWS OF</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">REGIONS BANK</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;">Effective July 21, 2021</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLE I. OFFICES</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Registered Office</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The registered office of Regions Bank (the &#8220;Bank&#8221;) shall be maintained at the office of the Corporation Service Company, Inc., in the City of Montgomery, in the County of Montgomery,
      in the State of Alabama, or such other location as may be designated by the Board of Directors. Corporation Service Company, Inc. shall be the registered agent of the Bank unless and until a successor registered agent is appointed by the Board of
      Directors.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Other Offices</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Bank may have other offices at such places as the Board of Directors may from time to time appoint or the business of the Bank may require.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Principal Place of Business</u>.</font></div>
    <div><br>
    </div>
    <div style="margin-left: 36pt; color: #000000;">The principal place of business of the Bank shall be in Birmingham, Alabama.</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLE II. MEETINGS OF STOCKHOLDERS</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Annual Meeting</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Annual meetings of stockholders for the election of members of the Board of Directors (&#8220;Directors&#8221;) and for such other business as the Board of Directors may determine, shall be held
      at such place, time and date as the Board of Directors, by resolution, shall determine.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Special Meetings</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Chief Executive Officer, Secretary, Board of Directors or holder(s) of at least ninety percent (90%) of the issued and outstanding voting stock of the Bank may call a special
      meeting of stockholders at any time. Special meetings of stockholders may be held at such place, time and date as shall be stated in the notice of the meeting.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Voting</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The vote of a majority of the votes cast by the shares entitled to vote on any matter at a meeting of stockholders at which a quorum is present shall be the act of the stockholders on
      that matter, except as otherwise required by law or by the Certificate of Incorporation of the Bank.</div>
    <div><br>
    </div>
    <div><br>
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    <div><font style="font-weight: bold; color: #000000;">Section 4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Quorum</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">At each meeting of stockholders, except where otherwise provided by applicable law, the Certificate of Incorporation or these By-Laws, the holders of a majority of the outstanding
      shares of the Bank entitled to vote on a matter at the meeting, represented in person or by proxy, shall constitute a quorum. If less than a majority of the outstanding shares are represented, a majority of the shares so represented may adjourn the
      meeting from time to time without further notice, but until a quorum is secured no other business may be transacted. The stockholders present at a duly organized meeting may continue to transact business until an adjournment notwithstanding the
      withdrawal of enough stockholders to leave less than a quorum.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;">Notice of Meeting.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Written or printed notice stating the place, day and time of the meeting and, in case of a special meeting of stockholders, the purpose or purposes of the meeting, shall be delivered
      not less than ten (10) nor more than sixty (60) days before the date of the meeting to each stockholder of record entitled to vote at such meeting. The notice shall also include the record date for determining the stockholders entitled to vote at the
      meeting, if that date is different from the record date for determining stockholders entitled to notice of the meeting. Such notice may be communicated in person, by telephone, teletype, telecopier, facsimile transmission or other form of electronic
      communication, or by mail or private carrier. The notice shall be deemed to have been delivered (i) if mailed postage prepaid and correctly addressed to a stockholder, upon deposit in the United States mail; (ii) if mailed by United States mail
      postage prepaid and correctly addressed to a recipient other than a stockholder, the earliest of when it is actually received or (A) if sent by registered or certified mail, return receipt requested, the date shown on the return receipt signed by or
      on behalf of the addressee or (B) five (5) days after it is deposited in the United States mail; or (iii) if an electronic transmission, when (A) it enters an information processing system that the recipient has designated or uses for the purposes of
      receiving electronic transmissions or information of the type sent, and from which the recipient is able to retrieve the electronic transmission and (B) it is in a form capable of being processed by that system. The attendance of a stockholder at a
      meeting shall constitute a waiver of lack of notice or defective notice of such meeting, unless the stockholder expresses such objection at the beginning of the meeting, and shall constitute a waiver of any objection to the consideration of a
      particular matter that is not within the purpose or purposes described in the notice, unless the stockholder objects to considering the matter before action is taken thereon.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Informal Action by Stockholders</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Any action required or permitted to be taken at any meeting of stockholders may be taken without a meeting, and without prior notice, if one or more consents in writing setting forth
      the action so taken are signed by the holders of outstanding stock having not less than the minimum number of votes that would be required to authorize or take the action at a meeting at which all shares of stock entitled to vote on the action were
      present and voted. The action must be evidenced by one or more written consents describing the action taken, signed by the stockholders approving the action and delivered to the Bank for filing by the Bank with the minutes or corporate records. No
      written consent shall be effective to take the corporate action referred to therein unless, within sixty (60) days of the earliest date on which a consent is delivered to the Bank as required by this section, written consents signed by sufficient
      stockholders to take the action have been delivered to the Bank. A written consent may be revoked by a writing to that effect delivered to the Bank before unrevoked written consents sufficient in number to take the corporate action have been
      delivered to the Bank.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">A consent signed pursuant to the provisions of this section has the effect of a vote taken at a meeting and may be described as such in any document. The action taken by written
      consent shall be effective when written consents signed by sufficient stockholders to take the action have been delivered to the Bank.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: #000000;">If action is taken by less than unanimous written consent of the stockholders, the Bank shall give its nonconsenting stockholders written notice of the action not more
        than ten (10) days after written consents sufficient to take the action have been delivered to the Bank. The notice must reasonably describe the </font>&#160;<font style="color: #000000;">action taken and contain or be accompanied by the same material
        that would have been required to be sent to stockholders in a notice of a meeting at which the action would have been submitted to the stockholders for action.</font></div>
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    <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLE III. DIRECTORS</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Number and Term</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The number of Directors that shall constitute the whole Board of Directors shall be fixed, from time to time, by resolutions adopted by the Board of Directors, but shall not be less
      than five (5) persons or more than twenty-five (25) persons. The number of Directors shall not be reduced so as to shorten the term of any Director in office at the time.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Directors elected at each annual or special meeting or appointed pursuant to Article III, Section 4 of these By-Laws shall hold office until the next annual meeting and until his or
      her successor shall have been elected and qualified, or until his or her earlier retirement, death, resignation or removal. Directors need not be residents of Alabama.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Chair of the Board and Lead Independent Director</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Board of Directors shall by majority vote designate from time to time from among its members a Chair of the Board of Directors. The Chair of the Board of Directors shall preside
      at all meetings of the stockholders and of the Board of Directors. He or she shall have and perform such duties as prescribed by these By-Laws and by the Board of Directors. The position of Chair of the Board of Directors is a Board position;
      provided, however, the position of Chair of the Board of Directors may be held by a person who is also an officer of the Bank.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">In the absence of the Chair of the Board of Directors, or in the case he or she is unable to preside, the Lead Independent Director, if at the time a Director of the Bank has been
      designated by the Board of Directors as such, shall have and exercise all powers and duties of the Chair of the Board of Directors and shall preside at all meetings of the Board of Directors. If at any Board of Directors meeting neither of such
      persons is present or able to act, the Board of Directors shall select one of its members as acting chair of the meeting or any portion thereof.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Resignations</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Any Director may resign at any time. All resignations shall be made in writing, and shall take effect at the time of receipt by the Chair of the Board of Directors, Chief Executive
      Officer, President or Secretary or at such other time as may be specified therein. The acceptance of a resignation shall not be necessary to make it effective.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Vacancies</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">If the office of any Director becomes vacant, including by reason of resignation or removal, or the size of the Board of Directors is increased, the remaining Directors in office,
      even if less than a quorum, by a majority vote, may appoint any qualified person to fill such vacancy or new position, and such person shall hold office for the unexpired term and until his or her successor shall be duly chosen.</div>
    <div><br>
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    <div><font style="font-weight: bold; color: #000000;">Section 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Removal</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Any Director may be removed at any time, with or without cause, by the affirmative vote of the holders of ninety percent (90%) or more of the outstanding shares of capital stock of
      the Bank entitled to vote generally in the election of directors (considered for this purpose as one class) cast at a meeting of stockholders called for that purpose.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Powers</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The business and affairs of the Bank shall be managed by or under the direction of the Board of Directors, except as may be otherwise provided by applicable law, the Certificate of
      Incorporation of the Bank or pursuant to these By-Laws.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Meetings</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Regular meetings of the Board of Directors may be held without notice at such places and times as shall be determined from time to time by the Board of Directors; provided, however,
      that such regular meetings shall be held at intervals in compliance with the Alabama Banking Code, Section 5-1A-1 <font style="font-style: italic;">et seq. </font>of the Code of Alabama 1975, as amended (together with any act amendatory thereof,
      supplementary thereto or substituted therefor, hereinafter referred to as the &#8220;Banking Code&#8221;).</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Special meetings of the Board of Directors may be called by the Chair of the Board of Directors, Lead Independent Director, Chief Executive Officer or President, or Secretary on the
      request of any two members of the Board of Directors, on at least two (2) days&#8217; notice to each Director and shall be held at such place or places as may be determined by the Board of Directors, or as shall be stated in the notice of such meeting.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Unless otherwise restricted by the Certificate of Incorporation or these By-Laws, members of the Board of Directors, or any committee designated by the Board of Directors, may
      participate in a meeting of the Board of Directors, or any committee, by means of conference telephone, video or similar communications equipment by means of which all persons participating in the meeting can hear each other, and such participation
      in a meeting shall constitute presence in person at the meeting. Notice of any special meeting of the Board of Directors need not be given personally, and may be given by United States mail, postage prepaid or by any form of electronic communication,
      and shall be deemed to have been given on the date such notice is transmitted by the Bank (which, if notice is mailed, shall be the date when such notice is deposited in the United States mail, postage prepaid, directed to the applicable Director at
      such Director&#8217;s address as it appears on the records of the Bank).</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Quorum; Vote Required for Action</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">A majority of the Directors shall constitute a quorum for the transaction of business. If at any meeting of the Board of Directors there shall be less than a quorum present, a
      majority of those present may adjourn the meeting from time to time until a quorum is obtained, and no further notice thereof need be given other than by announcement at the meeting which shall be so adjourned. The vote of a majority of the Directors
      present at a meeting at which a quorum is present shall be the act of the Board of Directors unless the Certificate of Incorporation or these By-Laws shall require a vote of a greater number.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Compensation</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Unless otherwise restricted by the Certificate of Incorporation or these By-Laws, the Board of Directors shall have the authority to fix the compensation of Directors. Nothing herein
      contained shall be construed to preclude any Director from serving the Bank in any other capacity as an officer, agent or otherwise, and receiving compensation therefor.</div>
    <div><br>
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    <div><font style="font-weight: bold; color: #000000;">Section 10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Action Without Meeting</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Any action required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may be taken without a meeting, if prior to such action a written
      consent thereto is signed by all members of the Board of Directors, or of such committee as the case may be, and such written consent is filed with the minutes of proceedings of the Board of Directors or committee. Action taken under this section is
      the act of the Board of Directors when one or more consents signed by all of the Directors are delivered to the Bank. The consent may specify a later time as the time at which the action taken is to be effective. A Director&#8217;s consent may be withdrawn
      by a revocation signed by the Director and delivered to the Bank before delivery to the Bank of unrevoked written consents signed by all of the Directors. A consent signed under this section has the effect of action taken at a meeting of the Board of
      Directors and may be described as such in any document.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Committees</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">A majority of the Board of Directors shall have the authority to designate one or more committees, each committee to consist of one or more of the Directors of the Bank. The Board of
      Directors may designate one or more Directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. Any committee of the Board of Directors, to the extent provided in the resolutions
      of the Board of Directors or in these By-Laws, shall have and may exercise the powers of the Board of Directors in the management of the business and affairs of the Bank and may authorize the seal of the Bank to be affixed to all papers that may
      require it, in each case to the fullest extent permitted by applicable law. In the absence or disqualification of any member of a committee from voting at any meeting of such committee, the remaining member or members thereof present at such meeting
      and not disqualified from voting, whether or not the remaining member or members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at such meeting in the place of any such absent or disqualified member.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Eligibility</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">No person shall be eligible to serve as Director of the Bank unless such person shall be the owner of shares of stock of the parent holding company of the number and held in the
      manner sufficient to meet the requirements of any applicable law or regulation in effect requiring the ownership of Directors&#8217; qualifying shares.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 13.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Directors Protected</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">In accordance with the Alabama Business Corporation Law, Chapter 2A of Title 10A of the Code of Alabama (1975), or any statute amendatory or supplemental thereof (the &#8220;Corporation
      Law&#8221;) and specifically Section 10A-2A-8.30, each Director shall, in the performance of his or her duties, be fully protected in relying in good faith upon information, opinions, reports or statements, including financial statements and other
      financial data, made to the Directors by the officers or employees of the Bank; legal counsel, public accountants, certified public accountants or other persons as to matters the Director reasonably believes are within the person&#8217;s professional or
      expert competence; or a committee of the Board of Directors of which he or she is not a member if the Director reasonably believes the committee merits confidence, or in relying in good faith upon other records or books of account of the Bank.</div>
    <div><br>
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    <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLE IV. OFFICERS</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Officers, Elections, Terms</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The officers of the Bank shall be a Chief Executive Officer; a President; one or more vice presidents or directors (referring in this context to service in an officer capacity), who
      may be designated Senior Executive Vice Presidents, Executive Vice Presidents, Executive Managing Directors, Senior Vice Presidents, Managing Directors, Vice Presidents, Directors, and Assistant Vice Presidents; a Secretary; one or more Assistant
      Secretaries; a Chief Financial Officer; a Controller; an Auditor; and such other officers as may be deemed appropriate. All of such officers shall be appointed annually by the Board of Directors to serve for a term of one (1) year and until their
      respective successors are appointed and qualified or until such officer&#8217;s earlier death, resignation, retirement or removal, except that the Board of Directors may delegate the authority to appoint officers holding the position of Senior Executive
      Vice President and below in accordance with procedures established or modified by the Board from time to time. None of the officers of the Bank need be Directors. More than one office may be held by the same person. The conduct of the business and
      affairs of the Bank by the officers shall be subject to the oversight of the Board of Directors and of any committee of the Board of Directors having authority over the subject matter.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Chief Executive Officer</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Board of Directors shall appoint a Chief Executive Officer of the Bank. The Chief Executive Officer is the most senior executive officer of the Bank, and shall be vested with
      authority to act for the Bank in all matters and shall have general supervision of the Bank and of its business affairs, including authority over the detailed operations of the Bank and over its personnel, with full power and authority during
      intervals between sessions of the Board of Directors to do and perform in the name of the Bank all acts and deeds necessary or proper, in his or her opinion, to be done and performed and to execute for and in the name of the Bank all instruments,
      agreements and deeds that may be authorized to be executed on behalf of the Bank or may be required by law. The Chief Executive Officer may, but need not, also hold the office of President.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>President</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The President shall have, and may exercise, the authority to act for the Bank in all ordinary matters and perform other such duties as directed by the By-Laws, the Board of Directors
      or the Chief Executive Officer. Among the officers of the Bank, the President is subordinate to only the Chief Executive Officer and is senior to the other officers of the Bank. The authority of the President shall include authority over the detailed
      operations of the Bank and over its personnel with full power and authority during intervals between sessions of the Board of Directors to do and perform in the name of the Bank all acts and deeds necessary or proper, in his or her opinion, to be
      done and performed and to execute for and in the name of the Bank all instruments, agreements and deeds that may be authorized to be executed on behalf of the Bank or may be required by law.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Vice Presidents</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The vice presidents or directors, who may be designated as Senior Executive Vice Presidents, Executive Vice Presidents, Executive Managing Directors, Senior Vice Presidents, Managing
      Directors, Vice Presidents, Directors, and Assistant Vice Presidents, shall, subject to the control of the Chief Executive Officer or the President, have and may exercise the authority vested in them in all proper matters, including authority over
      the detailed operations of the Bank and over its personnel.</div>
    <div><br>
    </div>
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    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Chief Financial Officer</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Chief Financial Officer, or his or her designee, shall have and perform such duties as are incident to the office of Chief Financial Officer and such other duties as may from time
      to time be assigned to him or her by the Board of Directors, the Chief Executive Officer or the President.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Secretary and Assistant Secretary</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Secretary shall keep minutes of all meetings of the stockholders and the Board of Directors unless otherwise directed by either of those bodies. The Secretary, or in his or her
      absence, any Assistant Secretary, shall attend to the giving and serving of all notices of the Bank. The Secretary shall perform all of the duties incident to the office of Secretary and shall do and perform such other duties as may from time to time
      be assigned by the Board of Directors, the Chair of the Board of Directors, the Chief Executive Officer or the President.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Controller</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Controller shall, under the direction of the Chief Executive Officer, the President, the Chief Financial Officer or other more senior officer, have general supervision and
      authority over all reports required of the Bank by law or by any public body or officer or regulatory authority pertaining to the condition of the Bank and its assets and liabilities. The Controller shall have general supervision of the books and
      accounts of the Bank and its methods and systems of recording and keeping accounts of its business transactions and of its assets and liabilities. The Controller shall be responsible for preparing statements showing the financial condition of the
      Bank and shall furnish such reports and financial records as may be required of him or her by the Board of Directors or by the Chief Executive Officer, the President, the Chief Financial Officer or other more senior officer.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Auditor</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Auditor&#8217;s office may be filled by an employee of the Bank or his or her duties may be performed by an employee or committee of the parent company of the Bank. The Auditor shall
      have general supervision of the auditing of the books and accounts of the Bank, and shall continuously and from time to time check and verify the Bank&#8217;s transactions, its assets and liabilities, and the accounts and doings of the officers, agents and
      employees of the Bank with respect thereto. The Auditor, whether an employee of the Bank or of its parent, shall be directly accountable to and under the jurisdiction of the Board of Directors and, if applicable, its designated committee, acting
      independently of all officers, agents and employees of the Bank. The Auditor shall render reports covering matters in his or her charge regularly and upon request to the Board and, if applicable, its designated committee.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Other Officers and Agents</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Board of Directors may appoint such other officers and agents as it may deem advisable, such as General Counsel, who shall exercise such powers and perform such duties as shall be
      determined from time to time by the Board of Directors. The functions of a cashier of the Bank may be performed by the Controller or any other officer of the Bank whose area of responsibility includes the function to be performed.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Management Policymaking Committee</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Pursuant to the By-Laws of Regions Financial Corporation, the Chief Executive Officer shall establish and name (and may rename from time to time) an executive management committee to
      develop, publish and implement policies and procedures for the operation of Regions Financial Corporation and its subsidiaries and affiliates, including the Bank.</div>
    <div><br>
    </div>
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    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Officer in Charge of Wealth Management</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The officer in charge of Wealth Management shall be designated as such by the Board of Directors and shall exercise general supervision and management over the affairs of Private
      Wealth Management, Institutional Services and Wealth Management Middle Office, which groups are responsible for exercise of the Bank&#8217;s trust powers. Such officer is hereby empowered to appoint all necessary agents or attorneys; also to make, execute
      and acknowledge all checks, bonds, certificates, deeds, mortgages, notes, releases, leases, agreements, contracts, bills of sale, assignments, transfers, powers of attorney or of substitution, proxies to vote stock, or any other instrument in writing
      that may be necessary in the purchase, sale, mortgage, lease, assignment, transfer, management or handling, in any way of any property of any description held or controlled by the Bank in any fiduciary capacity. Said officer shall have such other
      duties and powers as shall be designated by the Board of Directors.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold; color: #000000;">Section 12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Other Officers in Private Wealth Management, Institutional Services and Wealth Management
          Middle Office</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The officer in charge of Wealth Management shall appoint officers responsible for the activities of Private Wealth Management, Institutional Services and Wealth Management Middle
      Office. Various other officers as designated by the officers responsible for the activities of Private Wealth Management, Institutional Services and Wealth Management Middle Office are empowered and authorized to make, execute and acknowledge all
      checks, bonds, certificates, deeds, mortgages, notes, releases, leases, agreements, contracts, bills of sale, assignments, transfers, powers of attorney or substitution, proxies to vote stock or any other instrument in writing that may be necessary
      to the purchase, sale, mortgage, lease, assignments, transfer, management or handling in any way, of any property of any description held or controlled by the Bank in any fiduciary capacity.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 13.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Removal and Resignation of Officers</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">At its pleasure, the Board of Directors may remove any officer from office at any time by a majority vote of the Board of Directors; provided, however, that the terms of any
      employment or compensation contract shall be honored according to its terms. An individual&#8217;s status as an officer will terminate without the necessity of any other action or ratification immediately upon termination for any reason of the individual&#8217;s
      employment by the Bank. Any officer may resign at any time by delivering notice (whether written or verbal) to the Bank. Such resignation shall be effective immediately unless the notice of resignation specifies a later effective date.</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLE V. MISCELLANEOUS</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Certificates of Stock</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Certificates of stock of the Bank shall be signed by the President and the Secretary of the Bank, which signatures may be represented by a facsimile signature. The certificate may be
      sealed with the seal of the Bank or an engraved or printed facsimile thereof. The certificate represents the number of shares of stock registered in certificate form owned by such holder.</div>
    <div><br>
    </div>
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    <div><br>
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    <div><font style="font-weight: bold; color: #000000;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Lost Certificates</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">In case of the loss or destruction of any certificate of stock, the holder or owner of same shall give notice thereof to the Chief Executive Officer, the President, any Senior
      Executive Vice President or the Secretary of the Bank and, if such holder or owner shall desire the issue of a new certificate in the place of the one lost or destroyed, he or she shall make an affidavit of such loss or destruction and deliver the
      same to any one of said officers and accompany the same with a bond with surety satisfactory to the Bank to indemnify the Bank and save it harmless against any loss, cost or damage in case such certificate should thereafter be presented to the Bank,
      which affidavit and bond shall be, at the discretion of the deciding party listed in this Section 2, unless so ordered by a court having jurisdiction over the matter, approved or rejected by the Board of Directors, the Chief Executive Officer, the
      President or a Senior Executive Vice President before the issue of any new certificate.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Transfer of Shares</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Title to a certificate and to the shares represented thereby can be transferred only by delivery of the certificate endorsed either in blank or to a specified person by the person
      appearing by the certificate to be the owner of the shares represented thereby, or by delivery of the certificate and a separate document containing a written assignment of the certificate or a power of attorney to sell, assign or transfer the same
      or the shares represented thereby, signed by the person appearing by the certificate to be the owner of the shares represented thereby. Such assignment or power of attorney may be either in blank or to a specified person.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Fractional Shares</u>.</font></div>
    <div><br>
    </div>
    <div style="margin-left: 36pt; color: #000000;">No fractional part of a share of stock shall be issued by the Bank.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Stockholders Record Date</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">In order that the Bank may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, or entitled to receive any rights in
      respect of any change, conversion or exchange of stock or for any other lawful action, the Board of Directors may fix, in advance, a record date, which shall not be more than sixty (60) nor less than ten (10) days before the date of such meeting, nor
      more than sixty (60) days prior to any other action. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to adjournment of the meeting; provided, however, that the Board of Directors may
      fix a new record date for the adjourned meeting.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Dividends</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Subject to the provisions of the Certificate of Incorporation, at any regular or special meeting the Board of Directors may, out of funds legally available therefor, declare dividends
      upon the capital stock of the Bank as and when it deems expedient. Before declaring any dividend, there may be set apart out of any fund of the Bank available for dividends, such sum or sums as the Directors, from time to time in their discretion,
      deem proper for working capital; as a reserve fund to meet contingencies; for equalizing dividends; or for such other purposes as the Directors shall deem conducive to the interests of the Bank. No dividends shall be declared that exceed the amounts
      authorized by applicable laws and regulations or are otherwise contrary to law.</div>
    <div><br>
    </div>
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    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Seal</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Bank may have a corporate seal, which shall have the name of the Bank inscribed thereon and shall be in such form as prescribed by the Board of Directors from time to time. The
      seal may also include appropriate descriptors, such as the words: &#8220;An Alabama Banking Corporation.&#8221; The Secretary of the Bank shall have custody of the seal and is authorized to affix the same to instruments, documents and papers as required by law
      or as customary or appropriate in the Secretary&#8217;s judgment and discretion. Without limiting the general authority of the Board of Directors of the Bank to name, appoint, remove and define the duties of officers of the Bank, the Secretary is further
      authorized to cause reproductions of the seal to be made, distributed to and used by officers and employees of the Bank whose duties and responsibilities involve the execution and delivery of instruments, documents and papers bearing the seal of the
      Bank. In this regard, the Secretary is further authorized to establish, implement, interpret and enforce policies and procedures governing the use of the seal and the authorization by the Secretary of officers and employees of the Bank to have
      custody of and to use the seal. Such policies and procedures may include (i) the right of the Secretary to appoint any Bank employee as an Assistant Secretary of the Bank, if such appointment would, in the Secretary&#8217;s judgment, be convenient with
      respect to such employee&#8217;s custody and use of a seal and/or (ii) the right of the Secretary to authorize Bank employees to have and use seals as delegates of the Secretary without appointing such employees as Assistant Secretaries of the Bank.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Fiscal Year</u>.</font></div>
    <div><br>
    </div>
    <div style="margin-left: 36pt; color: #000000;">The fiscal year of the Bank shall be the calendar year.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Checks, Drafts, Transfers, Services, etc</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Chief Executive Officer, the President, any vice president or director, any Assistant Vice President, any Branch Manager, any Financial Relationship Specialist, any Financial
      Relationship Consultant or any other employee designated by the Board of Directors is authorized and empowered on behalf of the Bank and in its name to sign and endorse checks and warrants; to execute and deliver any and all documents that are
      necessary or desirable in connection with the opening of customer deposit accounts with the Bank, including, without limitation, documents associated with establishing treasury management services in connection with deposit accounts; documents
      requested or required by a third party in connection with the opening or rollover of individual retirement accounts to the Bank or otherwise; draw drafts; issue and sign cashier&#8217;s checks; guarantee signatures; give receipts for money due and payable
      to the Bank; and sign such other papers and do such other acts as are necessary in the performance of his or her duties. The authority conveyed to any employee designated by the Board of Directors may be limited by general or specific resolution of
      the Board of Directors.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Notice and Waiver of Notice</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Whenever any notice whatever is required to be given under the provisions of any law or under the provisions of the Certificate of Incorporation of the Bank or these By-Laws, a waiver
      thereof in writing, signed by the person or persons entitled to notice, whether before or after the time stated therein, shall be deemed equivalent thereto. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting,
      except when the person attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of business at the meeting because the meeting is not lawfully called or convened.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Right of Indemnity.</u></font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; color: #000000;">To the full extent provided for and in accordance with the Corporation Law, and specifically Section 10A-2A-8.50 <font style="font-style: italic;">et seq.</font>, the Bank shall indemnify and hold
      harmless each Director and each officer now or hereafter serving the Bank against any loss and reasonable expenses actually and necessarily incurred by him or her in connection with the defense of any claim, or any action, suit or proceeding against
      him or her or in which he or she is made a party, by reason of him or her being or having been a Director or officer of the Bank, or who, while a Director or officer of the Bank, is or was serving at the Bank&#8217;s request as a director, officer,
      partner, trustee, employee or agent of another foreign or domestic corporation, partnership, joint venture, trust, employee benefit plan or other enterprise. Such right of indemnity shall not be deemed exclusive of any other rights to which such
      Director or officer may be entitled under any statute, article of incorporation, rule of law, other bylaw, agreement, vote of stockholders or directors, or otherwise. Nor shall anything herein contained restrict the right of the Bank to indemnify or
      reimburse any officer or Director in any proper case even though not specifically provided for herein.</div>
    <div><br>
    </div>
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    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Notwithstanding anything to the contrary, the Bank shall not make or agree to make any indemnification payment to a Director or officer or any other institution-affiliated party (as
      such term is defined in 12 CFR &#167; 359.1) with respect to (i) any civil money penalty or judgment resulting from any administrative or civil action instituted by any federal banking agency, except in full compliance with 12 CFR Part 359, (ii) any
      assessment, order of restitution, penalty or similar liability imposed under authority of the Banking Code, or (iii) any liability for violation of Section 10A-2A-8.32 of the Corporation Law.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">In advance of final disposition, the Bank may, but is not required to, pay for or reimburse the reasonable expenses incurred by a person who may become eligible for indemnification
      under this Article V, Section 11, provided the conditions set forth in Section 10A-2A-8.53 of the Corporation Law (and, if applicable, 12 CFR &#167; 359.5) shall have been satisfied.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Bank may purchase and maintain insurance on behalf of said Directors or officers against liability asserted against or incurred by a Director or officer acting in such capacity as
      described in these By-Laws. Such insurance coverage shall not be used to pay or reimburse a person for the cost of (i) any judgment or civil money penalty assessed against such person in an administrative proceeding or civil action commenced by any
      federal banking agency or (ii) any assessment or penalty imposed under authority of the Banking Code. Such insurance coverage may be used to pay any legal or professional expenses incurred in connection with such proceeding or action or the amount of
      any restitution to the Bank. Any insurance coverage of legal or professional expenses will be coordinated with the Bank&#8217;s determination whether to advance expenses in advance of final disposition, taking into account the terms and conditions of the
      coverage and the requirements of Section 10A-2A-8.53 of the Corporation Law.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Execution of Instruments and Documents</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Chief Executive Officer; the President; any Senior Executive Vice President, Executive Vice President, Senior Vice President or Vice President; or any officer holding the title of
      Executive Managing Director, Managing Director or Director is authorized, in his or her discretion, to do and perform any and all corporate and official acts in carrying on the business of the Bank, including, but not limited to, the authority to
      make, execute, acknowledge, accept and deliver any and all deeds, mortgages, releases, bills of sale, assignments, transfers, leases (as lessor or lessee), powers of attorney or of substitution, servicing or sub-servicing agreements, vendor
      agreements, contracts, proxies to vote stock or any other instrument in writing that may be necessary in the purchase, sale, lease, assignment, transfer, discount, management or handling in any way of any property of any description held, controlled
      or used by Bank or to be held, controlled or used by Bank, either in its own or in its fiduciary capacity and including the authority from time to time to open bank accounts with the Bank or any other institution; to borrow money in such amounts for
      such lengths of time, at such rates of interest and upon such terms and conditions as any said officer may deem proper and to evidence the indebtedness thereby created by executing and delivering in the name of the Bank promissory notes or other
      appropriate evidences of indebtedness; and to guarantee the obligations of any subsidiary or affiliate of the Bank. The enumeration herein of particular powers shall not restrict in any way the general powers and authority of said officers.</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">By way of example and not limitation, such officers of the Bank are authorized to execute, accept, deliver and issue, on behalf of the Bank and as binding obligations of the Bank,
      such agreements and instruments as may be within the officer&#8217;s area of responsibility, including, as applicable, agreements and related documents (such as schedules, confirmations, transfers, assignments, acknowledgments and other documents) relating
      to derivative transactions, loan or letter of credit transactions, syndications, participations, trades, purchase and sale or discount transactions, transfers and assignments, servicing and sub-servicing agreements, vendor agreements, contracts,
      securitizations and transactions of whatever kind or description arising in the conduct of the Bank&#8217;s business.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The authority to execute and deliver documents, instruments and agreements may be limited by resolution of the Board of Directors or a committee of the Board of Directors, by the
      Chief Executive Officer or by the President, by reference to subject matter, category, amount, geographical location or any other criteria and may be made subject to such policies, procedures and levels of approval as may be adopted or amended from
      time to time.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 13.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Voting Bank&#8217;s Securities</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Unless otherwise ordered by the Board of Directors, the Chief Executive Officer, the President, any Executive Vice President or Executive Managing Director or above, the Controller,
      the Bank&#8217;s General Counsel and any other officer as may be designated by the Board of Directors shall have full power and authority on behalf of the Bank (i) to attend and to act and vote or (ii) to execute a proxy or proxies empowering others to
      attend and to act and vote, at any meetings of security holders of any of the corporations, partnerships, limited liability companies or other entities in which the Bank may hold securities and, at such meetings, such officer shall possess and may
      exercise any and all rights and powers incident to the ownership of such securities which, as the owner thereof, the Bank might have possessed and exercised, if present.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 14.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Bonds of Officers and Employees</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Board of Directors shall, pursuant to the Banking Code, designate the officers and employees who shall be required to give bond and fix the amounts thereof.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 15.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Satisfaction of Loans</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">On payment of sums lent, for which security shall have been taken either by way of mortgage or other lien on real or personal property or by the pledge of collateral, whether said
      loans have been made from funds of the Bank or from funds held in fiduciary capacity, any officer of the Bank shall have the power and authority to sign or execute any and all collateral release documents that may be necessary or desirable for the
      purpose of releasing property or property rights held by the Bank as collateral for obligations to the Bank that are paid in full or otherwise satisfied or settled and enter the fact of payment or satisfaction on the margin of the record of any such
      security or in any other legal manner to cancel such indebtedness and to release said security, and the Chief Executive Officer, the President or any Vice President or Director of the Bank shall have power and authority to execute a power of attorney
      authorizing the cancellation, release or satisfaction of any mortgage or other security given to the Bank in its corporate or fiduciary capacity, by such person as he or she may in his or her discretion appoint.</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLE VI. AMENDMENTS</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">Except as otherwise provided herein or in the Certificate of Incorporation of the Bank, these By-Laws may be amended or repealed by the affirmative vote of a majority of the Directors
      then holding office at any regular or special meeting of the Board of Directors, and the stockholders may make, alter or repeal any By-Laws, whether or not adopted by them.</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLE VII. EMERGENCY BY-LAWS</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Emergency By-Laws</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">This Article VII shall be operative if a quorum of the Bank&#8217;s Directors cannot readily be assembled because of some catastrophic event (an &#8220;emergency&#8221;), notwithstanding any different
      or conflicting provisions in these By-Laws, the Certificate of Incorporation or the Code of Alabama. To the extent not inconsistent with the provisions of this Article VII, the By-Laws provided in the other Articles of these By-Laws and the
      provisions of the Certificate of Incorporation shall remain in effect during such emergency, and upon termination of such emergency, the provisions of this Article VII shall cease to be operative.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Meetings</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">During any emergency, a meeting of the Board of Directors, or any committee thereof, may be called by any member of the Board of Directors, the President, a Senior Executive Vice
      President, the Secretary or an Assistant Secretary. Notice of the time and place of the meeting shall be given by any available means of communication by the individual calling the meeting to such of the Directors and/or Designated Officers, as
      defined in Section 3 of this Article VII, as it may be feasible to reach. Such notice shall be given at such time in advance of the meeting as, in the judgment of the individual calling the meeting, circumstances permit. As a result of such
      emergency, the Board of Directors may determine that a meeting of stockholders not be held at any place, but instead be held solely by means of remote communication in accordance with the Corporation Law.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Quorum</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">At any meeting of the Board, or any committee thereof, called in accordance with Section 2 of this Article VII, the presence or participation of two Directors or one Director and a
      Designated Officer shall constitute a quorum for the transaction of business. In the event that no Directors are able to attend the meeting of the Board of Directors, then the Designated Officers in attendance shall serve as directors for the
      meeting, without any additional quorum requirement and will have full powers to act as directors of the Bank.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The Board of Directors or the committees thereof, as the case may be, shall, from time to time but in any event prior to such time or times as an emergency may have occurred,
      designate the officers of the Bank in a numbered list (the &#8220;Designated Officers&#8221;) who shall be deemed, in the order in which they appear on such list, directors of the Bank for purposes of obtaining a quorum during an emergency, if a quorum of
      Directors cannot otherwise be obtained.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>By-Laws</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">At any meeting called in accordance with Section 2 of this Article VII, the Board of Directors or a committee thereof, as the case may be, may modify, amend or add to the provisions
      of this Article VII so as to make any provision that may be practical or necessary for the circumstances of the emergency.</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Liability</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">No officer, Director or employee of the Bank acting in accordance with the provisions of this Article VII shall be liable except for willful misconduct.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Repeal or Change</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The provisions of this Article VII shall be subject to repeal or change by further action of the Board of Directors or by action of the stockholders, but no such repeal or change
      shall modify the provisions of Section 5 of this Article VII with regard to action taken prior to the time of such repeal or change.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold; color: #000000;">Section 7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: #000000;"><u>Continued Operations</u>.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">In the event of an emergency declared by the President of the United States or the person performing his or her functions, the officers and employees of the Bank will continue to
      conduct the affairs of the Bank under such guidance from the Directors as may be available except as to matters which by statute require specific approval of the Board of Directors and subject to conformance with any governmental directives or
      directives of the Federal Deposit Insurance Corporation during the emergency.</div>
    <div><br>
    </div>
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    </div>
    <div><br>
    </div>
    <div style="text-align: center; margin-right: 36pt;">EXHIBIT 6</div>
    <div><br>
    </div>
    <div style="text-align: center; margin-right: 36pt;">CONSENT</div>
    <div><br>
    </div>
    <div style="margin-right: 36pt;">In accordance with Section 321 (b) of the Trust Indenture Act of 1939, Regions Bank hereby consents that reports of examination of Regions Bank by Federal, State, Territorial or District regulatory authorities may be
      furnished by such regulatory authorities to the Securities and Exchange Commission upon request therefor.</div>
    <div><br>
    </div>
    <div style="margin-right: 36pt;">Dated: May 5, 2023</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z25193c00d8ed40a9b191e423b631f500">

