Document:

Exhibit 10.2

 

REAL ESTATE CONTRACT

 

This REAL ESTATE CONTRACT (this “Agreement”)
is dated as of the date Anthony J. Gargano, P. A. (the “Escrow Agent”) executes the Escrow Receipt attached
hereto (the “Effective Date”), and is by and among LMP Automotive Holdings, Inc., a Delaware corporation
or its assigns (“Buyer”), WBF Florida Properties, LLC as to the Cape Coral Property, and WBF Florida
Properties III, LLC, as to the Port Charlotte Property, both Florida limited liability companies (solely as to their respective
Property as defined below, each a “Seller” and collectively, the “Sellers”,
and Sellers together with Buyer, each a “Party” and collectively the “Parties”).

 

RECITALS:

 

WHEREAS, Sellers’ Property
(defined below) is further described on Exhibit A hereto (collectively, the “Land”); and

 

WHEREAS, Sellers desire to sell,
and Buyer desires to purchase, the Property;

 

NOW, THEREFORE, for and in consideration
of the mutual covenants and agreements of the Parties as hereinafter set forth and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Parties intending to be legally bound hereby agree as follows:

 

1. Property.
Subject to and on the terms and conditions in this Agreement, Sellers shall sell and convey to Buyer, and Buyer shall purchase
from Sellers: (i) the Land; (ii) all buildings, site improvements, fixtures and amenities including landscaping, curb cuts, and
paving and parking facilities on or for the Land; (iii) all benefits, entitlements, tax credits, privileges, easements, hereditaments
and other rights appurtenant to the Land or any part thereof, including Sellers’ right, title and interest, if any, in and
to any streets, alleys, ways, sewer rights, mineral rights, utility capacity or rights thereto, water courses and water bodies
adjacent to the Land; (iv) all of Sellers’ right, title and interest in and to all plans, guaranties, warranties, licenses
and permits (to the extent transferable) relating to the Land or improvements thereon. The Land and all other assets, benefits
and rights in this Section 1 are referred to collectively as the “Property”. The Land and that
portion of the Property described in this Section 1 that are appurtenant to the Land will be conveyed by Special Warranty
Deed as described in Section 5 below. Any of Sellers’ right, title, and interest (if any) in that portion of the Property
described in Section 1 which is personal property will be conveyed, to the extent assignable, by a quitclaim assignment
without warranty, representation, or recourse.

 

2. Purchase
Price; Earnest Money & Closing.

 

(a) Purchase
Price & Earnest Money. At Closing, Buyer shall pay Sellers $33,100,000.00 for the Property in U.S. dollars via wire transfer
to the Escrow Agent (the “Purchase Price”), which will be allocated among the Properties as detailed
on Exhibit A hereto. Within three (3) business days after the Effective Date, Buyer shall deliver to Escrow Agent $1,500,000.00
as earnest money (including interest that accrues thereon, the “Earnest Money”) to be held in trust by
Escrow Agent for and on behalf of the Parties pursuant to this Agreement. Notwithstanding any provision of this Agreement providing
for the refund or delivery of the Earnest Money to a Party, Sellers will in all events be paid from the Earnest Money $100 as independent
consideration for Buyer’s exclusive right to conduct its inspections pursuant to this Agreement, terminate this Agreement
during the Inspection Period and for Buyer’s exclusive option to purchase the Property during the term of this Agreement.
This independent contract consideration is in addition to and independent of any other consideration or payment provided in this
Agreement and is nonrefundable to Buyer.

 

     

     

    

 

(b) Closing.
Subject to the satisfaction of the conditions precedent to Closing in Section 4 below, the consummation of the purchase
and sale of the Property (and any other transactions contemplated by this Agreement, the “Closing” and
such date, the “Closing Date”) will occur on the “Closing Date” under, and as defined in,
that certain Dealership Asset Purchase Agreement effective as of the Effective Date by and among William B. Fuccillo, Sr., Fuccillo
Affiliates of Florida, Inc., and Fuccillo Associates of Florida, Inc., Florida corporations, and Buyer (as it may be amended or
assigned, the “APA”). This Agreement will terminate automatically upon termination or expiration of the
APA for any reason.

 

(c) Closing
Costs. On the Closing, as detailed on the settlement statement executed by the Parties at Closing, each Party shall pay the
Closing costs as detailed in the chart below. Any other Closing costs not allocated to a Party below shall be paid by the Party
that customarily pays such cost in commercial real estate closings in the Florida city in which the Property is located as directed
by Escrow Agent. As soon as the actual amount of Property real estate taxes for the year of Closing is known, the Parties shall,
if necessary, readjust the amount of such taxes to be paid by each Party with the result that Sellers pays for those taxes applicable
to the Property up to but not including the Closing Date, and Buyer will pay for those taxes and assessments applicable to the
Property on and after the Closing Date. Buyer shall pay for all fees, costs, expenses, and charges related to any financing of
a portion of the Purchase Price, including but not limited to all Lender’s fees and charges, documentary stamp tax on the
note, intangibles tax on the mortgage, recording fees, premiums for mortgagee policy (with simultaneous issue rate if applicable)
and endorsements, closing fees, and similar charges.

 

	Sellers	 	Cost/Expense	 	Buyer
	 	 	 	 	 
	Y	 	Any transfer tax, documentary stamp tax on the deed	 	N
	Y	 	Cost of releases associated with Sellers’ existing loans, if any	 	N
	Y	 	Owner’s Title Policy (basic premium only, no endorsements)	 	N
	N	 	Survey (Sellers shall furnish existing surveys and any existing title policies within 2 business days after the Effective Date)	 	Y
	50%	 	Escrow Agent’s Fees	 	50%
	Prorated	 	Ad valorem and any other applicable taxes for the year in which Closing occurs will be prorated as of the Closing Date; provided, however, Sellers shall pay any installments for special assessments due before the Closing Date, and Buyer shall pay installments due after the Closing Date, if any	 	Prorated
	N	 	Costs to record the Deed	 	Y

 

(d) Prorations:
The following items shall be paid, apportioned, and prorated (based on the actual number of days in the months in which the Closing
Date occurs, assuming the Closing occurs at 12.01 a.m. on the Closing Date) between Sellers and Buyer; (i) real property taxes
for the then current tax fiscal year shall be prorated based on the current year’s tax if the tax bill is available, or the
prior year’s tax bill if it is not, with due allowance made for maximum allowable discount and exemptions; the proration
at Closing shall be final and no reproration shall be made regardless of the actual tax bill of the year of Closing; and (ii) all
other expenses, revenues, assessments and other proratable items shall be prorated as of the Closing Date in accordance with this
Agreement or as otherwise set forth in the APA. In the event any of the items in subparagraphs (i) and (ii) above cannot be calculated
accurately on the Closing Date, the parties agree to prorate these items on the basis of estimates to be determined by records
maintained by Sellers for the month before Closing.

 

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3. Buyer’s
Inspections; Title & Survey.

 

(a) Sellers’
Information. Within five days following the Effective Date, Sellers shall deliver to Buyer complete and accurate copies of
the following documents within Seller’s possession (“Sellers’ Information Documents”), or, written
confirmation that no such documents exist or if they exist that they are not in Sellers’ possession:

 

(i) Plans,
Restrictions and Operations: all existing and proposed easements, covenants, restrictions, conditions, appraisals, agreements,
maps, plans, designs, blueprints, utility capacity letters, contracts and other documents which affect the Property, including
agreements relating to servicing, leasing, operation and management of the Property.

 

(ii) Options,
Rights of First Refusal and Occupancies: all leases, site control agreements, options, rights of first refusal or other interests
affecting the Property.

 

(iii) Subsurface
Data: all reports relating to the soil, mineral rights, geological and drainage conditions of the Property.

 

(iv) Environmental
Reports: to the extent not provided pursuant to Section 2(a), all environmental reports relating to the Property, including
Phase I and Phase II environmental site assessments previously conducted, documents evidencing remediation (e.g., tank closure
documentation), oil and water separator documentation, asbestos studies, and any approvals, conditions, orders or declarations
issued by any governmental authority relating thereto.

 

(v) Contractors:
summaries of the work done and payments made to contractors that have provided goods or services on or to the Property within the
past year and copies of any and all warranties provided or assigned by such contractors.

 

(vi) Secured
Debt. A loan payoff letter for all indebtedness secured or otherwise related to the Property, including any and all details
if any related to defaults related thereto.

 

(vii) Other
Documents. Such other documents and information as Buyer may reasonably from time to time request in writing, which are in
Sellers’ possession or under its direction and control, relating to the Property.

 

The Sellers’ Information Documents shall be
provided by Sellers to Buyer for informational purposes only, and without Sellers’ representation or warranty as to the accuracy
or completeness of the contents of those documents.

 

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(b)
Inspection Period. Buyer and its agents have the right through Closing to obtain any Property-related reports and information
Buyer chooses in its sole discretion (including environmental reports, subsurface reports, surveys, evidence of availability of
utilities, building inspections, zoning information, etc.). However, any onsite inspections shall only be done: (1) after coordinating
with Sellers’ appointed agent (Anthony J. Gargano; Email: TGargano@GarganoLaw.com; Cell Phone: (239) 229-7166) at those
times as mutually agreed by the Parties; (2) subject to strict confidentiality as to the existence of this Agreement and the purpose
of the inspection; and (3) with the least amount of interference with and interruption of the business conducted on the Property.
Buyer shall return the Property and all improvements thereon to substantially the same condition as before Buyer’s inspection,
ordinary wear and tear excepted. If Buyer determines that the Property is not satisfactory for any or no reason, then Buyer may
terminate this Agreement without premium or penalty during the “Inspection Period” under, and as defined in, the APA
(the “Inspection Period”) by sending written notice to Sellers within the Inspection Period and receive
a full refund of the Earnest Money. Without cost to Sellers, upon termination of this Agreement, Buyer shall provide Sellers with
copies of all surveys and third party non-proprietary reports relating to the Property obtained by Buyer during the Inspection
Period; “as-is” and “where-is” without any representation or warranty. Following the expiration of the
Inspection Period, Buyer may not terminate this Agreement without forfeiting the Earnest Money unless: (i) a condition to Closing
set forth below in Section 4 is unsatisfied, (ii) Sellers default pursuant to this Agreement and fail to cure as provided
herein, (iii) the Property suffers a casualty or condemnation, as described herein, or (iv) as otherwise expressly provided in
this Agreement or the APA; in such cases the Earnest Money will be returned to Buyer; otherwise the Earnest Money shall become
non-refundable upon the expiration of the Inspection Period.

 

(c) No
Alterations. So long as this Agreement is in effect, Sellers shall maintain the Property and not commit waste, and Sellers
shall not: (i) make any material changes on or about the Property other than as contemplated by this Agreement; (ii) create or
incur or permit to exist any mortgage, lien, pledge or other encumbrance in any way affecting the Property that will not be paid
at Closing; (iii) commit any waste or nuisance on the Property; or (iv) convey any interest (fee or leasehold) in the Property.

 

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(d) Title
Commitment. Within ten (10) days of the Effective Date, Escrow Agent, as title agent (“Title Agent”),
shall furnish, on behalf of Seller, a commitment for title insurance to insure the Land for an amount not less than the Purchase
Price (the “Title Commitment”). The Title Commitment will include copies of each recorded document reflected
on Schedule B therein, including copies of vesting deeds. Prior to the expiration of the Inspection Period, Buyer shall provide
Sellers with a written notice (the “Title Objection Notice”) advising Sellers of any title or survey
matters to which Buyer objects (each a “Title Objection” and together the “Title Objections”),
prior to the expiration of the Inspection Period. Sellers will then have a period of time ending five (5) days after the Seller
receives the Title Objection Notice to provide Buyer written notice (the “Sellers’ Title Objection Response”)
that Sellers will either: make a reasonable attempt to cure the Title Objections; or, Sellers will not attempt to cure the Title
Objections. If Sellers’ Title Objection Response indicates that Sellers are unwilling to cure the Title Objections then Buyer
shall have five (5) days from the date of receipt of Seller’s Title Objection Response to notify Seller in writing that Buyer
elects to either (i) waive the Title Objections and purchase the Property as otherwise contemplated in this Agreement, without
any adjustment in the Purchase Price, in which event the Title Objections will become Permitted Encumbrances, or (ii) terminate
this Agreement and, except those obligations stated elsewhere in this Agreement to survive termination, neither Sellers nor Buyer
will have any further rights, obligations or liabilities hereunder and the Earnest Money will be returned to Buyer. If Sellers
attempt to cure the Title Objections and are not successful after a reasonable period of time not to exceed thirty (30) days, then
Seller will notify Buyer in writing and then Buyer shall have five (5) days from the date of receipt of Seller’s notice to
notify Seller in writing that Buyer elects to either (i) waive the Title Objections and purchase the Property as otherwise contemplated
in this Agreement, without any adjustment in the Purchase Price, in which event the Title Objections will become Permitted Encumbrances,
or (ii) terminate this Agreement and, except those obligations stated elsewhere in this Agreement to survive termination, neither
Sellers nor Buyer will have any further rights, obligations or liabilities hereunder and the Earnest Money will be returned to
Buyer. Notwithstanding the foregoing, in the case of a lien, encumbrance or title defect on the Property which can be removed at
the time of Closing by payment of a liquidated amount, Sellers shall remove such lien, encumbrance or title defect, at Closing
so the Property can be conveyed to Buyer free of the same and such amount may be deducted from the purchase price at the Closing.
All title exceptions which appear on the Title Commitment and to which Buyer has not objected, and all title defects that Sellers
intend not to cure (other than liens or encumbrances which can be satisfied by payment of a liquidated amount) and that Buyer has
waived, will be deemed to be permitted title exceptions (the “Permitted Encumbrances”). If after the
Inspection Period, Escrow Agent discovers the need to amend or add any exception to the Title Commitment, then Escrow Agent will
notify Buyer and Sellers immediately in writing. Within five (5) business days after written notice from Escrow Agent, together
with a copy of such intervening lien or matter, Buyer shall notify Sellers in writing of any objections thereto, and Buyer’s
rights hereunder to object and terminate will be as set forth above in this section. If Buyer fails to notify Sellers of such objection
within such five (5) business-day period, Buyer will be deemed to have waived any objection and accepted all such exceptions.

