Document:

Exhibit 10.1

 

UNITED STATES OF AMERICA

BEFORE THE

BOARD OF GOVENORS OF THE FEDERAL RESERVE SYSTEM

WASHINGTON, D.C.

 

	
  Written Agreement by and among

  	
   

  	
  Docket
  No. 08-046-WA/RB-HC

  
	
   

  	
   

  	
   

  
	
  TEAM FINANCIAL, INC.

  	
   

  	
   

  
	
  Paola, Kansas

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  POST BANCORP, INC.

  	
   

  	
   

  
	
  Colorado Springs, Colorado

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TEAM FINANCIAL ACQUISTION

  	
   

  	
   

  
	
  SUBSIDIARY, INC.

  	
   

  	
   

  
	
  Paola, Kansas

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  and

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  FEDERAL RESERVE BANK OF

  	
   

  	
   

  
	
  KANSAS CITY

  	
   

  	
   

  
	
  Kansas City, Missouri

  	
   

  	
   

  

 

WHEREAS,
Team Financial, Inc., Paola, Kansas, Post Bancorp, Inc., Colorado
Springs, Colorado, and Team Financial Acquisition Subsidiary, Inc., Paola,
Kansas, are registered bank holding companies (all of the foregoing
collectively, the “Companies”) that own and control TeamBank, National
Association, Paola, Kansas and Colorado National Bank, Colorado Springs,
Colorado, national banking association (collectively, the “Banks”) and various
nonblank subsidiaries;

 

WHEREAS,
it is the common goal of the Companies and the Federal Reserve Bank of Kansas
City (the “Reserve Bank”) to maintain the financial soundness of the Companies
so that they may serve as a source of strength to the Banks;

 

WHEREAS,
the Companies and the Reserve Bank have mutually agreed to enter into this
Agreement (the “Agreement”); and

 

WHEREAS,
on November 19, 2008, the boards of directors of the Companies, at duly
constituted meetings, adopted resolutions authorizing and directing Connie
Hart, Chairman of the Board of Directors for Team Financial, Inc. to enter
into this Agreement on behalf of the Companies, and consenting to compliance
with each and every provision of this Agreement by the Companies and their
institution-affiliated parties, as defined in sections 3(u) and 8(b)(3) of
the Federal Deposit Insurance Act, as amended (the “FDI Act”) (12 U.S.C. §§
1813(u) and 1818(b)(3)).

 

NOW,
THEREFORE, the Companies and the Reserve Bank agree as follows:

 

1

 

Dividends

 

1.             (a)           The
Companies shall not declare or pay any dividends without the prior written
approval of the Reserve Bank and the Director of the Division of Banking
Supervision and Regulation (the “Director”) of the Board of Governors of the
Federal Reserve System (the “Board of Governors”).

 

                (b)           The Companies shall not directly or indirectly take
dividends or any other form of payment representing a reduction in capital from
the Banks without the prior written approval of the Reserve Bank.

 

                (c)           The Companies and their nonbank subsidiaries shall not
make any distributions of interest, principal, or other sums on subordinated
debentures or trust preferred securities without the prior written approval of
the Reserve Bank and the Director.

 

                (d)           All requests for prior approval shall be received by the
Reserve Bank at least 30 days prior to the proposed dividend declaration date,
proposed distribution on subordinated debentures, and required notice of
deferral on trust preferred securities. 
All requests shall contain, at a minimum, current and projected
information on capital, earnings, and cash flow for each of the Companies;
capital, asset quality, earnings, and allowance for loan and lease losses (“ALLL”)
for each of the Banks; and identification of the sources of funds for the
proposed payment or distribution.  For
requests to declare or pay dividends, the Companies must also demonstrate that
the requested declaration or payment of dividends is consistent with the Board
of Governors’ Policy Statement on the Payment of Cash Dividends by State Member
Banks and Bank Holding Companies, dated November 14, 1985 (Federal Reserve
Regulatory Service, 4-877 at page 4-323).

 

Debt
and Stock Redemption

 

2.             (a)           The
Companies and their nonbank subsidiaries shall not directly or indirectly
incur, increase, or guarantee any debt, including debt to shareholders, without
the prior written approval of the Reserve Bank. 
All requests for prior written approval shall contain, but not be
limited to, a statement regarding the purpose of the debt, the terms of the
debt, the planned source(s) for debt repayment, and an analysis of the
cash flow resources available to meet such debt repayment.

 

                (b)           The Companies shall not, directly or indirectly, purchase
or redeem any shares of their stock without the prior written approval of the
Reserve Bank.

