Document:

Revolving Credit Note

 Exhibit 10.16 
 REVOLVING CREDIT NOTE 
  

			
	 $75,000,000.00
	  	St. Louis, Missouri
		  	August 17, 2007

 1. FOR VALUE RECEIVED, the undersigned, COAST BANK OF FLORIDA, a Florida banking
corporation (“Borrower”), hereby promises to pay to the order of FIRST BANK, a Missouri banking corporation (“Lender”), on February 27, 2008, or earlier if the principal amount hereof is accelerated
pursuant to Section 11 below (the “Maturity Date”), the principal sum of Seventy Five Million Dollars ($75,000,000) or, if less, the amount of all unpaid advances (each, an “Advance”; and collectively,
“Advances”) made by Lender to Borrower under this Revolving Credit Note (this “Note”). The aggregate principal amount of Advances which Lender shall be committed to have outstanding under this Note at any one time
shall not exceed the lesser of (a) Seventy Five Million Dollars ($75,000,000), or (b) the Borrowing Base; which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions of this Note
referred to below. 
 2. Borrower shall give Lender oral or written notice (a “Notice of Borrowing”) by noon (St. Louis
time) on the Business Day prior the date of each Advance to be made to Borrower, specifying: (a) the date of such Advance, which shall be a Business Day; (b) the aggregate principal amount of such Advance; and (c) the duration of the
initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. A Notice of Borrowing shall not be revocable by Borrower. Subject to the terms and conditions of this Note, provided that Lender has received
the Notice of Borrowing, Lender shall (unless Lender determines that any applicable condition specified in this Note has not been satisfied) make the applicable Advance to Borrower by crediting the amount of such Advance to a demand deposit account
of Borrower at Lender specified by Borrower (or such other account mutually agreed upon in writing between Lender and Borrower) not later than 2:30 p.m. (St. Louis time) on the Business Day specified in said Notice of Borrowing. If Lender makes a
new Advance under this Note on a day on which Borrower is required to or has elected to repay all or any part of an outstanding Advance, Lender shall apply the proceeds of its new Advance to make such repayment and only an amount equal to the
difference (if any) between the amount being borrowed and the amount being repaid shall be made available by Lender to Borrower, or remitted by Borrower to Lender as, as the case may be. Borrower hereby irrevocably authorizes Lender to rely on
telephonic, telegraphic, telecopy, telex or written instructions of any individual identifying himself or herself as one of the individuals listed on the Resolutions adopted by the Board of Directors of Borrower and certified by the Secretary of
Borrower and delivered to Lender with respect to any request to make an Advance or a repayment under this Note, and on any signature which Lender believes to be genuine, and Borrower shall be bound thereby in the same manner as if such individual
were actually authorized or such signature were genuine. Borrower also hereby agrees to defend and indemnify Lender and hold Lender harmless from and against any and all claims, demands, damages, liabilities, losses and reasonable costs and expenses
(including, without limitation, reasonable attorneys’ fees and expenses) relating to or arising out of or in connection with the acceptance of instructions for making Advances or repayments under this Note. 
 3. Interest on each Advance under this Note shall accrue at an annual rate equal to the LIBOR
Rate. Interest on each Advance hereunder shall be payable monthly in arrears on the first (1st) day of each month commencing on the first such date
after such Advance is made, on the last day of the applicable Interest Period, and on the Maturity Date. Lender’s internal records of applicable interest rates shall be determinative in the absence of manifest error. From and after the Maturity
Date, whether by reason of acceleration or otherwise, interest shall accrue and be payable on demand on the outstanding principal balance of this Note at an annual rate equal to Five Percent (5%) over and above the applicable interest rate(s).
If Borrower fails to make any payment of any principal of or interest on this Note when the same shall become due and payable, whether by reason of maturity, acceleration or otherwise, in addition to all of the other rights and remedies of Lender
under this Note and/or at law or in equity, Borrower shall pay Lender on demand with respect to each such late payment a late fee in an amount equal to Five Percent (5%) of the amount of each such late payment. Interest shall be computed on the
basis of a year consisting of 360 days and paid for actual days elapsed. 
 4. In the event Borrower does not timely select another
Interest Period at least two (2) Eurodollar Business Days before the end of an Interest Period, Lender shall after the end of the Interest Period convert the interest rate applicable to such Advance to the Prime Rate. If the Interest Period for
any Advance should happen to extend beyond the Maturity Date, such Advance must be prepaid on the Maturity Date. If an Advance is prepaid prior to the end of any Interest Period for such Advance, whether voluntarily or because prepayment is 

 
required due to this Note maturing or due to acceleration of this Note upon default or otherwise, Borrower agrees to reimburse Lender on demand for any
resulting losses and expenses incurred by Lender, including, without limitation, any losses incurred in obtaining, liquidating or employing deposits from third parties and any loss of margin for the period after any such payment, conversion or
failure to borrow (as reasonably determined by Lender) incurred as a result of such prepayment. 
 5. Notwithstanding any provision contained
in this Note to the contrary, Lender shall have no obligation to make any Advance unless: (a) on the date of and immediately after giving effect to such Advance, the aggregate principal amount of all Advances does not exceed the lesser of
(i) the $75,000,000.00 or (ii) the Borrowing Base; (b) on the date of and immediately after giving effect to such Advance, no Event of Default and no event which with the passage of time or the giving of notice or both would
constitute an Event of Default under this Note shall have occurred and be continuing; (c) no material adverse change in the properties, assets, liabilities, business, operations, prospects, income or condition (financial or otherwise) of
Borrower shall have occurred since the date of this Note be continuing; and (d) all of the representations and warranties made by Borrower in any Loan Document (defined below) shall be true and correct in all material respects on and as of the
date of such Advance as if made on and as of the date of such Advance. Each request for an Advance by Borrower under this Note shall be deemed to be a representation and warranty by Borrower on the date of such Advance as to the facts specified in
clauses (b), (c), and (d) of the immediately preceding sentence. 
 6. Borrower shall make each payment of principal of, and interest
on, this Note and all other amounts payable under this Note not later than 12:00 noon (St. Louis time) on the date when due, in Federal or other immediately available funds to Lender 11901 Olive Boulevard, St. Louis, Missouri 63141, or such other
address as Lender may from time to time specify in writing. Any such payment received by Lender after 12:00 noon (St. Louis time) shall be deemed to have been paid on the next succeeding Business Day. Whenever any payment of principal of, or
interest on, this Note shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day. If the date for any payment of principal is extended by operation of law or otherwise,
interest thereon, at the then applicable rate, shall be payable for such extended time. The acceptance by Lender of any payment of principal or interest due under this Note after the date it is due shall not be held to establish a custom or waive
any rights of Lender to enforce prompt payment of any further payments or otherwise. 
 7. Borrower shall have the right to prepay all or any
portion from time to time of the unpaid principal of this Note prior to the Maturity Date, provided that: (a) on each prepayment date, Borrower shall pay to the order of Lender all accrued and unpaid interest on the principal portion of this
Note being prepaid to and including the date of such prepayment; and (b) with respect to the prepayment of any Advance prior to the end of the applicable Interest Period(s), Borrower shall reimburse Lender for all losses and expenses as
required under Section 4 above. 
 8. Borrower hereby represents and warrants to Lender that (a) the execution, delivery and
performance by Borrower of this Note (i) have been duly authorized by all necessary corporate action on the part of Borrower, (ii) require no consent, approval or authorization of, action by or in respect of or filing or recording with any
governmental or regulatory body, instrumentality, authority, agency or official or any other person or entity and (iii) do not conflict with, or result in a breach of the terms, conditions or provisions of, or constitute a default under or
result in any violation of, Borrower’s Articles of Incorporation, By-Laws, any applicable law, rule, regulation, order, writ, judgment or decree of any court or governmental or regulatory body, instrumentality, authority, agency or official or
any agreement, document or instrument to which Borrower is a party or by which Borrower or any of its property or assets is bound or to which Borrower or any of his property or assets is subject, (b) this Note has been duly executed and
delivered by Borrower and constitutes the legal, valid and binding obligation of Borrower and is enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency or
similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), (c) no part of the proceeds of
this Note will be used for personal, family or household purposes, and (d) Borrower is not engaged principally, or as one of his important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock
(within the meaning of Regulation U of The Board of Governors of the Federal Reserve System, as amended) and no part of the proceeds of any loan under this Note will be used, whether directly or indirectly, and whether immediately, incidentally or
ultimately (i) to purchase or carry margin stock or to extend credit to others for the purpose of 

