Document:

Exhibit 4.1

 

VERITEX HOLDINGS, INC.,

AS ISSUER

AND

UMB BANK, N.A.,

AS TRUSTEE

 

SUBORDINATED INDENTURE

DATED AS OF OCTOBER 5, 2020

 

SUBORDINATED DEBT SECURITIES

 

     

     

    

 

CROSS-REFERENCE TABLE

 

Reconciliation and tie between the Trust Indenture Act of 1939,
as amended (the “Trust Indenture Act”), and the Indenture dated as of October 5, 2020.

 

	SECTION OF ACT	 	SECTION OF INDENTURE
	310(a)(1) and (2)	 	7.09
	310(a)(3) and (4)	 	Not applicable
	310(a)(5)	 	7.09
	310(b)	 	7.08 and 7.10
	311(a) and (b)	 	7.13
	312(a)	 	5.01 and 5.02(a)
	312(b) and (c)	 	5.02(b) and (c)
	313(a)	 	5.04(a)
	313(b)(1)	 	Not applicable
	313(b)(2)	 	5.04(b)
	313(c)	 	5.04(c)
	313(d)	 	5.04(d)
	314(a)	 	5.03
	314(b)	 	Not applicable
	314(c)(1) and (2)	 	14.04
	314(c)(3)	 	Not applicable
	314(d)	 	Not applicable
	314(e)	 	15.05
	314(f)	 	Not applicable
	315(a), (c) and (d)	 	7.01
	315(b)	 	7.14
	315(e)	 	6.14
	316(a)(1)	 	6.12
	316(a)(2)	 	Omitted
	316(a) last sentence	 	8.04
	316(b)	 	6.08
	316(c)	 	8.06
	317(a)	 	6.03 and 6.04
	317(b)	 	4.03(a)
	318(a)	 	15.07

 

Note: This reconciliation and tie shall not, for any purpose,
be deemed to be a part of the Indenture.

 

Attention should also be directed to Section 318(c) of the Trust
Indenture Act, which provides that the provisions of Sections 310 to and including Section 317 of the Trust Indenture Act are a
part of and govern every qualified indenture, whether or not physically contained therein.

 

    i

     

    

 

TABLE OF CONTENTS

 

Page(s)

 

	Article 1 DEFINITIONS	1
	SECTION 1.01.   Definitions	1
	Article 2 ISSUE, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES	5
	SECTION 2.01.   Amount Unlimited; Issuable in Series	5
	SECTION 2.02.   Form of Trustee’s Certificate of Authentication	5
	SECTION 2.03.   Form of Securities Generally; Establishment of Terms of Series	5
	SECTION 2.04.   Securities in Global Form	8
	SECTION 2.05.   Denominations; Record Date; Payment of Interest.	8
	SECTION 2.06.   Execution, Authentication, Delivery and Dating of Securities	9
	SECTION 2.07.   Exchange and Registration of Transfer of Securities	11
	SECTION 2.08.   Temporary Securities	13
	SECTION 2.09.   Mutilated, Destroyed, Lost or Stolen Securities and Coupons	13
	SECTION 2.10.   Cancellation	14
	SECTION 2.11.   Book Entry Only System	14
	Article 3 REDEMPTION OF SECURITIES	15
	SECTION 3.01.   Redemption of Securities, Applicability of SECTION	15
	SECTION 3.02.   Notice of Redemption, Selection of Securities	15
	SECTION 3.03.   Payment of Securities Called for Redemption	16
	SECTION 3.04.   Redemption Suspended During Event of Default	17
	Article 4 PARTICULAR COVENANTS OF THE COMPANY	17
	SECTION 4.01.   Payment of Principal, Premium and Interest	17
	SECTION 4.02.   Offices for Notices and Payments, etc.	17
	SECTION 4.03.   Provisions as to Paying Agent	18
	SECTION 4.04.   Statement as to Compliance	19
	SECTION 4.05.   Corporate Existence	19
	SECTION 4.06.   Reserved	19

 

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	SECTION 4.07.   Waiver of Covenants	19
	Article 5 SECURITYHOLDER LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE	20
	SECTION 5.01.   Securityholder Lists	20
	SECTION 5.02.   Preservation and Disclosure of Lists	20
	SECTION 5.03.   Reports by the Company	20
	SECTION 5.04.   Reports by the Trustee	21
	Article 6 REMEDIES	21
	SECTION 6.01.   Events of Default; Acceleration of Maturity	21
	SECTION 6.02.   Rescission and Annulment	22
	SECTION 6.03.   Collection of Indebtedness and Suits for Enforcement by Trustee	23
	SECTION 6.04.   Trustee May File Proofs of Claim	23
	SECTION 6.05.   Trustee May Enforce Claims Without Possession of Securities or Coupons	24
	SECTION 6.06.   Application of Money Collected	24
	SECTION 6.07.   Limitation on Suits	24
	SECTION 6.08.   Unconditional Right of Securityholders to Receive Principal and Interest	25
	SECTION 6.09.   Restoration of Rights and Remedies	25
	SECTION 6.10.   Rights and Remedies Cumulative	25
	SECTION 6.11.   Delay or Omission Not Waiver	25
	SECTION 6.12.   Control by Securityholders	25
	SECTION 6.13.   Waiver of Past Defaults	26
	SECTION 6.14.   Undertaking for Costs	26
	SECTION 6.15.   Waiver of Stay or Extension Laws	26
	Article 7 CONCERNING THE TRUSTEE	27
	SECTION 7.01.   Duties and Responsibilities of Trustee	27
	SECTION 7.02.   Reliance on Documents, Opinions, etc.	27
	SECTION 7.03.   No Responsibility for Recitals, etc.	28
	SECTION 7.04.   Ownership of Securities	29
	SECTION 7.05.   Moneys to be Held in Trust	29

 

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	SECTION 7.06.   Compensation and Expenses of Trustee	29
	SECTION 7.07.   Officer’s Certificate as Evidence	29
	SECTION 7.08.   Disqualifications; Conflicting Interest of Trustee	30
	SECTION 7.09.   Eligibility of Trustee	30
	SECTION 7.10.   Resignation or Removal of Trustee	30
	SECTION 7.11.   Acceptance by Successor Trustee	31
	SECTION 7.12.   Successor by Merger, etc.	31
	SECTION 7.13.   Limitations on Rights of Trustee as Creditor	32
	SECTION 7.14.   Notice of Default	32
	SECTION 7.15.   Appointment of Authenticating Agent	32
	Article 8 CONCERNING THE SECURITYHOLDERS	33
	SECTION 8.01.   Action by Securityholders	33
	SECTION 8.02.   Proof of Execution by Securityholders	34
	SECTION 8.03.   Who Are Deemed Absolute Owners	34
	SECTION 8.04.   Company-Owned Securities Disregarded	35
	SECTION 8.05.   Revocation of Consents; Future Securityholders Bound	35
	SECTION 8.06.   Record Date	35
	Article 9 SECURITYHOLDERS’ MEETINGS	35
	SECTION 9.01.   Purposes of Meeting	35
	SECTION 9.02.   Call of Meetings by Trustee	36
	SECTION 9.03.   Call of Meetings by Company or Securityholders	36
	SECTION 9.04.   Qualifications for Voting	36
	SECTION 9.05.   Regulations	36
	SECTION 9.06.   Voting	37
	Article 10 SUPPLEMENTAL INDENTURES	37
	SECTION 10.01.   Supplemental Indentures without Consent of Securityholders	37
	SECTION 10.02.   Supplemental Indentures with Consent of Holders	39
	SECTION 10.03.   Compliance with Trust Indenture Act; Effect of Supplemental Indentures	39

 

    iv

     

    

 

	SECTION 10.04.   Notation on Securities	40
	Article 11 CONSOLIDATION, MERGER, SALE OR CONVEYANCE	40
	SECTION 11.01.   Company May Consolidate, etc., on Certain Terms	40
	SECTION 11.02.   Successor Corporation Substituted	40
	SECTION 11.03.   Opinion of Counsel and Officer’s Certificate to be Given Trustee	41
	Article 12 SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS	41
	SECTION 12.01.   Discharge of Indenture	41
	SECTION 12.02.   Deposited Moneys to be Held in Trust by Trustee	41
	SECTION 12.03.   Paying Agent to Repay Moneys Held	41
	SECTION 12.04.   Return of Unclaimed Moneys	42
	Article 13 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS	42
	SECTION 13.01.   Indenture and Securities Solely Corporate Obligations	42
	Article 14 DEFEASANCE AND COVENANT DEFEASANCE	42
	SECTION 14.01.   Applicability of Article	42
	SECTION 14.02.   Defeasance and Discharge	42
	SECTION 14.03.   Covenant Defeasance	43
	SECTION 14.04.   Conditions to Defeasance or Covenant Defeasance	43
	SECTION 14.05.   Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions	44
	Article 15 MISCELLANEOUS PROVISIONS	45
	SECTION 15.01.   Benefits of Indenture Restricted to Parties and Securityholders	45
	SECTION 15.02.   Provisions Binding on Company’s Successors	45
	SECTION 15.03.   Addresses for Notices, etc., to Company and Trustee	45
	SECTION 15.04.   Notice to Holders of Securities; Waiver	45
	SECTION 15.05.   Evidence of Compliance with Conditions Precedent	46
	SECTION 15.06.   Legal Holidays	46
	SECTION 15.07.   Trust Indenture Act to Control	46
	SECTION 15.08.   Execution in Counterparts	47

 

    v

     

    

 

	SECTION 15.09.   Governing Law; Waiver of Jury Trial	47
	SECTION 15.10.   Severability	47
	SECTION 15.11.   Interpretations	47
	SECTION 15.12.   SECTION 15.12. U.S.A. Patriot Act	47
	Article 16 SUBORDINATION OF SECURITIES	47
	SECTION 16.01.   Securities Subordinate to Senior Indebtedness	47

 

    vi

     

    

 

THIS INDENTURE, dated as of October 5, 2020
between Veritex Holdings, Inc., a corporation duly organized and existing under the laws of the State of Texas (the “Company”),
and UMB Bank. N.A. (the “Trustee,” which term shall include any successor trustee appointed pursuant to Article 7 of
this Indenture).

 

WHEREAS, the Company deems it necessary to
issue from time to time for its lawful purposes securities (the “Securities”) evidencing its indebtedness and has duly
authorized the execution and delivery of this Indenture to provide for the issuance of the Securities in one or more series, unlimited
as to principal amount, to bear such rates of interest, to mature at such time or times, and to have such other provisions as shall
be fixed as hereinafter provided; and

 

WHEREAS, the Company represents that all acts
and things necessary to constitute these presents a valid indenture and agreement according to its terms have been done and performed,
and the execution of this Indenture has in all respects been duly authorized, and the Company, in the exercise of legal right and
power in it vested, is executing this Indenture;

 

NOW, THEREFORE:

 

In order to declare the terms and conditions
upon which the Securities are authenticated, issued and received, and in consideration of the premises, of the purchase and acceptance
of the Securities by the holders thereof and of the sum of One Dollar to it duly paid by the Trustee at the execution of these
presents, the receipt whereof is hereby acknowledged, the Company covenants and agrees with the Trustee, for the equal and proportionate
benefit of the respective holders from time to time of the Securities, as follows:

 

Article
1

DEFINITIONS

 

Section
1.01.   Definitions.

 

The terms defined in this Section (except
as herein otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any
indenture supplemental hereto shall have the respective meanings specified in this Section. All other terms used in this Indenture
that are defined in the Trust Indenture Act or that are by reference therein defined in the Securities Act shall have the meanings
(except as herein otherwise expressly provided or unless the context otherwise requires) assigned to such terms in the Trust Indenture
Act and in the Securities Act as in force at the date of this Indenture as originally executed. All accounting terms used herein
and not expressly defined shall have the meanings assigned to such terms in accordance with United States generally accepted accounting
principles, and the term “generally accepted accounting principles” means such accounting principles as are generally
accepted at the time of any computation. The words “herein,” “hereof” and “hereunder” and other
words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. The
terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular.

 

“Additional Amounts” shall mean
any additional amounts to be paid by the Company in respect of Securities of a series, as may be specified pursuant to Section
2.03(b) hereof and in such Security and under the circumstances specified therein, in respect of specified taxes, assessments or
other governmental charges imposed on certain holders who are United States Aliens.

 

“Authorized Newspaper” shall mean
a newspaper (which, in the case of the United Kingdom, will, if practicable, be the Financial Times (London Edition) and, in the
case of Luxembourg, will, if practicable, be the Luxemburger Wort) of general circulation in the place of publication, published
in an official language of the country of publication and customarily published at least once a day for at least five days in each
calendar week. Whenever successive weekly publications in an Authorized Newspaper are authorized or required hereunder, they may
be made (unless otherwise provided herein) on the same or different days of the week and in the same or different Authorized Newspapers.
If it shall be impractical in the opinion of the Trustee to make any publication of any notice required hereby in an Authorized
Newspaper, any publication or other notice in lieu thereof which is made or given with the approval of the Trustee shall constitute
a sufficient publication of such notice.

 

     

     

    

 

“Authorized Officer” shall have
the meaning set forth in Section 3.02 hereof.

 

“Bearer Security” shall mean any
Security established pursuant to Section 2.01 and Section 2.03(b) hereof which is payable to bearer (including without limitation
any Security in temporary or permanent global bearer form) and title to which passes by delivery only, but does not include any
coupons.

 

‘Board of Directors” or “Board”
shall mean the Board of Directors of the Company or any duly authorized committee of such Board.

 

“Board Resolution” shall mean
a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors
or by a committee acting under authority of or appointment by the Board of Directors and to be in full force and effect on the
date of such certification, and delivered to the Trustee.

 

“Business Day” shall mean, unless
otherwise specified pursuant to Section 2.03(b), any day other than a Saturday, Sunday or other day on which banking institutions
in the City of Dallas, Texas, or The City of New York, New York, are authorized or obligated by law, regulation or executive order
to close; provided, that such term shall mean, with respect to any Place of Payment or any other particular location referred to
in this Indenture or in the Securities, a day that in the city (or in any one of the cities, if more than one) in which amounts
are payable, as specified in the form of such Security, is not a day on which banking institutions are authorized or required by
law or regulation to be closed.

 

“Commission” shall mean the Securities
and Exchange Commission or any successor agency.

 

“Company” shall mean the person
named as the “Company” in the first paragraph of this instrument until a successor corporation shall have become such
pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor corporation.

 

“Company Request,” “Company
Order” and “Company Consent” mean, respectively, a written request, order or consent signed in the name of the
Company by its Chief Executive Officer, President, Chief Financial Officer, Vice President, General Counsel, Secretary or Assistant
Secretary or Treasurer or Assistant Treasurer and delivered to the Trustee.

 

“coupon” shall mean any interest
coupon appertaining to a Bearer Security.

 

“Default” or “default”
shall have the meaning specified in Article 6.

 

“Depositary” shall mean, with
respect to the Securities of any series issuable or issued in whole or in part in the form of one or more permanent global Securities,
the person designated as Depositary by the Company pursuant to Section 2.03(b), which must be a clearing agency registered under
the Exchange Act, until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture,
and thereafter “Depositary” shall mean or include each person who is then a Depositary hereunder, and if at any time
there is more than one such person, “Depositary” as used with respect to the Securities of any series shall mean the
Depositary with respect to the Securities of such series.

 

“Dollar” or “$” shall
mean a dollar or other equivalent unit in such coin or currency of the United States of America as at the time shall be legal tender
for the payment of public and private debts.

 

“Event of Default” shall have
the meaning specified in Article 6.

 

“Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended.

 

“Exchange Date” shall have the
meaning set forth in Section 2.08.

 

    2

     

    

 

“holder,” “holder of Securities,”
 “securityholder” or other similar term shall mean (a) in the case of any Registered Security, the person in whose name
such Security is registered in the Security Register kept by the Company for that purpose, in accordance with the terms hereof,
and (b) in the case of any Bearer Security, the bearer thereof, and as used with respect to any coupon appertaining to any Bearer
Security, the term “holder” shall mean the bearer thereof.

 

“Indenture” shall mean this instrument
as originally executed and delivered or as it may from time to time be supplemented or amended by one or more indentures supplemental
hereto entered into pursuant to the applicable provisions hereof, including without limitation, the forms and terms of particular
series of Securities established as contemplated by Article 2.

 

“Material Subsidiary” means Veritex
Community Bank, or any successor thereof or any Subsidiary of the Company that is a depository institution and that has consolidated
assets equal to 80% or more of the Company’s consolidated assets.

 

“Officer’s Certificate”
shall mean a certificate signed by the Chief Executive Officer, Chief Financial Officer, Assistant Secretary, Treasurer or Controller
of the Company and delivered to the Trustee.

 

“Opinion of Counsel” shall mean
an opinion in writing signed by legal counsel, who may be an employee of or counsel to the Company and who shall be reasonably
satisfactory to the Trustee, or who may be other counsel reasonably satisfactory to the Trustee.

 

“Original Issue Discount Securities”
shall mean any Securities that are initially sold at a discount from the principal amount thereof and that provide upon an Event
of Default for declaration of an amount less than the principal amount thereof to be due and payable upon acceleration thereof.

 

“Outstanding” or “outstanding,”
when used with reference to Securities, shall, subject to the provisions of Section 7.08, Section 8.01 and Section 8.04, mean,
as of any particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except:

 

(a)                
Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation;

 

(b)               
Securities, or portions thereof, for the payment or redemption of which moneys in the necessary amount shall have been deposited
in trust with the Trustee or with any paying agent (other than the Company) or shall have been set aside and segregated and held
in trust by the Company (if the Company shall act as its own paying agent) for the holders of such Securities and any coupons appertaining
thereto; provided, that if such Securities, or portions thereof, are to be redeemed prior to the maturity thereof, notice of such
redemption shall have been given as provided in Article 3, or provision satisfactory to the Trustee shall have been made for giving
such notice;

 

(c)                
Securities that have been defeased pursuant to Section 14.02 hereof; and

 

(d)               
Securities that have been paid pursuant to Section 2.09, or Securities in exchange for, in lieu of and in substitution for
which other Securities shall have been authenticated and delivered pursuant to the terms of Section 2.07, unless proof satisfactory
to the Trustee is presented that any such Securities are held by bona fide holders in due course.

 

“Periodic Offering” shall mean
an offering of Securities of a series, from time to time, the specific terms of which (including, without limitation, the rate
or rates of interest or formula for determining the rate or rates of interest thereon, if any, the maturity date or dates thereof
and the redemption provisions, if any, with respect thereto) are to be determined by the Company upon the issuance of such Securities.

 

    3

     

    

 

“Person” or “person”
shall mean any individual, corporation, limited liability company, partnership, joint venture, association, joint stock company,
trust, unincorporated organization or government or any agency or political subdivision thereof.

 

“Place of Payment,” when used
with respect to the Securities of any series, means the place or places where, subject to the provisions of Section 4.02, the principal
of (and premium, if any, on) and any interest on the Securities of that series are payable as specified as contemplated by Section
2.03(b).

 

“Possessions,” when used with
respect to the United States, shall include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and Northern
Mariana Islands.

 

“record date” as used with respect
to any interest payment date shall have the meaning specified in Section 2.05.

 

“Registered Security” shall mean
any Security established pursuant to Section 2.01 and Section 2.03(b) that is registered on the Security Register of the Company.

 

“Responsible Officer,” when used
with respect to the Trustee, shall mean any officer within the Corporate Trust Office of the Trustee (or any successor group of
the Trustee), including any Vice President, Assistant Vice President, Assistant Secretary or any other officer of the Trustee customarily
performing functions similar to those performed by any of the above designated officers and also shall mean, with respect to a
particular corporate trust matter, any other officer to whom such matter is referred because of such officer’s knowledge
of and familiarity with the particular subject.

 

“Securities” shall have the meaning
set forth in the preamble of this Indenture.

 

“Securities Act” shall mean the
Securities Act of 1933, as amended.

 

“Security Register” and “Security
Registrar” shall have the respective meanings set forth in Section 2.07(a) hereof.

 

“Senior Indebtedness” means, without
duplication, the principal, premium, if any, unpaid interest (including interest accruing on or after the filing of any petition
in bankruptcy or for reorganization relating to the Company whether or not a claim for post-filing interest is allowed in such
proceeding), fees, charges, expenses, reimbursement and indemnification obligations, and all other amounts payable under or in
respect of the following indebtedness of the Company, whether any such indebtedness exists as of the date of the Indenture or is
created, incurred or assumed after such date: (i) all obligations for borrowed money, (ii) all obligations evidenced by debentures,
Securities or other similar instruments, (iii) all obligations in respect of letters of credit or bankers acceptances or similar
instruments (or reimbursement obligations with respect thereto), (iv) all obligations to pay the deferred purchase price of property
or services, except trade accounts payable arising in the ordinary course of business, (v) all indebtedness of others guaranteed
by the Company or any of its Subsidiaries or for which the Company or any of its Subsidiaries is legally responsible or liable
(whether by agreement to purchase indebtedness of, or to supply funds or to invest in, others) and (vi) indebtedness secured by
any mortgage, pledge, lien, charge, encumbrance or any security interest existing on property owned by the Company but excluding
any obligations of the Company which are required (as opposed to elected to be treated) as capitalized leases under United States
generally accepted accounting principles.

 

“Subsidiary” shall mean, in respect
of any Person, any corporation, association, partnership, limited liability company or other business entity of which more than
50% of the total voting power of shares of capital stock or other interests (including partnership interests) entitled (without
regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time
owned or controlled, directly or indirectly, by (a) such Person, (b) such Person and one or more Subsidiaries of such Person or
(c) one or more Subsidiaries of such Person.

 

    4

     

    

 

“Trust Indenture Act,” except
as otherwise provided in this Indenture, shall mean the Trust Indenture Act of 1939, as amended, as in force at the date of this
Indenture as originally executed.

 

“Trustee” shall mean the person
identified as “Trustee” in the first paragraph hereof until the acceptance of appointment of a successor trustee pursuant
to the provisions of Article 7, and thereafter shall mean such successor trustee.

 

“United States Alien” shall mean
any person who, for United States federal income tax purposes, is a foreign corporation, a non-resident alien individual, a non-resident
alien fiduciary of a foreign estate or trust, or a foreign partnership to the extent that one or more of its members is, for United
States federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident alien fiduciary of
a foreign estate or trust

 

“Vice President” when used with
respect to the Company or the Trustee shall mean any vice president, whether or not designated by a number or word or words added
before or after the title “vice president,” including any Executive or Senior Vice President.

 

Article
2

ISSUE, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES

 

Section
2.01.   Amount Unlimited; Issuable
in Series.

 

Upon the execution of this Indenture, or from
time to time thereafter, Securities up to the aggregate principal amount and containing terms and conditions from time to time
authorized by or pursuant to a Board Resolution, or in an indenture supplemental hereto, as set forth in Section 2.03, may be executed
by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and make available
for delivery the Securities to or upon Company Order, without any further action by the Company but subject to the provisions of
Section 2.03, or in an indenture supplemental hereto, as set forth in Section 2.03.

 

The Securities may be issued in one or more
series. The aggregate principal amount of Securities of all series that may be authenticated and delivered and outstanding under
this Indenture is not limited hereunder. The Securities of a particular series may be issued up to the aggregate principal amount
of Securities for such series from time to time authorized by or pursuant to a Board Resolution.

 

Section
2.02.   Form of Trustee’s
Certificate of Authentication.

 

The Trustee’s certificate of authentication
shall be in substantially the following form:

 

[Form of Trustee’s Certificate of Authentication]

 

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

 

 

	 	Dated:	UMB Bank, N.A.	 
	 	 	as Trustee	 
	 	 	 	 
	 	 	By:	 
	 	 	Authorized Signatory	 

 

Section
2.03.   Form of Securities Generally;
Establishment of Terms of Series.

 

(a)                
The Registered Securities, if any, of each series, the Bearer Securities, if any, of each series and related coupons, if
any, the temporary global Securities of each series, if any, and the permanent global Securities of each series, if any, shall
be in the forms established from time to time in or pursuant to one or more Board Resolutions (and, to the extent established pursuant
to rather than set forth in one or more Board Resolutions, in an Officer’s Certificate (to which shall be attached true and
correct copies of the relevant Board Resolution(s)) detailing such establishment) or established in an indenture supplemental hereto.

 

    5

     

    

 

The Securities may be issued in typewritten,
printed or engraved form with such letters, numbers or other marks of identification or designation (including “CUSIP”
numbers, if then generally in use) and such legends or endorsements printed, lithographed or engraved thereon as the Company may
deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law
or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Securities
may be listed, or to conform to usage. Unless otherwise specified as contemplated hereinafter, Securities in bearer form shall
have interest coupons attached.

