Document:

Exhibit 10.10

 

EXECUTION COPY

 

AMENDMENT NO. 4 TO
 AMENDED AND RESTATED REVOLVING CREDIT AND TERM LOAN AGREEMENT

 

This AMENDMENT NO. 4 TO AMENDED AND RESTATED REVOLVING CREDIT AND TERM LOAN AGREEMENT, dated as of July 29, 2016 (the “Agreement”), is entered into by and among (a) Focus Financial Partners, LLC (the “Company”), a Delaware limited liability company, (b) the Lenders (as defined below) party hereto and (c) Bank of America, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), and as a Lender, L/C Issuer, and Swing Line Lender.

 

WHEREAS, the Company, certain Subsidiaries of the Company party thereto from time to time pursuant to Section 2.14 thereof (each a “Designated Borrower” and, together with the Company, collectively, the “Borrowers” and each individually a “Borrower”), each lender from time to time party thereto (the “Lenders” and each individually, a “Lender”), and the Administrative Agent are parties to that certain Amended and Restated Revolving Credit and Term Loan Agreement, dated as of December 10, 2013 (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Credit Agreement”; capitalized terms used but not otherwise defined herein shall have the same meanings ascribed to them in the Credit Agreement);

 

WHEREAS, the Company has requested to amend certain provisions of the Credit Agreement, as described below, and the Administrative Agent and the Required Lenders have agreed, subject to the terms and conditions set forth herein, to amend such provisions of the Credit Agreement;

 

NOW, THEREFORE, the Administrative Agent and the undersigned Lenders have agreed, subject to the terms and conditions set forth herein, to amend certain terms and provisions of the Credit Agreement as described below:

 

§1.        Amendments to Credit Agreement.  Upon the Fourth Amendment Effective Date, the Credit Agreement shall be automatically amended as follows without any further action required by any party hereto by:

 

(a)           adding in the appropriate alphabetical order the following new definitions in Section 1.01 of the Credit Agreement as follows:

 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

 

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a Subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

 

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“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

 

“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

 

“Fourth Amendment Effective Date” means July 29, 2016.

 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

 

(b)           amending and restating the pricing grid in its entirety in the definition of “Applicable Rate” in Section 1.01 of the Credit Agreement as follows:

 

Applicable Rate

 

	
Pricing
   Level
    	
 
    	
Consolidated Total
   Leverage Ratio
    	
 
    	
Applicable Rate
   for LIBOR Loans/
    Letter of Credit
   Fees
    	
 
    	
Applicable Rate
   for Base Rate
   Loans
    	
 
    	
Commitment Fee
    	
 
    
	
I
    	
 
    	
< 2.50 to   1.00
    	
 
    	
2.50
    	
%
    	
1.00
    	
%
    	
0.300
    	
%
    
	
II
    	
 
    	
> 2.50 to 1.00 but
   < 3.00 to 1.00
    	
 
    	
2.75
    	
%
    	
1.25
    	
%
    	
0.375
    	
%
    
	
III
    	
 
    	
> 3.00 to 1.00 but
   < 3.50 to 1.00
    	
 
    	
3.00
    	
%
    	
1.25
    	
%
    	
0.450
    	
%
    
	
IV
    	
 
    	
> 3.50 to 1.00 but
   < 4.00 to 1.00
    	
 
    	
3.25
    	
%
    	
1.50
    	
%
    	
0.500
    	
%
    
	
V
    	
 
    	
> 4.00 to 1.00 but
   < 4.50 to 1.00
    	
 
    	
3.50
    	
%
    	
1.75
    	
%
    	
0.600
    	
%
    
	
VI
    	
 
    	
> 4.50 to 1.00
    	
 
    	
3.75
    	
%
    	
2.00
    	
%
    	
0.675
    	
%
    

 

(c)           amending and restating the second to last sentence of the definition of “Applicable Rate” in Section 1.01 of the Credit Agreement as follows:

 

“Subject to the foregoing sentence, the Applicable Rate in effect from the Fourth Amendment Effective Date through the first Business Day immediately following the date on which a Compliance Certificate with respect to the Measurement Period ended

 

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June 30, 2016 is delivered to the Administrative Agent pursuant to Section 6.02(a) shall be determined based upon Pricing Level V (as set forth in the definition of “Applicable Rate” in this Agreement immediately prior to the Fourth Amendment Effective Date).”

 

(d)           amending and restating clause (d) of the definition of “Defaulting Lender” in Section 1.01 of the Credit Agreement as follows:

 

“(d)         has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (iii) become the subject of a Bail-In Action;”

 

(e)           amending and restating the proviso at the end of the definition of “Eurocurrency Rate” in Section 1.01 of the Credit Agreement as follows:

 

“provided that to the extent a comparable or successor rate is approved by the Administrative Agent in connection with any rate set forth in this definition, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent; and if the Eurocurrency Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.”

 

(f)            amending clause (b) of Section 1.03 of the Credit Agreement to add the following as the final sentence thereof:

 

“Without limiting the foregoing, leases shall continue to be classified and accounted for on a basis consistent with that reflected in the Audited Financial Statements for all purposes of this Agreement, notwithstanding any change in GAAP relating thereto, unless the parties hereto shall enter into a mutually acceptable amendment addressing such changes, as provided for above.”

 

(g)           adding the following as new Section 6.17 of the Credit Agreement:

 

“6.17      Anti-Corruption Laws.

 

Conduct its businesses in compliance in all material respects with Anti-Corruption Laws and maintain policies and procedures designed to promote and achieve material compliance with such laws.”

