Document:

STRATEGIC
ALLIANCE AGREEMENT

 

This
Strategic Alliance Agreement (this “Agreement”) is made and entered into as of May 17, 2016, (the “Effective
Date”) by and between Giggles N’ Hugs, Inc., a Nevada corporation (the “Company”),
and Kiddo, Inc., a Florida corporation, Inc., (“Consultant”).

 

WHEREAS,
Consultant is retained by the Company as an Independent Contractor to introduce investors, celebrity spokespersons, press and
media relationships, raise public awareness of the company and its public securities, and for other services related to Consultant’s
expertise; and

 

WHEREAS,
the Company and Consultant have agreed upon, and wish to memorialize their agreement concerning the status and responsibilities
of the parties.

 

NOW,
THEREFORE, the parties agree as follows:

 

		1.	Services

 

		(a)	General.
                                         Consultant shall use all best efforts to provide services including the following:

 

	●	Capital
	 	 	 
	 	○	Introduction
    to key investors.
	 	 	 
	 	○	Introduction
    to strategic partners
	 	 	 
	 	○	Introduction
    to celebrity endorsement and involvement, including but not limited to celebrity investors.
	 	 	 
	●	Branding
	 	 	 
	 	○	Concept
    generation for overall brand strategy and market launch.
	 	 	 
	 	○	Facilitate
    and help structure strategic relationships partnerships with key influencers and celebrities and their children in various
    major markets, including NY and Los Angeles.
	 	 	 
	●	Marketing
	 	 	 
	 	○	Public
    relations and marketing services, including grass-roots campaign, social media, local and national TV interviews and shows,
    local and national newspaper and magazine exposure and interviews, investor relations and shareholder awareness.
	 	 	 
	 	○	Expansion
    of brand awareness through creating and managing social media alliances with mommy bloggers and studios to start using location/possible
    tie-ins to national and local events, including Super Saturday LA, Super Saturday Hamptons, etc.
	 	 	 
	 	○	Solicit
    Advertising and partnership opportunities with consultants current and future corporate clients
	 	 	 
	 	○	Introduction
    of company to NY market with pop-up or take over existing play space and brand Company to the NY market. 
	 	 	 
	 	○	Reach
    out to mall partners in partnership with the Company. Utilizing the Company’s existing mall relationships and current
    offers.
	 	 	 
	●	Licensing
    and Merchandising
	 	 	 
	 	○	Review
    all of Company’s intellectual property for use in future plans, not including legal work
	 	 	 
	 	○	Facilitate
    and help structure strategic partnerships
	 	 	 
	 	○	with
    distribution partners, publishing partners, advertising partners, retail partners, licensing partners, etc.
	 	 	 
	 	○	Facilitate
    and help structure strategic relationship with merchandising and manufacturing partners, such as Hasbro or Mattel, etc. 
	 	 	 
	 	○	Facilitate
    and help structure strategic relationship with merchandise partners for children’s clothing line, frozen food line,
    toys and games, etc.
	 	 	 
	 	○	Create
    and begin 2017 roll out plan including product placement and further expansion of retail locations. 

 

    	 	1	 

     

    

 

 

	●	Entertainment
    
	 	 	 
	 	○	Consultant
    will facilitate and structure strategic relationships with publishing companies for Children’s books, live news shows,
    TV show, entertainment shows, movies, and branding, etc.
	 	 	 
	 	○	Launch
    overall concept implementation from Characters development for in-house programming, live shows, TV show, books, product including
    apparel and toys, gadgets. 
	 	 	 
	●	Food
    and Beverage
	 	 	 
	 	○	Consultant
    will facilitate and structure strategic relationships with frozen and fresh food manufacturing and delivering companies, such
    as the idea of the “brought to home” meals with companies such as Blue Apron for kids meals.
	 	 	 
	 	○	Use
    best efforts to create brand partnerships and other strategic relationships described above. “Best efforts” means
    that degree of effort which would be reasonable for a person under similar circumstances.

 

	 	b)	Projected
    timeline. Consultant will make all best efforts to conduct the following services in the time stated:

 

	 	Day
    1:	Concept
    generation for overall brand strategy ideation. Create plan for concept launch. Review all Giggles IP for use in future plans.
	 	 	 
