Fifth Third Bancorp (FITB) 10-K 2016 FY Annual report

Exhibit 10.47

A MARK OF [**] IN THE TEXT OF THIS EXHIBIT INDICATES THAT CONFIDENTIAL MATERIAL HAS BEEN OMITTED. THIS EXHIBIT. INCLUDING THE OMITTED PORTIONS, HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT UNDER RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

Deutsche Bank AG, London Branch

Winchester house

1 Great Winchester St, London EC2N 2DB

Telephone: 44 20 7545 8000

c/o Deutsche Bank Securities Inc.

60 Wall Street

New York, NY 10005

Telephone: 212-250-2500

SUPPLEMENTAL CONFIRMATION

To:	Fifth Third Bancorp Fifth Third Center Cincinnati, Ohio 45263
From:	Deutsche Bank AG, London Branch
Subject:	Accelerated Stock Buyback
Ref. No.:	710428
Date:	December 15, 2016

The purpose of this Supplemental Confirmation is to confirm the terms and conditions of the Transaction entered into between Deutsche Bank AG, London Branch (“Deutsche”), with Deutsche Bank Securities Inc. acting as agent, and Fifth Third Bancorp (“Counterparty”) (together, the “Contracting Parties”) on the Trade Date specified below. This Supplemental Confirmation is a binding contract between Deutsche and Counterparty as of the relevant Trade Date for the Transaction referenced below.

1. This Supplemental Confirmation supplements, forms part of, and is subject to the Master Confirmation dated as of May 21, 2013 (the “Master Confirmation”) between the Contracting Parties, as amended and supplemented from time to time. All provisions contained in the Master Confirmation govern this Supplemental Confirmation except as expressly modified below.

2. The terms of the Transaction to which this Supplemental Confirmation relates are as follows:

Trade Date:	December 15, 2016
Forward Price Adjustment Amount:	[**]*
Calculation Period Start Date:	December 16, 2016
Scheduled Termination Date:	March 15, 2017
First Acceleration Date:	[**]*
Prepayment Amount:	USD 155,000,000.00
Prepayment Date:	December 20, 2016

Chairman of the Supervisory Board: Dr. Paul Achleitner.

Management Board: John Cryan (Chairman), Kimberly Hammonds,

Stuart Lewis, Sylvie Matherat, Garth Ritchie, Karl von Rohr, Marcus

Schenck, Christian Sewing, Werner Steinmüller, Jeffrey Urwin.

Deutsche Bank AG is authorised under German Banking Law

(competent authority: European Central Bank and the BaFin,

Germany’s Federal Financial Supervisory Authority) and, in the

United Kingdom, by the Prudential Regulation Authority. It is

subject to supervision by the European Central Bank and by BaFin,

and is subject to limited regulation in the United Kingdom by the

Financial Conduct Authority and the Prudential Regulation

Authority.

Deutsche Bank AG is a joint stock corporation with limited liability

incorporated in the Federal Republic of Germany, Local Court of

Frankfurt am Main, HRB No. 30 000; Branch Registration in

England and Wales BR000005 and Registered Address:

Winchester House, 1 Great Winchester Street, London EC2N 2DB.

Deutsche Bank AG, London Branch is a member of the London

Stock Exchange. (Details about the extent of our authorisation and

regulation by the Prudential Regulation Authority, and regulation by

the Financial Conduct Authority, are available on request or from

www.db.com/en/content/eu_disclosures.htm)

* CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND HAS BEEN FILED SEPARATELY WITH

THE SECURITIES AND EXCHANGE COMMISSION.

Initial Shares:	4,843,750 Shares;provided that if, in connection with the Transaction, Deutsche is unable to borrow or otherwise acquire a number of Shares equal to the Initial Shares for delivery to Counterparty on the Initial Share Delivery Date, the Initial Shares delivered on the Initial Share Delivery Date shall be reduced to such number of Shares that Deutsche is able to so borrow or otherwise acquire, and Deutsche shall use reasonable good faith efforts to borrow or otherwise acquire a number of Shares equal to the shortfall in the Initial Share Delivery and to deliver such additional Shares as soon as reasonably practicable. The aggregate of all Shares delivered to Counterparty in respect of the Transaction pursuant to this paragraph shall be the “Initial Shares” for purposes of “Number of Shares to be Delivered” in the Master Confirmation.
Initial Share Delivery Date:	December 20, 2016
Ordinary Dividend Amount:	[**]*
Scheduled Ex-Dividend Date:	December 28, 2016
Termination Price:	[**]*
Additional Relevant Days:	The 5 Exchange Business Days immediately following the Calculation Period.
Reserved Shares:	The number of Reserved Shares set forth in Annex A to the Master Confirmation shall be increased by 11,397,059 Shares.

3. Counterparty represents and warrants to Deutsche that neither it nor any “affiliated purchaser” (as defined in Rule 10b-18 under the Exchange Act) has made any purchases of blocks pursuant to the proviso in Rule 10b-18(b)(4) under the Exchange Act during either (i) the four full calendar weeks immediately preceding the Trade Date or (ii) during the calendar week in which the Trade Date occurs.

4. Deutsche hereby acknowledges that, as publicly disclosed by Counterparty, Counterparty intends to conduct rescission offers in respect of the Shares (the “Offers”) during the term of the Transaction. Notwithstanding anything to the contrary in the Master Confirmation or Supplemental Confirmation, Deutsche hereby acknowledges and agrees that the Offers will not constitute Tender Offers for purposes of the Transaction or otherwise violate any representations, warranties or covenants contained therein.

5. This Supplemental Confirmation may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Supplemental Confirmation by signing and delivering one or more counterparts.

[Remainder of Page Intentionally Blank]

* CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND HAS BEEN FILED SEPARATELY WITH

THE SECURITIES AND EXCHANGE COMMISSION.

Counterparty hereby agrees (a) to check this Supplemental Confirmation carefully and immediately upon receipt so that errors or discrepancies can be promptly identified and rectified and (b) to confirm that the foregoing (in the exact form provided by Deutsche) correctly sets forth the terms of the agreement between Deutsche and Counterparty with respect to any particular Transaction to which this Master Confirmation relates, by manually signing this Master Confirmation or this page hereof as evidence of agreement to such terms and providing the other information requested herein and immediately returning an executed copy to Deutsche Bank Securities Inc., Facsimile No. 646-736-7122.

Yours faithfully,
DEUTSCHE BANK AG, LONDON BRANCH
By:	/s/ Courteney Fornal
	Name: Courteney Fornal
	Title: Attorney in Fact
By:	/s/ Lars Kestner
	Name: Lars Kestner
	Title: Attorney in Fact
DEUTSCHE BANK SECURITIES INC., acting solely as Agent in connection with the Transaction
By:	/s/ Robert Beck
	Name: Robert Beck
	Title: Director
By:	/s/ Courteney Fornal
	Name: Courteney Fornal
	Title: Director

Agreed and Accepted By:

FIFTH THIRD BANCORP

By:/s/ James C. Leonard

      Name: James C. Leonard

      Title: Treasurer

[Signature Page toFITB ASRSupplemental Confirmation]