Document:

EX-10.11(b)

 Exhibit 10.11(b) 

REVOLVING CREDIT NOTE 
  

			
	$50,000,000	  	October 20, 2017

 FOR VALUE RECEIVED, INDEPENDENT BANK GROUP, INC., a Texas corporation and a registered bank holding company
(the “Borrower”), hereby promises to pay to the order of U.S. BANK, a national banking association (“Lender”), at its main office in Minneapolis, Minnesota or at such other place as the holder hereof may from time
to time in writing designate, in lawful money of the United States of America, the principal sum of Fifty Million Dollars ($50,000,000.00), or so much thereof as has been advanced and remains outstanding pursuant to Section 2.1 of the Credit
Agreement by and between the Borrower and Lender dated as of the date hereof (as the same may be amended, modified, supplemented, extended or restated from time to time, the “Credit Agreement”). The Borrower also promises to pay all
accrued interest on the unpaid principal amount of each Revolving Loan payable at such rates and at such times as provided in the Credit Agreement, and shall pay all other costs, charges and fees due thereunder, all as provided in the Credit
Agreement. This Revolving Credit Note (as the same may be amended, modified, supplemented, extended or restated from time to time, this “Note”) shall bear interest on the unpaid principal balance before maturity (whether upon
demand, acceleration or otherwise) at the rates set forth in the Credit Agreement. Capitalized terms not defined in this Note shall have the meanings ascribed thereto in the Credit Agreement. 

Subject to the provisions of the Credit Agreement with respect to acceleration, prepayment or loan limitations, all unpaid principal with
respect to each Revolving Loan, together with accrued interest and all other costs, charges and fees, shall be due and payable in full on the Termination Date for the Revolving Loans. 

This Note evidences indebtedness incurred under, and is entitled to the benefits of and is subject to, the Credit Agreement, together with all
future amendments, modifications, waivers, supplements and replacements thereof, to which Credit Agreement reference is made for a statement of the terms and provisions applicable to this Note, including those governing payment and acceleration of
this Note. Payment and performance of this Note are secured pursuant to a Negative Pledge Agreement, and reference is made thereto and to the Credit Agreement for a statement of terms and provisions thereof. In the event of any conflict between the
terms of this Note and the Credit Agreement, the Credit Agreement shall control. 
 Subject to the Credit Agreement, the Borrower may, from
time to time and without premium or penalty, borrow, prepay and reborrow all loans evidenced by this Note in whole or in part, pursuant to the terms of the Credit Agreement. 

The Borrower hereby agrees to pay such costs incurred by Lender, including reasonable attorneys’ fees and legal expenses, as are
specified in the Credit Agreement. 
 This Note is issued in and shall be governed by the laws of the State of New York. 

No delay or omission on the part of Lender in exercising any right hereunder shall operate as a waiver of such right or of any other remedy
under this Note. A waiver on any one occasion shall not be construed as a waiver of any such right or remedy on a future occasion. 

 All makers, endorsers, sureties, guarantors and other accommodation parties hereby waive
presentment for payment, protest, notice of demand, notice of dishonor and notice of nonpayment and consent, without affecting their liability hereunder, to any and all extensions, renewals, substitutions and alterations of any of the terms of this
Note and to the release of or failure by Lender to exercise any rights against any party liable for or any property securing payment of this Note. 
  

			
	INDEPENDENT BANK GROUP, INC.
		
	By:	 	 /s/ David R. Brooks

	Name:	 	  

	Title:	 	  

  
 -2-EX-10.11(c)

 Exhibit 10.11(c) 

DEFINITIVE AGREEMENT 

NEGATIVE PLEDGE AGREEMENT 

This NEGATIVE PLEDGE AGREEMENT (this “Agreement”) is made as of this 20th day of October, 2017, by INDEPENDENT BANK GROUP,
INC., a Texas corporation and a registered bank holding company (the “Borrower”), in favor of U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Administrative Agent for the Lenders (defined below) (the
“Administrative Agent”). 
 RECITALS 

The Administrative Agent and the Lenders have entered into the Credit Agreement (defined below) with the Borrower pursuant to which the
Administrative Agent and the Lenders have agreed to extend credit to the Borrower upon the terms set forth in the Credit Agreement. The Administrative Agent and the Lenders would not have agreed to extend such credit but for this Agreement. The
Lenders have authorized and directed the Administrative Agent to accept and acknowledge this Agreement on their behalf. 
 NOW, THEREFORE,
in consideration of the extension of credit to the Borrower, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Borrower hereby agrees: 

AGREEMENT 
 1.
Definitions. Capitalized terms used herein without definition shall have the meanings ascribed thereto in the Credit Agreement (as hereinafter defined). In addition, the following terms used in this Agreement shall have the following
meanings: 
 “Credit Agreement” shall mean the Credit Agreement among the Borrower, the Lenders and the Administrative
Agent, dated as of the date hereof, as the same may be amended, modified, extended, supplemented or restated from time to time hereafter. 

