Document:

Supplemental Executive Retirement Agreement

 Exhibit 10.1 
 SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT 
 THIS SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT (the
“Agreement”) made and entered into as of this 15th day of November, 2006 (the “Effective Date”), by and between BANCFIRST, an Oklahoma banking corporation (the “Company”), and Darryl Schmidt (the “Executive”).

 Now, therefore, in consideration of services to be performed in the future as well as of the mutual promises and covenants herein
contained, the parties agree as follows: 
 ARTICLE I 
 Definitions 
 1.1 Definitions. Whenever used in this Agreement, the following words and
phrases shall have the meanings specified: 
 (a) Cause means termination of the Executive’s employment by the Company for one of
the following reasons: (i) insubordination; (ii) disloyalty; (iii) breach of this Agreement; (iv) theft, dishonesty or other unlawful conduct; or (v) other similar cause, including failure to perform duties in accordance
with the instructions of the Company. 
 (b) Change of Control means the direct or indirect occurrence of any of the following:

 (i) Company sells substantially all of its assets to a single purchaser or to a group of associated purchasers; 
 (ii) at least two-thirds (2/3) of the outstanding shares of common stock of the Company are sold, exchanged, or otherwise disposed of, in one
transaction; or 
 (iii) there is a merger or consolidation of the Company in a transaction in which the holders of the Company’s
common stock receive or represent less than fifty percent (50%) of the outstanding voting shares of the new or continuing corporation. 
 (c) Death Benefit means the benefit payable to Executive’s Surviving Spouse or other designated beneficiary pursuant to Section 2.3 hereof. 
 (d) Supplemental Retirement Income means the benefit payable to the Executive pursuant to Article II hereof. 
 (e) Surviving Spouse shall mean only the then surviving spouse of the Executive as of the date of the Executive’s death. 
 ARTICLE II 
 Supplemental Retirement Income 

 2.1 Supplemental Retirement Income. Subject to the terms of this Agreement, if an Executive
remains continually employed with the Company until age 65, the Executive shall be entitled to a Supplemental Retirement Income of $100,000 per year for a period of ten (10) years commencing on the first day of the month coinciding with or next
following the date the Executive attains age 65; provided, these Supplemental Retirement Income payments shall commence as of such date whether or not the Executive continues to be employed by the Company beyond age 65. Executive’s Supplemental
Retirement Income shall be payable on a monthly basis. If the Executive dies during the ten year period of Supplemental Retirement Income payments, the Executive’s Surviving Spouse or other designated beneficiary shall receive the remaining
payments over the remainder of the ten year period. 
 2.2 Payment of Benefit upon Termination Without Cause. Upon the occurrence of a
Change of Control or after Executive reaches age 59, if Executive is terminated without Cause prior to reaching age 65, Executive shall be entitled to receive a single lump sum distribution of the present values (based on a discount rate of 6%) of
Executive’s Supplemental Retirement Income. This lump sum distribution will be paid within 90 days of Executive’s termination of employment and shall be in lieu of the Supplemental Retirement Income, or any other payment due Executive
under this Agreement. 
 2.3 Death Benefit. If the Executive dies while still employed with the Company, but before age 65, the
Company shall pay a Death Benefit to the Surviving Spouse or if the Executive has previously elected otherwise, to a designated beneficiary, in the form of a lump sum distribution. The amount of the Death Benefit shall be calculated as a fraction of
the total lump sum amount of the Executive’s Supplemental Retirement Income. The Fraction shall be calculated with the numerator being the total number of months between the Effective Date of this Agreement and the Executive’s death and
the denominator being the total months between the Effective Date of this Agreement and the date the Executive would have reached age 65; provided further, this lump sum payment shall be paid within sixty (60) days of Executive’s date of
death. The Death Benefit payable under this Section shall be in lieu of the Supplemental Retirement Income, or any other payment otherwise due Executive under this Agreement. 
 2.4 Termination of Employment Prior to Age 59 or For Cause. Except as otherwise provided in this Article II, if Executive ceases to be employed by
the Company (i) for any reason (other than death) prior to reaching age 59 or (ii) prior to reaching age 65 the Executive is terminated by the Company for Cause, the Executive shall not be entitled to any benefit under this Agreement.