  

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purchasing or carrying margin stock, or to refund or repay indebtedness originally incurred for such purpose or (ii) for any purpose which entails a
violation of, or which is inconsistent with, the provisions of any of the Regulations of The Board of Governors of the Federal Reserve System, including, without limitation, Regulations U, T or X thereof, as amended. 
 9. Borrower hereby covenants and agrees to deliver to Lender: (a) as soon as available and in any event within five (5) days after the filing
of same, each quarterly call report filed by Borrower with the Florida Division of Financial Institutions; (b) within fifteen (15) days after the end of each month, a summary report relating to the Collateral (defined below), in the form
approved by Lender (certified by the Chief Financial Officer or other authorized officer of Borrower as to accuracy); and (c) within fifteen (15) days after the end of each month, a Borrowing Base Certificate, in the form approved by
Lender. 
 10. This Note is described in and secured by the Collateral Pledge Agreement dated as of the date hereof, executed by Borrower in
favor of Lender, as the same may from time to time be amended, modified, extended, renewed or restated (the “Collateral Pledge Agreement”), pursuant to which Borrower shall pledge to Lender as security for this Note certain Pledged
Notes and Pledged Mortgages and other collateral as more particularly described therein (collectively, the “Collateral”). If the Borrowing Base as of any date is less than the aggregate principal amount of Advances as of such date,
Borrower shall be automatically required (without demand or notice of any kind by Lender, all of which are hereby expressly waived by Borrower) to, and hereby agrees to, within five (5) days after the delivery by Borrower to Lender of the
applicable Borrowing Base Certificate, to either (a) make mandatory prepayment(s) on this Note in an aggregate amount sufficient to reduce the aggregate principal amount of Advances to an amount equal to or less than the Borrowing Base or
(b) grant Lender a first priority perfected security interest in and lien on additional Eligible Pledged Notes and additional Pledged Mortgages securing such additional Eligible Pledged Notes pursuant to documentation in form and substance
satisfactory to Lender (including, if required at the time by Lender, delivery to Lender of the original additional Pledged Note(s) duly endorsed to Lender and the original additional Pledged Mortgage(s) securing such additional Eligible Pledged
Notes) in an amount sufficient to cause the Borrowing Base to be equal to or greater than the then aggregate principal amount of Advances. 
 11. If any of the following events (each an “Event of Default”; and collectively, “Events of Default”) shall occur: (a) Borrower shall fail to make any payment of any principal of, interest on or other
amount due under this Note within five (5) days after the same shall become due and payable, whether by reason of demand, maturity, acceleration or otherwise; (b) any representation or warranty made by Borrower in this Note shall prove to
have been untrue or incorrect in any material respect when made; (c) Borrower shall fail to perform or observe any other term, covenant or provision contained in this Note and such failure shall remain unremedied for thirty (30) days after
the earlier of (i) written notice of default is given to Borrower by Lender or (ii) an officer of Borrower obtaining knowledge of such failure; (d) Borrower shall (i) voluntarily commence any proceeding or file any petition
seeking relief under Title 11 of the United States Code or any other Federal, state or foreign bankruptcy, insolvency, receivership, liquidation or similar law, (ii) consent to the institution of, or fail to contravene in a timely and
appropriate manner, any such proceeding or the filing of any such petition, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator or similar official of itself or a substantial part of its property or
assets, (iv) file an answer admitting the material allegations of a petition filed against itself in any such proceeding, (v) make a general assignment for the benefit of creditors, (vi) become unable, admit in writing its inability
or failure generally to pay its debts as they become due or (vii) take any action for the purpose of effecting any of the foregoing; (e) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of
competent jurisdiction seeking (i) relief in respect of Borrower, or of a substantial part of the property or assets of Borrower, under Title 11 of the United States Code or any other Federal, state or foreign bankruptcy, insolvency,
receivership, liquidation or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator or similar official of Borrower or of a substantial part of the property or assets of Borrower or (iii) the winding up or
liquidation of Borrower; and any such proceeding or petition shall continue undismissed for thirty (30) consecutive days or an order or decree approving or ordering any of the foregoing shall continue unstayed and in effect for thirty
(30) consecutive days; (f) dissolution, termination of existence or operations, merger, consolidation or transfer of a substantial part of the property or assets of Borrower (except in connection with the transactions described in the
Merger Agreement [defined below]); (g) an injunction, attachment or judgment shall be issued against any of the property or assets of Borrower which could reasonably be expected to have a material adverse effect on such property or assets;
(i) Borrower shall have a judgment entered against it by a court having jurisdiction in the premises, and such judgment shall not be appealed in good faith (and execution of 

  

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such judgment stayed during such appeal) or satisfied by Borrower within thirty (30) days after the entry of such judgment; (j) any default or
event of default shall occur under or within the meaning of any agreement, document or instrument evidencing, securing, guaranteeing the payment of or otherwise relating to any outstanding indebtedness of Borrower for borrowed money (other than this
Note); (k) any “Event of Default” (as defined therein) shall occur under or within the meaning of the Collateral Pledge Agreement; (l) the Collateral Pledge Agreement shall at any time for any reason cease to be in full force and
effect or shall be declared to be null and void by a court of competent jurisdiction, or if the validity or enforceability thereof shall be contested or denied by any of parties thereto, or if Borrower shall deny that it has any further liability or
obligation thereunder or if Borrower shall fail to comply with or observe any of the terms, provisions or conditions contained in the Collateral Pledge Agreement; (m) Borrower shall be declared by Lender to be in default on, or pursuant to the
terms of, (i) any other present or future obligation to Lender, including, without limitation, any other loan, line of credit, revolving credit, guaranty or letter of credit reimbursement obligation or (ii) any other present or future
agreement purporting to convey to Lender a lien or encumbrance upon, or a security interest in, any of the property or assets of Borrower; (n)(i) subject to any applicable notice of cure period(s), any default or event of default by Borrower or
Coast Financial Holdings, Inc. shall occur under or within the meaning of the Agreement and Plan of Merger dated as of July     , 2007, executed by Lender, Borrower and Coast Financial Holdings, Inc. (the “Merger
Agreement”); or (p) any default or event of default shall occur under or within the meaning of any other agreement, document or instrument heretofore, now or hereafter executed by Borrower with or in favor of Lender; then, and in each
such event (other than an event described in clauses (d) or (e) above), Lender may, at its option, declare the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon to be immediately due and payable,
whereupon all of such outstanding principal balance and accrued and unpaid interest shall become and be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by
Borrower, and Lender may exercise any and all other rights and remedies which it may have under the Collateral Pledge Agreement (including foreclosure of the Collateral) and/or at law or in equity; provided, however, that upon the occurrence of any
event described in clauses (d) or (e) above, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon shall automatically become immediately due and payable, without presentment, demand, protest or
further notice of any kind, all of which are hereby expressly waived by Borrower, and Lender may exercise any and all other rights and remedies which it may have under the Collateral Pledge Agreement (including foreclosure of the Collateral) and/or
at law or in equity. 
 12. In the event that any payment of any principal of, interest on or other amount due under this Note shall not be
paid when due after taking into account any notice, grace or cure periods, whether by reason of maturity, acceleration or otherwise, and this Note is placed in the hands of an attorney or attorneys for collection or for foreclosure of the
Collateral, or if this Note is placed in the hands of an attorney or attorneys for representation of Lender in connection with bankruptcy or insolvency proceedings relating to or affecting this Note, Borrower hereby promises to pay to the order of
Lender, in addition to all other amounts otherwise due on, under or in respect of this Note, the costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys’ fees and expenses
(whether or not litigation shall be commenced in aid thereof). All parties hereto expressly waive presentment, demand for payment, notice of dishonor, protest and notice of protest. 
 13. Borrower hereby agrees to pay or reimburse Lender upon demand for (i) all out-of-pocket costs and expenses including, without limitation,
reasonable attorneys’ fees and expenses, incurred by Lender in connection with the preparation, negotiation, execution and administration of this Note, the Collateral Pledge Agreement, and any and all other agreements, documents and instruments
relating to this Note (collectively, the “Loan Documents”), (ii) all search, recording and filing fees incurred by Lender in connection with this Note and the other Loan Documents, (iii) all out-of-pocket costs and
expenses, including, without limitation, reasonable attorneys’ fees and expenses, incurred by Lender in connection with the preparation of any waiver or consent under any of the Loan Documents or any amendment, modification, extension, renewal
and/or restatement of any of the Loan Documents or any Event of Default under this Note; and (iv) if an Event of Default under this Note occurs, all out-of-pocket costs and expenses, including, without limitation, reasonable attorneys’
fees and expenses, incurred by Lender in connection with such Event of Default and collection and other enforcement proceedings resulting therefrom. Borrower further agrees to pay or reimburse Lender for any stamp or other taxes which may be payable
with respect to the execution, delivery, recording and/or filing of this Note or any of the other Loan Documents. All of the obligations of Borrower under this paragraph shall survive the satisfaction and payment of this Note. 
  

