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filed with the Securities and Exchange Commission on August 10,
2005</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 528pt; text-align: right; font-style: normal; line-height: 12pt; padding-top: 6pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 6pt; background-color: #ffffff;">Registration Statement No.
333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
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<p style="font-family:serif;font-weight:bold;color:#000000;font-size:16pt;  width: 528pt; text-align: center; font-style: normal; line-height: 18pt; padding-top: 3pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">UNITED
STATES<br> SECURITIES AND EXCHANGE COMMISSION</p>
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<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 528pt; text-align: center; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">FORM
S-8<br> REGISTRATION STATEMENT<br> UNDER<br> THE SECURITIES ACT OF
1933</p>
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<p style="font-family:serif;font-weight:bold;color:#000000;font-size:16pt;  width: 528pt; text-align: center; font-style: normal; line-height: 18pt; padding-top: 6pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">SUNTRUST
BANKS, INC.</p>
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specified in its charter)</p>
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<td style="font-family: serif; font-size: 8pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 0pt" align="center" valign="top" colspan="3">GEORGIA<br>(State or other jurisdiction of<br>
incorporation or organization)</td>
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<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 0pt" align="center" valign="top" colspan="3">58-1575035<br>(I.R.S. Employer<br> Identification
No.)</td>
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<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 528pt; text-align: center; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">303 Peachtree Street,
N.E.<br> Atlanta, Georgia 30308</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:8pt;  width: 528pt; text-align: center; font-style: normal; line-height: 10pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">(Address of Principal Executive
Offices)</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:16pt;  width: 528pt; text-align: center; font-style: normal; line-height: 18pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 6pt; background-color: #ffffff;">AMA/Lighthouse, Inc. 2002<br> Stock Option
Plan</p>
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<td bgcolor="#000000"><img src="spacer.gif" height="1"><img src="spacer.gif" height="1" width="79"></td>
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<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 528pt; text-align: center; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">RAYMOND D.
FORTIN<br> Corporate Executive Vice President<br> SunTrust Banks,
Inc.<br> 303 Peachtree Street, N.E.<br> Atlanta, Georgia 30308</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:8pt;  width: 528pt; text-align: center; font-style: normal; line-height: 10pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">(Name and address of Agent for
Service)</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 528pt; text-align: center; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">404-588-7165</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:8pt;  width: 528pt; text-align: center; font-style: normal; line-height: 10pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">(Telephone number, including area
code, of agent for service)</p>
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<font style="font-weight: normal; font-style: normal">CALCULATION OF
REGISTRATION
FEE</font>
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<td style="font-family: serif; font-size: 8pt; color: #000000; font-weight: bold; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="center" valign="bottom" colspan="3">Title
of Each Class<br>of Securities to<br>be
Registered</td>
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<td style="font-family: serif; font-size: 8pt; color: #000000; font-weight: bold; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="center" valign="bottom" colspan="3">Amount<br>to be<br>Registered</td>
<td style="border-bottom: 1px solid #000000"><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 8pt; color: #000000; font-weight: bold; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="center" valign="bottom" colspan="3">Proposed
Maximum<br>Offering Price<br>Per Share(1)</td>
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<td style="font-family: serif; font-size: 8pt; color: #000000; font-weight: bold; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="center" valign="bottom" colspan="3">Proposed
Maximum<br>Aggregate<br>Offering Price(1)</td>
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<td style="font-family: serif; font-size: 8pt; color: #000000; font-weight: bold; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="center" valign="bottom" colspan="3">Amount
of<br>Registration Fee</td>
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<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 1px solid #000000 ;padding-left: 10pt; text-indent: -10pt;padding-top: 0pt" align="left" valign="bottom" colspan="3">Common Stock, $1.00<br>par
value per share</td>
<td style="border-bottom: 1px solid #000000"><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="right" valign="bottom" colspan="1">&nbsp;</td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal;  font-style: normal;  border-bottom: 1px solid #000000 ; padding-left: 0pt; text-indent: 0pt;  padding-top: 0pt" align="right" valign="bottom" colspan="1" nowrap="nowrap"><font style="background-color: #ffffff;">750,000</font></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal;     border-bottom: 1px solid #000000; padding-top: 0pt " align="left" valign="bottom" nowrap="nowrap">&nbsp;</td>
<td style="border-bottom: 1px solid #000000"><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="right" valign="bottom" colspan="1">$</td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal;  font-style: normal;  border-bottom: 1px solid #000000 ; padding-left: 0pt; text-indent: 0pt;  padding-top: 0pt" align="right" valign="bottom" colspan="1" nowrap="nowrap"><font style="background-color: #ffffff;">72.05</font></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal;     border-bottom: 1px solid #000000; padding-top: 0pt " align="left" valign="bottom" nowrap="nowrap">&nbsp;</td>
<td style="border-bottom: 1px solid #000000"><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="right" valign="bottom" colspan="1">$</td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal;  font-style: normal;  border-bottom: 1px solid #000000 ; padding-left: 0pt; text-indent: 0pt;  padding-top: 0pt" align="right" valign="bottom" colspan="1" nowrap="nowrap"><font style="background-color: #ffffff;">54,033,750</font></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal;     border-bottom: 1px solid #000000; padding-top: 0pt " align="left" valign="bottom" nowrap="nowrap">&nbsp;</td>
<td style="border-bottom: 1px solid #000000"><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="right" valign="bottom" colspan="1">$</td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal;  font-style: normal;  border-bottom: 1px solid #000000 ; padding-left: 0pt; text-indent: 0pt;  padding-top: 0pt" align="right" valign="bottom" colspan="1" nowrap="nowrap"><font style="background-color: #ffffff;">6,360.65</font></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal;     border-bottom: 1px solid #000000; padding-top: 0pt " align="left" valign="bottom" nowrap="nowrap">&nbsp;</td>
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<td align="right" valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 8pt;  padding-left: 0pt; text-align: left">(1)</td>
<td align="left" style="font-family:serif;font-weight:normal;color:#000000;font-size: 8pt;  padding-bottom: 6pt;">Determined
pursuant to Rule 457(c) and (h)(1) based on $72.05, the average high
and low prices of the registrant's common stock on<br>
August  9, 2005, as reported on the New York Stock
Exchange.</td>
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<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">PART I</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">This
Registration Statement covers an aggregate of 750,000 shares of common
stock, par value $1.00 per share (the "Common
Stock") of SunTrust Banks, Inc. (the
"Company"), issuable pursuant to the
AMA/Lighthouse, Inc. 2002 Stock Option Plan (the
"Plan").</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">The document(s) containing
the information specified in Part I of Form S-8 will be sent or given
to participating employees as specified by Rule 428(b)(1) of the
Securities Act of 1933, as amended (the "Securities
Act"). These documents and the documents incorporated by
reference in this Registration Statement pursuant to Item 3 of Part II
of this Registration Statement, taken together, constitute a prospectus
that meets the requirements of Section 10(a) of the Securities Act.</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">PART II</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">ITEM 3.&nbsp;&nbsp;&nbsp;&nbsp;INCORPORATION OF DOCUMENTS BY
REFERENCE.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">The following documents filed by the Company with
the Securities and Exchange Commission (the
"Commission") are incorporated herein by
reference:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(a)&nbsp;&nbsp;&nbsp;&nbsp;The Company's Annual
Report on Form 10-K for the year ended December 31, 2004, and its
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2005
and June 30, 2005, pursuant to Section 13 of the Securities Exchange
Act of 1934 (the "Exchange Act").</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(b)&nbsp;&nbsp;&nbsp;&nbsp;The Company's Current Reports on Form
8-K dated January 12, 2005, February 11, 2005, March 14, 2005, April
22, 2005 and May 29, 2005.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(c)&nbsp;&nbsp;&nbsp;&nbsp;The
description of the Company's common stock, $1.00 per value per
share, contained in the company's Registration Statement on Form
8-A, under Section 12(b) of the Exchange Act, filed March 5, 2003,
including any amendment or report filed for the purpose of updating
such description.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">All documents subsequently filed by the
Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange
Act after the effective date of this Registration Statement and prior
to the filing of a post-effective amendment which indicates that all
securities offered hereby have been sold or which deregisters all
securities remaining unsold, shall be deemed to be incorporated by
reference herein and to be a part hereof from the date of the filing of
such documents. Any statement contained in a document incorporated by
reference herein shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement
herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;DESCRIPTION OF SECURITIES.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">Not applicable.</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">ITEM 5.&nbsp;&nbsp;&nbsp;&nbsp;INTERESTS OF NAMED EXPERTS AND COUNSEL.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">The
legality of the securities offered hereby has been passed upon by
Raymond D. Fortin, Esq., General Counsel and Corporate Executive Vice
President of the Company, who beneficially owns 20,200 shares of
outstanding Common Stock and has options to purchase 27,355 additional
shares of Common Stock.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">2</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">ITEM 6.&nbsp;&nbsp;&nbsp;&nbsp;INDEMNIFICATION OF DIRECTORS
AND OFFICERS.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">Part 5 of Article 8 of the Georgia Business
Corporation Code states:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>14-2-850.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Definitions.</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">As used
in this part, the term:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;"Corporation"
includes any domestic or foreign predecessor entity of a corporation in
a merger or other transaction in which the predecessor's
existence ceased upon consummation of the transaction.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;"Director" or
"officer" means an individual who is or was a
director or officer, respectively, of a corporation or who, while a
director or officer of the corporation, is or was serving at the
corporation's request as a director, officer, partner, trustee,
employee, or agent of another domestic or foreign corporation,
partnership, joint venture, trust, employee benefit plan, or other
entity. A director or officer is considered to be serving an employee
benefit plan at the corporation's request if his or her duties to
the corporation also impose duties on, or otherwise involve services
by, the director or officer to the plan or to participants in or
beneficiaries of the plan. Director or officer includes, unless the
context otherwise requires, the estate or personal representative of a
director or officer.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(3)&nbsp;&nbsp;&nbsp;&nbsp;"Disinterested
director" means a director who at the time of a vote
referred to in subsection (c) of Code Section 14-2-853 or a vote or
selection referred to in subsection (b) or (c) of Code Section 14-2-855
or subsection (a) of Code Section 14-2-856 is not:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;A party to the proceeding; or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;An individual who is a party to a
proceeding having a familial, financial, professional, or employment
relationship with the director whose indemnification or advance for
expenses is the subject of the decision being made with respect to the
proceeding, which relationship would, in the circumstances, reasonably
be expected to exert an influence on the director's judgment when
voting on the decision being made.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(4)&nbsp;&nbsp;&nbsp;&nbsp;"Expenses"
includes counsel fees.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(5)&nbsp;&nbsp;&nbsp;&nbsp;"Liability"
means the obligation to pay a judgment, settlement, penalty, fine
(including an excise tax assessed with respect to an employee benefit
plan), or reasonable expenses incurred with respect to a
proceeding.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(6)&nbsp;&nbsp;&nbsp;&nbsp;"Official
capacity" means:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;When
used with respect to a director, the office of director in a
corporation; and</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;When used with
respect to an officer, as contemplated in Code Section 14-2-857, the
office in a corporation held by the officer.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">Official capacity
does not include service for any other domestic or foreign corporation
or any partnership, joint venture, trust, employee benefit plan, or
other entity.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(7)&nbsp;&nbsp;&nbsp;&nbsp;"Party" means
an individual who was, is, or is threatened to be made a named
defendant or respondent in a proceeding.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(8)&nbsp;&nbsp;&nbsp;&nbsp;"Proceeding"
means any threatened, pending, or completed action, suit, or
proceeding, whether civil, criminal, administrative, arbitrative, or
investigative and whether formal or informal.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>14-2-851.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Authority to indemnify.</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(a)&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise provided in this Code section, a
corporation may indemnify an individual who is a party to a proceeding
because he or she is or was a director against liability incurred in
the proceeding if:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;Such individual
conducted himself or herself in good faith; and</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;Such individual reasonably
believed:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">3</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;In the case of
conduct in his or her official capacity, that such conduct was in the
best interests of the corporation;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;In all other cases, that such conduct
was at least not opposed to the best interests of the corporation;
and</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(C)&nbsp;&nbsp;&nbsp;&nbsp;In the case of any criminal
proceeding, that the individual had no reasonable cause to believe such
conduct was unlawful.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(b)&nbsp;&nbsp;&nbsp;&nbsp;A director's conduct with
respect to an employee benefit plan for a purpose he or she believed in
good faith to be in the interests of the participants in and
beneficiaries of the plan is conduct that satisfies the requirement of
subparagraph (a)(2)(B) of this Code section.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(c)&nbsp;&nbsp;&nbsp;&nbsp;The
