Document:

Exhibit 4.1

 

SOUTHERN
NATIONAL BANCORP OF VIRGINIA, INC.

 

SUBORDINATED
INDENTURE

 

DATED
AS OF August 25, 2020

 

WILMINGTON
TRUST, NATIONAL ASSOCIATION, AS TRUSTEE

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page Number
	 	 
	Article I       DEFINITIONS
    AND INCORPORATION BY REFERENCE	1
	Section 1.1	Definitions	1
	Section 1.2	Other Definitions	5
	Section 1.3	Incorporation by Reference of Trust Indenture
    Act	5
	Section 1.4	Rules of Construction	6
	 	 
	Article II       THE
    SECURITIES	6
	Section 2.1	Issuable in Series	6
	Section 2.2	Establishment of Terms of Series of Securities	6
	Section 2.3	Execution and Authentication	8
	Section 2.4	Registrar and Paying Agent	9
	Section 2.5	Paying Agent to Hold Money in Trust	9
	Section 2.6	Securityholder Lists	10
	Section 2.7	Transfer and Exchange	10
	Section 2.8	Mutilated, Destroyed, Lost and Stolen Securities	10
	Section 2.9	Outstanding Securities	11
	Section 2.10	Treasury Securities	11
	Section 2.11	Temporary Securities	11
	Section 2.12	Cancellation	11
	Section 2.13	Defaulted Interest	12
	Section 2.14	Global Securities	12
	Section 2.15	CUSIP Numbers	13
	 	 
	Article III       REDEMPTION	13
	Section 3.1	Notice to Trustee	13
	Section 3.2	Selection of Securities to be Redeemed	13
	Section 3.3	Notice of Redemption	14
	Section 3.4	Effect of Notice of Redemption	15
	Section 3.5	Deposit of Redemption Price	15
	Section 3.6	Securities Redeemed in Part	15
	 	 
	Article IV       COVENANTS	15
	Section 4.1	Payment of Principal and Interest	15
	Section 4.2	SEC Reports	15
	Section 4.3	Compliance Certificate	15
	Section 4.4	Stay, Extension and Usury Laws	16
	Section 4.5	Corporate Existence	16
	Section 4.6	Taxes	16
	 	 
	Article V       SUCCESSORS	16
	Section 5.1	When Company May Merge, Etc.	16
	Section 5.2	Successor Corporation Substituted	16

 

    	 	i	 

     

    

 

	Article VI       DEFAULTS AND
    REMEDIES	17
	Section 6.1	Events of Default	17
	Section 6.2	Acceleration of Maturity; Rescission and Annulment	18
	Section 6.3	Collection of Indebtedness and Suits for Enforcement
    by Trustee	18
	Section 6.4	Trustee may File Proofs of Claim	19
	Section 6.5	Trustee may Enforce Claims Without Possession
    of Securities	19
	Section 6.6	Application of Money Collected	19
	Section 6.7	Limitation on Suits	20
	Section 6.8	Unconditional Right of Holders to Receive Principal
    and Interest	20
	Section 6.9	Restoration of Rights and Remedies	20
	Section 6.10	Rights and Remedies Cumulative	21
	Section 6.11	Delay or Omission Not Waiver	21
	Section 6.12	Control by Holders	21
	Section 6.13	Waiver of Past Defaults	21
	Section 6.14	Undertaking for Costs	21
	 	 
	Article VII       TRUSTEE	22
	Section 7.1	Duties of Trustee	22
	Section 7.2	Rights of Trustee	23
	Section 7.3	Individual Rights of Trustee	25
	Section 7.4	Trustee’s Disclaimer	25
	Section 7.5	Notice of Defaults	25
	Section 7.6	Reports by Trustee to Holders	25
	Section 7.7	Compensation and Indemnity	25
	Section 7.8	Replacement of Trustee	26
	Section 7.9	Successor Trustee by Merger, Etc.	27
	Section 7.10	Eligibility; Disqualification	27
	Section 7.11	Referential Collection of Claims Against Company	27
	 	 
	Article VIII       SATISFACTION
    AND DISCHARGE; DEFEASANCE	27
	Section 8.1	Satisfaction and Discharge of Indenture	27
	Section 8.2	Application of Trust Funds; Indemnification	28
	Section 8.3	Legal Defeasance of Securities of any Series	29
	Section 8.4	Covenant Defeasance	30
	Section 8.5	Repayment to Company	31
	 	 
	Article IX       AMENDMENTS AND
    WAIVERS	31
	Section 9.1	Without Consent of Holders	31
	Section 9.2	With Consent of Holders	32
	Section 9.3	Limitations	32
	Section 9.4	Compliance with Trust Indenture Act	33
	Section 9.5	Revocation and Effect of Consents	33
	Section 9.6	Notation on or Exchange of Securities	33
	Section 9.7	Trustee Protected	33
	 	 
	Article X       MISCELLANEOUS	34
	Section 10.1	Trust Indenture Act Controls	34

 

    	 	ii	 

     

    

 

	Section 10.2	Notices	34
	Section 10.3	Communication by Holders with Other Holders	35
	Section 10.4	Certificate and Opinion as to Conditions Precedent	35
	Section 10.5	Statements Required in Certificate or Opinion	35
	Section 10.6	Rules by Trustee and Agents	35
	Section 10.7	Legal Holidays	35
	Section 10.8	No Recourse Against Others	35
	Section 10.9	Counterparts	36
	Section 10.10	Governing Laws	36
	Section 10.11	No Adverse Interpretation of Other Agreements	36
	Section 10.12	Successors	36
	Section 10.13	Severability	36
	Section 10.14	Table of Contents, Headings, Etc.	36
	Section 10.15	Force Majeure	36
	Section 10.16	U.S.A. PATRIOT Act	37
	Section 10.17	Separability Clause; Entire Agreement	37
	 	 
	Article XI       SINKING FUNDS	37
	Section 11.1	Applicability of Article	37
	Section 11.2	Satisfaction of Sinking Fund Payments with Securities	37
	Section 11.3	Redemption of Securities for Sinking Fund	38
	 	 
	Article XII       SUBORDINATION
    OF SECURITIES	38
	Section 12.1	Agreement of Subordination	38
	Section 12.2	Payments to Holders	38
	Section 12.3	Subrogation of Securities	40
	Section 12.4	Authorization to Effect Subordination	41
	Section 12.5	Notice to Trustee	41
	Section 12.6	Trustee’s Relation to Senior Indebtedness	42
	Section 12.7	No Impairment of Subordination	42
	Section 12.8	Article Applicable to Paying Agents	42
	Section 12.9	Senior Indebtedness Entitled to Rely	43

 

    	 	iii	 

     

    

 

CROSS REFERENCE
TABLE

 

	Trust Indenture	 	 	Indenture
	Act Section	 	 	Section
	Section 310	 	(a)(1)	7.10
	 	 	(a)(2)	7.10
	 	 	(a)(3)	N/A
	 	 	(a)(4)	N/A
	 	 	(a)(5)	7.10
	 	 	(b)	7.10
	Section 311	 	(a)	7.11
	 	 	(b)	7.11
	 	 	(c)	N/A
	Section 312	 	(a)	2.6
	 	 	(b)	10.3
	 	 	(c)	10.3
	Section 313	 	(a)	7.6
	 	 	(b)(1)	7.6
	 	 	(b)(2)	7.6
	 	 	(c)(1)	7.6
	 	 	(d)	7.6
	Section 314	 	(a)	4.2, 10.5
	 	 	(b)	N/A
	 	 	(c)(1)	10.4
	 	 	(c)(2)	10.4
	 	 	(c)(3)	N/A
	 	 	(d)	N/A
	 	 	(e)	10.5
	 	 	(f)	N/A
	Section 315	 	(a)	7.1
	 	 	(b)	7.5
	 	 	(c)	7.1
	 	 	(d)	7.1
	 	 	(e)	6.14
	Section 316	 	(a)	2.10
	 	 	(a)(1)(A)	6.12
	 	 	(a)(1)(B)	6.13
	 	 	(b)	6.8
	Section 317	 	(a)(1)	6.3
	 	 	(a)(2)	6.4
	 	 	(b)	2.5
	Section 318	 	(a)	10.1

 

* This Cross Reference Table shall not, for any purpose, be
deemed to be part of this Indenture.

 

    	 	iv	 

     

    

 

This SUBORDINATED
INDENTURE, dated as of August 25, 2020, is made by and between SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC.,
a Virginia corporation (the “Company”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national
banking association, not in its individual capacity but solely as trustee (the “Trustee”).

 

Each party agrees
as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued under
this Indenture:

 

Article I

DEFINITIONS
AND INCORPORATION BY REFERENCE

 

Section 1.1     Definitions.

 

“Additional
Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified herein
or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are
owing to such Holders.

 

“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” (including, with correlative
meanings, the terms “controlled by” and “under common control with”), as used with respect to any person,
shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies
of such person, whether through the ownership of voting securities or by agreement or otherwise.

 

“Agent”
means any Registrar, Paying Agent or Service Agent.

 

“Board of
Directors” means the Board of Directors of the Company or any duly authorized committee thereof.

 

“Board Resolution”
means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been adopted by the Board
of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate
and delivered to the Trustee.

 

“Business
Day” means, unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture hereto
for a particular Series, any day except a Saturday, Sunday, a legal holiday or any other day on which banking institutions in
the City of New York, New York, any Place of Payment, or the city in which the Corporate Trust Office is located, are authorized
or required by law, regulation or executive order to close.

 

“Capital
Stock” means any and all shares, interests, participations, rights or other equivalents (however designated) of corporate
stock.

 

“Company”
means the party named as such above until a successor replaces it and thereafter means the successor.

 

“Company
Order” means a written order signed in the name of the Company by two Officers, one of whom must be the Company’s
principal executive officer, principal financial officer or principal accounting officer.

 

     

     

    

 

“Company
Request” means a written request signed in the name of the Company by its Chief Executive Officer, the President or
a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the
Trustee.

 

“Corporate
Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall be
principally administered, which office at the date hereof is located at Rodney Square North, 1100 North Market Street, Wilmington,
DE 19890, Attention: Southern National Bancorp of Virginia, Inc. Administrator, or such other address as the Trustee may
designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor
Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company).

 

“Default”
means any event which is, or after notice or passage of time or both would be, an Event of Default.

 

“Depository”
means, with respect to the Securities of any Series issuable or issued in whole or in part in the form of one or more Global
Securities, the person designated as Depository for such Series by the Company, which Depository shall be a clearing agency
registered under the Exchange Act; and if at any time there is more than one such person, “Depository” as used with
respect to the Securities of any Series shall mean the Depository with respect to the Securities of such Series.

 

“Designated
Senior Indebtedness” means any of the Company’s Senior Indebtedness that expressly provides that it is “designated
senior indebtedness” for purposes of this Indenture (provided that the instrument, agreement or other document creating
or evidencing such Senior Indebtedness may place limitations and conditions on the right of such Senior Indebtedness to exercise
the rights of Designated Senior Indebtedness).

 

“Discount
Security” means any Security that provides for an amount less than the stated principal amount thereof to be due and
payable upon declaration of acceleration of the Stated Maturity thereof pursuant to Section 6.2.

 

“Dollars”
and “$” means the currency of the United States of America.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“GAAP”
means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting
Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of
the accounting profession, which are in effect as of the date of determination.

 

“Global Security”
or “Global Securities” means a Security or Securities, as the case may be, in the form established pursuant
to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depository for such Series or its
nominee, and registered in the name of such Depository or nominee.

 

“Holder”
or “Securityholder” means a person in whose name a Security is registered.

 

    	 	2	 

     

    

 

“Indebtedness”
means, with respect to any person, and without duplication, (a) all indebtedness, obligations and other liabilities (contingent
or otherwise) of such person for borrowed money (including obligations of the Company in respect of overdrafts, foreign exchange
contracts, currency exchange agreements, interest rate protection agreements, and any loans or advances from banks, whether or
not evidenced by notes or similar instruments) or evidenced by bonds, debentures, notes or similar instruments (whether or not
the recourse of the lender is to the whole of the assets of such person or to only a portion thereof) (other than any account
payable or other accrued current liability or obligation incurred in the ordinary course of business in connection with the obtaining
of materials or services), (b) all reimbursement obligations and other liabilities (contingent or otherwise) of such person
with respect to letters of credit, bank guarantees or bankers’ acceptances, (c) all obligations and liabilities (contingent
or otherwise) in respect of leases of such person required, in conformity with generally accepted accounting principles, to be
accounted for as capitalized lease obligations on the balance sheet of such person and all obligations and other liabilities (contingent
or otherwise) under any lease or related document (including a purchase agreement) in connection with the lease of real property
which provides that such person is contractually obligated to purchase or cause a third party to purchase the leased property
and thereby guarantee a minimum residual value of the leased property to the lessor and the obligations of such person under such
lease or related document to purchase or to cause a third party to purchase such leased property, (d) all obligations of
such person (contingent or otherwise) with respect to an interest rate or other swap, cap or collar agreement or other similar
instrument or agreement or foreign currency hedge, exchange, purchase or similar instrument or agreement, (e) all direct
or indirect guaranties or similar agreements by such person in respect of, and obligations or liabilities (contingent or otherwise)
of such person to purchase or otherwise acquire or otherwise assure a creditor against loss in respect of indebtedness, obligations
or liabilities of another person of the kind described in clauses (a) through (d), (f) any indebtedness or other obligations
described in clauses (a) through (e) secured by any mortgage, pledge, lien or other encumbrance existing on property
which is owned or held by such person, regardless of whether the indebtedness or other obligation secured thereby shall have been
assumed by such person and (g) any and all refinancings, replacements, deferrals, renewals, extensions and refundings of,
or amendments, modifications or supplements to, any indebtedness, obligation or liability of the kind described in clauses (a) through
(f).

 

“Indenture”
means this Subordinated Indenture as amended or supplemented from time to time and shall include the form and terms of particular
Series of Securities established as contemplated hereunder.

 

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

 

“Maturity,”
when used with respect to any Security or installment of principal thereof, means the date on which the principal of such Security
or such 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.

 

“Officer”
means the Chief Executive Officer, the President, any Vice President, the Treasurer, the Secretary, any Assistant Treasurer or
any Assistant Secretary of the Company.

 

“Officers’
Certificate” means a certificate signed by two Officers, one of whom must be the Company’s principal executive
officer, principal financial officer or principal accounting officer.

 

“Opinion
of Counsel” means a written opinion of legal counsel who is reasonably acceptable to the Trustee. The counsel may be
an employee of or counsel to the Company or outside counsel designated by the Corporation, rendered, if applicable, in
accordance with Section 314(c) of the Trust Indenture Act.

 

“person”
means any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock company, trust,
unincorporated organization or government or any agency or political subdivision thereof.

 

    	 	3	 

     

    

 

“Place of
Payment”, when used with respect to the Securities of or within any Series, means the place or places where the principal
of (and premium, if any) and interest, if any, on such Securities are payable as specified and as contemplated by Section 2.1.

 

“principal”
or “principal amount” of a Security means the principal amount of the Security plus, when appropriate, the
premium, if any, on, and any Additional Amounts in respect of, the Security.

 

“Representative”
means the (a) indenture trustee or other trustee, agent or representative for any Senior Indebtedness or (b) with respect
to any Senior Indebtedness that does not have any such trustee, agent or other representative, (i) in the case of such Senior
Indebtedness issued pursuant to an agreement providing for voting arrangements as among the holders or owners of such Senior Indebtedness,
any holder or owner of such Senior Indebtedness acting with the consent of the required persons necessary to bind such holders
or owners of such Senior Indebtedness and (ii) in the case of all other such Senior Indebtedness, the holder or owner of
such Senior Indebtedness.

 

“Responsible
Officer” means any officer of the Trustee in its Corporate Trust Office and also means, with respect to a particular
corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and
familiarity with a particular subject, in each case, who has direct responsibility for the administration of this Indenture.

 

“SEC”
means the Securities and Exchange Commission.

 

“Securities”
means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered under this
Indenture.

 

“Senior Indebtedness”
means the principal, premium, if any, interest, including any interest accruing after bankruptcy, Additional Amounts, if any,
and rent or termination payment on or other amounts due on the Company’s current or future Indebtedness, whether created,
incurred, assumed, guaranteed or in effect guaranteed by the Company, including any deferrals, renewals, extensions, refundings,
amendments, modifications or supplements to the above. However, Senior Indebtedness does not include: (i) Indebtedness that
expressly provides that it shall not be senior in right of payment to the Securities or expressly provides that it is on the same
basis or junior in right of payment to the Securities; (ii) the Company’s Indebtedness to any of the Company’s
Subsidiaries; and (iii) the Securities.

 

“Series”
or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company
created pursuant to Sections 2.1 and 2.2.

 

“Stated Maturity”
when used with respect to 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.

 

“Subsidiary”
of any specified person means any corporation, association or other business entity of which more than 50% of the total voting
power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors,
managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such person or one or more of the
other Subsidiaries of that person or a combination thereof.

 

“TIA”
means the Trust Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbbb) as in effect on the date of this Indenture; provided,
however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the
extent required by any such amendment, the Trust Indenture Act as so amended.

 

    	 	4	 

     

    

 

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

 

“U.S. Government
Obligations” means securities which are (a) direct obligations of the United States of America for the payment
of which its full faith and credit is pledged or (b) obligations of a person controlled or supervised by and acting as an
agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and
credit obligation by the United States of America, and which in the case of clauses (a) and (b) are not callable or
redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company
as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such
U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except
as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository
receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such depository receipt.

 

Section 1.2     Other
Definitions.

 

	Term	Defined
    in Section
	“Bankruptcy Law”	6.1
	“Custodian”	6.1
	“Event of Default”	6.1
	“Legal Holiday”	10.7
	“mandatory sinking fund payment”	11.1
	“optional sinking fund payment”	11.1
	“Paying Agent”	2.4
	“Payment Blockage Notice”	12.2
	“Registrar”	2.4
	“Service Agent”	2.4
	“successor person”	5.1

 

Section 1.3     Incorporation
by Reference of Trust Indenture Act. Whenever this Indenture refers to a provision of the TIA, the provision is incorporated
by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have the following meanings:

 

“Commission”
means the SEC.

 

“indenture securities”
means the Securities.

 

“indenture security
holder” means a Securityholder.

 

“indenture to
be qualified” means this Indenture.

 

“indenture trustee”
or “institutional trustee” means the Trustee.

 

“obligor”
on the indenture securities means the Company and any successor obligor upon the Securities.

 

    	 	5	 

     

    

 

All other terms used
in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the
TIA and not otherwise defined herein are used herein as so defined.

 

Section 1.4     Rules of
Construction. Unless the context otherwise requires:

 

		(a)	a term has the meaning assigned
                                         to it;

 

		(b)	an accounting term not otherwise
                                         defined has the meaning assigned to it in accordance with generally accepted accounting
                                         principles;

 

		(c)	references to “generally
                                         accepted accounting principles” and “GAAP” shall mean generally accepted
                                         accounting principles, consistently applied, in effect as of the time when and for the
                                         period as to which such accounting principles are to be applied;

 

		(d)	“or” is not exclusive;

 

		(e)	words in the singular include the
                                         plural, and in the plural include the singular; and

 

		(f)	provisions apply to successive
                                         events and transactions.

 

Article II

THE
SECURITIES

 

Section 2.1     Issuable
in Series. The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited.
The Securities may be issued in one or more Series. All Securities of a Series shall be identical except as may be set forth
or determined in the manner provided in a Board Resolution, supplemental indenture or Officers’ Certificate detailing the
adoption of the terms thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to
be issued from time to time, the Board Resolution, Officers’ Certificate or supplemental indenture detailing the adoption
of the terms thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms
(such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities
may differ between Series in respect of any matters; provided that all Series of Securities shall be equally
and ratably entitled to the benefits of this Indenture, but all Securities issued hereunder shall be subordinate and junior in
right of payment, to the extent and in the manner set forth in Article XII, to all Senior Indebtedness of the Company.

 

Section 2.2     Establishment
of Terms of Series of Securities. At or prior to the issuance of any Securities within a Series, the following shall
be established (as to the Series generally, in the case of Section 2.2(a) and either as to such Securities within
the Series or as to the Series generally, in the case of Sections 2.2(b) through 2.2(q)) by or pursuant to a Board
Resolution, and set forth or determined in the manner provided in a Board Resolution, supplemental indenture or an Officers’
Certificate:

 

		(a)	the title of the Series (which
                                         shall distinguish the Securities of that particular Series from the Securities of
                                         any other Series);

 

		(b)	the price or prices (expressed
                                         as a percentage of the principal amount thereof) at which the Securities of the Series will
                                         be issued;

 

		(c)	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 2.7, 2.8, 2.11, 3.6 or 9.6);

 

    	 	6	 

     

    

 

		(d)	the date or dates on which the
                                         principal of the Securities of the Series is payable;

 

		(e)	the rate or rates (which may be
                                         fixed or variable) per annum or, if applicable, the method used to determine such rate
                                         or rates (including, but not limited to, any commodity, commodity index, stock exchange
                                         index or financial index) at which the Securities of the Series shall bear interest,
                                         if any, the date or dates from which such interest, if any, shall accrue, the date or
                                         dates on which such interest, if any, shall commence and be payable and any regular record
                                         date for the interest payable on any interest payment date;

 

		(f)	the Place of Payment where the
                                         principal of and interest, if any, on the Securities of the Series shall be payable,
                                         where the Securities of such 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 such Series and this Indenture may be served, and the method of such payment,
                                         if by wire transfer, mail or other means;

 

		(g)	if applicable, the period or periods
                                         within which, the price or prices at which and the terms and conditions upon which the
                                         Securities of the Series may be redeemed, in whole or in part, at the option of
                                         the Company;

 

		(h)	the obligation, if any, of the
                                         Company to redeem or purchase the Securities of the Series pursuant to any sinking
                                         fund or analogous provisions 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 or purchased, in whole or in part, pursuant to such
                                         obligation;

 

		(i)	the dates, if any, on which and
                                         the price or prices at which the Securities of the Series will be repurchased by
                                         the Company at the option of the Holders thereof and other detailed terms and provisions
                                         of such repurchase obligations;

 

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

 

		(k)	the forms of the Securities of
                                         the Series in fully registered form (and whether the Securities will be issuable
                                         as Global Securities);

 

		(l)	if other than the entire principal
                                         amount thereof, the portion of the principal amount of the Securities of the Series that
                                         shall be payable upon declaration of acceleration of the maturity thereof pursuant to
                                         Section 6.2;

 

		(m)	the provisions, if any, relating
                                         to any lien, security or encumbrance provided for the Securities of the Series;

 

		(n)	any addition to or change in the
                                         Events of Default which applies to any Securities of the Series and any change in
                                         the right of the Trustee or the requisite Holders of such Securities to declare the principal
                                         amount thereof due and payable pursuant to Section 6.2;

 

		(o)	any addition to or change in the
                                         covenants set forth in Article IV or V which applies to Securities of the Series;

 

    	 	7	 

     

    

 

		(p)	any other terms of the Securities
                                         of the Series (which may modify or delete any provision of this Indenture insofar
                                         as it applies to such Series); and

 

		(q)	any depositories, interest rate
                                         calculation agents, exchange rate calculation agents or other agents with respect to
                                         Securities of such Series if other than those appointed herein.