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 14. To the extent that Lender receives any payment on account of Borrower’s obligations under this
Note and any such payment(s) or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, subordinated and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy act, state
or Federal law, common law or equitable cause, then, to the extent of such payment(s) received, Borrower’s obligations under this Note or part thereof intended to be satisfied shall be revived and continue in full force and effect, as if such
payment(s) had not been received by Lender and applied on account of Borrower’s obligations under this Note. 
 15. BORROWER HEREBY
IRREVOCABLY (A) SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY MISSOURI STATE COURT SITTING IN THE COUNTY OF ST. LOUIS, MISSOURI OR ANY UNITED STATES OF AMERICA COURT SITTING IN THE EASTERN DISTRICT OF MISSOURI, EASTERN DIVISION, AS LENDER
MAY ELECT, IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE, (B) AGREES THAT ALL CLAIMS IN RESPECT TO ANY SUCH SUIT, ACTION OR PROCEEDING MAY BE HELD AND DETERMINED IN ANY OF SUCH COURTS, (C) WAIVES, TO THE FULLEST
EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH BORROWER MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT, (D) WAIVES ANY CLAIM THAT SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY
SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM AND (E) WAIVES ALL RIGHTS OF ANY OTHER JURISDICTION WHICH BORROWER MAY NOW OR HEREAFTER HAVE BY REASON OF HIS PRESENT OR SUBSEQUENT DOMICILES. BORROWER (AND BY ITS ACCEPTANCE HEREOF,
LENDER) HEREBY IRREVOCABLY WAIVE THE RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY ACTION IN WHICH BORROWER AND LENDER ARE PARTIES RELATING TO OR ARISING OUT OF OR IN CONNECTION WITH THIS NOTE. 
 16. This Note may not be changed, nor may any term, condition or Event of Default be waived, modified or discharged orally but only by an agreement in
writing, signed by Lender. No failure or delay by Lender in exercising any right, remedy, power or privilege under this Note shall operate as a waiver thereof; nor shall any single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, remedy, power or privilege. In addition, Lender may, without notice to and without releasing the liability of Borrower, add or release one or more of such parties or release any collateral or security for
this Note in whole or in part. All Obligors waive notice of and consent to, and no Obligor shall be released from liability under this Note by virtue of, any extension of time for the payment of any principal of or interest on this Note or the
renewal of this Note one or more times or any other amendment or modification of this Note. 
 17. This notice is provided pursuant to
Section 432.047 R.S.Mo. As used herein, “creditor” means Lender and “this writing” means this Note and the other Loan Documents. ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING
REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE, REGARDLESS OF THE LEGAL THEORY UPON WHICH IT IS BASED THAT IS IN ANY WAY RELATED TO THE CREDIT AGREEMENT. TO PROTECT YOU (BORROWER(S)) AND US (CREDITOR) FROM
MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN WRITING TO MODIFY IT.
This Note embodies the entire agreement and understanding between Borrower and Lender and supersedes all prior agreements and understandings (oral or written) relating to the subject matter hereof. 
 18. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference to conflict of law
principles). 
 19. Certain definitions applicable to this Note are attached hereto and incorporated by reference as Exhibit A.

 (SIGNATURE ON FOLLOWING PAGE) 
  

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 SIGNATURE PAGE- 
 REVOLVING CREDIT NOTE 
  

			
	 Borrower:

	
	 COAST BANK OF FLORIDA

		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

  

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 Exhibit A 
 (Definitions) 
 For purposes of this Note, the following terms shall have the following meanings: 
 Borrowing Base shall mean, as of any date of determination thereof, an amount equal to the sum of: (a) Eighty Percent (80%) of the
aggregate outstanding principal balances of all Class 1 Eligible Pledged Notes as of such date; (b) Sixty Four Percent (64%) of the aggregate outstanding principal balances of all Class 2 Eligible Pledged Notes as of such date; and
(c) Fifty Six Percent (56%) of the aggregate outstanding principal balances of all Class 3 Eligible Pledged Notes as of such date. 
 Business Day shall mean any day (other than a Saturday or Sunday) on which commercial banks are open for business in St. Louis, Missouri. 
 Class 1 Eligible Pledged Notes shall mean all Eligible Pledged Notes which have a Loan-to-Value Percentage of either (i) not greater than Eighty Percent (80%), or (ii) if greater than Eighty Percent
(80%), which are covered by private mortgage insurance (in the form and amount acceptable to Lender). 
 Class 2 Eligible Pledged
Notes shall mean all Eligible Pledged Notes which have a Loan-to-Value Percentage of greater than Eighty Percent (80%) but not greater than Ninety Five Percent (95%). 
 Class 3 Eligible Pledged Notes shall mean all Eligible Pledged Notes which have a Loan-to-Value Percentage of greater than Ninety Five Percent
(95%). 
 Eligible Pledged Note(s) shall mean each Pledged Note which meets each of the following requirements: (a) no payment of
any principal, interest or other amount due under such Pledged Note is more than thirty (30) days past due and such Pledged Note is otherwise not a “low quality asset” as defined in 12 C.F.R. §223.3(v); (b) such Pledged Note
has an amortization schedule having a period of not more than thirty (30) years; (c) neither such Pledged Note nor the Pledged Mortgage securing such Pledged Note is subject to any dispute, offset, counterclaim, discount or other claim or
defense on the part of the maker(s) or to any claim on the part of the maker(s) contesting or denying liability under such Pledged Note; (d) such Pledged Note and the Pledged Mortgage securing such Pledged Note comply with all applicable
Federal, state, local and other laws, rules and regulations (including, without limitation, all applicable Federal, state, local and other consumer credit, consumer protection and usury laws, rules and regulations); (e) the obligations of the
maker(s) under such Pledged Note and the Pledged Mortgage securing such Pledged Note are absolute and unconditional and not dependent upon the performance of any person or entity and are not subject to any conditions precedent remaining unperformed;
(f) neither such Pledged Note nor the Pledged Mortgage securing such Pledged Note is or will be subject to any defenses, claims, counterclaims or set-offs against Lender, including, without limitation, those resulting from acts or omissions of
Borrower or its employee or agents; (g) such Pledged Note and the Pledged Mortgage securing such Pledged Note are assignable by Borrower to Lender consistent with the terms of the Collateral Pledge Agreement; (h) no information contained
in such Pledged Note or in the Pledged Mortgage securing such Pledged Note is incorrect; (i) Borrower and the maker(s) of such Pledged Note have made no agreement with respect to such Pledged Note or the Pledged Mortgage securing such Pledged
Note which is not expressly set forth in such Pledged Note or in the Pledged Mortgage securing such Pledged Note; (j) no officer, employee or agent of Borrower has made any promise, representation or warranty to any maker(s) of such Pledged
Note which is contrary to the terms of such Pledged Note or of the Pledged Mortgage securing such Pledged Note; (k) such Pledged Note is secured by a Pledged Mortgage and such Pledged Mortgage has been properly recorded and constitutes a first
priority perfected lien on the property covered thereby; (l) the original of such Pledged Note has been endorsed to and if required by Lender is in the possession of Lender and the original of the Pledged Mortgage securing such Pledged Note is
in the possession of Lender; and (m) such Pledged Note, all payments of principal, interest and other amounts due thereunder and the Pledged Mortgage securing such Pledged Note are subject to a first priority perfected security interest in
favor Lender under the Collateral Pledge Agreement and are not subject to a security interest or lien in favor of any other person or entity. 

