<SEC-DOCUMENT>0000930413-17-003918.txt : 20171201
<SEC-HEADER>0000930413-17-003918.hdr.sgml : 20171201
<ACCEPTANCE-DATETIME>20171201064522
ACCESSION NUMBER:		0000930413-17-003918
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20171130
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171201
DATE AS OF CHANGE:		20171201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST HORIZON NATIONAL CORP
		CENTRAL INDEX KEY:			0000036966
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				620803242
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15185
		FILM NUMBER:		171232678

	BUSINESS ADDRESS:	
		STREET 1:		165 MADISON AVENUE
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38103
		BUSINESS PHONE:		9018186232

	MAIL ADDRESS:	
		STREET 1:		165 MADISON AVENUE
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST TENNESSEE NATIONAL CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST TENNESSEE BANKS INC
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>c89827_8k.htm
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>
<B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Form
8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event Reported):
November 30, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>First Horizon National Corporation</B><BR>
(Exact Name of Registrant as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 33%; text-align: center"><B>TENNESSEE </B></TD>
    <TD STYLE="width: 34%; text-align: center"><B>001-15185</B></TD>
    <TD STYLE="width: 33%; text-align: center"><B>62-0803242</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or Other Jurisdiction of<BR>
Incorporation)</TD>
    <TD STYLE="text-align: center">(Commission File Number)</TD>
    <TD STYLE="text-align: center">(I.R.S. Employer Identification<BR>
Number)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; text-align: center"><B>165 MADISON AVENUE, MEMPHIS, TENNESSEE 38103</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of Principal Executive Offices) (Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(901) 523-4444</B><BR>
(Registrant&rsquo;s telephone number, including area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="width: 94%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR &sect;240.12b-2). Emerging growth company <FONT STYLE="font-family: Wingdings">o</FONT></P>


<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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 13(a) of the Exchange Act. <FONT STYLE="font-family: Wingdings">o</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 2.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Completion of Acquisition or Disposition
of Assets.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">Effective November 30, 2017, pursuant to
the Agreement and Plan of Merger, dated May 3, 2017 (the &ldquo;Merger Agreement&rdquo;), by and among First Horizon National Corporation,
a Tennessee corporation (&ldquo;First Horizon&rdquo;), Capital Bank Financial Corp., a Delaware corporation (&ldquo;Capital Bank
Financial&rdquo;), and Firestone Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of First Horizon (&ldquo;Merger
Sub&rdquo;), Merger Sub merged with and into Capital Bank Financial (the &ldquo;Merger&rdquo;), with Capital Bank Financial as
the surviving corporation in the Merger. Immediately after the Merger, Capital Bank Financial merged with and into First Horizon
(the &ldquo;Second Step Merger&rdquo;, and together with the Merger, the &ldquo;Mergers&rdquo;), with First Horizon as the surviving
corporation in the Second Step Merger. Following the Mergers, Capital Bank Financial&rsquo;s wholly-owned bank subsidiary, Capital
Bank Corporation (&ldquo;Capital Bank&rdquo;), a North Carolina state chartered bank, merged with and into First Horizon&rsquo;s
bank subsidiary, First Tennessee Bank National Association (the &ldquo;Bank&rdquo;) (the &ldquo;Bank Merger&rdquo;, and together
with the Mergers, the &ldquo;Transaction&rdquo;), with the Bank as the surviving entity in the Bank Merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">Under the terms and conditions of the Merger Agreement, at the effective
time of the Merger (the &ldquo;Effective Time&rdquo;), each share of Capital Bank Financial&rsquo;s Class A Common Stock and Class
B Non-Voting Common Stock (together, &ldquo;Capital Bank Financial Common Stock&rdquo;) was converted into the right to receive
either $40.573 in cash (the &ldquo;Cash Consideration&rdquo;) or 2.1732 shares of First Horizon&rsquo;s Common Stock (the &ldquo;Stock
Consideration&rdquo; and together with the Cash Consideration, the &ldquo;Merger Consideration&rdquo;), at the election of the
holder of such share of Capital Bank Financial Common Stock, subject to procedures applicable to oversubscription and undersubscription
for Cash Consideration set forth in the Merger Agreement. The aggregate amount of Cash Consideration will equal $410,535,300, with
approximately 10,118,435 shares of Capital Bank Financial Common Stock being converted into the right to receive the Cash Consideration
and the remaining shares being converted into the right to receive the Stock Consideration. First Horizon currently expects to
issue an aggregate of approximately 92,044,538 shares of First Horizon Common Stock as Stock Consideration. Based on initial results
of Capital Bank Financial stockholder elections of Merger Consideration, the Cash Consideration is oversubscribed. Accordingly,
it is currently expected that Capital Bank Financial stockholders who validly elected to receive the Cash Consideration will receive
approximately 46% of the Merger Consideration payable to them in cash and 54% in the form of First Horizon Common Stock. Capital Bank Financial stockholders who validly elected to receive the Stock Consideration or made
no election will receive
the Merger Consideration payable to them solely in the form of First Horizon Common Stock (and, if applicable, cash in lieu
of fractional shares). The exchange
agent for the Merger is required to effect the final allocation of the Merger Consideration by December 7, 2017. Each share of
First Horizon Common Stock, par value $0.625 per share (the &ldquo;First Horizon Common Stock&rdquo;) issued and outstanding immediately
prior to the Effective Time remained issued and outstanding and was unaffected by the Merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">In addition, at the Effective Time, each
outstanding option granted by Capital Bank Financial to purchase shares of Capital Bank Financial Common Stock (a &ldquo;Capital
Bank Financial Stock Option&rdquo;) fully vested (to the extent unvested) and was assumed, on the same terms and conditions, by
First Horizon and converted into an option to purchase a number of shares of First Horizon Common Stock (rounded down to the nearest
whole share) that equals the product of (A)&nbsp;the number of shares of Capital Bank Financial Common Stock subject to such Capital
Bank Financial Stock Option immediately prior to the Effective Time multiplied by (B) 2.1732 (the &ldquo;Exchange Ratio&rdquo;),
at an exercise price per share of First Horizon Common Stock (rounded up to the nearest whole cent) equal to the quotient of (A)
the exercise price per share of Capital Bank Financial Common Stock of such Capital Bank Financial Stock Option divided by (B)
the Exchange Ratio. Each restricted share of Capital Bank Financial that was outstanding immediately prior to the Effective Time
was cancelled and converted automatically into the right to receive an amount in cash equal to the Cash Consideration, less applicable
tax withholdings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">The foregoing description of the Transaction
and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement,
which was filed as Exhibit 2.1 to First Horizon&rsquo;s Current Report on Form 8-K filed on May 5, 2017 and is incorporated by
reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 2.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Creation of a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">As a result of the Transaction, certain trusts
that were unconsolidated subsidiaries of Capital Bank Financial became unconsolidated subsidiaries of First Horizon. In connection with the Transaction, First
Horizon assumed, through the execution of supplemental indentures, the following indentures and securities issued thereunder and
Capital Bank Financial&rsquo;s rights and obligations relating to these trusts and certain capital securities issued and sold by
these trusts, including trust preferred securities (&ldquo;TruPS&rdquo;):</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>1. Cumberland Capital Statutory Trust II</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture, dated July 31, 2001 (as supplemented by the first supplemental indenture dated as of September 20, 2012), between Capital Bank Financial (as successor-in-interest to Cumberland Bancorp, Incorporated and Green<FONT STYLE="font-size: 12pt"> </FONT>Bankshares, Inc.) and U.S. Bank National Association (as successor-in-interest to State Street Bank and Trust Company of Connecticut, National Association)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Floating Rate Junior Subordinated Deferrable Interest Debentures due 2031</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">July 31, 2031</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 3.58%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$4,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$4,124,000</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>2. TIBFL Statutory Trust II</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Junior Subordinated Indenture, dated July 31, 2001 (as supplemented by the first supplemental indenture dated as of September 20, 2012), between Capital Bank Financial (as successor-in-interest to TIB Financial Corp.) and U.S. Bank National Association (as successor in interest to State Street Bank and Trust Company of Connecticut, National Association)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Junior Subordinated Notes due 2031</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">July 31, 2031</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 3.58%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$5,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$5,155,000</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>3. Catawba Valley Capital Trust II</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Junior Subordinated Indenture, dated December 20, 2002 (as supplemented by the first supplemental indenture dated as of April 28, 2006 and the second supplemental indenture dated as of October 26, 2016), between Capital Bank Financial (as successor-in-interest to CommunityOne Bancorp and United Community Bancorp) and The Bank of New York Mellon Trust Company, National Association (as successor in interest to The Bank of New York)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Junior Subordinated Notes due 2032</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">December 30, 2032</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 3.35%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017 </TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$5,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$5,155,000</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>4. Capital Bank Statutory Trust I </B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture, dated June 26, 2003 (as supplemented by the first supplemental indenture dated as of September 24, 2012), between Capital Bank Financial (as successor-in-interest to Capital Bank Corporation) and U.S. Bank National Association</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Floating Rate Junior Subordinated Deferrable Interest Debentures due 2033</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">June 26, 2033</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 3.10%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$10,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$10,310,000</TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><PAGE></PAGE></TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>5. Greene County Capital Trust I </B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture, dated September 25, 2003 (as supplemented by the first supplemental indenture dated as of September 20, 2012), between Capital Bank Financial (as successor-in-interest to Greene County Bankshares, Inc. and Green Bankshares, Inc.) and Wilmington Trust Company</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Floating Rate Junior Subordinated Debt Securities due 2033</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">October 8, 2033</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 2.85%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$10,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$10,310,000</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>6. Capital Bank Statutory Trust II</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture, dated December 30, 2003 (as supplemented by the first supplemental indenture dated as of September 24, 2012), between Capital Bank Financial (as successor-in-interest to Capital Bank Corporation) and Wells Fargo Bank, National Association</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Floating Rate Junior Subordinated Debt Securities due 2034</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">February 8, 2034</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 2.85%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$10,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$10,310,000</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>7. Greene County Capital Trust II</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture, dated June 28, 2005 (as supplemented by the first supplemental indenture dated as of September 20, 2012), between Capital Bank Financial (as successor-in-interest to Greene County Bancshares, Inc. and Green Bankshares, Inc.) and The Bank of New York Mellon Trust Company, National Association (as successor in interest to JPMorgan Chase Bank, National Association)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Junior Subordinated Debt Securities due 2035</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">June 28, 2035</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 1.68%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$3,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$3,093,000</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>8. FNB United Statutory Trust I</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture, dated November 4, 2005 (as supplemented by the first supplemental indenture dated as of October 26, 2016), between Capital Bank Financial (as successor-in-interest to CommunityOne Bancorp and FNB Corp.) and U.S. Bank National Association</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Junior Subordinated Debt Securities due 2035</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">December 15, 2035</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 1.37%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$20,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$20,619,000</TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>9. Capital Bank Statutory Trust III</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture, dated December 22, 2005 (as supplemented by the first supplemental indenture dated as of September 24, 2012), between Capital Bank Financial (as successor-in-interest to Capital Bank Corporation) and U.S. Bank National Association</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Junior Subordinated Debt Securities due 2036</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">March 15, 2036</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 1.40%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$10,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$10,310,000</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>10. Civitas Statutory Trust I</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture, dated December 28, 2005 (as supplemented by the first supplemental indenture dated as of May 18, 2007, and the second supplemental indenture dated as of September 20, 2012), between Capital Bank Financial (as successor-in-interest to Green Bankshares, Inc. and Civitas BankGroup, Inc.) and Wilmington Trust Company</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Floating Rate Junior Subordinated Deferrable Interest Debentures due 2036</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">March 15, 2036</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 1.54%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$13,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$13,403,000</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>11.&nbsp;&nbsp;FNB United Statutory Trust II </B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Junior Subordinated Indenture, dated April 27, 2006 (as supplemented by the first supplemental indenture dated as of October 26, 2016), between Capital Bank Financial (as successor-in-interest to CommunityOne Bancorp and FNB Corp.) and Wilmington Trust Company</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Floating Rate Junior Subordinated Notes due 2036</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">June 30, 2036</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 1.32%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$30,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$30,928,000</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>12. TIBFL Statutory Trust III</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture, dated June 23, 2006 (as supplemented by the first supplemental indenture dated as of September 20, 2012), between Capital Bank Financial (as successor-in-interest to TIB Financial Corp.) and Wells Fargo Bank, National Association</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Junior Subordinated Debt Securities due 2036</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">July 7, 2036</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 1.55%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$20,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$20,619,000</TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>13. GreenBank Capital Trust I </B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Junior Subordinated Indenture, dated May 16, 2007 (as supplemented by the first supplemental indenture dated as of September 20, 2012), between Capital Bank Financial (as successor-in-interest to Greene County Bancshares, Inc. and United Community Bancorp) and Wilmington Trust Company</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Floating Rate Junior Subordinated Notes due 2037</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">June 15, 2037</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 1.65%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$56,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$57,732,000</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD COLSPAN="2" STYLE="border: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>14. Southern Community Capital Trust III</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture</TD>
    <TD STYLE="width: 66%; border-bottom: Black 1px solid; border-right: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Indenture, dated June 15, 2007 (as supplemented by the first supplemental indenture dated as of October 11, 2012), between Capital Bank Financial (as successor-in-interest to Southern Community Financial Corporation) and Wilmington Trust Company</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Debentures</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Floating Rate Junior Subordinated Debt Securities due 2037</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Maturity</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">September 6, 2037</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Interest/Distribution Rate</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Three-month LIBOR plus 1.43%; reset quarterly</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Balance of TruPS as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$10,000,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; border-left: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">Principal Amount of Debentures as of September 30, 2017</TD>
    <TD STYLE="border-right: Black 1px solid; border-bottom: Black 1px solid; padding-right: 5.4pt; padding-left: 5.4pt">$10,310,000</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">All of the debentures and TruPS are redeemable
at First Horizon&rsquo;s option. Interest on the debentures and distributions related to the TruPS are cumulative and accrue from
the date of the original issuance of the applicable debentures or TruPS, but may be deferred by First Horizon from time to time
for up to 20 consecutive quarterly periods. During any period in which there is an ongoing default or interest payments are being
deferred, First Horizon may not, subject to certain exceptions, declare or pay dividends on, or redeem, purchase, or acquire, any
of its capital stock, or make certain interest or principal payments with respect to its indebtedness ranking junior to or pari
passu with the debentures. As of September 30, 2017, there was no deferred and unpaid interest on any of the debentures and no
deferred and unpaid distributions related to any of the TruPS. First Horizon has irrevocably and unconditionally guaranteed the
payment of all required distributions on the TruPS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">Under the indentures, either the applicable
trustee or the holders of at least 25% of the aggregate principal amount of the applicable series of debentures outstanding have
a right to accelerate payment of principal outstanding under such debentures if any specified event of default occurs under the
applicable indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">Under each trust agreement, any proceeds
received by the applicable trust upon payment or redemption of the related debentures will be used by such trust to redeem a pro-rata
amount of the TruPS and the common securities issued by such trust.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">The descriptions set forth above of each
of the debentures and TruPS and of First Horizon&rsquo;s obligations pursuant thereto are qualified in their entirety by reference
to the applicable indenture, trust agreement and related guarantee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 5.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Election of Directors</U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><B><I>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General
Information.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><I>Election to Boards</I>. On November 30,
2017, the Board of Directors (&ldquo;Board&rdquo;) of First Horizon acted to elect Peter N. Foss and R. Eugene Taylor to the Board,
effective on November 30, 2017, as a result of the completion of the Transaction. Messrs. Foss and Taylor also have been elected
to the Board of Directors of the Bank. Messrs. Foss and Taylor are expected to stand for re-election to the Board by First Horizon&rsquo;s
shareholders at the April 2018 annual meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><I>Independence</I>. Based on its review
and the application of categorical standards, the Board has determined that Mr. Foss is independent under New York Stock Exchange
listing standards. Mr. Taylor, who became an officer of First Horizon following the Transaction, is not independent under those
standards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><I>Background of Peter N. Foss</I>. Prior
to his retirement in 2013, Mr. Foss served for 35 years in various leadership positions with General Electric Company, including
most recently as General Manager for Enterprise Selling and as President of the General Electric Company&rsquo;s Olympic Sponsorship
and Corporate Accounts. He was rehired by GE in November 2013 to serve as leader of the GE/NFL Brain Research Program, a position
he continues to hold today. Mr. Foss currently serves on the board of directors of Healthcare Trust of America, Inc. He was a member
of the boards of directors of Capital Bank Financial and Capital Bank from 2009 until the Transaction closed in 2017. Mr. Foss
previously served on the boards of directors of Capital Bank Corp., Green Bankshares, Inc. and TIB Financial Corp., each of which
merged into Capital Bank Financial in 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><I>Background of R. Eugene Taylor</I>. Mr.
