Document:

Exhibit 10.14

 

Consulting
Agreement

 

This Consulting Agreement
(the “Agreement”), dated this 13th day of January 2022, (the “Effective Date”) is by,
between, and among Falconer Family Office Limited, a company incorporated under the laws
of the United Kingdom (hereinafter referred to as the “Consultant”), LNPR Group Inc., a Colorado corporation
(hereinafter referred to as the “Company”), and Paul Falconer, an individual and owner of the Consultant. The Consultant,
the Company, or Mr. Falconer, a “Party”, and, together the “Parties.”

 

Recitals:

 

A.           
The Company desires to engage the Consultant to provide consulting services for the Company.

 

B.           
The Consultant has significant experience and has agreed to provide the services on the terms and conditions set forth in this
Agreement.

 

Now,
therefore, in consideration of the faithful performance of the obligations set forth herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows.

 

1.               
Engagement. The Company hereby engages the Consultant, and the Consultant hereby accepts the engagement, to provide
certain consulting services for the Company subject to and in compliance with the terms and conditions of this Agreement.

 

2.               
Term of Service. The Company hereby retains the Consultant for a period of twelve (12) months beginning as of the Effective
Date, which term shall be automatically renewable upon mutual consent of the parties for additional one-year terms as provided herein,
unless sooner terminated as provided in Section 7 below (the “Term”). The Term and any extension thereof shall be referred
to herein as the “Consulting Period.” Any Services provided hereunder, and any compensation paid prior to the date
this Agreement is executed by the parties, but after the Effective Date, shall be included in this Agreement.

 

3.               
Services to Be Provided. During the Consulting Period the Consultant shall provide the following services to the Company:

 

a.               
Consulting Services. The Consultant will provide those services customarily provided by a consultant, including, but not
limited to, the following (the “Services”):

 

(i)              
Identification of a suitable candidates (the “Target Personnel”) to take the director positions of the Company,
post-reverse merger; and

 

(ii)            
Due diligence of Target Personnel.

 

b.               
Availability. The Consultant shall perform the Services on an as-needed basis as reasonably requested by the Company from
time to time and the Consultant shall make itself reasonably available to perform such Services in a timely manner.

 

c.               
Manner of Services Provided. The Consultant agrees that the Services will be rendered in a “workmanlike manner,”
consistent with the manner of performance by other consultants providing the same or similar services as being rendered hereunder.

 

4.               
Devotion of Time. During the Consulting Period, the Consultant shall expend adequate working time to perform the Services
set forth herein; shall devote its best efforts, energy and skill to the services of the Company; and shall not take part in activities
detrimental to the best interests of the Company. Nothing in this Agreement shall preclude the Consultant during the term of this Agreement
from engaging, directly or indirectly, in any business activity which is not competitive with the then existing business of the Company.

 

5.               
Disclosure of Material Events. The Company shall promptly disclose to the Consultant those events or discoveries which
are known and/or reasonably anticipated that, in the judgment of the Company may have a material impact on the Company and which may have
a material impact on the ability and effectiveness of the Consultant in providing the Services hereunder.

 

 

 

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6.               
Compensation. In consideration for Services provided by the Consultant to the Company, the Company shall provide the
following compensation to the Consultant:

 

a.               
Reimbursable Expenses. The Company agrees to reimburse the Consultant for all direct expenses authorized by the Company
in writing incurred during the Term of this Agreement. The Consultant shall submit invoices for such expenses and shall provide such supporting
information and documentation as the Company may reasonably request in accordance with Company policy and the requirements of the Internal
Revenue Code. The Company shall pay such invoices within thirty (30) days of receipt.

 

b.               
Equity Compensation. On the Effective Date, the Company shall issue to the Consultant One Million Seven Hundred Thousand
(1,700,000) fully-vested shares of the Company’s Common Stock (the “Consultant Shares”) at $0.001 per share directly
to the Consultant and Twenty-Two Million (22,000,000) fully-vested shares of the Company’s Common Stock (the “Falconer
Shares,” and, together with the Consultant Shares, the “Shares”) at $0.001 per share directly to Paul Falconer,
the owner of the Consultant.

