Document:

Exhibit

EXHIBIT 10.5

STAGE STORES, INC.
RESTRICTED STOCK UNIT AWARD AGREEMENT
THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”) is made effective as of the ______ day of __________, 20____ (the “Effective Date”), by and between Stage Stores, Inc., a Nevada corporation (hereinafter called the “Company”), and ________________, an employee of the Company, its subsidiaries or its affiliates (hereinafter called the “Employee”). 
WHEREAS, the Board of Directors of the Company (the “Board”) has adopted the Stage Stores, Inc. Second Amended and Restated 2008 Equity Incentive Plan (the “Plan”), as it may be amended from time to time; and
WHEREAS, the Company considers it desirable and in the Company’s best interests that the Employee be given an opportunity to earn compensation that directly correlates to the value of the Company’s authorized voting common stock, par value $0.01 (the “Common Shares”) in furtherance of the Plan to provide incentive for the Employee to remain an employee of the Company, its subsidiaries or its affiliates and to promote the growth, earnings and success of the Company.
NOW, THEREFORE, in consideration of the premises, it is agreed as follows:
1.    GRANT OF AWARD.  The Company hereby grants to the Employee as of the Effective Date a restricted stock unit award equivalent to _______ Common Shares (the “Award”) pursuant to the terms and conditions contained herein and the terms and conditions of the Plan.
2.    VESTING.  Except as otherwise set forth in this Agreement, the Award shall vest according to the following schedule (each a “Vesting Date”) and become payable as set forth in Section 8 below:
	
		
	Vesting Date to be the
Period from Date of Grant
	Cumulative Percentage of Award Which Shall Vest

	1 year
	25%

	 2 years
	50%

	 3 years
	75%

	 4 years
	100%

3.    RIGHTS.  Subject to the terms of this Agreement, the Employee shall not have any rights of a shareholder with respect to the Award.  Notwithstanding the foregoing, if the Employee holds any portion of the Award that is unvested and unexpired as of the close of business on a record date for determining the shareholders to which the Company has declared and pays a cash dividend on the Common Shares, the Employee shall receive a dividend equivalent payment equal to an amount, calculated with respect to only that portion of the Award that is then unvested and unexpired, which is determined by multiplying the number of Common Shares then subject to the unvested and unexpired portion of the Award by the per-Common Share cash dividend paid by the Company on the Common Shares.  

4.    DEATH OF EMPLOYEE.  If the Employee’s employment with the Company is terminated due to death, the Award will immediately vest and become payable as set forth in Section 8 below.
5.    DISABILITY OF EMPLOYEE.  If the Employee’s employment with the Company is terminated due to disability, the Award will immediately vest and become payable as set forth in Section 8 below.  For the purposes of this Agreement, the Employee shall be deemed to have terminated his or her employment by the Company by reason of disability, if the Committee shall determine that the physical or mental condition of the Employee by reason of which his or her employment terminated was such at that time as would entitle him or her to payment of monthly disability benefits under any Company disability plan.  If the Employee is not eligible for benefits under any disability plan of the Company, he or she shall be deemed to have terminated his or her employment by reason of disability if the Committee shall determine that his or her physical or mental condition would entitle him or her to benefits under any Company disability plan if he or she were eligible therefor.
6.    CHANGE IN CONTROL.  In the event of a Change in Control, the Award will immediately vest and shall become payable to the Employee within thirty (30) days of the Change of Control.  For purposes of this Agreement, a “Change in Control” shall be deemed to have occurred:
(a)    on such date within the 12-month period following the date that any one person, or more than one person acting as a group (as defined in §1.409A-3(i)(5)(v)(B) of the Treasury Regulations), acquires ownership of stock that represents twenty-five percent (25%) or more of the combined voting power of the Company’s then outstanding securities (the “Trigger Date”), that a majority of the individuals who, as of the Trigger Date, constitute the Board (the “Incumbent Board”) are replaced by new members whose appointment or election is not endorsed by a majority of the members of the Incumbent Board before the date of such appointment or election;
(b)    as of the date that any one person, or more than one person acting as a group (as defined in §1.409A-3(i)(5)(v)(B) of the Treasury Regulations), acquires ownership of stock that, together with stock held by such person or group, constitutes more than 50% of either (1) the then outstanding shares of common stock of the Company or (2) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors; provided, however, if any one person or more than one person acting as a group, is considered to own more than fifty percent (50%) of the total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same person or persons shall not be considered to cause a Change in Control; or
(c)    the date any one person, or more than one person acting as a group (as defined in §1.409A-3(i)(5)(v)(B) of the Treasury Regulations), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) all, or substantially all, of the assets of the Company, except for any sale, lease exchange or transfer resulting from any action taken by any creditor of the Company in enforcing its rights or remedies against any assets of the Company in which such creditor holds a security interest.  Provided further, a transfer of assets by the Company shall not be treated as a Change in Control if the assets are transferred to:

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(i)    A shareholder of the Company (immediately before the asset transfer) in exchange for or with respect to its stock;
(ii)    An entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company;
(iii)    A person, or more than one person acting as a group, that owns, directly or indirectly, 50% or more of the total value or voting power of all the outstanding stock of the Company; or
(iv)    An entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a person described in paragraph (iii) herein.
For purposes of subsection (c) and except as otherwise provided in paragraph (i), a person’s status is determined immediately after the transfer of the assets.
7.    OTHER TERMINATION OF EMPLOYMENT.  If the Employee leaves the Company for any reason other than death or disability before vesting, the unvested portion of the Award shall be forfeited.      
8.    SETTLEMENT.  Following the Vesting Date and subject to the Payment Market Value Cap (as defined below), the Company shall settle the vested portion of the Award in cash with a payment to the Employee equal to (a) the number of Common Share equivalents under the Award then vesting, multiplied by (b) the fair market value of the Common Shares upon each Vesting Date (“Payment Market Value”).  The cash payment will be paid to the Employee within thirty (30) days after the applicable Vesting Date or such earlier termination of employment on account of death or disability.  Notwithstanding the foregoing, any cash payment made with respect to the vested portion of the Award will be subject to automatic reduction if the Payment Market Value exceeds five times (5x) the fair market value of the Common Shares on the Effective Date (the “Payment Market Value Cap”), with such automatic reduction of clause 8(b) above to be to the Payment Market Value Cap. 
9.    ASSIGNMENT.  The rights under this Agreement shall not be assignable or transferable by the Employee, except by will or by the laws of descent and distribution.  Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the rights under this Agreement contrary to the provisions hereof shall be null and void and without effect.  
10.    WITHHOLDING TAXES.  Whenever the Company proposes or is required to settle all or a portion of the Award, the Company shall have the right to withhold an amount in cash sufficient to satisfy any Federal, state and/or local withholding tax requirements prior to the delivery of any payment under this Agreement.  For withholding tax purposes, the vested portion of the Award shall be valued on the date the withholding obligation is incurred. 
11.    RIGHT TO TERMINATE EMPLOYMENT.  Nothing in this Agreement shall confer upon the Employee the right to continue in the employment of the Company, its subsidiaries or its affiliates or affect any right which the Company, its subsidiaries or its affiliates may have to terminate the employment of the Employee.
12.    ADJUSTMENTS.  In the event of any change in the outstanding common stock of the Company by reason of stock splits, reverse stock splits, stock dividends or distributions,