Taylor was Chairman of the Board of Directors and Chief Executive Officer of Capital Bank Financial, and a director of Capital
Bank, from 2009 until the Transaction closed in 2017. Prior to 2009, Mr. Taylor spent 38 years at Bank of America Corporation,
most recently as the Vice Chairman of the firm and President of Global Corporate &amp; Investment Banking. Mr. Taylor also serves
on the board of Sonic Automotive, Inc. and is Chairman of its compensation committee. He previously served on the boards of directors
of Capital Bank Corp., Green Bankshares, Inc. and TIB Financial Corp., each of which merged into Capital Bank Financial in 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><I>Additional Information Concerning the
Merger Agreement and Transaction Is Available</I>. First Horizon filed a registration statement on Form S-4 (Reg. No. 333-219052)
with the SEC which provides substantial additional information concerning the Merger Agreement and the Transaction, among other
things. That registration statement, its exhibits and amendments, and a definitive proxy statement/prospectus dated July 28, 2017
(the &ldquo;Prospectus&rdquo;), all are available on the SEC&rsquo;s public website www.sec.gov. Except to the extent expressly
mentioned in this Report, those documents are not incorporated into this Report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><B><I>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election
Arrangement.</I></B> In the Merger Agreement First Horizon agreed to increase its Board size by two persons and to fill those vacancies
with Mr. Taylor and another Capital Bank Financial director after the Transaction was effective. As mentioned in the Prospectus,
First Horizon and Capital Bank Financial agreed that Mr. Foss will be the second director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><B><I>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Committee
Assignments.</I></B> Mr. Foss has been appointed to serve on the Audit Committee and the Nominating and Corporate Governance Committee
of First Horizon&rsquo;s Board. Mr. Taylor has been appointed to serve on the Executive and Risk Committee of First Horizon&rsquo;s
Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><B><I>(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transactions.</I></B>
First Horizon, the Bank, and the subsidiaries of each, as applicable, have entered into lending transactions and/or other banking
or financial services transactions in the ordinary course of business with First Horizon&rsquo;s executive officers, directors,
their immediate family members and affiliated entities, and the persons of which First Horizon is aware that beneficially own more
than 5 percent of First Horizon&rsquo;s common stock, and First Horizon expects to have such transactions in the future. Such transactions
were made in the ordinary course of business, were made on substantially the same terms, including interest rates and collateral,
as those prevailing at the time for comparable transactions with persons not related to First Horizon, and did not involve more
than the normal risk of collectability or present other unfavorable features. First Horizon offers all employees (including Mr.
Taylor) discounts on certain financial services (for example, no-fee domestic wire transfers). Mr. Taylor will be compensated as
an officer and employee, and has an employment agreement with First Horizon, as discussed in (5) below.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><B><I>(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><I>Compensation of Mr. Foss</I>. Mr. Foss
will be eligible to participate in First Horizon&rsquo;s active compensation plans and programs for non-employee directors. Additional
information concerning First Horizon&rsquo;s plans and programs for non-employee directors is provided in the following previously-filed
material, which is incorporated into this item by reference: the &ldquo;Director Compensation&rdquo; section of First Horizon&rsquo;s
proxy statement for the 2017 annual meeting of shareholders appearing on pages 71-74.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt"><I>Compensation of Mr. Taylor</I>. As an
employee and officer of First Horizon, Mr. Taylor will not be compensated for his Board service. He will be eligible to participate
in plans and programs applicable to employees and officers of First Horizon and the Bank. In addition, in anticipation of the Transaction,
Mr. Taylor entered into an employment agreement with First Horizon which provides a framework for his salary, bonus opportunity,
special and annual stock-based awards, and other employment matters during the agreement&rsquo;s two-year term. For additional
information, see the disclosures in the Prospectus under the heading &ldquo;New Employment Agreement between First Horizon and
R. Eugene Taylor&rdquo; appearing on pages 99-100 of that document, which disclosures are incorporated into this Report. A conformed
copy of Mr. Taylor&rsquo;s employment agreement is filed with this Report as Exhibit 10.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 5.03.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendments to Articles of Incorporation or
Bylaws; Change in Fiscal Year</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Amendment of Bylaws</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(1)&nbsp;&nbsp;&nbsp;On November 30, 2017, First Horizon&rsquo;s
Board of Directors amended ARTICLE THREE, Section 3.2 of First Horizon&rsquo;s Bylaws, as described in paragraph (2) below. The
amended and restated Bylaws are filed herewith as Exhibit 3.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(2)&nbsp;&nbsp;&nbsp;The amendment to Section 3.2 increases
the size of First Horizon&rsquo;s Board of Directors from eleven to thirteen persons. The increase took effect following completion
of the Transaction which occurred on November 30, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 8.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Events</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt">On December 1, 2017, First Horizon issued
a press release announcing the completion of the Transaction. A copy of the press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements of Business Acquired</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">The financial statements of Capital Bank
Financial required by this Item 9.01(a) will be filed by amendment not later than 71 calendar days after the date this Current
Report on Form 8-K must be filed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro-Forma Financial Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">The pro forma financial information required
by this Item 9.01(b) will be filed by amendment no later than 71 calendar days after the date this Current Report on Form 8-K must
be filed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following exhibits are filed herewith:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; padding-bottom: 1px"><font style="border-bottom: Black 1px solid">Exhibit #</FONT></TD>
    <TD STYLE="width: 90%; padding-bottom: 1px"><font style="border-bottom: Black 1px solid">Description</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>2.1</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/36966/000093041317002014/c88338_ex2-1.htm">Agreement and Plan of Merger, dated as of May 3, 2017, by and between First Horizon National Corporation, Capital Bank Financial Corp. and Firestone Sub, Inc. (incorporated by reference to Exhibit 2.1 of the Current Report on Form 8-K, filed by First Horizon National Corporation on May 5, 2017)</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>3.1</TD>
    <TD><A HREF="c89827_ex3-1.htm" STYLE="-sec-extract: exhibit">Bylaws of First Horizon National Corporation, as amended and restated effective November 30, 2017</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.1</TD>
    <TD>First Horizon agrees to furnish to the Securities and Exchange Commission upon request a copy of each instrument defining the long-term debt of First Horizon and its consolidated subsidiaries&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.1</TD>
    <TD><A HREF="c89827_ex10-1.htm" STYLE="-sec-extract: exhibit">Employment Agreement, dated as of May 3, 2017, by and between First Horizon National Corporation and R. Eugene Taylor</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>99.1</TD>
    <TD><A HREF="c89827_ex99-1.htm" STYLE="-sec-extract: exhibit">Press Release dated December 1, 2017</A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All summaries and descriptions of documents, and of amendments
thereto, set forth above are qualified in their entirety by the documents themselves, whether filed as an exhibit hereto or filed
as an exhibit to a later report.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 36pt">Date:&nbsp;&nbsp;December 1, 2017</TD>
    <TD COLSPAN="4">FIRST HORIZON NATIONAL CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1px solid">/s/ William C. Losch III</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name:&nbsp;</TD>
    <TD>William C. Losch III</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Executive Vice President and </TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Financial Officer</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 3px double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 3px double">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>EXHIBIT 3.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BYLAWS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OF FIRST HORIZON NATIONAL CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(As Amended and Restated Effective November
30, 2017)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE ONE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>OFFICES</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Principal
Office.</U> </B>The principal office of First Horizon National Corporation (the &ldquo;Corporation&rdquo;) shall be 165
Madison Avenue, Memphis, Tennessee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Offices.</U> </B>The Corporation may have offices at such other places, either within or without the State of Tennessee, as
the Board of Directors may from time to time designate or as the business of the Corporation may from time to time
require.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Registered
Office.</U> </B>The registered office of the Corporation required to be maintained in the State of Tennessee shall be the
same as its principal office and may be changed from time to time as provided by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE TWO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SHAREHOLDERS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Place
of Meetings.</U> </B>Meetings of the shareholders of the Corporation may be held either in the State of Tennessee or
elsewhere; but in the absence of notice to the contrary, shareholders&rsquo; meetings shall be held at the principal office
of the Corporation in Memphis, Tennessee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Quorum
and Adjournments.</U> </B>The holders of a majority of the shares issued and outstanding and entitled to vote thereat,
present in person or represented by proxy, shall be requisite, and shall constitute a quorum at all meetings of the
shareholders, for the transaction of business, except as otherwise provided by law, the Restated Charter of the Corporation,
as amended from time to time (the &ldquo;Charter&rdquo;), or these Bylaws. In the event a quorum is not obtained at the
meeting, the holders of a majority of the shares entitled to vote thereat, present in person or by proxy, shall have power to
adjourn the meeting from time to time and, whether or not a quorum is obtained at the meeting, the Chairman of the meeting
shall have the power to adjourn the meeting from time to time, in either case without notice, except as otherwise provided by
law, other than announcement at the meeting. At such adjourned meeting at which the requisite amount of voting shares shall
be represented, any business may be transacted which might have been transacted at the meeting as originally notified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
of Meetings.</U> </B>Unless otherwise required by applicable law, written notice of the annual and each special meeting
stating the date, time and place of the meeting shall be mailed, postage prepaid, or otherwise delivered to each shareholder
entitled to vote thereat at such address as appears on the records of shareholders of the Corporation, at least ten (10)
days, but not more than two (2) months, prior to the meeting date. In addition, notice of any special meeting shall state the
purpose or purposes for which the meeting is called and the person or persons calling the meeting. In the event of an
adjournment of a meeting to a date more than four months after the date fixed for the original meeting or the Board of
Directors fixes a new record date for the adjourned meeting, a new notice of the adjourned meeting must be given to
shareholders as of the new record date. Any previously scheduled meeting may be postponed, and any special meeting may be
canceled, by resolution of the Board of Directors upon public notice given prior to the date scheduled for such meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Annual
Meetings.</U> </B>The annual meeting of shareholders for the election of directors and for the transaction of such other
business as may properly come before the meeting shall be held each year on such date and at such time as the Board of
Directors may fix by resolution by vote of a majority of the entire Board of Directors. At the meeting, the shareholders
shall elect by ballot directors to succeed the directors whose terms expire at the meeting and may transact such other
business as may properly come before the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Special
Meetings.</U> </B>Special meetings of the shareholders for any purpose or purposes, unless otherwise prescribed by statute,
may be called by Chairman of the Board and shall be called by the Chairman of the</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Board or the Secretary at the request in writing of a majority
of the Board of Directors. Only such business within the purpose or purposes described in the notice of the meeting may be conducted
at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waiver
of Notice.</U> </B>Any shareholder may waive in writing notice of any meeting either before, at or after the meeting.
Attendance by a shareholder in person or by proxy at a meeting shall constitute a waiver of objection to lack of notice or
defective notice and a waiver of objection to consideration of a matter that was not described in the meeting notice unless
the shareholder objects in the manner required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Voting.</U> </B>Unless
otherwise required by the Charter, at each meeting of shareholders, each shareholder shall have one vote for each share of
stock having voting power registered in the shareholder&rsquo;s name on the records of the Corporation on the record date for
that meeting, and every shareholder having the right to vote shall be entitled to vote in person or by proxy appointed by
instrument in writing or any other method permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>2.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Procedures
for Bringing Business before Shareholder Meeting.</U> </B>At an annual or special meeting of shareholders, only such business
shall be conducted, and only such proposals shall be acted upon, as shall have been properly brought before an annual or
special meeting of shareholders. To be properly brought before an annual or special meeting of shareholders, business must be
(i) in the case of a special meeting called by the Chairman of the Board or at the request of the Board of Directors,
specified in the notice of the special meeting (or any supplement thereto), or (ii) in the case of an annual meeting properly
brought before the meeting by or at the direction of the Board of Directors or (iii) otherwise properly brought before the
annual or special meeting by a shareholder. For business to be properly brought before such a meeting of shareholders by a
shareholder, the shareholder must have given timely notice thereof in writing to the Secretary of the Corporation. To be
timely, a shareholder&rsquo;s notice must be delivered to or mailed and received at the principal executive offices of the
Corporation not less than 90 days nor more than 120 days prior to the date of the meeting; provided, however, that if fewer
than 100 days&rsquo; notice or prior public disclosure of the date of the meeting is given or made to shareholders, notice by
the shareholders to be timely must be so delivered or received not later than the close of business on the 10th day following
the earlier of (i) the day on which such notice of the date of such meeting was mailed or (ii) the day on which such public
disclosure was made. A shareholder&rsquo;s notice to the Secretary shall set forth as to each matter the shareholder proposes
to bring before a meeting of shareholders (i) a brief description of the business desired to be brought before the meeting
and the reasons for conducting such business at the meeting, (ii) the name and address, as they appear on the
Corporation&rsquo;s books, of the shareholder proposing such business and any other shareholders known by such shareholder to
be supporting such proposal, (iii) the class and number of shares of the Corporation which are beneficially owned by such
shareholder on the date of such shareholder&rsquo;s notice and by any other shareholders known by such shareholder to be
supporting such proposal on the date of such shareholder&rsquo;s notice, and (iv) any material interest of the shareholder in
such proposal. Notwithstanding anything in these Bylaws to the contrary, no business shall be conducted at a meeting of
shareholders except in accordance with the procedures set forth in this Section 2.8. The Chairman of the meeting shall, if
the facts warrant, determine and declare to the meeting that the business was not properly brought before the meeting in
accordance with the procedures prescribed by these Bylaws, and if the Chairman should so determine, the Chairman shall so
declare to the meeting and any such business not properly brought before the meeting shall not be transacted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>2.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>SEC
Proxy Rules.</U> </B>In addition to complying with the provisions of Section 2.8, a shareholder shall also comply with all
applicable requirements of the Securities Exchange Act of 1934 and the rules and regulations thereunder with respect to the
matters set forth in Section 2.8. Nothing in Section 2.8 shall be deemed to affect any rights of shareholders to request
inclusion of proposals in the Corporation&rsquo;s proxy statement pursuant to rules of the Securities and Exchange
Commission. For such proposals to be acted upon at a meeting, however, compliance with the notice provisions of Section 2.8
is also required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE THREE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>DIRECTORS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Powers
of Directors.</U> </B>The business and affairs of the Corporation shall be managed under the direction of and all corporate
powers shall be exercised by or under the authority of the Board of Directors.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Number
and Qualifications.</U> </B>The Board of Directors shall consist of thirteen members. The Board of Directors has the power to
change from time to time the number of directors specified in the preceding sentence. Any such change in the number of
directors constituting the Corporation&rsquo;s Board Directors must be made exclusively by means of an amendment to these
Bylaws adopted by a majority of the entire Board of Directors then in office. Directors need not be shareholders of the
Corporation nor residents of the State of Tennessee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Term
of Office.</U> </B>Except as otherwise provided by law or by the Charter, the term of each director hereafter elected shall
be from the time of his or her election and qualification until the annual meeting next following such election and until a
successor shall have been duly elected and qualified; subject, however, to the right of the removal of any director as
provided by law, by the Charter or by these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation.</U> </B>The
directors shall be paid for their services on the Board of Directors and on any Committee thereof such compensation (which
may include cash, shares of stock of the Corporation and options thereon) and benefits together with reasonable expenses, if
any, at such times as may, from time to time, be determined by resolution adopted by a majority of the entire Board of
Directors; provided that nothing herein contained shall be construed to preclude any director from serving the Corporation in
any other capacity and being compensated therefor; provided further that if the Chairman of the Board is at the same time
serving as the Chief Executive Officer of the Corporation, he or she will not be compensated as a non-employee director for
his or her service as Chairman.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Committees.</U> </B>The
directors, by resolution adopted by a majority of the entire Board of Directors, may designate an executive committee and
other committees, consisting of two or more directors, and may delegate to such committee or committees all such authority of
the Board of Directors that it deems desirable, including, without limitation, authority to appoint corporate officers,
fix their salaries, and, to the extent such is not provided by law, the Charter or these Bylaws, to establish their authority
and responsibility, except that no such committee or committees shall have and exercise the authority of the Board of
Directors to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Courier 10cpi; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 36pt">&nbsp;</TD>
    <TD STYLE="width: 36pt; text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">authorize distributions (which include dividend declarations), except according to a formula or method prescribed by the Board of Directors,</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">fill vacancies on the Board of Directors or on any of its committees,</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">adopt, amend or repeal bylaws,</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">authorize or approve the reacquisition of shares, except according to a formula or method prescribed by the Board of Directors, or</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">authorize or approve the issuance or sale or contract for sale of shares, or determine the designation and relative rights, preferences and limitations of a class or series of shares, except that the Board of Directors may authorize a committee to do so within limits specifically prescribed by the Board of Directors.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Procedures
for Director Nominations.</U> </B>Except as provided in Section 3.7 with respect to vacancies on the Board of Directors, only
persons nominated in accordance with the procedures set forth in this Section 3.6 shall be eligible for election as
directors. Nominations of persons for election to the Board of Directors may be made at a meeting of shareholders (i) by or
at the direction of the Board of Directors, or (ii) by any shareholder of the Corporation entitled to vote for the election
of directors at such meeting who complies with the notice procedures set forth in this Section 3.6. Such nominations, other
than those made by or at the direction of the Board of Directors, shall be made pursuant to timely notice in writing to the
Secretary of the Corporation. To be timely, a shareholder&rsquo;s notice must be delivered to or mailed and received at the
principal executive offices of the Corporation not less than 90 days nor more than 120 days prior to the date of a meeting;
provided, however, that if fewer than 100 days&rsquo; notice or prior public disclosure of the date of the meeting is given
or made to shareholders, notice by the shareholder to be timely must be so delivered or received not later than the close of
business on the 10th day following the earlier of (i) the day on which such notice of the date of such meeting was mailed or
(ii) the day on which such public disclosure was made. A shareholder&rsquo;s notice to the Secretary shall set forth (i) as
to each person whom the shareholder proposes to nominate for election or reelection as a director (a) the name, age,</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">business address and residence address of such person, (b) the
principal occupation or employment of such person, (c) the class and number of shares of the Corporation which are beneficially
owned by such person on the date of such shareholder&rsquo;s notice and (d) any other information relating to such person that
is required to be disclosed in solicitations of proxies for election of directors or, is otherwise required, in each case pursuant
to Regulation 14A under the Securities Exchange Act of 1934, as amended (including, without limitation, such person&rsquo;s written
consent to being named in the proxy statement as a nominee and to serving as a director if elected); and (ii) as to the shareholder
giving the notice (a) the name and address, as they appear on the Corporation&rsquo;s books, of such shareholder and any other
shareholders known by such shareholder to be supporting such nominees and (b) the class and number of shares of the Corporation
which are beneficially owned by such shareholder on the date of such shareholder&rsquo;s notice and by any other shareholders known
by such shareholder to be supporting such nominees on the date of such shareholder&rsquo;s notice. No person shall be eligible
for election as a director of the Corporation unless nominated in accordance with the procedures set forth in this Section 3.6.
