Exhibit 4.1


 


Execution Version


 


GREAT SOUTHERN BANCORP, INC.


 


Issuer


 


And


 


U.S. BANK NATIONAL ASSOCIATION


 


Trustee


 


INDENTURE


 


Dated as of June 12, 2020


 


SUBORDINATED DEBT SECURITIES


 






    


     


    

 


	
        CROSS-REFERENCE TABLE

         

        CERTAIN SECTIONS OF THIS INDENTURE RELATING
        TO

        SECTIONS 310 THROUGH 318, INCLUSIVE,
        OF THE

        TRUST INDENTURE ACT OF 1939

	Trust Indenture Act Section	Indenture Section
	§310(a)(1)	609
	(a)(2)	609
	(a)(3)	Not Applicable
	(a)(4)	Not Applicable
	(a)(5)	609
	(b)	608; 610
	§311(a)	613
	(b)	613
	§312(a)	701; 702
	(b)	702
	(c)	702
	§313(a)	703
	(b)	703
	(c)	703
	(d)	703
	§314(a)	704
	(a)(1)	704
	(a)(2)	704
	(a)(3)	704
	(a)(4)	1004
	(b)	Not Applicable
	(c)(1)	102
	(c)(2)	102
	(c)(3)	Not Applicable
	(d)	Not Applicable
	(e)	102
	(f)	Not Applicable
	§315(a)	601, 603
	(b)	602
	(c)	601
	(d)	601
	(e)	514
	§316(a)	101
	(a)(1)(A)	502; 512
	(a)(1)(B)	513
	(a)(2)	Not Applicable
	(b)	508
	(c)	104
	§317(a)(1)	503
	(a)(2)	504
	(b)	1003
	§318(a)	107
	 	 
	NOTE: This table shall not, for any purpose, be deemed to be a part of the Indenture.



 






    


     


    

 


TABLE OF CONTENTS


 


Page


 


	ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	 	1
	Section 101.	 	Definitions	 	1
	Section 102.	 	Compliance Certificates and Opinions	 	7
	Section 103.	 	Form of Documents Delivered to Trustee	 	8
	Section 104.	 	Acts of Holders; Record Dates	 	9
	Section 105.	 	Notices, Etc., to Trustee and Company	 	10
	Section 106.	 	Notice to Holders; Waiver	 	10
	Section 107.	 	Conflict with Trust Indenture Act	 	11
	Section 108.	 	Effect of Headings and Table of Contents	 	11
	Section 109.	 	Successors and Assigns	 	11
	Section 110.	 	Separability Clause	 	11
	Section 111.	 	Benefits of Indenture	 	12
	Section 112.	 	Governing Law	 	12
	Section 113.	 	Legal Holidays	 	12
	Section 114.	 	Language of Notices, Etc.	 	12
	Section 115.	 	Interest Limitation	 	12
	Section 116.	 	No Personal Liability of Officers, Directors, Employees or Shareholders	 	13
	Section 117.	 	Applicability of Depositary	 	13
	Section 118.	 	Duplicate Originals; Electronic Delivery	 	13
	ARTICLE II SECURITY FORMS	 	14
	Section 201.	 	Forms Generally	 	14
	Section 202.	 	Form of Face of Security	 	14
	Section 203.	 	Form of Reverse of Security	 	17
	Section 204.	 	Global Securities	 	21
	Section 205.	 	Form of Trustee’s Certificate and Authorization	 	22
	ARTICLE III THE SECURITIES	 	22
	Section 301.	 	Amount Unlimited; Issuable in Series	 	22
	Section 302.	 	Denominations	 	26
	Section 303.	 	Execution, Authentication, Delivery and Dating	 	26
	Section 304.	 	Temporary Securities	 	28




 






    i


     


    

 


	Section 305.	 	Registration, Registration of Transfer and Exchange	 	28
	Section 306.	 	Mutilated, Destroyed, Lost and Stolen Securities	 	30
	Section 307.	 	Payment of Interest; Interest Rights Preserved	 	31
	Section 308.	 	Persons Deemed Owners	 	32
	Section 309.	 	Cancellation	 	32
	Section 310.	 	Computation of Interest	 	33
	Section 311.	 	CUSIP Numbers	 	33
	ARTICLE IV SATISFACTION AND DISCHARGE	 	33
	Section 401.	 	Satisfaction and Discharge of Indenture	 	33
	Section 402.	 	Application of Trust Money	 	34
	ARTICLE V DEFAULTS AND REMEDIES	 	34
	Section 501.	 	Events of Default	 	35
	Section 502.	 	Acceleration of Maturity; Rescission and Annulment	 	35
	Section 503.	 	Collection of Indebtedness and Suits for Enforcement by Trustee	 	36
	Section 504.	 	Trustee May File Proofs of Claim	 	37
	Section 505.	 	Trustee May Enforce Claims Without Possession of Securities	 	38
	Section 506.	 	Application of Money Collected	 	38
	Section 507.	 	Limitation on Suits	 	38
	Section 508.	 	Unconditional Right of Holders to Receive Principal, Premium and Interest	 	39
	Section 509.	 	Restoration of Rights and Remedies	 	39
	Section 510.	 	Rights and Remedies Cumulative	 	39
	Section 511.	 	Delay or Omission Not Waiver	 	39
	Section 512.	 	Control by Holders	 	40
	Section 513.	 	Waiver of Past Defaults	 	40
	Section 514.	 	Undertaking for Costs	 	40
	ARTICLE VI THE TRUSTEE	 	41
	Section 601.	 	Certain Duties and Responsibilities	 	41
	Section 602.	 	Notice of Defaults	 	42
	Section 603.	 	Certain Rights of Trustee	 	42
	Section 604.	 	Not Responsible for Recitals or Issuance of Securities	 	44
	Section 605.	 	May Hold Securities	 	44
	Section 606.	 	Money Held in Trust	 	44
	Section 607.	 	Compensation and Reimbursement	 	44




 






    ii


     


    

 


	Section 608.	 	Disqualification; Conflicting Interests	 	45
	Section 609.	 	Corporate Trustee Required; Eligibility	 	45
	Section 610.	 	Resignation and Removal; Appointment of Successor	 	46
	Section 611.	 	Acceptance of Appointment by Successor	 	47
	Section 612.	 	Merger, Conversion, Consolidation or Succession to Business	 	48
	Section 613.	 	Preferential Collection of Claims Against Company	 	48
	Section 614.	 	Appointment of Authenticating Agent	 	48
	ARTICLE VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND THE COMPANY	 	50
	Section 701.	 	Company to Furnish Trustee Names and Addresses of Holders	 	50
	Section 702.	 	Preservation of Information; Communications to Holders	 	50
	Section 703.	 	Reports by Trustee	 	51
	Section 704.	 	Reports by Company	 	51
	ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	 	51
	Section 801.	 	Company May Consolidate, Etc., Only on Certain Terms	 	51
	Section 802.	 	Successor Substituted	 	52
	ARTICLE IX SUPPLEMENTAL INDENTURES	 	52
	Section 901.	 	Supplemental Indentures Without Consent of Holders	 	52
	Section 902.	 	Supplemental Indentures with Consent of Holders	 	53
	Section 903.	 	Execution of Supplemental Indentures	 	54
	Section 904.	 	Effect of Supplemental Indentures	 	55
	Section 905.	 	Conformity with Trust Indenture Act	 	55
	Section 906.	 	Reference in Securities to Supplemental Indentures	 	55
	ARTICLE X COVENANTS	 	55
	Section 1001.	 	Payment of Principal, Premium and Interest	 	55
	Section 1002.	 	Maintenance of Office or Agency	 	55
	Section 1003.	 	Money for Securities Payments to Be Held in Trust	 	56
	Section 1004.	 	Statement by Officers as to Default; Change in Fiscal Year	 	57
	Section 1005.	 	Waiver of Certain Covenants	 	57
	ARTICLE XI REDEMPTION OF SECURITIES	 	58
	Section 1101.	 	Applicability of Article	 	58
	Section 1102.	 	Election to Redeem; Notice to Trustee	 	58
	Section 1103.	 	Selection by Trustee of Securities to be Redeemed	 	58




 






    iii


     


    

 


	Section 1104.	 	Notice of Redemption	 	59
	Section 1105.	 	Deposit of Redemption Price	 	59
	Section 1106.	 	Securities Payable on Redemption Date	 	60
	Section 1107.	 	Securities Redeemed in Part	 	60
	ARTICLE XII SINKING FUNDS	 	60
	Section 1201.	 	Applicability of Article	 	60
	Section 1202.	 	Satisfaction of Sinking Fund Payments with Securities	 	61
	Section 1203.	 	Redemption of Securities for Sinking Fund	 	61
	ARTICLE XIII DEFEASANCE	 	61
	Section 1301.	 	Applicability of Article	 	61
	Section 1302.	 	Legal Defeasance	 	61
	Section 1303.	 	Covenant Defeasance	 	63
	Section 1304.	 	Application by Trustee of Funds Deposited for Payment of Securities	 	65
	Section 1305.	 	Repayment to Company	 	65
	Section 1306.	 	Reinstatement	 	65
	ARTICLE XIV SUBORDINATION OF SECURITIES	 	66
	Section 1401.	 	Securities Subordinated to Senior Debt	 	66




 






    iv


     


    

 


INDENTURE, dated as
of June 12, 2020, between GREAT SOUTHERN BANCORP, INC., a Maryland corporation (the “Company”), having
its principal office at 1451 East Battlefield, Springfield, Missouri 65804, and U.S. BANK NATIONAL ASSOCIATION, a national banking
association organized and existing under the laws of the United States of America (the “Trustee”), having a corporate
trust office at Two Liberty Place, 50 South 16th Street, Suite 2000, Mail Station EX-PA-WBSP, Philadelphia, PA 19102.


 


RECITALS OF THE COMPANY


 


The Company has duly
authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its unsecured subordinated
debentures, notes or other evidences of indebtedness (to the extent authenticated and delivered under this Indenture, the “Securities”),
to be issued in one or more series as provided in this Indenture.


 


All things necessary
to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done.


 


This Indenture is subject
to the provisions of the Trust Indenture Act that are required to be a part of this Indenture and, to the extent applicable, shall
be governed by such provisions.


 


NOW, THEREFORE, THIS
INDENTURE WITNESSETH:


 


For and in consideration
of the premises and the purchase of the Securities by the Holders thereof, it is mutually agreed, for the equal and proportionate
benefit of all Holders of the Securities or of any series thereof, as follows:


 


ARTICLE I

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION


 


Section 101.     Definitions


 


For all purposes of
this Indenture, except as otherwise expressly provided or unless the context otherwise requires:


 


		(1)	the terms defined in this Article have the meanings assigned to them in this Article and
include the plural as well as the singular;



 


		(2)	all other terms used herein which are defined in the Trust Indenture Act, either directly, or by
reference therein, have the meanings assigned to them therein;



 


		(3)	all accounting terms not otherwise defined herein have the meanings assigned to them in accordance
with GAAP;



 


		(4)	the word “including” means “including without limitation”;



 


		(5)	the words “hereby,” “herein”, “hereof”
and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular
Article, Section or other subdivision; and



 


		(6)	the words “Article” and “Section” refer to an Article and
Section, respectively, of this Indenture.



 






    	 	1	 



     


    

 


“Act”,
when used with respect to any Holder, has the meaning specified in Section 104.


 


“Affiliate”
of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect
common control with such specified Person. For the purposes of this definition, “control” when used with respect
to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.


 


“Authenticating
Agent” means any Person authorized by the Trustee pursuant to Section 614 to act on behalf of the Trustee to authenticate
Securities of one or more series.


 


“Authorized
Newspaper” means a newspaper, in the English language or in an official language of the country of publication, customarily
published on each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in the place
in connection with which the term is used or in the financial community of such place.


 


“Bankruptcy
Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors or the protection of creditors.


 


“Board of
Directors” means:


 


		(1)	with respect to a corporation, the board of directors of the corporation or any committee thereof
duly authorized to act on behalf of such board;



 


		(2)	with respect to a partnership, the Board of Directors of the general partner of the partnership;



 


		(3)	with respect to a limited liability company, the managing member or members or any controlling
committee of managing members thereof; and



 


		(4)	with respect to any other Person (including a business trust), the board of trustees or committee
of such Person serving a similar function.



 


“Board Resolution”
means a copy of a resolution certified by the Corporate Secretary of the Company, the principal financial officer of the Company
or any other authorized officer of the Company or a Person duly authorized by any of them, to have been duly adopted by the Board
of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. Where any provision
of this Indenture refers to action to be taken pursuant to a Board Resolution (including the establishment of any series of the
Securities and the forms and terms thereof), such action may be taken by any committee, officer or employee of the Company authorized
to take such action by the Board of Directors as evidenced by a Board Resolution.


 






    	 	2	 



     


    

 


“Business
Day”, when used with respect to any Place of Payment or other location, means, except as otherwise provided as contemplated
by Section 301 with respect to any series of Securities, each Monday, Tuesday, Wednesday, Thursday and Friday which is not
a day on which banking institutions in that Place of Payment or other location are authorized or obligated by law, executive order
or regulation to close.


 


“Commission”
means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act or, if at any time
after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust
Indenture Act, then any body performing such duties at such time.


 


“Company”
means the Person named as the “Company” in the first paragraph of this Indenture until a successor Person shall have
become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor
Person.


 


“Company Request”
or “Company Order” means a written request or order signed in the name of the Company by any one of the Chairman
of the Board, the Vice Chairman of the Board, the Chief Executive Officer, the President, a Vice President, the Chief Financial
Officer, the Chief Accounting Officer or the Controller of the Company, and by any one of the Treasurer, an Assistant Treasurer,
the Secretary or an Assistant Secretary of the Company, and delivered to the Trustee.


 


“Corporate
Trust Office” means the office of the Trustee located at Two Liberty Place, 50 South 16th Street, Suite 2000, Mail
Station EX-PA-WBSP, Philadelphia, PA 19102, or at such other address as the Trustee shall have notified to the Company and the
Holders.


 


“Corporation”
means a corporation, association, partnership (general or limited), limited liability company, joint-stock company or business
trust.


 


“Covenant
Defeasance” has the meaning specified in Section 1303.


 


“Custodian”
means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.


 


“Debt”
means any debt for money borrowed.


 


“Default”
means, with respect to a series of Securities, any event which is, or after notice or lapse of time or both would become, an Event
of Default with respect to Securities of such series.


 


“Defaulted
Interest” has the meaning specified in Section 307.


 


“Defeasance”
has the meaning specified in Section 1302.


 


“Definitive
Security” means a Security other than a Global Security or a temporary Security.


 


“Depositary”
means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global Securities, a clearing
agency registered under the Exchange Act that is designated to act as Depositary for such Securities as contemplated by Section 301,
until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter shall
mean or include each Person which is then a Depositary hereunder, and if at any time there is more than one such Person, shall
be a collective reference to such Persons.


 






    	 	3	 



     


    

 


“Dollar”
or “$” means such coin or currency of the United States of America as at the time of payment is legal tender
for the payment of public and private debts.


 


“DTC”
has the meaning specified in Section 104.


 


“Event of
Default” has the meaning specified in Section 501.


 


“Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time, and any statute successor thereto.


 


“Fiscal Year”
means, with respect to the Company, each 12-month period beginning on January 1 and ending on December 31.


 


“GAAP”
means accounting principles generally accepted in the United States, consistently applied, as from time to time in effect.


 


“Global Security”
means a Security in global form that evidences all or part of the Securities of any series and is registered in the name of the
Depositary for such Securities or a nominee thereof.


 


“Holder”
means a Person in whose name a Security is registered in the Security Register.


 


“Indenture”
means this instrument as originally executed or as it may from time to time be amended, supplemented or otherwise modified in accordance
herewith, including by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, and
including, for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust Indenture Act that
are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture”
shall also include the terms of particular series of Securities established as contemplated by Section 301.


 


“interest”
means, with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, interest payable
after Maturity.