 ARTICLE III 
 General Limitations 
 3.1 No Trust. No action under this Agreement by the Company shall be construed as
creating a trust, escrow or other secured or segregated fund in favor of Executive. The status of the Executive with respect to any liabilities assumed by the Company hereunder shall be solely those of unsecured creditors of the Company. Any asset
acquired or held by the Company in connection with liabilities assumed by it hereunder shall not be deemed to be held under any trust, escrow or other secured or segregated fund for the benefit of the Executive or to be security for the 

 

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 performance of the obligations of the Company, but shall be, and remain, a general, unpledged, unrestricted asset of the
Company, at all times subject to the claims of general creditors of the Company. It is also intended that for federal income tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), that this Agreement shall at all times be unfunded. 
 3.2 No Assignability. Neither the Executive nor any other
person shall acquire any right to or interest in any Supplemental Retirement Income, or any other benefit under this Agreement otherwise than by actual payment in accordance with the provisions of this Agreement, or have any power to transfer,
assign, anticipate, pledge, mortgage or otherwise encumber, alienate or transfer any rights hereunder in advance of any of the payments to be made pursuant to the Agreement or any portion thereof, which is expressly declared to be nonassignable and
nontransferable. No right or benefit hereunder shall in any manner be subject to the debts, contracts, liabilities, or torts of the Executive. If the Executive should become bankrupt or attempt to anticipate, alienate, sell, assign, pledge,
encumber, or charge any right to a benefit under this Agreement, then such right or benefit shall, in the discretion of the Company, cease and terminate, and, in such event, the Company may hold or apply the same or any part thereof for the benefit
of the Executive, in such manner and in such portion as the Company, in its sole and absolute discretion, may deem proper. 
 3.3
Agreement Does Not Guarantee Continued Employment of the Executive. The execution of this Agreement by the Company and the Executive in no way whatsoever guarantees the continuation of employment of the Executive with the Company. 

3.4 Withholding. Since the payment of Supplemental Retirement Income is compensation, the Company and the Executive shall comply with all
federal and state laws and regulations respecting the withholding, deposit and payment of any income, employment or other taxes relating to any payments made under this Agreement. 
 3.5 Limitation on Payment of Benefits. Payments under this Agreement shall accrue and be payable only at such times and upon the occurrence of
such conditions as heretofore described. In no event whatsoever shall the Executive have any right, claim, or interest of any kind whatsoever in any future payments of such benefits and such payments shall accrue and be payable only as provided
hereinabove. 
 ARTICLE IV 
 Confidential Information/Noncompetition 
 4.1 Confidential Information. Executive shall hold in a fiduciary
capacity for the benefit of the Company all trade secrets and confidential and proprietary information, business documents, technical information, and all knowledge or data relating to the Company and its businesses, finances and investments which
shall have been obtained by Executive during Executive’s employment by the Company and which is not generally available public knowledge (other than by acts by Executive in violation of this Agreement). This shall include, without limitation,
both written and unwritten information relating to operations; business planning and strategies; finance; accounting; personnel, salaries and management; customer names, addresses and contracts; costs of providing products and service; operating and
maintenance costs; and pricing matters. Executive 
  

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 shall not, without the prior written consent of the Company or as may otherwise be required by law or any legal process,
communicate or divulge any such trade secrets, information, knowledge or data to anyone other than the Company and those designated by the Company or on behalf of the Company in the furtherance of its business or to perform duties hereunder.

 4.2 Protection of Business/Non-Competition. During such time as Executive is receiving payments under this Agreement (whether or
not Executive continues to be employed by the Company), the Executive will not (i) directly or indirectly, alone, in association with or as a principal, agent, partner, officer, director or employee of any other organization, engage in a
business which directly competes with the current business ventures of the Company; (ii) solicit any officer or employee (other than secretarial staff) of the Company to become employed by an entity which engages in a business that competes
with the business ventures of the Company. If, at any time, the provisions of this Section 4.2 shall be determined to be invalid or unenforceable, by reason of being vague or unreasonable as to geographic area, duration or scope of activity,
this Section 4.2 shall be considered divisible and shall become and be immediately amended to only such area, duration and scope of activity as shall be determined to be reasonable and enforceable by an arbitrator or a court having jurisdiction
over the matter; and Executive agrees that this Section 4.2 as so amended shall be valid and binding as though any invalid or unenforceable provision had not been included herein. The parties agree that the geographic area, duration and scope
of activity for which the covenant not to compete set forth in this Section 4.2 is to be effective, are reasonable. For purposes of this Section 4.2 and Section 4.1 above, the term “Company” shall also include its parent or
any of its subsidiaries. 
 4.3 Continued Litigation Assistance. The Executive will continue to cooperate with and assist the Company
and its representatives and attorneys as requested with respect to any litigation, arbitrations or other dispute resolutions by being available for interviews, depositions and/or testimony in regard to any matters in which he is or has been involved
or with respect to which he has relevant information. The Company will reimburse the Executive for any reasonable business expenses he may incur in connection with this obligation. 
 4.4 Preserving Company Name. The Executive will not at any time in the future defame, disparage or make statements which could embarrass or cause
harm to the Company’s name and reputation or the names and reputation of any of its officers, directors or representatives. 
 4.5
Forfeiture. Retention by the Executive of or the obligation of the Company to make any payments under this Agreement shall be contingent on the Executive’s on-going compliance with the Executive’s obligations under this Agreement,
including the Executive’s commitments in this Article IV. Breach of the Executive’s obligations under this Agreement at any time in the future shall entitle the Company to forfeit all payments to be made or benefits provided under this
Agreement. 
  

