Document:

EXHIBIT 10.1

 Exhibit 10.1 
 Execution version 
 LOAN PURCHASE AND AGENCY ASSIGNMENT AGREEMENT 
 This Loan Purchase and Agency Assignment Agreement (this “Agreement”) is entered into as of January 30, 2007, by and among Goldman
Sachs Mortgage Company, in its individual capacity (“GSMC”) as a Lender and as Administrative Agent and Collateral Agent (“Prior Agent”) for the Lenders under the Credit Agreement (as defined below), Brookfield
Asset Management Inc. (“BAMI”), The Mills Limited Partnership, a Delaware limited partnership (“Borrower”), the Mills Corporation, a Delaware corporation (“Parent”) and each other Credit Party party
hereto. Defined terms in the Credit Agreement have the same meanings where used herein, unless otherwise defined. 
 RECITALS 
 WHEREAS, Borrower, Parent and certain other Credit Parties party thereto (each of the foregoing, collectively, the “Credit Parties”),
Prior Agent and Lenders have entered into a Credit and Guaranty Agreement dated as of May 19, 2006 (as amended, supplemented, restated or otherwise modified, the “Credit Agreement”); 
 WHEREAS, Prior Agent desires to resign as the Administrative Agent and Collateral Agent and BAMI desires to be appointed as the successor Administrative
Agent and Collateral Agent and the parties hereto consent to such resignation and appointment; and 
 WHEREAS, in connection with that
certain Assignment and Assumption Agreement (as defined below), among GSMC and BAMI, GSMC desires to sell and assign 100% of the outstanding Loans under the Credit Agreement to BAMI. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the parties hereto hereby agree as
follows: 
 1.        Resignation and Appointment. 
 (a)    As of the Effective Date (as defined below), (i) Prior Agent hereby resigns as the Administrative Agent
and the Collateral Agent as provided under Section 9.7 of the Credit Agreement, (ii) the Lenders party hereto hereby waive the 30-day notice requirement referred to in Section 9.7 of the Credit Agreement and appoint BAMI, in its
individual capacity, as the successor Administrative Agent and Collateral Agent (in such capacities, the “Successor Agent”), (iii) in connection with such appointment of Successor Agent, each of the parties hereto
(x) consents to the appointment of BAMI as Successor Agent pursuant to Section 9.7(b) of the Credit Agreement and (y) agrees that notwithstanding anything to the contrary in the definition of “Qualified Replacement Agent” in
Section 1.1 of the Credit Agreement, Brookfield Asset Management Inc. shall be permitted as a Qualified Replacement Agent, and (iv) BAMI hereby accepts such appointment as Successor Agent. Each of the parties hereto agree to execute all
documents necessary or appropriate to evidence the appointment of BAMI as the Successor Agent. The parties hereto hereby confirm that all of the provisions of the Credit Agreement, including, without limitation, Section 9, Section 10.2,
Section 10.3 and Section 10.8, as they pertain to a retiring Agent, shall survive Prior Agent’s resignation hereunder, and inure to the benefit of Prior Agent. Notwithstanding any of the foregoing, BAMI shall not be liable for any
actions taken or omitted to be taken by Prior Agent while it was the Administrative Agent or the Collateral Agent nor for any actions taken or omitted to be taken by Prior Agent pursuant to this Agreement. 
  

 (b)    As of the Effective Date, Prior Agent hereby assigns (without,
except as expressly set forth herein, any representation, warranty or recourse) all Liens and security interests under the Credit Agreement and the other Assigned Credit Documents (as defined below) to BAMI, as Successor Agent. Notwithstanding
anything contained herein or in any other Assigned Credit Document, all of such Liens and security interests shall in all respects be continuing and in effect and are reaffirmed pursuant to the Assigned Credit Documents. 
 (c)    Prior Agent agrees that it shall (i) on the Effective Date, deliver to Successor Agent all original stock
certificates, instruments, promissory notes and other property of Borrower or any of its Subsidiaries held by Prior Agent to the extent such relate to any of the Assigned Credit Documents and (ii) following the Effective Date, furnish, at
Borrower’s expense, additional releases, termination statements and such other documents, instruments and agreements as may be reasonably requested by Successor Agent in order to effect and evidence more fully the matters covered hereby,
including delivery to Successor Agent of assignments of all existing Mortgages (in form and substance reasonably satisfactory to Successor Agent) duly executed by the Prior Agent. Prior Agent authorizes Borrower and the Successor Agent (and their
respective counsel) to prepare and file such UCC financing statements and amendments under the Uniform Commercial Code in the offices and jurisdictions that Successor Agent deems necessary or appropriate to evidence the matters referred to herein.