 


“Interest
Payment Date”, when used with respect to any Security, means the Stated Maturity of an installment of interest on such
Security.


 


“Maturity”,
when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes
due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption
or otherwise.


 






    	 	4	 



     


    

 


“Officers’
Certificate” of a Person means a certificate signed by any two of the Chairman of the Board, the Vice Chairman of the
Board, the Chief Executive Officer, the President, a Vice President, the Chief Financial Officer, the Chief Accounting Officer,
the Controller, the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Person, or if such Person
is a partnership, of its general partner, and delivered to the Trustee.  One of the officers or such other Persons (as applicable)
signing an Officers’ Certificate given pursuant to Section 1004 shall be the principal executive, financial or accounting
officer of the Person, or if such Person is a partnership, of its general partner.


 


“Opinion of
Counsel” means a written opinion of legal counsel, who may be an employee of or counsel for the Company, which opinion
shall comply with the provisions of Sections 102 and 103.


 


“Original
Issue Discount Security” means any Security which provides for an amount less than the stated principal amount thereof
to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502.


 


“Outstanding”,
when used with respect to Securities, means, as of the date of determination, all Securities theretofore authenticated and delivered
under this Indenture, except:


 


		(1)	Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation;



 


		(2)	Securities for whose payment or redemption money in the necessary amount has been theretofore deposited
with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if
the Company shall act as its own Paying Agent) for the Holders of such Securities; provided, however, that if such
Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor has
been made;



 


		(3)	Securities which have been paid pursuant to Section 306 or in exchange for or in lieu of which
other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of
which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser
in whose hands such Securities are valid obligations of the Company; and



 


		(4)	Securities, except to the extent provided in Sections 1302 and 1303, with respect to which the
Company has effected Defeasance or Covenant Defeasance as provided in Article XIII;



 


provided, however, that in
determining whether the Holders of the requisite principal amount of the Outstanding Securities have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, (A) the principal amount of an Original Issue Discount Security
that shall be deemed to be Outstanding shall be the amount of the principal thereof that would be due and payable as of the date
of such determination upon acceleration of the Maturity thereof on such date pursuant to Section 502, (B) the principal
amount of a Security denominated in one or more currencies or currency units other than Dollars shall be the Dollar equivalent
of such currencies or currency units, determined in the manner provided as contemplated by Section 301 on the date of original
issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the Dollar equivalent
(as so determined) on the date of original issuance of such Security, of the amount determined as provided in clause (A) above)
of such Security, and (C) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the
Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the
Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only
Securities which the Trustee actually knows to be so owned shall be so disregarded. Securities so owned as described in clause
(C) above which have been pledged in good faith may be regarded as Outstanding if the pledgee certifies to the Trustee the
pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon
the Securities or any Affiliate of the Company or of such other obligor.


 






    	 	5	 



     


    

 


“Paying Agent”
means any Person authorized by the Company to pay the principal of or any premium or interest on any Securities on behalf of the
Company.


 


“Periodic
Offering” means an offering of Securities of a series from time to time, the specific terms of which Securities, including
the rate or rates of interest or formula for determining the rate or rates of interest thereon, if any, the Stated Maturity or
Stated Maturities thereof, the original issue date or dates thereof, the redemption provisions, if any, with respect thereto, and
any other terms specified as contemplated by Section 301 with respect thereto, are to be determined by the Company upon the
issuance of such Securities.


 


“Person”
means any individual, Corporation, joint venture, trust, unincorporated organization or government or any agency or political subdivision
thereof.


 


“Place of
Payment”, when used with respect to the Securities of any series, means, unless otherwise specifically provided for with
respect to such series as contemplated by Section 301, the office specified as such in Section 1002 and such other place
or places where, subject to the provisions of Section 1002, the principal of and any premium and interest on the Securities
of that series are payable as specified as contemplated by Section 301.


 


“Predecessor
Security” of any particular Security means every previous Security evidencing all or a portion of the same Debt as that
evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under
Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the
same Debt as the mutilated, destroyed, lost or stolen Security.


 


“Redemption
Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant
to this Indenture.


 


“Redemption
Price”, when used with respect to any Security to be redeemed, means the price at which it is to be redeemed, determined
for such Security pursuant to this Indenture, as contemplated by Section 301 and/or by the terms of such Security.


 


“Regular Record
Date” for the interest payable on any Interest Payment Date on the Securities of any series means the date specified
for that purpose as contemplated by Section 301.


 


“Securities”
has the meaning specified in the first recital of this Indenture.


 






    	 	6	 



     


    

 



 


“Security
Register” and “Security Registrar” have the respective meanings specified in Section 305.


 


“Special Record
Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307.


 


“Stated Maturity”,
when used with respect to the principal of any Security or any installment of principal thereof or interest thereon, means the
date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest
is due and payable, and does not include any contingent obligation to repay, redeem or repurchase any such interest or principal
prior to the date originally scheduled for the payment thereof.


 


“Subsidiary”
means, with respect to any Person, any entity of which more than 50% of the total voting power of the equity interests entitled,
without regard to the occurrence of any contingency, to vote in the election of directors, managers or trustees thereof; or any
partnership of which more than 50% of the partners’ equity interests, considering all partners’ equity interests as
a single class, is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries
of that Person or combination thereof.


 


“Trust Indenture
Act” means the Trust Indenture Act of 1939 as in force on the date as of which this instrument was executed, except as
otherwise provided in Section 905; provided, however, that if the Trust Indenture Act of 1939 is amended after
such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939
as so amended.


 


“Trustee”
means the Person named as the “Trustee” in the first paragraph of this Indenture, until a successor Trustee shall have
replaced it pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each Person
who is then a Trustee hereunder.  If at any time there is more than one such Person, “Trustee” as used with respect
to the Securities of any series shall mean each Trustee with respect to Securities of that series.


 


“U.S. Government
Obligations” means securities which are (i) direct obligations of the United States for the payment of which its
full faith and credit is pledged, or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality
of the United States, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States,
each of which are not callable or redeemable at the option of the issuer thereof.


 


Section 102.       Compliance
Certificates and Opinions


 


Upon any application
or request by the Company to the Trustee to take or refrain from taking any action under any provision of this Indenture, the Company
shall furnish to the Trustee an Officers’ Certificate in form and substance reasonably satisfactory to the Trustee stating
that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to
the proposed action have been complied with, and an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
stating that, in the opinion of such counsel, all such conditions precedent have been complied with. Each such certificate or opinion
shall be given in the form of an Officers’ Certificate, if to be given by officers of the Company, or an Opinion of Counsel,
if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth
in this Indenture.


 






    	 	7	 



     


    

 


Every Officers’
Certificate or Opinion of Counsel (except for certificates provided for in Section 1004) shall include:


 


		(1)	a statement that each individual signing such certificate or opinion has read such covenant or
condition and the definitions herein relating thereto;



 


		(2)	a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based;



 


		(3)	a statement that, in the opinion of each such individual, he or she has made such examination or
investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition
has been complied with; and



 


		(4)	a statement as to whether, in the opinion of each such individual, such condition or covenant has
been complied with.



 


Section 103.       Form of
Documents Delivered to Trustee


 


In any case where several
matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters
be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document,
but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other
matters, and any such Person may certify or give an opinion as to such matters in one or several documents.  Where any Person
is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other
instruments under this Indenture, they may, but need not, be consolidated and form one instrument.


 


Any certificate or
opinion of an officer of or counsel for the Company may be based, insofar as it relates to legal matters, upon a certificate or
opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that
the certificate or opinion or representations with respect to the matters upon which his or her certificate or opinion is based
are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters, upon a certificate
or opinion of, or representations by, an officer or officers of the Company, stating that the information with respect to such
factual matters is in the possession of the Company, unless such counsel knows that the certificate or opinion or representations
with respect to such matters are erroneous.


 


Any certificate or
opinion of an officer of or counsel for the Company may be delivered electronically.


 


Whenever, subsequent
to the receipt by the Trustee of any Board Resolution, Officers’ Certificate, Opinion of Counsel or other document or instrument,
a clerical, typographical or other inadvertent or unintentional error or omission shall be discovered therein, a new document or
instrument may be substituted therefor in corrected form with the same force and effect as if originally received in the corrected
form and, irrespective of the date or dates of the actual execution and/or delivery thereof, such substitute document or instrument
shall be deemed to have been executed and/or delivered as of the date or dates required with respect to the document or instrument
for which it is substituted.  Without limiting the generality of the foregoing, any Securities issued under the authority
of such defective document or instrument shall nevertheless be the valid obligations of the Company entitled to the benefits of
this Indenture equally and ratably with all other Outstanding Securities.


 






    	 	8	 



     


    

 


Section 104.       Acts
of Holders; Record Dates


 


Any request, demand,
authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given or taken
by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed (either physically
or by means of a facsimile or an electronic transmission, provided that such electronic transmission is transmitted through
the facilities of a Depositary) by such Holders in person or by an agent duly appointed in writing; and, except as herein otherwise
expressly provided, such action shall become effective when such instrument or instruments are delivered (either physically or
by means of a facsimile or an electronic transmission, provided that such electronic transmission is transmitted through
the facilities of a Depositary) to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments
(and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the
Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent
shall be sufficient for any purpose of this Indenture and (subject to Section 315 of the Trust Indenture Act) conclusive in
favor of the Trustee and the Company, if made in the manner provided in this Section.


 


Without limiting the
generality of the foregoing, a Holder, including a Depositary that is a Holder of a Global Security, may make, give or take, by
a proxy or proxies, duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other
action provided in this Indenture to be made, given or taken by Holders, and a Depositary that is a Holder of a Global Security
may provide its proxy or proxies to the beneficial owners of interests in any such Global Security. With respect to any Global
Security the Depositary for which is The Depository Trust Company (“DTC”), any consent or other action given,
made or taken by an “agent member” of DTC by electronic means in accordance with the Automated Tender Offer Procedures
system or other applicable procedures of, and pursuant to authorization by, DTC shall be deemed to constitute the “Act”
of the Holder of such Global Security, and such Act shall be deemed to have been delivered to the Company and the Trustee upon
the delivery by DTC of an “agent’s message” or other notice of such consent or other action having been so given,
made or taken in accordance with the applicable procedures of DTC.


 


The fact and date of
the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or
by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual
signing such instrument or writing acknowledged to such Person the execution thereof. Where such execution is by a signer acting
in a capacity other than the signer’s individual capacity, such certificate or affidavit shall also constitute sufficient
proof of the signer’s authority. The fact and date of the execution of any such instrument or writing or the authority of
the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient.


 



    	 	9	 



     


    

 





The ownership, principal
amount and serial numbers of Securities held by any Person, and the date of commencement of such Person’s holding the same,
shall be proved by the Security Register.


 


Any request, demand,
authorization, direction, notice, consent, waiver or other action of the Holder of any Security shall bind every future Holder
of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor
or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon,
whether or not notation of such action is made upon such Security.


 


Without limiting the
foregoing, a Holder entitled hereunder to give or take any action hereunder with regard to any particular Security may do so with
regard to all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do
so pursuant to such appointment with regard to all or any different part of such principal amount.


 


The Company may set
any day as the record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to give
or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture
to be given or taken by Holders of Securities of such series, but the Company shall have no obligation to do so. With regard to
any record date set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date
(or their duly appointed agents), and only such Persons, shall be entitled to give or take the relevant action, whether or not
such Holders remain Holders after such record date.


 


Section 105.       Notices,
Etc., to Trustee and Company


 


Any request, demand,
authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to
be made upon, given or furnished to, or filed with


 


		(1)	the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if
made in writing and actually received by the Trustee at its office at Two Liberty Place, 50 South 16th Street, Suite 2000,
Mail Station EX-PA-WBSP, Philadelphia, PA 19102, or at any other address previously furnished in writing by the Trustee, or



 


		(2)	the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless
otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company, addressed to it at
1451 East Battlefield, Springfield, Missouri 65804, Attention: Treasurer, or at any other address previously furnished in writing
to the Trustee by the Company.



 


All notices, approvals, consents, requests
and any communications hereunder must be in writing, provided that any communication sent to the Trustee hereunder must be in the
form of a document that is signed manually or by way of a digital signature provided by a digital signature provider (as specified
in writing to Trustee by the authorized representative), in English.  The Company agrees to assume all risks arising out of
the use of digital signatures and electronic methods to submit communications to Trustee, including, without limitation, the risk
of Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties.


 






    	 	10	 



     


    

 


Section 106.       Notice
to Holders; Waiver


 


Where this Indenture
provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided)
if in writing and mailed, first-class postage prepaid (if international mail, by air mail), to each Holder affected by such event,
at its address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest
date (if any), prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure
to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice
with respect to other Holders. Any notice mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have
been received by such Holder, whether or not such Holder actually receives such notice.


 


Where this Indenture
provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.


 


In case of the suspension
of regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification
as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder.


 


Where this Indenture
provides for notice or other communication with respect to any event to a Holder of a Global Security, such notice or other communication
shall be sufficiently given if given to the Depositary for such Security (or its designee), pursuant to its applicable procedures,
not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice
or other communication.


 


Section 107.       Conflict
with Trust Indenture Act


 


If any provision hereof
limits, qualifies or conflicts with a provision of the Trust Indenture Act that is required under such Act to be a part of and
govern this Indenture, the provision of the Trust Indenture Act shall control. If any provision of this Indenture modifies or excludes
any provision of the Trust Indenture Act that may be so modified or excluded, the provision of the Trust Indenture Act shall be
deemed to apply to this Indenture as so modified or excluded, as the case may be. Whenever this Indenture refers to a provision
of the Trust Indenture Act, the provision is incorporated by reference in and made a part of this Indenture.


 


Section 108.       Effect
of Headings and Table of Contents


 


The Article and
Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof.


 






    	 	11	 



     


    

 


Section 109.       Successors
and Assigns


 


All covenants and agreements
in this Indenture and the Securities by the Company shall bind its successors and assigns, whether so expressed or not. All covenants
and agreements in this Indenture and the Securities by the Trustee shall bind its successors and assigns, whether so expressed
or not.


 


Section 110.       Separability
Clause


 


In case any provision
in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.


 


Section 111.       Benefits
of Indenture


 


Nothing in this Indenture
or in the Securities, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder,
the holders of any designated senior debt and the Holders, any benefit or any legal or equitable right, remedy or claim under this
Indenture.


 


Section 112.       Governing
Law


 


This Indenture and
the Securities shall be governed by and construed in accordance with the law of the state of New York without reference to its
principles of conflict of laws (other than Section 5-1401 of the General Obligations Law).


 


Section 113.       Legal
Holidays


 


In any case where any
Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of Payment,
then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision of the Securities of any
series which specifically states that such provision shall apply in lieu of this Section)) payment of interest or principal (and
premium, if any) need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at
such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated
Maturity, provided that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date
or Stated Maturity, as the case may be.


 


Section 114.       Language
of Notices, Etc.


 


Any request, demand,
authorization, direction, notice, consent, waiver or Act required or permitted under this Indenture shall be in the English language,
except that any published notice may be in an official language of the country of publication.