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 ARTICLE V 
 Miscellaneous 
 5.1 Successors and Binding Effect. 
 (a) Successor Must Assume Agreement. The Company will require any successor (whether direct or indirect, by merger, consolidation or otherwise) to
all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken
place. 
 (b) Binding Effect. This Agreement shall inure to the benefit of and be enforceable upon the Company and its successors and
the Executive, the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
 5.2 Applicable Law. Except as provided in Section 5.4 and/or as preempted by ERISA through Article VI or elsewhere herein, this Agreement shall be governed by and construed in accordance with the laws of
the State of Oklahoma, without reference to principles of conflict of laws which might invoke the substantive law of another jurisdiction. 
 5.3 Notices. All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as
follows: 
 If to the Executive: 
 At his last known address evidenced on the Company’s payroll records. 
 If to the Company: 
 BancFirst 
 Attn: David Rainbolt 
 101 North Broadway 
 Oklahoma City OK 73102-7103 
 or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice
and communications shall be effective when actually received by the addressee. 
 5.4 Arbitration. Executive agrees that
Executive’s employment, including separation, and this Agreement relate to interstate commerce, and that subject to and following exhaustion of the Executive’s rights and obligations with respect to administration and claims procedures
under Article VI, any disputes, claims or controversies between Executive and the Company which may arise out of or relate to this Agreement shall be settled by arbitration. Nothing in this Agreement to arbitrate, however, shall preclude the Company
from obtaining injunctive relief from a court of competent jurisdiction prohibiting ongoing breaches of the Executive’s obligations under Article IV pending arbitration of the Agreement. This agreement to arbitrate shall survive the termination
of 
  

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 this Agreement. Any arbitration shall be in accordance with the Rules of the American Arbitration Association and shall
be undertaken pursuant to the Federal Arbitration Act. Arbitration will be held in Oklahoma City, Oklahoma unless the parties mutually agree on another location. The decision of the arbitrator(s) will be enforceable in any court of competent
jurisdiction. The parties agree that punitive, liquidated or indirect damages shall not be awarded by the arbitrator(s). 
 5.5 Entire
Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes any and all prior or contemporaneous oral and prior written agreements and understandings which involve the
providing of supplemental retirement benefit from a non-qualified deferred compensation plan, and any such prior agreements and understandings are cancelled by the execution of this Agreement. There are no oral promises, conditions, representations,
understandings, interpretations or terms of any kind as conditions or inducements to the execution hereof or in effect among the parties. 
 5.6 Amendment. This Agreement may not be amended, and no provision hereof shall be waived, except by a writing signed by all parties to this Agreement, or, in the case of a waiver, by the party waiving compliance therewith, which
states that it is intended to amend or waive a provision of this Agreement. Any waiver of any rights or failure to act in a specific instance shall relate only to such instance and shall not be construed as an agreement to waive any rights or
failure to act in any other instance, whether or not similar. 
 5.7 Enforceability. Should any provision of this Agreement be
unenforceable or prohibited by an applicable law, this Agreement shall be considered divisible as to such provision which shall be inoperative, and the remainder of this Agreement shall be valid and binding as though such provision were not included
herein. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 
 5.8 Counterparts. This Agreement may be executed in two or more counterparts with the same effect as if the signatures to all such counterparts were upon the same instrument, and all such counterparts shall
constitute but one instrument. 
 5.9 Headings. All headings in this Agreement are for convenience only and are not intended to affect
the meaning of any provision hereof. 
 ARTICLE VI 
 Administration 
 6.1 Allocation of Responsibility for Administration. The Company shall
have the authority to interpret and construe the Agreement, and determine all questions arising under the Agreement in its sole discretion. Any interpretation, decision or determination made by the Company shall be final, binding and conclusive.

