Document:

Exhibit 4.3

 

SECOND SUPPLEMENTAL
INDENTURE

 

THIS SECOND SUPPLEMENTAL
INDENTURE dated as of June 7, 2020 is by and among U. S. Bank National Association, a national banking association (herein,
together with its successors in interest, the "Trustee"), South State Corporation, a South Carolina corporation
(the "Successor Company"), and CenterState Bank Corporation, a Florida corporation (the "Company")
and the "Company" under the Indenture.

 

NOW, THEREFORE, in
consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
by the parties hereto, the Trustee, the Company, and the Successor Company hereby agree as follows:

 

PRELIMINARY
STATEMENTS

 

The Trustee and the
Company are parties to that certain Indenture and First Supplemental Indenture dated as of May 29, 2020 (collectively, the "Indenture"),
pursuant to which the Company issued U.S. $200,000,000 aggregate principal amount of its 5.750% Fixed-to-Floating Rate Subordinated
Notes due 2030 (the "Notes").

 

As permitted by the
terms of the Indenture, the Company, simultaneously with the effectiveness of this Second Supplemental Indenture, shall merge (referred
to herein and for purposes of Article IX of the Indenture as the "Merger") with and into the Successor Company,
with the Successor Company as the surviving corporation. The parties hereto are entering into this Second Supplemental Indenture
pursuant to, and in accordance with, Section 901(a) of the Indenture.

 

Section 1.  Definitions.
All capitalized terms used herein which are defined in the Indenture, either directly or by reference therein, shall have the respective
meanings assigned to them in the Indenture except as otherwise provided herein or unless the context otherwise requires.

 

Section 2.    Interpretation.

 

		(a)	In this Second Supplemental Indenture, unless a clear contrary intention appears:

 

		(i)	the singular number includes the plural number and vice versa;

 

		(ii)	reference to any gender includes the other gender;

 

		(iii)	the words "herein," "hereof" and "hereunder" and other words of similar
import refer to this Second Supplemental Indenture as a whole and not to any particular Section or other subdivision;

 

		(iv)	reference to any person includes such Person's successors and assigns but, if applicable, only
if such successors and assigns are permitted by this Second Supplemental Indenture or the Indenture, and reference to a Person
in a particular capacity excludes such Person in any other capacity or individually provided that nothing in this clause (iv) is
intended to authorize any assignment not otherwise permitted by this Second Supplemental Indenture or the Indenture;

 

    

     

    

 

		(v)	reference to any agreement, document or instrument means such agreement, document or instrument
as amended, supplemented or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the
terms hereof, as well as any substitution or replacement therefor and reference to any note includes modifications thereof and
any note issued in extension or renewal thereof or in substitution or replacement therefor;

 

		(vi)	reference to any Section means such Section of this Second Supplemental Indenture; and

 

		(vii)	the word "including" (and with correlative meaning "include") means including
without limiting the generality of any description preceding such term.

 

		(b)	No provision in this Second Supplemental Indenture shall be interpreted or construed against any
Person because that Person or its legal representative drafted such provision.

 

Section 3.    Assumption
of Obligations. 

 

		(a)	Pursuant to, and in compliance and accordance with, Section 801 of the Indenture, the Successor
Company hereby expressly assumes the due and punctual payment of the principal of (and premium, if any) and interest on, all of
the Notes in accordance with their terms, and the due and punctual performance and observance of all of the covenants and conditions
of the Indenture to be kept or performed by the Company.

 

		(b)	Pursuant to, and in compliance and accordance with, Section 802 of the Indenture, the Successor
Company succeeds to, is substituted for, and may exercise every right and power of, the Company under the Indenture with the same
effect as if the Successor Company had originally been named in the Indenture as the Company.

 

Section 4.  Representations
and Warranties. The Successor Company represents and warrants that (a) it has all necessary power and authority to
execute and deliver this Second Supplemental Indenture and to perform the covenants and obligations of the Indenture, (b) it
is the successor of the Company pursuant to a valid merger effected in accordance with applicable law, (c) it is a corporation
organized and existing under the laws of the State of South Carolina and (d) this Second Supplemental Indenture is executed and
delivered pursuant to Section 901 of the Indenture and does not require the consent of the Securityholders.

 

Section 5.  Conditions
of Effectiveness. This Second Supplemental Indenture shall become effective simultaneously with the effectiveness of the
Merger, provided, however, that the Trustee shall have executed a counterpart of this Second Supplemental Indenture and shall have
received a counterpart of this Second Supplemental Indenture executed by the Company and the Successor Company.

 

    

     

    

 

Section 6.   Reference
to the Indenture.

 

		(a)	Upon the effectiveness of this Second Supplemental Indenture, each reference in the Indenture to
 "this Indenture," "hereunder," "herein" or words of like import shall mean and be a reference to
the Indenture, as affected, amended and supplemented hereby.

 

		(b)	Upon the effectiveness of this Second Supplemental Indenture, each reference in the Notes to the
Indenture including each term defined by reference to the Indenture shall mean and be a reference to the Indenture or such term,
as the case may be, as affected, amended and supplemented hereby.

