Document:

Stock Pledge Agreement

 Exhibit 10.14 
  
 STOCK PLEDGE AGREEMENT 
  
 THIS STOCK PLEDGE AGREEMENT (the “Agreement”), dated as of the      day of December, 2005, by THE
FRANCIS E. O’DONNELL, JR. IRREVOCABLE TRUST NO. 1 DATED MAY 25, 1990 (“Pledgor”), to
MISSOURI STATE BANK AND TRUST COMPANY, a Missouri banking corporation (“Secured Party”). 
  
 WHEREAS, ACCENTIA BIOPHARMACEUTICALS,
INC., a Florida corporation, is indebted to Secured Party for borrowed money evidenced by its promissory note dated as of even date herewith (the “Note”) issued pursuant to a Revolving Credit Agreement (the “Loan
Agreement”) also dated as of even date herewith; and 
  
 WHEREAS, the Note is guaranteed by, among others, Pledgor, pursuant to that certain Continuing Contract of Guaranty, dated December 30, 2005 (the “Guaranty”); and 
  
 WHEREAS, Pledgor is the owner of those securities more particularly described on Schedule 1 hereto (the
“Pledged Securities”), and has agreed to pledge the same to secure the obligation of Pledgor under the Guaranty; and 
  
 WHEREAS, capitalized terms used herein which are defined in the Loan Agreement shall have the meanings when used herein. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
  
 SECTION 1. Pledge. Pledgor hereby pledges to Secured Party and grants to Secured Party a security interest in the Pledged Securities and the instruments, if any, at any time representing the Pledged Securities,
and all dividends and other property from time to time received, receivable, or otherwise distributed in respect of or in exchange for any or all of the Pledged Securities (collectively, the “Collateral”). 
  
 SECTION 2. Security for Obligations. This Agreement, and the
Collateral, secures (a) payment and performance of all obligations of Pledgor now or hereafter existing under the Guaranty and the Note and (b) all obligations of Pledgor now or hereafter existing under this Agreement (all such obligations
being hereinafter referred to as the “Obligations”). 
  
 SECTION 3. Delivery of Collateral. All certificates or instruments, if any, from time-to-time representing or evidencing the Collateral shall be delivered to and held by or on behalf of Secured Party pursuant hereto and shall be in
suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. Any Collateral that is not represented by a certificate or
other instrument and is reflected solely in book entry form shall be transferred to and maintained in an account with Secured Party, and Secured Party shall be entitled at any time to register such non-certificate Collateral in the name of Secured
Party or its nominee or nominees. 

 SECTION 4. Representations and Warranties. Pledgor represents and warrants as follows: 

 
 (a) Pledgor is the legal and beneficial owner of the
Collateral free and clear of any lien, security interest, option, or other charge or encumbrance, except for the security interest created by this Agreement. 
  

(b) The pledge of the Collateral pursuant to this Agreement creates a valid and perfected first priority security interest in the
Collateral, securing the payment of the Obligations. 
  
 (c) No authorization, approval, or other action by, and no notice to or filing with, any governmental authority or regulatory body is required either (i) for the pledge by Pledgor of the Collateral pursuant to this Agreement or for the
execution, delivery, or performance of this Agreement by Pledgor or (ii) for the exercise by Secured Party of the rights provided for in this Agreement or the remedies in respect of the Collateral pursuant to this Agreement. 
  
 SECTION 5. Further Assurances. Pledgor agrees that at any time and
from time to time, at the expense of Pledgor, it will promptly execute and deliver all further instruments and documents, and take all further actions, that may be necessary or desirable, or that Secured Party may request, in order to perfect and
protect any security interest granted or purported to be granted hereby or to enable Secured Party to exercise and enforce its rights and remedies hereunder with respect to any of the Collateral. 
  
 SECTION 6. Dividends; Distributions; Voting Rights. 
  
 (a) So long as no “Event of Default” (as that term
is hereinafter defined) or event which, with the giving of notice or the lapse of time, or both, would become an Event of Default, shall have occurred and be continuing, Pledgor shall be entitled, except as otherwise provided in subsection
(b) below, (i) to receive and retain all cash dividends and distributions in respect of the Collateral, other than cash dividends or distributions in connection with a partial or complete liquidation or dissolution, and (ii) to
exercise all voting and consensual rights pertaining to the Collateral for any purpose not inconsistent with this Agreement. Secured Party shall either pay over to Pledgor the amounts paid in respect of the Pledged Collateral or deposit the same in
Pledgor’s account with Secured Party, as directed by Pledgor. 
  