 2.        Loan Purchase. As of the Effective Date, GSMC (without, except as expressly set
forth herein and in the Assignment and Assumption Agreement, any representation, warranty or recourse) agrees to sell (pursuant to the Assignment and Assumption Agreement) to BAMI, and BAMI agrees to purchase, all of GSMC’s right, title and
interest as Lender in the Loans and related rights and obligations pursuant to the Assigned Credit Documents; provided, that, GSMC shall continue to have full rights pursuant to, and benefits of, Section 10.3 of the Credit Agreement. Such sale
and purchase shall be made in consideration of the Purchase Price as defined and set forth on Schedule 1 hereto, which shall be payable on the Effective Date to GSMC by BAMI, in immediately available funds, to the account of GSMC specified in
Schedule 1 hereto. 
 3.        Assigned Credit Documents. The parties agree that all
rights and obligations respectively assigned to, and assumed by, BAMI, pursuant to this Agreement and the transactions contemplated hereby, shall not include any rights or obligations of GSMC pursuant to the Fee Letter or the Commitment Letter. The
Credit Agreement and the other Credit Documents, excluding the Fee Letter and the Commitment Letter, are referred to herein as the “Assigned Credit Documents”. 
 4.        Representations and Warranties of GSMC and BAMI. 
 (a)    GSMC hereby represents and warrants that it is legally authorized to enter into and has duly executed and
delivered this Agreement. 
 (b)    BAMI hereby represents and warrants that it is legally authorized to
enter into and has duly executed and delivered this Agreement. 
 5.        Representations and
Warranties of Borrower and each Credit Party. Each of Borrower and each Credit Party hereby represents and warrants that: 
 (a)    each Credit Party has the power, and has been duly authorized by all requisite action, to execute and deliver this Agreement and the other documents and agreements 

  

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executed and delivered in connection herewith to which it is a party. This Agreement has been duly executed by each Credit Party and the other documents and
agreements executed and delivered in connection herewith to which any Credit Party is a party have been duly executed and delivered by each Credit Party, as applicable; 
 (b)    this Agreement is the legal, valid and binding obligation of each Credit Party and the other documents and
agreements executed or delivered in connection herewith to which any Credit Party is a party are the legal, valid and binding obligations of each such Credit Party, in each case enforceable against such Credit Party in accordance with their
respective terms, except as such enforceability may be limited by any applicable bankruptcy, reorganization, moratorium or similar laws of general applicability affecting the enforcement of creditors’ rights and subject to general equitable
principles which may limit the right to obtain equitable remedies; and 
 (c)    the execution, delivery
and performance of this Agreement and the other documents and agreements executed and delivered in connection therewith do not and will not (i) violate any law, rule, regulation or court order to which any Credit Party is subject or
(ii) conflict with or result in a breach of the Organizational Documents of any Credit Party or any other agreement or instrument to which it is party or by which the properties of any Credit Party is bound. 
 6.        Conditions Precedent to Effectiveness. The obligations of the parties hereto set forth in
Sections 1 and 2 hereof shall become effective immediately upon the date (the “Effective Date”) when each of the following conditions shall first have been satisfied; provided, that the Effective Date shall (unless otherwise agreed
in writing by GSMC, BAMI and the Borrower) be January 30, 2007: 
 (a)    Each of the parties hereto
shall have executed and delivered this Agreement; 
 (b)    each of BAMI and GSMC shall have executed and
delivered to each other counterparts of an assignment and assumption agreement, in the form attached hereto as Exhibit A (the “Assignment and Assumption Agreement”), for the assignment of 100% of the outstanding Loans under the
Credit Agreement from GSMC to BAMI; 
 (c)    GSMC shall have received agreements, in form and substance
satisfactory to it, from each Person to which it has sold any participation in the Loans, terminating each such participation, executed and delivered by each such participant; 
 (d)    GSMC shall have received a supplement to the Fee Letter, in the form attached hereto as Exhibit B, executed
and delivered by Borrower and Parent (provided, that, to the extent provided in such supplement, the Fee Letter and the Commitment Letter shall terminate following the occurrence of the Effective Date (including payment to GSMC of all amounts set
forth on Schedule 1 hereto)); 
 (e)    the Escrow Agreement, dated as of November 22, 2006, by
and among Borrower, Parent, Meadowlands Mills L.L.C., Meadowlands Mills Limited Partnership and GSMC as escrow Agent, shall have been terminated on terms satisfactory to GSMC; 
 (f)    GSMC shall have received payment in immediately available funds of the following: (i) from BAMI, the
Purchase Price set forth on Schedule 1 hereto, and (ii) from the Borrower, all fees, costs, expenses and other amounts payable pursuant to the Credit 