	 	 	Begin
    grass-roots campaign and social media buzz regarding the brand, and its existence as a public company to increase SH awareness.
    “Getting the story out”
	 	 	 
	 	May:	Launch
    overall concept implementation from Characters development for in-house programming, live shows, TV show, books, product including
    apparel and toys, gadgets. “getting ready”
	 	 	 
	 	June:	Introduction
    of POSSIBLE key financial partners and brand like partners to align with brand. Aside from raising awareness for the brand,
    which should already show appreciable increase in stock price, we will procure individual investors who desire to be part
    of Giggle and Hugs in partnership alignments.
	 	 	 
	 	July:	Reach
    out to mall partners in partnership with Giggles & Hugs. At this time, the brand has generated more a buzz and we should
    be able to make the best deals possible for expansion. The stock price should have shown an increase and there should be
    more funds available for growth. This expansion effort will pave the way for the next level of investor. Planning on growth
    to new locations within 6-9 months from this point.
	 	 	 
	 	 	Start
    creating alliances with mommy bloggers and studios to start using location/possible tie in to Super Saturday LA, among other
    local events that will help broaden the brand awareness. 
	 	 	 
	 	 	Possible
    tie in to Super Saturday Hamptons, and other events that make sense for the brand. Same as above for purposes of bringing
    the brand to influencers and others in the industry.
	 	 	 
	 	October:	Introduce
    Giggles & Hugs to NY market with pop-up or take over existing play space and brand Giggles & Hugs to the NY market.
    Bring in NY influencers and celebs with their kids. Expand the buzz for the brand.

 

    	 	2	 

     

    

 

 

	 	November:	Merchandise
    partner such as Hasbro or Mattel

 

Products
in process while trying to partner for a retailer/distributor on both levels

 

Children’s
books - after we have built out Giggles and Hugs characters and figure out what that looks like from live show, TV show, book,
branding etc.

 

Possible
TV show opportunity (not priority)

 

To
accomplish this phase, we will utilize our licensing partner, Brand Centric, and will introduce you to our partners on licensing
to work together on all licensing fronts.

 

Frozen
foods. We will need to revisit your deal that was on the table at that time. It will be appropriate to enter into that deal as
part of the general over-all scheme to grow the brand.

 

Also,
the idea of the “brought to home” meals such as Blue Apron for kids meals. We believe that this area has potential.
We should visor that deal now, and prepare for the roll out of the product in accordance with this area of the proposed timeline.

 

Merchandise
partner for children’s clothing line

 

	 	December:	Create
    and begin 2017 roll out plan including product placement and further expansion of G&H locations.
	 	 	 
	 	January:	Implementation
    of roll out plan.

 

	 	2.	Consideration.
    In consideration for all duties and obligations contained herein, on or before the Effective date above, Company shall issue
    to Consultant a warrant to purchase 4,400,000 shares of the Company’s common stock, which is equal to 10% of the issued
    and outstanding shares of common stock of the Company at the time of the grant.

 

	 	(a)	 The
    exercise price for the warrants shall be $0.075 per share, and shall not increase for any reason.
	 	 	 
	 	(b)	Upon
    achievement of certain milestones, the Warrants shall immediately vest upon any of the following events which may occur at
    any time (“Milestones”):

 

	 	1)	10%
    upon the execution of this Agreement; and attached PR contract.
	 	 	 
	 	2)	20%
    upon the Company’s receipt of a net equity investment of $1 million into the Company from any source (“Included
    Investors”), except those with a prior relationship with Company or its agents; 
	 	 	 
	 	3)	20%
    upon the Company’s receipt of an additional net equity investment of $1 million (an aggregate of $2 million) from Included
    Investors;
	 	 	 
	 	4)	20%
    upon the closing price for the Company’s common stock closes above $80 (eighty cents) per share for 10 out of any 20
    consecutive trading days;
	 	 	 
	 	5)	15%
    upon the announcement and consummation of a strategic relationship with at least two “A-List Celebrity” upon terms
    and conditions mutually agreed upon with the Company and Consultant. 
	 	 	 