“Shares” shall mean, collectively, 100% of the issued and outstanding capital stock, equity and other ownership interests
(and any rights to acquire any of such interests) of each Bank Subsidiary owned by the Borrower, and any further securities, warrants, options, rights, cash or property issued as an addition to, in substitution of, in exchange for, or with respect
to such ownership interests. 
 2. Negative Pledge. The Borrower covenants and agrees that, unless consented to by the Administrative
Agent, from and after the date of this Agreement and until the Termination Date and until all Obligations to the Lenders are paid in full, the Borrower will (a) not sell, option, exchange or otherwise convey any legal, equitable or beneficial
interest in the Shares or any part thereof, and (b) keep the Shares free and clear from any pledge, mortgage, security interest, hypothecation, lien, charge, encumbrance, conditional sale agreements, rights or claims of third parties, other
burdens and any security interest therein, other than Permitted Liens. 

 3. Certain Representations and Warranties. The Borrower represents and warrants to the
Administrative Agent and the Lenders as follows: 
 (a) Ownership. The Borrower is the record and beneficial owner of all the Shares.
The Shares represent, and during the term of this Agreement will represent, all of the issued and outstanding capital stock, equity and other ownership interests (and any rights to acquire any of such interests) of each Bank Subsidiary. 

(b) Authority. The Borrower has all necessary power and authority to enter into this Agreement and perform its obligations hereunder.
The execution, delivery and performance of this Agreement: (i) do not require the approval of any Governmental Authority or other Person; and (ii) will not violate any law, agreement or restriction by which the Borrower is bound. This
Agreement is the legal, valid and binding obligation of the Borrower and is enforceable against it in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting
creditors’ rights generally or by equitable principles relating to enforceability. 
 (c) Title. The Shares are genuine, and the
Borrower has good title to the Shares. The Shares are owned by the Borrower free and clear of any pledge, mortgage, security interest, hypothecation, lien, charge, encumbrance, conditional sale agreements, rights or claims of third parties, other
burdens and any security interest therein, other than Permitted Liens. 
 4. Default; Expenses. The failure of the Borrower to comply
with any term of this Agreement shall constitute an Event of Default under the Credit Agreement. In addition, the Borrower shall reimburse the Administrative Agent and the Lenders (and any agent or representative of the Administrative Agent or the
Lenders) for any expenses incurred by the Administrative Agent or the Lenders (or such agent or representative of the Administrative Agent or the Lenders) in protecting or enforcing their rights under this Agreement, including, without limitation,
reasonable attorneys’ fees. 
 5. Further Assurances. The Borrower agrees to execute and deliver, or cause to be executed and
delivered, all such other papers and to take all such other actions as the Administrative Agent may reasonably request from time to time in order to carry out the purposes of this Agreement. 

6. Term. When all of the Obligations are irrevocably and fully paid and fully discharged and the Lenders shall have no further
obligation or commitment to advance or extend credit to the Borrower under the Credit Agreement, this Agreement shall terminate. Notwithstanding the foregoing, this Agreement shall apply to all extensions, renewals, refinancings or modifications, if
any, of the Obligations. 
 7. Miscellaneous. 

(a) Waivers. No failure to exercise and no delay in exercising on the part of the Administrative Agent or the Lenders any right, power
or remedy under this Agreement shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right, power, or remedy.
The failure of the Administrative Agent or the Lenders to insist upon the strict 

  
 -2- 

 
observance or enforcement of any provision of this Agreement shall not be construed as a waiver or relinquishment of such provision. Any waiver of any right, power, remedy, term or condition
contained herein shall only be effective if it is in writing and signed by the Administrative Agent and the Required Lenders. 
 (b)
Amendments. This Agreement may only be amended by a writing executed by the Borrower, the Administrative Agent and the Required Lenders. 

(c) Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York.

 (d) Successors and Assigns. This Agreement shall inure to the benefit of the Administrative Agent and the Lenders and be binding
upon the Borrower and its successors and assigns. This Agreement shall not be assigned by the Borrower. 
 (e) Counterparts. This
Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which when taken together shall be deemed to constitute one and the same agreement. 

(f) Headings. The Section headings set forth in this Agreement are for convenience of reference only and shall not be deemed to define
or limit the provisions hereof or to affect in any way their construction and application. 
 (g) Incorporation of Recitals. The
Recitals to this Agreement are true, correct and incorporated herein by reference. 
 [Signature Page Follows] 

  
 -3- 

 IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Negative Pledge
Agreement as of the date first above written. 
  

			
	INDEPENDENT BANK GROUP, INC.
		
	By:	 	 /s/ David R. Brooks

	Name:	 	  

	Title:	 	  

 Acknowledged and accepted by: 
  

			
	 U.S BANK NATIONAL ASSOCIATION,
 as
Administrative Agent

		
	By:	 	 /s/ Gregory A. Hargis

	Name:	 	 Gregory A. Hargis

	Title:	 	 Vice President

  
 -4-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00278-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00278-of-00352.parquet"}]]