        <tr>
          <td style="width: 63.42%; vertical-align: top;">&#160;</td>
          <td style="width: 36.58%; vertical-align: top;">
            <div>REGIONS BANK</div>
          </td>
        </tr>
        <tr>
          <td style="width: 63.42%; vertical-align: top;">&#160;</td>
          <td style="width: 36.58%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 63.42%; vertical-align: top;">&#160;</td>
          <td style="width: 36.58%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 63.42%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 36.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Kristine Prall</div>
          </td>
        </tr>
        <tr>
          <td style="width: 63.42%; vertical-align: top;">&#160;</td>
          <td style="width: 36.58%; vertical-align: top;">
            <div>Kristine Prall</div>
          </td>
        </tr>
        <tr>
          <td style="width: 63.42%; vertical-align: top;">&#160;</td>
          <td style="width: 36.58%; vertical-align: top;">
            <div>Vice President</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">EXHIBIT 7</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Consolidated Report of Condition for Insured Banks</div>
    <div style="text-align: center; font-weight: bold;">and Savings Associations</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">REGIONS BANK</div>
    <div><br>
    </div>
    <div style="text-align: center;">As of the close of business on December 31, 2022:</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" class="cfttable" id="z9cd521b1de54490181840b93bd040dec" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: top; border-top: #000000 solid 2px; padding-bottom: 2px;">
            <div style="font-weight: bold;">ASSETS</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-top: #000000 solid 2px; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold; text-align: right;">Thousands of Dollars</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Cash and balances due from depository institutions:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="color: #000000;">12,071,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="font-weight: bold;">Securities:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>29,057,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Federal funds sold and securities purchased under agreement to resell:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="font-weight: bold;">Loans and leases held for sale:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>338,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Loans and leases net of unearned income and allowance:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>95,545,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="font-weight: bold;">Trading Assets:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>16,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Premises and fixed assets:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>2,177,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="font-weight: bold;">Other real estate owned:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>12,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Investments in unconsolidated subsidiaries and associated companies:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>129,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="font-weight: bold;">Direct and indirect investments in real estate ventures:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Intangible assets:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>6,337,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="font-weight: bold;">Other assets:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>8,521,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Total Assets:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
            <div>154,203,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
        </tr>