 

All Securities of
any one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this
Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officers’ Certificate
referred to above, and the authorized principal amount of any Series may not be increased to provide for issuances of additional
Securities of such Series, unless otherwise provided in such Board Resolution, supplemental indenture or Officers’ Certificate.

 

Section 2.3     Execution
and Authentication.

 

Two Officers shall
sign the Securities for the Company by manual, facsimile signature or electronic signature. Unless otherwise provided herein or
in any other Securities, the words “execute”, “execution”, “signed”, and “signature”
and words of similar import used in or related to any document to be signed in connection with this Indenture, any other Securities
or any of the transactions contemplated hereby (including amendments, waivers, consents and other modifications) shall be deemed
to include electronic signatures and the keeping of records in electronic form, each of which shall be of the same legal effect,
validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as applicable,
to the fullest extent and as provided for in any Applicable Law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, and any other similar state laws based on the Uniform
Electronic Transactions Act, provided that, notwithstanding anything herein to the contrary, the Trustee is not under any obligation
to agree to accept electronic signatures in any form or in any format unless expressly agreed to by such Trustee pursuant to procedures
approved by such Trustee.

 

If an Officer whose
signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall nevertheless
be valid.

 

A Security shall not
be valid until authenticated by the manual signature of the Trustee or an authenticating agent. Such a signature shall be conclusive
evidence that the Security has been authenticated under this Indenture.

 

The Trustee shall
at any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution,
supplemental indenture hereto or Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order
may authorize authentication and delivery pursuant to oral or electronic instructions from the Company or its duly authorized
agent or agents, which oral instructions shall be promptly confirmed in writing. Each Security shall be dated the date of its
authentication unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate.

 

The aggregate principal
amount of Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal amount for
such Series set forth in the Board Resolution, supplemental indenture hereto or Officers’ Certificate delivered pursuant
to Section 2.2, except as provided in Section 2.8.

 

Prior to the issuance
of Securities of any Series, the Trustee shall have received and (subject to Section 7.2) shall be fully protected in relying
on: (a) the Board Resolution, supplemental indenture hereto or Officers’ Certificate establishing the form of the Securities
of that Series or of Securities within that Series and the terms of the Securities of that Series or of Securities
within that Series, (b) an Officers’ Certificate complying with Section 10.4, and (c) an Opinion of Counsel
complying with Section 10.4.

 

    	 	8	 

     

    

 

The Trustee shall
have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised by
counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith shall determine that
such action would expose the Trustee to personal liability.

 

The Trustee may appoint
an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities
whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such
agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the Company.

 

Section 2.4     Registrar
and Paying Agent. The Company shall maintain, with respect to each Series of Securities, at the Place of Payment specified
with respect to such Series pursuant to Section 2.2, an office or agency where Securities of such Series may be
presented or surrendered for payment (the “Paying Agent”), where Securities of such Series may be surrendered
for registration of transfer or exchange (the “Registrar”) and where notices and demands (other than service
of process) to or upon the Company in respect of the Securities of such Series and this Indenture may be served (the “Service
Agent”). The Registrar shall keep a register with respect to each Series of Securities and to their transfer and
exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address,
of each Registrar, Paying Agent or Service Agent. If at any time the Company shall fail to maintain any such required Registrar,
Paying Agent or Service Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders,
notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee
as its agent to receive all such presentations, surrenders, notices and demands (other than any service of process).

 

The Company may also
from time to time designate one or more co-registrars, additional paying agents or additional service agents 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 obligations to maintain a Registrar, Paying Agent and Service Agent in each place so specified pursuant
to Section 2.2 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 name or address of any such co-registrar, additional paying agent
or additional service agent. The term “Registrar” includes any co-registrar; the term “Paying Agent” includes
any additional paying agent; and the term “Service Agent” includes any additional service agent.

 

The Company hereby
appoints the Trustee as the initial Registrar, Paying Agent and Service Agent for each Series unless another Registrar, Paying
Agent or Service Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued.

 

Section 2.5     Paying
Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee) to hold in trust, for the
benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment
of principal of or interest on the Series of Securities, and will notify the Trustee in writing of any default by the Company
in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by
it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment
over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability
for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold in a separate trust
fund for the benefit of Securityholders of any Series of Securities all money held by it as Paying Agent.

 

    	 	9	 

     

    

 

Section 2.6     Securityholder
Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of
the names and addresses of Securityholders of each Series of Securities and shall otherwise comply with TIA Section 312(a).
If the Trustee is not the Registrar, the Company shall furnish to the Trustee at such times as the Trustee may request in writing
a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Securityholders
of each Series of Securities; provided that no such list need be furnished by the Company to the Trustee so long as the Trustee
is acting as Registrar. The Trustee may destroy any list furnished to it as provided in Section 2.6 upon receipt of a new
list so furnished.

 

Section 2.7     Transfer
and Exchange. Where Securities of a Series are presented to the Registrar or a co-registrar with a request to register
a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the
transfer or make the exchange if its requirements for such transactions are met. To permit registrations of transfers and exchanges,
the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration
of transfer or exchange (except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient
to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or
similar governmental charge payable upon exchanges pursuant to Section 2.11, 3.6 or 9.6).

 

Neither the Company
nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for
the period beginning at the opening of business 15 days immediately preceding the mailing of a notice of redemption of Securities
of that Series selected for redemption and ending at the close of business on the day of such mailing, (b) to register
the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion
being redeemed of any such Securities selected, called or being called for redemption in part, or (c) to register the transfer
of or exchange Securities of any Series between a record date and the relevant payment date.

 

Section 2.8     Mutilated,
Destroyed, Lost and Stolen Securities. If any mutilated Security is surrendered to the Trustee, the Company shall execute
and the Trustee shall authenticate and make available for delivery 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 (a) evidence to their satisfaction of the destruction, loss or theft of any Security
and (b) such security or satisfactory 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 written 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 written request the Trustee shall authenticate and make available
for delivery, 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.

 

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.

 

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.

 

    	 	10	 

     

    

 

Every new Security
of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any
time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and
all other Securities of that Series duly issued hereunder.

 

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 2.9     Outstanding
Securities. The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled
by it, those delivered to it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in
accordance with the provisions hereof and those described in this Section as not outstanding.

 

If a Security is replaced
pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that the replaced
Security is held by a bona fide purchaser.

 

If the Paying Agent
(other than the Company, a Subsidiary of the Company or an Affiliate of the Company) holds on the Maturity of Securities of a
Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease
to be outstanding and interest on them ceases to accrue (to the extent of the Maturity of such Security if less than the entire
principal amount is due and payable on such date of Maturity).

 

A Security does not
cease to be outstanding because the Company or an Affiliate of the Company holds the Security.

 

In determining whether
the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization, direction,
notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such
purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon
a declaration of acceleration of the Maturity thereof pursuant to Section 6.2.

 

Section 2.10     Treasury
Securities. In determining whether the Holders of the required principal amount of Securities of a Series have concurred
in any request, demand, authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company
shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such
request, demand, authorization, direction, notice, consent or waiver, only Securities of a Series that a Responsible Officer
of the Trustee actually knows are so owned shall be so disregarded.

 

Section 2.11     Temporary
Securities. Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate
temporary Securities upon a Company Order. Temporary Securities shall be substantially in the form of definitive Securities but
may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall
prepare and the Trustee upon written request shall authenticate definitive Securities of the same Series and Stated Maturity
in exchange for temporary Securities. Until so exchanged, temporary Securities shall have the same rights under this Indenture
as the definitive Securities.

 

Section 2.12     Cancellation.
All Securities and coupons surrendered for payment, redemption, repayment at the option of the Holder, registration of transfer
or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered
to the Trustee, and any such Securities and coupons and Securities and coupons surrendered directly to the Trustee for any such
purpose shall be promptly cancelled by the Trustee. 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 cancelled by the Trustee. If the
Company shall so acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of
the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation. No
Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as
expressly permitted by this Indenture. Cancelled Securities and coupons held by the Trustee shall be destroyed by the Trustee
in accordance with its customary procedures. The Company by Company Order may direct the Trustee to deliver a certificate of such
destruction to the Company.

 

    	 	11	 

     

    

 

Section 2.13     Defaulted
Interest. If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest,
plus, to the extent permitted by law, any interest payable on the defaulted interest, to the persons who are Securityholders of
the Series on a subsequent special record date. The Company shall fix the record date and payment date. At least 10 days
before the record date, the Company shall mail to the Trustee and to each Securityholder of the Series a notice that states
the record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful
manner.

 

Section 2.14     Global
Securities.

 

		(a)	Terms of Securities. A Board
                                         Resolution, a supplemental indenture hereto or an Officers’ Certificate shall establish
                                         whether the Securities of a Series shall be issued in whole or in part in the form
                                         of one or more Global Securities and the Depository for such Global Security or Securities.

 

		(b)	Transfer and Exchange. Notwithstanding
                                         any provisions to the contrary contained in Section 2.7 and in addition thereto,
                                         any Global Security shall be exchangeable pursuant to Section 2.7 for Securities
                                         registered in the names of Holders other than the Depository for such Security or its
                                         nominee only if (i) such Depository notifies the Company that it is unwilling or
                                         unable to continue as Depository for such Global Security or if at any time such Depository
                                         ceases to be a clearing agency registered under the Exchange Act, and, in either case,
                                         the Company fails to appoint a successor Depository registered as a clearing agency under
                                         the Exchange Act within 90 days of such event, (ii) the Company executes and delivers
                                         to the Trustee an Officers’ Certificate to the effect that such Global Security
                                         shall be so exchangeable or (iii) an Event of Default with respect to the Securities
                                         represented by such Global Security shall have happened and be continuing. Any Global
                                         Security that is exchangeable pursuant to the preceding sentence shall be exchangeable
                                         for Securities registered in such names as the Depository shall direct in writing in
                                         an aggregate principal amount equal to the principal amount of the Global Security with
                                         like tenor and terms.

 

Except as provided in this Section 2.14(b),
a Global Security may not be transferred except as a whole by the Depository with respect to such Global Security to a nominee
of such Depository, by a nominee of such Depository to such Depository or another nominee of such Depository or by the Depository
or any such nominee to a successor Depository or a nominee of such a successor Depository.

 

    	 	12	 

     

    

 

		(c)	Legend. Any Global Security
                                         issued 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 the Depository or a nominee
of the Depository. This Security is exchangeable for Securities registered in the name of a person other than the Depository or
its nominee only in the limited circumstances described in the Indenture, and may not be transferred except as a whole by the
Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or another nominee of the Depository
or by the Depository or any such nominee to a successor Depository or a nominee of such a successor Depository.”

 

		(d)	Acts of Holders. The Depository,
                                         as a Holder, may appoint agents and otherwise authorize participants to give or take
                                         any request, demand, authorization, direction, notice, consent, waiver or other action
                                         which a Holder is entitled to give or take under this Indenture.

 

		(e)	Payments. Notwithstanding
                                         the other provisions of this Indenture, unless otherwise specified as contemplated by
                                         Section 2.2, payment of the principal of and interest, if any, on any Global Security
                                         shall be made to the Holder thereof.

 

		(f)	Consents, Declaration and Directions.
                                         Except as provided in Section 2.14(e), the Company, the Trustee and any Agent shall
                                         treat a person as the Holder of such principal amount of outstanding Securities of such
                                         Series represented by a Global Security as shall be specified in a written statement
                                         of the Depository with respect to such Global Security, for purposes of obtaining any
                                         consents, declarations, waivers or directions required to be given by the Holders pursuant
                                         to this Indenture.

 

Section 2.15     CUSIP
Numbers. The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so,
the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any
such notice may state that no representation is made as to the correctness of such 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 elements of identification printed
on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers.

 

Article III

REDEMPTION

 

Section 3.1     Notice
to Trustee. The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of
Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof
at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company
wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to
the terms of such Securities, it shall notify the Trustee in writing of the redemption date and the principal amount of Series of
Securities to be redeemed. The Company shall give the notice at least 45 days before the redemption date (or such shorter notice
as may be acceptable to the Trustee).

 

Section 3.2     Selection
of Securities to be Redeemed. Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental
indenture or an Officers’ Certificate, if less than all the Securities of any Series issued on the same day with the
same terms are to be redeemed, the particular Securities to be redeemed shall be selected not more than 45 days prior to the redemption
date by the Trustee, from the Outstanding Securities of such Series issued on such date with the same terms not previously
called for redemption, by such method as the Trustee shall deem fair and appropriate, and, in the case of Global Securities, in
accordance with the procedures of the Depository; provided that such method complies with the rules of any national
securities exchange or quotation system on which the Securities are listed (and the Company shall notify the Trustee of any such
listing), and may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities
of that Series or any integral multiple thereof) of the principal amount of Securities of such Series of a denomination
larger than the minimum authorized denomination for Securities of that Series; provided, however, that no such partial
redemption shall reduce the portion of the principal amount of a Security not redeemed to less than the minimum authorized denomination
for Securities of such Series.

 

    	 	13	 

     

    

 

The Trustee shall
promptly notify the Company and the Registrar (if other than itself) 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 Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which
has been or is to be redeemed.

 

Notwithstanding the
foregoing, if any Security to be redeemed is a Global Security then any partial redemption of that Series of Securities will
be made in accordance with the Depository’s applicable procedures among all Holders of such Series of Securities.

 

Section 3.3     Notice
of Redemption. Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto
or an Officers’ Certificate, at least 30 days but not more than 60 days before a redemption date, the Company shall mail
a notice of redemption by first-class mail to each Holder whose Securities are to be redeemed.

 

The notice shall identify
the Securities of the Series to be redeemed and shall state:

 

		(a)	the redemption date;

 

		(b)	the redemption price and accrued
                                         interest, if any, to the redemption date payable as provided;

 

		(c)	the name and address of the Paying
                                         Agent;

 

		(d)	that Securities of the Series called
                                         for redemption must be surrendered to the Paying Agent to collect the redemption price;

 

		(e)	that interest on Securities of
                                         the Series called for redemption ceases to accrue on and after the redemption date;

 

		(f)	the CUSIP number, if any;

 

		(g)	any conditions precedent that must
                                         be satisfied prior to the redemption; and

 

		(h)	any other information as may be
                                         required by the terms of the particular Series or the Securities of a Series being
                                         redeemed.

 

At the Company’s
written request given at least five Business Days prior to the date such notice is given to Holders, the Trustee shall give the
notice of redemption in the Company’s name and at its expense.

 

    	 	14	 

     

    

 

Section 3.4     Effect
of Notice of Redemption. Once notice of redemption is mailed or published as provided in Section 3.3, Securities of a
Series called for redemption become due and payable on the redemption date and at the redemption price, subject to, with
respect to any redemption that is conditioned upon the satisfaction of any conditions precedent, (i) the delay of such redemption
date until such time as any or all of such conditions precedent have been satisfied or (ii) the revocation of such redemption
if the Company determines that such conditions precedent will not be satisfied. Upon surrender to the Paying Agent, such Securities
shall be paid at the redemption price plus accrued interest to, but excluding, the redemption date; provided that 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 at the close of business on the relevant record date therefor according to their
terms and the terms of this Indenture.

 

Section 3.5     Deposit
of Redemption Price. On or before the redemption date, the Company shall deposit with the Paying Agent money sufficient to
pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date.

 

Section 3.6     Securities
Redeemed in Part. Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new
Security of the same Series and the same maturity equal in principal amount to the unredeemed portion of the Security surrendered.

 

Article IV

COVENANTS

 

Section 4.1     Payment
of Principal and Interest. The Company covenants and agrees for the benefit of the Holders of each Series of Securities
that it will duly and punctually pay the principal of and interest, if any, on the Securities of that Series in accordance
with the terms of such Securities and this Indenture.

 

Section 4.2     SEC
Reports. The Company shall deliver to the Trustee within 15 days after it files them with the SEC copies of the annual reports
and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and
regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange
Act. The Company also shall comply with the other provisions of TIA Section 314(a). Delivery of such reports, information
and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive
notice of any information contained therein or determinable from information contained therein, including the Company’s
compliance with any of its covenants hereunder (as to which the Trustee is entitled to conclusively rely exclusively on an Officers’
Certificate).

 

Section 4.3     Compliance
Certificate. The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year of the Company, an
Officers’ Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal
year has been made under the supervision of the signing Officers with a view to determining whether the Company has kept, observed,
performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate,
that to the best of his/her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained
in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof
(or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he may have
knowledge).

 

The Company will,
so long as any of the Securities are outstanding, deliver to the Trustee, forthwith upon becoming aware of any Default or Event
of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or
proposes to take with respect thereto.

 

    	 	15	 

     

    

 

Section 4.4     Stay,
Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist
upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever
enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities
and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants
that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee,
but will suffer and permit the execution of every such power as though no such law has been enacted.

 

Section 4.5     Corporate
Existence. Subject to Article V, the Company will do or cause to be done all things necessary to preserve and keep in
full force and effect its corporate existence and the rights (charter and statutory), licenses and franchises of the Company;
provided, however, that the Company shall not be required to preserve any such right, license or franchise if the
Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the
Company and its Subsidiaries taken as a whole and that the loss thereof is not adverse in any material respect to the Holders.

 

Section 4.6     Taxes.
The Company shall pay prior to delinquency all taxes, assessments and governmental levies, except as contested in good faith and
by appropriate proceedings.

 

Article V

SUCCESSORS

 

Section 5.1     When
Company May Merge, Etc. The Company shall not consolidate with or merge with or into, or convey, transfer or lease all
or substantially all of its properties and assets to, any person (a “successor person”), nor shall the Company permit
any other person to consolidate with or merge into it or convey, transfer or lease all or substantially all of its properties
and assets to it, in either case unless:

 

		(a)	the Company is the surviving corporation
                                         or the successor person (if other than the Company) is a corporation organized and validly
                                         existing under the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s
                                         obligations on the Securities and under this Indenture; and

 

		(b)	immediately after giving effect
                                         to the transaction, and treating any indebtedness that becomes the obligation of the
                                         Company or any of its Subsidiaries as having been incurred at the effective date of such
                                         transaction no Default or Event of Default shall have occurred and be continuing.

 

The Company shall
deliver to the Trustee prior to the consummation of the proposed transaction an Officers’ Certificate to the foregoing effect
and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture.

 

Section 5.2     Successor
Corporation Substituted. Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially
all of the assets of the Company in accordance with Section 5.1, the successor corporation formed by such consolidation or
into or with which the Company is merged or to which such sale, lease, conveyance or other disposition 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 has been named as the Company herein; provided, however, that the predecessor Company in the
case of a sale, conveyance or other disposition (other than a lease) shall be released from all obligations and covenants under
this Indenture and the Securities.

 

    	 	16	 

     

    

 

Article VI

DEFAULTS
AND REMEDIES

 

Section 6.1     Events
of Default. “Event of Default,” wherever used herein with respect to Securities of any Series, means any one of
the following events, unless in the establishing Board Resolution, supplemental indenture or Officers’ Certificate, it is
provided that such Series shall not have the benefit of said Event of Default:

 

		(a)	default in the payment of any interest
                                         on any Security of that Series when it becomes due and payable, and continuance
                                         of such default for a period of 30 days (unless the entire amount of such payment is
                                         deposited by the Company with the Trustee or with a Paying Agent prior to the expiration
                                         of such period of 30 days);

 

		(b)	default in the payment of principal
                                         of any Security of that Series at its Maturity;

 

		(c)	default in the deposit of any sinking
                                         fund payment, when and as due in respect of any Security of that Series;

 

		(d)	default
                                         in the performance or breach of any covenant or warranty of the Company in this Indenture
                                         (other than a covenant or warranty for which the consequences of nonperformance or breach
                                         are addressed elsewhere in this Section 6.1 and other than a covenant or warranty
                                         that has been included in this Indenture solely for the benefit of Series of Securities
                                         other than that Series), which default or breach continues uncured or unwaived
                                         in accordance with the provisions of this Indenture 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 the Holders of not less than 25.0% 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;

 

		(e)	the Company pursuant to or within
                                         the meaning of any Bankruptcy Law:

 

		i.	commences a voluntary case,

 

		ii.	consents to the entry of an order
                                         for relief against it in an involuntary case,

 

		iii.	consents to the appointment of a
                                         Custodian of it or for all or substantially all of its property,

 

		iv.	makes a general assignment for the
                                         benefit of its creditors, or

 

		v.	generally is unable to pay its debts
                                         as the same become due; or

 

		(f)	a court of competent jurisdiction
                                         enters an order or decree under any Bankruptcy Law that:

 

		i.	is for relief against the Company
                                         in an involuntary case,

 

		ii.	appoints a Custodian of the Company
                                         or for all or substantially all of its property, or

 

    	 	17	 

     

    

 

		iii.	orders the liquidation of the Company,
                                         and the order or decree remains unstayed and in effect for 60 days; or

 

		(g)	any other Event of Default provided
                                         with respect to Securities of that Series, which is specified in a Board Resolution,
                                         a supplemental indenture hereto or an Officers’ Certificate, in accordance with
                                         Section 2.2(n).