 

2

 

Capital
Plan

 

3.             Within 60 days of this Agreement,
the Companies shall submit to the Reserve Bank an acceptable written plan to
maintain sufficient capital at the consolidated organization and each of the
Banks.  The plan shall, at a minimum,
address, consider, and include:

 

                (a)           The consolidated organization’s and the Banks’ current and
future capital requirements, including compliance with the Capital Adequacy
Guidelines for Bank Holding Companies: Risk-Based Measure and Tier 1 Leverage
Measure, Appendices A and D of Regulation Y of the Board of Governors (12
C.F.R. Part 225, App. A and D) and the capital adequacy guidelines for
each of the Banks issued by the Banks’ appropriate federal regulator;

 

                (b)           the adequacy of the Banks’ capital, taking into account the
volume of classified credits, concentrations of credit, adequacy of ALLL,
current and projected asset growth, and projected retained earnings of each of
the Banks;

 

                (c)           the source and timing of additional funds to fulfill the
consolidated organization’s and the Banks’ future capital requirements;

 

                (d)           supervisory requests for additional capital at the Banks
or the requirements of any supervisory action imposed on the Banks by their
appropriate federal regulator;

 

                (e)           the requirements of section 225.4(a) of Regulation Y
of the Board of Governors (12 C.F.R. § 225.4(a)) that the Companies serve as a
source of strength to the Banks; and

 

                (f)            procedures for the Companies to: (i) notify the
Reserve Bank, in writing, no more than 30 days after the end of any quarter in
which the Companies’ consolidated capital ratios or any of the Banks’ capital
rations (total risk-based, Tier 1 risk-based, or leverage) fall below the plan’s
minimum rations; and (ii) submit simultaneously to the Reserve  Bank an acceptable written plan that details
the steps the Companies will take to increase their and the Banks’ capital
ratios above the plan’s minimums.

 

Cash
Flow Projections

 

4.             Within 60 days of this Agreement,
the Companies shall submit to the Reserve Bank a written statement of the
Companies’ planned sources and uses of cash for debt service, operating
expenses, and other purposes (“Cash Flow Projection”) for 2009.  The Companies shall submit to the Reserve
Bank a Cash Flow Projection for each calendar year subsequent to 2009 at least
one month prior to the beginning of that calendar year.

 

3

 

Affiliate
Transactions

 

5.             The Companies shall take all
necessary actions to ensure that the Banks comply with sections 23A and 23B of the
Federal Reserve Act (12 U.S.C. §§ 371c and 371c-1) and Regulation W of the
Board of Governors (12 C.F.R. Part 223) in all transactions between the
Banks and their affiliates, including, but not limited to the Companies.

 

Management
Fees

 

6.             (a)           The
Companies shall not: (i) increase any current fee or materially modify any
current written fee or service agreement or calculation between the Companies
and the Banks; or (ii) impose, levy or, in any other manner, charge the
Banks any new fees without the prior written approval of the Reserve Bank.  All requests for prior approval shall be
received by the Reserve Bank at least 30 days prior to the proposed effective
date of the change and shall be accompanied by documentation adequate to
provide the Reserve Bank with the details of each proposed increase or new fee,
including a description of the type of services to be rendered and proposed
benefits to the Banks.

 

(b)           Notwithstanding the requirements of
paragraph 6(a) of this Agreement, the Companies may continue to assess and
collect fees from the Banks without prior written approval of the Reserve Bank
if such fees are assessed and collected pursuant to the current intercompany
management fee agreements in effect on the date of this Agreement.  The Companies shall retain calculations to
support fees assessed and collected pursuant to this paragraph for subsequent
supervisory review.

 

Compliance
with Laws and Regulations

 

7.             (a)           In
appointing any new director or senior executive officer, or changing the
responsibilities of any senior executive officer so that the officer would
assume a different senior executive officer position, the Companies shall
comply with the notice provisions of section 32 of the FDI Act (12 U.S.C. §
1831i) and Subpart H of Regulation Y of the Board of Governors (12 C.F.R. §§
225.71 et seq.).

 

                (b)           The Companies shall comply with the restrictions on
indemnification and severance payments of section 18(k) of the FDI Act (12
U.S.C. § 1828(k)) and Part 359 of the Federal Deposit Insurance Corporation’s
regulations (12 C.F.R. Part 359).

 

Compliance
with the Agreement

 

8.             Within 30 days after the end of
each calendar quarter following the date of this Agreement, the board of
directors of Team Financial, Inc., shall submit to the Reserve Bank written
progress reports detailing the form and manner of all actions taken by the
Companies to secure compliance with this Agreement and the results thereof.

 

4

 

Approval
and Implementation of Plan

 

9.             (a)           The
Companies shall submit a written capital plan that is acceptable to the Reserve
Bank within the applicable time period set forth in paragraph 3 of this
Agreement.

