FORM OF DEPOSIT AGREEMENT DEPOSIT AGREEMENT among CULLEN/FROST BANKERS, INC. and COMPUTERSHARE INC., as Depositary, and THE HOLDERS FROM TIME TO TIME OF THE DEPOSITARY RECEIPTS DESCRIBED HEREIN Dated as of November 19, 2020Deposit Agreement • November 19th, 2020 • Cullen/Frost Bankers, Inc. • National commercial banks • New York
DEPOSIT AGREEMENT dated as of November 19, 2020, among (i) Cullen/Frost Bankers, Inc., a Texas corporation, (ii) Computershare Inc., a Delaware corporation, and (iii) the Holders from time to time of the Receipts described herein.