  

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Documents, set forth on Schedule 1 hereto, in each case to the account specified on Schedule 1 hereto , provided, however, that GSMC agrees that, if it shall
receive payment of the entirety of the foregoing amounts prior to 12:00 noon (Eastern) on January 30, 2007, it shall rebate to BAMI, within one Business Day thereof, a portion of the Purchase Price equal to one day’s interest accruing
under the Credit Agreement on January 30, 2007 with respect to the Loans (excluding from such calculation that portion of the Loans with respect which GSMC has previously sold participations (as referred to in Section 6(c) above)); and

 (g)    GSMC shall have received the Cadillac Amendment (as defined in Section 8) duly executed
and delivered by the parties thereto. 
 7.        Further Assurances. 
 (a)    Without limiting their obligations in any way under any of the Credit Documents, Borrower reaffirms and
acknowledges its obligations to BAMI as Successor Agent with respect to the Credit Agreement and the other Assigned Credit Documents and that the delivery of any agreements, instruments or any other document and any other actions to be taken on or
after the date hereof shall be to the satisfaction of Successor Agent. 
 (b)    Borrower agrees that,
following the Effective Date, it shall promptly, at its own expense, (i) deliver to Successor Agent duly executed copies of third-party notices in form and substance satisfactory to Successor Agent which Successor Agent reasonably considers are
desirable or necessary (including, without limitation, terminations of deposit account control agreements), and (ii) deliver to Successor Agent such other documents and certificates as Successor Agent may reasonably request. 
 (c)    The Credit Parties and Successor Agent agree to use commercially reasonable efforts to cause the Amendment
No. 2 to Deposit Account Control Agreement, in the form attached hereto as Exhibit C (the “Deposit Account Control Agreement Assignment”) (with such changes thereto as Prior Agent may in its discretion approve), duly
executed by the parties thereto and delivered to Prior Agent within two Business Days following the date hereof, and agree that if the foregoing requirement shall not be satisfied by such time, Prior Agent may terminate the Deposit Agreement (as
defined therein) by providing notice to the parties thereto in accordance with the provisions of Section 10(a) of the Deposit Agreement. 
 (d)    Prior Agent agrees that, on the Effective Date, it shall direct all funds on deposit in the Cash Collateral Account to be transferred to the Concentration Account. 
 8.        Waiver re: No Further Negative Pledges. Subject to the occurrence of the Effective Date, each of
the parties hereto consent to the execution and delivery of Amendment No. 1 to Loan Agreement, dated as of January 30, 2007, by and between GSMC as lender and Dover Commons Limited Partnership, Dover Mall Limited Partnership, Northpark
Mall Limited Partnership, White Plains Galleria Limited Partnership and Esplanade Mall Limited Partnership, each as borrower (the “Cadillac Amendment”), by the parties thereto, and agree that, notwithstanding anything to the
contrary in Section 6.4 of the Credit Agreement, the foregoing shall not contravene such Section 6.4 of the Credit Agreement. 
 9.        Release. The Credit Parties hereby represent and warrant, to the best of their knowledge and belief, that there are no liabilities, claims, suits, debts, liens, losses, causes of
action, demands, rights, damages or costs, or expenses of any kind, character or nature whatsoever, known or 

  