 (b) If, while this Agreement is in effect, Pledgor shall become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend or a
distribution in connection with any reclassification, increase or reduction of capital, or issued in connection with any reorganization), option or rights, whether as an addition to, in substitution for or in exchange for any shares of any of the
Pledged Securities, Pledgor shall accept the same as agent for Secured Party and shall immediately deliver the same to Secured Party in the exact form received, with the endorsement of Pledgor when necessary or with appropriate undated stock
transfer powers duly executed in blank, to be held by Secured Party as additional Collateral subject to the terms of this Agreement. 
  

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 (c) Upon the occurrence and during the continuance of an Event of Default or an event
which, with the giving of notice or the lapse of time, or both, would become an Event of Default, Secured Party shall be entitled to receive all cash dividends and distributions in respect of the Collateral, shall be entitled to vote the Collateral
and give consents, waivers and ratifications in respect of the Collateral, and shall be entitled to exercise all rights of conversion, exchange or subscription, and all other rights, privileges and options pertaining to any of the Collateral, as if
it were the absolute owner thereof, and in connection therewith, shall have the right to deposit and deliver any or all of the Collateral with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and
conditions as it may determine, all without liability except to account for property actually received by it, but Secured Party shall have no duty to exercise, and Pledgor shall have no duty to request the exercise of, any of the aforesaid rights,
privileges or options, and Secured Party shall have no responsibility whatsoever for any failure to do so or any delay in doing so. 
  
 (d) Pledgor shall execute and deliver or cause to be executed and delivered to Secured Party all proxies and other instruments as Secured
Party may reasonably request for the purpose of enabling Secured Party to exercise the voting and other rights which Secured Party is entitled to exercise and to receive all dividends which Secured Party is entitled to receive and retain pursuant to
this Section 6. 
  
 (e) All payments which
are received by Pledgor contrary to the provisions of this Section 6 shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of Pledgor and shall be forthwith paid over to Secured Party as additional
Collateral in the same form as so received (with any necessary endorsement). 
  
 SECTION 7. Transfers and Other Liens. Pledgor agrees that it will not (a) sell or otherwise dispose of, or grant any option with respect to, any of the Collateral, or (b) create or permit to exist any
lien, security interest, or other charge or encumbrance upon or with respect to any of the Collateral, except for the security interest under this Agreement. 
  
 SECTION 8. Secured Party Appointed Attorney-in-Fact. Pledgor hereby appoints Secured Party Pledgor’s attorney-in-fact, with full authority in
the place and stead of Pledgor and in the name of Pledgor or otherwise, from time to time in Secured Party’s discretion to take any action and to execute any instrument which Secured Party may deem necessary or advisable to accomplish the
purposes of this Agreement, including, without limitation, to receive, endorse and collect all instruments made payable to Pledgor representing any dividend or other distribution in respect of the Collateral or any part thereof and to give full
discharge for the same. 
  

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 SECTION 9. Secured Party May Perform. If Pledgor fails to perform any agreement contained herein,
Secured Party may itself perform, or cause performance of, such agreement, and the expenses of Secured Party incurred in connection therewith shall be payable by Pledgor under Section 13. 
  
 SECTION 10. Reasonable Care. Secured Party shall be deemed to have
exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which Secured Party accords its own property, it being understood that Secured Party
shall not have any responsibility for (a) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders, or other matters relative to any Collateral, whether or not Secured Party has or is deemed to have
knowledge of such matters, or (b) taking any necessary steps to preserve rights against any parties with respect to any Collateral. 
  
 SECTION 11. Events of Default. For purposes of this Agreement, the following shall be Events of Default: 
  
 (a) any representation made by Pledgor in this Agreement or
in any other document or instrument delivered to Secured Party in connection with the Guaranty is untrue in any respect which in the reasonable judgment of Secured Party is material, or any warranty herein by Pledgor is not fulfilled in any material
respect; 
  
 (b) either Guarantor defaults in the
due and punctual payment of any amount due under the Guaranty as and when the same becomes due and payable as therein provided, and such default remains uncorrected after any applicable cure period; 
  
 (c) Pledgor defaults in the due and punctual performance of
any of the other covenants or agreements contained in this Agreement, and such default is not remedied to the satisfaction of Secured Party within twenty (20) days after written notice by Secured Party to Pledgor to remedy the same, or either
Guarantor defaults in the due and punctual performance of the covenants and agreements contained in the Guaranty and such default is not cured within the applicable cure period; and 
  
 (d) the occurrence of any other event of default under the Guaranty and such default is not cured within the
applicable cure period. 
  