 

The term “Bankruptcy
Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term “Custodian”
means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

 

Section 6.2     Acceleration
of Maturity; Rescission and Annulment. Except to the extent provided otherwise in the establishing Board Resolution, supplemental
indenture or Officers’ Certificate for such Series, if an Event of Default with respect to Securities of any Series at
the time outstanding occurs and is continuing (other than an Event of Default referred to in Section 6.1(e) or 6.1(f)),
then in every such case the Trustee or the Holders of not less than 25.0% in aggregate principal amount of the outstanding Securities
of that Series may declare the principal amount (or, if any Securities of that Series are Discount Securities, such
portion of the principal amount as may be specified in the terms of such Securities) of and accrued and unpaid interest, if any,
on 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 portion thereof) and accrued and unpaid
interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 6.1(e) or 6.1(f) shall
occur, the principal amount (or portion thereof) of and accrued and unpaid interest, if any, on all outstanding Securities shall
automatically become and be immediately due and payable without any declaration or other act on the part of the Trustee or any
Holder.

 

At any time after
such a declaration of acceleration with respect to 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, the 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 all Events of Default with respect to Securities of that Series, other than the non-payment
of the principal and interest, if any, of Securities of that Series which have become due solely by such declaration of acceleration,
have been cured or waived as provided in Section 6.13.

 

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

 

Section 6.3     Collection
of Indebtedness and Suits for Enforcement by Trustee. The Company covenants that if:

 

		(a)	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,

 

		(b)	default is made in the payment
                                         of principal of any Security at the Maturity thereof, or

 

		(c)	default is made in the deposit
                                         of any sinking fund payment when and as due by the terms of a Security,

 

then, the Company will, upon demand of
the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities
for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue
principal and 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.

 

    	 	18	 

     

    

 

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 deemed
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 any 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 6.4     Trustee
may File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities
or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal
of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether
the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and
empowered, by intervention in such proceeding or otherwise, (a) to file and prove a claim for the whole amount of principal
and interest owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable
in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and (b) to collect and receive
any moneys or other property payable or deliverable on any such claims and to distribute the same, and any custodian, receiver,
assignee, trustee, liquidator, 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 the 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 7.7.

 

Nothing herein contained
shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization,
arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee
to vote in respect of the claim of any Holder in any such proceeding.

 

Section 6.5     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, be for the ratable benefit of the Holders of the Securities
in respect of which such judgment has been recovered.

 

Section 6.6     Application
of Money Collected. Any money collected 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 on account of principal 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:

 

    	 	19	 

     

    

 

First: To the payment
of all amounts due the Trustee under Section 7.7; and

 

Second: To the payment
of the amounts then due and unpaid for principal of 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 interest, respectively; and

 

Third: To the Company.

 

Section 6.7     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 for the appointment of a receiver or trustee, or for any other remedy hereunder, unless:

 

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

 

		(b)	the Holders of not less than 25.0%
                                         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;

 

		(c)	such Holder or Holders have offered
                                         to the Trustee indemnity or security satisfactory to it against the costs, expenses and
                                         liabilities to be incurred in compliance with such request;

 

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

 

		(e)	no direction inconsistent with
                                         such written request has been given to the Trustee during such 60-day period by the 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 such Holders.

 

Section 6.8     Unconditional
Right of Holders to Receive Principal 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 interest, if any,
on such Security on the Stated Maturity or Stated Maturities 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 6.9     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 and in every such case, subject to any determination in such proceeding, the Company, the Trustee and
the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies
of the Trustee and the Holders shall continue as though no such proceeding had been instituted.

 

    	 	20	 

     

    

 

Section 6.10     Rights
and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed,
lost or stolen Securities in Section 2.8, no right or remedy herein conferred upon or reserved to the Trustee or to the 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, to the extent permitted by law,
prevent the concurrent assertion or employment of any other appropriate right or remedy.

 

Section 6.11     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 6.12     Control
by Holders. The Holders of a majority in 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 that:

 

		(a)	the
                                         Trustee shall have the right to decline to follow any such direction if the Trustee,
                                         being advised by counsel, determines that such direction shall be in conflict with any
                                         rule of law or with this Indenture;

 

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

 

		(c)	the Trustee shall have the right to decline to follow any such
                                         direction if the Trustee in good faith shall, by a Responsible Officer of the Trustee,
                                         determine that the proceeding so directed would involve the Trustee in personal liability
                                         or expense for which it is not adequately indemnified, or is unduly prejudicial to the
                                         rights of any other Holder (it being understood that the Trustee does not have an affirmative
                                         duty to ascertain whether or not such actions or forbearances are unduly prejudicial
                                         to such Holders).

 

Section 6.13     Waiver
of Past Defaults. The Holders of not less than a majority in principal amount of the outstanding Securities of any Series may
on behalf of the Holders of all the Securities of such Series waive any past Default hereunder with respect to such Series and
its consequences, except a Default (a) in the payment of the principal of or interest on any Security of such Series (provided,
however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind
an acceleration and its consequences, including any related payment default that resulted from such acceleration) or (b) in
respect of a covenant or provision hereof which 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 6.14     Undertaking
for Costs. All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed
to have agreed, that any court may in its discretion require, 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, the filing by any party
litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable
costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and
good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any
suit instituted by the Company, to any suit instituted by the Trustee, to 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, or to any suit instituted
by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Stated Maturity
or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date).

 

    	 	21	 

     

    

 

Article VII

TRUSTEE

 

Section 7.1     Duties
of Trustee.

 

		(a)	The
                                         Trustee, prior to the occurrence of an Event of Default with respect to the Securities
                                         and after the curing or waiving of all Events of Default which may have occurred, undertakes
                                         to perform such duties and only such duties as are specifically set forth in this Indenture.
                                         If an Event of Default has occurred and is continuing, the Trustee shall exercise the
                                         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 their own affairs.

 

		(b)	Except during the continuance of
                                         an Event of Default:

 

		i.	The Trustee need perform only those
                                         duties that are specifically set forth in this Indenture and no others, and no implied
                                         covenants or obligations shall be read into this Indenture against the Trustee. The Trustee
                                         shall not be liable for any action it takes or omits to take in good faith that it believes
                                         to be authorized or within its rights or powers. The Trustee is not required to give
                                         any bond or surety with respect to the performance of its duties or the exercise of its
                                         powers under this Indenture. The permissive right of the Trustee to take the actions
                                         permitted by this Indenture shall not be construed as an obligation or duty to do so.

 

		ii.	The Trustee may conclusively rely,
                                         as to the truth of the statements and the correctness of the opinions expressed therein,
                                         upon Officers’ Certificates or Opinions of Counsel furnished to the Trustee and
                                         conforming to the requirements of this Indenture; however, in the case of any such Officers’
                                         Certificates or Opinions of Counsel which by any provisions hereof are specifically required
                                         to be furnished to the Trustee, the Trustee shall examine such Officers’ Certificates
                                         and Opinions of Counsel to determine whether or not they conform to the requirements
                                         of this Indenture.

 

		(c)	The Trustee may not be relieved
                                         from liability for its own negligent action, its own negligent failure to act or its
                                         own willful misconduct, except that:

 

		i.	This paragraph does not limit the
                                         effect of paragraph (b) of this Section.

 

		ii.	The Trustee shall not be liable for
                                         any error of judgment made in good faith by a Responsible Officer, unless it is proved
                                         that the Trustee was negligent in ascertaining the pertinent facts.

 

    	 	22	 

     

    

 

		iii.	The Trustee shall not be liable
                                         with respect to any action taken, suffered or omitted to be taken by it with respect
                                         to Securities of any Series in good faith in accordance with the direction of the
                                         Holders of a majority in principal amount of the outstanding Securities of such 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.

 

		(d)	Every provision of this Indenture
                                         that in any way relates to the Trustee is subject to paragraphs (a), (b), (c) and
                                         (g) of this Section.

 

		(e)	The Trustee may refuse to perform
                                         any duty or exercise any right or power at the request or direction of any Holder or
                                         Holders pursuant to this Indenture, unless such Holder or Holders shall have offered
                                         and, if requested, provided to the Trustee security or indemnity satisfactory to the
                                         Trustee in its sole and absolute discretion against any costs, losses, liabilities and
                                         expenses which might be incurred by it in compliance with such request or direction.

 

		(f)	The Trustee shall not be liable
                                         for interest on any money received by it except as the Trustee may agree in writing with
                                         the Company. Money held in trust by the Trustee need not be segregated from other funds
                                         except to the extent required by law.

 

		(g)	No provision of this Indenture
                                         shall require the Trustee to risk its own funds or otherwise incur any financial liability
                                         in the performance of any of its duties, or in the exercise of any of its rights or powers,
                                         if it shall have reasonable grounds for believing that repayment of such funds or satisfactory
                                         indemnity against such risk is not assured to it.

 

		(h)	The Paying Agent, the Registrar
                                         and any authenticating agent shall be entitled to the protections, immunities and standard
                                         of care as are set forth in paragraphs (b) and (c) of this Section with
                                         respect to the Trustee.

 

Section 7.2     Rights
of Trustee.

 

		(a)	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, judgment, approval,
                                         bond, debenture, note, coupon, 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 person,
                                         not only as to due execution, validity and effectiveness, but also as to the truth and
                                         accuracy of any information contained therein. The Trustee need not investigate any fact
                                         or matter stated in the document.

 

		(b)	Before the Trustee acts or refrains
                                         from acting, it may require an Officers’ Certificate, an Opinion of Counsel, or
                                         both. The Trustee shall not be liable for any action it takes or omits to take in good
                                         faith in reliance on such Officers’ Certificate and/or Opinion of Counsel.

 

		(c)	The Trustee may act through agents
                                         and shall not be responsible for the misconduct or negligence of any agent appointed
                                         with due care. No Depository shall be deemed an agent of the Trustee and the Trustee
                                         shall not be responsible for any act or omission by any Depository.

 

    	 	23	 

     

    

 

		(d)	The Trustee shall not be liable
                                         for any action it takes or omits to take in good faith which it believes to be authorized
                                         or within its rights or powers, provided that the Trustee’s conduct does not constitute
                                         negligence or willful misconduct.

 

		(e)	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 of Securities 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.

 

		(f)	The Trustee may consult with counsel
                                         of its selection and the 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 without negligence and in good faith and in reliance thereon.

 

		(g)	The Trustee may conclusively rely
                                         upon and 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 make such further inquiry
                                         or investigation into such facts or matters as it may see fit.

 

		(h)	The Trustee shall not be deemed
                                         to have notice of any Default or Event of Default unless a Responsible Officer of the
                                         Trustee has actual knowledge thereof or unless written notice of any event which is in
                                         fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee,
                                         and such notice references the Securities generally or the Securities of a particular
                                         Series and this Indenture.

 

		(i)	Delivery of reports, information
                                         and documents (including, without limitation, reports contemplated in this Section) to
                                         the Trustee is for information purposes only, and the Trustee’s receipts thereof
                                         shall not constitute actual or constructive notice of any information contained therein
                                         or determinable from information contained therein, including the Company’s compliance
                                         with covenants under this Indenture, Securities, and guarantees (if any), as to which
                                         the Trustee is entitled to rely exclusively on Officers’ Certificates.

 

		(j)	The Trustee shall have no responsibility
                                         for monitoring the Company’s compliance with any of its covenants under this Indenture.

 

		(k)	The Trustee shall not be responsible
                                         or liable for punitive, special, indirect, incidental or consequential loss or damage
                                         of any kind whatsoever (including, but not limited to, loss of profit) irrespective of
                                         whether the Trustee has been advised of the likelihood of such loss or damage and regardless
                                         of the form of actions.

 

		(l)	Any permissive right of the Trustee
                                         to take or refrain from taking actions enumerated in this Indenture shall not be construed
                                         as a duty.

 

		(m)	The Trustee shall not be responsible
                                         or liable for any failure or delay in the performance of its obligations under this Indenture
                                         arising out of or caused, directly or indirectly, by circumstances beyond its reasonable
                                         control, including, without limitation, acts of God; earthquakes; fires; floods; terrorism;
                                         wars; civil or military disturbances; sabotage; epidemics; riots; interruptions; loss
                                         or malfunction of utilities, computer (hardware or software) or communication services;
                                         accidents; labor disputes; acts of civil or military authorities and governmental actions;
                                         or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication
                                         facility.

 

    	 	24	 

     

    

 

		(n)	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.

 

Section 7.3     Individual
Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may
otherwise deal with the Company or an Affiliate of the Company with the same rights it would have if it were not Trustee. Any
Agent may do the same with like rights. The Trustee is also subject to Sections 7.10 and 7.11.

 

Section 7.4     Trustee’s
Disclaimer. The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall
not be accountable for the Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement
in the Securities other than its authentication. In accepting the trust hereby created, the Trustee acts solely as Trustee under
this Indenture and not in its individual capacity and all persons, including without limitation the Holders of Securities and
the Company having any claim against the Trustee arising from this Indenture shall look only to the funds and accounts held by
the Trustee hereunder for payment except as otherwise provided herein.

 

Section 7.5     Notice
of Defaults. If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and
if it is known to a Responsible Officer of the Trustee, the Trustee shall mail to each Securityholder of the Securities of that
Series notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of
the Trustee has knowledge of such Default or Event of Default. Except in the case of a Default or Event of Default in payment
of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as it in good faith
determines that withholding the notice is in the interests of Securityholders of that Series.

 

Section 7.6     Reports
by Trustee to Holders. Within 60 days after August 15 in each year beginning with the August 15 following the date
of this Indenture and for so long as the Securities remain outstanding, the Trustee shall transmit by mail to all Securityholders,
as their names and addresses appear on the register kept by the Registrar, a brief report dated as of such August 15, in
accordance with, and to the extent required under, TIA Section 313.

 

A copy of each report
at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each stock exchange, if any,
on which the Securities of that Series are listed. The Company shall promptly notify the Trustee when Securities of any Series are
listed on any stock exchange.

 

Section 7.7     Compensation
and Indemnity. The Company shall pay to the Trustee from time to time compensation for its services hereunder as the Company
and the Trustee shall from time to time agree upon in writing. The Trustee’s compensation shall not be limited by any law
on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable expenses,
disbursements and advances incurred by it in connection with the performance of its duties under this Indenture. Such expenses
shall include the reasonable compensation and expenses of the Trustee’s agents and counsel.

 

    	 	25	 

     

    

 

The Company shall
indemnify each of the Trustee and any predecessor Trustee for and hold it harmless, (including the cost of defending itself) against
any and all loss, liability, action, damage, claim, suit or expense (including attorneys’ fees and expenses, and including
other than taxes based upon, measured by or determined by the income of the Trustee), including without limitation the costs and
expenses of defending itself against any third-party claim (whether asserted by any Holder or any other person), without its own
negligence or willful misconduct, as shall have been finally adjudicated by a court of competent jurisdiction, arising out of
or in connection with its acceptance or administration of the trust or trusts hereunder, including the performance of its duties
or the exercise of its powers hereunder and including the enforcement of this Agreement (including, without limitation, this Section 7.7).
With respect to any such claim other than a claim brought by the Company, (i) the Trustee shall notify the Company promptly
of any claim for which it may seek indemnity, (ii) the Company may at its option defend the claim, in which event the Trustee
shall cooperate in the defense and the Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses
of such counsel and (iii) the Company need not pay for any settlement made without its consent, which consent shall not be
unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee.

 

To secure the Company’s
payment obligations in this Section, the Trustee shall have a lien prior to the Securities of any Series on all money or
property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities
of that Series.

 

When the Trustee incurs
expenses or renders services after an Event of Default specified in Section 6.1(e) or 6.1(f) occurs, the expenses
and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law.

 

The provisions of
this Section shall survive the resignation or removal of the Trustee and the termination of this Indenture.

 

Section 7.8     Replacement
of Trustee. A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon
the successor Trustee’s acceptance of appointment as provided in this Section.

 

The Trustee may resign
with respect to the Securities of one or more Series by so notifying the Company at least 30 days prior to the date of the
proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee
with respect to that Series by so notifying the Trustee and the Company. The Company may remove the Trustee with respect
to Securities of one or more Series if:

 

		(a)	the Trustee fails to comply with
                                         Section 7.10;

 

		(b)	the Trustee is adjudged a bankrupt
                                         or an insolvent or an order for relief is entered with respect to the Trustee under any
                                         Bankruptcy Law;

 

		(c)	a Custodian or public officer takes
                                         charge of the Trustee or its property; or

 

		(d)	the Trustee becomes incapable of
                                         acting.

 

If the Trustee resigns
or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a successor Trustee.
Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding
Securities may appoint a successor Trustee to replace the successor Trustee appointed by the Company.

 

    	 	26	 

     

    

 

If a successor Trustee
with respect to the Securities of any one or more Series does not take office within 60 days after the retiring Trustee resigns
or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities of
the applicable Series may petition any court of competent jurisdiction for the appointment of a successor Trustee.

 

A successor Trustee
shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately after that, the
retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in
Section 7.7, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have
all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee
under this Indenture. A successor Trustee shall mail a notice of its succession to each Securityholder of each such Series. Notwithstanding
replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 shall continue
for the benefit of the retiring Trustee with respect to expenses and liabilities incurred by it prior to such replacement.

 

Section 7.9     Successor
Trustee by Merger, Etc. Any corporation or other entity 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 or acquiring all or substantially all the corporate trust business of the Trustee (including
the administration of the trust created by this Indenture), 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, or by succession to or acquisition of all or substantially
all of the corporate trust business of, such successor Trustee may adopt such authentication and deliver the Securities so authenticated
with the same effect as if such successor Trustee had itself authenticated such Securities.

 

Section 7.10     Eligibility;
Disqualification. This Indenture shall always have a Trustee who satisfies the requirements of TIA Sections 310(a)(1), 310(a)(2) and
310(a)(5). The Trustee shall always have a combined capital and surplus of at least $25,000,000 as set forth in its most recent
published annual report of condition. The Trustee shall comply with TIA Section 310(b).

 

Section 7.11     Referential
Collection of Claims Against Company. The Trustee is subject to TIA Section 311(a), excluding any creditor relationship
listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to
the extent indicated.

 

Article VIII

SATISFACTION
AND DISCHARGE; DEFEASANCE

 

Section 8.1     Satisfaction
and Discharge of Indenture. This Indenture shall upon Company Order cease to be of further effect (except as hereinafter provided
in this Section 8.1), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction
and discharge of this Indenture, when

 

		(a)	either:

 

		i.	all Securities theretofore authenticated
                                         and delivered (other than Securities that have been destroyed, lost or stolen and that
                                         have been replaced or paid) have been delivered to the Trustee for cancellation; or

 

		ii.	all such Securities not theretofore
                                         delivered to the Trustee for cancellation

 

    	 	27	 

     

    

 

		(1)	have become due and payable, or

 

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

 

(3)            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; or

 

(4)            are
deemed paid and discharged pursuant to Section 8.3, as applicable;

 

and the Company, in the case
of clauses (1), (2) and (3) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds
in trust an amount sufficient for the purpose of paying and discharging the entire indebtedness on such Securities not theretofore
delivered to the Trustee for cancellation, for principal and interest to the date of such deposit (in the case of Securities which
have become due and payable on or prior to the date of such deposit) or to the Stated Maturity or redemption date, as the case
may be;

 

		(b)	the Company has paid or caused
                                         to be paid all other sums payable hereunder by the Company; and

 

		(c)	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 have been complied with.

 

Notwithstanding the
satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.7, and, if money
shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8,
8.1, 8.2 and 8.5 shall survive.

 

Section 8.2     Application
of Trust Funds; Indemnification.

 

		(a)	Subject to the provisions of Section 8.5,
                                         all money deposited with the Trustee pursuant to Section 8.1, all money and U.S.
                                         Government Obligations deposited with the Trustee pursuant to Section 8.3 or 8.4
                                         and all money received by the Trustee in respect of U.S. Government Obligations deposited
                                         with the Trustee pursuant to Section 8.3 or 8.4, 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 (other than the Company acting as
                                         its own Paying Agent) as the Trustee may determine, to the persons entitled thereto,
                                         of the principal and interest for whose payment such money has been deposited with or
                                         received by the Trustee or to make mandatory sinking fund payments or analogous payments
                                         as contemplated by Section 8.3 or 8.4.

 

		(b)	The Company shall pay and shall
                                         indemnify the Trustee against any tax, fee or other charge imposed on or assessed against
                                         U.S. Government Obligations deposited pursuant to Section 8.3 or 8.4 or the interest
                                         and principal received in respect of such obligations other than any payable by or on
                                         behalf of Holders.

 

		(c)	The Trustee shall deliver or pay
                                         to the Company from time to time upon Company Request any U.S. Government Obligations
                                         or money held by it as provided in Section 8.3 or 8.4 which, in the opinion of a
                                         nationally recognized firm of independent certified public accountants expressed in a
                                         written certification thereof delivered to the Trustee, are then in excess of the amount
                                         thereof which then would have been required to be deposited for the purpose for which
                                         such U.S. Government Obligations or money were deposited or received. This provision
                                         shall not authorize the sale by the Trustee of any U.S. Government Obligations held under
                                         this Indenture.