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unknown, fixed or contingent (collectively, the “Claims”), which the Credit Parties may have or claim to have against GSMC (including as
Lender and Prior Agent), or its agents, employees, officers, affiliates, directors, representatives, attorneys, successors and assigns (collectively, the “Released Parties”), which might arise out of or be connected with any act of
commission or omission of the Released Parties existing or occurring on or prior to the date hereof arising with respect to the liabilities or obligations under the Credit Documents. In furtherance of the foregoing, except solely in respect of the
undertakings by the Prior Agent and the Lenders described herein, each Credit Party hereby waives, releases, acquits and forever discharges the Released Parties from any and all (i) defenses or offsets of any kind whatsoever which it may have
in connection with the Credit Documents contemplated thereby, and (ii) Claims that it may have or claim to have, in the case of either clause (i) or clause (ii), to the extent relating to or arising out of or in connection with the
liabilities or obligations under the Credit Documents or any other agreement or transaction contemplated thereby or any action taken in connection therewith from the beginning of time up to and including the date of the execution and delivery of
this Agreement. The Credit Parties further agree forever to refrain from commencing, instituting or prosecuting any lawsuit, action or other proceeding against any Released Parties with respect to any and all of the foregoing described Claims.
Nothing in this Section 8 shall be deemed to amend the indemnification provisions set forth in Section 10.3 of the Credit Agreement. 
 10.        Effect of Agreement. The parties hereto acknowledge that (i) the execution and performance of this Agreement and the other documents referenced herein shall constitute an
assignment of the Loans under the Assigned Credit Documents and shall not constitute a repayment or refinancing thereof, and (ii) GSMC shall have no obligation to provide any further financial accommodations to or for the benefit of the
Borrower or its Affiliates pursuant to the Credit Documents. 
 11.        Successors and
Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of Prior Agent, the Lenders and BAMI and shall be binding upon the successors and assigns of Borrower and the other Credit Parties.

 12.        Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed to be an original, but all of which taken together shall be one and the same instrument. 
 13.        Headings. The paragraph headings used in this Agreement are for convenience only and shall not affect the interpretation of any of the provisions hereof. 
 14.        Interpretation. This Agreement is a Credit Document for the purposes of the Credit Agreement.

 15.        Confidentiality. Schedule 1 to this Agreement is exclusively for the information
of the parties hereto and the information therein may not be disclosed to any third party or circulated or referred to publicly without the prior written consent of GSMC and BAMI, except to the extent required by applicable law or legal process.

 16.        APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND BE CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS SET FORTH IN THE CREDIT AGREEMENT. 
 [Signature page follows] 
  

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

			
	GOLDMAN SACHS MORTGAGE COMPANY, individually and as Prior Agent and Lender
		
	By:	 	/s/ Mark J. Buono
		 	 Name: Mark J. Buono
 Title:
  

  

			
	BROOKFIELD ASSET MANAGEMENT INC., individually and as Successor Agent
		
	By:	 	/s/ Joseph Freedman
		 	 Name: Joseph Freedman
 Title:   General
Counsel

  

			
	THE MILLS LIMITED PARTNERSHIP
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  

			
	THE MILLS CORPORATION
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  

			
	MILLSSERVICES CORP.
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

			
	MANAGEMENT ASSOCIATES LIMITED PARTNERSHIP
		
	By:	 	MILLS MANAGEMENT L.L.C., its General Partner
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its Manager
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  

			
	BLOCK 37, L.L.C.
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its Manager
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  

			
	BLOCK 37 OFFICE, L.L.C.
		
	By:	 	MILLSSERVICES CORP., its Manager
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  

			
	108 NORTH STATE STREET II, L.L.C.
		
	By:	 	MILLSSERVICES CORP., its Manager
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

			
	BLOCK 37 RESIDUAL, L.L.C.
		
	By:	 	MILLSSERVICES CORP., its Manager
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title: Executive Vice
President and Chief
               Financial Officer

  

			
	BROWARD MALL INVESTORS, L.P.
		
	By:	 	MILLS HOLDINGS INVESTORS II GP, L.L.C., its General Partner
		
	By:	 	MILLS HOLDINGS II, L.P., its Manager
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its General Partner
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title: Executive Vice
President and Chief
               Financial Officer

  

			
	DOVER COMMONS INVESTORS, L.P.
		