 

(h)           amending and restating clause (b) of Section 7.10 (Financial Covenants) of the Credit Agreement in its entirety as follows:

 

“(b)         Maximum Consolidated Total Leverage Ratio.  Commencing with the Measurement Period ending June 30, 2016, (i) to the extent that a Public Offering has been consummated as of the last day of any Measurement Period, permit the Consolidated Total Leverage Ratio of the Company and its Subsidiaries to be greater than 4.00 to 1.00 as of last day of such Measurement Period and (ii) to the extent that a Public Offering has not been consummated as of the last day of any Measurement Period, permit

 

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the Consolidated Total Leverage Ratio of the Company and its Subsidiaries as of the end of any Measurement Period to be greater than the ratio set forth below opposite such Measurement Period:

 

	
Measurement Period Ending
    	
 
    	
Consolidated Total Leverage Ratio
    
	
June 30, 2016
    	
 
    	
5.25 : 1.00
    
	
September 30, 2016
    	
 
    	
5.25 : 1.00
    
	
December 31, 2016
    	
 
    	
5.25 : 1.00
    
	
March 31, 2017
    	
 
    	
5.25 : 1.00
    
	
June 30, 2017
    	
 
    	
5.25 : 1.00
    
	
September 30, 2017
    	
 
    	
5.00 : 1.00
    
	
December 31, 2017
    	
 
    	
5.00 : 1.00
    
	
March 31, 2018
    	
 
    	
4.75 : 1.00
    
	
June 30, 2018
    	
 
    	
4.75 : 1.00
    
	
September 30, 2018
    	
 
    	
4.50 : 1.00
    
	
December 31, 2018
    	
 
    	
4.50 : 1.00
    
	
March 31, 2019
    	
 
    	
4.25 : 1.00
    
	
June 30, 2019
    	
 
    	
4.25 : 1.00
    
	
September 30, 2019
    	
 
    	
4.00 : 1.00
    
	
December 31, 2019
    	
 
    	
4.00 : 1.00
    
	
March 31, 2020 and   thereafter
    	
 
    	
3.75 : 1.00
    

 

(i)            amending and restating clause (c) of Section 7.10 (Financial Covenants) of the Credit Agreement in its entirety as follows:

 

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“(c)         Maximum Consolidated Secured Leverage Ratio.  Commencing with the Measurement Period ending June 30, 2016, (i) to the extent that a Public Offering has been consummated as of the last day of any Measurement Period, permit the Consolidated Secured Leverage Ratio of the Company and its Subsidiaries to be greater than 4.00 to 1.00 as of last day of such Measurement Period and (ii) to the extent that a Public Offering has not been consummated as of the last day of any Measurement Period, permit the Consolidated Secured Leverage Ratio of the Company and its Subsidiaries as of the end of any Measurement Period to be greater than the ratio set forth below opposite such Measurement Period:

 

	
Measurement Period Ending
    	
 
    	
Consolidated Secured Leverage Ratio
    
	
June 30, 2016
    	
 
    	
5.25 : 1.00
    
	
September 30, 2016
    	
 
    	
5.25 : 1.00
    
	
December 31, 2016
    	
 
    	
5.25 : 1.00
    
	
March 31, 2017
    	
 
    	
5.25 : 1.00
    
	
June 30, 2017
    	
 
    	
5.25 : 1.00
    
	
September 30, 2017
    	
 
    	
5.00 : 1.00
    
	
December 31, 2017
    	
 
    	
5.00 : 1.00
    
	
March 31, 2018
    	
 
    	
4.75 : 1.00
    
	
June 30, 2018
    	
 
    	
4.75 : 1.00
    
	
September 30, 2018
    	
 
    	
4.50 : 1.00
    
	
December 31, 2018
    	
 
    	
4.50 : 1.00
    
	
March 31, 2019
    	
 
    	
4.25 : 1.00
    
	
June 30, 2019
    	
 
    	
4.25 : 1.00
    
	
September 30, 2019
    	
 
    	
4.00 : 1.00
    
	
December 31, 2019
    	
 
    	
4.00 : 1.00
    
	
March 31, 2020 and   thereafter
    	
 
    	
3.75 : 1.00
    

 

(j)            adding the following as new Section 10.22 of the Credit Agreement:

 

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“10.22    Acknowledgement and Consent to Bail-In of EEA Financial Institutions.

 

Solely to the extent any Lender or L/C Issuer that is an EEA Financial Institution is a party to this Agreement and notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender or L/C Issuer that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

(a)           the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender or L/C Issuer that is an EEA Financial Institution; and

 

(b)           the effects of any Bail-In Action on any such liability, including, if applicable:

 

(i)            a reduction in full or in part or cancellation of any such liability;

 

(ii)           a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

 

(iii)          the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.”

 

§2.        Conditions.  The effectiveness of this Agreement is subject to the satisfaction of the following conditions precedent (the date such conditions are satisfied, the “Fourth Amendment Effective Date”):

 

(a)           the receipt by the Administrative Agent, on or prior to the date hereof, of a copy of this Agreement duly executed by the Company and the Lenders constituting Required Lenders; and

 

(b)           the Company shall have paid to the Administrative Agent, for the account of each Lender providing a signature page to this Agreement by 10:00 a.m. (New York time) on July 29, 2016 (each such Lender, a “Consenting Lender”) an amendment fee in an amount equal to 0.12% of such Consenting Lender’s outstanding Term Loans and Revolving Commitments outstanding immediately prior to the Fourth Amendment Effective Date.

 

§3.        Affirmation of the Company.  The Company hereby affirms its absolute and unconditional promise to pay to each Lender, the L/C Issuer, the Swing Line Lender and the Administrative Agent the Loans, the L/C Obligations and all other amounts due under the Notes, the Credit Agreement as amended hereby and the other Loan Documents, at the times and in the amounts provided for therein.  The Company hereby affirms its guaranty of the Obligations in accordance with the provisions of the applicable Guaranty.  The Company confirms and agrees that (i) the obligations of the Borrowers to the Lenders, the Swing Line Lender, the L/C Issuer and the Administrative Agent under the Credit Agreement as amended hereby are secured by and entitled to the benefits of the Collateral Documents and (ii) all references to the term “Credit Agreement” in the Collateral Documents and the other Loan Documents shall hereafter refer to the Credit Agreement as amended hereby.