termination of a proceeding by judgment, order, settlement, or
conviction, or upon a plea of nolo contendere or its equivalent is not,
of itself, determinative that the director did not meet the standard of
conduct described in this Code section.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(d)&nbsp;&nbsp;&nbsp;&nbsp;A corporation
may not indemnify a director under this Code section:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;In connection with a proceeding by or
in the right of the corporation, except for reasonable expenses
incurred in connection with the proceeding if it is determined that the
director has met the relevant standard of conduct under this Code
section; or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;In connection with any
proceeding with respect to conduct for which he or she was adjudged
liable on the basis that personal benefit was improperly received by
him or her, whether or not involving action in his or her official
capacity.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>14-2-852.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Mandatory
indemnification.</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">A corporation shall indemnify a director
who was wholly successful, on the merits or otherwise, in the defense
of any proceeding to which he or she was a party because he or she was
a director of the corporation against reasonable expenses incurred by
the director in connection with the proceeding.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>14-2-853.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Advance for or reimbursement of
expenses.</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(a)&nbsp;&nbsp;&nbsp;&nbsp;A corporation may, before final
disposition of a proceeding, advance funds to pay for or reimburse the
reasonable expenses incurred by a director who is a party to a
proceeding because he or she is a director if he or she delivers to the
corporation:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;A written affirmation
of his or her good faith belief that he or she has met the relevant
standard of conduct described in Code Section 14-2-851 or that the
proceeding involves conduct for which liability has been eliminated
under a provision of the articles of incorporation as authorized by
paragraph (4) of subsection (b) of Code Section 14-2-202; and</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;His or her written undertaking to repay
any funds advanced if it is ultimately determined that the director is
not entitled to indemnification under this part.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(b)&nbsp;&nbsp;&nbsp;&nbsp;The
undertaking required by paragraph (2) of subsection (a) of this Code
section must be an unlimited general obligation of the director but
need not be secured and may be accepted without reference to the
financial ability of the director to make repayment.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(c)&nbsp;&nbsp;&nbsp;&nbsp;Authorizations under this Code section shall be made:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;By the board of directors:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;When there are two or more
disinterested directors, by a majority vote of all the disinterested
directors (a majority of whom shall for such purpose constitute a
quorum) or by a majority of the members of a committee of two or more
disinterested directors appointed by such a vote; or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;When there are fewer than two
disinterested directors, by the vote necessary for action by the board
in accordance with subsection (c) of Code Section 14-2-824, in which
authorization directors who do not qualify as disinterested directors
may participate; or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">4</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;By the
shareholders, but shares owned or voted under the control of a director
who at the time does not qualify as a disinterested director with
respect to the proceeding may not be voted on the authorization.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>14-2-854.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Court-ordered
indemnification.</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(a)&nbsp;&nbsp;&nbsp;&nbsp;A director who is a party to a
proceeding because he or she is a director may apply for
indemnification or advance for expenses to the court conducting the
proceeding or to another court of competent jurisdiction. After receipt
of an application and after giving any notice it considers necessary,
the court shall:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;Order
indemnification or advance for expenses if it determines that the
director is entitled to indemnification under this part; or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;Order indemnification or advance for
expenses if it determines, in view of all the relevant circumstances,
that it is fair and reasonable to indemnify the director or to advance
expenses to the director, even if the director has not met the relevant
standard of conduct set forth in subsections (a) and (b) of Code
Section 14-2-851, failed to comply with Code Section 14-2-853, or was
adjudged liable in a proceeding referred to in paragraph (1) or (2) of
subsection (d) of Code Section 14-2-851, but if the director was
adjudged so liable, the indemnification shall be limited to reasonable
expenses incurred in connection with the proceeding.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(b)&nbsp;&nbsp;&nbsp;&nbsp;If
the court determines that the director is entitled to indemnification
or advance for expenses under this part, it may also order the
corporation to pay the director's reasonable expenses to obtain
court-ordered indemnification or advance for expenses.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>14-2-855.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Determination and authorization
of indemnification.</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(a)&nbsp;&nbsp;&nbsp;&nbsp;A corporation may not
indemnify a director under Code Section 14-2-851 unless authorized
thereunder and a determination has been made for a specific proceeding
that indemnification of the director is permissible in the
circumstances because he or she has met the relevant standard of
conduct set forth in Code Section 14-2-851.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(b)&nbsp;&nbsp;&nbsp;&nbsp;The
determination shall be made:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;If
there are two or more disinterested directors, by the board of
directors by a majority vote of all the disinterested directors (a
majority of whom shall for such purpose constitute a quorum) or by a
majority of the members of a committee of two or more disinterested
directors appointed by such a vote;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;By special legal counsel:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;Selected in the manner prescribed in
paragraph (1) of this subsection; or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;If there are fewer than two
disinterested directors, selected by the board of directors (in which
selection directors who do not qualify as disinterested directors may
participate); or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(3)&nbsp;&nbsp;&nbsp;&nbsp;By the
shareholders, but shares owned by or voted under the control of a
director who at the time does not qualify as a disinterested director
may not be voted on the determination.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(c)&nbsp;&nbsp;&nbsp;&nbsp;Authorization of
indemnification or an obligation to indemnify and evaluation as to
reasonableness of expenses shall be made in the same manner as the
determination that indemnification is permissible, except that if there
are fewer than two disinterested directors or if the determination is
made by special legal counsel, authorization of indemnification and
evaluation as to reasonableness of expenses shall be made by those
entitled under subparagraph (b) (2) (B) of this Code section to select
special legal counsel.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>14-2-856.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification of
directors.</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(a)&nbsp;&nbsp;&nbsp;&nbsp;If authorized by the articles of
incorporation or a bylaw, contract, or resolution approved or ratified
by the shareholders by a majority of the votes entitled to be cast, a
corporation may indemnify or obligate itself to indemnify a director
made a party to a proceeding including a proceeding brought
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">5</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: pt; background-color: #ffffff">
by or in the right of the corporation, without
regard to the limitations in other Code sections of this part, but
shares owned or voted under the control of a director who at the time
does not qualify as a disinterested director with respect to any
existing or threatened proceeding that would be covered by the
authorization may not be voted on the authorization.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(b)&nbsp;&nbsp;&nbsp;&nbsp;The corporation shall not indemnify a director under this
Code section for any liability incurred in a proceeding in which the
director is adjudged liable to the corporation or is subjected to
injunctive relief in favor of the corporation:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;For any appropriation, in violation of
the director's duties, of any business opportunity of the
corporation;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;For acts or omissions
which involve intentional misconduct or a knowing violation of law;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(3)&nbsp;&nbsp;&nbsp;&nbsp;For the types of liability set forth in
Code Section 14-2-832; or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(4)&nbsp;&nbsp;&nbsp;&nbsp;For any
transaction from which he or she received an improper personal
benefit.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(c)&nbsp;&nbsp;&nbsp;&nbsp;Where approved or authorized in the manner
described in subsection (a) of this Code section, a corporation may
advance or reimburse expenses incurred in advance of final disposition
of the proceeding only if:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;The
director furnishes the corporation a written affirmation of his or her
good faith belief that his or her conduct does not constitute behavior
of the kind described in subsection (b) of this Code section; and</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;The director furnishes the corporation
a written undertaking, executed personally or on his or her behalf, to
repay any advances if it is ultimately determined that the director is
not entitled to indemnification under this Code section.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>14-2-857.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification of officers,
employees, and agents.</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(a)&nbsp;&nbsp;&nbsp;&nbsp;A corporation may indemnify
and advance expenses under this part to an officer of the corporation
who is a party to a proceeding because he or she is an officer of the
corporation:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;To the same extent as
a director; and</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:18pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 24pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;If he or she is not
a director, to such further extent as may be provided by the articles
of incorporation, the bylaws, a resolution of the board of directors,
or contract except for liability arising out of conduct that
constitutes:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;Appropriation, in
violation of his or her duties, of any business opportunity of the
corporation;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;Acts or omissions
which involve intentional misconduct or a knowing violation of law;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(C)&nbsp;&nbsp;&nbsp;&nbsp;The types of liability set forth in
Code Section 14-2-832; or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:42pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20.04pt; background-color: #ffffff">(D)&nbsp;&nbsp;&nbsp;&nbsp;Receipt
of an improper personal benefit.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(b)&nbsp;&nbsp;&nbsp;&nbsp;The provisions of
paragraph (2) of subsection (a) of this Code section shall apply to an
officer who is also a director if the sole basis on which he or she is
made a party to the proceeding is an act or omission solely as an
officer.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(c)&nbsp;&nbsp;&nbsp;&nbsp;An officer of a corporation who is not a
director is entitled to mandatory indemnification under Code Section
14-2-852, and may apply to a court under Code Section 14-2-854 for
indemnification or advances for expenses, in each case to the same
extent to which a director may be entitled to indemnification or
advances for expenses under those provisions.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(d)&nbsp;&nbsp;&nbsp;&nbsp;A
corporation may also indemnify and advance expenses to an employee or
agent who is not a director to the extent, consistent with public
policy, that may be provided by its articles of incorporation, bylaws,
general or specific action of its board of directors, or contract.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">6</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>14-2-858.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Insurance.</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">A corporation may purchase and maintain insurance on behalf of an
individual who is a director, officer, employee, or agent of the
corporation or who, while a director, officer, employee, or agent of
the corporation, serves at the corporation's request as a
director, officer, partner, trustee, employee, or agent of another
domestic or foreign corporation, partnership, joint venture, trust,
employee benefit plan, or other entity against liability asserted
against or incurred by him or her in that capacity or arising from his
or her status as a director, officer, employee, or agent, whether or
not the corporation would have power to indemnify or advance expenses
to him or her against the same liability under this part.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>14-2-859.</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Obligation for indemnification or
advance for expenses in advance of act or omission.</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(a)&nbsp;&nbsp;&nbsp;&nbsp;A corporation may, by a provision in its articles of
incorporation or bylaws or in a resolution adopted or a contract
approved by its board of directors or shareholders, obligate itself in
advance of the act or omission giving rise to a proceeding to provide
indemnification or advance funds to pay for or reimburse expenses
consistent with this part. Any such obligatory provision shall be
deemed to satisfy the requirements for authorization referred to in
subsection (c) of Code Section 14-2-853 or subsection (c) of Code
Section 14-2-855. Any such provision that obligates the corporation to
provide indemnification to the fullest extent permitted by law shall be
deemed to obligate the corporation to advance funds to pay for or
reimburse expenses in accordance with Code Section 14-2-853 to the
fullest extent permitted by law, unless the provision specifically
provides otherwise.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(b)&nbsp;&nbsp;&nbsp;&nbsp;Any provision pursuant to
subsection (a) of this Code section shall not obligate the corporation
to indemnify or advance expenses to a director of a predecessor of the
corporation, pertaining to conduct with respect to the predecessor,
unless otherwise specifically provided. Any provision for
indemnification or advance for expenses in the articles of
incorporation, bylaws, or a resolution of the board of directors or
shareholders, partners, or, in the case of limited liability companies,
members or managers of a predecessor of the corporation or other entity
in a merger or in a contract to which the predecessor is a party,
existing at the time the merger takes effect, shall be governed by
paragraph (3) of subsection (a) of Code Section 14-2-1106.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(c)&nbsp;&nbsp;&nbsp;&nbsp;A corporation may, by a provision in its articles of
incorporation, limit any of the rights to indemnification or advance
for expenses created by or pursuant to this part.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(d)&nbsp;&nbsp;&nbsp;&nbsp;This
part does not limit a corporation's power to pay or reimburse
expenses incurred by a director or an officer in connection with his or
her appearance as a witness in a proceeding at a time when he or she is
not a party.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(e)&nbsp;&nbsp;&nbsp;&nbsp;Except as expressly provided in Code
Section 14-2-857, this part does not limit a corporation's power
to indemnify, advance expenses to, or provide or maintain insurance on
behalf of an employee or agent.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>Articles of
Incorporation Authority</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">Article 14 of the Company's