	By:	 	MILLS CF HOLDINGS INVESTORS GP, L.L.C., its General Partner
		
	By:	 	MILLS CF HOLDINGS, L.P., its Manager
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its General Partner
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title: Executive Vice
President and Chief
               Financial Officer

			
	DOVER MALL INVESTORS, L.P.
		
	By:	 	MILLS CF HOLDINGS INVESTORS GP, L.L.C., its General Partner
		
	By:	 	MILLS CF HOLDINGS, L.P., its Manager
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its General Partner
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title: Executive Vice
President and Chief
               Financial Officer

  

			
	MEADOWLANDS MILLS, L.L.C.
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its Manager
		
	By:	 	THE MILLS CORPORATION, its sole General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title: Executive Vice
President and Chief
               Financial Officer

  

			
	KATY MILLS, L.L.C.
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its Manager
		
	By:	 	THE MILLS CORPORATION, its sole General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title: Executive Vice
President and Chief
               Financial Officer

			
	MILLS SUPER-REGIONAL MALLS GP, L.L.C.
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its Manager
		
	By:	 	THE MILLS CORPORATION, its sole General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  
  

			
	MAINSTREET RETAIL LIMITED PARTNERSHIP
		
	By:	 	MILLS MANAGEMENT L.L.C., its General Partner
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its Manager
		
	By:	 	THE MILLS CORPORATION, its sole General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  
  

			
	ESPLANADE MALL INVESTORS, L.P.
		
	By:	 	MILLS CF HOLDINGS INVESTORS GP, L.L.C., its General Partner
		
	By:	 	MILLS CF HOLDINGS, L.P., its Manager
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its General Partner
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

			
	NORTHPARK MALL INVESTORS, L.P.
		
	By:	 	MILLS CF HOLDINGS INVESTORS GP, L.L.C., its General Partner
		
	By:	 	MILLS CF HOLDINGS, L.P., its Manager
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its General Partner
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  
  

			
	WHITE PLAINS GALLERIA INVESTORS, L.P.
		
	By:	 	MILLS CF HOLDINGS INVESTORS GP, L.L.C., its General Partner
		
	By:	 	MILLS CF HOLDINGS, L.P., its Manager
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its General Partner
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  
  

			
	CINCINNATI MILLS, L.L.C.
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its Manager
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

			
	DEL AMO MILLS L.L.C.
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its Manager
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  
  

			
	MILLS GLOBAL II, L.L.C.
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its Manager
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  
  

			
	MILLS ONTARIO ACQUISITIONS, L.L.C.
		
	By:	 	THE MILLS LIMITED PARTNERSHIP, its Manager
		
	By:	 	THE MILLS CORPORATION, its General Partner
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

  
  

			
	VAUGHAN MILLS ADVISORY SERVICES, INC.
		
	By:	 	/s/ Richard J. Nadeau
		 	 Name: Richard J. Nadeau
 Title:   Executive
Vice President and Chief
               Financial Officer

 Schedule 1 
 Purchase Price, Fees and Expenses 

 Exhibit A 
 Assignment and Assumption Agreement 

 Exhibit B 
 Supplement No. 4 to Fee Letter 

 Exhibit C 
 Deposit Account Control Agreement AssignmentTexas United Bancshares, Inc. 1998 Incentive Stock Option Plan