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recapitalization, reorganization, merger, consolidation, split-up, combination, exchange of shares or the like, the Board shall make an equitable adjustment to the number of Common Shares to which the Award relates, and take any and all other actions deemed appropriate by the Board.
13.    SEVERABILITY.  Every part, term or provision of this Agreement is severable from the others.  Notwithstanding any possible future finding by a duly constituted authority that a particular part, term or provision is invalid, void or unenforceable, this Agreement has been made with the clear intention that the validity and enforceability of the remaining parts, terms and provisions shall not be affected thereby.
14.    NOTICE.  Any notice to be delivered under this Agreement shall be given in writing and delivered, personally or by certified mail, postage prepaid, addressed to the Company or the Employee at their last known address.
15.    GOVERNING LAW.  This Agreement shall be construed in accordance with and governed by the applicable Federal law and, to the extent otherwise applicable, the laws of the State of Texas.
16.    HEADINGS.  The headings in this Agreement are for convenience only and shall not be used to interpret or construe the provisions of this Agreement.
17.    BINDING EFFECT.  This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company.
18.    INCORPORATION OF PLAN.  The Award is granted pursuant to the terms of the Plan, which is incorporated herein by reference, and this Agreement shall in all respects be interpreted in accordance with the Plan.  If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the Plan’s terms shall completely supersede and replace the conflicting terms of this Agreement.  All capitalized terms shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein.  
19.    MODIFICATION; 409A COMPLIANCE.  This Agreement is intended to be exempt from or otherwise comply with the provisions of Section 409A of the Code.  Notwithstanding the foregoing, if the Award constitutes “deferred compensation” under Section 409A of the Code and the Award becomes vested and settled upon the Employee’s termination of employment, payment with respect to the Award shall be delayed for a period of six months after the Employee’s termination of employment if the Employee is a “specified employee” as defined under Section 409A of the Code and if required pursuant to Section 409A of the Code.  If payment is delayed, the Award shall be paid within thirty (30) days after the date that is six (6) months following the Employee’s termination of employment.  Payments with respect to the Award may only be paid in a manner and upon an event permitted by Section 409A of the Code, and each payment under the Award shall be treated as a separate payment, and the right to a series of installment payments under the Award shall be treated as a right to a series of separate payments.   In no event shall the Employee, directly or indirectly, designate the calendar year of payment.  The Company may change or modify the terms of this Agreement without the Employee’s consent or signature if the Company determines, in its sole discretion, that such change or modification is necessary for purposes of compliance with or exemption from the requirements of Section 409A of the Code or any regulations or other guidance issued thereunder.  Notwithstanding the previous 

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sentence, the Company may also amend the Plan or this Agreement or revoke the Award to the extent permitted by the Plan.
IN WITNESS WHEREOF, the parties hereto have caused this Award Agreement to be executed as of the Effective Date.
	
				
	“COMPANY”
	 
	 
	Stage Stores, Inc.

	 
	 
	 
	 

	 
	 
	 
	By:                                                                          

	 
	 
	 
	Name:                                                                     

	 
	 
	 
	Title:                                                                       

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	“EMPLOYEE”
	 
	 
	                                                                                

	 
	 
	 
	                                                     , an individual

5EX-4.1

 Exhibit 4.1 

ATMOS ENERGY CORPORATION 

Officers’ Certificate Pursuant to Section 301 of the Indenture 

June 8, 2017 
 Each of the
undersigned, Christopher T. Forsythe, Senior Vice President and Chief Financial Officer, and Phillip L. Allbritten, Associate General Counsel and Assistant Corporate Secretary of Atmos Energy Corporation (the “Company”) certifies, pursuant
to the authority delegated to each of them, as an officer of the Company, pursuant to the resolutions adopted by the board of directors of the Company (the “Board”) on May 2, 2017 (copies of which resolutions are attached hereto as
Exhibit I), that pursuant to Section 301 of the Indenture dated as of March 26, 2009 (the “Indenture”) between the Company and U.S. Bank National Association, as trustee (the “Trustee”), the series of debt
securities of the Company described herein are hereby established with the following terms and provisions (unless otherwise defined herein, capitalized terms used herein have the meaning given thereto in the Indenture): 

1.    The titles of the series of securities to be issued are the 3.000% Senior Notes due 2027 (the
“2027 Notes”) and the 4.125% Senior Notes due 2044 (the “additional 2044 Notes”). The additional 2044 Notes are an additional issuance of the Company’s 4.125% Senior Notes due 2044 originally issued on October 15, 2014
(the additional 2044 Notes, together with the previously issued 4.125% Senior Notes due 2044, the “2044 Notes;” and the 2027 Notes, together with the additional 2044 Notes, the “Notes”). 

2.    The Notes are unsubordinated and will rank equally with all of the Company’s other unsecured and
unsubordinated debt. Subordinated debt will rank junior to the Notes and the Company’s other senior debt. 

3.    Prior to the issuance of the additional 2044 Notes, there are $500,000,000 aggregate principal amount
of 2044 Notes outstanding under the Indenture. The aggregate principal amount of the additional 2044 Notes that initially may be issued under the Indenture, in connection with the Underwriting Agreement, dated as of June 5, 2017, among the
Company and certain underwriters named therein (the “Underwriting Agreement”), is $250,000,000, and the Stated Maturity of the 2044 Notes is October 15, 2044. The additional 2044 Notes shall be offered to the public at a price
representing 103.907% of their principal amount. 
 4.    The aggregate principal amount of the 2027
Notes that initially may be issued under the Indenture, in connection with the Underwriting Agreement, is $500,000,000, and the Stated Maturity of the 2027 Notes is June 15, 2027. The 2027 Notes shall be offered to the public at a price
representing 99.725% of their principal amount. 
 5.    The additional 2044 Notes shall bear interest at
the rate of 4.125% per annum. Interest on the additional 2044 Notes will be payable in arrears on April 15 and October 15 of each year (each, a “2044 Notes Interest Payment Date”), beginning October 15, 2017. Interest
payable on each 2044 Notes Interest Payment Date will 

  
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include interest accrued from and including April 15, 2017, or from and including the most recent 2044 Notes Interest Payment Date to which interest has been paid or duly provided for, as
the case may be, to but excluding such 2044 Notes Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The interest
so payable, and punctually paid or duly provided for, on any 2044 Notes Interest Payment Date will, as provided in the Indenture, be paid to the Holder in whose name the 2044 Notes are registered at the close of business on the April 1 or
October 1 (whether or not a Business Day) preceding the respective 2044 Notes Interest Payment Date. The payment of any Defaulted Interest on the 2044 Notes shall be payable to the Holders of the 2044 Notes on a Special Record Date established
therefor pursuant to the Indenture, or shall be paid at any time in any other lawful manner, all as more fully provided in the Indenture. 