Amended and Restated Articles of Incorporation provides:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">In
addition to any powers provided by law, in the Bylaws, or otherwise,
the Corporation shall have the power to indemnify any person who
becomes a party or who is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative (including any action
by or in the right of the Corporation), by reason of the fact that he
is or was a director, officer, employee or agent of the Corporation, or
is or was serving at the request of the Corporation as a director,
officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<u>Bylaw
Authority</u>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">The Company is referred to in its Bylaws as the
"Corporation". Article VII of the
Company's Amended and Restated Bylaws provides:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION
1.&nbsp;&nbsp;&nbsp;&nbsp;<b>Definitions</b>.&nbsp;&nbsp;&nbsp;&nbsp;As used in this Article, the term:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">7</p>
<br>
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<br>
<page>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;"Corporation"
includes any domestic or foreign predecessor entity of this Corporation
in a merger or other transaction in which the predecessor's
existence ceased upon consummation of the transaction.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;"Director" means an individual
who is or was a director of the Corporation or an individual who, while
a director of the Corporation, is or was serving at the
Corporation's request as a director, officer, partner, trustee,
employee, or agent of another foreign or domestic corporation,
partnership, joint venture, trust, employee benefit plan, or other
entity. A "director" is considered to be
serving an employee benefit plan at the Corporation's request if
his duties to the Corporation also impose duties on, or otherwise
involve services by, him to the plan or to participants in or
beneficiaries of the plan. "Director"
includes, unless the context requires otherwise, the estate or personal
representative of a director.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(C)&nbsp;&nbsp;&nbsp;&nbsp;"Disinterested director" means a
director who at the time of a vote referred to in Section 3(C) or a
vote or selection referred to in Section 4(B), 4(C) or 7(A) is not: (i)
a party to the proceeding; or (ii) an individual who is a party to a
proceeding having a familial, financial, professional, or employment
relationship with the director whose indemnification or advance for
expenses is the subject of the decision being made with respect to the
proceeding, which relationship would, in the circumstances, reasonably
be expected to exert an influence on the director's judgment when
voting on the decision being made.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(D)&nbsp;&nbsp;&nbsp;&nbsp;"Employee" means an individual
who is or was an employee of the Corporation or an individual who,
while an employee of the Corporation, is or was serving at the
Corporation's request as a director, officer, partner, trustee,
employee, or agent of another foreign or domestic corporation,
partnership, joint venture, trust, employee benefit plan, or other
enterprise. An "Employee" is considered to be
serving an employee benefit plan at the Corporation's request if
his duties to the Corporation also impose duties on, or otherwise
involve services by, him to the plan or to participants in or
beneficiaries of the plan. "Employee"
includes, unless the context requires otherwise, the estate or personal
representative of an employee.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(E)&nbsp;&nbsp;&nbsp;&nbsp;"Expenses" includes counsel
fees.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(F)&nbsp;&nbsp;&nbsp;&nbsp;"Liability" means the
obligation to pay a judgment, settlement, penalty, fine (including an
excise tax assessed with respect to an employee benefit plan), or
reasonable expenses incurred with respect to a proceeding.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(G)&nbsp;&nbsp;&nbsp;&nbsp;"Officer" means an individual who
is or was an officer of the Corporation which for purposes of this
Article VII shall include an assistant officer, or an individual who,
while an Officer of the Corporation, is or was serving at the
Corporation's request as a director, officer, partner, trustee,
employee, or agent of another foreign or domestic corporation,
partnership, joint venture, trust, employee benefit plan, or other
entity. An "Officer" is considered to be
serving an employee benefit plan at the Corporation's request if
his duties to the Corporation also impose duties on, or otherwise
involve services by, him to the plan or to participants in or
beneficiaries of the plan. "Officer"
includes, unless the context requires otherwise, the estate or personal
representative of an Officer.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(H)&nbsp;&nbsp;&nbsp;&nbsp;"Official
capacity" means: (i) when used with respect to a director,
the office of a director in a corporation; and (ii) when used with
respect to an Officer, the office in a corporation held by the Officer.
Official capacity does not include service for any other domestic or
foreign corporation or any partnership, joint venture, trust, employee
benefit plan, or other entity.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(I)&nbsp;&nbsp;&nbsp;&nbsp;"Party" means an individual who
was, is, or is threatened to be made a named defendant or respondent in
a proceeding.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(J)&nbsp;&nbsp;&nbsp;&nbsp;"Proceeding"
means any threatened, pending or completed action, suit, or proceeding,
whether civil, criminal, administrative, arbitrative or investigative
and whether formal or informal.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">8</p>
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<page>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION
2.&nbsp;&nbsp;&nbsp;&nbsp;<b>Basic Indemnification Arrangement</b>.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;Except as provided in subsection (D) below and, if required
by Section 4 below, upon a determination pursuant to Section 4 in the
specific case that such indemnification is permissible in the
circumstances under this subsection because the individual has met the
standard of conduct set forth in this subsection (A), the Corporation
shall indemnify an individual who is made a party to a proceeding
because he is or was a director or Officer against liability incurred
by him in the proceeding if he conducted himself in good faith and, in
the case of conduct in his official capacity, he reasonably believed
such conduct was in the best interest of the Corporation, or in all
other cases, he reasonably believed such conduct was at least not
opposed to the best interests of the Corporation and, in the case of
any criminal proceeding, he had no reasonable cause to believe his
conduct was unlawful.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;A person's conduct with
respect to an employee benefit plan for a purpose he believes in good
faith to be in the interests of the participants in and beneficiaries
of the plan is conduct that satisfies the requirement of subsection
2(A) above.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(C)&nbsp;&nbsp;&nbsp;&nbsp;The termination of a proceeding by
judgment, order, settlement, or conviction, or upon a plea of nolo
contendere or its equivalent is not, of itself, determinative that the
proposed indemnitee did not meet the standard of conduct set forth in
subsection 2(A) above.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(D)&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall not
indemnify a person under this Article in connection with (i) a
proceeding by or in the right of the Corporation, except for reasonable
expenses incurred in connection with the proceeding if it is determined
that such person has met the relevant standard of conduct under this
section, or (ii) with respect to conduct for which such person was
adjudged liable on the basis that personal benefit was improperly
received by him, whether or not involving action in his official
capacity.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION 3.&nbsp;&nbsp;&nbsp;&nbsp;<b>Advances for Expenses</b>.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;The Corporation may advance funds to pay for or reimburse
the reasonable expenses incurred by a director or Officer who is a
party to a proceeding because he is a director or Officer in advance of
final disposition of the proceeding if: (i) such person furnishes the
Corporation a written affirmation of his good faith belief that he has
met the relevant standard of conduct set forth in subsection 2(A) above
or that the proceeding involves conduct for which liability has been
eliminated under the Corporation's Articles of Incorporation; and
(ii) such person furnishes the Corporation a written undertaking
meeting the qualifications set forth below in subsection 3(B), executed
personally or on his behalf, to repay any funds advanced if it is
ultimately determined that he is not entitled to any indemnification
under this Article or otherwise.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;The undertaking
required by subsection 3(A)(ii) above must be an unlimited general
obligation of the director or Officer but need not be secured and shall
be accepted without reference to financial ability to make
repayment.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(C)&nbsp;&nbsp;&nbsp;&nbsp;Authorizations under this Section shall be
made: (i) By the Board of Directors: (a) when there are two or more
disinterested directors, by a majority vote of all disinterested
directors (a majority of whom shall for such purpose constitute a
quorum) or by a majority of the members of a committee of two or more
disinterested directors appointed by such a vote; or (b) when there are
fewer than two disinterested directors, by a majority of the directors
present, in which authorization directors who do not qualify as
disinterested directors may participate; or (ii) by the shareholders,
but shares owned or voted under the control of a director who at the
time does not qualify as a disinterested director with respect to the
proceeding may not be voted on the authorization.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION
4.&nbsp;&nbsp;&nbsp;&nbsp;<b>Authorization of and Determination of Entitlement to
Indemnification</b>.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall not
indemnify a director or Officer under Section 2 above unless authorized
thereunder and a determination has been made for a specific proceeding
that indemnification of such person is permissible in the circumstances
because he has met the relevant standard of conduct set forth in
subsection 2(A) above; provided, however, that regardless of the result
or absence of any such determination, to the extent that a director or
Officer has been wholly </p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">9</p>
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<br>
<page>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: pt; background-color: #ffffff">
successful, on the merits or otherwise, in
the defense of any proceeding to which he was a party because he is or
was a director or Officer, the Corporation shall indemnify such person
against reasonable expenses incurred by him in connection
therewith.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;The determination referred to in subsection
4(A) above shall be made:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(i)&nbsp;&nbsp;&nbsp;&nbsp;If there are
two or more disinterested directors, by the board of directors by a
majority vote of all the disinterested directors (a majority of whom
shall for such purpose constitute a quorum) or by a majority of the
members of a committee of two or more disinterested directors appointed
by such a vote;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">
(ii)&nbsp;&nbsp;&nbsp;&nbsp;by special legal counsel:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:40pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;selected by the Board of Directors or its
committee in the manner prescribed in subdivision (i); or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:40pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;If there are fewer than two disinterested
directors, selected by the Board of Directors (in which selection
directors who do not qualify as disinterested directors may
participate); or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(iii)&nbsp;&nbsp;&nbsp;&nbsp;by the shareholders;
but shares owned by or voted under the control of a director who at the
time does not qualify as a disinterested director may not be voted on
the determination.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(C)&nbsp;&nbsp;&nbsp;&nbsp;Authorization of indemnification or
an obligation to indemnify and evaluation as to reasonableness of
expenses of a director or Officer in the specific case shall be made in
the same manner as the determination that indemnification is
permissible, as described in subsection 4(B) above, except that if
there are fewer than two disinterested directors or if the
determination is made by special legal counsel, authorization of
indemnification and evaluation as to reasonableness of expenses shall
be made by those entitled under subsection 4(B)(ii)(2) above to select
counsel.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(D)&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors, a committee thereof,
or special legal counsel acting pursuant to subsection (B) above or
Section 5 below, shall act expeditiously upon an application for
indemnification or advances, and cooperate in the procedural steps
required to obtain a judicial determination under Section 5 below.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(E)&nbsp;&nbsp;&nbsp;&nbsp;The Corporation may, by a provision in its Articles of
Incorporation or Bylaws or in a resolution adopted or a contract
approved by its Board of Directors or shareholders, obligate itself in
advance of the act or omission giving rise to a proceeding to provide
indemnification or advance funds to pay for or reimburse expenses
consistent with this part. Any such obligatory provision shall be
deemed to satisfy the requirements for authorization referred to in
Section 3(C) or Section 4(C).</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION 5.&nbsp;&nbsp;&nbsp;&nbsp;<b>Court-Ordered
Indemnification and Advances for Expenses</b>.&nbsp;&nbsp;&nbsp;&nbsp;A director or
Officer who is a party to a proceeding because he is a director or
Officer may apply for indemnification or advances for expenses to the
court conducting the proceeding or to another court of competent
jurisdiction. After receipt of an application and after giving any
notice it considers necessary, the court shall order indemnification or
advances for expenses if it determines that:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(i)&nbsp;&nbsp;&nbsp;&nbsp;The director is entitled to indemnification
under this part; or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(ii)&nbsp;&nbsp;&nbsp;&nbsp;In view of all the
relevant circumstances, it is fair and reasonable to indemnify the
director or Officer or to advance expenses to the director or Officer,
even if the director or Officer has not met the relevant standard of
conduct set forth in subsection 2(A) above, failed to comply with
Section 3, or was adjudged liable in a proceeding referred to in
subsections (i) or (ii) of Section 2(D), but if the director or Officer
was adjudged so liable, the indemnification shall be limited to
reasonable expenses incurred in connection with the proceeding, unless
the Articles of Incorporation of the Corporation or a Bylaw, contract
or resolution approved or ratified by shareholders pursuant to Section
7 below provides otherwise.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">If the court determines that the
director or Officer is entitled to indemnification or advance for
expenses, it may also order the Corporation to pay the director's
or Officer's reasonable expenses to obtain court-ordered
indemnification or advance for expenses.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">10</p>
<br>
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<br>
<page>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION 6.&nbsp;&nbsp;&nbsp;&nbsp;<b>Indemnification of
Officers and Employees</b>.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;Unless the
Corporation's Articles of Incorporation provide otherwise, the
Corporation shall indemnify and advance expenses under this Article to
an employee of the Corporation who is not a director or Officer to the
same extent, consistent with public policy, as to a director or
Officer.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;The Corporation may indemnify and advance
expenses under this Article to an Officer of the Corporation who is a
party to a proceeding because he is an Officer of the Corporation: (i)
to the same extent as a director; and (ii) if he is not a director, to
such further extent as may be provided by the Articles of
Incorporation, the Bylaws, a resolution of the Board of Directors, or
contract except for liability arising out of conduct that is enumerated
in subsections (A)(i) through (A)(iv) of Section 7.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">The