 

		(c)	The Indenture, as amended and supplemented hereby, shall remain in full force and effect and is
hereby ratified and confirmed.

 

Section 7.   Addresses
for Notices.All notices or other communications to be addressed to the Company as contemplated by Section 105(a) of
the Indenture shall be addressed to the Successor Company as follows:

 

South State Corporation

1101 First Street South

Winter Haven, Florida, 33880

Attention: Chief Financial Officer

Telephone: (863) 293-4710

 

Section 8.   Execution
in Counterparts. This Second Supplemental Indenture may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which
when taken together shall constitute but one and the same instrument.

 

Section 9.   Governing
Law; Binding Effect. This Second Supplemental Indenture shall be governed by and construed in accordance with the laws
of the State of New York and shall be binding upon the parties hereto and their respective successors and assigns.

 

Section 10. The
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Second Supplemental Indenture or the due execution thereof by the Company or the Successor Company. The
recitals of fact contained herein shall be taken as the statements solely of the Company or the Successor Company, and the
Trustee assumes no responsibility for the correctness thereof.

 

[Signatures on following page]

 

    

     

    

 

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

 

	 	 	U. S. BANK NATIONAL ASSOCIATION
	 	 	 
	 	 	 
	 	 	By:	/s/ David W. Doucette
	 	 	Name:	David W. Doucette
	 	 	Title:	Vice President

 

[Signature Page to Second Supplemental Indenture – CenterState
Bank Subdebt Due 2030]

 

    

     

    

 

	 	SOUTH STATE CORPORATION
	 	 
	 	 
	 	By: 	/s/ Robert R. Hill, Jr.
	 	   	Name:	Robert R. Hill, Jr.
	 	 	Title:	Chief Executive Officer

 

[Signature Page to Second Supplemental
Indenture – CenterState Bank Sub Debt Due 2030]

 

    

     

    

 

	 	CENTERSTATE BANK CORPORATION

	 	 
	 	 
	 	By:	/s/ John C. Corbett   
	 	Name:	John C. Corbett
	 	Title:	Chief Executive Officer

 

[Signature Page to Second Supplemental
Indenture – CenterState Bank Sub Debt Due 2030]Document

Exhibit 10.4

NOTE MODIFICATION AGREEMENT

THIS NOTE MODIFICATION AGREEMENT dated as of June 5, 2020 (“this Agreement”), is entered into by REGIONS BANK, an Alabama banking corporation (the “Bank”) and each of the undersigned (collectively, the “Borrowers”).

 Recitals

A.            The Borrowers have executed a certain Second Amended and Restated Note in favor of the Bank dated April 16, 2020 (the “Note”).

B.            The Borrowers have requested the Bank consent to a modification of the Note as provided below.  The Bank has agreed to such modification of the Note, provided the Borrowers execute this Agreement.

 Agreement

NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual agreement of the parties hereto, the parties hereto hereby agree as follows:

1. The first sentence in the third paragraph of the Note is hereby deleted in its entirety and the following is hereby inserted in lieu thereof:

“Principal and all accrued and unpaid interest hereunder shall be due and payable on July 18, 2021 (the “Maturity Date”), unless otherwise due earlier pursuant to the terms hereof.”

2. Notwithstanding the execution of this Agreement, the Note shall remain in full force and effect, as modified hereby; and nothing herein contained and nothing done pursuant hereto shall be construed to release, satisfy, discharge, terminate or otherwise affect or impair in any manner whatsoever (a) the validity or enforceability of the indebtedness evidenced by the Note, except as expressly modified hereby; (b) the lien, security interest, security title, assignment or conveyance of any collateral securing the Note, or the priority thereof; (c) the liability of any maker, endorser, surety, guarantor or any party or parties whatsoever who may now or hereafter be liable under or on account of the Note; or (d) any other security or instrument held by the Bank now or hereafter as security for or evidence of the above-described indebtedness or any thereof.

3. This Agreement shall be binding upon the successors and assigns of the parties hereto.

4. This Agreement shall be governed by and construed in accordance with the laws of the State of Alabama.

5. This Agreement may be executed in any number of counterparts, each of which so executed shall be deemed an original, but all such counterparts shall together constitute but one and the same agreement.

IN WITNESS WHEREOF, the Bank and the Borrowers have executed this Agreement as of the day and year first above written.

                                                                                 BANK: 

                                                                                                 REGIONS BANK

   By:         /s/ Cory D. Guillory
   Name:    Cory D. Guillory 
   Title:      Director and SVP

                                                                                                 

BORROWERS:

HIBBETT SPORTS, INC.
HIBBETT SPORTING GOODS, INC.
HIBBETT WHOLESALE, INC.
HIBBETT DIGITAL MANAGEMENT, LLC
GIFT CARD SERVICES, LLC
HIBBETT HOLDINGS, LLC
CITY GEAR, LLC

   By:         /s/ Michael E. Longo
   Name:    Michael E. Longo
   Title:      President and CEO 

End of Exhibit 10.4

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