 Eurodollar Business Day shall mean any Business Day on which commercial bank(s) are open for
international business (including dealings in dollar deposits) in London. 
 Interest Period shall mean, with respect to each Advance:
(a) initially, the period commencing on the date of such Advance and ending one (1), two (2), or three (3) months thereafter, as Borrower may elect; and (b) thereafter, each period commencing on the last day of the immediately
preceding Interest Period applicable to such Advance and ending one (1), two (2), or three (3) months thereafter, as Borrower may elect; provided that: (c) subject to clauses (d) and (e) below, any Interest Period which would
otherwise end on a day which is not a Eurodollar Business Day shall be extended to the next succeeding Eurodollar Business Day unless such Eurodollar Business Day falls in another calendar month, in which case such Interest Period shall end on the
immediately preceding Eurodollar Business Day; (d) subject to clause (e) below, any Interest Period which begins on the last Eurodollar Business Day of a calendar month (or on a day for which there is no numerically corresponding day in
the calendar month at the end of such Interest Period) shall end on the last Eurodollar Business Day of a calendar month; and (e) no Interest Period shall extend beyond the Maturity Date. 
 LIBOR Base Rate shall mean, with respect to the applicable Interest Period, (a) the LIBOR Index Rate for such Interest Period, if such rate
is available or (b) if the LIBOR Index Rate is not available, the average (rounded upward, if necessary, to the next higher 1/16 of 1%) of the annual respective rates of interest at which deposits in U.S. Dollars are offered to Lender in the
London interbank market by two (2) Eurodollar dealers of recognized standing, selected by Lender in its sole discretion, at or about 11:00 a.m. (London time) on the date two (2) Eurodollar Business Days before the first day of such
Interest Period, for delivery on the first day of the applicable Interest Period for a number of days comparable to the number of days in such Interest Period and in an amount approximately equal to the principal amount of the Advance to which such
Interest Period is to apply. 
 LIBOR Index Rate shall mean, with respect to the applicable Interest Period, an annual rate (rounded
upwards, if necessary, to the next higher 1/16 of 1%) equal to the British Bankers’ Association interest settlement rates for U.S. Dollar deposits for such Interest Period as of 11:00 a.m. (London time) on the day two (2) Eurodollar
Business Days before the first day of such Interest Period as published by Bloomberg Financial Services, Dow Jones Market Service, Telerate, Reuters or any other service from time to time used by Lender. 
 LIBOR Margin shall mean Two and 25/100 Percent (2.25%). 
 LIBOR Rate shall mean (a) the quotient of the (i) LIBOR Base Rate divided by (ii) one minus the applicable LIBOR Reserve Percentage plus (b) the LIBOR Margin. The LIBOR
Rate shall be adjusted automatically on and as of the effective date of any change in the LIBOR Reserve Percentage. 
 LIBOR Reserve
Percentage shall mean for any day that percentage (expressed as a decimal) which is in effect on such day, as prescribed by The Board of Governors of the Federal Reserve System (or any successor), for determining the maximum reserve requirement
(including, without limitation, any basic, supplemental, emergency, special or marginal reserves) with respect to “Eurocurrency liabilities” as defined in Federal Reserve Regulation D or with respect to any other category of liabilities
which includes deposits by reference to which the interest rate on Advances is determined, whether or not Lender has any Eurocurrency liabilities subject to such reserve requirement at such time. 
 Loan-to-Value Percentage shall mean the percentage equal to the outstanding principal balance of the Eligible Pledged Note divided by the
value of the collateral described in the corresponding Pledged Mortgage(s), multiplied by 100 
 Pledged Mortgage(s) shall have
the meaning ascribed thereto in the Collateral Pledge Agreement (defined in the Note). 
 Pledged Note(s) shall have the meaning
ascribed thereto in the Collateral Pledge Agreement. 
 Prime Rate shall mean the interest rate announced from time to time by Lender
as its “prime rate” (which rate shall fluctuate as and when said prime rate shall change). 
  

 -2-Collateral Pledge Agreement

 Exhibit 10.17 
 COLLATERAL PLEDGE AGREEMENT 
 1. As collateral security for the payment of any and all
indebtedness (principal, interest, fees, collection costs and expenses and other amounts), liabilities and obligations of the undersigned, COAST BANK OF FLORIDA, a Florida banking corporation (“Debtor”), to FIRST BANK,
a Missouri banking corporation (“Secured Party”), evidenced by or arising under the Revolving Credit Note dated the date hereof, executed by Debtor, and payable to the order of Secured Party in the principal amount of up to
$75,000,000.00 (the “Revolving Credit Note”; all capitalized terms herein not otherwise defined shall have the same meanings as ascribed to them in the Revolving Credit Note), of every kind and character, now existing or hereafter
arising (collectively, the “Secured Obligations”), Debtor hereby pledges, assigns and delivers to Secured Party and grants Secured Party a security interest in and general lien upon all of Debtor’s now owned and/or hereafter
acquired or arising right, title and interest in, to and under the following: (a) the promissory notes payable to the order of Debtor which are described on Exhibit A attached hereto and incorporated herein by reference (as the same may
from time to time be amended, modified, extended, renewed, restated or replaced, individually, a “Pledged Note”, and collectively, the “Pledged Notes”), together with (i) any and all rights to payment under or
in respect of the Pledged Notes and any and all other rights, powers, privileges, authorities, remedies and other benefits Debtor has or may have or be entitled to under or in respect of the Pledged Notes, including, without limitation, all right,
power, privilege, authority, remedy and benefit (A) to enforce the due and prompt performance by the maker(s) on the Pledged Notes of each and every covenant, condition and stipulation contained in the Pledged Notes, (B) to institute any
suit, action or other proceeding at law or in equity, (C) to enforce any right, remedy or benefit Debtor has or may have or be entitled to under or in respect of the Pledged Notes, (D) to make all waivers and agreements and to give all
notices, consents and releases under or in respect of the Pledged Notes, (E) to take all action upon the happening of any default giving rise to a right or remedy in favor of Debtor under or in respect of the Pledged Notes, (F) to take all
action necessary or appropriate to cure any default or alleged default by Debtor under or in respect of the Pledged Notes and (G) to do any and all things whatsoever which Debtor is or may become entitled to do under or in respect of the
Pledged Notes and (ii) all income, revenues and profits from, on or in respect of the Pledged Notes, including, without limitation, all principal, interest and other payments thereon or with respect thereto, (b) all mortgage deeds,
mortgages and/or deeds of trust in favor of Debtor or a trustee for Debtor which secure the payment of any or all of the Pledged Notes, including, without limitation, those certain mortgage deeds, mortgages and/or deeds of trust in favor of Debtor
or a trustee for Debtor listed on Exhibit A attached hereto and incorporated herein by reference (as the same may from time to time be amended, modified, extended, renewed, restated or replaced, individually, a “Pledged
Mortgage” and collectively, the Pledged Mortgages”), together with (i) any and all rights to payment under or in respect of the Pledged Mortgages and any and all other rights, powers, privileges, authorities, remedies and
other benefits Debtor has or may have or be entitled to under or in respect of the Pledged Mortgages, including, without limitation, all right, power, privilege, authority, remedy and benefit (A) to enforce the due and prompt performance by the
mortgagor(s) of the Pledged Mortgages of each and every covenant, condition and stipulation contained in the Pledged Mortgages, (B) to institute any suit, action or other proceeding at law or in equity, (C) to enforce any right, remedy or
benefit Debtor has or may have or be entitled to under or in respect of the Pledged Mortgages, (D) to make all waivers and agreements and to give all notices, consents and releases under or in respect of the Pledged Mortgages, (E) to take
all action upon the happening of any default giving rise to a right or remedy in favor of Debtor under or in respect of the Pledged Mortgages, (F) to take all action necessary or appropriate to cure any default or alleged default by Debtor
under or in respect of the Pledged Mortgages and (G) to do any and all things whatsoever which Debtor is or may become entitled to do under or in respect of the Pledged Mortgages and (ii) all income, revenues and profits from, on or in
respect of the Pledged Mortgages, including, without limitation, all principal, interest and other payments thereon or with respect thereto; (c) all security interests, mortgages and/or other liens on personal or real property securing any of
the Pledged Notes and/or any of the Pledged Mortgages; (d) all supporting obligations for any of the Pledged Notes and/or any of the Pledged Mortgages; and (e) all cash and non-cash proceeds of any of the foregoing (collectively, the
“Collateral”). Secured Party hereby acknowledges and agrees that it will not exercise any of the rights set forth above comprising a part of the Collateral unless and until an Event of Default under this Collateral Pledge Agreement
(this “Agreement”)has occurred and is continuing. 
 2. Prior to or contemporaneously with the execution of this Agreement
(with respect to each of the Pledged Notes listed on Exhibit A attached hereto and incorporated herein by reference) and contemporaneously with the pledge of any additional Pledged Notes by Debtor to Secured Party, Debtor shall endorse each
of the Pledged Notes “PAY TO THE ORDER OF FIRST BANK WITHOUT RECOURSE” and deliver the originals of each of the Pledged Notes and each of the Pledged Mortgages to Secured Party. Notwithstanding the endorsement language described in the
previous sentence, Debtor acknowledges and agrees that it remains liable and responsible for the payment and performance of the Secured Obligations and the other obligations of Debtor described herein. 