provisions of this Section shall also apply to an Officer who is also a
director if the sole basis on which he is made a party to the
proceeding is an act or omission solely as an Officer.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION
7.&nbsp;&nbsp;&nbsp;&nbsp;<b>Shareholder Approved Indemnification</b>.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(A)&nbsp;&nbsp;&nbsp;&nbsp;If
authorized by the Articles of Incorporation or a Bylaw, contract or
resolution approved or ratified by shareholders of the Corporation by a
majority of the votes entitled to be cast, the Corporation may
indemnify or obligate itself to indemnify a person made a party to a
proceeding, including a proceeding brought by or in the right of the
Corporation, without regard to the limitations in other sections of
this Article, but shares owned or voted under the control of a director
who at the time does not qualify as a disinterested director with
respect to any existing or threatened proceeding that would be covered
by the authorization may not be voted on the authorization. The
Corporation shall not indemnify a person under this Section 7 for any
liability incurred in a proceeding in which the person is adjudged
liable to the Corporation or is subjected to injunctive relief in favor
of the Corporation:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(i)&nbsp;&nbsp;&nbsp;&nbsp;for any
appropriation, in violation of his duties, of any business opportunity
of the Corporation;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(ii)&nbsp;&nbsp;&nbsp;&nbsp;for acts or
omissions which involve intentional misconduct or a knowing violation
of law;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(iii)&nbsp;&nbsp;&nbsp;&nbsp;for the types of liability
set forth in Section 14-2-832 of the Georgia Business Corporation Code;
or</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(iv)&nbsp;&nbsp;&nbsp;&nbsp;for any transaction from which he
received an improper personal benefit.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(B)&nbsp;&nbsp;&nbsp;&nbsp;Where approved
or authorized in the manner described in subsection 7(A) above, the
Corporation may advance or reimburse expenses incurred in advance of
final disposition of the proceeding only if:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(i)&nbsp;&nbsp;&nbsp;&nbsp;the proposed indemnitee furnishes the
Corporation a written affirmation of his good faith belief that his
conduct does not constitute behavior of the kind described in
subsection 7(A)(i)-(iv) above; and</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the
proposed indemnitee furnishes the Corporation a written undertaking,
executed personally, or on his behalf, to repay any advances if it is
ultimately determined that he is not entitled to indemnification.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION 8.&nbsp;&nbsp;&nbsp;&nbsp;<b>Liability Insurance</b>.&nbsp;&nbsp;&nbsp;&nbsp;The Corporation may
purchase and maintain insurance on behalf of an individual who is 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,
or other entity against liability asserted against or incurred by him
in that capacity or arising from his status as a director, officer,
employee, or agent, whether or not the Corporation would have power to
indemnify him against the same liability under Section 2 or Section 3
above.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION 9.&nbsp;&nbsp;&nbsp;&nbsp;<b>Witness Fees</b>.&nbsp;&nbsp;&nbsp;&nbsp;Nothing in this
Article shall limit the Corporation's power to pay or reimburse
expenses incurred by a person in connection with his appearance as a
witness in a proceeding at a time when he is not a party.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">11</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION 10.&nbsp;&nbsp;&nbsp;&nbsp;<b>Report to
Shareholders</b>.&nbsp;&nbsp;&nbsp;&nbsp;If the Corporation indemnifies or advances
expenses to a director in connection with a proceeding by or in the
right of the Corporation, the Corporation shall report the
indemnification or advance, in writing, to shareholders with or before
the notice of the next shareholders' meeting.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION
11.&nbsp;&nbsp;&nbsp;&nbsp;<b>Severability</b>.&nbsp;&nbsp;&nbsp;&nbsp;In the event that any of the
provisions of this Article (including any provision within a single
section, subsection, division or sentence) is held by a court of
competent jurisdiction to be invalid, void or otherwise unenforceable,
the remaining provisions of this Article shall remain enforceable to
the fullest extent permitted by law.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION
12.&nbsp;&nbsp;&nbsp;&nbsp;<b>Indemnification Not Exclusive</b>.&nbsp;&nbsp;&nbsp;&nbsp;The rights of
indemnification provided in this Article VII shall be in addition to
any rights which any such director, Officer, employee or other person
may otherwise be entitled by contract or as a matter of law.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">SECTION 13.&nbsp;&nbsp;&nbsp;&nbsp;<b>Amendments to Georgia Business Corporation
Code</b>.&nbsp;&nbsp;&nbsp;&nbsp;In the event that, following the date of these Bylaws,
the Georgia Business Corporation Code is amended to expand the
indemnification protections that a Georgia corporation is permitted to
provide to its directors, Officers and/or Employees, as applicable, the
indemnification protections set forth in this Article VII shall be
automatically amended, without any further action by the Board of
Directors, the shareholders of the Corporation or the Corporation, to
provide the same indemnification protections to the fullest extent
provided by such amendments to the Georgia Business Corporation
Code.</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">ITEM 7.&nbsp;&nbsp;&nbsp;&nbsp;EXEMPTION FROM REGISTRATION CLAIMED.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">Not applicable.</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">ITEM 8.&nbsp;&nbsp;&nbsp;&nbsp;EXHIBITS.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">The following
exhibits are filed as part of this Registration
Statement:</p>
<img src="spacer.gif" height="10" width="1"><br>
<div style="border: 1px; width: 602px; padding-top: 12px" align="center">
<table cellpadding="0" cellspacing="0" border="0" width="545" bgcolor="#ffffff">
<tr>
<!--col #: 1 / width: 63 / data-type: text-->
<td><img src="spacer.gif" height="1" width="1"></td>
<td><img src="spacer.gif" height="1" width="63"></td>
<td><img src="spacer.gif" height="1" width="1"></td>
<td><img src="spacer.gif" height="1" width="8"></td>
<!--col #: 2 / width: 459 / data-type: text--><td><img src="spacer.gif" height="1" width="1"></td>
<td><img src="spacer.gif" height="1" width="459"></td>
<td><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td style="font-family: serif; font-size: 8pt; color: #000000; font-weight: bold; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="left" valign="bottom" colspan="3">Exhibit<br>
Number</td>
<td style="padding-top: 0pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 8pt; color: #000000; font-weight: bold; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 0pt" align="left" valign="bottom" colspan="3">Description</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 0pt" align="left" valign="top" colspan="3">4.1</td>
<td style="padding-top: 0pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 0pt" align="left" valign="top" colspan="3">Articles
5, 6, 7, 8, 11 and 13 of the Amended and Restated Articles of
Incorporation of the Company, effective as of November 14, 1989,
incorporated by reference to Exhibit 3.1 to the Company's Annual
Report on Form 10-K for the year ended December 31, 1998 (File No.
001-08918).</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 8pt" align="left" valign="top" colspan="3">4.2</td>
<td style="padding-top: 8pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 8pt" align="left" valign="top" colspan="3">Articles
I, II, IV, V, VII, VIII, X and XI of the Amended and Restated Bylaws of
the Company, effective as of April 16, 2002, incorporated by reference
to Exhibit 3.3 to the Company's Quarterly Report on Form 10-Q for
the quarter ended March 31,
2002.</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 8pt" align="left" valign="top" colspan="3">5.1</td>
<td style="padding-top: 8pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 8pt" align="left" valign="top" colspan="3">Opinion of
Raymond D. Fortin, Esq., as to the legality of the Common Stock being
registered.</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 8pt" align="left" valign="top" colspan="3">23.1</td>
<td style="padding-top: 8pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 8pt" align="left" valign="top" colspan="3">Consent
of PricewaterhouseCoopers
LLP.</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 8pt" align="left" valign="top" colspan="3">23.2</td>
<td style="padding-top: 8pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 8pt" align="left" valign="top" colspan="3">Consent of
Raymond D. Fortin, Esq. (contained in his opinion filed as
Exhibit
5.1).</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 8pt" align="left" valign="top" colspan="3">24.1</td>
<td style="padding-top: 8pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 9pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 8pt" align="left" valign="top" colspan="3">Power of
Attorney (included on Signature
Page).</td>
</tr>
<tr>
<td><img src="spacer.gif" height="10" width="1"></td>
</tr>
</table>
</div>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">12</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">ITEM
9.&nbsp;&nbsp;&nbsp;&nbsp;UNDERTAKINGS.</p>
<table cellpadding="0" cellspacing="0" border="0" width="602">
<tr>
<td><img src="spacer.gif" height="1" width="53"></td>
<td><img src="spacer.gif" height="1" width="549"></td>
</tr>
<tr>
<td align="right" valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 6pt; padding-left: 20pt; text-align: left;  font-style: normal; width: 40pt">(a)&nbsp;</td>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top:6pt; padding-bottom: 6pt; text-align: left; font-style: normal; width: 416pt">The undersigned
registrant hereby undertakes:</td>
</tr>
</table>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(1)&nbsp;&nbsp;&nbsp;&nbsp;To file,
during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:40pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(i)&nbsp;&nbsp;&nbsp;&nbsp;To include any prospectus required by
Section 10(a)(3) of the Securities Act;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:40pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(ii)&nbsp;&nbsp;&nbsp;&nbsp;To reflect in the prospectus any facts or
events arising after the effective date of the registration statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the registration statement; and</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:40pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(iii)&nbsp;&nbsp;&nbsp;&nbsp;To include any material information with
respect to the plan of distribution not previously disclosed in the
registration statement or any material change in such information in
the registration statement;</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">provided, however, that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration
statement is on Form S-3, Form S-8 or Form F-3, and the information
required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to
the Commission by the registrant pursuant to Section 13 or Section
15(d) of the Exchange Act that are incorporated by reference in the
registration statement.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(2)&nbsp;&nbsp;&nbsp;&nbsp;That, for the
purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering
of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:20pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(3)&nbsp;&nbsp;&nbsp;&nbsp;To remove from
registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of
the offering.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(b)&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby
undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the registrant's annual report
pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the registration statement shall be deemed
to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">(c)&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under
the Securities Act may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the
opinion of the Commission such indemnification is against pubic policy
as expressed in the Securities Act, and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities
(other than the payment by the registrant of expenses incurred or paid
by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the
securities being registered, the registrant will, unless in the opinion
of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such
issue.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">13</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">SIGNATURES</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">THE
REGISTRANT.&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of
1933, SunTrust Banks, Inc. certifies that it has reasonable grounds to
believe that it meets all of the requirements for filing on Form S-8
and has duly caused this registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of
Atlanta, State of Georgia, on the 9th day of August, 2005.</p>
<div style="width: 593;">
<table border="0" cellpadding="0" cellspacing="0" width="593">
<tr>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; padding-top: 6pt" valign="top" align="left" width="301"><img src="spacer.gif" height="1" width="301"></td>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; padding-top: 6pt" valign="top" align="left">SUNTRUST BANKS, INC.</td>
</tr>
</table>
</div>
<table cellpadding="0" cellspacing="0" border="0" width="602">
<tr>
<td><img src="spacer.gif" height="1" width="301"></td>
<td><img src="spacer.gif" height="1" width="32"></td>
<td><img src="spacer.gif" height="1" width="269"></td>
</tr>
<tr>
<td align="left" valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 6pt; font-style: normal; width: 228pt"></td>
<td align="right" valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 6pt; padding-left: 0pt; text-align: left;  font-style: normal; width: 24pt">By:&nbsp;</td>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top:6pt; padding-bottom: 6pt; text-align: left; font-style: normal; width: 204pt"><u>/s/ L. Phillip
Humann&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>
<br> L. Phillip Humann<br> Chairman of
the Board,<br> and Chief Executive
Officer</td>
</tr>
</table>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">14</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>






<page>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">POWER OF
ATTORNEY</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">KNOW ALL MEN BY THESE PRESENTS, that each person whose
signature appears below, constitutes and appoints Mark A. Chancy and
Raymond D. Fortin, and each of them, his true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, to do any and all acts and things and execute, in the
name of the undersigned, any and all instruments which said
attorneys-in-fact and agents may deem necessary or advisable in order
to enable SunTrust Banks, Inc. to comply with the Securities Act of
1933 and any requirements of the Securities and Exchange Commission in
respect thereof, in connection with the filing with the Securities and
Exchange Commission of the registration statement on Form S-8 under the
Securities Act of 1933, including specifically but without limitation,
power and authority to sign the name of the undersigned to such
registration statement, and all amendments, including post-effective
amendments to such registration statement and to file the same with all
exhibits thereto and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and
authority to do and to perform each and every act and thing requisite
or necessary to be done in and about the premises, as fully and to all
intents and purposes as the undersigned might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and
agents, and any of them, or their substitutes, may lawfully do or cause
to be done by virtue hereof.</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">Pursuant to the requirements of the
Securities Act of 1933, this Registration Statement has been signed by
the following persons in the capacities indicated as of the 9th day of
August, 2005.</p>
<table cellpadding="0" cellspacing="0" border="0" width="593">
<tr>
<td><img src="spacer.gif" height="1" width="218"></td>
<td><img src="spacer.gif" height="1" width="16"></td>
<td><img src="spacer.gif" height="1" width="359"></td>
</tr>
<tr>
<td style="font-family: serif; font-weight: bold; font-size: 8pt; font-style: normal; line-height: 12pt; border-bottom: 2px solid #ffffff;" align="center"></td>
<td></td>
<td style="font-family: serif; font-weight: bold; font-size: 8pt; font-style: normal; line-height: 12pt; border-bottom: 2px solid #ffffff;" align="center"></td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/
L Phillip Humann</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Chairman
of the Board, Chief Executive Officer and Director<br>(Principal
Executive Officer)</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">L. Phillip
Humann</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Mark A.