	 	6)	15%
    upon the launch and initial distribution of a Giggles N’ Hugs branded product line, which may be clothing, furniture,
    frozen food, toys or similar merchandising (a “Product Line).

 

    	 	3	 

     

    

 

	 	(c)	It
    is agreed that one event shall not trigger more than one of the above vesting provisions (e.g. a strategic relationship Honest
    Company and Jessica Alba shall not vest 30% of the Warrants under items 5 and 6, above). Further, no vesting of Milestones
    2-4, will be triggered as a result of an acquisition of the Company, or a public or registered offering of its securities,
    unless such result is from the direct performance of Consultant.
	 	 	 
	 	(d)	 Company
    will only sell, transfer or issue stock at prices that are in the best interest of the company and its shareholders. 

 

	 	3.	Termination.
    Either party may terminate this agreement after 3 years following the effective date.

 

	 	(a)	 In
    addition, this Agreement will terminate upon the following:

 

	 	(1)	 Completion
    of work or period of work provided in this agreement.
	 	 	 
	 	(2)	Termination
    by Company or Consultant for any material breach, which is not cured within 30 days after written notice of any such material
    breach from the non-breaching party, pursuant to the terms of the Agreement.
	 	 	 
	 	(3)	By
    the Company, at its option, if at least two Milestones (excluding Milestones 1) are not achieved within 12 months from the
    Effective Date.

 

	 	4.	Relationship
    of Parties. Consultant is an independent contractor and is not an agent or employee of, and has no authority
    to bind, the Company by contract or otherwise. Consultant will report as self-employment income all compensation received
    by Consultant pursuant to this Agreement. Consultant will indemnify the Company and hold it harmless from and against all
    claims, damages, losses, costs and expenses, including reasonable fees and expenses of attorneys and other professionals,
    relating to any obligation imposed by law on the Company to pay any withholding taxes, social security, unemployment or disability
    insurance, or similar items in connection with compensation received by Consultant pursuant to this Agreement. Consultant
    will not be entitled to receive any vacation or illness payments or to participate in any plans, arrangements, or distributions
    by the Company pertaining to any bonus, profit sharing, insurance or similar benefits for the Company’s employees.
	 	 	 
	 	5.	Confidential
    Information. Consultant acknowledges that, in connection with providing the Services, Consultant will acquire confidential
    and proprietary information of the Company, including without limitation information relating to the Company’s business,
    products, technology and customers, and that all such information is and will be confidential and proprietary information
    of Company (collectively “Confidential Information”). Confidential Information will not include,
    however, any information that is or becomes part of the public domain through no fault of Consultant or that Company regularly
    gives to third parties without restriction on use or disclosure. Consultant will not disclose or permit disclosure of any
    Confidential Information of the Company to third parties other than as required to perform the Services. Consultant agrees
    to take all reasonable measures to protect the secrecy of and avoid disclosure or use of Confidential Information of the Company
    in order to prevent it from falling into the public domain or the possession of persons other than those persons authorized
    under this Agreement to have any such information. Consultant further agrees to notify the Company in writing of any actual
    or suspected misuse, misappropriation or unauthorized disclosure of the Company’s Confidential Information, which may
    come to Consultant’s attention.

 

    	 	4	 

     

    

 

	 	6.	Non-Solicitation.
    Consultant will not, during the Term, and for a period of one (1) year thereafter, directly or indirectly: (i) solicit, recruit
    or promote the solicitation or recruitment of any employee or consultant of the Company for the purpose of encouraging that
    employee or consultant to leave the Company’s employ or sever an agreement for services; or (ii) solicit, participate
    in or promote the solicitation of any of the Company’s clients, customers, or prospective customers with whom Consultant
    had a Material Contact (hereinafter defined) and/or regarding whom Consultant received Confidential Information, for the purpose
    of providing products or services (“Competitive Products/Services”). “Material Contact” means interaction
    between Consultant and the customer, client or prospective customer within one year prior to Consultant’s separation
    of services from the Company that takes place to manage, service or further the business relationship. This limitation is
    not intended to limit the Company’s right to prevent misappropriation of its Confidential Information beyond the non-solicitation
    period. Consultant and Company agree that if any court of competent jurisdiction shall for any reason conclude that any portion
    of this non-solicitation covenant shall be too restrictive, the court shall determine and apply lesser restrictions, it being
    the intent of the parties that some such restrictions shall be applicable for the protection of Company and its shareholders.
	 	 	 