 

    	 	28	 

     

    

 

Section 8.3     Legal
Defeasance of Securities of any Series. Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2(p),
to be inapplicable to Securities of any Series, the Company shall be deemed to have paid and discharged the entire indebtedness
on all the outstanding Securities of any Series on the 90th day after the date of the deposit referred to in subparagraph
(c) hereof, and the provisions of this Indenture, as it relates to such outstanding Securities of such Series, shall no longer
be in effect (and the Trustee, at the expense of the Company, shall, at Company Request, execute proper instruments acknowledging
the same), except as to:

 

		(a)	the rights of Holders of Securities
                                         of such Series to receive, from the trust funds described in subparagraph (c) hereof,
                                         (i) payment of the principal of and each installment of principal of and interest
                                         on the outstanding Securities of such Series on the Stated Maturity of such principal
                                         or installment of principal or interest and (ii) the benefit of any mandatory sinking
                                         fund payments applicable to the Securities of such Series on the day on which such
                                         payments are due and payable in accordance with the terms of this Indenture and the Securities
                                         of such Series;

 

		(b)	the provisions of Sections 2.4,
                                         2.7, 2.8, 8.2, 8.3 and 8.5; and

 

		(c)	the rights, powers, trust and immunities
                                         of the Trustee hereunder; provided that, the following conditions shall have been
                                         satisfied:

 

		i.	the Company shall have deposited or
                                         caused to be irrevocably deposited (except as provided in Section 8.2(c)) 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 the Holders of such Securities,
                                         cash in Dollars and/or U.S. Government Obligations, which through the payment of interest
                                         and principal in respect thereof in accordance with their terms, will provide (and without
                                         reinvestment and assuming no tax liability will be imposed on such Trustee), not later
                                         than one day before the due date of any payment of money, an amount in cash, sufficient,
                                         in the opinion of a regionally recognized firm of independent public accountants expressed
                                         in a written certification thereof delivered to the Trustee, to pay and discharge each
                                         installment of principal of and interest, if any, on and any mandatory sinking fund payments
                                         in respect of all the Securities of such Series on the dates such installments of
                                         interest or principal and such sinking fund payments are due;

 

		ii.	such deposit will not result in a
                                         breach or violation of, or constitute a default under, this Indenture or any other agreement
                                         or instrument to which the Company is a party or by which it is bound;

 

		iii.	no Default or Event of Default with
                                         respect to the Securities of such Series shall have occurred and be continuing on
                                         the date of such deposit or during the period ending on the 90th day after such date;

 

		iv.	the Company shall have delivered
                                         to the Trustee an Officers’ Certificate and an Opinion of Counsel to the effect
                                         that (A) the Company has received from, or there has been published by, the Internal
                                         Revenue Service a ruling, or (B) since the date of execution of this Indenture,
                                         there has been a change in the applicable Federal income tax law, in either case to the
                                         effect that, and based thereon such Opinion of Counsel shall confirm that, the 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 amounts 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;

 

    	 	29	 

     

    

 

		v.	the Company shall have delivered to
                                         the Trustee an Officers’ Certificate stating that the deposit was not made by the
                                         Company with the intent of preferring the Holders of the Securities of such Series over
                                         any other creditors of the Company or with the intent of defeating, hindering, delaying
                                         or defrauding any other creditors of the Company; and

 

		vi.	the Company shall have 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 Section have been complied with.

 

Section 8.4     Covenant
Defeasance. Unless this Section 8.4 is otherwise specified pursuant to Section 2.2(p) to be inapplicable to
Securities of any Series, on and after the 91st day after the date of the deposit referred to in subparagraph (a) hereof,
the Company may omit to comply with respect to the Securities of any Series with any term, provision or condition set forth
under Sections 4.2, 4.3, 4.4, 4.6, and 5.1 as well as any additional covenants specified in a supplemental indenture for such
Series of Securities or a Board Resolution or an Officers’ Certificate delivered pursuant to Section 2.2(p) (and
the failure to comply with any such covenants shall not constitute a Default or Event of Default with respect to such Series under
Section 6.1) and the occurrence of any event specified in a supplemental indenture for such Series of Securities or
a Board Resolution or an Officers’ Certificate delivered pursuant to Section 2.2(n) and designated as an Event
of Default shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series; provided
that the following conditions shall have been satisfied:

 

		(a)	With reference to this Section 8.4,
                                         the Company has deposited or caused to be irrevocably deposited (except as provided in
                                         Section 8.2(c)) 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 the Holders of such Securities, cash in Dollars and/or U.S. Government
                                         Obligations, which through the payment of interest and principal in respect thereof in
                                         accordance with their terms, will provide (and without reinvestment and assuming no tax
                                         liability will be imposed on such Trustee), not later than one day before the due date
                                         of any payment of money, an amount in cash, sufficient, in the opinion of a regionally
                                         recognized firm of independent certified public accountants expressed in a written certification
                                         thereof delivered to the Trustee, to pay and discharge each installment of principal
                                         of and interest, if any, on and any mandatory sinking fund payments in respect of the
                                         Securities of such Series on the dates such installments of interest or principal
                                         and such sinking fund payments are due;

 

		(b)	Such deposit will not result in
                                         a breach or violation of, or constitute a default under, this Indenture or any other
                                         agreement or instrument to which the Company is a party or by which it is bound;

 

    	 	30	 

     

    

 

		(c)	No Default or Event of Default
                                         with respect to the Securities of such Series shall have occurred and be continuing
                                         on the date of such deposit or during the period ending on the 90th day after such date;

 

		(d)	The Company shall have delivered
                                         to the Trustee an Opinion of Counsel to the effect 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 amounts, in the same manner and at the same times as would have been
                                         the case if such deposit and covenant defeasance had not occurred; and

 

		(e)	The Company shall have delivered
                                         to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
                                         that all conditions precedent herein provided for relating to the covenant defeasance
                                         contemplated by this Section have been complied with.

 

Section 8.5     Repayment
to Company. The Trustee and the Paying Agent shall pay to the Company upon request any money held by them for the payment
of principal and interest that remains unclaimed for six months. After that, Securityholders entitled to the money must look to
the Company for payment as general creditors unless an applicable abandoned property law designates another person.

 

Article IX

AMENDMENTS
AND WAIVERS

 

Section 9.1     Without
Consent of Holders. The Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without
the consent of any Securityholder by indentures supplemental hereto:

 

		(a)	to cure any ambiguity, defect or
                                         inconsistency;

 

		(b)	to comply with Article V;

 

		(c)	to evidence the succession of another
                                         corporation to the Company, or successive successions, pursuant to Article XI, and
                                         the assumption by the successor corporation of the covenants, agreements and obligations
                                         of the Company herein and in the Securities;

 

		(d)	to add to the covenants of the
                                         Company such further covenants, restrictions, conditions or provisions as its Board of
                                         Directors shall consider to be for the protection of the holders of Securities, and to
                                         make the occurrence, or the occurrence and continuance, of a default in any of such additional
                                         covenants, restrictions, conditions or provisions an Event of Default permitting the
                                         enforcement of all or any of the several remedies provided in this Indenture as herein
                                         set forth, with such period of grace, if any, and subject to such conditions as such
                                         supplemental indenture may provide;

 

		(e)	[reserved];

 

		(f)	to modify, eliminate or add to
                                         the provisions of this Indenture to such extent as shall be necessary to effect the qualification
                                         of this Indenture under the TIA, or under any similar federal statute hereafter enacted,
                                         and to add to this Indenture such other provisions as may be expressly permitted by the
                                         TIA, excluding however, the provisions referred to in Section 316(a)(2) of
                                         the TIA or any corresponding provision in any similar federal statute hereafter enacted;

 

    	 	31	 

     

    

 

		(g)	to add any additional Events of
                                         Default (and if such Events of Default are to be for the benefit of less than all Series of
                                         Securities, stating that such are expressly being included solely for the benefit of
                                         such Series);

 

		(h)	to modify, eliminate or add to
                                         any of the provisions of this Indenture; provided that any such change or elimination
                                         (i) shall become effective only when there is no Security of any Series Outstanding
                                         and created prior to the execution of such supplemental indenture that is entitled to
                                         the benefit of such provision or (ii) shall not apply to any Security Outstanding;

 

		(i)	to provide for uncertificated Securities
                                         in addition to or in place of certificated Securities;

 

		(j)	to make any change that does not
                                         adversely affect the rights of any Securityholder;

 

		(k)	to provide for the issuance of
                                         and establish the form and terms and conditions of Securities of any Series as permitted
                                         by this Indenture;

 

		(l)	to evidence and provide for the
                                         acceptance of appointment hereunder by a successor Trustee with respect to the Securities
                                         of one or more Series and to 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; or

 

		(m)	to comply with requirements of
                                         the SEC in order to effect or maintain the qualification of this Indenture under the
                                         TIA.

 

Section 9.2     With
Consent of Holders. The Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders
of at least a majority in principal amount of the outstanding Securities of each Series affected by such supplemental indenture
(including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for the purpose
of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental
indenture or of modifying in any manner the rights of the Securityholders of each such Series. Except as provided in Section 6.13,
the Holders of at least a majority in principal amount of the outstanding Securities of any Series by written notice to the
Trustee (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series) may
waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series.

 

It shall not be necessary
for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any proposed supplemental
indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental indenture
or waiver under this Section becomes effective, the Company shall mail to the Holders of Securities affected thereby a notice
briefly describing the supplemental indenture or waiver. Any failure by the Company to mail or publish such notice, or any defect
therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver.

 

Section 9.3     Limitations.
Without the consent of each Securityholder affected, an amendment or waiver may not:

 

		(a)	reduce the amount of Securities
                                         whose Holders must consent to an amendment, supplement or waiver;

 

    	 	32	 

     

    

 

		(b)	reduce the rate of or extend the
                                         time for payment of interest (including default interest) on any Security;

 

		(c)	reduce the principal or change
                                         the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed
                                         for, the payment of any sinking fund or analogous obligation;

 

		(d)	reduce the principal amount of
                                         Discount Securities payable upon acceleration of the maturity thereof;

 

		(e)	waive a Default or Event of Default
                                         in the payment of the principal of or interest, if any, on any Security (except a rescission
                                         of acceleration of the Securities of any Series by the Holders of at least a majority
                                         in principal amount of the outstanding Securities of such Series and a waiver of
                                         the payment default that resulted from such acceleration);

 

		(f)	make the principal of or interest,
                                         if any, on any Security payable in any currency other than that stated in the Security;

 

		(g)	make any change in Section 6.8,
                                         6.13, or 9.3 (this sentence); or

 

		(h)	waive a redemption payment with
                                         respect to any Security.

 

Section 9.4     Compliance
with Trust Indenture Act. Every amendment to this Indenture or the Securities of one or more Series shall be set forth
in a supplemental indenture hereto that complies with the TIA as then in effect.

 

Section 9.5     Revocation
and Effect of Consents. Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a consent
to it by a Holder of a Security is a continuing consent by the Holder and every subsequent Holder of a Security or portion of
a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made
on any Security. However, any such Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security
if the Trustee receives the notice of revocation before the date of the supplemental indenture or the date the waiver becomes
effective.

 

Any amendment or waiver
once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is of the type
described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each
Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences
the same debt as the consenting Holder’s Security.

 

Section 9.6     Notation
on or Exchange of Securities. The Trustee may place an appropriate notation about an amendment or waiver on any Security of
any Series thereafter authenticated. The Company in exchange for Securities of that Series may issue and the Trustee
shall authenticate upon request new Securities of that Series that reflect the amendment or waiver.

 

Section 9.7     Trustee
Protected. 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 7.1)
shall be fully protected in relying upon, an Officers’ Certificate and Opinion of Counsel stating that all conditions precedent
have been satisfied, the execution of such supplemental indenture is authorized or permitted by this Indenture and that such supplemental
indenture is the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms.
The Trustee shall sign all supplemental indentures, except that the Trustee need not sign any supplemental indenture that adversely
affects it.

 

    	 	33	 

     

    

 

Article X

MISCELLANEOUS

 

Section 10.1     Trust
Indenture Act Controls. If any provision of this Indenture limits, qualifies, or conflicts with another provision which is
required or deemed to be included in this Indenture by the TIA, such required or deemed provision shall control.

 

Section 10.2     Notices.
Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly
given if in writing and delivered in person or mailed by first-class mail:

 

if to the Company:

 

Southern National Bancorp of
Virginia, Inc.

6830 Old Dominion Drive

McLean, Virginia 22101

Attention: Jeffrey L. Karafa, Executive Vice President
and Chief Financial Officer

Telephone: (703) 893-7400

 

if to the Trustee:

 

Wilmington Trust, National Association

Rodney Square North

1100 North Market Street

Wilmington, Delaware 19890

Attention: Southern National Bancorp of Virginia, Inc.
Administrator

Telephone: (302) 636-6398

 

The Company or the
Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.

 

Any notice or communication
to a Securityholder shall be mailed by first-class mail to his address shown on the register kept by the Registrar. Failure to
mail a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency with
respect to other Securityholders of that or any other Series.

 

If a notice or communication
is mailed or published in the manner provided above, within the time prescribed, it is duly given, whether or not the Securityholder
receives it.

 

If the Company mails
a notice or communication to Securityholders, it shall mail a copy to the Trustee and each Agent at the same time. Notwithstanding
any other provision of this Indenture or any Security, where this Indenture or any Security provides for notice of any event or
any other communication (including any notice of redemption or repurchase) to a Securityholder of a Security (whether by mail
or otherwise), such notice shall be sufficiently given if given to Depository (or its designee) pursuant to the applicable procedures
from Depository or its designee, including by electronic mail in accordance with accepted practices at Depository.

 

    	 	34	 

     

    

 

Section 10.3     Communication
by Holders with Other Holders. Securityholders of any Series may communicate pursuant to TIA Section 312(b) with
other Securityholders of that Series or any other Series with respect to their rights under this Indenture or the Securities
of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c).

 

Section 10.4     Certificate
and Opinion as to Conditions Precedent. Upon any request or application by the Company to the Trustee to take any action under
this Indenture, the Company shall furnish to the Trustee:

 

		(a)	an Officers’ Certificate
                                         stating that, in the opinion of the signers, all conditions precedent, if any, provided
                                         for in this Indenture relating to the proposed action have been complied with; and

 

		(b)	an Opinion of Counsel stating that,
                                         in the opinion of such counsel, all such conditions precedent have been complied with.

 

Section 10.5     Statements
Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture (other than a certificate provided pursuant to TIA Section 314(a)(4)) shall comply with the provisions
of TIA Section 314(e) and shall include:

 

		(a)	a statement that the person making
                                         such certificate or opinion has read such covenant or condition;

 

		(b)	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;

 

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

 

		(d)	a statement as to whether or not,
                                         in the opinion of such person, such condition or covenant has been complied with.

 

Section 10.6     Rules by
Trustee and Agents. The Trustee may make reasonable rules for action by, or a meeting of, Securityholders of one or more
Series. Any Agent may make reasonable rules and set reasonable requirements for its functions.

 

Section 10.7     Legal
Holidays. Unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture hereto for
a particular Series, a “Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday
at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest
shall accrue for the intervening period.

 

Section 10.8     No
Recourse Against Others. A director, officer, employee or stockholder, as such, of the Company shall not have any liability
for any obligations of the Company under the Securities or this Indenture or for any claim based on, in respect of or by reason
of such obligations or their creation. Each Securityholder by accepting a Security waives and releases all such liability. The
waiver and release are part of the consideration for the issue of the Securities.

 

    	 	35	 

     

    

 

Section 10.9     Counterparts.
This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.
The exchange of copies of this Indenture and of signature pages by facsimile or electronic format (e.g., “.pdf”
or “.tif”) transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto
and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or electronic format (e.g., “.pdf” or “.tif”) shall be deemed to be their original signatures for
all purposes.

 

Section 10.10     Governing
Laws; Waiver of Jury Trial; Jurisdiction.
THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY AND CONSTRUED WITH THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). EACH OF THE PARTIES HERETO IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING AMONG THE
PARTIES HERETO ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY OR THEREBY.

 

The parties hereby
(i) irrevocably submit to the exclusive jurisdiction of any federal or state court sitting in the Borough of Manhattan, the
city of New York, (ii) waive any objection to laying of venue in any such action or proceeding in such courts, and (iii) waive
any objection that such courts are an inconvenient forum or do not have jurisdiction over any party.

 

Section 10.11     No
Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret another indenture, loan or debt agreement
of the Company or a Subsidiary of the Company. Any such indenture, loan or debt agreement may not be used to interpret this Indenture.

 

Section 10.12     Successors.
All agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in
this Indenture shall bind its successor.

 

Section 10.13     Severability.
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 10.14     Table
of Contents, Headings, Etc. The Table of Contents, Cross-Reference Table, and headings of the Articles and Sections of this
Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify
or restrict any of the terms or provisions hereof.

 

Section 10.15     Force
Majeure. In
no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising
out of or caused by, directly or indirectly, forces circumstances beyond its control, including, without limitation, any act or
provision of any present or future law or regulation or governmental authority, strikes, work stoppages, accidents, acts of war
or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions
of utilities, communications or computer (software and hardware) services, accidents, epidemics, pandemics, labor disputes, acts
of civil or military authority or governmental actions, or the unavailability of the Federal Reserve Bank wire or telex or other
wire or communication facility; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted
practices in the banking industry to resume performance as soon as practicable under the circumstances.

 

    	 	36	 

     

    

 

Section 10.16     U.S.A.
PATRIOT Act. The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee,
like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain,
verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account
with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request
in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act.

 

Section 10.17     Separability
Clause; Entire Agreement. 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. This
Indenture, any applicable supplemental indenture and the exhibits hereto set forth the entire agreement and understanding of the
parties related to this transaction and supersedes all prior written agreements and understandings, oral or written.

 

Article XI

SINKING
FUNDS

 

Section 11.1     Applicability
of Article. The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities
of a Series, except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture.

 

The minimum amount
of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a “mandatory
sinking fund payment” and any other amount provided for by the terms of Securities of such 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 11.2. Each sinking fund payment shall be applied
to the redemption of Securities of any Series as provided for by the terms of the Securities of such Series.

 

Section 11.2     Satisfaction
of Sinking Fund Payments with Securities. The Company may, in satisfaction of all or any part of any sinking fund payment
with respect to the Securities of any Series to be made pursuant to the terms of such Securities (a) deliver outstanding
Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously
called for mandatory sinking fund redemption) and (b) apply as credit Securities of such Series to which such sinking
fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company pursuant
to the terms of such Series of Securities (except pursuant to any mandatory sinking fund) or through the application of permitted
optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities
have not been previously so credited. Such Securities shall be received by the Trustee, together with an Officers’ Certificate
with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities
for redemption, and shall be credited for such purpose by the Trustee at the 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. If as a result
of the delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities
of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need
not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and
such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment; provided,
however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver
to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee
of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required
to be released to the Company.

 

    	 	37	 

     

    

 

Section 11.3     Redemption
of Securities for Sinking Fund. Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture
or Officers’ Certificate in respect of a particular Series of Securities) prior to each sinking fund payment date for
any Series of Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of
the next ensuing mandatory 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 of Securities of that Series pursuant to Section 11.2, and the optional amount, if any, to be added in cash
to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified.
Not less than 30 days (unless otherwise indicated in the Board Resolution, Officers’ Certificate or supplemental indenture
in respect of a particular Series of Securities) 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 3.2 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 3.3.
Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in
Sections 3.4, 3.5 and 3.6.

 

Article XII

SUBORDINATION
OF SECURITIES

 

Section 12.1     Agreement
of Subordination. The Company covenants and agrees, and each Holder of Securities issued hereunder by accepting a Security
likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article XII; and each
Person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof, accepts and agrees
to be bound by such provisions.

 

The payment of the
principal of and interest on all Securities (including, but not limited to, the redemption price with respect to the Securities
called for redemption in accordance with Article III as provided in this Indenture) issued hereunder shall, to the extent
and in the manner hereinafter set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior
Indebtedness, whether outstanding at the date of this Indenture or thereafter incurred.

 

No provision of this
Article XII shall prevent the occurrence of any Default or Event of Default hereunder.

 

Section 12.2     Payments
to Holders. Except as otherwise provided in a supplemental indenture, no payment shall be made with respect to the principal
of or interest on the Securities (including, but not limited to, the redemption price with respect to the Securities to be called
for redemption in accordance with Article III as provided in this Indenture), except payments and distributions made by the
Trustee as permitted by the first or second paragraph of Section 12.5, if:

 

		(a)	a default in the payment of principal,
                                         premium, interest, rent or other obligations due on any Senior Indebtedness occurs and
                                         is continuing (or, in the case of Senior Indebtedness for which there is a period of
                                         grace, in the event of such a default that continues beyond the period of grace, if any,
                                         specified in the instrument or lease evidencing such Senior Indebtedness) (a “payment
                                         default”), unless and until such default shall have been cured or waived or shall
                                         have ceased to exist; or

 

    	 	38	 

     

    

 

		(b)	a default, other than a payment
                                         default, on a Designated Senior Indebtedness occurs and is continuing that then permits
                                         holders of such Designated Senior Indebtedness to accelerate its maturity and the Trustee
                                         receives a written notice of the default (a “Payment Blockage Notice”) from
                                         a Representative or the Company.

 

If the Trustee receives
any Payment Blockage Notice pursuant to clause (b) above, no subsequent Payment Blockage Notice shall be effective for purposes
of this Section unless and until (A) at least 365 days shall have elapsed since the initial effectiveness of the immediately
prior Payment Blockage Notice, and (B) all scheduled payments of principal, premium, if any, and interest on the Securities
that have come due have been paid in full in cash. No non-payment default that existed or was continuing on the date of delivery
of any Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage Notice.

 

The Company may and
shall resume payments on and distributions in respect of the Securities upon the earlier of:

 

		(1)	the date upon which the applicable
                                         default is cured or waived or ceases to exist, or

 

		(2)	in the case of a default referred
                                         to in clause (b) above, 179 days pass after notice is received if the maturity of
                                         such Designated Senior Indebtedness has not been accelerated, unless this Article XII
                                         otherwise prohibits the payment or distribution at the time of such payment or distribution.

 

Upon any payment by
the Company, or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to creditors
upon any dissolution or winding-up or liquidation or reorganization of the Company, whether voluntary or involuntary or in bankruptcy,
insolvency, receivership or other proceedings, all amounts due or to become due upon all Senior Indebtedness shall first be paid
in full in cash or other payment satisfactory to the holders of such Senior Indebtedness, or payment thereof in accordance with
its terms provided for in cash or other payment satisfactory to the holders of such Senior Indebtedness, before any payment is
made on account of the principal of or interest on the Securities (except payments made pursuant to Article VI from monies
deposited with the Trustee pursuant thereto prior to commencement of proceedings for such dissolution, winding-up, liquidation
or reorganization); and upon any such dissolution or winding-up or liquidation or reorganization of the Company or bankruptcy,
insolvency, receivership or other proceeding, any payment by the Company, or distribution of assets of the Company of any kind
or character, whether in cash, property or securities, to which the Holders of the Securities or the Trustee would be entitled,
except for the provision of this Article XII, shall (except as aforesaid) be paid by the Company or by any receiver, trustee
in bankruptcy, liquidating trustee, agent or other Person making such payment or distribution, or by the Holders of the Securities
or by the Trustee under this Indenture if received by them or it, directly to the holders of Senior Indebtedness (pro rata to
such holders on the basis of the respective amounts of Senior Indebtedness held by such holders, or as otherwise required by law
or a court order) or their Representative or Representatives, or to the trustee or trustees under any indenture pursuant to which
any instruments evidencing any Senior Indebtedness may have been issued, as their respective interests may appear, to the extent
necessary to pay all Senior Indebtedness in full, in cash or other payment satisfactory to the holders of such Senior Indebtedness,
after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness, before any payment
or distribution or provision therefor is made to the Holders of the Securities or to the Trustee.