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        <tr>
          <td valign="bottom" style="vertical-align: top; border-top: #000000 solid 2px; padding-bottom: 2px;">
            <div style="font-weight: bold;">LIABILITIES</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-top: #000000 solid 2px; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;">
            <div style="font-weight: bold; text-align: right;">Thousands of Dollars</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Deposits</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>133,792,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="text-indent: -17.1pt; margin-left: 17.1pt; font-weight: bold;">Federal funds purchased and securities sold under agreements to repurchase</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Trading liabilities:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="font-weight: bold;">Other borrowed money:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>9,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Subordinated notes and debentures:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>496,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="font-weight: bold;">Other Liabilities:</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>4,768,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Total Liabilities</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">
            <div>139,065,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" class="cfttable" id="z5f31f2d61fa444a0ba53e65847816a1a" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: top; border-top: #000000 solid 2px; padding-bottom: 2px;">
            <div style="font-weight: bold;">EQUITY CAPITAL</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; border-top: #000000 solid 2px; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;">
            <div style="font-weight: bold; text-align: right;">Thousands of Dollars</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Common Stock</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="font-weight: bold;">Surplus</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>16,399,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Retained Earnings</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>2,078,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%;">
            <div style="font-weight: bold;">Accumulated other comprehensive income</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>-3,343,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
            <div style="font-weight: bold;">Total Equity Capital</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div>15,138,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px;">
            <div style="font-weight: bold;">Total Liabilities and Equity Capital</div>
          </td>
          <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
            <div style="font-weight: bold;">154,203,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
        </tr>

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<DOCUMENT>
<TYPE>EX-25.2
<SEQUENCE>7
<FILENAME>ex25-2.htm
<DESCRIPTION>STATEMENT OF ELIGIBILITY OF TRUSTEE ON FORM T-1
<TEXT>
<html>
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  <div>
    <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit 25.2</font><br>
    </div>
    <div><br>
    </div>
    <div>
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
    <div><br>
    </div>
    <div>
      <div>
        <div style="text-align: center; color: #000000;">UNITED STATES</div>
      </div>
      <div style="text-align: center; color: #000000;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000;">Washington, D.C.&#160; 20549</div>
      <div style="text-align: center; color: #000000;"><br>
      </div>
      <div>
        <hr align="center" noshade="noshade" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000;">FORM T-1</div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000;">STATEMENT OF ELIGIBILITY</div>
      <div style="text-align: center; color: #000000;">UNDER THE TRUST INDENTURE ACT OF 1939 OF A</div>
      <div style="text-align: center; color: #000000;">CORPORATION DESIGNATED TO ACT AS TRUSTEE</div>
      <div style="text-align: center; color: #000000;"><br>
      </div>
      <div>
        <hr align="center" noshade="noshade" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
      <div><br>
      </div>
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          <tr>
            <td style="width: 2%; vertical-align: top;">
              <div style="color: #000000;">___</div>
            </td>
            <td style="width: 60%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">REGIONS BANK</div>
      <div style="text-align: center; color: #000000;">(Exact name of trustee as specified in its charter)</div>
      <div><br>
      </div>
      <table align="center" cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 80%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z1c4986d052ed44f587e7226e93496766">

          <tr>
            <td style="width: 25%; vertical-align: top;">
              <div style="color: #000000; font-weight: bold;">Alabama</div>
              <div style="color: #000000;">(Jurisdiction of incorporation or organization if not a U.S. national bank)</div>
            </td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">
              <div style="color: #000000; font-weight: bold;">63-0371391</div>
              <div style="color: #000000;">(I.R.S. Employer Identification No.)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">
              <div style="color: #000000; font-weight: bold;">1900 Fifth Avenue North</div>
              <div style="color: #000000; font-weight: bold;">Birmingham, AL</div>
              <div style="color: #000000;">(Address of principal executive offices)</div>
            </td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">35203</div>
              <div style="color: #000000;">(Zip code)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Regions Bank</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">1180 West Peachtree Street</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Atlanta, GA 30309</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">(404) 581-3770</div>
      <div style="text-align: center; color: #000000;">(Name, address and telephone number of agent for service)</div>
      <div style="text-align: center; color: #000000;"><br>
      </div>
      <div>
        <hr align="center" noshade="noshade" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">MARTIN MARIETTA MATERIALS, INC.</div>
      <div style="text-align: center; color: #000000;">(Exact name of obligor as specified in its charter)</div>
      <div><br>
      </div>
      <table align="center" cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 80%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="zeaa51679d50a4d1da36f749d09df03b7">