The Chairman of the meeting shall, if the facts warrant, determine and declare to the meeting that a nomination was not made in
accordance with the procedures prescribed by these Bylaws, and if the Chairman should so determine, the Chairman shall so declare
to the meeting and the defective nomination shall be disregarded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vacancies;
Removal from Office.</U> </B>Except as otherwise provided by law or by the Charter, newly created directorships resulting
from any increase in the authorized number of directors or any vacancies on the Board of Directors resulting from death,
resignation, retirement, disqualification or any other cause (except removal from office) shall be filled only by the Board
of Directors, provided that a quorum is then in office and present, or only by a majority of the directors then in office, if
less than a quorum is then in office or by the sole remaining director. Any vacancies on the Board of Directors resulting
from removal from office may be filled by the affirmative vote of the holders of at least a majority of the voting power of
all outstanding voting stock or, if the shareholders do not so fill such a vacancy, by a majority of the directors then in
office. Directors elected to fill a newly created directorship or other vacancy shall hold office for a term expiring at the
next shareholders&rsquo; meeting at which directors are elected and until such director&rsquo;s successor has been duly
elected and qualified. A director of the Corporation may be removed by the shareholders only for cause by the affirmative
vote of the holders of at least a majority of the voting power of all outstanding voting stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Place
of Meetings.</U> </B>The directors may hold meetings of the Board of Directors or of a committee thereof at the principal
office of the Corporation in Memphis, Tennessee, or at such other place or places, either in the State of Tennessee or
elsewhere, as the Board of Directors or the members of the committee, as applicable, may from time to time determine by
resolution or by written consent or as may be specified in the notice of the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Quorum.</U> </B>A
majority of the directors shall constitute a quorum for the transaction of business, but a smaller number may adjourn from
time to time, without further notice, if the time and place to which the meeting is adjourned are fixed at the meeting
at which the adjournment is taken and if the period of adjournment does not exceed thirty (30) days in any one (1)
adjournment. 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 vote of a greater number is required by law, the Charter, or these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Regular
Meetings.</U> </B>Following each annual meeting of shareholders, the newly elected directors, together with the incumbent
directors whose terms do not expire at such meeting, shall meet for the purpose of organization, the appointment of officers
and the transaction of other business, and, if a majority of the directors be present at such place, day and hour, no prior
notice of such meeting shall be required to be given to the directors. The place, day and hour of such meeting may also be
fixed by resolution or by written consent of the directors. In addition, the Board of Directors may approve an annual
schedule for additional regular meetings of the Board of Directors and of committees thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Special
Meetings.</U> </B>Special meetings of the Board of Directors may be called by the Chairman of the Board, the Chief Executive
Officer, or the President, and shall be called by the Chairman of the Board or Secretary on the written request of a majority
of directors then in office. Special meetings of any committee of the Board of Directors may be called by the person or
persons specified in the resolution of the Board of Directors establishing the committee or, for any standing committee, by
its chairperson. Advance notice of any special meeting shall be given to each director or committee member, as appropriate,
as provided in the next sentence. Each special meeting shall be called: on two days&rsquo; notice by mail or other physical
delivery service; on one day&rsquo;s notice</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">by telegram, cablegram, telex, or other similar service; or
on two hours&rsquo; notice given personally or by telephone, by facsimile transmission, or by any electronic transmission method.
The notice shall state the day and hour of the meeting and the place where the meeting is to be held. Special meetings of the directors
may be held at any time on written waiver of notice or by consent of all the directors, either of which may be given before, at
the time of, or after the meeting. Each director is deemed to agree and consent to receive a notice of any meeting in electronic
form delivered by electronic transmission, provided however that a director may deliver to the Secretary and the Chairman of the
Board an explicit objection to such form or delivery method, in which case notice will be given to that director in another form
or by another method, as applicable. Any such objection shall apply only to the meeting to which it relates unless it explicitly
provides for ongoing effect; no such ongoing objection shall continue in effect after the director&rsquo;s then-current term ends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Action
without a Meeting.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
lieu of a meeting of the Board of Directors or of a committee thereof, directors may take any action which they are required or
permitted to take, without a meeting, by written consent setting forth the action so taken. Such written consent, singly or in
counterparts, shall be signed by each of the directors entitled to vote thereon and shall be delivered to an Authorized Recipient.
The following persons are Authorized Recipients of written consents: the Corporation&rsquo;s Secretary, any Assistant Secretary,
or any other person authorized by the Board of Directors, the Secretary, or an Assistant Secretary in a particular case to receive
written consents. If all the directors entitled to vote consent to taking such action without a meeting, the affirmative vote of
the number of directors necessary to authorize or take such action at a meeting is the act of the Board of Directors or committee,
as appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without
limiting the generality of the foregoing, any such action may be signed and delivered to the Corporation in conformity with any
of, or any combination of, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Courier 10cpi; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 36pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">A written consent may be signed manually or by facsimile. For this purpose &ldquo;facsimile&rdquo; includes any image of a manual signature, whether on paper or in an electronic format.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(ii)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">A written consent may be signed electronically as permitted by law, except to the extent explicitly limited by these bylaws or by Board action. Examples of electronic signatures include: the manual signature of the director created and placed on an electronic written consent using a stylus or otherwise; the typed or other written name of the director appearing in an email, text message, or other electronic communication where the context indicates the director&rsquo;s intent for the name to constitute or have the effect of a signature; and, within any electronic system which the Secretary or any Assistant Secretary has selected to use for this purpose, marking or otherwise indicating electronically the director&rsquo;s approval, disapproval, or other vote. Neither such communication, nor any vote record created or retained by the system, need include the text of or a copy of the written consent which is signed electronically so long as the Authorized Recipient can reasonably determine the relationship of the signature to the consent signed.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(iii)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">A signed written consent on any physical medium may be delivered by any physical means.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(iv)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">A facsimile of a signed written consent may be delivered by any physical means or by any electronic transmission, subject to paragraph (vi). Examples of the latter include:&nbsp;&nbsp;transmitting to an Authorized Recipient by email a scanned image of the manually signed written consent or of a manually signed signature page thereof; and, transmitting to an Authorized Recipient by email the electronic written consent document with the director&rsquo;s signature, or a facsimile, electronically placed within the document.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(v)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">If a written consent is signed electronically, delivery to the Corporation may be accomplished by any electronic transmission, subject to paragraph (vi). For example, the transmission by a director to an Authorized Recipient of an email which refers to a written consent document previously delivered to the director, which indicates his or her vote(s) or recusal, and which includes an electronic signature would be an acceptable means of delivery.</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Courier 10cpi; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 36pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(vi)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">In the case of any delivery by electronic transmission: (A) the recipient must be able to receive and interpret the transmission either by using the Corporation&rsquo;s equipment and systems or by using other equipment and systems which the recipient has available and is willing to use for this purpose; and (B) transmission may be to the recipient&rsquo;s Corporation-provided email address or text-enabled device, or (to the extent permitted by the recipient either before or after receipt) may be to the recipient&rsquo;s personal email address or text-enabled device. In the latter case, the recipient&rsquo;s permission may be express or implied from his or her actions following receipt.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
director may change or revoke his or her vote related to an action by written consent only if the change or revocation is signed
and delivered in a manner permitted for the initial vote as provided in this section and only if the action by written consent
has not yet become effective. A director may not revoke his or her consent to take an action without a meeting. A director may
instruct an Authorized Recipient to hold the director&rsquo;s signed consent in escrow on the director&rsquo;s behalf, in which
case delivery of such consent shall not be effective until released by the director or until the occurrence of one or more events
explicitly identified by the director as conditions to his or her delivery. If an escrow has been established, the Authorized Recipient&rsquo;s
good faith determination of whether and when delivery is effected shall be conclusive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Secretary is authorized to implement, administer, and interpret this Section so as to promote consistency and reliability as well
as convenience and efficiency. Each Authorized Recipient is authorized to determine in each case whether and when a written consent
has been fully signed and delivered as provided in this section. The records of the Board or Committee, as applicable, may contain,
in lieu of or in addition to copies of each manual or facsimile signature, one or more certifications by the Secretary and/or other
Authorized Recipient(s) to the effect, collectively, that each director required to sign and deliver the written consent did so,
specifying the date on which the last consent to be delivered was delivered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
director who signs or delivers an action by written consent using any electronic form or transmission method is deemed to have
agreed and consented to the use of such form and method.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a committee established by the Board of Directors consists of at least one director and at least one non-director officer, each
reference in this section and Section 3.13 to &ldquo;director&rdquo; shall include each such officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Teleconference
Meetings.</U> </B>Directors may participate in a meeting of the Board of Directors or of a committee thereof by, or conduct a
meeting through the use of, any means of communication by which all directors participating may simultaneously hear each
other during the meeting. A director so participating is deemed to be present in person at such meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Chairman
of the Board.</U> </B>The Chairman of the Board shall preside at all meetings of the shareholders and of the Board of
Directors (except, with respect to meetings of the Board of Directors, as may be otherwise determined by the Board of
Directors) and shall have such powers and perform such duties as may be provided for herein and as are normally incident to
the position and as may be assigned by the Board of Directors. If and at such times as the Board of Directors so determines,
the Chairman of the Board may also serve as the Chief Executive Officer of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>3.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vice
Chairmen.</U> </B>Vice Chairmen shall perform such duties and exercise such powers as may be prescribed by the Board of
Directors or the Chairman of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE FOUR</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>OFFICERS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Designated
Officers.</U> </B>The officers of the Corporation shall consist of such officers as are required by the Tennessee Business
Corporation Act and such other officers, including officers identified in Sections 4.8 through 4.21 below, as the Board of
Directors determines from time to time, along with such other officers and assistant officers as may be from time to time
determined and appointed in accordance with the provisions of this Article Four. The title of any officer may include any
additional descriptive designation determined to be</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">appropriate. Any person may hold two or more offices, except
that the President shall not also be the Secretary or an Assistant Secretary. The officers need not be directors, and officers
need not be shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Appointment
of Officers.</U> </B>Except as otherwise provided in this Section 4.2, the officers of the Corporation shall be appointed by
the Board of Directors at the annual organizational meeting of the Board of Directors following the annual meeting of
shareholders. The Board of Directors hereby delegates to the Compensation Committee of the Board of Directors: (i) the power
to create corporate offices; (ii) the power to define the authority and responsibility of such offices, except to the extent
such authority or responsibility would not be consistent with the law or the Charter; and (iii) the power to appoint persons
to any office of the Corporation except the offices of the Chief Executive Officer; President; Chief Operating Officer;
Secretary; and any office the incumbent in which is designated by the Board as an Executive Officer (as defined in Section
4.5 hereof). In addition, the Board of Directors hereby delegates (a) to the Chief Human Resources Officer the authority to
appoint persons to any office of the Corporation of the level of Senior Vice President and below at any time and (b) to the
Chief Executive Officer the authority to appoint persons to any office of the Corporation of the level of Executive Vice
President and below at any time; provided, however, that the Board of Directors may not delegate such authority with respect
to those offices to which the Compensation Committee of the Board can not appoint persons pursuant to clause (iii) above.
Notwithstanding anything to the contrary in this Article Four of the Bylaws, the Board of Directors retains the authority at
any time to create corporate offices; to define the authority and responsibility of such offices, except to the extent such
authority or responsibility would not be consistent with the law or the Charter; to appoint all officers and such other
officers and agents as it shall deem necessary, who shall exercise such powers and perform such duties as shall be determined
from time to time by the Board of Directors; and, except with respect to the Secretary and to any office the incumbent in
which is designated by the Board as an Executive Officer (as defined in Section 4.5 hereof), to delegate all such authority
to a committee of the Board of Directors and to delegate only the authority to appoint such officers or agents to one or more
officers of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Term.</U> </B>The
officers of the Corporation shall be appointed for a term of one (1) year and until their successors are appointed and
qualified, subject to the right of removal specified in Section 4.4 of these Bylaws. The designation of a specified term
does not grant to any officer any contract rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vacancies,
Resignations and Removal.</U> </B>If the office of any officer or officers becomes vacant for any reason, the vacancy may be
filled by the Board of Directors or, if such officer was, or could have been, appointed by a committee or another officer, by
such committee or such other officer. Any officer may resign at any time by delivering a written notice to the Chairman of
the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Secretary, or that Executive Officer
who is the Chief Human Resources Officer (as defined in Section 4.15) or to whom that officer reports, or the designee of any
of them, which shall be effective upon delivery unless it specifies a later date acceptable to the Corporation. Any Executive
Officer (as defined in Section 4.5 below) and the Secretary shall be subject to removal at any time with or without cause
only by the affirmative vote of a majority of the Board of Directors. Any other officer shall be subject to removal at any
time with or without cause by the affirmative vote of a majority of the Board of Directors, and in the event the officer was,
or could have been, appointed by a committee or another officer, then by such other officer or by the affirmative vote of a
majority of either such committee or the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Executive
Officers.</U> </B>&ldquo;Executive Officers&rdquo; shall be those officers of the Corporation expressly designated from time
to time in a resolution or resolutions of the Board of Directors as being &lsquo;executive officers&rsquo; for purposes of
these Bylaws or for purposes of any rule or regulation of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended. The fact that an officer&rsquo;s title contains the word &ldquo;executive&rdquo; and
appears in a Board resolution shall not, by itself, constitute an executive officer designation as provided in this
Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation.</U> </B>The
Board of Directors, or a committee thereof, shall fix the compensation of Executive Officers of the Corporation.
