Document:

Forms of Subscription Agreements Under the Employee Stock Purchase Plan

 Exhibit 10.19 
  
 EXHIBIT A 
  
 DOLBY LABORATORIES, INC. 
  
 EMPLOYEE STOCK PURCHASE PLAN 
  
 SUBSCRIPTION AGREEMENT 
  

							
	              Original Application
	  	Offering Date:                
	              Change in Payroll Deduction
Rate
	  	 
	              Change of Beneficiary(ies)
	  	 

  

	1.	                                 hereby elects to participate in the
Dolby Laboratories, Inc. Employee Stock Purchase Plan (the “Employee Stock Purchase Plan”) and subscribes to purchase shares of the Company’s Common Stock in accordance with this Subscription Agreement and the Employee Stock Purchase
Plan. 

  

	2.	I hereby authorize payroll deductions from each paycheck in the amount of             % of my Compensation on each
pay day (from 0 to 10%) during the Offering Period in accordance with the Employee Stock Purchase Plan. (Please note that no fractional percentages are permitted.) 

  

	3.	I understand that said payroll deductions shall be accumulated for the purchase of shares of Common Stock at the applicable Purchase Price determined in accordance with the Employee
Stock Purchase Plan. I understand that if I do not withdraw from an Offering Period, any accumulated payroll deductions will be used to automatically exercise my option. 

  

	4.	I have received a copy of the complete Employee Stock Purchase Plan. I understand that my participation in the Employee Stock Purchase Plan is in all respects subject to the terms
of the Plan. 

  

	5.	Shares purchased for me under the Employee Stock Purchase Plan should be issued in the name(s) of (Eligible Employee or Eligible Employee and Spouse only). 

 

	6.	 I understand that if I dispose of any shares received by me pursuant to the Plan within 2 years after the Offering Date (the first day of the Offering Period during
which I purchased such shares) or one year after the Exercise Date, I will be treated for federal income tax purposes as having received ordinary income at the time of such disposition in an amount equal to the excess of the fair market value of the
shares at the time such shares were purchased by me over the price which I paid for the shares. I hereby agree to notify the Company in writing within 30 days after the date of any disposition of my shares and I will make adequate provision for
Federal, state or other tax withholding obligations, if any, which arise upon the disposition of the Common Stock. 

  

	 	 
The Company may, but will not be obligated to, withhold from my compensation the amount necessary to meet any applicable withholding obligation including any
withholding necessary to make available to the Company any tax deductions or benefits attributable to sale or early disposition of Common Stock by me. If I dispose of such shares at any time after the expiration of the 2-year and 1-year holding
periods, I understand that I will be treated for federal income tax purposes as having received income only at the time of such disposition, and that such income will be taxed as ordinary income only to the extent of an amount equal to the lesser of
(1) the excess of the fair market value of the shares at the time of such disposition over the purchase price which I paid for the shares, or (2) 5% of the fair market value of the shares on the first day of the Offering Period. The remainder of the
gain, if any, recognized on such disposition will be taxed as capital gain. 

  

	7.	I hereby agree to be bound by the terms of the Employee Stock Purchase Plan. The effectiveness of this Subscription Agreement is dependent upon my eligibility to participate in the
Employee Stock Purchase Plan. 

  

	8.	In the event of my death, I hereby designate the following as my beneficiary(ies) to receive all payments and shares due me under the Employee Stock Purchase Plan:

  

									
	 NAME: (Please print)
	  	 	  	 
	 	  	 	  	(First)	  	(Middle)	  	(Last)

  

							
	 	  	 	  	 
	 Relationship
	  	 	  	 
	 	  	 	  	 
	 Percentage Benefit
	  	 	  	 (Address)

  

									
	 NAME: (please print)
	  	 	  	 
	 	  	 	  	(First)	  	(Middle)	  	(Last)

  

							
	 	  	 	  	 
	 Relationship
	  	 	  	 
	 	  	 	  	 
	 Percentage of Benefit
	  	 	  	 (Address)

  

 2 

					
	 Employee’s Social
 Security Number:
	  	 	  	 
			
	Employee’s Address:	  	 	  	 
			
	 	  	 	  	 
			
	 	  	 	  	 

  
 I UNDERSTAND THAT THIS SUBSCRIPTION
AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY ME. 
  

									
					
	Dated:	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 Signature of Employee

									
					
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 Spouse’s Signature (If beneficiary other than spouse)

  

 3 

  
 EXHIBIT A

  
 DOLBY LABORATORIES, INC. 
  
 EMPLOYEE STOCK PURCHASE PLAN 
  
 SUBSCRIPTION AGREEMENT FOR UK EMPLOYEES 
  

							
	             Original Application	  	Enrollment Date:                
	             Change in Payroll Deduction Rate	  	 	  	 
	             Change of Beneficiary(ies)	  	 	  	 

  

	1.	                                 hereby elects to participate in the
Dolby Laboratories, Inc. Employee Stock Purchase Plan (the “Employee Stock Purchase Plan”) and subscribes to purchase shares of the Company’s Common Stock in accordance with this Subscription Agreement and the Employee Stock Purchase
Plan. My participation is subject to my entering into a Joint Election with the Company or a Designated Subsidiary within such period as the Company reasonably requires. For these purposes, a “Joint Election” means an election within the
meaning of paragraph 3B of Schedule 1 to the Social Security Contributions and Benefits Act 1992 in a form agreed with the Inland Revenue to transfer the liability for Employer’s (secondary) Class 1 National Insurance contributions to me.

  

	2.	I hereby authorize payroll deductions from each paycheck in the amount of         % of my Compensation on each payday (from 0% to 10%)
during the Offering Period in accordance with the Employee Stock Purchase Plan. (Please note that no fractional percentages are permitted.) 

  

	3.	I understand that said payroll deductions shall be accumulated for the purchase of shares of Common Stock at the applicable Purchase Price determined in accordance with the Employee
Stock Purchase Plan. I understand that if I do not withdraw from an Offering Period, any accumulated payroll deductions will be used to automatically exercise my option. 

  

	4.	I have received a copy of the complete Employee Stock Purchase Plan. I understand that my participation in the Employee Stock Purchase Plan is in all respects subject to the terms
of the Plan. 

  

	5.	Shares purchased for me under the Employee Stock Purchase Plan should be issued in the name(s) of (Employee or Employee and Spouse only): 

  

	6.	 I understand that upon the purchase of shares for me pursuant to the Employee Stock Purchase Plan, I may be liable for income tax via PAYE and employee’s and
employer’s 

  

	 	 
Class 1 National Insurance Contributions on the amount equal to the excess of the fair market value of shares at the time such shares were purchased by me
over the price which I paid for the shares. No shares will be purchased for me under the Employee Stock Purchase Plan unless I have paid to the Company and/or any Designated Subsidiary the Tax Liability (defined below) which has arisen or may arise
on a Trigger Event (defined (below). The Company shall not be obliged to allot and issue any shares pursuant to the purchase of shares for me under the Employee Stock Purchase Plan unless and until I have paid to the Company and/or any Designated
Subsidiary such sum as is, in the opinion of the Company, sufficient to indemnify the Company and/or any Designated Subsidiary in full against any liability the Company and/or any Designated Subsidiary has to account to the Inland Revenue for any
amount of, or representing, the Tax Liability, or I have made such other arrangement as in the opinion of the Company and/or any Designated Subsidiary will ensure that the full amount of any Tax Liability will be recovered from me within such period
as the Company may then determine. In the absence of such other arrangement being made, the Company and/or any Designated Subsidiary shall have the right to retain out of the aggregate number of shares to which I would have otherwise been entitled
upon the exercise of an option, such number of shares as, in the opinion of the Company, will enable the Company to sell as agent for me (at the best price which can reasonably expected to be obtained at the time of the sale) and to pay over to the
Company and/or any Designated Subsidiary sufficient monies out of the net proceeds of sale, after deduction of all fees, commissions and expenses incurred in relation to such sale, to satisfy the participants Tax Liability. The Company or any
Designated Subsidiary may, but will not be obligated to, withhold from my compensation the amount necessary to meet any Tax Liability arising on the exercise of the option. 

  
 For purposes of this Section 6, “Tax Liability” shall mean any
liability or obligation of the Company and/or any related corporation to account for income tax (under PAYE) or any other taxation provisions whether of the United Kingdom, United States of America or elsewhere and employee’s (primary) Class 1
National Insurance Contributions (“NICs”) in the United Kingdom and any liability to pay Employer’s (secondary) Class 1 NICs for which a Joint Election has been entered into to the extent arising from a Trigger Event or arising out of
the acquisition, retention and disposal of shares acquired pursuant to an option granted under the terms of the Employee Stock Purchase Plan. 
  