 3. Upon the occurrence of an Event of Default, Debtor shall upon Secured Party’s request, direct all
maker(s) on each of the Pledged Notes and all mortgagor(s) on any of the Pledged Mortgages to remit or deposit all payments on or with respect to the Pledged Notes and/or the Pledged Mortgages directly to a lockbox (the “Lockbox”)
and/or into a deposit account designated by Secured Party (the “Pledged Account”) (which directions from Debtor shall instruct such makers and such mortgagees to identify all such payments remitted to the Lockbox as being payments
to be deposited into the Pledged Account). Debtor shall then immediately remit or deposit all such payments received by Debtor on or with respect to the Pledged Notes and/or the Pledged Mortgages directly to the Lockbox and/or into the Pledged
Account in the identical form in which such payment was made, whether by cash, check or otherwise (which remittances to the Lockbox shall identify that they are to be deposited into the Pledged Account). Debtor shall have no right to withdraw any
funds out of the Lockbox or the Pledged Account. All payments received by Secured Party on or with respect to the Collateral (including, without limitation, all payments received on or with respect to the Pledged Notes and/or the Pledged Mortgages
and all amounts deposited into the Pledged Account) will, unless otherwise agreed by Secured Party in writing, be applied by Secured Party to the payment or prepayment of the Secured Obligations in such manner and order as Secured Party may elect.

 4. This Agreement shall not transfer to or impose upon Secured Party or subject Secured Party to any of the obligations, duties,
warranties, covenants, undertakings or liabilities of Debtor to any person or entity under the terms of any of the Pledged Notes and/or any of the Pledged Mortgages, and this Agreement shall not affect, modify, relieve or release Debtor from any of
its obligations, duties, warranties, covenants, undertakings and/or liabilities under the terms of any of the Pledged Notes and/or any of the Pledged Mortgages, it being understood that, notwithstanding this Agreement, all of such obligations,
duties, warranties, covenants, undertakings and liabilities of Debtor under or with respect to each of the Pledged Notes and each of the Pledged Mortgages shall be and remain enforceable by the parties thereto against, and only against, Debtor and
not against Secured Party, it being further understood that this Agreement is executed as security for the Secured Obligations, and that Secured Party has not assumed and shall not be deemed to have assumed any of the Pledged Notes and/or any of the
Pledged Mortgages or any obligation, duty or liability of Debtor thereunder. 
 5. Secured Party hereby agrees that, so long as no Event of
Default under this Agreement has occurred and is continuing, it will, upon the written request of Debtor, release from the security interest created by this Agreement any Pledged Note and the Pledged Mortgage securing such Pledged Note upon either
(a) receipt from Debtor in good funds (from funds other than payments on or with respect to the Pledged Notes and/or the Pledged Mortgages and/or the proceeds of any of the other Collateral) of an amount equal to then outstanding principal
balance of such Pledged Note together with all accrued and unpaid interest thereon or (b) Debtor granting Secured Party a first priority perfected security interest in and lien on (i) additional Eligible Pledged Note(s) with an aggregate
outstanding principal balance in an amount at least equal to the then outstanding principal balance of the Pledged Note being released together with all accrued and unpaid interest thereon and (ii) the additional Pledged Mortgage(s) securing
such additional Pledged Note(s), all pursuant to documentation in form and substance satisfactory to Secured Party (including delivery to Secured Party of the original additional Pledged Note(s) duly endorsed to Secured Party and the original
additional Pledged Mortgage(s)); and upon receipt of such payment or such additional Collateral, as the case may be, the Pledged Note being released and the Pledged Mortgage securing such Pledged Note shall no longer be subject to this Agreement.

 6. Debtor hereby represents and warrants to Secured Party that: 
 (a) Debtor is a corporation duly incorporated and validly existing under the laws of the State of Florida. Debtor’s exact legal name is “Coast
Bank of Florida”. Debtor has not during the past five (5) years conducted business under any name other than the name “Coast Bank of Florida.” Debtor is a registered organization within the meaning of the Uniform Commercial Codes
of the States of Missouri or Florida; 
 (b) Debtor is the sole legal, equitable and beneficial owner of the Collateral pledged under this
Agreement free and clear of any and all liens, claims, security interests, charges and/or encumbrances of any kind or nature whatsoever and Debtor will defend the Collateral against all claims and demands of all persons and entities at any time
claiming the same or any interest therein; 
 (c) Debtor has all requisite corporate right, power and authority to (i) pledge, assign,
grant a security interest in, transfer and deliver the Collateral to Secured Party in the manner hereby done or contemplated and (ii) execute, deliver and perform all of its obligations under this Agreement; 
  