 SECTION 12. Remedies Upon
Default. If any Event of Default shall have occurred and be continuing: 
  
 (a) Secured Party may exercise in respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise available to it, all the rights and remedies of a secured party on default under
the Uniform Commercial Code in effect in the State of Missouri at that time (the “Code”), and Secured Party may also, without notice except as specified below, sell the Collateral or any part thereof in one or more parcels at public or
private sale, at any exchange, broker’s board or at any of Secured Party’s offices or elsewhere, for cash, on credit or for 

  

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future delivery, and upon such other terms as Secured Party may deem commercially reasonable. Pledgor agrees that, to the extent notice of sale shall be
required by law, at least ten (10) days’ notice to Pledgor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. Secured Party shall not be obligated to
make any sale of Collateral regardless of notice of sale having been given. Secured Party may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be
made at the time and place to which it was so adjourned. With respect to any of the Collateral that consists of securities not registered under the securities laws of the United States or any state, Pledgor agrees that it shall be commercially
reasonable for Secured Party to sell the Collateral to a buyer who will represent that he is purchasing solely for investment and not with a view to the resale or distribution of such securities, or in such other manner as counsel for Secured Party
may require to comply with applicable securities laws. 
  
 (b) Any cash held by Secured Party as Collateral and all cash proceeds received by Secured Party in respect of any sale of, collection from, or other realization upon all or any part of the Collateral may, in the discretion of Secured
Party, be held by Secured Party as collateral for, and/or then or at any time thereafter applied (after payment of any amounts payable to Secured Party pursuant to Section 12) in whole or in part by Secured Party against, all or any part of the
Obligations in such order as Secured Party shall elect. Any surplus of such cash or cash proceeds held by Secured Party and remaining after payment in full of all the Obligations shall be paid over to Pledgor or to whomsoever may be lawfully
entitled to receive such surplus. 
  
 (c) The
rights and remedies provided to Secured Party under this Agreement are cumulative, and may be exercised singly or concurrently, and are not exclusive of any other rights or remedies provided by law or equity. 
  
 SECTION 13. Expenses. Pledgor will upon demand pay to Secured Party
the amount of any and all reasonable expenses, including the reasonable fees and expenses of its counsel and of any experts and agents, which Secured Party may incur in connection with (a) the administration of this Agreement, (b) the
custody or preservation of, or the sale of, collection from, or other realization upon, any of the Collateral, (c) the exercise or enforcement of any of the rights of Secured Party hereunder or (d) the failure by Pledgor to perform or
observe any of the provisions hereof. 
  
 SECTION 14. Security
Interest Absolute. All rights of Secured Party and security interest hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: 
  
 (a) any lack of validity or enforceability of the Guaranty or any other agreement or instrument relating
thereto; 
  

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 (b) any change in the time, manner or place of payment of, or in any other term of, all
or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Guaranty; 
  
 (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from
any guaranty, for all or any of the Obligations; or 
  
 (d) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor. 
  
 To the extent permitted by applicable law, Pledgor waives all claims, damages and demands against Secured Party arising out of the retention or sale of the Collateral.

  
 SECTION 15. Amendments, Waiver. No amendment or waiver
of any provision of this Agreement nor consent to any departure by Pledgor herefrom, shall in any event be effective unless the same shall be in writing and signed by Secured Party, and then such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given. 
  
 SECTION 16. Addresses for Notices. All notices and other communications provided for hereunder shall be given in the manner set forth in the Guaranty. 
  
 SECTION 17. Continuing Security Interest; Transfer of Rights. This Agreement shall create a continuing security
interest in the Collateral and shall (a) remain in full force and effect until payment in full of the Obligations, (b) be binding upon Pledgor and its successors and assigns, and (c) inure to the benefit of Secured Party and its
successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), Secured Party may assign or otherwise transfer its rights under the Guaranty, or grant participating interests therein, to any other person or entity,
and such person or entity shall thereupon become vested with the benefits in respect thereof granted to Secured Party herein or otherwise. Upon the payment in full of the Obligations, Pledgor shall be entitled to the return, upon its request and at
its expense, of such of the Collateral as shall not have been otherwise applied pursuant to the terms hereof. 
  