6.    The 2027 Notes shall bear interest at the rate of 3.000% per annum. Interest on the 2027 Notes will
be payable in arrears on June 15 and December 15 of each year (each, a “2027 Notes Interest Payment Date”), beginning December 15, 2017. Interest payable on each 2027 Notes Interest Payment Date will include interest accrued
from and including June 8, 2017, or from and including the most recent 2027 Notes Interest Payment Date to which interest has been paid or duly provided for, as the case may be, to but excluding such 2027 Notes Interest Payment Date. Interest
will be computed on the basis of a 360-day year of twelve 30-day months. The interest so payable, and punctually paid or duly provided for, on any 2027 Notes Interest
Payment Date will, as provided in the Indenture, be paid to the Holder in whose name the 2027 Notes are registered at the close of business on the June 1 or December 1 (whether or not a Business Day) preceding the respective 2027 Notes
Interest Payment Date. The payment of any Defaulted Interest on the 2027 Notes shall be payable to the Holders of the 2027 Notes on a Special Record Date established therefor pursuant to the Indenture, or shall be paid at any time in any other
lawful manner, all as more fully provided in the Indenture. 
 7.    Payment of the principal of (and
premium, if any) and interest on the Notes will be made at the office or agency of the Company maintained for that purpose in the Borough of Manhattan, the City of New York, or at such other office or agency of the Company as may be maintained for
such purpose, 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. So long as the Notes remain in book-entry form, all payments of principal and interest will be
made by the Company in immediately available funds. 
 8.    The Company may redeem the 2044 Notes prior
to maturity at its option, at any time in whole or from time to time in part. Prior to April 15, 2044, the Redemption Price with respect to the 2044 Notes shall be equal to the greater of: 

(a)    100% of the principal amount of the 2044 Notes to be redeemed, and 

(b)    as determined by the Quotation Agent (as defined below), the sum of the present values of the
Remaining Scheduled Payments (as defined below) of principal and interest on the 2044 Notes to be redeemed discounted to the Redemption Date on a semi-

  
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annual basis assuming a 360-day year consisting of twelve 30-day months at the Adjusted Treasury Rate (as defined
below) plus 15 basis points; plus, in each case, accrued and unpaid interest on the principal amount of 2044 Notes being redeemed to the Redemption Date. 

At any time on or after April 15, 2044, the Redemption Price with respect to the 2044 Notes shall be equal to 100% of the principal amount
of the 2044 Notes to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date. 

9.    The Company may redeem the 2027 Notes prior to maturity at its option, at any time in whole or from
time to time in part. Prior to March 15, 2027, the Redemption Price with respect to the 2027 Notes shall be equal to the greater of: 

(a)    100% of the principal amount of the 2027 Notes to be redeemed, and 

(b)    as determined by the Quotation Agent (as defined below), the sum of the present values of the
Remaining Scheduled Payments (as defined below) of principal and interest on the 2027 Notes to be redeemed that would be due if the 2027 Notes matured on the Par Call Date (as defined below), discounted to the Redemption Date on a semi-annual basis
assuming a 360-day year consisting of twelve 30-day months at the Adjusted Treasury Rate (as defined below) plus 15 basis points; plus, in each case, accrued and unpaid
interest on the principal amount of 2027 Notes being redeemed to the Redemption Date. 
 At any time on or after March 15, 2027, the
Redemption Price with respect to the 2027 Notes shall be equal to 100% of the principal amount of the 2027 Notes to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date. 

“Adjusted Treasury Rate” means, for any Redemption Date, the rate per annum equal to the semi-annual equivalent yield
to maturity of the Comparable Treasury Issue, assuming a price of the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption Date; 

“Comparable Treasury Issue” means, with respect to a series of Notes, the United States Treasury security selected by
the Quotation Agent as having a maturity comparable to the remaining term of the Notes of such series to be redeemed (assuming, with respect to the 2027 Notes, that they matured on the Par Call Date) that would be used, at the time of a selection
and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes of such series to be redeemed; 

“Comparable Treasury Price” means, for any Redemption Date, the average of the Reference Treasury Dealer Quotations
for that Redemption Date; 
 “Par Call Date” means, with respect to the 2027 notes, March 15, 2027; 

“Primary Treasury Dealer” means a primary U.S. government securities dealer in New York City; 

  
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 “Quotation Agent” means the Reference Treasury Dealer appointed by the
Company to act as a quotation agent; 
 “Reference Treasury Dealer” means: (i) with respect to the 2044 Notes
(A) Merrill Lynch, Pierce, Fenner & Smith Incorporated and any Primary Treasury Dealer selected by each of Credit Agricole Securities (USA) Inc. and Wells Fargo Securities, LLC, and any of such parties’ successors, and
(B) any other Primary Treasury Dealer selected by the Company; and (ii) with respect to the 2027 Notes, each of BNP Paribas Securities Corp., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, and their respective successors;
provided, however, that with respect to a series of Notes, if any of the entities listed above for such series ceases to be a Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer for such series of
Notes; 
 “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed, in each case, as a percentage of its principal amount) quoted in writing to the Trustee at 5:00 p.m., Eastern time
by such Reference Treasury Dealer on the third Business Day preceding such Redemption Date; and 
 “Remaining Scheduled
Payments” means, with respect to each Note to be redeemed, the remaining scheduled payments of the principal and interest on such Note that would be due after the related Redemption Date but for such redemption; provided, however, that if such
Redemption Date is not a 2044 Notes Interest Payment Date with respect to the additional 2044 Notes or a 2027 Notes Interest Payment Date with respect to the 2027 Notes, the amount of the next succeeding scheduled interest payment on such Note will
be reduced by the amount of interest accrued on such Note to such Redemption Date. 
 10.    In the case
of a partial redemption of the Notes of a series, the Notes to be redeemed shall be selected by the Trustee from the outstanding Notes of such series not previously called for redemption, in the case of the 2027 Notes, in accordance with the
procedures of the Depository and, in the case of the 2044 Notes, by such method as the Trustee shall deem fair and appropriate (or, in the case of Notes issued in global form, by such method as the Depository may require), and, in each case, which
may provide for the selection for redemption of portions of the principal of the Notes of such series. A partial redemption shall not reduce the portion of the principal amount of a Note not redeemed to a principal amount of less than $2,000. Notice
of any redemption will be mailed by first class mail at least 30 days but not more than 60 days before the Redemption Date to each Holder of the Notes of the series to be redeemed at its registered address. If any Notes are to be redeemed in part
only, the notice of redemption will state the portion of the principal amount of the Notes of the series to be redeemed. A new Note in a principal amount equal to the unredeemed portion of the Note will be issued in the name of the Holder of the
Note upon surrender for cancellation of the original Note. Unless the Company defaults in payment of the Redemption Price, on and after the Redemption Date, interest will cease to accrue on the Notes or the portions of the Notes called for
redemption. 