 






    	 	12	 



     


    

 


Section 115.       Interest
Limitation


 


It is the intention
of the Company to conform strictly to all applicable usury laws and any subsequent revisions, repeals or judicial interpretations
thereof. Accordingly, if the transactions contemplated hereby would be usurious under any applicable law then, in that event, notwithstanding
anything to the contrary in the Securities or this Indenture, it is agreed as follows: (i) the aggregate of all consideration
which constitutes interest under applicable law with respect to a Security shall under no circumstances exceed the maximum amount
allowed by applicable law, and any excess shall be credited to the principal amount of such Security (or, if the principal amount
of such Security shall have been paid in full, refunded to the Company), to the extent permitted by applicable law; and (ii) in
the event that the maturity of any Security is accelerated or in the event of any redemption of such Security, then such consideration
that constitutes interest under applicable law may never include more than the maximum amount allowed by applicable law, and any
excess shall be credited to the principal amount of such Security (or, if the principal amount of such Security shall be paid in
full, refunded to the Company), to the extent permitted by applicable law. All calculations made to compute the rate of interest
with respect to a Security for the purpose of determining whether such rate exceeds the maximum amount allowed by applicable law
shall be made, to the extent permitted by such applicable law, by allocating and spreading during the period of the full stated
term of such Security all interest any time contracted for, taken, reserved, charged or received by such Holder or by the Trustee
on behalf of any such Holder in connection therewith so that the amount or rate of interest charged for any and all periods of
time during the term of the Security does not exceed the maximum amount or rate of interest allowed to be charged by law during
the relevant period of time. Notwithstanding any of the foregoing, if at any time applicable laws shall be changed so as to permit
a higher rate or amount of interest to be charged than that permitted prior to such change, then unless prohibited by law, references
in this Indenture or any Security to “applicable law” when used in the context of determining the maximum interest
or rate of interest that can be charged shall be deemed to refer to such applicable law as so amended to allow the greater amount
or rate of interest.


 


The right to accelerate
maturity of any Security does not include the right to accelerate any interest which has not otherwise accrued to the date of such
acceleration, provided, however, that the foregoing shall not prohibit the continuing accrual after acceleration
of interest in accordance with the terms of the Indenture and such Security.


 


Section 116.       No
Personal Liability of Officers, Directors, Employees or Shareholders


 


Obligations of the
Company under this Indenture and the Securities hereunder are payable only out of cash flow and assets of the Company. The Trustee,
and each Holder of a Security by its acceptance thereof, will be deemed to have agreed in this Indenture that no director, officer,
employee, or shareholder, as such, of the Company, the Trustee, or any Affiliate of any of the foregoing entities shall have any
personal liability in respect of the obligations of the Company under this Indenture or such Securities by reason of his, her or
its status. The agreements set forth in this Section are part of the consideration for the issuance of the Securities.


 


Section 117.       Applicability
of Depositary


 


Notwithstanding any
other provision of this Indenture, so long as a series of Securities is a Global Security, the parties hereto will be bound at
all times by the applicable procedures of the Depositary with respect to such series, and the Trustee shall not be deemed to have
knowledge, at any time, of the identity of the beneficial owners of the Securities unless it shall have been provided with a list
of the beneficial owners by the Depository as of such time.


 






    	 	13	 



     


    

 


Section 118.       Duplicate
Originals; Electronic Delivery


 


The parties may execute
any number of counterparts of this Indenture and of any indenture supplemental hereto. Each executed copy hereof or thereof shall
be an original, but all of such copies together shall represent one and the same instrument. The exchange of copies hereof or thereof
and of signature pages hereto or thereto by facsimile or electronic format (e.g., .pdf or .tif) transmission shall constitute
effective execution and delivery as to the respective parties hereto or thereto, and may be used in lieu of the original such document
for all purposes. Signatures of the parties hereto or thereto transmitted by facsimile or electronic format (e.g., .pdf or .tif)
shall be deemed to be original signatures for all purposes.


 


ARTICLE II


SECURITY FORMS


 


Section 201.       Forms
Generally


 


The Securities of each
series shall be in substantially the form set forth in this Article, or in such other form as shall be established by or pursuant
to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture, and may have such letters, numbers or other
marks of identification and such legends or endorsements placed thereon as may be required to comply with applicable laws or the
rules of any securities exchange or automated quotation system on which the Securities of such series may be listed or traded
or of any Depositary therefor or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced
by their execution of the Securities. If the form of Securities of any series is established by action taken by or pursuant to
a Board Resolution, a copy of an appropriate record of such action shall be certified by an authorized officer or other authorized
Person on behalf of the Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 303
for the authentication and delivery of such Securities. Any form of Security approved by or pursuant to a Board Resolution must
be acceptable as to form by the Trustee, such acceptance to be evidenced by the Trustee’s authentication of Securities in
that form.


 


The Definitive Securities
shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined
by the officers executing such Securities, as evidenced by their execution of such Securities.


 


Section 202.       Form of
Face of Security


 


The form of the Securities
shall be as follows:


 


[Insert any legend
required by the United States Internal Revenue Code and the regulations thereunder.]


 


[If a Global Security,
insert legend required by Section 204 of the Indenture]


 






    	 	14	 



     


    

 


[If applicable, insert—UNLESS
THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION, TO THE COMPANY
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE &CO.
OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]


 


GREAT SOUTHERN BANCORP, INC.


 


[TITLE OF SECURITY]


 


	No.	$


 


[CUSIP No.]


 


GREAT SOUTHERN BANCORP, INC.,
a Maryland corporation (together with any successor thereto under the Indenture hereinafter referred to, the “Company”),
for value received, hereby promises to pay to [     ], or registered assigns, the principal sum of [    
] United States Dollars [state other currency] on [     ] [if the Security is to bear interest prior to Maturity,
insert—, and to pay interest thereon from [     ], or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually on [     ] and [     ] in each year, commencing
[     ], at the rate of [     ] % per annum, until the principal hereof is paid or made available
for payment [if applicable, insert—, and at the rate of [     ] % per annum on any overdue principal and premium
and on any overdue installment of interest]. [If applicable, insert—The amount of interest payable for any period shall be
computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any partial period shall be
computed on the basis of a 360-day year of twelve 30-day months and the days elapsed in any partial month. In the event that any
date on which interest is payable on this Security is not a Business Day, then a payment of the interest payable on such date will
be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay)
with the same force and effect as if made on the date the payment was originally payable. A “Business Day” shall mean,
when used with respect to any Place of Payment, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which
banking institutions in that Place of Payment are authorized or obligated by law, executive order or regulation to close.] The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture,
be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business
on the Regular Record Date for such interest, which shall be the [     ] or [     ] (whether or not
a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly
provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record
Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of Securities
of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent
with the requirements of any securities exchange or automated quotation system on which the Securities of this series may be listed
or traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in
such Indenture].


 






    	 	15	 



     


    

 


[If the Security is
not to bear interest prior to Maturity, insert—The principal of this Security shall not bear interest except in the case
of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal
of this Security shall bear interest at the rate of [     ]% per annum, which shall accrue from the date of such
default in payment to the date payment of such principal has been made or duly provided for. Interest on any overdue principal
shall be payable on demand. Any such interest on any overdue principal that is not so paid on demand shall bear interest at the
rate of [     ]% per annum, which shall accrue from the date of such demand for payment to the date payment of such
interest has been made or duly provided for, and such interest shall also be payable on demand.]


 


[If a Global Security,
insert—Payment of the principal of [(and premium, if any)] and [if applicable, insert-any such] interest on this Security
will be made by transfer of immediately available funds to a bank account in [     ] designated by the Holder in
such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private
debts [state other currency].]


 


[If a Definitive Security,
insert—Payment of the principal of [(and premium, if any)] and [if applicable, insert—any such] interest on this Security
will be made at the office or agency of the Company maintained for that purpose in [     ], [in such coin or currency
of the United States of America as at the time of payment is legal tender for payment of public and private debts] [state other
currency] [or subject to any laws or regulations applicable thereto and to the right of the Company (as provided in the Indenture)
to rescind the designation of any such Paying Agent, at the [main] offices of [     ] in [     ]
and [     ] in [     ], or at such other offices or agencies as the Company may designate, by [United
States Dollar] [state other currency] check drawn on, or transfer to a [United States Dollar] account maintained by the payee with,
a bank in [     ] (so long as the applicable Paying Agent has received proper transfer instructions in writing at
least [     ] days prior to the payment date)] [if applicable, insert—; provided, however, that
payment of interest may be made at the option of the Company by [United States Dollar] [state other currency] check mailed to the
addresses of the Persons entitled thereto as such addresses shall appear in the Security Register] [or by transfer to a [United
States Dollar] [state other currency] account maintained by the payee with a bank in [     ] [state other Place
of Payment] (so long as the applicable Paying Agent has received proper transfer instructions in writing by the Record Date prior
to the applicable Interest Payment Date)].]


 


Reference is hereby
made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.


 






    	 	16	 



     


    

 


Unless the certificate
of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security
shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.


 


IN WITNESS WHEREOF,
the Company has caused this instrument to be duly executed.


 


	Dated:	 	 	 	 	 
	 	 	 	 	 
	 	 	 	GREAT SOUTHERN BANCORP, INC.
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	Name:	 
	 	 	 	Title:	 


 


Section 203.       Form of
Reverse of Security


 


The form of the reverse
side of the Securities shall be as follows:


 


This Security is one
of a duly authorized issue of securities of the Company (the “Securities”), issued and to be issued in one or more
series under an Indenture dated as of June __, 2020 (the “Indenture”), between the Company and U.S. Bank
National Association, as Trustee (together with any successor trustee under the Indenture, the “Trustee”), to which
Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations
of rights, obligations, duties and immunities thereunder of the Company, the Trustee, the holders of any designated senior debt
and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. As
provided in the Indenture, the Securities may be issued in one or more series, which different series may be issued in various
aggregate principal amounts, may mature at different times, may bear interest, if any, at different rates, may be subject to different
redemption provisions, if any, may be subject to different sinking, purchase or analogous funds, if any, may be subject to different
covenants and Events of Default and may otherwise vary as in the Indenture provided or permitted. This Security is one of the series
designated on the face hereof [if applicable, insert—, limited in aggregate principal amount to U.S. $[    
]].


 


[If applicable, insert—The
Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’ notice by mail, [if applicable,
insert—(1) on [???] in any year commencing with the year [     ] and ending with the year [ 
    ] through operation of the sinking fund for this series at a Redemption Price equal to 100% of the principal amount,
and (2)] at any time [if applicable, insert—on or after [     ]], as a whole or in part, at the election of
the Company, at the following Redemption Prices (expressed as percentages of the principal amount): If redeemed [if applicable,
insert—on or before [     ], [     ]%, and if redeemed] during the 12-month period beginning
[     ] of the years indicated,


 


	Year	 	
        Redemption Price for

        Redemption Through Operation

        of the Sinking Fund
	 	
        Redemption Price for

        Redemption

        Otherwise Than Through

        Operation of

        the Sinking Fund

	 	 	 	 	 


 






    	 	17	 



     


    

 


and thereafter at a Redemption Price equal
to [     ]% of the principal amount, together in the case of any such redemption [if applicable, insert—(whether
through operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date, but interest installments whose
Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor
Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in
the Indenture.]


 


[If applicable, insert—The
Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’ notice by mail, (1) on
[     ] in any year commencing with the year [     ] and ending with the year [    
] through operation of the sinking fund for this series at the Redemption Prices for redemption through operation of the sinking
fund (expressed as percentages of the principal amount) set forth in the table below, and (2) at any time [if applicable,
insert—on or after [     ]], as a whole or in part, at the election of the Company, at the Redemption Prices
for redemption otherwise than through operation of the sinking fund (expressed as percentages of the principal amount) set forth
in the table below: If redeemed during the 12-month period beginning of the years indicated,


 


	Year	 	
        Redemption Price for

        Redemption Through Operation

        of the Sinking Fund
	 	
        Redemption Price for

        Redemption

        Otherwise Than Through

        Operation of

        the Sinking Fund

	 	 	 	 	 


 


and thereafter at a Redemption Price equal
to [     ]% of the principal amount, together in the case of any such redemption (whether through operation of the
sinking fund or otherwise) with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on
or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record
at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.]


 


[If applicable, insert—The
sinking fund for this series provides for the redemption on [     ] in each year beginning with the year [ 
    ] and ending with the year [     ] of [if applicable,—not less than $[     ] (“mandatory
sinking fund”) and not more than] $[     ] aggregate principal amount of Securities of this series. Securities
of this series acquired or redeemed by the Company otherwise than through [if applicable,—mandatory] sinking fund payments
may be credited against subsequent [if applicable,—mandatory] sinking fund payments otherwise required to be made [if applicable,—in
the inverse order in which they become due].]


 


[If the Security is
subject to redemption in part of any kind, insert—In the event of redemption of this Security in part only, a new Security
or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof
upon the cancellation hereof.]


 


[If applicable, insert—The
Securities of this series are not redeemable prior to Stated Maturity.]


 






    	 	18	 



     


    

 



 


[If the Security is
not an Original Issue Discount Security, insert—If an Event of Default with respect to Securities of this series shall occur
and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect
provided in the Indenture.]


 


[If the Security is
an Original Issue Discount Security, insert—If an Event of Default with respect to Securities of this series shall occur
and be continuing, an amount of principal of the Securities of this series may be declared due and payable in the manner and with
the effect provided in the Indenture. Such amount shall be equal to—insert formula for determining the amount. Upon payment
(1) of the amount of principal so declared due and payable, and (2) of interest on any overdue principal and overdue
interest, all of the Company’s obligations in respect of the payment of the principal of and interest, if any, on the Securities
of this series shall terminate.]


 


The Indenture permits,
with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company
and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and
the Trustee with the consent of not less than the Holders of a majority in aggregate principal amount of the Outstanding Securities
of all series to be affected (voting as one class). The Indenture also contains provisions permitting the Holders of a majority
in aggregate principal amount of the Outstanding Securities of all affected series (voting as one class), on behalf of the Holders
of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture. The Indenture permits,
with certain exceptions as therein provided, the Holders of a majority in principal amount of Securities of any series then Outstanding
to waive past defaults under the Indenture with respect to such series and their consequences. Any such consent or waiver by the
Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such
consent or waiver is made upon this Security.


 


As provided in and
subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with
respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder
shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this
series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have
made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee, the Trustee shall
have been offered indemnity reasonably satisfactory to it, the Trustee shall not have received from the Holders of a majority in
principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and the Trustee
shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The
foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal
hereof or [any premium or] interest hereon on or after the respective due dates expressed herein.


 






    	 	19	 



     


    

 





No reference herein
to the Indenture and no provision of this Security or of the Indenture shall, without the consent of the Holder, alter or impair
the obligation of the Company, which is absolute and unconditional, to pay the principal of and [any premium and] interest on this
Security at the times, place(s) and rate, and in the coin or currency, herein prescribed, except for Section 115 of the
Indenture (which limits interest to the maximum amount permissible by law), the provisions of which are incorporated herein by
reference.


 


[If a Global Security,
insert—This Global Security or portion hereof may not be exchanged for Definitive Securities of this series except in the
limited circumstances provided in the Indenture.


 


The holders of beneficial
interests in this Global Security will not be entitled to receive physical delivery of Definitive Securities except as described
in the Indenture and will not be considered the Holders thereof for any purpose under the Indenture.]


 


[If a Definitive Security,
insert—As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is
registerable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of
the Company in [if applicable, insert—any place where the principal of and any premium and interest on this Security are
payable] [if applicable, insert—[     ] [, or, subject to any laws or regulations applicable thereto and to
the right of the Company (limited as provided in the Indenture) to rescind the designation of any such transfer agent, at the [main]
offices of [     ] in [     ] and in [     ] or at such other offices or agencies
as the Company may designate]], duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by, the Holder hereof or its attorney duly authorized in writing, and thereupon
one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount,
will be issued to the designated transferee or transferees.]


 


The Securities of this
series are issuable only in registered form without coupons in denominations of U.S. $ [state other currency] and any integral
multiple in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this
series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same.


 


No service charge shall
be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.


 


Prior to due presentment
of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security is overdue,
and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.


 


This Security is subordinated
in right of payment to any designated senior debt, to the extent provided in the Indenture.


 


Obligations of the
Company under the Indenture and the Securities thereunder, including this Security, are payable only out of cash flow and assets
of the Company. The Trustee, and each Holder of a Security by its acceptance hereof, will be deemed to have agreed in the Indenture
that no director, officer, employee, or shareholder, as such, of the Company, the Trustee, or any Affiliate of any of the foregoing
entities shall have any personal liability in respect of the obligations of the Company under the Indenture or such Securities
by reason of his, her or its status.