 For purposes of this Section 6, “Trigger Event” shall mean the grant, exercise, cancellation, release, assignment or other disposal of any
option acquired pursuant to the Employee Stock Purchase Plan. 
  

	7.	I hereby agree to be bound by the terms of the Employee Stock Purchase Plan. The effectiveness of this Subscription Agreement is dependent upon my eligibility to participate in the
Employee Stock Purchase Plan. 

  

 2 

	8.	In the event of my death, I hereby designate the following as my beneficiary(ies) to receive all payments and shares due me under the Employee Stock Purchase Plan:

  

									
	 NAME:
	  	(Please print)	  	 
	 	  	 	  	(First)	  	(Middle)	  	(Last)

  

					
	 	    	 	 	 
	Relationship	    	 	 	 
	 	    	 	 	 
	 	    	 	 	(Address)

  

			
	Employee’s National	  	 
	Insurance Number:	  	 
		
	Employee’s Address:	  	 
		
	 	  	 
		
	 	  	 

  
 I UNDERSTAND THAT THIS SUBSCRIPTION
AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY ME. 
  

									
	 	 	 	 	 
				
	 Dated:
	 	 	 	 	 	 
	 	 	 	 	 	 	 Signature of Employee

				
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 Spouse’s Signature (If beneficiary other than spouse)

  

 3Credit Agreement

  
 Exhibit 10.1

  
 CREDIT AGREEMENT 
  
 THIS CREDIT AGREEMENT is made and entered into this 14th day of January, 2005
by and between ENTERPRISE FINANCIAL SERVICES CORP., a Delaware corporation (the “Borrower”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the “Lender”). 
  
 The parties hereto hereby agree as follows: 
  
 SECTION 1. DEFINITIONS 
  
 1.1 Defined Terms. As used in this Agreement, the following terms have
the following meanings: 
  
 “Adjusted LIBOR Rate”
shall mean, for the applicable Loan, the per annum rate of interest equal to the sum of (a) the Daily Reset LIBOR Rate or the LIBOR Rate for the applicable Loan Period (as applicable) plus (b) 1.25%. 
  
 “Agreement” shall mean this Credit Agreement, as amended,
supplemented or modified from time to time. 
  
 “Business
Day” shall mean a day other than a Saturday, Sunday or other day on which the Lender is not open to the public for carrying on substantially all of its banking functions; provided, however, that, for purposes of determining
the Daily Reset LIBOR Rate, the LIBOR Rate or an applicable Loan Period for a Loan, references to Business Day shall mean any day (other than Saturday or Sunday) on which commercial banks are open for business in New York, New York. 
  
 “Code” shall mean the Internal Revenue Code of 1986, as
amended from time to time, and the regulations thereunder. 
  
 “Commitment” shall mean $15,000,000.00. 
  
 “Contingent Obligation” shall mean as to any Person, any obligation of such Person guaranteeing or otherwise becoming legally obligated for any Indebtedness, leases, dividends or other obligations (“primary
obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent (a) to purchase any such primary
obligation or any property constituting direct or indirect security therefor, (b) to advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor
or otherwise to maintain the net worth or solvency of the primary obligor, (c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make
payment of such primary obligation or (d) otherwise to assure or hold harmless the owner of such primary obligation against loss in respect thereof. 
  
 “Contractual Obligation” shall mean as to any Person, any provision of any security issued by such Person or of any agreement, instrument
or undertaking to which such Person is a party or by which it or any of its property is bound. 
  

 1 

 “Daily Reset LIBOR Loan” shall mean a Loan which accrues interest based upon the Daily
Reset LIBOR Rate as an index. 
  
 “Daily Reset LIBOR
Rate” shall mean the one month LIBOR rate quoted by Lender from Telerate Page 3750 or any successor thereto, which shall be that one-month LIBOR rate in effect and reset each Business Day, adjusted for any reserve requirement and any
subsequent costs arising from a change in government regulation. The Lender’s internal records of applicable interest rates shall be determinative in the absence of manifest error. 
  
 “Default Rate” shall mean the rate per annum which is three percent (3%) per annum in excess of the then
Adjusted LIBOR Rate. 
  
 “Environment” shall mean
any water, including, but not limited to, surface water and ground water or water vapor, any land, including land surface or subsurface, stream sediments, air, fish, wildlife, plants; and all other natural resources or environmental media.

  
 “Environmental Laws” shall mean all federal,
state and local environmental, land use, zoning, health, chemical use, safety and sanitation laws, statutes, ordinances, regulations, codes and rules relating to the protection of the Environment and/or governing the use, storage, treatment,
generation, transportation, processing, handling, production or disposal of hazardous substances, petroleum and petroleum products and the policies, guidelines, procedures, interpretations, decisions, orders and directives of federal, state and
local governmental agencies and authorities with respect thereto. 
  
 “Event of Default” shall mean any of the events specified in Section 8, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied. 
  
 “Funding Date” means any Business Day designated by the
Borrower as a day on which (a) a Loan is to be made or (b) a Loan Period is to be renewed or extended, each in accordance with the terms and conditions of this Agreement. 
  
 “Governmental Authority” shall mean any nation or government, any state or other political subdivision
thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 
  
 “Governmental Regulations” means any and all laws, statutes, ordinances, rules, regulations, judgments, writs, injunctions, decrees,
orders, awards and standards, or any similar requirement, of the government of the United States or any foreign government or any state, province, municipality or other political subdivision thereof or therein or any court, agency, instrumentality,
regulatory authority or commission of any of the foregoing. 
  
 “Hedge Agreement” means any agreement between the Borrower and the Lender or any affiliate of the Lender now existing or hereafter entered into, which provides for an interest rate or commodity swap, cap, floor, collar,
forward foreign exchange transaction, currency swap, 

  

 2 

 
cross-currency rate swap, currency option, or any combination of, or option with respect to, these or similar transactions as contemplated under this Credit
Agreement, for the purpose of hedging a Borrower’s exposure to fluctuations in interest rates, currency valuations or commodity prices. 
  
 “Indebtedness” shall mean as to any Person, at a particular time, (a) indebtedness for borrowed money or for the deferred purchase price
of property or services in respect of which such Person is an obligor and (b) obligations under leases which shall have been or should be, in accordance with generally accepted accounting principles (“GAAP”) and/or tax-basis accounting,
consistently applied, recorded as capital leases in respect of which obligations such Person is liable. 
  
 “Interest Differential” shall mean that sum equal to the greater of zero or the financial loss incurred by Lender resulting from
prepayment, calculated as the difference between the amount of interest Lender would have earned (from like investments in the Money Markets as of the first day of the LIBOR Loan) had prepayment not occurred and the interest Lender will actually
earn (from like investments in Money Markets as of the date of prepayment) as a result of the redeployment of funds from such prepayment. The Interest Differential shall not be discounted to its present value. 
  
 “LIBOR Loans” shall mean a Loan which accrues interest based
upon the LIBOR Rate as an index. 
  
 “LIBOR Rate”
means the one, two or three month LIBOR rate quoted by Lender from Telerate Page 3750 or any successor thereto (which shall be the LIBOR Rate in effect two Business Days prior to commencement of the applicable Loan), adjusted for any reserve
requirement and any subsequent costs arising from a change in government regulation. The Lender’s internal records of applicable interest rates shall be determinative in the absence of manifest error. 
  
 “Lien” shall mean any mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or other), or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, any conditional sale or other
title retention agreement, and any financing lease having substantially the same economic effect as any of the foregoing). 
  
 “Loan” shall mean an advance of loan proceeds made by the Lender to the Borrower pursuant to the Revolving Note and this Agreement and
“Loans” shall collectively refer to all such advances. 
  
 “Loan Documents” shall mean this Agreement, the Revolving Note, any Hedge Agreement and all other documents, certificates, resolutions and other agreements executed by the Borrower or any other party pursuant to or in
connection with this Agreement. 
  