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 (d) this Agreement has been duly authorized, executed and delivered by Debtor and constitutes the legal,
valid and binding obligation of Debtor, enforceable in accordance with its terms; 
 (e) no consent, approval, authorization or other order
of, or any filing, recording or registration with, any governmental or regulatory body, instrumentality, authority, agency or official or any other person or entity is or will be required for (i) the execution, delivery and/or performance of
this Agreement by Debtor or the delivery by Debtor of the Collateral to Secured Party as provided herein or (ii) the exercise by Secured Party of the collection or other rights provided for in this Agreement or the remedies in respect of the
Collateral pursuant to this Agreement; 
 (f) the execution, delivery and performance by Debtor of this Agreement do not and will not
(i) violate any provision of the Articles of Incorporation of By-Laws of Debtor or any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to Debtor, (ii) result
in a breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, document or instrument to which Debtor is a party or by which Debtor or any of its properties or assets may be bound or affected or
(iii) result in or require the creation or imposition of any mortgage, deed of trust, pledge, lien, security interest or other charge or encumbrance of any nature upon or with respect to any of the property or assets of Debtor (other than in
favor of Secured Party as provided for in this Agreement); 
 (g) Debtor’s chief
executive office and principal place of business is located at 1301 6th Avenue West, Suite 300, Bradenton, Florida 34205; 
 (h) upon the execution of this Agreement, Secured Party will have a valid and enforceable security interest in the Collateral. Upon (i) either
placing a legend on each of the Pledged Notes or taking possession thereof, and (b) the filing of a Uniform Commercial Code financing statement with the Florida Secured Transaction Registry naming Debtor, as debtor and Secured Party, as secured
party and describing the Collateral, Secured Party’s security interest in the Collateral will be perfected and have a first priority; 
 (i) none of the Pledged Notes has been amended, modified, extended, renewed, restated, terminated, cancelled or released in any manner whatsoever and each of the Pledged Notes is, on the date hereof, in full force and effect; 
 (j) none of the Pledged Mortgages has been amended, modified, extended, renewed, restated, terminated, cancelled or released in any manner whatsoever and
each of the Pledged Mortgages is, on the date hereof, in full force and effect; and 
 (k) as of the date of this Agreement, the information
contained in Exhibit A and incorporated herein by reference is true, correct and complete. 
 7. Debtor hereby covenants and agrees
that: 
 (a) except in the ordinary course of business prior to the occurrence of an Event of Default and as long any such action does not
cause any Pledged Note to no longer be an Eligible Pledged Note, it will not, without the prior written consent of Secured Party, (i) enter into any agreement amending, modifying, extending, renewing, restating, terminating, canceling or
releasing (in whole or in part) any of the Pledged Notes and/or any of the Pledged Mortgages, (ii) permit the amendment, modification, extension, renewal, restatement, release or termination (in whole or in part) of any of the Pledged Notes
and/or any of the Pledged Mortgages, (iii) waive any default or event of default under, or waive or consent to any departure from any of the terms, provisions, conditions or covenants contained in, any of the Pledged Notes and/or any of the
Pledged Mortgages or (iv) waive any of its rights, remedies or benefits under any of the Pledged Notes and/or any of the Pledged Mortgages; 
 (b) it will not (i) sell, assign or otherwise transfer or pledge any of the Collateral or any interest therein or (ii) grant, create, incur or permit to exist any other lien or encumbrance upon, or any other security interest in,
any of the Collateral or any interest therein; 
 (c) it will pay promptly when due all taxes and assessments on or with respect to the
Collateral or upon this Agreement or any of the Secured Obligations or with respect to the perfection of any security interest or lien under this Agreement; 
  

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 (d) it hereby irrevocably authorizes Secured Party at any time and from time to time to file in any
Uniform Commercial Code jurisdiction initial financing statements and/or any amendments thereto which describe the Collateral and contain any other information required by part 5 of Article 9 of the Uniform Commercial Code of the applicable
jurisdiction for the sufficiency or filing office acceptance of any financing statement or amendment. Debtor also ratifies its authorization for Secured Party to have filed in any Uniform Commercial Code jurisdiction any like initial financing
statements or amendments thereto if filed prior to the date of this Agreement; 
 (e) it will from time to time, at its own expense, execute
and deliver to Secured Party such agreements, documents and instruments and do such other acts and things as may be necessary or as Secured Party may from time to time reasonably request to establish and maintain a valid and perfected first priority
security interest in and lien on the Collateral in favor of Secured Party to secure the payment of the Secured Obligations; 
 (f) it will
reimburse Secured Party upon demand for (i) all costs and expenses incident to perfecting, maintaining or terminating the security interest and lien granted by this Agreement, including filing and recording fees and all taxes and legal and
other out-of-pocket fees and expenses paid or incurred by Secured Party in connection with any of the foregoing and (ii) all costs and expenses, including, without limitation, reasonable attorneys’ fees and expenses, incurred by Secured
Party in seeking to collect or enforce any rights under this Agreement or incurred by Secured Party in seeking to collect or enforce any of the Secured Obligations, all of which costs and expenses shall constitute a part of the Secured Obligations
and be payable by Debtor to Secured Party on demand; 
 (g) it will not change its type of organization, its jurisdiction of organization or
its name unless (i) it gives Secured Party at least thirty (30) days prior written notice of the same and (ii) prior to making any such change, Debtor executes (if necessary) and/or obtains and delivers to Secured Party any and all
additional financing statements and/or amendments thereto and/or other agreements, documents or notices as may be required by Secured Party; 
 (h) it will not change the location of its chief executive office unless (i) it gives Secured Party at least thirty (30) days prior written notice of the same, (ii) such new location is in the continental United States of
America and (iii) prior to making any such change, Debtor executes (if necessary) and/or obtains and delivers to Secured Party any and all additional financing statements and/or amendments thereto and/or other agreements, documents or notices
as may be required by Secured Party; 
 (i) it will notify Secured Party in writing immediately upon becoming aware of the existence of any
default or event of default under or within the meaning of any of the Pledged Notes or any of the Pledged Mortgages; and 
 (j) it will not
cause or permit any secured party to file any Uniform Commercial Code financing statement naming Debtor as debtor which could include within the collateral covered thereby any of the Pledged Notes, any of the Pledged Mortgages, the Pledged Account
and/or any of the other Collateral. 
 8. If any one or more of the following events (“Events of Default”) shall occur and
be continuing: (a) Debtor shall fail to make any payment of any principal of, interest on or other amount due with respect to any of the Secured Obligations when the same shall first become due and payable after taking into account any
applicable, notice, grace and cure periods, whether by reason of demand, maturity, acceleration or otherwise; (b) Debtor shall fail to perform or observe any other term, provision, covenant or agreement contained in this Agreement and any such
failure shall remain unremedied for more than thirty (30) days after the earlier of (i) written notice of default is given to Debtor by Secured Party or (ii) any officer of Debtor obtaining actual knowledge of such failure;
(c) any representation or warranty made by Debtor in this Agreement shall prove to be untrue or incorrect in any material respect; (d) if this Agreement shall at any time for any reason cease to be in full force and effect or shall be
declared to be null and void by a court of competent jurisdiction, or if the validity or enforceability of this Agreement shall be contested or denied by Debtor or if Debtor shall deny that it has any further liability or obligation under this
Agreement; (e) if any of the Pledged Notes shall at any time for any reason cease to be in full force and effect or shall be declared to be null and void by a court of competent jurisdiction, or if the validity or enforceability of any of

  