 

(e)
Survey. During the Inspection Period, Buyer shall obtain an on-the-ground boundary and improvement ALTA land title survey
of the Property (the “Survey”) for Buyer’s and the Escrow Agent’s review and approval. If
the conveyance of the Property by Sellers requires subdivision approval or the recordation of a subdivision map or both, Sellers
shall, at Sellers’ cost and expense, comply with all such requirements on or prior to the Closing Date. Sellers and Buyer
shall mutually agree during the Inspection Period on such easements or declarations for water, sewer, irrigation, drainage and
access, all as may be necessary or required for the development and operation of the Property and the Seller’s adjacent
Property, including an access easement in order to insure the Property’s access to Huge Boulevard (the “Declaration”).
Seller shall prepare the initial draft of the Declaration. If required, upon Buyer’s approval of the final Survey, Sellers
shall cause to be prepared for review by the appropriate governmental authorities a subdivision plat (the “Plat”)
consistent with the Survey and depicting the Property to enable Sellers to convey the Property in compliance with governmental
requirements. The Plat and such easement or Declaration will be recorded by Sellers at Sellers’ expense prior to Closing
and will be subject to the approval of Buyer, such approval not to be unreasonably withheld, conditioned or delayed.

 

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4. Closing
Conditions & Closing Documents.

 

(a) Buyer’s
Closing Conditions. Buyer’s obligation to proceed with the Closing is subject to the satisfaction of each of the following
conditions:

 

(i) Sellers
delivering a certificate at Closing reaffirming its representations and warranties as of Closing.

 

(ii) Sellers
have delivered the items set forth in Section 5.

 

(iii) No
material adverse change in the condition of the Property has occurred between the expiration of the Inspection Period and the Closing
Date and remains uncured.

 

(iv) Buyer
received a commitment to issue an ALTA owner’s title insurance policy issued by Escrow Agent, as Title Agent, in the form
promulgated in Florida (the “Title Policy”) in the amount of the total Purchase Price, committing to
insure fee simple, indefeasible title to the Property in Buyer, subject only to the Permitted Encumbrances. To the extent necessary,
Sellers shall cooperate with Buyer for Buyer to obtain such endorsements to the Title Policy as Buyer may request.

 

(v) During
the Inspection Period, Buyer has consummated its Property financing arrangements with its lender(s) on terms acceptable to Buyer
in its sole discretion.

 

(vi) Seller
shall have provided evidence satisfactory to Buyer in its sole discretion of the Declaration and any final non-appealable Plat
necessary or required to enable Sellers to convey the Property in compliance with governmental requirements.

 

(vii) The
“Closing” under, and as defined in, the APA occurs simultaneously herewith.

 

(b) Sellers’
Closing Conditions. Sellers’ obligation to proceed with the Closing is subject to the satisfaction of each of the following
conditions:

 

(i) Buyer
delivering a certificate at Closing reaffirming its representations and warranties contained in this Agreement as of Closing.

 

(ii) The
Purchase Price and any additional balance to close as shown on the signed closing statement is deposited by wire transfer with
Escrow Agent.

 

(iii) The
“Closing” under, and as defined in, the APA occurs simultaneously herewith.

 

Upon closing, all of the Closing Conditions shall
be considered satisfied or waived.

 

5. Closing
Documents. At the Closing, Sellers shall execute and deliver the following documents to Buyer:

 

(a) Deed.
A special warranty deed in form reasonably satisfactory to Buyer (the “Deed”) vesting title to the Land
in Buyer free and clear of any and all liens and encumbrances (except for Permitted Encumbrances, if any), and upon request of
Buyer, a quit claim deed to the legal description from the Survey. In addition, a Quitclaim Assignment of personal property as
described in Section 1 of this Agreement.

 

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(b) Affidavits.
An owner’s affidavit in a form acceptable to Buyer and Escrow Agent’s title underwriter affirming that there are no
outstanding possessory rights, liens or rights to claim liens against the Property. An affidavit in a form complying with law that
Sellers is not a “foreign person” under, and as defined in, the Foreign Investment in Real Property Tax Act. Any other
affidavits required or reasonably requested by Buyer’s title insurer.

 

(c) IRS
Documents. An IRS Form 1099 and tax certificates.

 

(d) Settlement
Statement. Settlement statement prepared in accordance with the allocations contained in Section 2 hereof.

 

(e) Broker
Lien Waiver. Broker lien waivers.

 

(f) Evidence
of Authority. Any and all documents reasonably requested by the Escrow Agent or required by this Agreement to confirm that
this transaction and the parties executing such documents are fully authorized and empowered to so act.

 

(g) Sellers’
and Buyer’s Certificate. A certificate executed by Sellers and Buyer stating that, as of the Closing Date, each of their
representations and warranties set forth in this Agreement are true and correct.

 

(h) Closing
Documents. Such other documents as may be reasonably required by Buyer or Title Agent, including a bill of sale for property
related to the Property and certificate to Buyer that all of Sellers’ representations and warranties herein are true and
correct as of the Closing Date, a blanket quitclaim assignment in form reasonably acceptable to Buyer of all warranties and guaranties
pertaining to the Property, all assignable governmental and other licenses and permits affecting the Property and an assignment
in form reasonable acceptable to Buyer of any management or service agreements that Buyer has elected to assume to the extent applicable.
Evidence satisfactory to Buyer of termination of any and all leases with tenants which have rights of possession of all or any
portion of the Property. In addition, Buyer shall execute a Buyer’s Affidavit as may be required by Title Agent for the issuance
of a loan policy and Sellers and Buyer shall sign a mutually acceptable Closing Memorandum as prepared by Title Agent.

 

6. Sellers’
Representations & Warranties. Sellers represent and warrant as of the Effective Date and as of the Closing Date that:

 

(a) Formation.
Sellers are duly formed, validly existing, and in good standing under the laws of the State of Florida and are duly qualified to
transact business in the city and county in which the Property is located.

 

(b) Authority.
Sellers have the requisite legal power and authority to execute and deliver this Agreement, to perform the obligations of Sellers
hereunder, and to consummate the transactions contemplated hereby, all of which have been duly authorized and approved by all necessary
action and for which no consent of any person or governmental authority is required which has not been obtained, and no filing
with or other notification to any person or governmental authority is required which has not been properly completed. This Agreement
constitutes the valid and legally binding obligation of Sellers, enforceable in accordance with its terms, subject only to the
application of the Bankruptcy Code of the United States and any other applicable liquidation, conservatorship, bankruptcy, moratorium,
rearrangement, receivership, insolvency, reorganization, fraudulent conveyance or transfer, suspension of payments, or similar
state or federal law from time to time in effect affecting the rights of creditors generally.

 

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(c) Conflicts.
The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby does not and does not
contravene, conflict with, or result in any violation of or default under any provision of the organizational documents of Sellers,
or any resolution adopted by or on behalf of Sellers, or any mortgage, indenture, lease, membership agreement, loan or credit agreement,
or other contract, applicable law, or governmental approval applicable to Sellers. No governmental approval is required on the
part of Sellers in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated
hereby. The execution, delivery, and performance of this Agreement by Sellers does not require the consent of any creditor of Sellers
or of any other person, other than such consents as have been, or prior to the Closing will be, obtained.

 

(d) Proceedings.
There are no attachments, executions, assignments for the benefit of creditors, receiverships, conservatorships or voluntary or
involuntary proceedings in bankruptcy or pursuant to any other debtor relief laws contemplated or filed by Sellers or pending against
Sellers or the Property. There are no actions, suits, claims, proceedings or causes of action which are pending or, to Sellers’
knowledge, have been threatened or asserted against, or are affecting, Sellers or the Property or any part thereof in any court
or before any arbitrator, board or governmental or administrative agency or other person or entity which might have an adverse
effect on the Property or any portion thereof on Buyer’s ability to operate a full-service motor vehicle sales, service and
repair facility on the Property from and after the date hereof.

 

(e) Property
Rights. Sellers owns fee title to the Property free and clear of all liens and encumbrances (except the Permitted Encumbrances),
Sellers have no knowledge of any pending condemnation or annexation or similar proceeding affecting the Property or any portion
thereof, and Sellers have not received any written notice, nor has any knowledge, that any such proceeding is contemplated. The
Property is not burdened by any obligation for contribution of money or property to or participation in any road development or
completion project or to bear any share of the cost of any road or other offsite improvement. Except for the right of Buyer to
acquire the Property pursuant to this Agreement, no other person, firm or entity has any right to acquire all or any portion of
the Property or any interest therein. There are no leases, licenses or other occupancy agreements affecting the Property that will
not be terminated by the Closing Date. Except as set forth in the APA, there are no management or service agreements affecting
the Property. The Property has full and free access to and from public highways, streets and roads and there is no pending or threatened
action which would result in the termination or impairment of such access. Sellers shall not encumber or consent to the further
encumbrance of the Property, or any portion thereof, during the term of this Agreement.

 

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(f) Taxes.
Sellers have duly filed all foreign, federal, state, county and local income, excise, sales, property, withholding, unemployment,
social security, franchise, license, information returns and other tax returns and reports, or appropriate and permitted extensions
thereto, required to be filed by it to the date hereof with respect to itself or the Property. Each such return is true, correct,
and complete in all material respects, and Sellers have paid all taxes, assessments, amounts, interest and penalties due to the
applicable governmental authority. Sellers have no liability for any taxes, assessments, amounts, interest or penalties of any
nature whatsoever other than those for which Sellers have created sufficient reserves or made other adequate provision. No governmental
authority is now asserting or threatening to assert any deficiency or assessment for additional taxes, interest, penalties or fines
with respect to Sellers or the Property.

 

(g) Compliance.
Sellers have no knowledge of any violations of any all applicable laws, rules and regulations (including all worker safety and
all Environmental Laws, as hereinafter defined), restrictive covenants, applicable zoning and other laws, ordinances, regulations
and building codes, and the Sellers have not received any notice of any violation thereof which has not been cured. To Sellers’
knowledge, Sellers have all certificates of occupancy, permits and other governmental consents necessary to own and operate the
Property for its current use.

 

(h) Litigation.
There are no actions, suits or legal proceedings pending, or, to the knowledge of Sellers threatened, against or affecting Sellers
or the Property which might adversely affect the power or authority of Sellers to carry out the transactions to be performed by
Sellers hereunder.

 

(i) Environmental.
Sellers (i) have not received written notice from any governmental authority alleging a violation of any Environmental Laws that
are applicable to the Property, (ii) has complied in all material respects with all Environmental Laws that are applicable to the
Property, and has obtained and has been in compliance in all material respects with all required governmental environmental permits
with respect to the Property, and (iii) has neither caused or permitted unauthorized storage, treatment, discharge or disposal
of Hazardous Materials on the Property, except in compliance in all material respects with applicable Environmental Laws. “Environmental
Laws” means any federal, state or local statute, ordinance, rule or regulation relating to the existence, cleanup,
removal and/or remedy of contamination on property, the protection of the environment from spilled, emitted, discharged, discarded,
deposited or emplaced Hazardous Materials, the generation, use, transport, storage, handling, disposal, removal or recovery of
Hazardous Materials, and the exposure to hazardous, toxic, or other substances determined by law to be harmful, including, the
Comprehensive Environmental Response, Compensation and Liability Act of 1980 as amended (“CERCLA”), The
Toxic Substances Control Act, The Clean Air Act, and the Resource, Conservation and Recovery Act of 1976; and the term “Hazardous
Material” means any “hazardous substance,” as defined by §101(14) of CERCLA.

 

(j) Improvements.
Sellers have no knowledge of any defects in the physical condition of the improvements or fixtures on the Property (including structural
elements, mechanical systems, plumbing, electric, fire protection, mold, roofs, fences, paving, parking, sidewalks, utilities,
drainage and erosion control), such improvements and fixtures are in good operating condition and repair (reasonable wear and tear
excluded) and have been maintained, there exists no “deferred maintenance” or outstanding “short-term capital
expenditures” (as those terms are defined by the American Society of Testing Materials), all water, sewer, gas, electric,
telephone, drainage, and other utilities required by applicable law or necessary for the current or planned operation of the Property
by Sellers have been installed and connected pursuant to valid permits, such utilities are sufficient to service the Property for
the business conducted thereon by Sellers. Sellers have no knowledge of any existing code violations.

 

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(k) Foreign
Person. Sellers are not a “foreign person” under, and as defined in, Section 1445(f)(3) of the Internal Revenue
Code, as amended from time to time, and at Closing Sellers shall furnish Buyer an affidavit confirming same.

 

(l) Contractors.
No work has been performed by Sellers or Sellers’ agents, contractors or subcontractors, nor is there any work in progress
at the Property and no materials have been delivered to the Property by or for Sellers which might provide the basis for a mechanic’s,
materialmen’s or other lien against any part of the Property.

 

(m) Anti-Terrorism.
Sellers are not acting, directly or indirectly for, or on behalf of, any person, group, entity or nation named by any Executive
Order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions With Persons Who Commit,
Threaten to Commit, or Support Terrorism) or the United States Treasury Department as a terrorist, “Specially Designated
National and Blocked Person,” or other banned or blocked person, entity, or nation pursuant to any law that is enforced or
administered by the Office of Foreign Assets Control, and is not engaging in this transaction, directly or indirectly, on behalf
of, or instigating or facilitating this transaction, directly or indirectly, on behalf of, any such person, group, entity or nation.

 

(n) Brokers.
Except as provided in the APA, all negotiations relating to this Agreement and the transactions contemplated hereby and thereby
have been carried on without the participation of any person acting on behalf of Sellers in such manner as to give rise to any
valid claim against Buyer for any brokerage or finder’s commission, fee, expense, or similar compensation.

 

(o) Accuracy
& Disclosure. To Sellers’ knowledge, all information given to Buyer by or on behalf of Sellers and pertaining to
the Property or the operations thereon is true and correct in all respects, and fully and accurately depicts the matters set forth
therein. No representation or warranty made by Sellers in this Agreement, or in any statement, certificate, or other instrument
furnished to Buyer pursuant hereto, or in connection with the transactions contemplated hereby, contains (or will contain, when
furnished) any untrue statement of a material fact or omits (or will omit, when furnished) a material fact necessary to make the
statements herein or therein not misleading.

 

As used in this Agreement, the phrases “knowledge
of Sellers” or “Sellers’ knowledge” means the knowledge of William B. Fuccillo, Sr. All representations
and warranties contained herein and any indemnification obligations survive for a period of one (1) year from the Closing Date.
Notwithstanding anything to the contrary set forth in this Agreement, William B. Fuccillo, Sr., shall have no personal liability
whatsoever to Buyer pursuant to this Agreement with respect to matters set forth in this Agreement or any of Seller’s representations
and/or warranties herein being or becoming untrue, inaccurate, or incomplete.