 

(b)               
At or prior to the initial issuance of Securities of any series, the particular terms of Securities of such series shall
be established in or pursuant to one or more Board Resolutions (and to the extent established pursuant to rather than set forth
in one or more Board Resolutions, in an Officer’s Certificate (to which shall be attached true and correct copies of the
relevant Board Resolutions(s)) detailing such establishment) or established in an indenture supplemental hereto, including the
following:

 

(1)               
the designation of the particular series (which shall distinguish such series from all other series);

 

(2)               
the aggregate principal amount of such series which may be authenticated and delivered under this Indenture (except for
Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of
the series pursuant to this Indenture and except for any Securities which, pursuant to Section 2.06, are deemed never to have been
authenticated and delivered hereunder);

 

(3)               
whether Securities of the series are to be issuable as Registered Securities, Bearer Securities (with or without coupons)
or both, whether any Securities of the series are to be issuable initially in temporary global form with or without coupons and,
if so, the name of the Depositary with respect to any such temporary global Security, and whether any Securities of the series
are to be issuable in permanent global form with or without coupons and, if so, whether beneficial owners of interests in any such
permanent global Security may exchange such interests for Securities of such series and of like tenor of any authorized form and
denomination and the circumstances under which any such exchanges may occur, if other than in the manner provided in Section 2.06
and the name of the Depositary with respect to any such permanent global Security;

 

(4)               
the date as of which any Bearer Securities of such series and any temporary Security in global form representing Outstanding
Securities of such series shall be dated, if other than the date of original issuance of the first Securities of the series to
be issued;

 

(5)               
the person to whom any interest on any Registered Security of the series shall be payable, if other than the person in whose
name that Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for
such interest, the manner in which, or the person to whom, any interest on any Bearer Security of the series shall be payable,
if otherwise than upon presentation and surrender of the coupons appertaining thereto as they severally mature, the extent to which,
or the manner in which, any interest payable on a temporary global Security on an interest payment date will be paid if other than
in the manner provided in Section 2.08 and the extent to which, or the manner in which, any interest payable on a permanent global
Security on an interest payment date will be paid;

 

(6)               
the date or dates on which the principal of the Securities of such series is payable;

 

(7)               
the rate or rates, and if applicable the method used to determine the rate, at which the Securities of such series shall
bear interest, if any, the date or dates from which such interest shall accrue, the date or dates on which such interest shall
be payable and the record date or dates for the interest payable on any Registered Securities on any interest payment date;

 

    6

     

    

 

(8)               
the place or places at which, subject to the provisions of Section 4.02, the principal of (and premium, if any, on) and
any interest on Securities of such series shall be payable, any Registered Securities of the series may be surrendered for registration
of transfer, Securities of the series may be surrendered for exchange and notices and demands to or upon the Company in respect
of the Securities of the series and this Indenture may be served;

 

(9)               
the obligation, if any, of the Company to redeem or purchase Securities of such series, at the option of the Company or
at the option of a holder thereof, pursuant to any sinking fund or other redemption provisions and the period or periods within
which, the price or prices at which and the terms and conditions upon which Securities of the series may be so redeemed or purchased,
in whole or in part;

 

(10)            
if other than denominations of $1,000 and any integral multiple thereof, the denominations in which any Registered Securities
of such series shall be issuable, and the denomination or denominations in which any Bearer Securities of the series shall be issuable,
if other than the denomination of $5,000;

 

(11)            
if other than the principal amount thereof, the portion of the principal amount of Securities of such series which shall
be payable upon declaration of acceleration of the maturity thereof;

 

(12)            
the currency, currencies or currency units in which payment of the principal of (and premium, if any, on) and any interest
on any Securities of the series shall be payable if other than the currency of the United States of America and the manner of determining
the equivalent thereof in the currency of the United States of America for purposes of the definition of “Outstanding”
in Section 1.01;

 

(13)            
if the principal of (and premium, if any, on) or any interest on the Securities of the series are to be payable, at the
election of the Company or a holder thereof, in one or more currencies or currency units, other than that or those in which the
Securities are stated to be payable, the currency or currencies in which payment of the principal of (and premium, if any, on)
and any interest on Securities of such series as to which such election is made shall be payable, and the periods within which
and the terms and conditions upon which such election is to be made;

 

(14)            
if the amount of payments of principal of (and premium, if any, on) or any interest on the Securities of the series may
be determined with reference to an index, the manner in which such amounts shall be determined;

 

(15)            
whether the Securities will be issued in book-entry only form;

 

(16)            
any interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of such
series;

 

(17)            
if either or both of Section 14.02 and Section 14.03 do not apply to the Securities of the series;

 

(18)            
whether and under what circumstances the Company will pay Additional Amounts in respect of any series of Securities and
whether the Company has the option to redeem such Securities rather than pay such Additional Amounts;

 

(19)            
any provisions relating to the extension of maturity of, or the renewal of, Securities of such series, or the conversion
of Securities of such series into other securities of the Company;

 

(20)            
any provisions relating to the purchase or redemption of all or any portion of a tranche or series of Securities, including
the period of notice required to redeem those Securities;

 

(21)            
the terms and conditions, if any, pursuant to which the Securities of the series are secured;

 

    7

     

    

 

(22)            
the subordination terms of the Securities of the series; and

 

(23)            
any other terms of the Securities or provisions relating to the payment of principal of, premium (if any), or interest thereon,
including, but not limited to, whether such Securities are issuable at a discount or premium, as amortizable Securities, and if
payable in, convertible or exchangeable for commodities or for the securities of the Company or any third party.

 

All Securities of any one series need not
be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by
or pursuant to the Board Resolution or Officer’s Certificate referred to above or as set forth in an indenture supplemental
hereto, and, unless otherwise provided, the authorized principal amount of any series may be increased to provide for issuances
of additional Securities of such series. If so provided by or pursuant to the Board Resolution or Officer’s Certificate or
supplemental indenture referred to above, the terms of such Securities to be issued from time to time may be determined as set
forth in such Board Resolution, Officer’s Certificate or supplemental indenture, as the case may be. All Securities of any
one series shall be substantially identical except as to denomination, interest rate, maturity and other similar terms and except
as may be provided otherwise by or pursuant to such Board Resolution, Officer’s Certificate or supplemental indenture.

 

Section
2.04.   Securities in Global
Form.

 

If Securities of a series are issuable in
global form, as specified as contemplated by Section 2.03(b), then, notwithstanding clause (10) of Section 2.03(b) and the provisions
of Section 2.05, any such Security in global form shall represent such of the Securities of such series Outstanding as shall be
specified therein, and any such Security in global form may provide that it shall represent the aggregate amount of Securities
Outstanding from time to time endorsed thereon and that the aggregate amount of Securities Outstanding represented thereby may
from time to time be reduced to reflect any exchanges of beneficial interests in such Security in global form for Securities of
such series as contemplated herein. Any endorsement of a Security in global form to reflect the amount, or any decrease in the
amount, of Securities Outstanding represented thereby shall be made by the Trustee or the Security Registrar in such manner and
upon instructions given by such person or persons as shall be specified in such Security in global form or in the Company Order
to be delivered to the Trustee pursuant to Section 2.06 or Section 2.08. Subject to the provisions of Section 2.06 and, if applicable,
Section 2.08, the Trustee or the Security Registrar shall deliver and redeliver any Security in permanent global form in the manner
and upon instructions given by the person or persons specified in such Security in global form or in the applicable Company Order.
If a Company Order pursuant to Section 2.06 or Section 2.08 has been, or simultaneously is, delivered, any instructions by the
Company with respect to endorsement or delivery or redelivery of a Security in global form shall be in writing but need not be
represented by a Company Order and need not be accompanied by an Opinion of Counsel.

 

The provisions of the last sentence of Section
2.06 shall apply to any Security represented by a Security in global form if such Security was never issued and sold by the Company
and the Company delivers to the Trustee or the Security Registrar the Security in global form together with written instructions
(which need not be represented by a Company Order and need not be accompanied by an Opinion of Counsel) with regard to the reduction
in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence
of Section 2.06.

 

Notwithstanding the provisions of Section
2.05, unless otherwise specified as contemplated by Section 2.03(b), payment of principal of and any premium and interest on any
Security in permanent global form shall be made to the persons or persons specified therein.

 

Section
2.05.   Denominations; Record
Date; Payment of Interest.

 

(a)                
Unless otherwise provided as contemplated by Section 2.03(b) with respect to any series of Securities, any Registered Securities
of a series shall be issuable without coupons in denominations of $1,000 and any Bearer Securities of a series shall be issuable,
with interest coupons attached, in the denomination of $5,000.

 

    8

     

    

 

(b)               
The term “record date” as used with respect to an interest payment date for any series of a Registered Security
shall mean such day or days as shall be specified as contemplated by Section 2.03(b); provided, that in the absence of any such
provisions with respect to any series, such term shall mean (1) the last day of the calendar month next preceding such interest
payment date if such interest payment date is the 15th day of a calendar month; or (2) the 15th day of a calendar month next preceding
such interest payment date if such interest payment date is the first day of the calendar month.

 

Unless otherwise provided as contemplated
by Section 2.03 with respect to any series of Securities, the person in whose name any Registered Security is registered at the
close of business on the record date with respect to an interest payment date shall be entitled to receive the interest payable
on such interest payment date notwithstanding the cancellation of such Security upon any registration of transfer or exchange thereof
subsequent to such record date prior to such interest payment date; provided, that if and to the extent the Company shall default
in the payment of the interest due on such interest payment date, such defaulted interest shall be paid to the persons in whose
names the Securities are registered on a subsequent record date established by notice given to the extent and in the manner set
forth in Section 15.04 by or on behalf of the Company to the holders of Securities of the series in default not less than 15 days
preceding such subsequent record date, such record date to be not less than five days preceding the date of payment of such defaulted
interest, or in any other lawful manner acceptable to the Trustee.

 

(c)                
Unless otherwise specified by Board Resolution or Company Order for a particular series of Securities, the principal of,
redemption premium, if any, on and interest, if any, on the Securities of any series shall be payable at the office or agency of
the Company maintained pursuant to Section 4.02 in a Place of Payment for such series, in the coin or currency of the United States
of America that at the time is legal tender for public and private debt; provided, that, at the option of the Company, payment
of interest with respect to a Registered Security may be paid by check mailed to the holders of the Registered Securities entitled
thereto at their last addresses as they appear on the Security Register or wired if held in book-entry form at the U.S. Depositary.

 

Section
2.06.   Execution, Authentication,
Delivery and Dating of Securities

 

The Securities shall be signed on behalf of
the Company by its Chief Executive Officer, its President or one of its Vice Presidents. Such signatures may be the manual or facsimile
signatures of such then current officers.

 

Coupons shall bear the facsimile signature
of the Secretary or one of the Assistant Secretaries of the Company or such other officer of the Company as may be specified pursuant
to Section 2.03(b). Any Security or coupon may be signed on behalf of the Company by such persons as, at the actual date of the
execution of such Security, shall be the proper officers of the Company, although at the date of the execution of this Indenture
any such person was not such officer. Securities and coupons bearing the manual or facsimile signatures of individuals who were,
at the actual date of the execution of such Security or coupon, the proper officers of the Company shall bind the Company, notwithstanding
that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities,
or the delivery of such coupons, as the case may be, or did not hold such offices at the date of such Securities.

 

Upon the execution and delivery of this Indenture,
the Company shall deliver to the Trustee an Officer’s Certificate as to the incumbency and specimen signatures of officers
authorized to execute and deliver the Securities and coupons and give instructions under this Section and, as long as Securities
are Outstanding under this Indenture, shall deliver a similar Officer’s Certificate each year on the anniversary of the date
of the first such Officer’s Certificate. The Trustee may conclusively rely on the documents delivered pursuant to this Section
(unless revoked by superseding comparable documents) and Section 2.03 hereof as to the authorization of the Board of Directors
of any Securities delivered hereunder, and the form and terms thereof, and as to the authority of the instructing officers referred
to in this Section so to act.

 

The Trustee shall at any time, and from time
to time, authenticate Securities for original issue in an unlimited aggregate principal amount upon receipt by the Trustee of a
Company Order; provided, that with respect to Securities of a series subject to a Periodic Offering, (a) such Company Order may
be delivered to the Trustee prior to the delivery to the Trustee of such Securities for authentication and delivery, (b) the Trustee
shall authenticate and deliver Securities of such series for original issue from time to time, in an aggregate principal amount
not exceeding the aggregate principal amount, if any, established for such series, pursuant to a Company Order, (c) the maturity
date or dates, original issue date or dates, interest rate or rates and any other terms of Securities of such series shall be determined
by Company Order or pursuant to such procedures, and (d) if provided for in such procedures, such Company Order may authorize authentication
and delivery pursuant to oral or electronic instructions from the Company or its duly authorized agent or agents, which oral instructions
shall be promptly confirmed in writing. Except as permitted by Section 2.09, the Trustee shall not authenticate and deliver any
Bearer Security unless all appurtenant coupons for interest then matured have been detached and cancelled.

 

    9

     

    

 

Prior to the issuance of a Security of any
new series and any related coupons, and the authentication thereof by the Trustee, the Trustee shall have received and (subject
to Section 7.02) shall be fully protected in relying on:

 

(a)                
The Board Resolution or Officer’s Certificate or indenture supplemental hereto establishing the terms and the form
of the Securities of that series pursuant to Section 2.01 and Section 2.03;

 

(b)               
An Officer’s Certificate stating that all conditions precedent provided for in this Indenture relating to the authentication
and delivery of Securities in such form have been complied with;

 

(c)                
An Opinion of Counsel stating that the form and terms of such Securities and coupons, if any, have been established in conformity
with the provisions of this Indenture; provided, that with respect to Securities of a series subject to a Periodic Offering, the
Trustee shall be entitled to receive such Opinion of Counsel only once at or prior to the time of the first authentication of Securities
of such series.

 

With respect to Securities of a series offered
in a Periodic Offering, the Trustee may rely, as to the authorization by the Company of any of such Securities, the form and terms
thereof and of any coupons and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and
other documents delivered pursuant to this Section in connection with the first authentication of Securities of such series unless
and until such Opinion of Counsel or other documents have been superseded or revoked. In connection with the authentication and
delivery of Securities of a series subject to a Periodic Offering, the Trustee shall be entitled to assume that the Company’s
instructions to authenticate and deliver such Securities do not violate any rules, regulations or orders of any governmental agency
or commission having jurisdiction over the Company.

 

Each Registered Security shall be dated the
date of its authentication except as otherwise provided by Board Resolution or Officer’s Certificate or indenture supplemental
hereto; and each Bearer Security shall be dated as of the date of original issuance of the first Security of such series to be
issued unless otherwise specified pursuant to Section 2.03 hereof.

 

The aggregate principal amount of Securities
of any series outstanding at any time may not exceed any limit upon the maximum principal amount for such series set forth in or
pursuant to the Board Resolution or Officer’s Certificate or indenture supplemental hereto delivered pursuant to Section
2.03, except as provided in Section 2.08.

 

No Security or coupon shall be entitled to
any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security, or the Security
to which such coupon appertains, a certificate of authentication substantially in the form provided for herein executed by the
Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such
Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated
and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for
cancellation as provided in Section 2.10 together with a written statement stating that such Security has never been issued and
sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered
hereunder and shall never be entitled to the benefits of this Indenture.

 

    10

     

    

 

Section
2.07.   Exchange and Registration
of Transfer of Securities.

 

(a)                
The Company shall keep, at an office or agency to be designated and maintained by the Company in accordance with Section
4.02 (as such, a “Security Registrar”), registry books (the “Security Register”) in which, subject to such
reasonable regulations as it may prescribe, the Company shall register Registered Securities and shall register the transfer of
Registered Securities of each such series as provided in this Article 2. Such Security Register shall be in written form or in
any other form capable of being converted into written form within a reasonable time. At all reasonable times such Security Register
shall be open for inspection by the Trustee. Upon due presentment for registration of transfer of any Registered Security of a
particular series at such office or agency maintained pursuant to Section 4.02 for such purpose in a Place of Payment, the Company
shall execute and register and the Trustee shall authenticate and make available for delivery in the name of the transferee or
transferees a new Registered Security or Registered Securities of such series of any authorized denominations and for an equal
aggregate principal amount and tenor.

 

(b)               
At the option of the holder, Registered Securities of any series may be exchanged for other Registered Securities of the
same series of any authorized denominations and of an equal aggregate principal amount and tenor. Registered Securities to be exchanged
shall be surrendered at any such office or agency maintained pursuant to Section 4.02 for such purpose in a Place of Payment, and
the Company shall execute and register and the Trustee shall authenticate and make available for delivery in exchange therefor
the Security or Securities that the securityholder making the exchange shall be entitled to receive. Registered Securities, including
Registered Securities received in exchange for Bearer Securities, may not be exchanged for Bearer Securities, unless the Company
otherwise expressly provides for the issuance, upon such terms and conditions as may be provided with respect to such series, by
the Company of Registered Securities of a series that may be exchanged, at the option of the securityholder upon such conditions
and limitations as may be specified by the Company, for Bearer Securities of such series.

 

At the option of the holder, Bearer Securities
of any series may be exchanged for Registered Securities of the same series of any authorized denominations and of a like aggregate
principal amount and tenor, upon surrender of the Bearer Securities to be exchanged at any such office or agency, with all unmatured
coupons (except as provided below) and with all matured coupons in default appertaining thereto. If the holder of a Bearer Security
is unable to produce any such unmatured coupon or coupons or matured coupon or coupons in default, such exchange may be effected
if the Bearer Securities are accompanied by payment in funds acceptable to the Company in an amount equal to the face amount of
such missing coupon or coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee
if there is furnished to them such security or indemnity as they may require to save each of them and any paying agent harmless.
If thereafter the holder of such Securities shall surrender to any paying agent any such missing coupon in respect of which such
a payment shall have been made, such holder shall be entitled to receive the amount of such payment; provided, that, except as
otherwise provided in Section 4.02, interest represented by coupons shall be payable only upon presentation and surrender of those
coupons at an office or agency located outside the United States and its Possessions. Notwithstanding the foregoing, in case a
Bearer Security of any series is surrendered at any such office or agency in exchange for a Registered Security of the same series
and like tenor after the close of business at such office or agency on (i) any record date and before the opening of business at
such office or agency on the relevant interest payment date, or (ii) any special record date and before the opening of business
at such office or agency on the related proposed date for payment of defaulted interest as set forth in Section 2.05, such Bearer
Security shall be surrendered without the coupon relating to such interest payment date or proposed date for payment, as the case
may be, and interest or defaulted interest, as the case may be, will not be payable on such interest payment date or proposed date
for payment, as the case may be, in respect of the Registered Security issued in exchange for such Bearer Security, but will be
payable only to the holder of such coupon when due in accordance with the provisions of this Indenture.

 

Whenever any Securities are so surrendered
for exchange, the Company shall execute and register, and the Trustee shall authenticate and make available for delivery, the Securities
which the holder making the exchange is entitled to receive.

 

(c)                
All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the
Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such
registration of transfer or exchange.

 

    11

     

    

 

All Registered Securities presented for registration
of transfer or for exchange, redemption or payment, as the case may be, shall (if so required by the Company or the Trustee) be
duly endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company and
the Trustee or the Security Registrar duly executed by, the holder thereof or his attorney duly authorized in writing.

 

No service charge shall be made for any exchange
or registration of transfer of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith, other than exchanges pursuant to the terms of this Indenture not involving
any transfer.

 

The Company shall not be required (1) to exchange
or register the transfer of Securities of any series to be redeemed for a period of 15 days next preceding any selection of such
Securities to be redeemed, or (2) to exchange or register the transfer of any Registered Security so selected, called or being
called for redemption, except in the case of any such series to be redeemed in part the portion thereof not to be so redeemed,
or (3) to exchange any Bearer Security so selected for redemption except that such a Bearer Security may be exchanged for a Registered
Security of that series and of like tenor, provided that such Registered Security shall be simultaneously surrendered for redemption.

 

(d)               
Notwithstanding the foregoing, except as otherwise specified as contemplated by Section 2.03(b), any permanent global Security
shall be exchangeable pursuant to this Section only as provided in this paragraph. If the beneficial owners of interests in a permanent
global Security are entitled to exchange such interests for Securities of such series and of like tenor and principal amount of
another authorized form and denomination, as specified as contemplated by Section 2.03(b), then without unnecessary delay but in
any event not later than the earliest date on which such interests may be so exchanged, the Company shall deliver to the Trustee
or the Security Registrar definitive Securities of that series in aggregate principal amount equal to the principal amount of such
permanent global Security executed by the Company. On or after the earliest date on which such interests may be so exchanged, in
accordance with instructions given by the Company to the Trustee or the Security Registrar and the Common Depositary or the U.S.
Depositary, as the case may be (which instructions shall be in writing), such permanent global Security shall be surrendered from
time to time by the Depositary or such other depositary as shall be specified in the Company Order with respect thereto to the
Trustee, as the Company’s agent for such purpose, or to the Security Registrar, to be exchanged, in whole or in part, for
definitive Securities of the same series without charge and the Trustee shall authenticate and make available for delivery in accordance
with such instructions, in exchange for each portion of such permanent global Security, a like aggregate principal amount of definitive
Securities of the same series of authorized denominations and of like tenor as the portion of such permanent global Security to
be exchanged which (unless the Securities of the series are not issuable both as Bearer Securities and as Registered Securities,
in which case the definitive Securities exchanged for the permanent global Security shall be issuable only in the form in which
the Securities are issuable, as specified as contemplated by Section 2.03(b)), shall be in the form of Bearer Securities or Registered
Securities, or any combination thereof, as shall be specified by the beneficial owner thereof; provided, that no such exchanges
may occur for a period of 15 days next preceding any selection of Securities of that series and of like tenor for redemption; and
provided, further, that no Bearer Security delivered in exchange for a portion of a permanent global security shall be mailed or
otherwise delivered to any location in the United States or its Possessions. Promptly following any such exchange in part, such
permanent global Security should be returned by the Trustee or the Security Registrar to the Depositary or such other depositary
referred to above in accordance with the instructions of the Company referred to above. If a Registered Security is issued in exchange
for any portion of a permanent global Security after the close of business at the office or agency where such exchange occurs on
(i) any record date and before the opening of business at such office or agency on the relevant interest payment date, or (ii)
any special record date and before the opening of business at such office or agency on the related proposed date for payment of
defaulted interest as provided in Section 2.05, interest or defaulted interest, as the case may be, will not be payable on such
interest payment date or proposed date for payment, as the case may be, in respect of such Registered Security, but will be payable
on such interest payment date or proposed date for payment, as the case may be, only to the person to whom interest in respect
of such portion of such permanent global Security is payable in accordance with the provisions of this Indenture.

 

    12

     

    

 

Section
2.08.   Temporary Securities.

 

Pending the preparation of definitive Securities
of any series, the Company may execute and the Trustee shall, upon Company Order, authenticate and make available for delivery,
temporary Securities of such series (typewritten, printed, lithographed or otherwise produced). Such temporary Securities, in any
authorized denominations, shall be substantially in the form of the definitive Securities in lieu of which they are issued, in
registered form or, if authorized, in bearer form with one or more or without coupons, in the form approved from time to time by
or pursuant to a Board Resolution but with such omissions, insertions, substitutions and other variations as may be appropriate
for temporary Securities, all as may be determined by the Company, but not inconsistent with the terms of this Indenture or any
provision of applicable law. In the case of any series issuable as Bearer Securities, such temporary Securities shall be delivered
only in compliance with the conditions set forth in Section 2.06 and may be in global form.

 

Except in the case of temporary Securities
in global form (which shall be exchanged as hereinafter provided), if temporary Securities of any series are issued, the Company
will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive
Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series
upon surrender of the temporary Securities of such series at the office or agency of the Company maintained pursuant to Section
4.02 in a Place of Payment for such series for the purpose of exchanges of Securities of such series, without charge to the holder.
Upon surrender for cancellation of any one or more temporary Securities of any series (accompanied by any unmatured coupons appertaining
thereto), the Company shall execute and the Trustee shall authenticate and make available for delivery in exchange therefor a like
aggregate principal amount of definitive Securities of the same series and of like tenor of authorized denominations; provided,
that, except as otherwise expressly provided by the Company as contemplated in Section 2.07(b), no definitive Bearer Security shall
be delivered in exchange for a temporary Registered Security; and provided further, however, that a definitive Bearer Security
shall be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in Section 2.06.

 

Without unnecessary delay but in any event
not later than the date specified in, or determined pursuant to the terms of, any such temporary global Security of a series (the
 “Exchange Date”), the Company shall deliver to the Trustee definitive Securities of that series, in aggregate principal
amount equal to the principal amount of such temporary global Security, executed by the Company. On or after the Exchange Date
such temporary global Security shall be presented and surrendered by the Depositary to the Trustee, as the Company’s agent
for such purpose, or to the Security Registrar, to be exchanged, in whole or from time to time in part, for definitive Securities
of such series without charge, and the Trustee shall authenticate and make available for delivery, in exchange for each portion
of such temporary global Security, a like aggregate principal amount of definitive Securities of the same series of authorized
denominations and of like tenor as the portion of such temporary global Security to be exchanged.

 

Every temporary Security shall be executed
by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like
effect, as the definitive Securities.

 

Section
2.09.   Mutilated, Destroyed,
Lost or Stolen Securities and Coupons

 

If any mutilated Security or a Security with
a mutilated coupon appertaining thereto is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate
and make available for delivery in exchange therefor a new Security of the same series and of like tenor and principal amount and
bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to the surrendered
Security.

 

If there shall be delivered to the Company
and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security or coupon and (ii) such security
or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of
notice to the Company or the Trustee that such Security or coupon has been acquired by a bona fide purchaser, the Company shall,
subject to the following paragraph, execute and the Trustee shall authenticate and make available for delivery, in lieu of any
such destroyed, lost or stolen Security or in exchange for the Security to which a destroyed, lost or stolen coupon appertains
(with all appurtenant coupons not destroyed, lost or stolen), a new Security of the same series and of like tenor and principal
amount and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining
to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains.

 

    13

     

    

 

In case any such mutilated, destroyed, lost
or stolen Security or coupon has become or is about to become due and payable, the Company in its discretion may, instead of issuing
a new Security, pay such Security or coupon; provided, however, that principal of (and premium, if any, on) and any interest on
Bearer Securities shall, except as otherwise provided in Section 4.02, be payable only at an office or agency located outside the
United States and its Possessions.

 

Upon the issuance of any new Security under
this Section, the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed
in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 

Every new Security of any series, with any
coupons appertaining thereto, issued pursuant to this Section in lieu of any destroyed, lost or stolen Security or in exchange
for a Security to which a destroyed, lost or stolen coupon appertains, shall constitute an original additional contractual obligation
of the Company, whether or not the destroyed, lost or stolen Security and any coupons appertaining thereto, or the destroyed, lost
or stolen coupon shall be at any time enforceable by anyone, and any such new Security and coupons, if any, shall be entitled to
all the benefits of this Indenture equally and proportionately with any and all other Securities of that series and their coupons,
if any, duly issued hereunder.

 

The provisions of this Section are exclusive
and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities or coupons.

 

Section
2.10.   Cancellation.

 

All Securities surrendered for payment, redemption,
exchange or registration of transfer or for credit against any sinking fund payment, as the case may be, and any coupons surrendered
for payment, shall, if surrendered to the Company or any agent of the Company or of the Trustee, be delivered to the Trustee. All
Registered Securities and matured coupons so delivered shall be promptly cancelled by the Trustee. All Bearer Securities and unmatured
coupons so delivered shall be held by the Trustee, and upon instruction by a Company Order, shall be cancelled or held for reissuance.
All Bearer Securities and unmatured coupons held by the Trustee pending such cancellation or reissuance shall be deemed to be delivered
for cancellation for all purposes of this Indenture and the Securities. The Company may deliver to the Trustee for cancellation
any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and
may deliver to the Trustee (or to any other person for delivery to the Trustee) for cancellation any Securities previously authenticated
hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee.
No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section except
as expressly provided by this Indenture. Any cancelled Securities and coupons held by the Trustee shall be delivered to the Company
or disposed of as directed by the Company; provided, that the Trustee may, but shall not be required to, destroy such Securities.