The compensation of officers who are not Executive Officers shall be fixed by the Board of Directors, by a committee thereof,
or by management under such policies and procedures as shall be established by the Board of Directors or a committee
thereof.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Delegation
of Officer Duties.</U> </B>In case of the absence of any officer of the Corporation, or for any reason that the Board of
Directors (or, in addition, in the case of any officer appointed by a committee or another officer, such committee or such
officer or any other committee or any other officer which could appoint such officer pursuant to Section 4.2 of these Bylaws)
may deem sufficient, the Board of Directors (or committee or other officer, as applicable) may delegate, for the time being,
the powers or duties, or any of them, of such officer to any other officer, or to any director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Chief
Executive Officer.</U> </B>The Chief Executive Officer, in the absence of the Chairman of the Board, shall preside at all
meetings of the shareholders and of the Board of Directors (except, with respect to meetings of the Board of Directors, as
may be otherwise determined by the Board of Directors). The Chief Executive Officer shall be responsible for carrying out the
orders of and the resolutions and policies adopted by the Board of Directors and shall have general management of the
business of the Corporation and shall exercise general supervision over all of its affairs. In addition, the Chief Executive
Officer shall have such powers and perform such duties as may be provided for herein and as are normally incident to the
office and as may be prescribed by the Board of Directors. If and at such time as the Board of Directors so determines, the
Chief Executive Officer may also serve as the President of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>President.</U> </B>The
President, in the absence of the Chairman of the Board and the Chief Executive Officer, shall preside at all meetings of the
shareholders and of the Board of Directors (except, with respect to meetings of the Board of Directors, as may be
otherwise determined by the Board of Directors). The President shall be the Chief Executive Officer of the Corporation unless
the Board of Directors has appointed another person to such office, in which case the President shall be the Chief Operating
Officer of the Corporation. The President shall have such powers and perform such duties as may be provided for herein and as
are normally incident to the office and as may be prescribed by the Board of Directors or the Chief Executive Officer. In
addition, unless the Board of Directors has appointed another person to the office of Chief Operating Officer, the President
shall also have such powers and perform such duties as may be provided for herein with respect to the Chief Operating Officer
and as are normally incident to the office of Chief Operating Officer and as may be prescribed for the Chief Operating
Officer by the Board of Directors or the Chief Executive Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Chief
Operating Officer.</U> </B>The Chief Operating Officer, if other than the President, shall have charge of the day-to-day
operations of the Corporation and shall have such powers and perform such duties as may be provided for herein and as are
normally incident to the office and as may be prescribed by the Board of Directors, the Chief Executive Officer, or the
President.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Chief
Financial Officer.</U> </B>The Chief Financial Officer shall be the principal financial officer of the Corporation. The Chief
Financial Officer is authorized to sign any document filed with the Securities and Exchange Commission or any state
securities commission on behalf of the Corporation and shall perform such duties and exercise such powers as are normally
incident to the office and as may be prescribed by the Board of Directors or the Chief Executive Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Chief
Credit Officer.</U> </B>The Chief Credit Officer shall perform such duties and exercise such powers as are normally incident
to the office and as may be prescribed by the Board of Directors or the Chief Executive Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General
Counsel.</U> </B>The General Counsel is authorized to sign any document filed with the Securities and Exchange Commission or
any state securities commission on behalf of the Corporation and shall perform such duties and exercise such powers as are
normally incident to the office and as may be prescribed by the Board of Directors or the Chief Executive Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Chief
Risk Officer.</U> </B>The officer in charge of overall risk management, whatever his or her title (&ldquo;Chief Risk
Officer&rdquo;), shall perform such duties and exercise such powers as are normally incident to the office and as may be
prescribed by the Board of Directors or the Chief Executive Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Chief
Human Resources Officer.</U> </B>The officer in charge of human resources, whatever his or her title (&ldquo;Chief Human
Resources Officer&rdquo;), shall perform such duties and exercise such powers as are normally incident to the office and as
may be prescribed by the Board of Directors or the Chief Executive Officer.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Business
Segment Presidents and Business Segment Chief Operating Officers.</U> </B>Each officer of the Corporation who is designated
as or has the functions of a president or a chief operating officer of a substantial business line, division, segment, or
group (as applicable, a &ldquo;Business Segment President&rdquo; or &ldquo;Business Segment Chief Operating Officer&rdquo;)
shall perform such duties and exercise such powers as are normally incident to his or her office and as may be prescribed by
the Board of Directors, the Chief Executive Officer, the President, or the Chief Operating Officer. Two or more persons may
share the duties and authorities of a Business Segment President or Business Segment Chief Operating Officer as determined by
the Board of Directors, the Chief Executive Officer, the President, or the Chief Operating Officer. For this purpose, a
business line, division, segment, or group is substantial if <FONT STYLE="font-weight: normal">the officer who is designated
as or has the functions of</FONT> its president or chief operating officer is an Executive Officer or if it is expressly
identified as a &ldquo;segment&rdquo; or &ldquo;business segment&rdquo; of the Corporation for financial accounting
purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Senior
Executive Vice Presidents, Executive Vice Presidents, Senior Vice Presidents, and Vice Presidents.</U> </B>Each Senior
Executive Vice President, Executive Vice President, Senior Vice President, and Vice President shall perform such duties and
exercise such powers as are normally incident to his or her office and as may be prescribed by the Board of Directors, a
committee thereof, the Chief Executive Officer, the President, the Chief Operating Officer or, with respect to Senior Vice
Presidents and Vice Presidents only, the Chief Human Resources Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Secretary.</U> </B>The
Secretary is authorized to sign any document filed with the Securities and Exchange Commission or any state
securities commission on behalf of the Corporation. The Secretary shall attend all sessions of the Board of Directors and of
the shareholders and record all votes and the minutes of all proceedings in books to be kept for that purpose. The Secretary
shall give or cause to be given notice of all meetings of the shareholders and of the Board of Directors, shall authenticate
records of the Corporation, and shall perform such other duties as are incident to the office or as may be prescribed by the
Board of Directors or the Chief Executive Officer. In the absence or disability of the Secretary, the Assistant Secretary or
such other officer or officers as may be authorized by the Board of Directors or Executive &amp; Risk Committee thereof shall
perform all the duties and exercise all of the powers of the Secretary and shall perform such other duties as the Board of
Directors or the Chief Executive Officer shall prescribe. In addition, from time to time officers holding the office of
Limited Assistant Secretary may be appointed with such officer&rsquo;s power limited to the power to attest the signature of
another officer. Such Limited Assistant Secretary will have no other power as an officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Treasurer.</U> </B>The
Treasurer shall have the custody of the funds and securities of the Corporation and shall keep full and accurate accounts of
receipts and disbursements in books belonging to the Corporation and shall deposit all monies and other valuable effects
in the name and to the credit of the Corporation in such depositories as may be designated by the Board of Directors. The
Treasurer shall disburse the funds of the Corporation as may be ordered by the Board of Directors, the Chief Executive
Officer, the Chief Financial Officer, the President, or the Chief Operating Officer, taking proper vouchers for such
disbursements, and shall render to the Board of Directors, the Chief Executive Officer, the Chief Financial Officer, the
President, or the Chief Operating Officer, whenever they may require it, an account of all of his or her transactions as
Treasurer and of the financial condition of the Corporation, and at a regular meeting of the Board of Directors preceding the
annual shareholders&rsquo; meeting, a like report for the preceding year. The Treasurer shall keep or cause to be kept an
account of stock registered and transferred in such manner and subject to such regulations as the Board of Directors may
prescribe. The Treasurer shall give the Corporation a bond, if required by the Board of Directors, in such a sum and in form
and with security satisfactory to the Board of Directors for the faithful performance of the duties of the office and the
restoration to the Corporation, in case of his or her death, resignation or removal from office, of all books, papers,
vouchers, money and other property of whatever kind in his or her possession, belonging to the Corporation. The Treasurer
shall perform such other duties as the Board of Directors, the Chief Executive Officer, the Chief Financial Officer, the
President, or the Chief Operating Officer may from time to time prescribe or require. In the absence or disability of the
Treasurer, the Assistant Treasurer shall perform all the duties and exercise all of the powers of the Treasurer and shall
perform such other duties as the Board of Directors, the Chief Executive Officer, the Chief Financial Officer, the President,
or the Chief Operating Officer shall prescribe.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Auditor.</U> </B>The
officer in charge of the internal audit function, whatever his or her title (&ldquo;Auditor&rdquo;), shall perform such
duties and exercise such powers as are normally incident to the office and as may be prescribed by the Board of Directors or
the Audit Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Chief
Accounting Officer.</U> </B>The Chief Accounting Officer shall be the principal accounting officer of the Corporation. The Chief
Accounting Officer is authorized to sign any document filed with the Securities and Exchange Commission or any state securities
commission on behalf of the Corporation and shall assist the management of the Corporation in setting the financial goals and policies
of the Corporation, shall provide financial and statistical information to the shareholders and to the management of the Corporation
and shall perform such other duties and exercise such other powers as may be prescribed by the Board of Directors, the Chief Executive
Officer, the Chief Financial Officer, the President or the Chief Operating Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.22&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Officers.</U> </B>Officers holding such other offices as may be created pursuant to Sections 4.1 and 4.2 of these Bylaws
shall have such authority and perform such duties and exercise such powers as may be prescribed by the Board of Directors, a
committee thereof, the Chief Executive Officer, the President, the Chief Operating Officer or, with respect to officers of
the level of Senior Vice President and below, the Chief Human Resources Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>4.23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Officer
Committees.</U> </B>The Board of Directors, by resolution adopted by a majority of the entire Board of Directors, may
designate one or more committees consisting of two or more officers or consisting of at least one director and at least one
officer. The Board of Directors may delegate to such committee or committees all such authority that the Board of Directors
deems desirable that is permitted by law. Members of such committees may take action without a meeting and may participate in
meetings to the same extent and in the same manner that directors may take action and may participate pursuant to Sections
3.12 and 3.13 of these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE FIVE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SHARES OF STOCK</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certificates.</U> </B>The
certificates representing shares of stock of the Corporation shall be numbered, shall be entered in the books or records of
the Corporation as they are issued, and shall be signed by the Chief Executive Officer and any one of the following: the
President, the Treasurer, or the Secretary. Either or both of the signatures upon a certificate may be facsimiles if the
certificate is countersigned by a transfer agent, or registered by a registrar other than an officer or employee of the
Corporation. Each certificate shall include the following upon the face thereof:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Courier 10cpi; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 36pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">A statement that the Corporation is organized under the laws of the State of Tennessee;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">The name of the Corporation;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">The name of the person to whom issued;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">The number and class of shares, and the designation of the series, if any, which such certificate represents;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">The par value of each share represented by such certificate; or a statement that the shares are without par value; and</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(f)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Such other provisions as the Board of Directors may from time to time require.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Shares
Not Represented by Certificates.</U> </B>Notwithstanding the provisions of Section 5.1 of these Bylaws, shares of any class
of stock of the Corporation may be issued without certificates. The Corporation shall send to each shareholder to whom
uncertificated shares have been issued or transferred at the appropriate time any written statement providing information
about such shares, which is required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock
Transfers and Record Dates.</U> </B>Transfers of shares of stock shall be made upon the books of the Corporation by the
record owner or by an attorney, lawfully constituted in writing, and upon surrender of any</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">certificate therefor. The Board of Directors may appoint suitable
agents in Memphis, Tennessee, and elsewhere to facilitate transfers by shareholders under such regulations as the Board of Directors
may from time to time prescribe. The transfer books may be closed by the Board of Directors for such period, not to exceed 40 days,
as may be deemed advisable for dividend or other purposes, or in lieu of closing the books, the Board of Directors may fix in advance
a date as the record date for determining shareholders entitled notice of and to vote at a meeting of shareholders, or entitled
to payment of any dividend or other distribution. The record date for voting or taking other action as shareholders shall not be
less than 10 days nor more than 70 days prior to the meeting date or action requiring such determination of shareholders. The record
date for dividends and other distributions shall not be less than 10 days prior to the payment date of the dividend or other distribution.