          <tr>
            <td style="width: 25%; vertical-align: top;">
              <div style="color: #000000; font-weight: bold;">North Carolina</div>
              <div style="color: #000000;">(State or other jurisdiction of incorporation or organization)</div>
            </td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">
              <div style="color: #000000; font-weight: bold;">56-1848578</div>
              <div style="color: #000000;">(I.R.S. Employer</div>
              <div style="color: #000000;">Identification No.)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">
              <div style="color: #000000; font-weight: bold;">2710 Wycliff Road</div>
              <div style="color: #000000; font-weight: bold;">Raleigh, NC</div>
              <div style="color: #000000;">(Address of principal executive offices)</div>
            </td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="color: #000000; font-weight: bold;">27607</div>
              <div style="color: #000000;">(Zip code)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>
        <div style="text-align: center; color: #000000;"><br>
        </div>
        <div>
          <hr align="center" noshade="noshade" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">SUBORDINATED DEBT SECURITIES</div>
      <div style="text-align: center; color: #000000;">(Titles of the indenture securities)</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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      </div>
      <div><br>
      </div>
      <div><font style="color: #000000;">Item 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: #000000;"><u>General Information.</u>&#160; Furnish the following information as to the trustee:</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze1b4e988184340ddb8227a25dd62d95a">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(a)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">Name and address of each examining or supervising authority to which it is subject.</div>
              <div style="color: #000000;"> <br>
              </div>
              <div style="color: #000000;">
                <div style="color: rgb(0, 0, 0);">State of Alabama State Banking Department</div>
                <div style="color: rgb(0, 0, 0);">PO Box 4600</div>
                <div style="color: rgb(0, 0, 0);">Montgomery, AL 36103-4600</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">Federal Deposit Insurance Corporation</div>
                <div style="color: rgb(0, 0, 0);">Washington, D.C.</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">Federal Reserve Bank of Atlanta</div>
                <div style="color: rgb(0, 0, 0);">Atlanta, Georgia 30309</div>
              </div>
            </td>
          </tr>

      </table>
      <br>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbc99b501efb64dc288f9b484a8f77647">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; color: #000000;">(b)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">Whether it is authorized to exercise corporate trust powers.</div>
              <div style="color: #000000;"><br>
                Yes.<br>
              </div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb5e18d29d709406e9bc56f1ef26dba02">

          <tr>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Item 2.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;"><u>Affiliations with Obligor.</u>&#160; If the obligor is an affiliate of the trustee, describe each such affiliation.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 36pt; margin-left: 36pt; color: #000000;">None with respect to the trustee.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5b574a51499c4f568639cd7c3695296d">

          <tr>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Items 3-15.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">No responses are included for Items 3 through 15.&#160; Responses to those Items are not required because, as provided in General Instruction B the obligor is not in default on any securities issued under indentures
                under which Regions Bank is a trustee.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc509884cc0194860b133f917709c39cc">

          <tr>
            <td style="width: 144pt; vertical-align: top;"><font style="color: #000000;">Item 16.&#160; <u>List of Exhibits.</u></font></td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">List below all exhibits filed as a part of this Statement of Eligibility.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z96ba40cbbb3d41b38a36a843b79a9610">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 1.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">A copy of the Articles of Incorporation of the trustee now in effect.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbb1fab7e6315417e9258969477dfd4ae">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 2.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">The authority of Regions Bank to commence business was granted under the Articles of Incorporation for Regions Bank, incorporated herein by reference to Exhibit 1 of Form T-1.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze0442cf949b645ee90b13d18a38125b5">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 3.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">The authorization to exercise corporate trust powers was granted under the Articles of Incorporation for Regions Bank, incorporated herein by reference to Exhibit 1 of Form T-1.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcd9a068b5c0a4e0596b080f4f8b3855b">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 4.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">A copy of the bylaws of the trustee as now in effect.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z96edb55e26cb45f2bb88ba319f1a3a79">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 5.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">Not applicable.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9629fa0aeff94e7496a12aec7441dd87">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 6.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">The consent of the trustee required by Section 321(b) of the Act.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z278af0fb2ac24bec95e38a96243d6762">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 7.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5601f49d61894d729397f4f00ddb6def">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 8.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">Not applicable.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8b4500bfe88049f891523039060507ad">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 72pt; vertical-align: top; color: #000000;">Exhibit 9.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: #000000;">Not applicable.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000;">SIGNATURE</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="color: #000000;">Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Regions Bank, a state chartered bank under the laws of Alabama, has duly caused this statement of eligibility to be signed on its
        behalf by the undersigned, thereunto duly authorized, all in the City of Atlanta and State of Georgia on May 5, 2023.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z8fc8e8a8b39e4aa08f6aa5c635cb79bf">

          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;" colspan="2">
              <div style="color: #000000;">REGIONS BANK</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">/s/ Kristine Prall</div>
            </td>
            <td style="width: 25%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;" colspan="2">
              <div style="color: #000000;">Kristine Prall</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;" colspan="2">
              <div style="color: #000000;">Vice President</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <br>
      <div style="text-align: center;">EXHIBIT 1</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLES OF AMENDMENT TO THE</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">ARTICLES OF INCORPORATION</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">OF</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">REGIONS BANK</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">an Alabama banking corporation</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;">Pursuant to the provisions of Section 10A-1-3.13 and Sections 10A-2-10.01 through 10A-2-10.09 of the Alabama Business and Nonprofit Entities Code, as amended,
        (the &#8220;Law&#8221;), the undersigned banking corporation adopts the following Articles of Amendment to its Articles of Incorporation:</div>
      <div><br>
      </div>
      <div style="margin-right: 93.6pt; margin-left: 36pt; color: #000000;"><font style="font-weight: bold;">FIRST: </font>The name of the banking corporation is Regions Bank (the &#8220;Bank&#8221;).</div>
      <div><br>
      </div>
      <div style="margin-right: 93.6pt; margin-left: 36pt; color: #000000;"><font style="font-weight: bold;"><u>SECOND:</u></font> The Bank is an Alabama banking corporation.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;"><font style="font-weight: bold;">THIRD: </font>The Restated Articles of Incorporation of the Bank were filed with the Office of the Judge of Probate of
        Jefferson County, Alabama on October 28, 2014. The Alabama Entity ID Number of the Bank is 006-854.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;"><font style="font-weight: bold;"><u>FOURTH:</u></font> The Second Amended and Restated Certificate of Incorporation, attached hereto as <u>Exhibit A</u> and
        incorporated herein by this reference, is hereby adopted as the articles of incorporation of the Bank.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;"><font style="font-weight: bold;"><u>FIFTH:</u></font> The Second Amended and Restated Certificate of Incorporation was adopted and approved by the Board of
        Directors of the Bank at a meeting duly called and held on July 22, 2020 and by the sole shareholder of the Bank pursuant to an action by written consent dated as of July 22, 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt; color: #000000;"><font style="font-weight: bold;">SIXTH: </font>The designation, number of outstanding shares, and number of votes entitled to be cast by the sole shareholder
        on the Second Amended and Restated Certificate of Incorporation were as follows:</div>
      <div><br>
      </div>
      <table align="left" cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="zc0ff39fd355b488d93577b2b89db56d8">

          <tr>
            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Shares</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Outstanding</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Entitled to Vote</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 15%; vertical-align: top;">
              <div>Common Stock,</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: center;">21,546</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: center;">21,546</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 15%; vertical-align: top;">
              <div>par value $5.00</div>
            </td>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div style="clear: both;"><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; color: #000000;"><font style="font-weight: bold;"><u>SEVENTH:</u></font> The number of shares entitled to vote on the Second Amended and Restated Certificate of Incorporation that voted FOR the
        Second Amended and Restated Certificate of Incorporation and the number of shares entitled to vote on the Second Amended and Restated Certificate of Incorporation that voted AGAINST the Second Amended and Restated Certificate of Incorporation were
        as follows:</div>
      <div><br>
      </div>
      <table align="left" cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="zed80fc75fb5b4d6980d757c57f84ba66">

          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 15%; vertical-align: bottom;">
              <div style="font-weight: bold; text-align: center;"><u>Shares</u></div>
            </td>
            <td style="width: 15%; vertical-align: bottom;">
              <div style="font-weight: bold; text-align: center;">Total Voted</div>
              <div style="font-weight: bold; text-align: center;"><u>FOR</u></div>
            </td>
            <td style="width: 15%; vertical-align: bottom;">
              <div style="font-weight: bold; text-align: center;">Total Voted</div>
              <div style="font-weight: bold; text-align: center;"><u>AGAINST</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
            <td style="width: 15%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 15%; vertical-align: top;">
              <div>Common Stock</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: center;">21,546</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: center;">0</div>
            </td>
          </tr>

      </table>
      <div style="clear: both;"><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; color: #000000;"><font style="font-weight: bold;"><u>EIGHTH:</u></font> The number of shares that voted FOR the Second Amended and Restated Certificate of Incorporation was sufficient for approval
        thereof by the sole shareholder of the Bank, as required by the Law and the Articles of Incorporation.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; color: #000000;"><font style="font-weight: bold;">NINTH: </font>The original written approval issued by the Superintendent of the Alabama State Banking Department with respect to the Second Amended
        and Restated Certificate of Incorporation is attached hereto as <u>Exhibit B</u> and recorded herewith.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">IN WITNESS WHEREOF, </font>the Bank has caused these Articles of Amendment to the Articles of Incorporation of the Bank to be executed in its name and on its
        behalf as of August 6, 2020.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zecd05d38a10443c8bc4b3d0b08502c66">

          <tr>
            <td style="width: 59.24%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.13%; vertical-align: top;">
              <div style="font-weight: bold;">&#160;&#160;BANK:</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.24%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.13%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 59.24%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.13%; vertical-align: top;">
              <div>REGIONS BANK</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.24%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.13%; vertical-align: top;">
              <div>an Alabama banking corporation</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.24%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.13%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 59.24%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
              <div>By:</div>
            </td>
            <td style="width: 34.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>/<font style="font-style: italic;">s/ Hope D. Mehlman</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.24%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.13%; vertical-align: top;">
              <div>Hope D. Mehlman</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.24%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.13%; vertical-align: top;">
              <div>Executive Vice President, Corporate Secretary, Chief Governance Officer, and Deputy General Counsel</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="font-size: 9pt;">This instrument prepared by:</div>
      <font style="font-size: 9pt;"> </font>
      <div><font style="font-size: 9pt;"><br>
        </font> </div>
      <font style="font-size: 9pt;"> </font>
      <div style="font-size: 9pt;">Andrew S. Nix</div>
      <font style="font-size: 9pt;"> </font>
      <div style="font-size: 9pt;">Maynard, Cooper &amp; Gale, P.C.</div>
      <font style="font-size: 9pt;"> </font>
      <div style="font-size: 9pt;">1901 Sixth Avenue North</div>
      <font style="font-size: 9pt;"> </font>
      <div style="font-size: 9pt;">2400 Regions/Harbert Plaza</div>
      <font style="font-size: 9pt;"> </font>
      <div style="font-size: 9pt;">Birmingham, AL 35203</div>
      <font style="font-size: 9pt;"> </font>
      <div style="font-size: 9pt;">(205) 254-1000</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;"><u>EXHIBIT A</u></div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Second Amended and Restated Certificate of Incorporation</div>
      <div><br>
      </div>
      <div style="text-align: center;">(attached)</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">SECOND AMENDED AND RESTATED CERTIFICATE OF INCORPORATION</div>
      <div style="text-align: center; font-weight: bold;">OF</div>
      <div style="text-align: center; font-weight: bold;">REGIONS BANK</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8406471fec574376a290de41b1192721">

          <tr>
            <td style="width: 10.8pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">1.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The name of this corporation shall be Regions Bank. The corporation is a domestic banking corporation.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z498da5b8aef94f08b3b4bbcb26be8059">

          <tr>
            <td style="width: 10.8pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">2.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The principal place of business of the corporation shall be 1900 Fifth Avenue North, Birmingham, Alabama 35203. The general business of Regions Bank (the &#8220;Bank&#8221;) shall be conducted at its main office and its branches and other
                facilities.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5bbd76572d8149a5adf0406468722968">

          <tr>
            <td style="width: 10.8pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">3.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Bank shall have the following objects, purposes and powers:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd2e9c70e293d45d3a2862baefa7dbc9d">

          <tr>
            <td style="width: 46.8pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">a.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>To be and serve as an Alabama banking corporation pursuant to the Alabama Banking Code, Section 5-1A-1 <font style="font-style: italic;">et seq. </font>of the Code of Alabama 1975, as amended (together with any act amendatory thereof,
                supplementary thereto or substituted therefor, hereinafter referred to as the &#8220;Banking Code&#8221;), with all the power and authority that may be exercised by an Alabama banking corporation.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z86949797a59a47c3bb9463280da88d02">

          <tr>
            <td style="width: 46.8pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">b.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>To engage in any lawful business, act or activity for which a banking corporation may be organized under Alabama law, it being the purpose and intent of this section to invest the Bank with the broadest objects, purposes and powers
                lawfully permitted an Alabama banking corporation.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z57a56159c6fc488298f92ea1e6093aad">

          <tr>
            <td style="width: 46.8pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">c.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>To engage in any lawful business, act or activity for which a corporation may be organized under the Alabama Business Corporation Law of 2019, Section 10A-2A-1.01 <font style="font-style: italic;">et seq. </font>of the Code of Alabama
                1975, as amended (together with any act amendatory thereof, supplementary thereto or substituted therefor, hereinafter referred to as the &#8220;ABCL&#8221;), to the extent not inconsistent with the provisions of the Banking Code or any other
                regulation of a banking corporation in the State of Alabama.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z507b157afd184203955e0703b3aa7865">

          <tr>
            <td style="width: 46.8pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">d.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Without limiting the scope and generality of the foregoing, the Bank shall have the following specific objects, purposes and powers:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5323578bac7f4894ba24690b8822a667">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">i.</td>
            <td style="width: auto; vertical-align: top;">
              <div>To conduct a general banking business through such means and at such places as the Board of Directors may deem proper.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z79d8b5f1f28d4a2f97b23983839c08da">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">ii.</td>
            <td style="width: auto; vertical-align: top;">
              <div>To sue and be sued, complain and defend, in its corporate name.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4ecd1c36f088437584cb210bb191edb3">