	 	7.	Property
    of Company. 

 

(i)Definition
of Innovations. Consultant agrees to disclose in writing to the Company all inventions, products, designs, drawings, notes,
documents, information, documentation, improvements, works of authorship, processes, techniques, know-how, algorithms, technical
and business plans, specifications, hardware, circuits, computer languages, computer programs, databases, user interfaces, encoding
techniques, and other materials or innovations of any kind that Consultant may make, conceive, develop or reduce to practice,
alone or jointly with others, in connection with performing Services or that result from or that are related to such Services,
whether or not they are eligible for patent, copyright, mask work, trade secret, trademark or other legal protection (collectively,
“Innovations”).

 

(ii)Ownership
of Innovations. Consultant and the Company agree that, to the fullest extent legally possible, all Innovations will be works
made for hire owned exclusively by the Company. Consultant agrees that, regardless of whether the Innovations are legally works
made for hire, all Innovations will be the sole and exclusive property of the Company. Consultant hereby irrevocably transfers
and assigns to the Company, and agrees to irrevocably transfer and assign to the Company, all right, title and interest in and
to the Innovations, including all worldwide patent rights (including patent applications and disclosures), copyright rights, mask
work rights, trade secret rights, know-how, and any and all other intellectual property or proprietary rights (collectively, “Intellectual
Property Rights”) therein. At the Company’s request and expense, during and after the term of this Agreement,
Consultant will assist and cooperate with the Company in all respects and will execute documents, and, subject to the reasonable
availability of Consultant, give testimony and take such further acts reasonably requested by the Company to enable the Company
to acquire, transfer, maintain, perfect and enforce its Intellectual Property Rights and other legal protections for the Innovations.
Consultant hereby appoints the officers of the Company, as Consultant’s attorney-in-fact to execute documents on behalf
of Consultant for this limited purpose. Consultant’s obligation to assist the Company shall continue beyond the termination
of Consultant’s relationship with the Company, but the Company shall compensate Consultant at a reasonable rate after the
termination of such relationship for time actually spent at the Company’s request providing such assistance.

 

    	 	5	 

     

    

 

	 	8.	Moral
    Rights. Consultant also hereby irrevocably transfers and assigns to the Company, and agrees to irrevocably transfer
    and assign to the Company, and waives and agrees never to assert, any and all Moral Rights (as defined below) that Consultant
    may have in or with respect to any Innovation, during and after the term of this Agreement. “Moral Rights”
    mean any rights to claim authorship of any Innovation, to object to or prevent the modification or destruction of any Innovation,
    to withdraw from circulation or control the publication or distribution of any Innovation, and any similar right, existing
    under judicial or statutory law of any country in the world, or under any treaty, regardless of whether or not such right
    is called or generally referred to as a “moral right”.
	 	 	 
	 	9.	No
    Rights Granted. Nothing in this Agreement will be construed as granting any rights under any patent, copyright or
    other intellectual property right of the Company, nor will this Agreement grant Consultant any rights in or to the Company’s
    Confidential Information, except the limited right to use the Confidential Information as required in connection with performing
    the Services.
	 	 	 
	 	10.	No
    Conflict. Consultant represents to the Company that Consultant can provide the Services to the Company without conflict
    with his obligations to any other party and covenants to the Company that, in performing the Services, he will not violate
    any obligations to any third party, including obligations concerning providing services to others and confidentiality of proprietary
    information.
	 	 	 
	 	11.	General.

 

(a)Governing
Law. This Agreement will be governed by and construed in accordance with the laws of the State of California excluding that
body of law pertaining to conflict of laws, except with respect to issues governed by the copyright laws of the United States.
Any legal action or proceeding arising under this Agreement will be brought exclusively in the federal or state courts located
in Los Angeles County, California, and the parties hereby irrevocably consent to the personal jurisdiction and venue therein.