 SECTION 18. Revival of Obligations. To the extent that Pledgor makes a payment or payments to Secured Party or Secured Party enforces its
security interest and lien or exercises its right of set-off, and such payment or payments or the proceeds of such enforcement or set-off or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or
required to be repaid to a trustee, receiver or other party under Bankruptcy Code, state or federal law, common law or equitable cause, then, to the extent of such recovery, the liability or part thereof originally intended to be satisfied shall be
revived and continued in full force and effect as if such payment had not been made or such enforcement or set-off had not occurred and shall be part of the obligations secured by the Collateral. 
  
 SECTION 19. Termination. Upon payment in full of the Obligations in
accordance with their terms, and all other sums secured by this Agreement, this Agreement shall terminate and Pledgor shall be entitled to the return of all Collateral not theretofore sold pursuant to the provisions hereof, together with all money
at the time held by Secured Party as additional security hereunder. 
  

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 SECTION 20. Governing Law; Terms. This Agreement shall be governed by and construed in accordance
with the laws of the State of Missouri. Unless otherwise defined herein, terms defined in Article 9 of the Uniform Commercial Code in the State of Missouri are used herein as therein defined. 
  
 IN WITNESS WHEREOF, Pledgor has executed this Agreement as of the date first
above written. 
  

	
	  

 Kathleen M. O’Donnell, as trustee

	 and not individually, of the Francis E. O’Donnell,
 Jr. Irrevocable Trust No. 1 dated May 25, 1990

  

			
	 MISSOURI STATE BANK AND TRUST
COMPANY

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

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 SCHEDULE 1Securities Pledge Agreement

 Exhibit 10.15 
  
 SECURITIES PLEDGE AND SECURITY AGREEMENT 
  
 This Securities Pledge and Security Agreement (the “Agreement”) is made and entered into this
     day of December, 2005, by and between DENNIS L. RYLL (the Pledgor”) and MISSOURI STATE BANK AND TRUST COMPANY (the “Secured Party”). 
  
 WHEREAS, ACCENTIA BIOPHARMACEUTICALS, INC., a Florida corporation, is indebted to Secured Party for borrowed money evidenced
by its promissory note dated as of even date herewith in the amount of Three Million Dollars ($3,000,000) (the “Note”) issued pursuant to a Revolving Credit Agreement (the “Loan Agreement”) also dated as of even date herewith;
and 
  
 WHEREAS, the Note is guaranteed by, among others, Pledgor,
pursuant to that certain Continuing Contract of Guaranty, dated December 30, 2005 (the “Guaranty”); and 
  
 WHEREAS, Pledgor is the owner of certain securities more particularly described on Schedule 1 hereto which are held by H&R Block Financial Advisors
(“H&R Block”) and which Pledgor has agreed to pledge to Lender to secure the obligations of Pledgor under the Guaranty; and 
  
 WHEREAS, capitalized terms used herein which are defined in the Loan Agreement shall have the same meanings when used herein. 
  
 NOW THEREFORE, for good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged the parties hereto hereby agree as follows: 
  
 1. GRANT OF SECURITY INTEREST. For valuable consideration, the receipt of which is hereby acknowledged, Pledgor hereby assigns, transfers and pledges to Secured Party all right, title and interest of Pledgor in
and to, and hereby gives and grants to Secured Party a security interest in and to that certain Margin - Account Pledge and Collateral Assignment Account No. 56674876 (the “Account”) which has been established pursuant to that certain
Margin - Account Pledge and Collateral Assignment dated as of December     , 2005 (the “Control Agreement”), a copy of which is attached hereto as Exhibit A and by this reference incorporated herein, which
Account initially consists of those assets more particularly described on Schedule 1 hereto, together with proceeds thereof, all substitutions therefor, all accruals and accessions thereto and all monies, dividends, rights payments, shares and
property received with respect thereto, or to which Pledgor may be entitled as a result of Pledgor’s ownership thereof, including, but not limited to, those by way of corporate reorganization, liquidation, split or change in capital structure,
all of which will be promptly delivered to the holder hereof duly endorsed, if endorsement is required, and in proper form for transfer (all of the foregoing being hereinafter referred to as the “Collateral”). Notwithstanding the foregoing
to the contrary, Secured Party hereby acknowledges that Pledgor, as part of Pledgor’s estate planning, may from time to time desire to gift, transfer or otherwise convey certain of the assets constituting the Collateral and Secured Party hereby
consents to same provided that (i) Pledgor is not then in default hereunder or under the Note, and no event which with the passage of time or the giving of notice or both could become an event of default hereunder or under the Note has occurred, and
(ii) collateral of equal value is transferred to H&R Block for credit to the Account and the Control Agreement is amended accordingly. 