 



    	 	20	 



     


    

 


The Indenture contains
provisions that relieve the Company from the obligation to comply with certain restrictive covenants in the Indenture and for satisfaction
and discharge at any time of the entire indebtedness upon compliance by the Company with certain conditions set forth in the Indenture.


 


This Security shall
be governed by and construed in accordance with the laws of the state of New York.


 


All terms used in this
Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.


 


[If a Definitive Security,
insert as a separate page—


 


FOR VALUE RECEIVED,
the undersigned hereby sell(s), assign(s) and transfer(s) unto [     ] (Please Print or Typewrite Name
and Address of Assignee) the within instrument of GREAT SOUTHERN BANCORP, INC., and does hereby irrevocably constitute and
appoint [     ] Attorney to transfer said instrument on the books of the within-named Company, with full power of
substitution in the premises.


 


Please Insert Social Security or


 


Other Identifying Number of Assignee:


 


	Dated:		 		(Signature)
	
        Signature Guarantee: 
	 	 	 


 





(Participant in a Recognized Signature


Guaranty Medallion Program)


 


NOTICE: The signature
to this assignment must correspond with the name as written upon the face of the within instrument in every particular, without
alteration or enlargement or any change whatever.]


 


Section 204.       Global
Securities


 


Every Global Security
authenticated and delivered hereunder shall bear a legend in substantially the following form:


 


THIS SECURITY IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME
OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE
FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.


 






    	 	21	 



     


    

 





If Securities of a
series are issuable in whole or in part in the form of one or more Global Securities, as contemplated by Section 301, then,
notwithstanding Section 301(9) and Section 302, any Global Security shall represent such of the Outstanding Securities
of such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Securities
from time to time endorsed thereon and that the aggregate amount of Outstanding Securities represented thereby may from time to
time be reduced or increased, as the case may be, to reflect exchanges. Any endorsement of a Global Security to reflect the amount,
or any reduction or increase in the amount, of Outstanding Securities represented thereby shall be made in such manner and upon
instructions given by such Person or Persons as shall be specified therein or in a Company Order. Subject to the provisions of
Sections 303, 304 and 305, the Trustee shall deliver and redeliver any Global Security in the manner and upon instructions given
by the Person or Persons specified therein or in the applicable Company Order. Any instructions by the Company with respect to
endorsement or delivery or redelivery of a Global Security shall be in a Company Order (which need not comply with Section 102
and need not be accompanied by an Opinion of Counsel).


 


The provisions of the
last sentence of Section 303 shall apply to any Security represented by a Global Security if such Security was never issued
and sold by the Company and the Company delivers to the Trustee the Global Security together with a Company Order (which need not
comply with Section 102 and need not be accompanied by an Opinion of Counsel) with regard to the reduction or increase, as
the case may be, in the principal amount of Securities represented thereby.


 


Section 205.       Form of
Trustee’s Certificate and Authorization


 


The Trustee’s
certificates of authentication shall be in substantially the following form:


 


This is one of the
Securities of the series designated and referred to in the within-mentioned Indenture.


 


	 	
        U.S. Bank National Association

        As Trustee

	 	 
	 	By:	 
	 	 	Authorized Signatory
	 	 	 


 


ARTICLE III


THE SECURITIES


 


Section 301.       Amount
Unlimited; Issuable in Series


 


The aggregate principal
amount of Securities which may be authenticated and delivered under this Indenture is unlimited.


 






    	 	22	 



     


    

 


The Securities may
be issued in one or more series. There shall be established in or pursuant to a Board Resolution (and, subject to Section 303,
to the extent established pursuant to rather than set forth in a Board Resolution, in an Officers’ Certificate or Company
Order setting forth, or determining the manner of, such establishment) or established in one or more indentures supplemental hereto,
prior to the issuance of Securities of any series:


 


		(1)	the form and title of the Securities of the series (which shall distinguish the Securities of the
series from Securities of any other series);



 


		(2)	any limit upon the aggregate principal amount of the Securities of the series which may be authenticated
and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Securities of the series pursuant to Section 304, 305, 306, 906 or 1107 and except for any Securities
which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder);



 


		(3)	the Person to whom any interest on a Security of the series shall be payable, if other than the
Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest;



 


		(4)	the date or dates on which the Securities will be issued and on which the principal of, and premium,
if any, on the Securities of the series is payable or the method of determination thereof;



 


		(5)	the rate or rates (which may be fixed or variable) at which the Securities of the series shall
bear interest, if any, or the method of determination thereof, the date or dates from which such interest shall accrue, or the
method of determination thereof, the Interest Payment Dates on which any such interest shall be payable and the Regular Record
Date for any interest payable on any Interest Payment Date;



 


		(6)	the place or places where, subject to the provisions of Section 1002, the principal of and
any premium and interest on Securities of the series shall be payable, Securities of the series may be surrendered for registration
of transfer, Securities of the series may be surrendered for exchange and notices, and demands to or upon the Company in respect
of the Securities of the series and this Indenture may be served;



 


		(7)	the period or periods, if any, within which, the price or prices at which and the terms and conditions
upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company or otherwise, if the Company
is to have that option;



 


		(8)	the obligation, if any, and the option, if any, of the Company to redeem, purchase or repay Securities
of the series pursuant to any sinking fund or analogous provisions or upon the happening of a specified event or at the option
of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which
Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation;



 






    	 	23	 



     


    

 


		(9)	if other than minimum denominations of $1,000 and any integral multiple in excess thereof, the
minimum denominations in which Securities of the series shall be issuable;



 


		(10)	whether payment of principal of and premium, if any, and interest, if any, on the Securities of
the series shall be without deduction for taxes, assessments or governmental charges paid by Holders of the series;



 


		(11)	the currency, currencies or currency units in which payment of the principal of and any premium
and interest on any Securities of the series shall be denominated, payable, redeemable or purchasable if other than Dollars and
the manner of determining the equivalent thereof in Dollars for purposes of the definition of “Outstanding” in Section 101;



 


		(12)	if the amount of payments of principal of or any premium or interest on any Securities of the series
may be determined with reference to an index (including an index based on a currency or currencies other than that in which the
Securities of that series are payable), the index, any replacement indices, the manner in which such indices shall be selected
and the manner in which such amounts shall be determined;



 


		(13)	if the principal of or any premium or interest on any Securities of the series is to be payable,
at the election of the Company or a Holder thereof, in one or more currencies or currency units other than that or those in which
the Securities are stated to be payable, the currency, currencies or currency units in which payment of the principal of and any
premium and interest on Securities of such series as to which such election is made shall be payable, and the periods within which
and the terms and conditions upon which such election is to be made;



 


		(14)	the right, if any, of the Company to defer payments of interest by extending the interest payment
periods and specify the duration of such extension, the Interest Payment Dates on which such interest shall be payable and whether
and under what circumstances additional interest on amounts deferred shall be payable;



 


		(15)	if other than the principal amount thereof, the portion of the principal amount of Securities of
the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502 or provable
in bankruptcy pursuant to Section 504 or the method of determination thereof;



 


		(16)	if and as applicable, that the Securities of the series shall be issuable in whole or in part in
the form of one or more Global Securities (and whether in temporary or permanent global form) and, in such case, the Depositary
or Depositaries for such Global Security or Global Securities and any circumstances other than those set forth in Section 305
in which any such Global Security may be transferred to, and registered and exchanged for Securities registered in the name of,
a Person other than the Depositary for such Global Security or a nominee thereof and in which any such transfer may be registered;



 






    	 	24	 



     


    

 


		(17)	any deletions from, modifications of or additions to the Events of Default set forth in Section 501
or the covenants of the Company set forth in Article X pertaining to the Securities of the series;



 


		(18)	if and the terms and conditions upon which any Securities of the series may be converted into or
exchanged for securities, which may include capital stock, of any class or series of the Company or any other issuer;



 


		(19)	if other than as provided in Article IV and Sections 1302 and 1303, the terms and conditions
upon which and the manner in which such series of Securities may be defeased or discharged;



 


		(20)	if other than the Trustee, the identity of any other trustee, the Security Registrar and any Paying
Agent;



 


		(21)	if other than as provided in Section 305, any restrictions or other provisions with respect
to the transfer or exchange of the Securities; and



 


		(22)	any other terms of the Securities of the series (which terms shall not be inconsistent with the
provisions of this Indenture, except as permitted by Section 901(3)).



 


All Securities of any
one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to
the Board Resolution or Officers’ Certificate referred to above or in any such indenture supplemental hereto.


 


Any such Board Resolution
or Officers’ Certificate referred to above with respect to Securities of any series filed with the Trustee on or before the
initial issuance of the Securities of such series shall be incorporated herein by reference with respect to Securities of such
series and shall thereafter be deemed to be a part of the Indenture for all purposes relating to Securities of such series as fully
as if such Board Resolution or Officers’ Certificate were set forth herein in full.


 


All Securities of any
one series need not be issued at the same time and, unless otherwise provided, a series may be reopened, without the consent of
the Holders, for increases in the aggregate principal amount of such series of Securities and issuances of additional Securities
of such series or for the establishment of additional terms with respect to the Securities of such series.


 


If any of the terms
of the series are established by action taken by or pursuant to a Board Resolution, a copy of an appropriate record of such action
shall be certified by an authorized officer or other authorized Person on behalf of the Company and delivered to the Trustee at
or prior to the delivery of the Officers’ Certificate or Company Order setting forth, or providing the manner for determining,
the terms of the series.


 


With respect to Securities
of a series subject to a Periodic Offering, such Board Resolution or Officers’ Certificate may provide general terms for
Securities of such series and provide either that the specific terms of particular Securities of such series shall be specified
in a Company Order, or that such terms shall be determined by the Company, or one or more of the Company’s agents designated
in an Officers’ Certificate, in accordance with a Company Order.


 






    	 	25	 



     


    

 


Section 302.       Denominations


 


The Securities of each
series shall be issuable only in registered form without coupons in such denominations as shall be specified as contemplated by
Section 301. In the absence of any such specified denomination with respect to the Securities of any series, the Securities
of such series shall be issuable in minimum denominations of $1,000 and any integral multiple in excess thereof.


 


Section 303.       Execution,
Authentication, Delivery and Dating


 


The Securities shall
be executed on behalf of the Company by the Chairman of the Board, the Vice Chairman of the Board, the Chief Executive Officer,
the President, a Vice President, the Chief Financial Officer, the Chief Accounting Officer, the Controller, the Treasurer, an Assistant
Treasurer, the Secretary or an Assistant Secretary of the Company and need not be attested. The signature of any of these officers
on the Securities may be manual or facsimile.


 


Securities bearing
the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company,
notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery
of such Securities or did not hold such offices at the date of such Securities.


 


At any time and from
time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the
Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities,
and the Trustee in accordance with the Company Order shall authenticate and deliver such Securities; provided, however,
that in the case of Securities offered in a Periodic Offering, the Trustee shall authenticate and deliver such Securities from
time to time in accordance with such other procedures (including the receipt by the Trustee of oral or electronic instructions
from the Company or its duly authorized agents, thereafter promptly confirmed in writing) acceptable to the Trustee as may be specified
by or pursuant to a Company Order delivered to the Trustee prior to the time of the first authentication of Securities of such
series. If the form or terms of the Securities of the series have been established in or pursuant to one or more Board Resolutions
as permitted by Sections 201 and 301, in authenticating such Securities, and accepting the additional responsibilities under this
Indenture in relation to such Securities, the Trustee shall be entitled to receive, in addition to any Officers’ Certificate
and Opinion of Counsel required to be furnished to the Trustee pursuant to Section 102, and (subject to Section 601)
shall be fully protected in relying upon, an Opinion of Counsel to the effect that:


 


		(1)	if the form (or the manner of determining the form) of such Securities has been established by
or pursuant to Board Resolution as permitted by Section 201, that such form has been established in conformity with the provisions
of this Indenture;



 


		(2)	if the terms of such Securities have been, or in the case of Securities of a series offered in
a Periodic Offering, will be, established by or pursuant to a Board Resolution as permitted by Section 301, that such terms
have been, or in the case of Securities of a series offered in a Periodic Offering, will be, established in conformity with the
provisions of this Indenture, subject, in the case of Securities of a series offered in a Periodic Offering, to any conditions
specified in such Opinion of Counsel;



 






    	 	26	 



     


    

 





		(3)	that such Securities, when authenticated and delivered by the Trustee and issued by the Company
in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations
of the Company enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equitable
principles, whether applied in an action at law or in equity, and will be entitled to the benefits of this Indenture, equally and
ratably with all other Securities, if any, of such series Outstanding; and



 


		(4)	such other matters as the Trustee may reasonably request;



 


or, if the authentication and delivery
relates to a new series of Securities created by an indenture supplemental hereto, an Opinion of Counsel to the effect that all
conditions precedent to the execution of the supplemental indenture with respect to that series of Securities have been complied
with, the Company has the power to execute and deliver any such supplemental indenture and has taken all necessary action for those
purposes and any such supplemental indenture has been executed and delivered and constitutes the legal, valid and binding obligation
of the Company enforceable in accordance with its terms (subject to bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equitable
principles, whether applied in an action at law or in equity).


 


Notwithstanding that
such form or terms have been so established, the Trustee shall not be required to authenticate such Securities if the issue of
such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities, under the Securities
and this Indenture or otherwise, in a manner which is not reasonably acceptable to the Trustee.


 


Notwithstanding the
provisions of Sections 102, 301 and the preceding paragraph, if all Securities of a series are not to be originally issued at one
time, it shall not be necessary to deliver the Board Resolution, Officers’ Certificate, Company Order, Opinion of Counsel
or supplemental indenture otherwise required pursuant thereto at or prior to the time of authentication of each Security of such
series, so long as such documents are delivered at or prior to the authentication upon original issuance of the first Security
of such series to be issued.


 


With respect to Securities
of a series not to be originally issued all at one time, the Trustee may rely upon the Opinion of Counsel and the other documents
delivered pursuant to Sections 201 and 301 and this Section, as applicable, in connection with the first authentication of Securities
of such series and any subsequent request by the Company to the Trustee to authenticate Securities of such series upon their original
issuance shall constitute a representation and warranty by the Company that as of the date of such request, the statements made
in the Officers’ Certificate shall be true and correct as if made on such date.


 


Each Security shall
be dated the date of its authentication.


 






    	 	27	 



     


    

 


No Security shall be
entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a
certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature of an authorized
signatory, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been
duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. Notwithstanding the foregoing, if
any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall
deliver such Security to the Trustee for cancellation as provided in Section 309 for all purposes of this Indenture, such
Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of
this Indenture.


 


Section 304.       Temporary
Securities


 


Pending the preparation
of Definitive Securities of any series, the Company may execute, and upon receipt of the documents required by Sections 102, 201,
301 and 303, as applicable, together with a Company Order, the Trustee shall authenticate and deliver, temporary Securities which
are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the
tenor of the Definitive Securities of like series in lieu of which they are issued and with such appropriate insertions, omissions,
substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution of
such Securities.


 


If temporary Securities
of any series are issued, the Company will cause Definitive Securities of that series to be prepared without unreasonable delay.
After the preparation of Definitive Securities of such series, the temporary Securities of such series shall be exchangeable for
Definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the Company
maintained pursuant to Section 1002 for the purpose of exchanges of Securities of such series, without charge to the Holder.
Upon surrender for cancellation of any one or more temporary Securities of any series the Company shall execute and the Trustee
shall authenticate and deliver in exchange therefor one or more Definitive Securities of the same series, of any authorized denominations
and of a like aggregate principal amount and tenor. Until so exchanged the temporary Securities of any series shall in all respects
be entitled to the same benefits under this Indenture as Definitive Securities of such series and tenor.