 3 

 “Loan Period” means, with respect to each LIBOR Loan, the period commencing on the
Funding Date for such Loan and ending on the numerically corresponding day one (1) month, two (2) month or three (3) months thereafter matching the interest rate term selected by Borrower in the Notice of Borrowing submitted under Section 2.4;
provided, however, that: 
  
 a. if any Loan
Period would otherwise end on a day which is not a Business Day, then the Loan Period shall end on the next succeeding Business Day unless the next succeeding Business Day falls in another calendar month, in which case the Loan Period shall end on
the immediately preceding Business Day; 
  
 b. if
any Loan Period begins on the last 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 Loan Period) then the Loan Period shall end on the last Business Day of the
calendar month at the end of such Loan Period; 
  
 c. any Loan Period which would otherwise end after the Termination Date shall end on the Termination Date; and 
  
 d. the interest rate applicable to any Loan Period shall apply from and include the first day of such Loan Period to but excluding the
last day of such Loan Period. 
  
 “Person” shall
mean an individual, partnership, corporation, business trust, joint stock trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 
  
 “Prime Rate” means the prime or base rate of interest as announced by the Lender, as in effect from time to
time, which rate may not be the lowest rate charged by the Lender to any of its customers, and which Prime Rate shall change simultaneously with any change in such prime or base rate of interest. 
  
 “Revolving Note” shall mean the Revolving Credit Note of
even date herewith in the face amount of $15,000,000.00 from the Borrower, as maker, payable to the Lender, substantially in the form of Exhibit A. 
  
 “Requirements of Law” shall mean as to any Person, the Articles of Incorporation and Bylaws or other organizational or governing
documents of such Person, and any law, treaty, rule or regulation, or determination of any arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person
or any of its property is subject. 
  
 “Solvent”
shall mean, with respect to any Person on a particular determination date, that on such date (i) the fair value of the property of such Person is greater than the total amount of debts and other liabilities, including, without limitation, contingent
and unliquidated liabilities, of such Person, (ii) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, and (iii) such
Person does not intend to, and does not believe that it will, incur debts or other liabilities beyond such Person’s ability to pay as such debts and other liabilities mature or become due. 
  
 “Subsidiary” of any Person shall mean any other Person
(whether now existing or hereafter organized or acquired) in which at least a majority of the securities or other ownership interests of each class having ordinary voting power or analogous rights of such other Person are 

  

 4 

 
owned (other than securities or other ownership interests which at the time as of which any determination is being made, are owned or have such power or
right only by reason of the happening of a contingency), beneficially and of record, by such Person or by one or more of the other Subsidiaries of such Person or by any combination thereof. 
  
 “Subsidiary Bank” shall mean Enterprise Bank & Trust, a
Missouri trust company. 
  
 “Termination Date”
shall mean January 13, 2006. 
  
 1.2 Other Definition
Provisions. 
  
 (a) All terms defined in this
Agreement shall have the defined meanings when used in the Revolving Note or any other Loan Document. 
  
 (b) The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and section, subsection and exhibit references are to this Agreement unless otherwise specified. 
  
 SECTION 2. AMOUNT AND TERMS OF LOAN 
  
 2.1 Revolving Loan. The Loans shall be evidenced by the Revolving
Note. Subject to the terms and conditions of this Agreement, the Lender agrees to make Loans to the Borrower from time to time from and including the date hereof to but excluding the Termination Date, up to, but not exceeding at any time the
Commitment; provided, however, that the Lender shall have no obligation to make a Loan if an Event of Default exists or would result from such Loan. The Loans may be outstanding as Daily Reset LIBOR Loans or LIBOR Loans (each, a
“Type of Loan”). Within the limits of the Commitment and subject to the other terms and conditions of this Agreement, the Loans may be borrowed, repaid and reborrowed by the Borrower, in its discretion, from time to time prior to the
Termination Date. The Lender may, with three (3) Business Days prior notice to or the consent of Borrower, make a Loan to pay any principal due under the Loans, any interest due thereon or any fees, cash or expenses due from Borrower to the Lender
under this Agreement. 
  
 2.2 Principal Payments. Unless
earlier payment is required under this Agreement, the Loans shall be due and payable to the Lender on the Termination Date. If at any time the outstanding principal amount of the Loans made by the Lender shall exceed the Commitment, the Borrower
shall forthwith pay to the Lender an amount not less than the amount of any such excess for application to the outstanding principal amount of the Loans. If the Loan Period for any LIBOR Loan should happen to extend beyond the Termination Date, such
LIBOR Loan must be prepaid on the Termination Date. 
  
 2.3
Interest. 
  
 (a) Interest shall accrue on
the outstanding and unpaid principal amount of each Loan for the period from and including the date of such Loan to but excluding the date such Loan is due, at a rate equal to the Adjusted LIBOR Rate. With respect to Daily 

  

 5 

 
Reset LIBOR Loans, the Adjusted LIBOR Rate shall float daily to account for any changes in the Daily Reset LIBOR Rate. With respect to LIBOR Loans, the
Adjusted LIBOR Rate shall remain fixed for the applicable Loan Period. Upon the occurrence and during the continuance of any Event of Default, the outstanding principal amount of all Loans, and to the extent permitted by applicable law, any interest
payments thereon or any fees or other amounts then due and payable hereunder shall thereafter bear interest (including post-petition interest in any proceeding under Title 11 of the United States Code or other applicable bankruptcy laws) payable
upon demand at the Default Rate. 
  
 (b) Interest
on each Loan shall be calculated on the basis of a year of 360 days and the actual number of days elapsed. 
  
 (c) Accrued interest shall be due and payable in arrears upon any payment of principal or conversion from one Type of Loan to another and
(i) for each Daily Reset LIBOR Loan or a Loan accruing interest at the Prime Rate, on the last day of each calendar quarter, and (ii) for each LIBOR Loan, on the last day of each Loan Period with respect thereto. 
  
 2.4 Borrowings. In order to obtain a Loan, the Borrower shall give the
Lender written notice (which may be a telecopy) of each borrowing to be made hereunder. Each such notice shall be in the form of a “Notice of Borrowing” in substantially the form of Exhibit B hereto, executed by two authorized
officers or representatives of the Borrower, specifying therein (i) the requested date of the proposed Loan, (ii) the aggregate amount of the proposed Loan, and (iii) if a LIBOR Loan, the Loan Period therefor. Subject to the conditions of this
Agreement, the Lender shall make the amount of the Loan available to the Borrower on the date of such Loan in immediately available funds. 
  
 2.5 Prepayments and Conversions. Subject to Section 3.3 hereof, the Borrower shall have the right to make prepayments of principal on any Loan, in
whole or in part, without payment of any penalty or premium, or to convert one Type of Loan into another Type of Loan, at any time or from time to time; provided, however, that each partial prepayment shall be in an amount of at least
$100,000, and if greater than $100,000, an integral multiple of $10,000.00, and if the Loan prepaid or converted is a LIBOR Loan, any conversion or prepayment shall be in the full amount of such LIBOR Loan. The Borrower shall give the Lender notice
of each such prepayment or conversion as provided in Section 2.9. Each such notice shall be in the form of a “Notice of Prepayment” in substantially the form of Exhibit C hereto, specifying therein (i) the date such prepayment will be
made, (ii) the amount of such prepayment and (iii) the Type of Loan being prepaid. The Borrower shall not have the right to convert one Type of Loan into another Type of Loan during the continuance of an Event of Default. 
  
 2.6 Loan Periods; Renewals. 
  
 (a) In the case of each LIBOR Loan, the Borrower shall
select a Loan Period of any duration in accordance with the definition of Loan Period in Section 1.1. 
  
 (b) Provided that no Event of Default has occurred and is continuing, upon notice to the Lender as provided in Section 2.9, the Borrower
may renew any Loan on the 

  

 6 

 
last day of the Loan Period therefor as a Loan with a Loan Period of the same or different duration in accordance with the limitations provided in the
definition of Loan Period in Section 1.1. If the Borrower shall fail to give notice to the Lender of such a renewal or, if an Event of Default has occurred and is continuing, such Loan shall automatically become, as of the last day of the then
current Loan Period, a Loan based upon the same Loan Period as the Loan then expiring. 
  
 2.7 Default Rate. If an “Event of Default” as defined in Section 1.1 shall have occurred and be continuing, the Borrower shall pay interest at the Default Rate. In no event shall the rate of interest
exceed the maximum rate permitted by applicable law. If the Borrower pays to the Lender interest in excess of the amount permitted by applicable law, such excess shall be applied in reduction of the principal balance of the Note, and any remaining
excess interest, after application thereof to the principal balance of the Note, shall be refunded to the Borrower. 
  
 2.8 Payments. All payments (including prepayments) by the Borrower on account of principal, interest and fees shall be made without set-off or
counterclaim to the Lender at its office referred to in Section 9.2 in lawful money of the United States of America and in immediately available funds. 
  