 

7.               
Representations of Consultant. The Consultant and Mr. Falconer hereby jointly and severally represent and warrant to
the Company as follows:

 

a.               
Authorization. This Agreement, when executed and delivered by the Consultant and Mr. Falconer, will constitute a valid and
legally binding obligation of the Consultant and Mr. Falconer, enforceable in accordance with its terms, except as limited by applicable
bankruptcy, insolvency, reorganization, moratorium, or other laws of general application relating to or affecting enforcement of creditors’
rights.

 

b.               
Accredited Investor. The Consultant and Mr. Falconer are “accredited investors” as that term is defined in Rule
501(a) of Regulation D promulgated by the SEC

 

c.               
Restricted Securities. The Consultant and Mr. Falconer understand that the Shares have not been and will not be registered
pursuant to the Securities Act of 1933, as amended (the “Securities Act”), or any state securities act, and thus are
“restricted securities” as defined in Rule 144 promulgated by the SEC. Accordingly, the Consultant and Mr. Falconer hereby
acknowledges that he, she, or it is prepared to hold the Shares for an indefinite period.

 

d.               
Investment Purpose. The Consultant and Mr. Falconer acknowledge that the Shares are being purchased for its own account,
for investment, and not with the present view towards the distribution, assignment, or resale to others or fractionalization in whole
or in part. The Consultant and Mr. Falconer further acknowledge that no other person has or will have a direct or indirect beneficial
or pecuniary interest in the Shares.

 

e.               
Limitations on Resale; Restrictive Legend. The Consultant and Mr. Falconer acknowledge that they will not sell, assign,
hypothecate, or otherwise transfer any rights to, or any interest in, the Shares except (i) pursuant to an effective registration statement
under the Securities Act, or (ii) in any other transaction which, in the opinion of counsel acceptable to the Company, is exempt from
registration under the Securities Act, or the rules and regulations of the SEC thereunder. The Consultant and Mr. Falconer also acknowledge
that an appropriate legend will be placed upon each of the certificates representing the Shares stating that they have not been registered
under the Securities Act and setting forth or referring to the restrictions on transferability and sale of the Shares.

 

f.                
Information. The Consultant and Mr. Falconer, or if the Consultant is an entity, thier undersigned representative, have
been furnished (i) with all requested materials relating to the business, finances, management, and operations of the Company; (ii) with
information deemed material to making an informed investment decision; and (iii) with additional requested information necessary to verify
the accuracy of any documents furnished to the Consultant and Mr. Falconer by the Company. Such persons have been afforded the opportunity
to ask questions of the Company and its management and to receive answers concerning the terms and conditions of the sale of the Shares.

 

8.               
Termination and Extension. The Term shall be sooner terminated or further extended under the following circumstances:

 

a.               
Termination for Cause. Either party hereto shall be entitled, with or without prior notice, to terminate this Agreement for cause,
in which case no consulting fees or other compensation (other than such fees that have already been earned by the Consultant) shall be
payable to the Consultant after such termination. “Cause” means either party’s (i) gross negligence in the performance
or non-performance of any material duties hereunder; (ii) commission of any material criminal act or fraud or of any act that affects
adversely the reputation of the Company or the Consultant; (iii) habitual neglect of either party’s duties required to perform under
this Agreement; (iv) dishonesty; or (v) gross misconduct. Such termination shall not prejudice any other remedy under law or equity of
the non-defaulting party and the failure of such party to terminate the Consultant when cause exists shall not constitute the waiver of
that party’s right to terminate this Agreement at a later time. Termination under this Section shall be considered “for cause”
for purposes of this Agreement.

 

 

 

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b.               
Extension of Term. The initial Term may be further extended with the express authorization of the Company’s Board of Directors
and the Consultant. Any extended term may be terminated at any time at the will of the Board of Directors, with or without cause.