 

For purposes of this
Article XII, the words, “cash, property or securities” shall not be deemed to include shares of stock of the
Company as reorganized or readjusted, or securities of the Company or any other person provided for by a plan of reorganization
or readjustment, the payment of which is subordinated at least to the extent provided in this Article XII with respect to
the Securities to the payment of all Senior Indebtedness which may at the time be outstanding; provided that (i) the
Senior Indebtedness is assumed by the new person, if any, resulting from any reorganization or readjustment, and (ii) the
rights of the holders of Senior Indebtedness (other than leases which are not assumed by the Company or the new person, as the
case may be) are not, without the consent of such holders, altered by such reorganization or readjustment. The consolidation of
the Company with, or the merger of the Company into, another person or the liquidation or dissolution of the Company following
the conveyance or transfer of its property as an entirety, or substantially as an entirety, to another person upon the terms and
conditions provided for in Article V shall not be deemed a dissolution, winding-up, liquidation or reorganization for the
purposes of this Section 12.2 if such other person shall, as a part of such consolidation, merger, conveyance or transfer,
comply with the conditions stated in Article V.

 

    	 	39	 

     

    

 

In the event of the
acceleration of the Securities because of an Event of Default, no payment or distribution shall be made to the Trustee or any
Holder of Securities in respect of the principal of or interest on the Securities (including, but not limited to, the redemption
price with respect to the Securities called for redemption in accordance with Article III as provided in this Indenture),
except payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 12.5, until
all Senior Indebtedness has been paid in full in cash or other payment satisfactory to the holders of Senior Indebtedness or such
acceleration is rescinded in accordance with the terms of this Indenture. If payment of the Securities is accelerated because
of an Event of Default, the Company shall promptly notify holders of Senior Indebtedness of the acceleration at the address set
forth in the notice from the Agent (or successor agent) to the Trustee as being the address to which the Trustee should send its
notice pursuant to this Section 12.2, unless there are no payment obligations of the Company thereunder and all obligations
thereunder to extend credit have been terminated or expired.

 

In the event that,
notwithstanding the foregoing provisions, any payment or distribution of assets of the Company of any kind or character, whether
in cash, property or securities (including, without limitation, by way of setoff or otherwise), prohibited by the foregoing, shall
be received by the Trustee or the Holders of the Securities before all Senior Indebtedness is paid in full in cash or other payment
satisfactory to the holders of such Senior Indebtedness, or provision is made for such payment thereof in accordance with its
terms in cash or other payment satisfactory to the holders of such Senior Indebtedness, such payment or distribution shall be
held uninvested in trust for the benefit of and shall be paid over or delivered to the holders of Senior Indebtedness or their
representative or representatives, or to the trustee or trustees under any indenture pursuant to which any instruments evidencing
any Senior Indebtedness may have been issued, as their respective interests may appear, as calculated by the Company, for application
to the payment of all Senior Indebtedness remaining unpaid to the extent necessary to pay all Senior Indebtedness in full in cash
or other payment satisfactory to the holders of such Senior Indebtedness, after giving effect to any concurrent payment or distribution
to or for the holders of such Senior Indebtedness.

 

Nothing in this Section 12.2
shall apply to claims of, or payments to, the Trustee under or pursuant to Section 7.7. This Section 12.2 shall be subject
to the further provisions of Section 12.5.

 

Section 12.3     Subrogation
of Securities. Subject to the payment in full of all Senior Indebtedness, the rights of the Holders of the Securities shall
be subrogated to the extent of the payments or distributions made to the holders of such Senior Indebtedness pursuant to the provisions
of this Article XII (equally and ratably with the holders of all Indebtedness of the Company which by its express terms is
subordinated to other Indebtedness of the Company to substantially the same extent as the Securities are subordinated and is entitled
to like rights of subrogation) to the rights of the holders of Senior Indebtedness to receive payments or distributions of cash,
property or securities of the Company applicable to the Senior Indebtedness until the principal and interest on the Securities
shall be paid in full; and, for the purposes of such subrogation, no payments or distributions to the holders of the Senior Indebtedness
of any cash, property or securities to which the Holders of the Securities or the Trustee would be entitled except for the provisions
of this Article XII, and no payment over pursuant to the provisions of this Article XII, to or for the benefit of the
holders of Senior Indebtedness by Holders of the Securities or the Trustee, shall, as between the Company, its creditors other
than holders of Senior Indebtedness, and the Holders of the Securities, be deemed to be a payment by the Company to or on account
of the Senior Indebtedness; and no payments or distributions of cash, property or securities to or for the benefit of the Holders
of the Securities pursuant to the subrogation provisions of this Article XII, which would otherwise have been paid to the
holders of Senior Indebtedness shall be deemed to be a payment by the Company to or for the account of the Securities. It is understood
that the provisions of this Article XII are and are intended solely for the purposes of defining the relative rights of the
Holders of the Securities, on the one hand, and the holders of the Senior Indebtedness, on the other hand.

 

    	 	40	 

     

    

 

Nothing contained
in this Article XII or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company,
its creditors other than the holders of Senior Indebtedness, and the Holders of the Securities, the obligation of the Company,
which is absolute and unconditional, to pay to the Holders of the Securities the principal of (and premium, if any) and interest
on the Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall
affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of the Senior
Indebtedness, nor shall anything herein or therein prevent the Trustee or the Holder of any Security from exercising all remedies
otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article XII
of the holders of Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of
any such remedy.

 

Upon any payment or
distribution of assets of the Company referred to in this Article XII, the Trustee, subject to the provisions of Section 7.1,
and the Holders of the Securities shall be entitled to rely upon any order or decree made by any court of competent jurisdiction
in which such bankruptcy, dissolution, winding-up, liquidation or reorganization proceedings are pending, or a certificate of
the receiver, trustee in bankruptcy, liquidating trustee, agent or other person making such payment or distribution, delivered
to the Trustee or to the Holders of the Securities, for the purpose of ascertaining the persons entitled to participate in such
distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon
and all other facts pertinent thereto or to this Article XII.

 

Section 12.4     Authorization
to Effect Subordination. Each Holder of a Security by the holder’s acceptance thereof authorizes and directs the Trustee
on the holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided
in this Article XII and appoints the Trustee to act as the holder’s attorney-in-fact for any and all such purposes.
If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 6.3
hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their
representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities.

 

Section 12.5     Notice
to Trustee. The Company shall give prompt written notice in the form of an Officers’ Certificate to a Responsible Officer
of the Trustee and to any paying agent of any fact known to the Company which would prohibit the making of any payment of monies
to or by the Trustee or any paying agent in respect of the Securities pursuant to the provisions of this Article XII. Notwithstanding
the provisions of this Article XII or any other provision of this Indenture, the Trustee shall not be charged with knowledge
of the existence of any facts which would prohibit the making of any payment of monies to or by the Trustee in respect of the
Securities pursuant to the provisions of this Article XII, unless and until a Responsible Officer of the Trustee shall have
received written notice thereof at the Corporate Trust Office from the Company (in the form of an Officers’ Certificate)
or a Representative or a holder or holders of Senior Indebtedness or from any trustee thereof; and before the receipt of any such
written notice, the Trustee, subject to the provisions of Section 7.1, shall be entitled in all respects to assume that no
such facts exist; provided that if on a date not fewer than two Business Days prior to the date upon which by the terms
hereof any such monies may become payable for any purpose (including, without limitation, the payment of the principal of, or
premium, if any, or interest on any Security) the Trustee shall not have received, with respect to such monies, the notice provided
for in this Section 12.5, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power
and authority to receive such monies and to apply the same to the purpose for which they were received, and shall not be affected
by any notice to the contrary which may be received by it on or after such prior date.

 

    	 	41	 

     

    

 

Notwithstanding anything
in this Article XII to the contrary, nothing shall prevent any payment by the Trustee to the Holders of monies deposited
with it pursuant to Section 8.1, and any such payment shall not be subject to the provisions of Section 12.1 or 12.2.

 

The Trustee, subject
to the provisions of Section 7.1, shall be entitled to rely on the delivery to it of a written notice by a Representative
or a person representing himself or herself to be a holder of Senior Indebtedness (or a trustee on behalf of such holder) to establish
that such notice has been given by a Representative or a holder of Senior Indebtedness or a trustee on behalf of any such holder
or holders. In the event that the Trustee determines in good faith that further evidence is required with respect to the right
of any person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article XII,
the Trustee may request such person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior
Indebtedness held by such person, the extent to which such person is entitled to participate in such payment or distribution and
any other facts pertinent to the rights of such person under this Article XII, and if such evidence is not furnished the
Trustee may defer any payment to such person pending judicial determination as to the right of such person to receive such payment.

 

Section 12.6     Trustee’s
Relation to Senior Indebtedness. The Trustee in its individual capacity shall be entitled to all the rights set forth in this
Article XII in respect of any Senior Indebtedness at any time held by it, to the same extent as any other holder of Senior
Indebtedness, and nothing in Section 7.11 or elsewhere in this Indenture shall deprive the Trustee of any of its rights as
such holder. Nothing in this Article XII shall apply to the Company’s obligations to the Trustee under Section 7.7.

 

With respect to the
holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as
are specifically set forth in this Article XII, and no implied covenants or obligations with respect to the holders of Senior
Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty
to the holders of Senior Indebtedness and, subject to the provisions of Section 7.1, the Trustee shall not be liable to any
holder of Senior Indebtedness if it shall pay over or deliver to Holders of Securities, the Company or any other person money
or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XII or otherwise.

 

Section 12.7     No
Impairment of Subordination. No right of any present or future holder of any Senior Indebtedness to enforce subordination
as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company
or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms, provisions
and covenants of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with.

 

Section 12.8     Article Applicable
to Paying Agents. If at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then
acting hereunder, the term “Trustee” as used in this Article shall (unless the context otherwise requires) be
construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if such
Paying Agent were named in this Article in addition to or in place of the Trustee; provided, however, that
the first paragraph of Section 12.5 shall not apply to the Company or any Affiliate of the Company if it or such Affiliate
acts as Paying Agent.

 

    	 	42	 

     

    

 

Section 12.9     Senior
Indebtedness Entitled to Rely. The holders of Senior Indebtedness (including, without limitation, Designated Senior Indebtedness)
shall have the right to rely upon this Article XII, and no amendment or modification of the provisions contained herein shall
diminish the rights of such holders unless such holders shall have agreed in writing thereto.

 

[Signature Pages Follow.]

 

    	 	43	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Indenture to be duly executed as of the day and year first above written.

 

	 	SOUTHERN NATIONAL BANCORP OF
    VIRGINIA, INC.
	 	 
	 	 
	 	By:	/s/
    Jeffrey L. Karafa
	 	 	Name:	Jeffrey L. Karafa
	 	 	Title:	Executive Vice President and Chief Financial
    Officer
	 	 	 	 
	 	 	 	 
	 	WILMINGTON TRUST, NATIONAL
	 	ASSOCIATION, as Trustee
	 	 
	 	 
	 	By:	/s/
    Michael Wass
	 	 	Name: 	Michael Wass
	 	 	Title: 	Vice President

 

    	 	44Exhibit 4.2

 

 

 

FIRST
SUPPLEMENTAL INDENTURE

 

between

 

SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC.

 

AND

 

WILMINGTON TRUST, NATIONAL ASSOCIATION

 

DATED AS OF AUGUST 25, 2020

 

First Supplement to Subordinated Indenture
dated as of August 25, 2020

(Subordinated Debt Securities)

 

 

 

     

     

    

 

FIRST SUPPLEMENTAL INDENTURE, dated as of
August 25, 2020 (this “Supplemental Indenture”), between SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC.,
a Virginia corporation (the “Company”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, as trustee (the “Trustee”).

 

RECITALS

 

WHEREAS, the Company and the Trustee have
entered into a Subordinated Indenture dated as of August 25, 2020 (the “Base Indenture” and, as supplemented
by this Supplemental Indenture, the “Indenture”), providing for the issuance by the Company from time to time
of its subordinated debt securities;

 

WHEREAS, Section 9.1(k) of the
Base Indenture provides that the Company and the Trustee may, without the consent of any Holder, enter into a supplemental indenture
to establish the form or terms of Securities of any Series as permitted by Sections 2.1 and 2.2 thereof;

 

WHEREAS, the Company desires to provide
for the establishment of a new Series of Securities pursuant to Sections 2.1 and 2.2 of the Base Indenture, the form and substance
of such Securities and terms, provisions and conditions thereof to be set forth as provided in the Indenture;

 

WHEREAS, the Company deems it advisable
to enter into this Supplemental Indenture for the purposes of establishing the terms of such Securities and providing for the rights,
obligations and duties of the Trustee with respect to such Securities;

 

WHEREAS, the execution and delivery of this
Supplemental Indenture has been authorized by a resolution of the Board of Directors of the Company;

 

WHEREAS, the Company has requested that
the Trustee execute and deliver this Supplemental Indenture; and

 

WHEREAS, all acts and things necessary have
been done and performed to make this Supplemental Indenture enforceable in accordance with its terms, and the execution and delivery
of this Supplemental Indenture has been duly authorized in all respects.

 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE
WITNESSETH: For and in consideration of the premises and the purchase of the Notes (as defined herein) by the Holders thereof,
the Company and the Trustee covenant and agree, for the equal and proportionate benefit of all Holders of the Notes, as follows:

 

Article One

 

SCOPE
OF SUPPLEMENTAL INDENTURE

 

This Supplemental Indenture constitutes
a supplement to the Base Indenture and an integral part of the Indenture and shall be read together with the Base Indenture as
though all the provisions thereof are contained in one instrument. Except as expressly amended by this Supplemental Indenture,
the terms and provisions of the Base Indenture shall remain in full force and effect. Notwithstanding the foregoing, this Supplemental
Indenture shall only apply to the Notes.

 

     

     

    

 

Article Two

 

DEFINITIONS

 

Section 2.1          Definitions
and Other Provisions of General Application. For all purposes of this Supplemental Indenture unless otherwise specified
herein:

 

(a)         all
terms used in this Supplemental Indenture which are not otherwise defined herein shall have the meanings they are given in the
Base Indenture and include the plural as well as the singular;

 

(b)        the
provisions of general application stated in Article X of the Base Indenture shall apply to this Supplemental Indenture, except
that the words “herein,” “hereof,” “hereto” and “hereunder” and other words of
similar import refer to this Supplemental Indenture as a whole and not to the Base Indenture or any particular Article, Section or
other subdivision of the Base Indenture or this Supplemental Indenture; and

 

(c)         Section 1.1
of the Base Indenture is amended and supplemented, solely with respect to the Notes, by inserting the following additional defined
terms in their appropriate alphabetical positions:

 

“Act” means any request,
demand, authorization, direction, notice, consent, waiver or other action provided or permitted by the Indenture to be given, made
or taken by Holders, which may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by
such Holders in person or by agent duly appointed in writing; such action shall become effective when such instrument or instruments
are delivered to the Trustee and, where it is hereby expressly required, to the Company.

 

“Administrative or Judicial Action”
has the meaning provided in the definition of “Tax Event.”

 

“Benchmark” means, initially,
Three-Month Term SOFR; provided that if the Calculation Agent determines on or prior to the Reference Time that a Benchmark Transition
Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR or the then-current Benchmark,
then “Benchmark” means the applicable Benchmark Replacement.

 

“Benchmark Replacement”
means the Interpolated Benchmark with respect to the then-current Benchmark, plus the Benchmark Replacement Adjustment for such
Benchmark; provided that if (a) the Calculation Agent cannot determine the Interpolated Benchmark as of the Benchmark Replacement
Date or (b) the then-current Benchmark is Three-Month Term SOFR and a Benchmark Transition Event and its related Benchmark
Replacement Date have occurred with respect to Three-Month Term SOFR (in which event no Interpolated Benchmark with respect to
Three-Month Term SOFR shall be determined), then “Benchmark Replacement” means the first alternative set forth in the
order below that can be determined by the Calculation Agent as of the Benchmark Replacement Date:

 

    2

     

    

 

(1)           Compounded
SOFR;

 

(2)           the
sum of: (a) the alternate rate that has been selected or recommended by the Relevant Governmental Body as the replacement
for the then-current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment;

 

(3)           the
sum of: (a) the ISDA Fallback Rate, and (b) the Benchmark Replacement Adjustment;

 

(4)           the
sum of: (a) the alternate rate that has been selected by the Calculation Agent as the replacement for the then-current Benchmark
for the applicable Corresponding Tenor, giving due consideration to any industry-accepted rate as a replacement for the then-current
Benchmark for U.S. Dollar-denominated floating rate securities at such time, and (b) the Benchmark Replacement Adjustment.

 

“Benchmark Replacement Adjustment”
means the first alternative set forth in the order below that can be determined by the Calculation Agent as of the Benchmark Replacement
Date:

 

(1)           the
spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive or negative value or
zero), that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement;

 

(2)           if
the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA Fallback Adjustment; and

 

(3)           the
spread adjustment (which may be a positive or negative value or zero) that has been selected by the Calculation Agent giving due
consideration to any industry-accepted spread adjustment or method for calculating or determining such spread adjustment, for the
replacement of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. Dollar-denominated floating
rate securities at such time.

 

“Benchmark Replacement Conforming
Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including
changes to the definition of “interest period,” timing and frequency of determining rates with respect to each interest
period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent
decides may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market
practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible
or if the Calculation Agent determines that no market practice for use of the Benchmark Replacement exists, in such other manner
as the Calculation Agent determines is reasonably necessary).

 

“Benchmark Replacement Date”
means the earliest to occur of the following events with respect to the then-current Benchmark:

 

    3

     

    

 

(1)           in
the case of clause (1) of the definition of “Benchmark Transition Event,” the relevant Reference Time in
respect of any determination;

 

(2)           in
the case of clause (2) or (3) of the definition of “Benchmark Transition Event,” the later of (a) the
date of the public statement or publication of information referenced therein and (b) the date on which the administrator
of the Benchmark permanently or indefinitely ceases to provide the Benchmark; or

 

(3)           in
the case of clause (4) of the definition of “Benchmark Transition Event,” the date of the public statement or
publication of information referenced therein.

 

For the avoidance of doubt, for purposes
of the definitions of Benchmark Replacement Date and Benchmark Transition Event, references to the Benchmark also include any reference
rate underlying the Benchmark (for example, if the Benchmark becomes Compounded SOFR, references to the Benchmark would include
SOFR).

 

For the avoidance of doubt, if the event
giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any
determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.

 

“Benchmark Transition Event”
means the occurrence of one or more of the following events with respect to the then-current Benchmark:

 

(1)           if
the Benchmark is Three-Month Term SOFR, (a) the Relevant Governmental Body has not selected or recommended a forward-looking
term rate for a tenor of three months based on SOFR, (b) the development of a forward-looking term rate for a tenor of three
months based on SOFR that has been recommended or selected by the Relevant Governmental Body is not complete or (c) the Company
determines that the use of a forward-looking rate for a tenor of three months based on SOFR is not administratively feasible;

 

(2)           a
public statement or publication of information by or on behalf of the administrator of the Benchmark announcing that such administrator
has ceased or will cease to provide the Benchmark, permanently or indefinitely, provided that, at the time of such statement or
publication, there is no successor administrator that will continue to provide the Benchmark;

 

(3)           a
public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark, the central
bank for the currency of the Benchmark, an insolvency official with jurisdiction over the administrator for the Benchmark, a resolution
authority with jurisdiction over the administrator for the Benchmark or a court or an entity with similar insolvency or resolution
authority over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will cease
to provide the Benchmark permanently or indefinitely, provided that, at the time of such statement or publication, there is no
successor administrator that will continue to provide the Benchmark; or

 

(4)           a
public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark announcing that
the Benchmark is no longer representative.

 

    4

     

    

 

“Business Day” means
(a) each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York are
authorized or obligated by law, regulation or executive order to remain closed, or (b) a day on which the Corporate Trust
Office of the Trustee is not closed for business.

 

“Calculation Agent” means
the agent appointed by the Company prior to the commencement of the Floating Rate Period (which may include the Company or any
of its Affiliates) to act in accordance with Section 3.4 of the Supplemental Indenture.

 

“Compounded SOFR” means
the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology for this rate, and conventions
for this rate being established by the Calculation Agent in accordance with:

 

(1)           the
rate, or methodology for this rate, and conventions for this rate selected or recommended by the Relevant Governmental Body for
determining Compounded SOFR; provided that:

 

(2)           if,
and to the extent that, the Calculation Agent determines that Compounded SOFR cannot be determined in accordance with clause (1) above,
then the rate, or methodology for this rate, and conventions for this rate that have been selected by the Calculation Agent giving
due consideration to any industry-accepted market practice for U.S. Dollar-denominated floating rate securities at such time.

 

For the avoidance of doubt, the calculation
of Compounded SOFR shall exclude the Benchmark Replacement Adjustment (if applicable) and the spread of 531 basis points per annum.

 

“Corresponding Tenor”
with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding
business day adjustment) as the applicable tenor for the then-current Benchmark.

 

“Federal Reserve” has
the meaning provided in the definition of “Tier 2 Capital Event.”

 

“Federal Reserve Bank of New York’s
Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

 

“Fixed Rate Interest Payment Date”
has the meaning provided in Section 3.4(a).

 

“Fixed Rate Period” has
the meaning provided in Section 3.4(a).

 

“Fixed Rate Regular Record Date”
has the meaning provided in Section 3.4(a).

 

“Floating Rate Interest Payment
Date” has the meaning provided in Section 3.4(b).

 

“Floating Rate Period”
has the meaning provided in Section 3.4(b).

 

“Floating Rate Regular Record Date”
has the meaning provided in Section 3.4(b).

 

“Indenture” has the meaning
set forth in the Recitals.

 

    5

     

    

 

“Interest Payment Date”
has the meaning provided in Section 3.4(b).