 2.9 Certain Notices. Notices by the Borrower to the Lender pursuant to Section 2.4, each prepayment pursuant to Section 2.5 and each renewal
pursuant to Section 2.6(b) shall be irrevocable and shall be effective only if received by the Lender not later than 10:00 a.m. St. Louis, Missouri time, and (a) in the case of borrowings and prepayments of, conversions into and (in the case of
LIBOR Loans) renewals of (i) Daily Reset LIBOR Loans, given on the Business Day thereof; and (ii) LIBOR Loans, given two (2) Business Days prior thereto. Each such notice shall specify the Loans to be borrowed, prepaid, converted or renewed and the
amount (subject to Section 2.10) and Type of Loans to be borrowed, converted, prepaid or renewed (and in the case of conversion, the Type of Loans to result from such conversion and in the case of LIBOR Loans, the Loan Period therefor) and the date
of the borrowing, prepayment, conversion or renewal (which shall be a Business Day), in the case of a borrowing, such additional information as may be required by Section 2.4. 
  
 2.10 Minimum Amounts. Each Daily Reset LIBOR Loan (or Prime Rate Loan) shall be in the minimum amount of $50,000.00,
and if greater than $50,000.00, an integral multiple of $5,000. Each LIBOR Loan shall be in the minimum amount of $100,000, and if greater than $100,000, an integral multiple of $10,000. In addition, there shall be no more than ten (10) LIBOR Loans
outstanding at any time. 
  
 2.11 Use of Proceeds. The
proceeds of the Loans described herein shall be used by the Borrower to finance general working capital purposes of the Borrower and to make capital investments from time to time in the Subsidiary Bank. 
  

 7 

 SECTION 3. YIELD PROTECTION; ILLEGALITY; ETC. 
  
 3.1 Additional Costs. If the Lender shall determine in good faith
that any Governmental Regulation not presently in effect or applicable to the Lender, or any interpretation or administration thereof by any governmental authority charged with the interpretation or administration thereof, or compliance by the
Lender with any new guideline, request or directive of any such authority (whether or not having the force of law), shall (i) affect the basis of taxation of payments to the Lender of any amounts payable by the Borrower under this Agreement or any
other Loan Document (other than taxes imposed on the overall net income of the Lender, by the jurisdiction, or by any political subdivision or taxing authority of any such jurisdiction, in which the Lender has its principal office), or (ii) impose,
modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by the Lender, or (iii) impose any other condition with respect to this Agreement, the
Commitment, the Revolving Note or the Loans, and the result of any of the foregoing is to increase by an amount deemed by the Lender to be material the costs to the Lender of providing the Commitment or making, funding or maintaining any Loan or to
reduce by an amount deemed by the Lender to be material the amount of any sum receivable by the Lender under this Agreement, then the Borrower shall pay to the Lender, such additional amounts as are sufficient to compensate the Lender for such
increased cost or reduced sum receivable. A statement as to the amount of such increased cost or reduced sum receivable, prepared in good faith and in reasonable detail by the Lender and submitted to the Borrower, shall be conclusive and binding for
all purposes absent manifest error in computation. 
  
 3.2
Illegality and Impossibility. 
  
 (a) If
the Lender shall determine in good faith that any Governmental Regulation not presently in effect or applicable to the Lender, or any interpretation or administration thereof by any governmental authority charged with the interpretation or
administration thereof, or compliance by the Lender with any new guideline, request or directive of such authority (whether or not having the force of law), including exchange controls, shall make it unlawful or impossible for the Lender to maintain
any Loan at the LIBOR Rate or the Daily Reset LIBOR Rate under this Agreement, the Borrower shall, upon receipt of notice thereof from the Lender, repay in full to the Lender the then outstanding principal amount of such Loan, together with all
accrued interest thereon to the date of payment and all amounts due to the Lender under Section 3.3: (i) on the last day of the then current Loan Period applicable to a LIBOR Loan if the Lender may lawfully continue to maintain such LIBOR Rate Loan
to such day, or (ii) immediately if the Lender may not continue to maintain such LIBOR Loan or if the Loan is a Daily Reset LIBOR Loan. 
  
 (b) Notwithstanding Section 3.2(a), if such section would otherwise be applicable, but the Lender could lawfully maintain the Loans based
upon the LIBOR Rate or the Daily Reset LIBOR Rate at the Prime Rate, then during such period as the Lender cannot maintain the Loans based upon the LIBOR Rate or the Daily Reset LIBOR Rate, as applicable, such Loans shall bear interest at a per
annum rate equal to the Prime Rate 

  

 8 

 
in effect from time to time less one and one-half of one percent (1.50%) in effect. If all events or conditions making it unlawful or impossible for the
Lender to maintain the Loans based upon the LIBOR Rate or the Daily Reset LIBOR Rate cease to exist, then the Loans shall again bear interest at the Adjusted LIBOR Rate commencing on (i) the first day of the Loan Period immediately following the
date all such events and conditions so cease to exist with respect to LIBOR Loans and (ii) on the day following the date all such events and conditions so cease to exist with respect to Daily Reset LIBOR Loans. 
  
 3.3  LIBOR Rate Indemnity. If the Borrower fails to make any
payment of principal or interest in respect of any Loan based upon a LIBOR Rate when due or makes any payment or prepayment of the principal of any such Loan, for any reason, on any date other than the last day of the Loan Period applicable thereto,
or if the Borrower fails to borrow any Loan based upon the LIBOR Rate after requesting the same in accordance with this Agreement, the Borrower shall reimburse the Lender on demand for any resulting loss or expense incurred by the Lender, including
any loss incurred in obtaining, liquidating or employing deposits from third parties. A statement as to the amount of such loss or expense, prepared in good faith and in reasonable detail by the Lender and submitted to the Borrower, shall be
conclusive and binding for all purposes absent manifest error in computation. Without limiting the foregoing, if a LIBOR Loan is prepaid prior to the end of the Loan Period for such LIBOR Loan, whether voluntarily or because prepayment is required
due to the occurrence of the Termination Date or on account of a default, Borrower agrees to pay all of Lender’s costs, expenses and Interest Differential, as determined by Lender, incurred as a result of such prepayment. 
  
 SECTION 4. REPRESENTATIONS AND WARRANTIES 
  
 In order to induce the Lender to enter into this Agreement and to make each
Loan herein provided for, the Borrower hereby represents and warrants to the Lender (for itself and on behalf of the Subsidiary Bank where applicable) that: 
  
 4.1 Financial Condition. 
  
 (a) The financial statements of the Borrower as of the fiscal year ending December 31, 2003 and for the quarter ending September 30, 2004,
copies of which have heretofore been furnished to the Lender, are each true, complete and correct, in all material respects, and present fairly the financial condition of the Borrower as at such date, and the results of its operations and changes in
financial position for the fiscal year and the quarter then ended. 
  
 (b) All financial statements of the Borrower referenced in (a) above, including the related schedules and notes thereto, have been prepared in accordance with generally accepted accounting principles applied
consistently throughout the periods involved. Except for the refinancing of the existing trust preferred issue in December, 2004, the Borrower has not incurred any material Contingent Obligation, contingent liabilities or liability for taxes,
long-term leases or unusual forward or long-term commitments, which are not reflected in the foregoing statements or in the notes thereto. 
  

 9 

 4.2 No Change. Since December 31, 2003, there has been no material adverse change in the business,
operations, assets or financial or other condition of the Borrower. 
  
 4.3 Existence; Compliance with Law. The Borrower (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and authority and the legal right to own and
operate its property, to lease the property it operates and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign entity and is in good standing under the laws of each jurisdiction where ownership, lease or
operation of property or the conduct of its business requires such qualification except to the extent that the failure to comply therewith would not, in the aggregate, have a material adverse impact on its business operations, property or financial
or other condition and would not materially adversely affect the ability of the Borrower to perform its obligations under this Agreement, and (d) is in compliance with all Requirements of Law except to the extent that the failure to comply therewith
would not, in the aggregate, have a material adverse effect on its business, operations, property or financial or other condition and would not materially adversely affect the ability of the Borrower to perform its obligations under this Agreement.

  
 4.4 Authorization; Enforceable Obligations. The
Borrower has the power and authority and the legal right to make, deliver and perform this Agreement, the Revolving Note and the Loan Documents to be executed by Borrower. No consent or authorization of, filing with, or other act by or in respect of
any Governmental Authority, is required in connection with the borrowings hereunder or with the execution, delivery or performance by the Borrower of this Agreement, the Revolving Note and the Loan Documents, or with the validity of this Agreement,
the Revolving Note and the Loan Documents, or with the enforceability against the Borrower of this Agreement, the Revolving Note and the Loan Documents. Each of the Loan Documents has been, or will be, duly executed and delivered on behalf of the
Borrower and when executed and delivered will constitute, legal, valid and binding obligations of the Borrower enforceable against them in accordance with their terms, except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by the unavailability of specific performance or other equitable remedies. 
  