 

    Page 10 of 18

     

    

 

7. Condemnation
& Casualty.

 

(a) Condemnation.
If, prior to the Closing, all or any part of the Property is taken, or Buyer or Sellers receive notice that all or any part of
the Property may be taken, in the exercise of the power of eminent domain, upon written notice to Sellers given within ten (10)
days after Buyer receives written notice of such taking, Buyer may terminate this Agreement and, in such event, Sellers and Buyer
will have no further rights or obligations hereunder to the other and Buyer will be entitled to a refund of the Earnest Money.
Otherwise, if prior to the Closing Date any part of the Property will have been taken, or Buyer or Sellers receive notice that
all or any part of the Property may be taken, in the exercise of the power of eminent domain by any governmental or private authority,
this Agreement will remain in full force and effect and at Closing, Sellers shall assign, transfer and set over to Buyer all of
the right, title and interest of Sellers in and to any awards that have been or that may thereafter be made for such taking. If
Sellers have received payment of any such awards prior to Closing, then such amounts will be credited against the Purchase Price.
In any event, if any of the Improvements are affected by such condemnation proceeding, then Sellers shall expeditiously and timely
undertake to restore such Improvements to a condition reasonably acceptable to Buyer. Buyer will have the right to approve all
plans, specifications, time periods and the contractor performing any such work.

 

(b) Casualty.
If, prior to the Closing, all or any part of the Property is damaged or destroyed by fire or other casualty, upon written notice
to Sellers given within ten (10) days after Buyer receives written notice of such casualty, Buyer may terminate this Agreement
and, in such event, Buyer and Sellers will have no further rights or obligations hereunder to the other and Buyer will be entitled
to a refund of the Earnest Money. If Buyer does not elect to terminate this Agreement as aforesaid, then this Agreement will remain
in full force and effect and at Closing, Sellers shall assign, transfer and set over to Buyer all of the right, title and interest
of Sellers in and to any proceeds that have been or that may thereafter be made for such casualty. If Sellers have received payment
of any such proceeds prior to Closing, then such amounts will be credited against the Purchase Price, to the extent not used for
restoring or repairing the Improvements. In any event, if any of the Improvements are affected by such casualty, then Sellers shall
expeditiously and timely undertake to restore such Improvements to a condition reasonably acceptable to Buyer. Buyer will have
the right to approve all plans, specifications, time periods and the contractor performing any such work.

 

8. Mutual
Indemnification. This Section 8 survives for the period of time specified in Section 6.

 

(a) Indemnification
of Buyer. Sellers shall indemnify Buyer, its successors and assigns and their respective owners, partners, officers, directors,
employees and agents from any and all claims, liabilities, damages, penalties, loss, cost or expense any of them may incur, including
reasonable attorneys’ fees, incident to, resulting from, or any way arising out of the ownership or operation of the Property
on or prior to Closing, including any and all claims, liabilities, damages, penalties, loss or expense incurred, resulting from,
or in any way arising out of environmental contamination or any injury to persons or damage to property happening or occurring
in, on or about the Property in connection with the operation of the Property on or prior to the Closing.

 

(b) Indemnification
of Sellers. Buyer shall indemnify Sellers and hold Sellers harmless from any and all claims, liabilities, damages, penalties,
loss, cost or expense incurred by Sellers, including reasonable attorneys’ fees, incident to, resulting from, or any way
arising out of the ownership or operation of the Property after the Closing, including any and all claims, liabilities, damages,
penalties, loss or expense incurred, resulting from, or in any way arising out of any injury to persons or damage to property happening
or occurring in, on or about the Property in connection with the operation of the Property after the Closing. In addition, Buyer’s
obligations under this provision shall include any and all claims, liabilities, damages, penalties, loss, cost or expense incurred
by Sellers, including reasonable attorneys’ fees, incident to, resulting from, or any way arising out of the Buyer’s
inspections made by Buyer and Buyer’s agents and representatives, which obligations survive termination of this Agreement.

 

    Page 11 of 18

     

    

 

(c) Settlement
of Claims. As used in this Section 8, the term “Indemnitor” refers to the Party from whom
indemnification is sought and the “Indemnified Party” refers to the Party seeking indemnification. If
any claim that is covered by this Section 8 is made against an Indemnified Party, the Indemnified Party shall give prompt
written notice of such claim (the “Indemnity Notice”) to the Indemnitor within the survival period as
set forth in this Agreement. Failure to give or delay in giving the Indemnity Notice will not relieve the Indemnitor of its obligation
to indemnify unless, and to the extent that, the Indemnitor is materially prejudiced by the failure or delay.

 

(d) Defense
& Settlement.

 

(i) Upon
receipt by the Indemnitor of the Indemnity Notice, the Indemnitor shall defend the claim, and all expenses (including attorneys’
fees) incurred in connection therewith will be paid by the Indemnitor, and shall notify the Indemnified Party of its intention
to defend within ten days after receipt of notice. The Indemnified Party will have the right to be represented by counsel at its
own expense in any defense. If the Indemnitor defends the claim, the Indemnitor will have the exclusive right to settle any such
matter, either before or after the initiation of litigation, at such time and upon such terms as it deems fair and reasonable,
provided that the Indemnitor, except with the consent of the Indemnified Party, shall not consent to entry of judgment or enter
into any settlement that involves injunctive relief against the Indemnified Party or does not include an unconditional release
by the claimant to the Indemnified Party from all liability in respect to such matter.

 

(ii) If
a claim under this Section is not defended by the Indemnitor and the claim is determined favorably to the Indemnified Party, the
Indemnified Party shall give notice to the Indemnitor of the amount of the expenses (including reasonable attorneys’ fees)
incurred with respect to such claim, and the Indemnitor shall remit such amount to the Indemnified Party promptly. If such claim
is finally determined adversely to the Indemnified Party or if the Indemnified Party compromises the claim, the Indemnified Party
shall give notice to the Indemnitor of the amount of such claim as finally determined or compromised (including the amount of the
Indemnified Party’s costs and interest with respect thereto and attorneys’ fees, if applicable), and the Indemnitor
shall remit such amount to the Indemnified Party promptly. References herein to costs and attorneys’ fees will also include
all costs and attorneys’ fees incurred in appeals.

 

    Page 12 of 18

     

    

 

9. Default.

 

(a) Buyer’s
Default. If Buyer breaches this Agreement prior to Closing and fails to cure such breach within ten (10) days after receiving
written notice from Sellers thereof, Sellers’ and Principal’s sole right and exclusive remedy is to either (i) terminate
this Agreement by giving written notice thereof to Buyer and then Sellers will be entitled to the Earnest Money deposit as liquidated
damages in full settlement of any and all claims, remedies or causes of actions against Buyer under this Agreement, including the
remedy of specific performance and other forms of equitable relief; or (ii) within ninety (90) days of Sellers’ initial notice
of default, pursue an action in equity against Buyer for the specific performance by Buyer of the terms and provisions of this
Agreement. The Parties acknowledge that it is impossible to estimate more precisely the damages which might be suffered by Sellers
and Principal upon Buyer’s default. Sellers’ and Principal’s retention of said Earnest Money pursuant to Section
9(a)(i) is intended not as a penalty, but as full liquidated damages. The right to receive and retain the Earnest Money as
full liquidated damages is Sellers’ and Principal’s sole and exclusive remedy in the event of default hereunder by
Buyer, except for Sellers’ remedies for Buyer’s uncured breach pursuant to Sections 8(b), and 10(h),
which shall survive termination.

 

(b) Sellers’
Default. If Sellers breach this Agreement prior to Closing and fail to cure such breach within ten (10) days after written
notice from Buyer, then Buyer may (i) within ninety (90) days after Buyer’s initial notice of default, pursue an action in
equity against Sellers for the specific performance by Sellers of the terms and provisions of this Agreement, and (if specific
performance fails)/or (ii) terminate this Agreement by giving written notice of such termination to Sellers and receive a full
refund of the Earnest Money (including interest accrued thereon) without prejudice to Buyer’s right to recover Buyer’s
actual damages.

 

(c) Cross
Default. A default by “Buyer” or a default by “Sellers” or “Principal” under, and as defined
in, the APA will be deemed to be a default hereunder by Buyer or Sellers, respectively, and termination of the APA will automatically
terminate this Agreement.

 

10. Miscellaneous.

 

(a) Transaction
& Enforcement Costs. Each Party shall bear all costs and expenses, including legal and accounting fees, incurred in connection
with this Agreement and the transactions contemplated hereby, and shall pay such costs and expenses whether or not the Closing
occurs. Upon any litigation between or among the Parties to enforce any provisions or rights hereunder, the unsuccessful Party
shall pay to the successful Party therein all costs and expenses expressly including reasonable attorneys’ fees and court
costs incurred therein by such successful Party, which costs, expenses and attorneys’ fees will be included in and as a part
of any judgment rendered in such litigation.

 

(b) Notices.
All notices and other communications provided for hereunder must be in writing, unless otherwise specified, and will be deemed
to have been duly given if delivered personally, via facsimile with receipt confirmation, via Federal Express or other nationally
recognized courier, or mailed, registered or certified mail, postage prepaid, to the addresses on the signature pages hereof or
at such other addresses as a Party may designate from time to time in writing. Notices and communications may also be given by
electronic mail to the electronic mail addresses of the Parties set forth below. Any and all notices will be effective upon receipt
or refusal to accept delivery. Notices on behalf of either Party may be given by the attorneys representing such Party.

 

    Page 13 of 18

     

    

 

(c) 1031
Exchange. If a Party desires to effect a tax-deferred exchange in connection with the conveyance of the Property, the other
Parties shall cooperate in affecting such exchange; provided, that the exchanging Party shall be responsible for all additional
costs associated with such exchange, and provided further, that the non-exchanging Parties shall not assume any additional liability
or be responsible for any costs with respect to such tax-deferred exchange. The Parties shall execute such additional documents,
at no cost to the non-requesting Party, as may be required to give effect to this provision.

 

(d)
Escrow Agent. Escrow Agent shall perform Escrow Agent’s duties pursuant to this provision. The duties of Escrow Agent
are purely ministerial and are limited to the safe keeping and disposition of the Earnest Money pursuant to this Agreement. Escrow
Agent shall not be deemed to have knowledge of any matter unless and until Escrow Agent receives actual written notice thereof,
and Escrow Agent shall not be charged with constructive notice whatsoever. In the event Escrow Agent is uncertain as to its duties,
or receives instructions or demands which, in its sole opinion, are conflicting or in violation of any provision of this Agreement,
then Escrow Agent is entitled to refrain from taking any action until it is directed in writing by Sellers and Buyer (and, at Escrow
Agent’s sole discretion, consented to by any third persons) or by final order or judgment of a court of competent jurisdiction,
or Escrow Agent may deposit the Earnest Money with the Clerk of the Circuit Court of Lee County, Florida and upon notifying Seller
and Buyer of that action, all obligations and liability on the part of Escrow Agent immediately and fully terminates except to
the extent of accounting for the Earnest Money delivered out of escrow. Escrow Agent may resign as Escrow Agent at any time upon
delivery of ten (10) days written notice to the Parties. Escrow Agent is not liable to any Party, entity, or person for any reason
unless Escrow Agent willfully, purposefully and wrongfully breaches the terms of this Agreement in the misdelivery of the Earnest
Money. The Parties, jointly and severally, hereby agree to indemnify, defend, and hold Escrow Agent free and harmless from and
against any and all claims, liabilities, damages, fees, charges, costs, expenses, penalties, losses, actions, suits, or proceedings
at law or in equity, of any kind or nature, which Escrow Agent incurs, may incur, or with which it may be threatened directly or
indirectly, arising solely from Escrow Agent acting as Escrow Agent under this Agreement, including, without limitation, costs,
reasonable attorneys’ fees at trial and appellate levels or bankruptcy proceedings, and Escrow Agent shall have a lien on
and right of set-off against any property or money held in escrow for the foregoing indemnification. The Parties acknowledge and
agree that Escrow Agent is also Sellers’ legal counsel, and Title Agent. Buyer acknowledges and agrees that even if there
are certain charges on the Closing Statement such as a closing fee, escrow fee, title search fee, title insurance premium, document
preparation, or other charges payable to Escrow Agent by Buyer, the Escrow Agent is performing those services on behalf of Sellers
incident to the issuance of a title insurance policy in favor of Buyer, and not as Buyer’s legal counsel. Sellers and Buyer
are aware that the Federal Deposit Insurance Corporation (FDIC) coverages apply to a maximum amount of $250,000.00 per depositor.
Further, Sellers and Buyer do not, and will not, hold Escrow Agent liable for any loss of the Earnest Money or any portion of the
Earnest that arises from bank failure or error, insolvency or suspension, or any other situation or event which falls under FDIC
coverages.

 

    Page 14 of 18

     

    

 

(e) Integration;
Amendments & Time. This Agreement and the APA contain the entire understanding between the Parties and supersede any prior
understanding and agreements between them respecting the subject matter of this Agreement (including that certain letter agreement
between Buyer and the APA sellers dated August 21, 2020). Any modification or amendment of this Agreement must be in writing and
executed by each Party. Time is of the essence in this Agreement, and all of the terms, covenants and conditions hereof. If the
last day to perform under a provision of this Agreement or the final day of any period (e.g., Inspection Period) falls on a Saturday,
Sunday, or legal holiday, the time for performance or the period is extended until the end of the next day which is not a Saturday,
Sunday, or legal holiday.

 

(f) Interpretation
& Administration. The Parties shall do all acts and execute all documents required to carry out the terms of this Agreement
and to act in good faith with respect to the terms and conditions contained herein. All captions and headings contained in this
Agreement are for convenience of reference only and will not be construed to limit or extend the terms or conditions of this Agreement.
The words “include”, “includes”, “included”, “including” and “such as”
do not limit the preceding words or terms and will be deemed to be followed by the words “without limitation”. All
pronouns and any variations thereof refer to the masculine, feminine or neuter, singular or plural, as the context may require.
All terms defined in this Agreement in their singular or plural forms, have correlative meanings when used herein in their plural
or singular forms, respectively. Each Party and its counsel have reviewed this Agreement and the rule of construction that any
ambiguities are to be resolved against the drafter will not be employed in the interpretation of this Agreement or any amendments
or exhibits hereto. This Agreement may be executed in one or more counterparts and delivered electronically or via facsimile, each
of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute
one and the same agreement. This Agreement is binding upon and inure to the benefit of the Parties, their successors and assigns.
Buyer may assign or otherwise transfer all of Buyer’s rights, obligations and benefits hereunder to any creditor in a sale-leaseback
or similar financing transaction or to any entity owned or controlled by, or under common control with, Buyer without Sellers’
consent. If any provision of this Agreement is inoperative or unenforceable for any reason, such circumstance will not have the
effect of rendering the provision in question inoperative or unenforceable in any other case or circumstance, or of rendering any
other provision or provisions herein contained invalid, inoperative, or unenforceable to any extent whatsoever. The invalidity
of any one or more phrases, sentences, clauses, paragraphs, or sections of this Agreement will not affect the remaining portions
of this Agreement. Sections 8, 9 and 10 of this Agreement will survive the expiration and termination of this Agreement
and remain in full force and effect after its termination or expiration. No failure or delay by any Party to enforce any right
specified herein will operate as a waiver of such right, nor will any single partial exercise of a right preclude any further or
later enforcement of the right.