          <tr>
            <td style="width: 108pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">iii.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>To have a corporate seal which may be altered at pleasure, and to use the same by causing it, or a facsimile thereof, to be impressed or affixed or in any other manner reproduced.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div><br>
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      <table cellspacing="0" cellpadding="0" border="0" id="z83f1d77d69f04f8a8545441b44f5fee2" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>iv.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To purchase, take, receive, lease or otherwise acquire, own, hold, improve, use and otherwise deal in and with, real or personal property, or any interest therein, wherever situated.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 87.67%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>v.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To sell, convey, mortgage, pledge, lease, exchange, transfer and otherwise dispose of all or any part of its property and assets, subject to the limitations hereinafter prescribed.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 87.67%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>vi.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To lend money and use its credit to assist its employees.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 87.67%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>vii.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To purchase, take, receive, subscribe for or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge or otherwise dispose of, and otherwise use and deal in and with, shares or other interests in, or obligations of,
                other domestic or foreign corporations, associations, partnerships or individuals, or direct or indirect obligations of the United States or of any other government, state, territory, governmental district or municipality or of any
                instrumentality thereof as may be permitted by law or appropriate regulations.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 87.67%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>viii.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To make contracts, guarantees and indemnity agreements and incur liabilities, borrow money at such rates of interest as the corporation may determine, issue its notes, bonds and other obligations, and secure any of its obligations by
                mortgage, pledge of or creation of security interests in, all or any of its property, franchises or income, or any interest therein.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 87.67%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>ix.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To lend money for its corporate purposes, invest and reinvest its funds and take and hold real and personal property as security for the payment of funds so loaned or invested.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 87.67%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>x.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To conduct its business, carry on its operations and have offices and exercise the powers granted by this section, within or without the State of Alabama.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 87.67%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>xi.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To elect or appoint and remove officers and agents of the Bank, define their duties and fix their compensation.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 87.67%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>xii.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To make and alter by its board of directors by-laws not inconsistent with its certificate of incorporation or with the laws of the State of Alabama for the administration and regulation of the affairs of the Bank.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 87.67%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>xiii.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To make donations for the public welfare or for charitable, scientific or educational purposes.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 87.67%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">
              <div>xiv.</div>
            </td>
            <td style="width: 87.67%; vertical-align: top;">
              <div>To transact any lawful business which the board of directors shall find will be in aid of governmental policy.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      <table cellspacing="0" cellpadding="0" border="0" id="z281555a046f34d4cbb46656737c85c23" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xv.</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>To pay pensions and establish pension plans, pension trusts, profit sharing plans, stock bonus plans, stock option plans and other incentive plans for any or all of its directors, officers and employees.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xvi.</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>To be a promoter, incorporator, partner, member, trustee, associate or manager of any domestic or foreign corporation, partnership, joint venture, trust or other enterprise.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xvii.</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>To consolidate or merge, before or after the completion of its works, with any other foreign or domestic corporation or corporations engaged in the business of banking or trust companies doing a banking business.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xviii.</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>To discount bills, notes or other evidences of debt.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xix.</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>To receive and pay out deposits, with or without interest, pay checks and impose charges for any services.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xx.</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>To receive on special deposit money, bullion or foreign coins or bonds or other securities.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xxi.</div>
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            <td style="width: 87%; vertical-align: top;">
              <div>To buy and sell foreign and domestic exchanges, gold and silver bullion or foreign coins, bonds, bills of exchange, notes and other negotiable paper.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xxii.</div>
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            <td style="width: 87%; vertical-align: top;">
              <div>To lend money on personal security or upon pledges of bonds, stocks or other negotiable securities.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xxiii.</div>
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              <div>To take and receive security by mortgage, security or otherwise on property, real and personal.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xxiv.</div>
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              <div>To become trustee for any purpose and be appointed and act as executor, administrator, guardian, receiver or fiduciary.</div>
            </td>
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          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xxv.</div>
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            <td style="width: 87%; vertical-align: top;">
              <div>To lease real and personal property upon specific request of a customer, provided that it complies with any applicable laws of the State of Alabama regulating leasing real property or improvements thereon to others.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xxvi.</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>To perform computer, management and travel agency services for others.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xxvii.</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>To subscribe to the capital stock and become a member of the Federal Reserve System and comply with rules and regulations thereof</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 87%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>xxviii.</div>
            </td>
            <td style="width: 87%; vertical-align: top;">
              <div>To do business and exercise directly or through operating subsidiaries any powers incident to the business of banks.</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; margin-left: 7.2pt;"> <br>
      </div>
      <div style="text-align: justify; margin-left: 7.2pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The duration of the corporation shall be perpetual.</div>
      <div><br>
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      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
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          <tr>
            <td style="width: 7.2pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">5.</td>
            <td style="width: auto; vertical-align: top;">
              <div>The Board of Directors is expressly authorized from time to time to fix the number of Directors which shall constitute the entire Board, subject to the following:</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
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          <tr>
            <td style="width: 46.8pt;"><br>
            </td>
            <td style="width: 14.4pt; vertical-align: top;">a.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The number of Directors constituting the entire Board shall be fixed from time to time by vote of a majority of the entire Board; provided, however, that the number of Directors shall not be reduced so as to shorten the term of any
                Director at the time in office; provided further, that the number of Directors shall not be less than five (5) nor more than twenty-five (25). Each Director shall be the record owner of the requisite number of shares of common stock of the
                Bank&#8217;s parent bank holding company fixed by the appropriate regulatory authorities.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
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          <tr>
            <td style="width: 46.8pt;"><br>
            </td>
            <td style="width: 14.4pt; vertical-align: top;">b.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Notwithstanding any other provisions of this Second Amended and Restated Certificate of Incorporation or the by-laws of the Bank (and notwithstanding the fact that some lesser percentage may be specified by law, this Second Amended and
                Restated Certificate of Incorporation or the by-laws of the Bank), any Director or the entire Board of Directors of the Bank may be removed at any time, with or without cause, by the affirmative vote of the holder(s) of ninety percent (90%)
                or more of the outstanding shares of capital stock of the Bank entitled to vote generally in the election of directors (considered for this purpose as one class) cast at a meeting of stockholders called for that purpose.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
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          <tr>
            <td style="width: 7.2pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">6.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The aggregate number of shares of capital stock which the Bank shall have authority to issue is thirty thousand five hundred forty-six (30,546) shares, which shall be common stock, par value five dollars ($5.00) per share (the &#8220;Common
                Stock&#8221;). The Bank shall not issue fractional shares of stock, but shall pay in cash the fair value of fractions of a share as of the time when those otherwise entitled to receive such fractions are determined.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
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          <tr>
            <td style="width: 61.2pt;"><br>
            </td>
            <td style="width: 21.6pt; vertical-align: top;">a.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Stockholders shall not have pre-emptive rights to purchase shares of any class of capital stock of the Bank. The Bank, at any time and from time to time, may authorize and issue debt obligations, whether or not subordinated, without the
                approval of the stockholders.</div>
            </td>
          </tr>

      </table>
      <div><br>
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          <tr>
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            </td>
            <td style="width: 21.6pt; vertical-align: top;">b.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Authority is hereby expressly granted to the Board of Directors from time to time to issue any authorized but unissued shares of Common Stock for such consideration and on such terms as it may determine. Every share of Common Stock of
                the Bank shall have one vote at any meeting of stockholders and may be voted by the stockholders of record either in person or by proxy.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
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          <tr>
            <td style="width: 61.2pt;"><br>
            </td>
            <td style="width: 21.6pt; vertical-align: top;">c.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>In the event of any liquidation, dissolution or winding up of the Bank, or upon the distribution of the assets of the Bank, the assets of the Bank remaining after satisfaction of all obligations and liabilities shall be divided and
                distributed ratably among the holders of the Common Stock. Neither the merger nor the consolidation of the Bank with another corporation, nor the sale or lease of all or substantially all of the assets of the Bank, shall be deemed to be a
                liquidation, dissolution or winding up of the Bank or a distribution of its assets.</div>
            </td>
          </tr>

      </table>
      <div><br>
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      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      <div><br>
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          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">7.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Chief Executive Officer, Secretary, Board of Directors or holder(s) of at least 90% of the issued and outstanding voting stock of the Bank may call a special meeting of stockholders at any time. The Bank shall notify stockholders of
                the place, if any, date and time of each annual and special meeting of stockholders no fewer than ten (10) nor more than sixty (60) days before the meeting date, such notice to be delivered to each stockholder of record at the address as
                shown upon the stock transfer book of the Bank. Notice of a special meeting of stockholders shall include a description of the purpose or purposes for which the meeting is called.</div>
            </td>
          </tr>

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            <td style="width: 18pt;"><br>
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            <td style="width: 18pt; vertical-align: top;">8.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Bank reserves the right to amend, alter, change or repeal any provision contained in this Second Amended and Restated Certificate of Incorporation, in the manner now or hereafter provided by law, at any regular or special meeting of
                stockholders, and all rights conferred upon officers, directors and stockholders of the Bank hereby are granted subject to this reservation.</div>
            </td>
          </tr>

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      <div><br>
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            <td style="width: 18pt;"><br>
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            <td style="width: 18pt; vertical-align: top;">9.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Bank shall indemnify its officers, directors, employees and agents in accordance with the indemnification provisions set forth in the by-laws of the Bank, as may be amended from time to time, and in all cases in accordance with
                applicable laws and regulations.</div>
            </td>
          </tr>