  
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 11.    Section 703 of the Indenture is replaced with the
following in its entirety for purposes of the Notes only: 
 The Company shall: 

(1)    file with the Trustee, within 30 days after the Company has filed the same with the Commission,
unless such reports are available on the Commission’s EDGAR filing system (or any successor thereto), 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
Commission may from time to time by rules and regulations prescribe) which the Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to file
information, documents or reports pursuant to either of such Sections, then the Company shall file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the
supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of the Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from time to
time in such rules and regulations; 
 (2)    file with the Trustee and the Commission, in accordance
with rules and regulations prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time
to time by such rules and regulations; and 
 (3)    transmit to all Holders, as their names and
addresses appear in the Security Register, within 30 days after the filing thereof with the Trustee, in the manner and to the extent provided in TIA Section 313(c), such summaries of any information, documents and reports required to be filed by the
Company pursuant to Subsections (1) and (2) of this Section 703 as may be required by rules and regulations prescribed from time to time by the Commission. 

12.    The Company has no obligation to redeem, purchase or repay the Notes pursuant to any mandatory
redemption or sinking fund or analogous provisions or at the option of the Holder thereof. 
 13.    The
entire principal amount of the Notes of a series shall be payable upon declaration of acceleration of the Maturity of the Notes of such series pursuant to the Indenture. 

14.    The defeasance and covenant defeasance provisions of Article Fourteen of the Indenture shall apply
to the Notes. 
 15.    The Trustee, the initial Paying Agent and the initial Security Registrar for the
Notes shall be U.S. Bank National Association. The Security Register for the Notes shall be initially maintained at, and the place where such Notes may be surrendered for registration of transfer or exchange shall be, the Trustee’s Corporate
Trust Office located at 1349 West Peachtree Street, Suite 1050, Atlanta, Georgia 30309. 

  
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 16.    The additional 2044 Notes will be issued in registered
permanent global form and each evidenced by a global security (a “Global Security”) in substantially the form attached hereto as Exhibit II-A, and the 2027 Notes will be issued in registered
permanent global form and each evidenced by a Global Security in substantially the form attached hereto as Exhibit II-B, with such appropriate insertions, omissions, substitutions and other variations
as are required or permitted by the Indenture, and may have imprinted or otherwise reproduced thereon such legend or legends or endorsements, not inconsistent with the provisions of the Indenture, as may be required to comply with any law or with
any rules or regulations pursuant thereto, or with any rules of any securities exchange or to conform to general usage, all as may be determined by the officers executing each such Global Security, as evidenced by their execution of such Global
Security. The beneficial owners of interests in each of the Global Securities may exchange such interests for the applicable series of Notes in certificated form (the “Definitive Notes”) only in limited circumstances as provided in the
Indenture. In the event that Definitive Notes are issued in exchange for a Global Security, the form of certificate evidencing each Definitive Note shall be in substantially the form of the applicable attached Global Security, with such changes as
are necessary to evidence the applicable series of Notes in definitive form rather than as a Global Security. The Company initially appoints DTC to act as Depository with respect to the Notes. 

17.    The Notes are issuable in denominations of $2,000 and any integral multiples of $1,000 in excess
thereof. 
 18.    The Events of Default set forth in the Indenture shall apply to the Notes. 

19.    The Company will not pay Additional Amounts on the Notes held by any Holder who is not a United
States person in respect of any tax, assessment or governmental charge withheld or deducted. 

20.    The Company may, at any time, without the consent of the Holders of the Notes of a series, create
and issue additional securities having the same ranking, interest rate, maturity and other terms as the Notes of such series. Any such additional securities shall be consolidated and form the same series of the Notes of such series having the same
terms as to status, redemption and otherwise as the Notes of such series under the Indenture. 
 Each of us further certifies that the form
and terms of the Notes as established in this certificate have been established pursuant to Section 301 of the Indenture and comply with the Indenture. 

[Signature page follows] 

  
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 IN WITNESS WHEREOF, I have executed this certificate as of the date first written above. 

 

					
	By: 	 	 /s/ Christopher T. Forsythe

		 	Name: 	 	Christopher T. Forsythe
		 	Title:	 	Senior Vice President and
		 		 	Chief Financial Officer

 IN WITNESS WHEREOF, I have executed this certificate as of the date first written above. 

 

					
	By: 	 	 /s/ Phillip L. Allbritten

		 	Name: 	 	Phillip L. Allbritten
		 	Title:	 	 Associate General Counsel and Assistant

Corporate Secretary

 Officer’s Certificate Pursuant to Section 301 of the Indenture 

  
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 EXHIBIT I 

ATMOS ENERGY CORPORATION 

ASSISTANT SECRETARY’S CERTIFICATE 

The undersigned, being the Assistant Corporate Secretary of ATMOS ENERGY CORPORATION, a Texas and Virginia corporation (the
“Company”), does hereby certify that the following resolutions were duly adopted by the Board of Directors of the Company at a meeting of the Board held on May 2-3, 2017: 

WHEREAS, on March 28, 2016, the Company filed with the Securities and Exchange Commission (the “SEC”) its
registration statement on Form S-3, whereby a total of $2.5 billion of debt and equity securities were registered with the SEC, with such registration statement (the “Shelf’) being automatically effective upon its filing; and 

WHEREAS, the Company has received orders approving the issuance of securities under the Shelf from all requisite state
regulatory commissions (the “State Approvals”) that may be issued; and 
 WHEREAS, primarily due to projected
continuing increases in capital expenditures and the continuing need to preserve maximum financial flexibility, Management is requesting approval for the issuance under the Shelf in June 2017 of up to $750 million of senior debt securities having a
maturity of up to thirty (30) years, at a coupon rate not to exceed 5.50 percent (5.50%) per annum; and 
 WHEREAS, the
proceeds of the issuance of the senior debt securities will be used primarily (i) to repay the $250 million senior notes maturing June 15, 2017 or (ii) for other general corporate purposes, including the repayment of working capital borrowings
pursuant to our commercial paper program. 
 NOW, THEREFORE BE IT RESOLVED, that the Chief Executive Officer, Senior Vice
President and Chief Financial Officer, Vice President and Treasurer and any other Vice President of the Company, or any of them, be, and they hereby are, authorized and directed, for and on behalf of the Company, with respect to the foregoing
offering, to negotiate the terms of and enter into any underwriting agreements as deemed necessary, any form of indenture with a third party financial institution as Trustee and Paying Agent and any other agreement with a third party as may be
necessary, appropriate, or desirable to cause the issuance and sale by the Company in June 2017 through and pursuant to the terms of the Shelf and in accordance with the State Approvals, senior debt securities in a total amount of up to $750
million, with a maximum final maturity of up to thirty (30) years and at a coupon rate not to exceed 5.50 percent (5.50%) per annum; and 