 

9.               
Confidential Information. The Consultant recognizes and acknowledges that certain information, including, but not limited
to, information pertaining to the financial condition of the Company, its systems, methods of doing business, agreements with customers
or suppliers, or other aspects of the business of the Company or which are sufficiently secret to derive economic value from not being
disclosed (hereinafter “Confidential Information”) may be made available or otherwise come into the possession of the
Consultant by reason of this engagement with the Company. Accordingly, the Consultant agrees that no agent, employee, or representative
will (either during or after the term of this Agreement) disclose any Confidential Information to any person, firm, corporation, association,
or other entity for any reason or purpose whatsoever or make use to its or their personal advantage or to the advantage of any third party,
of any Confidential Information, without the prior written consent of the Company. The parties hereto agree that the provisions of this
Section shall not apply with respect to any information that the Consultant can document (i) is or becomes (through no improper action
or inaction by the Consultant or any affiliate, agent, consultant or employee) generally available to the public, or (ii) was in its possession
or known by it without any limitation on use or disclosure prior to the Effective Date. The Consultant shall, upon termination of this
engagement, return to the Company, and shall cause his agents, employees, and representatives to return to the Company, all documents
which reflect Confidential Information (including copies thereof). Notwithstanding anything heretofore stated in this paragraph, the Consultant’s
obligations under this Agreement shall not, after termination of Consultant’s engagement with the Company, apply to information
which has become generally available to the public without any action or omission of the Consultant (except that any Confidential Information
which is disclosed to any third party by an employee or representative of the Company who is authorized to make such disclosure shall
be deemed to remain confidential and protectable under this provision).

 

10.            
Trading Practices. So long as the Consultant and Mr. Falconer are in possession of any material non-public information
of the Company, the Consultant and Mr. Falconer shall not, directly or indirectly engage in the purchase or sale the common stock of the
Company. During the Term of this Agreement, and for a period of one (1) year after the termination of this Agreement, the Consultant and
Mr. Falconer shall not, directly or indirectly, engage in any short selling activities of the common stock of the Company.

 

11.            
Independent Contractor. The Consultant agrees that in performing this Agreement, it is acting as an independent contractor
and not as an employee, representative, or agent of the Company and shall provide all facilities and equipment necessary to fulfill its
obligations hereunder. As an independent contractor, the Consultant shall make no representation as an agent or employee of the Company,
shall have no authority to bind the Company or incur other obligations on behalf of the Company, and shall not be eligible for any benefits
which the Company may provide to its employees. Likewise, the Company shall have no authority to bind or incur obligations on behalf of
the Consultant. All persons hired or retained by Consultant to perform this Agreement, including, but not limited to, its employees, representatives,
and agents, shall be employees or contractors of the Consultant and shall not be construed as employees or agents of the Company in any
respect. The Consultant shall be responsible for all taxes, insurance and other costs and payments legally required to be withheld or
provided in connection with Consultant’s performance of this Agreement, including without limitation, all withholding taxes, worker’s
compensation insurance, and similar costs. The Consultant shall abide by all laws, rules, and regulations pertaining to the Services to
be provided hereunder.

 

12.            
Miscellaneous Provisions.

 

a.       Notice.
All notices required or permitted hereunder shall be in writing and shall be deemed effective: (i) upon personal delivery; (ii) in the
case of delivery by mail within the continental United States, on the fourth (4th) business day after such notice or other
communication shall have been deposited in the mail, postage prepaid, return receipt requested; (iii) when sent by either facsimile or
email at the applicable facsimile number or email address set forth below upon confirmation of transmission or receipt of mailing; or
(iv) in the case of delivery by internationally recognized overnight delivery service, when received, addressed as follows:

 

	 	If to the Company to:
	 	 
	 	LNPR Group Inc.
	 	5190 Neil Rd, Ste. 430
	 	Reno, NV 89502
	 	Attn:  Eng Wa Kung, CFO

 

 

 

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	 	If to the Consultant, to:
	 	 
	 	Falconer Family Office Limited
	 	Flat 18
	 	Chaplin House
	 	All Saints Road
	 	LONDON
	 	W3 8BP
	 	Attn: Paul Falconer, CEO

 

or to such other address or addresses as either
party shall designate to the other in writing from time to time by like notice.