 

(g) Applicable
Law; Venue. This Agreement is governed by and construed and enforced in accordance
with the internal laws and judicial decisions of the State of Florida without regard to conflict of law provisions thereof. Any
litigation, action or proceeding arising out of or relating to this Agreement must be held exclusively in any Florida state or
Federal court. Each Party hereby waives any objection which it might have now or hereafter to the venue of any such litigation,
action or proceeding, submits to the sole and exclusive jurisdiction of any such court and waives any claim or defense of inconvenient
forum. 

 

    Page 15 of 18

     

    

 

(h) Confidentiality.
APA Section 16(b) is incorporated herein, mutatis mutandis.

 

(i) Radon
Gas Notice.  Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities,
may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have
been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county public
health unit pursuant to Florida Statutes Section 404.056(8).

 

[Balance of Page Blank]

 

IN WITNESS WHEREOF, the Parties executed
and delivered this Agreement as of the Effective Date.

 

	WBF Florida Properties, LLC and WBF Florida Properties III, LLC, Florida limited liability companies, as Sellers	 	LMP Automotive Holdings, Inc., a Delaware corporation, as Buyer
	 	 	 	 	 
	By:	                      	 	By:	                          
	 	William B. Fuccillo, Jr., a manager of both	 	 	Sam Tawfik, Chief Executive Officer
	 	 	 	 	 
	 	Notice Address:	 	 	Notice Address:
	 	c/o Robert Scalione, Esq.	 	 	601 N. State Road 7
	 	217 S. Saline St., 7th Floor	 	 	Plantation, FL 33179
	 	Syracuse, NY  13202	 	 	sam@lmpmotors.com
	 	RScallione@melvinlaw.com	 	 	richard.aldahan@lmpmotors.com
	 	 	 	 	 

 

	Copy to:	Anthony G. Gargano, P.A.	 	Copy to:	Nolen, PLLC
	 	2240 W. First Street	 	 	6000 Monroe Road, Suite 350
	 	Fort Myers, FL  33901	 	 	Charlotte, NC 28212
	 	TGargano@garganolaw.com	 	 	Brian.Nolen@NolenPLLC.com

 

    Page 16 of 18

     

    

 

EXHIBIT A

 

Cape Coral Property

 

Owner: WBF Florida Properties, LLC

 

Purchase Price Allocation: $13,100,000.00

 

Main Parcel: 10.8 acres

Adjacent Parcel 9.77 acres

 

Legal Descriptions: To be updated upon completion of
the Survey.

 

	Current Parcel Numbers:	12-44-23-C4-0070B.0010 [Dealership]
	 	12-44-23-C4-03605.0090 [Excess Land]
	 	12-44-23-C4-03605.0010 [Excess Land]
	 	12-44-23-C4-03605.0020 [Excess Land] 
	 	12-44-23-C4-03596.0100  [Secondary Service Area]
	 	12-44-23-C3-03596.0210  [Excess Land] 

 

Port Charlotte Property

 

Owner: WBF Florida Properties III, LLC

 

Portion of Parcel No. 402103126001  south of Huge Boulevard
owned by Sellers. See attached depiction of Port Charlotte Property.

 

Purchase Price Allocation: $16, 800,000.00 – Dealership
26.30 acres

 

Purchase Price Allocation: $3,200,000.00 – Excess
Land 11 acres

 

Legal Descriptions to be updated upon completion of the Survey.

 

The Port Charlotte Property does not include any property north
of Huge Boulevard.

 

    Page 17 of 18

     

    

 

ESCROW RECEIPT

 

WBF FLORIDA PROPERTIES, LLC & WBF
FLORIDA PROPERTIES III, LLC

Real Estate Contract

 

Escrow Agent agrees to be bound by the Real Estate Contract
and acknowledges receipt of:

 

		☐	A. Completely
executed copies of the Real Estate Contract on September __, 2020;

 

		☐	B. Earnest
Money in the amount of $1,500,000.00 in the form of wire transfer on September __, 2020.

 

The effective date of the Real Estate Contract is the first
date on which Escrow Agent was in possession of both items described above, and thus, such date is September __, 2020 (the “Effective
Date”).

 

Escrow Agent:

Anthony J. Gargano, P. A.

2240 West First Street, Suite 105

Fort Myers, FL 33901

e-mail: tgargano@garganolaw.com

 

	By:	 	 
	 	Anthony J. Gargano, President	 

 

Escrow Agent acknowledges having reviewed this Real Estate Contract
and agrees to be bound by those provisions thereof which pertain to Escrow Agent and its duties thereunder.

 

 

Page 18 of 18EX-4.2

 Exhibit 4.2 

RENASANT CORPORATION 

THIRD SUPPLEMENTAL INDENTURE 

dated as of September 3, 2020 

to the Subordinated Indenture 

dated as of August 22, 2016 

4.50% Fixed-to-Floating Rate Subordinated Notes due 2035

 Wilmington Trust, National Association, as Trustee 

 THIRD SUPPLEMENTAL INDENTURE 

THIS THIRD SUPPLEMENTAL INDENTURE (“Third Supplemental Indenture”), dated as of September 3, 2020, between Renasant
Corporation, a Mississippi corporation (the “Company”), and Wilmington Trust, National Association, a national banking association, not in its individual capacity but solely as trustee (“Trustee”). 

RECITALS 
 WHEREAS,
the Company and the Trustee have executed and delivered a Subordinated Indenture, dated as of August 22, 2016 (the “Base Indenture” and as supplemented by the First Supplemental Indenture, dated as of August 22, 2016
between the Company and the Trustee, by the Second Supplemental Indenture, dated as of August 22, 2016 between the Company and the Trustee, and by this Third Supplemental Indenture, and as further supplemented from time to time, the
“Indenture”), to provide for the issuance from time to time by the Company of its unsecured subordinated indebtedness to be issued in one or more series as provided in the Indenture; 

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

WHEREAS, the issuance and sale of One Hundred Million Dollars ($100,000,000) aggregate principal amount of a new series of Securities
of the Company designated as its 4.50% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “2035 Notes”) have been authorized by resolutions adopted by the
Board of Directors of the Company; 
 WHEREAS, the Company desires to issue and sell One Hundred Million Dollars ($100,000,000)
aggregate principal amount of the 2035 Notes as of the date hereof; 
 WHEREAS, the Company desires to establish the terms of the
2035 Notes; 
 WHEREAS, all things necessary to make this Third Supplemental Indenture a legal and binding supplement to the Base
Indenture in accordance with its terms and the terms of the Base Indenture have been done; 
 WHEREAS, the Company has complied with
all conditions precedent provided for in the Base Indenture relating to this Third Supplemental Indenture; and 
 WHEREAS, the
Company has requested that the Trustee execute and deliver this Third Supplemental Indenture. 
 NOW, THEREFORE, for and in
consideration of the premises stated herein and the purchase of the 2035 Notes by the Holders thereof, the Company and the Trustee covenant and agree, for the equal and proportionate benefit of the Holders of the 2035 Notes, as follows: 

ARTICLE I 
 SCOPE OF THIRD
SUPPLEMENTAL INDENTURE 
 Section 1.01. Scope. This Third Supplemental Indenture constitutes a supplement to the Base Indenture
and an integral part of the Indenture and shall be read together with the Base Indenture as though all the provisions thereof are contained in one instrument. Except as expressly amended by the 

  
 1 

 
Third Supplemental Indenture, the terms and provisions of the Base Indenture shall remain in full force and effect. Notwithstanding the foregoing, this Third Supplemental Indenture shall only
apply to the 2035 Notes. 
 ARTICLE II 

DEFINITIONS 
 Section 2.01.
Definitions and Other Provisions of General Application. For all purposes of this Third Supplemental Indenture unless otherwise specified herein: 

(a) all terms used in this Third Supplemental Indenture which are not otherwise defined herein shall have the meanings they are given in the
Base Indenture and include the plural as well as the singular; 
 (b) the provisions of general application stated in Sections 10.1 through
10.14 of the Base Indenture shall apply to this Third Supplemental Indenture, except that the words “herein,” “hereof,” “hereto” and “hereunder” and other words of similar import
refer to this Third Supplemental Indenture as a whole and not to the Base Indenture or any particular Article, Section or other subdivision of the Base Indenture or this Third Supplemental Indenture; 

(c) Section 1.1 of the Base Indenture is amended and supplemented, solely with respect to the 2035 Notes, by inserting the following
additional defined terms in their appropriate alphabetical positions: 
 “Act” means any request, demand, authorization,
direction, notice, consent, waiver or other action provided or permitted by the Indenture to be given, made or taken by Holders, which may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders
in person or by agent duly appointed in writing; such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. 

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

“Benchmark” means, initially, Three-Month Term SOFR; provided that if the Calculation Agent determines on or prior to the
Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR or the then-current Benchmark, then “Benchmark” means the applicable Benchmark
Replacement. All percentages used in or resulting from any calculation of the then-current Benchmark shall be rounded, if necessary, to the nearest one-hundred-thousandth of a percentage point, with 0.000005%
rounded up to 0.00001%. 
 “Benchmark Replacement” means the Interpolated Benchmark with respect to the then-current
Benchmark, plus the Benchmark Replacement Adjustment for such Benchmark; provided that if (a) the Calculation Agent cannot determine the Interpolated Benchmark as of the Benchmark Replacement Date or (b) the then-current Benchmark is
Three-Month Term SOFR and a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR (in which event no Interpolated Benchmark with respect to Three-Month Term SOFR shall be
determined), then “Benchmark Replacement” means the first alternative set forth in the order below that can be determined by the Calculation Agent as of the Benchmark Replacement Date: 

(1) Compounded SOFR; 

  
 2 

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

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

(4) the sum of: (a) the alternate rate that has been selected by the Calculation Agent as the replacement for the then-current Benchmark
for the applicable Corresponding Tenor, giving due consideration to any industry-accepted rate as a replacement for the then-current Benchmark for U.S. Dollar-denominated floating rate securities at such time, and (b) the Benchmark Replacement
Adjustment. 
 “Benchmark Replacement Adjustment” means the first alternative set forth in the order below that can be
determined by the Calculation Agent as of the Benchmark Replacement Date: 
 (1) the spread adjustment, or method for calculating or
determining such spread adjustment (which may be a positive or negative value or zero), that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement; 

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

(3) the spread adjustment (which may be a positive or negative value or zero) that has been selected by the Calculation Agent giving due
consideration to any industry-accepted spread adjustment or method for calculating or determining such spread adjustment, for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for U.S.
Dollar-denominated floating rate securities at such time. 
 “Benchmark Replacement Conforming Changes” means, with respect
to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “interest period,” timing and frequency of determining rates with respect to each interest period and making
payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market
practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for use of the Benchmark Replacement exists, in such
other manner as the Calculation Agent determines is reasonably necessary). 
 “Benchmark Replacement Date” means the
earliest to occur of the following events with respect to the then-current Benchmark: 
 (1) in the case of clause (1) of the
definition of “Benchmark Transition Event,” the relevant Reference Time in respect of any determination; 
 (2) in
the case of clause (2) or (3) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the
administrator of the Benchmark permanently or indefinitely ceases to provide the Benchmark; or 
 (3) in the case of clause (4) of the
definition of “Benchmark Transition Event,” the date of the public statement or publication of information referenced therein. 

  
 3 

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

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

“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the then-current
Benchmark: 
 (1) if the Benchmark is Three-Month Term SOFR, (a) the Relevant Governmental Body has not selected or recommended a
forward-looking term rate for a tenor of three months based on SOFR, (b) the development of a forward-looking term rate for a tenor of three months based on SOFR that has been recommended or selected by the Relevant Governmental Body is not
complete or (c) the Company determines that the use of a forward-looking rate for a tenor of three months based on SOFR is not administratively feasible; 

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

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

“Calculation Agent” has the meaning ascribed in Section 3.02(e)(iv) of the Third Supplemental Indenture. 

“Compounded SOFR” means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology
for this rate, and conventions for this rate being established by the Calculation Agent in accordance with: 
 (1) the rate, or methodology
for this rate, and conventions for this rate selected or recommended by the Relevant Governmental Body for determining Compounded SOFR; provided that: 

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

  
 4 

 For the avoidance of doubt, the calculation of Compounded SOFR shall exclude the Benchmark
Replacement Adjustment (if applicable) and the spread of 402.5 basis points per annum. 
 “Corresponding Tenor” with
respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark. 

“DTC” has the meaning provided in Section 3.02(h) of the Third Supplemental Indenture. 

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

“Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at
http://www.newyorkfed.org, or any successor source. 
 “Fixed Rate Interest Payment Date” has the meaning provided
in Section 3.02(e)(i) of the Third Supplemental Indenture. 
 “Fixed Rate Period” has the meaning provided in
Section 3.02(e)(i) of the Third Supplemental Indenture. 
 “Fixed Rate Regular Record Date” has the meaning provided
in Section 3.02(e)(i) of the Third Supplemental Indenture. 
 “Floating Rate Interest Payment Date” has the meaning
provided in Section 3.02(e)(ii) of the Third Supplemental Indenture. 
 “Floating Rate Period” has the meaning
provided in Section 3.02(e)(ii) of the Third Supplemental Indenture. 
 “Floating Rate Regular Record Date” has the
meaning provided in Section 3.02(e)(ii) of the Third Supplemental Indenture. 
 “Interest Payment Date” has the
meaning provided in Section 3.02(e)(ii) of the Third Supplemental Indenture. 
 “interest period” means the period
from and including the immediately preceding Interest Payment Date in respect of which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from and including the Issue Date to, but excluding, the
applicable Interest Payment Date or the Maturity Date or date of earlier redemption, if applicable. 
 “Interpolated
Benchmark” with respect to the Benchmark means the rate determined for the Corresponding Tenor by interpolating on a linear basis between: (1) the Benchmark for the longest period (for which the Benchmark is available) that is shorter
than the Corresponding Tenor, and (2) the Benchmark for the shortest period (for which the Benchmark is available) that is longer than the Corresponding Tenor. 

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

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

  
 5 

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

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

“Issue Date” means September 3, 2020. 