 

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§4.        Representations and Warranties.  The Company hereby represents and warrants to the Lenders, the Administrative Agent and the L/C Issuer as follows:

 

(a)           Representations and Warranties in Credit Agreement.  The representations and warranties of the Company contained in Article 5 of the Credit Agreement and the other Loan Documents are true and correct in all material respects (except for representations and warranties that are already qualified as to materiality, which are instead true and correct in all respects) on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects (except for representations and warranties that are already qualified as to materiality, which were instead true and correct) as of such earlier date.

 

(b)           Authority, No Conflicts, Etc.  The execution, delivery and performance of this Agreement and all related documents and the consummation of the transactions contemplated hereby and thereby (i) are within the corporate (or the equivalent company) authority of the Company and its Subsidiaries, (ii) have been duly authorized by all necessary corporate (or the equivalent company) proceedings, (iii) do not and will not conflict with or result in any breach or contravention of any provision of law, statute, rule or regulation to which the Company or any of its Subsidiaries is subject or any judgment, order, writ, injunction, license or permit applicable to the Company or any of its Subsidiaries and (iv) do not conflict with any provision of the Organization Documents of, or any other agreement or other instrument binding upon, the Company or any of its Subsidiaries.

 

(c)           Enforceability of Obligations.  This Agreement and the Credit Agreement as amended hereby constitute the legal, valid and binding obligations of the Company and each of its Subsidiaries party thereto, enforceable against the Company and each of its Subsidiaries party thereto, in accordance with their respective terms, except as limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, or other laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in equity or at law) and an implied covenant of good faith and fair dealing, and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefore may be brought.

 

§5.        No Other Amendments or Waivers.  Except as expressly provided in this Agreement, all of the terms, conditions and provisions of the Credit Agreement and the other Loan Documents shall remain the same.  It is declared and agreed by each of the parties hereto that the Credit Agreement, as amended hereby, shall continue in full force and effect, and that this Agreement and the Credit Agreement shall be read and construed as one instrument.

 

§6.        Execution in Counterparts.  This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging means (e.g. “pdf’ or “tif’) shall be effective as delivery of a manually executed counterpart of this Agreement.

 

§7.        Governing Law.  THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES (OTHER THAN SECTION 5-1401 AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).

 

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§8.        Headings, etc.  Headings or captions used in this Agreement are for convenience of reference only and shall not define or limit the provisions hereof.  This Agreement shall constitute a “Loan Document” under the Credit Agreement.

 

§9.        Expenses.  The Company agrees to pay to the Administrative Agent, on demand by the Administrative Agent, all reasonable out-of-pocket costs and expenses incurred or sustained by the Administrative Agent in connection with the preparation of this Agreement (including Attorney Costs of Morgan, Lewis & Bockius LLP).

 

[Signature pages follow]

 

8

 

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

 

	
 
    	
FOCUS FINANCIAL PARTNERS, LLC,
    
	
 
    	
as Company
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name: James Shanahan
    
	
 
    	
 
    	
Title: Chief Financial   Officer
    

 

Signature Page to Amendment No. 4

 

 

	
 
    	
BANK OF AMERICA, N.A.,
    
	
 
    	
as Administrative   Agent, Lender, the L/C Issuer and the Swing Line Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

Signature Page to Amendment No. 4

 

 

	
 
    	
SUNTRUST BANK,
    
	
 
    	
as a Lender,
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    

 

 

	
 
    	
COMERICA BANK,
    
	
 
    	
as a Lender,
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    

 

 

	
 
    	
THE BANK OF TOKYO-MITSUBISHI, UFJ, LTD., as   Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    

 

 

	
 
    	
FIFTH THIRD BANK, as Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    

 

 

	
 
    	
THE HUNTINGTON NATIONAL BANK, as   Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    

 

 

	
 
    	
U.S. BANK, N.A., as Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    

 

 

	
 
    	
FIRSTBANK FLORIDA, as   Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    

 

 

	
 
    	
BMO HARRIS BANK N.A.,   as Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

 

	
 
    	
CITIZENS BANK, N.A.,   as Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

 

	
 
    	
BANKUNITED, N.A.,   as Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

 

	
 
    	
GOLDMAN SACHS BANK USA, as   Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:
    

 

 

	
 
    	
BANC OF CALIFORNIA, N.A., as   Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    
	
 
    	
Title:EX-10.9

 Exhibit 10.9 
  

 
  
 EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (the “Agreement”) is made the 30th day of April, 2018, by and among ALLEGIANCE BANK, a Texas
banking association having a principal place of business at 8727 W. Sam Houston Parkway N., Houston, TX 77040 (“Employer”), POST OAK BANK, N.A., a national banking association having a principal place of business at 2000 West Loop
South, Suite 100, Houston, TX 77027 (the “Bank”) and Roland L. Williams, an individual who resides in the State of Texas (“Employee”). 

WHEREAS, this Agreement is being entered into in connection with the Agreement and Plan of Reorganization, dated as of April 30, 2018
(the “Merger Agreement”), by and between Allegiance Bancshares, Inc., a Texas corporation (“Allegiance”), and Post Oak Bancshares, Inc., a Texas corporation (“Post Oak”); and 

WHEREAS, Employee’s agreement to and compliance with the provisions of Article VI of this Agreement are a material factor, material
inducement and material condition to Allegiance’s participation in the transactions contemplated by the Merger Agreement. Moreover, Employee acknowledges that a substantial portion of the value of the transactions contemplated by the Merger
Agreement is Employee’s promises to refrain from competing with the Bank, Employer, or Allegiance as identified in Article VI hereof; and 

WHEREAS, prior to the entry into the Merger Agreement, Employee was an owner and/or officer of Post Oak and/or the Bank and is receiving a
substantial benefit as a result of the transactions contemplated by the Merger Agreement; 
 NOW, THEREFORE, in consideration of the
premises and the mutual covenants hereinafter set forth, and intending to be legally bound hereby, it is hereby agreed as follows: 

ARTICLE I 
 TERM OF
EMPLOYMENT 
 Employer hereby employs Employee and Employee hereby accepts employment with Employer under this Agreement for a period of
three (3) years (the “Term”) beginning as of the Effective Time (as defined in the Merger Agreement); provided, however, that this Agreement may be terminated earlier as hereinafter provided. However, if the
Merger Agreement is terminated for any reason before the Effective Time occurs, Employee will not be employed under this Agreement, and, excepting only Section 6.3(a), (A) all of the provisions of this Agreement will terminate as of the time of
termination of the Merger Agreement and (B) there will be no liability of any kind under this Agreement. Upon the expiration of the Term, (i) this Agreement shall terminate automatically and (ii) Employee shall voluntarily retire from
employment with Employer. 