 

Section
2.11.   Book Entry Only System.

 

If specified by the Company pursuant to Section
2.03(b) with respect to Securities represented by a Security in global form, a series of Securities may be issued initially in
book-entry only form and, if issued in such form, shall be represented by one or more Securities in global form registered in the
name of the Depositary or other depositary designated with respect thereto. So long as such system of registration is in effect,
(a) Securities of such series so issued in book-entry only form will not be issuable in the form of or exchangeable for Securities
in certificated or definitive registered form, (b) the records of the Depositary or such other depositary will be determinative
for all purposes and (c) neither the Company, the Trustee nor any paying agent, Security Registrar or transfer agent for such Securities
will have any responsibility or liability for (i) any aspect of the records relating to or payments made on account of owners of
beneficial interests in the Securities of such series, (ii) maintaining, supervising or reviewing any records relating to such
beneficial interests, (iii) receipt of notices, voting and requesting or directing the Trustee to take, or not to take, or consenting
to, certain actions hereunder, or (iv) the records and procedures of the Depositary, or such other depositary, as the case may
be.

 

    14

     

    

 

Article
3

REDEMPTION OF SECURITIES

 

Section
3.01.   Redemption of Securities,
Applicability of Section.

 

Redemption of Securities of any series as
permitted or required by the terms thereof shall be made in accordance with the terms of such Securities as specified pursuant
to Section 2.03 hereof and this Article; provided, however, that if any provision of any series of Securities shall conflict with
any provision of this Section, the provision of such series of Securities shall govern.

 

Section
3.02.   Notice of Redemption,
Selection of Securities.

 

In case the Company shall desire to exercise
the right to redeem all or, as the case may be, any part of a series of Securities pursuant to Section 3.01, it shall fix a date
for redemption. Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company,
or, at the Company’s written request, by the Trustee in the name and at the expense of the Company. The Company or the Trustee,
as the case may be, shall give notice of such redemption, in the manner and to the extent set forth in Section 15.04, on that date
prior to the date fixed for a redemption to the holders of such Securities so to be redeemed, as a whole or in part, (a) as set
forth in Board Resolutions, as described in Section 2.03, or (b) as determined by the Chief Executive Officer, the Chief Financial
Officer, the President, the Treasurer, any Executive Vice President, the Secretary and each officer of the Company designated by
any of the foregoing officers (each, an “Authorized Officer”) and evidenced by the preparation of an offering document
or an Officer’s Certificate specifying the period of notice of such redemption. If the Board Resolutions or an Authorized
Officer do not specify a longer period of notice of such redemption, the Company or, at the written request of the Company, the
Trustee, shall give notice of such redemption, in the manner and to the extent set forth in Section 15.04, at least 10 Business
Days and not more than 60 calendar days prior to the date fixed for a redemption to the holders of such Securities so to be redeemed
as a whole or in part. Notice given in such manner shall be conclusively presumed to have been duly given, whether or not the holder
receives such notice. In any case, failure to give such notice or any defect in the notice to the holder of any such Security designated
for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other such Security.
If the Company requests the Trustee to give any notice of redemption, it shall make such request in writing at least ten days prior
to the designated date for delivering such notice, unless a shorter period is satisfactory to the Trustee.

 

Each such notice of redemption shall specify
the date fixed for redemption, the redemption price at which such Securities are to be redeemed, the CUSIP numbers of such Securities,
the Place of Payment where such Securities, together, in the case of Bearer Securities, with all coupons appertaining thereto,
if any, maturing after the date of redemption, are to be surrendered for payment of the redemption prices, that payment will be
made upon presentation and surrender of such Securities, that interest accrued to the date fixed for redemption will be paid as
specified in the notice, and that on and after the date interest thereon or on the portions thereof to be redeemed will cease to
accrue. If less than all of a series is to be redeemed, the notice of redemption shall specify the numbers of the Securities to
be redeemed. In case any Security is to be redeemed in part only, the notice of redemption shall state the portion of the principal
amount thereof to be redeemed and shall state that, upon surrender of such Security, a new Security or Securities of the same series
in principal amount equal to the unredeemed portion thereof will be issued.

 

On or before the redemption date specified
in the notice of redemption given as provided in this Section, the Company will deposit in trust with the Trustee or with one or
more paying agents an amount of money sufficient to redeem on the redemption date all the Securities or portions of Securities
so called for redemption at the appropriate redemption price, together with accrued interest, if any, to the date fixed for redemption.
If less than all of a series of Securities is to be redeemed, the Company will give the Trustee adequate written notice at least
45 days in advance (unless a shorter notice shall be satisfactory to the Trustee) as to the aggregate principal amount of Securities
to be redeemed.

 

    15

     

    

 

If less than all the Securities of a series
are to be redeemed, the Trustee shall select, by lot or in such other manner is it shall deem appropriate and fair, not more than
60 days prior to the date of redemption, the numbers of such Securities Outstanding not previously called for redemption, to be
redeemed in whole or in part. The portion of principal of Securities so selected for partial redemption shall be equal to the minimum
authorized denomination for Securities of that series or any integral multiple thereof. The Trustee shall promptly notify the Company
of the Securities to be redeemed. If, however, less than all the Securities of a series having differing issue dates, interest
rates and stated maturities are to be redeemed, the Company in its sole discretion shall select the particular Securities of such
series to be redeemed and shall notify the Trustee in writing at least 45 days prior to the relevant redemption date.

 

Section
3.03.   Payment of Securities
Called for Redemption.

 

If notice of redemption has been given as
above provided, the Securities or portions of Securities with respect to which such notice has been given shall become due and
payable on the date and at the place stated in such notice at the applicable redemption price, together with any interest accrued
to the date fixed for redemption, and on and after that date (unless the Company shall default in the payment of such Securities
at the redemption price, together with interest accrued to that date) interest on such Securities or portions of Securities so
called for redemption shall cease to accrue and the coupons, if any, for such interest appertaining to any Bearer Securities so
to be redeemed, except to the extent provided below, shall be void. On presentation and surrender of such Securities subject to
redemption at the Place of Payment and in the manner specified in such notice, together with all coupons, if any, appertaining
thereto and maturing after the date specified in such notice for redemption, such Securities or the specified portions thereof
shall be paid and redeemed by the Company at the applicable redemption price, together with interest accrued thereon to the date
fixed for redemption; provided, that installments of interest on Bearer Securities whose stated maturity date is on or prior to
the date of redemption shall be payable only at an office or agency located outside the United States and its Possessions (except
as otherwise provided in Section 4.02) and, unless otherwise specified as contemplated by Section 2.03, only upon presentation
and surrender of coupons for such interest; and provided, further, that unless otherwise specified as contemplated by Section 2.03,
installments of interest on Registered Securities whose stated maturity date is on or prior to the date of redemption shall be
payable to the holders of such Registered Securities, or one or more predecessor Securities, registered as such at the close of
business on the relevant record dates according to their terms and the provisions of Section 2.05.

 

At the option of the Company, payment with
respect to Registered Securities may be made by check to the holders of such Securities or other persons entitled thereto against
presentation and surrender of such Securities.

 

If any Bearer Security surrendered for redemption
shall not be accompanied by all appurtenant coupons maturing after the date of redemption, such Security may be paid after deducting
from the redemption price an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon
or coupons may be waived by the Company and the Trustee if there is furnished to them such security or indemnity as they may require
to save each of them and any paying agent harmless. If thereafter the holder of such Security shall surrender to the Trustee or
any paying agent any such missing coupon in respect of which a deduction shall have been made from the redemption price, such holder
shall be entitled to receive the amount so deducted; provided, that interest represented by coupons shall be payable only at an
office or agency located outside the United States and its Possessions (except as otherwise provided in Section 4.02) and, unless
otherwise specified as contemplated by Section 2.03, only upon presentation and surrender of those coupons.

 

Any Security (including any coupons appertaining
thereto) that is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee
so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed
by, the holder thereof or such holder’s attorney duly authorized in writing), and upon such presentation, the Company shall
execute and the Trustee shall authenticate and make available for delivery to the holder thereof, at the expense of the Company,
a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unredeemed
portion of the principal of the Security so presented. If a temporary global Security or permanent global Security is so surrendered,
such new Security so issued shall be a new temporary global Security or permanent global Security, respectively.

 

    16

     

    

 

Section
3.04.   Redemption Suspended
During Event of Default.

 

The Trustee shall not redeem any Securities
(unless all Securities then outstanding are to be redeemed) or commence the giving of any notice of redemption of Securities during
the continuance of any Event of Default of which a Responsible Officer of the Trustee has actual knowledge or has received written
notice thereof, except that where the giving of notice of redemption of any Securities shall theretofore have been made, the Trustee
shall redeem such Securities, provided funds are deposited with it for such purpose. Except as aforesaid, any moneys theretofore
or thereafter received by the Trustee shall, during the continuance of such Event of Default, be held in trust for the benefit
of the securityholders and applied in the manner set forth in Section 6.06; provided, that in case such Event of Default shall
have been waived as provided herein or otherwise cured, such moneys shall thereafter be held and applied in accordance with the
provisions of this Article.

 

Article
4

PARTICULAR COVENANTS OF THE COMPANY

 

Section
4.01.   Payment of Principal,
Premium and Interest.

 

The Company will duly and punctually pay or
cause to be paid the principal of (and premium, if any, on) and any interest on each of the Securities of a series at the place,
at the respective times and in the manner provided in the terms of the Securities, any coupons appertaining thereto and this Indenture.
Unless otherwise specified as contemplated by Section 2.03(b) with respect to any series of Securities, any interest due on and
any Additional Amounts payable in respect of Bearer Securities on or before maturity shall be payable only upon presentation and
surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature.

 

Section
4.02.   Offices for Notices and
Payments, etc.

 

If Securities of a series are issuable only
as Registered Securities, the Company will maintain in each Place of Payment for such series an office or agency where Securities
of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration
of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this
Indenture may be served. If Securities of a series are issuable as Bearer Securities, the Company will maintain (a) in the Borough
of Manhattan, The City of New York (or in such other place or places in the United States as the Company may designate from time
to time by Company Order delivered to the Trustee), an office or agency where any Registered Securities of that series may be presented
or surrendered for payment, where any Registered Securities of that series may be surrendered for registration of transfer, where
Securities of that series may be surrendered for exchange, where notices and demands to or upon the Company in respect of the Securities
of that series and this Indenture may be served and where Bearer Securities of that series and related coupons may be presented
or surrendered for payment in the circumstances described below (and not otherwise), (b) subject to any laws or regulations applicable
thereto, in a Place of Payment for that series which is located outside the United States and its Possessions, an office or agency
where Securities of that series and related coupons may be presented and surrendered for payment; provided, that if the Securities
of that series are listed on The International Stock Exchange of the United Kingdom and the Republic of Ireland, Limited, the Luxembourg
Stock Exchange or any other stock exchange located outside the United States and its Possessions and such stock exchange shall
so require, the Company will maintain a paying agent for the Securities of that series in London, Luxembourg or any other required
city located outside the United States and its Possessions, as the case may be, so long as the Securities of that series are listed
on such exchange, and (c) subject to any laws or regulations applicable thereto, in a Place of Payment for that series which is
located outside the United States and its Possessions, an office or agency where any Registered Securities of that series may be
surrendered for registration of transfer, where Securities of that series may be surrendered for exchange and where notices and
demands to or upon the Company in respect of the Securities of that series and this Indenture may be served.

 

The Company will give to the Trustee notice
of the location of each such office or agency and of any change in the location thereof. In case the Company shall fail to maintain
any such office or agency as required, or shall fail to give such notice of the location or of any change in the location thereof,
presentations and surrenders of Securities of that series may be made and notices and demands may be served at the principal corporate
trust office of the Trustee, except that Bearer Securities of that series and the related coupons may be presented and surrendered
for payment at any paying agent for such series located outside the United States and its Possessions or, if none have been so
appointed, then at the Kansas City, Missouri office of the Trustee, and the Company hereby appoints the same as its agent to receive
such respective presentations, surrenders, notices and demands.

 

    17

     

    

 

No payment of principal, premium or interest
on Bearer Securities shall be made at any office or agency of the Company in the United States or its Possessions or by check mailed
to any address in the United States or its Possessions or by transfer to any account maintained with a financial institution located
in the United States or its Possessions; provided, that, if the Securities of a series are denominated and payable in Dollars,
payment of principal of (and premium, if any) and any interest on any Bearer Security shall be made at the office of the Company’s
paying agent in Kansas City, Missouri (or in such other place or places in the United States as the Company may designate from
time to time by Company Order delivered to the Trustee), if (but only if) payment in Dollars of the full amount of such principal,
premium, interest or Additional Amounts, as the case may be, at all offices or agencies outside the United States and its Possessions
maintained for the purpose by the Company in accordance with this Indenture is illegal or effectively precluded by exchange controls
or other similar restrictions.

 

The Company may also from time to time designate
one or more other offices or agencies where the Securities of one or more series may be presented or surrendered for any or all
such purposes and may from time to time rescind such designations; provided, that no such designation or rescission shall in any
manner relieve the Company of its obligation to maintain an office or agency in accordance with the requirements set forth above
for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee and the holders of any
such designation or rescission and of any change in the location of any such other office or agency.

 

The Company hereby initially designates the
principal corporate trust office of the Trustee as the office of the Company at UMB Bank, N.A., Attention: Corporate Trust, 1010
Grand Blvd., Kansas City, Missouri 64106 where Registered Securities may be presented for payment, for registration of transfer
and for exchange as in this Indenture provided and where notices and demands to or upon the Company in respect of the Securities
or of this Indenture may be served.

 

Section
4.03.   Provisions as to Paying
Agent.

 

(a)                
Whenever the Company shall appoint a paying agent other than the Trustee with respect to the Securities of any series, it
will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee,
subject to the provisions of this Section:

 

(1)               
that it will hold sums held by it as such agent for the payment of the principal of (and premium, if any, on) or any interest
on the Securities of such series (whether such sums have been paid to it by the Company or by any other obligor on the Securities
of such series) in trust for the benefit of the persons entitled thereto until such sums shall be paid to such persons or otherwise
disposed of as herein provided and will notify the Trustee of the receipt of sums to be so held;

 

(2)               
that it will give the Trustee notice of any failure by the Company (or by any other obligor on the Securities of such series)
to make any payment of the principal of (or premium, if any, on) or any interest on the Securities of such series when the same
shall be due and payable; and

 

(3)               
that at any time when any such failure has occurred and is continuing, it will, upon the written request of the Trustee,
forthwith pay to the Trustee all sums so held in trust by such paying agent.

 

(b)               
If the Company shall act as its own paying agent, it will, on or before each due date of the principal of (and premium,
if any) or any interest on the Securities of any series, set aside, segregate and hold in trust for the benefit of the persons
entitled thereto a sum sufficient to pay such principal (and premium, if any) or any interest so becoming due until such sums shall
be paid to such persons or otherwise disposed of as herein provided. The Company will promptly notify the Trustee of any failure
to take such action.

 

    18

     

    

 

(c)                
Whenever the Company shall have one or more paying agents with respect to a series of Securities, it will, on or prior to
each due date of the principal of (and premium, if any, on) or any interest on, any Securities, deposit with a paying agent a sum
sufficient to pay the principal (and premium, if any) or any interest, so becoming due, such sum to be held in trust for the benefit
of the Persons entitled to such principal, premium or interest, and (unless such paying agent is the Trustee) the Company will
promptly notify the Trustee of its action or failure so to act.

 

(d)               
Anything in this Section to the contrary notwithstanding, the Company may, at any time, for the purpose of obtaining the
satisfaction and discharge of this Indenture with respect to one or more or all series of Securities hereunder, or for any other
reason, pay or cause to be paid to the Trustee all sums held in trust for such series by it or any paying agent hereunder as required
by this Section, such sums to be held by the Trustee upon the trusts herein contained, and upon such payment by any paying agent
to the Trustee, such paying agent shall be released from all further liability with respect to such money.

 

(e)                
Anything in this Section to the contrary notwithstanding, the agreement to hold sums in trust as provided in this Section
is subject to the provisions of Section 12.03 and Section 12.04.

 

Section
4.04.   Statement as to Compliance.

 

The Company will deliver to the Trustee, within
120 days after the end of each fiscal year of the Company, commencing with the fiscal year ending in the year during which the
first series of Securities is issued hereunder (but in no event more than one year from the issuance of the first series hereunder),
a written statement signed by the Chief Executive Officer, President or other principal executive officer and by the Treasurer
or other principal financial officer or principal accounting officer of the Company, stating, as to each signer thereof, that:

 

(a)                
a review of the activities of the Company during such year and of performance under this Indenture has been made under his
supervision; and

 

(b)               
to the best of his knowledge, based on such review, the Company has fulfilled all its obligations under this Indenture throughout
such year, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to him
and the nature and status thereof.

 

Section
4.05.   Corporate Existence.

 

Subject to the provisions of Article 11, the
Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence,
rights (charter and statutory) and franchises and the corporate existence and rights (charter and statutory) and franchises of
its Subsidiaries; provided, that the Company shall not be required to, or to cause any Subsidiary to, preserve any right or franchise
or to keep in full force and effect the corporate existence of any Subsidiary if the Company shall determine that the keeping in
existence or preservation thereof is no longer desirable in or consistent with the conduct of the business of the Company.

 

Section
4.06.   Reserved.

 

Section
4.07.   Waiver of Covenants.

 

The Company may omit in any particular instance
to comply with any covenant or condition set forth herein if before or after the time for such compliance the holders of a majority
in principal amount of the Securities of all series affected thereby then Outstanding shall either waive such compliance in such
instance or generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant
or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company
and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect.

 

    19

     

    

 

Article
5

SECURITYHOLDER LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

 

Section
5.01.   Securityholder Lists.

 

The Company covenants and agrees that it will
furnish or cause to be furnished to the Trustee (1) semiannually, not later than January 15 and July 15 in each year, when any
Securities of a series are Outstanding, a list, in such form as the Trustee may reasonably require, of all information in the possession
or control of the Company as to the names and addresses of the holders of such Registered Securities as of such date, and (2) at
such other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such request, a list,
in such form as the Trustee may reasonably require, of all information in the possession or control of the Company as to the names
and addresses of the holders of Registered Securities of a particular series specified by the Trustee as of a date not more than
15 days prior to the time such information is furnished; provided, that if and so long as the Trustee shall be the Security Registrar
with respect to such series, such list shall not be required to be furnished.

 

Section
5.02.   Preservation and Disclosure
of Lists.

 

(a)                
The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and addresses
of the holders of each series of Securities contained in the most recent list furnished to it as provided in Section 5.01 or received
by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 5.01
upon receipt of a new list so furnished.

 

(b)               
Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act with other securityholders with
respect to their rights under this Indenture or under the Securities. The Company, the Trustee, the Security Registrar and anyone
else shall have the protection of Section 312(c) of the Trust Indenture Act with respect to the sending of any material pursuant
to a request made pursuant to Section 312(b) of the Trust Indenture Act.

 

Section
5.03.   Reports by the Company.

 

The Company covenants so long as Securities
are Outstanding:

 

(a)                
to file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of the
annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission
may from time to time by rules and regulations prescribe) that the Company may be required to file with the Commission pursuant
to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to file information, documents or reports
pursuant to either of such sections, then to file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports that
may be required pursuant to Section 13 of the Exchange Act in respect of a security listed and registered on a national securities
exchange as may be prescribed from time to time in such rules and regulations;

 

(b)               
to file with the Trustee and the Commission, in accordance with the rules and regulations prescribed from time to time by
the Commission, such additional information, documents, and reports with respect to compliance by the Company with the conditions
and covenants provided for in this Indenture as may be required from time to time by such rules and regulations; and

 

(c)                
to transmit by mail to all the holders of Registered Securities of each series, as the names and addresses of such holders
appear on the registry books, within 30 days after the filing thereof with the Trustee, such summaries of any information, documents
and reports required to be filed by the Company with respect to each such series pursuant to subsections (a) and (b) of this Section
as may be required by rules and regulations prescribed from time to time by the Commission.

 

    20

     

    

 

The Trustee’s receipt of such reports,
information and documents (whether or not filed in electronic form) is for informational purposes only and the Trustee’s
receipt of such will not constitute constructive notice of any information contained therein or determinable from information contained
therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely
exclusively on Officer’s Certificates). The Trustee shall have no liability or responsibility for the filing, content or
timelines of any report hereunder aside from any report transmitted under this Indenture.

 

Section
5.04.   Reports by the Trustee.

 

(a)                
Within 60 days after July 15 of each year commencing with the first July 15 following the first issuance of Securities pursuant
to Section 2.01, so long as any Securities are outstanding hereunder and if there has been any change in the following, the Trustee
shall transmit by mail, first class postage prepared, to the securityholders, as their names appear upon the Security Register,
a brief report dated as of such July 15 with respect to any of the events specified in Section 313(a) and Section 313(b)(2) of
the Trust Indenture Act that may have occurred since the later of the immediately preceding July 15 and the date of this Indenture.

 

(b)               
The Trustee shall transmit the reports required by Section 313(a) of the Trust Indenture Act at the times specified therein.

 

(c)                
The Trustee shall comply with Sections 313(b) and 313(c) of the Trust Indenture Act.

 

(d)               
Reports under this Section will be transmitted in the manner and to the Persons required by Section 313(c) and Section 313(d)
of the Trust Indenture Act. The Company agrees to notify the Trustee when any Securities become listed on any stock exchange.

 

Article
6

REMEDIES

 

Section
6.01.   Events of Default; Acceleration
of Maturity.

 

In case one or more of the following Events
of Default with respect to a particular series shall have occurred and be continuing:

 

(a)                
default in (i) the payment of the principal of (or premium, if any, on) any of the Securities of such series as and when
the same shall become due and payable either at maturity, upon redemption, by declaration or otherwise or (ii) any payment required
by any sinking or analogous fund established with respect to that series; or

 

(b)               
default in the payment of any installment of interest upon any of the Securities of such series as and when the same shall
become due and payable, and continuance of such default for a period of 90 days; or

 

(c)                
failure on the part of the Company duly to observe or perform any other of the covenants or agreements on the part of the
Company contained in the Securities or in this Indenture for a period of 90 days after the date on which written notice of such
failure, requiring the Company to remedy the same, shall have been given to the Company by the Trustee, or to the Company and the
Trustee by the holders of at least 25% in aggregate principal amount of the Securities of that series at the time Outstanding;
or

 

(d)               
a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company or the Material
Subsidiary in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect,
or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Company or any Material
Subsidiary or for any substantial part of their respective property, or ordering the winding-up or liquidation of its affairs and
such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or

 

    21

     

    

 

(e)                
the Company or the Material Subsidiary shall commence a voluntary case under any applicable bankruptcy, insolvency or other
similar law now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case under any such
law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator
(or similar official) of the Company or the Material Subsidiary or for any substantial part of their respective property, or shall
make any general assignment for the benefit of creditors; or

 

(f)                 
any other Event of Default provided with respect to Securities of that series;

 

then, if an Event of Default described in clause (a), (b), (c),
or (f) shall have occurred and be continuing, and in each and every such case, unless the principal amount of all the Securities
of such series shall have already become due and payable, either the Trustee or the holders of not less than 25% in aggregate principal
amount of the Securities of that series then Outstanding hereunder, by notice in writing to the Company (and to the Trustee if
given by securityholders) may declare the principal amount of all the Securities (or, with respect to Original Issue Discount Securities,
such lesser amount as may be specified in the terms of such Securities) of that series to be due and payable immediately, and upon
any such declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Securities
of such series contained to the contrary notwithstanding; or, if an Event of Default described in clause (d) or (e) shall have
occurred and be continuing, and in each and every such case, unless the principal of all the Securities of such series shall have
already become due and payable, either the Trustee or the holders of not less than 25% in aggregate principal amount of all the
Securities of that series then Outstanding hereunder, by notice in writing to the Company (and to the Trustee if given by securityholders),
may declare the principal of all the Securities (or, with respect to Original Issue Discount Securities, such lesser amount as
may be specified in the terms of such Securities) to be due and payable immediately, and upon any such declaration the same shall
become and shall be immediately due and payable, anything in this Indenture or in the Securities contained to the contrary notwithstanding.

 

Section
6.02.   Rescission and Annulment

 

The provisions in Section 6.01 are subject
to the condition that if, at any time after the principal of the Securities of any one or more of all series, as the case may be,
shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have been
obtained or entered as hereinafter provided, the Company shall pay or shall deposit with the Trustee a sum sufficient to pay all
matured installments of interest upon all the Securities of such series or of all the Securities, as the case may be, and the principal
of (and premium, if any, on) all Securities of such series or of all the Securities, as the case may be (or, with respect to Original
Issue Discount Securities, such lesser amount as may be specified in the terms of such Securities), which shall have become due
otherwise than by acceleration (with interest upon such principal and premium, if any) and, to the extent that payment of such
interest is enforceable under applicable law, on overdue installments of interest, at the same rate as the rate of interest specified
in the Securities of such series or all Securities, as the case may be (or, with respect to Original Issue Discount Securities,
at the rate specified in the terms of such Securities for interest on overdue principal thereof upon maturity, redemption or acceleration
of such series, as the case may be), to the date of such payment or deposit, and such amount as shall be sufficient to cover reasonable
compensation to the Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances
made, by the Trustee except as a result of its negligence or bad faith, and any and all defaults under the Indenture, other than
the non-payment of the principal of Securities that has become due by acceleration, shall have been remedied; then and in every
such case the holders of a majority in aggregate principal amount of the Securities of such series (or of all the Securities, as
the case may be) then Outstanding, by written notice to the Company and to the Trustee, may waive all defaults with respect to
that series or with respect to all Securities, as the case may be in such case, treated as a single class and rescind and annul
such declaration and its consequences; but no such waiver or rescission and annulment shall extend to or shall affect any subsequent
default or shall impair any right consequent thereon.

 

In case the Trustee shall have proceeded to
enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned because of such rescission
and annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the Company,
the Trustee and the securityholders, as the case may be, shall be restored respectively to their former positions and rights hereunder,
and all rights, remedies and powers of the Company, the Trustee and the securityholders, as the case may be, shall continue as
though no such proceedings had been taken.