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

“Maturity Date” has the meaning provided in Section 3.02(d) of the Third Supplemental Indenture. 

“Redemption Date” has the meaning provided in Section 3.02(h) of the Third Supplemental Indenture. 

“Reference Time” with respect to any determination of the Benchmark means (1) if the Benchmark is Three-Month Term SOFR,
the time determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions, and (2) if the Benchmark is not Three-Month Term SOFR, the time determined by the Calculation Agent after giving effect to the Benchmark
Replacement Conforming Changes. 
 “Relevant Governmental Body” means the Federal Reserve and/or the Federal Reserve Bank
of New York, or a committee officially endorsed or convened by the Federal Reserve and/or the Federal Reserve Bank of New York or any successor thereto. 

“SOFR” means the secured overnight financing rate published by the Federal Reserve Bank of New York, as the administrator of
the Benchmark (or a successor administrator), on the Federal Reserve Bank of New York’s website. 
 “Tax Event” means
the receipt by the Company of an opinion of independent tax counsel to the effect that as a result of (a) an amendment to, or change (including any announced prospective amendment or change) in, any law or treaty, or any regulation thereunder,
of the United States or any political subdivision or taxing authority thereof or therein; (b) a judicial decision, administrative action, official administrative pronouncement, ruling, regulatory procedure, regulation, notice or announcement,
including any notice or announcement of intent to adopt or promulgate any ruling, regulatory procedure or regulation (any of the foregoing, an “Administrative or Judicial Action”); or (c) an amendment to or change in any
official position with respect to, or any interpretation of, an Administrative or Judicial Action or a law or regulation of the United States that differs from the previously generally accepted position or interpretation, in each case, which change
or amendment or challenge becomes effective or which pronouncement, decision or challenge is announced on or after the original issue date of the 2035 Notes, there is more than an insubstantial risk that interest payable by the Company on the 2035
Notes is not, or, within 90 days of the date of such opinion, will not be, deductible by the Company, in whole or in part, for United States federal income tax purposes. 

  
 6 

 “Term SOFR” means the forward-looking term rate based on SOFR that has been
selected or recommended by the Relevant Governmental Body. 
 “Term SOFR Administrator” means any entity designated by the
Relevant Governmental Body as the administrator of Term SOFR (or a successor administrator). 
 “Three-Month Term SOFR”
means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any interest period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR
Conventions. All percentages used in or resulting from any calculation of Three-Month Term SOFR shall be rounded, if necessary, to the nearest one-hundred-thousandth of a percentage point, with 0.000005%
rounded up to 0.00001%. 
 “Three-Month Term SOFR Conventions” means any determination, decision or election with respect
to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of
determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of
Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent
determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary). 

“Tier 2 Capital Event” means the Company’s good faith determination that, as a result of (a) any amendment to, or
change in, the laws, rules or regulations of the United States (including, for the avoidance of doubt, any agency or instrumentality of the United States, including the Federal Reserve and other federal bank regulatory agencies) or any political
subdivision of or in the United States that is enacted or becomes effective after the original issue date of the 2035 Notes; (b) any proposed change in those laws, rules or regulations that is announced or becomes effective after the original
issue date of the 2035 Notes; or (c) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws, rules, regulations, policies or guidelines with respect
thereto that is announced after the original issue date of the 2035 Notes, there is more than an insubstantial risk that the Company will not be entitled to treat the 2035 Notes then outstanding as “Tier 2 Capital” (or its equivalent) for
purposes of the capital adequacy rules or regulations of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) (or, as and if applicable, the capital adequacy rules or regulations of any successor appropriate
federal banking agency) as then in effect and applicable to the Company, for so long as any 2035 Notes are outstanding. 

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

(d) Section 1.1 of the Base Indenture is amended and supplemented, solely with respect to the 2035 Notes, by replacing the corresponding
defined term in the Base Indenture with the following defined terms: 
 “Business Day” means (a) each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking institutions in New York are authorized or obligated by law or executive order to close, or (b) a day on which the Corporate Trust Office of the Trustee is not closed for
business. 
 “Indenture” has the meaning set forth in the Recitals. 

  
 7 

 “Senior Indebtedness” means any obligation of the Company to its creditors,
whether now outstanding or subsequently incurred, other than any obligation where, in the instrument creating or evidencing the obligation or pursuant to which the obligation is outstanding, it is provided that the obligation is not Senior
Indebtedness. Senior Indebtedness includes, without limitation: 
 a. the principal (and premium, if any) of and interest in respect of
indebtedness of the Company for purchased or borrowed money, whether or not evidenced by securities, notes, debentures, bonds or other similar instruments issued by the Company, including obligations incurred in connection with the acquisition of
property, assets or businesses; 
 b. all capital lease obligations of the Company; 

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

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

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

f. all obligations of the type referred to in clauses (a) through (e) of other persons for the payment of which the Company is
responsible or liable as obligor, guarantor or otherwise; 
 g. all obligations of the type referred to in clauses (a) through (f) of
other persons secured by any lien on any property or asset of the Company whether or not such obligation is assumed by the Company; and 

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

Notwithstanding the foregoing, Senior Indebtedness does not include: 

a. the 2035 Notes; 
 b. trade
accounts payable arising in the ordinary course of business; and 
 c. any indebtedness that by its terms is subordinated to, or ranks on an
equal basis with, the 2035 Notes. 
 ARTICLE III 

FORM AND TERMS OF THE 2035 Notes 

Section 3.01. Form and Dating. 

(a) The 2035 Notes shall be substantially in the form of Exhibit A attached hereto. The 2035 Notes shall be executed in the name and on
behalf of the Company by the manual, electronic 

  
 8 

 
signature or facsimile signature of its Chairman of the Board of Directors, its Chief Executive Officer, its President or one of its Executive Vice Presidents. Unless otherwise provided herein or
in the 2035 Notes, the words “execute,” “execution,” “signed,” and “signature” and words of similar import used in or related to any document to be signed in connection with this Indenture, any 2035 Notes or
any of the transactions contemplated hereby (including amendments, waivers, consents and other modifications) shall be deemed to include electronic signatures and the keeping of records in electronic form, each of which shall be of the same legal
effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as applicable, to the fullest extent and as provided for in any Applicable Law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, and any other similar state laws based on the Uniform Electronic Transactions Act, provided that, notwithstanding anything herein to the contrary, the
Trustee is not under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by such Trustee pursuant to procedures approved by such Trustee. If the person whose signature is on any 2035 Notes
no longer holds that office at the time the 2035 Notes are authenticated and delivered, the 2035 Notes shall nevertheless be valid. 
 (b)
The 2035 Notes may have a legend or legends or endorsements as may be required to comply with any law or with any rules of any securities exchange or usage. The 2035 Notes shall be dated the date of their authentication. 

(c) The terms contained in the 2035 Notes shall constitute, and are hereby expressly made, a part of the Indenture as supplemented by this
Third Supplemental Indenture, and the Company and the Trustee, by their execution and delivery of this Third Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

Section 3.02. Terms of the 2035 Notes. The following terms relating to the 2035 Notes are hereby established: 

(a) Title. The 2035 Notes shall constitute a series of Securities having the title “Renasant Corporation 4.50% Fixed-to-Floating Rate Subordinated Notes due 2035” and the CUSIP number 75970E AD9. 

(b) Principal Amount. The aggregate principal amount of the 2035 Notes that may be authenticated and delivered under the Indenture, as
amended hereby, shall be One Hundred Million Dollars ($100,000,000) on the Issue Date. Provided that no Event of Default has occurred and is continuing with respect to the 2035 Notes, the Company may, without notice to or the consent of the Holders,
create and issue additional Securities having the same terms as, and ranking equally and ratably with, the 2035 Notes in all respects and so that such additional 2035 Notes will be consolidated and form a single series with, and have the same terms
as to status, redemption or otherwise as, the 2035 Notes initially issued (except for any differences in the issue price and interest accrued prior to the date of issuance of the additional 2035 Notes), and with the same CUSIP number as the 2035
Notes, provided that such additional 2035 Notes are fungible for U.S. federal income tax purposes with the 2035 Notes. 
 (c) Person to
Whom Interest is Payable. Interest payable, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the person in whose name the 2035 Notes are registered for such interest at the close of business on the fifteenth
calendar day of the month immediately preceding the applicable Interest Payment Date, whether or not such day is a Business Day. Any such interest which is payable, but not so punctually paid or duly provided for on any Interest Payment Date shall
cease to be payable to the Holder on such relevant record date by virtue of having been a Holder on such date, and such defaulted interest may be paid by the Company to the person in whose name the 2035 Note is registered at the close of business on
a special record date for the payment 

  
 9 

 
of such defaulted interest to be fixed by the Company, notice whereof shall be given to Holders of 2035 Notes of this series not less than 10 days prior to such special record date that complies
with Section 2.13 of the Base Indenture, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the 2035 Notes may be listed and upon such notice as may be required by such
exchange and in compliance with the Base Indenture. 
 (d) Maturity Date. The entire outstanding Principal of the 2035 Notes shall be
payable on September 15, 2035 (the “Maturity Date”). 
 (e) Interest. 

(i) The 2035 Notes will bear interest at a fixed rate of 4.50% per annum from and including September 3, 2020 to, but excluding,
September 15, 2030 (the “Fixed Rate Period”). Interest accrued on the 2035 Notes during the Fixed Rate Period will be payable semi-annually in arrears on March 15 and September 15 of each year, commencing on
March 15, 2021 (each such date a “Fixed Rate Interest Payment Date”). The last Fixed Rate Interest Payment Date shall be September 15, 2030, unless the 2035 Notes are earlier redeemed. The interest payable during the Fixed
Rate Period will be paid to each holder in whose name a 2035 Note is registered at the close of business on the fifteenth day (whether or not a Business Day) of the month immediately preceding the applicable Fixed Rate Interest Payment Date (each
such date, a “Fixed Rate Regular Record Date”). 
 (ii) The 2035 Notes will bear a floating interest rate from and
including September 15, 2030 to the Maturity Date or earlier Redemption Date (the “Floating Rate Period”). The floating interest rate will be reset quarterly, and the interest rate for any Floating Rate Period shall be equal to
the then-current Three-Month Term SOFR plus 402.5 basis points for each quarterly interest period during the Floating Rate Period. During the Floating Rate Period, interest on the 2035 Notes will be payable quarterly in arrears on March 15,
June 15, September 15 and December 15 of each year commencing on December 15, 2030 through the Maturity Date or Redemption Date (each such date, a “Floating Rate Interest Payment Date”, together with a Fixed Rate
Interest Payment Date, an “Interest Payment Date”). The interest payable during the Floating Rate Period will be paid to each holder in whose name a 2035 Note is registered at the close of business on the fifteenth day (whether or
not a Business Day) of the month immediately preceding the applicable Floating Rate Interest Payment Date (each such date, a “Floating Rate Regular Record Date”). Notwithstanding the foregoing, if Three-Month Term SOFR (or other
applicable Benchmark) is less than zero, then Three-Month Term SOFR (or other such Benchmark) shall be deemed to be zero. The Calculation Agent (as defined below) will provide the Company and the Trustee with the interest rate in effect on the Notes
promptly after the Reference Time (or such other date of determination for the applicable Benchmark). 
 (iii) The amount of interest
payable on any Fixed Rate Interest Payment Date during the Fixed Rate Period will be computed on the basis of a 360-day year consisting of twelve 30-day months up to,
but excluding September 15, 2030, and the amount of interest payable on any Floating Rate Interest Payment Date during the Floating Rate Period will be computed on the basis of a 360-day year and the
number of days actually elapsed. The Company or the Calculation Agent, as applicable, shall calculate the amount of interest payable on any Interest Payment Date and the Trustee shall have no duty to confirm or verify any such calculation. In the
event that any scheduled Interest Payment Date or the Maturity Date for the 2035 Notes falls on a day that is not a Business Day, then payment of interest payable on such Interest Payment Date or of principal and interest payable on the Maturity
Date will be paid on the next succeeding day which is a Business Day (any payment made on such date will be treated as being made on the date that the payment was first due and no interest on such payment will accrue for the period from and after
such scheduled Interest Payment Date); provided, that in the event that any scheduled Floating Rate Interest Payment Date falls on a day that is not a Business Day and the next 

  
 10 

 
succeeding Business Day falls in the next succeeding calendar month, such Floating Rate Interest Payment Date will be accelerated to the immediately preceding Business Day, and, in each such
case, the amounts payable on such Business Day will include interest accrued to but excluding such Business Day. Dollar amounts resulting from interest calculations will be rounded to the nearest cent, with
one-half cent being rounded upward. 
 (iv) The Company shall take such actions as are necessary to
ensure that, from the commencement of the Floating Rate Period, for so long as any of the 2035 Notes are outstanding, there will at all times be a calculation agent appointed by the Company to calculate Three-Month Term SOFR in respect of each
Floating Rate Period (the “Calculation Agent”). The calculation of Three-Month Term SOFR for each applicable Floating Rate Period by the Calculation Agent will (in the absence of manifest error) be final and binding. The Calculation
Agent’s determination of any interest rate and its calculation of interest payments for any period will be maintained on file at the Calculation Agent’s principal offices, will be made available to any Holder of the Notes upon request and
will be provided to the Trustee. The Calculation Agent shall have all the rights, protections and indemnities afforded to the Trustee under the Base Indenture and hereunder. The Company will act as the initial Calculation Agent. The Calculation
Agent may be removed by the Company at any time. If the Calculation Agent is unable or unwilling to act as Calculation Agent or is removed by the Company, the Company will promptly appoint a replacement Calculation Agent. The Calculation Agent may
not resign its duties without a successor having been duly appointed; provided, that if a successor Calculation Agent has not been appointed by the Company and such successor accepted such position within 30 days after the giving of notice of
resignation by the Calculation Agent, the resigning Calculation Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Calculation Agent with respect to such series. The Trustee will
not be under any duty to succeed to, assume or otherwise perform any of the duties of the Calculation Agent, or to appoint a successor or replacement in the event of the Calculation Agent’s resignation or removal or to replace the Calculation
Agent in the event of a default, breach or failure of performance on the part of the Calculation Agent with respect to the Calculation Agent’s duties and obligations hereunder. For the avoidance of doubt, if at any time there is no Calculation
Agent appointed by the Company, then the Company shall be the Calculation Agent. The Company may appoint itself or any of its Affiliates to be the Calculation Agent. The Calculation Agent’s calculation of the amount of any interest payable on
any Interest Payment Date will be maintained on file at the Calculation Agent’s principal offices, and will be made available to any Holder of the Notes upon request and will be provided to the Trustee. 