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      <div><br>
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            <td style="width: 18pt;"><br>
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            <td style="width: 18pt; vertical-align: top;">10.</td>
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              <div>To the extent not inconsistent with the provisions of the Banking Code or the rules, regulations or orders of the Superintendent of the Alabama State Banking Department, and pursuant to Section 10A-2A-17.01 of the ABCL, the Bank hereby
                elects to be governed by the provisions of the ABCL, and all references in this Second Amended and Restated Certificate of Incorporation to the ABCL shall mean the Alabama Business Corporation Law of 2019.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
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      <div style="text-align: center; font-style: italic;">[Signature Page Follows]</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 32.4pt;">IN WITNESS WHEREOF, the undersigned hereby certifies that, in accordance with applicable law, this Second Amended and Restated Certificate of Incorporation has been adopted by
        the Bank as of the 6<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of August, 2020.</div>
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      <div><br>
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            <td style="width: 59.2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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              <div>By:</div>
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            <td style="width: 34.15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>/<font style="font-style: italic;">s/ Hope D. Mehlman</font></div>
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            <td style="width: 59.2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.15%; vertical-align: top;">
              <div>Hope D. Mehlman</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.15%; vertical-align: top;">
              <div>Executive Vice President, Corporate Secretary, Chief Governance Officer, and Deputy General Counsel</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      </div>
      <div><br>
      </div>
      <div style="margin-left: 10.8pt; font-weight: bold;">STATE OF ALABAMA</div>
      <div><br>
      </div>
      <div style="margin-left: 10.8pt; font-weight: bold;">MONTGOMERY COUNTY</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; margin-right: 21.6pt; margin-left: 10.8pt; line-height: 2.00;">I, Mike Hill, as Superintendent of Banks for the State of Alabama, do hereby certify that I have fully and duly examined the foregoing Second Amended and
        Restated Certificate of Incorporation whereby the shareholder of Regions Bank, a banking corporation located at Birmingham, Alabama, proposes to Amend and Restate the Certificate of Incorporation.</div>
      <div><br>
      </div>
      <div style="margin-right: 61.2pt; margin-left: 46.8pt;">See attached Articles of Amendment which Amend and Restate the Certificate of Incorporation of Regions Bank.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt; margin-right: 21.6pt; margin-left: 10.8pt;">
        <div style="text-indent: 36pt; margin-right: 21.6pt; margin-left: 10.8pt; line-height: 2.00;">I do hereby certify that said Second Amended and Restated Certificate of Incorporation appear to be in substantial conformity with the requirements of law
          and they are hereby approved. Upon the filing of the same, together with this Certificate of Approval, with the proper agency as required by law, the Second Amended and Restated Certificate of Incorporation of said bank shall be effective.</div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="margin-left: 46.8pt;">Given under my hand and seal of office this the 3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> day of August, 2020.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
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          <tr>
            <td style="width: 59.2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
              <div>By:</div>
            </td>
            <td style="width: 34.15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-style: italic;">/s/ Mike Hill</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.15%; vertical-align: top;">
              <div>Mike Hill</div>
              <div>Superintendent of Banks</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.2%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 34.15%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      </div>
      <div> <br>
      </div>
      <div style="text-align: center;">EXHIBIT 4</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">AMENDED AND RESTATED BY-LAWS OF</div>
      <div style="text-align: center; font-weight: bold;">REGIONS BANK</div>
      <div><br>
      </div>
      <div style="text-align: center;">Effective July 21, 2021</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE I. OFFICES</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Registered Office</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The registered office of Regions Bank (the &#8220;Bank&#8221;) shall be maintained at the office of the Corporation Service Company, Inc., in the City of Montgomery, in the County of Montgomery, in the State
        of Alabama, or such other location as may be designated by the Board of Directors. Corporation Service Company, Inc. shall be the registered agent of the Bank unless and until a successor registered agent is appointed by the Board of Directors.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Other Offices</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Bank may have other offices at such places as the Board of Directors may from time to time appoint or the business of the Bank may require.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Principal Place of Business</u>.</font></div>
      <div><br>
      </div>
      <div style="margin-left: 36pt;">The principal place of business of the Bank shall be in Birmingham, Alabama.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE II. MEETINGS OF STOCKHOLDERS</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Annual Meeting</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Annual meetings of stockholders for the election of members of the Board of Directors (&#8220;Directors&#8221;) and for such other business as the Board of Directors may determine, shall be held at such place,
        time and date as the Board of Directors, by resolution, shall determine.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Special Meetings</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Chief Executive Officer, Secretary, Board of Directors or holder(s) of at least ninety percent (90%) of the issued and outstanding voting stock of the Bank may call a special meeting of
        stockholders at any time. Special meetings of stockholders may be held at such place, time and date as shall be stated in the notice of the meeting.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Voting</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The vote of a majority of the votes cast by the shares entitled to vote on any matter at a meeting of stockholders at which a quorum is present shall be the act of the stockholders on that matter,
        except as otherwise required by law or by the Certificate of Incorporation of the Bank.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Quorum</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">At each meeting of stockholders, except where otherwise provided by applicable law, the Certificate of Incorporation or these By-Laws, the holders of a majority of the outstanding shares of the
        Bank entitled to vote on a matter at the meeting, represented in person or by proxy, shall constitute a quorum. If less than a majority of the outstanding shares are represented, a majority of the shares so represented may adjourn the meeting from
        time to time without further notice, but until a quorum is secured no other business may be transacted. The stockholders present at a duly organized meeting may continue to transact business until an adjournment notwithstanding the withdrawal of
        enough stockholders to leave less than a quorum.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      </div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Notice of Meeting.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Written or printed notice stating the place, day and time of the meeting and, in case of a special meeting of stockholders, the purpose or purposes of the meeting, shall be delivered not less than
        ten (10) nor more than sixty (60) days before the date of the meeting to each stockholder of record entitled to vote at such meeting. The notice shall also include the record date for determining the stockholders entitled to vote at the meeting, if
        that date is different from the record date for determining stockholders entitled to notice of the meeting. Such notice may be communicated in person, by telephone, teletype, telecopier, facsimile transmission or other form of electronic
        communication, or by mail or private carrier. The notice shall be deemed to have been delivered (i) if mailed postage prepaid and correctly addressed to a stockholder, upon deposit in the United States mail; (ii) if mailed by United States mail
        postage prepaid and correctly addressed to a recipient other than a stockholder, the earliest of when it is actually received or (A) if sent by registered or certified mail, return receipt requested, the date shown on the return receipt signed by
        or on behalf of the addressee or (B) five (5) days after it is deposited in the United States mail; or (iii) if an electronic transmission, when (A) it enters an information processing system that the recipient has designated or uses for the
        purposes of receiving electronic transmissions or information of the type sent, and from which the recipient is able to retrieve the electronic transmission and (B) it is in a form capable of being processed by that system. The attendance of a
        stockholder at a meeting shall constitute a waiver of lack of notice or defective notice of such meeting, unless the stockholder expresses such objection at the beginning of the meeting, and shall constitute a waiver of any objection to the
        consideration of a particular matter that is not within the purpose or purposes described in the notice, unless the stockholder objects to considering the matter before action is taken thereon.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Informal Action by Stockholders</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Any action required or permitted to be taken at any meeting of stockholders may be taken without a meeting, and without prior notice, if one or more consents in writing setting forth the action so
        taken are signed by the holders of outstanding stock having not less than the minimum number of votes that would be required to authorize or take the action at a meeting at which all shares of stock entitled to vote on the action were present and
        voted. The action must be evidenced by one or more written consents describing the action taken, signed by the stockholders approving the action and delivered to the Bank for filing by the Bank with the minutes or corporate records. No written
        consent shall be effective to take the corporate action referred to therein unless, within sixty (60) days of the earliest date on which a consent is delivered to the Bank as required by this section, written consents signed by sufficient
        stockholders to take the action have been delivered to the Bank. A written consent may be revoked by a writing to that effect delivered to the Bank before unrevoked written consents sufficient in number to take the corporate action have been
        delivered to the Bank.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">A consent signed pursuant to the provisions of this section has the effect of a vote taken at a meeting and may be described as such in any document. The action taken by written consent shall be
        effective when written consents signed by sufficient stockholders to take the action have been delivered to the Bank.</div>
      <div><br>
      </div>
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      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">If action is taken by less than unanimous written consent of the stockholders, the Bank shall give its nonconsenting stockholders written notice of the action not more than ten (10) days after
        written consents sufficient to take the action have been delivered to the Bank. The notice must reasonably describe the action taken and contain or be accompanied by the same material that would have been required to be sent to stockholders in a
        notice of a meeting at which the action would have been submitted to the stockholders for action.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE III. DIRECTORS</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Number and Term</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The number of Directors that shall constitute the whole Board of Directors shall be fixed, from time to time, by resolutions adopted by the Board of Directors, but shall not be less than five (5)
        persons or more than twenty-five (25) persons. The number of Directors shall not be reduced so as to shorten the term of any Director in office at the time.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Directors elected at each annual or special meeting or appointed pursuant to Article III, Section 4 of these By-Laws shall hold office until the next annual meeting and until his or her successor
        shall have been elected and qualified, or until his or her earlier retirement, death, resignation or removal. Directors need not be residents of Alabama.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Chair of the Board and Lead Independent Director</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Board of Directors shall by majority vote designate from time to time from among its members a Chair of the Board of Directors. The Chair of the Board of Directors shall preside at all meetings
        of the stockholders and of the Board of Directors. He or she shall have and perform such duties as prescribed by these By-Laws and by the Board of Directors. The position of Chair of the Board of Directors is a Board position; provided, however,
        the position of Chair of the Board of Directors may be held by a person who is also an officer of the Bank.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">In the absence of the Chair of the Board of Directors, or in the case he or she is unable to preside, the Lead Independent Director, if at the time a Director of the Bank has been designated by the
        Board of Directors as such, shall have and exercise all powers and duties of the Chair of the Board of Directors and shall preside at all meetings of the Board of Directors. If at any Board of Directors meeting neither of such persons is present or
        able to act, the Board of Directors shall select one of its members as acting chair of the meeting or any portion thereof.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Resignations</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Any Director may resign at any time. All resignations shall be made in writing, and shall take effect at the time of receipt by the Chair of the Board of Directors, Chief Executive Officer,
        President or Secretary or at such other time as may be specified therein. The acceptance of a resignation shall not be necessary to make it effective.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Vacancies</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">If the office of any Director becomes vacant, including by reason of resignation or removal, or the size of the Board of Directors is increased, the remaining Directors in office, even if less than
        a quorum, by a majority vote, may appoint any qualified person to fill such vacancy or new position, and such person shall hold office for the unexpired term and until his or her successor shall be duly chosen.</div>
      <div><br>
      </div>
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      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Removal</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Any Director may be removed at any time, with or without cause, by the affirmative vote of the holders of ninety percent (90%) or more of the outstanding shares of capital stock of the Bank
        entitled to vote generally in the election of directors (considered for this purpose as one class) cast at a meeting of stockholders called for that purpose.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Powers</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The business and affairs of the Bank shall be managed by or under the direction of the Board of Directors, except as may be otherwise provided by applicable law, the Certificate of Incorporation of
        the Bank or pursuant to these By-Laws.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Meetings</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Regular meetings of the Board of Directors may be held without notice at such places and times as shall be determined from time to time by the Board of Directors; provided, however, that such
        regular meetings shall be held at intervals in compliance with the Alabama Banking Code, Section 5-1A-1 <font style="font-style: italic;">et seq. </font>of the Code of Alabama 1975, as amended (together with any act amendatory thereof,
        supplementary thereto or substituted therefor, hereinafter referred to as the &#8220;Banking Code&#8221;).</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Special meetings of the Board of Directors may be called by the Chair of the Board of Directors, Lead Independent Director, Chief Executive Officer or President, or Secretary on the request of any
        two members of the Board of Directors, on at least two (2) days&#8217; notice to each Director and shall be held at such place or places as may be determined by the Board of Directors, or as shall be stated in the notice of such meeting.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Unless otherwise restricted by the Certificate of Incorporation or these By-Laws, members of the Board of Directors, or any committee designated by the Board of Directors, may participate in a
        meeting of the Board of Directors, or any committee, by means of conference telephone, video or similar communications equipment by means of which all persons participating in the meeting can hear each other, and such participation in a meeting
        shall constitute presence in person at the meeting. Notice of any special meeting of the Board of Directors need not be given personally, and may be given by United States mail, postage prepaid or by any form of electronic communication, and shall
        be deemed to have been given on the date such notice is transmitted by the Bank (which, if notice is mailed, shall be the date when such notice is deposited in the United States mail, postage prepaid, directed to the applicable Director at such
        Director&#8217;s address as it appears on the records of the Bank).</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Quorum; Vote Required for Action</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">A majority of the Directors shall constitute a quorum for the transaction of business. If at any meeting of the Board of Directors there shall be less than a quorum present, a majority of those
        present may adjourn the meeting from time to time until a quorum is obtained, and no further notice thereof need be given other than by announcement at the meeting which shall be so adjourned. The vote of a majority of the Directors present at a
        meeting at which a quorum is present shall be the act of the Board of Directors unless the Certificate of Incorporation or these By-Laws shall require a vote of a greater number.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Compensation</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Unless otherwise restricted by the Certificate of Incorporation or these By-Laws, the Board of Directors shall have the authority to fix the compensation of Directors. Nothing herein contained
        shall be construed to preclude any Director from serving the Bank in any other capacity as an officer, agent or otherwise, and receiving compensation therefor.</div>
      <div><br>
      </div>
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      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Action Without Meeting</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Any action required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may be taken without a meeting, if prior to such action a written consent thereto
        is signed by all members of the Board of Directors, or of such committee as the case may be, and such written consent is filed with the minutes of proceedings of the Board of Directors or committee. Action taken under this section is the act of the
        Board of Directors when one or more consents signed by all of the Directors are delivered to the Bank. The consent may specify a later time as the time at which the action taken is to be effective. A Director&#8217;s consent may be withdrawn by a
        revocation signed by the Director and delivered to the Bank before delivery to the Bank of unrevoked written consents signed by all of the Directors. A consent signed under this section has the effect of action taken at a meeting of the Board of
        Directors and may be described as such in any document.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Committees</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">A majority of the Board of Directors shall have the authority to designate one or more committees, each committee to consist of one or more of the Directors of the Bank. The Board of Directors may
        designate one or more Directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. Any committee of the Board of Directors, to the extent provided in the resolutions of the
        Board of Directors or in these By-Laws, shall have and may exercise the powers of the Board of Directors in the management of the business and affairs of the Bank and may authorize the seal of the Bank to be affixed to all papers that may require
        it, in each case to the fullest extent permitted by applicable law. In the absence or disqualification of any member of a committee from voting at any meeting of such committee, the remaining member or members thereof present at such meeting and
        not disqualified from voting, whether or not the remaining member or members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at such meeting in the place of any such absent or disqualified member.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Eligibility</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">No person shall be eligible to serve as Director of the Bank unless such person shall be the owner of shares of stock of the parent holding company of the number and held in the manner sufficient
        to meet the requirements of any applicable law or regulation in effect requiring the ownership of Directors&#8217; qualifying shares.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 13.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Directors Protected</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">In accordance with the Alabama Business Corporation Law, Chapter 2A of Title 10A of the Code of Alabama (1975), or any statute amendatory or supplemental thereof (the &#8220;Corporation Law&#8221;) and
        specifically Section 10A-2A-8.30, each Director shall, in the performance of his or her duties, be fully protected in relying in good faith upon information, opinions, reports or statements, including financial statements and other financial data,
        made to the Directors by the officers or employees of the Bank; legal counsel, public accountants, certified public accountants or other persons as to matters the Director reasonably believes are within the person&#8217;s professional or expert
        competence; or a committee of the Board of Directors of which he or she is not a member if the Director reasonably believes the committee merits confidence, or in relying in good faith upon other records or books of account of the Bank.</div>
      <div><br>
      </div>
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      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE IV. OFFICERS</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Officers, Elections, Terms</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The officers of the Bank shall be a Chief Executive Officer; a President; one or more vice presidents or directors (referring in this context to service in an officer capacity), who may be
        designated Senior Executive Vice Presidents, Executive Vice Presidents, Executive Managing Directors, Senior Vice Presidents, Managing Directors, Vice Presidents, Directors, and Assistant Vice Presidents; a Secretary; one or more Assistant
        Secretaries; a Chief Financial Officer; a Controller; an Auditor; and such other officers as may be deemed appropriate. All of such officers shall be appointed annually by the Board of Directors to serve for a term of one (1) year and until their
        respective successors are appointed and qualified or until such officer&#8217;s earlier death, resignation, retirement or removal, except that the Board of Directors may delegate the authority to appoint officers holding the position of Senior Executive
        Vice President and below in accordance with procedures established or modified by the Board from time to time. None of the officers of the Bank need be Directors. More than one office may be held by the same person. The conduct of the business and
        affairs of the Bank by the officers shall be subject to the oversight of the Board of Directors and of any committee of the Board of Directors having authority over the subject matter.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Chief Executive Officer</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Board of Directors shall appoint a Chief Executive Officer of the Bank. The Chief Executive Officer is the most senior executive officer of the Bank, and shall be vested with authority to act
        for the Bank in all matters and shall have general supervision of the Bank and of its business affairs, including authority over the detailed operations of the Bank and over its personnel, with full power and authority during intervals between
        sessions of the Board of Directors to do and perform in the name of the Bank all acts and deeds necessary or proper, in his or her opinion, to be done and performed and to execute for and in the name of the Bank all instruments, agreements and
        deeds that may be authorized to be executed on behalf of the Bank or may be required by law. The Chief Executive Officer may, but need not, also hold the office of President.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>President</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The President shall have, and may exercise, the authority to act for the Bank in all ordinary matters and perform other such duties as directed by the By-Laws, the Board of Directors or the Chief
        Executive Officer. Among the officers of the Bank, the President is subordinate to only the Chief Executive Officer and is senior to the other officers of the Bank. The authority of the President shall include authority over the detailed operations
        of the Bank and over its personnel with full power and authority during intervals between sessions of the Board of Directors to do and perform in the name of the Bank all acts and deeds necessary or proper, in his or her opinion, to be done and
        performed and to execute for and in the name of the Bank all instruments, agreements and deeds that may be authorized to be executed on behalf of the Bank or may be required by law.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Vice Presidents</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The vice presidents or directors, who may be designated as Senior Executive Vice Presidents, Executive Vice Presidents, Executive Managing Directors, Senior Vice Presidents, Managing Directors,
        Vice Presidents, Directors, and Assistant Vice Presidents, shall, subject to the control of the Chief Executive Officer or the President, have and may exercise the authority vested in them in all proper matters, including authority over the
        detailed operations of the Bank and over its personnel.</div>
      <div><br>
      </div>
      <div><br>
      </div>
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      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Chief Financial Officer</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Chief Financial Officer, or his or her designee, shall have and perform such duties as are incident to the office of Chief Financial Officer and such other duties as may from time to time be
        assigned to him or her by the Board of Directors, the Chief Executive Officer or the President.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Secretary and Assistant Secretary</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Secretary shall keep minutes of all meetings of the stockholders and the Board of Directors unless otherwise directed by either of those bodies. The Secretary, or in his or her absence, any
        Assistant Secretary, shall attend to the giving and serving of all notices of the Bank. The Secretary shall perform all of the duties incident to the office of Secretary and shall do and perform such other duties as may from time to time be
        assigned by the Board of Directors, the Chair of the Board of Directors, the Chief Executive Officer or the President.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Controller</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Controller shall, under the direction of the Chief Executive Officer, the President, the Chief Financial Officer or other more senior officer, have general supervision and authority over all
        reports required of the Bank by law or by any public body or officer or regulatory authority pertaining to the condition of the Bank and its assets and liabilities. The Controller shall have general supervision of the books and accounts of the Bank