 

b.       Attorneys’
Fees. If any legal action or other proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute,
breach, default, or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party or
parties will be entitled to recover reasonable attorneys’ fees and other costs incurred in that action or proceeding, in addition
to any other relief to which it or it may be entitled.

 

c.       Additional
Remedies. The Consultant and Mr. Falconer acknowledge and agree that, in the event it shall violate any of the restrictions of this
Agreement, the Company will be without adequate remedy at law and will therefore be entitled to enforce such restrictions by temporary
or permanent injunctive or mandatory relief obtained in an action or may have at law or in equity, and the Consultant and Mr. Falconer
hereby consent to the jurisdiction of such court for such purpose, provided that reasonable notice of any proceeding is given, it being
understood that such injunction shall be in addition to any remedy which the Company may have at law or otherwise.

 

d.       Entire
Agreement; Modification; Waiver. This Agreement constitutes the entire agreement between or among the Parties pertaining to the subject
matter contained in it and supersedes all prior and contemporaneous agreements, representations, and understandings of the Parties. No
supplement, modification, or amendment of this Agreement will be binding unless executed in writing by all the parties or the applicable
parties to be bound by such amendment. No waiver of any of the provisions of this Agreement will constitute a waiver of any other provision,
whether or not similar, nor will any waiver constitute a continuing waiver. No waiver will be binding unless executed in writing by the
party making the waiver.

 

e.       Survival
of Covenants, Etc. All covenants, representations and warranties made herein shall survive the making of this Agreement and shall
continue in full force and effect for a period of two (2) years from the termination date of this Agreement, at the end of which period
no claim may be made with respect to any such covenant, representation, or warranty unless such claim shall have been asserted in writing
to the indemnifying party during such period.

 

f.       Assignment.
This Agreement, as it relates to the engagement of the Consultant, is a personal contract and the rights and interests of the Consultant
hereunder may not be sold, transferred, assigned, pledged or hypothecated, without the prior written consent of the Company, which consent
may be withheld for any reason.

 

g.       Binding
on Successors. This Agreement will be binding on, and will inure to the benefit of, the Parties to it and their respective successors,
and assigns.

 

h.       Governing
Law and Venue. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Nevada applicable to
contracts made and to be performed in such State, without reference to the choice of law principals thereof, and any and all actions to
enforce the provisions of this Agreement shall be brought in a court of competent jurisdiction in the State of Nevada and in no other
place.

 

i.       Rights
Are Cumulative. The rights and remedies granted to the Parties hereunder shall be in addition to and cumulative of any other rights
or remedies either may have under any document or documents executed in connection herewith or available under applicable law. No delay
or failure on the part of a party in the exercise of any power or right shall operate as a waiver thereof nor as an acquiescence in any
default nor shall any single or partial exercise of any power or right preclude any other or further exercise thereof or the exercise
of any other power or right.

 

 

 

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j.       Severability.
If any provision of this Agreement is held invalid or unenforceable by any court of final jurisdiction, it is the intent of the parties
that all other provisions of this Agreement be construed to remain fully valid, enforceable, and binding on the Parties.

 

k.       Drafting.
This Agreement was drafted with the joint participation of the Parties and/or their legal counsel. Any ambiguity contained in this Agreement
shall not be construed against any party as the draftsman, but this Agreement shall be construed in accordance with its fair meaning.

 

l.       Headings.
The descriptive headings of the various paragraphs or parts of this Agreement are for convenience only and shall not affect the meaning
or construction of any of the provisions hereof.