 6.2 Claims Procedure. The Company shall make all determinations as to the right of any Executive or his Surviving Spouse (or
designated beneficiary) to a Supplemental Retirement Income. If any request for a payment is wholly or partially denied, the Company shall notify the 
  

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 person requesting the payments, in writing, of such denial, including in such notification the following information:

 (a) the specific reason or reasons for such denial; 
 (b) the specific references to the pertinent Agreement provisions upon which the denial is based; 
 (c) a
description of any additional material and information which may be needed to clarify the request, including an explanation of why such information is required; and 
 (d) an examination of this Agreement’s review procedure with respect to denial of benefits. 
 Provided, that any such
notice to be delivered to any Executive or Surviving Spouse (or designated beneficiary) shall be mailed by certified or registered mail and shall be written to the best of the Company’s ability in a manner that may be understood without legal
counsel. 
 6.3 Review Procedure. Any Executive or Surviving Spouse (or designated beneficiary) whose claim has been denied in
accordance with Section 6.2 herein may appeal to the Company for review of such denial by making a written request therefor within 60 days of receipt of the notification of such denial, and such Executive or Surviving Spouse (or designated
beneficiary) may examine documents pertinent to the review and may submit to the Company written issues and comments. Within 60 days after receipt of the request for review, the Company shall communicate to the claimant, in writing, its decision,
and the communication shall set forth the reason or reasons for the decision and specific reference to those Agreement provisions upon which the decision is based. The decision of the Company shall be final and conclusive absent the Company
committing an abuse of its discretion, as determined by arbitration. 
 6.4 Exhaustion of Administrative Remedies and Claims
Procedure. Exhaustion of the administrative remedies and the claims procedures under this Article VI shall be a legal prerequisite to any claim or defense brought, raised or pursued by the Executive pursuant to Section 5.4. 
 DATED the day and year first above written. 
  

					
	“COMPANY”	 	BANCFIRST
			
		 	By:	 	 /s/ Randy Foraker

		 		 	Randy Foraker, Treasurer
		
	“EXECUTIVE”	 	 /s/ Darryl Schmidt

  

 7Survivor Benefit Agreement

 Exhibit 10.2 
 BANCFIRST SURVIVOR BENEFIT AGREEMENT 
 THIS BANCFIRST SURVIVOR BENEFIT AGREEMENT (the
“Agreement”), is made as of this 15th day of November, 2006, at Oklahoma City, Oklahoma by and between Darryl Schmidt (hereinafter referred to as the “Employee”), and BancFirst, an Oklahoma banking corporation (hereinafter
referred to as the “Bank”). In consideration of the mutual covenants hereinafter set forth and for good and valuable consideration, the Employee and the Bank hereby agree as follows: 
 ARTICLE 1 
 Definitions 
 1.1 Administrator shall mean the Treasurer of the Bank or other person or persons appointed by the Board of Directors of the Bank to administer
the Agreement pursuant to Article 6 of the Agreement. 
 1.2 Beneficiary shall mean the person(s) or entity designated as such in
accordance with Article 5 of the Agreement. 
 1.3 Bank shall mean BancFirst. 
 1.4 ERISA shall mean the Employee Retirement Income Security Act of 1974, as amended. 
 1.5 Agreement Year shall mean the calendar year. 
 1.6 Termination of Employment shall mean the date of the cessation of the Employee’s employment with the Bank for any reason whatsoever, whether voluntary or involuntary, including retirement or disability
but not as a result of the Employee’s death. 
 ARTICLE 2 
 Participation 
 2.1 Enrollment. Employee shall file a completed and fully
executed Bank Owned Life Insurance Consent Form and such other insurance applications and forms as may be reasonably requested by the Administrator; provided, this Agreement shall only become effective at such time as insurance coverage on the
Employee has been secured for the Bank. 
 2.2 Insurability. The Employee is not automatically entitled to receive benefits provided
under this Agreement. He must satisfy the requirements for the Bank to obtain insurance on his or her life before being eligible to receive benefits under the Agreement. The Employee shall cooperate with the Bank by furnishing any and all
information requested by the Administrator, in order to facilitate the payment of benefits hereunder. If the Employee refuses to so cooperate, the Bank shall have no further obligation to the Employee under the Agreement. In the event of the
Employee’s suicide during the first two (2) years in the Agreement, or if the Employee makes any material misstatement of information, then no benefits shall be payable to 