 

(b)Disagreements;
Attorneys’ Fees. The parties agree to attempt to resolve any disputes, controversies or claims (“Dispute”)
arising out of or relating to this Agreement in a meeting between a representative of each party who has decision-making authority
with respect to a Dispute. Should the meeting either not take place or not result in a resolution of the Dispute within thirty
(30) days following notice of the Dispute to the other party, then either party may bring suit or action in accordance with this
Agreement. Each party hereto agrees that in the event that the other party is required to engage an attorney to enforce any of
the terms or obligations contained in this Agreement, the non-prevailing party shall pay all reasonable costs and expenses of
that attorney or firm, whether or not a complaint or suit is filed with any court of competent jurisdiction.

 

    	 	6	 

     

    

 

(c)Assignment.
The services provided for in this Agreement, are of a personal nature and Consultant may not assign or transfer any of Consultant’s
rights or delegate any of Consultant’s obligations under this Agreement, in whole or in part, without the Company’s
express prior written consent. Any attempted assignment, transfer or delegation, without such consent, will be void. Subject to
the foregoing, this Agreement will be binding upon and will inure to the benefit of the parties permitted successors and assigns.

 

(d)Complete
Understanding; Modification. This Agreement constitutes the complete and exclusive understanding and agreement of the parties
and supersedes all prior understandings and agreements, whether written or oral, with respect to the subject matter hereof. Any
waiver, modification or amendment of any provision of this Agreement will be effective only if in writing and signed by the parties
hereto.

 

(e)Severability.
If one or more provisions of this Agreement are held to be illegal or unenforceable, such illegal or unenforceable portion shall
be limited or excluded from this Agreement to the minimum extent required under such jurisdiction so that this Agreement shall
otherwise remain in full force and effect and enforceable.

 

(f)Notices.
All notices must be in writing and delivered to the other party’s principal business address, by personal delivery, overnight
courier service, email or by facsimile. Notices will be deemed given as of the date of receipt, which date shall be evidenced
by the signature of an authorized representative of the receiving party or by written evidence of a successful transmission of
an email or facsimile.

 

(g)No
Agency. Nothing in this Agreement shall be deemed or construed by the parties or any other entity to create an agency, partnership
or joint venture between the parties.

 

(h)Counterparts.
This Agreement may be executed in counterparts, each of which will be deemed an original, and all of which together shall constitute
one and the same instrument.

 

(i)Survival.
Sections 5, 6 and 11 shall survive termination of this Agreement.

 

(j)Remedies
and Enforcement. The parties acknowledge and agree that their remedy (ies) at law for a breach or threatened breach of any
of the provisions of this Agreement would be inadequate, and the breach shall be per se deemed as causing irreparable harm
to the non-breaching party. In recognition of this fact in the event of a breach or threatened breach of any of the provisions
of this Agreement, the Parties agree that, in addition to any remedy at law available, including, but not limited to monetary
damages, the Parties, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance,
temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available to the
non-breaching Party.

 

(k)Construction.
This Agreement shall be construed within the fair meaning of each of its terms and not against the party drafting the document.

 

REMAINDER
OF PAGE LEFT INTENTIONALLY BLANK

 

    	 	7	 

     

    

 

IN
WITNESS WHEREOF, the parties have entered into this Agreement as of the Effective Date.

 

	GIGGLES
    N’ HUGS, INC.	 	KIDDO,
    INC.
	 	 	 	 	 
	By:	/s/
    Joey Parsi	 	By:	/s/
    Michelle Steinberg
	Name:	Joey
    Parsi	 	Name:	Michelle
    Steinberg
	Its:	Chief
    Executive Officer	 	Its:	Vice-President

 

    	 	8EX-4.1

 Exhibit 4.1 

FORM OF GLOBAL NOTE 
 THIS SECURITY IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO IN THIS SECURITY AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR ITS NOMINEE. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME
OF, ANY PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE OR A SUCCESSOR OF SUCH DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY
AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), 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 IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 

 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 SUBORDINATED DEBT INDENTURE IDENTIFIED HEREIN). 
 INDEPENDENT BANK GROUP, INC. 