 ARTICLE II 

DUTIES OF EMPLOYEE 
 2.1
Title and Duties. As of the Effective Time, Employee is hereby employed by Employer as Executive Vice Chairman of Allegiance Bank, and shall perform such work as is consistent with the type and nature of work normally
performed by senior banking officers and as may be assigned by Employer from time to time. Employee shall report directly to the Chief Executive Officer. 

2.2 Location. Employee’s primary place of business shall be in Houston, Texas, and Employee shall be furnished with an
office and other business facilities and services sufficient to carry out his duties of office. 
 2.3 Changes of Title or
Location-Mutual Consent. The title of Employee and the location at which Employee shall work may be changed from time to time by the mutual consent of Employer and Employee without resulting in a rescission of this Agreement. Notwithstanding
any such change, the employment of Employee shall be construed as continuing under this Agreement as modified. 
 ARTICLE III 

ENGAGING IN OTHER ACTIVITIES 

During the Term of this Agreement, Employee shall devote all of his entire productive time, ability, and attention to the business of Employer
during Employer’s normal business hours. During the Term of this Agreement and during any non-competition period described in Article VI hereof, Employee shall not directly or indirectly render any
services of a business, commercial, or professional nature relating to banking or financial matters to any other person or organization, whether for compensation or otherwise, without prior written consent of Employer.     

ARTICLE IV 

COMPENSATION 
 4.1
Base Salary. As compensation for employment services rendered under this Agreement, Employee shall be entitled to receive from Employer an annual rate of salary (“Base Salary”) of $350,000, subject to
applicable taxes and withholdings, paid semi-monthly and prorated for any partial employment period during the Term of this Agreement. The Base Salary shall be subject to review in accordance with the then existing procedures of Employer. 

4.2 Bonus. Employee will be eligible for the bonus program as set forth on Schedule A. For any portion of the Term of
this Agreement subsequent to the last bonus payment provided for by Schedule A, Employee will be eligible for the annual bonus program in accordance with Employer’s policies and procedures regarding such annual bonuses. 

4.3 Restricted Stock Award. In consideration for Employee’s execution of this Agreement, including, but not limited to the
promises made by Employee in Article VI of this 

  
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Agreement, subject to approval by the “Committee” (as defined in the Allegiance Bancshares, Inc. 2015 Amended and Restated Stock Awards and Incentive Plan, as amended (“Stock
Incentive Plan”)), in accordance with the terms of the Stock Incentive Plan, at the next regularly scheduled meeting of the Committee following the Effective Time, no later than the fifth (5th) business day after such meeting, Employer shall
deliver to Employee a restricted stock award agreement reflecting a grant pursuant to the Stock Incentive Plan to Employee of restricted shares of Allegiance common stock in an amount and subject to the terms and conditions specified in Schedule
A, and subject to such other terms and conditions determined by the Committee in its sole discretion. 
 ARTICLE V 

REIMBURSEMENT OF EMPLOYEE BUSINESS EXPENSES AND 

PARTICIPATION IN EMPLOYER BENEFIT PLANS 

5.1 Out of Pocket Expenses. Employee is authorized to incur reasonable business expenses for promoting the
business of Employer, including expenditures for entertainment, meals and travel and other similar business expenses, in accordance with Employer policy. Employer will reimburse Employee from time to time for all such business expenses;
provided, that Employee presents Employer with appropriate documentation of such expenditures in accordance with Employer’s established procedures relating to such reimbursements. 

5.2 Participation in Employer Benefit Plans. Until the termination of Employee’s employment, Employee will be
eligible to participate in all compensation programs and employee benefit plans maintained by Employer from time to time and generally available to the officers and employees of Employer, subject to the terms of such programs and plans. Employer
reserves the right to amend or cancel any compensation programs and employee benefit plans at any time in its sole discretion, subject to the terms of such programs and plans and applicable law. 

5.3 Reimbursements and In-Kind Benefits in General. All reimbursements
under this Agreement shall be paid to Employee as soon as administratively practicable after Employee has provided the appropriate documentation, but in no event shall any reimbursements be paid later than the last day of the calendar year following
the calendar year in which the expense was incurred. Notwithstanding anything herein to the contrary, to the extent required by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”): (a) the amount of
expenses eligible for reimbursement or in-kind benefits provided under this Agreement during a calendar year will not affect the expenses eligible for reimbursement or
in-kind benefits provided in any other calendar year, and (b) the right to reimbursement or in-kind benefits provided under this Agreement shall not be subject to
liquidation or exchange for another benefit. 
 ARTICLE VI 

RESTRICTIVE COVENANTS 

6.1 Confidential Information. “Confidential Information” means and includes the Bank’s and Employer’s, and
their affiliated entities’, confidential and/or proprietary information and/or trade secrets, including those that have been and/or will be developed or used and that 