 


Section 305.       Registration,
Registration of Transfer and Exchange


 


The Company shall cause
to be kept at the Corporate Trust Office a register (the register maintained in such office or in any other office or agency of
the Company in a Place of Payment being herein sometimes referred to as the “Security Register”) in which, subject
to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities and of transfers
of Securities. The Company hereby appoints the Trustee as the initial security registrar for the purpose of registering Securities
and transfers of Securities as herein provided (the registrar responsible for so registering Securities and transfers thereof being
herein sometimes referred to as the “Security Registrar”). The Company may at any time replace such Security
Registrar, change such office or agency or act as its own Security Registrar. The Company will give prompt written notice to the
Trustee of any change of the Security Registrar or of the location of such office or agency. At all reasonable times the Security
Register shall be available for inspection by the Trustee.


 






    	 	28	 



     


    

 


Upon surrender for
registration of transfer of any Security of any series at the office or agency of the Company maintained pursuant to Section 1002
for such purpose, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Securities of the same series, of any authorized denominations and of a like aggregate principal
amount and tenor.


 


At the option of the
Holder, Securities of any series (except a Global Security) may be exchanged for other Securities of the same series, of any authorized
denominations and of a like aggregate principal amount and tenor, upon surrender of the Securities to be exchanged at such office
or agency. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate
and deliver, the Securities which the Holder making the exchange is entitled to receive.


 


All Securities issued
upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same
debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer
or exchange.


 


Every Security presented
or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be duly endorsed,
or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar, duly executed,
by the Holder thereof or its attorney duly authorized in writing.


 


No service charge shall
be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities,
other than exchanges pursuant to Section 304 or 1107 not involving any transfer.


 


Neither the Trustee
nor the Company shall be required (1) to issue, register the transfer of or exchange Securities of any series (or of any series
and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before the day of mailing
of a notice of redemption of Securities of that series selected for redemption under Section 1103 and ending at the close
of business on the day of such mailing, (2) to register the transfer of or exchange any Security so selected for redemption
in whole or in part, except the unredeemed portion of any Security being redeemed in part, or (3) to register the transfer
of or exchange any Security between a Regular Record Date and the next succeeding Interest Payment Date.


 


Notwithstanding any
other provision in this Indenture and except as otherwise specified as contemplated by Section 301, no Global Security may
be transferred to, or registered or exchanged for Securities registered in the name of, any Person other than the Depositary for
such Global Security or any nominee thereof, and no such transfer may be registered, except as provided in this paragraph. Every
Security authenticated and delivered upon registration or transfer of, or in exchange for or in lieu of, a Global Security shall
be a Global Security, except as provided in this paragraph. If (1) (A) the Depositary for a Global Security notifies
the Company that it is unwilling or unable to continue as Depositary for such Global Security or ceases to be a clearing agency
registered under the Exchange Act, and (B) a successor Depositary is not appointed by the Company within 90 days, (2) an
Event of Default has occurred and is continuing with respect to the Securities of such series and the Security Registrar has received
a request from the Depositary to issue certificated securities in lieu of all or a portion of the Global Securities of such series
(in which case the Company shall deliver certificated securities within 30 days of such request) or (3) the Company determines
in its sole discretion that Securities of a series issued in global form shall no longer be represented by a Global Security, then
such Global Security may be exchanged by such Depositary for Definitive Securities of the same series, of any authorized denomination
and of a like aggregate principal amount and tenor, registered in the names of, and the transfer of such Global Security or portion
thereof may be registered to, such Persons as such Depositary shall direct.


 






    	 	29	 



     


    

 


Section 306.       Mutilated,
Destroyed, Lost and Stolen Securities


 


If any mutilated Security
is surrendered to the Trustee, together with such security or indemnity as may be required by the Company or the Trustee to save
each of them and any agent of either of them harmless, the Company shall execute and upon its request the Trustee shall authenticate
and deliver in exchange therefor a new Security of the same series and of like tenor and principal amount and bearing a number
not contemporaneously Outstanding.


 


If there shall be delivered
to the Company and the Trustee (1) evidence to their satisfaction of the destruction, loss or theft of any Security and (2) such
security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence
of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute
and upon its request the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new
Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously Outstanding. If,
after the delivery of such new Security, a bona fide purchaser of the original Security in lieu of which such new Security was
issued presents for payment or registration such original Security, the Trustee shall be entitled to recover such new Security
from the party to whom it was delivered or any party taking therefrom, except a bona fide purchaser, and shall be entitled to recover
upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Company and
the Trustee in connection therewith.


 


In case any such mutilated,
destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead
of issuing a new Security, pay such Security (and, for clarity, Article XI shall not apply to such payment).


 


Upon the issuance of
any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected
therewith. Every new Security of any series issued pursuant to this Section in exchange for any mutilated Security or in lieu
of any destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company, whether
or not the mutilated, destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all
the benefits of this Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder.


 






    	 	30	 



     


    

 



 


The provisions of this
Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement
or payment of mutilated, destroyed, lost or stolen Securities.


 


Section 307.           Payment
of Interest; Interest Rights Preserved


 


Except as otherwise
provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security which is payable,
and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security
(or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest.


 


Any interest on any
Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein
called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record
Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case,
as provided in clause (1) or (2) below:


 


		(1)	The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the
Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record
Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee
in writing of the amount of Defaulted Interest proposed to be paid on each Security of such series and the date of the proposed
payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed
to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior
to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such
Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted
Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less
than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company
of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such
Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Securities
of such series at its address as it appears in the Security Register, not less than 10 days prior to such Special Record Date.
Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted
Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities)
are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2).



 


		(2)	The Company may make payment of any Defaulted Interest on the Securities of any series in any other
lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which such Securities
may be listed or traded, and upon such notice as may be required by such exchange, if, after notice given by the Company to the
Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.



 



    	 	31	 



     


    

 


Subject to the foregoing
provisions of this Section and Section 305, each Security delivered under this Indenture upon registration of transfer
of or in exchange for or in lieu of any other Security, shall carry the rights to interest accrued and unpaid, and to accrue, which
were carried by such other Security.


 


For each series of
Securities, the Company shall, prior to 11:00 a.m. (New York City time) (or such later time of day to which the Trustee may
agree) on each payment date for principal and premium, if any, and interest, if any, deposit with the Trustee money in immediately
available funds sufficient to make cash payments due on the applicable payment date.


 


Section 308.           Persons
Deemed Owners


 


Except as otherwise
provided as contemplated by Section 301 with respect to any series of Securities, prior to due presentment of a Security for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name
such Security is registered as the owner of such Security for the purpose of receiving payment of principal of and any premium
and (subject to Sections 305 and 307) any interest on such Security and for all other purposes whatsoever, whether or not such
Security is overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice
to the contrary.


 


No holder of any beneficial
interest in any Global Security held on its behalf by a Depositary shall have any rights under this Indenture with respect to such
Global Security, and such Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as
the owner of such Global Security for all purposes whatsoever. None of the Company, the Trustee nor any agent of the Company or
the Trustee will have any responsibility or liability for any aspect of the records relating to or payments made on account of
beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial
ownership interests.


 


Section 309.           Cancellation


 


In order for any Securities
to be surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment
such Security must be delivered to the Trustee and shall be promptly canceled by it. The Company may at any time deliver to the
Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in
any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any
Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall
be promptly canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled
as provided in this Section, except as expressly permitted by this Indenture. All canceled Securities held by the Trustee shall
be disposed of in accordance with its customary procedures, and the Trustee shall thereafter, from time to time upon written request,
deliver to the Company a certificate with respect to such disposition.


 



    	 	32	 



     


    

 


Section 310.           Computation
of Interest


 


Except as otherwise
specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be
computed on the basis of a 360-day year of twelve 30-day months and interest on the Securities of each series for any partial period
shall be computed on the basis of a 360-day year of twelve 30-day months and the number of days elapsed in any partial month.


 


Section 311.           CUSIP
Numbers


 


The Company in issuing
the Securities may use CUSIP numbers (in addition to the other identification numbers printed on the Securities), and, if so, the
Trustee shall use CUSIP numbers in notices of redemption as a convenience to Holders; provided, however, that any such notice
may state that no representation is made as to the correctness of such CUSIP numbers either as printed on the Securities or as
contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the
Securities, and any such redemption shall not be affected by any defect in or omission of such CUSIP numbers. The Company will
promptly notify the Trustee of any change in the CUSIP numbers.


 


ARTICLE IV

SATISFACTION AND DISCHARGE


 


Section 401.           Satisfaction
and Discharge of Indenture


 


This Indenture shall
upon Company Request cease to be of further effect with respect to Securities of any series (except as to any surviving rights
of registration of transfer or exchange of such Securities herein expressly provided for), and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to such Securities,
when


 


		(1)	either



 


		(A)	all such Securities theretofore authenticated and delivered (other than (i) such Securities
which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306, and (ii) such
Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter
repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation;
or



 


		(B)	all such Securities not theretofore delivered to the Trustee for cancellation



 


		(i)	have become due and payable,



 






    	 	33	 



     


    

 


		(ii)	will become due and payable at their Stated Maturity within one year, or



 


		(iii)	are to be called for redemption within one year under arrangements satisfactory to the Trustee
for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company,



 


and, in the case of clause (i),
(ii) or (iii) above, the Company has irrevocably deposited or caused to be deposited with the Trustee as trust funds
in trust for this purpose an amount of money in the currency or currency units in which such Securities are payable sufficient
to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for
principal and any premium and interest to the date of such deposit (in the case of Securities which have become due and payable)
or to the Stated Maturity or Redemption Date, as the case may be;


 


		(2)	the Company has paid or caused to be paid all other sums payable hereunder by the Company with
respect to such Securities; and



 


		(3)	the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with
respect to such Securities have been complied with.



 


Notwithstanding the
satisfaction and discharge of this Indenture with respect to Securities of any series, (i) the obligations of the Company
to the Trustee under Section 607, the obligations of the Trustee to any Authenticating Agent under Section 614 and the
right of the Trustee to resign under Section 610 shall survive, and (ii) if money shall have been deposited with the
Trustee pursuant to clause (1)(B) above, the obligations of the Company and/or the Trustee under Sections 402, 606, 701 and
1002 and the last paragraph of Section 1003 shall survive.


 


Section 402.           Application
of Trust Money


 


Subject to the provisions
of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in
trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly
or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal and any premium and interest for whose payment such money has been deposited with the Trustee,
but such money need not be segregated from other funds except to the extent required by law.


 


ARTICLE V

DEFAULTS AND REMEDIES


 


Section 501.           Events
of Default


 


“Event of
Default”, wherever used herein with respect to Securities of any series, means any one of the following events (whatever
the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):


 



    	 	34	 



     


    

 


		(1)	default in the payment of any interest upon any Security of that series when it becomes due and
payable, and continuance of such default for a period of 30 days (whether or not such payment is prohibited by the provisions of
Article XIV hereof); or



 


		(2)	default in the payment of the principal of (or premium, if any, on) any Security of that series
at its Maturity (whether or not such payment is prohibited by the provisions of Article XIV hereof); or



 


		(3)	default in the performance, or breach, of any term, covenant or warranty of the Company in this
Indenture (other than a term, covenant or warranty a default in whose performance or whose breach is elsewhere in this Section specifically
dealt with or which has expressly been included in this Indenture solely for the benefit of series of Securities other than that
series), and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified
mail, to the Company by the Trustee or to the Company and the Trustee by Holders of at least 25% in principal amount of the Outstanding
Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such
notice is a notice of Default hereunder; or



 


		(4)	the Company pursuant to or within the meaning of any Bankruptcy Law (A) commences a voluntary
case, (B) consents to the entry of any order for relief against it in an involuntary case, (C) consents to the appointment
of a Custodian of it or for all or substantially all of its property, or (D) makes a general assignment for the benefit of
its creditors; or



 


		(5)	a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that (A) is
for relief against the Company in an involuntary case, (B) appoints a Custodian of the Company or for all or substantially
all of its property, or (C) orders the liquidation of the Company; and the order or decree remains unstayed and in effect
for 90 days; or



 


		(6)	any other Event of Default provided as contemplated by Section 301 with respect to Securities
of that series.



 


Section 502.           Acceleration
of Maturity; Rescission and Annulment


 


If an Event of Default
with respect to Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee
or Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal amount
of (or, if any of the Securities of that series are Original Issue Discount Securities, such portion of the principal amount of
such Securities as may be specified in the terms thereof) all of the Securities of that series to be due and payable immediately,
by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount
(or specified amount) shall become immediately due and payable.


 






    	 	35	 



     


    

 


At any time after such
declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment
of the money due has been obtained by the Trustee as hereinafter in this Article provided, Holders of a majority in principal
amount of the Outstanding Securities of that series, by written notice to the Company and the Trustee, may rescind and annul such
declaration and its consequences if


 


		(1)	the Company has paid or deposited with the Trustee a sum sufficient to pay



 


		(A)	all overdue interest on all Securities of that series,



 


		(B)	the principal of (and premium, if any, on) any Securities of that series which have become due
otherwise than by such declaration of acceleration and any interest thereon at the rate or rates prescribed therefor in such Securities,



 


		(C)	to the extent that payment of such interest is lawful, interest upon overdue interest at the rate
or rates prescribed therefor in such Securities, and



 


		(D)	all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel; and



 


		(2)	all Events of Default with respect to Securities of that series, other than the non-payment of
the principal of Securities of that series which have become due solely by such declaration of acceleration, have been cured or
waived as provided in Section 513.



 


No such rescission
shall affect any subsequent Default or impair any right consequent thereon.


 


Section 503.           Collection
of Indebtedness and Suits for Enforcement by Trustee


 


The Company covenants
that if


 


		(1)	default is made in the payment of any interest on any Security when such interest becomes due and
payable and such default continues for a period of 30 days (whether or not such payment is prohibited by the provisions of Article XIV
hereof), or



 


		(2)	default is made in the payment of the principal of (or premium, if any, on) any Security at the
Maturity thereof (whether or not such payment is prohibited by the provisions of Article XIV hereof),



 


then the Company will, upon demand of the
Trustee, pay to it, for the benefit of Holders of such Securities, the whole amount then due and payable on such Securities for
principal and any premium and interest and, to the extent that payment of such interest shall be legally enforceable, interest
on any overdue principal and premium and on any overdue interest, at the rate or rates prescribed therefor in such Securities,
and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and other amounts due to the
Trustee pursuant to Section 607.


 



    	 	36	 



     


    

 


If the Company fails
to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute
a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree
and may enforce the same against the Company, or any other obligor upon such Securities and collect the moneys adjudged or decreed
to be payable in the manner provided by law out of the property of the Company, or any other obligor upon such Securities, wherever
situated.


 


If an Event of Default
with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce
its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall
deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in
this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.


 


Section 504.           Trustee
May File Proofs of Claim


 


In case of any judicial
proceeding relative to the Company, or any other obligor upon the Securities, their property or their creditors, the Trustee shall
be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust
Indenture Act in order to have claims of Holders and the Trustee allowed in any such proceeding. In particular, the Trustee shall
be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the
same; and any Custodian, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder
to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to
Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel, and any other amounts due the Trustee under Section 607.


 


No provision of this
Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan
of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize
the Trustee to vote in respect of the claim of any Holder in any such proceeding; provided, however, that the Trustee may,
on behalf of Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’
or other similar committee.


 


Section 505.           Trustee
May Enforce Claims Without Possession of Securities


 


All rights of action
and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of
the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee
shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment
of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts
due to the Trustee under Section 607, be for the ratable benefit of Holders of the Securities in respect of which such judgment
has been recovered.


 



    	 	37	 



     


    

 


Section 506.           Application
of Money Collected


 


Any money or property
collected or to be applied by the Trustee pursuant to this Article shall be applied in the following order, at the date or
dates fixed by the Trustee and, in case of the distribution of such money or property on account of principal or any premium or
interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender
thereof if fully paid:


 


FIRST: to the payment
of all amounts due the Trustee under Section 607;


 


SECOND: subject to
Article XIV, to the payment of the amounts then due and unpaid for principal of and any premium and interest on the Securities
in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind,
according to the amounts due and payable on such Securities for principal and any premium and interest, respectively; and


 


THIRD: the balance,
if any, to the Company.