(f) Effect of Benchmark Transition Event. 

(i) If the Calculation Agent determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred on or
prior to the Reference Time in respect of any determination of the Benchmark on any date, then the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the 2035 Notes during the Floating Rate Period in respect
of such determination on such date and all determinations on all subsequent dates. In connection with the implementation of a Benchmark Replacement, the Calculation Agent will have the right to make Benchmark Replacement Conforming Changes from time
to time. 
 (ii) Notwithstanding anything set forth in Section 3.02(e)(ii) above, if the Calculation Agent determines on or prior to
the relevant Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR, then the provisions set forth in this Section 3.02(f) will thereafter apply to all
subsequent determinations of the interest rate on the 2035 Notes during the Floating Rate Period. After a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the interest rate on the 2035 Notes for each interest
period during the Floating Rate Period will subsequently be an annual rate equal to the Benchmark Replacement plus 402.5 basis points. 

  
 11 

 (iii) The Calculation Agent is expressly authorized to make certain determinations,
decisions and elections under the terms of the 2035 Notes, including with respect to the use of Three-Month Term SOFR as the Benchmark and under this Section 3.02(f). Any determination, decision or election that may be made by the Calculation
Agent under the terms of the 2035 Notes, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to
take or refrain from taking any action or selection (A) will be conclusive and binding on the Holders of the 2035 Notes and the Trustee absent manifest error, (B) if made by the Company as Calculation Agent, will be made in the
Company’s sole discretion, (C) if made by a Calculation Agent other than the Company, will be made after consultation with the Company, and the Calculation Agent will not make any such determination, decision or election to which the
Company reasonably objects and (D) notwithstanding anything to the contrary herein or in the Base Indenture, shall become effective without consent from the Holders of the 2035 Notes, the Trustee or any other party. If the Calculation Agent
fails to make any determination, decision or election that it is required to make under the terms of the 2035 Notes, then the Company will make such determination, decision or election on the same basis as described above. 

(iv) The Company (or its Calculation Agent) shall notify the Trustee in writing (i) upon the occurrence of the Benchmark Transition
Event or the Benchmark Replacement Date, and (ii) of any Benchmark Replacements, Benchmark Replacement Conforming Changes and other items affecting the interest rate on the 2035 Notes after a Benchmark Transition Event. 

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

  
 12 

 
of the foregoing provisions concerning the calculation of the interest rate and the payment of interest during the Floating Rate Period are inconsistent with any of the Three-Month Term SOFR
Conventions determined by the Calculation Agent, then the relevant Three-Month Term SOFR Conventions will apply. 
 (g) Place of Payment
of Principal and Interest. So long as the 2035 Notes shall be issued in global form, the Company shall make, or cause the Paying Agent to make, all payments of principal and interest on the 2035 Notes by wire transfer in immediately available
funds to the Depository or its nominee, in accordance with applicable procedures of the Depository. If the 2035 Notes are not in global form, the Company, may, at its option, make, or cause the Paying Agent to make, payments of principal and
interest on the 2035 Notes by check mailed to the address of the person specified for payment in accordance with Section 3.02(e)(i) and (e)(ii) above. A global security with respect to the 2035 Notes shall be exchangeable for physical
securities of such series only if: 
  

	 	•	 	 The U.S. Depository is at any time unwilling or unable or ineligible to continue as a depository or ceases to be
a clearing agency registered under the Exchange Act and a successor depository is not appointed by the Company within 90 days of the date the Company is so notified in writing; 

 

	 	•	 	 The Company executes and delivers to the Trustee a Company Order to the effect that such global securities shall
be so exchangeable (and the Trustee consents thereto); or 

  

	 	•	 	 An Event of Default has occurred and is continuing with respect to the global securities and a Holder requests
such exchange. 

 (h) Redemption. The 2035 Notes shall be redeemable, in each case, in whole or in part from time
to time, at the option of the Company prior to the Maturity Date beginning with the Interest Payment Date on September 15, 2030, and on any Interest Payment Date thereafter (each, a “Redemption Date”) subject to obtaining the
prior approval of the Federal Reserve to the extent such approval is required under the rules of the Federal Reserve (or, as and if applicable, the rules of any appropriate successor bank regulatory agency). The 2035 Notes may not otherwise be
redeemed prior to the Maturity Date, except that the Company may, at its option, redeem the 2035 Notes before the Maturity Date in whole but not in part from time to time, subject to obtaining the prior approval of the Federal Reserve to the extent
such approval is then required under the rules of the Federal Reserve (or, as and if applicable, the rules of any appropriate successor bank regulatory agency), upon the occurrence of a Tier 2 Capital Event or a Tax Event, or if the Company is
required to register as an investment company pursuant to the Investment Company Act of 1940, as amended (15 U.S.C. 80a-1 et seq.). Any such redemption will be at a Redemption Price equal to 100% of the
principal amount of the 2035 Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date fixed by the Company. The provisions of Article III of the Base Indenture shall apply to any redemption of the 2035 Notes
pursuant to this Article 3, provided that a notice of redemption shall be delivered to holders of the 2035 Notes (with a copy to the Trustee) not less than 30 nor more than 60 days prior to the Redemption Date. Any partial redemption will be made in
accordance with The Depository Trust Company’s (“DTC”) applicable procedures among all of the Holders of the 2035 Notes. If any 2035 Note is to be redeemed in part only, the notice of redemption relating to such 2035 Note shall
state that it is a partial redemption and the portion of the principal amount thereof to be redeemed, and a replacement 2035 Note in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon
cancellation of the original 2035 Note. Any notice of redemption may be conditional in the Company’s discretion on one or more conditions precedent, and the Redemption Date may be delayed until such time as any or all of such conditions have
been satisfied or revoked by the Company if it determines that such conditions will not be satisfied. 

  
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 (i) No Repayment or Sinking Fund. The 2035 Notes will not be subject to redemption or
repayment at the option of any Holder at any time prior to the Maturity Date. There shall be no sinking fund for the 2035 Notes. 
 (j)
Notes Not Convertible or Exchangeable. The 2035 Notes will not be convertible into or exchangeable for equity securities, other securities, or assets or property of the Company or its subsidiaries. 

(k) Denomination. The 2035 Notes and any beneficial interest in the 2035 Notes shall be in minimum denominations of $1,000 and integral
multiples of $1,000 in excess thereof. 
 (l) Currency of the 2035 Notes. The 2035 Notes shall be denominated, and payment of
principal and interest of the 2035 Notes shall be payable in, the currency of the United States of America. 
 (m) No Additional
Amounts. In the event that any payment on the 2035 Notes is subject to withholding of any U.S. federal income tax or other tax or assessment (as a result of a change in law or otherwise), the Company will not pay additional amounts with
respect to such tax or assessment. 
 (n) Acceleration. Neither the Trustee nor the Holders of the 2035 Notes shall have the right to
accelerate the maturity of the 2035 Notes unless there is an Event of Default specified under clause (e), (f) or (g) of Section 6.1 (as amended herein) of the Base Indenture. If an Event of Default specified in clause (e), (f) or
(g) of Section 6.1 (as amended herein) of the Base Indenture occurs, then the principal amount of all of the outstanding 2035 Notes, including any accrued and unpaid interest on the 2035 Notes and premium, if any, shall automatically
become and be immediately due and payable without any declaration or other act on the part of the Trustee or the Holders of the 2035 Notes in accordance with the provisions of Section 6.2 of the Base Indenture. 

(o) Registered Form. The 2035 Notes shall be issuable as registered global Securities, and the U.S. Depository for the 2035 Notes shall
be the DTC or any successor U.S. Depository appointed by the Company within 90 days of the termination of services of DTC (or any successor to DTC). Sections 2.11 and 2.13 of the Base Indenture shall apply to the 2035 Notes. 

(p) Events of Default. The Events of Default provided for in Section 6.1 of the Base Indenture shall apply to the 2035 Notes,
provided that: 
 (i) the text of clause (c) of Section 6.1 of the Base Indenture is deleted and replaced with the word
“Reserved”; 
 (ii) the text of clause (g) of Section 6.1 of the Base Indenture shall be substituted with the
following: 
 “(g) the appointment by a competent government agency having primary regulatory authority over any Major Constituent Bank
under any applicable federal or state banking, insolvency or similar law now or hereafter in effect of a Custodian of any such Major Constituent Bank or (ii) the entry of a decree or order in any case or proceeding under any applicable federal
or state banking, insolvency or other similar law now or hereafter in effect appointing any receiver of any Major Constituent Bank;” 

  
 14 

 (iii) a new clause (h), reading in its entirety as follows, shall be inserted: 

“(h) any other Event of Default provided with respect to the Securities of that Series, which is specified in a Board Resolution, a
supplemental indenture hereto or an Officers’ Certificate, in accordance with Section 2.2(n).” 
 (q) Acceleration of
Maturity, Rescission and Annulment. Solely with respect to the 2035 Notes, the text of Section 6.2 of the Base Indenture shall be substituted with the following: 

“If an Event of Default specified in Sections 6.1(e), 6.1(f) or 6.1(g) occurs, the principal amount of all the 2035 Notes, together with
accrued and unpaid interest, if any, thereon, shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and payable. The Maturity Date of the 2035 Notes shall not otherwise be
accelerated as a result of an Event of Default. 
 At any time after the acceleration of the 2035 Notes and before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding 2035 Notes, by written notice to the Company and the Trustee, may rescind and annul
such acceleration and its consequences if (a) the Company has paid or deposited with the Trustee a sum sufficient to pay (i) all overdue interest on the 2035 Notes, (ii) the principal of (and premium, if any, on) the 2035 Notes which
have become due otherwise than by such acceleration and, to the extent permitted by applicable law, interest thereon at the rate or rates prescribed therefor in the 2035 Notes, (iii) to the extent that payment of such interest is lawful,
interest upon overdue interest at the rate or rates prescribed therefor in the 2035 Notes, and (iv) all sums paid or advanced by the Trustee hereunder and the compensation, reasonable expenses, disbursements and advances of the Trustee, its
agents and counsel; and (b) all Events of Default with respect to the 2035 Notes, other than the non-payment of the principal of the Notes which has become due solely by such declaration of acceleration,
have been cured or waived as provided in Section 6.13. 
 No such rescission shall affect any subsequent Default or impair any right
consequent thereon.” 
 (r) Collection of Indebtedness And Suits For Enforcement By Trustee. Solely with respect to the 2035
Notes, the first paragraph of Section 6.3 of the Base Indenture shall be substituted with the following: 
 “The Company covenants
that if: 
 (a) default is made in the payment of any interest on the 2035 Notes when such interest becomes due and payable and such default
continues for a period of 30 days, 
 (b) default is made in the payment of the principal of (or premium, if any, on) any 2035 Note at the
Maturity Date, or 
 (c) the failure of the Company, subject to the provisions of Section 6.13 of the Base Indenture, to perform any
covenants or agreements contained in the Indenture, which failure shall not have been remedied, or without provision deemed to be adequate for the remedying thereof having been made, for a period of 90 days after written notice shall have been given
to the Company by the Trustee or shall have been given to the Company and the Trustee by Holders of 25% or more in aggregate principal amount of the 2035 Notes then outstanding, specifying such failure, requiring the Company to remedy the same and
stating that such notice is a notice of default under the Indenture, 

  
 15 

 the Company will, upon demand of the Trustee, pay to the Trustee, for the benefit of the
Holders of the 2035 Notes, the whole amount then due and payable on the 2035 Notes for principal, and any premium and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and
premium and on any overdue interest, at the rate or rates prescribed in the 2035 Notes, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel.” 
 (s) Ranking. The 2035 Notes shall rank junior
to and shall be subordinated to all Senior Indebtedness of the Company, whether existing as of the date of this Third Supplemental Indenture, or hereafter issued or incurred, including all indebtedness relating to money owed to general creditors and
trade creditors. The 2035 Notes shall rank senior to the Company’s Floating Rate Junior Subordinated Debentures due 2033, 2035, 2036, 2037 and 2038, and rank equally with the 5.00%
Fixed-to-Floating Rate Subordinated Notes due 2026, 6.50% Fixed-to-Floating Rate
Subordinated Notes due 2026 and 5.50% Fixed-to-Floating Rate Subordinated Notes due 2031. Subject to the terms of the Base Indenture, if the Trustee or any holder of any
of the 2035 Notes receives any payment or distribution of the Company’s assets in contravention of the subordination provisions applicable to the 2035 Notes before all Senior Indebtedness is paid in full in cash, property or securities,
including by way of set-off or any such payment or distribution that may be payable or deliverable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the
2035 Notes, then such payment or distribution will be held in trust for the benefit of holders of Senior Indebtedness or their representatives to the extent necessary to make payment in full in cash or payment satisfactory to the holders of Senior
Indebtedness of all unpaid Senior Indebtedness. 
 (t) No Collateral. The 2035 Notes shall not be entitled to the benefit of any
security interest in, or collateralization by, any rights, property or interest of the Company. 
 (u) Additional Terms. Other terms
applicable to the 2035 Notes are as otherwise provided for in the Base Indenture, as supplemented by this Third Supplemental Indenture. 

ARTICLE IV 
 SATISFACTION AND
DISCHARGE; DEFEASANCE 
 Section 4.01. Legal Defeasance. Solely with respect to the 2035 Notes, the text of Section 8.3(c)
of the Base Indenture shall be substituted with the following: 
 “(c) the rights, powers, trust and immunities of the Trustee
hereunder; provided that, the following conditions shall have been satisfied: 
 i. the Company shall have deposited or caused to be
irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments, specifically pledged as security for and dedicated solely to the benefit of the Holders of
such Securities, cash in Dollars and/or U.S. Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be
imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a regionally 

  
 16 

 
recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, if
any, on and any mandatory sinking fund payments in respect of all the Securities of such Series on the dates such installments of interest or principal and such sinking fund payments are due; 

ii. such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or
instrument to which the Company is a party or by which it is bound; 
 iii. no Default or Event of Default with respect to the Securities of
such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 120th day after such date; 

iv. the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel to the effect that (A) the
Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (B) since the date of execution of this Indenture, there has been a change in the applicable Federal income tax law, in either case to the
effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit, defeasance and discharge and
will be subject to Federal income tax on the same amounts and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred; 

v. the Company shall have delivered to the Trustee an Officers’ Certificate to the effect that the Securities, if then listed on any
securities exchange, will be delisted as a result of such deposit; 
 vi. the Company shall have delivered to the Trustee an Officers’
Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders of the Securities of such Series over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding
any other creditors of the Company; 
 vii. the defeasance shall not cause the Trustee to have a conflicting interest within the meaning of
the Trust Indenture Act (assuming all of the Securities are in default within the meaning of the Trust Indenture Act); 
 viii. such
defeasance shall not result in the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act unless such trust shall be registered under the Investment Company Act or exempt from registration
thereunder; and 
 vi. the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with.” 