Chancy</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Corporate
Executive Vice President and Chief Financial Officer<br>(Principal
Financial Officer)</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Mark A. Chancy</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Thomas
Panther</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Senior Vice
President and Controller<br>(Principal Accounting
Officer)</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Thomas Panther</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Robert M. Beall,
II</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Robert M. Beall,
II</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ J. Hyatt
Brown</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">J. Hyatt
Brown</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ David H.
Hughes</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">David H.
Hughes</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Alston D.
Correll</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Alston D.
Correll</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Jeffrey C.
Crowe</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Jeffrey C.
Crowe</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Thomas C.
Farnsworth, Jr.</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Thomas C. Farnsworth,
Jr.</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Patricia C.
Frist</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Patricia C.
Frist</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Thomas M.
Garrott</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Thomas M.
Garrott</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
</table>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">15</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<table cellpadding="0" cellspacing="0" border="0" width="593">
<tr>
<td><img src="spacer.gif" height="1" width="218"></td>
<td><img src="spacer.gif" height="1" width="16"></td>
<td><img src="spacer.gif" height="1" width="359"></td>
</tr>
<tr>
<td style="font-family: serif; font-weight: bold; font-size: 8pt; font-style: normal; line-height: 12pt; border-bottom: 2px solid #ffffff;" align="center"></td>
<td></td>
<td style="font-family: serif; font-weight: bold; font-size: 8pt; font-style: normal; line-height: 12pt; border-bottom: 2px solid #ffffff;" align="center"></td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Blake P. Garrett,
Jr.</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Blake P. Garrett,
Jr.</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">&nbsp;&nbsp;&nbsp;</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">E.
Neville Isdell</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ M.
Douglas Ivester</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">M. Douglas
Ivester</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ J. Hicks
Lanier</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">J. Hicks
Lanier</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ G. Gilmer
Minor, III</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">G. Gilmer Minor,
III</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Phail Wynn,
Jr.</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Phail Wynn,
Jr.</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Larry L.
Prince</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Larry L.
Prince</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">/s/ Frank S.
Royal, M.D.</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Frank S. Royal,
M.D.</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
<tr>
<td valign="top" align="center" style="font-family: serif; font-weight: normal; font-size: 10pt; normal; line-height: 12pt ; ">&nbsp;&nbsp;&nbsp;</td>
<td rowspan="3"></td>
<td valign="top" rowspan="3" style="font-family: serif; font-weight: normal; font-size: 10pt; font-style: normal; line-height: 12pt; text-align: left; " align="left">Director</td>
</tr>
<tr>
<td bgcolor="#000000"><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td align="center" valign="top" style="font-family: serif; font-weight: normal;  font-size: 10pt ; font-style: normal; line-height: 12pt ; ">Karen
Hastie
Williams</td>
</tr>
<tr>
<td><img src="spacer.gif" height="16" width="1"></td>
</tr>
</table>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">16</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>






<page>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 6pt; background-color: #ffffff;">INDEX TO
EXHIBITS</p>
<img src="spacer.gif" height="10" width="1"><br>
<div style="border: 1px; width: 602px; padding-top: 12px" align="center">
<table cellpadding="0" cellspacing="0" border="0" width="602" bgcolor="#ffffff">
<tr>
<!--col #: 1 / width: 55 / data-type: text-->
<td><img src="spacer.gif" height="1" width="1"></td>
<td><img src="spacer.gif" height="1" width="55"></td>
<td><img src="spacer.gif" height="1" width="1"></td>
<td><img src="spacer.gif" height="1" width="8"></td>
<!--col #: 2 / width: 531 / data-type: text--><td><img src="spacer.gif" height="1" width="1"></td>
<td><img src="spacer.gif" height="1" width="531"></td>
<td><img src="spacer.gif" height="1" width="1"></td>
</tr>
<tr>
<td style="font-family: serif; font-size: 8pt; color: #000000; font-weight: bold; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 12pt" align="center" valign="bottom" colspan="3">Exhibit<br>
Number</td>
<td style="padding-top: 12pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 8pt; color: #000000; font-weight: bold; font-style: normal; border-bottom: 1px solid #000000 ;padding-top: 12pt" align="left" valign="bottom" colspan="3">Description</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 10pt; text-indent: -10pt;padding-top: 12pt" align="center" valign="top" colspan="3">&nbsp;&nbsp;4.1</td>
<td style="padding-top: 12pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 12pt" align="left" valign="top" colspan="3">Articles
5, 6, 7, 8, 11 and 13 of the Amended and Restated Articles of
Incorporation of the Company, effective as of November 14, 1989,
incorporated by reference to Exhibit 3.1 to the Company's Annual
Report on Form 10-K for the year ended December 31, 1998. (File No.
001-08918)</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 10pt; text-indent: -10pt;padding-top: 12pt" align="center" valign="top" colspan="3">&nbsp;&nbsp;4.2</td>
<td style="padding-top: 12pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 12pt" align="left" valign="top" colspan="3">Articles I, II, IV, V,
VII, VIII, X and XI of the Amended and Restated Bylaws of the Company,
effective as of April 16, 2002, incorporated by reference to Exhibit
3.3 to the Company's Quarterly Report on Form 10-Q for the
quarter ended March 31,
2002.</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 10pt; text-indent: -10pt;padding-top: 12pt" align="center" valign="top" colspan="3">&nbsp;&nbsp;5.1</td>
<td style="padding-top: 12pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 12pt" align="left" valign="top" colspan="3">Opinion of Raymond D.
Fortin, Esq., as to the legality of the Common Stock being
registered.</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 10pt; text-indent: -10pt;padding-top: 12pt" align="center" valign="top" colspan="3">23.1</td>
<td style="padding-top: 12pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 12pt" align="left" valign="top" colspan="3">Consent of
PricewaterhouseCoopers LLP.</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 10pt; text-indent: -10pt;padding-top: 12pt" align="center" valign="top" colspan="3">23.2</td>
<td style="padding-top: 12pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 12pt" align="left" valign="top" colspan="3">Consent of
Raymond D. Fortin, Esq. (contained in his opinion filed as Exhibit
5.1).</td>
</tr>
<tr>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 10pt; text-indent: -10pt;padding-top: 12pt" align="center" valign="top" colspan="3">24.1</td>
<td style="padding-top: 12pt "><img src="spacer.gif" height="1" width="2"></td>
<td style="font-family: serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal; border-bottom: 3px double #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 12pt" align="left" valign="top" colspan="3">Power of Attorney (included on
Signature Page).</td>
</tr>
<tr>
<td><img src="spacer.gif" height="10" width="1"></td>
</tr>
</table>
</div>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>



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[{"type": "S-8", "sequence": "1", "filename": "file001.htm", "description": "FORM S-8", "secsgml_size_bytes": 150583}]
{"company-data": {"conformed-name": "SUNTRUST BANKS INC", "cik": "0000750556", "assigned-sic": "6021", "irs-number": "581575035", "state-of-incorporation": "GA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-127402", "film-number": "051013820"}, "business-address": {"street1": "919 E MAIN ST", "city": "RICHMOND", "state": "VA", "zip": "23219", "phone": "8047827107"}, "mail-address": {"street1": "303 PEACHTREE ST N E", "city": "ATLANTA", "state": "GA", "zip": "30308"}}
As
filed with the Securities and Exchange Commission on August 10,
2005
Registration Statement No.
333-
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF
1933
SUNTRUST
BANKS, INC.
(Exact name of registrant as
specified in its charter)
GEORGIA
(State or other jurisdiction of
incorporation or organization)
58-1575035
(I.R.S. Employer
Identification
No.)
303 Peachtree Street,
N.E.
Atlanta, Georgia 30308
(Address of Principal Executive
Offices)
AMA/Lighthouse, Inc. 2002
Stock Option
Plan
RAYMOND D.
FORTIN
Corporate Executive Vice President
SunTrust Banks,
Inc.
303 Peachtree Street, N.E.
Atlanta, Georgia 30308
(Name and address of Agent for
Service)
404-588-7165
(Telephone number, including area
code, of agent for service)
CALCULATION OF
REGISTRATION
FEE
Title
of Each Class
of Securities to
be
Registered
Amount
to be
Registered
Proposed
Maximum
Offering Price
Per Share(1)
Proposed
Maximum
Aggregate
Offering Price(1)
Amount
of
Registration Fee
Common Stock, $1.00
par
value per share
750,000
$
72.05
$
54,033,750
$
6,360.65
(1)
Determined
pursuant to Rule 457(c) and (h)(1) based on $72.05, the average high
and low prices of the registrant's common stock on
August  9, 2005, as reported on the New York Stock
Exchange.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
This
Registration Statement covers an aggregate of 750,000 shares of common
stock, par value $1.00 per share (the "Common
Stock") of SunTrust Banks, Inc. (the
"Company"), issuable pursuant to the
AMA/Lighthouse, Inc. 2002 Stock Option Plan (the
"Plan").
The document(s) containing
the information specified in Part I of Form S-8 will be sent or given
to participating employees as specified by Rule 428(b)(1) of the
Securities Act of 1933, as amended (the "Securities
Act"). These documents and the documents incorporated by
reference in this Registration Statement pursuant to Item 3 of Part II
of this Registration Statement, taken together, constitute a prospectus
that meets the requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
ITEM 3.    INCORPORATION OF DOCUMENTS BY
REFERENCE.
The following documents filed by the Company with
the Securities and Exchange Commission (the
"Commission") are incorporated herein by
reference:
(a)    The Company's Annual
Report on Form 10-K for the year ended December 31, 2004, and its
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2005
and June 30, 2005, pursuant to Section 13 of the Securities Exchange
Act of 1934 (the "Exchange Act").