 


Section 507.           Limitation
on Suits


 


No Holder of any Security
of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture or a Security,
or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless:


 


		(1)	such Holder has previously given written notice to the Trustee of a continuing Event of Default
with respect to the Securities of that series;



 


		(2)	Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall
have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee
hereunder;



 


		(3)	such Holder or Holders have offered and, if requested, provided to the Trustee security or indemnity
reasonably acceptable to the Trustee against the costs, expenses and liabilities that may be incurred in compliance with such request;



 


		(4)	the Trustee for 60 days after its receipt of such notice, request and offer and, if requested,
provision of such security or indemnity has failed to institute any such proceeding; and



 


		(5)	no direction inconsistent with such written request has been given to the Trustee during such 60-day
period by Holders of a majority in principal amount of the Outstanding Securities of that series;



 


it being understood and intended that no
one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this
Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or
preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and
for the equal and ratable benefit of all of such Holders.


 



    	 	38	 



     


    

 


Section 508.           Unconditional
Right of Holders to Receive Principal, Premium and Interest


 


Notwithstanding any
other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive
payment of the principal of and any premium and (subject to Sections 305 and 307) interest on such Security on the respective Stated
Maturity expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement
of any such payment, and such rights shall not be impaired without the consent of such Holder.


 


Section 509.           Restoration
of Rights and Remedies


 


If the Trustee or any
Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued
or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then in every such case, subject
to any determination in such proceeding, the Company, the Trustee and Holders shall be restored severally and respectively to their
former positions hereunder, and thereafter all rights and remedies of the Trustee and Holders shall continue as though no such
proceeding had been instituted.


 


Section 510.           Rights
and Remedies Cumulative


 


Except as otherwise
provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of
Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to Holders is intended to be exclusive
of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment
of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate
right or remedy.


 


Section 511.           Delay
or Omission Not Waiver


 


No delay or omission
of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair
any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy
given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be
deemed expedient, by the Trustee or by the Holders, as the case may be.


 


Section 512.   
        Control by Holders


 


Subject to the provisions
of Sections 507 and 603, Holders of a majority in aggregate principal amount of the Outstanding Securities of any series shall
have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power conferred on the Trustee, with respect to the Securities of such series; provided, however, that


 



    	 	39	 



     


    

 


		(1)	such direction shall not be in conflict with any rule of law or with this Indenture;



 


		(2)	the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with
such direction; and



 


		(3)	subject to the provisions of Section 601, the Trustee shall have the right to decline to follow
any such direction if the Trustee in good faith shall determine that the proceeding so directed would involve the Trustee in personal
liability or would otherwise be contrary to applicable law.



 


Section 513.           Waiver
of Past Defaults


 


Holders of a majority
in aggregate principal amount of the Outstanding Securities of any series may on behalf of Holders of all the Securities of such
series waive any past default hereunder with respect to such series and its consequences, except


 


		(1)	a continuing default in the payment of the principal of or any premium or interest on any Security
of such series, or



 


		(2)	a default in respect of a covenant or provision hereof which under Article IX cannot be modified
or amended without the consent of the Holder of each Outstanding Security of such series affected.



 


Upon any such waiver,
such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose
of this Indenture, but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.


 


Section 514.           Undertaking
for Costs


 


In any suit for the
enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted
by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and
may assess costs against any such party litigant, in the manner and to the extent provided in the Trust Indenture Act; provided,
however, that neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such
an undertaking or to make such an assessment in any suit instituted by the Trustee or the Company, in any suit instituted by any
Holder (or group of Holders) holding in the aggregate more than 10% in principal amount of the Outstanding Securities of any series
to which the suit relates, or in any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium,
if any) or interest on any Security on or after the respective Stated Maturity expressed by such Security (or, in the case of redemption
or repayment, on or after the Redemption Date).


 



    	 	40	 



     


    

 


ARTICLE VI

THE TRUSTEE


 


Section 601.           Certain
Duties and Responsibilities


 


(a)            Except
during the continuance of an Event of Default with respect to any series of Securities:


 


		(1)	the Trustee undertakes to perform such duties and only such duties as are specifically set forth
in this Indenture with respect to the Securities of such series, and no implied covenants or obligations shall read into this Indenture
against the Trustee; and



 


		(2)	in the absence of bad faith on its part, the Trustee may, with respect to Securities of such series,
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or
opinions furnished to the Trustee conforming to the requirements of this Indenture; but in the case of any such certificates or
opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty
to examine the same to determine whether or not they conform on their face to the requirements of this Indenture.



 


(b)            In
case an Event of Default with respect to any series of Securities has occurred and is continuing, the Trustee shall exercise with
respect to the Securities of such series such rights and powers vested in it by this Indenture, and use the same degree of care
and skill in their exercise, as a prudent Person would exercise or use under the circumstances in the conduct of such person’s
own affairs.


 


(c)            No
provisions of this Indenture shall be construed to relieve the Trustee from liability for its own grossly negligent action, its
own grossly negligent failure to act, or its own willful misconduct, except that:


 


		(1)	this Subsection shall not be construed to limit the effect of clause (a) above;



 


		(2)	the Trustee shall not be liable for any error of judgment made in good faith by a responsible officer,
unless it shall be proved that the Trustee was grossly negligent in ascertaining the pertinent facts;



 


		(3)	the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in
good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any
series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and



 


		(4)	no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise
incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers.



 






    	 	41	 



     


    

 


(d)            Whether
or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or
affording protection to the Trustee shall be subject to the provisions of this Section.


 


Section 602.            Notice
of Defaults


 


Subject to the following
paragraph, if a Default occurs and is continuing with respect to the Securities of any series, the Trustee shall, within 90 days
after it occurs, transmit, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, notice
of all uncured or unwaived Defaults known to it; provided, however, that, except in the case of a Default in payment on
the Securities of any series, the Trustee shall be protected in withholding the notice if and so long as the board of directors,
the executive committee or a trust committee of directors or responsible officers of the Trustee determine in good faith that withholding
such notice is in the interests of Holders of Securities of such series; provided, further, however, that, in the case of
any Default specified in Section 501(3) with respect to the Securities of such series, no such notice to Holders shall
be given until at least 90 days after the occurrence thereof.


 


The Trustee shall not
be deemed to have notice or be charged with knowledge of any Default, except a Default under Sections 501(1) or 501(2) herein,
unless the Trustee shall have received from the Company or from any Holder written notice thereof at its Corporate Trust Office,
and such notice references the Securities in this Indenture. In the absence of any such notice, the Trustee may conclusively assume
that no such Default exists.


 


Section 603.            Certain
Rights of Trustee


 


Subject to the provisions of Section 601:


 


		(1)	the Trustee may rely on and shall be protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence
of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party
or parties;



 


		(2)	any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced
by a Company Request or Company Order (or in the case of a Periodic Offering, as agreed in procedures set forth in a Company Order
pursuant to Section 303) and any resolution of the Board of Directors shall be sufficiently evidenced by a Board Resolution;



 


		(3)	whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter
be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein
specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate;



 


		(4)	the Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in
good faith and in reliance thereon;



 






    	 	42	 



     


    

 



 


		(5)	the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by
this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered
to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by
it in compliance with such request or direction;



 


		(6)	the Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note,
other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may, without obligation to do so,
make such further inquiry or investigation into such facts or matters as it may see fit; and, if the Trustee shall determine to
make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally
or by agent or attorney and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation;



 


		(7)	the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the
part of any agent or attorney appointed with due care by it hereunder;



 


		(8)	the Trustee may request that the Company deliver an Officers’ Certificate setting forth the
names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which
Officers’ Certificate may be signed by any Person authorized to sign an Officers’ Certificate, including any Person
specified as so authorized in any such certificate previously delivered and not superseded;



 


		(9)	the rights, privileges, protections, immunities and benefits given to the Trustee, including its
right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each
agent, custodian and other Person employed to act hereunder; and



 


		(10)	in no event shall the Trustee be responsible or liable for special, indirect or consequential loss
or damage of any kind whatsoever (including but not limited to loss of profit) irrespective of whether the Trustee has been advised
of the likelihood of such loss or damage and regardless of the form of action.



 


Section 604.     Not
Responsible for Recitals or Issuance of Securities


 


The recitals contained
herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the
Company, and the Trustee or any Authenticating Agent assumes no responsibility for their correctness. Neither the Trustee nor any
Authenticating Agent makes any representations as to the validity or sufficiency of this Indenture or of the Securities. Neither
the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds
thereof.


 






    	 	43	 



     


    

 


Section 605.     May Hold
Securities


 


The Trustee, any Authenticating
Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any other capacity, may
become the owner or pledgee of Securities and, subject to Sections 608 and 613, may otherwise deal with the Company with the same
rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent.


 


Section 606.     Money
Held in Trust


 


Money held by the Trustee
in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no
liability for interest on any money received by it hereunder except as otherwise agreed with the Company.


 


Section 607.     Compensation
and Reimbursement


 


The Company agrees:


 


		(1)	to pay to the Trustee from time to time such compensation for all services rendered by it hereunder
as shall be mutually agreed upon by the Company and the Trustee in writing (which compensation shall not be limited by any provision
of law in regard to the compensation of a trustee of an express trust);



 


		(2)	to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances
incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the
expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable
to its gross negligence or bad faith; and



 


		(3)	to indemnify the Trustee for, and to hold it harmless against, any loss, liability or expense incurred
without gross negligence, willful misconduct or bad faith on its part, arising out of or in connection with the acceptance or administration
of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim or liability in connection
with the exercise or performance of any of its powers or duties hereunder (and the reasonable fees and disbursements of its agents,
attorneys, accountants and experts and taxes (other than taxes based upon, measured by or determined by the income of the Trustee)).
The Trustee will notify the Company promptly of any claim for which it may seek indemnity.  Failure by the Trustee to so notify
the Company will not relieve the Company of its obligations under this Section, except to the extent the Company has been prejudiced
thereby.  Upon the election of the Company, the Company will have the right to assume the defense of the claim, and the Trustee
will cooperate in the defense.  The Trustee may have separate counsel at its own expense, but if the Trustee has been reasonably
advised by counsel that there is an actual or potential conflict of interest or may be one or more legal defenses available to
it that are different from or additional to those available to the Company and in the reasonable judgment of such counsel it is
advisable for the Trustee to engage separate counsel, then the Company will pay the reasonable fees and expenses of such counsel. 
The Company need not pay for any settlement made without its consent, which consent will not be unreasonably withheld.  Notwithstanding
the foregoing, in no event shall the Company have the right, without the Trustee’s consent, to settle any such claim if such
settlement (i) arises from or is part of any criminal action, suit or proceeding, (ii) contains a stipulation to, confession
of judgment with respect to, or admission or acknowledgement of, any liability or wrongdoing on the part of the Trustee, (iii) provides
for injunctive relief, or other relief other than monetary damages, or (iv) does not contain an unconditional release of the
Trustee from all liability on all claims that are the subject matter of the related dispute or proceeding.



 






    	 	44	 



     


    

 


The obligations of
the Company under this Section to compensate the Trustee and to pay or reimburse the Trustee for expenses, disbursements and
advances shall constitute additional indebtedness hereunder.


 


The Trustee shall have
a lien prior to the Securities upon all property and funds held or collected by it as such for any amount owing to it pursuant
to this Section 607, except with respect to funds held in trust for the benefit of the Holders.


 


Without limiting any
rights available to the Trustee under applicable law, when the Trustee incurs expenses or renders services in connection with an
Event of Default specified in Section 501(4) or Section 501(5), the expenses (including the reasonable charges and
expenses of its counsel) and the compensation for such services are intended to constitute expenses of administration under any
applicable Bankruptcy Law.


 


The provisions of this
Section shall survive the satisfaction and discharge of this Indenture and the Defeasance or Covenant Defeasance of the Securities
and the resignation or removal of the Trustee.


 


Section 608.     Disqualification;
Conflicting Interests


 


If the Trustee has
or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such
interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and
this Indenture.


 


Section 609.     Corporate
Trustee Required; Eligibility


 


There shall at all
times be one or more Trustees hereunder with respect to the Securities of each series, at least one of which shall be a Person
that is eligible pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus required by the Trust
Indenture Act. If such Person publishes reports of condition at least annually, pursuant to law or to the requirements of a supervising
or examining authority, then for the purposes of this Section, the combined capital and surplus of such Person shall be deemed
to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee
shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with
the effect hereinafter specified in this Article.


 






    	 	45	 



     


    

 


Section 610.     Resignation
and Removal; Appointment of Successor


 


No resignation or removal
of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance
of appointment by the successor Trustee in accordance with the applicable requirements of Section 611.


 


The Trustee may resign
at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument
of acceptance by a successor Trustee required by Section 611 shall not have been delivered to the Trustee within 30 days after
the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment
of a successor Trustee with respect to the Securities of such series.


 


The Trustee may be
removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series, delivered to the Trustee and to the Company. If an instrument of acceptance by a successor
Trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the removed Trustee
may petition any court of competent jurisdiction for the appointment of a successor Trustee.


 


If at any time:


 


		(1)	the Trustee shall fail to comply with Section 608 after written request therefor by the Company
or by any Holder who has been a bona fide Holder of a Security for at least six months, or



 


		(2)	the Trustee shall cease to be eligible under Section 609 and shall fail to resign after written
request therefor by the Company or by any such Holder, or



 


		(3)	the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a
receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee
or of its property or affairs for the purpose of rehabilitation, conservation or liquidation,



 


then, in any such case, (A) the Company,
acting pursuant to the authority of a Board Resolution, may remove the Trustee with respect to all Securities, or (B) subject
to Section 514, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself
and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to
all Securities and the appointment of a successor Trustee or Trustees.


 






    	 	46	 



     


    

 


If the Trustee shall
resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect
to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees
with respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with
respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect
to the Securities of any particular series) and shall comply with the applicable requirements of Section 611. If, within one
year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the
Securities of any series shall be appointed by Act of Holders of a majority in principal amount of the Outstanding Securities of
such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance
of such appointment in accordance with the applicable requirements of Section 611, become the successor Trustee with respect
to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee
with respect to the Securities of any series shall have been so appointed by the Company or Holders and accepted appointment in
the manner required by Section 611, any Holder who has been a bona fide Holder of a Security of such series for at least six
months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment
of a successor Trustee with respect to the Securities of such series.


 


The Company shall give
notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of
a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided
in Section 106. Each notice shall include the name of the successor Trustee with respect to the Securities of such series
and the address of its Corporate Trust Office.


 


Section 611.     Acceptance
of Appointment by Successor


 


(a)            In
case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed
shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and
thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee, and all property
and money held by such retiring Trustee hereunder; but, on the request of the Company or the successor Trustee, such retiring Trustee
shall, upon payment of its charges and subject to any claim provided for in Section 607, execute and deliver an instrument
transferring to such successor Trustee all the rights, powers, trusts and duties of the retiring Trustee and shall duly assign,
transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder.


 


(b)            In
case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the
Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and
deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (i) shall
contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all
the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates, (ii) if the retiring Trustee is not retiring with respect to all Securities,
shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring
shall continue to be vested in the retiring Trustee, and (iii) shall add to or change any of the provisions of this Indenture
as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall constitute such Trustees as co-trustees of the same trust
and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal
of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect
to the Securities of that or those series to which the appointment of such successor Trustee relates, but, on request of the Company,
or any successor Trustee, such retiring Trustee shall, upon payment of its charges and subject to any claim provided for in Section 607,
duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with
respect to the Securities of that or those series to which the appointment of such successor Trustee relates.


 






    	 	47	 



     


    

 


(c)            Upon
the reasonable request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly
vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in clause (a) or (b) above.


 


(d)            No
successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified
and eligible under this Article.