FURTHER RESOLVED, that when any of such above agreements are executed and delivered, each of them shall be a valid and binding
agreement of the Company; and 

  
 8 

 FURTHER RESOLVED, that, the Chief Executive Officer, Senior Vice President and
Chief Financial Officer, Vice President and Treasurer, any other Vice President and the directors of the Company, or any of them, be, and they hereby are, authorized and directed, for and on behalf of the Company, to prepare, or cause to be
prepared, and to execute, verify, and file, or cause to be filed, with the SEC, any required amendments to Form S-3 for the Shelf on file with the SEC, together with any and all exhibits and documents or supplemental information relating thereto,
including supplements to the prospectus, in connection with the issuance and sale of the senior debt securities as above described, as shall be approved by the officers and directors of the Company executing the same, the approval of such officers
and directors to be conclusively evidenced by their execution thereof, and that any actions heretofore taken in connection therewith be, and they hereby are, ratified, approved, and confirmed in all respects; and 

FURTHER RESOLVED, that each of the Chief Executive Officer, Senior Vice President and Chief Financial Officer, Vice President
and Treasurer, any other Vice President and the directors of the Company who may execute any such amendment to the Shelf or any supplement thereto, be and hereby is, authorized to execute a power of attorney appointing Kim R. Cocklin or Christopher
T. Forsythe as his true and lawful attorney for him and in his name and stead and in his capacity as an officer or director to sign the registration statement, any and all amendments and supplements thereto, and all instruments, papers, or documents
in connection therewith, and to file the same with the SEC, with full power and authority granted to said attorney to do and perform in the name and on behalf of each of said officers or directors each and every act whatsoever necessary or
appropriate in connection with the registration of the senior debt securities to the same extent that such officer or director might or could do in person; and 

FURTHER RESOLVED, that the net proceeds to the Company from the issuance and sale of the senior debt securities that are to be
issued and sold shall be used by the Company (i) to repay the $250 million senior notes maturing June 15, 2017 or (ii) for other general corporate purposes, including the repayment of working capital borrowings pursuant to our commercial paper
program; and 
 FURTHER RESOLVED, that the Chief Executive Officer, Senior Vice President and Chief Financial Officer, Vice
President and Treasurer, any other Vice President, and the Corporate Secretary and any Assistant Corporate Secretary of the Company, or any of them, be, and they hereby are, authorized to determine the states in which appropriate action shall be
taken to qualify or register for sale all or such part of the senior debt securities as said officers may deem advisable; that said officers be, and hereby are, authorized to perform on behalf of the Company or cause to be performed any and all such
acts as they may deem necessary or advisable in order to comply with the applicable laws of any such states and in connection therewith to execute and file, or cause to be filed, all requisite papers and documents, including, but not limited to,
applications, reports, surety bonds, irrevocable consents, and appointments of attorney for service of process, and to take any and all further actions that they may deem necessary or advisable in order

  
 9 

 
to maintain any such registration or qualification for so long as they deem necessary or as required by law; and that the execution by such officers of any such paper or document or the doing by
them of any act in connection with the foregoing matters shall conclusively establish their authority therefor from the Company and the approval and ratification by the Company of the papers and documents as executed in the action so taken; and 

FURTHER RESOLVED, that the form and substance of any resolutions required in connection with the registration or qualification
of the senior debt securities in any state, territory, or other jurisdiction be, and they hereby are, adopted, provided that the officers of the Company, or any of them, consider the adoption of such resolutions necessary or appropriate or
desirable, in which case the Corporate Secretary or any Assistant Corporate Secretary of the Company is hereby directed to insert as an appendix to the minutes containing these resolutions a copy of such resolutions, which shall thereupon be deemed
to have been adopted by the Board of Directors with the same force and effect as the other resolutions herein set forth; and 

FURTHER RESOLVED, that Christopher T. Forsythe, as Senior Vice President and Chief Financial Officer of the Company, be, and
hereby is, designated as the Company’s agent to receive any letters of comment to any registration statement, amendment thereto, or prospectus supplement filed with the SEC hereunder; and 

FURTHER RESOLVED, that should the appropriate officers of the Company determine it to be in the best interests of the Company
to list the senior debt securities for trading on the New York Stock Exchange (the “NYSE”), the Chief Executive Officer, Senior Vice President and Chief Financial Officer, Vice President and Treasurer and any other Vice President of the
Company, or any of them, be, and they hereby are, authorized and directed, for and on behalf of the Company, to notify the NYSE of the foregoing offering and to take or cause to be taken any and all such actions as may be necessary, appropriate, or
desirable to comply with the requirements of the NYSE; and 
 FURTHER RESOLVED, that the Chief Executive Officer, Senior Vice
President and Chief Financial Officer, Vice President and Treasurer and any other Vice President of the Company, or any of them, be, and they hereby are, authorized and directed to take, or cause to be taken, all actions necessary or advisable to
effect the listing and trading of the senior debt securities on the NYSE, including the preparation, execution, and filing of all necessary applications, documents, forms, and agreements with the NYSE, the payment by the Company of filing, listing,
or application fees, the preparation of certificates for the senior debt securities, and the appearance of any such officer before NYSE officials; and 

FURTHER RESOLVED, that the Chief Executive Officer, Senior Vice President and Chief Financial Officer, Vice President and
Treasurer, any other Vice President and the directors of the Company, or any of them, be, and they hereby 

  
 10 

 
are, authorized to do or cause to be done any and all acts and things and to execute and deliver any and all agreements, undertakings, consents, documents, instruments, and certificates as, in
their opinion, may be necessary or appropriate or desirable in order to carry out the purposes and intent of the foregoing resolutions and to perform, or cause to be performed, any registration statement, or any other agreement referred to herein
and to cause the debt securities to become listed and admitted to trading on the NYSE; and 
 FURTHER RESOLVED, that all
actions taken and expenses incurred by any officer or director heretofore in furtherance of any of the actions authorized by the foregoing resolutions hereby are expressly ratified, confirmed and approved. 

I FURTHER CERTIFY that the above resolutions have not been altered, amended, rescinded, or repealed and are now in full force and
effect. 
 IN WITNESS WHEREOF, I have hereunto signed my name and affixed the seal of the Company this 8th of June, 2017. 