All certificates surrendered to the Corporation for transfer shall be canceled, and no new certificate shall be issued until the
former certificate for like number of shares shall have been surrendered and canceled, except that in case of a lost or destroyed
certificate a new one may be issued on the terms prescribed by Section 5.5 of these Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>5.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Record
Owners.</U> </B>The Corporation shall be entitled to treat the holder of record of any share or shares of stock as the holder
in fact thereof; and, accordingly, shall not be bound to recognize any equitable or other claim to or interest in such share
on the part of any other person, whether or not it shall have express or other notice thereof, except as required by
applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>5.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lost,
Destroyed, Stolen or Mutilated Certificates.</U> </B>The agent for transfer of the Corporation&rsquo;s stock may issue new
share certificates in place of certificates represented to have been lost, destroyed, stolen or mutilated upon receiving an
indemnity satisfactory to the agent and the Secretary or Treasurer of the Corporation, without further action of the Board of
Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE SIX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>INDEMNIFICATION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
of Officers When Wholly Successful.</U> </B>If any current or former officer of the Corporation [including for purposes of
this Article an individual who, while an officer, is or was serving another corporation or other enterprise (including an
employee benefit plan and a political action committee, which serves the interests of the employees of the Corporation or any
of its subsidiaries) in any capacity at the request of the Corporation and unless the context requires otherwise the estate
or personal representative of such officer] is wholly successful, on the merits or otherwise, in the defense of any
threatened, pending or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative and
whether formal or informal (&ldquo;Proceeding&rdquo;), to which the officer was a party because he or she is or was an
officer of the Corporation, the officer shall be indemnified by the Corporation against all reasonable expenses, including
attorney fees, incurred in connection with such Proceeding, or any appeal therein. As used in this Article,
&ldquo;Proceeding&rdquo; shall include, but is not limited to, any threatened, pending or contemplated action, suit or
proceeding, whether civil, criminal, administrative, or investigative, and whether formal or informal, arising out of or
alleging any acts, errors, or omissions by the officer in the rendering or failure to render professional services,
including legal and accounting services, for or at the request of the Corporation or any of its subsidiaries; provided such
professional services are within the reasonably anticipated scope of the officer&rsquo;s duties. Additionally, as used in
this Article, &ldquo;Proceeding&rdquo; shall include, but is not limited to, any threatened, pending or contemplated action,
suit or proceeding arising out of or alleging negligence on the part of the Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
of Officers When Not Wholly Successful.</U> </B>If any current or former officer of the Corporation has not been wholly
successful on the merits or otherwise, in the defense of a Proceeding, to which the officer was or was threatened to be made
a party because he or she was or is an officer, the officer shall be indemnified by the Corporation against any judgment,
settlement, penalty, fine (including any excise tax assessed with respect to an employee benefit plan), or other liability
and any reasonable expenses, including attorney fees, incurred as a result of such Proceeding, or any appeal therein, if
authorized in the specific case after a determination has been made that indemnification is permissible because the following
standard of conduct has been met:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Courier 10cpi; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 36pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">The officer conducted himself or herself in good faith, and</FONT></TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Courier 10cpi; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 36pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">The officer reasonably believed: (i) in the case of conduct in the officer&rsquo;s official capacity as an officer of the Corporation that the officer&rsquo;s conduct was in the Corporation&rsquo;s best interest; and (ii) in all other cases that the officer&rsquo;s conduct was at least not opposed to its best interests; and</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">In the case of any criminal proceeding, the officer had no reasonable cause to believe his or her conduct was unlawful;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">provided, however, the Corporation may not indemnify an officer
in connection with a Proceeding by or in the right of the Corporation in which the officer was adjudged liable to the Corporation
or in connection with any other proceeding charging improper benefit to the officer, whether or not involving action in his or
her official capacity, in which the officer was adjudged liable on the basis that personal benefit was improperly received by the
officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Procedures
for Indemnification Determinations.</U> </B>The determination required by Section 6.2 herein shall be made as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Courier 10cpi; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 36pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">By the Board of Directors by a majority vote of a quorum consisting of directors not at the time parties to the Proceeding;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">If a quorum cannot be obtained, by majority vote of a committee duly designated by the Board of Directors (in which designation directors who are parties may participate) consisting solely of two or more directors not at the time parties to the Proceeding;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">By independent special legal counsel: (i) selected by the Board of Directors or its committee in the manner prescribed in subsection (a) or (b); or (ii) if a quorum of the Board of Directors cannot be obtained under subsection (a) and a committee cannot be designated under subsection (b), selected by majority vote of the full Board of Directors (in which selection directors who are parties may participate); or, if a determination pursuant to subsections (a), (b), or (c) of this Section 6.3 cannot be obtained, then</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">By the shareholders, but shares owned by or voted under the control of directors who are at the time parties to the Proceeding may not be voted on the determination.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Serving
at the Request of the Corporation.</U> </B>An officer of the Corporation shall be deemed to be serving another corporation or
other enterprise or employee benefit plan or political action committee at the request of the Corporation only if such
request is reflected in the records of the Board of Directors or a committee appointed by the Board of Directors for the
purpose of making such requests. Approval by the Board of Directors, or a committee thereof, may occur before or after
commencement of such service by the officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Advancement
of Expenses.</U> </B>The Corporation shall pay for or reimburse reasonable expenses, including attorney fees, incurred by an
officer who is a party to a Proceeding in advance of the final disposition of the Proceeding if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Courier 10cpi; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 36pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">The officer furnishes to the Corporation a written affirmation of the officer&rsquo;s good faith belief that the officer has met the standard of conduct described in Section 6.2 herein;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">The officer furnishes to the Corporation a written undertaking, executed personally or on behalf of the officer, to repay the advance if it is ultimately determined that the officer is not entitled to indemnification; and</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">A determination is made that the facts then known to those making the determination would not preclude indemnification under this bylaw.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Undertaking
Required for Expenses.</U> </B>The undertaking required by Section 6.5 herein must be an unlimited general obligation of the
officer but need not be secured and may be accepted without reference to financial ability to make repayment.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Procedures
for Expense Determinations.</U> </B>Determinations and authorizations of payments under Section 6.5 herein shall be made in
the same manner as is specified in Section 6.3 herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
of Employees and Former Directors.</U> </B>Every employee and every former director of the Corporation shall be indemnified
by the Corporation to the same extent as officers of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Nonexclusivity
of Right of Indemnification.</U> </B>The right of indemnification set forth above shall not be deemed exclusive of any other
rights, including, but not limited to, rights created pursuant to Section 6.11 of these Bylaws, to which an officer,
employee, or former director seeking indemnification may be entitled. No combination of rights shall permit any officer,
employee or former director of the Corporation to receive a double or greater recovery.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Mandatory
Indemnification of Directors and Designated Officers.</U> </B>The Corporation shall indemnify each of its directors and such
of the non-director officers of the Corporation or any of its subsidiaries as the Board of Directors may designate, and shall
advance expenses, including attorney&rsquo;s fees, to each director and such designated officers, to the maximum extent
permitted (or not prohibited) by law, and in accordance with the foregoing, the Board of Directors is expressly authorized to
enter into individual indemnity agreements on behalf of the Corporation with each director and such designated officers which
provide for such indemnification and expense advancement and to adopt resolutions which provide for such indemnification and
expense advancement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>6.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Insurance.</U> </B>Notwithstanding
anything in this Article Six to the contrary, the Corporation shall have the additional power to purchase and maintain
insurance on behalf of any person who is or was a director, officer, employee, or agent of the Corporation, or who, while a
director, officer, employee or agent of the Corporation, is or was serving at the request of the Corporation as a
director, officer, partner, trustee, employee, or agent of another foreign or domestic corporation, partnership, joint
venture, trust, employee benefit plan, political action committee, or other enterprise, against liability asserted against or
incurred by the person in that capacity or arising from the person&rsquo;s status as a director, officer, employee, or agent,
whether or not the Corporation would have the power to indemnify the person against the same liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE SEVEN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>RETIREMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Employee
Directors.</U> </B>Directors who are not also officers of the Corporation or its affiliates shall be retired from the Board
of Directors as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Courier 10cpi; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 36pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Any director who shall attain the age of seventy-two (72) on or before the last day of the term for which he or she was elected shall not be nominated for re-election and shall be retired from the Board of Directors at the expiration of such term; provided, however, that the Board in the exercise of its discretion may increase the mandatory retirement age by three years to age seventy-five (75) for any director.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">For the purpose of maintaining a board of active business and professional persons, directors leaving the principal position (other than by a promotion) held at their last election (by retirement or otherwise) will be expected to tender their resignation for consideration by the Board of Directors within three months following the Board&rsquo;s next regularly scheduled meeting. A resignation will be accepted unless the Board in its judgment determines that (i) the director has assumed another position in which he or she is actively engaged in directing, managing or providing professional services through or to a public, private, non-profit or educational organization or is maintaining sufficient involvement in other activities that would be important to ensure effective service as a Board member, including consideration of the sufficiency of financial, technological, operational, civic, corporate governance-related, governmental or educational activities and/or service as a director of one or more other public companies, (ii) the director is so engaged in a specific project for the Board as to make his or her resignation detrimental to the Corporation, or (iii) it is beneficial to the Board and in the best interests of the Corporation for the director to continue for such period of time as the Board deems appropriate, or to continue subject to the satisfaction of one or more conditions established by the Board.</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Except for the incumbent Chairman of the Board on April 20,
2009, who shall be treated as a non-employee director for purposes of these Bylaws, and except as may be otherwise determined by
the Board of Directors, directors who are also officers of the Corporation or any of its affiliates will be retired from the Board
of Directors on the date of the annual meeting coincident with or next following the date of the director&rsquo;s retirement from
or other discontinuation of active service with the Corporation and its affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Officers
and Employees.</U> </B>Except as provided in the following sentence, the Corporation has no compulsory retirement age for its
officers or employees. Each officer or employee who has attained 65 years of age and who, for the two-year period immediately
before attaining such age, has been employed in a &ldquo;bona fide executive&rdquo; or a &ldquo;high policy-making&rdquo;
position as those terms are used and defined in the Age Discrimination in Employment Act, Section 12(c), and the regulations
relating to that section prescribed by the Equal Employment Opportunity Commission, all as amended from time to time
(collectively, the &ldquo;ADEA&rdquo;), shall automatically be terminated by way of compulsory retirement and his or her
salary discontinued on the first day of the month coincident with or immediately following the 65th birthday, provided such
employee is entitled to an immediate nonforfeitable annual retirement benefit, as specified in the ADEA, in the aggregate
amount of at least $44,000. Notwithstanding the prior sentence, the Board of Directors, in its discretion, may continue any
such officer or employee in service and designate the capacity in which he or she shall serve, and shall fix the remuneration
he or she shall receive. The Board of Directors may also re-employ any former officer who had theretofore been retired.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE EIGHT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXECUTION OF DOCUMENTS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definition
of &ldquo;Document.&rdquo;</U> </B>For purposes of this Article Eight of the Bylaws, the term &ldquo;document&rdquo; shall mean
a document of any type, including, but not limited to, an agreement, contract, instrument, power of attorney, endorsement, assignment,
transfer, stock or bond power, deed, mortgage, deed of trust, lease, indenture, conveyance, proxy, waiver, consent, certificate,
declaration, receipt, discharge, release, satisfaction, settlement, schedule, account, affidavit, security, bill, acceptance, bond,
undertaking, check, note or other evidence of indebtedness, draft, guaranty, letter of credit, and order.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Execution
of Documents.</U> </B>Except as expressly provided in Section 4.18 of these Bylaws (with respect to the Limited Assistant
Secretary) and Section 5.1 of these Bylaws (with respect to signatures on certificates representing shares of stock of the
Corporation), the Chief Executive Officer, the President, the Chief Operating Officer, any Business Segment President, any
Business Segment Chief Operating Officer, any Senior Executive Vice President, any Executive Vice President, any Senior Vice
President, any Vice President, the Chief Financial Officer, the Chief Credit Officer, the General Counsel, the Chief Risk
Officer, the Chief Human Resources Officer, the Chief Accounting Officer, the Treasurer, the Secretary, and any other
officer, or any of them acting individually, may (i) execute and deliver in the name and on behalf of the Corporation or in
the name and on behalf of any division or department of the Corporation any document pertaining to the business, affairs, or
property of the Corporation or any division or department of the Corporation, and (ii) delegate to any other officer,
employee or agent of the Corporation the power to execute and deliver any such document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>8.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Method
of Execution by Secretary and Other Officers.</U> </B>Unless otherwise required by law, the signature of the Secretary on any
document may be a facsimile, and the signature of any other officer approved by the Chief Executive Officer or Secretary,
before or after the fact, to use a facsimile signature on any document may be a facsimile. The Secretary shall maintain a
list of all officers approved to use a facsimile signature.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE NINE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EMERGENCY BYLAWS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>9.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Definition
of &ldquo;Emergency.&rdquo;</U> </B>The provisions of this Article Nine shall be effective only during an &ldquo;emergency.&rdquo;
An &ldquo;emergency&rdquo; shall be deemed to exist whenever any two of the officers identified in Section 9.2 of these Bylaws
in good faith determine that a quorum of the directors cannot readily be assembled because of a catastrophic event.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
of Meeting.</U> </B>A meeting of the Board of Directors may be called by any one director or by any one of the following
officers: Chief Executive Officer, President, the Chief Operating Officer, any Business Segment President, any Business
Segment Chief Operating Officer, any Senior Executive Vice President, any Executive Vice President, Chief Credit Officer,
Chief Financial Officer, Chief Accounting Officer, General Counsel, Chief Risk Officer, Chief Human Resources Officer,
Secretary, or any Executive Officer. Notice of such meeting need be given only to those directors whom it is practical to
reach by any means the person calling the meeting deems feasible, including, but not limited to, by publication and radio.
Such notice shall be given at least two hours prior to commencement of the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>9.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Quorum
and Substitute Directors.</U></B> If a quorum has not been obtained, then one or more officers of the Corporation or the Bank
present at the emergency meeting of the Board of Directors, as are necessary to achieve a quorum, shall be considered to be substitute
directors for purposes of the meeting, and shall serve in order of rank, and within the same rank in order of seniority determined
by hire date by the Corporation, the Bank or any of their subsidiaries. In the event that less than a quorum of the directors (including
any officers who serve as substitute directors for the meeting) are present, those directors present (including such officers serving
as substitute directors) shall constitute a quorum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>9.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Action
at Meeting.</U> </B>The Board as constituted pursuant to Section 9.3 and after notice has been provided pursuant to Section
9.2 may take any of the following actions: (i) prescribe emergency powers of the Corporation, (ii) delegate to any officer or
director any of the powers of the Board of Directors, (iii) designate lines of succession of officers and agents in the event
that any of them are unable to discharge their duties, (iv) relocate the principal office or designate alternative or
multiple principal offices, and (v) take any other action that is convenient, helpful, or necessary to carry on the business
of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>9.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effectiveness
of Non-emergency Bylaws.</U> </B>All provisions of these Bylaws not contained in this Article Nine, which are consistent with
the emergency bylaws contained in Article Nine, shall remain effective during the emergency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>9.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Emergency.</U> </B>Any emergency causing this Article Nine to become operative shall be deemed to be terminated whenever
either of the following conditions is met: (i) the directors and any substitute directors determine by a majority vote at a
meeting that the emergency is over or (ii) a majority of the directors elected pursuant to the provisions of these Bylaws
other than this Article Nine hold a meeting and determine that the emergency is over.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>9.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Action
Taken in Good Faith.</U> </B>Any corporate action taken in good faith in accordance with the provisions of this Article Nine
binds the Corporation and may not be used to impose liability on any director, substitute director, officer, employee or
agent of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE TEN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>MISCELLANEOUS PROVISIONS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fiscal