  
 3 

 
cannot be obtained readily by third parties from outside sources. Confidential Information includes, but is not limited to, all information not generally known to the public, in spoken, printed,
electronic or any other form or medium, including, but not limited to the following: information regarding past, current and prospective customers and investors and business affiliates and contractors; information regarding the industry not
generally known to the public; strategies, methods, books, records, and documents; technical information concerning products, equipment, services, and processes; procurement procedures, pricing, and pricing techniques; including contact names,
services provided, pricing, type and amount of services used, financial data; pricing strategies and price curves; positions; plans or strategies for expansion or acquisitions; budgets; research; financial and sales data; trading methodologies and
terms; communications information; evaluations, opinions and interpretations of information and data; marketing and merchandising techniques; electronic databases; models; specifications; computer programs; contracts; bids or proposals; technologies
and methods; training methods and processes; organizational structure; payments or rates paid to consultants or other service providers. Confidential Information includes any such information that Employee may originate, learn, have access to or
obtain, whether in tangible form or memorized. Additionally, Employee recognizes that the Confidential Information is dynamic and ever-changing and that Employer and the Bank have agreed to provide Employee with access to Confidential Information in
a greater quantity and/or expanded nature than any such Confidential Information that may have already been provided to Employee. Confidential Information does not include information that is generally available to and known by the public, provided
that such disclosure to the public is through no direct or indirect fault of the Employee or person(s) acting on the Employee’s behalf. Employee acknowledges that the Bank’s and Employer’s respective businesses are highly competitive,
that this Confidential Information constitutes a valuable, special and unique asset used by each of the Bank and Employer in its business, and that protection of such Confidential Information against unauthorized disclosure and use is of critical
importance to the Bank and Employer. All Confidential Information, whether or not prepared by Employee, shall remain the exclusive property of the Bank or Employer, as applicable, and shall not be removed from the premises of the Bank or Employer,
as applicable, under any circumstances without the prior written consent of the Bank or Employer, as applicable, provided, however, that Employee may remove such items for the purpose of furthering the business of the Bank or Employer
if such action is consistent with the past practices of the Bank or Employer. 
 6.2 Promises of Employer and the Bank. The
Bank promises and agrees that reasonably soon after the execution of this Agreement by Employee, the Bank shall provide Employee with Confidential Information in a greater quantity and/or expanded nature than that already provided to Employee. In
addition, Employer promises and agrees that reasonably soon after the execution of this Agreement by Employee and during the Term and as part of the employment under this Agreement, Employer shall provide Employee with Confidential Information,
which will enable Employee to perform his job for Employer. In addition, after the Effective Time, Employee will have immediate access to, or knowledge of, Confidential Information of third parties, such as actual and potential customers, suppliers,
partners, joint ventures, investors, financing sources, etc., of Employer. Employee acknowledges that (i) the Bank and Employer have devoted substantial time, effort, and resources to develop and compile the Confidential Information;
(ii) public disclosure of such Confidential Information would have an adverse effect on the businesses of the Bank and Employer; (iii) the Bank and Employer would not disclose such information to the Employee, nor would the Bank or
Employer employ or continue to employ the 

  
 4 

 
Employee without the agreements and covenants set forth in this Article VI; and (iv) the provisions of this Article VI are reasonable and necessary to prevent the improper use or disclosure
of Confidential Information. 
 6.3 Employee’s Promises. 

(a) Employee agrees that Employee will not, at any time after the date of this Agreement, during the period of his employment
with the Bank or Employer, or after the termination of such employment with the Bank or Employer for any reason, make any unauthorized disclosure, directly or indirectly, of any Confidential Information of the Bank or Employer, or third parties, or
make any use thereof, directly or indirectly, except in performance of Employee’s duties for the Bank or Employer. Employee also agrees that Employee shall immediately deliver to the Bank or Employer, as directed, upon the termination of
employment or at any other time at the Bank or Employer’s request, without retaining any copies, all documents and other material in Employee’s possession relating, directly or indirectly, to any Confidential Information or other
information of the Bank or Employer, or Confidential Information or other information regarding third parties, learned as an employee of the Bank or Employer. 

(b) Ancillary to the consideration to be provided pursuant to Section 4.3 and Section 6.2 hereof, including but not
limited to the Bank and Employer’s agreement to provide Confidential Information to Employee and Employee’s agreement not to disclose Confidential Information, and in order to protect the Confidential Information, Employee agrees to the non-competition and non-solicitation provisions set forth in this Section 6.3(b)(1)-(4) (the “Non-Competition
Obligations”). Employee agrees that, for the Non-Competition Period, Employee will not, except as an employee of the Bank or Employer, in any capacity for Employee or others, directly or indirectly:

 (1) compete in, engage in, or contribute knowledge to, anywhere in the geographic area comprised of the fifty
(50) mile radius surrounding each of the banking centers of Employer (including, without limitation, those offices that were formerly banking offices of the Bank) or the Bank (collectively, the “Market Area”), a business
similar to that of the Bank or Employer, or compete in, engage in, or contribute knowledge to that type of business which the Bank or Employer has plans to engage in, or any business which the Bank or Employer has engaged in during the preceding
twelve (12) month period if within the twenty-four (24) months before the termination of Employee’s employment, Employee obtained information regarding the proposed plans or the business in which the Bank or Employer engaged; 

(2) take any action to invest in, own, manage, operate, control, participate in, be employed or engaged by or be connected in
any manner with any partnership, corporation or other business or entity engaging in a business similar to that of the Bank or Employer anywhere within the Market Area. Notwithstanding the foregoing, the Employee is permitted hereunder to own,
directly or indirectly, up to one percent (1%) of the issued and outstanding securities of any publicly traded financial institution conducting business in the Market Area; 