  
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 Section 4.02. Covenant Defeasance. Solely with respect to the 2035 Notes, the
text of Section 8.4 of the Base Indenture shall be substituted with the following: 
 “Unless this Section 8.4 is otherwise
specified pursuant to Section 2.2(p) to be inapplicable to Securities of any Series, on and after the 91st day after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with respect to the
Securities of any Series with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4, 4.6, and 5.1 as well as any additional covenants specified in a supplemental indenture for such Series of Securities or a Board Resolution or an
Officers’ Certificate delivered pursuant to Section 2.2(p) (and the failure to comply with any such covenants shall not constitute a Default or Event of Default with respect to such Series under Section 6.1) and the occurrence of any
event specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officers’ Certificate delivered pursuant to Section 2.2(n) and designated as an Event of Default shall not constitute a Default or Event
of Default hereunder, with respect to the Securities of such Series, provided that the following conditions shall have been satisfied: 
 (a)
With reference to this Section 8.4, the Company has deposited or caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments
specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, cash in Dollars and/or U.S. Government Obligations, which through the payment of interest and principal in respect thereof in accordance
with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a
regionally recognized firm of independent certified public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, if any, on and any mandatory sinking
fund payments in respect of the Securities of such Series on the dates such installments of interest or principal and such sinking fund payments are due; 

(b) Such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or
instrument to which the Company is a party or by which it is bound; 
 (c) No Default or Event of Default with respect to the Securities of
such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 120th day after such date; 

(d) The Company shall have delivered to the Trustee an Opinion of Counsel to the effect that Holders of the Securities of such Series will not
recognize income, gain or loss for federal income tax purposes as a result of such deposit and covenant defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if
such deposit and covenant defeasance had not occurred; 
 (e) The Company shall have delivered to the Trustee an Officers’ Certificate
to the effect that the Securities, if then listed on any securities exchange, will be delisted as a result of such deposit; 
 (f) The
defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act (assuming all of the Securities are in default within the meaning of the Trust Indenture Act); 

  
 18 

 (g) Such defeasance shall not result in the trust arising from such deposit constituting an
investment company within the meaning of the Investment Company Act unless such trust shall be registered under the Investment Company Act or exempt from registration thereunder; and 

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

Section 4.03. Repayment to Company. Solely with respect to the 2035 Notes, the text of Section 8.5 of the Base Indenture
shall be substituted with the following: 
 “Subject to applicable law, any money deposited with the Trustee or any Paying Agent, or
then held by the Company, in trust for the payment of the principal of and premium, if any, or interest on the 2035 Notes and remaining unclaimed for two years after such principal and premium, if any, or interest has become due and payable shall be
paid to the Company upon request by the Company or (if then held by the Company) shall be discharged from such trust, and the Holder of such 2035 Notes shall thereafter, as an unsecured general creditor, look only to the Company for payment of such
amounts without interest thereon, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Company may publish or
cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in The City of New York, notice that such money remains unclaimed and that, after a date specified
therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company.” 

ARTICLE V 
 AMENDMENT, MODIFICATION
AND WAIVER 
 Section 5.01. Modification of Supplemental Indentures Without Consent of Holders. Solely with respect to the 2035
Notes, the text of Section 9.1 of the Base Indenture shall be substituted with the following: 
 “Without the consent of any
Holders, the Company, when authorized by a resolution of the Board of Directors of the Company, and the Trustee, at any time and from time to time, may amend the Indenture by entering into an indenture or indentures supplemental hereto, for any of
the following purposes: 
 (a) to evidence the succession of another Person to the Company and the assumption by any such successor of the
covenants of the Company in the Indenture and in the 2035 Notes; 
 (b) to add to the covenants of the Company for the benefit of the Holders
of the 2035 Notes or to surrender any right or power herein conferred upon the Company; 
 (c) to add any additional Events of Default for
the benefit of the Holders of the 2035 Notes; 
 (d) to add to or change any of the provisions of the Indenture to such extent as shall be
necessary to permit or facilitate the issuance of 2035 Notes in certificated form; 

  
 19 

 (e) to add to, change or eliminate any of the provisions of the Indenture, provided
that any such addition, change or elimination (A) shall neither (i) apply to any 2035 Note created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the rights of the
Holder of any such 2035 Note with respect to such provision or (B) shall become effective only when there is no such 2035 Note outstanding; 

(f) to secure the 2035 Notes; 

(g) to establish the form or terms of 2035 Notes of any series as permitted by Sections 2.1 and 2.2 hereof; 

(h) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the 2035 Notes and to add to or
change any of the provisions of the Indenture as shall be necessary to provide for or facilitate the administration of the trusts under the Indenture by more than one Trustee, pursuant to the requirements of Section 7.8; or 

(i) to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein, or to make any other provisions with respect to matters or questions arising under the Indenture, provided that such action pursuant to this Clause (i) shall not adversely affect the interests of the Holders of the Notes as
determined, in good faith, by the Company. 
 Subject to the provisions of Section 9.7 of the Base Indenture, the Trustee is authorized
to join with the Company in the execution of any such supplemental indenture, to make the further agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property or
assets thereunder.” 
 Section 5.02. Limitations. Solely with respect to the 2035 Notes, the text of Section 9.3 of
the Base Indenture shall substituted with the following: 
 “No supplemental indenture shall, without the consent of the Holder of each
outstanding 2035 Note affected thereby, 
 (a) change the Maturity Date of the principal of, or any installment of principal of or interest
on, any 2035 Note, or change the timing of an interest payment on any 2035 Note, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of any
2035 Note which would be due and payable upon an acceleration of the Maturity Date thereof pursuant to Section 6.2 hereof, or change any Place of Payment where, or the coin or currency in which, any 2035 Note or any premium or interest thereon
is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Maturity Date thereof (or, in the case of redemption, on or after the Redemption Date) or modify the provisions of the Indenture with respect
to the subordination of the 2035 Notes in a manner adverse to Holders; 
 (b) reduce the percentage in principal amount of the outstanding
2035 Notes, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of the Indenture or certain defaults hereunder and their
consequences) provided for in the Indenture; or 

  
 20 

 (c) modify any of the provisions of this Section or Section 6.13 of the Base Indenture,
except to increase any such percentage or to provide that certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of each outstanding 2035 Note affected thereby; provided, however, that this clause
shall not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section and clause (b) of Section 6.13, or the deletion of this proviso, in
accordance with the requirements of Sections 7.8 and Section 9.1(h). 
 A supplemental indenture which changes or eliminates any
covenant or other provision of the Indenture which has expressly been included solely for the benefit of the 2035 Notes, or which modifies the rights of the Holders of the 2035 Notes with respect to such covenant or other provision, shall be deemed
not to affect the rights under the Indenture of the Holders of Securities of any other series. 
 It shall not be necessary for any Act of
Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

The Company may set a record date for purposes of determining the identity of the Holders of each series of Securities entitled to give a
written consent or waive compliance by the Company as authorized or permitted by this Section. Such record date shall not be more than 30 days prior to the first solicitation of such consent or waiver or the date of the most recent list of Holders
furnished to the Trustee prior to such solicitation pursuant to Section 312 of the Trust Indenture Act. 
 Promptly after the execution
by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the Company shall mail a notice, setting forth in general terms the substance of such supplemental indenture, to the Holders of 2035 Notes at
their addresses as the same shall then appear in the Register of the Company. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture.

 ARTICLE VI 
 SUPPLEMENTAL
INDENTURES 
 Section 6.01. Supplemental Indentures. The following paragraph shall be added to the end of Section 9.2 of
the Base Indenture and shall only apply to the 2035 Notes: 
 “Not in limitation of the foregoing, without the consent of any Holder of
2035 Notes, the Company and the Trustee may amend or supplement the Indenture or the 2035 Notes to conform the terms of the Indenture and the 2035 Notes to the description of the 2035 Notes in the prospectus supplement dated August 31, 2020
relating to the offering of the 2035 Notes, as certified by the Company to the Trustee in an Officers’ Certificate.” 
 ARTICLE VII

 MISCELLANEOUS 

Section 7.01. Trust Indenture Act. This Third Supplemental Indenture is subject to the provisions of the Trust Indenture Act that
are required to be part of the Indenture and shall, to the extent applicable, be governed by such provisions. If any provision of this Third Supplemental Indenture limits, qualifies, or conflicts with a provision of the Trust Indenture Act that is
required under such act to be a part of and govern this Third Supplemental Indenture, the latter provision shall control. 

  
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 SECTION 7.02. GOVERNING LAW. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THIS
THIRD SUPPLEMENTAL INDENTURE AND THE 2035 NOTES. 
 SECTION 7.03. JURISDICTION. THE PARTIES HEREBY (I) IRREVOCABLY SUBMIT
TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT SITTING IN THE BOROUGH OF MANHATTAN, THE CITY OF NEW YORK, (II) WAIVE ANY OBJECTION TO LAYING OF VENUE IN ANY SUCH ACTION OR PROCEEDING IN
SUCH COURTS, AND (III) WAIVE ANY OBJECTION THAT SUCH COURTS ARE AN INCONVENIENT FORUM OR DO NOT HAVE JURISDICTION OVER ANY PARTY 

SECTION 7.04. WAIVER OF TRIAL BY JURY. EACH OF THE PARTIES HERETO, AND EACH HOLDER OF A NOTE BY ITS ACCEPTANCE THEREOF, HEREBY
WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW THE RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE. 

Section 7.05. Duplicate Originals. The parties may sign any number of copies of this Third Supplemental Indenture. Each signed
copy shall be an original, but all of them together represent the same agreement. 
 Section 7.06. Severability; Entire
Agreement. In case any provision in this Third Supplemental Indenture or the 2035 Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby. The Base Indenture and this Third Supplemental Indenture and the exhibits thereto and hereto set forth the entire agreement and understanding of the parties related to this transaction and supersedes all prior agreements and
understandings, oral or written. 
 Section 7.07. Ratification. The Base Indenture, as supplemented and amended by this Third
Supplemental Indenture, is in all respects ratified and confirmed. The Base Indenture and this Third Supplemental Indenture shall be read, taken and construed as one and the same instrument. All provisions included in this Third Supplemental
Indenture supersede any conflicting provisions included in the Base Indenture unless not permitted by law. The Trustee accepts the trusts created by the Base Indenture, as supplemented by this Third Supplemental Indenture, and agrees to perform the
same upon the terms and conditions of the Base Indenture, as supplemented by this Third Supplemental Indenture. 
 Section 7.08.
Effectiveness. The provisions of this Third Supplemental Indenture shall become effective as of the date hereof. 

Section 7.09. Successors. All agreements of the Company in this Third Supplemental Indenture shall bind its successors. All
agreements of the Trustee in this Third Supplemental Indenture shall bind its successors. 
 Section 7.10. Rights of Trustee.
Solely with respect to the 2035 Notes, the text of Section 7.2(m) of the Base Indenture shall be substituted with the following: 

“The Trustee shall not be responsible or liable for any failure or delay in the performance of its obligations under this Indenture
arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, any act or provision of any present or 

  
 22 

 
future law or regulation or governmental authority; acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; interruptions; loss or
malfunction of utilities, computer (hardware or software) or communication services; accidents; labor disputes; and acts of civil or military authorities and governmental action; or the unavailability of the Federal Reserve Bank wire or telex or
other wire or communication facility.” 
 Section 7.11. Indenture and Notes Solely Corporate Obligations. No recourse for
the payment of the principal of or interest on any 2035 Note, or for any claim based thereon or otherwise in respect thereof, shall be had against any shareholder, employee, agent, officer or director, as such, past, present or future, of the
Company or of any successor Person; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Third Supplemental Indenture and the issue of the
2035 Notes. 
 Section 7.12. Trustee’s Disclaimer. The recitals contained herein shall be taken as the statements of the
Company and the Trustee assumes no responsibility for their correctness. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Third Supplemental Indenture, the 2035 Notes, or for or
in respect of the recitals contained herein, all of which recitals are made solely by the Company. 
 Section 7.13. USA PATRIOT
Act. The parties hereto acknowledge that in accordance with Section 326 of the USA PATRIOT Act the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, are required to obtain,
verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account. The parties to this agreement agree that they shall provide the Trustee with such information as they may request in
order to satisfy the requirements of the USA PATRIOT Act. 
 [Remainder of page intentionally left blank.] 

  
 23 

 IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be
duly executed as of the date first above written. 
  

			
	RENASANT CORPORATION

 
			
		
	By:	 	 /s/ James C. Mabry, IV

	Name:	 	James C. Mabry, IV
	Title:	 	Executive Vice President and Chief Financial Officer

 [Signature Page to Third Supplemental Indenture] 

  
 24 

 
			
	 Wilmington Trust, National Association,

as Trustee

 
			
		
	By:	 	 /s/ Michael H. Wass

	Name:	 	Michael H. Wass
	Title:	 	Vice President

 [Signature Page to Third Supplemental Indenture] 

  
 25 

 EXHIBIT A 

FORM OF NOTE 
 See
attached. 

  
 A-26 

 THIS SECURITY AND THE OBLIGATIONS OF THE COMPANY (AS DEFINED HEREIN) AS EVIDENCED HEREBY (1) ARE NOT
DEPOSITS WITH OR HELD BY THE COMPANY AND ARE NOT INSURED OR GUARANTEED BY ANY FEDERAL AGENCY OR INSTRUMENTALITY, INCLUDING, WITHOUT LIMITATION, THE FEDERAL DEPOSIT INSURANCE CORPORATION, AND (2) ARE SUBORDINATE IN THE RIGHT OF PAYMENT TO THE
SENIOR INDEBTEDNESS (AS DEFINED IN THE INDENTURE IDENTIFIED HEREIN). 
 GLOBAL NOTE 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF
THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES. 
 UNLESS AND
UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE (I) BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR (II) BY A NOMINEE OF THE
DEPOSITARY OR THE DEPOSITARY TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE & CO.,
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. 