 2. OBLIGATIONS SECURED. The assignment, transfer, pledge and security interest granted hereby is
to secure: (a) the payment and performance of Pledgor’s obligations to Secured Party as evidenced by that certain Continuing Contract of Guaranty dated as of even date herewith (the “Guaranty”); and (b) the performance of
Pledgor’s obligations under this Agreement (all of the foregoing being hereinafter referred to as the “Obligations”). 
  
 3. WARRANTIES AND COVENANTS OF PLEDGOR. Pledgor hereby warrants and covenants that: 
  
 A. All stock certificates, bonds, receipts, confirmations and other documents in the possession of Pledgor which evidence
any of the Collateral described above, or any interest therein, have been, or will be, delivered into the possession of H&R Block for credit to the Account and shall be held by H&R Block as security for the Obligations in accordance with the
terms of the Control Agreement. Pledgor hereby agrees to execute any and all documents and notices in addition to this Agreement (including, but not limited to, stock or bond powers or transfer instructions) as may be necessary to effect a transfer
of the Collateral to H&R Block for credit to the Account. In the event that the Collateral includes book-entry or other uncertificated securities or instruments, or a quantity of securities which constitute or are part of a fungible bulk of
certificated and uncertificated securities, or if Pledgor’s interest in any of the collateral is reflected by entries or notations on the books of a third party (including, but not limited to any issuer, financial intermediary, depository or
clearing corporation, Pledgor hereby agrees to execute any and all documents and to do any and all things, including the giving of written instructions to all issuers, depositories, financial intermediaries, clearing corporations or other third
parties on whose books or records evidence of ownership of the Collateral is maintained, in order to transfer such securities to H&R Block for credit to the Account and complete, effect, confirm and perfect the security interest therein which is
granted hereunder. 
  
 B. If Pledgor’s interest in any of
the collateral is reflected on the books and records of any issuer, depository, financial intermediary or other third party, such issuer, depository, financial intermediary or third party is hereby authorized and instructed to transfer such
Collateral, and all of Pledgor’s right, title and interest therein, to H&R Block for credit to the Account 
  
 C. Pledgor agrees to pay promptly all taxes, fees and charges of any kind on the purchase, transfer or ownership of the Collateral, and further agrees
that if Pledgor does not, Secured Party is authorized to do so and to add the amount of the same to the Obligations of any Pledgor to Secured Party. 
  
 D. Pledgor hereby agrees that the value of the Collateral held in the Account shall at all times be sufficient to support a loan to value ratio of fifty
percent (50%) based upon the from time to time outstanding principal balance of the Note. In the event the value of the Collateral does not meet such requirement, Pledgor hereby agrees to cause, substitute or additional collateral to be transferred
to H&R Block for credit to the Account so as to comply with this covenant and the Control Agreement is amended accordingly. 
  
 4. APPOINTMENT OF AGENTS AND CUSTODIANS; REGISTRATION IN NOMINEE NAME. Secured Party shall have the right to appoint one or more agents or 

  

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 custodians for the purpose of retaining physical possession of the certificates representing or evidencing the
Collateral, or for the purpose of being a depository or financial intermediary or agent on whose books or records evidence of any securities that are included within the Collateral is maintained. 
  
 5. EVENTS OF DEFAULT; REMEDIES UPON DEFAULT. For purposes of
this Agreement, the following shall be Events of Default: 
  
 A.
any representation made by Pledgor in this Agreement or in any other document or instrument delivered to Secured Party in connection with the Guaranty is untrue in any respect which in the reasonable judgment of Secured Party is material, or any
warranty herein by Pledgor is not fulfilled in any material respect; 
  
 B. any Guarantor defaults in the due and punctual payment of any amount due under the Guaranty as and when the same becomes due and payable as therein provided, and such default remains uncorrected after any applicable cure period;

  
 C. Pledgor defaults in the due and punctual performance of any
of the other covenants or agreements contained in this Agreement, and such default is not remedied to the satisfaction of Secured Party within twenty (20) days after written notice by Secured Party to Pledgor to remedy the same. 
  