 4.5 No Legal Bar. The execution, delivery and performance by the Borrower of the Loan Documents, the borrowings by
the Borrower and the Borrower’s use of the proceeds of such borrowings, will not result in a violation of any Requirements of Law or any Contractual Obligation of the Borrower the violation of which would have a material adverse effect on the
business, operations, property or financial or other condition of the Borrower, and will not result in, or require the creation or imposition of any Lien on any of its properties or revenues pursuant to any Requirements of Law or Contractual
Obligation. 
  
 4.6 No Material Litigation. No litigation,
investigation or proceeding of or before any arbitrator or Governmental Authority is pending or to the knowledge of the Borrower threatened by or against the Borrower or against any of its properties or revenues (a) with respect to any Loan Document
or any of the transactions contemplated hereby or thereby, or (b) which, if adversely determined, would have a material adverse effect on the business, operations, property or financial or other condition of the Borrower. 
  

 10 

 4.7 No Default. The Borrower is not in default under or with respect to any Contractual Obligation
in any respect which could be materially adverse to its business, operations, property or financial or other condition or which could materially adversely affect the ability of the Borrower to perform its obligations under any Loan Document. No
Event of Default has occurred and is continuing. 
  
 4.8 No
Burdensome Restrictions. To the best knowledge of the Borrower, the Borrower is not currently subject to any Contractual Obligation or other Requirements of Law that materially affects its business, operations, property or financial or other
condition in an adverse material manner. 
  
 4.9 Taxes. The
Borrower has filed or caused to be filed all tax returns which are required to be filed by it and which the failure to file would have a material adverse effect on its business, operations, property or financial or other condition, and has paid all
taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than those the amount
or validity of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves have been provided on the books of the Borrower), and no tax liens have been filed and no claims are being asserted with
respect to any such taxes, fees or other charges. 
  
 4.10
Exhibits and Information. The information contained in the exhibits attached hereto and incorporated herein by reference is true, accurate and complete in all material respects, and the information contained in each and every document,
report, certificate, schedule, letter or other written or oral communication delivered to the Lender at any time pursuant to this Agreement shall be true, accurate and complete in all material respects. 
  
 4.11 Disclosure. No representation or warranty by the Borrower
contained herein or in any certificate or other document furnished by the Borrower pursuant hereto contains any untrue statement of material fact or omits to state a material fact necessary to make such representation or warranty not misleading in
light of the circumstances under which it was made. 
  
 4.12
Compliance with Environmental Laws. To the knowledge of the Borrower i) the Borrower is not in violation of any applicable Environmental Law, and ii) there have been no exposure(s), that have resulted or are expected to result in claim(s)
against the Borrower, of any person to any hazardous material at any time located or disposed on or released or migrating from any personal or real property while owned or operated by the Borrower, which in the case of either clause (i) or (ii)
would, in the aggregate, have a material adverse effect on the business, operations, property, assets or financial or other condition of the Borrower. 
  
 4.13 Solvency. The Borrower is and will be Solvent both before and after giving effect to the transactions contemplated by the Loan Documents.

  
 4.14 Investment Company Act. The Borrower is not an
“investment company” or a company “controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940, as amended. 
  

 11 

 4.15 Ownership of Property; Liens. The Borrower has good record and marketable title in fee simple
to, or valid leasehold interests in, all real and personal property necessary or used in the ordinary conduct of its business, except for such defects in title as would not, individually or in the aggregate, have a material adverse effect on the
business of the Borrower. As of the date of this Agreement, the property of the Borrower is subject to no Liens. 
  
 4.16 Insurance. The properties of the Borrower and the Subsidiary Bank are insured with financially sound and reputable insurance companies, not
affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower and the Subsidiary Bank
operate. 
  
 4.17 Margin Regulations. The Borrower is not
engaged and will not engage in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board), or extending credit for the purpose of purchasing or carrying margin stock. 
  
 4.18 Subsidiary Bank. The sole operating Subsidiary of the Borrower is
the Subsidiary Bank. The Subsidiary Bank (i) has issued and outstanding 83,118 shares of common stock, par value $50 per share, which are duly authorized, validly issued, fully paid and non-assessable, of which the Borrower owns all such shares free
and clear of any liens, charges, encumbrances, rights of redemption, preemptive rights or rights of first refusal of any kind or nature whatsoever; (ii) has no shares of capital stock (common or preferred), or securities or other obligations
convertible into any of the foregoing, authorize or outstanding and has no outstanding offers, subscriptions, warrants, rights or other agreements or commitments, obligating it to issue or sell any of the foregoing. The Subsidiary Bank (i) is duly
organized and existing as a Missouri trust company, (ii) is in compliance in all material respects with all laws and regulations applicable to its business, (iii) is not currently subject to any claim, action, suit or proceeding at law, in equity or
before any regulatory authority which, if adversely determined, would have a material adverse effect on the business, operations, property or financial or other condition of the Subsidiary Bank and (iv) is not in receipt of any recommendations or
suggestions of a material nature from a regulatory authority, nor has it entered into a memorandum of understanding or similar arrangement with any regulatory authority relating to unsafe or unsound banking practice. 
  
 4.19 FDIC Insurance. The Subsidiary Bank is insured as to deposits by
the Federal Deposit Insurance Corporation and no act has occurred which could adversely affect the status of the Subsidiary Bank as an insured bank. 
  
 SECTION 5. CONDITIONS PRECEDENT 
  
 5.1 Conditions Precedent to Funding. The obligation of the Lender to close and initially fund the Loan is subject to the satisfaction of the
following conditions precedent: 
  
 (a)
Borrower’s General Certificate. The Borrower shall have furnished to the Lender a certificate of the Borrower’s Secretary, which shall certify (i) resolutions of the Borrower’s Board of Directors with respect to the Loan, and
(ii) copies of the Borrower’s organizational documents referenced in Section 5.1(b) below. 
  

 12 

 (b) Borrower Organizational Documents. The Borrower shall have furnished to the
Lender (i) a copy of the Certificate of Incorporation of the Borrower, certified by the Delaware Secretary of State; (ii) a copy of Borrower’s Bylaws; (iii) Certificates of Good-Standing for the Borrower issued by the Secretary of State of the
State of Delaware and the Secretary of State of the State of Missouri and (iv) such other documents as the Lender may reasonably request. 
  
 (c) Representations and Warranties. The representations and warranties made by the Borrower herein or which are contained in any
certificate, document or financial or other statement furnished in connection herewith, shall be correct on and as of the date thereof. 
  
 (d) Loan Documents. The Borrower shall have executed and delivered to the Lender all Loan Documents, in form and content
satisfactory to the Lender and its counsel. 
  
 (e) Opinion of Counsel. The Lender shall have received an opinion of Borrower’s counsel in form and content acceptable to Lender and its counsel. 
  
 (f) Additional Matters. All other documents and legal matters in connection with the transactions
contemplated by this Agreement shall be satisfactory in form and substance to the Lender and its counsel. 
  
 SECTION 6. AFFIRMATIVE COVENANTS 
  
 The Borrower hereby agrees that, so long as this Agreement remains in effect, the Revolving Note remains outstanding and unpaid, or any other amount is
owing to the Lender hereunder, the Borrower shall take, and cause the Subsidiary Bank to take, the following actions: 
  
 6.1 Financial Statements. Furnish to the Lender: 
  
 (a) As soon as available, and in any event within one hundred twenty (120) days after the close of each fiscal year of the Borrower, a
copy of the consolidated financial statements of the Borrower as of the close of such fiscal year which shall include a balance sheet and statements of income and cash flow of the Borrower for such fiscal year, in each case, prepared in accordance
with GAAP, consistently applied, and audited by an independent certified public accountant selected by the Borrower and acceptable to the Lender; and 
  
 (b) As soon as available, and in any event within sixty (60) days after the close of each calendar quarter, quarterly call reports
prepared on FFIEC forms, or any successors thereto, of the Subsidiary Bank, each prepared in accordance with the guidelines of any regulatory authority requiring such reports. 
  
 (c) As soon as available, copies of all reports or materials submitted or filed with the Securities Exchange
Commission or other regulatory authority or with any national securities exchange and form FRY-9C or form FRY-9P, as appropriate, which are the financial statements of the Borrower delivered to the Federal Reserve System. 
  