(b)    The Company's Current Reports on Form
8-K dated January 12, 2005, February 11, 2005, March 14, 2005, April
22, 2005 and May 29, 2005.
(c)    The
description of the Company's common stock, $1.00 per value per
share, contained in the company's Registration Statement on Form
8-A, under Section 12(b) of the Exchange Act, filed March 5, 2003,
including any amendment or report filed for the purpose of updating
such description.
All documents subsequently filed by the
Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange
Act after the effective date of this Registration Statement and prior
to the filing of a post-effective amendment which indicates that all
securities offered hereby have been sold or which deregisters all
securities remaining unsold, shall be deemed to be incorporated by
reference herein and to be a part hereof from the date of the filing of
such documents. Any statement contained in a document incorporated by
reference herein shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement
herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.
ITEM 4.    DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5.    INTERESTS OF NAMED EXPERTS AND COUNSEL.
The
legality of the securities offered hereby has been passed upon by
Raymond D. Fortin, Esq., General Counsel and Corporate Executive Vice
President of the Company, who beneficially owns 20,200 shares of
outstanding Common Stock and has options to purchase 27,355 additional
shares of Common Stock.
2
ITEM 6.    INDEMNIFICATION OF DIRECTORS
AND OFFICERS.
Part 5 of Article 8 of the Georgia Business
Corporation Code states:
14-2-850.
Definitions.
As used
in this part, the term:
(1)    "Corporation"
includes any domestic or foreign predecessor entity of a corporation in
a merger or other transaction in which the predecessor's
existence ceased upon consummation of the transaction.
(2)    "Director" or
"officer" means an individual who is or was a
director or officer, respectively, of a corporation or who, while a
director or officer of the corporation, is or was serving at the
corporation's request as a director, officer, partner, trustee,
employee, or agent of another domestic or foreign corporation,
partnership, joint venture, trust, employee benefit plan, or other
entity. A director or officer is considered to be serving an employee
benefit plan at the corporation's request if his or her duties to
the corporation also impose duties on, or otherwise involve services
by, the director or officer to the plan or to participants in or
beneficiaries of the plan. Director or officer includes, unless the
context otherwise requires, the estate or personal representative of a
director or officer.
(3)    "Disinterested
director" means a director who at the time of a vote
referred to in subsection (c) of Code Section 14-2-853 or a vote or
selection referred to in subsection (b) or (c) of Code Section 14-2-855
or subsection (a) of Code Section 14-2-856 is not:
(A)    A party to the proceeding; or
(B)    An individual who is a party to a
proceeding having a familial, financial, professional, or employment
relationship with the director whose indemnification or advance for
expenses is the subject of the decision being made with respect to the
proceeding, which relationship would, in the circumstances, reasonably
be expected to exert an influence on the director's judgment when
voting on the decision being made.
(4)    "Expenses"
includes counsel fees.
(5)    "Liability"
means the obligation to pay a judgment, settlement, penalty, fine
(including an excise tax assessed with respect to an employee benefit
plan), or reasonable expenses incurred with respect to a
proceeding.
(6)    "Official
capacity" means:
(A)    When
used with respect to a director, the office of director in a
corporation; and
(B)    When used with
respect to an officer, as contemplated in Code Section 14-2-857, the
office in a corporation held by the officer.
Official capacity
does not include service for any other domestic or foreign corporation
or any partnership, joint venture, trust, employee benefit plan, or
other entity.
(7)    "Party" means
an individual who was, is, or is threatened to be made a named
defendant or respondent in a proceeding.
(8)    "Proceeding"
means any threatened, pending, or completed action, suit, or
proceeding, whether civil, criminal, administrative, arbitrative, or
investigative and whether formal or informal.
14-2-851.
Authority to indemnify.
(a)    Except as otherwise provided in this Code section, a
corporation may indemnify an individual who is a party to a proceeding
because he or she is or was a director against liability incurred in
the proceeding if:
(1)    Such individual
conducted himself or herself in good faith; and
(2)    Such individual reasonably
believed:
3
(A)    In the case of
conduct in his or her official capacity, that such conduct was in the
best interests of the corporation;
(B)    In all other cases, that such conduct
was at least not opposed to the best interests of the corporation;
and
(C)    In the case of any criminal
proceeding, that the individual had no reasonable cause to believe such
conduct was unlawful.
(b)    A director's conduct with
respect to an employee benefit plan for a purpose he or she believed in
good faith to be in the interests of the participants in and
beneficiaries of the plan is conduct that satisfies the requirement of
subparagraph (a)(2)(B) of this Code section.
(c)    The
termination of a proceeding by judgment, order, settlement, or
conviction, or upon a plea of nolo contendere or its equivalent is not,
of itself, determinative that the director did not meet the standard of
conduct described in this Code section.
(d)    A corporation
may not indemnify a director under this Code section:
(1)    In connection with a proceeding by or
in the right of the corporation, except for reasonable expenses
incurred in connection with the proceeding if it is determined that the
director has met the relevant standard of conduct under this Code
section; or
(2)    In connection with any
proceeding with respect to conduct for which he or she was adjudged
liable on the basis that personal benefit was improperly received by
him or her, whether or not involving action in his or her official
capacity.
14-2-852.
Mandatory
indemnification.
A corporation shall indemnify a director
who was wholly successful, on the merits or otherwise, in the defense
of any proceeding to which he or she was a party because he or she was
a director of the corporation against reasonable expenses incurred by
the director in connection with the proceeding.
14-2-853.
Advance for or reimbursement of
expenses.
(a)    A corporation may, before final
disposition of a proceeding, advance funds to pay for or reimburse the
reasonable expenses incurred by a director who is a party to a
proceeding because he or she is a director if he or she delivers to the
corporation:
(1)    A written affirmation
of his or her good faith belief that he or she has met the relevant
standard of conduct described in Code Section 14-2-851 or that the
proceeding involves conduct for which liability has been eliminated
under a provision of the articles of incorporation as authorized by
paragraph (4) of subsection (b) of Code Section 14-2-202; and
(2)    His or her written undertaking to repay
any funds advanced if it is ultimately determined that the director is
not entitled to indemnification under this part.
(b)    The
undertaking required by paragraph (2) of subsection (a) of this Code
section must be an unlimited general obligation of the director but
need not be secured and may be accepted without reference to the
financial ability of the director to make repayment.
(c)    Authorizations under this Code section shall be made:
(1)    By the board of directors:
(A)    When there are two or more
disinterested directors, by a majority vote of all the disinterested
directors (a majority of whom shall for such purpose constitute a
quorum) or by a majority of the members of a committee of two or more
disinterested directors appointed by such a vote; or
(B)    When there are fewer than two
disinterested directors, by the vote necessary for action by the board
in accordance with subsection (c) of Code Section 14-2-824, in which
authorization directors who do not qualify as disinterested directors
may participate; or
4
(2)    By the
shareholders, but shares owned or voted under the control of a director
who at the time does not qualify as a disinterested director with
respect to the proceeding may not be voted on the authorization.
14-2-854.
Court-ordered
indemnification.
(a)    A director who is a party to a
proceeding because he or she is a director may apply for
indemnification or advance for expenses to the court conducting the
proceeding or to another court of competent jurisdiction. After receipt
of an application and after giving any notice it considers necessary,
the court shall:
(1)    Order
indemnification or advance for expenses if it determines that the
director is entitled to indemnification under this part; or
(2)    Order indemnification or advance for
expenses if it determines, in view of all the relevant circumstances,
that it is fair and reasonable to indemnify the director or to advance
expenses to the director, even if the director has not met the relevant
standard of conduct set forth in subsections (a) and (b) of Code
Section 14-2-851, failed to comply with Code Section 14-2-853, or was
adjudged liable in a proceeding referred to in paragraph (1) or (2) of
subsection (d) of Code Section 14-2-851, but if the director was
adjudged so liable, the indemnification shall be limited to reasonable
expenses incurred in connection with the proceeding.
(b)    If
the court determines that the director is entitled to indemnification
or advance for expenses under this part, it may also order the
corporation to pay the director's reasonable expenses to obtain
court-ordered indemnification or advance for expenses.
14-2-855.
Determination and authorization
of indemnification.
(a)    A corporation may not
indemnify a director under Code Section 14-2-851 unless authorized
thereunder and a determination has been made for a specific proceeding
that indemnification of the director is permissible in the
circumstances because he or she has met the relevant standard of
conduct set forth in Code Section 14-2-851.
(b)    The
determination shall be made:
(1)    If
there are two or more disinterested directors, by the board of
directors by a majority vote of all the disinterested directors (a
majority of whom shall for such purpose constitute a quorum) or by a
majority of the members of a committee of two or more disinterested
directors appointed by such a vote;
(2)    By special legal counsel:
(A)    Selected in the manner prescribed in
paragraph (1) of this subsection; or
(B)    If there are fewer than two
disinterested directors, selected by the board of directors (in which
selection directors who do not qualify as disinterested directors may
participate); or
(3)    By the
shareholders, but shares owned by or voted under the control of a
director who at the time does not qualify as a disinterested director
may not be voted on the determination.
(c)    Authorization of
indemnification or an obligation to indemnify and evaluation as to
reasonableness of expenses shall be made in the same manner as the
determination that indemnification is permissible, except that if there
are fewer than two disinterested directors or if the determination is
made by special legal counsel, authorization of indemnification and
evaluation as to reasonableness of expenses shall be made by those
entitled under subparagraph (b) (2) (B) of this Code section to select
special legal counsel.
14-2-856.
Indemnification of
directors.
(a)    If authorized by the articles of
incorporation or a bylaw, contract, or resolution approved or ratified
by the shareholders by a majority of the votes entitled to be cast, a
corporation may indemnify or obligate itself to indemnify a director
made a party to a proceeding including a proceeding brought
5
by or in the right of the corporation, without
regard to the limitations in other Code sections of this part, but
shares owned or voted under the control of a director who at the time
does not qualify as a disinterested director with respect to any
existing or threatened proceeding that would be covered by the
authorization may not be voted on the authorization.
(b)    The corporation shall not indemnify a director under this
Code section for any liability incurred in a proceeding in which the
director is adjudged liable to the corporation or is subjected to
injunctive relief in favor of the corporation:
(1)    For any appropriation, in violation of
the director's duties, of any business opportunity of the
corporation;
(2)    For acts or omissions
which involve intentional misconduct or a knowing violation of law;
(3)    For the types of liability set forth in
Code Section 14-2-832; or
(4)    For any
transaction from which he or she received an improper personal
benefit.
(c)    Where approved or authorized in the manner
described in subsection (a) of this Code section, a corporation may
advance or reimburse expenses incurred in advance of final disposition
of the proceeding only if:
(1)    The
director furnishes the corporation a written affirmation of his or her
good faith belief that his or her conduct does not constitute behavior
of the kind described in subsection (b) of this Code section; and
(2)    The director furnishes the corporation
a written undertaking, executed personally or on his or her behalf, to
repay any advances if it is ultimately determined that the director is
not entitled to indemnification under this Code section.
14-2-857.
Indemnification of officers,
employees, and agents.
(a)    A corporation may indemnify
and advance expenses under this part to an officer of the corporation
who is a party to a proceeding because he or she is an officer of the
corporation:
(1)    To the same extent as
a director; and
(2)    If he or she is not
a director, to such further extent as may be provided by the articles
of incorporation, the bylaws, a resolution of the board of directors,
or contract except for liability arising out of conduct that
constitutes:
(A)    Appropriation, in
violation of his or her duties, of any business opportunity of the
corporation;
(B)    Acts or omissions
which involve intentional misconduct or a knowing violation of law;
(C)    The types of liability set forth in
Code Section 14-2-832; or
(D)    Receipt
of an improper personal benefit.
(b)    The provisions of
paragraph (2) of subsection (a) of this Code section shall apply to an
officer who is also a director if the sole basis on which he or she is
made a party to the proceeding is an act or omission solely as an
officer.
(c)    An officer of a corporation who is not a
director is entitled to mandatory indemnification under Code Section
14-2-852, and may apply to a court under Code Section 14-2-854 for
indemnification or advances for expenses, in each case to the same
extent to which a director may be entitled to indemnification or
advances for expenses under those provisions.