 D. the occurrence of any other event of default under the Guaranty and such
default is not cured within the applicable cure period. 
  
 If any
Event of Default shall have occurred and be continuing: 
  
 A.
Secured Party may exercise in respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise available to it, all the rights and remedies of a secured party on default under the Uniform Commercial Code in effect
in the State of Missouri at that time (the “Code”), and Secured Party may also, without notice except as specified below, sell the Collateral or any part thereof in one or more parcels at public or private sale, at any exchange,
broker’s board or at any of Secured Party’s offices or elsewhere, for cash, on credit or for future delivery, and upon such other terms as Secured Party may deem commercially reasonable. Pledgor agrees that, to the extent notice of sale
shall be required by law, at least ten (10) days’ notice to Pledgor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. Secured Party shall not be obligated
to make any sale of Collateral regardless of notice of sale having been given. Secured Party may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be
made at the time and place to which it was so adjourned. With respect to any of the Collateral that consists of securities not registered under the securities laws of the United States or any state, Pledgor agrees that it shall be commercially
reasonable for Secured Party to sell the Collateral to a buyer who will represent that he is purchasing solely for investment and not with a view to the resale or distribution of such securities, or in such other manner as counsel for Secured Party
may require to comply with applicable securities laws. 
  

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 B. Any cash held by Secured Party as Collateral and all cash proceeds received by Secured Party in
respect of any sale of, collection from, or other realization upon all or any part of the Collateral may, in the discretion of Secured Party, be held by Secured Party as collateral for, and/or then or at any time thereafter applied (after payment of
any expenses incurred by Secured Party pursuant to Section 5A. above) in whole or in part by Secured Party against, all or any part of the Obligations in such order as Secured Party shall elect. Any surplus of such cash or cash proceeds held by
Secured Party and remaining after payment in full of all the Obligations shall be paid over to Pledgor or to whomsoever may be lawfully entitled to receive such surplus. 
  
 C. The rights and remedies provided to Secured Party under this Agreement are cumulative, and may be exercised singly or
concurrently, and are not exclusive of any other rights or remedies provided by law or equity. 
  
 6. VOTING RIGHTS, DIVIDENDS, REPLACEMENT OF COLLATERAL. 
  
 A. So long as there has not occurred an Event of Default, or any event which with the giving of notice or the lapse of time, or both, would be such an
Event of Default, Pledgor shall be entitled to exercise any and all voting rights and powers relating or pertaining to the Collateral or any part thereof for any purpose consistent with the terms of this Agreement. 
  
 B. So long as there has not occurred an Event of Default, or an event which
with the giving of notice or the lapse of time, or both, would be such an Event of Default, Pledgor shall be entitled to receive and retain any and all cash dividends and distributions, if any, paid on the Collateral. Any and all stock and/or
liquidating dividends, distributions in property, redemptions or other distributions made on or in respect of the Collateral, whether resulting from a subdivision, combination or reclassification of the outstanding capital stock of the issuer
thereof or received in exchange for Collateral or any part thereof or as a result of any merger, consolidation, acquisition or other exchange of assets to which issuer or Pledgor may be a party or otherwise, and any and all cash and other property
received in payment of the principal of or in redemption of or in exchange for any Collateral (either as maturity, upon call for redemption or otherwise), shall become part of the Collateral and, if received by Pledgor, shall be held in trust for
the benefit of Secured Party and shall forthwith be delivered to Secured Party or it designated agent or nominee (accompanied by proper instruments of assignment and/or stock powers executed by Pledgor in accordance with Secured Party’s
instructions) to be held subject to the terms of this Agreement. 
  
 C. Upon the occurrence of any Event of Default, or any event which with the giving of notice or the lapse of time, or both, would be such an Event of Default, at the option of Secured Party: (i) all rights of Pledgor to exercise or refrain
from exercising, the voting rights and powers which Pledgor is entitled to exercise, pursuant to Section 6.A. above, shall cease, and all such rights shall thereupon be become vested in Secured Party, which shall have the sole and exclusive right
and authority to exercise, or refrain from exercising, such voting and/or consensual rights and powers; and (ii) the Secured Party shall receive and be entitled to retain any and all cash dividends and distributions, if any, paid in respect of the
Collateral. Any and all money and other property paid over to or received by the Secured Party, pursuant to the provisions of this Section or Section 6.B. above, shall be retained by the Secured Party as part of the Collateral and be governed by,
and applied in accordance with, the provisions hereof. 
  