 

    22

     

    

 

Section
6.03.   Collection of Indebtedness
and Suits for Enforcement by Trustee.

 

The Company covenants that if

 

(a)                
default is made in the payment of any installment of interest on any Security when such interest becomes due and payable
and such default continues for a period of 90 days, or

 

(b)               
default is made in the payment of the principal or premium, if any, of any Security at the maturity thereof, including any
maturity occurring by reason of a call for redemption or otherwise,

 

the Company will, upon demand of the Trustee,
pay to it, for the benefit of the holders of such Securities and any coupons appertaining thereto, the whole amount that shall
have become due and payable on such Securities and coupons for principal or premium, if any, and interest, with interest upon the
overdue principal and, to the extent that payment of such interest shall be legally enforceable, upon overdue installments of interest,
at the rate borne by such Securities; 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.

 

If the Company fails to pay such amounts forthwith
upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the
collection of the sums so due and unpaid, and may prosecute such proceedings to judgment or final decree, and may enforce the same
against the Company or any other obligor upon the Securities and collect the moneys adjudged or decreed to be payable in the manner
provided by law out of the property of the Company or any other obligor upon the Securities, wherever situated.

 

If an Event of Default occurs and is continuing,
the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the securityholders by such appropriate
judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific
enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce
any other proper remedy.

 

Section
6.04.   Trustee May File Proofs
of Claim.

 

In the case of the pendency of a receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative
to the Company or any other obligor upon the Securities or the property of the Company or such other obligor or their creditors,
the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration
or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal
or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise:

 

(a)                
to file and prove a claim for the whole amount of principal and premium, if any, and any interest owing and unpaid in respect
of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel) and of the holders of Securities and coupons allowed in such judicial proceeding; and

 

(b)               
to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same;

 

and any receiver, assignee, trustee, liquidator
or sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each holder of Securities and
coupons to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly
to the holders of Securities and coupons, to pay to the Trustee any amount due to it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06. To
the extent that such payment of reasonable compensation, expenses, disbursements, advances and other amounts out of the estate
in any such proceedings shall be denied for any reason, payment of the same shall be secured by a lien on, and shall be paid out
of, any and all distributions, dividends, moneys, securities and other property which the holders of the Securities and coupons
may be entitled to receive in such proceedings, whether in liquidation or under any plan or reorganization or arrangements or otherwise.

 

    23

     

    

 

Nothing herein contained shall be deemed to
authorize the Trustee to authorize or consent to or accept or adopt on behalf of the holder of a Security or a coupon any plan
of reorganization, arrangement, adjustment or composition affecting the Securities or coupons or the rights of any holder thereof,
or to authorize the Trustee to vote in respect of the claim of any holder of a Security or a coupon in any such proceeding.

 

Section
6.05.   Trustee May Enforce Claims
Without Possession of Securities or Coupons.

 

All rights of action and claims under this
Indenture or the Securities or coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities
or coupons or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall
be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment
of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable
benefit of the Securities and coupons in respect of which such judgment has been recovered.

 

Section
6.06.   Application of Money
Collected.

 

Any money collected by the Trustee pursuant
to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution
of such money on account of principal or premium, if any, or any interest, upon presentation of the Securities or coupons, or both,
as the case may be, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 

FIRST: To the payment of all amounts due the
Trustee under Section 7.06;

 

SECOND: To the payment of all Senior Indebtedness
of the Company if and to the extent required by Article 16;

 

THIRD: To the payment of the amounts then
due and unpaid upon the Securities for principal of and premium, if any, and any interest on the Securities and coupons, in respect
of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according
to the amounts due and payable on such Securities and coupons, for principal and any interest, respectively; and

 

FOURTH: To the Company or its successors or
assigns, or to whomsoever may be lawfully entitled to receive the same.

 

Section
6.07.   Limitation on Suits.

 

No holder of any Security of any series or
any related coupons shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or
for the appointment of a receiver or trustee, or for any other remedy hereunder, unless:

 

(1)               
such holder has previously given written notice to the Trustee of a continuing Event of Default;

 

(2)               
the holders of not less than 25% in principal amount of the Outstanding Securities of that series shall have made written
request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

 

(3)               
 such holder or holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities
to be incurred in compliance with such request;

 

    24

     

    

 

(4)               
the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such
proceedings; and

 

(5)               
no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the holders
of a majority in principal amount of the Outstanding Securities;

 

it being understood and intended that no one
or more such holders of Securities shall have any right in any manner whatever by virtue of, or by availing of, any provision of
this Indenture to affect, disturb or prejudice the rights of any other of such holders of Securities or to obtain or to seek to
obtain priority or preference over any other of such holders or to enforce any right under this Indenture, except in the manner
herein provided and for the equal and ratable benefit of all such holders of Securities.

 

Section
6.08.   Unconditional Right of
Securityholders to Receive Principal and Interest.

 

Notwithstanding any other provision in this
Indenture, the holder of any Security or coupon shall have the right, which is absolute and unconditional, to receive payment of
the principal of and premium, if any, and (subject to Section 2.05 and Section 3.02) any interest on such Security or payment of
such coupon on the respective stated maturities expressed in such Security or coupon (or, in the case of redemption, on the redemption
date) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of
such holder.

 

Section
6.09.   Restoration of Rights
and Remedies.

 

If the Trustee or any holder of a Security
or coupon has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued
or abandoned for any reason, or has been determined adversely to the Trustee or to such holder, then and in every such case the
Company, the Trustee and the holders of Securities and coupons shall, subject to any determination in such proceeding, be restored
severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and the holders
shall continue as though no such proceeding has been instituted.

 

Section
6.10.   Rights and Remedies Cumulative.

 

Except as provided in Section 2.09, no right
or remedy herein conferred upon or reserved to the Trustee or to the holders of Securities or coupons is intended to be exclusive
of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment
of any right or remedy hereunder or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate
right or remedy.

 

Section
6.11.    Delay
or Omission Not Waiver.

 

No delay or omission of the Trustee or of
any holder of any Security or coupon to exercise any right or remedy accruing upon any Default shall impair any such right or remedy
or constitute a waiver of any such Default or any acquiescence therein. Every right and remedy given by this Article or by law
to the Trustee or to the holders of Securities or coupons may be exercised from time to time, and as often as may be deemed expedient,
by the Trustee or by the holders of Securities or coupons, as the case may be.

 

Section
6.12.   Control by Securityholders.

 

The holders of a majority in principal amount
of Outstanding Securities of each series shall have the right to direct the time, method and place of conducting any proceeding
for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee, provided that

 

(1)               
such direction shall not be in conflict with any statute, rule of law or with this Indenture;

 

    25

     

    

 

(2)               
the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction; and

 

(3)               
the Trustee need not take any action which it in good faith determines might involve it in personal liability or be unjustly
prejudicial to the securityholders not consenting.

 

Upon receipt by the Trustee of any such direction
with respect to Securities of a series all or part of which is represented by a temporary global Security or a permanent global
Security, the Trustee shall establish a record date for determining holders of Outstanding Securities of such series entitled to
join in such direction, which record date shall be at the close of business on the day the Trustee receives such direction. The
holders on such record date, or their duly designated proxies, and only such persons, shall be entitled to join in such direction,
whether or not such holders remain holders after such record date, provided that, unless such majority in principal amount shall
have been obtained prior to the day which is 90 days after such record date, such direction shall automatically and without further
action by any holder be cancelled and of no further effect. Nothing in this paragraph shall prevent a holder, or a proxy of a holder,
from giving, after expiration of such 90-day period, a new direction identical to a direction which has been cancelled pursuant
to the proviso to the preceding sentence, in which event a new record date shall be established pursuant to the provisions of this
Section 6.12.

 

Section
6.13.   Waiver of Past Defaults.

 

The holders of a majority in principal amount
of the Securities of each series at the time Outstanding may, on behalf of the holders of all the Securities of that series and
any coupons appertaining thereto, waive any past default hereunder and its consequences, except a default:

 

(1)               
in the payment of the principal of, premium, if any, or any interest on any Security; or

 

(2)               
in respect of a covenant or provision hereof that pursuant to Article 10 cannot be modified or amended without the consent
of the holder of each Outstanding Security affected.

 

Upon any such waiver, such default shall cease
to exist, and any Default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture,
but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

 

Section
6.14.   Undertaking for Costs.

 

All parties to this Indenture agree, and each
holder of any Security or coupon by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion
require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any
action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the
costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees,
against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such
party litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted
by any holder, or group of holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities of
any series, or to any suit instituted by any holder of any Securities or coupons for the enforcement of the payment of the principal
of, premium, if any, or any interest on any Security or the payment of any coupon on or after the respective stated maturities
expressed in such Security or coupon (or, in the case of redemption, on or after the redemption date, except, in the case of a
partial redemption, with respect to the portion not so redeemed).

 

Section
6.15.   Waiver of Stay or Extension
Laws.

 

The Company covenants (to the extent that
it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit
or advantage of, any stay or extension laws wherever enacted, now or at any time hereafter in force, which may affect the covenants
or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefits
or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted
to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

 

    26

     

    

 

Article
7

CONCERNING THE TRUSTEE

 

Section
7.01.   Duties and Responsibilities
of Trustee.

 

(a)                
The Trustee, prior to the occurrence of an Event of Default of a particular series and after the curing of all Events of
Default of such series which may have occurred, undertakes to perform such duties and only such duties with respect to such series
as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against
the Trustee. In the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof
are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether
or not they conform on their face to the requirements of this Indenture.

 

(b)               
In case an Event of Default with respect to a particular series has occurred (which has not been cured), the Trustee shall
exercise with respect to such series such of the rights and powers vested in it by this Indenture, and use the same degree of care
and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs.

 

(c)                
No provisions of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its
own negligent failure to act, or its own willful misconduct, except that:

 

(1)               
prior to the occurrence of an Event of Default with respect to a particular series and after the curing of all Events of
Default with respect to such series which may have occurred, the duties and obligations of the Trustee with respect to such series
shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable except for the performance
of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be
read into this Indenture against the Trustee;

 

(2)               
the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Officers, unless
it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and

 

(3)               
the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the holders of Securities pursuant to Section 6.12 relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture.

 

(d)               
No provision of this Indenture shall be construed as requiring the Trustee to expend or risk its own funds or otherwise
to incur any personal financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights
or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk
or liability is not reasonably assured to it.

 

Section
7.02.   Reliance on Documents,
Opinions, etc.

 

Subject to the provisions of Section 7.01:

 

(a)                
the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, consent, order, bond, debenture, note, coupon or other paper or document believed
by it to be genuine and to have been signed or presented by the proper party or parties;

 

    27

     

    

 

(b)               
any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Company Request
or Company Order (unless other evidence in respect thereof be herein specifically prescribed); and any Board Resolution may be
evidenced to the Trustee by a copy thereof certified by the Secretary or any Assistant Secretary of the Company; and whenever in
the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking,
suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence
of bad faith on its part, rely upon an Officer’s Certificate;

 

(c)                
the Trustee may consult with counsel and the written advice of such counsel and any Opinion of Counsel shall be full and
complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in
reliance thereon;

 

(d)               
the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request,
order or direction of any of the holders of any Securities or any related coupons pursuant to the provisions of this Indenture,
unless such holders shall have offered to the Trustee security or indemnity reasonably satisfactory to the Trustee against the
costs, expenses and liabilities which might be incurred therein or thereby;

 

(e)                
the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper
or documents, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as
it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine
the books, records and premises of the Company, personally or by agent or attorney;

 

(f)                 
the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through
agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney
appointed with due care by it hereunder; and

 

(g)               
the Trustee shall not be liable for any action taken, suffered or omitted to be taken by it in good faith and believed by
it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture.

 

(h)               
In no event will the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of
any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the
likelihood of such loss or damage and regardless of the form of action.

 

(i)                 
In no event will the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder
arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, pandemics,
work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of
God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being
understood that the Trustee will use reasonable efforts that are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances.

 

Section
7.03.   No Responsibility for
Recitals, etc.

 

The recitals contained herein and in the Securities,
other than the Trustee’s certificate of authentication, and in any coupons shall be taken as the statements of the Company,
and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity
or sufficiency of this Indenture or of the Securities or coupons, provided that the Trustee shall not be relieved of its duty to
authenticate Securities only as authorized by this Indenture. The Trustee shall not be accountable for the use or application by
the Company of Securities or the proceeds thereof.

 

    28

     

    

 

Section
7.04.   Ownership of Securities.

 

The Trustee, any authenticating agent, any
paying agent, any Security Registrar or any other agent of the Company or of the Trustee, in its individual or any other capacity,
may become the owner or pledgee of Securities and coupons with the same rights it would have if it were not Trustee, authenticating
agent, paying agent, Security Registrar or such other agent of the Company or of the Trustee.

 

Section
7.05.   Moneys to be Held in
Trust.

 

Subject to the provisions of Section 12.04
hereof, all moneys received by the Trustee or any paying agent shall, until used or applied as herein provided, be held un-invested
in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required
by law. Neither the Trustee nor any paying agent shall be under any liability for interest on any moneys received by it hereunder
except such as it may agree in writing with the Company to pay thereon.

 

Section
7.06.   Compensation and Expenses
of Trustee.

 

The Company covenants and agrees to pay to
the Trustee from time to time, and the Trustee shall be entitled to, such compensation for all services rendered by it hereunder
in accordance with the fee schedule of the Trustee (which to the extent permitted by law shall not be limited by any provision
of law in regard to the compensation of a trustee of an express trust), and, except as otherwise expressly provided, the Company
will pay or reimburse the Trustee forthwith upon its request for all reasonable expenses, disbursements and advances incurred or
made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses
and disbursements of its counsel and of all persons not regularly in its employ) except any such expense, disbursement or advance
as may arise from its negligence or bad faith. If any property other than cash shall at any time be subject to the lien of this
Indenture, the Trustee, if and to the extent authorized by a receivership or bankruptcy court of competent jurisdiction or by the
supplemental instrument subjecting such property to such lien, shall be entitled to make and to be reimbursed for, advances for
the purpose of preserving such property or of discharging tax liens or other prior liens or encumbrances thereon. The Company also
covenants to indemnify the Trustee for, and to hold it harmless against, any and all loss, damage, claims, liability or expense,
including taxes (other than taxes based upon, measured or determined by, the income of the Trustee) incurred without negligence
or bad faith on the part of the Trustee, arising out of or in connection with the acceptance or administration of this trust, including
the costs and expenses of defending itself against any claim of liability. The obligations of the Company under this Section shall
constitute additional indebtedness hereunder. Such additional indebtedness shall be secured by a lien prior to that of the Securities
upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the holders
of particular Securities.

 

To secure the Company’s obligations
under this Section, the Trustee shall have a senior claim to which the Securities are hereby made subordinate on all money or property
held or collected by the Trustee, except that held in trust to pay principal of (and premium, if any) and interest, if any, on
particular Securities.

 

When the Trustee incurs expenses or renders
services after an Event of Default, the expenses and the compensation for the services are intended to constitute expenses of administration
under any bankruptcy law.

 

Section
7.07.   Officer’s Certificate
as Evidence

 

Subject to the provisions of Section 7.01,
whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter
be proved or established prior to taking or suffering any action to be taken hereunder, such matter (unless other evidence in respect
thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed
to be conclusively proved and established by an Officer’s Certificate delivered to the Trustee, and such certificate, in
the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered
or omitted by it under the provisions of this Indenture upon the faith thereof.

 

    29

     

    

 

Section
7.08.   Disqualifications; Conflicting
Interest of Trustee.

 

If the Trustee has or shall acquire any “conflicting
interest” within the meaning of the Trust Indenture Act, the Trustee and the Company shall in all respects comply with the
provisions of Section 310(b) of the Trust Indenture Act.

 

Section
7.09.   Eligibility of Trustee.

 

There shall at all times be a Trustee hereunder
which shall be a corporation organized and doing business under the laws of the United States or of any State or Territory thereof
or of the District of Columbia, which (a) is authorized under such laws to exercise corporate trust powers, (b) is subject to supervision
or examination by federal, state, territorial or District of Columbia authority, (c) shall have at all times a combined capital
and surplus of not less than $50,000,000 and (d) shall not be the Company or any person directly or indirectly controlling, controlled
by, or under common control with the Company. If such corporation publishes reports of condition at least annually, pursuant to
law, or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined
capital and surplus of such corporation at any time shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.

 

Section
7.10.    Resignation
or Removal of Trustee.

 

(a)                
The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or all series
by giving written notice of resignation to the Company. Upon receiving such notice of resignation, the Company shall promptly appoint
a successor trustee with respect to the applicable series by written instrument, in duplicate, executed by order of the Board of
Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no
successor trustee shall have been so appointed and have accepted appointment within 30 days after the mailing of such notice of
resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee.
Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee.

 

(b)               
In case at any time any of the following shall occur:

 

(1)               
the Trustee shall fail to comply with Section 7.08 with respect to any series of Securities after written request therefor
by the Company or by any securityholder who has been a bona fide holder of a Security or Securities of such series for at least
six months, or

 

(2)               
the Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 with respect to any series of Securities
and shall fail to resign after written request therefor by the Company or by any such securityholder, or

 

(3)               
the Trustee shall become incapable of acting with respect to any series of Securities, or shall be adjudged a bankrupt or
insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control
of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation,

 

then, in any such case, the Company may remove
the Trustee with respect to the applicable series of Securities and appoint a successor trustee with respect to such series by
written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered
to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of Section 6.14, any securityholder
of such series who has been a bona fide holder of a Security or Securities of the applicable series for at least six months may,
on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee
and the appointment of a successor trustee with respect to such series. Such court may thereupon, after such notice, if any, as
it may deem proper and prescribe, remove the Trustee and appoint a successor trustee.

 

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(c)                
The holders of a majority in aggregate principal amount of the Securities of all series (voting as one class) at the time
Outstanding may at any time remove the Trustee with respect to Securities of all series and appoint a successor trustee with respect
to the Securities of all series.

 

(d)               
Any resignation or removal of the Trustee and any appointment of a successor trustee pursuant to any of the provisions of
this Section shall become effective upon the appointment of a successor trustee and the acceptance of appointment by the successor
trustee as provided in Section 7.11.

 

Section
7.11.    Acceptance
by Successor Trustee.

 

Any successor trustee appointed as provided
in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such
appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable
series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with
all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if
originally named as trustee herein; but, nevertheless, on the written request of the Company or of the successor trustee, the predecessor
trustee shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument
transferring to such successor trustee all the rights and powers of the predecessor trustee. Upon request of any such successor
trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm
to such successor trustee all such rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless,
retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions
of Section 7.06.

 

In case of the appointment hereunder of a
successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and
each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental
hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts
and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring
shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall
be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood
that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each
such trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered
by any other such trustee.

 

No successor trustee shall accept appointment
as provided in this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under
the provisions of this Article 7.

 

Upon acceptance of appointment by a successor
trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all holders of
Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company
fails to mail such notice in the prescribed manner within ten days after the acceptance of appointment by the successor trustee,
the successor trustee shall cause such notice to be so mailed at the expense of the Company.

 

Section
7.12.   Successor by Merger,
etc.

 

Any corporation into which the Trustee may
be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation
to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business
of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be qualified and eligible under
the provisions of this Article 7, without the execution or filing of any paper or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding. In case any Securities shall have been authenticated, but not delivered,
by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such
authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated
such Securities.

 

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Section
7.13.   Limitations on Rights
of Trustee as Creditor.

 

The Trustee shall comply with Section 311(a)
of the Trust Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee
who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein.

 

Section
7.14.   Notice of Default.

 

Within 90 days after the occurrence of any
default on a series of Securities hereunder of which a Responsible Officer of the Trustee has received notice or is deemed to have
notice in accordance with this Section 7.14, the Trustee shall transmit to all securityholders of that series, in the manner and
to the extent provided in Section 15.04, notice of such default hereunder known to the Trustee, unless such default shall have
been cured or waived; provided, that except in the case of a default in the payment of the principal of or interest on any Security
or on the payment of any sinking or purchase fund installment, the Trustee shall be protected in withholding such notice if and
so long as the trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding
of such notice is in the interests of the securityholders; and provided, further, that in the case of any default of the character
specified in clause (c) of Section 6.01 no such notice to securityholders shall be given until at least 30 days after the occurrence
thereof. The Trustee will not be required to take notice or be deemed to have notice of any default or Event of Default, except
failure by the Company to pay or cause to be made any of the payments required to be made to the Trustee, unless a Responsible
Officer shall receive written notice of such default or Event of Default from the Company or by the Holders of at least 25% in
aggregate principal amount of the then Outstanding Securities delivered to the Corporate Trust Office of the Trustee and such notice
states that it is a notice of a default or Event of Default with respect to the Securities and this Indenture, and in the absence
of such notice so delivered the Trustee may conclusively assume no default or Event of Default exists. For the purpose of this
Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event
of Default with respect to Securities of such series.

 

Section
7.15.   Appointment of Authenticating
Agent.

 

The Trustee may appoint an authenticating
agent or agents (which may be an affiliate or affiliates of the Company) with respect to one or more series of Securities which
shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon original issue or upon
exchange, registration of transfer or partial redemption thereof or pursuant to Section 2.09, and Securities so authenticated shall
be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the
Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf
of the Trustee by an authenticating agent and a certificate of authentication executed on behalf of the Trustee by an authenticating
agent. Each authenticating agent shall be acceptable to the Company and shall at all times be a corporation organized and doing
business under the laws of the United States of America or of any State or Territory thereof or of the District of Columbia, which
(a) is authorized under such laws to exercise corporate trust powers or to otherwise act as authenticating agent, (b) is subject
to supervision or examination by federal, state, territorial or District of Columbia authority, and (c) shall have at all times
a combined capital and surplus of not less than $50,000,000. If such authenticating agent publishes reports of condition at least
annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section,
the combined capital and surplus of such authenticating agent shall be deemed to be its combined capital and surplus as set forth
in its most recent report of condition so published. If at any time an authenticating agent shall cease to be eligible in accordance
with the provisions of this Section, such authenticating agent shall resign immediately in the manner and with the effect specified
in this Section.

 

Any corporation into which an authenticating
agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion
or consolidation to which such authenticating agent shall be a party, or any corporation succeeding to the corporate agency or
corporate trust business of such authenticating agent, shall continue to be an authenticating agent, provided such corporation
shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of
the Trustee or such authenticating agent.

 

    32

     

    

 

An authenticating agent may resign at any
time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time terminate the agency of an
authenticating agent by giving written notice thereof to such authenticating agent and to the Company. Upon receiving such a notice
of resignation or upon such a termination, or in case at any time such authenticating agent shall cease to be eligible in accordance
with the provisions of this Section, the Trustee may appoint a successor authenticating agent which shall be acceptable to the
Company and shall promptly give notice of such appointment to all holders of Securities in the manner and to the extent provided
in Section 15.04. Any successor authenticating agent upon acceptance of its appointment hereunder shall become vested with all
the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an authenticating agent.
No successor authenticating agent shall be appointed unless eligible under the provisions of this Section.

 

The Company agrees to pay to each authenticating
agent from time to time reasonable compensation for its services under this Section.

 

If an appointment with respect to one or more
series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to the Trustee’s
certificate of authentication, an alternative certificate of authentication in the following form:

 

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

 

 

	 	UMB Bank, N.A.,
	 	as Trustee
	 	By:_______________________
	 	Authorized Signatory

 

If all of the Securities of a series may not
be originally issued at one time, and the Trustee does not have an office capable of authenticating Securities upon original issuance
located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance,
the Trustee, if so requested by the Company in writing, shall appoint in accordance with this Section an authenticating agent (which,
if so requested by the Company, shall be such affiliate of the Company) having an office in a Place of Payment designated by the
Company with respect to such series of Securities, provided that the terms and conditions of such appointment are acceptable to
the Trustee.

 

Article
8

CONCERNING THE SECURITYHOLDERS

 

Section
8.01.   Action by Securityholders.

 

Whenever in this Indenture it is provided
that the holders of a specified percentage in aggregate principal amount of the Securities of any or all series may take any action
(including the making of any demand or request, the giving of any authorization, notice, consent or waiver or the taking of any
other action), the fact that at the time of taking any such action the holders of such specified percentage have joined therein
may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by securityholders in person or by
agent or proxy appointed in writing, or (b) if Securities of a series are issuable as Bearer Securities, by the record of the holders
of Securities voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of securityholders
of such series duly called and held in accordance with the provisions of Article 9, or (c) by a combination of such instrument
or instruments and any such record of such a meeting of securityholders.

 

In determining whether the holders of a specified
percentage in aggregate principal amount of the Securities of any or all series have taken any action (including the making of
any demand or request, the giving of any authorization, direction, notice, consent or waiver or the taking of any other action),
(i) the principal amount of any Original Issue Discount Security that may be counted in making such determination and that shall
be deemed to be outstanding for such purposes shall be equal to the amount of the principal thereof that could be declared to be
due and payable upon an Event of Default pursuant to the terms of such Original Issue Discount Security at the time the taking
of such of such action is evidenced to the Trustee, and (ii) the principal amount of a Security denominated in a foreign currency
or currency unit shall be the U.S. Dollar equivalent, determined as of the date of original issuance of such Security in accordance
with Section 2.03(b) hereof, of the principal amount of such Security.

 

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Section
8.02.   Proof of Execution by
Securityholders.

 

Subject to the provisions of Section 7.01,
Section 7.02 and Section 9.05, proof of the execution of any instrument by a securityholder or its agent or proxy, or of the holding
by any person of a Security, shall be sufficient and conclusive in favor of the Trustee and the Company if made in accordance with
such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee.

 

The principal amount and serial numbers of
Registered Securities held by any person, and the date of holding the same, shall be proved by the Security Register. The principal
amount and serial numbers of Bearer Securities held by any person, and the date of holding the same, may be proved by the production
of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or other depositary,
wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing that at the date therein mentioned
such person had on deposit with such depositary, or exhibited to it, the Bearer Securities therein described; or such facts may
be proved by the certificate or affidavit of the person holding such Bearer Securities, if such certificate or affidavit is deemed
by the Trustee to be satisfactory. The Trustee and the Company may assume that such ownership of any Bearer Security continues
until (1) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (2)
such Bearer Security is produced to the Trustee by some other person, or (3) such Bearer Security is surrendered in exchange for
a Registered Security, or (4) such Bearer Security is no longer Outstanding. The principal amount and serial numbers of Bearer
Securities held by any person, and the date of holding the same, may also be provided in any other manner which the Trustee deems
sufficient.