  
 5 

 (3) call on, service or solicit competing business from customers or
prospective customers of the Bank or Employer if, within the twelve (12) months before the termination of Employee’s employment with the Bank or Employer, Employee had or made contact with the customer, or had obtained information about
the customer in the course of employment with Employer; or 
 (4) call on, solicit or induce any employee of the Bank or
Employer whom Employee had contact with, knowledge of, or association with in the course of employment with the Bank or Employer to terminate employment from the Bank or Employer, or hire or retain any former employee of the Bank or Employer whom
Employee had contact with, knowledge of, or association with in the course of employment with the Bank or Employer and whose employment with the Bank or Employer terminated in the three-month period immediately preceding such hiring or retention,
and will not assist any other person or entity in such activities. 
 6.4 Non-Competition Period. The Non-Competition Obligations shall apply from the date of this Agreement through the date that is the third (3rd) anniversary of the date on which the
Effective Time occurs (the “Non-Competition Period”). However, if the Merger Agreement is terminated for any reason before the Effective Time occurs, Employee will have no Non-Competition obligations under this Agreement. 
 6.5 Non-Competition Covenant
Reasonable. The parties to this Agreement hereby agree that the restrictive covenants set forth in this Article VI are ancillary to this Agreement, which is an otherwise enforceable agreement. Employee agrees that any work performed by
Employee for any competitor of the Bank or Employer during the Non-Competition Period inevitably would lead to Employee’s unauthorized use of the Bank’s or Employer’s Confidential Information,
even if such use were unintentional. Because it would be impossible, as a practical matter, to monitor, restrain or police Employee’s use of such Confidential Information other than by Employee’s not working for a competitor, Employee
agrees that restricting such employment as set forth in this Agreement is the narrowest way to protect Employer’s interests, and the narrowest way of enforcing Employee’s consideration for the receipt of Employer’s specialized
training and Confidential Information (namely, Employee’s promise not to use or disclose that Confidential Information and/or specialized training). 

6.6 Enforcement and Legal Remedies. The Bank, Employer and Employee acknowledge and agree that breach of any of the covenants
made by Employee in this Agreement would cause irreparable injury to the Bank or Employer, which could not sufficiently be remedied by monetary damages; and, therefore, that the Bank or Employer shall be entitled to obtain such equitable relief as
declaratory judgments; temporary, preliminary and permanent injunctions, without posting of any bond, and order of specific performance to enforce those covenants or to prohibit any act or omission that constitutes a breach thereof. 

6.7 Tolling. In the event that Employer shall file a lawsuit in any Court of competent jurisdiction alleging a breach of the Non-Competition Obligations by the Employee, then any time period set forth in this Agreement including the time periods set forth above, will be extended one month for each month the Employee was in breach of this
Agreement, so that Employer is provided the benefit of the full Non-Competition Period. 

  
 6 

 6.8 Immunity Notice. Notwithstanding any other provision of this Agreement:

 (a) Employee will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure
of a trade secret that (i) is made: (A) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (B) solely for the purpose of reporting or investigating a suspected
violation of law; or (ii) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding; 

(b) If Employee files a lawsuit for retaliation, Employee may disclose Employer’s trade secrets to his attorney and use
the trade secret information in the court proceeding if Employee: (i) files any document containing the trade secret under seal; and (ii) does not disclose the trade secret, except pursuant to court order; and, 

(c) Nothing in this Agreement prevents Employee from communicating with government agencies. 

ARTICLE VII 

PROPRIETARY RIGHTS 
 7.1
Assignment. Employee hereby irrevocably assigns and agrees to assign to Employer all rights Employee may have in any and all intellectual property developed partially or wholly by Employee during his employment with Employer. Employer
agrees to provide Employee an opportunity to develop new intellectual property in an expanded nature. 
 7.2 Work for Hire.
Employee agrees that if, in connection with the performance of his duties while employed by Employer, Employee creates, or assists in the creation of, any work that may be protectable under the copyright laws or similar laws: (a) that such work
is considered a “work made for hire,” (b) Employer shall be considered the author and owner of the work, and (c) if it is later determined that the work was not a “work made for hire,” Employee hereby assigns to Employer any
copyrights and other ownership interests that Employee may have in the work. 
 7.3 Inventions. Employee further agrees to
promptly and fully inform and disclose to Employer the existence of all inventions, potential inventions, designs, discoveries, processes, business plans, improvements, ideas (“Inventions”), works of authorship, or derivative works that
are in any way created, have resulted, or are derived from the use of the Bank’s or Employer’s resources or were created, resulted or derived from while performing Employee’s duties as an employee employed by Employer, all of which
shall be the exclusive property of Employer. Employee further agrees to maintain current and adequate written records on the development of the aforementioned Inventions, works of authorship and derivative works. Employee hereby assigns and agrees
to assign, without further compensation, all of Employee’s right, title, and interest in or to the aforementioned Inventions, works of authorship, and derivative works. 

7.4 Applications and Registrations. Employee agrees to assist Employer in every proper way to perfect Employer’s rights in
all Inventions, trademarks, and copyrightable works; including, without limitation, promptly executing and delivering such patent, copyright, trademark or other applications, assignments, descriptions and other instruments, and to take such actions,
as may be reasonably necessary to vest title to, maintain title to, and/or defend or enforce the rights of Employer in the Inventions, trademarks, or copyrightable works. 

  
 7 

 7.5 Attorney in Fact. Employee agrees that in the event Employer
is unable, for any reason, after reasonable effort, to secure Employee’s signature on any document needed in connection with the actions specified in Section 7.4, Employee irrevocably designates and appoints the Company and its duly
authorized officers and agents as Employee’s agent and attorney in fact, to act for and on behalf of Employee to execute, verify and file any such documents and to do all other lawfully permitted acts to further the purposes of this assignment
with the same legal force and effect as if executed by Employee. 
 ARTICLE VIII 