 

“interest period” means
the period from and including the immediately preceding Interest Payment Date in respect of which interest has been paid or duly
provided for or, if no interest has been paid or duly provided for, from and including the Issue Date to, but excluding, the applicable
Interest Payment Date or the Maturity Date or date of earlier redemption, if applicable.

 

“Interpolated Benchmark”
with respect to the Benchmark means the rate determined for the Corresponding Tenor by interpolating on a linear basis between:
(1) the Benchmark for the longest period (for which the Benchmark is available) that is shorter than the Corresponding Tenor,
and (2) the Benchmark for the shortest period (for which the Benchmark is available) that is longer than the Corresponding
Tenor.

 

“ISDA” means the International
Swaps and Derivatives Association, Inc. or any successor.

 

“ISDA Definitions” means
the 2006 ISDA Definitions published by the ISDA, as amended or supplemented from time to time, or any successor definitional booklet
for interest rate derivatives published from time to time.

 

“ISDA Fallback Adjustment”
means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing
the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable
tenor.

 

“ISDA Fallback Rate”
means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence
of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

 

“Issue Date” means August 25,
2020.

 

“Major Constituent Bank”
means any Subsidiary which is organized as a banking organization under federal or state law and which represents 50% or more of
the consolidated assets of the Company determined as of the date of the most recent audited financial statements of the Company.

 

“Maturity Date” has the
meaning provided in Section 3.2.

 

“Redemption Date” has
the meaning provided in Section 3.5(a) of the Supplemental Indenture.

 

“Reference Time” with
respect to any determination of the Benchmark means (1) if the Benchmark is Three-Month Term SOFR, the time determined by
the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions, and (2) if the Benchmark is not Three-Month
Term SOFR, the time determined by the Calculation Agent after giving effect to the Benchmark Replacement Conforming Changes.

 

    6

     

    

 

“Relevant Governmental Body”
means the Federal Reserve and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal
Reserve and/or the Federal Reserve Bank of New York or any successor thereto.

 

“Senior Indebtedness”
means any obligation of the Company to its creditors, whether now outstanding or subsequently incurred, other than any obligation
where, in the instrument creating or evidencing the obligation or pursuant to which the obligation is outstanding, it is provided
that the obligation is not Senior Indebtedness. Senior Indebtedness includes, without limitation:

 

		a.	the principal (and premium, if any) of and interest in respect of indebtedness of the Company for purchased or borrowed money,
whether or not evidenced by securities, notes, debentures, bonds or other similar instruments issued by the Company, including
obligations incurred in connection with the acquisition of property, assets or businesses;

 

		b.	all capital lease obligations of the Company;

 

		c.	all obligations of the Company issued or assumed as the deferred purchase price of property, all conditional sale obligations
of the Company and all obligations of the Company under any conditional sale or title retention agreement, but excluding trade
accounts payable in the ordinary course of business;

 

		d.	all obligations of the Company arising from off-balance sheet guarantees and direct credit substitutes, including obligations
in respect of any letters of credit, bankers’ acceptances, security purchase facilities and similar credit transactions;

 

		e.	all obligations of the Company associated with derivative products, including obligations in respect of interest rate swap,
cap or other agreements, interest rate future or options contracts, currency swap agreements, currency future or option contracts
and other similar agreements;

 

		f.	all obligations of the type referred to in clauses (a) through (e) above of other persons for the payment of which
the Company is responsible or liable as obligor, guarantor or otherwise;

 

		g.	all obligations of the type referred to in clauses (a) through (f) above of other persons secured by any lien on
any property or asset of the Company whether or not such obligation is assumed by the Company; and

 

		h.	any deferrals, renewals or extensions of any obligations of the type referred to in clauses (a) through (g) above.

 

Notwithstanding the foregoing, Senior Indebtedness
does not include:

 

    7

     

    

 

		a.	the Notes;

 

		b.	trade accounts payable arising in the ordinary course of business; and

 

		c.	any indebtedness that by its terms ranks on an equal basis with, or is subordinated to, the Notes.

 

“SOFR” means the secured
overnight financing rate published by the Federal Reserve Bank of New York, as the administrator of the Benchmark (or a successor
administrator), on the Federal Reserve Bank of New York’s Website.

 

“Tax Event” means the
receipt by the Company of an opinion of independent tax counsel to the effect that as a result of (a) an amendment to or change
(including any announced prospective amendment or change) in any law or treaty, or any regulation thereunder, of the United States
or any of its political subdivisions or taxing authorities; (b) a judicial decision, administrative action, official administrative
pronouncement, ruling, regulatory procedure, regulation, notice or announcement, including any notice or announcement of intent
to adopt or promulgate any ruling, regulatory procedure or regulation (any of the foregoing, an “Administrative or Judicial
Action”); or (c) an amendment to or change in any official position with respect to, or any interpretation of, an Administrative
or Judicial Action or a law or regulation of the United States that differs from the previously generally accepted position or
interpretation, in each case, which change or amendment or challenge becomes effective or which pronouncement, decision or challenge
is announced on or after the original issue date of the Notes, there is more than an insubstantial risk that interest payable by
the Company on the Notes is not, or, within 90 days of the date of such opinion, will not be, deductible by the Company, in whole
or in part, for United States federal income tax purposes.

 

“Term SOFR” means the
forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

 

“Term SOFR Administrator”
means any entity designated by the Relevant Governmental Body as the administrator of Term SOFR (or a successor administrator).

 

“Three-Month Term SOFR”
means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time
for any interest period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions. All
percentages used in or resulting from any calculation of Three-Month Term SOFR shall be rounded, if necessary, to the nearest one-hundred-thousandth
of a percentage point, with 0.000005% rounded up to 0.00001%.

 

“Three-Month Term SOFR Conventions”
means any determination, decision or election with respect to any technical, administrative or operational matter (including with
respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,”
timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest,
rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect
the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation
Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent
determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines
is reasonably necessary).

 

    8

     

    

 

“Tier 2 Capital Event”
means the Company’s good faith determination that, as a result of (a) any amendment to, or change in, the laws, rules or
regulations of the United States (including, for the avoidance of doubt, any agency or instrumentality of the United States, including
the Federal Reserve and other federal bank regulatory agencies) or any political subdivision of or in the United States that is
enacted or becomes effective after the original issue date of the Notes; (b) any proposed change in those laws, rules or
regulations that is announced or becomes effective after the original issue date of the Notes; or (c) any official administrative
decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws, rules,
regulations, policies or guidelines with respect thereto that is announced after the original issue date of the Notes, there is
more than an insubstantial risk that the Company will not be entitled to treat the Notes then outstanding as “Tier 2 Capital”
(or its equivalent) for purposes of the capital adequacy rules or regulations of the Board of Governors of the Federal Reserve
System (the “Federal Reserve”) (or, as and if applicable, the capital adequacy rules or regulations of
any successor appropriate federal banking agency) as then in effect and applicable to the Company, for so long as any Notes are
outstanding.

 

“Unadjusted Benchmark Replacement”
means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

 

Article Three

 

CREATION
OF THE NOTES

 

Section 3.1          Designation
of Series. Pursuant to the terms hereof and Sections 2.1 and 2.2 of the Base Indenture, the Company hereby creates
a Series of its subordinated debt securities designated as the “5.40% Fixed-to-Floating Rate Subordinated Notes due
2030” (the “Notes”), which Notes shall be deemed “Securities” for all purposes under the
Indenture.

 

Section 3.2          Form and
Minimum Denomination of Notes. The definitive form of the Notes shall be substantially in the form set forth in Exhibit A
attached hereto, which is incorporated herein and made part hereof. The Notes shall bear interest and have such other terms as
are stated in the form of definitive Notes or in the Indenture. The Stated Maturity of the Notes shall be September 1, 2030
(the “Maturity Date”). The Notes shall be issued in minimum denominations of $1,000 and integral multiples
of $1,000 in excess thereof.

 

Section 3.3          Initial
Limit on Amount of Series. The Notes shall initially be limited to U.S. $60,000,000.00 in aggregate principal amount,
and may, upon the execution and delivery of this Supplemental Indenture or from time to time thereafter, be executed by the Company
and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Notes to or upon
the delivery of a Company Order. Following the initial issuance of the Notes, the aggregate principal amount of Notes may be increased
as provided in Section 3.9 of this Supplemental Indenture.

 

    9

     

    

 

Section 3.4          Interest.

 

(a)         The
Notes will bear interest at a fixed rate of 5.40% per annum from and including August 25, 2020 to, but excluding, September 1,
2025 or earlier Redemption Date (the “Fixed Rate Period”). Interest accrued on the Notes during the Fixed Rate
Period will be payable semi-annually in arrears on March 1 and September 1 of each year, commencing on March 1,
2021 (each such date, a “Fixed Rate Interest Payment Date”). The last Fixed Rate Interest Payment Date shall
be September 1, 2025, unless the Notes are earlier redeemed. The interest payable during the Fixed Rate Period will be paid
to each Holder in whose name a Note is registered at the close of business on the fifteenth day (whether or not a Business Day)
immediately preceding the applicable Fixed Rate Interest Payment Date (each such date, a “Fixed Rate Regular Record Date”).

 

(b)         The
Notes will bear a floating interest rate from, and including September 1, 2025, to, but excluding, the Maturity Date or earlier
Redemption Date (the “Floating Rate Period”). The floating interest rate will be reset quarterly, and the interest
rate for any Floating Rate Period shall be equal to the then-current Three-Month Term SOFR plus 531 basis points for each quarterly
interest period during the Floating Rate Period. During the Floating Rate Period, interest on the Notes will be payable quarterly
in arrears on March 1, June 1, September 1 and December 1 of each year commencing, on December 1, 2025
(each such date, a “Floating Rate Interest Payment Date” and, together with a Fixed Rate Interest Payment Date,
an “Interest Payment Date”). The interest payable during the Floating Rate Period will be paid to each Holder
in whose name a Note is registered at the close of business on the fifteenth day (whether or not a Business Day) immediately preceding
the applicable Floating Rate Interest Payment Date (each such date, a “Floating Rate Regular Record Date”).
Notwithstanding the foregoing, if Three-Month Term SOFR (or other applicable Benchmark) is less than zero, then Three-Month Term
SOFR (or other such Benchmark) shall be deemed to be zero. The Calculation Agent will provide the Company and the Trustee with
written notice of the interest rate in effect on the Notes promptly after the Reference Time (or such other date of determination
for the applicable Benchmark).

 

(c)         The
amount of interest payable on any Fixed Rate Interest Payment Date during the Fixed Rate Period will be computed on the basis of
a 360-day year consisting of twelve 30-day months to, but excluding, September 1, 2025, and, the amount of interest payable
on any Floating Rate Interest Payment Date during the Floating Rate Period will be computed on the basis of a 360-day year on the
basis of the actual number of days elapsed.

 

(d)         The
Company or the Calculation Agent, as applicable, shall calculate the amount of interest payable on any Interest Payment Date and
the Trustee shall have no duty to confirm or verify any such calculation. In the event that any scheduled Interest Payment Date
or the Maturity Date for the Notes falls on a day that is not a Business Day, then payment of interest payable on such Interest
Payment Date or of principal and interest payable on the Maturity Date will be paid on the next succeeding day which is a Business
Day (any payment made on such date will be treated as being made on the date that the payment was first due and no interest on
such payment will accrue for the period from and after such scheduled Interest Payment Date); provided, that in the event that
any scheduled Floating Rate Interest Payment Date falls on a day that is not a Business Day and the next succeeding Business Day
falls in the next succeeding calendar month, such Floating Rate Interest Payment Date will be accelerated to the immediately preceding
Business Day, and, in each such case, the amounts payable on such Business Day will include interest accrued to, but excluding,
such Business Day. U.S. Dollar amounts resulting from interest calculations will be rounded to the nearest cent, with one-half
cent being rounded upward.

 

    10

     

    

 

(e)         The
Company shall take such actions as are necessary to ensure that from the commencement of the Floating Rate Period for so long as
any of the Notes remain outstanding there will at all times be a Calculation Agent appointed to calculate Three-Month Term SOFR
in respect of each Floating Rate Period. The calculation of Three-Month Term SOFR for each applicable Floating Rate Period by the
Calculation Agent will (in the absence of manifest error) be final and binding. The Calculation Agent’s determination of
any interest rate and its calculation of interest payments for any period will be maintained on file at the Calculation Agent’s
principal offices, will be made available to any Holder of the Notes upon request and will be provided to the Trustee. The Calculation
Agent shall have all the rights, protections and indemnities afforded to the Trustee under the Base Indenture and hereunder. The
Calculation Agent may be removed by the Company at any time. If the Calculation Agent is unable or unwilling to act as Calculation
Agent or is removed by the Company, the Company will promptly appoint a replacement Calculation Agent. The Calculation Agent may
not resign its duties without a successor having been duly appointed; provided, that if a successor Calculation Agent has not been
appointed by the Company and such successor accepted such position within 30 days after the giving of notice of resignation by
the Calculation Agent, then the resigning Calculation Agent may petition, at the expense of the Company, any court of competent
jurisdiction for the appointment of a successor Calculation Agent with respect to such Series. The Trustee shall not be under any
duty to succeed to, assume or otherwise perform, any duties of the Calculation Agent, or to appoint a successor or replacement
in the event of the Calculation Agent’s resignation or removal or to replace the Calculation Agent in the event of a default,
breach or failure of performance on the part of the Calculation Agent with respect to the Calculation Agent’s duties and
obligations hereunder. For the avoidance of doubt, if at any time there is no Calculation Agent appointed by the Company, then
the Company shall be the Calculation Agent. The Company may appoint itself or any of its Affiliates to be the Calculation Agent.
The Company shall be the initial Calculation Agent.

 

(f)         Effect
of Benchmark Transition Event.

 

(1)           If
the Calculation Agent determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred on
or prior to the Reference Time in respect of any determination of the Benchmark on any date, then the Benchmark Replacement will
replace the then-current Benchmark for all purposes relating to the Notes during the Floating Rate Period in respect of such determination
on such date and all determinations on all subsequent dates. In connection with the implementation of a Benchmark Replacement,
the Calculation Agent will have the right to make Benchmark Replacement Conforming Changes from time to time.

 

    11

     

    

 

(2)           Notwithstanding
anything set forth in Section 3.4(b) above, if the Calculation Agent determines on or prior to the relevant Reference
Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term
SOFR, then the provisions set forth in this Section 3.4(f) will thereafter apply to all determinations of the interest
rate on the Notes during the Floating Rate Period. After a Benchmark Transition Event and its related Benchmark Replacement Date
have occurred, the interest rate on the Notes for each interest period during the Floating Rate Period will be an annual rate equal
to the Benchmark Replacement plus 531 basis points.

 

(3)           The
Calculation Agent is expressly authorized to make certain determinations, decisions and elections under the terms of the Notes,
including with respect to the use of Three-Month Term SOFR as the Benchmark and under this Section 3.4(f). Any determination,
decision or election that may be made by the Calculation Agent under the terms of the Notes, including any determination with respect
to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take
or refrain from taking any action or selection (A) will be conclusive and binding on the Holders of the Notes and the Trustee
absent manifest error, (B) if made by the Company as Calculation Agent, will be made in the Company’s sole discretion,
(C) if made by a Calculation Agent other than the Company, will be made after consultation with the Company, and the Calculation
Agent will not make any such determination, decision or election to which the Company reasonably objects and (D) notwithstanding
anything to the contrary herein or in the Base Indenture, shall become effective without consent from the Holders of the Notes,
the Trustee or any other party. If the Calculation Agent fails to make any determination, decision or election that it is required
to make under the terms of the Notes, then the Company will make such determination, decision or election on the same basis as
described above.

 

(4)           The
Company (or its Calculation Agent) shall notify the Trustee in writing (i) upon the occurrence of the Benchmark Transition
Event or the Benchmark Replacement Date, and (ii) of any Benchmark Replacements, Benchmark Replacement Conforming Changes
and other items affecting the interest rate on the Notes after a Benchmark Transition Event.

 

(5)           The
Trustee (including in its capacity as Paying Agent) shall have no (i) responsibility or liability for the (A) Three-Month
Term SOFR Conventions, (B) selection of an alternative reference rate to Three-Month Term SOFR (including, without limitation,
whether the conditions for the designation of such rate have been satisfied or whether such rate is a Benchmark Replacement or
an Unadjusted Benchmark Replacement), (C) determination or calculation of a Benchmark Replacement, or (D) determination
of whether a Benchmark Transition Event or Benchmark Replacement Date has occurred, and in each such case under clauses (A) through
(D) above shall be entitled to conclusively rely upon the selection, determination, and/or calculation thereof as provided
by the Company or its Calculation Agent, as applicable, and (ii) liability for any failure or delay in performing its duties
hereunder as a result of the unavailability of a Benchmark rate as described in the definition thereof, including, without limitation,
as a result of the Company’s or Calculation Agent’s failure to select a Benchmark Replacement or the Calculation Agent’s
failure to calculate a Benchmark. The Trustee shall be entitled to rely conclusively on all notices from the Company or its Calculation
Agent regarding any Benchmark or Benchmark Replacement, including, without limitation, in regards to Three-Month Term SOFR Conventions,
a Benchmark Transition Event, Benchmark Replacement Date, and Benchmark Replacement Conforming Changes. The Trustee shall not be
responsible or liable for the actions or omissions of the Calculation Agent, or any failure or delay in the performance of the
Calculation Agent’s duties or obligations, nor shall it be under any obligation to monitor or oversee the performance of
the Calculation Agent. The Trustee shall be entitled to conclusively rely on any determination made, and any instruction, notice,
Officers’ Certificate or other instruction or information provided by the Calculation Agent without independent verification,
investigation or inquiry of any kind. The Trustee shall not be obligated to enter into any amendment or supplement hereto that
adversely impacts its rights, duties, obligations, immunities or liabilities (including, without limitation, in connection with
the adoption of any Benchmark Replacement Conforming Changes).

 

    12

     

    

 

(6)           If
the then-current Benchmark is Three-Month Term SOFR, the Calculation Agent will have the right to establish the Three-Month Term
SOFR Conventions, and if any of the foregoing provisions concerning the calculation of the interest rate and the payment of interest
during the Floating Rate Period are inconsistent with any of the Three-Month Term SOFR Conventions determined by the Calculation
Agent, then the relevant Three-Month Term SOFR Conventions will apply.

 

Section 3.5          Redemption.

 

(a)         The
Notes shall be redeemable, in each case, in whole or in part from time to time, at the option of the Company beginning with the
Interest Payment Date on September 1, 2025, but not prior thereto (except upon the occurrence of certain events specified
below), and on any Interest Payment Date thereafter (each, a “Redemption Date”), subject to obtaining the prior
approval of the Federal Reserve to the extent such approval is then required under the rules of the Federal Reserve (or, as
and if applicable, the rules of any successor appropriate bank regulatory agency). The Notes may not otherwise be redeemed
prior to the Maturity Date, except that the Company may, at its option, redeem the Notes before the Maturity Date, in whole, but
not in part, subject to obtaining the prior approval of the Federal Reserve to the extent such approval is then required under
the rules of the Federal Reserve (or, as and if applicable, the rules of any successor appropriate bank regulatory agency),
upon the occurrence of a Tier 2 Capital Event or a Tax Event, or if the Company is required to register as an investment company
pursuant to the Investment Company Act of 1940, as amended (15 U.S.C. 80a-1 et seq.). Any such redemption will be at a Redemption
Price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the
Redemption Date fixed by the Company. The provisions of Article III of the Base Indenture shall apply to any redemption of
the Notes pursuant to this Section 3.5; provided that a notice of redemption shall be delivered not less than 15 nor more
than 60 days prior to the Redemption Date, to each Holder of Notes to be redeemed in whole or in part. Any partial redemption will
be made in accordance with DTC’s applicable procedures among all of the Holders of the Notes. If any Note is to be redeemed
in part only, the notice of redemption relating to such Note shall state that it is a partial redemption and the portion of the
principal amount thereof to be redeemed, and a replacement Note in principal amount equal to the unredeemed portion thereof will
be issued in the name of the Holder thereof upon cancellation of the original Note. The Notes are not subject to redemption or
prepayment at the option of the Holders.

 

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Any notice of redemption may be conditional
in the Company’s discretion on one or more conditions precedent, and the Redemption Date may be delayed until such time
as any or all of such conditions have been satisfied or revoked by the Company if it determines that such conditions will not
be satisfied.

 

Section 3.6          No
Repayment or Sinking Fund. The Notes will not be subject to redemption or repayment at the option of any Holder at
any time prior to the Stated Maturity. Notwithstanding anything contained in Article XI of the Base Indenture to the contrary,
no sinking fund will be provided with respect to the Notes.

 

Section 3.7          Notes
Not Convertible or Exchangeable. The Notes will not be convertible into or exchangeable for equity securities, other
securities, or assets or property of the Company or its subsidiaries.

 

Section 3.8          Issuance
of Notes; Selection of Depository. The Notes shall be issued as Global Securities in permanent global form, without
coupons. The initial Depositary for the Notes shall be DTC.

 

Section 3.9          Further
Issuances. The Company may, without consent of the Holders of the Notes but in compliance with the terms of the Indenture,
increase the principal amount of the Notes by issuing additional Notes on the same terms and conditions as the Notes, except for
any differences in the issue price and interest accrued prior to the date of issuance of the additional Notes, and with the same
CUSIP number as the Notes; provided that such additional Notes are fungible with the Notes for U.S. federal income tax purposes.
The Notes and any additional Notes issued by the Company will rank equally and ratably and shall be treated as a single Series of
Securities for all purposes under the Indenture.

 

Section 3.10        No
Additional Amounts. In the event that any payment on the Notes is subject to withholding of any U.S. federal income
tax or other tax or assessment (as a result of a change in law or otherwise), the Company will not pay additional amounts with
respect to such tax or assessment.