 


Section 612.     Merger,
Conversion, Consolidation or Succession to Business


 


Any Corporation into
which the Trustee may be merged or converted or with which it may be consolidated, or any Corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any Corporation succeeding to all or substantially all the
corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such Corporation shall
be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the
part of any of the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then
in office, any successor by merger, conversion or consolidation to such authenticating Trustee shall adopt such authentication
and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities.


 


Section 613.     Preferential
Collection of Claims Against Company


 


If and when the Trustee
shall be or become a creditor of the Company, or any other obligor upon the Securities, the Trustee shall be subject to the provisions
of the Trust Indenture Act regarding the collection of claims against the Company or any such other obligor.


 


Section 614.     Appointment
of Authenticating Agent


 


The Trustee (upon notice
to the Company) may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized
to act on behalf of the Trustee to authenticate Securities of such series issued upon original issue (in accordance with procedures
acceptable to the Trustee) and upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 306,
and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes
as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of
Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication
and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the
Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a Corporation
organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized
under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject
to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least
annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section,
the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth
in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance
with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified
in this Section.


 






    	 	48	 



     


    

 


Any Corporation into
which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any Corporation resulting from
any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any Corporation succeeding to all
or substantially all of the corporate agency or corporate trust business of such Authenticating Agent, shall continue to be an
Authenticating Agent, provided such Corporation shall be otherwise eligible under this Section, without the execution or filing
of any paper or any further act on the part of the Trustee or such Authenticating Agent.


 


An Authenticating Agent
may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time terminate
the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving
such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible
in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable
to the Company. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the
rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No
successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section.


 


Except with respect
to an Authenticating Agent appointed at the request of the Company, the Trustee agrees to pay to each Authenticating Agent from
time to time reasonable compensation (for which the Company shall not be responsible) for its services under this Section.


 


If an appointment with
respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition
to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form:


 






    	 	49	 



     


    

 


This is one of the
Securities of the series designated therein referred to in the within-mentioned Indenture.


 


	 	 	 	U.S. Bank National Association
	 	 	 	As Trustee
	 	 	 	 	 
	Date:	 	 	By:	 
	 	 	 	 	 
	 	 	 	As Authenticating Agent
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	 
	 	 	 	Authorized Signatory
	 	 	 	 


 


ARTICLE VII

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND THE COMPANY


 


Section 701.     Company
to Furnish Trustee Names and Addresses of Holders


 


The Company will furnish
or cause to be furnished to the Trustee:


 


		(1)	semi-annually, not later than each Interest Payment Date in each year (or, if interest is payable
quarterly, then quarterly, not later than every second Interest Payment Date in each year), a list for each series of Securities,
in such form as the Trustee may reasonably require, of the names and addresses of the Holders of Securities of such series as of
the preceding Regular Record Date, and



 


		(2)	at such other times as the Trustee may request in writing, within 30 days after the receipt by
the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list
is furnished;



 


provided, however, that if and so
long as the Trustee shall be the Security Registrar for Securities of a series, no such list need be furnished with respect to
such series of Securities.


 


Section 702.     Preservation
of Information; Communications to Holders


 


The Trustee shall comply
with the obligations imposed upon it pursuant to Section 312 of the Trust Indenture Act.


 


The rights of the Holders
to communicate with other Holders with respect to their rights under this Indenture or under the Securities, and the corresponding
rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act.


 


Every Holder of Securities,
by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent
of either of them shall be held accountable by reason of any disclosure of information as to the names and addresses of Holders
made pursuant to the Trust Indenture Act.


 






    	 	50	 



     


    

 


Section 703.     Reports
by Trustee


 


As promptly as practicable
after each May 15 beginning with the May 15 following the date of this Indenture, and in any event prior to July 15
in each year, the Trustee shall mail to each Holder a brief report dated as of May 15 that complies with Trust Indenture Act
Section 313(a). The Trustee shall also comply with Trust Indenture Act Section 313(b). Prior to delivery to the Holders,
the Trustee shall deliver to the Company a copy of any report it delivers to Holders pursuant to this Section 703; provided,
however, that no recourse may be taken against the Trustee for its failure to deliver a copy of such report to the Company
prior to its delivery of the report to the Holders.


 


A copy of each such
report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any Securities
are listed, with the Commission and with the Company. The Company will notify the Trustee when any Securities are listed on any
stock exchange.


 


Section 704.     Reports
by Company


 


The Company shall file
with the Trustee and the Commission, and transmit to Holders, in accordance with Trust Indenture Act Section 314(a) and
the rules and regulations prescribed from time to time by the Commission, such information, documents and reports with respect
to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by Trust
Indenture Act Section 314(a) and such rules and regulations.


 


ARTICLE VIII

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE


 


Section 801.     Company
May Consolidate, Etc., Only on Certain Terms


 


The Company shall not,
in a single transaction or a series of related transactions, consolidate with or merge into any other Person, or sell, convey,
transfer, lease or otherwise dispose of all or substantially all of its and its Subsidiaries’ properties and assets, taken
as a whole, to any other Person, unless:


 


		(1)	the Person formed by such consolidation or into which the Company is merged or the Person which
acquires by sale, conveyance or transfer or other disposition, or which leases, all or substantially all of such properties and
assets shall be a Corporation, shall be organized and validly existing under the laws of the United States of America, any State
thereof or the District of Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to
the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of and any premium and interest
on all the Securities and the performance or observance of every other covenant of this Indenture on the part of the Company to
be performed or observed;



 


		(2)	immediately after giving effect to such transaction and treating any indebtedness which becomes
an obligation of the Company or a Subsidiary as a result of such transaction as having been incurred by the Company or such Subsidiary
at the time of such transaction, no Default or Event of Default shall have occurred and be continuing;



 






    	 	51	 



     


    

 


		(3)	if, as a result of any such consolidation or merger or such conveyance, transfer or lease, such
properties or assets would become subject to a mortgage, pledge, lien, security interest or other encumbrance which would not be
permitted by this Indenture, the Company or such successor Person, as the case may be, shall take such steps as shall be necessary
effectively to secure the Securities equally and ratably with (or prior to) all indebtedness secured thereby and such encumbrances
shall be deemed to be permitted by this Indenture; and



 


		(4)	the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that such consolidation, merger, conveyance, transfer or lease and such supplemental indenture comply with this Article and
that all conditions precedent herein provided for relating to such transaction have been complied with.



 


For clarity, this Section and Section 802
shall not apply to the merger of any Person into the Company, provided that the Company is the surviving entity of such
merger.


 


Section 802.     Successor
Substituted


 


Upon any consolidation
of the Company with, or merger of the Company into, any other Person or any sale, conveyance, transfer, lease or other disposition
of all or substantially all of the properties and assets of the Company in accordance with Section 801, the successor Person
formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed
to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as
if such successor Person had been named as the Company herein and thereafter, except in the case of a lease, the predecessor Person
shall be relieved of all obligations and covenants under this Indenture and the Securities and may liquidate and dissolve.


 


ARTICLE IX

SUPPLEMENTAL INDENTURES


 


Section 901.     Supplemental
Indentures Without Consent of Holders


 


Without the consent
of any Holder, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental
hereto, in form satisfactory to the Trustee, for any of the following purposes:


 


		(1)	to evidence the succession of another Person to the Company under this Indenture and the Securities
and the assumption by such successor Person of the obligations of the Company hereunder;



 


		(2)	to add covenants and Events of Default for the benefit of the Holders of all or any series of such
Securities or to surrender any right or power conferred by this Indenture upon the Company or to make any change that does not
adversely affect the legal rights hereunder of any Holder in any material respect;



 






    	 	52	 



     


    

 


		(3)	to add to, change or eliminate any of the provisions of this Indenture, provided that any such
addition, change or elimination (A) shall neither (i) apply to the Securities of any series created prior to the execution
of such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the rights of the Holder of any
such Security with respect to such provision or (B) shall become effective only after there are no such Securities of any
series entitled to the benefit of such provision Outstanding;



 


		(4)	to establish the forms or terms of the Securities of any series issued hereunder;



 


		(5)	to cure any ambiguity or omission or to correct any defect or inconsistency in this Indenture,
or to conform the text of this Indenture or the Securities to the description of the Securities in the prospectus or prospectus
supplement relating thereto;



 


		(6)	to evidence the acceptance of appointment by a successor Trustee with respect to one or more series
of Securities or otherwise;



 


		(7)	to effect or maintain the qualification of this Indenture under the Trust Indenture Act;



 


		(8)	to permit or facilitate the issuance of Securities in bearer form or to provide for uncertificated
Securities in addition to certificated Securities, or otherwise to alter the provisions of Articles II and III, including to facilitate
the issuance, legending or transfer of the Securities, in a manner that does not materially adversely affect any Holder and does
not result in any violation of applicable securities law;



 


		(9)	to secure the Securities of any series;



 


		(10)	to supplement any provisions of this Indenture necessary to permit or facilitate the Defeasance,
Covenant Defeasance or discharge of any series of Securities, provided that such action does not adversely affect the interests
of the Holders of Securities of such series or any other series; and



 


		(11)	to comply with the rules or regulations of any securities exchange or automated quotation
system on which any of the Securities may be listed or traded.



 


Section 902.     Supplemental
Indentures with Consent of Holders


 


With the consent of
the Holders of not less than a majority in aggregate principal amount of all Outstanding Securities affected by such supplemental
indenture (voting as one class), the Company and the Trustee may enter into an indenture or indentures supplemental hereto for
the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture, or
modifying in any manner the rights of Holders of Securities of such series under this Indenture; provided that the Company
and the Trustee may not, without the consent of the Holder of each Outstanding Security affected thereby:


 






    	 	53	 



     


    

 


		(1)	change the Stated Maturity of the principal of, or any installment of principal of or interest,
if any, on, any Security, or reduce the principal amount thereof or premium, if any, on or the rate of interest thereon, or adversely
affect any right to convert or exchange any Security into any other security, or alter the method of computation of interest, or
make any Security payable in money other than that stated in such Security;



 


		(2)	reduce the percentage in principal amount of Securities required for any such supplemental indenture
or for any waiver provided for in this Indenture;



 


		(3)	change the Company’s obligation to maintain an office or agency for payment of Securities
and the other matters specified herein;



 


		(4)	impair the right to institute suit for the enforcement of any payment of principal of, premium,
if any, or interest on, any Security;



 


		(5)	modify the provisions of this Indenture with respect to the subordination of any Security in a
manner adverse to the Holder thereof; or



 


		(6)	modify any of the provisions of this Indenture relating to the execution of supplemental indentures
with the consent of Holders of Securities which are discussed in this Section or modify any provisions relating to the waiver
by Holders of Securities of past defaults and covenants, except to increase any required percentage or to provide that other provisions
of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby.



 


A supplemental indenture
which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the
benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series
with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders
of Securities of any other series.


 


It shall not be necessary
for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall
be sufficient if such Act shall approve the substance thereof.


 


Section 903.     Execution
of Supplemental Indentures


 


In executing, or accepting
the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the
trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected
in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that the execution of such supplemental indenture
is authorized or permitted by this Indenture. The Trustee shall enter into any supplemental indenture which does not adversely
affect the Trustee’s own rights, duties or immunities under this Indenture or otherwise. The Trustee may, but shall not be
obligated to, enter into any such supplemental indenture which adversely affects the Trustee’s own rights, duties or immunities
under this Indenture or otherwise.


 






    	 	54	 



     


    

 



 


Section 904.     Effect
of Supplemental Indentures


 


Upon the execution
of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental
indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated
and delivered hereunder shall be bound thereby.


 


Section 905.     Conformity
with Trust Indenture Act


 


Every supplemental
indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect.


 


Section 906.     Reference
in Securities to Supplemental Indentures


 


Securities of any series
authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required
by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If
the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company,
to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in
exchange for Outstanding Securities of such series. Failure to make a notation or issue a new Security shall not affect the validity
and effect of any amendment, supplement or waiver.


 


ARTICLE X

COVENANTS


 


Section 1001.     Payment
of Principal, Premium and Interest


 


The Company covenants
and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and
interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.


 


Section 1002.     Maintenance
of Office or Agency


 


The Company will maintain
in each Place of Payment for any series of Securities an office or agency where Securities of that series may be presented or surrendered
for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and
demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. The Company will give
prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time
the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof,
such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office, and the Company hereby
appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands.


 






    	 	55	 



     


    

 


The Company may also
from time to time designate one or more other offices or agencies where the Securities of one or more series may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation
or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment
for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation
or rescission and of any change in the location of any such other office or agency.


 


Except as otherwise
specified with respect to a series of Securities as contemplated by Section 301, the Company hereby initially designates as
the Place of Payment for each series of Securities the Corporate Trust Office, and initially appoints the Trustee at its Corporate
Trust Office as the Paying Agent, as the Company’s office or agency for each such purpose.


 


With respect to any
Global Security, and except as otherwise may be specified for such Global Security as contemplated by Section 301, the Corporate
Trust Office shall be the Place of Payment where such Global Security may be presented or surrendered for payment or for registration
of transfer or exchange, or where successor Securities may be delivered in exchange therefor; provided, however,
that any such payment, presentation, surrender or delivery effected pursuant to the applicable procedures of the Depositary for
such Global Security shall be deemed to have been effected at the Place of Payment for such Global Security in accordance with
the provisions of this Indenture.


 


Section 1003.     Money
for Securities Payments to Be Held in Trust


 


If the Company or any
of its Subsidiaries shall at any time act as Paying Agent with respect to any series of Securities, it will, on or before each
due date of the principal of or any premium or interest on any of the Securities of that series, segregate and hold in trust for
the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium and interest so becoming due
until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee
of its action or failure so to act.


 


Whenever the Company
shall have one or more Paying Agents for any series of Securities, it will, on or prior to each due date of the principal of or
any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such
sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company will promptly
notify the Trustee of its action or failure so to act.


 


The Company will cause
each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which
such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will (1) hold
all sums held by it for the payment of the principal of (and premium, if any) or interest, if any, on Securities of that series
in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of
as herein provided; (2) give the Trustee notice of any default by the Company (or any other obligor upon the Securities of
that series) in the making of any payment of principal (and premium, if any) or interest, if any, on the Securities of that series;
and (3) during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee
all sums held in trust by such Paying Agent for payment in respect of the Securities of that series.


 






    	 	56	 



     


    

 


The Company may at
any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company
Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be
held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon
such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to
such money.


 


Any money deposited
with the Trustee or any Paying Agent in trust for the payment of the principal of or any premium or interest on any Security of
any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be
paid to the Company pursuant to a Company Request and the Trustee or any Paying Agent shall be discharged from such trust; and
the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the state whose escheat laws control
for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability
of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before
being required to make any such payment, may at the expense of the Company cause to be published once, in an Authorized Newspaper,
notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the
date of such publication, any unclaimed balance of such money then remaining will be paid to the state whose escheat laws control.


 


Section 1004.     Statement
by Officers as to Default; Change in Fiscal Year


 


The Company will deliver
to the Trustee, within 150 days after the end of each Fiscal Year of the Company ending after the date hereof, an Officers’
Certificate, stating whether or not to the best knowledge of the signers thereof the Company is in default in the performance and
observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement
of notice provided hereunder) and, if the Company shall be in default, specifying all such Defaults and the nature and status thereof
of which they may have knowledge.


 


The Company will notify
the Trustee of any change in the Company’s Fiscal Year.


 


Section 1005.     Waiver
of Certain Covenants


 


The Company may omit
in any particular instance to comply with any term, provision or condition set forth in Sections 1002 through 1004 with respect
to the Securities of any series if before the time for such compliance Holders of at least a majority in aggregate principal amount
of the Outstanding Securities of all affected series (voting as one class) shall, by Act of such Holders, either waive such compliance
in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect
such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the
obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full
force and effect.


 


A waiver which changes
or eliminates any term, provision or condition of this Indenture which has expressly been included solely for the benefit of one
or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect
to such term, provision or condition, shall be deemed not to affect the rights under this Indenture of the Holders of Securities
of any other series.