 the Employee under the Agreement, except that benefits may be payable in a reduced amount in the sole discretion of the
Administrator. 
 ARTICLE 3 
 Death Benefits 
 3.1 Death Benefit. In the event of the Employee’s death prior to Termination of Employment, the
Bank shall pay to the Employee’s Beneficiary a death benefit equal to one hundred and fifty thousand dollars ($150,000). The Beneficiary shall have no direct interest in the proceeds of any insurance policy purchased by the Bank to
facilitate payment of the death benefit and any and all proceeds payable from any policy purchased pursuant to this Agreement on the life of the Employee shall belong to the Bank. The death benefit shall be paid within ten (10) days from
receipt by the Bank of the death proceeds from the underlying life insurance policy. 
 3.2 Termination of Employment. Upon the
Employee’s Termination of Employment for any reason, including retirement or disability, all benefits provided under this Agreement shall cease as of the effective date of such Termination of Employment. 
 ARTICLE 4 
 Amendment and Termination
of Agreement 
 4.1 Amendment or Termination of the Agreement. The Bank may, at any time, direct the Administrator to amend or
terminate the Agreement. In the event that the Bank terminates the Agreement, the Employee shall not have any interest in any insurance policy purchased by the Bank to provide benefits under this Agreement. 
 ARTICLE 5 
 Beneficiaries

 5.1 Beneficiary Designation. The Employee shall have the right, at any time, to designate any person or persons as Beneficiary
(both primary and contingent) to whom payment under the Agreement shall be made in the event of the Employee’s death. The Beneficiary designation shall be effective when it is submitted in writing to, and acknowledged by, the Administrator
during the Employee’s lifetime on a form prescribed by the Administrator. 
 5.2 Revision of Designation. The submission of a new
Beneficiary designation shall cancel all prior Beneficiary designations. Unless the Employee has made an irrevocable designation, any finalized divorce of a Employee subsequent to the date of a Beneficiary designation shall revoke such
Executive’s Beneficiary designation, unless in the case of divorce, the previous spouse was not designated as Beneficiary. 
 5.3
Absence of Valid Designation. If the Employee fails to designate a Beneficiary as provided above, or if the Beneficiary designation is revoked by divorce, or otherwise without execution of a new designation, or if every person designated as
Beneficiary dies prior to complete distribution of the policy proceeds, then the Administrator shall direct the distribution of such benefits to the Employee’s estate. 
  

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 ARTICLE 6 
 Administration/Claims Procedures 
 6.1 Administration. The Agreement will be administered by
the Administrator, which shall have the exclusive right and full discretion (i) to interpret the Agreement, (ii) to decide any and all matters arising hereunder (including the right to remedy possible ambiguities, inconsistencies, or
admissions), (iii) to make, amend and rescind such rules as it deems necessary for the proper administration of the Agreement and (iv) to make all other determinations necessary or advisable for the administration of the Agreement,
including determinations regarding eligibility for benefits payable under the Agreement. All interpretations of the Administrator with respect to any matter hereunder shall be final, conclusive and binding on all persons affected thereby. The
Administrator shall not be liable for any determination, decision, or action made in good faith with respect to the Agreement. The Bank will indemnify and hold harmless the Administrator from and against any and all liabilities, costs, and expenses
incurred by such persons as a result of any act or omission in connection with the performance of such persons’ duties, responsibilities, and obligations under the Agreement, other than such liabilities, costs, and expenses as may result from
the bad faith, willful misconduct, or criminal acts of such persons. 
 6.2 Notice of Right to Claim Benefits. The Administrator shall
notify the Beneficiary or, where appropriate, the Employee’s estate, of a right to claim benefits under the Agreement, and shall provide instructions for the filing of such claim. 
 6.3 Claims Procedures. The Beneficiary or the Employee’s estate may file a written claim with the Administrator setting forth the nature of
the benefit claimed, the amount thereof, and the basis for claiming entitlement to such benefit. The Administrator shall determine the validity of the claim and communicate a decision to the claimant promptly and, in any event, not later than ninety
(90) days after receipt of the claim by the Administrator. If additional information is necessary to make a determination on a claim, the claimant shall be advised of the need for such additional information within forty-five (45) days
after the date of the claim. The claimant shall have up to one hundred eighty (180) days to supplement the claim information, and the claimant shall be advised of the decision on the claim within forty-five (45) days after the earlier of
the date the supplemental information is supplied or the end of the one hundred eighty (180) day period. Every claim for benefits which is denied shall be denied by written notice setting forth in a manner calculated to be understood by the
claimant (i) the specific reason or reasons for the denial, (ii) specific reference to any provisions of the Agreement (including any internal rules, guidelines, protocols, criteria, etc.) on which the denial is based,
(iii) description of any additional material or information that is necessary to process the claim, and (iv) an explanation of the procedure for further reviewing the denial of the claim (including applicable time limits and a statement of
the claimant’s right bring a legal action following an adverse determination on review). 
 6.4 Review Procedures. Within sixty
(60) days after the receipt of a denial on a claim, a claimant or his/her authorized representative may file a written request for review of such denial. Such review shall be undertaken by the Administrator and shall be a full and fair review.
The claimant shall have the right to review all pertinent documents. The Administrator shall issue a decision not later than sixty (60) days after the receipt of a request for review from a 
  