 

Section 3.11        Execution,
Authentication, Delivery and Dating. Notwithstanding anything in the Base Indenture to the contrary, for purposes of
the Securities and this Indenture, Section 2.3of the Indenture shall be replaced with the following:

 

“(a)       The
Securities shall be executed in the name and on behalf of the Company by the manual, electronic signature or facsimile signature
of its Chairman of the Board of Directors, its Chief Executive Officer, President, one of its Vice Presidents or Treasurer. Unless
otherwise provided herein or in any other Securities, the words “execute”, “execution”, “signed”,
and “signature” and words of similar import used in or related to any document to be signed in connection with this
Indenture, any other Securities or any of the transactions contemplated hereby (including amendments, waivers, consents and other
modifications) shall be deemed to include electronic signatures and the keeping of records in electronic form, each of which shall
be of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping
system, as applicable, to the fullest extent and as provided for in any Applicable Law, including the Federal Electronic Signatures
in Global and National Commerce Act of 2000 (15 U.S.C. §§ 7001-7006), the New York State Electronic Signatures and Records
Act of 1999 (N.Y. State Tech. §§ 301-309), and any other similar state laws based on the Uniform Electronic Transactions
Act, provided that, notwithstanding anything herein to the contrary, the Trustee is not under any obligation to agree to accept
electronic signatures in any form or in any format unless expressly agreed to by such Trustee pursuant to procedures approved
by such Trustee. If the Person whose signature is on a Security no longer holds that office at the time the Security is authenticated
and delivered, the Security shall nevertheless be valid.”

 

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Article Four

 

APPOINTMENT
OF THE REGISTRAR AND PAYING AGENT FOR THE NOTES

 

Section 4.1            Registrar;
Paying Agent

 

. The Company appoints Wilmington Trust, National Association
as Registrar and Paying Agent with respect to the Notes, and the Trustee hereby accepts such appointment.

 

Article Five

 

REMEDIES
OF TRUSTEE AND SECURITYHOLDERS

 

Section 5.1            Events
of Default. The Events of Default provided for in Section 6.1 of the Base Indenture shall apply to the Notes,
provided that:

 

(a)           The
text of clause (a) of Section 6.1 of the Base Indenture shall be substituted with the following:

 

“(a) the entry by a
court having jurisdiction in the premises of (i) a decree or order for relief in respect of the Company in an involuntary
case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or (ii) a
decree or order adjudging the Company bankrupt or insolvent, or approving as properly filed a petition seeking reorganization,
arrangement, adjustment or composition of or in respect of the Company under any applicable federal or state law, or appointing
a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial
part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order
for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days;”

 

    15

     

    

 

(b)           The
text of clause (b) of Section 6.1 of the Base Indenture shall be substituted with the following:

 

“(b) the commencement
by the Company of a voluntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or
other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry
of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable federal or
state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or
proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable
federal or state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency
case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any
applicable federal or state law, or the consent by it to the filing of such petition or to the appointment of or taking possession
by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial
part of its property or the taking of corporate action by the Company in furtherance of any such action;”; and

 

(c)            The
text of clause (c) of Section 6.1 of the Base Indenture shall be substituted with the following:

 

“(c) (i) the appointment
by a competent government agency having primary regulatory authority over any Major Constituent Bank under any applicable federal
or state banking, insolvency or similar law now or hereafter in effect of a receiver of any such Major Constituent Bank or (ii) the
entry of a decree or order in any case or proceeding under any applicable federal or state banking, insolvency or other similar
law now or hereafter in effect appointing any receiver of any Major Constituent Bank.”

 

(d)           The
portion of Section 6.1 of the Base Indenture appearing after clause (c) of Section 6.1 shall be deleted.

 

Section 5.2             Acceleration
of Maturity; Rescission and Annulment. Solely with respect to the Notes, the text of Section 6.2 of the Base Indenture
shall be deleted and replaced, reading in its entirety as follows:

 

“(a) (i) If an Event
of Default occurs, the principal amount of all the Notes shall automatically, and without any declaration or other action on the
part of the Trustee or any Holder, become immediately due and payable.

 

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

 

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

 

(A)           all
overdue interest on the Notes,

 

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(B)            the
principal of (and premium, if any, on) the Notes which have become due otherwise than by such acceleration and, to the extent permitted
by applicable law, interest thereon at the rate or rates prescribed therefor in the Notes,

 

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

 

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

 

and

 

(2)           all
Events of Default with respect to the Notes, other than the non-payment of the principal of the Notes which has become due solely
by such declaration of acceleration, have been cured or waived as provided in Section 6.13 hereof.

 

(iii)          No
such rescission shall affect any subsequent default or impair any right consequent thereon.”

 

Section 5.3            Collection
of Indebtedness and Suits for Enforcement by Trustee. Solely with respect to the Notes, the text of Section 6.3
of the Base Indenture shall be deleted and replaced, reading in its entirety as follows:

 

“The Company covenants that if

 

(a)           default
is made in the payment of any interest on the Notes when such interest becomes due and payable and such default continues for a
period of 30 days,

 

(b)           default
is made in the payment of the principal of (or premium, if any, on) any Note at the Maturity Date, or

 

(c)           the
failure of the Company to perform any covenants or agreements contained in the Indenture, which failure shall not have been remedied,
or without provision deemed to be adequate for the remedying thereof having been made, for a period of 90 days after written notice
shall have been given to the Company by the Trustee or shall have been given to the Company and the Trustee by Holders of 25% or
more in aggregate principal amount of the Notes then Outstanding, specifying such failure, requiring the Company to remedy the
same and stating that such notice is a notice of default under the Indenture,

 

the Company will, upon demand of the Trustee, pay to the Trustee,
for the benefit of the Holders of the Notes, the whole amount then due and payable on the Notes 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 in the Notes, 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.

 

    17

     

    

 

If the Company shall fail 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 of the Notes 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 of the Notes, wherever situated.

 

If an Event of Default with respect to
the Notes occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights
of the Holders of the Notes 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 the Indenture or in aid of the exercise
of any power granted herein, or to enforce any other proper remedy.”

 

Section 5.4            Application
of Money Collected. Solely with respect to the Notes, the text of Section 6.6 of the Base Indenture shall be deleted
and replaced, reading in its entirety as follows:

 

“Subject to Article Six of the
Supplemental Indenture, any money or property collected 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 Notes 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
and any predecessor Trustee under Section 7.7

 

SECOND: Subject to Article Six of the Supplemental
Indenture, to the payment of the amounts then due and unpaid for principal of and any premium and interest on the Notes 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 the Notes for principal and any premium and interest, respectively; and

 

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

 

Section 5.5            Control
by Holders;. Solely with respect to the Notes, the text of Section 6.12 of the Base Indenture shall be deleted
and replaced, reading in its entirety as follows:

 

“Subject to Section 11.01(j) hereof,
the Holders of a majority in principal amount of the Outstanding Notes 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 Notes, provided that

 

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(a)           such
direction shall not be in conflict with any rule of law or with the Indenture,

 

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

 

(c)           the
Trustee shall have the right to decline to follow such direction if the Trustee shall, in good faith, determine that the proceeding
so directed is in conflict with any rule of law or with the Indenture, would be unjustly prejudicial to the Holders not joining
in any such direction or would involve the Trustee in personal liability.

 

Section 5.6            [Reserved].

 

Section 5.7            [Reserved].

 

Section 5.8            [Reserved].

 

Section 5.9            [Reserved].

 

Section 5.10          [Reserved].

 

Section 5.11          Waiver
of Past Defaults. Solely with respect to the Notes, the text of Section 6.13 of the Base Indenture shall be deleted
and replaced, reading in its entirety as follows:

 

“The Holders of not less than a majority
in principal amount of the Outstanding Notes may on behalf of the Holders of all the Notes waive any past default hereunder and
its consequences, except a default

 

(a)            in
the payment of the principal of or any premium or interest on any Security, or

 

(b)            in
respect of a covenant or provision hereof which under Section 14.02 cannot be modified or amended without the consent of the
Holder of each Outstanding Note 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 the Indenture; but
no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.”

 

    19

     

    

 

 

Article Six

 

SUBORDINATION
OF SECURITIES

 

Section 6.1            
Agreement to Subordinate. Solely with respect to the Notes, the text of Section 12.1 of the Base Indenture shall be
deleted and replaced, reading in its entirety as follows:

 

“The
Company covenants and agrees, and each Holder of a Note, by his acceptance thereof, likewise covenants and agrees, that, to the
extent and in the manner hereinafter set forth in this Article, the indebtedness represented by the Notes and the payment of the
principal of (and premium, if any) and interest on each and all of the Notes are hereby expressly made subordinate and subject
in right of payment to the prior payment in full of all Senior Indebtedness.

 

Notwithstanding
the foregoing, if a deposit referred to in Section 8.5 is made pursuant to Section 8.1, Section 8.3 or Section 8.4
with respect to any Notes (and provided all other conditions set out in Section 8.1, Section 8.3 or Section 8.4,
as applicable, shall have been satisfied with respect to the Notes), then, following the 90th day after such deposit, or any longer
preference period if applicable, no money or U.S. Government Obligations so deposited, and no proceeds thereon, will be subject
to any rights of holders of Senior Indebtedness, including any such rights arising under Article Six of the Supplemental
Indenture or Article XII of the Base Indenture.”

 

Section 6.2             Distribution
on Dissolution, Liquidation and Reorganization; Subrogation of Securities. Solely with respect to the Notes, the final five
paragraphs of Section 12.2 of the Base Indenture shall be deleted and replaced, reading in its entirety as follows:

 

“(a)          In
the event of (i) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other
similar case or proceeding in connection therewith, relative to the Company or to its creditors, as such, or to its assets, or
(ii) any liquidation, dissolution or other winding up of the Company, whether voluntary or involuntary and whether or not
involving insolvency or bankruptcy, or (iii) any assignment for the benefit of creditors or any other marshaling of assets
and liabilities of the Company, then and in any such event the holders of Senior Indebtedness shall be entitled to receive payment
in full of all amounts due or to become due on or in respect of all Senior Indebtedness, or provision shall be made for such payment,
before the Holders of the Notes are entitled to receive any payment on account of principal of or interest on the Notes, and to
that end the holders of Senior Indebtedness shall be entitled to receive, for application to the payment thereof, any payment
or distribution of any kind or character, whether in cash, property or securities, which may be payable or deliverable in respect
of the Notes in any such case, proceeding, dissolution, liquidation or other winding up or event.

 

(b)           Upon
the occurrence of any of the events described in clauses (i), (ii) or (iii) of the immediately preceding paragraph,
in the event that notwithstanding the foregoing provisions of this Section the Trustee or the Holder of any Notes shall have
received any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities,
before all Senior Indebtedness is paid in full or payment thereof provided for, and if such fact shall, at or prior to the time
of such payment or distribution, have been made known to the Trustee by written notice to a Responsible Officer or, as the case
may be, such Holder, then and in such event such payment or distribution shall be paid over or delivered forthwith to the trustee
in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making payment or distribution of assets
of the Company for application to the payment of all Senior Indebtedness remaining unpaid, to the extent necessary to pay all
Senior Indebtedness in full, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness.

 

    20

     

    

 

(c)            The
consolidation of the Company with, or the merger of the Company into, another Person or the liquidation or dissolution of the
Company following the conveyance or transfer all or substantially all of its properties and assets to another Person upon the
terms and conditions set forth in Article Eight of the Supplemental Indenture shall not be deemed a dissolution, winding
up, liquidation, reorganization, assignment for the benefit of creditors or marshaling of assets and liabilities of the Company
for the purposes of this Section if the Person formed by such consolidation or into which the Company is merged or which
acquires by conveyance or transfer all or substantially all properties and assets, as the case may be, shall, as a part of such
consolidation, merger, conveyance or transfer, comply with the respective conditions set forth in Article Eight of the Supplemental
Indenture.

 

(d)            Subject
to the payment in full of all Senior Indebtedness, the Holders of the Notes shall be subrogated (equally and ratably with the
holders of all indebtedness of the Company which by its express terms is subordinated to indebtedness of the Company to substantially
the same extent as the Notes are subordinated and is entitled to like rights of subrogation) to the rights of the holders of such
Senior Indebtedness to receive payments and distributions of cash, property and securities applicable to the Senior Indebtedness
until the principal of (and premium, if any) and interest on the Notes shall be paid in full. For purposes of such subrogation,
no payments or distributions to the holders of the Senior Indebtedness of any cash, property or securities to which the Holders
of the Notes or the Trustee would be entitled except for the provisions of this Article, and no payments over pursuant to the
provisions of this Article to the holders of Senior Indebtedness by Holders of the Notes or the Trustee, shall, as among
the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Notes, be deemed to be a payment or
distribution by the Company to or on account of the Senior Indebtedness.

 

(e)            The
provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of
the Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or
elsewhere in the Indenture or in the Notes is intended to or shall (a) impair, as among the Company, its creditors other
than holders of Senior Indebtedness and the Holders of the Notes, the obligation of the Company, which is absolute and unconditional
and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with
all other obligations of the Company, to pay to the Holders of the Notes the principal of and interest on the Notes as and when
the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company
of the Holders of the Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the
Trustee or the Holder of any Note from exercising all remedies otherwise permitted by applicable law upon default under the Indenture,
subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities
otherwise payable or deliverable to the Trustee or such Holder.”

 

    21

     

    

 

Section 6.3             [Reserved].

 

Section 6.4             [Reserved].

 

Section 6.5             Notices
to Trustee. Solely with respect to the Notes, the text of Section 12.5 of the Base Indenture shall be deleted and replaced,
reading in its entirety as follows:

 

“(a)          The
Company shall give prompt written notice in the form of an Officer’s Certificate to a Responsible Officer of the Trustee
and to any paying agent of any fact known to the Company which would prohibit the making of any payment to or by the Trustee or
any paying agent in respect of the Notes. Notwithstanding the provisions of this Article XII or any other provision of the
Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any
payment to or by the Trustee in respect of the Notes pursuant to this Article XII, unless and until a Responsible Officer
of the Trustee shall have received written notice thereof at the Corporate Trust Officer from the Company (in the form of an Officer’s
Certificate) or a holder of Senior Indebtedness or from any trustee therefor; and, prior to the receipt of any such written notice,
the Trustee shall be entitled in all respects to assume that no such facts exist; provided, however, that if the
Trustee shall not have received the notice provided for in this Section 12.5 at least five Business Days prior to the date
upon which by the terms hereof any money may become payable for any purpose, then, anything herein contained to the contrary notwithstanding,
the Trustee shall have full power and authority to receive such money and to apply the same to the purpose for which such money
was received and shall not be affected by any notice to the contrary which may be received by it within five Business Days prior
to such date.

 

(b)            The
Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of
Senior Indebtedness or a trustee therefor to establish that such notice has been given by a holder of Senior Indebtedness or a
trustee therefor. In the event that the Trustee determines in good faith that further evidence is required with respect to the
right of any Person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article XII,
the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior
Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and
any other facts pertinent to the rights of such Person under this Article XII, and if such evidence is not furnished, the
Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment.”

 

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Section 6.6             Rights
of Trustee as Holder of Senior Indebtedness; Preservation of Trustee’s Rights. Solely with respect to the Notes, the
text of Section 12.6 of the Base Indenture shall be deleted and replaced, reading in its entirety as follows:

 

“The
Trustee or any Authenticating Agent in its individual capacity shall be entitled to all the rights set forth in this Article with
respect to any Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness,
and nothing in the Indenture shall deprive the Trustee of any of its rights as such holder.

 

The
Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not be liable to any such
holders if it shall in good faith mistakenly pay over or distribute to Holders of the Notes or to the Company or to any other
Person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article or
otherwise. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its
covenants or obligations as are specifically set forth in this Article XII and no implied covenants or obligations with respect
to holders of Senior Indebtedness shall be read into the Indenture against the Trustee.”

 

Section 6.7             No
Waiver of Subordination Provisions. Solely with respect to the Notes, the text of Section 12.7 of the Base Indenture
shall be deleted and replaced, reading in its entirety as follows:

 

“(a)          No
right of any present or future holder of any Senior Indebtedness to enforce subordination as herein provided shall at any time
in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act,
in good faith, by any such holder, or by any non-compliance by the Company with the terms, provisions and covenants of the Indenture,
regardless of any knowledge thereof any such holder may have or be otherwise charged with.

 

(b)           Without
in any way limiting the generality of the foregoing paragraph, the holders of Senior Indebtedness may, at any time and from time
to time, without the consent of or notice to the Trustee or the Holders of the Notes, without incurring responsibility to the
Holders of the Notes and without impairing or releasing the subordination provided in this Article XII or the obligations
hereunder of the Holders of the Notes to the holders of Senior Indebtedness, do any one or more of the following: (i) change
the manner, place or terms of payment or extend the time of payment of, or renew or alter, Senior Indebtedness, or otherwise amend
or supplement in any manner Senior Indebtedness or any instrument evidencing the same or any agreement under which Senior Indebtedness
is outstanding; (ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing
Senior Indebtedness; (iii) release any Person liable in any manner for the collection of Senior Indebtedness; and (iv) exercise
or refrain from exercising any rights against the Company and any other Person.”

 

Section 6.8             [Reserved].

 

Section 6.9             [Reserved].

 

Section 6.10           [Reserved].

 

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Section 6.11           Payment
of Proceeds in Certain Cases. Upon the occurrence of any of the events specified in clauses (i), (ii) and (iii) of
Section 6.2(a), the provisions of that Section shall be given effect to determine the amount of cash, property or securities
which may be payable or deliverable as between the holders of Senior Indebtedness, on the one hand, and the Holders of Notes,
on the other hand.

 

Section 6.12           All
Indenture Provisions Subject to Article Six. Notwithstanding anything herein contained to the contrary, all the provisions
of the Indenture shall be subject to the provisions of this Article Six, so far as the same may be applicable thereto. The
provisions of this Article Six shall not apply to amounts due and owing to the Trustee under Section 7.7 of the Base
Indenture.

 

Section 6.13           Prior
Payment to Senior Indebtedness Upon Acceleration of the Notes.

 

(a)            In
the event that any Notes are declared due and payable before their Maturity Date, then and in such event the holders of Senior
Indebtedness shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Indebtedness
or provision shall be made for such payment in cash, before the Holders of the Notes are entitled to receive any payment (including
any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to the payment
of the Notes) by the Company on account of the principal of (or premium, if any) or interest on the Notes or on account of the
purchase or other acquisition of the Notes.

 

(b)            In
the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Note prohibited
by the foregoing provisions of this Section, and if such fact shall, at or prior to the time of such payment, have been made known
to the Trustee or, as the case may be, such Holder, then and in such event such payment shall be paid over and delivered forthwith
to the Company.

 

(c)            The
provisions of this Section shall not apply to any payment with respect to which Section 6.2 above would be applicable.

 

Article Seven

 

AMENDMENT,
MODIFICATION AND WAIVER

 

Section 7.1             Modification
of Supplemental Indentures Without Consent of Holders. Solely with respect to the Notes, the text of Section 9.1 of the
Base Indenture shall be deleted and replaced, reading in its entirety as follows:

 

“Without
the consent of any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to
time, may amend the Indenture by entering into an indenture or indentures supplemental hereto, for any of the following purposes:

 

(a)            to
evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company
in the Indenture and in the Notes; or

 

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(b)           to
add to the covenants of the Company for the benefit of the Holders of the Notes or to surrender any right or power herein conferred
upon the Company; or

 

(c)           to
add any additional Events of Default for the benefit of the Holders of the Notes; or

 

(d)           to
add to or change any of the provisions of the Indenture to such extent as shall be necessary to permit or facilitate the issuance
of Notes in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or
facilitate the issuance of Notes in uncertificated form; or

 

(e)           to
add to, change or eliminate any of the provisions of the Indenture, provided that any such addition, change or elimination (A) shall
neither (i) apply to any Note 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 Note with respect to such provision or (B) shall
become effective only when there is no such Note Outstanding; or

 

(f)            to
secure the Notes; or

 

(g)           to
establish the form or terms of Notes of any Series as permitted by Sections 2.1 and 2.2 hereof; or

 

(h)           to
evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Notes and to add to
or change any of the provisions of the Indenture as shall be necessary to provide for or facilitate the administration of the
trusts under the Indenture by more than one Trustee, pursuant to the requirements of Section 7.9; or

 

(i)            to
cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein, or to make any other provisions with respect to matters or questions arising under the Indenture, provided that
such action pursuant to this Clause (i) shall not adversely affect the interests of the Holders of the Notes in any material
respect, as determined, in good faith, by the Company.

 

Subject
to the provisions of Section 7.3 of the Supplemental Indenture, the Trustee is authorized to join with the Company in the
execution of any such supplemental indenture, to make the further agreements and stipulations which may be therein contained and
to accept the conveyance, transfer, assignment, mortgage or pledge of any property or assets thereunder. Not in limitation of
the foregoing, without the consent of any Holder of Notes, the Company and the Trustee may amend or supplement the Indenture or
the Notes (i) to conform the terms of the Indenture and the Notes to the description of the Notes in the prospectus supplement
dated August 20, 2020 relating to the offering of the Notes; or (ii) to implement any Three-Month Term SOFR Conventions
or any benchmark transition provisions after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred
(or in anticipation thereof); provided that the Trustee shall have no obligation to review any such conventions or transition
provisions determined by the calculation agent and included in any such amendment and shall be entitled to conclusively rely on
the officer’s certificate and opinion of counsel provided pursuant to Section 7.3 of the Supplemental Indenture in
connection therewith.”

 

    25

     

    

 

Section 7.2             Modification
of Supplemental Indentures With Consent of Holders. Solely with respect to the Notes, the text of Section 9.2 of the
Base Indenture shall be deleted and replaced, reading in its entirety as follows:

 

“With
the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Notes affected by such
supplemental indenture, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board
Resolution, and the Trustee may amend the Indenture by entering 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 the Indenture or of modifying in
any manner the rights of the Holders of Notes under the Indenture; provided, however, that no such supplemental
indenture shall, without the consent of the Holder of each Outstanding Note affected thereby,

 

(a)            change
the Stated Maturity of the principal of, or any installment of principal of or interest on, any Note, or change the timing of
an interest payment on any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable
upon the redemption thereof, or reduce the amount of the principal of any Note which would be due and payable upon an acceleration
of the Maturity thereof pursuant to Section 6.2 hereof, or change any Place of Payment where, or the coin or currency in
which, any Note or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any
such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date) or modify
the provisions of the Indenture with respect to the subordination of the Notes in a manner adverse to Holders, or

 

(b)            reduce
the percentage in principal amount of the Outstanding Notes, the consent of whose Holders is required for any such supplemental
indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of the Indenture
or certain defaults hereunder and their consequences) provided for in the Indenture, or

 

(c)            modify
any of the provisions of this Section or Section 6.13 of the Base Indenture, except to increase any such percentage
or to provide that certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of
each Outstanding Note affected thereby; provided, however, that this clause shall not be deemed to require the consent
of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section,
or the deletion of this proviso, in accordance with the requirements of Sections 7.8 and Section 9.1(l).