 






    	 	57	 



     


    

 


ARTICLE XI

REDEMPTION OF SECURITIES


 


Section 1101.     Applicability
of Article


 


Securities of any series
which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified
as contemplated by Section 301 for Securities of any series) in accordance with this Article.


 


Section 1102.     Election
to Redeem; Notice to Trustee


 


The election of the
Company to redeem any Securities shall be evidenced by a Board Resolution. In case of any redemption at the election of the Company
of less than all the Securities of any series, the Company shall, not less than 35 nor more than 60 days prior to the Redemption
Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption
Date, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to
be redeemed. In the case of any redemption of Securities (1) prior to the expiration of any restriction on such redemption
provided in the terms of such Securities or elsewhere in this Indenture, or (2) pursuant to an election of the Company which
is subject to a condition specified in the terms of such Securities, the Company shall furnish the Trustee with an Officers’
Certificate evidencing compliance with such restriction or condition.


 


Section 1103.     Selection
by Trustee of Securities to be Redeemed


 


If less than all the
Securities of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are to be redeemed),
the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from
the Outstanding Securities of such series not previously called for redemption, on a pro rata basis that complies with any
securities exchange or other applicable requirements for redemption of portions (equal to the minimum authorized denomination for
Securities of that series or any integral multiple in excess thereof) of the principal amount of Securities of such series of a
denomination larger than the minimum authorized denomination for Securities of that series.


 


The Trustee shall promptly
notify the Company in writing of the Securities selected for redemption and, in the case of any Securities selected for partial
redemption, the principal amount thereof to be redeemed.


 


For all purposes of
this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in
the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which
has been or is to be redeemed.


 




    	 	58	 



     


    

 


Section 1104.     Notice
of Redemption


 


Notice of redemption
shall be given by first-class mail (if international mail, by air mail), postage prepaid, mailed not less than 30 nor more than
60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at its address appearing in the Security Register,
provided that notice of redemption may be mailed more than 60 days prior to the Redemption Date in the case of a Defeasance
or Covenant Defeasance or a discharge pursuant to Article IV.


 


All notices of redemption
shall state:


 


		(1)	the Redemption Date,



 


		(2)	the Redemption Price or, if the Redemption Price is not determinable prior to the giving of such
notice, the method for calculating the Redemption Price,



 


		(3)	if less than all the Outstanding Securities of any series and of a specified tenor are to be redeemed,
the identification (and, in the case of partial redemption of any Securities, the principal amounts) of the particular Securities
to be redeemed,



 


		(4)	that on the Redemption Date the Redemption Price will become due and payable upon each such Security
to be redeemed and that, unless the Company defaults in the payment of the Redemption Price, interest on such Security will cease
to accrue on and after said date,



 


		(5)	the place or places where such Securities are to be surrendered for payment of the Redemption Price,
and



 


		(6)	that the redemption is for a sinking fund, if such is the case.



 


Notice of redemption
of Securities to be redeemed shall be given by the Company or, at the Company’s request made at least five Business Days
prior to the date on which notice is to be given, by the Trustee in the name and at the expense of the Company.


 


Section 1105.     Deposit
of Redemption Price


 


On or prior to 11:00
a.m. (New York City time) on any Redemption Date (or such later time of day to which the Trustee may agree), the Company shall
deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust
as provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date
shall be an Interest Payment Date) accrued interest on, all the Securities which are to be redeemed on that date. The Trustee shall
not be required to make any such deposit in the event that the Company fails to do so. The contemplated redemption shall be conditioned
on the deposit by the Company of the required moneys thereby. The Trustee and any Paying Agent promptly shall pay or return to
the Company upon Company Request any money held by them that has been deposited pursuant to this Section in excess of the
amounts required to pay such Redemption Price.


 






    	 	59	 



     


    

 


Section 1106.     Securities
Payable on Redemption Date


 


Notice of redemption
having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption
Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price
and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for redemption in accordance
with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption
Date; provided, however, that, unless otherwise specified as contemplated by Section 301, installments of interest
whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more
Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the
provisions of Section 307.


 


If any Security called
for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear
interest from the Redemption Date at the rate prescribed therefor in the Security.


 


Section 1107.     Securities
Redeemed in Part


 


Any Security which
is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires,
due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the
Holder thereof or its attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and
deliver to the Holder of such Security without service charge to such Holder, a new Security or Securities of the same series and
of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange
for the unredeemed portion of the principal of the Security so surrendered.


 


ARTICLE XII

SINKING FUNDS


 


Section 1201.     Applicability
of Article


 


The provisions of this
Article shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified
as contemplated by Section 301 for Securities of such series.


 


The minimum amount
of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory
sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any
series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities
of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking
fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such
series.


 






    	 	60	 



     


    

 


Section 1202.     Satisfaction
of Sinking Fund Payments with Securities


 


The Company (1) may
deliver Outstanding Securities of a series (other than any previously called for redemption), and (2) may apply as a credit
Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such Securities
or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in
satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant
to the terms of such Securities as provided for by the terms of such series; provided that such Securities have not been
previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price
specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall
be reduced accordingly.


 


Section 1203.     Redemption
of Securities for Sinking Fund


 


Not less than 45 days
prior to each sinking fund payment date for any series of Securities (unless a shorter period shall be satisfactory to the Trustee),
the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment
for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash
and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 1202
and stating the basis for such credit and that such Securities have not been previously so credited, and will also deliver to the
Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Trustee shall select
the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause notice
of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104.
Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in
Sections 1105, 1106 and 1107.


 


ARTICLE XIII

DEFEASANCE


 


Section 1301.     Applicability
of Article


 


The provisions of this
Article shall be applicable to each series of Securities except as otherwise specified as contemplated by Section 301
for Securities of such series.


 


Section 1302.     Legal
Defeasance


 


In addition to discharge
of the Indenture pursuant to Section 401, the Company shall be deemed to have paid and discharged the entire indebtedness
on all the Securities of a series on the 91st day after the date of the deposit referred to in clause (1) below, and the provisions
of this Indenture with respect to the Securities of such series shall no longer be in effect (except as to (i) rights of registration
of transfer and exchange of Securities of such series and the Company’s right of optional redemption, if any, (ii) substitution
of mutilated, destroyed, lost or stolen Securities, (iii) rights of Holders of Securities to receive payments of principal
thereof and interest thereon, upon the original stated due dates therefor or on the specified redemption dates therefor (but not
upon acceleration), and remaining rights of the Holders to receive mandatory sinking fund payments, if any, (iv) the rights,
obligations, duties and immunities of the Trustee hereunder, and the Company’s obligations in connection therewith (including,
but not limited to, Section 607), (v) the rights, if any, to convert or exchange the Securities of such series, (vi) the
rights of Holders of Securities of such series as beneficiaries hereof with respect to the property so deposited with the Trustee
payable to all or any of them, and (vii) the obligations of the Company under Section 1002), and the Trustee, at the
expense of the Company, shall, upon a Company Request, execute proper instruments acknowledging the same, if the conditions set
forth below are satisfied (“Defeasance”):


 






    	 	61	 



     


    

 


		(1)	the Company has irrevocably deposited or caused to be deposited with the Trustee as trust funds
in trust, for the purposes of making the following payments, specifically pledged as security for, and dedicated solely to, the
benefit of Holders of the Securities of such series (A) cash in an amount, or (B) in the case of any series of Securities
the payments on which may only be made in legal coin or currency of the United States, U.S. Government Obligations, maturing as
to principal and interest at such times and in such amounts as will insure the availability of cash, or (C) a combination
thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in
a written certification thereof delivered to the Trustee, to pay (i) the principal and interest and premium, if any, on all
Securities of such series on each date that such principal, interest or premium, if any, is due and payable or on any Redemption
Date established pursuant to clause (3) below, and (ii) any mandatory sinking fund payments on the dates on which such
payments are due and payable in accordance with the terms of the Indenture and the Securities of such series;



 


		(2)	the Company has delivered to the Trustee an Opinion of Counsel based on the fact that (A) the
Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (B) since the date hereof,
there has been a change in the applicable federal income tax law, in either case to the effect that, and such opinion shall confirm
that, Holders of the Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result
of such deposit, Defeasance and discharge and will be subject to federal income tax on the same amount and in the same manner and
at the same times, as would have been the case if such deposit, Defeasance and discharge had not occurred;



 


		(3)	if the Securities are to be redeemed prior to Stated Maturity (other than from mandatory sinking
fund payments or analogous payments), notice of such redemption shall have been duly given pursuant to this Indenture or provision
therefor satisfactory to the Trustee shall have been made;



 


		(4)	no Default or Event of Default shall have occurred and be continuing on the date of such deposit
(other than any Default or Event of Default resulting from the incurrence of Debt the proceeds of which are to be applied to such
deposit, and the granting of any liens in connection therewith);



 






    	 	62	 



     


    

 


		(5)	such Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of
the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act);



 


		(6)	such Defeasance shall not result in a breach or violation of, or constitute a default under, any
other material agreement or instrument to which the Company is a party or by which it is bound;



 


		(7)	such Defeasance shall not result in the trust arising from such deposit constituting an investment
company within the meaning of the Investment Company Act of 1940, as amended, unless such trust shall be registered under such
Act or exempt from registration thereunder; and



 


		(8)	the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that all conditions precedent provided for relating to the Defeasance contemplated by this provision have been complied
with.



 


For this purpose, such
Defeasance means that the Company and any other obligor upon the Securities of such series shall be deemed to have paid and discharged
the entire debt represented by the Securities of such series, which shall thereafter be deemed to be “Outstanding”
only for the purposes of Section 1304 and the rights and obligations referred to in clause (i) through (vii), inclusive,
of the first paragraph of this Section, and to have satisfied all its other obligations under the Securities of such series and
this Indenture insofar as the Securities of such series are concerned.


 


Section 1303.     Covenant
Defeasance


 


The Company and any
other obligor shall be released on the 91st day after the date of the deposit referred to in clause (1) below from its obligations
under Section 704 and Article VIII with respect to the Securities of any series on and after the date the conditions
set forth below are satisfied (“Covenant Defeasance”), and the Securities of such series shall thereafter be
deemed to be not “Outstanding” for the purposes of any request, demand, authorization, direction, notice, waiver, consent
or declaration or other action or Act of Holders (and the consequences of any thereof) in connection with such covenants, but shall
continue to be deemed Outstanding for all other purposes hereunder. For this purpose, such Covenant Defeasance means that, with
respect to the Securities of such series, the Company may omit to comply with and shall have no liability in respect of any term,
condition or limitation set forth in any such Section, whether directly or indirectly by reason of any reference elsewhere herein
to such Section or by reason of any reference in such Section to any other provision herein or in any other document
and such omission to comply shall not constitute a Default or an Event of Default under Section 501, but, except as specified
above, the remainder of this Indenture and the Securities of such series shall be unaffected thereby.  The following shall
be the conditions to Covenant Defeasance:


 






    	 	63	 



     


    

 


		(1)	the Company has irrevocably deposited or caused to be deposited with the Trustee as trust funds
in trust, for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the
benefit of Holders of the Securities of such series (A) cash in an amount, or (B) in the case of any series of Securities
the payments on which may only be made in legal coin or currency of the United States, U.S. Government Obligations, maturing as
to principal and interest at such times and in such amounts as will insure the availability of cash, or (C) a combination
thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in
a written certification thereof delivered to the Trustee, to pay (i) the principal and interest and premium, if any, on all
Securities of such series on each date that such principal, interest or premium, if any, is due and payable or on any Redemption
Date established pursuant to clause (3) below, and (ii) any mandatory sinking fund payments on the day on which such
payments are due and payable in accordance with the terms of the Indenture and the Securities of such series;



 


		(2)	the Company has delivered to the Trustee an Opinion of Counsel which shall confirm that Holders
of the Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of such deposit
and Covenant Defeasance and will be subject to federal income tax on the same amount and in the same manner and at the same time
as would have been the case if such deposit and Covenant Defeasance had not occurred;



 


		(3)	if the Securities are to be redeemed prior to Stated Maturity (other than from mandatory sinking
fund payments or analogous payments), notice of such redemption shall have been duly given pursuant to this Indenture or provision
therefor satisfactory to the Trustee shall have been made;



 


		(4)	no Default or Event of Default shall have occurred and be continuing on the date of such deposit
(other than any Default or Event of Default resulting from the incurrence of Debt the proceeds of which are to be applied to such
deposit, and the granting of any liens in connection therewith);



 


		(5)	such Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the
meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act);



 


		(6)	such Covenant Defeasance shall not result in a breach or violation of, or constitute a default
under, any other agreement or instrument to which the Company is a party or by which it is bound;



 


		(7)	such Covenant Defeasance shall not result in the trust arising from such deposit constituting an
investment company within the meaning of the Investment Company Act of 1940, as amended, unless such trust shall be registered
under such Act or exempt from registration thereunder; and



 


		(8)	the Company has delivered to the Trustee an Officers’ Certificate and Opinion of Counsel
stating that all conditions precedent provided for relating to the Covenant Defeasance contemplated by this provision have been
complied with.



 






    	 	64	 



     


    

 


Section 1304.     Application
by Trustee of Funds Deposited for Payment of Securities


 


Subject to the provisions
of the last paragraph of Section 1003, all moneys or U.S. Government Obligations deposited with the Trustee pursuant to Section 1302
or 1303 (and all funds earned on such moneys or U.S. Government Obligations) shall be held in trust and applied by it to the payment,
either directly or through any Paying Agent (including the Company acting as its own Paying Agent), to Holders of the particular
Securities of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums
due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the
extent required by law.


 


Section 1305.     Repayment
to Company


 


The Trustee and any
Paying Agent promptly shall pay or return to the Company upon Company Request any money and U.S. Government Obligations held by
them at any time that have been deposited pursuant to Section 1302 or 1303, which, in the opinion of a nationally recognized
firm of independent public accountants expressed in a written certification delivered to the Trustee, are in excess of the amounts
required to effect the Defeasance or Covenant Defeasance with respect to the Outstanding Securities in question.


 


The provisions of the
last paragraph of Section 1003 shall apply to any money held by the Trustee or any Paying Agent under this Article that
remains unclaimed for two years after the Maturity of any series of Securities for which money or U.S. Government Obligations have
been deposited pursuant to Section 1302 or 1303.


 


Section 1306.     Reinstatement


 


If the Trustee or the
Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with this Article by reason of any
legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, the obligations of the Company under this Indenture and the Securities of the applicable series shall
be revived and reinstated as though no deposit had occurred pursuant to this Indenture until such time as the Trustee or the Paying
Agent is permitted to apply all such money or U.S. Government Obligations in accordance with this Article; provided, however,
that if the Company has made any payment of principal of or interest on any Securities of such series because of the reinstatement
of its obligations, the Company shall be subrogated to the rights of Holders of such Securities to receive such payment from the
money or U.S. Government Obligations held by the Trustee or the Paying Agent.


 






    	 	65	 



     


    

 


ARTICLE XIV

SUBORDINATION OF SECURITIES


 


Section 1401.     Securities
Subordinated to Senior Debt


 


The payment by the
Company of the principal of, premium, if any, and interest, if any, on any series of Securities issued hereunder shall be subordinated
to the extent set forth in an indenture supplemental hereto relating to such Securities.


 


[Signature page follows]


 




    	 	66	 



     


    

 


IN WITNESS WHEREOF,
the parties hereto have caused this Indenture to be duly executed in multiple counterparts, each of which so executed shall be
deemed to be an original, but all of which shall together constitute but one and the same instrument, all as of the day and year
first above written.


 


	 	GREAT SOUTHERN BANCORP, INC.
	 	 	 
	 	By:	/s/ Joseph W. Turner
	 	Name:	Joseph W. Turner
	 	Title:	President and Chief Executive Officer
	 	 
	 	 U.S. BANK NATIONAL ASSOCIATION, as Trustee
	 	 	 
	 	By:	/s/ George J. Rayzis
	 	Name:	George J. Rayzis
	 	Title:	Vice President



 


[Signature Page to Indenture]