 

The record of any securityholders’ meeting
shall be proved in the manner provided in Section 9.06.

 

Section
8.03.   Who Are Deemed Absolute
Owners.

 

Prior to due presentment of a Registered Security
for registration of transfer, the Company, the Trustee and any agent of the Company or of the Trustee may deem the person in whose
name such Registered Security shall be registered upon the Security Register to be, and may treat him as, the absolute owner of
such Registered Security (whether or not such Security shall be overdue and notwithstanding any notation of ownership or other
writing thereon), for the purpose of receiving payment of or on account of the principal of (and premium, if any) and, subject
to the provisions of Section 2.05 and Section 2.07, any interest on such Security and for all other purposes; and neither the Company
nor the Trustee nor any agent of the Company or of the Trustee shall be affected by any notice to the contrary. All such payments
so made to any holder for the time being, or upon his order, shall be valid and, to the extent of the sum or sums so paid, effectual
to satisfy and discharge the liability for moneys payable upon any such Security.

 

Title to any Bearer Security and any coupons
appertaining thereto shall pass by delivery. The Company, the Trustee and any agent of the Company or of the Trustee may treat
the bearer of any Bearer Security and the bearer of any coupon as the owner of such Security or coupon for the purpose of receiving
payment thereof or on account thereof and for all other purposes whatsoever, whether or not such Security or coupon be overdue,
and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

 

Notwithstanding the foregoing, with respect
to any temporary or permanent global Security, nothing herein shall prevent the Company, the Trustee, or any agent of the Company
or of the Trustee, from giving effect to any written certification, proxy or other authorization furnished by a Depositary, or
impair, as between a Depositary and holders of beneficial interests in any temporary or permanent global Security, as the case
may be, the operation of customary practices governing the exercise of the rights of the Depositary as holder of such temporary
or permanent global Security.

 

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Section
8.04.    Company-Owned
Securities Disregarded.

 

In determining whether the holders of the
required aggregate principal amount of Securities have provided any request, demand, authorization, notice, direction, consent
or waiver under this Indenture, Securities which are owned by the Company or any other obligor on the Securities, or by any person
directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any other obligor
on the Securities, shall be disregarded and deemed not to be Outstanding for the purpose of any such determination, except that
for the purpose of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction,
notice, consent or waiver, only Securities which the Trustee knows are so owned shall be so disregarded. Securities so owned which
have been pledged in good faith may be regarded as Outstanding for the purposes of this Section if the pledgee shall establish
to the satisfaction of the Trustee the pledgee's right to vote such Securities and that the pledgee is not a person directly or
indirectly controlling or controlled by or under direct or indirect common control with the Company or any such other obligor.
In the case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection
to the Trustee.

 

Section
8.05.   Revocation of Consents;
Future Securityholders Bound.

 

At any time prior to the taking of any action
by the holders of the percentage in aggregate principal amount of the Securities specified in this Indenture in connection with
such action, any holder of a Security, the identifying number of which is shown by the evidence to be included in the Securities
the holders of which have consented to such action, may, by filing written notice with the Trustee at its office and upon proof
of holding as provided in Section 8.02, revoke such action so far as concerns such Security. Except as aforesaid any such action
taken by the holder of any Security shall be conclusive and binding upon such holder and upon all future holders and owners of
such Security and of any Security issued upon registration of transfer of or in exchange or substitution therefor in respect of
anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, irrespective of whether or not
any notation in regard thereto is made upon such Security. Any action taken by the holders of the percentage in aggregate principal
amount of the Securities specified in this Indenture in connection with such action shall be conclusively binding upon the Company,
the Trustee and the holders of all the Securities.

 

Section
8.06.   Record Date.

 

The Company may, but shall not be obligated
to, set a record date for purposes of determining the identity of holders of Securities of any series entitled to vote or consent
to any action by vote or consent or to otherwise take any action under this Indenture authorized or permitted by Section 6.12 and
Section 6.13 or otherwise under this Indenture. Such record date shall be the later of (i) the date 20 days prior to the first
solicitation of such consent or vote or other action and (ii) the date of the most recent list of holders of such Securities delivered
to the principal corporate trust office of the Trustee pursuant to Section 5.01 prior to such solicitation. If such a record date
is fixed, those persons who were holders of such Securities at the close of business on such record date shall be entitled to vote
or consent or take such other action, or to revoke any such action, whether or not such persons continue to be holders after such
record date, and for that purpose the Outstanding Securities shall be computed as of such record date.

 

Article
9

SECURITYHOLDERS’ MEETINGS

 

Section
9.01.   Purposes of Meeting.

 

A meeting of holders of any or all series
of Securities may be called at any time and from time to time pursuant to the provisions of this Article for any of the following
purposes:

 

(a)                
to give any notice to the Company or to the Trustee, or to give any directions to the Trustee, or to waive any default hereunder
and its consequences, or to take any other action authorized to be taken by securityholders pursuant to any of the provisions of
Article 6;

 

    35

     

    

 

(b)               
to remove the Trustee and appoint a successor trustee pursuant to the provisions of Article 7;

 

(c)                
to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Section 10.02;
or

 

(d)               
to take any other action authorized to be taken by or on behalf of the holders of any specified aggregate principal amount
of the Securities of any or all series, as the case may be, under any other provision of this Indenture or under applicable law.

 

Section
9.02.   Call of Meetings by Trustee.

 

The Trustee may at any time call a meeting
of security-holders of any or all series to take any action specified in Section 9.01, to be held at such time and at such place
in New York, New York or Dallas, Texas as the Trustee shall determine. Notice of every meeting of the securityholders of any or
all series, setting forth the time and place of such meeting and in general terms the action proposed to be taken at such meeting,
shall be given in the manner provided in Section 15.04 not less than 20 nor more than 180 days prior to the date fixed for the
meeting.

 

Section
9.03.   Call of Meetings by Company
or Securityholders.

 

In case at any time the Company, pursuant
to a Board Resolution, or the holders of at least 10% in aggregate principal amount of the Securities of any or all series, as
the case may be, then Outstanding, shall have requested the Trustee to call a meeting of securityholders of any or all series to
take any action authorized in Section 9.01, by written request setting forth in reasonable detail the action proposed to be taken
at the meeting, and the Trustee shall not have provided notice of such meeting in the manner provided in Section 15.04 within 30
days after receipt of such request, then the Company or the holders of such Securities in the amount above specified may determine
the time and the place in New York, New York or Dallas, Texas for such meeting and may call such meeting by giving notice thereof
as provided in Section 9.02.

 

Section
9.04.   Qualifications for Voting.

 

To be entitled to vote at any meeting of securityholders
a person shall be a holder of one or more Securities of such series Outstanding with respect to which a meeting is being held or
a person appointed by an instrument in writing as proxy by such a holder or holders. The only persons who shall be entitled to
be present or to speak at any meeting of the securityholders of any series shall be the persons entitled to vote at such meeting
and their counsel and any representatives of the Trustee and its counsel and any representatives of the Company and its counsel.

 

Section
9.05.   Regulations.

 

Notwithstanding any other provisions of this
Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of securityholders of a series,
in regard to proof of the holding of Securities and of the appointment of proxies, and in regard to the appointment and duties
of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such
other matters concerning the conduct of the meeting as it deems fit. Except as otherwise permitted or required by any such regulations,
the holding of Securities shall be proved in the manner specified in Article 8 and the appointment of any proxy shall be proved
in the manner specified in Article 8 or by having the signature of the person executing the proxy witnessed or guaranteed by any
trust company, bank or banker authorized by Article 8 to certify to the holding of Bearer Securities. Such regulations may provide
that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified
in Article 8 or other proof.

 

The Trustee shall, by an instrument in writing,
appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by securityholders as
provided in Section 9.03, in which case the Company or the securityholders calling the meeting, as the case may be, shall in like
manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of
the holders of a majority in principal amount of the Securities represented at the meeting and entitled to vote.

 

    36

     

    

 

Subject to the provisions of Section 8.01
and Section 8.04, at any meeting each securityholder or proxy shall be entitled to one vote for each $1,000 (or the U.S. Dollar
equivalent thereof in connection with Securities issued in a foreign currency or currency unit) Outstanding principal amount of
Securities of such series held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in
respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman
of the meeting shall have no right to vote except as a securityholder or proxy. Any meeting of securityholders duly called pursuant
to the provisions of Section 9.02 or Section 9.03 may be adjourned from time to time, and the meeting may be reconvened without
further notice.

 

Section
9.06.   Voting.

 

The vote upon any resolution submitted to
any meeting of securityholders shall be by written ballot on which shall be subscribed the signatures of the securityholders or
proxies and on which shall be inscribed the identifying number or numbers or to which shall be attached a list of identifying numbers
of the Securities held or represented by them. The chairman of the meeting shall appoint two inspectors of votes who shall count
all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their
verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting
of securityholders shall be prepared by the secretary of the meeting and there shall be attached to the record the original reports
of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts
setting forth a copy of the notice of the meeting and showing that the notice was mailed as provided in Section 9.02. The record
shall be signed and verified by the chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company
and the other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting.

 

Any record so signed and verified shall be
conclusive evidence of the matters therein stated.

 

Article
10

SUPPLEMENTAL INDENTURES

 

Section
10.01.                       
Supplemental Indentures without Consent of Securityholders.

 

Without the consent of any holders of Securities
or coupons, the Company, when authorized by or pursuant to Board Resolution, and the Trustee may from time to time and at any time
enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as
in force at the date of the execution thereof) for one or more of the following purposes:

 

(a)                
to evidence the succession of another corporation to the Company, or successive successions, pursuant to Article 11 hereof,
and the assumption by the successor corporation of the covenants, agreements and obligations of the Company herein and in the Securities;

 

(b)               
to add to the covenants of the Company such further covenants, restrictions, conditions or provisions as its Board of Directors
shall consider to be for the protection of the holders of Securities, and to make the occurrence, or the occurrence and continuance,
of a default in any of such additional covenants, restrictions, conditions or provisions an Event of Default permitting the enforcement
of all or any of the several remedies provided in this Indenture as herein set forth, with such period of grace, if any, and subject
to such conditions as such supplemental indenture may provide;

 

(c)                
 to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be registrable as
to principal, to change or eliminate any restrictions on the payment of principal of or any premium or interest on Bearer Securities,
to permit Bearer Securities to be issued in exchange for Registered Securities, to permit Bearer Securities to be issued in exchange
for Bearer Securities of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated
form, provided that any such action shall not adversely affect the interests of the holders of Securities of any series or any
related coupons in any material respect;

 

    37

     

    

 

(d)               
to establish any series of Securities and the form or terms of securities of any series as permitted by Section 2.01 and
Section 2.03, including, without limitation, any subordination provisions and any conversion or exchange provisions applicable
to Securities that are convertible into or exchangeable for other securities or property, and any deletions from or additions or
changes to this Indenture in connection therewith (provided that any such deletions, additions and changes shall not be applicable
to any other series of Securities then Outstanding);

 

(e)                
to add any additional Events of Default with respect to all or any series of Securities (as shall be specified in such supplemental
indenture);

 

(f)                 
to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance,
covenant defeasance and/or satisfaction and discharge of any series of Securities pursuant to Article 14, provided
that any such action shall not adversely affect the interests of any holder of a Security of such series or any other Security
in any material respect;

 

(g)               
to make provisions with respect to conversion or exchange rights of holders of Securities of any series;

 

(h)               
in the case of any series of Securities which are convertible into or exchangeable for commodities or for the securities
of the Company to safeguard or provide for the conversion or exchange rights, as the case may be, of such Securities in the event
of any reclassification or change of outstanding securities or any merger, consolidation, statutory share exchange or combination
of the Company with or into another Person or any sale, lease, assignment, transfer, disposition or other conveyance of all or
substantially all of the properties and assets of the Company to any other Person or other similar transactions, if expressly required
by the terms of such series of Securities established pursuant to Section 2.03;

 

(i)                 
to add to, delete from or revise the conditions, limitations or restrictions on issue, authentication and delivery of Securities
of any series;

 

(j)                 
to modify, eliminate or add to the provisions of this Indenture to such extent as shall be necessary to effect the qualification
of this Indenture under the Trust Indenture Act, or under any similar federal statute hereafter enacted, and to add to this Indenture
such other provisions as may be expressly permitted by the Trust Indenture Act, excluding however, the provisions referred to in
Section 316(a)(2) of the Trust Indenture Act or any corresponding provision in any similar federal statute hereafter enacted;

 

(k)               
to modify, eliminate or add to any of the provisions of this Indenture, provided that any such change or elimination (i)
shall become effective only when there is no Security of any series Outstanding and created prior to the execution of such supplemental
indenture that is entitled to the benefit of such provision or (ii) shall not apply to any Security Outstanding;

 

(l)                 
to cure any ambiguity or to correct or supplement any provision contained herein or in any supplemental indenture which
may be defective or inconsistent with any other provisions contained herein or in any supplemental indenture; to convey, transfer,
assign, mortgage or pledge any property to or with the Trustee; or to make such other provisions in regard to matters or questions
arising under this Indenture, provided such other provisions shall not adversely affect in any material respect the interests of
the holders of the Securities or any related coupons, including provisions necessary or desirable to provide for or facilitate
the administration of the trusts hereunder;

 

(m)              
to secure any series of Security;

 

(n)               
to evidence and provide for the acceptance and appointment hereunder by a successor trustee with respect to the Securities
of one or more series and to add or change any provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one trustee, pursuant to Section 7.11; and

 

    38

     

    

 

(o)               
to make any change that does not adversely affect the legal rights under this Indenture of any holder of Securities of any
series issued under this Indenture.

 

The Trustee is hereby authorized to join with
the Company in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations which
may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but
the Trustee shall not be obligated to enter into any such supplemental indenture which adversely affects the Trustee’s own
rights, duties or immunities under this Indenture or otherwise. No supplemental indenture shall be effective as against the Trustee
unless and until the Trustee has duly executed and delivered the same.

 

Section
10.02.                       
Supplemental Indentures with Consent of Holders.

 

With the consent (evidenced as provided in
Section 8.01) of the holders of not less than a majority in aggregate principal amount of the Securities of all series at the time
Outstanding affected by such supplemental indenture (voting as one class), the Company, when authorized by a Board Resolution,
and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform
to the provisions of the Trust Indenture Act as in force at the date of the execution thereof) for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying
in any manner the rights of the holders of the Securities of such series and any related coupons under this Indenture; provided,
that no such supplemental indenture shall (1) extend the fixed maturity of any Securities, or reduce the principal amount thereof
or premium, if any, or reduce the rate or extend the time of payment of interest thereon, without the consent of the holder of
each Security so affected, (2) reduce the aforesaid percentage of Securities, the consent of the holders of which is required for
any such supplemental indenture, without the consent of the holders of all Securities then Outstanding, (3) modify the subordination
provisions in a manner adverse to the holders of such Securities, or (4) modify any of the above provisions.

 

Upon the request of the Company, accompanied
by a copy of a Board Resolution certified by the Secretary or an Assistant Secretary of the Company authorizing the execution of
any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of securityholders as aforesaid,
the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects
the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion,
but shall not be obligated to, enter into such supplemental indenture.

 

It shall not be necessary for the consent
of the securityholders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be
sufficient if such consent shall approve the substance thereof.

 

Promptly after the execution by the Company
and the Trustee of any supplemental indenture pursuant to the provisions of this Article 10, the Company shall provide notice,
in the manner and to the extent provided in Section 15.04, setting forth in general terms the substance of such supplemental indenture,
to all holders of Securities of each series so affected. Any failure of the Company so to provide such notice, or any defect therein,
shall not, however, in any way impair or affect the validity of any such supplemental indenture.

 

Section
10.03.                       
Compliance with Trust Indenture Act; Effect of Supplemental Indentures.

 

Any supplemental indenture executed pursuant
to the provisions of this Article 10 shall comply with the Trust Indenture Act, as then in effect. Upon the execution of any supplemental
indenture pursuant to the provisions of this Article 10 and subject to the provisions in any supplemental indenture relating to
the prospective application of such instrument, this Indenture shall be and be deemed to be modified and amended in accordance
therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee,
the Company and the holders of Securities theretofore or thereafter authenticated and delivered hereunder and of any coupons appertaining
thereto shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments,
and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions
of this Indenture for any and all purposes.

 

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The Trustee, subject to the provisions of
Section 7.01 and Section 7.02, shall be entitled to receive and shall be fully protected in relying upon an Opinion of Counsel
as conclusive evidence that any such supplemental indenture complies with the provisions of this Article 10.

 

Section
10.04.                       
Notation on Securities.

 

Securities of any series authenticated and
delivered after the execution of any supplemental indenture pursuant to the provisions of this Article 10 may bear a notation in
form approved by the Trustee as to any matter provided for in such supplemental indenture. New Securities of any series so modified
as to conform, in the opinion of the Trustee and the Board of Directors, to any modification of this Indenture contained in any
such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered, without charge to the securityholders,
in exchange for the Securities of such series then Outstanding.

 

Article
11

CONSOLIDATION, MERGER, SALE OR CONVEYANCE

 

Section
11.01.                       
Company May Consolidate, etc., on Certain Terms.

 

The Company covenants that it will not merge
into or consolidate with any other corporation or sell or convey all or substantially all of its assets to any person, firm or
corporation, unless (1) either the Company shall be the continuing corporation, or the successor corporation (if other than the
Company) shall be a corporation organized and existing under the laws of the United States of America or a state thereof or the
District of Columbia and such corporation shall expressly assume the due and punctual payment of the principal of (and premium,
if any, on) and any interest on all the Securities, according to their tenor, and the due and punctual performance and observance
of all of the covenants and conditions of this Indenture to be performed by the Company by supplemental indenture satisfactory
to the Trustee, executed and delivered to the Trustee by such corporation, and (2) the Company or such successor corporation, as
the case may be, shall not, immediately after such merger or consolidation, or such sale or conveyance, be in default in the performance
of any such covenant or condition.

 

Section
11.02.                       
Successor Corporation Substituted.

 

In case of any such consolidation, merger,
sale or conveyance and upon any such assumption by the successor corporation, such successor corporation shall succeed to and be
substituted for, and may exercise every right and power of, the Company, with the same effect as if it had been named herein as
the party of the first part. Such successor corporation thereupon may cause to be signed, and may issue either in its own name
or in the name of the Company, any or all of the Securities issuable hereunder which theretofore shall not have been signed by
the Company and delivered to the Trustee; and, upon the order of such successor corporation, instead of the Company, and subject
to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall make available
for delivery any Securities which previously shall have been signed and delivered by the officers of the Company to the Trustee
for authentication, and any Securities which such successor corporation thereafter shall cause to be signed and delivered to the
Trustee for that purpose. All of the Securities so issued shall in all respects have the same legal rank and benefit under this
Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such
Securities had been issued at the date of the execution thereof.

 

In case of any such consolidation, merger,
sale or conveyance such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued
as may be appropriate.

 

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Section
11.03.                       
Opinion of Counsel and Officer’s Certificate to be Given Trustee.

 

The Trustee shall receive an Opinion of Counsel
and Officer’s Certificate as conclusive evidence that any such consolidation, merger, sale or conveyance, and any such assumption,
complies with the provisions of this Article 11 and that all conditions precedent herein provided for relating to such transaction
have been complied with.

 

Article
12

SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS

 

Section
12.01.                       
Discharge of Indenture.

 

If at any time

 

(a)                
the Company shall have delivered to the Trustee for cancellation all Securities of any series theretofore authenticated
and all coupons, if any, appertaining thereto (other than (i) coupons appertaining to Bearer Securities surrendered for exchange
for Registered Securities and maturing after such exchange, whose surrender is not required or has been waived as provided in Section
2.07, (ii) Securities and coupons that have been destroyed, lost or stolen and that have been replaced or paid as provided in Section
2.09, (iii) coupons appertaining to Securities called for redemption and maturing after the relevant redemption date, whose surrender
has been waived as provided in Section 3.03, and (iv) Securities and coupons for whose payment money has theretofore been deposited
in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as
provided in Section 4.03), or

 

(b)               
all such Securities of such series and, in the case of (a)(i) or (a)(ii) above, any coupons appertaining thereto not theretofore
delivered to the Trustee for cancellation (i) shall have become due and payable, or (ii) are by their terms to become due and payable
within one year, or (iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the
giving of notice of redemption, and the Company in the case of (a)(i) or (a)(iii) above shall deposit or cause to be deposited
with the Trustee as trust funds the entire amount (other than moneys repaid by the Trustee or any paying agent to the Company in
accordance with Section 12.04) sufficient to pay at maturity or upon redemption all Securities of such series and coupons not therefore
delivered to the Trustee for cancellation, including principal (and premium, if any) and any interest due or to become due to such
date of maturity or date fixed for redemption, as the case may be, and if in either case the Company shall also pay or cause to
be paid all other sums payable hereunder by the Company with respect to such series,

 

then this Indenture shall cease to be of further
effect with respect to the Securities of such series, and the Trustee, on demand of and at the cost and expense of the Company
and subject to Section 15.05, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with
respect to the Securities of such series. The Company agrees to reimburse the Trustee for any costs or expenses thereafter reasonably
and properly incurred by the Trustee in connection with this Indenture or the Securities of such series. Notwithstanding the satisfaction
and discharge of this Indenture with respect to the Securities of any series or of all series, the obligations of the Company to
the Trustee under Section 7.06 shall survive.

 

The Company will deliver to the Trustee an
Officer’s Certificate and an Opinion of Counsel which together shall state that all conditions precedent herein provided
for relating to the satisfaction and discharge of this Indenture have been complied with.

 

Section
12.02.                       
Deposited Moneys to be Held in Trust by Trustee.

 

Subject to the provisions of the last paragraph
of Section 4.03, all moneys deposited with the Trustee pursuant to Section 12.01 shall be held in trust and applied by it to the
payment, either directly or through any paying agent (including the Company acting as its own paying agent), to the persons entitled
thereto, of all sums due and to become due thereon for principal and interest (and premium, if any) for which payment of such money
has been deposited with the Trustee.

 

Section
12.03.                       
Paying Agent to Repay Moneys Held.

 

In connection with the satisfaction and discharge
of this Indenture with respect to Securities of any series and the payment of all amounts due to the Trustee under Section 7.06,
all moneys with respect to such Securities then held by any paying agent under the provisions of this Indenture shall, upon demand
of the Company, be repaid to it or paid to the Trustee and thereupon such paying agent shall be released from all further liability
with respect to such moneys.

 

    41

     

    

 

Section
12.04.                       
Return of Unclaimed Moneys.

 

Any moneys deposited with or paid to the Trustee
or any paying agent for the payment of the principal of (and premium, if any) or interest on any Security and not applied but remaining
unclaimed for two years after the date upon which such principal (and premium, if any, on) or interest shall have become due and
payable, shall be repaid to the Company by the Trustee or such paying agent on demand, and the holder of such Security shall thereafter,
as an unsecured general creditor, look only to the Company for any payment which such holder may be entitled to collect and all
liability of the Trustee or any paying agent with respect to such moneys shall thereupon cease.

 

Article
13

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

 

Section
13.01.                       
Indenture and Securities Solely Corporate Obligations.

 

No recourse under or upon any obligation,
covenant or agreement contained in this Indenture, or in any Security or coupon, or because of any indebtedness evidenced thereby,
shall be had against any incorporator, or against any past, present or future stockholder, officer or director, as such, of the
Company or of any successor corporation, either directly or through the Company or any successor corporation, under any rule of
law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise,
all such liability being expressly waived and released by the acceptance of the Securities or coupons by the holders thereof and
as part of the consideration for the issue of the Securities.

 

Article
14

DEFEASANCE AND COVENANT DEFEASANCE

 

Section
14.01.                       
Applicability of Article.

 

Unless, as specified pursuant to Section 2.03(b),
provision is made that either or both of (a) defeasance of the Securities of a series under Section 14.02 and (b) covenant defeasance
of the Securities of a series under Section 14.03 shall not apply to the Securities of a series, then the provisions of such Section
14.02 and Section 14.03, together with Section 14.04 and Section 14.05, shall be applicable to the Outstanding Securities of all
series upon compliance with the conditions set forth below in this Article 14.

 

Section
14.02.                       
Defeasance and Discharge.

 

Subject to Section 14.05, the Company may
cause itself to be discharged from its obligations with respect to the Outstanding Securities of any series on and after the date
the conditions precedent set forth below are satisfied but subject to satisfaction of the conditions subsequent set forth below
(hereinafter, “defeasance”). For this purpose, such defeasance means that the Company shall be deemed to have paid
and discharged the entire indebtedness represented by the Outstanding Securities of such series and to have satisfied all its other
obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense
of the Company, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise
terminated or discharged hereunder: (a) the rights of holders of Outstanding Securities of such series to receive, solely from
the trust fund described in Section 14.04 and as more fully set forth in such Section, payments of the principal of and any premium
and interest on such Securities when such payments are due, (b) the Company’s obligations with respect to such Securities
under Section 2.07, Section 2.08, Section 2.09, Section 4.02 and Section 4.03 and such obligations as shall be ancillary thereto,
(c) the rights, powers, trusts, duties, immunities and other provisions in respect of the Trustee hereunder, and (D) this Article
14. Subject to compliance with this Article 14, defeasance with respect to Securities of a series by the Company is permitted under
this Section 14.02 notwithstanding the prior exercise of its rights under Section 14.03 with respect to the Securities of such
series. Following a defeasance, payment of the Securities of such series may not be accelerated because of an Event of Default.

 

    42

     

    

 

Section
14.03.                       
Covenant Defeasance.

 

The Company may cause itself to be released
from its obligations under any Sections applicable to Securities of a series that are determined pursuant to Section 2.03(b) to
be subject to this provision with respect to the Outstanding Securities of such series on and after the date the conditions precedent
set forth below are satisfied but subject to satisfaction of the conditions subsequent set forth below (hereinafter, “covenant
defeasance”). For this purpose, such covenant defeasance means that, with respect to the Outstanding Securities of such series,
the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any
such Section, whether directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any
reference in any such Section to any other provision herein or in any other document, but the remainder of this Indenture and such
Securities shall be unaffected thereby.

