Amendment No. 2 to Revolving Credit Agreement



 Exhibit 10.2 
 AMENDMENT NO. 2 TO REVOLVING CREDIT AGREEMENT 
 THIS AMENDMENT NO. 2 TO REVOLVING CREDIT AGREEMENT,
dated as of May 11, 2006, amends the Revolving Credit Agreement dated as of November 8, 2005, as amended by Amendment No. 1 to Revolving Credit Agreement dated as of March 28, 2006 (as so amended, the “Credit
Agreement”), between Centennial Bank Holdings, Inc., a Delaware corporation (the “Borrower”), and U.S. Bank National Association (the “Lender”). 
 RECITAL 
 The Borrower and the Lender desire to amend the Credit Agreement as provided below.

 AGREEMENTS 
 In
consideration of the promises and agreements contained in the Credit Agreement, as amended hereby, the Borrower and the Lender agree as follows: 
 1. Definitions and References. Capitalized terms not otherwise defined herein have the meanings ascribed to them in the Credit Agreement. Upon the execution and delivery of this Amendment No. 2 to Revolving Credit Agreement
(“Amendment No. 2”) by the Borrower and the Lender, any reference to the Credit Agreement contained in the Credit Agreement, the Note, the Pledge Agreement or any other document relating thereto means the Credit Agreement as amended
by this Amendment No. 2. 
 2. Amendments to Credit Agreement. 
 (a) Subsection 5.2(c) of the Credit Agreement is amended to read as follows: 
 (c) Certificates. Contemporaneously with the furnishing of a copy of each annual report and of each quarterly statement provided
for in this Section, a certificate dated the date of such annual report or such quarterly statement and signed by either the Chief Executive Officer, the President, the Chief Financial Officer or the Treasurer of Borrower, to the effect that no
Event of Default or Unmatured Event of Default has occurred and is continuing, or, if there is any such event, describing it and the steps, if any, being taken to cure it, and containing (i) a calculation of the loan loss reserve, on a
consolidated basis and with respect to each Subsidiary Bank, and a description of the methodology employed in determining that such loan loss reserve is adequate and (ii) except in the case of the certificate dated the date of the annual
report, a computation of, and 








 
showing compliance with, any financial ratio or restriction contained in this Agreement. 
 (b) Subsection 5.4(e) of the Credit Agreement is amended effective as of March 31, 2006 to read as follows: 
 (e) [Reserved]. 
 3.
Representations and Warranties; No Default. 
 (a) The execution and delivery of this Amendment No. 2 has been
duly authorized by all necessary corporate action on the part of the Borrower and does not violate or result in a default under the Borrower’s Articles of Incorporation or By-Laws, any applicable law or governmental regulation or any material
agreement to which the Borrower is a party or by which it is bound. 
 (b) The representations and warranties of the Borrower
in the Credit Agreement, as amended hereby, are true and correct in all material respects and, after giving effect to the amendments contained herein, no Event of Default or Unmatured Event of Default exists. 
 4. Costs and Expenses. The Borrower agrees to pay to Lender all costs and expenses (including reasonable attorneys’ fees) paid or incurred by
Lender in connection with the negotiation, execution and delivery of this Amendment No. 2. 
 5. Full Force and Effect. The
Credit Agreement, as amended by Amendment No. 2, remains in full force and effect. 
  

			
	 CENTENNIAL BANK HOLDINGS, INC.

		
	 BY
	 	 /s/ Paul Taylor

		 	 Paul Taylor, Chief Financial Officer

	
	 U.S. BANK NATIONAL ASSOCIATION

		
	 BY
	 	 /s/ Timothy P. Franzen

		 	 Timothy P. Franzen, Relationship Manager



  

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