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

 RENASANT CORPORATION 

4.50% Fixed-to-Floating Rate Subordinated Notes due 2035 

 

			
	No. 1	  	CUSIP: 75970E AD9
		  	ISIN: US75970EAD94

 $100,000,000 

Renasant Corporation, a Mississippi corporation (hereinafter called the “Company,” which term includes any successor
corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or its registered assigns, the principal sum of $100,000,000 (or such other amount as set forth in the Schedule of Increases
or Decreases in Global Note attached hereto) on September 15, 2035 (such date is hereinafter referred to as the “Stated Maturity Date”), unless redeemed prior to such date, and to pay interest thereon (i) from, and
including, September 3, 2020, to, but excluding, September 15, 2030, unless redeemed prior to such date, at a rate of 4.50% per annum, semi-annually in arrears on March 15 and September 15 of each year, commencing March 15,
2021 (each such date, a “Fixed Rate Interest Payment Date,” with the period from, and including, September 3, 2020 to, but excluding, the first Fixed Rate Interest Payment Date and each successive period from, and including, a
Fixed Rate Interest Payment Date to, but excluding, the next Fixed Rate Interest Payment Date being a “Fixed Rate Period”) and (ii) from, and including, September 15, 2030 to, but excluding, the Stated Maturity Date,
unless redeemed subsequent to September 15, 2030 but prior to the Stated Maturity Date, at a rate equal to Three-Month Term SOFR, reset quarterly, plus 402.5 basis points (4.025%), or such other rate as determined pursuant to the Third
Supplemental Indenture, payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year through the Stated Maturity Date or earlier redemption date (each, a “Floating Rate Interest Payment
Date,” and together with the Fixed Rate Interest Payment Dates, the “Interest Payment Dates,” with the period from, and including, September 15, 2030 to, but excluding, the first Floating Rate Interest Payment Date and
each successive period from, and including a Floating Rate Interest Payment Date to, but excluding, the next Floating Rate Interest Payment Date being a “Floating Rate Period”). The amount of interest payable on any Fixed Rate
Interest Payment Date during the Fixed Rate Period will be computed on the basis of a 360-day year consisting of twelve 30-day months up to, but excluding
September 15, 2030, and, the amount of interest payable on any Floating Rate Interest Payment Date during the Floating Rate Period will be computed on the basis of a 360-day year and the number of days
actually elapsed. In the event that any scheduled Interest Payment Date or the Maturity Date for the Notes falls on a day that is not a Business Day, then payment of interest payable on such Interest Payment Date or of principal and interest payable
on the Maturity Date will be paid on the next succeeding day which is a Business Day (any payment made on such date will be treated as being made on the date that the payment was first due and no interest on such payment will accrue for the period
from and after such scheduled Interest Payment Date); provided, that in the event that any scheduled Floating Rate Interest Payment Date falls on a day that is not a Business Day and the next succeeding Business Day falls in the next succeeding
calendar month, such Floating Rate Interest Payment Date will be accelerated to the immediately preceding Business Day, and, in each such case, the amounts payable on such Business Day will include interest accrued to but excluding such Business
Day. All percentages used in or resulting 

 
from any calculation of Three-Month Term SOFR (or, if different, the then-current Benchmark) shall be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with
0.000005% rounded up to 0.00001%. 
 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 in whose name this Note is registered at the close of business on the 15th day of the month (whether or not a Business Day) immediately
preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such relevant record date and may either be paid to the person in whose name this Note is
registered at the close of business on a special record date for the payment of such defaulted interest to be fixed by the Company, notice whereof shall be given to Holders of the Notes not less than 10 days prior to such special record date, or be
paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.

 Payment of the principal of (and premium, if any) and interest on this Note will be made at the office or agency of the Company
maintained for that purpose, which shall initially be the Corporate Trust Office of the Trustee, in such currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

[Remainder of this page intentionally left blank. Signature page follows.] 

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by its duly authorized officer. 
  

			
	RENASANT CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

Date of authentication: 
  

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 REVERSE OF NOTE 

RENASANT CORPORATION 

4.50% Fixed-to-Floating Rate Subordinated Notes due 2035 

This Note is one of a duly authorized issue of Securities of the Company of a series designated as the “4.50% Fixed-to-Floating Rate Subordinated Notes due 2035” (herein called the “Notes”) initially issued in an aggregate principal amount of $100,000,000 on
September 3, 2020. Such series of Notes has been established pursuant to, and is one of an indefinite number of series of subordinated debt securities of the Company issued or issuable under and pursuant to the Indenture, dated as of
August 22, 2016 (the “Base Indenture”), between the Company and Wilmington Trust, National Association, as Trustee (herein called the “Trustee,” which term includes any successor trustee), as supplemented and
amended by the First Supplemental Indenture between the Company and the Trustee, dated as of August 22, 2016 (the “First Supplemental Indenture,”), the Second Supplemental Indenture between the Company and the Trustee, dated as
of August 22, 2016 (the “Second Supplemental Indenture”), and the Third Supplemental Indenture between the Company and the Trustee, dated as of September 3, 2020 (the “Third Supplemental Indenture,” and
the Base Indenture as supplemented and amended by the First Supplemental Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture, the “Indenture”), to which Indenture and any other indentures supplemental
thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Persons in whose names Notes are registered from time to time and of the terms
upon which the Notes are, and are to be, authenticated and delivered. The terms, conditions and provisions of the Notes are those stated in the Indenture, those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended
(the “Trust Indenture Act”), and those set forth in this Note. To the extent that the terms, conditions and provisions of this Note modify, supplement or are inconsistent with those of the Indenture, then the terms, conditions and
other provisions of this Note shall govern to the extent that such terms, conditions and other provisions of this Note are not inconsistent with the terms, conditions and provisions made part of the Indenture by reference to the Trust Indenture Act.

 All capitalized terms used in this Note and not defined herein that are defined in the Indenture shall have the meanings assigned to them
in the Indenture. To the extent that any capitalized term used in this Note and defined herein is also defined in the Indenture but conflicts with the definition provided in the Indenture, the definition of the capitalized term in this Note shall
control. 
 The indebtedness of the Company evidenced by the Notes, including the principal thereof, premium, if any, Additional Amounts, if
any, and interest thereon, is, to the extent and in the manner set forth in the Indenture, subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness, whether outstanding at the date hereof or hereafter
incurred, and on the terms and subject to the terms and conditions set forth in the Indenture, and shall rank pari passu in right of payment with all other Securities and with all other unsecured subordinated indebtedness of the Company and
not by its terms subordinate and subject in right of payment to the prior payment in full of debentures, notes, bonds or other evidences of indebtedness of types that include the Notes. Each Holder of this Note, by the acceptance hereof,
(a) agrees to and shall 

 
be bound by such provisions of the Indenture, (b) authorizes and directs the Trustee on his behalf to take such actions as may be necessary or appropriate to effectuate the subordination so
provided, and (c) appoints the Trustee his or her attorney-in-fact for any and all such purposes. Each Holder hereof, by his or her acceptance hereof, waives all
notice of the acceptance of the subordination provisions contained herein and in the Indenture by each holder of Senior Indebtedness, whether now outstanding or hereafter created, incurred, assumed or guaranteed, and waives reliance by each such
holder upon said provisions. 
 The Indenture contains provisions for defeasance at any time of certain restrictive covenants and Events of
Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture. If certain Events of Default with respect to the Notes shall occur and be continuing, the principal of the Notes shall be immediately
accelerated in the manner and with the effect provided in the Indenture. 
 The Notes are intended to be treated as Tier 2 capital (or its
then-equivalent if the Company were subject to such capital requirement) for purposes of capital adequacy guidelines of the Board of Governors of the Federal Reserve System (or, as and if applicable, the capital adequacy rules or regulations of any
appropriate successor federal banking agency) (the “Federal Reserve Board”) as then in effect and applicable to the Company. If an Event of Default with respect to Notes shall occur and be continuing, the principal and interest owed
on the Notes shall only become due and payable in accordance with the terms and conditions set forth in Article VI of the Base Indenture and Section 3.02(n) and (p) of the Third Supplemental Indenture. Accordingly, the Holder of this
Note has no right to accelerate the maturity of this Note in the event that the Company fails to pay interest on any of the Notes, or fails to perform any other obligations under the Notes or in the Indenture that are applicable to the Notes.

 The Company may, at its option, redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the
Notes to be redeemed, plus accrued and unpaid interest (the “Redemption Price”) to but excluding, the date of redemption (the “Redemption Date”), on any Interest Payment Date on or after September 15, 2030. The
Company may also, at its option, redeem the Notes before the Stated Maturity Date, in whole, but not in part, at any time, upon the occurrence of a Tier 2 Capital Event, a Tax Event or if the Company is required to register as an investment company
pursuant to the Investment Company Act of 1940, as amended. Any such redemption will be at a redemption price equal to the Redemption Price to, but excluding, the Redemption Date fixed by the Company. No redemption of the Notes by the Company prior
to the Stated Maturity Date shall be made without the prior approval of the Federal Reserve Board if such prior approval is or will be required at the scheduled Redemption Date. The provisions of Article III of the Base Indenture and
Section 3.02(h) of the Third Supplemental Indenture shall apply to the redemption of any Notes by the Company. 
 In the event that any
payment on the Notes is subject to withholding of any U.S. federal income tax or other tax or assessment (as a result of a change in law or otherwise), the Company will not pay Additional Amounts with respect to such tax or assessment. 

The Notes are not entitled to the benefit of any sinking fund. The Notes are not convertible into or exchangeable for any other securities or
property of the Company or any Subsidiary of the Company. 

 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 Notes at any time by the Company and the Trustee with the consent of the Holders of at least a majority in principal amount of the Notes at the
time outstanding. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Notes at the time outstanding, on behalf of the Holders of all Notes, to waive compliance by the Company with certain
provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of
any Note 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 Note. 

As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute any proceeding
with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Notes,
the Holders of not less than 25% in principal amount of the Notes at the time outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default and offered the Trustee indemnity satisfactory to
it, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes at the time outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after
receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the
respective due dates expressed herein. No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any
premium and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the
Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Register described in Section 2.7 of the Base Indenture, upon surrender of this Note for registration of transfer at the office or
agency of the Company in any place where the principal of and interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar duly executed by the Holder
hereof or his attorney duly authorized in writing, and thereupon one or more new Notes, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Notes are issuable only in registered form without coupons in minimum denominations of $1,000 and any integral multiples of $1,000 in
excess thereof. No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

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

 This Note is a global note, represented by one or more permanent global certificates
registered in the name of the nominee of The Depository Trust Company (each a “Global Note” and collectively, the “Global Notes”). Accordingly, unless and until it is exchanged for individual certificates, this Note
may not be transferred except as a whole by The Depository Trust Company (the “Depositary”) to a nominee of such Depositary or by a nominee of such Depositary or by the Depositary or any nominee to a successor Depositary or any
nominee of such successor. Ownership of beneficial interests in this Note will be shown on, and the transfer of that ownership will be effected only through, records maintained by the applicable Depositary or its nominee (with respect to interest of
persons that have accounts with the Depositary (“Participants”)) and the records of Participants (with respect to interests of persons other than Participants). Beneficial interests in Notes owned by persons that hold through
Participants will be evidenced only by, and transfers of such beneficial interests with such Participants will be effected only through, records maintained by such Participants. Except as provided below, owners of beneficial interests in this Note
will not be entitled to have any individual certificates and will not be considered the owners or Holders thereof under the Indenture. 

Except in the limited circumstances set forth in the Base Indenture, Participants and owners of beneficial interests in the Global Notes
will not be entitled to receive Notes in the form of Individual Securities and will not be considered Holders of Notes. None of the Company, the Trustee, the Registrar, the Paying Agent or any of their respective agents will be liable for any delay
by the Depositary, its nominee or any direct or indirect Participant in identifying the beneficial owners of the related Notes. The Company, the Trustee, the Registrar, the Paying Agent and each of their respective agents may conclusively rely on,
and will be protected in relying on, instructions from the Depositary or its nominee for all purposes, including with respect to the registration and delivery, and the respective principal amounts, of the Notes to be issued. 

Except as provided in Section 2.14 of the Base Indenture, beneficial owners of Global Notes will not be entitled to receive physical
delivery of Notes in the form of Individual Securities, and no Global Note will be exchangeable except for another Global Note of like denomination and tenor to be registered in the name of the Depositary or its nominee. Accordingly, each person
owning a beneficial interest in a Global Note must rely on the procedures of the Depositary and, if such person is not a Participant, on the procedures of the Participant through which such person owns its interest, to exercise any rights of a
Holder under the Notes. 
 The laws of some jurisdictions may require that certain purchasers of securities take physical delivery of
those securities in definitive form. Accordingly, the ability to transfer interests in the Notes represented by a Global Note to those persons may be limited. In addition, because the Depositary can act only on behalf of its Participants, who in
turn act on behalf of persons who hold interests through Participants, the ability of a person having an interest in Notes represented by a Global Note to pledge or transfer such interest to persons or entities that do not participate in the
Depositary’s system, or otherwise to take actions in respect of such interest, may be affected by the lack of a physical definitive security in respect of such interest. None of the Company, the Trustee, the Paying Agent and the Registrar will
have any responsibility or liability for any aspect of the records relating to or payments made on account of Notes by the Depositary, or for maintaining, supervising or reviewing any records of the Depositary relating to the Notes. 

 The Trustee will act as the Company’s Paying Agent with respect to the Notes through
its Corporate Trust Office presently located at 1100 North Market Street, Wilmington, Delaware 19890. The Company may at any time rescind the designation of a Paying Agent, appoint a successor Paying Agent, or approve a change in the office through
which any Paying Agent acts. 
 Notices to the Holders of registered Notes in the form of Individual Securities will be given to such
Holders at their respective addresses in the Register, or in the case of Global Notes, electronic delivery in accordance with DTC’s applicable procedures. The Indenture contains provisions setting forth certain conditions to the institution of
proceedings by the Holders of Notes with respect to the Indenture or for any remedy under the Indenture. 
 THIS NOTE SHALL BE DEEMED TO BE
A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK. 

 ASSIGNMENT FORM 

To assign the within Note, fill in the form below: I or we assign and transfer the within Note to: 

 

	
	  

	(Insert assignee’s legal name)
	
	  

	(Insert assignee’s social security or tax I.D. number)
	
	  

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

 and irrevocably appoint the Trustee as agent to transfer this Note on the books of Renasant Corporation. The agent may
substitute another to act for it. 
 Your Signature: 

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

Your Name: 
 Date: 

Signature Guarantee: 
 SIGNATURE GUARANTEE 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include
membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended. 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

The initial principal amount of this Global Note is $100,000,000. The following increases or decreases in the principal amount of this Global
Note have been made: 
  

																	
	 Date
	  	Amount of
decrease in
principal amount
of this
Global Note	 	  	Amount of
increase in
principal amount
of this
Global Note	 	  	Principal
amount
of this
Global Note
following such
decrease
or increase	 	  	Signature of
authorized
signatory of
Trustee

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