 

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

 

    26

     

    

 

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.

 

The
Company may set a record date for purposes of determining the identity of the Holders of each Series of Notes entitled to
give a written consent or waive compliance by the Company as authorized or permitted by this Section. Such record date shall not
be more than 30 days prior to the first solicitation of such consent or waiver or the date of the most recent list of Holders
furnished to the Trustee prior to such solicitation pursuant to Section 312 of the Trust Indenture Act.

 

Promptly
after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the
Company shall mail a notice, setting forth in general terms the substance of such supplemental indenture, to the Holders of Notes
at their addresses as the same shall then appear in the Register of the Company. Any failure of the Company to mail such notice,
or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture.”

 

Section 7.3              Trustee
Protected. Solely with respect to the Notes, the text of Section 9.7 of the Base Indenture shall be deleted and replaced,
reading in its entirety as follows:

 

“In
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article IX or the
modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and 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 the Indenture, that all conditions herein provided for relating to such action have been complied
with, and that such supplemental indenture is a legal, valid and binding obligation of the Company. The Trustee may, but shall
not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties, liabilities
or immunities under this Indenture or otherwise.”

 

Section 7.4              [Reserved].

 

Section 7.5              Reference
in Securities to Supplemental Indentures. Solely with respect to the Notes, the text of Section 9.6 of the Base Indenture
shall be deleted and replaced, reading in its entirety as follows:

 

“Notes
authenticated and delivered after the execution of any supplemental indenture pursuant to this Article IX may, and shall
if required by the Company, bear a notation in form approved by the Company as to any matter provided for in such supplemental
indenture. If the Company shall so determine, new Notes so modified as to conform, in the opinion of 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.”

 

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Article Eight

 

MERGER,
CONSOLIDATION AND SALE OF ASSETS

 

Section 8.1             Company
May Consolidate, Etc., Only on Certain Terms. Solely with respect to the Notes, the text of Section 5.1 of the Base
Indenture shall be deleted and replaced, reading in its entirety as follows:

 

“The
Company shall not consolidate with or merge into any other Person or convey, transfer or lease all or substantially all of its
properties and assets to any Person, unless:

 

(a)            the
Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer,
or which leases, all or substantially all of the properties and assets of the Company shall be a corporation, partnership, limited
liability company or trust, 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, the due and punctual payment of the principal of and any premium and interest on all the Notes and the performance
or observance of every covenant of the Indenture on the part of the Company to be performed or observed;

 

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

 

(c)            if,
as a result of any such consolidation or merger or such conveyance, transfer or lease, properties or assets of the Company would
become subject to a mortgage, pledge, lien, security interest or other encumbrance that would not be permitted by the Indenture,
the Company or such successor Person shall take such steps as shall be necessary to secure the Notes equally and ratably with
(or senior to) all indebtedness secured thereby; and

 

(d)            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 V and that all conditions
precedent herein provided for relating to such transaction have been complied with; and the Trustee may rely on such Officers’
Certificate and Opinion of Counsel as conclusive evidence that such transaction complies with this Section 5.1.”

 

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Article Nine

 

DEFEASANCE

 

Section 9.1            Defeasance
Applicable to the Notes. Pursuant to Section 8.3 and Section 8.4 of the Base Indenture, provision is hereby made
for both defeasance and covenant defeasance of the Notes, in each case, upon the terms and conditions contained herein.

 

Section 9.2            Legal
Defeasance. Solely with respect to the Notes, the text of Section 8.3(c) of the Base Indenture shall be deleted
and replaced, reading in its entirety as follows:

 

“(c)         the
rights, powers, trust and immunities of the Trustee hereunder; provided that, the following conditions shall have been
satisfied:

 

		(i)	the
                                         Company shall have deposited or caused to be irrevocably deposited (except as provided
                                         in Section 8.2(c)) 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 the Holders of such Securities, cash in Dollars and/or U.S. Government
                                         Obligations, which through the payment of interest and principal in respect thereof in
                                         accordance with their terms, will provide (and without reinvestment and assuming no tax
                                         liability will be imposed on such Trustee), not later than one day before the due date
                                         of any payment of money, an amount in cash, sufficient, in the opinion of a regionally
                                         recognized firm of independent public accountants expressed in a written certification
                                         thereof delivered to the Trustee, to pay and discharge each installment of principal
                                         of and interest, if any, on and any mandatory sinking fund payments in respect of all
                                         the Securities of such Series on the dates such installments of interest or principal
                                         and such sinking fund payments are due;

 

		(ii)	such
                                         deposit will not result in a breach or violation of, or constitute a default under, this
                                         Indenture or any other material agreement or instrument to which the Company is a party
                                         or by which it is bound (other than a breach or violation resulting from the borrowing
                                         of funds to make such deposit and the grant of any lien securing such borrowings);

 

		(iii)	no
                                         Default or Event of Default with respect to the Securities of such Series shall
                                         have occurred and be continuing on the date of such deposit or during the period ending
                                         on the 90th day after such date;

 

		(iv)	the
                                         Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion
                                         of Counsel to the effect that (A) the Company has received from, or there has been
                                         published by, the Internal Revenue Service a ruling, or (B) since the date of execution
                                         of this Indenture, there has been a change in the applicable Federal income tax law,
                                         in either case to the effect that, and based thereon such Opinion of Counsel shall confirm
                                         that, the 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 amounts 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;

 

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		(v)	the
                                         Company shall have delivered to the Trustee an Officers’ Certificate stating that
                                         the deposit was not made by the Company with the intent of preferring the Holders of
                                         the Securities of such Series over any other creditors of the Company or with the
                                         intent of defeating, hindering, delaying or defrauding any other creditors of the Company;
                                         and

 

		(vi)	the
                                         Company shall have 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 Section have been complied with.”

 

Section 9.3            Covenant
Defeasance. Solely with respect to the Notes, the text of clauses (a) through (e) of Section 8.4 of the Base
Indenture shall be deleted and replaced, reading in their entirety as follows:

 

“(a)          With
reference to this Section 8.4, the Company has deposited or caused to be irrevocably deposited (except as provided in Section 8.2(c))
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 the Holders of such Securities, cash in Dollars and/or U.S. Government Obligations, which
through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment
and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money,
an amount in cash, sufficient, in the opinion of a regionally recognized firm of independent certified public accountants expressed
in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest,
if any, on and any mandatory sinking fund payments in respect of the Securities of such Series on the dates such installments
of interest or principal and such sinking fund payments are due;

 

(b)            such
deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other material agreement
or instrument to which the Company is a party or by which it is bound (other than a breach or violation resulting from the borrowing
of funds to make such deposit and the grant of any lien securing such borrowings);

 

(c)            No
Default or Event of Default with respect to the Securities of such Series shall have occurred and be continuing on the date
of such deposit or during the period ending on the 90th day after such date;

 

(d)            The
Company shall have delivered to the Trustee an Opinion of Counsel to the effect 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 amounts, in the same manner and at the same times as would have been the case if
such deposit and covenant defeasance had not occurred; and

 

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(e)            The
Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the covenant defeasance contemplated by this Section have been complied with.”

 

Section 9.4              Reinstatement.
If the Trustee or the Paying Agent is unable to apply any money in accordance with this Article with respect to any Notes
by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such
application, then the obligations under the Indenture and the Notes from which the Company has been discharged or released pursuant
to Article VIII shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect
to such Notes, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 8.2
of the Base Indenture with respect to such Notes in accordance with this Article; provided, however, that if the
Company makes any payment of principal of or any premium or interest on any such Note following such reinstatement of its obligations,
the Company shall be subrogated to the rights (if any) of the Holders of such Notes to receive such payment from the money so
held in trust.

 

Section 9.5              Capital
Treatment. Any defeasance of the Notes pursuant to the Indenture shall be subject to the Company obtaining the prior approval
of the Federal Reserve and any additional requirements that the Federal Reserve may impose with respect to defeasance of the Notes.
Notwithstanding the foregoing, if, due to a change in law, regulation or policy subsequent to the Issue Date of the Notes the
Federal Reserve does not require that defeasance of instruments be subject to Federal Reserve approval in order for the instrument
to be accorded Tier 2 capital treatment, then no such approval of the Federal Reserve will be required for such defeasance.

 

Article Ten

 

MISCELLANEOUS

 

Section 10.1            Application
of Supplemental Indenture. Each and every term and condition contained in this Supplemental Indenture that modifies, amends
or supplements the terms and conditions of the Base Indenture shall apply only to the Notes created hereby and not to any future
Series of Securities established under the Base Indenture.

 

Section 10.2            Benefits
of this Supplemental Indenture. Nothing contained in this Supplemental Indenture or in the Notes, express or implied, shall
give to any Person, other than the parties to the Indenture, any Registrar, any Paying Agent, any Authenticating Agent and their
successors under the Indenture, and the Holders, any benefit or any legal or equitable right, remedy or claim under the Base Indenture
or this Supplemental Indenture.

 

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Section 10.3            Modification
of the Base Indenture. Except as expressly provided by this Supplemental Indenture, the provisions of the Base Indenture shall
govern the terms and conditions of the Notes.

 

Section 10.4            Effective
Date. This Supplemental Indenture shall be effective as of the date first above written and upon the execution and delivery
hereof by each of the parties hereto.

 

Section 10.5            Counterparts.
This Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an
original, but all such counterparts shall together constitute but one and the same instrument.

 

Section 10.6            Successors
and Assigns. All covenants and agreements in the Indenture, as supplemented and amended by this Supplemental Indenture, by
the Company will bind its successors and assigns, whether so expressed or not.

 

Section 10.7            Effect
of Headings. The Article and Section headings in this Supplemental Indenture are for convenience only and shall
not affect the construction hereof.

 

Section 10.8            Separability
Clause. In case any provision in this Supplemental Indenture or in the Notes 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 10.9            Satisfaction
and Discharge of Indenture. The Indenture, with respect to the Notes, shall cease to be of further effect (except as to any
surviving rights of registration of transfer or exchange of Notes expressly provided for and rights to receive payments of principal
of and premium, if any, and interest on the Notes) upon compliance with the provisions of Section 9.2 of this Supplemental
Indenture relating to the satisfaction and discharge of the Indenture.

 

Section 10.10          Ratification
of the Base Indenture. The Base Indenture as supplemented by this Supplemental Indenture, is in all respects ratified and
confirmed, and this Supplemental Indenture will be deemed part of the Indenture in the manner and to the extent herein and therein
provided. The Base Indenture and this Supplemental Indenture shall be read, taken and construed as one and the same instrument.
All provisions included in this Supplemental Indenture supersede any conflicting provisions included in the Base Indenture unless
not permitted by law. The Trustee accepts the trusts created by the Base Indenture, as supplemented by this Supplemental Indenture,
and agrees to perform the same upon the terms and conditions of the Base Indenture, as supplemented by this Supplemental Indenture.

 

Section 10.11          Governing
Law. THIS SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED WITH THE LAWS OF THE STATE OF NEW YORK BUT
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
WOULD BE REQUIRED THEREBY (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

 

    32

     

    

 

Section 10.12          Trustee
Disclaimer. The Trustee accepts the amendments of the Base Indenture effected by this Supplemental Indenture, but on the terms
and conditions set forth in the Base Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities
of the Trustee. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever
for or with respect to (i) any of the recitals contained herein, all of which recitals are made solely by the Company, (ii) the
proper authorization hereof by the Company by action or otherwise, (iii) the due execution hereof by the Company or (iv) the
consequences of any amendment herein provided for.

 

    33

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed by their respective officers hereunto
duly authorized, all as of the day and year first above written.

 

	 	SOUTHERN
    NATIONAL BANCORP OF VIRGINIA, INC.. 
	 
	 	By:	/s/
    Jeffrey L. Karafa
	 	Name:	Jeffrey
    L. Karafa
	 	Title:	Executive
    Vice President and Chief Financial Officer

 

	 	WILMINGTON
    TRUST, NATIONAL ASSOCIATION, as Trustee
	 
	 	By:	/s/
    Michael Wass
	 	Name:	Michael
    Wass
	 	Title:	Vice
    President

 

    

     

    

 

Exhibit A

 

FORM OF
FACE OF 5.40% FIXED-TO-FLOATING RATE SUBORDINATED NOTES DUE 2030

 

THE
FOLLOWING LEGEND SHALL APPEAR ON THE FACE OF EACH GLOBAL SECURITY:

 

THIS
SECURITY IS AN UNSECURED SUBORDINATED DEBT OBLIGATION OF SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC. (THE “COMPANY”).
THIS SECURITY IS NOT A DEPOSIT OR SAVINGS ACCOUNT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER
GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

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 OF THE DEPOSITARY, WHICH SHALL BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF
THIS SECURITY FOR ALL PURPOSES.

 

UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF THE NOMINEE OF THE DEPOSITARY OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO THE NOMINEE OF
THE DEPOSITARY OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, THE NOMINEE OF THE
DEPOSITARY, HAS AN INTEREST HEREIN.

 

TRANSFERS
OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY,
OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY OR ANY SUCH NOMINEE
TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

 

    A-1

     

    

 

SOUTHERN
NATIONAL BANCORP OF VIRGINIA, INC.

 

5.40%
Fixed-to-Floating Rate Subordinated Notes due 2030

 

	No. ____	 	U.S.$_______

 

CUSIP
NO. 843395 AB0

ISIN NO. US843395AB03

 

SOUTHERN
NATIONAL BANCORP OF VIRGINIA, INC., a corporation duly organized and existing under the laws of the State of Virginia (herein
called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value
received, hereby promises to pay to                              ,
or registered assigns, the principal sum of                 
U.S. Dollars (as may be increased or decreased as reflected on the Schedule of Increases and Decreases in Global Security attached
hereto) on September 1, 2030 (such date is hereinafter referred to as the “Stated Maturity Date”), unless redeemed
prior to such date, and to pay interest thereon (i) from, and including, August 25, 2020, to, but excluding, September 1,
2025, unless redeemed prior to such date, at a rate of 5.40% per annum, semi-annually in arrears on March 1 and September 1
of each year, commencing March 1, 2021 (each such date, a “Fixed Rate Interest Payment Date,” with the period
from, and including, August 25, 2020 to, but excluding, the first Fixed Rate Interest Payment Date and each successive period
from, and including, a Fixed Rate Interest Payment Date to, but excluding, the next Fixed Rate Interest Payment Date being a “Fixed
Rate Period”) and (ii) from, and including, September 1, 2025 to, but excluding, the Stated Maturity Date, unless
redeemed subsequent to September 1, 2025 but prior to the Stated Maturity Date, at a rate equal to Three-Month Term SOFR,
reset quarterly, plus 531 basis points, or such other rate as determined pursuant to the Supplemental Indenture, payable quarterly
in arrears on March 1, June 1, September 1 and December 1 of each year through the Stated Maturity Date or
earlier Redemption Date (each, a “Floating Rate Interest Payment Date” and, together with the Fixed Rate Interest
Payment Dates, the “Interest Payment Dates,” with the period from, and including, September 1, 2025 to, but excluding,
the first Floating Rate Interest Payment Date and each successive period from, and including a Floating Rate Interest Payment
Date to, but excluding, the next Floating Rate Interest Payment Date being a “Floating Rate Period”). The amount of
interest payable on any Fixed Rate Interest Payment Date during the Fixed Rate Period will be computed on the basis of a 360-day
year consisting of twelve 30-day months up to, but excluding September 1, 2025, and, the amount of interest payable on any
Floating Rate Interest Payment Date during the Floating Rate Period will be computed on the basis of a 360-day year and the number
of days actually elapsed. In the event that any scheduled Interest Payment Date for this Security falls on a day that is not a
Business Day, then payment of interest payable on such Interest Payment Date will be paid on the next succeeding day which is
a Business Day (any payment made on such date will be treated as being made on the date that the payment was first due and no
interest on such payment will accrue for the period from and after such scheduled Interest Payment Date); provided, that in the
event that any scheduled Floating Rate Interest Payment Date falls on a day that is not a Business Day and the next succeeding
Business Day falls in the next succeeding calendar month, such Floating Rate Interest Payment Date will be accelerated to the
immediately preceding Business Day, and, in each such case, the amounts payable on such Business Day will include interest accrued
to, but excluding, such Business Day. All percentages used in or resulting from any calculation of Three-Month Term SOFR shall
be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005% rounded up to 0.00001%.

 

    A-2

     

    

 

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 fifteenth day (whether or not a Business Day) immediately preceding the applicable Interest Payment Date. Any such interest
not so punctually paid or duly provided for will 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 Company, notice whereof 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 on which the Securities of this
Series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.

 

Payment
of the principal of (and premium, if any) and interest on this Security will be made at the Corporate Trust Office of the Trustee
or at the office of any paying agent that the Company may designate, 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.

 

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.

 

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.

 

[Signature
Page Follows]

 

    A-3

     

    

 

	 	SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC.
	 
	 	By:	                 
	 	Name:	 
	 	Title:  	 

 

(Trustee’s
Certificate of Authentication)

 

This
is one of the Securities of the Series designated therein referred to

in the within-mentioned Indenture.

 

	 	WILMINGTON
    TRUST, NATIONAL ASSOCIATION, as Trustee
	 
	Dated:	By:	 
	 	Name:	 
	 	Title:	Authorized
    Officer

 

    A-4

     

    

 

[FORM OF
REVERSE SIDE OF THE NOTE]

 

This
Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and
to be issued in one or more Series under an Indenture, dated as of August 25, 2020, as supplemented by a First Supplemental
Indenture dated as of August 25, 2020 (herein collectively called the “Indenture,” which term shall have the
meaning assigned to it in such instrument), between the Company and Wilmington Trust, National Association, as Trustee (herein
called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made
to the Indenture (as amended from time to time) for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee, the holders of Senior Indebtedness and the Holders of the Securities and of the terms
upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the Series designated
on the face hereof.

 

The
indebtedness evidenced by this Security is, to the extent provided in the Indenture, subordinate and subject in right of payment
to the prior payment in full of all Senior Indebtedness, and this Security is issued subject to the provisions of the Indenture
with respect thereto. Each Holder of this Security, by accepting the same, (a) agrees to and shall be bound by such provisions,
(b) authorizes and directs the Trustee on his or her behalf to take such actions as may be necessary or appropriate to effectuate
the subordination so provided and (c) appoints the Trustee his or her attorney-in-fact for any and all such purposes. Each
Holder hereof, by his or her acceptance hereof, waives all notice of the acceptance of the subordination provisions contained
herein and in the Indenture by each holder of Senior Indebtedness, whether now outstanding or hereafter created, incurred, assumed
or guaranteed, and waives reliance by each such holder upon said provisions.

 

The
Indenture contains provisions for defeasance at any time of certain restrictive covenants and Events of Default with respect to
this Security, in each case upon compliance with certain conditions set forth in the Indenture.

 

If
an Event of Default with respect to Securities of this Series shall occur and be continuing, the principal of the Securities
shall be immediately accelerated in the manner and with the effect provided in the Indenture.

 

The
Company may, at its option, redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount
of the Securities to be redeemed, plus accrued and unpaid interest (the “Redemption Price”) to, but excluding, the
date of redemption (the “Redemption Date”), on any Interest Payment Date on or after September 1, 2025. The Company
may also, at its option, redeem the Securities before the Stated Maturity Date, in whole, but not in part, at any time, upon the
occurrence of a Tier 2 Capital Event, a Tax Event or if the Company is required to register as an investment company pursuant
to the Investment Company Act of 1940, as amended. Any such redemption will be at a redemption price equal to the Redemption Price
to, but excluding, the Redemption Date fixed by the Company.

 

    A-5

     

    

 

Notwithstanding
any of the foregoing, to the extent then required under or pursuant to applicable regulations of the Federal Reserve (or, as and
if applicable, the rules of any appropriate successor bank regulatory agency), this Security may not be repaid prior to the
Stated Maturity Date without the prior written consent of the Federal Reserve (or, as and if applicable, the rules of any
appropriate successor bank regulatory agency). 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. The provisions of Article III of the Base Indenture and Section 3.5 of the Supplemental Indenture
shall apply to the redemption of any Securities by the Company.

 

In
the event that any payment on the Securities is subject to withholding of any U.S. federal income tax or other tax or assessment
(as a result of a change in law or otherwise), the Company will not pay additional amounts with respect to such tax or assessment.

 

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 at any time by the Company and the Trustee with the consent of
the Holders of a majority in aggregate principal amount of the Securities at the time Outstanding of each Series to be affected.
The Indenture also contains provisions permitting the Holders of a specified percentage in principal amount of the Securities
at the time Outstanding, on behalf of the Holders of all Securities, to waive compliance by the Company with certain provisions
of the Indenture and certain past defaults under the Indenture 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 and offered
the Trustee indemnity satisfactory to it, and 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 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.

 

No
reference herein to the Indenture and no provision of this Security or of the Indenture shall 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 and rate, and in the coin or currency, herein prescribed.

 

    A-6

     

    

 

As
provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in
the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company maintained
under Section 2.4 of the Indenture for such purpose, duly endorsed by, or accompanied by a written instrument of transfer
in form satisfactory to the Company and the Registrar duly executed by, the Holder hereof or his 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 minimum denominations of $1,000 and integral
multiples of $1,000 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 be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 

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.

 

    A-7

     

    

 

SCHEDULE
OF INCREASES AND DECREASES IN GLOBAL SECURITY

 

The
initial principal amount of this Global Security is . The following increases and decreases in this Global Security have been
made:

 

	Date
    of Increase or Decrease	 	Amount
                                         of

                                         

        increase
        in

        

        Principal
        

        Amount

        

        of
        this Global

        

        Security
	 	Amount
                                         of

                                         

        decrease
        in

        

        Principal
        

        Amount

        

        of
        this Global

        

        Security
	 	Principal
                                         

                                         Amount

                                         

        of
        this Global

        

        Security

        following

        each
        decrease 

        or

        

        increase
	 	Signature
                                         of

                                         

        authorized

        

        signatory
        of

        

        Trustee 

 

    A-8

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