5.875% SUBORDINATED NOTES DUE AUGUST 1, 2024 
  

			
	No. 2	  	 CUSIP: 45384B AA4   

ISIN: US45384BAA44

 $45,000,000.00 

Independent Bank Group, Inc., a Texas 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 registered assigns, the principal sum of FORTY-FIVE MILLION DOLLARS ($45,000,000.00) (or such other amount as set forth
in the Schedule of Increases or Decreases in Note attached hereto) on August 1, 2024 (such date is hereinafter referred to as the “Maturity Date”), and to pay interest thereon from February 1, 2016 or from the most recent
Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on each February 1 and August 1 of each year (each, an “Interest Payment Date”) or if any such day is not a Business Day,
on the next succeeding Business Day, commencing August 1, 2016, at the rate of 5.875% per annum, with such interest calculated on the basis of a 360-day year consisting of twelve 30-day months, until the principal hereof has been paid in
full or a sum sufficient to pay the principal hereof has been made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in
whose name this Note, or any predecessor Note, is registered at the close of business on the Record Date for such Interest Payment Date; provided that the interest due on the Maturity Date (whether or not an Interest Payment Date) of a Note
of the Series of Securities of which this Note is a part will be paid to the Person to whom principal of such Note is payable. 
 Payment of
the principal of and interest on this Note will be made at the office or agency of the Company maintained for that purpose in Dallas, Texas, which shall initially be the principal office of the Trustee located therein, in such coin or currency of
the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that payment of interest may be made at the option of the Company by check mailed to the Person entitled
thereto at such address as shall appear in the Security Register or by wire transfer to an account appropriately designated by the Person entitled to payment; provided, that the Paying Agent shall have received written notice of such account
designation at least five Business Days prior to the date of such payment (subject to surrender of the relevant Note in the case of a payment of interest on the Maturity Date). 

 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 or facsimile signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

[Signature Page Follows] 

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

Dated: June     , 2016 
  

			
	INDEPENDENT BANK GROUP, INC.
		
	By:	 	  

	Name:	 	David R. Brooks
	Title:	 	Chairman and Chief Executive Officer

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

 

			
	Dated: June     , 2016
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Exhibit 4.1 

REVERSE OF NOTE 
 INDEPENDENT BANK
GROUP, INC. 
 5.875% SUBORDINATED NOTES DUE AUGUST 1, 2024 

This Note is one of a duly authorized issue of Securities of the Company of a Series designated as the “5.875% Subordinated Notes due
August 1, 2024” (herein called the “Additional Notes”). The Additional Notes are an additional issuance of and form a single series with the Company’s 5.875% Subordinated Notes due August 1, 2024 initially issued in an
aggregate principal amount of $65,000,000 on July 22, 2014 (herein called the “Existing Notes” and, together with the Additional Notes, the “Notes”). Such Series of Securities 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 Subordinated Debt Indenture (the “Base Indenture”), dated as of June 25, 2014, between the Company and Wells
Fargo Bank, 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
July 17, 2014, thereto (the “First Supplemental Indenture” and the Base Indenture as supplemented and amended by the First 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 on the Security Register 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, 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 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 of 1939, as amended. 

All capitalized terms used in this Note and not defined herein that are defined in the Base Indenture or the First Supplemental Indenture
shall have the meanings assigned to them in the Base Indenture or the First Supplemental Indenture. If any capitalized term used in this Note and defined herein is also defined in the Base Indenture or the First Supplemental Indenture, in the event
of any conflict in the meanings ascribed to such capitalized term, the definition of the capitalized term in this Note shall control. 
 The
indebtedness of the Company evidenced by the Notes, including the principal thereof and interest thereon, is, to the extent and in the manner set forth in the First Supplemental Indenture, subordinate and junior in right of payment to obligations of
the Company constituting the Senior Indebtedness (as defined in the Indenture) on the terms and subject to the terms and conditions as provided and set forth in Section 2.06 of the First Supplemental Indenture and shall rank pari passu
in right of payment with all other Notes and with all other unsecured subordinated indebtedness of the Company issued under the Indenture and not by its terms subordinate and junior in right of payment to the promissory notes, bonds, debentures or
other 

 
evidences of indebtedness of types that include the Notes. Each Holder of this Security, by the acceptance hereof, agrees to and shall be bound by such provisions of the Indenture and authorizes
and directs the Trustee on his behalf to take such actions as may be necessary or appropriate to effectuate the subordination so provided. 