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 claimant unless special circumstances, such as the need to hold a hearing, require a longer period of time, in which case
a decision shall be rendered as soon as possible but not later than one hundred twenty (120) days after the receipt of the claimant’s request for review. The decision on review shall be in writing and shall include specific reasons for the
decision written in a manner calculated to be understood by the claimant with specific reference to any provisions of the Agreement on which the decision is based. 
 ARTICLE 7 
 Miscellaneous 
 7.1 Successors of the Bank. The rights and obligations of the Bank under the Agreement shall inure to the benefit of, and shall be binding upon,
the successors and assigns of the Bank. 
 7.2 Nonassignability. The benefits provided under the Agreement may not be alienated,
assigned, transferred, pledged or hypothecated by any person, at any time, or to any person whatsoever. Those benefits shall be exempt from the claims of creditors or other claimants of the Employee or Beneficiary and from all orders, decrees,
levies, garnishment or executions to the fullest extent allowed by law. 
 7.3 No Right to Bank Assets. The benefits paid under the
Agreement shall be paid from the general funds of the Bank, and any Beneficiary or the Employee’s estate shall be no more than unsecured general creditors of the Bank with no special or prior right to any assets of the Bank for payment of any
obligations hereunder. In particular, the Employee, the Beneficiary, and the Employee’s estate shall not have any rights to any insurance policy purchased in connection with the Agreement regardless of whether the Employee is the insured under
such policy. 
 7.4 Tax Liability and Withholding. The benefits paid under the Agreement shall be reduced to comply with any federal,
state or local income tax withholding requirements and Social Security or other employee tax requirements applicable to the provision or payment of benefits under the Agreement. 
 7.5 Employment Not Guaranteed. Nothing contained in the Agreement nor any action taken hereunder shall be construed as a contract of employment or
as giving the Employee any right to continued employment with the Bank. 
 7.6 Gender, Singular and Plural. All pronouns and any
variations thereof shall be deemed to refer to the masculine, feminine, or neuter, as the identity of the person or persons may require. As the context may require, the singular may be read as the plural and the plural as the singular. 

7.7 Captions. The captions of the articles and paragraphs of the Agreement are for convenience only and shall not control or affect the meaning
or construction of any of its provisions. 
  

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 7.8 Validity. In the event any provision of the Agreement is held invalid, void or unenforceable,
the same shall not affect, in any respect whatsoever, the validity of any other provisions of the Agreement. 
 7.9 Waiver of Breach.
The waiver by the Bank of any breach of any provision of the Agreement shall not operate or be construed as a waiver of any subsequent breach by the Employee. 
 7.10 Notice. Any notice or filing required or permitted to be given to the Bank or the Employee under this Agreement shall be sufficient if in writing and hand-delivered, or sent by certified mail, in the case
of the Bank, to the principal office of the Bank, directed to the attention of the Administrator, and in the case of the Employee, to the last known address of the Employee indicated on the employment records of the Bank. Such notice shall be deemed
given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for certification. 
 7.11 Applicable Law. In the event any provision of, or legal issue relating to, this Agreement is not fully preempted by ERISA, such issue or provision shall be governed by the laws of the State of Oklahoma. 
 [Signature page to follow] 
  

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 IN WITNESS WHEREOF, the Bank has caused this Agreement to be executed effective the 15th day of November,
2006. 
  

					
	“BANK”	 	 BANCFIRST, an Oklahoma banking
 corporation

			
		 	By:	 	 /s/ Randy Foraker

		 		 	Randy Foraker, Treasurer
		
	“EMPLOYEE”	 	 /s/ Darryl Schmidt

  

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