 13 

 (d) Promptly, and in any event within ten (10) days after the Borrower has knowledge
thereof, a statement of the chief financial officer of the Borrower describing: (i) any event, which, either of itself, or with the lapse of time or the giving of notice or both, would constitute a default hereunder or under any other material
agreement to which the Borrower or the Subsidiary Bank is a party, together with a statement of the actions which the Borrower proposes to take with respect thereto and (ii) any pending or threatened litigation or administrative proceeding of the
type described in Section 4.6 above; 
  
 (e)
Notice of any memorandum of understanding or any other agreement with any banking regulatory agencies, or cease and desist order, immediately after entered into by or issued against the Borrower or the Subsidiary Bank. 
  
 (f) Promptly after request therefor, any other information
concerning the financial condition of the Borrower or the Subsidiary Bank as the Lender may reasonably request. 
  
 6.2 Taxes. Cause to be promptly paid and discharged all of Borrower’s and the Subsidiary Bank’s taxes, assessments and other governmental
charges prior to the date on which penalties are attached thereto, establish adequate reserves for the payment of such taxes, assessments and other governmental charges and make or cause to be made all required withholding and other tax deposits;
provided, however, that nothing contained herein shall require the payment of any tax, assessment or other governmental charge so long as its validity is being contested in good faith, and by appropriate proceedings diligently
conducted, and adequate reserves for the payment thereof have been established. 
  
 6.3 Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all of Borrower’s and the Subsidiary Bank’s, Indebtedness
and other obligations of whatever nature, except when the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves with respect thereto have been provided on the books of the Borrower, or the
Subsidiary Bank, and except to the extent that the failure to pay, discharge or otherwise satisfy such Indebtedness and other obligations would not, in the aggregate, have a material adverse effect on the business, operations, property or financial
or other condition of the Borrower or the Subsidiary Bank, as applicable. 
  
 6.4 Conduct of Business and Maintenance of Existence. Continue to engage in business of the same general type as now conducted by Borrower and the Subsidiary Bank, and preserve, renew and keep in full force and
effect their existence and take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of their business; comply with all Contractual Obligations and Requirements of Law except to the
extent that failures to comply therewith does not, in the aggregate, have a material adverse effect on the business, operations, property or financial or other condition of the Borrower or the Subsidiary Bank. 
  
 6.5 Books and Records; Discussions. Keep proper books of record and
account in which full, true and correct entries in conformity with all Requirements of Law and with GAAP, 

  

 14 

 
consistently applied, shall be made of all dealings and transactions in relation to Borrower’s and the Subsidiary Bank’s business and activities;
and to discuss the business, operations, properties and financial and other condition of the Borrower and the Subsidiary Bank with officers, partners and employees of the Borrower and the Subsidiary Bank. The Lender agrees to treat as confidential
all information received pursuant to Section 6.1 and this Section 6.5 and agrees not to disclose such information without the Borrower’s consent, and to make no competitive use thereof; provided, however, the Lender may disclose such
information without the Borrower’s consent, (i) to the Lender’s independent auditors and attorneys in their capacity of providing accounting or legal advice to the Lender, (ii) to or pursuant to the request of any governmental authority
having jurisdiction over Lender, or (iii) pursuant to an order or legal process binding on the Lender by any court of competent jurisdiction. 
  
 6.6 Insurance. Maintain or cause to be maintained, with reputable insurers, insurance with respect to the Borrower’s and the Subsidiary
Bank’s properties and business against such casualties and contingencies, of such types and in such amounts as is customary in the Borrower’s reasonable judgment for businesses of established reputations engaged in the same or similar
business and similarly situated. 
  
 6.7 Compliance with
Environmental Laws. The Borrower and the Subsidiary Bank will promptly comply with all applicable Environmental Laws, the violation of which individually or in the aggregate would have a material adverse effect on the business, operations,
property, assets or financial or other condition of the Borrower or the Subsidiary Bank. 
  
 6.8 Licenses, Permits, etc. The Borrower and the Subsidiary Bank shall maintain all of its franchises, grants, authorizations, licenses, permits, easements, consents, certificates, trademarks, trademark rights,
patents, patent rights, trade names, trade name rights and approvals, if any, in full force and effect until their respective expiration dates, except where the failure to maintain any of them would not result in a material adverse effect on the
business, operations, property, assets or financial or other condition of the Borrower or the Subsidiary Bank. 
  
 SECTION 7. NEGATIVE COVENANTS 
  
 The Borrower hereby agrees that, so long as this Agreement remains in effect, the Revolving Note remains outstanding and unpaid, or any other amount is
owing to the Lender hereunder, the Borrower shall not, or allow the Subsidiary Bank to, directly or indirectly: 
  
 7.1 Restriction on Indebtedness. Create, incur, assume or have outstanding any indebtedness for borrowed money (including capitalized leases)
except (i) indebtedness under the Revolving Note issued under this Agreement, (ii) other indebtedness to the Lender, (iii) fed funds transactions in the ordinary course of business, (iv) indebtedness owing to any Federal Home Loan Bank (or any
successor thereto), (v) indebtedness on account of the Subsidiary Bank maintaining deposit accounts in the ordinary course of business, and (vi) any other indebtedness outstanding on the date hereof, and shown on the Borrower’s financial
statements delivered to the Lender prior to the date hereof, together with restatements, substitutions and refinancings of such indebtedness. 
  
 7.2 Restriction on Liens. Create, incur, assume or permit to exist any mortgage, pledge, encumbrance or other lien or levy upon or security
interest in any of the its property, now owned or 

  

 15 

 
hereafter acquired, except (i) taxes and assessments which are either not delinquent or which are being contested in good faith with adequate reserves
provided, (ii) easements, restrictions and minor title irregularities which do not, as a practical matter, have an adverse effect upon the ownership and use of the affected property, (iii) Liens in favor of the Lender or its affiliates, and (iv)
other Liens disclosed in writing to the Lender or reflected in the Borrower’s financial statements provided to Lender prior to the date hereof. Without limiting the foregoing in any respect, the Borrower shall not create, incur or permit to
exist any pledge, security interest, encumbrance or other charge upon its ownership interest in the Subsidiary Bank. 
  
 7.3 Restriction on Contingent Obligations. Incur a Contingent Obligation, except pursuant to the deposit and collection of checks, the issuance or
confirmation of letters of credit by the Subsidiary Bank and similar matters in the ordinary course of banking business. 
  
 7.4 Acquisitions and Investments. Acquire any other business or make any loan, advance or extension of credit to, or investment in, any other
Person, including investments acquired in exchange for stock or other securities or obligations of any nature of the Borrower or the Subsidiary Bank, or create or participate in the creation of any Subsidiary or joint venture, except: 
  
 (a) investments in (i) bank repurchase agreements, (ii)
savings accounts or certificates of deposit in a financial institution of recognized standing, (iii) obligations issued or fully guaranteed by the United States, and (iv) prime commercial paper maturing within 90 days of the date of acquisition by
the Borrower or a Subsidiary; 
  
 (b) loans and
advances made to employees and agents in the ordinary course of business, such as travel and entertainment advances and similar items; 
  
 (c) investments in the Borrower by a Subsidiary; 
  

(d) investments by the Borrower in the Subsidiary Bank; 
  
 (e) investments shown on the most recent consolidated financial statements of the Borrower provided to the
Lender; provided, that any such investment will not be increased to an amount in excess of $5,000,000; 
  
 (f) with respect to the Subsidiary Bank, investments or loans made in the ordinary course of banking business of the Subsidiary Bank; and

  
 (g) aggregate investments of less than
$5,000,000 in any Person. 
  
 7.5 Change in Nature of
Business. Engage in any material operations substantially different from those operations conducted on the date hereof. 
  
 7.6 Ownership. Allow any material change in the ownership of the Borrower or any change in the ownership of the Subsidiary Bank. 
  