Year.</U> </B>The Board of Directors of the Corporation shall have authority from time to time to determine whether the
Corporation shall operate upon a calendar year basis or upon a fiscal year basis, and if the latter, said Board of Directors
shall have power to determine when the said fiscal year shall begin and end.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dividends.</U> </B>Dividends
on the capital stock of the Corporation may be declared by the Board of Directors at any regular or special meeting pursuant
to law. Before payment of any dividend, there may be set aside out of any funds of the Corporation available for
dividends such sum or sums as the directors from time to time, in their absolute discretion, think proper as a reserve fund
to meet contingencies, or for equalizing dividends or for repairing or maintaining any property of the Corporation, or for
such other purposes as the directors shall think conducive to the interest of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Seal.</U> </B>This
Corporation shall have a Corporate Seal which shall consist of an imprint of the name of the Corporation, the state of its
incorporation, the year of incorporation and the words &ldquo;Corporate Seal.&rdquo; The Corporate Seal shall not be
required to establish the validity or authenticity of any document executed in the name and on behalf of the Corporation.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices.</U> </B>Whenever
notice is required to be given to any director, officer or shareholder under any of the provisions of the law, the Charter,
or these Bylaws (except for notice required by Sections 2.8 and 3.6 of these Bylaws), it shall not be construed to require
personal notice, but such notice may be given in writing by depositing the same in the United States mail, postage
prepaid, or by telegram, teletype, facsimile transmission or other form of wire, wireless, or other electronic communication
or by private carrier addressed to such shareholder at such address as appears on the Corporation&rsquo;s current record of
shareholders, and addressed to such director or officer at such address as appears on the records of the Corporation. If
mailed as provided above, notice to a shareholder shall be deemed to be effective at the time when it is deposited in the
mail. Notice need not be given in the same manner to all shareholders, directors, officers, or other persons. A
shareholder&rsquo;s, a director&rsquo;s, an officer&rsquo;s, or another person&rsquo;s address may be a physical location, a
mailing address, or an electronic address.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>10.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Bylaw
Amendments.</U> </B>The Board of Directors shall have power to make, amend and repeal the Bylaws or any Bylaw of the
Corporation by vote of not less than a majority of the directors then in office, at any regular or special meeting of the
Board of Directors. The shareholders may make, amend and repeal the Bylaws or any Bylaw of this Corporation at any annual
meeting or at a special meeting called for that purpose only by the affirmative vote of the holders of at least eighty
percent (80%) of the voting power of all outstanding voting stock, and all Bylaws made by the directors may be amended or
repealed by the shareholders only by the vote of the holders of at least eighty percent (80%) of the voting power of all
outstanding voting stock. Without further authorization, at any time the Bylaws are amended, the Secretary is authorized to
restate the Bylaws to reflect such amendment, and the Bylaws, as so restated, shall be the Bylaws of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>10.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authority
to Vote Shares.</U> </B>The Chief Executive Officer, the President, the Chief Operating Officer, any Business Segment
President or Business Segment Chief Operating Officer who is an Executive Officer, or the designee or designees of them or
any of them, are authorized, jointly or severally, to vote all shares (or other indicia of ownership) beneficially owned by
the Corporation for any purposes and to take any action on behalf of the Corporation that is required to be taken by the
Corporation as a shareholder or other beneficial owner of any entity whose shares (or other indicia of ownership) are
beneficially owned by the Corporation, which they, or any of them, deem appropriate at meetings, annual or special, or
without a meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>10.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Forms
of Writing and Execution; Methods of Delivery.</U> </B>Unless otherwise expressly provided by law, in the Charter, or in
these Bylaws: the terms &ldquo;writing&rdquo; and &ldquo;written&rdquo; include any paper or electronic document or record;
the terms &ldquo;sign,&rdquo; &ldquo;signature,&rdquo; and &ldquo;execute&rdquo; include any manual, facsimile, or electronic
signature or signature process; and, the terms &ldquo;deliver,&rdquo; &ldquo;delivery,&rdquo; and &ldquo;send&rdquo; include
any physical or electronic method of transmittal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"><B>10.8 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Forum
for Adjudication of Disputes.</U> </B>Unless the Corporation consents in writing to the selection of an alternative forum, the
sole and exclusive forum for (i) any derivative action or proceeding brought in the right of the Corporation, (ii) any action asserting
a claim of breach of a fiduciary duty owed by any director or officer or other employee of the Corporation to the Corporation or
the Corporation&rsquo;s shareholders, (iii) any action asserting a claim against the Corporation or any director or officer or
other employee of the Corporation arising pursuant to any provision of the Tennessee Business Corporation Act or the Charter or
these Bylaws (in each case, as they may be amended from time to time), or (iv) any action asserting a claim against the Corporation
or any director or officer or other employee of the Corporation governed by the internal affairs doctrine shall be a state or federal
court located within Shelby County in the State of Tennessee.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>EXHIBIT 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">[CONFORMED]</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">EXECUTION VERSION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EMPLOYMENT AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">THIS EMPLOYMENT AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;)
is made and entered into as of May 3, 2017, by and between First Horizon National Corporation, a Tennessee corporation (the &ldquo;<U>Company</U>&rdquo;),
and R. Eugene Taylor (the &ldquo;<U>Executive</U>&rdquo; and, together with the Company, the &ldquo;<U>parties</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">WHEREAS, Capital Bank Financial Corp., a
Delaware corporation (&ldquo;<U>Capital Bank</U>&rdquo;), and the Executive are parties to an Amended and Restated Employment Agreement,
dated as of October 19, 2016 (the &ldquo;<U>Prior Agreement</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">WHEREAS, the Company, Capital Bank, and Firestone
Sub, Inc., a Delaware corporation, have entered into an Agreement and Plan of Merger, dated May 3, 2017 (the &ldquo;<U>Merger Agreement</U>&rdquo;);
capitalized terms set forth herein and not defined have the meanings ascribed to such terms in the Merger Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">WHEREAS, as an inducement to the willingness
of the Company to enter into the Merger Agreement, the Executive is entering into this Agreement, which shall be effective as of
the Effective Time provided the Executive is still employed by Capital Bank as of immediately prior to the Effective Time, with
the terms and conditions set forth below, contingent upon the closing of the transactions contemplated by the Merger Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">NOW, THEREFORE, in consideration of the Executive&rsquo;s
continued employment, the Company&rsquo;s desire to protect its trade secrets, the mutual covenants and agreements set forth below,
and for other good and valuable consideration, it is hereby covenanted and agreed by the Executive and the Company as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Conditioned upon the Closing</U><FONT STYLE="text-underline-style: none">. The Company hereby agrees to employ the Executive, and
the Executive hereby accepts such employment, on the terms and conditions hereinafter set forth. The parties agree that this Agreement&rsquo;s
effectiveness shall be conditioned upon the occurrence of the Closing. If the Merger Agreement terminates prior to the Closing,
this Agreement shall be void <I>ab initio</I> and be of no further force or effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Period</U>. The term of the Executive&rsquo;s employment
under this Agreement will commence at the Effective Time and end on the second anniversary of the Effective Time (the &ldquo;<U>Employment
Period</U>&rdquo;), unless terminated earlier pursuant to Section 5 of this Agreement or extended by mutual agreement of the Executive
and the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Position
and Duties</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the Employment Period, the Executive shall (i) serve as the Vice Chairman of the Company, with principal responsibilities to serve
as an ambassador to the Capital Bank markets, to maintain and transition Capital Bank relationships, to assist in developing new
business and relationships, and to otherwise be available to consult with and carry out such other duties as may be reasonably
requested by the Chief Executive Officer of the Company (the &ldquo;<U>CEO</U>&rdquo;) and (ii) report solely to the CEO. In addition,
effective as of the Effective Time, the Executive shall be appointed to the Board of Directors of the Company (the &ldquo;<U>Board</U>&rdquo;)
and, during the Employment Period, shall be nominated to serve on the Board. During</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0pt">the Employment Period, the Company shall provide
the Executive with an office at a location as reasonably requested by the Executive and, upon the Executive&rsquo;s request, non-exclusive
secretarial and administrative support.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Executive, during the Employment Period, shall devote such business time and attention as necessary to carry out the duties and
responsibilities described in Section 3(a) of this Agreement and he shall perform his duties faithfully and efficiently subject
to the directions of the CEO; <U>provided</U> that the Company and the Executive acknowledge that the duties and responsibilities
of the position of Vice Chairman as set forth in Section 3(a) shall not require the Executive to work for the Company on a full-time
basis; and <U>provided</U>, <U>further</U>, that the Executive shall not be required to carry out such duties and responsibilities
on the Company&rsquo;s premises. Notwithstanding the foregoing, nothing herein shall preclude the Executive (i) from participating
in or serving on the board of directors or similar governing body of charitable, religious, social or educational organizations
or (ii) from participating or serving on the board of directors or similar governing body of up to two public companies; <U>provided</U>
that such company is not a competitor of the Company and such participation does not reflect negatively on the Company and that
the Executive provides the Company with advance written notice of such participation; and <U>provided</U>, <U>further</U>, that
in the case of the Executive&rsquo;s board participation pursuant to either clause (i) or (ii) above, the Board determines in its
good faith discretion that such participation or service does not unreasonably interfere, individually or in the aggregate, with
the Executive&rsquo;s performance of his obligations to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company acknowledges and agrees that the Executive may, prior to the Effective Time (or, if not practicable prior to the Effective
Time, following the Effective Time), enter into a Rule 10b5-1 Plan providing for his liquidation of shares of common stock, par
value $0.625 per share, of the Company (&ldquo;<U>Company Common Stock</U>&rdquo;) and stock options to purchase shares of Company
Common Stock received by the Executive in connection with the Merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">4.  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation</U>. Subject to the terms of this Agreement,
during the Employment Period, while the Executive is employed by the Company, the Company shall compensate the Executive for his
services as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Base
Salary</U>. The Executive shall receive an annual base salary (&ldquo;<U>Annual Base Salary</U>&rdquo;) of no less than $700,000.
The Executive&rsquo;s Annual Base Salary shall be reviewed annually by the Compensation Committee of the Board (the &ldquo;<U>Compensation
Committee</U>&rdquo;) pursuant to its normal performance review policies for senior executives and may be increased but not decreased.
The term &ldquo;Annual Base Salary&rdquo; as utilized in this Agreement shall refer to Annual Base Salary as in effect from time
to time. Such Annual Base Salary shall be payable in monthly or more frequent installments in accordance with the Company&rsquo;s
payroll policies. The Company and the Executive acknowledge that, while the Executive is receiving compensation pursuant to this
Agreement, the Executive shall not be eligible to receive compensation in his capacity as a member of the Board in addition to
the compensation set forth in this Section 4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Annual
Incentive Payment</U>. With respect to each fiscal year or portion of a fiscal year of the Company ending during the Employment
Period, the Executive shall be awarded an annual incentive payment (the &ldquo;<U>Incentive Payment</U>&rdquo;) as determined by
the</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0pt">Compensation Committee in its discretion and,
if applicable, in accordance with the terms of the First Horizon National Corporation Management Incentive Plan; <U>provided</U>,
<U>however</U>, that the Executive&rsquo;s Incentive Payment for each fiscal year (or portion thereof) during the Employment Period
shall be no less than 100% of his Annual Base Salary for each fiscal year (or portion thereof) (the &ldquo;<U>Target Incentive
Payment</U>&rdquo;). Notwithstanding anything contained herein to the contrary, if the Executive receives a prorated bonus from
Capital Bank in respect of the fiscal year in which the Effective Time occurs, the Incentive Payment under this Section 4(b) shall
be prorated for the period commencing on the date on which the Effective Time occurs through the last date of such fiscal year.
Such Target Incentive Payment may be increased but not decreased in the sole discretion of the Company. The earned Incentive Payments
shall be paid to the Executive pursuant to the terms of the First Horizon National Corporation Management Incentive Plan; <U>provided</U>,
<U>however</U>, that any such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day of
the third month following the close of such fiscal year, unless the Executive shall elect to defer the receipt of such Incentive
Payment pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended
(the &ldquo;<U>Code</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Equity
Compensation</U>. On the date on which the Effective Time occurs, the Executive shall be granted an award of &ldquo;Restricted
Stock&rdquo; (as defined in the First Horizon National Corporation Equity Compensation Plan (the &ldquo;<U>Equity Plan</U>&rdquo;))
having a grant date &ldquo;Fair Market Value&rdquo; (as defined in the Equity Plan) equal to $2.1 million (the &ldquo;<U>Restricted
Stock Award</U>&rdquo;), which Restricted Stock Award shall (i) vest on the second anniversary of the Effective Time, subject to
the Executive&rsquo;s continued employment with the Company through such anniversary, (ii) shall become fully vested upon a termination
of the Executive&rsquo;s employment prior to such anniversary by the Company without Cause (as defined below), by the Executive
with Good Reason (as defined below), or due to the Executive&rsquo;s death or Disability (as defined below), and (iii) shall otherwise
have terms and conditions that are consistent with the service-based awards of Restricted Stock granted to similarly situated senior
executives of the Company (excluding any performance vesting conditions).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employee
Benefits, Fringe Benefits and Perquisites</U>. During the Employment Period, the Executive shall be eligible to participate in
the employee benefit, fringe benefit and perquisite plans and programs that are provided by the Company from time to time to the
Company&rsquo;s other senior executives, in each case, in accordance with the terms and conditions of such plans and programs.
If the Executive is not eligible to participate in any of the Company&rsquo;s welfare plans during the Employment Period (including
the Company&rsquo;s &ldquo;primetime&rdquo; program), the Company shall immediately commence providing the Executive with the benefits
provided under Section 6(a)(F) and the 36-month period referred to therein shall commence on the first date on which such benefits
are provided.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expense
Reimbursement</U>. During the Employment Period, the Company will reimburse the Executive for all reasonable expenses incurred
by him in the performance of his duties in accordance with the Company&rsquo;s policies applicable to senior executives and in
accordance with the requirements of Section 8(a)(ii) of this Agreement.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(f) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>D&amp;O
Insurance</U>. The Executive shall be covered by any directors&rsquo; and officers&rsquo; insurance that the Company shall have
in effect from time to time to the same extent as the other directors and officers of the Company are covered by such insurance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(g) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change
in Control Payment</U>. Immediately prior to the Effective Time, Capital Bank shall pay to the Executive the cash severance amount
under Section 6(a)(B) of the Prior Agreement that is payable upon a termination with &ldquo;Good Reason&rdquo; within the two-year
period following a &ldquo;Change in Control&rdquo; (as each such term is defined in the Prior Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Employment</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Death
or Disability</U>. The Executive&rsquo;s employment shall terminate automatically upon the Executive&rsquo;s death during the Employment
Period. If the Executive incurs a Disability during the Employment Period, the Company may provide the Executive with written notice
in accordance with Section 12(g) of this Agreement of its intention to terminate the Executive&rsquo;s employment. In such event,
the Executive&rsquo;s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the
Executive (the &ldquo;<U>Disability Effective Date</U>&rdquo;); <U>provided</U> that, within 30 days after such receipt, the Executive
shall not have returned to full-time performance of the Executive&rsquo;s duties. For purposes of this Agreement, &ldquo;<U>Disability</U>&rdquo;
shall mean the inability of the Executive to perform the Executive&rsquo;s duties with the Company on a full-time basis as a result
of incapacity due to mental or physical illness, which inability exists for 180 days during any consecutive 12-month period, as
determined by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive&rsquo;s legal
representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company</U>. The Company may terminate the Executive&rsquo;s employment during the Employment Period either with or without
Cause. For purposes of this Agreement, &ldquo;<U>Cause</U>&rdquo; shall mean:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;willful
misconduct or willful neglect by the Executive in the performance of his duties to the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Executive&rsquo;s willful failure to adhere materially to the clear directions of the Board or to adhere materially to the Company&rsquo;s
material written policies;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Executive&rsquo;s conviction of or formal admission to or plea of guilty or <I>nolo contendere</I> to a charge of commission of
a felony; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(iv) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Executive&rsquo;s willful breach of any of the material terms and conditions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">For purposes of this provision, no act or failure to act, on
the part of the Executive, shall be considered &ldquo;willful&rdquo; unless it is done, or omitted to be done, by the Executive
in bad faith or without reasonable belief that the Executive&rsquo;s action or omission was in the best interests of the Company.
Any act or failure to act based upon authority given pursuant to a resolution duly adopted by the Board or upon the advice of counsel
for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best
interests of the Company. To invoke a termination with Cause, the Company shall provide</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">written notice to the Executive of the existence of one or more
of the conditions described in clauses (i) through (iv) within 30 days following the Board&rsquo;s actual knowledge of the existence
of such condition or conditions, specifying in reasonable detail the conditions constituting Cause, and the Executive shall have
30 days following receipt of such written notice (the &ldquo;<U>Executive Cure Period</U>&rdquo;) during which it may remedy the
condition if such condition is reasonably subject to cure. In addition, in the case of a termination of the Executive&rsquo;s employment
with Cause other than as described in clause (iii) above, the cessation of employment of the Executive shall not be deemed to be
with Cause, unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative
vote of not less than a majority of the members of the Board other than the Executive at a meeting of the Board called and held
for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity, together with
counsel, to be heard before the Board), finding that, in the good faith opinion of the Board, the Executive is guilty of the conduct
described in clauses (i), (ii) or (iv) above, and specifying the particulars thereof in detail.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation</U>.