 

Section
14.04.                       
Conditions to Defeasance or Covenant Defeasance.

 

The following shall be the conditions precedent
or, as specifically noted below, subsequent to application of either Section 14.02 or Section 14.03 to the Outstanding Securities
of such series:

 

(a)                
The Company shall irrevocably have deposited or caused to be deposited 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, (i) money in an amount, or (ii) U.S. Government Obligations which through the scheduled payment of principal
and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any
payment, money in an amount, or (c) a combination thereof, sufficient, without reinvestment, in the opinion of a nationally recognized
firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge,
and which shall be applied by the Trustee to pay and discharge, (1) the principal of and any premium and interest on the Outstanding
Securities of such series to maturity or redemption, as the case may be, and (2) any mandatory sinking fund payments or analogous
payments applicable to the Outstanding Securities of such series on the due dates thereof. Before such a deposit the Company may
make arrangements satisfactory to the Trustee for the redemption of Securities at a future date or dates in accordance with Article
3 which shall be given effect in applying the foregoing. For this purpose, “U.S. Government Obligations” means securities
that are (x) direct obligations of the United States of America for the payment of which its full faith and credit is pledged or
(y) obligations of a person controlled or supervised by and acting as an agency or instrumentality of the United States of America
the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which,
in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt
issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such U.S. Government obligation
or a specific payment of principal of or interest on any such U.S. Government Obligation held by such custodian for the account
of the holder of such depository receipt, provided that (except as required by law) such custodian is not authorized to make any
deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect
of the U.S. Government Obligation or the specific payment of principal of or interest on the U.S. Government Obligation evidenced
by such depository receipt;

 

(b)               
 No default, or event that after notice or lapse of time, or both, would become a default with respect to the Securities
of such series, shall have happened and be continuing (i) on the date of such deposit or (ii) insofar as Section 6.01(a) and Section
6.01(b) are concerned, at any time during the period ending on the 123rd day after the date of such deposit or, if longer, ending
on the day following the expiration of the longest preference period applicable to the Company in respect of such deposit (it being
understood that the condition in this clause (b) is a condition subsequent and shall not be deemed satisfied until the expiration
of such period);

 

(c)                
Such defeasance or covenant defeasance shall not (i) cause the Trustee for the Securities of such series to have a conflicting
interest as defined in Section 7.08 or for purposes of the Trust Indenture Act with respect to any securities of the Company or
(ii) result in the trust arising from such deposit to constitute, unless it is qualified as, a regulated investment company under
the Investment Company Act of 1940, as amended;

 

    43

     

    

 

(d)               
Such defeasance or covenant defeasance shall 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;

 

(e)                
Such defeasance or covenant defeasance shall not cause any Securities of such series then listed on any registered national
securities exchange under the Exchange Act to be delisted;

 

(f)                 
In the case of a defeasance under Section 14.02, the Company shall have delivered to the Trustee an Opinion of Counsel stating
that (x) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (y) since the
date 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 shall confirm that, the holders of the Outstanding Securities of such series will not recognize income,
gain or loss for federal income tax purposes as a result of such 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 defeasance had not occurred;

 

(g)               
In the case of covenant defeasance under Section 14.03, the Company shall have delivered to the Trustee an Opinion of Counsel
to the effect that the holders of the Outstanding Securities of such series will not recognize income, gain or loss for federal
income tax purposes as a result of such 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 covenant defeasance had not occurred;

 

(h)               
Such defeasance or covenant defeasance shall be effected in compliance with any additional terms, conditions or limitations
which may be imposed on the Company in connection therewith pursuant to Section 2.03(b); and

 

(i)                 
The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
all conditions precedent and subsequent provided for in this Indenture relating to either the defeasance under Section 14.02 or
the covenant defeasance under Section 14.03, as the case may be, have been complied with.

 

Section
14.05.                       
Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions.

 

All money and U.S. Government Obligations
(including the proceeds thereof) deposited with the Trustee pursuant to Section 14.04 in respect of the Outstanding Securities
of such series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this
Indenture, to the payment, either directly or through any paying agent (but not including the Company acting as its own paying
agent) as the Trustee may determine, to the holders of such Securities of all sums due and to become due thereon in respect of
principal and any premium and interest, but such money need not be segregated from other funds except to the extent required by
law.

 

The Company shall pay and indemnify the Trustee
against any tax, fee or other charge imposed on or assessed against the money or U.S. Government Obligations deposited pursuant
to Section 14.04 or the principal and interest received in respect thereof.

 

Anything herein to the contrary notwithstanding,
the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or U.S. Government Obligations
held by it as provided in Section 14.04 which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be
required to be deposited to effect an equivalent defeasance or covenant defeasance, provided that the Trustee shall not be required
to liquidate any U.S. Government Obligations in order to comply with the provisions of this paragraph.

 

    44

     

    

 

Anything herein to the contrary notwithstanding,
if and to the extent the deposited money or U.S. Government Obligations (or the proceeds thereof) either (i) cannot be applied
by the Trustee in accordance with this Section because of a court order or by operation of Article 16 or (ii) are for any reason
insufficient in amount, then the Company’s obligations to pay principal of and any premium and interest on the Securities
of such series shall be reinstated to the extent necessary to cover the deficiency on any due date for payment. In any such case,
the Company's interest in the deposited money and U.S. Government Obligations (and proceeds thereof) shall be reinstated to the
extent the Company’s payment obligations are reinstated.

 

Article
15

MISCELLANEOUS PROVISIONS

 

Section
15.01.                       
Benefits of Indenture Restricted to Parties and Securityholders.

 

Nothing in this Indenture or in the Securities,
expressed or implied, shall give or be construed to give to any person, firm or corporation, other than the parties hereto and
their successors and assigns and the holders of the Securities (and, with respect to the provisions of Article 16, the holders
of Senior Indebtedness), any legal or equitable right, remedy or claim under this Indenture or under any covenant or provision
herein contained, all such covenants and provisions being for the sole benefit of the parties hereto and their successors and assigns
and the holders of the Securities (and, with respect to the provisions of Article 16, the holders of Senior Indebtedness).

 

Section
15.02.                       
Provisions Binding on Company’s Successors.

 

All the covenants, stipulations, promises
and agreements in this Indenture contained by or in behalf of the Company shall bind its successors and assigns, whether so expressed
or not.

 

Section
15.03.                       
Addresses for Notices, etc., to Company and Trustee.

 

Any notice or demand which by any provisions
of this Indenture is required or permitted to be given or served by the Trustee or by the holders of Securities to or on the Company
may be given or served by postage prepaid first class mail addressed (until another address is filed by the Company with the Trustee),
as follows: Veritex Holdings, Inc., 8214 Westchester Drive, Suite 800, Dallas, TX 75225, Attn: Chief Financial Officer, e-mail:
TEarley@veritexbank.com, facsimile: (972) 349-6155). Any notice, direction, request or demand by any securityholder to or upon
the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made in writing at the principal
corporate trust office of the Trustee as set forth in Section 4.02.

 

Section
15.04.                       
Notice to Holders of Securities; Waiver.

 

Except as otherwise expressly provided herein,
where this Indenture provides for notice of holders of Securities of any event,

 

(a)                
such notice shall be sufficiently given to holders of Registered Securities if in writing and mailed, first-class postage
prepaid, to each holder of a Registered Security affected by such event, at the address of such holder as it appears in the Security
Register, not earlier than the earliest date, and not later than the latest date, prescribed for the giving of such notice; and

 

(b)               
such notice shall be sufficiently given to holders of Bearer Securities if published in an Authorized Newspaper in the Borough
of Manhattan, The City of New York and in such other city or cities as may be specified in such Securities on a Business Day at
least twice, the first such publication to be not earlier than the earliest date, and not later than the latest date, prescribed
for the giving of such notice.

 

In case by reason of the suspension of regular
mail service or by reason of any other cause it shall be impracticable to give such notice to holders of Registered Securities
by mail, then such notification as shall be made with the approval of the Trustee shall constitute sufficient notice to such holders
for every purpose hereunder. In any case where notice to holders of Registered Securities is given by mail, neither the failure
to mail such notice, nor any defect in any notice so mailed, to any particular holder of a Registered Security shall affect the
sufficiency of such notice with respect to other holders of Registered Securities or the sufficiency of any notice to holders of
Bearer Securities given as provided herein.

 

    45

     

    

 

In case by reason of the suspension of publication
of any Authorized Newspaper or Authorized Newspapers or by reason of any other cause it shall be impracticable to publish any notice
to holders of Bearer Securities as provided above, then such notification as shall be given with the approval of the Trustee shall
constitute sufficient notice to such holders for every purpose hereunder. Neither the failure to give notice by publication to
holders of Bearer Securities as provided above, nor any defect in any notice so published, shall affect the sufficiency of any
notice to holders of Registered Securities given as provided herein.

 

Where this Indenture provides for notice in
any manner, such notice may be waived in writing by the person entitled to receive such notice, either before or after the event,
and such waiver shall be the equivalent of such notice. Waivers of notice by holders of Securities shall be filed with the Trustee,
but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.

 

Any request, demand, authorization, direction,
notice, consent or waiver required or permitted under this Indenture shall be in the English language, except that any published
notice may be in an official language of the country of publication.

 

Section
15.05.                       
Evidence of Compliance with Conditions Precedent.

 

Upon any application or demand by the Company
to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an Officer’s
Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have
been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any,
have been complied with, except that in the case of any such application or demand as to which the furnishing of such documents
is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate
or opinion need be furnished.

 

Each Officer’s Certificate and Opinion
of Counsel provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant
provided for in this Indenture shall include (1) a statement that the person making such certificate or opinion has read such covenant
or condition; (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or
opinions contained in such certificate or opinion are based; (3) a statement that, in the opinion of such person, he has made such
examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or
condition has been complied with; and (4) a statement as to whether or not, in the opinion of such person, such condition or covenant
has been complied with.

 

Section
15.06.                       
Legal Holidays.

 

In any case where the date of maturity of
interest on or principal of the Securities or the date fixed for redemption of any Securities shall be a Saturday or Sunday or
a legal holiday in New York, New York or Dallas, Texas or in such other place or places as the Company may designate pursuant to
Section 4.02, or a day on which banking institutions in New York, New York or Dallas, Texas or in such other place or places are
authorized by law or required by executive order to close, then payment of interest or principal (and premium, if any) need not
be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the date
of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

 

Section
15.07.                       
 Trust Indenture Act to Control.

 

If and to the extent that any provision of
this Indenture limits, qualifies or conflicts with another provision included in this Indenture which is required to be included
in this Indenture by any of Sections 310 to 317, inclusive, of the Trust Indenture Act, such required provision shall control.

 

    46

     

    

 

Section
15.08.                       
Execution in Counterparts.

 

This Indenture may be executed in any number
of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument.
The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission will constitute effective execution
and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures
of the parties hereto transmitted by facsimile or PDF will be deemed to be their original signatures for all purposes.

 

Section
15.09.                       
Governing Law; Waiver of Jury Trial.

 

This Indenture and each Security shall be
deemed to be a contract made under the laws of the State of New York, and for all purposes shall be governed by and construed in
accordance with the laws of the State of New York.

 

EACH OF THE COMPANY AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

Section
15.10.                       
Severability.

 

In case any provision in this Indenture or
in the Securities 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 Trustee, by its execution of this Indenture,
hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth.

 

Section
15.11.                       
Interpretations.

 

The Table of Contents, Cross-Reference Table
and Headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be
considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

 

This Indenture may not be used to interpret
any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other Person. Any such indenture, loan
or debt agreement may not be used to interpret this Indenture.

 

Section
15.12.                       
SECTION 15.12. U.S.A. Patriot Act.

 

The parties hereto acknowledge that in accordance
with Title III of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
Act of 2001 (the “USA PATRIOT Act”), the Trustee, like all financial institutions and in order to help fight the funding
of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity
that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide
the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the USA PATRIOT Act.

 

Article
16

SUBORDINATION OF SECURITIES

 

Section
16.01.                       
Securities Subordinate to Senior Indebtedness.

 

Except as otherwise provided in a supplemental
indenture or pursuant to Section 2.03, the Company agrees, and each Holder by accepting a Security agrees, that the indebtedness
evidenced by the Securities is subordinated in right of payment, to the extent and in the manner provided in this Article, to the
prior payment in full of all Senior Indebtedness and that the subordination is for the benefit of the holders of Senior Indebtedness.
Notwithstanding the foregoing, if a deposit is made pursuant to Section 14.02 or Section 14.03 with respect to any Securities (and
provided all other conditions set out in Section 14.02 or 14.03, as applicable, shall have been satisfied with respect to such
Securities), then, when the 90th day after such deposit has ended, no money obligations so deposited, and no proceeds thereon,
will be subject to any rights of holders of Senior Indebtedness, including any such rights arising under this Article 16.

 

    47

     

    

 

 

IN WITNESS WHEREOF, VERITEX HOLDINGS, INC.
has caused this Indenture to be signed and acknowledged by its Chief Executive Officer, Chief Financial Officer, President or one
of its Vice Presidents; and UMB Bank, N.A. has caused this Indenture to be signed and acknowledged by one of its Vice Presidents,
all as of the day and year first above written.

 

	 	VERITEX HOLDINGS, INC.
	 	 	 
	 	By:	/s/ C. Malcolm Holland, III  
	 	 	C. Malcolm Holland, III
	 	 	Chairman and Chief Executive Officer
	 	 	 
	 	UMB Bank, N.A., as Trustee
	 	 	 
	 	By:	/s/ Mauri J. Cowen  
	 	 	Mauri J. Cowen
	 	 	Senior Vice President

 

    48

     

    

 

EXHIBIT A

 

[FORM OF CERTIFICATE TO BE GIVEN BY PERSON
ENTITLED TO RECEIVE (1) BEARER SECURITY, (2) SECURITY INITIALLY REPRESENTED BY A TEMPORARY GLOBAL SECURITY OR (3) INTEREST
ON A TEMPORARY GLOBAL SECURITY] CERTIFICATE

 

[Insert title or sufficient description
of Securities]

 

This is to certify that the above-captioned
Securities are being acquired by or on behalf of (or for offer to resell or for resale to), and if this certificate is being delivered
in connection with a payment of interest, were beneficially owned by or on behalf of, (a) a person (other than a financial institution
for purposes of resale during the restricted period) who is not a United States person; or (b) a United States person (other than
a financial institution for purposes of resale during the restricted period) who is (i) a foreign branch of a United States financial
institution or (ii) a United States person acquiring such Securities through the foreign branch of a United States financial institution
and who for purposes of this certification holds such Securities through such financial institution on the date hereof, and, in
the case of either (i) or (ii), such United States financial institution has agreed, for the benefit of the Company, to comply
with the requirements of Section 165(j)(3)(A), (b) or (c) of the Internal Revenue Code of 1986, as from time to time amended, and
the regulations thereunder; or (c) a financial institution for purposes of resale during the restricted period and such financial
institution has not acquired such Securities for purposes of resale directly or indirectly to a United States person or to a person
within the United States or its possessions. If the undersigned is a clearing organization, the undersigned has obtained a similar
certificate from its member organizations on which this certificate is based; provided, that if the undersigned has actual knowledge
that the information contained in such a certificate is false (and, absent documentary evidence that the beneficial owner of such
Security is not a United States person, it will be deemed to have actual knowledge that such certificate is false if it has a United
States address for such beneficial owner, other than a financial institution described above), the undersigned will not deliver
a Security in temporary or definitive bearer form to the person who signed such certificate notwithstanding the delivery of such
certificate to the undersigned.

 

As used herein, “United States person”
means a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the
laws of the United States and an estate or trust the income of which is subject to United States federal income taxation regardless
of its source, “United States” means the United States of America (including the States and the District of Columbia),
 “possessions” of the United States include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island
and Northern Mariana Islands, “restricted period” means the period described in Section 1.163-5(c)(2)(i)(D)(7) of the
Treasury Regulations and “financial institution” means the persons described in Section 1.165-12(c)(1)(v) of the Treasury
Regulations.

 

We undertake to advise you by telex if the
above statement as to beneficial ownership is not correct on the date of delivery of the above-captioned Securities or on the interest
payment date with respect to the above-captioned Securities, as the case may be, as to all of such Securities.

 

We understand that this certificate may be
required in connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced
or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate
or a copy thereof to any interested party in such proceedings.

 

Dated: __________________, 20___

[To be dated on or after

__________________, 20___ (the

date determined as provided in the

Indenture)]

 

	 	
        [Name of Person Entitled to Receive Bearer Security

        or

        Interest]

	 	 
	 	 
	 	(Authorized Signatory)
	 	Name:
	 	Title:Exhibit 4.2

 

Execution Version

 

VERITEX HOLDINGS, INC. 

 

and 

 

UMB BANK, N.A.

 

as Trustee 

 

FIRST SUPPLEMENTAL INDENTURE 

 

Dated as of October 5, 2020

 

to 

 

SUBORDINATED INDENTURE 

 

Dated as of October 5, 2020

 

4.125% Fixed-to-Floating Rate Subordinated
Notes Due 2030

 

     

     

    

 

TABLE OF CONTENTS

 

	Article 1   DEFINITIONS	1
	Section 1.01.   Relation to Base Indenture	1
	Section 1.02.   Definition of Terms	2
	Article 2   ESTABLISHMENT OF THE 2030 SERIES AND GENERAL TERMS AND CONDITIONS OF THE NOTES	11
	Section 2.01.   Establishment of the Series of the Notes and Designation	11
	Section 2.02.   Maturity	12
	Section 2.03.   Form, Payment and Appointment	12
	Section 2.04.   Global Note	13
	Section 2.05.   Interest	13
	Section 2.06.   Subordination	17
	Section 2.07.   Events of Default; Acceleration	22
	Section 2.08.   No Sinking Fund	22
	Section 2.09.   No Conversion or Exchange Rights	22
	Section 2.10.   No Defeasance or Covenant Defeasance	22
	Article 3   REDEMPTION OF THE NOTES	22
	Section 3.01.   Optional Redemption	22
	Section 3.02.   Redemption of Special Events	23
	Section 3.03.   Notice to Trustee	23
	Section 3.04.   Partial Redemption	23
	Section 3.05.   Notice to Holders	23
	Article 4   FORM OF NOTES	25
	Section 4.01.   Form of Notes	25
	Article 5   SUPPLEMENTAL INDENTURES	25
	Section 5.01.   Supplemental Indentures without Consent of Holders	25
	Article 6   IMMUNITY OF STOCKHOLDERS, EMPLOYEES, AGENTS, OFFICERS AND DIRECTORS	25
	Section 6.01.   Indenture and Notes Solely Corporate Obligations	25
	Article 7   MISCELLANEOUS	26
	Section 7.01.   Ratification of Base Indenture	26
	Section 7.02.   Trustee Not Responsible for Recitals	26

 

    i

     

    

 

	Section 7.03.   New York Law To Govern	26
	Section 7.04.   Severability	26
	Section 7.05.   Counterparts	26
	Section 7.06.   Benefits of First Supplemental Indenture	26
	Section 7.07.   Conflict with Base Indenture	26
	Section 7.08.   Provisions of Trust Indenture Act Controlling	27
	Section 7.09.   Successors	27

 

    ii

     

    

 

THIS FIRST SUPPLEMENTAL INDENTURE
(this “First Supplemental Indenture”), dated as of October 5, 2020, between VERITEX HOLDINGS, INC., a corporation
duly organized and existing under the laws of the State of Texas (the “Company”), and UMB BANK, N.A., a national
banking association duly organized and existing under the laws of the United States, as Trustee (the “Trustee”),
under the Base Indenture (as hereinafter defined).

 

RECITALS 

 

WHEREAS, the Company and the Trustee
have heretofore executed and delivered the Subordinated Indenture, dated as of October 5, 2020 (the “Base Indenture”
and, as hereby supplemented and amended, the “Indenture”), providing for the establishment from time to time
of one or more series (each, a “Series”) of securities evidencing indebtedness of the Company (hereinafter called
the “Securities”), and the issuance by the Company from time to time of Securities under the Indenture;

 

WHEREAS, Section 10.01(d) of the
Base Indenture provides that the Company and the Trustee may enter into an indenture supplemental to the Base Indenture to establish
a Series of Securities thereunder and the form and terms, provisions and conditions of Securities of such Series of Securities
as permitted by Section 2.01 and Section 2.03 of the Base Indenture;

 

WHEREAS, pursuant to Section 2.01
of the Base Indenture, the Company desires to establish a new Series of Securities under the Indenture to be known as its “4.125%
Fixed-to-Floating Rate Subordinated Notes Due 2030” (the “2030 Series”) and to establish and set the form
and terms, provisions and conditions of the notes of the 2030 Series (the “Notes”), as provided in this First
Supplemental Indenture and to provide for the initial issuance of Notes of the 2030 Series in the aggregate principal amount of
$125,000,000; and

 

WHEREAS, the Company has requested
that the Trustee execute and deliver this First Supplemental Indenture; and the Company confirms all requirements necessary to
make this First Supplemental Indenture a valid, binding and enforceable instrument in accordance with its terms, and to make the
Notes, when executed by the Company and authenticated and delivered by the Trustee in accordance with this Indenture, the valid,
binding and enforceable obligations of the Company, have been satisfied; and the execution and delivery of this First Supplemental
Indenture has been duly authorized in all respects.

 

NOW, THEREFORE, in consideration
of the covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows:

 

Article
1

DEFINITIONS

 

Section 1.01.     
Relation to Base Indenture. This First Supplemental Indenture constitutes an integral part of, and amends and supplements,
the Base Indenture as set forth herein.

 

    1

     

    

 

Section 1.02.     
Definition of Terms. For all purposes of this First Supplemental Indenture:

 

		(a)	Capitalized terms used herein without definition shall have the meanings set forth in the Base Indenture, provided that if
the definition of a capitalized term defined in this First Supplemental Indenture conflicts with the definition of that capitalized
term in the Base Indenture, the definition of that capitalized term in this First Supplemental Indenture shall control for purposes
of this First Supplemental Indenture and the Notes;

 

		(b)	a term defined anywhere in this First Supplemental Indenture has the same meaning throughout this First Supplemental Indenture;

 

		(c)	the singular includes the plural and vice versa;

 

		(d)	headings are for convenience of reference only and do not affect interpretation;

 

		(e)	unless otherwise specified or unless the context requires otherwise, (i) all references in this First Supplemental Indenture
to Sections refer to the corresponding Sections of this First Supplemental Indenture and (ii) the terms “herein,” “hereof,”
 “hereunder” and any other word of similar import refer to this First Supplemental Indenture; and

 

		(f)	for purposes of this First Supplemental Indenture and the Notes, the following terms have the meanings given to them in this
Section 1.02(f):

 

“2030 Series” shall have the meaning
set forth in the Recitals.

 

“Authenticating Agent” means any
Person authorized by the Trustee pursuant to Section 7.15 of the Base Indenture to act on behalf of the Trustee to authenticate
the Notes.

 

“Base Indenture” shall have the
meaning set forth in the Recitals.

 

“Benchmark” means, initially, Three-Month
Term SOFR; provided that, if the Calculation Agent determines on or prior to the Reference Time for any Floating Rate Interest
Period 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 for such Floating Rate
Interest Period and any subsequent Floating Rate Interest Periods.

 

“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:

 

    2

     

    

 

		(1)	Compounded SOFR;

 

		(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;

 

		(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 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 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, without limitation,
changes to the definition of “Floating Rate Interest Period,” timing and frequency of determining rates with respect
to each Floating Rate Interest Period and making payments of interest, rounding of amounts or tenors, and other administrative
matters) that the Calculation Agent determines may be appropriate to reflect the adoption of such Benchmark Replacement in a manner
substantially consistent with market practice (or, if the Calculation Agent determines 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).

 

    3

     

    

 

“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 the date of the
public statement or publication of information referenced therein and 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.

 

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;

 

    4

     

    

 

		(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.

 

“Business Day” means any day, other
than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions in the City of New York or any
Place of Payment are authorized or required by law, regulation, or executive order to close.

 

“Calculation Agent” means the Person
appointed by the Company prior to the commencement of the Floating Rate Period (which may include the Company or any of its Affiliates)
to act in accordance with Section 2.05. The Company shall initially act as the Calculation Agent.

 

“Company” shall have the meaning
set forth in the Preamble.

 

“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 Dollar-denominated floating rate securities at such
time.

 

For the avoidance of doubt, the calculation of Compounded
SOFR shall exclude the Benchmark Replacement Adjustment and the spread specified herein.

 

    5

     

    

 

“Corresponding Tenor” means (i)
with respect to Term SOFR, three months, and (ii) with respect to a Benchmark Replacement, a tenor (including overnight) having
approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark.

 

“DTC” shall have the meaning set
forth in Section 2.03 hereof.

 

“Existing Company Subordinated Indebtedness”
means the Company’s 8.50% Fixed-to-Floating Rate Subordinated Notes due December 15, 2026 and 4.75% Fixed-to-Floating Rate
Subordinated Notes due November 15, 2029.

 

“Federal Reserve Board” means the
Board of Governors of the Federal Reserve System or any successor regulatory authority with jurisdiction over bank holding companies.

 

“First Supplemental Indenture”
shall have the meaning set forth in the Preamble.

 

“Fixed Rate Interest Payment Date”
shall have the meaning set forth in Section 2.05(a) hereof.

 

“Fixed Rate Period” shall have
the meaning set forth in Section 2.05(a) hereof.

 

“Floating Period Interest Payment Date”
shall have the meaning set forth in Section 2.05(b) hereof.

 

“Floating Rate Interest Period”
means the period from and including the immediately preceding Floating Period Interest Payment Date in respect of which interest
has been paid or duly provided for, to, but excluding, the applicable Floating Period Interest Payment Date or Maturity Date or
Redemption Date, if applicable (except that the first Floating Rate Interest Period will commence on October 15, 2025).

 

“Floating Rate Period” shall have
the meaning set forth in Section 2.05(b) hereof.

 

“FRBNY’s Website” means the
website of the Federal Reserve Bank of New York (the “FRBNY”) at http://www.newyorkfed.org, or any successor
source.

 

“Global Note” shall have the meaning
set forth in Section 2.04 hereof.