 7.7 Management. Allow any material change in the senior management of
the Borrower. 
  

 16 

 SECTION 8. EVENTS OF DEFAULT 
  
 Upon the occurrence of any of the following events: 
  
 (a) the Borrower shall fail to pay, within ten (10) days after such amount is due, any accrued interest
under the Revolving Note, or any other amount payable hereunder; or 
  
 (b) the Borrower shall fail to pay when such amount is due, any principal amount of the Revolving Note; or 
  
 (c) any representation or warranty made or deemed made by the Borrower in this Agreement or which is contained in any Loan Document,
certificate, document or financial or other statement furnished at any time under or in connection with this Agreement shall prove to have been incorrect in any material respect on or as of the date made or deemed made; or 
  
 (d) the Borrower shall default in the observance or
performance of any other agreement contained in this Agreement, and such default shall continue unremedied for a period of thirty (30) days after the Borrower becomes aware of any such default; or 
  
 (e) the occurrence of a default or event of default (whether
or not such default or event of default results in acceleration) with respect to any other Indebtedness of the Borrower or its Subsidiaries in excess of $1,000,000.00; or 
  
 (f) (i) the Borrower shall commence any case, proceeding or other action (A) under any existing or future
law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian or other similar official for it or for all or
any substantial part of its assets, or the Borrower shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against the Borrower any case, proceeding or other action of a nature referred to in clause (i)
above which (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of sixty (60) days; or (iii) there shall be commenced against the Borrower any
case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have
been vacated, discharged, stayed or bonded pending appeal within sixty (60) days from the entry thereof; or (iv) the Borrower shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set
forth in clause (i), (ii) or (iii) above, or (v) the Borrower shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; 
  

 17 

 (g) a judgment or judgments shall be entered against the Borrower involving liability
(not paid or fully covered by insurance) of $1,000,000 or more and such judgment or judgments shall not have been vacated, discharged, or stayed or appealed within sixty (60) days from the entry thereof; or 
  
 (h) a violation of a negative covenant contained in Section
7 above; 
  
 then, in any such event, (a) if such event is an Event of Default
specified in clause (i) or (ii) of paragraph (f) above, this Agreement shall automatically terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the Revolving Note shall immediately
become due and payable, or (b) if such event is any other Event of Default, either or both of the following actions may be taken: (i) the Lender may, by notice of default to the Borrower, declare this Agreement to be terminated forthwith whereupon
this Agreement shall immediately terminate; and (ii) so long as such Event of Default shall be continuing, the Lender may, by notice of default to the Borrower, declare the Loans hereunder (with accrued interest thereon) and all other amounts owing
under this Agreement and the Revolving Note to be due and payable forthwith, whereupon the same shall immediately become due and payable. Except as expressly provided above in this Section 8, presentment, demand, protest and all other notices of any
kind are hereby expressly waived. 
  
 SECTION 9.
MISCELLANEOUS 
  
 9.1 Amendments and Waivers. The
Lender and Borrower may, from time to time, enter into written amendments, supplements or modifications hereto for the purpose of adding any provisions to this Agreement or the Revolving Note or changing in any manner the rights of the Lender and
the Borrower hereunder or thereunder and the Lender may execute and deliver to the Borrower a written instrument waiving, on such terms and conditions as the Lender may specify in such instrument, any of the requirements of this Agreement or the
Revolving Note or any Event of Default and its consequences. In the case of any waiver, the Borrower and the Lender shall be restored to their former position and rights hereunder and under the Revolving Note, and any Event of Default waived shall
be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Event of Default, or impair any right consequent thereon. 
  

9.2 Notices. All notices, requests and demands given under this Agreement shall be given to each party referenced below and to be effective
shall be in writing and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand, or when deposited in the mail, or when sent by facsimile, or when delivered to an overnight delivery service
addressed as follows or to such other address as to which party may be hereafter notified by any other party: 
  

			
	The Borrower:	  	Enterprise Financial Services Corp.
	 	  	150 N. Meramec
	 	  	Clayton, Missouri 63105
	 	  	Attention: Chief Financial Officer
	 	  	Fax: 314-812-1576

  

 18 

			
	The Lender:	  	U. S. Bank National Association
	 	  	One U.S. Bank Plaza
	 	  	St. Louis, Missouri 63101
	 	  	Attention: Correspondent Banking Division
	 	  	Fax: 314-418-8394

  
 provided that any notice, request or
demand to or upon the Lender pursuant to Section 2.9 shall not be effective until received. 
  
 9.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Lender, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided
are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 
  
 9.4 Survival of Representations and Warranties. All representations and warranties made hereunder and in any document, certificate or statement
delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the Revolving Note. 
  
 9.5 Payment of Expenses. The Borrower agrees to pay or reimburse the Lender for all its reasonable costs and expenses incurred in connection with
the enforcement or preservation of any rights under this Agreement, the Revolving Note or any Loan Documents, including, without limitation, reasonable fees and disbursements of counsel to the Lender. 
  
 9.6 Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the Borrower and the Lender, all future holders of the Revolving Note, and their respective successors and assigns, except that the Borrower may not assign or transfer any of its rights under this Agreement without the prior
written consent of the Lender. 
  
 9.7 Counterparts. This
Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
  
 9.8 Governing Law. This Agreement, the Revolving Note and the Loan
Documents and the rights and obligations of the parties under this Agreement, the Revolving Note and the Loan Documents shall be governed by, and construed and interpreted in accordance with, the law of the State of Missouri. 
  
 9.9 Set-off. In addition to any rights or remedies of the Lender
provided by law, upon the occurrence of any Event of Default, the Lender is hereby irrevocably authorized without notice to the Borrower (any such notice being expressly waived) to set off and apply all deposits in any currency and other
indebtedness at any time held or owing by the Lender to or for the credit or the account of the Borrower against and on account of any obligations, liabilities and claims of the Borrower to the Lender. In support of the foregoing rights, the Lender
is hereby granted a security 

  

 19 

 
interest in, a lien on, and a contractual right to set off against all depository account balances, cash and any other property of the Borrower now or
hereafter in the possession of the Lender. 
  
 9.10
Reinstatement; Indemnification. 
  
 (a) If
for any reason the Lender repays or surrenders to or for the benefit of the Borrower (including its trustee in bankruptcy) any payment (including, without limitation, any payment by means of a setoff or otherwise) made to the Lender on the
indebtedness evidenced by the Revolving Note, then the indebtedness evidenced by the Revolving Note shall be reinstated, and the Loan Documents shall be reinstated and continue in full force and effect, to the extent of such repayment or surrender.
If for any reason the Lender is required, by any court or other governmental authority having competent jurisdiction, to repay or surrender to any Person (excluding the Borrower or any Person receiving such payment for the benefit of the Borrower)
any payment (including, without limitation, any payment by means of a setoff or otherwise) made to the Lender on the indebtedness evidenced by the Revolving Note, then the indebtedness evidenced by the Revolving Note shall be reinstated, and the
Loan Documents shall be reinstated and continue in full force and effect, to the extent of such repayment or surrender. The provisions of this subsection 9.10(a) shall be and remain effective notwithstanding any contrary action which may have been
taken by the Lender in reliance upon such payment, and any such contrary action so taken shall be without prejudice to the Lender’s rights under the Loan Documents and shall be deemed to have been conditioned upon such payment having become
final and irrevocable. The provisions of this subsection 9.10(a) shall survive the termination of this Agreement and the other Loan Documents. 
  
 (b) The Borrower agrees to pay, indemnify and hold harmless the Lender and its officers, directors, agents, employees, attorneys, and
shareholders from and against, any all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (including, without limitation, reasonable counsel fees and
disbursements in connection with any litigation, investigation, hearing or other procedure) with respect, or in any way related, to the existence, execution, delivery, enforcement, performance and administration of this Agreement and any other Loan
Document; provided, that the Borrower shall not be liable for any of the foregoing to the extent they arise from the gross negligence or willful misconduct of the Lender or its officers, directors, agents, employees, attorneys, and shareholders, or
(ii) have not, in whole or in part, arisen out of or resulted from any act, or omission to act, of the Borrower. The agreements contained in this subsection 9.10(b) shall survive termination of this Agreement and the other Loan Documents.

  
 9.11 Headings. Section and subsection headings used in
this Agreement are for convenience only and shall not affect the construction of this Agreement. 
  
 9.12 Severability. The provisions of this Agreement are independent of, and separable from, each other, and no such provision shall be affected or
rendered invalid or unenforceable by virtue of the fact that for any reason any other such provision may be invalid or unenforceable in whole or in part. 
  

 20 

 9.13 Entire Agreement. This Agreement and the other Loan Documents constitute the entire agreement
and understanding between the parties hereto with respect to the transactions contemplated hereby and supersede all prior negotiations, understandings and agreements between such parties with respect to such transactions, including, without
limitation, those expressed in any commitment letter delivered by the Lender to the Borrower. 
  