 Exhibit 4.2 
 TEXAS UNITED BANCSHARES, INC. 
 1998 INCENTIVE STOCK OPTION PLAN 
 1. Purpose of the Plan. 
 This incentive
stock option plan (hereinafter called the “Plan”) for Texas United Bancshares, Inc. (hereinafter called the “Company”) is intended to advance the interests of the Company by providing officers and other key employees who have
substantial responsibility for the direction and management of the Company with additional incentive for them to promote the success of the business, to increase their proprietary interest in the success of the Company, and to encourage them to
remain in its employ. The above aims will be effectuated through the granting of stock options. It is intended that options issued under the Plan will qualify as incentive stock options (hereinafter called “ISOs”) under Section 422 of
the Internal Revenue Code of 1986, as amended and the terms of the Plan shall be interpreted with this intention. 
 2. Administration of the
Plan. 
 Subject to the provisions of the Plan, the Board of Directors (the “Board”) shall have plenary authority, in its
discretion: (a) to determine the employees of the Company and its subsidiaries (from among the class of employees eligible under Section 3 to receive options under the Plan) to whom options shall be granted; (b) to determine the time
or times at which options shall be granted; (c) to determine the option price of the shares subject to each option, which price shall not be less than the minimum specified in Section 5; (d) to determine the time or times when each
option shall become exercisable and the duration of the exercise period; and (e) to interpret the Plan and to prescribe, amend, and rescind rules and regulations relating to it. The interpretation and construction of any provision of the Plan
by the Board shall be final and conclusive. The Board shall consult with counsel, who may be counsel to the Company, and shall not incur any liability for any action taken in good faith and reliance upon the advice of counsel. Any action may be
taken by written instrument signed by all the members of the Board. An action so taken shall be fully as effective as if it had been taken by unanimous vote of the Board at a meeting duly called and held. 
  

 3. Eligibility and Limitations on Options 
 Granted Under the Plan. 
 Options will be granted only to persons who are key employees
of the Company or a subsidiary corporation of the Company who perform services of major importance in the management, operation and development of the business of the Company or of any subsidiary of the Company. The term “key employees”
shall include officers, executives, and supervisory personnel, as well as other employees of the Company or a subsidiary corporation of the Company. The term “subsidiary corporation” shall, for the purpose of this Plan be defined in the
same manner as such term is defined in Section 424(f) of the Internal Revenue Code. The Company shall effect the grant of options under the Plan in accordance with the determinations made by the Board pursuant to provisions of the Plan by
execution and delivery of written instruments in a form approved by the Board. 
 4. Shares of Stock Subject to the Plan. 
 There will be reserved for use upon the exercise of options to be granted from time to time under the Plan (subject to the provisions of Section 13)
an aggregate of 45,000 shares of the Common Stock of the Company, $1.00 par value per share (“Company Common Stock”), which shares shall be authorized but unissued shares of the Common Stock. Any shares subject to an option under the Plan,
which option for any reason expires or is terminated unexercised as to such shares, may again be subjected to an option under the Plan. 
 5.
Option Price. 
 The purchase price under each option issued under the Plan shall be determined by the Board at the time the option is
granted, but in no event shall such purchase price be less than 100% of the fair market value of the Company’s Common Stock on the date of grant, said fair market value to be determined in good faith by the Board. 
 6. Dilution or Other Agreement. 
 In the event
that additional shares of Common Stock are issued pursuant to a stock split or a stock dividend, the number of shares of Common Stock then covered by each outstanding option granted hereunder shall be increased proportionately with no increase in
the total purchase price of the shares then so covered, and the number of shares of Common Stock reserved for the purpose of the Plan shall be increased by the same proportion. In the event that the shares of Common Stock of the Company from time to
time issued and outstanding are reduced by a combination of shares, the number of shares of Common Stock then covered by each outstanding option granted hereunder shall be reduced proportionately with no reduction in the total price of the shares
then so covered, and the number of shares 
  