 

m.       Number
and Gender. Wherever from the context it appears appropriate, each term stated in either the singular or the plural shall include
the singular and the plural, and pronouns stated in either the masculine, the feminine, or the neuter gender shall include the masculine,
feminine, and neuter.

 

n.       Counterparts;
Facsimile Execution. This Agreement may be executed in any number of counterparts and all such counterparts taken together shall be
deemed to constitute one instrument. Delivery of an executed counterpart of this Agreement by facsimile or email shall be equally as effective
as delivery of a manually executed counterpart of this Agreement. Any party delivering an executed counterpart of this Agreement by facsimile
or email also shall deliver a manually executed counterpart of this Agreement, but the failure to deliver a manually executed counterpart
shall not affect the validity, enforceability, or binding effect of this Agreement.

 

o.       Full
Knowledge. By their signatures, the Parties acknowledge that they have carefully read and fully understand the terms and conditions
of this Agreement, that each party has had the benefit of counsel, or has been advised to obtain counsel, and that each party has freely
agreed to be bound by the terms and conditions of this Agreement.

 

[Signature
Page Follows]

 

 

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Signature
Page

 

 

In
Witness Whereof, each of the Parties hereto, thereunto duly authorized, has executed this Agreement the respective day and year
set forth below.

 

	Company:	LNPR Group Inc.
	 	 
	 	 
	 	 
	Date:  January 13, 2022	By: /s/ Eng Wa Kung
	 	       Eng Wa Kung, CFO
	 	 
	 	 
	 	 
	Consultant:	Falconer Family Office Limited
	 	 
	 	 
	 	 
	Date:  January 13, 2022	By: /s/ Paul Falconer
	 	       Paul Falconer, CEO
	 	 
	 	 
	 	 
	Date:  January 13, 2022	By: /s/ Paul Falconer
	 	       Paul Falconer, an individual

 

 

 

    	 	6Document

BAYFIRST FINANCIAL CORP.
AMENDED AND RESTATED
NON-QUALIFIED STOCK PURCHASE PLAN

BayFirst Financial Corp. (the “Company”) believes that it is in the best interest of the Company, its wholly-owned subsidiary, First Home Bank (the “Bank”), and the Company’s shareholders to permit employees and directors of the Company and/or the Bank to apply a portion of their compensation to the purchase of shares of Company common stock (the “Shares”). Accordingly, the Company hereby amends and restates in its entirety, the Non-Qualified Stock Purchase Plan (the “Plan”).

Section 1. Eligible Employees and Eligible Directors. Each employee of the Company or the Bank shall be an “Eligible Employee,” entitled to participate in the Plan. Each director of the Company or the Bank shall be an “Eligible Director,” entitled to participate in the Plan. Each Eligible Employee and Eligible Director who participates in the Plan is referred to herein as a “Participant”.

Section 2. Administration. The Plan shall be administered by the Board of Directors of the Company (the “Board”), which shall have the complete and express authority, subject to the terms of the Plan, to: (i) amend, modify, or discontinue the Plan; (ii) determine and establish the acceptable methods of payment for Shares purchased under the Plan, provided that Shares may be purchased only for cash; (iii) interpret, implement, and administer any and all terms and provisions of the Plan, with advice of counsel or other professionals as may be deemed appropriate, advisable, or otherwise in the best interests of the Company; (iv) adopt, amend, and rescind general and special rules and regulations deemed appropriate, advisable, or otherwise in the best interests of the Company for the administration of the Plan; and (v) take any and all such other actions as may be deemed appropriate, advisable, or otherwise in the best interests of the Company in the creation, modification, amendment, administration, and/or discontinuance of the Plan. The Board may delegate its authority to its Compensation Committee.