 

“Indenture” shall have the meaning
set forth in the Recitals.

 

“Independent Bank Regulatory Counsel”
means a law firm, a member of a law firm or an independent practitioner that is experienced in matters of federal bank holding
company and banking regulatory law, including the laws, rules and guidelines of the Federal Reserve Board relating to regulatory
capital, and shall include any Person who, under the standards of professional conduct then prevailing and applicable to such counsel,
would not have a conflict of interest in representing the Company or the Trustee in connection with providing the legal opinion
contemplated by the definition of the term “Tier 2 Capital Event.”

 

    6

     

    

 

“Independent Tax Counsel” means
a law firm, a member of a law firm or an independent practitioner that is experienced in matters of federal income taxation law,
including the deductibility of interest payments made with respect to corporate debt instruments, and shall include any Person
who, under the standards of professional conduct then prevailing and applicable to such counsel, would not have a conflict of interest
in representing the Company or the Trustee in connection with providing the legal opinion contemplated by the definition of the
term “Tax Event.”

 

“Interest Payment Date” shall have
the meaning set forth in Section 2.05(b) hereof.

 

“Interpolated Benchmark” with respect
to the Benchmark means the rate determined by the Calculation Agent 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 ISDA, as amended or supplemented from time to time, or any successor definitional booklet for interest
rate derivatives published from time to time.

 

“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.

 

“Maturity Date” shall have the
meaning set forth in Section 2.02 hereof.

 

“Notes” shall have the meaning
set forth in the Recitals.

 

“Optional Redemption” shall have
the meaning set forth in Section 3.01 hereof.

 

“Paying Agent” means any Person
authorized by the Company, including the Company, to pay the principal of, or any premium or interest on, the Notes on behalf of
the Company.

 

“Redemption Date” means each date,
if any, on which Notes are redeemed pursuant to the redemption provisions of Section 3.01 or Section 3.02 hereof.

 

    7

     

    

 

“Reference Time”
with respect to any determination of the Benchmark means (i) 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 (ii) 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 Board and/or the FRBNY, or a committee officially endorsed or convened by the Federal
Reserve Board and/or the FRBNY or any successor thereto.

 

“Securities” shall have the meaning
set forth in the Recitals.

 

“Senior Indebtedness” means the
principal of, and premium, if any, and interest, including interest accruing after the commencement of any bankruptcy proceeding
relating to the Company, on, or substantially similar payments the Company makes in respect of the following categories of debt,
whether that debt is outstanding on the date of execution of this First Supplemental Indenture or thereafter incurred, created
or assumed:

 

		(1)	indebtedness evidenced by notes, debentures, or bonds or other securities issued under the provisions of any indenture, fiscal
agency agreement, debenture or note purchase agreement or other agreement, including any senior debt securities that may be offered,
including by means of a base prospectus and one or more prospectus supplements;

 

		(2)	indebtedness for money borrowed or represented by purchase-money obligations, as defined below;

 

		(3)	indebtedness to general creditors;

 

		(4)	obligations as lessee under leases of property whether made as part of a sale and leaseback transaction to which the Company
is a party or otherwise;

 

		(5)	indebtedness, obligations and liabilities of others in respect of which the Company is liable contingently or otherwise to
pay or advance money or property or as guarantor, endorser or otherwise or which the Company has agreed to purchase or otherwise
acquire and indebtedness of partnerships and joint ventures that is included in the Company’s consolidated financial statements;

 

		(6)	reimbursement and other obligations relating to letters of credit, bankers’ acceptances and similar obligations;

 

		(7)	obligations under various hedging arrangements and agreements, including interest rate and currency hedging agreements and
swap and nonswap forward agreements;

 

    8

     

    

 

		(8)	all of the Company’s obligations issued or assumed as the deferred purchase price of property or services, but excluding
trade accounts payable and accrued liabilities arising in the ordinary course of business; and

 

		(9)	deferrals, renewals or extensions of any of the indebtedness or obligations described in the clauses above.

 

However, “Senior Indebtedness” excludes:

 

		(1)	any indebtedness, obligation or liability referred to in the definition of Senior Indebtedness above as to which, in the instrument
creating, governing or evidencing that indebtedness, obligation or liability, it is expressly provided that such indebtedness,
obligation or liability is not senior in right of payment to, is junior in right of payment to, or ranks equally in right of payment
with, other specified types of indebtedness, obligations and liabilities of the Company, which other specified types of indebtedness,
obligations and liabilities of the Company include the Notes;

 

		(2)	any indebtedness, obligation or liability that is subordinated to other of the Company’s indebtedness, obligations or
liabilities to substantially the same extent as or to a greater extent than the Notes are subordinated;

 

		(3)	all obligations to trade creditors created or assumed by the Company in the ordinary course of business; and

 

		(4)	the Notes and any other securities issued pursuant to the Indenture and the Company’s outstanding junior subordinated
debentures and, unless expressly provided in the terms thereof, any of the Company’s indebtedness to the Company’s
subsidiaries.

 

As used above, the term “purchase-money
obligations” means indebtedness, obligations evidenced by a note, debenture, bond or other instrument, whether or not secured
by a lien or other security interest, issued to evidence the obligation to pay or a guarantee of the payment of, and any deferred
obligation for the payment of, the purchase price of property but excluding indebtedness or obligations for which recourse is limited
to the property purchased, issued or assumed as all or a part of the consideration for the acquisition of property or services,
whether by purchase, merger, consolidation or otherwise, but does not include any trade accounts payable.

 

Notwithstanding the foregoing,
if the Federal Reserve Board (or other competent regulatory agency or authority) promulgates any rule or issues any interpretation
that defines general creditor(s), the main purpose of which is to establish criteria for determining whether the subordinated debt
of a bank holding company is to be included in its capital, then the term “general creditors” as used in this definition
of  “Senior Indebtedness” in this First Supplemental Indenture will have the meaning as described in that rule
or interpretation.

 

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“SOFR” means the secured overnight
financing rate published by the FRBNY, as the administrator of the Benchmark (or any successor administrator), on the FRBNY’s
Website.

 

“Tax Event” shall mean the receipt
by the Company of an opinion of Independent Tax Counsel to the effect that:

 

		(1)	an amendment to or change (including any announced prospective amendment or change) in any law, treaty, statute or code, or
any regulation thereunder, of the United States or any of its political subdivisions or taxing authorities;

 

		(2)	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”);

 

		(3)	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;
or

 

		(4)	a threatened challenge asserted in writing in connection with an audit of the Company’s federal income tax returns or
positions or a similar audit of any of its Subsidiaries, or a publicly known threatened challenge asserted in writing against any
other taxpayer that has raised capital through the issuance of securities that are substantially similar to the Notes,

 

in each case, occurring or becoming publicly known
on or after the date of original issuance of the Notes, has resulted in more than an insubstantial increase in the risk that the
interest paid by the Company on the Notes is not, or within 90 days of receipt of such opinion of tax counsel, will not be, deductible
by the Company, in whole or in part, for U.S. federal income tax purposes.

 

“Term SOFR” means the forward-looking
term rate for the applicable Corresponding Tenor 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 any 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 Floating
Rate 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 “Floating
Rate Interest Period,” timing and frequency of determining Three-Month Term SOFR with respect to each Floating Rate Interest
Period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent
determines 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 determines 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).

 

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“Tier 2 Capital Event” shall mean
the receipt by the Company of an opinion of Independent Bank Regulatory Counsel to the effect that, as a result of (a) any amendment
to, or change (including any announced prospective change) in, the laws or any regulations thereunder of the United States or any
rules, guidelines or policies of an applicable regulatory authority for the Company or (b) any official administrative pronouncement
or judicial decision interpreting or applying such laws or regulations, which amendment or change is effective or which pronouncement
or decision is announced on or after the date of original issuance of the Notes, the Notes do not constitute, or within 90 days
of the date of such opinion will not constitute, Tier 2 capital (or its then equivalent if the Company were subject to such capital
requirement) for purposes of capital adequacy guidelines of the Federal Reserve Board (or any successor regulatory authority with
jurisdiction over bank holding companies), as then in effect and applicable to the Company.

 

“Trustee” shall have the meaning
set forth in the Preamble.

 

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

 

Article
2

ESTABLISHMENT OF THE 2030 SERIES AND

GENERAL TERMS AND CONDITIONS OF THE NOTES

 

Section 2.01.     
Establishment of the Series of the Notes and Designation.

 

		(a)	There is hereby authorized and established a Series of Securities designated as the “4.125% Fixed-to-Floating Rate Subordinated
Notes Due 2030,” which Series of Securities is unsecured, subordinated to the Senior Indebtedness of the Company as provided
herein and unlimited in the aggregate principal amount that may be issued. The Notes initially issued pursuant to the terms of
the Indenture shall be in an aggregate principal amount of $125,000,000, which amount shall be set forth in a Company Order pursuant
to Article 2 of the Base Indenture, and the Trustee shall thereupon authenticate and deliver said Notes in accordance with such
Company Order and the Indenture, including Section 2.06 of the Base Indenture. The Securities that are a part of such Series of
Securities shall be in the form and have the terms, provisions and conditions as set forth in the Base Indenture, this First Supplemental
Indenture and the Notes in the form attached hereto as Exhibit A.

 

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		(b)	The Company may, from time to time, without notice to, or the consent of, the holders of the Notes, issue additional Securities
ranking equally with the Notes and identical to the Notes issued on the date hereof in all respects (except for the issue date,
the offering price, the payment of interest accruing prior to the issue date of such additional Securities and the first payment
of interest following the issue date of such additional Securities) in order that such additional Securities may be consolidated
and form a single series with the Notes and have the same terms as to status, redemption or otherwise as the Notes. However, any
additional Securities of the series of which the Notes are a part that are issued and are not fungible with the outstanding Notes
of such series for United States federal income tax purposes will be issued under one or more separate CUSIP numbers and ISIN numbers.
No limit exists on the aggregate principal amount of the additional Securities of this series that the Company may issue in the
future.

 

Section 2.02.     
Maturity. The date upon which the Notes shall become due and payable at final maturity, together with any accrued
and unpaid interest then owing, is October 15, 2030 (the “Maturity Date”).

 

Section 2.03.     
Form, Payment and Appointment. Except as provided in Section 2.07(d) of the Base Indenture, the Notes will be issued
only in book-entry form, will be represented by one or more Global Notes (as defined below) registered in the name of or held by
The Depositary Trust Company (and any successor organization thereto) (“DTC”) or its nominee. Principal or the
Redemption Price, if any, of a Note shall be payable to the Person in whose name that Note is registered on the Maturity Date or
Redemption Date, as the case may be, provided that the Redemption Price, if any, principal of and interest on the Notes represented
by one or more Global Notes (as hereinafter defined) registered in the name of or held by DTC or its nominee will be payable in
immediately available funds to DTC or its nominee, as the case may be, as the registered holder of such Global Notes. The principal
of any certificated Notes will be payable at the Place of Payment set forth below.

 

The Notes shall have such other terms as
are set forth in the form thereof attached hereto as Exhibit A, which is incorporated herein and made a part hereof.

 

The Security Registrar, Authenticating Agent,
and Paying Agent for the Notes shall initially be the Trustee. The Company will appoint a Person to act as the Calculation Agent
as provided under the definition of Calculation Agent and Section 2.05.

 

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The Place of Payment for the Notes shall
be an office or agency of the Company maintained for such purpose, which shall initially be the corporate trust office of the Paying
Agent in Kansas City, Missouri.

 

The Notes will be issued and may be transferred
only in denominations of $1,000 or any amount in excess thereof that is an integral multiple of $1,000. The Company will pay principal
of and interest on the Notes in Dollars.

 

Section 2.04.     
Global Note. The Notes shall be issued initially in the form of one or more fully registered global notes (each such
global note, a “Global Note”) registered in the name of DTC or its nominee and deposited with DTC or its designated
custodian or such other Depositary as any Authorized Officer of the Company may from time to time designate. Unless and until a
Global Note is exchanged for definitive certificated Notes, such Global Note may be transferred, in whole but not in part, and
any payments on the Notes shall be made, only to DTC or a nominee of DTC, or to a successor Depositary selected or approved by
the Company or to a nominee of such successor Depositary as provided in the Indenture.

 

Section 2.05.     
Interest.

 

		(a)	From and including October 5, 2020, to, but excluding, October 15, 2025 (unless redeemed prior to such date pursuant to Section
3.02 hereof) (the “Fixed Rate Period”), the Notes will bear interest at a rate of 4.125% per year. During
the Fixed Rate Period, interest on the Notes will accrue from and including October 5, 2020, and will be payable semiannually
in arrears on April 15 and October 15 of each year during the Fixed Rate Period, commencing on April 15, 2021 (each
such date, a “Fixed Period Interest Payment Date”). The interest payable on the Notes on any Fixed Period Interest
Payment Date will be paid to the holder at the close of business on April 1 or October 1 (whether or not a Business Day) immediately
preceding the Fixed Period Interest Payment Date.

 

		(b)	From and including October 15, 2025, to, but excluding, the Maturity Date (unless redeemed prior to such date pursuant
to Section 3.01 or Section 3.02 hereof) (the “Floating Rate Period”), the Notes will bear interest
at a floating rate per year equal to the Benchmark, plus 399.5 basis points. During the Floating Rate Period, interest on the Notes
will accrue from and including October 15, 2025 and will be payable quarterly in arrears on January 15, April 15, July 15
and October 15 of each year, commencing on January 15, 2026 (each such date, a “Floating Period Interest Payment Date”
and, together with a Fixed Period Interest Payment Date, an “Interest Payment Date”). The interest payable on
the Notes on any Floating Period Interest Payment Date will, except as noted in the immediately succeeding sentence, be paid to
the holder at the close of business on January 1, April 1, July 1 or October 1 (whether or not a Business Day) immediately preceding
the Floating Period Interest Payment Date. However, interest that the Company pays on the Maturity Date will be paid to the Person
to whom the principal will be payable. Notwithstanding the foregoing, if the Benchmark is less than zero, then the Benchmark shall
be deemed to be zero. The Calculation Agent will provide the Company and the Trustee with written notice of the interest rate in
effect on the Notes promptly after the Reference Time (or such other date of determination for the applicable Benchmark).

 

    13

     

    

 

		(c)	During the Fixed Rate Period, interest will be computed on the basis of a 360-day year consisting of twelve 30-day months.
During the Floating Rate Period, interest will be computed on the basis of a 360-day year and the actual number of days elapsed.
Dollar amounts resulting from those calculations will be rounded to the nearest cent, with one-half cent being rounded upward.

 

		(d)	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. If any Fixed Period Interest Payment Date for
the Notes or the date for the payment of principal for the Notes occurring during the Fixed Rate Period falls on a day that is
not a Business Day, the Company will postpone the interest or principal payment to the next succeeding Business Day, but the payments
made on such dates will be treated as being made on the date that the payment was first due and the holders of the Notes will not
be entitled to any further interest, principal or other payments with respect to such postponements. If any Floating Period Interest
Payment Date or the Maturity Date falls on a day that is not a Business Day, the Company will postpone the interest payment or
the payment of principal and interest at the Maturity Date to the next succeeding Business Day (and, with respect to the Maturity
Date, no additional interest will accrue on the amount payable for the period from and after the Maturity Date) unless, with respect
to a Floating Period Interest Payment Date only, such day falls in the next calendar month, in which case the Floating Period Interest
Payment Date will instead be the immediately preceding day that is a Business Day, and interest will accrue to, but excluding,
such Floating Period Interest Payment Date as so adjusted.

 

		(e)	The Company shall appoint a Calculation Agent prior to the commencement of the Floating Rate Period. The Company will act as
the initial Calculation Agent. The calculation of the interest rate for any Floating Rate Interest Period by the Calculation Agent
will (in the absence of manifest error) be conclusive and binding upon the beneficial owners and holders of the Notes, the Company
(if the Company is not also the Calculation Agent) and the Trustee. The Calculation Agent’s determination of any interest
rate, and its calculation of interest payments, for any Floating Rate Interest Period, 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. The Calculation Agent shall
have all the rights, protections and indemnities afforded to the Trustee under the Indenture. 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 Trustee shall not be under any duty to succeed to, assume
or otherwise perform, any 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 under the Indenture.
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. By its acquisition of the Notes, each holder (including, for the avoidance of doubt, each beneficial owner)
acknowledges, accepts, consents to and agrees to be bound by the Company’s and the Calculation Agent’s determination
of the interest rate for each Floating Rate Interest Period, including the Company’s and its determination of any Benchmark
Replacement Conforming Changes, Benchmark Replacement Date, Benchmark Replacement, Benchmark Replacement Adjustment, and Benchmark
Transition Event, including as may occur without any prior notice from the Company or the Calculation Agent and without the need
for the Company or it to obtain any further consent from any holder of the Notes.

 

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		(f)	Effect of Benchmark Transition Event.

 

		(1)	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 Floating Rate Interest Period during the Floating Rate Period, then the Benchmark
Replacement will replace the then-current Benchmark for all purposes relating to the Notes during such Floating Rate Interest Period
and all remaining Floating Rate Interest Periods. 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.

 

		(2)	Notwithstanding anything set forth in Section 2.05(b) 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 2.05(f) will thereafter apply to all determinations
of the Benchmark used to calculate the interest rate on the Notes for each Floating Rate Interest Period.

 

		(3)	The Calculation Agent is expressly authorized to make certain determinations, decisions, and elections under the terms of the
Notes, including with respect to the use of Three-Month Term SOFR as the Benchmark for the Floating Rate Period and under this
Section 2.05(f). Any determination, decision, or election that may be made by the Company or by the Calculation Agent under
the terms of the 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 any selection (A) will be
conclusive and binding on the holders of the Notes, the Company (if the Company is not also the Calculation Agent) 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 in the Indenture, shall become effective without consent from the holders of the Notes or 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 Notes, then the Company will make such determination, decision, or election on the same basis as described above.

 

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		(4)	The Company (or the 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 after
a Benchmark Transition Event.

 

		(5)	The Trustee (including in its capacity as Paying Agent) shall have no (i) responsibility or liability for the (A) Three-Month
Term SOFR Conventions, (B) 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), (C) determination or calculation of a Benchmark Replacement, or (D) determination
of whether a Benchmark Transition Event or Benchmark Replacement Date has occurred, and in each such case under clauses (A) through
(D) 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 (ii) 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 the 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 the 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 rely conclusively on any determination made, and any instruction, notice,
Officer’s Certificate or other instruction or information provided by the Calculation Agent without independent verification,
investigation or inquiry of any kind.

 

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		(6)	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 of the foregoing provisions concerning the calculation of the interest rate and interest payments
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. Furthermore, if the Calculation Agent determines that a
Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the Three-Month Term SOFR at
any time when any of the Notes are outstanding, then the foregoing provisions concerning the calculation of the interest rate and
interest payments during the Floating Rate Period will be modified in accordance with this Section 2.05(f).

 

Section 2.06.     
Subordination.

 

		(a)	The Company, for itself, its successors and assigns, covenants and agrees, and each holder of Notes by the holder’s acceptance
thereof, likewise covenants and agrees, that the payment of the principal of and interest on each and all of the Notes is and will
be expressly subordinated in right of payment to the prior payment in full of all Senior Indebtedness, subject to clause (j)
of this Section 2.06, to the extent and in the manner described in this Section 2.06 and Section 16.01 of the
Base Indenture.

 

		(b)	In the event of the insolvency, bankruptcy, receivership, liquidation or other marshalling of the assets and liabilities of
the Company (subject to the power of a court of competent jurisdiction to make other equitable provision reflecting the rights
conferred upon the Senior Indebtedness and the holders thereof with respect to the Notes and the holders thereof by a lawful plan
of reorganization under applicable bankruptcy law):

 

		(i)	the holders of all Senior Indebtedness shall first be entitled to receive payment in full in accordance with the terms of such
Senior Indebtedness of the principal thereof, premium, if any, and the interest due thereon (including interest accruing subsequent
to the commencement of any proceeding for the bankruptcy or reorganization of the Company under any applicable bankruptcy, insolvency
or similar law now or hereafter in effect) before the holders of the Notes are entitled to receive any payment upon the principal
of or interest on indebtedness evidenced by the Notes;

 

		(ii)	any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to
which the holders of the Notes would be entitled except for the provisions of Section 16.01 of the Base Indenture and this Section
2.06, including 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 Notes, shall be paid by the liquidating trustee or agent or other Person
making such payment or distribution, whether a bankruptcy trustee, a receiver or liquidating trustee or otherwise, directly to
the holders of Senior Indebtedness or their representative or representatives or to the trustee or trustees under any indenture
under which any instruments evidencing any of such Senior Indebtedness may have been issued, in accordance with the priorities
then existing among holders of Senior Indebtedness for payment of the aggregate amounts remaining unpaid on account of the principal,
premium, if any, and interest (including interest accruing subsequent to the commencement of any proceeding for the bankruptcy
or reorganization of the Company under any applicable bankruptcy, insolvency or similar law now or hereafter in effect) on the
Senior Indebtedness held or represented by each, to the extent necessary to make payment in full of all Senior Indebtedness remaining
unpaid, after giving effect to any other concurrent payment or distribution to the holders of such Senior Indebtedness; it being
understood that if the holders of the Notes shall fail to file a proper claim in the form required by any proceeding referred to
in this subparagraph (ii) prior to 30 days before the expiration of the time to file such claim or claims, then the holders
of Senior Indebtedness are hereby authorized to file an appropriate claim or claims for and on behalf of the holders of the Notes,
in the form required in any such proceeding; and

 

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		(iii)	in the event that, notwithstanding the foregoing, any payment or distribution of assets of the Company of any kind or character,
whether in cash, property or securities, including any such payment or distribution that may be payable or deliverable by reason
of the payment of any other indebtedness of the Company being subordinate to the payment of the Notes shall be received by the
Trustee or holders of the Notes before all Senior Indebtedness is paid in full, such payment or distribution shall be paid over
to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making payment of assets
of the Company for all Senior Indebtedness remaining unpaid until all such Senior Indebtedness shall have been paid in full, after
giving effect to any concurrent payment or distribution to the holders of such Senior Indebtedness.

 

Subject to the payment in full of all Senior Indebtedness,
the holders of the Notes shall be subrogated to the rights of the holders of Senior Indebtedness to receive payments or distributions
of cash, property or securities of the Company applicable to the Senior Indebtedness until the principal of and interest on the
Notes shall be paid in full and no such payments or distributions to holders of such Senior Indebtedness to which the holders of
the Notes would be entitled except for the provisions of Section 16.01 of the Base Indenture and this Section 2.06,
of cash, property or securities otherwise distributable to the holders of Senior Indebtedness shall, as between the Company, its
creditors, other than the holders of Senior Indebtedness, and the holders of the Notes, be deemed to be a payment by the Company
to or on account of the Senior Indebtedness. It is understood that the provisions of this Section 2.06 are intended solely
for the purpose of defining the relative rights of the holders of the Notes, on the one hand, and the holders of Senior Indebtedness,
on the other hand, and, in the case of clause (j) of this Section 2.06, the holders of Existing Company Subordinated
Indebtedness. Upon any payment or distribution of assets of the Company referred to in this Section 2.06, the Trustee and
the holders of the Notes shall be entitled to rely upon any order or decree of a court of competent jurisdiction in which such
proceeding for the insolvency, bankruptcy, receivership, liquidation or other marshalling of the assets and liabilities of the
Company is pending or upon a certificate of the liquidating trustee or agent or other Person making any distribution to the Trustee
or to the holders of the Notes for the purpose of ascertaining the Persons entitled to participate in such distribution, the holders
of the Senior Indebtedness and other indebtedness of the Company, the amount hereof or payable thereon, the amount or amounts paid
or distributed thereon and all other facts pertinent thereto or to this Section 2.06. In the absence of any such liquidating
trustee, agent or other Person, the Trustee shall be entitled to rely upon a written notice by a Person representing itself to
be a holder of Senior Indebtedness (or a trustee or representative on behalf of such holder) as evidence that such Person is a
holder of Senior Indebtedness (or is such a trustee or representative). With respect to the holders of Senior Indebtedness, the
Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Section
2.06, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Section
2.06 against the Trustee. The Trustee, however, shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness
by reason of the execution of the Base Indenture, this First Supplemental Indenture, or any other supplemental indenture entered
into pursuant to Section 2.01 or Article 10 of the Base Indenture, and shall not be liable to any such holders if it shall mistakenly
pay over or distribute to or on behalf of holders of the Notes or the Company moneys or assets to which any holders of Senior Indebtedness
shall be entitled by virtue of this Section 2.06.

 

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		(c)	In the event and during the continuation of any default in the payment of principal of, or premium, if any, or interest on,
any Senior Indebtedness, beyond any applicable grace period, or if any event of default with respect to any Senior Indebtedness
shall have occurred and be continuing, or would occur as a result of the payment referred to hereinafter, permitting the holders
of such Senior Indebtedness (or a trustee on behalf of the holders thereof) to accelerate the maturity thereof, then, unless and
until such default or event of default shall have been cured or waived or shall have ceased to exist, no payment or principal of
or interest on the Notes, shall be made by the Company.

 

		(d)	Nothing contained in the Base Indenture, this First Supplemental Indenture, any other supplemental indenture entered into pursuant
to Section 2.01 or Article 10 of the Base Indenture, or in any of the Notes shall: (i) impair, as between the Company, its creditors,
other than the holders of Senior Indebtedness, and holders of the Notes, the obligations of the Company, which are unconditional
and absolute, to make, or prevent the Company from making, at any time except as provided in clauses (b), (c), or
(j) of this Section 2.06, payments of principal of, or interest (including interest accruing subsequent to the commencement
of any proceeding for the bankruptcy or reorganization of the Company under any applicable bankruptcy, insolvency, or similar law
now or hereafter in effect) on, the Notes, as and when the same shall become due and payable in accordance with the terms of the
Notes; (ii) affect the relative rights of the Holders of the Notes and creditors of the Company other than the holders of the Senior
Indebtedness; (iii) except as otherwise expressly provided in the Base Indenture, this First Supplemental Indenture and the Notes
with respect to the limitation on the rights of the Trustee and the holders of Notes, to accelerate the maturity of the Notes and
pursue remedies upon such an acceleration, prevent the holder of any Notes or the Trustee from exercising all remedies otherwise
permitted by applicable law upon default thereunder, subject to the rights, if any, under this Section 2.06 of the holders
of Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of such remedy; or
(iv) prevent the application by the Trustee or any Paying Agent of any moneys deposited with it hereunder to the payment of
or on account of the principal of, or interest on, the Notes or prevent the receipt by the Trustee or any Paying Agent of such
moneys, if, prior to the third Business Day prior to such deposit, the Trustee or such Paying Agent did not have written notice
of any event prohibiting the making of such deposit by the Company.