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 of Common Stock reserved for the purposes of the Plan shall be reduced by the same proportion. All such adjustments shall
be made by the Board whose determination upon the same shall be final and binding upon the optionees. No fractional shares shall be issued, and any fractional shares resulting from the computations pursuant to this Section 6 shall be eliminated
from the respective options. No adjustments shall be made for cash dividends or the issuance to stockholders of rights to subscribe for additional Common Stock or other securities. 
 7. Period of Option and Certain Limitations 
 on Right to Exercise. 
 All options issued under the Plan shall be for such a period as the Board shall determine, but for not more than ten (10) years from the date of
grant hereof. The period of the option, once it is granted, may be reduced only as provided for in Section 11 in connection with the termination of employment or death of the optionee. Except as otherwise provided herein, no option may be
exercised unless the optionee is, at the time of such exercise, in the employ of the Company or a subsidiary corporation of the Company and shall have been continuously so employed since the grant of his option. Absence or leave approved by the
management of the Company shall not be considered an interruption of employment for any purpose of the Plan. The exercise of any option shall be contingent upon receipt by the Company of cash or certified bank check to its order in an amount equal
to the full option price of the shares being purchased. In order to facilitate the accumulation of funds to enable employees to exercise their option, they will have the right, if they so elect, to direct the Company or a subsidiary corporation of
the Company to withhold from their compensation regular amounts to be applied to the exercise of the options. Funds credited to the stock option accounts will be under the control of the Company until applied to the payment of the option price at
the direction of the employee or returned to the employee in the event the amount is not used for purchase of shares under option, and all funds received or held by the Company may be used for any corporate purpose, and no interest shall be payable
to the participant on account of any amounts so held. Such amounts may be withdrawn by the employee at any time, in whole or in part, and for any reason. No optionee or his legal representative, legatees, or distributees, as the case may be, shall
be deemed to be a holder of any share subject to an option unless and until certificates for such shares are issued to him or them under the terms of the Plan. No adjustment shall be made for dividends or other rights for which the record date is
prior to the date such stock certificate is issued. In no event may an option be exercised after the expiration of its term. The exercise of an option in any manner shall result in a decrease in the number of shares of Common Stock which thereafter
may be available under the Plan by the number of shares as to which the option is exercised. If an optionee shall die while employed by the Company or within three (3) months after retirement, such option may be exercised (to the extent that
the optionee would have been entitled to do so at the date of his death) by the legatees, 
  

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 personal representative or distributees of the optionee during the balance of the term thereof or within one
(1) year of the date of the optionee’s death, whichever is shorter. Options may be exercised in whole or in part, but only with respect to whole shares of stock. 
 8. Ten-Percent Owners. 
 Notwithstanding the provisions of Sections 2, 5 and 7, above, the following terms
and conditions shall apply to options granted hereunder to a “10-percent owner.” For this purpose, a “10-percent owner” shall mean an optionee who, at the time the option is granted, owns stock possessing more then 10 percent of
the total combined voting power of all classes of stock of the Company or of any subsidiary thereof. With respect to a 10-percent owner: 
  

	 	(a)	the price at which shares of stock may be purchased under an option granted pursuant to this Plan shall be not less than 110 percent of the fair market value thereof, said fair
market value being determined in the manner described at Section 5, above; and 

  

	 	(b)	the period during which any such option may be exercised, to be fixed by the Board in the manner described at Section 7, above, shall expire not later than five (5) years
from the date the option is granted. 

 9. Assignability. 
 Each option granted under this Plan shall be transferable only by will or the laws of descent and distribution and shall be exercisable, during his
lifetime, only by the employee for whom the option is granted. Except as permitted by the preceding sentence, no option granted under the Plan or any of the rights and privileges thereby conferred shall be transferred, assigned, pledged, or
hypothecated in any way (by operation of law or otherwise), and no such option, right, or privilege shall be subject to execution, attachment or similar process. Upon any attempt so to transfer, assign, pledge, hypothecate, or otherwise dispose of
the option, or of any right or privilege conferred thereby, contrary to the provisions hereof, or upon the levy of any attachment or similar process upon such option, right or privilege, the option and such rights and privileges shall immediately
become null and void. 
 10. Annual Limit on Grant and Exercise. 
 Options shall not be granted to any individual pursuant to this Plan, the effect of which would be to permit such person to first exercise options, in
any calendar year, for the purchase of shares having a fair market value in excess of $100,000 (determined at the time of the grant of the options in the manner described at Section 5, above). An optionee 
  