(d)    A
corporation may also indemnify and advance expenses to an employee or
agent who is not a director to the extent, consistent with public
policy, that may be provided by its articles of incorporation, bylaws,
general or specific action of its board of directors, or contract.
6
14-2-858.
Insurance.
A corporation may purchase and maintain insurance on behalf of an
individual who is a director, officer, employee, or agent of the
corporation or who, while a director, officer, employee, or agent of
the corporation, serves at the corporation's request as a
director, officer, partner, trustee, employee, or agent of another
domestic or foreign corporation, partnership, joint venture, trust,
employee benefit plan, or other entity against liability asserted
against or incurred by him or her in that capacity or arising from his
or her status as a director, officer, employee, or agent, whether or
not the corporation would have power to indemnify or advance expenses
to him or her against the same liability under this part.
14-2-859.
Obligation for indemnification or
advance for expenses in advance of act or omission.
(a)    A corporation may, by a provision in its articles of
incorporation or bylaws or in a resolution adopted or a contract
approved by its board of directors or shareholders, obligate itself in
advance of the act or omission giving rise to a proceeding to provide
indemnification or advance funds to pay for or reimburse expenses
consistent with this part. Any such obligatory provision shall be
deemed to satisfy the requirements for authorization referred to in
subsection (c) of Code Section 14-2-853 or subsection (c) of Code
Section 14-2-855. Any such provision that obligates the corporation to
provide indemnification to the fullest extent permitted by law shall be
deemed to obligate the corporation to advance funds to pay for or
reimburse expenses in accordance with Code Section 14-2-853 to the
fullest extent permitted by law, unless the provision specifically
provides otherwise.
(b)    Any provision pursuant to
subsection (a) of this Code section shall not obligate the corporation
to indemnify or advance expenses to a director of a predecessor of the
corporation, pertaining to conduct with respect to the predecessor,
unless otherwise specifically provided. Any provision for
indemnification or advance for expenses in the articles of
incorporation, bylaws, or a resolution of the board of directors or
shareholders, partners, or, in the case of limited liability companies,
members or managers of a predecessor of the corporation or other entity
in a merger or in a contract to which the predecessor is a party,
existing at the time the merger takes effect, shall be governed by
paragraph (3) of subsection (a) of Code Section 14-2-1106.
(c)    A corporation may, by a provision in its articles of
incorporation, limit any of the rights to indemnification or advance
for expenses created by or pursuant to this part.
(d)    This
part does not limit a corporation's power to pay or reimburse
expenses incurred by a director or an officer in connection with his or
her appearance as a witness in a proceeding at a time when he or she is
not a party.
(e)    Except as expressly provided in Code
Section 14-2-857, this part does not limit a corporation's power
to indemnify, advance expenses to, or provide or maintain insurance on
behalf of an employee or agent.
Articles of
Incorporation Authority
Article 14 of the Company's
Amended and Restated Articles of Incorporation provides:
In
addition to any powers provided by law, in the Bylaws, or otherwise,
the Corporation shall have the power to indemnify any person who
becomes a party or who is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative (including any action
by or in the right of the Corporation), by reason of the fact that he
is or was a director, officer, employee or agent of the Corporation, or
is or was serving at the request of the Corporation as a director,
officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise.
Bylaw
Authority
The Company is referred to in its Bylaws as the
"Corporation". Article VII of the
Company's Amended and Restated Bylaws provides:
SECTION
1.
Definitions
.    As used in this Article, the term:
7
(A)    "Corporation"
includes any domestic or foreign predecessor entity of this Corporation
in a merger or other transaction in which the predecessor's
existence ceased upon consummation of the transaction.
(B)    "Director" means an individual
who is or was a director of the Corporation or an individual who, while
a director of the Corporation, is or was serving at the
Corporation's request as a director, officer, partner, trustee,
employee, or agent of another foreign or domestic corporation,
partnership, joint venture, trust, employee benefit plan, or other
entity. A "director" is considered to be
serving an employee benefit plan at the Corporation's request if
his duties to the Corporation also impose duties on, or otherwise
involve services by, him to the plan or to participants in or
beneficiaries of the plan. "Director"
includes, unless the context requires otherwise, the estate or personal
representative of a director.
(C)    "Disinterested director" means a
director who at the time of a vote referred to in Section 3(C) or a
vote or selection referred to in Section 4(B), 4(C) or 7(A) is not: (i)
a party to the proceeding; or (ii) an individual who is a party to a
proceeding having a familial, financial, professional, or employment
relationship with the director whose indemnification or advance for
expenses is the subject of the decision being made with respect to the
proceeding, which relationship would, in the circumstances, reasonably
be expected to exert an influence on the director's judgment when
voting on the decision being made.
(D)    "Employee" means an individual
who is or was an employee of the Corporation or an individual who,
while an employee of the Corporation, is or was serving at the
Corporation's request as a director, officer, partner, trustee,
employee, or agent of another foreign or domestic corporation,
partnership, joint venture, trust, employee benefit plan, or other
enterprise. An "Employee" is considered to be
serving an employee benefit plan at the Corporation's request if
his duties to the Corporation also impose duties on, or otherwise
involve services by, him to the plan or to participants in or
beneficiaries of the plan. "Employee"
includes, unless the context requires otherwise, the estate or personal
representative of an employee.
(E)    "Expenses" includes counsel
fees.
(F)    "Liability" means the
obligation to pay a judgment, settlement, penalty, fine (including an
excise tax assessed with respect to an employee benefit plan), or
reasonable expenses incurred with respect to a proceeding.
(G)    "Officer" means an individual who
is or was an officer of the Corporation which for purposes of this
Article VII shall include an assistant officer, or an individual who,
while an Officer of the Corporation, is or was serving at the
Corporation's request as a director, officer, partner, trustee,
employee, or agent of another foreign or domestic corporation,
partnership, joint venture, trust, employee benefit plan, or other
entity. An "Officer" is considered to be
serving an employee benefit plan at the Corporation's request if
his duties to the Corporation also impose duties on, or otherwise
involve services by, him to the plan or to participants in or
beneficiaries of the plan. "Officer"
includes, unless the context requires otherwise, the estate or personal
representative of an Officer.
(H)    "Official
capacity" means: (i) when used with respect to a director,
the office of a director in a corporation; and (ii) when used with
respect to an Officer, the office in a corporation held by the Officer.
Official capacity does not include service for any other domestic or
foreign corporation or any partnership, joint venture, trust, employee
benefit plan, or other entity.
(I)    "Party" means an individual who
was, is, or is threatened to be made a named defendant or respondent in
a proceeding.
(J)    "Proceeding"
means any threatened, pending or completed action, suit, or proceeding,
whether civil, criminal, administrative, arbitrative or investigative
and whether formal or informal.
8
SECTION
2.
Basic Indemnification Arrangement
.
(A)    Except as provided in subsection (D) below and, if required
by Section 4 below, upon a determination pursuant to Section 4 in the
specific case that such indemnification is permissible in the
circumstances under this subsection because the individual has met the
standard of conduct set forth in this subsection (A), the Corporation
shall indemnify an individual who is made a party to a proceeding
because he is or was a director or Officer against liability incurred
by him in the proceeding if he conducted himself in good faith and, in
the case of conduct in his official capacity, he reasonably believed
such conduct was in the best interest of the Corporation, or in all
other cases, he reasonably believed such conduct was at least not
opposed to the best interests of the Corporation and, in the case of
any criminal proceeding, he had no reasonable cause to believe his
conduct was unlawful.
(B)    A person's conduct with
respect to an employee benefit plan for a purpose he believes in good
faith to be in the interests of the participants in and beneficiaries
of the plan is conduct that satisfies the requirement of subsection
2(A) above.
(C)    The termination of a proceeding by
judgment, order, settlement, or conviction, or upon a plea of nolo
contendere or its equivalent is not, of itself, determinative that the
proposed indemnitee did not meet the standard of conduct set forth in
subsection 2(A) above.
(D)    The Corporation shall not
indemnify a person under this Article in connection with (i) a
proceeding by or in the right of the Corporation, except for reasonable
expenses incurred in connection with the proceeding if it is determined
that such person has met the relevant standard of conduct under this
section, or (ii) with respect to conduct for which such person was
adjudged liable on the basis that personal benefit was improperly
received by him, whether or not involving action in his official
capacity.
SECTION 3.
Advances for Expenses
.
(A)    The Corporation may advance funds to pay for or reimburse
the reasonable expenses incurred by a director or Officer who is a
party to a proceeding because he is a director or Officer in advance of
final disposition of the proceeding if: (i) such person furnishes the
Corporation a written affirmation of his good faith belief that he has
met the relevant standard of conduct set forth in subsection 2(A) above
or that the proceeding involves conduct for which liability has been
eliminated under the Corporation's Articles of Incorporation; and
(ii) such person furnishes the Corporation a written undertaking
meeting the qualifications set forth below in subsection 3(B), executed
personally or on his behalf, to repay any funds advanced if it is
ultimately determined that he is not entitled to any indemnification
under this Article or otherwise.
(B)    The undertaking
required by subsection 3(A)(ii) above must be an unlimited general
obligation of the director or Officer but need not be secured and shall
be accepted without reference to financial ability to make
repayment.
(C)    Authorizations under this Section shall be
made: (i) By the Board of Directors: (a) when there are two or more
disinterested directors, by a majority vote of all disinterested
directors (a majority of whom shall for such purpose constitute a
quorum) or by a majority of the members of a committee of two or more
disinterested directors appointed by such a vote; or (b) when there are
fewer than two disinterested directors, by a majority of the directors
present, in which authorization directors who do not qualify as
disinterested directors may participate; or (ii) by the shareholders,
but shares owned or voted under the control of a director who at the
time does not qualify as a disinterested director with respect to the
proceeding may not be voted on the authorization.
SECTION
4.
Authorization of and Determination of Entitlement to
Indemnification
.
(A)    The Corporation shall not
indemnify a director or Officer under Section 2 above unless authorized
thereunder and a determination has been made for a specific proceeding
that indemnification of such person is permissible in the circumstances
because he has met the relevant standard of conduct set forth in
subsection 2(A) above; provided, however, that regardless of the result
or absence of any such determination, to the extent that a director or
Officer has been wholly
9
successful, on the merits or otherwise, in
the defense of any proceeding to which he was a party because he is or
was a director or Officer, the Corporation shall indemnify such person
against reasonable expenses incurred by him in connection
therewith.
(B)    The determination referred to in subsection
4(A) above shall be made:
(i)    If there are
two or more disinterested directors, by the board of directors by a
majority vote of all the disinterested directors (a majority of whom
shall for such purpose constitute a quorum) or by a majority of the
members of a committee of two or more disinterested directors appointed
by such a vote;
(ii)    by special legal counsel:
(1)    selected by the Board of Directors or its
committee in the manner prescribed in subdivision (i); or
(2)    If there are fewer than two disinterested
directors, selected by the Board of Directors (in which selection
directors who do not qualify as disinterested directors may
participate); or
(iii)    by the shareholders;
but shares owned by or voted under the control of a director who at the
time does not qualify as a disinterested director may not be voted on
the determination.
(C)    Authorization of indemnification or
an obligation to indemnify and evaluation as to reasonableness of
expenses of a director or Officer in the specific case shall be made in
the same manner as the determination that indemnification is
permissible, as described in subsection 4(B) above, except that if
there are fewer than two disinterested directors or if the
determination is made by special legal counsel, authorization of
indemnification and evaluation as to reasonableness of expenses shall
be made by those entitled under subsection 4(B)(ii)(2) above to select
counsel.
(D)    The Board of Directors, a committee thereof,
or special legal counsel acting pursuant to subsection (B) above or
Section 5 below, shall act expeditiously upon an application for
indemnification or advances, and cooperate in the procedural steps
required to obtain a judicial determination under Section 5 below.
(E)    The Corporation may, by a provision in its Articles of
Incorporation or Bylaws or in a resolution adopted or a contract
approved by its Board of Directors or shareholders, obligate itself in
advance of the act or omission giving rise to a proceeding to provide
indemnification or advance funds to pay for or reimburse expenses
consistent with this part. Any such obligatory provision shall be
deemed to satisfy the requirements for authorization referred to in
Section 3(C) or Section 4(C).