Section 3. Participation in the Plan. Each Eligible Employee shall be entitled to enroll and participate in the Plan by providing the Company written Notice of Participation setting forth the payroll deduction requested to be used to purchase Shares under the Plan for each pay period. Each Eligible Director shall be entitled to enroll and participate in the Plan by providing the Company written Notice of Participation setting forth the percentage or amount of such Eligible Director’s Board fees requested to be used to purchase Shares under the Plan. A Participant may terminate his or her participation at any time by providing the Company written Notice of Termination of Participation. Each Participant shall be automatically enrolled in the Company’s Amended and Restated Dividend Reinvestment and Stock Purchase Plan (the “DRIP”), whereby cash dividends on Shares will be reinvested in Shares pursuant to the terms of the DRIP. A Participant may terminate participation in the DRIP by providing written notice to the Company.

Section 4. Participation. Each Eligible Employee may participate in the Plan by authorizing the Company or the Bank, as applicable, to make specified regular post-withholding payroll deductions from the Participant’s regular post-withholding payroll. Such regular payroll deductions must be no less than $20.00 per pay period nor greater than 10% of the gross amount of such periodic payroll. Each Eligible Director may participate in the Plan by authorizing the Company or the Bank, as applicable, to make specified regular deductions from the Participant’s Board fees. The Bank shall transmit all of its deductions to the Company and the Company shall retain all deductions for the benefit of each Participant pending the purchase of Shares in accordance with Section 5. 

     Section 5. Source and Purchase of Shares.  Shares, including fractions of Shares, shall be acquired by one of two methods. First, the Company shall purchase Shares on Nasdaq. To the 
1

extent sufficient Shares are not acquired by that method, the Company shall issue Shares from the Company’s authorized but unissued Shares. The “Purchase Price” for Shares acquired on Nasdaq shall be the price actually paid for such Shares. The Purchase Price of Shares issued from the Company’s authorized but unissued Shares shall be the weighted average price paid for Shares on Nasdaq in such transaction. If no Shares are acquired on Nasdaq, the Purchase Price shall be the closing price on Nasdaq on the day immediately preceding the date of issuance. No commissions, service charges, or brokerage fees are payable by Participants in connection with the purchase of Shares under the Plan. The Company shall pay all such expenses.

The Company shall retain each Participant’s payroll or Board fee deductions in accordance with Section 4, and as soon as practicable, purchase and issue for the account of each Participant, a number of Shares equal to the amount deducted for such Participant for that period divided by the Purchase Price, less any discount authorized pursuant to this Section.          

Notwithstanding anything in this Section, each calendar year, the Board of Directors of the Company may authorize a discount up to 10% of the Purchase Price for shares purchased by Eligible Employees during that year.

Section 6. Book Entry and Certificates. The Company shall maintain records of each Participant’s Share ownership as Plan Shares. Upon the request of any Participant, the Company shall issue a Company stock certificate representing such Participant’s Shares; provided, however, the Company shall not be obligated to issue a certificate for less than 100 Shares.

    Section 7. Shareholder Rights. No Participant shall have any rights as a shareholder of the Company as a result of any compensation payable under the Plan until the actual delivery of the Shares by the Company to the Participant, either in book entry form or as represented by a stock certificate.

Section 8. No Employment or Board Rights. No provision of the Plan shall confer upon any Participant any right to continue in the employ or to serve on the Board of Directors of the Company or the Bank or to interfere with the right of the Company or the Bank to terminate any Eligible Employee’s employment at any time, nor shall the Plan be construed as evidence of any agreement or understanding, expressed or implied, that the Company or the Bank will employ any Participant in any particular position or at any particular rate of remuneration or for any particular period of time. Furthermore, no provision of the Plan shall, be construed so as to limit the right of the Company or the Bank to: (i) terminate any employee at will without cause or reason; (ii) make changes, in its sole and absolute discretion, in its accounting principles or the methods of applying such principles; or (iii) enter into significant transactions with affiliates, or in the Board’s sole and absolute discretion, to modify or terminate the Plan.