        and its methods and systems of recording and keeping accounts of its business transactions and of its assets and liabilities. The Controller shall be responsible for preparing statements showing the financial condition of the Bank and shall furnish
        such reports and financial records as may be required of him or her by the Board of Directors or by the Chief Executive Officer, the President, the Chief Financial Officer or other more senior officer.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Auditor</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Auditor&#8217;s office may be filled by an employee of the Bank or his or her duties may be performed by an employee or committee of the parent company of the Bank. The Auditor shall have general
        supervision of the auditing of the books and accounts of the Bank, and shall continuously and from time to time check and verify the Bank&#8217;s transactions, its assets and liabilities, and the accounts and doings of the officers, agents and employees
        of the Bank with respect thereto. The Auditor, whether an employee of the Bank or of its parent, shall be directly accountable to and under the jurisdiction of the Board of Directors and, if applicable, its designated committee, acting
        independently of all officers, agents and employees of the Bank. The Auditor shall render reports covering matters in his or her charge regularly and upon request to the Board and, if applicable, its designated committee.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Other Officers and Agents</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Board of Directors may appoint such other officers and agents as it may deem advisable, such as General Counsel, who shall exercise such powers and perform such duties as shall be determined
        from time to time by the Board of Directors. The functions of a cashier of the Bank may be performed by the Controller or any other officer of the Bank whose area of responsibility includes the function to be performed.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Management Policymaking Committee</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div style="text-align: left; text-indent: 36pt;">Pursuant to the By-Laws of Regions Financial Corporation, the Chief Executive Officer shall establish and name (and may rename from time to time) an executive management committee to develop,
          publish and implement policies and procedures for the operation of Regions Financial Corporation and its subsidiaries and affiliates, including the Bank.</div>
      </div>
      <div><br>
      </div>
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      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Officer in Charge of Wealth Management</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The officer in charge of Wealth Management shall be designated as such by the Board of Directors and shall exercise general supervision and management over the affairs of Private Wealth Management,
        Institutional Services and Wealth Management Middle Office, which groups are responsible for exercise of the Bank&#8217;s trust powers. Such officer is hereby empowered to appoint all necessary agents or attorneys; also to make, execute and acknowledge
        all checks, bonds, certificates, deeds, mortgages, notes, releases, leases, agreements, contracts, bills of sale, assignments, transfers, powers of attorney or of substitution, proxies to vote stock, or any other instrument in writing that may be
        necessary in the purchase, sale, mortgage, lease, assignment, transfer, management or handling, in any way of any property of any description held or controlled by the Bank in any fiduciary capacity. Said officer shall have such other duties and
        powers as shall be designated by the Board of Directors.</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">Section 12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Other Officers in Private Wealth Management, Institutional Services and Wealth Management Middle Office</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The officer in charge of Wealth Management shall appoint officers responsible for the activities of Private Wealth Management, Institutional Services and Wealth Management Middle Office. Various
        other officers as designated by the officers responsible for the activities of Private Wealth Management, Institutional Services and Wealth Management Middle Office are empowered and authorized to make, execute and acknowledge all checks, bonds,
        certificates, deeds, mortgages, notes, releases, leases, agreements, contracts, bills of sale, assignments, transfers, powers of attorney or substitution, proxies to vote stock or any other instrument in writing that may be necessary to the
        purchase, sale, mortgage, lease, assignments, transfer, management or handling in any way, of any property of any description held or controlled by the Bank in any fiduciary capacity.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 13.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Removal and Resignation of Officers</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">At its pleasure, the Board of Directors may remove any officer from office at any time by a majority vote of the Board of Directors; provided, however, that the terms of any employment or
        compensation contract shall be honored according to its terms. An individual&#8217;s status as an officer will terminate without the necessity of any other action or ratification immediately upon termination for any reason of the individual&#8217;s employment
        by the Bank. Any officer may resign at any time by delivering notice (whether written or verbal) to the Bank. Such resignation shall be effective immediately unless the notice of resignation specifies a later effective date.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE V. MISCELLANEOUS</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Certificates of Stock</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Certificates of stock of the Bank shall be signed by the President and the Secretary of the Bank, which signatures may be represented by a facsimile signature. The certificate may be sealed with
        the seal of the Bank or an engraved or printed facsimile thereof. The certificate represents the number of shares of stock registered in certificate form owned by such holder.</div>
      <div><br>
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      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Lost Certificates</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">In case of the loss or destruction of any certificate of stock, the holder or owner of same shall give notice thereof to the Chief Executive Officer, the President, any Senior Executive Vice
        President or the Secretary of the Bank and, if such holder or owner shall desire the issue of a new certificate in the place of the one lost or destroyed, he or she shall make an affidavit of such loss or destruction and deliver the same to any one
        of said officers and accompany the same with a bond with surety satisfactory to the Bank to indemnify the Bank and save it harmless against any loss, cost or damage in case such certificate should thereafter be presented to the Bank, which
        affidavit and bond shall be, at the discretion of the deciding party listed in this Section 2, unless so ordered by a court having jurisdiction over the matter, approved or rejected by the Board of Directors, the Chief Executive Officer, the
        President or a Senior Executive Vice President before the issue of any new certificate.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Transfer of Shares</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Title to a certificate and to the shares represented thereby can be transferred only by delivery of the certificate endorsed either in blank or to a specified person by the person appearing by the
        certificate to be the owner of the shares represented thereby, or by delivery of the certificate and a separate document containing a written assignment of the certificate or a power of attorney to sell, assign or transfer the same or the shares
        represented thereby, signed by the person appearing by the certificate to be the owner of the shares represented thereby. Such assignment or power of attorney may be either in blank or to a specified person.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Fractional Shares</u>.</font></div>
      <div><br>
      </div>
      <div style="margin-left: 36pt;">No fractional part of a share of stock shall be issued by the Bank.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Stockholders Record Date</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">In order that the Bank may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, or entitled to receive any rights in respect of any
        change, conversion or exchange of stock or for any other lawful action, the Board of Directors may fix, in advance, a record date, which shall not be more than sixty (60) nor less than ten (10) days before the date of such meeting, nor more than
        sixty (60) days prior to any other action. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to adjournment of the meeting; provided, however, that the Board of Directors may fix a
        new record date for the adjourned meeting.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Dividends</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Subject to the provisions of the Certificate of Incorporation, at any regular or special meeting the Board of Directors may, out of funds legally available therefor, declare dividends upon the
        capital stock of the Bank as and when it deems expedient. Before declaring any dividend, there may be set apart out of any fund of the Bank available for dividends, such sum or sums as the Directors, from time to time in their discretion, deem
        proper for working capital; as a reserve fund to meet contingencies; for equalizing dividends; or for such other purposes as the Directors shall deem conducive to the interests of the Bank. No dividends shall be declared that exceed the amounts
        authorized by applicable laws and regulations or are otherwise contrary to law.</div>
      <div><br>
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      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Seal</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Bank may have a corporate seal, which shall have the name of the Bank inscribed thereon and shall be in such form as prescribed by the Board of Directors from time to time. The seal may also
        include appropriate descriptors, such as the words: &#8220;An Alabama Banking Corporation.&#8221; The Secretary of the Bank shall have custody of the seal and is authorized to affix the same to instruments, documents and papers as required by law or as
        customary or appropriate in the Secretary&#8217;s judgment and discretion. Without limiting the general authority of the Board of Directors of the Bank to name, appoint, remove and define the duties of officers of the Bank, the Secretary is further
        authorized to cause reproductions of the seal to be made, distributed to and used by officers and employees of the Bank whose duties and responsibilities involve the execution and delivery of instruments, documents and papers bearing the seal of
        the Bank. In this regard, the Secretary is further authorized to establish, implement, interpret and enforce policies and procedures governing the use of the seal and the authorization by the Secretary of officers and employees of the Bank to have
        custody of and to use the seal. Such policies and procedures may include (i) the right of the Secretary to appoint any Bank employee as an Assistant Secretary of the Bank, if such appointment would, in the Secretary&#8217;s judgment, be convenient with
        respect to such employee&#8217;s custody and use of a seal and/or (ii) the right of the Secretary to authorize Bank employees to have and use seals as delegates of the Secretary without appointing such employees as Assistant Secretaries of the Bank.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Fiscal Year</u>.</font></div>
      <div><br>
      </div>
      <div style="margin-left: 36pt;">The fiscal year of the Bank shall be the calendar year.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Checks, Drafts, Transfers, Services, etc</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Chief Executive Officer, the President, any vice president or director, any Assistant Vice President, any Branch Manager, any Financial Relationship Specialist, any Financial Relationship
        Consultant or any other employee designated by the Board of Directors is authorized and empowered on behalf of the Bank and in its name to sign and endorse checks and warrants; to execute and deliver any and all documents that are necessary or
        desirable in connection with the opening of customer deposit accounts with the Bank, including, without limitation, documents associated with establishing treasury management services in connection with deposit accounts; documents requested or
        required by a third party in connection with the opening or rollover of individual retirement accounts to the Bank or otherwise; draw drafts; issue and sign cashier&#8217;s checks; guarantee signatures; give receipts for money due and payable to the
        Bank; and sign such other papers and do such other acts as are necessary in the performance of his or her duties. The authority conveyed to any employee designated by the Board of Directors may be limited by general or specific resolution of the
        Board of Directors.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Notice and Waiver of Notice</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Whenever any notice whatever is required to be given under the provisions of any law or under the provisions of the Certificate of Incorporation of the Bank or these By-Laws, a waiver thereof in
        writing, signed by the person or persons entitled to notice, whether before or after the time stated therein, shall be deemed equivalent thereto. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when
        the person attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of business at the meeting because the meeting is not lawfully called or convened.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Right of Indemnity.</u></font></div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">To the full extent provided for and in accordance with the Corporation Law, and specifically Section 10A-2A-8.50 <font style="font-style: italic;">et seq.</font>, the Bank shall indemnify and hold harmless each
        Director and each officer now or hereafter serving the Bank against any loss and reasonable expenses actually and necessarily incurred by him or her in connection with the defense of any claim, or any action, suit or proceeding against him or her
        or in which he or she is made a party, by reason of him or her being or having been a Director or officer of the Bank, or who, while a Director or officer of the Bank, is or was serving at the Bank&#8217;s request as a director, officer, partner,
        trustee, employee or agent of another foreign or domestic corporation, partnership, joint venture, trust, employee benefit plan or other enterprise. Such right of indemnity shall not be deemed exclusive of any other rights to which such Director or
        officer may be entitled under any statute, article of incorporation, rule of law, other bylaw, agreement, vote of stockholders or directors, or otherwise. Nor shall anything herein contained restrict the right of the Bank to indemnify or reimburse
        any officer or Director in any proper case even though not specifically provided for herein.</div>
      <div><br>
      </div>
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      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Notwithstanding anything to the contrary, the Bank shall not make or agree to make any indemnification payment to a Director or officer or any other institution-affiliated party (as such term is
        defined in 12 CFR &#167; 359.1) with respect to (i) any civil money penalty or judgment resulting from any administrative or civil action instituted by any federal banking agency, except in full compliance with 12 CFR Part 359, (ii) any assessment,
        order of restitution, penalty or similar liability imposed under authority of the Banking Code, or (iii) any liability for violation of Section 10A-2A-8.32 of the Corporation Law.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">In advance of final disposition, the Bank may, but is not required to, pay for or reimburse the reasonable expenses incurred by a person who may become eligible for indemnification under this
        Article V, Section 11, provided the conditions set forth in Section 10A-2A-8.53 of the Corporation Law (and, if applicable, 12 CFR &#167; 359.5) shall have been satisfied.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Bank may purchase and maintain insurance on behalf of said Directors or officers against liability asserted against or incurred by a Director or officer acting in such capacity as described in
        these By-Laws. Such insurance coverage shall not be used to pay or reimburse a person for the cost of (i) any judgment or civil money penalty assessed against such person in an administrative proceeding or civil action commenced by any federal
        banking agency or (ii) any assessment or penalty imposed under authority of the Banking Code. Such insurance coverage may be used to pay any legal or professional expenses incurred in connection with such proceeding or action or the amount of any
        restitution to the Bank. Any insurance coverage of legal or professional expenses will be coordinated with the Bank&#8217;s determination whether to advance expenses in advance of final disposition, taking into account the terms and conditions of the
        coverage and the requirements of Section 10A-2A-8.53 of the Corporation Law.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Execution of Instruments and Documents</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Chief Executive Officer; the President; any Senior Executive Vice President, Executive Vice President, Senior Vice President or Vice President; or any officer holding the title of Executive Managing Director,
        Managing Director or Director is authorized, in his or her discretion, to do and perform any and all corporate and official acts in carrying on the business of the Bank, including, but not limited to, the authority to make, execute, acknowledge,
        accept and deliver any and all deeds, mortgages, releases, bills of sale, assignments, transfers, leases (as lessor or lessee), powers of attorney or of substitution, servicing or sub-servicing agreements, vendor agreements, contracts, proxies to
        vote stock or any other instrument in writing that may be necessary in the purchase, sale, lease, assignment, transfer, discount, management or handling in any way of any property of any description held, controlled or used by Bank or to be held,
        controlled or used by Bank, either in its own or in its fiduciary capacity and including the authority from time to time to open bank accounts with the Bank or any other institution; to borrow money in such amounts for such lengths of time, at such
        rates of interest and upon such terms and conditions as any said officer may deem proper and to evidence the indebtedness thereby created by executing and delivering in the name of the Bank promissory notes or other appropriate evidences of
        indebtedness; and to guarantee the obligations of any subsidiary or affiliate of the Bank. The enumeration herein of particular powers shall not restrict in any way the general powers and authority of said officers.</div>
      <div><br>
      </div>
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      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">By way of example and not limitation, such officers of the Bank are authorized to execute, accept, deliver and issue, on behalf of the Bank and as binding obligations of the Bank, such agreements
        and instruments as may be within the officer&#8217;s area of responsibility, including, as applicable, agreements and related documents (such as schedules, confirmations, transfers, assignments, acknowledgments and other documents) relating to derivative
        transactions, loan or letter of credit transactions, syndications, participations, trades, purchase and sale or discount transactions, transfers and assignments, servicing and sub-servicing agreements, vendor agreements, contracts, securitizations
        and transactions of whatever kind or description arising in the conduct of the Bank&#8217;s business.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The authority to execute and deliver documents, instruments and agreements may be limited by resolution of the Board of Directors or a committee of the Board of Directors, by the Chief Executive
        Officer or by the President, by reference to subject matter, category, amount, geographical location or any other criteria and may be made subject to such policies, procedures and levels of approval as may be adopted or amended from time to time.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 13.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Voting Bank&#8217;s Securities</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Unless otherwise ordered by the Board of Directors, the Chief Executive Officer, the President, any Executive Vice President or Executive Managing Director or above, the Controller, the Bank&#8217;s
        General Counsel and any other officer as may be designated by the Board of Directors shall have full power and authority on behalf of the Bank (i) to attend and to act and vote or (ii) to execute a proxy or proxies empowering others to attend and
        to act and vote, at any meetings of security holders of any of the corporations, partnerships, limited liability companies or other entities in which the Bank may hold securities and, at such meetings, such officer shall possess and may exercise
        any and all rights and powers incident to the ownership of such securities which, as the owner thereof, the Bank might have possessed and exercised, if present.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 14.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Bonds of Officers and Employees</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Board of Directors shall, pursuant to the Banking Code, designate the officers and employees who shall be required to give bond and fix the amounts thereof.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 15.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Satisfaction of Loans</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">On payment of sums lent, for which security shall have been taken either by way of mortgage or other lien on real or personal property or by the pledge of collateral, whether said loans have been
        made from funds of the Bank or from funds held in fiduciary capacity, any officer of the Bank shall have the power and authority to sign or execute any and all collateral release documents that may be necessary or desirable for the purpose of
        releasing property or property rights held by the Bank as collateral for obligations to the Bank that are paid in full or otherwise satisfied or settled and enter the fact of payment or satisfaction on the margin of the record of any such security
        or in any other legal manner to cancel such indebtedness and to release said security, and the Chief Executive Officer, the President or any Vice President or Director of the Bank shall have power and authority to execute a power of attorney
        authorizing the cancellation, release or satisfaction of any mortgage or other security given to the Bank in its corporate or fiduciary capacity, by such person as he or she may in his or her discretion appoint.</div>
      <div><br>
      </div>
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      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE VI. AMENDMENTS</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Except as otherwise provided herein or in the Certificate of Incorporation of the Bank, these By-Laws may be amended or repealed by the affirmative vote of a majority of the Directors then holding
        office at any regular or special meeting of the Board of Directors, and the stockholders may make, alter or repeal any By-Laws, whether or not adopted by them.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE VII. EMERGENCY BY-LAWS</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Emergency By-Laws</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">This Article VII shall be operative if a quorum of the Bank&#8217;s Directors cannot readily be assembled because of some catastrophic event (an &#8220;emergency&#8221;), notwithstanding any different or conflicting
        provisions in these By-Laws, the Certificate of Incorporation or the Code of Alabama. To the extent not inconsistent with the provisions of this Article VII, the By-Laws provided in the other Articles of these By-Laws and the provisions of the
        Certificate of Incorporation shall remain in effect during such emergency, and upon termination of such emergency, the provisions of this Article VII shall cease to be operative.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Meetings</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">During any emergency, a meeting of the Board of Directors, or any committee thereof, may be called by any member of the Board of Directors, the President, a Senior Executive Vice President, the
        Secretary or an Assistant Secretary. Notice of the time and place of the meeting shall be given by any available means of communication by the individual calling the meeting to such of the Directors and/or Designated Officers, as defined in Section
        3 of this Article VII, as it may be feasible to reach. Such notice shall be given at such time in advance of the meeting as, in the judgment of the individual calling the meeting, circumstances permit. As a result of such emergency, the Board of
        Directors may determine that a meeting of stockholders not be held at any place, but instead be held solely by means of remote communication in accordance with the Corporation Law.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Quorum</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">At any meeting of the Board, or any committee thereof, called in accordance with Section 2 of this Article VII, the presence or participation of two Directors or one Director and a Designated
        Officer shall constitute a quorum for the transaction of business. In the event that no Directors are able to attend the meeting of the Board of Directors, then the Designated Officers in attendance shall serve as directors for the meeting, without
        any additional quorum requirement and will have full powers to act as directors of the Bank.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Board of Directors or the committees thereof, as the case may be, shall, from time to time but in any event prior to such time or times as an emergency may have occurred, designate the officers
        of the Bank in a numbered list (the &#8220;Designated Officers&#8221;) who shall be deemed, in the order in which they appear on such list, directors of the Bank for purposes of obtaining a quorum during an emergency, if a quorum of Directors cannot otherwise
        be obtained.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>By-Laws</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">At any meeting called in accordance with Section 2 of this Article VII, the Board of Directors or a committee thereof, as the case may be, may modify, amend or add to the provisions of this Article
        VII so as to make any provision that may be practical or necessary for the circumstances of the emergency.</div>
      <div><br>
      </div>
      <div><br>
      </div>
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      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Liability</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">No officer, Director or employee of the Bank acting in accordance with the provisions of this Article VII shall be liable except for willful misconduct.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Repeal or Change</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The provisions of this Article VII shall be subject to repeal or change by further action of the Board of Directors or by action of the stockholders, but no such repeal or change shall modify the
        provisions of Section 5 of this Article VII with regard to action taken prior to the time of such repeal or change.</div>
      <div><br>
      </div>
      <div><font style="font-weight: bold;">Section 7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"><u>Continued Operations</u>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">In the event of an emergency declared by the President of the United States or the person performing his or her functions, the officers and employees of the Bank will continue to conduct the
        affairs of the Bank under such guidance from the Directors as may be available except as to matters which by statute require specific approval of the Board of Directors and subject to conformance with any governmental directives or directives of
        the Federal Deposit Insurance Corporation during the emergency.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; margin-right: 36pt;">EXHIBIT 6</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; margin-right: 36pt;">CONSENT</div>
      <div><br>
      </div>
      <div style="margin-right: 36pt;">In accordance with Section 321 (b) of the Trust Indenture Act of 1939, Regions Bank hereby consents that reports of examination of Regions Bank by Federal, State, Territorial or District regulatory authorities may be
        furnished by such regulatory authorities to the Securities and Exchange Commission upon request therefor.</div>
      <div><br>
      </div>
      <div style="margin-right: 36pt;">Dated: May 5, 2023</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z34411d8fddd84656b44b7836bb8fd82f">