 9.14 WAIVER OF TRIAL BY JURY. THE LENDER AND THE BORROWER, AFTER CONSULTING OR HAVING HAD THE OPPORTUNITY TO CONSULT WITH COUNSEL,
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED UPON OR ARISING OUT OF THIS AGREEMENT, THE REVOLVING NOTE OR ANY OTHER LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED BY
THIS AGREEMENT OR ANY COURSE OF CONDUCT, DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THEM. NEITHER THE LENDER NOR THE BORROWER SHALL SEEK TO CONSOLIDATE, BY COUNTERCLAIM OR OTHERWISE, ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN
WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. 
  
 9.15 STATUTORY NOTICE. ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FOREBEAR 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 ANY WAY RELATED TO THE CREDIT AGREEMENT. TO PROTECT THE BORROWER AS A BORROWER AND THE LENDER AS A 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. 
  

 21 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of
the day and year first above written. 
  

			
	BORROWER:
	
	 Enterprise Financial Services Corp.,
 a Delaware corporation

		
	By:	 	 /s/    Frank H. Sanfilippo

	 	 	 Frank H. Sanfilippo

	 	 	 Chief Financial Officer

  

			
	LENDER:
	
	 U.S. BANK NATIONAL ASSOCIATION,
 a national banking association

		
	By:	 	 /s/    Timothy M. Barringhaus

	 	 	 Timothy M. Barringhaus

	 	 	 Vice President

  

 22 

  
 EXHIBIT A 

REVOLVING CREDIT NOTE 
  

			
	 $15,000,000.00
	 	St. Louis, Missouri
	 	 	January 14, 2005

  
 FOR VALUE RECEIVED,
THE UNDERSIGNED (the “Borrower”), hereby promises to pay, as provided in the Agreement (as defined below), to the order of U.S. BANK NATIONAL ASSOCIATION (the “Lender”) at its offices at One U.S. Bank Plaza, St. Louis, Missouri
63101 (or at such other place or places as the Lender may designate in writing) at the times set forth in the Credit Agreement dated of even date herewith among the Borrower and the Lender (as amended from time to time, the “Agreement”),
in lawful money of the United States of America, in immediately available funds, the principal amount of FIFTEEN MILLION AND NO/100 DOLLARS ($15,000,000.00) or, if less than such principal amount, the aggregate unpaid principal amount of all Loans
made by the Lender to the Borrower pursuant to the Agreement, on the Termination Date or such earlier date as may be required pursuant to the terms of the Agreement, and to pay interest from the date hereof on the unpaid principal amount hereof, in
like money, at said office, on the dates and at the rates provided in Section 2 of the Agreement. All or any portion of the principal amount of Loans may be prepaid or required to be prepaid as provided in the Agreement. All capitalized terms
not otherwise defined herein shall have the respective meanings set forth in the Agreement. 
  
 If payment of all sums due hereunder is accelerated under the terms of the Agreement or under the terms of the other Loan Documents executed in connection with the Agreement, the then remaining principal amount and
accrued but unpaid interest thereon evidenced by this Note shall become immediately due and payable, without presentation, demand, protest or notice of any kind, all of which are hereby waived by the Borrower. 
  
 In the event this Note is not paid when due at any stated or accelerated
maturity, the Borrower agrees to pay, in addition to the principal and interest, all costs of collection, including reasonable attorneys’ fees, and interest due hereunder thereon at the rates set forth above. 
  
 Interest hereunder shall be computed as provided in the Agreement. Interest
on all principal amounts outstanding under this Note shall be calculated on the basis of a year of 360 days and the actual number of days elapsed. 
  
 This Note is the Revolving Note referred to in the Agreement and is issued pursuant to and entitled to the benefits of the Agreement to which reference is
hereby made for a more complete statement of the terms and conditions upon which the Loans evidenced hereby were or are made and are to be repaid. This Note is subject to certain restrictions on transfer or assignment as provided in the Agreement.

  
 Protest, notice of protest, notice of dishonor, diligence or
any other formality are hereby waived by all parties bound hereon. 
  

 B-1 

 IN WITNESS WHEREOF, the Borrower has caused this Note to be made, executed and delivered by its duly
authorized representative as of the date and year first above written, all pursuant to authority duly granted. 
  

			
	 ENTERPRISE FINANCIAL SERVICES CORP.,

	 a Delaware corporation

		
	 By:
	 	 
	 	 	 Frank H. Sanfilippo

	 	 	 Chief Financial Officer

  

 2 

  
 EXHIBIT B 

 
 Form of Notice of Borrowing 
  

			
	 To:   U. S. Bank, N.A.
	 	 Loan No.____________________________

	          One U.S. Bank Plaza
	 	 Credit Account No.____________________

	          St. Louis, Missouri 63101
	 	 
	          Facsimile No. (314) 418-8394
	 	 

  
 Reference is hereby
made to the Credit Agreement dated as of January 14, 2005 (as amended from time to time, the “Agreement”) among Enterprise Financial Services Corp. (the “Borrower”) and U.S. Bank National Association (the “Lender”).
Capitalized terms used but not defined herein shall have the respective meanings therefor set forth in the Agreement. 
  
 The Borrower hereby gives notice to the Lender that Loans of the type and amount set forth below be made on the date indicated: 
  

							
	 Type of Loan
 (check one)

	 	 Interest Period(1)

	 	 Aggregate Amount(2)

	 	 Date of Loan(3)

	 Daily Reset LIBOR Loan
	 	N.A.	 	 	 	 
	 LIBOR Loan
	 	 	 	 	 	 

  

	(1)	For any LIBOR Loan one, two or three months. 

  

	(2)	Must be $50,000 or if greater an integral multiple of $5,000 if a Daily Reset LIBOR Loan or
$100,000 or if greater an integral multiple of $10,000 if a LIBOR Loan. 

  

	(3)	At least (3) Business Days later if a LIBOR Loan. 

  

				
	 Aggregate Loans Outstanding
	  	$	_________________
	 Aggregate Loans Requested under this Notice
	  	$	_________________
	 Aggregate Loans Outstanding after funding Loans
 Referenced in this Notice
	  	$	_________________

  
 The undersigned hereby
certifies that: 
  
 1. No Default or Event of Default exists
either now or after giving effect to the borrowing described herein; and 
  
 2. All the representations and warranties of the Agreement and in the Loan Documents (other than those expressly stated to refer to a particular date) are true and correct as of the date hereof. 
  

 3 

 3. All conditions contained in the Agreement to the making of any Loan requested hereby have been met or
satisfied in full. 
  

			
	 Enterprise Financial Services Corp.,

	 a Delaware corporation

	
	 By: _______________________________________

	 Name: _____________________________________

	 Title: ______________________________________

	 Date: ______________________________________

	 Telephone: _________________________________

	 Fax: _______________________________________

	
	 By: _______________________________________

	 Name: _____________________________________

	 Title: ______________________________________

	 Date: ______________________________________

  

 4 

  
 EXHIBIT C 

 
 Form of Notice of Prepayment 
  

			
	 To:   U. S. Bank, National Association
	 	 Loan No.:____________________________

	          One U.S. Bank Plaza
	 	 
	          St. Louis, Missouri 63101
	 	 
	          Facsimile No. (314) 418-8394
	 	 

  
 Reference is hereby
made to the Credit Agreement dated as of January 14, 2004 (as amended from time to time, the “Agreement”) among Enterprise Financial Services Corp. (the “Borrower”) and U.S. Bank National Association (the “Lender”).
Capitalized terms used but not defined herein shall have the respective meanings therefor set forth in the Agreement. 
  
 The Borrower hereby gives notice to the Lender that Loans of the type and amount set forth below will be prepaid on the date indicated: 
  

							
	 Type of Loan
 (check one)

	 	 Interest Period(1)

	 	 Aggregate Amount(2)

	 	 Date of Prepayment(3)

	 Daily Reset LIBOR Loan
	 	N.A.	 	 	 	 
	 LIBOR Loan
	 	 	 	 	 	 

  

	(1)	For any LIBOR Loan one, two or three months. 

  

	(2)	Must be $500,000 or if greater an integral multiple of $50,000 if a LIBOR Loan.

  

	(3)	At least (3) Business Days later if a LIBOR Loan. 

  

				
	 Aggregate Loans Outstanding
	  	$	_________________
	 Aggregate Loans prepaid in this Notice of Prepayment
	  	$	_________________
	 Aggregate Loans Outstanding After prepayments referenced
 In this Notice of Prepayment
	  	$	_________________

  

			
	 Enterprise Financial Services Corp.,

	 a Delaware corporation

	
	 By: _______________________________________

	 Name: _____________________________________

	 Title: ______________________________________

	 Date: ______________________________________

	 Telephone: _________________________________

	 Fax: _______________________________________

  

 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}]]