SECTION 5.
Court-Ordered
Indemnification and Advances for Expenses
.    A director or
Officer who is a party to a proceeding because he is a director or
Officer may apply for indemnification or advances for expenses to the
court conducting the proceeding or to another court of competent
jurisdiction. After receipt of an application and after giving any
notice it considers necessary, the court shall order indemnification or
advances for expenses if it determines that:
(i)    The director is entitled to indemnification
under this part; or
(ii)    In view of all the
relevant circumstances, it is fair and reasonable to indemnify the
director or Officer or to advance expenses to the director or Officer,
even if the director or Officer has not met the relevant standard of
conduct set forth in subsection 2(A) above, failed to comply with
Section 3, or was adjudged liable in a proceeding referred to in
subsections (i) or (ii) of Section 2(D), but if the director or Officer
was adjudged so liable, the indemnification shall be limited to
reasonable expenses incurred in connection with the proceeding, unless
the Articles of Incorporation of the Corporation or a Bylaw, contract
or resolution approved or ratified by shareholders pursuant to Section
7 below provides otherwise.
If the court determines that the
director or Officer is entitled to indemnification or advance for
expenses, it may also order the Corporation to pay the director's
or Officer's reasonable expenses to obtain court-ordered
indemnification or advance for expenses.
10
SECTION 6.
Indemnification of
Officers and Employees
.
(A)    Unless the
Corporation's Articles of Incorporation provide otherwise, the
Corporation shall indemnify and advance expenses under this Article to
an employee of the Corporation who is not a director or Officer to the
same extent, consistent with public policy, as to a director or
Officer.
(B)    The Corporation may indemnify and advance
expenses under this Article to an Officer of the Corporation who is a
party to a proceeding because he is an Officer of the Corporation: (i)
to the same extent as a director; and (ii) if he is not a director, to
such further extent as may be provided by the Articles of
Incorporation, the Bylaws, a resolution of the Board of Directors, or
contract except for liability arising out of conduct that is enumerated
in subsections (A)(i) through (A)(iv) of Section 7.
The
provisions of this Section shall also apply to an Officer who is also a
director if the sole basis on which he is made a party to the
proceeding is an act or omission solely as an Officer.
SECTION
7.
Shareholder Approved Indemnification
.
(A)    If
authorized by the Articles of Incorporation or a Bylaw, contract or
resolution approved or ratified by shareholders of the Corporation by a
majority of the votes entitled to be cast, the Corporation may
indemnify or obligate itself to indemnify a person made a party to a
proceeding, including a proceeding brought by or in the right of the
Corporation, without regard to the limitations in other sections of
this Article, but shares owned or voted under the control of a director
who at the time does not qualify as a disinterested director with
respect to any existing or threatened proceeding that would be covered
by the authorization may not be voted on the authorization. The
Corporation shall not indemnify a person under this Section 7 for any
liability incurred in a proceeding in which the person is adjudged
liable to the Corporation or is subjected to injunctive relief in favor
of the Corporation:
(i)    for any
appropriation, in violation of his duties, of any business opportunity
of the Corporation;
(ii)    for acts or
omissions which involve intentional misconduct or a knowing violation
of law;
(iii)    for the types of liability
set forth in Section 14-2-832 of the Georgia Business Corporation Code;
or
(iv)    for any transaction from which he
received an improper personal benefit.
(B)    Where approved
or authorized in the manner described in subsection 7(A) above, the
Corporation may advance or reimburse expenses incurred in advance of
final disposition of the proceeding only if:
(i)    the proposed indemnitee furnishes the
Corporation a written affirmation of his good faith belief that his
conduct does not constitute behavior of the kind described in
subsection 7(A)(i)-(iv) above; and
(ii)    the
proposed indemnitee furnishes the Corporation a written undertaking,
executed personally, or on his behalf, to repay any advances if it is
ultimately determined that he is not entitled to indemnification.
SECTION 8.
Liability Insurance
.    The Corporation may
purchase and maintain insurance on behalf of an individual who is 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,
or other entity against liability asserted against or incurred by him
in that capacity or arising from his status as a director, officer,
employee, or agent, whether or not the Corporation would have power to
indemnify him against the same liability under Section 2 or Section 3
above.
SECTION 9.
Witness Fees
.    Nothing in this
Article shall limit the Corporation's power to pay or reimburse
expenses incurred by a person in connection with his appearance as a
witness in a proceeding at a time when he is not a party.
11
SECTION 10.
Report to
Shareholders
.    If the Corporation indemnifies or advances
expenses to a director in connection with a proceeding by or in the
right of the Corporation, the Corporation shall report the
indemnification or advance, in writing, to shareholders with or before
the notice of the next shareholders' meeting.
SECTION
11.
Severability
.    In the event that any of the
provisions of this Article (including any provision within a single
section, subsection, division or sentence) is held by a court of
competent jurisdiction to be invalid, void or otherwise unenforceable,
the remaining provisions of this Article shall remain enforceable to
the fullest extent permitted by law.
SECTION
12.
Indemnification Not Exclusive
.    The rights of
indemnification provided in this Article VII shall be in addition to
any rights which any such director, Officer, employee or other person
may otherwise be entitled by contract or as a matter of law.
SECTION 13.
Amendments to Georgia Business Corporation
Code
.    In the event that, following the date of these Bylaws,
the Georgia Business Corporation Code is amended to expand the
indemnification protections that a Georgia corporation is permitted to
provide to its directors, Officers and/or Employees, as applicable, the
indemnification protections set forth in this Article VII shall be
automatically amended, without any further action by the Board of
Directors, the shareholders of the Corporation or the Corporation, to
provide the same indemnification protections to the fullest extent
provided by such amendments to the Georgia Business Corporation
Code.
ITEM 7.    EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8.    EXHIBITS.
The following
exhibits are filed as part of this Registration
Statement:
Exhibit
Number
Description
4.1
Articles
5, 6, 7, 8, 11 and 13 of the Amended and Restated Articles of
Incorporation of the Company, effective as of November 14, 1989,
incorporated by reference to Exhibit 3.1 to the Company's Annual
Report on Form 10-K for the year ended December 31, 1998 (File No.
001-08918).
4.2
Articles
I, II, IV, V, VII, VIII, X and XI of the Amended and Restated Bylaws of
the Company, effective as of April 16, 2002, incorporated by reference
to Exhibit 3.3 to the Company's Quarterly Report on Form 10-Q for
the quarter ended March 31,
2002.
5.1
Opinion of
Raymond D. Fortin, Esq., as to the legality of the Common Stock being
registered.
23.1
Consent
of PricewaterhouseCoopers
LLP.
23.2
Consent of
Raymond D. Fortin, Esq. (contained in his opinion filed as
Exhibit
5.1).
24.1
Power of
Attorney (included on Signature
Page).
12
ITEM
9.    UNDERTAKINGS.
(a)
The undersigned
registrant hereby undertakes:
(1)    To file,
during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i)    To include any prospectus required by
Section 10(a)(3) of the Securities Act;
(ii)    To reflect in the prospectus any facts or
events arising after the effective date of the registration statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the registration statement; and
(iii)    To include any material information with
respect to the plan of distribution not previously disclosed in the
registration statement or any material change in such information in
the registration statement;
provided, however, that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration
statement is on Form S-3, Form S-8 or Form F-3, and the information
required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to
the Commission by the registrant pursuant to Section 13 or Section
15(d) of the Exchange Act that are incorporated by reference in the
registration statement.
(2)    That, for the
purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering
of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3)    To remove from
registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of
the offering.
(b)    The undersigned registrant hereby
undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the registrant's annual report
pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the registration statement shall be deemed
to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
(c)    Insofar as indemnification for liabilities arising under
the Securities Act may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the
opinion of the Commission such indemnification is against pubic policy
as expressed in the Securities Act, and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities
(other than the payment by the registrant of expenses incurred or paid
by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the
securities being registered, the registrant will, unless in the opinion
of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such
issue.
13
SIGNATURES
THE
REGISTRANT.    Pursuant to the requirements of the Securities Act of
1933, SunTrust Banks, Inc. certifies that it has reasonable grounds to
believe that it meets all of the requirements for filing on Form S-8
and has duly caused this registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of
Atlanta, State of Georgia, on the 9th day of August, 2005.
SUNTRUST BANKS, INC.
By:
/s/ L. Phillip
Humann
L. Phillip Humann
Chairman of
the Board,
and Chief Executive
Officer
14
POWER OF
ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose
signature appears below, constitutes and appoints Mark A. Chancy and
Raymond D. Fortin, and each of them, his true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, to do any and all acts and things and execute, in the
name of the undersigned, any and all instruments which said
attorneys-in-fact and agents may deem necessary or advisable in order
to enable SunTrust Banks, Inc. to comply with the Securities Act of
1933 and any requirements of the Securities and Exchange Commission in
respect thereof, in connection with the filing with the Securities and
Exchange Commission of the registration statement on Form S-8 under the
Securities Act of 1933, including specifically but without limitation,
power and authority to sign the name of the undersigned to such
registration statement, and all amendments, including post-effective
amendments to such registration statement and to file the same with all
exhibits thereto and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and
authority to do and to perform each and every act and thing requisite
or necessary to be done in and about the premises, as fully and to all
intents and purposes as the undersigned might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and
agents, and any of them, or their substitutes, may lawfully do or cause
to be done by virtue hereof.
Pursuant to the requirements of the
Securities Act of 1933, this Registration Statement has been signed by
the following persons in the capacities indicated as of the 9th day of
August, 2005.
/s/
L Phillip Humann
Chairman
of the Board, Chief Executive Officer and Director
(Principal
Executive Officer)
L. Phillip
Humann
/s/ Mark A.
Chancy
Corporate
Executive Vice President and Chief Financial Officer
(Principal
Financial Officer)
Mark A. Chancy
/s/ Thomas
Panther
Senior Vice
President and Controller
(Principal Accounting
Officer)
Thomas Panther
/s/ Robert M. Beall,
II
Director
Robert M. Beall,
II
/s/ J. Hyatt
Brown
Director
J. Hyatt
Brown
/s/ David H.
Hughes
Director
David H.
Hughes
/s/ Alston D.
Correll
Director
Alston D.
Correll
/s/ Jeffrey C.
Crowe
Director
Jeffrey C.
Crowe
/s/ Thomas C.
Farnsworth, Jr.
Director
Thomas C. Farnsworth,
Jr.
/s/ Patricia C.
Frist
Director
Patricia C.
Frist
/s/ Thomas M.
Garrott
Director
Thomas M.
Garrott
15
/s/ Blake P. Garrett,
Jr.
Director
Blake P. Garrett,
Jr.
Director
E.
Neville Isdell
/s/ M.
Douglas Ivester
Director
M. Douglas
Ivester
/s/ J. Hicks
Lanier
Director
J. Hicks
Lanier
/s/ G. Gilmer
Minor, III
Director
G. Gilmer Minor,
III
/s/ Phail Wynn,
Jr.
Director
Phail Wynn,
Jr.
/s/ Larry L.
Prince
Director
Larry L.
Prince
/s/ Frank S.
Royal, M.D.
Director
Frank S. Royal,
M.D.
Director
Karen
Hastie
Williams
16
INDEX TO
EXHIBITS
Exhibit
Number
Description
4.1
Articles
5, 6, 7, 8, 11 and 13 of the Amended and Restated Articles of
Incorporation of the Company, effective as of November 14, 1989,
incorporated by reference to Exhibit 3.1 to the Company's Annual
Report on Form 10-K for the year ended December 31, 1998. (File No.
001-08918)
4.2
Articles I, II, IV, V,
VII, VIII, X and XI of the Amended and Restated Bylaws of the Company,
effective as of April 16, 2002, incorporated by reference to Exhibit
3.3 to the Company's Quarterly Report on Form 10-Q for the
quarter ended March 31,
2002.
5.1
Opinion of Raymond D.
Fortin, Esq., as to the legality of the Common Stock being
registered.
23.1
Consent of
PricewaterhouseCoopers LLP.
23.2
Consent of
Raymond D. Fortin, Esq. (contained in his opinion filed as Exhibit
5.1).
24.1
Power of Attorney (included on
Signature Page).