TERMINATION RIGHTS 
 8.1
Termination for Cause by the Employer. The Employer may terminate this Agreement and Employee’s employment for Cause (as defined hereinafter), such termination to be effective immediately upon written notice to Employee. Any
termination of Employee’s employment under this Section 8.1 will not be in limitation of any other right or remedy which the Employer may have under this Agreement, at law, or in equity. The term “Cause” means
(a) Employee’s fraud, embezzlement, theft or misappropriation of funds or other property of the Employer or its affiliated entities, (b) self-dealing or gross negligence in the performance by Employee of his duties pursuant to this
Agreement, (c) the repeated failure or refusal by Employee to perform his duties to the Employer as provided herein, other than due to Disability, (d) the commission by Employee of any willful acts of bad faith or gross misconduct against
the Employer or its affiliated entities, (e) the indictment of Employee for a felony or other criminal act involving dishonesty, whether or not relating to his employment with the Employer, (f) the repeated breach by Employee of a lawful,
established policy or procedure of the Employer and (g) the Employee’s material breach of any provision of this Agreement; provided that with respect to clauses (c) and (f) and (g), Employer shall give Employee written notice of the
breach or other failure on the part of Employee and the actions necessary to correct such breach, if applicable. If Employee fails to cure the breach or failure within fifteen (15) days of receipt of such notice or if the breach or failure is
incurable, Employer may proceed to terminate Employee’s employment for Cause without further notice. 
 8.2 Termination by
Employer Upon Employee’s Disability. The Employer may terminate this Agreement and Employee’s employment upon a determination of Disability (as defined below), such termination to be effective immediately upon written notice to
Employee. The term “Disability” means Employee’s inability to perform his usual services to the Employer because of mental or physical illness or injury for the consecutive days as defined in the Employer’s disability policy then
in effect, which inability to perform will be determined by a physician selected by the Employer. 
 8.3 Termination Upon
Employee’s Death. In the event of Employee’s death, this Agreement and Employee’s employment shall immediately terminate. 

  
 8 

 8.4 Termination by Employer Other Than for Cause, Disability or Death.
Notwithstanding anything to the contrary contained in this Agreement, the Employer may terminate this Agreement and Employee’s employment for any or no reason during the Term (i.e., other than for Cause or Disability), such termination to be
effective immediately upon the giving of written notice to Employee from the Employer. 
 8.5 Termination by Employee.
Employee shall have the right, at his election and for any reason prior to the expiration of the Term of this Agreement, to voluntarily terminate this Agreement and his employment with Employer upon thirty (30) days written notice. 

8.6 Termination upon Expiration of Term. Upon expiration of the Term, and thereby, expiration of the Agreement, Employee shall
voluntarily terminate, by retirement, his employment with Employer. Upon Employee’s voluntary retirement, Employee shall not be entitled to any severance benefits, including, without limitation, pursuant to the Allegiance Bank Texas Severance
Plan, or other payments, except as described in Section 8.7(a) below. 
 8.7 Certain Payments Following Termination of
Employment. 
 (a) If Employee’s employment with the Employer is terminated by the Employer for Cause or
Disability, or if Employee voluntarily terminates employment with the Employer, or if Employee’s employment terminates by his voluntary retirement upon expiration of the Term of this Agreement, Employee shall thereafter be entitled to receive
from the Employer payment of any accrued but unpaid Base Salary, less applicable taxes, withholding, and deductions, through the date of employment termination and expense reimbursements through the date of such termination for which Employee is
entitled to reimbursement in accordance with Section 5.1 (collectively, the “Accrued Benefits”), and Employee’s Non-Competition Obligations set forth in Article VI shall continue
during the Non-Competition Period. For the avoidance of doubt, the Accrued Benefits do not include the yet to be accrued Base Salary that Employee would have earned had his employment not terminated. The
Accrued Benefits shall be paid to Employee within thirty (30) days after the date of termination. 
 (b) If
Employee’s employment with the Employer is terminated prior to the second anniversary of the Effective Time by the Employer for any reason other than for Cause, Disability or death, Employee shall be entitled to receive from the Employer
(i) the Accrued Benefits (payable within thirty (30) days after the date of termination), and (ii) provided Employee has executed a release in a form acceptable to the Employer (the “Release”) and any applicable
revocation period has expired without Employee revoking the Release, a lump sum payment, on the sixtieth (60th) day following the date of termination, equal to (x) the remaining yet to be earned Base Salary for the remaining portion of the Term
of this Agreement that Employee would have earned had Employee’s employment not been terminated before the end of the Term, plus (y) the remaining yet to be paid quarterly cash bonus payments, as set forth on Schedule A, all less
applicable taxes and withholdings (the “Severance Amount”), and the Non-Competition Period for Employee’s Non-Competition Obligations set forth in
Article VI shall continue as provided in Section 6.4. If Employee’s employment with the Employer is terminated on or after the second anniversary of the Effective Time and prior to the end of the Term by the Employer

  
 9 

 
for any reason other than for Cause, Disability or death, Employee shall be entitled to receive from the Employer (i) the Accrued Benefits (payable within thirty (30) days after the
date of termination), and (ii) provided Employee has executed the Release and any applicable revocation period has expired without Employee revoking the Release, the Severance Amount, which shall be paid in equal installments on each
March 31, June 30, October 31 and December 31 (each, a “Quarterly Payment Date”) beginning on the first Quarterly Payment Date to occur after the Release has become effective and ending on the last Quarterly
Payment Date on which the final quarterly cash bonus payment is scheduled to be paid as set forth on Schedule A, and the Non-Competition Period for Employee’s
Non-Competition Obligations set forth in Article VI shall continue as provided in Section 6.4. Moreover, in the event Employee’s employment with the Employer is terminated on or after the second
anniversary of the Effective Time and prior to the end of the Term by the Employer for any reason other than for Cause, Disability or death, Employer, in its sole discretion, may require Employee to enter into a consulting agreement, with a term not
to exceed one (1) year and for a level of services not to exceed twenty percent (20%) of the average level of services Employee provided to Employer during the 36-month period immediately preceding the
date of termination, and for no additional consideration above the Severance Amount. 
 (c) If Employee’s employment
with the Employer is terminated upon Employee’s death, Employee’s legal representatives shall thereafter be entitled to receive from the Employer payment of the Accrued Benefits within thirty (30) days after the date of death, and
Employee’s Non-Competition Obligations set forth in Article VI shall automatically cease. 