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 7. SECURED PARTY APPOINTED ATTORNEY-IN-FACT. Pledgor hereby appoints Secured Party as
Pledgor’s attorney-in-fact for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument which Secured Party may deem necessary or advisable to accomplish the purposes hereof, which
appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, Secured Party shall, to the extent permitted under Section 4 hereof, have the right and power to receive, endorse and collect all checks and
other orders for the payment of money made payable to Pledgor representing any dividend, interest payment or other distribution payable or distributable in respect of the Collateral or any part thereof and to give full discharge for the same.

  
 8. MISCELLANEOUS. 
  
 A. No Waiver. No failure on the part of Secured Party to exercise, and no
delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right, power or remedy by Secured Party preclude any other or further exercise thereof or the exercise
of any other right, power or remedy. All remedies hereunder are cumulative and not exclusive of any other remedies provided by law. Secured Party may extend or renew the Obligations, and grant releases, compromises or indulgences with respect to the
Obligations or any extension or renewal thereof or any security therefor or to any obligor hereunder or thereunder, and no such action shall impair Secured Party’s rights hereunder. 
  
 B. Termination. This Agreement shall terminate when the Obligations have been fully performed and paid and when
Secured Party has no obligation to extend credit or make payments to or for the benefit of Pledgor, at which time Secured Party shall release, reassign and re-deliver (or cause to be so released, reassigned and re-delivered) to Pledgor, without
recourse or warranty and at the expense of Pledgor against receipt, such of the Collateral (if any) as shall not have been sold or otherwise applied by Secured Party pursuant to the terms hereof and which is still held by Secured Party hereunder
together with appropriate instruments of reassignment and release. 
  
 C. Addresses for Notices. All notices, requests, demands, directors and other communications provided for hereunder shall be in writing and shall be mailed, telefaxed, telegraphed, sent by overnight mail or hand delivered to the
applicable party at the addresses indicated below: 
  

			
	If to Pledgor:	  	Dennis L. Ryll, M.D.
	 	  	2595 Red Springs Drive
	 	  	Las Vegas, Nevada 89135-1512
		
	and	  	Dennis L. Ryll, M.D.
	 	  	1029 Speckledwood Manor Court
	 	  	Chesterfield, Missouri 63017

  

 5 

			
	If to Secured Party:	 	Missouri State Bank and Trust Company
	 	 	12452 Olive Street Road
	 	 	Creve Coeur, Missouri 63141
	 	 	Attention: Kurt Kientzle

  
 or, as to either party, to such other
address as such party shall specify by a notice in writing to the other party. 
  
 D. Further Assurances. Pledgor agrees to do such further acts and things, and to execute and deliver such additional instructions, conveyances, assignments, agreements and instruments, as Secured Party may at
any time reasonably request in connection with the administration or enforcement of this Agreement (including, without limitation, to aid Secured Party in the transfer of, or perfection of a security interest in, or the sale of, all or any part of
the Collateral) or related to the Collateral or any part thereof or in order to better assure and confirm unto Secured Party its rights, powers and remedies hereunder. Pledgor hereby consents and agrees that the issuer of the Collateral, or any
register or transfer agent for any of the Collateral, shall be entitled to accept the provisions hereof as conclusive evidence of the right of Secured Party to effect any transfer pursuant hereto, notwithstanding any other notice or direction to the
contrary heretofore or hereafter given by Pledgor or any other person to such issuer or to any such registrar or transfer agent. 
  
 E. Binding Agreement; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto, their respective legal
representatives, successors and assigns, except that Pledgor shall not be permitted to assign this Agreement or any interest herein or in the Collateral, or any part thereof, or otherwise pledge, encumber or grant any option with respect to the
Collateral, or any part thereof, or any cash or property held by Secured Party as Collateral under this Agreement. 
  
 F. Governing Law; Amendments. This Agreement shall be governed by the laws of the State of Missouri. No provision of this Agreement may be amended,
waived or modified, nor may any of the Collateral be released, unless specifically provided for herein, except in writing, signed by Secured Party. 
  
 G. Headings. Paragraph headings used herein are for convenience only and shall not affect the construction of this Agreement. 
  
 [Remainder of page left intentionally blank.] 
  

 6 

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

  

			
	PLEDGOR:
	
	

	Dennis L. Ryll
	
	SECURED PARTY:
	
	MISSOURI STATE BANK AND TRUST COMPANY
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 7

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