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the Pledged Notes shall be contested or denied by any maker, or if any maker shall deny that it, he or she has any further liability or obligation under any
of the Pledged Notes or if any maker shall fail to comply with or observe any of the terms, provisions or conditions contained in any of the Pledged Notes (provided, however, that none of such events shall constitute an Event of Default if, within
the earlier of (i) thirty (30) days after the occurrence of the applicable event or (ii) the day on which Debtor requests another Advance under the Revolving Credit Note, Debtor has either (A) paid Secured Party in good funds
(from funds other than payments on or with respect to such Pledged Note and/or the related Pledged Mortgage) an amount equal to the Loan-to-Value Percentage applicable to such Pledged Note or (B) pledged to Lender a replacement Eligible Pledged
Note (acceptable to Secured Party); (f) if any of the Pledged Mortgages shall at any time for any reason cease to be in full force and effect or shall be declared to be null and void by a court of competent jurisdiction, or if the validity or
enforceability of any of the Pledged Mortgages shall be contested or denied by any mortgagee, or if any mortgagee shall deny that it, he or she has any further liability or obligation under any of the Pledged Mortgages or if any mortgagee shall fail
to comply with or observe any of the terms, provisions or conditions contained in any of the Pledged Mortgages (provided, however, that none of such events shall constitute an Event of Default if, within the earlier of (i) thirty (30) days
after the occurrence of the applicable event or (ii) the day on which Debtor requests another Advance under the Revolving Credit Note, Debtor has either (A) paid Secured Party in good funds (from funds other than payments on or with
respect to the related Pledged Note and/or such Pledged Mortgage) an amount equal to the Loan-to-Value Percentage applicable to the related Pledged Note or (B) pledged to Lender a replacement Eligible Pledged Note (acceptable to Secured Party);
(g) any “Event of Default” (as defined therein) shall occur under or within the meaning of the Revolving Credit Note; or (h) any default or event of default shall occur under or within the meaning of any other agreement, document
or instrument heretofore, now or hereafter executed by Debtor with or in favor of Secured Party which is not cured within any applicable grace or cure period; then Secured Party may, at its option, (1) declare any or all of the Secured
Obligations to be immediately due and payable, (2) appropriate and apply toward the payment and discharge of any such Secured Obligations, moneys on deposit or otherwise held by Secured Party for the account of, to the credit of or belonging to
Debtor, (3) notify any maker on any Pledged Note and/or any mortgagor on any Pledged Mortgage to make all payments under the Pledged Notes and the Pledged Mortgages directly to Secured Party and demand, collect, receipt for, settle, compromise,
adjust, sue for, foreclose and realize on the Pledged Notes and the Pledged Mortgages and all amounts due under the Pledged Notes and the Pledged Mortgages as Secured Party may determine, (4) sell or cause to be sold any Collateral,
(5) have transferred to or registered in the name of Secured Party, or its nominee or nominees, any Collateral and thereafter to exercise all rights with respect thereto as the absolute owner thereof, without notice or liability to Debtor,
except to account for money or property actually received by Secured Party; provided, however, that Secured Party may treat all cash proceeds as additional Collateral and such proceeds need not be applied to the reduction of the Secured Obligations
unless Secured Party so elects, (6) in Secured Party’s name, or in the name of Debtor, demand, sue for, collect and receive money or other property which may at any time be payable or receivable on account of or in exchange for any of the
Collateral, or make any compromise or settlement that Secured Party considers desirable with respect thereto or renew or extend the time of payment or otherwise modify the terms of any obligation included in the Collateral; provided, however, that
it is expressly agreed that Secured Party shall not be obligated to take any step to preserve rights against prior parties on any of the Collateral, and that reasonable care of the Collateral shall not include the taking of any such step,
(7) foreclose any lien and/or security interest included in the Collateral and become the purchaser of the property constituting the Collateral without thereby affecting any of the Secured Obligations, and (8) exercise any or all of the
rights and remedies of a secured party under the Uniform Commercial Code of Missouri, as from time to time amended (the “Missouri UCC”), or other applicable law. Any sale of Collateral may be made without demand of performance and
any requirement of the Missouri UCC for reasonable notice to Debtor shall be met if such notice is mailed, postage prepaid, to Debtor at its address as it appears herein or as last shown on the records of Secured Party at least five
(5) business days before the time of sale, disposition or other event giving rise to the notice. Debtor acknowledges and agrees that it shall be reasonable for Secured Party to sell the Collateral on credit for present or future delivery
without any assumption of any credit risk. In case of a public sale, notice published by Secured Party for ten (10) days in a newspaper of general circulation in St. Louis, Missouri shall be sufficient. The proceeds of any sale, or sales, of
Collateral shall be applied by Secured Party in the following order: (a) to expenses, including reasonable attorneys’ fees and expenses, arising from the enforcement of any of the provisions hereof, or of the Secured Obligations or of any
actual or attempted sale; (b) to the payment or the reduction of any of the Secured Obligations with the right of Secured Party to distribute or allocate such proceeds in such order and manner as Secured Party shall elect, and its determination
with respect to such allocation shall be conclusive; and (c) to the payment of any surplus remaining after payment of the amounts mentioned, to Debtor or to whomsoever may be lawfully entitled thereto. If any deficiency arises upon any such
sale or sales Debtor agrees to pay the amount of such deficiency promptly upon demand with interest at the highest post-maturity rate set forth in the Revolving Credit Note. Notwithstanding that Secured Party may continue to hold the Collateral and
regardless of the value thereof, Debtor shall be and remain liable for the payment in full of the principal of and interest on any balance of the Secured Obligations and expenses at any time unpaid. 
  

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 9. Upon the occurrence and during the continuation of any Event of Default under this Agreement, Secured
Party may exercise all rights under the Pledged Notes and/or the Pledged Mortgages as are available to Debtor thereunder or under applicable law, including without limitation, collection and enforcement of all amounts due or payable thereunder,
rights of inspection, notification, demand for payment, acceleration, suit to enforce payment, foreclosure and disposition of collateral and other rights and remedies as may be allowed from time to time by the Pledged Notes and/or the Pledged
Mortgages and applicable law. Secured Party may take any one or more of such actions in its own name or in Debtor’s name, as Secured Party may determine in its discretion. Debtor hereby grants to Secured Party a special power of attorney (which
shall be irrevocable, coupled with an interest and with power of substitution) to exercise any and all of such rights and take any and all such actions (including, without limitation, compromise and settlement) under the Pledged Notes and/or the
Pledged Mortgages, in Debtor’s name, as Secured Party in its discretion may determine, with the same force and effect as if such action was taken directly by Debtor, and any person or entity hereby is authorized to rely on the provisions of
this paragraph in making payments to Secured Party for Debtor’s account. 
 10. Secured Party shall have no duties or obligations with
respect to the Collateral except that while the Collateral is in Secured Party’s possession, Secured Party’s obligation with respect to the same shall be limited to exercising reasonable care to preserve the physical condition of the same.
Secured Party shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if it takes such action for that purpose as Debtor requests in writing, but failure of Secured Party to comply with
any such request shall not of itself be deemed a failure to exercise reasonable care, and no failure of Secured Party to preserve or protect any rights with respect to such Collateral against prior parties, or to do any act with respect to the
preservation of such Collateral not so requested by Debtor, shall be deemed a failure to exercise reasonable care in the custody or preservation of such Collateral. 
 11. At any time, whether prior to or after the occurrence of any Event of Default under this Agreement, Secured Party may, at its option, but shall not be obligated to, surrender or deliver, without further liability
on the part of Secured Party to account therefor, all or any part of the Collateral to or upon the written order of Debtor, permit substitutions therefor or additions thereto, and accept the receipt of Debtor for any Collateral, or proceeds thereof,
which receipt shall be a full and complete discharge of Secured Party with respect to the Collateral so delivered and proceeds so paid. 
 12. The rights and powers of Secured Party under this Agreement (a) are cumulative and do not exclude any other right which Secured Party may have independent of this Agreement; and (b) may be exercised or not exercised at the
discretion of Secured Party (i) without regard to any rights of Debtor, (ii) without forfeiture or waiver because of any delay in the exercise thereof, (iii) without imposing any liability on Secured Party for so exercising or failing
to exercise, and (iv) in the event of a single or partial exercise thereof, without precluding further exercise thereof. 
 13. No delay
or omission on the part of Secured Party in exercising any right or remedy under this Agreement shall operate as a waiver of such right or remedy or of any other right or remedy under this Agreement and no waiver shall be construed as a bar to or
waiver of any right or remedy in the future. In the event any one or more of the provisions contained in this Agreement should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions
contained in this Agreement shall not in any way be affected or impaired thereby. 
 14. Debtor agrees to do such further acts and things and
to execute and deliver such additional conveyances, assignments, agreements and instruments as Secured Party may at any time reasonably request in connection with the administration or enforcement of this Agreement or related to the Collateral or
any part thereof or in order to better assure and confirm to Secured Party its rights, powers and remedies under this Agreement. Effective upon the occurrence of and during the continuance of an Event of Default, Debtor hereby makes, constitutes and
appoints Secured Party the true and lawful agent and attorney-in-fact of Debtor with full power of substitution to execute, endorse and deliver such agreements, documents and instruments and to take such other action in the name and on behalf of
Debtor as may be necessary or appropriate to carry out the intent of this Agreement, including, without limitation, the grant of the security interest and lien granted under this Agreement, and to perfect and protect the security interest and lien
granted to Secured Party in respect of the Collateral and Secured Party’s rights created under this Agreement, which power of attorney is irrevocable during the term of this Agreement. 
  