/s/ Suzanne
Johnson                             

Suzanne Johnson 

Assistant Corporate Secretary 

  
 11 

 EXHIBIT II-A 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE
THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITORY OR ITS NOMINEE EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY
(55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND SUCH CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

ATMOS ENERGY CORPORATION 

4.125% Senior Notes due 2044 
  

			
	 No. 2
	  	CUSIP NO. 049560 AM7
		  	ISIN NO. US049560AM78

  
 12 

 Atmos Energy Corporation, a Texas and Virginia corporation (herein called the
“Company”, which term includes any successor entity under the Indenture, hereinafter defined), for value received, hereby promises to pay to Cede & Co. or registered assigns the principal sum of TWO HUNDRED AND FIFTY MILLION
DOLLARS ($250,000,000) on October 15, 2044 (the “Maturity Date”), at the office or agency of the Company referred to below, and to pay interest thereon from April 15, 2017, or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semiannually in arrears on April 15 and October 15 in each year (each, an “Interest Payment Date”), beginning October 15, 2017 at 4.125% per annum until the principal hereof is
paid or duly provided for. 
 Any payment of principal or interest required to be made on a day that is not a Business Day need not be made
on such day, but may be made on the next succeeding Business Day with the same force and effect as if made on such day and no interest shall accrue as a result of such delayed payment. Interest payable on each Interest Payment Date will include
interest accrued from and including April 15, 2017, or from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, to but excluding such Interest Payment Date. Interest will
be computed on the basis of a 360-day year of twelve 30-day months. 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to
the person (the “Holder”) in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the April 1 or October 1 (whether or not a Business Day) next preceding such Interest Payment
Date (a “Regular Record Date”). Any such interest not so punctually paid or duly provided for (“Defaulted Interest”) will forthwith cease to be payable to the Holder on such Regular Record Date and either may 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 (the “Special Record Date”) for the payment of such Defaulted Interest to be fixed by the Trustee
(referred to herein), notice whereof shall be given to the Holder of this Security not less than ten days prior to such Special Record Date, or may be paid at any time in any other lawful manner, all as more fully provided in the Indenture. 

For purposes of this Security, “Business Day” means any day that, in the city of the principal Corporate Trust Office of the Trustee
and in the City of New York, is neither a Saturday, Sunday, or legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close. 

Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or agency of the Company maintained
for that purpose in the Borough of Manhattan, the City of New York, or at such other office or agency of the Company as may be maintained for such purpose, 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. So long as this Security remains in book-entry form, all payments of principal and interest will be made by the Company in immediately available funds. 

  
 13 

 Unless the certificate of authentication hereon has been duly executed by the Trustee by manual
signature, this Security shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 
 This
Security is one of a duly authorized issue of securities of the Company, designated as the 4.125% Senior Notes due 2044 (the “Securities”), originally issued in an aggregate principal amount of $500,000,000 on October 15, 2014 and, as
a result of a further issuance of $250,000,000 aggregate principal amount of 4.125% Senior Notes due 2044 on June 8, 2017, now issued in an aggregate principal amount of $750,000,000 under an Indenture dated as of March 26, 2009, as it may
be supplemented from time to time (referred to herein as the “Indenture”), between the Company and U.S. Bank National Association, as trustee (referred to herein as the “Trustee”, which term includes any successor trustee under
the Indenture with respect to the series of which this Security is a part). A reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties, obligations and immunities thereunder of the Company,
the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered, except as otherwise provided herein. 

The Securities are initially limited to $750,000,000 aggregate principal amount. The Company may, at any time, without the consent of the
Holders of the Securities, create and issue additional securities having the same ranking, interest rate, maturity and other terms as the Securities. Any such additional securities shall be consolidated and form the same series of the Securities
having the same terms as to status, redemption and otherwise as the Securities under the Indenture. 
 Events of Default. If an Event
of Default shall occur and be continuing, the principal of all the Securities may be declared due and payable in the manner and with the effect provided in the Indenture. 

Optional Redemption. The Securities will be redeemable prior to maturity at the Company’s option, at any time in whole or from
time to time in part. Prior to April 15, 2044, the Redemption Price will be equal to the greater of: 
 (a)    100%
of the principal amount of the Securities to be redeemed, and 
 (b)    as determined by the Quotation Agent, the sum of
the present values of the Remaining Scheduled Payments of principal and interest on the Securities to be redeemed discounted to the Redemption Date on a semi-annual basis assuming a 360-day year consisting of
twelve 30-day months at the Adjusted Treasury Rate plus 15 basis points; 
 plus, in each case, accrued and unpaid
interest on the principal amount of Securities being redeemed to the Redemption Date. 
 At any time on or after April 15, 2044, the Redemption Price
will be equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date. 

  
 14 

 “Adjusted Treasury Rate” means, for any Redemption Date, the rate per annum equal to
the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price of the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption Date.

 “Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term of the Securities to be redeemed that would be used, at the time of a selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the
remaining term of the Securities to be redeemed. 
 “Comparable Treasury Price” means, for any Redemption Date, the Reference
Treasury Dealer Quotation for that Redemption Date. 
 “Quotation Agent” means the Reference Treasury Dealer appointed by the
Company to act as a quotation agent. 
 “Reference Treasury Dealer” means (i) Merrill Lynch, Pierce, Fenner & Smith
Incorporated and any Primary Treasury Dealer (as defined below) selected by each of Credit Agricole Securities (USA) Inc. and Wells Fargo Securities, LLC and any of such parties’ successors; provided, however, if any of the foregoing ceases to
be a primary U.S. government securities dealer in New York City (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer, and (ii) any other Primary Treasury Dealer selected by the Company.

 “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed, in each case, as a percentage of its principal amount) quoted in writing to the Trustee at 5:00 p.m., Eastern time by such Reference
Treasury Dealer on the third Business Day preceding such Redemption Date. 
 “Remaining Scheduled Payments” means, with respect to
each Security to be redeemed, the remaining scheduled payments of the principal and interest on such Security that would be due after the related Redemption Date but for such redemption; provided, however, that if such Redemption Date is not an
Interest Payment Date, the amount of the next succeeding scheduled interest payment on such Security will be reduced by the amount of interest accrued on such Security to such Redemption Date. 

In the event that less than all of the Securities are to be redeemed at any time, selection of such Securities for redemption will be made by
The Depository Trust Company (“DTC”) during any period the Securities are issued in the form of a global security registered in the name of DTC or a nominee thereof; provided that during any period the Securities are issued in
certificated form, the selection of such Securities for redemption will be made by the Trustee by lot or by such other method as the Trustee in its sole discretion shall deem fair and appropriate (or, in the case of Securities issued in global form,
by such method as the depositary may require) and which may provide for the selection for redemption of portions of the principal of the Securities. A partial redemption shall not reduce the portion of the principal amount of a

  
 15 

 
Security not redeemed to a principal amount of less than $2,000. Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30 nor more than 60 days before the
Redemption Date, to each Holder of Securities to be redeemed, at its address as shown in the Security Register. If the Securities are to be redeemed in part only, the notice of redemption that relates to such Securities shall state the portion of
the principal amount thereof to be redeemed. A new Security in a principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon surrender for cancellation of the original Security. On and after the
Redemption Date, interest will cease to accrue on Securities or portions thereof called for redemption unless the Company defaults in the payment of the Redemption Price. 

Sinking Fund. This Security does not have the benefit of any sinking fund obligations. 