    Section 9. Limitation of Liability. The Company and the Bank shall not be liable for any act, or any omission to act, in connection with the operation of the Plan including, without limitation, any claims for liability:

•relating to the determination from time to time of the Purchase Price and the times purchases of Shares are made; 
•resulting from changes in the market price of Shares or the prices at which Plan transactions are effected, including, but not limited to those occurring between a purchase of Shares, dividend reinvestment or optional cash purchase or a withdrawal of Shares held under the Plan
•arising from a decision to participate in the Plan;
•arising in connection with income taxes (together with any applicable interest and/or penalties) payable by Participants in connection with their participation in the Plan; or
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•arising out of actions taken as a result of inaccurate or incomplete information or instructions.

Participants should recognize that neither the Company nor the Agent can assure a profit or protection against a loss on the Shares purchased under the Plan.

Section 10. Employment of Agents. The Board may employ, upon such terms as it deems appropriate in its sole and absolute discretion, such employees, agents, clerical help, custodians, servants, contractors, professional and other persons as it may deem appropriate, advisable or otherwise in the best interests of the Company to render advice with regard to any responsibility or obligation it may have under the Plan or to perform other services for the effective operation and administration of the Plan, including, without limitation, legal counsel, accountants, trustees and/or certified financial planners.

    Section 11. Liability and Indemnification. The Company may purchase insurance to cover potential liability of those persons who shall serve on the Board in administering the Plan, and the Company shall indemnify such persons to the maximum extent permitted by applicable law against any and all liabilities and expenses incurred in connection with any actions or proceedings to which such persons may be made a party by reason of their being or having been a member of the Board and having any responsibility or obligation for the administration of the Plan, provided, however, that no such person shall be entitled to indemnification from the Company for any act determined by a court of competent jurisdiction to be fraudulent or without good faith. Furthermore, no Board member shall be liable to any Participant or officer or employee of the Company or the Bank for any action taken or determination made in good faith or at the advice of counsel.

Section 12. Plan Amendment and Discontinuance. The Company reserves the right to discontinue the Plan at any time. Discontinuance of the Plan will not affect existing ownership of Shares by Participants, but no new purchases shall be permitted through payroll deductions. The Company also reserves the right to amend the terms of the Plan at any time and from time to time.

    Section 13. Other Documents. The Company has provided to each Participant and each Participant represents that he or she has reviewed the Company’s Prospectus, as updated from time to time. 

    Section 14. Technical Information Regarding the Plan. Neither the Company nor the Bank will be liable for any act performed in good faith or for any good faith omission to act or failure to act, including, without limitation, any claim of liability: (i) arising out of a failure to terminate a Participant’s participation in the Plan; or (ii) with respect to the prices or times at which Shares are purchased for a Participant’s account. All stock dividends and stock splits will be added directly to Participants’ book entry accounts. Transaction processing may either be curtailed or suspended until the completion of any stock dividend, stock split, or other corporate action.

    Section 15. Disclaimers. Neither the Company nor the Bank has or will provide any advice, make recommendations, or offer any opinion with respect to whether or not an employee of the Company or the Bank should purchase Shares or otherwise participate in the Plan. Each Participant must make independent investment decisions based upon his or her own judgment and research. The Plan is not insured and is not subject to the Employee Retirement Income Security Act. The Plan is not qualified under Section 401 of the Internal Revenue Code of 1986, as amended.

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Section 16. Gender. Pronouns used within the Plan shall be deemed to include both the masculine and feminine gender and words used in the singular shall be deemed to include both the singular and the plural, unless the context indicates otherwise.

    Section 17. Headings. The headings of Sections of the Plan are included only for convenience and shall not be construed as a part of the Plan or in any respect affecting or modifying its provisions.

Section 18. Construction. The Plan shall be construed under the laws of the State of Florida (excluding its choice-of-law rules) to the extent not superseded by federal law. Venue for the enforcement of any provision of the Plan shall be in Pinellas County, Florida. In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included.

The effective date of the Plan is June 13, 2015.
The Plan was amended and restated on March 31, 2020, September 9, 2021, and January 25, 2022.

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