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 15. Secured Party shall not be required to marshal any present or future collateral security (including,
without limitation, this Agreement and the Collateral) for, or other assurances of payment of, any or all of the Secured Obligations or to resort to such collateral security or other assurances of payment in any particular order, and all of its
rights and remedies under this Agreement and in respect of such collateral security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising. To the extent not prohibited by
applicable law, Debtor hereby agrees that it will not invoke any law relating to the marshalling of collateral which might cause delay in or impede the enforcement of any of Secured Party’s rights and/or remedies under this Agreement or under
any other instrument creating or evidencing any of the Secured Obligations or under which any of the Secured Obligations is outstanding or by which any of the Secured Obligations is secured or payment thereof is otherwise assured, and, to the extent
not prohibited by applicable law, Debtor hereby irrevocably waives the benefits of all such laws. 
 16. Except as otherwise specified in this Agreement, any notice, request, demand, consent or other communication under this Agreement shall be in writing and delivered in person or sent by telecopy, recognized
overnight courier or registered or certified mail, return receipt requested and postage prepaid, if to Debtor at 1301 6th Avenue West, Suite 300,
Bradenton, Florida 34205, Attention: Anne V. Lee, (941) 795-6161 (FAX), or if to Secured Party at c/o First Bank, 11901 Olive Boulevard, Creve Coeur, Missouri 63141, Attention: Dan Jasper, Telecopy No. (314) 995-8770, or at such other
address or telecopy number as either party may from time to time designate as its address or telecopy number for communications under this Agreement by notice so given. Such notices shall be deemed effective on the day on which delivered or sent if
delivered in person or sent by telecopy (with answerback confirmation received), on the first (1st) business day after the day on which sent, if sent
by recognized overnight courier or on the third (3rd) business day after the day on which mailed, if sent by registered or certified mail. 

 17. It is the intention of the parties hereto that this Agreement is entered into pursuant to the provisions of the Missouri
UCC. Any applicable provisions of the Missouri UCC, not specifically included herein, shall be deemed a part of this Agreement in the same manner as if set forth herein at length; and any provisions of this Agreement that might in any manner be in
conflict with any provision of the Missouri UCC shall be deemed to be modified so as not to be inconsistent with the Missouri UCC. In all respects this Agreement and all transactions, assignments and transfers hereunder, and all the rights of the
parties, shall be governed as to validity, construction, enforcement and in all other respects by the substantive laws of the State of Missouri (without reference to conflict of law principles); provided, however, that the perfection, the effect of
the perfection or non-perfection and the priority of the security interests and liens created by this Agreement shall in all respects be governed, construed, applied and enforced in accordance with the substantive laws of the applicable
jurisdiction. To the extent any provision of this Agreement is not enforceable under applicable law, such provision shall be deemed null and void and shall have no effect on the remaining portions of this Agreement. 
 18. This Agreement shall inure to the benefit of Secured Party and its successors and assigns (including, without limitation, any assignees of any of the
Secured Obligations) and shall be binding upon Debtor and its successors and assigns; provided, however, that Debtor may not assign, transfer or delegate any of its rights, obligations or duties under this Agreement without the prior written consent
of Secured Party. 
 19. This Agreement shall continue in full force and effect and the security interests and liens granted hereby and all
of the representations, warranties, covenants and agreements of Debtor hereunder and all of the terms, conditions and provisions hereof relating thereto shall continue to be fully operative until such time as (a) Debtor shall have paid or
caused to be paid, or otherwise discharged, all of the Secured Obligations, (b) no letters of credit issued by Secured Party for the account and/or upon the application of Debtor shall remain outstanding and (c) there shall be no remaining
commitment or obligation of Secured Party to advance funds, make loans or extend credit to Debtor. If claim is ever made on Secured Party for repayment or recovery of any amount or amounts received by Secured Party in payment or on account of any of
the Secured Obligations (including payment under a guaranty or from application of collateral) and Secured Party repays all or part of said amount by reason of (a) any judgment, decree or order of any court or administrative body having
jurisdiction over Secured Party or any property or assets of Secured Party or (b) any settlement or compromise of any such claim effected by Secured Party with any such claimant (including, without limitation, Debtor), then and in such event
Debtor agrees that any such judgment, decree, order, settlement or compromise shall be binding on Debtor, notwithstanding any cancellation of any note or other instrument or agreement evidencing such Secured Obligations or of this Agreement, and
this Agreement shall continue to be effective or be reinstated, as the case may be, and shall secure the payment of the amount so repaid or recovered to the same extent as if such amount 

  

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had never originally been received by Secured Party. This Agreement shall continue to be effective or be reinstated, as the case may be, if (a) at any
time any payment of any of the Secured Obligations is rescinded or must otherwise be returned by Secured Party upon the insolvency, bankruptcy or reorganization of Debtor or otherwise, all as though such payment had not been made or (b) this
Agreement is released in consideration of a payment of money or transfer of property or grant of a security interest by Debtor or any other person or entity and such payment, transfer or grant is rescinded or must otherwise be returned by Secured
Party upon the insolvency, bankruptcy or reorganization of such person or entity or otherwise, all as though such payment, transfer or grant had not been made. Upon payment in full by Debtor of all Secured Obligations, Secured Party will deliver to
Debtor any original Pledged Notes and related instruments that were previously delivered to Secured Party. 
 20. All terms defined in the
Missouri UCC and used in this Agreement shall have the same definitions herein as specified therein. However, if a term is defined in Article 9 of the Missouri UCC differently than in another Article of the Missouri UCC, then the term shall have the
meaning specified in Article 9 of the Missouri UCC. 
 21. DEBTOR HEREBY IRREVOCABLY (A) SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF
ANY MISSOURI STATE COURT SITTING IN ST. LOUIS COUNTY, MISSOURI OR ANY UNITED STATES OF AMERICA COURT SITTING IN THE EASTERN DISTRICT OF MISSOURI, EASTERN DIVISION, AS SECURED PARTY MAY ELECT, IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT, (B) AGREES THAT ALL CLAIMS IN RESPECT TO ANY SUCH SUIT, ACTION OR PROCEEDING MAY BE HELD AND DETERMINED IN ANY OF SUCH COURTS, (C) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH DEBTOR MAY
NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT, (D) WAIVES ANY CLAIM THAT SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM AND
(E) WAIVES ALL RIGHTS OF ANY OTHER JURISDICTION WHICH DEBTOR MAY NOW OR HEREAFTER HAVE BY REASON OF ITS PRESENT OR SUBSEQUENT DOMICILES. DEBTOR (AND BY ITS ACCEPTANCE HEREOF, SECURED PARTY) IRREVOCABLY WAIVE THE RIGHT TO TRIAL BY JURY WITH
RESPECT TO ANY ACTION IN WHICH DEBTOR AND SECURED PARTY ARE PARTIES RELATING TO OR ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT. 
 This Agreement executed by Debtor as of August 17, 2007. 
 (SIGNATURES ON FOLLOWING PAGE) 
  

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 SIGNATURE PAGE- 
 COLLATERAL PLEDGE AGREEMENT 
  

			
	 Debtor:

	
	 COAST BANK OF FLORIDA

		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

 Acknowledged by and agreed to by Secured Party as of August 17, 2007: 
 Secured Party: 
 FIRST BANKS, INC. 
  

			
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

  

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 EXHIBIT A 
 (List of Pledged Notes and Pledged Mortgages)

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