 

    19

     

    

 

		(e)	Each holder by his acceptance of any Notes authorizes and expressly directs the Trustee on such holder’s behalf to take
such action as may be necessary or appropriate to effectuate the subordination provided in the Indenture, and appoints the Trustee
such holder’s attorney-in-fact for such purposes, including, in the event of any termination, winding up, liquidation or
reorganization of the Company (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an
assignment for the benefit of creditors by the Company, a marshalling of the assets and liabilities of the Company) tending toward
the liquidation of the property and assets of the Company, the filing of a claim for the unpaid balance of the Notes in the form
required in those proceedings.

 

The Company shall give prompt written notice to the
Trustee of any fact known to the Company that would prohibit the Company from making any payment to or by the Trustee in respect
of the Notes pursuant to the provisions of this Section 2.06 or Article 16 of the Base Indenture. The Trustee shall
not be charged with the knowledge of the existence of any default or event of default with respect to any Senior Indebtedness or
of any other facts that would prohibit the making of any payment to or by the Trustee unless and until the Trustee shall have received
notice in writing at its corporate trust office to that effect signed by an Officer of the Company, or by a holder of Senior Indebtedness
or a trustee or agent thereof; and prior to the receipt of any such written notice, the Trustee shall, subject to Article 7 of
the Base Indenture, be entitled to assume that no such facts exist; provided that, if the Trustee shall not have received the notice
provided for in this Section 2.06 at least two Business Days prior to the date upon which, by the terms of the Indenture,
any monies shall become payable for any purpose (including, without limitation, the payment of the principal of or interest on
any Note), then, notwithstanding anything herein to the contrary, the Trustee shall have full power and authority to receive any
monies from the Company and to apply the same to the purpose for which they were received, and shall not be affected by any notice
to the contrary that may be received by it on or after such prior date except for an acceleration of the Notes prior to such application.
The foregoing shall not apply if the Paying Agent is the Company. The Trustee shall be entitled to rely on the delivery to it of
a written notice by a Person representing himself or itself to be a holder of any Senior Indebtedness (or a trustee on behalf of,
or agent of, such holder) to establish that such notice has been given by a holder of such Senior Indebtedness or a trustee or
agent on behalf of any such holder. In the event that the Trustee determines in good faith that any evidence is required with respect
to the right of any Person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Section
2.06 or Article 16 of the Base Indenture, the Trustee may request such Person to furnish evidence to the reasonable satisfaction
of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate
in such payment or distribution and any other facts pertinent to the rights of such Person under this Section 2.06 or Article
16 of the Base Indenture and, if such evidence is not furnished to the Trustee, the Trustee may defer any payment to such Person
pending such evidence being furnished to the Trustee or a judicial determination that such Person has the right to receive such
payment.

 

    20

     

    

 

		(f)	Notwithstanding the provisions of this Section 2.06 or any other provisions of the Indenture, neither the Trustee nor any Paying
Agent shall be charged with knowledge of the existence of any Senior Indebtedness or of any event that would prohibit the making
of any payment or moneys to or by the Trustee or such Paying Agent, unless and until a Responsible Officer of the Trustee or such
Paying Agent shall have received written notice thereof from the Company or from the holder of any Senior Indebtedness or from
the representative of any such holder.

 

		(g)	The Trustee shall be entitled to all of the rights set forth in this Section 2.06 in respect of any Senior Indebtedness
at any time held by it in its individual capacity to the extent set forth in Section 7.04 of the Base Indenture.

 

		(h)	The failure to make a payment pursuant to the Notes by reason of any provision in this Section 2.06 shall not be construed
as preventing the occurrence of a default or any Event of Default.

 

		(i)	Nothing contained in this Section 2.06 shall apply to the claims of, or payments to, the Trustee under or pursuant to
Section 7.06 of the Base Indenture.

 

    21

     

    

 

		(j)	Subject to the provisions of this clause (j) of Section 2.06 and to any provisions established or determined
with respect to Securities of any Series pursuant to Section 2.01 of the Base Indenture, the Notes shall rank pari passu
in right of payment with the Existing Company Subordinated Indebtedness. Upon the occurrence of any of the events specified in
clause (b) of this Section 2.06, the provisions of that clause and the corresponding provisions of each indenture
or other instrument or document establishing or governing the terms of any Existing Company Subordinated Indebtedness shall be
given effect on a pro rata basis to determine the amount of cash, property or securities that may be payable or deliverable as
between the holders of Senior Indebtedness, on the one hand, and the holders of the Notes and holders of Existing Company Subordinated
Indebtedness, on the other hand.

 

		(k)	The subordination provisions in this Section 2.06 or Article 16 of the Base Indenture do not apply to amounts due to
the Trustee pursuant to other sections of the Indenture, including Section 7.06 of the Base Indenture.

 

Section 2.07.     
Events of Default; Acceleration. All of the Events of Default set forth in clauses (a), (b), (c), (d) and (e) of
Section 6.01 of the Base Indenture will apply with respect to the Notes. Notwithstanding the foregoing, because the Company will
treat the Notes 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 Federal Reserve Board as then in effect and applicable to the Company, upon the occurrence
of an Event of Default other than an Event of Default set forth in clause (d) or (e) of Section 6.01 of the Base Indenture, neither
the Trustee nor the holders of the Notes may accelerate the maturity of the Notes and make the principal of, and any accrued and
unpaid interest on, the Notes, immediately due and payable. Solely with respect to the Notes, and not for the purposes of any
other Securities, clause (d) and (e) of Section 6.01 of the Base Indenture shall be replaced in their entirety with the following:

 

“(d)      a court having jurisdiction
in the premises shall enter a decree or order for relief in respect of the Company in an involuntary case under any applicable
bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or similar official) of the Company or for any substantial part of the property of the Company, or ordering
the winding-up or liquidation of its affairs and such decree or order shall remain unstayed and in effect for a period of 60 consecutive
days; or

 

(e)        the
Company shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect,
or shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment
of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or similar official) of the Company
or for any substantial part of the property of the Company, or shall make any general assignment for the benefit of creditors;
or”.

 

Section 2.08.     
No Sinking Fund. The Notes are not entitled to the benefit of any sinking fund.

 

Section 2.09.     
No Conversion or Exchange Rights. The Notes shall not be convertible into or exchangeable for any equity securities,
other securities or other assets of the Company or any Subsidiary of the Company.

 

Section 2.10.     
No Defeasance or Covenant Defeasance. Sections 14.02, 14.03, 14.04 and 14.05 of the Base Indenture shall not be applicable
to the Notes.

 

Article
3

REDEMPTION OF THE NOTES

 

Section 3.01.     
Optional Redemption. The Notes shall not be redeemable prior to October 15, 2025, except as provided in Section
3.02. The Company may redeem the Notes, at its sole option, beginning with the Interest Payment Date of October 15, 2025 and
on any Interest Payment Date thereafter, 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 to, but excluding, the Redemption Date, and any such redemption may be subject
to the satisfaction of one or more conditions precedent set forth in the applicable notice of redemption (an “Optional
Redemption”). No such Optional Redemption of the Notes by the Company prior to the Maturity Date shall be made without
the prior approval of the Federal Reserve Board, to the extent that such approval is then required under the rules of the Federal
Reserve Board. The Notes are not subject to repayment at the option of the holders of Notes.

 

    22

     

    

 

Section 3.02.     
Redemption of Special Events. Other than in the case of an Optional Redemption, the Notes may not be redeemed by
the Company prior to the Maturity Date, except the Company may, at its sole option, redeem the Notes at any time before the Maturity
Date in whole, but not in part, upon or after the occurrence of a Tax Event, a Tier 2 Capital 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.), as amended. Any
such redemption of the Notes will be at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus
accrued and unpaid interest to, but excluding, the Redemption Date, and any such redemption may be subject to the satisfaction
of one or more conditions precedent set forth in the applicable notice of redemption. Notwithstanding
the foregoing, installments of interest on any Notes that are due and payable on Interest Payment Dates falling on or prior to
the applicable Redemption Date will be payable on such Interest Payment Dates to the holders of the Notes at the close of business
on the relevant record dates specified in Sections 2.05(a) and (b) above in accordance with the Notes and this Indenture.
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, to the extent that such approval is then required under the rules of the Federal Reserve Board.

 

Section 3.03.     
Notice to Trustee. If the Company elects to redeem the Notes pursuant to the redemption provisions of Section
3.01 or Section 3.02 of this First Supplemental Indenture, at least 25 days prior to the Redemption Date (unless a shorter
notice shall be agreed to in writing by the Trustee) but not more than 60 days before the Redemption Date, the Company shall furnish
to the Trustee an Officer’s Certificate setting forth (i) the applicable section of this Indenture pursuant to which the
redemption shall occur, (ii) the Redemption Date, (iii) the principal amount of Notes to be redeemed, (iv) the redemption price
and (v) a Board Resolution.

 

Section 3.04.     
Partial Redemption. In the case of a redemption pursuant to Section 3.01, if less than all of the Notes are
to be redeemed, the Trustee shall select the Notes to be redeemed in accordance with the rules of DTC (or, in the case of any certificated
Notes, by lot or in such other manner the Trustee deems fair and appropriate). The Trustee shall promptly notify in writing the
Company of the Notes selected for redemption and, in the case of any Notes selected for partial redemption, the principal amount
thereof to be redeemed. Notes and portions of Notes selected shall be in minimum amounts of $1,000 or integral multiples of $1,000
in excess thereof; no Notes of a principal amount of $1,000 or less shall be redeemed in part, except that if all of the Notes
of a holder are to be redeemed, the entire outstanding amount of Notes held by such holder, even if not equal to $1,000 or an integral
multiple of $1,000 in excess thereof, shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture
that apply to Notes called for redemption also apply to portions of Notes called for redemption.

 

Section 3.05.     
Notice to Holders. In the case of any redemption, at least 15 days but no more than 60 days before the Redemption
Date, the Company shall send in accordance with the applicable procedures of the Depositary, or if the Notes are not then global
Securities the Company shall mail, or cause to be mailed, a notice of redemption by first-class mail to each holder of Notes to
be redeemed at such holder’s registered address appearing on the register. The notice shall identify the Notes to be redeemed
(including the CUSIP and/or ISIN numbers thereof, if any) and shall state:

 

    23

     

    

 

		(a)	the Redemption Date;

 

		(b)	the principal amount of the Notes that are being redeemed;

 

		(c)	each Place of Payment;

 

		(d)	the redemption price and accrued interest to the Redemption Date that is payable pursuant to Section 3.02 of the Base Indenture;

 

		(e)	if fewer than all outstanding Notes are to be redeemed, the portion of the principal amount of such Notes to be redeemed and
that, after the Redemption Date and upon surrender of such Notes, if applicable, a new Note or Notes in principal amount equal
to the unredeemed portion will be issued;

 

		(f)	the name and address of the Paying Agent;

 

		(g)	that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price;

 

		(h)	that unless the Company defaults in making the redemption payment, interest on Notes called for redemption ceases to accrue
on and after the Redemption Date;

 

		(i)	if such notice is conditioned upon the satisfaction of one or more conditions precedent, such conditions precedent;

 

		(j)	the applicable section of this Indenture pursuant to which the Notes called for redemption are being redeemed; and

 

		(k)	that no representation is made as to the correctness or accuracy of the CUSIP and/or ISIN numbers, if any, listed in such notice
or printed on the Notes.

 

The Company may state in the notice of redemption
that payment of the redemption price and performance of its obligations with respect to redemption or purchase may be performed
by another Person.

 

At the Company’s request, the Trustee
shall give the notice of redemption in the Company’s name and at its expense; provided, that the Company shall have delivered
to the Trustee, at least 25 days prior to the Redemption Date, a Company Request requesting that the Trustee give such notice and
attaching a copy of such notice, which shall set forth the information to be stated in such notice as provided in this Article
3. If any condition precedent to a redemption has not been satisfied, the Company will provide written notice to the Trustee
not less than two Business Days prior to the Redemption Date that such condition precedent has not been satisfied, that the notice
of redemption is rescinded or delayed and that the redemption subject to the satisfaction of such condition precedent shall not
occur or shall be delayed (or that such condition precedent is waived and such redemption shall occur or shall be delayed). The
Trustee shall promptly send a copy of such notice to the holders of the Notes.

 

    24

     

    

 

Article
4

FORM OF NOTES

 

Section 4.01.     
Form of Notes. The Notes and the Trustee’s certificate of authentication thereon are to be substantially in
the form attached as Exhibit A hereto, with such changes therein as the officer of the Company executing the Notes (by manual
or facsimile signature) may approve, such approval to be conclusively evidenced by such officer’s execution thereof. To the
extent the terms and conditions of the Notes are not set forth herein, such terms and conditions of the Notes shall be as set forth
in the form attached as Exhibit A hereto.

 

Article
5

SUPPLEMENTAL INDENTURES

 

Section 5.01.     
Supplemental Indentures without Consent of Holders. Solely with respect to the Notes, and not for the purposes of
any other Securities, Section 10.01 of the Base Indenture shall be amended to (i) delete the word “and” at the end
of clause (n) thereof, (ii) replace the period at the end of clause (o) thereof with “; and” and (iii) add a new
clause (p) immediately after clause (o), which shall read as follows:

 

(p) to implement in accordance
with the terms of this Indenture and any supplemental indenture any Three-Month Term SOFR Conventions or any Benchmark Transition
provisions after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred (or in anticipation thereof).

 

Article
6

IMMUNITY OF STOCKHOLDERS, EMPLOYEES, AGENTS, OFFICERS AND DIRECTORS

 

Section 6.01.     
Indenture and Notes Solely Corporate Obligations. Solely with respect to the Notes, and not for the purposes of any
other Securities, Section 13.01 of the Base Indenture shall be replaced in its entirety with the following:

 “No recourse for the payment of the principal of or interest on any Note, for any claim based thereon, or otherwise in respect
thereof, shall be had against any incorporator, shareholder, officer, director, employee or agent, as such, past, present or future,
of the Company or of any successor Person to the Company, 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 First Supplemental Indenture and the issue
of the Notes.”

 

    25

     

    

 

Article
7

MISCELLANEOUS

 

Section 7.01.     
Ratification of Base Indenture. Solely with respect to the Notes, the Base Indenture, as supplemented by this First
Supplemental Indenture, is in all respects ratified and confirmed, and this First Supplemental Indenture shall be deemed part of
the Base Indenture in the manner and to the extent herein and therein provided.

 

Section 7.02.     
Trustee Not Responsible for Recitals. The recitals contained herein and in the Notes, except the Trustee’s
certificates of authentication, shall be taken as statements of the Company and not those of the Trustee, and the Trustee assumes
no responsibility for the correctness thereof. The Trustee makes no representations as to the validity or sufficiency of this First
Supplemental Indenture or of the Notes. The Trustee shall not be accountable for the use or application by the Company of the Notes
or of the proceeds thereof.

 

Section 7.03.     
New York Law To Govern. THIS FIRST SUPPLEMENTAL INDENTURE AND EACH NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER
THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK.

 

Section 7.04.     
Severability. In case any provision in this First Supplemental Indenture or in the 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
by such invalid, illegal or unenforceable provision.

 

Section 7.05.     
Counterparts. This First Supplemental Indenture may be executed in any number of counterparts each of which shall
be an original, but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this
First Supplemental Indenture and of signature pages by facsimile or electronic format (i.e., “.pdf” or “.tif”)
transmission shall constitute effective execution and delivery of this First Supplemental Indenture as to the parties hereto and
may be used in lieu of the original First Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted
by facsimile or electronic format (i.e., “.pdf” or “.tif”) shall be deemed to be their original signatures
for all purposes.

 

Section 7.06.     
Benefits of First Supplemental Indenture. Nothing in this First Supplemental Indenture or in the Notes, express or
implied, shall give to any Person, other than the parties to this First Supplemental Indenture and their successors under this
First Supplemental Indenture and the holders of the Notes from time to time, any benefit or any legal or equitable right, remedy
or claim under this First Supplemental Indenture.

 

Section 7.07.     
Conflict with Base Indenture. If any provision of this First Supplemental Indenture relating to the Notes is inconsistent
with any provision of the Base Indenture, such provision of this First Supplemental Indenture shall control.

 

    26

     

    

 

Section 7.08.     
Provisions of Trust Indenture Act Controlling. This First 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 First Supplemental Indenture limits, qualifies, or conflicts with a provision of the Trust
Indenture Act that is required under the Trust Indenture Act to be a part of and govern this First Supplemental Indenture, the
provision of the Trust Indenture Act shall control.

 

Section 7.09.     
Successors. All agreements of the Company in the Base Indenture, this First Supplemental Indenture and the Notes
shall bind its successors. All agreements of the Trustee in the Base Indenture and this First Supplemental Indenture shall bind
its successors.

 

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK.]

 

    27

     

    

 

IN WITNESS WHEREOF, the parties hereto have
caused this First Supplemental Indenture to be duly executed as of the day and year first written above.

 

	 	VERITEX HOLDINGS, INC.
	 	 	 
	 	By:	/s/ C. Malcolm Holland, III  
	 	 	C. Malcolm Holland, III
	 	 	Chairman and Chief Executive Officer
	 	 
	 	UMB BANK, N.A., as Trustee
	 	 	 
	 	By:	/s/ Mauri J. Cowen  
	 	 	Name: Mauri J. Cowen
	 	 	Title: Senior Vice President

 

[Signature Page to First Supplemental
Indenture]

 

    28

     

    

 

EXHIBIT A

 

[Note: The following legend is to be
placed at the beginning of any Global Note representing Notes.] 

 

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 (AS DEFINED HEREIN) 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 DEPOSITARY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY (AS DEFINED HEREIN) 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 EVIDENCED HEREBY
(1) ARE NOT DEPOSITS WITH OR HELD BY THE COMPANY AND ARE NOT INSURED BY ANY FEDERAL AGENCY, INCLUDING, WITHOUT LIMITATION, THE
FEDERAL DEPOSIT INSURANCE CORPORATION AND (2) ARE SUBORDINATE IN RIGHT OF PAYMENT TO THE SENIOR INDEBTEDNESS (AS DEFINED IN THE
INDENTURE IDENTIFIED HEREIN).

 

VERITEX HOLDINGS, INC. 

4.125% FIXED-TO-FLOATING RATE SUBORDINATED
NOTES DUE 2030

	 	 	 
	No. _	 	CUSIP: 923451AD0
	$	 	ISIN: US923451AD02

 

Veritex Holdings, Inc., a Texas corporation (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 ONE HUNDRED TWENTY-FIVE MILLION DOLLARS (or such other amount
as set forth in the Schedule of Increases or Decreases in the Note attached hereto) on October 15, 2030 (such date, the “Maturity
Date”), unless redeemed prior to such Maturity Date, and to pay interest thereon as set forth below:

 

    A-1

     

    

 

From and including October 5, 2020, to, but excluding, October
15, 2025 (unless redeemed prior to such date pursuant to Section 3.02 of the First Supplemental Indenture (as defined herein))
(the “Fixed Rate Period”), this note (this “Note”) will bear interest at a rate of 4.125%
per year. During the Fixed Rate Period, interest on the Note will accrue from and including October 5, 2020, and will be payable
semiannually in arrears on April 15 and October 15 of each year during the Fixed Rate Period, commencing on April 15, 2021 (each
such date, a “Fixed Period Interest Payment Date”). The interest payable on the Note on any Fixed Period Interest
Payment Date will, except as noted below, be paid to the holder of the Note at the close of business on April 1 or October
1 (whether or not a Business Day) immediately preceding the Fixed Period Interest Payment Date.

 

From and including October 15, 2025, to, but excluding, the
Maturity Date (unless redeemed prior to such date pursuant to Section 3.01 or Section 3.02 of the First Supplemental
Indenture) (the “Floating Rate Period”), this Note will bear interest at a floating rate per year equal to the
Benchmark, plus 399.5 basis points. During the Floating Rate Period, interest on the Note will accrue from and including October
15, 2025 and will be payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing
on January 15, 2026 (each such date, a “Floating Period Interest Payment Date” and, together with a Fixed Period
Interest Payment Date, an “Interest Payment Date”). The interest payable on the Note on any Floating Period
Interest Payment Date will, except as noted below, be paid to the holder of the Note at the close of business on January 1, April
1, July 1 or October 1 (whether or not a Business Day) immediately preceding the Floating Period Interest Payment Date. However,
interest that the Company pays on the Maturity Date will be paid to the Person to whom the principal will be payable. Notwithstanding
the foregoing, if the Benchmark is less than zero, then the Benchmark shall be deemed to be zero.

 

Principal and interest on the Note will be payable by wire transfer
in immediately available funds in Dollars at an office or agency of the Company maintained for such purpose, which shall initially
be the corporate trust office of the Paying Agent in Kansas City, Missouri.

 

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)

 

    A-2

     

    

 

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

 

Dated:

	 	 	 
	 	VERITEX HOLDINGS, INC.
	 	 	 
	 	By:	 
	 	 	C. Malcolm Holland, III
	 	 	Chairman and Chief Executive Officer

 

[Signature Page to Global Note]

 

     

     

    

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

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

 

Dated:

	 	 
	 	UMB BANK, N.A., as Trustee
	 	 	 
	 	By:	 
	 	 	Name: Mauri J. Cowen
	 	 	Title: Senior Vice President

 

[Signature Page to Global Note]

 

     

     

    

 

REVERSE OF NOTE 

 

VERITEX HOLDINGS, INC. 

 

4.125% FIXED-TO-FLOATING RATE SUBORDINATED
NOTES DUE 2030

 

This Note is one of a duly authorized issue of Securities of
the Company of a series designated as the “4.125% Fixed-to-Floating Rate Subordinated Notes Due 2030” (the “Notes”)
initially issued in an aggregate principal amount of $125,000,000 on October 5, 2020. Such series of Securities has been established
pursuant to, and is one of an unsecured indefinite number of series of subordinated debt securities of the Company issued or issuable
under and pursuant to, the Subordinated Indenture (the “Base Indenture”), dated as of October 5, 2020, between
the Company and UMB Bank, N.A., 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 October 5, 2020
(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. This Note shall not be valid until the Trustee manually signs the certificate
of authentication on this Note. 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 the Indenture 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. To the extent any provision of this Note conflicts with
the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling.

 

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
First Supplemental 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 a type that includes the Notes. Each holder by
his acceptance of this Note, agrees to and shall be bound by such provisions of the Indenture and authorizes and expressly directs
the Trustee on such holder’s behalf to take such actions as may be necessary or appropriate to effectuate the subordination
provided in the Indenture.

 

    A-5

     

    

 

During the Fixed Rate Period, interest will be computed on the
basis of a 360-day year consisting of twelve 30-day months. During the Floating Rate Period, interest will be computed on the basis
of a 360-day year and the actual number of days elapsed. Dollar amounts resulting from those calculations will be rounded to the
nearest cent, with one-half cent being rounded upward.

 

If any Fixed Period Interest Payment Date for the Note or the
date for the payment of principal for the Note occurring during the Fixed Rate Period falls on a day that is not a Business Day,
the Company will postpone the interest or principal payment to the next succeeding Business Day, but the payments made on such
dates will be treated as being made on the date that the payment was first due and the holder of the Note will not be entitled
to any further interest, principal or other payments with respect to such postponements. If any Floating Period Interest Payment
Date or the Maturity Date falls on a day that is not a Business Day, the Company will postpone the interest payment or the payment
of principal and interest at the Maturity Date to the next succeeding Business Day (and, with respect to the Maturity Date, no
additional interest will accrue on the amount payable for the period from and after the Maturity Date), unless, with respect to
a Floating Period Interest Payment Date only, such day falls in the next calendar month, in which case the Floating Period Interest
Payment Date will instead be the immediately preceding day that is a Business Day, and interest will accrue to, but excluding,
such Floating Period Interest Payment Date as so adjusted.

 

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 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 any accrued and unpaid interest on the Notes shall only become due and payable in accordance with
the terms and conditions set forth in Article 6 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 or fails to perform any other obligations under the Notes or in the Indenture that are applicable to the Notes.

 

The Notes may be redeemed by the Company as set forth in the
Indenture.

 

The Notes are not entitled to the benefit of any sinking fund.
The Notes shall not be convertible into or exchangeable for any equity securities, other securities or other assets of the Company
or any Subsidiary.

 

Sections 14.02, 14.03, 14.04 and 14.05 of the Base Indenture
shall not be applicable to the Notes.

 

The Notes are issuable and may be transferred only in fully
registered form without coupons, in denominations of $1,000 or any amount in excess thereof that is an integral multiple of $1,000.

 

    A-6

     

    

 

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.

 

[NOTE: THE PROVISIONS BELOW THAT APPEAR IN BRACKETS WILL
BE INSERTED INTO ANY GLOBAL NOTE REPRESENTING NOTES.] [This Security is a global note, represented by one or more permanent global
certificates registered in the name of the nominee of The Depositary 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 Depositary
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
2.07 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. None of the Company, the Trustee or the 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 Paying 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. 

 

Except as provided in Section 2.07 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. 

 

    A-7

     

    

 

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 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.] 

 

UMB Bank, N.A. will act as the Company’s Paying Agent
with respect to the Notes through its offices presently located at UMB Bank, N.A., Attention: Corporate Trust, 1010 Grand Blvd.,
Kansas City, Missouri 64106. 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.

 

Customary abbreviations may be used in the name of a holder
of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants
with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

 

Pursuant to a recommendation promulgated by the Committee on
Uniform Security Identification Procedures, the Company has caused the CUSIP number for the Series of Securities of which the Notes
are a part to be printed on the Notes as a convenience to the holders of the Notes. No representation is made as to the accuracy
of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon.

 

THIS NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE
LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK.

 

    A-8

     

    

 

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 Veritex Holdings, 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.

 

    A-9

     

    

 

SCHEDULE OF INCREASES OR DECREASES IN
NOTE 

 

The initial principal amount of this Note is $ . 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
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 

 

    A-10

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