Modification and Waivers; Obligations of the Company Absolute. 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. Certain limited amendments may be effected under the Indenture at any time by the Company and the Trustee without
the consent of any Holders of the Securities. Certain other amendments affecting the Securities may only be effected under the Indenture with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities at
the time Outstanding. The Indenture also contains provisions permitting the Holders of not less than a majority in principal amount of the Securities at the time Outstanding, on behalf of the Holders of all Outstanding Securities, to waive
compliance by the Company with certain provisions of the Indenture affecting the Securities. Furthermore, provisions in the Indenture permit the Holders of not less than a majority in principal amount of the Outstanding Securities to waive on behalf
of all of the Holders of all Outstanding Securities certain past defaults under the Indenture in respect of the Securities and their consequences. Any such consent or waiver by or on behalf of 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. 
 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 premium, if any) and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

Defeasance and Covenant Defeasance. The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of
the Company represented by this Security and (b) certain restrictive covenants and the related Defaults and Events of Default, upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Security.

 Authorized Denominations. The Securities are issuable only in registered form, without coupons, in minimum denominations of $2,000
and any integral multiple of $1,000 in excess thereof. 

  
 16 

 Registration of Transfer or Exchange. As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Security is registrable on the Security Register of the Company, upon surrender of this Security for registration of transfer at the office or agency of the Company, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. At the date of the original issuance of this Security such office or agency of the Company is maintained by U.S. Bank National
Association, 1349 West Peachtree Street, Suite 1050, Atlanta, Georgia 30309. 
 As provided in the Indenture and subject to certain
limitations therein set forth, the Securities are exchangeable for a like aggregate principal amount of Securities of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made for any registration of transfer or exchange or redemption of Securities, but the Company may require payment
of a sum sufficient to pay all documentary, stamp or similar issue or transfer taxes or other governmental charges payable in connection with any registration of transfer or exchange. 

Prior to the time of 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 agent shall be affected by notice to the contrary.

 Defined Terms. All capitalized terms used in this Security which are defined in the Indenture shall have the meanings assigned to
them in the Indenture. 
 Governing Laws. This Security and the Indenture shall be governed by and construed in accordance with the
laws of the State of New York, without regard to conflicts of laws principles that would apply any other law. 

  
 17 

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

 

					
	ATMOS ENERGY CORPORATION
		
	By: 	 	  

		 	Name: 	 	Christopher T. Forsythe
		 	Title:	 	Senior Vice President and
		 		 	Chief Financial Officer

  

					
	Attest:
		
	By: 	 	  

		 	Name: 	 	Phillip L. Allbritten
		 	Title:	 	Associate General Counsel and
		 		 	Assistant Corporate Secretary

 2044 Note 

  
 18 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

							
	Dated: June 8, 2017	 		 	U.S. Bank National Association,
		 		 	  as Trustee
				
		 		 	By: 	 	  

		 		 		 	Authorized Officer

 2044 Note 

  
 19 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: 
 (I) or (we)
assign and transfer this Security to 
  

					
	  

	(Insert assignee’s social security or tax I.D. no.)
	
	  

	
	  

	
	  

	
	  

	
	(Print or type assignee’s name, address and zip code)
		
	and irrevocably appoint	 	  

	agent to transfer this Security on the books of the Company. The agent may substitute another to act for him.
			
	Date:                                   	 	Signature:	 	  

		 		 	    (sign exactly as name appears on the other side of this Security)

 Signature guaranteed by:
                                         
            

  
 20 

 EXHIBIT II-B 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE
THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITORY OR ITS NOMINEE EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND SUCH CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

ATMOS ENERGY CORPORATION 

3.000% Senior Notes due 2027 
  

			
	 No. 1
	  	CUSIP NO. 049560 AN5
		  	ISIN NO. US049560AN51

  
 21 

 Atmos Energy Corporation, a Texas and Virginia corporation (herein called the
“Company”, which term includes any successor entity under the Indenture, hereinafter defined), for value received, hereby promises to pay to Cede & Co. or registered assigns the principal sum of FIVE HUNDRED MILLION DOLLARS
($500,000,000) on June 15, 2027 (the “Maturity Date”), at the office or agency of the Company referred to below, and to pay interest thereon from June 8, 2017, or from the most recent Interest Payment Date to which interest has
been paid or duly provided for, semiannually in arrears on June 15 and December 15 in each year (each, an “Interest Payment Date”), beginning December 15, 2017 at 3.000% per annum until the principal hereof is paid or duly
provided for. 
 Any payment of principal or interest required to be made on a day that is not a Business Day need not be made on such day,
but may be made on the next succeeding Business Day with the same force and effect as if made on such day and no interest shall accrue as a result of such delayed payment. Interest payable on each Interest Payment Date will include interest accrued
from and including June 8, 2017, or from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, to but excluding such Interest Payment Date. Interest will be computed on the
basis of a 360-day year of twelve 30-day months. 
 The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person (the “Holder”) in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on the June 1 and December 1 (whether or not a Business Day) next preceding such Interest Payment Date (a “Regular Record Date”). Any such interest not so punctually paid or duly provided for
(“Defaulted Interest”) will forthwith cease to be payable to the Holder on such Regular Record Date and either may 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 (the “Special Record Date”) for the payment of such Defaulted Interest to be fixed by the Trustee (referred to herein), notice whereof shall be given to the Holder of this Security not less than ten days
prior to such Special Record Date, or may be paid at any time in any other lawful manner, all as more fully provided in the Indenture. 

For purposes of this Security, “Business Day” means any day that, in the city of the principal Corporate Trust Office of the Trustee
and in the City of New York, is neither a Saturday, Sunday, or legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close. 

Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or agency of the Company maintained
for that purpose in the Borough of Manhattan, the City of New York, or at such other office or agency of the Company as may be maintained for such purpose, 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. So long as this Security remains in book-entry form, all payments of principal and interest will be made by the Company in immediately available funds. 

  
 22 

 Unless the certificate of authentication hereon has been duly executed by the Trustee by manual
signature, this Security shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 
 This
Security is one of a duly authorized issue of securities of the Company, designated as the 3.000% Senior Notes due 2027 (the “Securities”), issued under an Indenture dated as of March 26, 2009, as it may be supplemented from time to
time (referred to herein as the “Indenture”), between the Company and U.S. Bank National Association, as trustee (referred to herein as the “Trustee”, which term includes any successor trustee under the Indenture with respect to
the series of which this Security is a part). A reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties, obligations and immunities thereunder of the Company, the Trustee and the Holders of
the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered, except as otherwise provided herein. 

The Securities are initially limited to $500,000,000 aggregate principal amount. The Company may, at any time, without the consent of the
Holders of the Securities, create and issue additional securities having the same ranking, interest rate, maturity and other terms as the Securities. Any such additional securities shall be consolidated and form the same series of the Securities
having the same terms as to status, redemption and otherwise as the Securities under the Indenture. 
 Events of Default. If an Event
of Default shall occur and be continuing, the principal of all the Securities may be declared due and payable in the manner and with the effect provided in the Indenture. 