The Executive&rsquo;s employment may be terminated by the Executive during the Employment Period with or without Good Reason. For
purposes of this Agreement, &ldquo;<U>Good Reason</U>&rdquo; shall mean, in the absence of the written consent of the Executive:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
material diminution in the Executive&rsquo;s Annual Base Salary or Target Incentive Payment during the Employment Period;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
material diminution in the position, authority, duties or responsibilities of the Executive from those described in Section 3(a)
of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
requirement that the Executive report to an employee of the Company other than the CEO;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(iv) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
material failure by the Company to comply with the material terms of Section 4 of this Agreement during the Employment Period;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(v) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
other material breach of this Agreement by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">To invoke a termination with Good Reason, the Executive shall
provide written notice to the Company of the existence of one or more of the conditions described in clauses (i) through (v) within
30 days following the initial existence of such condition or conditions, specifying in reasonable detail the conditions constituting
Good Reason, and the Company shall have 30 days following receipt of such written notice (the &ldquo;<U>Company Cure Period</U>&rdquo;)
during which it may remedy the condition if such condition is reasonably subject to cure. If the Company fails to remedy the condition
constituting Good Reason during the applicable Company Cure Period, the Executive&rsquo;s &ldquo;separation from service&rdquo;
(within the meaning of Section 409A of the Code) must occur, if at all, within 60 days following such Company Cure Period for such
termination as a result of such condition to constitute a termination with Good Reason. Notwithstanding anything to the contrary
in this Agreement, a temporary suspension of the Executive&rsquo;s duties, authorities, employment or other roles hereunder not
in excess of 90 days by the Board based upon the Board&rsquo;s good faith judgment that such suspension is warranted pending investigation
of any</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">material allegations relating to the conduct of the Executive
or the conduct of the Company that may implicate the Executive shall not give rise to Good Reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
of Termination</U>. Any termination by the Company with Cause, or by the Executive with Good Reason, shall be communicated by Notice
of Termination to the other party hereto given in accordance with Section 12(g) of this Agreement. For purposes of this Agreement,
a &ldquo;<U>Notice of Termination</U>&rdquo; means a written notice that (i) indicates the specific termination provision in this
Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide
a basis for termination of the Executive&rsquo;s employment under the provision so indicated, and (iii) if the Date of Termination
(as defined below) is other than the date of receipt of such notice, specifies the termination date (which date shall be not more
than 30 days after the giving of such notice or 30 days after the end of the Company Cure Period, if applicable, in the case of
a termination by the Executive with Good Reason). The failure by the Executive or the Company to set forth in the Notice of Termination
any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the
Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance
in enforcing the Executive&rsquo;s or the Company&rsquo;s rights hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Date
of Termination</U>. For purposes of this Agreement, &ldquo;<U>Date of Termination</U>&rdquo; means (i) if the Executive&rsquo;s
employment is terminated by the Company without Cause, or by the Executive without Good Reason, the date of receipt of the Notice
of Termination or any later date specified therein within 30 days of such notice, as the case may be; (ii) if the Executive&rsquo;s
employment is terminated by the Executive with Good Reason, a date that is no later than 30 days after the Company Cure Period,
if applicable; (iii) if the Executive&rsquo;s employment is terminated by the Company with Cause, the Date of Termination shall
be the date on which the Company notifies the Executive of such termination (which shall not be until after the expiration of the
Executive Cure Period); and (iv) if the Executive&rsquo;s employment is terminated by reason of death or Disability, the Date of
Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Obligations
of the Company upon Termination of Employment</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation
by the Executive with Good Reason or Termination by the Company without Cause</U>. If, during the Employment Period, the Executive&rsquo;s
employment is terminated (i) by the Executive with Good Reason, or (ii) by the Company without Cause, and, except with respect
to the payment of Accrued Obligations and Other Benefits (as such terms are defined below), the Executive shall have executed and
delivered to the Company within 30 days of the Date of Termination a release of claims against the Company and its affiliates substantially
in the form attached as <U>Exhibit A</U> and not revoked such release, the Company shall pay to the Executive within 40 days after
the Date of Termination (except as otherwise required by law or provided below) or provide, as applicable, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 72pt">(A) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
lump sum cash payment consisting of: (1) the Executive&rsquo;s Annual Base Salary through the Date of Termination to the extent
not theretofore paid; (2) the annual Incentive Payment earned by the Executive for an award period ending prior to the Date of
Termination but not yet paid to the</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 0pt">Executive or, if no Incentive Payment
has been awarded for such period, the Target Incentive Payment (pro-rated as contemplated by Section 4(b) for any partial fiscal
year in which the Effective Time occurs) (other than any portion of such annual Incentive Payment that was previously deferred,
which portion shall instead be paid in accordance with the applicable deferral arrangement and any election thereunder); (3) any
accrued vacation or paid time off in accordance with the Company&rsquo;s vacation and paid time off policies, in each case, to
the extent not theretofore paid; and (4) any unreimbursed business expenses incurred prior to the Date of Termination (the sum
of the amounts described in clauses (1), (2), (3), and (4) shall be hereinafter referred to as the &ldquo;<U>Accrued Obligations</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 72pt">(B) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
lump sum cash payment equal to the product of the Target Incentive Payment <I>multiplied by </I>a fraction, the numerator of which
is the number of days elapsed in the fiscal year in which the Date of Termination occurs through the Date of Termination (or, if
the Effective Time occurs in 2017 and the Date of Termination occurs in 2017, the number of days elapsed between the date on which
the Effective Time occurs through the Date of Termination), and the denominator of which is the number of days in such fiscal year
(the &ldquo;<U>Pro Rata Bonus</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 72pt">(C) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
lump sum cash payment equal to product of (1) the sum of the Annual Base Salary and the Target Incentive Payment <I>multiplied
by</I> (2) the quotient of (x) the number of days from the Date of Termination through the second anniversary of the date on which
the Effective Time occurs <I>divided by</I> (y) 365;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 72pt">(D) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Restricted Stock Award shall immediately vest and become non-forfeitable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 72pt">(E) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent not theretofore paid or provided, the Company shall timely pay or provide to the Executive any other amounts or benefits
required to be paid or provided or which the Executive is entitled to receive under any plan, program, policy, practice, contract
or agreement of the Company and its affiliates through the Date of Termination (such other amounts and benefits shall be hereinafter
referred to as the &ldquo;<U>Other Benefits</U>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 72pt">(F) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall provide the Executive and the Executive&rsquo;s dependents with continued coverage under any health, medical, dental,
vision or life insurance program or policy in which the Executive was eligible to participate as of the time of the Executive&rsquo;s
employment termination, for 36 months following such termination (or such shorter period if such benefits commenced earlier as
contemplated by Section 4(d)) on terms no less favorable to the Executive and the Executive&rsquo;s dependents (including with
respect to payment for the costs thereof) than those in effect for employees generally, which coverage shall become secondary to
any coverage provided to the Executive by a subsequent employer and to any Medicare coverage for which the Executive becomes eligible
(the &ldquo;<U>Welfare Benefits</U>&rdquo;).</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company with Cause; Resignation by the Executive without Good Reason; Death; Disability; Termination upon Expiration</U>.
If, during the Employment Period, the Executive&rsquo;s employment is terminated by the Company with Cause, by the Executive without
Good Reason, or due to the Executive&rsquo;s death or Disability, this Agreement shall terminate without further obligations to
the Executive, other than the obligation to pay or provide (i) the Accrued Obligations (paid as set forth in Section 6(a)(A) of
this Agreement), (ii) the Other Benefits (paid in accordance with the provisions of the applicable plans), and (iii) the Welfare
Benefits (provided as set forth in Section 6(a)(F) of this Agreement). In addition, upon the Executive&rsquo;s termination of employment
due to his death or Disability, the Restricted Stock Award shall immediately vest and become non-forfeitable and the Executive
shall be entitled to receive the Pro Rata Bonus (payable within 40 days following the Date of Termination). Upon the Executive&rsquo;s
termination on or following the expiration of this Agreement, the Executive shall be entitled to receive (A) the Accrued Obligations
(paid as set forth in Section 6(a)(A) of this Agreement), (B) the Pro Rata Bonus (payable within 40 days following the Date of
Termination), (C) the Welfare Benefits (provided as set forth in Section 6(a)(F) of this Agreement), and (D) the Other Benefits
(paid in accordance with the provisions of the applicable plans).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Full
Settlement; Legal Fees</U>. The payments and benefits provided under this Section 6 (including, without limitation, the Other Benefits)
shall be in full satisfaction of the Company&rsquo;s obligations to the Executive upon his termination of employment, notwithstanding
the remaining length of the Employment Period, and in no event shall the Executive be entitled to severance benefits (or other
damages in respect of a termination of employment or claim for breach of this Agreement) beyond those specified in this Section
6. The Company agrees to pay as incurred (within 10 days following the Company&rsquo;s receipt of an invoice from the Executive),
at any time from the date on which the Effective Time occurs through the Executive&rsquo;s remaining lifetime (or, if longer, through
the 20th anniversary of the date on which the Effective Time occurs) to the full extent permitted by law, all legal fees and expenses
that the Executive may reasonably incur as a result of any contest (regardless of the outcome thereof) by the Company, the Executive,
or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance
thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), plus,
in each case, interest on any delayed payment at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code
based on the rate in effect for the month in which such legal fees and expenses were incurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Exclusivity
of Rights</U>. Nothing in this Agreement shall prevent or limit the Executive&rsquo;s continuing or future participation in any
plan, program, policy or practice provided by the Company or any of its affiliates and for which the Executive may qualify, nor
shall anything herein limit or otherwise affect such rights as the Executive may have under any other contract or agreement with
the Company or any of its affiliates. Without limiting the generality of the foregoing, the Executive&rsquo;s resignation under
this Agreement with or without Good Reason shall in no way affect the Executive&rsquo;s ability to terminate employment by reason
of the Executive&rsquo;s &ldquo;retirement&rdquo; under, or to be eligible to receive benefits (other than severance benefits)
under, any compensation and benefits plans, programs or arrangements of the Company or any of its affiliates, including, without
limitation, any retirement or pension plans or arrangements or substitute plans adopted by the Company or any of its affiliates
or their</P>

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    <!-- Field: /Page -->


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0pt">respective successors, and any termination
that otherwise qualifies as Good Reason shall be treated as such even if it is also a &ldquo;retirement&rdquo; for purposes of
any such plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">7. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Mitigation; No Offset</U>. The Company&rsquo;s obligation to make the payments provided for in this Agreement and otherwise to
perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right
or action that the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of
this Agreement, and such amounts shall not be reduced whether or not the Executive obtains other employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">8. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section
409A; Forfeiture</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section
409A</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.
It is intended that this Agreement shall comply with the provisions of Section 409A of the Code and the Treasury regulations relating
thereto, or an exemption to Section 409A of the Code. Any payments that qualify for the &ldquo;short-term deferral&rdquo; exception
or another exception under Section 409A of the Code shall be paid under the applicable exception. For purposes of the limitations
on nonqualified deferred compensation under Section 409A of the Code, each payment of compensation under this Agreement shall be
treated as a separate payment of compensation. To the extent required to avoid taxes and penalties under Section 409A of the Code,
all payments to be made upon a termination of employment under this Agreement shall be made upon a &ldquo;separation from service&rdquo;
under Section 409A of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>In-Kind
Benefits and Reimbursements</U>. Notwithstanding anything to the contrary in this Agreement, all (A) reimbursements and (B) in-kind
benefits provided under this Agreement that are subject to Section 409A of the Code shall be made or provided in accordance with
the requirements of Section 409A of the Code, including, where applicable, the requirement that (1) the amount of expenses eligible
for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement,
or in-kind benefits to be provided, in any other calendar year; (2) the reimbursement of an eligible expense will be made no later
than the last day of the calendar year following the year in which the expense is incurred; and (3) the right to reimbursement
or in-kind benefits is not subject to liquidation or exchange for another benefit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Delay
of Payments</U>. Notwithstanding anything to the contrary in this Agreement, to the extent required to avoid taxes and penalties
under Section 409A of the Code, if the Executive is considered a &ldquo;specified employee&rdquo; for purposes of Section 409A
of the Code (as determined in accordance with the methodology established by the Company as in effect on the date of termination),
any payment that constitutes nonqualified deferred compensation within the meaning of Section 409A of the Code that is otherwise
due to the Executive under this Agreement during the six-month period following his separation from service (as determined in accordance
with Section 409A of the Code) on account of his separation from service shall be</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 0pt">accumulated and paid to the Executive
on the first business day of the seventh month following his separation from service (the &ldquo;<U>Delayed Payment Date</U>&rdquo;).
The Executive shall be entitled to interest on any delayed cash payments from the date of termination to the Delayed Payment Date
at a rate equal to the applicable federal short-term rate in effect under Section 1274(d) of the Code for the month in which the
Executive&rsquo;s separation from service occurs. If the Executive dies during the postponement period, the amounts and entitlements
delayed on account of Section 409A of the Code shall be paid to the personal representative of his estate on the first to occur
of the Delayed Payment Date or 30 days after the date of the Executive&rsquo;s death.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Forfeiture</U>.
The policies of the Company relating to forfeiture or clawback shall apply to the Executive on the same basis as such policies
apply to similarly situated executives of the Company with respect to incentive compensation awarded to the Executive following
the Effective Time. The parties agree that any compensation under this Agreement shall also be subject to clawback/forfeiture provisions
required by any law applicable to the Company, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection
Act and/or any applicable regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">9. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Treatment
of Certain Payments</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anything
in this Agreement to the contrary notwithstanding, in the event the Accounting Firm (as defined below) shall determine that receipt
of all Payments (as defined below) would subject the Executive to the excise tax under Section 4999 of the Code, the Accounting
Firm shall determine whether to reduce any of the Payments paid or payable pursuant to this Agreement (the &ldquo;<U>Agreement
Payments</U>&rdquo;) so that the Parachute Value (as defined below) of all Payments, in the aggregate, equals the Safe Harbor Amount
(as defined below). The Agreement Payments shall be so reduced only if the Accounting Firm determines that the Executive would
have a greater Net After-Tax Receipt (as defined below) of aggregate Payments if the Agreement Payments were so reduced. If the
Accounting Firm determines that the Executive would not have a greater Net After-Tax Receipt of aggregate Payments if the Agreement
Payments were so reduced, the Executive shall receive all Agreement Payments to which the Executive is entitled hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Accounting Firm determines that aggregate Agreement Payments should be reduced so that the Parachute Value of all Payments,
in the aggregate, equals the Safe Harbor Amount, the Company shall promptly give the Executive notice to that effect and a copy
of the detailed calculation thereof. All determinations made by the Accounting Firm under this Section 9 shall be binding upon
the Company and the Executive and shall be made as soon as reasonably practicable and in no event later than 15 days following
the Date of Termination. For purposes of reducing the Agreement Payments so that the Parachute Value of all Payments, in the aggregate,
equals the Safe Harbor Amount, only amounts payable under this Agreement (and no other Payments) shall be reduced. The reduction
of the amounts payable hereunder, if applicable, shall be made by reducing the payments and benefits under the following sections
in the following order: (i) cash payments that do not constitute deferred compensation within the meaning of Section 409A of the
Code, and (ii) cash payments that do constitute deferred compensation, in each case, beginning with payments or benefits that are
to be paid the furthest in time from the Accounting Firm&rsquo;s determination. All reasonable fees and expenses of the</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0pt">Accounting Firm shall be borne solely by the
Company. For purposes of all present value determinations required to be made under this Section 9, the Company and the Executive
elect to use the applicable federal rate that is in effect on the Effective Date pursuant to Treasury Regulations &sect; 1-280G,
Q&amp;A-32.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent requested by the Executive, the Company shall cooperate with the Executive in good faith in valuing, and the Accounting
Firm shall take into account the value of, services provided or to be provided by the Executive (including, without limitation,
the Executive&rsquo;s agreeing to refrain from performing services pursuant to a covenant not to compete or similar covenant, before,
on or after the date of a change in ownership or control of the Company (within the meaning of Q&amp;A-2(b) of the final regulations
under Section 280G of the Code)), such that payments in respect of such services may be considered reasonable compensation within
the meaning of Q&amp;A-9 and Q&amp;A-40 to Q&amp;A-44 of the final regulations under Section 280G of the Code and/or exempt from
the definition of the term &ldquo;parachute payment&rdquo; within the meaning of Q&amp;A-2(a) of the final regulations under Section
280G of the Code in accordance with Q&amp;A-5(a) of the final regulations under Section 280G of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following terms shall have the following meanings for purposes of this Section 9:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Accounting
Firm</U>&rdquo; shall mean a nationally recognized certified public accounting firm or other professional organization that is
a certified public accounting firm recognized as an expert in determinations and calculations for purposes of Section 280G of the
Code that is selected by Capital Bank prior to the Effective Time for purposes of making the applicable determinations hereunder
and is reasonably acceptable to the Executive, which firm shall not, without the Executive&rsquo;s consent, be a firm serving as
accountant or auditor for the individual, entity or group effecting the &ldquo;change in ownership or control&rdquo; (within the
meaning of Section 280G of the Code).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Net
After-Tax Receipt</U>&rdquo; shall mean the present value (as determined in accordance with Sections 280G(b)(2)(A)(ii) and 280G(d)(4)
of the Code) of a Payment net of all taxes imposed on the Executive with respect thereto under Sections 1 and 4999 of the Code
and under applicable state and local laws, determined by applying the highest marginal rate under Section 1 of the Code and under
state and local laws that applied to the Executive&rsquo;s taxable income for the immediately preceding taxable year, or such other
rate(s) as the Accounting Firm determines to be likely to apply to the Executive in the relevant tax year(s).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Parachute
Value</U>&rdquo; of a Payment shall mean the present value as of the date of the change of control for purposes of Section 280G
of the Code of the portion of such Payment that constitutes a &ldquo;parachute payment&rdquo; under Section 280G(b)(2) of the Code,
as determined by the Accounting Firm for purposes of determining whether and to what extent the excise tax under Section 4999 of
the Code will apply to such Payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(iv) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Payment</U>&rdquo;
shall mean any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to
or for the</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 0pt">benefit of the Executive, whether
paid or payable pursuant to this Agreement or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">(v) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Safe
Harbor Amount</U>&rdquo; shall mean 2.99 times the Executive&rsquo;s &ldquo;base amount,&rdquo; within the meaning of Section 280G(b)(3)
of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-indent: 72pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
provisions of this Section 9 shall survive the expiration of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">10. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictive
Covenants</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Return
of Company Property</U>. Upon his termination of employment for any reason, the Executive shall promptly return to the Company
any keys, credit cards, passes, confidential documents or material, or other property belonging to the Company, and the Executive
shall also return all writings, files, records, correspondence, notebooks, notes and other documents and things (including any
copies thereof) containing confidential information or relating to the business or proposed business of the Company or its affiliates
or containing any trade secrets relating to the Company or its affiliates, in each case, in the Executive&rsquo;s possession, except
for any personal diaries, calendars, rolodexes or personal notes or correspondence. For purposes of the preceding sentence, the
term &ldquo;trade secrets&rdquo; shall have the meaning ascribed to it under the Uniform Trade Secrets Act. The Executive agrees
to represent in writing to the Company upon termination of employment that he has complied with the foregoing provisions of this
Section 10(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Mutual
Nondisparagement</U>. The Executive and the Company each agree that, following the Executive&rsquo;s termination of employment,
neither the Executive, nor the Company will make any public statements that materially disparage the other party. The Company shall
not be liable for any breach of its obligations under this Section 10(b) if it informs its directors and executive officers, as
such term is defined in Rule 3b-7 promulgated under the Securities Exchange Act of 1934, as amended (the &ldquo;<U>Exchange Act</U>&rdquo;),
of the content of its covenant hereunder and takes reasonable measures to ensure that such individuals honor the Company&rsquo;s
agreement. Notwithstanding the foregoing, nothing in this Section 10(b) shall prohibit any person from making truthful statements
when required by order of a court or other governmental or regulatory body having jurisdiction or to enforce any legal right, including,
without limitation, the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Information</U>. The Executive agrees that, during his employment with the Company and at all times thereafter, he shall hold for
the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its affiliates,
and their respective businesses, which shall have been obtained by the Executive during the Executive&rsquo;s employment by the
Company or during his consultation with the Company after his termination of employment, and which is not public knowledge (other
than by acts by the Executive or representatives of the Executive in violation of this Agreement). Except in the good faith performance
of his duties for the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be
required by law or legal process, communicate or divulge any such information, knowledge or data to anyone other than the Company
and those designated by it.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Nonsolicitation</U>.