          <tr>
            <td style="width: 63.42%; vertical-align: top;">&#160;</td>
            <td style="width: 36.58%; vertical-align: top;">
              <div style="margin-right: 36pt;">REGIONS BANK</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.42%; vertical-align: top;">&#160;</td>
            <td style="width: 36.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 63.42%; vertical-align: top;">&#160;</td>
            <td style="width: 36.58%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 63.42%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 36.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="margin-right: 36pt;">/s/ Kristine Prall</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.42%; vertical-align: top;">&#160;</td>
            <td style="width: 36.58%; vertical-align: top;">
              <div style="margin-right: 36pt;">Kristine Prall</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.42%; vertical-align: top;">&#160;</td>
            <td style="width: 36.58%; vertical-align: top;">
              <div style="margin-right: 36pt;">Vice President</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center;">EXHIBIT 7</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Consolidated Report of Condition for Insured Banks</div>
      <div style="text-align: center; font-weight: bold;">and Savings Associations</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">REGIONS BANK</div>
      <div><br>
      </div>
      <div style="text-align: center;">As of the close of business on December 31, 2022:</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z3575108da072464b84b6a5494ccd91b8" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: top; border-top: #000000 solid 2px; padding-bottom: 2px;">
              <div style="font-weight: bold;">ASSETS</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-top: #000000 solid 2px; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;" colspan="2">
              <div style="text-align: right; font-weight: bold;">Thousands of Dollars</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Cash and balances due from depository institutions:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>12,071,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="font-weight: bold;">Securities:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>29,057,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Federal funds sold and securities purchased under agreement to resell:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="font-weight: bold;">Loans and leases held for sale:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>338,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Loans and leases net of unearned income and allowance:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>95,545,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="font-weight: bold;">Trading Assets:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>16,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Premises and fixed assets:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>2,177,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="font-weight: bold;">Other real estate owned:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>12,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Investments in unconsolidated subsidiaries and associated companies:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>129,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="font-weight: bold;">Direct and indirect investments in real estate ventures:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Intangible assets:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>6,337,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="font-weight: bold;">Other assets:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>8,521,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Total Assets:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>154,203,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z9e9b1abcda8049a98a095dc430687ce2" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: top; border-top: #000000 solid 2px; padding-bottom: 2px;">
              <div style="font-weight: bold;">LIABILITIES</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-top: #000000 solid 2px; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;" colspan="2">
              <div style="font-weight: bold; text-align: right;">Thousands of Dollars</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Deposits</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>133,792,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="text-indent: -17.1pt; margin-left: 17.1pt; font-weight: bold;">Federal funds purchased and securities sold under agreements to repurchase</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Trading liabilities:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="font-weight: bold;">Other borrowed money:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>9,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Subordinated notes and debentures:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>496,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="font-weight: bold;">Other Liabilities:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>4,768,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Total Liabilities</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>139,065,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="za9f5d6941e8340e69fe9eb92d3b2c865" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: top; border-top: #000000 solid 2px; padding-bottom: 2px;">
              <div style="font-weight: bold;">EQUITY CAPITAL</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-top: #000000 solid 2px; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;" colspan="2">
              <div style="font-weight: bold; text-align: right;">Thousands of Dollars</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 2px; border-top: #000000 solid 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Common Stock</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="font-weight: bold;">Surplus</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>16,399,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Retained Earnings</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>2,078,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%;">
              <div style="font-weight: bold;">Accumulated other comprehensive income</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div>-3,343,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; background-color: #CCEEFF;">
              <div style="font-weight: bold;">Total Equity Capital</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" colspan="1" class="cftnumcell">
              <div>15,138,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px;">
              <div style="font-weight: bold;">Total Liabilities and Equity Capital</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1" class="cftnumcell">
              <div style="font-weight: bold;">154,203,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1" class="cftfncell">&#160;</td>
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      </div>
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<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>8
<FILENAME>ex107.htm
<DESCRIPTION>FILING FEES TABLE
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 107</font><br>
  </div>
  <br>
  <div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 9.5pt; font-weight: bold;">Calculation of Filing Fee Tables</div>
    <div><br>
    </div>
    <div style="text-align: center;">Form S-3</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 9.5pt;">(Form Type)</div>
    <div><br>
    </div>
    <div style="text-align: center;">Martin Marietta Materials, Inc.</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 9.5pt;">(Exact Name of Registrant as Specified in its Charter)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 9.5pt;"><u>Table 1: Newly Registered and Carry Forward Securities</u></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zcc8d3bf4a1a34707890fbcf929cd474a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 7.26%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 5.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Security </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Type</div>
          </td>
          <td style="width: 7.54%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Security </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Class Title</div>
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          <td style="width: 8.4%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Fee </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Calculation or </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Carry </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Forward Rule</div>
          </td>
          <td style="width: 7%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Amount Registered</div>
          </td>
          <td style="width: 8.13%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Proposed </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Maximum </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Offering </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Price Per </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Unit</div>
          </td>
          <td style="width: 7.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Maximum Aggregate </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Offering Price</div>
          </td>
          <td style="width: 3.93%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Fee </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Rate</div>
          </td>
          <td style="width: 8.14%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Amount of Registration </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Fee</div>
          </td>
          <td style="width: 7.64%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Carry </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Forward </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Form Type</div>
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            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Carry </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Forward </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">File Number</div>
          </td>
          <td style="width: 7.1%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Carry </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Forward </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Initial </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Effective </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Date</div>
          </td>
          <td style="width: 10.69%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Filing Fee </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Previously Paid in </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Connection with </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Unsold Securities </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">to be Carried </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Forward</div>
          </td>
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        <tr>
          <td style="width: 100%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" colspan="13">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Newly Registered Securities</div>
          </td>
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        <tr>
          <td style="width: 7.26%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid;" rowspan="4">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Fees to be </div>
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Paid</div>
          </td>
          <td style="width: 5.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Debt</div>
          </td>
          <td style="width: 7.54%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Debt Securities (1)</div>
          </td>
          <td style="width: 8.4%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Rule 456(b) and Rule 457(r) (2)</div>
          </td>
          <td style="width: 7%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 8.13%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 7.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 3.93%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(2)</div>
          </td>
          <td style="width: 8.14%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(2)</div>
          </td>
          <td style="width: 7.64%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.72%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 7.1%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.69%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Equity</div>
          </td>
          <td style="width: 7.54%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Preferred Stock, par value $0.01 per share (1)</div>
          </td>
          <td style="width: 8.4%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Rule 456(b) and Rule 457(r) (2)</div>
          </td>
          <td style="width: 7%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 8.13%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 7.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 3.93%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(2)</div>
          </td>
          <td style="width: 8.14%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(2)</div>
          </td>
          <td style="width: 7.64%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.72%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 7.1%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.69%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Equity</div>
          </td>
          <td style="width: 7.54%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Common Stock, par value $0.01 per share (1)</div>
          </td>
          <td style="width: 8.4%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Rule 456(b) and Rule 457(r) (2)</div>
          </td>
          <td style="width: 7%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 8.13%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 7.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 3.93%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(2)</div>
          </td>
          <td style="width: 8.14%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(2)</div>
          </td>
          <td style="width: 7.64%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.72%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 7.1%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.69%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Other</div>
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          <td style="width: 7.54%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Warrants (1)(4)</div>
          </td>
          <td style="width: 8.4%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">Rule 456(b) and Rule 457(r) (2)</div>
          </td>
          <td style="width: 7%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 8.13%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 7.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(3)</div>
          </td>
          <td style="width: 3.93%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">(2)</div>
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          <td style="width: 3.93%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
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          <td style="width: 7.64%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.72%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
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            <div style="text-align: center; color: #000000; font-size: 8pt;">N/A</div>
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          <td style="width: 8.14%; vertical-align: bottom; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
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            <div style="text-align: center; color: #000000; font-size: 8pt;">N/A</div>
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            <div style="text-align: center; color: #000000; font-size: 8pt;">N/A</div>
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          <td style="width: 7.1%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">N/A</div>
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          <td style="width: 10.69%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">N/A</div>
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          <td style="width: 7.26%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
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            <div style="text-align: center; color: #000000; font-size: 8pt;">N/A</div>
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          <td style="width: 3.93%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 8.14%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">N/A</div>
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          <td style="width: 7.64%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.72%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 7.1%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.69%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
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          <td style="width: 7.26%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 28.67%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" colspan="4">
            <div style="color: #000000; font-size: 8pt; font-weight: bold;">Total Fees Previously Paid</div>
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          <td style="width: 7.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 3.93%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 8.14%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">N/A</div>
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          <td style="width: 7.64%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.72%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 7.1%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.69%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
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            <div style="color: #000000; font-size: 8pt; font-weight: bold;">Total Fee Offsets</div>
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            <div style="text-align: center; color: #000000; font-size: 8pt;">N/A</div>
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          <td style="width: 7.64%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.72%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 7.1%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.69%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
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          <td style="width: 7.26%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
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            <div style="color: #000000; font-size: 8pt; font-weight: bold;">Net Fee Due</div>
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          <td style="width: 7.73%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 3.93%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 8.14%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-size: 8pt;">N/A</div>
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          <td style="width: 7.64%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 10.72%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 7.1%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
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            <div style="color: #000000; font-size: 8pt;">(1)</div>
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          <td style="width: 97.03%; vertical-align: top;">
            <div style="color: #000000; font-size: 8pt;">The securities registered under this registration statement may be sold separately, together or as units consisting of two or more constituent
              securities registered hereunder with the other securities registered hereunder. Separate consideration may or may not be received for any securities issued upon the conversion, redemption, exchange, exercise or settlement of any securities
              registered hereunder.</div>
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            <div style="color: #000000; font-size: 8pt;">(2)</div>
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            <div style="color: #000000; font-size: 8pt;">In accordance with Rules 456(b) and 457(r) under the Securities Act of 1933, as amended (the &#8220;<u>Securities Act</u>&#8221;), the registrant is deferring payment of all registration fees. In connection with the securities offered pursuant to this registration statement, the registrant will pay &#8220;pay-as-you-go registration
              fees&#8221; in accordance with Rule 456(b). The registrant will calculate the registration fee applicable to an offer of securities pursuant to this registration statement based on the fee payment rate in effect on the date of such fee payment.</div>
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            <div style="color: #000000; font-size: 8pt;">An indeterminate aggregate initial offering price or number of securities of each identified class is being registered as may from time to time be
              issued at indeterminate prices and as may be issued upon conversion, redemption, exchange, exercise or settlement of any securities registered hereunder, including under any applicable antidilution provisions.</div>
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            <div style="color: #000000; font-size: 8pt;">(4)</div>
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            <div style="color: #000000; font-size: 8pt;">Representing rights to purchase debt securities, preferred stock, common stock or any combination thereof.</div>
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>csm_logofooter.jpg
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