Optional Redemption. The Securities will be redeemable prior to maturity at the Company’s option, at any time in whole or from
time to time in part. Prior to March 15, 2027, the Redemption Price will be equal to the greater of: 
 (a)    100%
of the principal amount of the Securities to be redeemed, and 
 (b)    as determined by the Quotation Agent, the sum of
the present values of the Remaining Scheduled Payments of principal and interest on the Securities to be redeemed that would be due if the Securities matured on March 15, 2027, discounted to the Redemption Date on a semi-annual basis assuming a
360-day year consisting of twelve 30-day months at the Adjusted Treasury Rate plus 15 basis points; 

plus, in each case, accrued and unpaid interest on the principal amount of Securities being redeemed to the Redemption Date. 

At any time on or after March 15, 2027, the Redemption Price will be equal to 100% of the principal amount of the Securities to be redeemed, plus accrued
and unpaid interest thereon to the Redemption Date. 
 “Adjusted Treasury Rate” means, for any Redemption Date, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price of the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption
Date. 

  
 23 

 “Comparable Treasury Issue” means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term of the Securities to be redeemed, assuming the securities matured on March 15, 2027, that would be used, at the time of a selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities to be redeemed. 

“Comparable Treasury Price” means, for any Redemption Date, the Reference Treasury Dealer Quotation for that Redemption Date. 

“Quotation Agent” means the Reference Treasury Dealer appointed by the Company to act as a quotation agent. 

“Reference Treasury Dealer” means each of BNP Paribas Securities Corp., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC,
and their respective successors; provided, however, if any of the foregoing ceases to be a primary U.S. government securities dealer in New York City (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary
Treasury Dealer. 
 “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any Redemption
Date, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed, in each case, as a percentage of its principal amount) quoted in writing to the Trustee at 5:00 p.m., Eastern time by such
Reference Treasury Dealer on the third Business Day preceding such Redemption Date. 
 “Remaining Scheduled Payments” means, with
respect to each Security to be redeemed, the remaining scheduled payments of the principal and interest on such Security that would be due after the related Redemption Date but for such redemption; provided, however, that if such Redemption Date is
not an Interest Payment Date, the amount of the next succeeding scheduled interest payment on such Security will be reduced by the amount of interest accrued on such Security to such Redemption Date. 

In the event that less than all of the Securities are to be redeemed at any time, selection of such Securities for redemption will be made by
The Depository Trust Company (“DTC”) during any period the Securities are issued in the form of a global security registered in the name of DTC or a nominee thereof; provided that during any period the Securities are issued in
certificated form, the selection of such Securities for redemption will be made by the Trustee by lot or by such other method as the Trustee in its sole discretion shall deem fair and appropriate (or, in the case of Securities issued in global form,
by such method as the depositary may require) and which may provide for the selection for redemption of portions of the principal of the Securities. A partial redemption shall not reduce the portion of the principal amount of a Security not redeemed
to a principal amount of less than $2,000. Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30 nor more than 60 days before the Redemption Date, to each Holder of Securities to be redeemed, at its
address as shown in the 

  
 24 

 
Security Register. If the Securities are to be redeemed in part only, the notice of redemption that relates to such Securities shall state the portion of the principal amount thereof to be
redeemed. A new Security in a principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon surrender for cancellation of the original Security. On and after the Redemption Date, interest will cease
to accrue on Securities or portions thereof called for redemption unless the Company defaults in the payment of the Redemption Price. 

Sinking Fund. This Security does not have the benefit of any sinking fund obligations. 

Modification and Waivers; Obligations of the Company Absolute. 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. Certain limited amendments may be effected under the Indenture at any time by the Company and the Trustee without
the consent of any Holders of the Securities. Certain other amendments affecting the Securities may only be effected under the Indenture with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities at
the time Outstanding. The Indenture also contains provisions permitting the Holders of not less than a majority in principal amount of the Securities at the time Outstanding, on behalf of the Holders of all Outstanding Securities, to waive
compliance by the Company with certain provisions of the Indenture affecting the Securities. Furthermore, provisions in the Indenture permit the Holders of not less than a majority in principal amount of the Outstanding Securities to waive on behalf
of all of the Holders of all Outstanding Securities certain past defaults under the Indenture in respect of the Securities and their consequences. Any such consent or waiver by or on behalf of 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. 
 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 premium, if any) and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

Defeasance and Covenant Defeasance. The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of
the Company represented by this Security and (b) certain restrictive covenants and the related Defaults and Events of Default, upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Security.

 Authorized Denominations. The Securities are issuable only in registered form, without coupons, in minimum denominations of $2,000
and any integral multiple of $1,000 in excess thereof. 
 Registration of Transfer or Exchange. As provided in the Indenture and
subject to certain limitations therein set forth, the transfer of this Security is registrable on the Security Register of the Company, upon surrender of this Security for registration of transfer at the office

  
 25 

 
or agency of the Company, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof
or his attorney duly authorized in writing, and thereupon one or more new Securities, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. At the date of the original
issuance of this Security such office or agency of the Company is maintained by U.S. Bank National Association, 1349 West Peachtree Street, Suite 1050, Atlanta, Georgia 30309. 

As provided in the Indenture and subject to certain limitations therein set forth, the Securities are exchangeable for a like aggregate
principal amount of Securities of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service
charge shall be made for any registration of transfer or exchange or redemption of Securities, but the Company may require payment of a sum sufficient to pay all documentary, stamp or similar issue or transfer taxes or other governmental charges
payable in connection with any registration of transfer or exchange. 
 Prior to the time of 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 agent shall be affected by notice to the contrary. 
 Defined Terms. All capitalized terms used in
this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 Governing Laws. This
Security and the Indenture shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts of laws principles that would apply any other law. 

  
 26 

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

 

					
	ATMOS ENERGY CORPORATION
		
	By: 	 	  

		 	Name: 	 	Christopher T. Forsythe
		 	Title:	 	Senior Vice President and
		 		 	Chief Financial Officer

  

					
	Attest:
		
	By: 	 	  

		 	Name: 	 	Phillip L Allbritten
		 	Title:	 	Associate General Counsel and
		 		 	Assistant Corporate Secretary

 2027 Note 

  
 27 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

							
	Dated: June 8, 2017	 		 	U.S. Bank National Association,
		 		 	  as Trustee
				
		 		 	By: 	 	  

		 		 		 	Authorized Officer

 2027 Note 

  
 28 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: 
 (I) or (we)
assign and transfer this Security to 
  

					
	  

	(Insert assignee’s social security or tax I.D. no.)
	
	  

	
	  

	
	  

	
	  

	(Print or type assignee’s name, address and zip code)
		
	and irrevocably appoint	 	  

	agent to transfer this Security on the books of the Company. The agent may substitute another to act for him.
			
	Date:                                   	 	Signature:	 	  

		 		 	    (sign exactly as name appears on the other side of this Security)

 Signature guaranteed by:
                                         
            

  
 29

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