The Existing Notes are treated, and the Additional 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 any successor regulatory authority with jurisdiction over bank holding companies) (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 Five of the Base Indenture and Section 2.07 of the First Supplemental Indenture. Accordingly, the holder of this Note has no right to accelerate the maturity of this Note in the event the Company
fails to pay interest on any of the Notes, fails to perform any other obligations under the Notes or in the Indenture that are applicable to the Notes. 

The Notes of this Series shall not be redeemable prior to the Maturity Date. Notwithstanding the foregoing sentence, the Company may redeem
the Notes before the Maturity Date 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 (15 U.S.C. 80a-1 et seq.). No such
redemption of the Notes by the Company prior to the 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 in order for the Notes to qualify
as Tier 2 capital of the Company under the rules and guidelines of the Board of Governors of the Federal Reserve System. 
 The Notes of
this Series are not entitled to the benefit of any sinking fund. The Notes are not convertible into or exchangeable for any of the equity securities, other securities or assets of the Company or any Subsidiary. 

The Base Indenture provisions relating to defeasance and covenant defeasance in Sections 1202 and 1203 of the Base Indenture shall not be
applicable to the Notes. 
 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 a majority in principal amount of the Notes of each Series (each Series voting as a
class) affected thereby and at the time Outstanding. The Indenture also contains provisions permitting the holders of specified percentages in principal amount of the Notes of a Series at the time Outstanding, on behalf of the holders of all Notes
of such Series, to waive 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. 

  
 2 

 As provided in the Indenture and subject to certain limitations therein set forth, the transfer
of this Note is registrable in the Security Register, 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 Security Registrar duly executed by the holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this Series, of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The
Notes of this Series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple of $1,000 in excess of $1,000. 

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. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and interest (if any) on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

This Security 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 in whole or in part for individual certificates evidencing the Notes represented hereby, this
Security 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 Security 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
Security 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 Section 305 of the Base Indenture, Participants and owners of beneficial interests in
the Global Notes will not be entitled to receive Securities in definitive form and will not be considered Holders of Notes. Neither the Company nor the principal Paying Agent 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 and the principal payment agent 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. 

  
 3 

 Except as provided in Section 305 of the Base Indenture, beneficial owners of Global Notes
will not be entitled to receive physical delivery of Notes in definitive form 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 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 Security 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. 
 Wells Fargo Bank, National Association will act as the Company’s principal Paying Agent with respect to the Notes through
its offices presently located at 750 N. Saint Paul Place, Suite 1750, Dallas, Texas 75201. 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 will be mailed to such Holders at their respective addresses in the
Security Register will be deemed to have been given on the fourth weekday (being a day other than Saturday or Sunday) after the date of mailing. 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 TEXAS, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE. 

  
 4 

 ASSIGNMENT FORM 

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

	
	                                   
                                         

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

  

                       
                                         
         
  

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

and irrevocably appoint as agent to transfer this Security on the books of Independent Bank Group, Inc. 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: *
                                         
                     

  

	*	NOTICE: The Signature must be guaranteed by an Institution which is a member of one of the following recognized signature Guarantee Programs: (i) The Securities Transfer Agent Medallion Program (STAMP);
(ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) such other guarantee program acceptable to the Trustee. 

 SIGNATURE GUARANTEE 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security 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 Security 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 NOTE 

The initial principal amount of this Note is $45,000,000. The following increases or decreases in the principal amount of this Note have been made: 

 

									
	 Date
	  	 Amount of

decrease in
 principal

amount of this

Note
	  	 Amount of

decrease in
 principal

amount of this

Note
	  	 Principal

amount of this
 Note following

such decrease

or increase
	  	 Signature of

authorized
 signatory of

Trustee

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