The Executive agrees that, while he is employed by the Company and during the one-year period following his termination of employment
with the Company (the &ldquo;<U>Restricted Period</U>&rdquo;), the Executive shall not, directly or indirectly, (i) solicit any
individual who is, on the Date of Termination (or was, during the six-month period prior to the Date of Termination), employed
by the Company or its affiliates to terminate or refrain from renewing or extending such employment or to become employed by or
become a consultant to any other individual or entity other than the Company or its affiliates or (ii) induce or attempt to induce
any customer or investor (in each case, whether former, current or prospective), supplier, licensee or other business relation
of the Company or any of its affiliates to cease doing business with the Company or such affiliate, or in any way interfere with
the relationship between any such customer, investor, supplier, licensee or business relation, on the one hand, and the Company
or any of its affiliates, on the other hand.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Noncompetition</U>.
The Executive agrees that, during the Restricted Period, he will not engage in Competition (as defined below). The Executive shall
be deemed to be engaging in &ldquo;<U>Competition</U>&rdquo; if he, directly or indirectly, anywhere in the continental United
States in which the Company conducts business or has plans to conduct business, owns, manages, operates, controls or participates
in the ownership, management, operation or control of or is connected as an officer, employee, partner, director, consultant or
otherwise with, or has any financial interest in, any business (whether through a corporation or other entity) engaged in the commercial
banking business or in any other financial services business that is competitive with any portion of the business conducted by
the Company or any of its affiliates. Ownership for personal investment purposes only of less than 2% of the voting stock of any
publicly held corporation shall not constitute a violation hereof. Notwithstanding the foregoing, the restriction above shall not
prohibit the Executive from entering into employment with, or providing services to, any subsidiary, division, affiliate or unit
of an entity (a &ldquo;<U>Related Unit</U>&rdquo;) if that Related Unit does not engage in business that is in Competition with
the Company, irrespective of whether some other Related Unit of that entity is in Competition with the Company (as long as the
Executive does not engage in or assist in the activities of any Related Unit that is in Competition with the Company).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(f) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Equitable
Remedies</U>. The Executive acknowledges that the Company would be irreparably injured by a violation of Section 10(b), 10(c),
10(d), or 10(e) and he agrees that the Company, in addition to any other remedies available to it for such breach or threatened
breach, on meeting the standards required by law, shall be entitled to a preliminary injunction, temporary restraining order, or
other equivalent relief, restraining the Executive from any actual or threatened breach of Section 10(b), 10(c), 10(d), or 10(e).
If a bond is required to be posted in order for the Company to secure an injunction or other equitable remedy, the parties agree
that said bond need not be more than a nominal sum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(g) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability;
Blue Pencil</U>. The Executive acknowledges and agrees that he has had the opportunity to seek advice of counsel in connection
with this Agreement and the restrictive covenants contained herein are reasonable in geographical scope temporal duration and in
all other respects. If it is determined that any provision of this Section 10 is invalid or unenforceable, the remainder of the
provisions of this Section 10 shall not thereby be affected and shall be given full effect, without regard to the invalid portions.
If any court or other decision-maker of competent jurisdiction determines that any of the covenants in this Section 10</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0pt">is unenforceable because of the duration or
geographic scope of such provision, then after such determination becomes final and unappealable, the duration or scope of such
provision, as the case may be, shall be reduced so that such provision becomes enforceable, and in its reduced form, such provision
shall be enforced. Notwithstanding any provision of this Agreement to the contrary, the covenants set forth in this Section 10
are not intended to, and shall be interpreted in a manner that does not, limit or restrict the Executive from exercising any legally
protected whistleblower rights (including pursuant to Rule 21F under the Exchange Act).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">11. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive.
This Agreement and any rights and benefits hereunder shall inure to the benefit of and be enforceable by the Executive&rsquo;s
legal representatives, heirs or legatees. This Agreement and any rights and benefits hereunder shall inure to the benefit of and
be binding upon the Company and its successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially
all of the business and/or assets of the Company to assume expressly and agree to satisfy all of the obligations under this Agreement
in the same manner and to the same extent that the Company would be required to satisfy such obligations if no such succession
had taken place. As used in this Agreement, &ldquo;Company&rdquo; shall mean the Company as hereinbefore defined and any successor
to its business and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">12. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Miscellaneous</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>.
This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective
successors and legal representatives; <U>provided</U>, <U>however</U>, that, notwithstanding the foregoing, the Company may amend
or modify this Agreement if it determines in good faith that it is necessary to do so in order to comply with applicable legal
and/or regulatory requirements or guidance, including, without limitation, the final Guidance on Sound Incentive Compensation Policies
issued on June 21, 2010 by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System,
the Federal Deposit Insurance Corporation and the Office of Thrift Supervision and Section 956 of the Dodd-Frank Wall Street Reform
and Consumer Protection Act, or in the formal and conclusive interpretation thereof by any regulator or agency of competent jurisdiction
(it being understood that any such amendment will not decrease in any material manner the economic value of the incentive compensation
opportunities currently provided for in this Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>.
The Company may withhold from any amounts payable under this Agreement such federal, state, local or foreign taxes as shall be
required to be withheld pursuant to any applicable law or regulation.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Applicable
Law</U>. The provisions of this Agreement shall be construed in accordance with the internal laws of the State of New York, without
regard to the conflict of law provisions of any state.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dispute
Resolution</U>. Any controversy or claim arising out of or relating to this Agreement or the breach of this Agreement (other than
a controversy or claim arising under Section 10 of this Agreement) that is not resolved by the Executive and the Company shall
be submitted to arbitration in New York, New York in accordance with New York law and the procedures of the American Arbitration
Association. The determination of the arbitrator shall be conclusive and binding on the Company and the Executive and judgment
may be entered on the arbitrator(s)&rsquo; awards in any court having competent jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U>.
The invalidity or unenforceability of any provision of this Agreement will not affect the validity or enforceability of any other
provision of this Agreement, and this Agreement will be construed as if such invalid or unenforceable provision were omitted (but
only to the extent that such provision cannot be appropriately reformed or modified).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(f) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waiver
of Breach</U>. No waiver by any party hereto of a breach of any provision of this Agreement by any other party, or of compliance
with any condition or provision of this Agreement to be performed by such other party, will operate or be construed as a waiver
of any subsequent breach by such other party of any similar or dissimilar provisions and conditions at the same or any prior or
subsequent time. The failure of any party hereto to take any action by reason of such breach will not deprive such party of the
right to take action at any time while such breach continues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(g) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.
Notices and all other communications provided for in this Agreement shall be in writing and shall be delivered personally or sent
by registered or certified mail, return receipt requested, postage prepaid, or prepaid overnight courier to the parties at the
addresses set forth below (or such other addresses as shall be specified by the parties by like notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 0pt">to the Company:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 105pt; text-indent: 0pt">First Horizon National Corporation<BR>
165 Madison Avenue<BR>
Memphis, Tennessee 38103<BR>
<I>Attention</I>: Executive Vice President &ndash; General Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 108pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; text-indent: 0pt">or to the Executive:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 105pt; text-indent: 0pt">At the address last on the records
of the Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 108pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Each party, by written notice furnished to the other party,
may modify the applicable delivery address, except that notice of change of address shall be effective only upon receipt. Such
notices, demands, claims and other communications shall be deemed given in the case of delivery by overnight service with guaranteed
next day delivery, the next day or the day designated for delivery; or in the case of certified or registered U.S. mail, five days
after deposit</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">in the U.S. mail; <U>provided</U>, <U>however</U>, that in no
event shall any such communications be deemed to be given later than the date they are actually received.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(h) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Survivorship</U>.
Upon the expiration or other termination of this Agreement, the respective rights and obligations of the parties hereto shall survive
such expiration or other termination to the extent necessary to carry out the intentions of the parties under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement</U>. From and after the Effective Date, this Agreement shall supersede any other employment agreement or understanding
between the parties with respect to the subject matter hereof (including, without limitation, the Prior Agreement). The obligations
under this Agreement are enforceable solely against the Company and its successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 72pt">(j) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>.
This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together
constitute one and the same agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0pt">[<I>Signature Page Follows</I>]</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">IN WITNESS THEREOF, the Executive has hereunto
set his hand, and the Company has caused these presents to be executed in its name and on its behalf, all as of the day and year
first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="text-transform: uppercase">First Horizon National Corporation </FONT></TD></TR>
<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 0; text-indent: 0; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 47%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 4%; padding: 0; text-indent: 0">By:</TD>
    <TD STYLE="width: 49%; border-bottom: Black 1px solid; padding: 0 0 0 5pt; text-indent: 0">/s/ D. Bryan Jordan </TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Name: D. Bryan Jordan</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Title: Chairman of the Board, President and <BR>
Chief Executive Officer</TD></TR>
<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 0; text-indent: 0; font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 0; text-indent: 0">EXECUTIVE</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1px solid; padding: 0 0 0 5pt; text-indent: 0; font-size: 10pt">/s/ R. Eugene Taylor</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding: 0 0 0 5pt; text-indent: 0">R. Eugene Taylor</TD></TR>
</TABLE>

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<P STYLE="margin: 0"></P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>EXHIBIT 99.1</B></FONT></P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0"><B>First Horizon National Corp. Completes Acquisition of Capital
Bank Financial Corp.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">MEMPHIS, Tenn. &ndash; First Horizon National Corporation (NYSE:
FHN) announced today that it completed its acquisition of Capital Bank Financial Corp. (&ldquo;Capital Bank Financial&rdquo;).
Effective November 30, 2017, Capital Bank Financial merged into First Horizon, and its subsidiary, Capital Bank Corporation, merged
into First Tennessee Bank National Association.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">The merger brings together two respected financial institutions
under the First Horizon family of companies and creates the fourth largest regional bank in the Southeast with approximately <FONT STYLE="background-color: white">$40
billion in assets, $32 billion in deposits, $27 billion in loans and 350 branches in Tennessee, North Carolina, South Carolina,
Florida, Mississippi, Georgia, Texas and Virginia.&nbsp;</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-right: 0; margin-bottom: 7.5pt; margin-left: 0; background-color: white">&ldquo;We
are excited to complete the merger of First Horizon and Capital Bank Financial and expand the capabilities of our company,&rdquo;
said Bryan Jordan, chairman and CEO of First Horizon. &ldquo;We are proud to merge the talented teams at First Tennessee and Capital
Bank to create an even stronger regional bank that offers differentiated customer service and enhances our presence throughout
our markets.&rdquo;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="background-color: white">First Horizon, which is headquartered
in Memphis, will retain its First Tennessee Bank brand in Tennessee, where it has a 153-year history. Branches outside Tennessee
market areas will use the Capital Bank name.&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&ldquo;We&rsquo;re excited about this opportunity to be a part of
the region&rsquo;s most respected family of financial institutions with a history of exemplary customer service,&rdquo; said Gene
Taylor, chairman and CEO of Capital Bank Financial. &ldquo;There&rsquo;s no doubt that the strength and talent of these combined
organizations propels us forward and enhances our capacity to deliver sophisticated, high-touch financial service.&rdquo;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Taylor and Peter N. Foss, members of the Capital Bank Financial
Board of Directors, have joined the First Horizon Board of Directors. Taylor also became vice chairman of First Horizon.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-right: 0; margin-bottom: 7.5pt; margin-left: 0; background-color: white">Barclays
Capital Inc. and Morgan Stanley &amp; Co. LLC served as financial advisors to First Horizon, and Sullivan &amp; Cromwell LLP served
as First Horizon&rsquo;s legal advisor. Sandler O&rsquo;Neill + Partners L.P. and UBS Investment Bank served as financial advisors
to Capital Bank Financial, and Wachtell, Lipton, Rosen &amp; Katz served as Capital Bank Financial&rsquo;s legal advisor.</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin-right: 0; margin-bottom: 7.5pt; margin-left: 0; background-color: white"><B>About
First Horizon</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-right: 0; margin-bottom: 7.5pt; margin-left: 0; background-color: white">First
Horizon National Corp. (NYSE:FHN) provides financial services through its First Tennessee, Capital Bank, FTB Advisors, and FTN
Financial businesses. First Horizon operates 350 bank locations across the southern U.S. and 28 FTN Financial offices across the
entire U.S.&nbsp;Our banking subsidiary was founded in 1864 and has the 14th oldest national bank charter in the country. Our First
Tennessee and Capital Bank brands have the largest deposit market share in Tennessee and one of the highest customer retention
rates of any bank in the country. We have been ranked by American Banker as No. 5 among the Top 10 Most Reputable U.S. Banks. Our
FTB Advisors wealth management group has more than 300 financial advisors and about $30 billion in assets under administration.
FTN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional customers in
the U.S. and abroad. We have </P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-right: 0; margin-bottom: 7.5pt; margin-left: 0; background-color: white">been recognized as one of the nation&rsquo;s best employers by Working Mother and American Banker
magazines and the National Association for Female Executives. More information is available at www.FirstHorizon.com.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">This release contains certain &ldquo;forward-looking statements&rdquo;
within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to our beliefs, plans, goals, expectations,
and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations,
strategies, financial results or other developments. The words &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo;
&ldquo;intend,&rdquo; &ldquo;estimate,&rdquo; &ldquo;should,&rdquo; &ldquo;is likely,&rdquo; &ldquo;will,&rdquo; &ldquo;going forward,&rdquo;
and other expressions that indicate future events and trends identify forward-looking statements.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Forward-looking statements are necessarily based upon estimates
and assumptions that are inherently subject to significant business, operational, economic and competitive uncertainties and contingencies,
many of which are beyond the control of First Horizon, and many of which, with respect to future business decisions and actions,
are subject to change. Examples of uncertainties and contingencies include, among other important factors: global, general, and
local economic and business conditions, including economic recession or depression; actions of regulators and agencies and changes
in applicable laws and regulations; pending, threatened, or possible future regulatory, administrative, and judicial outcomes,
actions, and proceedings; current or future Executive orders; the possibility that the anticipated benefits of the transaction
will not be realized when expected or at all; diversion of management&rsquo;s attention from ongoing business operations and opportunities;
potential adverse reactions or changes to business or employee relationships, including those resulting from the transaction; First
Horizon&rsquo;s success in executing its business plan and strategies and managing the risks involved in the foregoing; and other
factors that may affect future results of First Horizon.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Additional factors that could cause results to differ materially
from those contemplated by forward-looking statements can be found in First Horizon&rsquo;s Annual Report on Form 10-K for the
year ended December 31, 2016, and in its subsequent Quarterly Reports on Form 10-Q filed with the SEC and available in the &ldquo;Investor
Relations&rdquo; section of First Horizon&rsquo;s website, http://www.firsthorizon.com, under the heading &ldquo;SEC Filings&rdquo;
and in other documents First Horizon files with the SEC.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">FHN-G</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>CONTACT: First Horizon</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Investor Relations, Aarti Bowman, (901) 523-4017</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Media Relations, James Dowd, (901) 523-4305</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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