 4 

 hereunder may exercise options for the purchase of shares valued in excess of $100,000 (determined at the time of grant
of the options in the manner described at Section 5, above) in a calendar year, but only if the right to exercise such options shall have first become available in prior calendar years. 
 11. Effect of Termination of Employment. 
 Death or Disability. 
 (a) In the event of the termination of employment of an optionee (otherwise than by death or retirement of the optionee at his Retirement Date, (as
hereinafter defined), by the Company or by any subsidiary corporation of the Company employing the optionee at such time) any option or options granted to him under the Plan to the extent not theretofore exercised shall be deemed canceled and
terminated forthwith, except that, such optionee may exercise any options theretofore granted to him, which have not then expired, and are otherwise exercisable within the provisions of the option, within three (3) months after such
termination. If the employment of an optionee shall be terminated by reason of the optionee’s retirement at his Retirement Date by the Company or by any subsidiary corporation of the Company employing the optionee at such time, the optionee
shall have the right to exercise such option or options by him to the extent that such options have not expired, and at any time within three (3) months after such retirement. The provisions of Section 7 to the contrary notwithstanding,
upon retirement at his Retirement Date all options held by an optionee shall be immediately exercisable in full. The transfer of an optionee from the employ of the Company to a subsidiary corporation of the Company or vice versa, or from one
subsidiary corporation to another, shall not be deemed to constitute a termination of employment for purposes of this Plan. 
 (b) In the
event that an optionee shall die while employed by the Company or by any subsidiary corporation of the Company or shall die within three (3) months after retirement at his Retirement Date (by the Company or by any subsidiary corporation of the
Company), any option or options granted to him under the Plan and not theretofore exercised by him or expired shall be exercisable by the estate of the optionee or by any person who acquired such option by bequest or inheritance from the optionee in
full, at any time within one (1) year after the death of the optionee. References hereinabove to the optionee shall be deemed to include any person entitled to exercise the option after the death of the optionee under the terms of this Section.

 (c) In the event of the termination of employment of an optionee by reason of the optionee’s disability, the optionee shall have the
right to exercise all options held by him, to the extent that options have not previously expired or been exercised any time within one (1) year after such termination. The term “disability” shall, for the purposes of this Plan, be
defined in the same manner as such term is defined in Section 72(m)(7) of the Internal Revenue Code. 
  

 5 

 (d) For the purposes of this Plan, “Retirement Date” shall mean any date an employee is
otherwise entitled to retire under the Company’s retirement plans and shall include normal retirement at age 65, early retirement at age 62, and retirement at age 60 after 30 years of service. 
 12. Expiration and Termination of the Plan. 
 Options may be granted under the Plan at any time or from time to time as long as the total number of shares optioned or purchased under this Plan does not exceed 45,000 shares of Common Stock. The Plan may be abandoned at any time by the
board of directors of the Company except with respect to any options then outstanding under the Plan. No option shall be granted pursuant to the Plan after ten (10) years from the effective date of the Plan. 
 13. Amendment of Plan. 
 The Board may at any
time and from time to time modify and amend the Plan (including such form of option agreement) in any respect; provided, that no such amendment shall: 
  

	 	(a)	increase (except in accordance with Section 6) the maximum number of shares for which options may be granted under the Plan either in the aggregate or to any individual
employee; or 

  

	 	(b)	reduce (except in accordance with Section 6) the minimum option prices which may be established under the Plan; or 

  

	 	(c)	extend the period or periods during which options may be granted or exercised; or 

  

	 	(d)	change the provisions relating to the determination of employees to whom options shall be granted and the number of shares to be covered by such options; or

  

	 	(e)	change the provisions relating to adjustments to be made upon changes in capitalization. The termination or any modification or amendment of the Plan shall not, without the consent
of an employee, affect his rights under an option theretofore granted to him. 

  

 6 

 14. Effective Date of the Plan. 
 This Plan shall become effective on the later of the date of its adoption by the Board or its approval by the vote of the holders of a majority of the
outstanding shares of the Company’s Common Stock. This Plan shall not become effective until such shareholder approval shall be obtained within twelve (12) months before or after the adoption of the Plan by the Board. 
 15. Miscellaneous Provisions 
 (a) The
Company shall be permitted to withhold from any award under this Plan the amount of any withholding taxes required to be withheld by the Company under state or federal law or regulations. 
 (b) The granting of any option under this Plan shall not impose upon the Company any obligation to employ or to continue to employ any optionee and the
right of the Company to terminate the employment of any person shall not be diminished or effected by reason of the fact that the option has been granted to him or her under this Plan. 
 (c) Options under this Plan shall be granted pursuant to a form of Option Agreement substantially in the form of the Stock Option Agreement attached as
Appendix I hereto including the form of Subscription Agreement attached as Exhibit A to such Stock Option Agreement. 
 (d) The Plan shall be
binding upon the Company and its subsidiaries and shall be governed by the law of Texas. 
 (e) No determination made or action taken by the
Board pursuant to this Plan shall be construed as a guarantee by the Board or its members or the Company concerning the tax treatment of any option granted under the Plan. 
  

 7

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