8.8 Code Section 409A. 

(a) Notwithstanding any provision of this Agreement to the contrary, if at the time of Employee’s termination of
employment with Employer, Employee is a “specified employee” as defined in Section 409A of the Code, then to the extent that any amount to which Employee is entitled in connection with the termination of his employment is subject to
Section 409A of the Code, payments of such amounts to which Employee would otherwise be entitled during the six (6) month period following Employee’s termination of employment will be accumulated and paid in a lump sum on the first
day of the seventh month after the date of Employee’s termination of employment. The first sentence of this paragraph shall apply only to the extent required to avoid Employee’s incurrence of any additional tax or interest under
Section 409A of the Code or any regulations or Treasury guidance promulgated thereunder. Each installment of the payments provided under Section 8.7(b) of this Agreement shall be treated as a separate payment for purposes of
Section 409A of the Code. 
 (b) Notwithstanding any provision of this Agreement to the contrary, to the extent that any
payment under the terms of this Agreement would constitute an impermissible acceleration of payments under Section 409A of the Code or any regulations or Treasury guidance promulgated thereunder, such payments shall be made no earlier than at
such times allowed under Section 409A of the Code. 

  
 10 

 (c) If any provision of this Agreement (or of any award of compensation)
would cause Employee to incur any additional tax or interest under Section 409A of the Code or any regulations or Treasury guidance promulgated thereunder, Employer may reform such provision; provided, that Employer shall
(i) maintain, to the maximum extent practicable, the original intent of the applicable provision without violating the provisions of Section 409A of the Code and (ii) notify and consult with Employee regarding such amendments or
modifications prior to the effective date of any such change. 
 8.9 Return of Property. Upon Employee’s termination of
employment for any reason, or at any time upon Employer’s request, Employee (or Employee’s executor or personal representative in the event of Employee’s death or Disability) shall immediately return to the Employer all property of
the Employer, including, but not limited to, all keys, credit cards and all other property of the Employer in Employee’s possession. 

ARTICLE IX 
 GENERAL
PROVISIONS 
 9.1 Notices. Any notices to be given hereunder by either party to the other may be effected either by
personal delivery in writing or by mail, registered or certified, postage prepaid with return receipt requested. Mailed notices shall be addressed to the parties at the addresses appearing in the introductory paragraph of the Agreement, but each
party may change its address by written notice in accordance with this paragraph. Notices delivered personally shall be deemed communicated as of actual receipt; mailed notices shall be deemed communicated as of three (3) days after mailing.

 9.2 Entire Agreement. This Agreement sets forth the entire agreement of the parties relating to the subject
matter hereof, and, effective after the Effective Time, supersedes any other employment agreements or understandings, written or oral, between the Employer and/or its predecessors and the Employee. The Employee has no oral representations,
understandings or agreements with the Bank or Employer or any of their officers, directors or representatives covering the same subject matters as this Agreement. The Agreement is the final, complete and exclusive statement and expression of the
agreement between the Bank, Employer and the Employee and of all the terms of this Agreement, and it cannot be varied, contradicted or supplemented by evidence of any prior or contemporaneous oral or written agreements. 

9.3 Governing Law. All questions concerning the validity, operation and interpretation of this Agreement and the performance of
the obligations imposed upon the parties hereunder shall be governed by the laws of the State of Texas. Exclusive venue of any dispute relating to this Agreement shall be, and is convenient in, Harris County, Texas. Employee agrees that he will not
contest venue in Harris County, Texas or the application of Texas laws to any dispute relating to, connected with or arising under this Agreement. 

9.4 Modification. This Agreement shall not be amended, modified, or altered in any manner except in writing signed by both
parties. 

  
 11 

 9.5 Failure to Enforce Not Waiver. Any failure or delay on the
part of the Bank, Employer or Employee to exercise any remedy or right under this Agreement shall not operate as a waiver. The failure of either party to require performance of any of the terms, covenants or provisions of this Agreement by the other
party shall not constitute a waiver of any of the rights under the Agreement. No forbearance by either party to exercise any rights or privileges under this Agreement shall be construed as a waiver, but all rights and privileges shall continue in
effect as if no forbearance had occurred. No covenant or condition of this Agreement may be waived except by the written consent of the waiving party. Any such written waiver of any term of this Agreement shall be effective only in the specific
instance and for the specific purpose given. 
 9.6 Survival. Notwithstanding anything in this Agreement to the contrary, the
provisions of Article VI shall survive early termination or expiration of the Term of this Agreement. 
 9.7 Partial
Invalidity. If any provision of this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions shall remain in full force and effect, as if this Agreement has been executed without
any such invalid provisions having been included. Such invalid provision shall be reformed in a manner that is both (i) legal and enforceable, and (ii) most closely represents the parties’ original intent. 

9.8 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of
which shall constitute one and the same instrument. 
 9.9 Successors and Assigns. This Agreement shall be
binding upon and shall inure to the benefit of the Bank, Employer and Employee, and their respective heirs, executors, administrators, successors and assigns, including, without limitation, any successor by merger, consolidation or stock purchase of
the Bank, Employer and any entity or person that acquires all or substantially all of the assets of the Bank or Employer. 
 [Signature
Page Immediately Follows] 

  
 12 

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

			
	ALLEGIANCE BANK
	 EMPLOYER

 

 
			
	By:	 	 /s/ Steven F. Retzloff

			
	Name:	 	Steven F. Retzloff
	Title:	 	Chairman
	  
 POST OAK BANK, N.A.

	 THE BANK

 

 
			
	By:	 	 /s/ Renee C. Bourland

			
	Name:	 	Renee C. Bourland
	Title:	 	Executive Vice President & Chief
Financial Officer
	  
 EMPLOYEE

 
     /s/ Roland L. Williams

	  

        Roland L. Williams

 [Signature Page to Employment Agreement] 

 Schedule A 

Quarterly Cash Bonus: $33,547, subject to applicable taxes and withholdings, to be paid through normal payroll practices on each March 31,
June 30, October 31 and December 31 for twelve consecutive quarters beginning on the first such quarterly date after the Effective Time. Except as set forth in Section 8.7(b), if Employee’s employment with Employer
terminates for any reason, Employee shall forfeit the right to receive any bonus payment that has not been paid as of the date of such termination. 

Restricted Stock Grant: 8,591 shares, which will vest 50% per year on each anniversary of the grant.

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