 

                (b)           Within 10 days of approval by the Reserve Bank, the
Companies shall adopt the approved capital plan.  Upon adoption, the Companies shall promptly
implement the approved plan, and thereafter fully comply with it.

 

                (c)           During the term of this Agreement, the approved capital
plan shall not be amended or rescinded without the prior written approval of
the Reserve Bank.

 

Communications

 

10.           All communications regarding this
Agreement shall be sent to:

 

	
   

  	
  (a)

  	
  Ms. Susan
  E. Zubradt

  
	
   

  	
   

  	
  Vice
  President

  
	
   

  	
   

  	
  Federal
  Reserve Bank of Kansas City

  
	
   

  	
   

  	
  1
  Memorial Drive

  
	
   

  	
   

  	
  Kansas
  City, Missouri 64198

  
	
   

  	
   

  	
   

  
	
   

  	
  (b)

  	
  Ms. Connie
  Hart

  
	
   

  	
   

  	
  Chairman
  of the Board

  
	
   

  	
   

  	
  Team
  Financial, Inc.

  
	
   

  	
   

  	
  8
  West Peoria Street, Suite 200

  
	
   

  	
   

  	
  Paola,
  Kansas 66071

  

 

Miscellaneous

 

                11.           Notwithstanding
any provision of this Agreement, the Reserve Bank may, in its sole discretion,
grant written extensions of time to the Companies to comply with any provision
of this Agreement.

 

                12.           The provisions of this Agreement shall be binding upon the
Companies and their institution-affiliated parties, in their capacities as
such, and their successors and assigns.

 

                13.           Each provision of this Agreement shall remain effective
and enforceable until stayed, modified, terminated, or suspended in writing by
the Reserve Bank.

 

                14.           The provisions of this Agreement shall not bar, estop, or
otherwise prevent the Board of Governors, the Reserve Bank, or any other
federal or state agency from taking any other action affecting the Companies or
any of their current or former institution-affiliated parties and their
successors and assigns.

 

                15.           Pursuant to section 50 of the FDI Act (12 U.S.C. §
1831aa), this Agreement is enforceable by the Board of Governors under section
8 of the FDI Act (12 U.S.C. § 1818).

 

5

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed as of
the _21st day of November, 2008.

 

	
  TEAM
  FINANCIAL, INC.

  	
   

  	
  FEDERAL RESERVE BANK

  
	
   

  	
   

  	
  OF KANSAS CITY

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Connie Hart

  	
   

  	
  By:

  	
     /s/
  Susan E. Zubradt

  
	
  Connie Hart

  	
   

  	
  Susan
  E. Zubradt

  
	
  Chairman of the Board

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  POST
  BANCORP, INC.

  	
   

  	
  TEAM FINANCIAL ACQUISITION

  
	
   

  	
   

  	
  SUBSIDIARY, INC.

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Connie Hart

  	
   

  	
  By:

  	
  /s/
  Connie Hart

  
	
  Connie Hart

  	
   

  	
  Connie Hart

  
	
  Authorized Corporate Representative

  	
   

  	
  Authorized Corporate Representative

  

 

6exhibit10_6.htm

    SHARE
PURCHASE AGREEMENT

    

    THIS SHARE PURCHASE AGREEMENT
dated as of the 20th day of
November, 2008,

    

    BETWEEN:

    

    PIONEER EXPLORATION INC., a
Nevada company with an office located at 202 - 700 West Pender Street,
Vancouver, British Columbia, V6C 1G8, Canada

    

    (the
“Purchaser”)

    

    AND:

    
      	
               
      

            	
              SCOTT MACLEOD, a
      businessman of 102 Aberdeen Road, 1287 RR1, Pleasantville, Nova Scotia,
      V0R 1Z0

            

    

    

    (the “Shareholder”)

    

    WHEREAS:

    

    A.           The
Shareholder is the registered and beneficial owner of 75,000 free trading common
shares in the capital of Macallan Oil & Gas Inc. (the “Shares”);

    

    B.           The
Shareholder wishes to sell, and the Purchaser wishes to purchase, the Shares
pursuant to the terms and conditions of this agreement;

    

    NOW THEREFORE THIS AGREEMENT
WITNESSES that for and in consideration of $1.00 and other good and
valuable consideration paid by each party to the other, the receipt and
sufficiency of which are acknowledged, the parties covenant and agree as
follows:

    

    
      	
              1.  

            	
              The
      Shareholder agrees to sell and the Purchaser agrees to purchase the Shares
      for and at a price of CDN$56,250 at the date of this agreement (the “Purchase
      Price”).

            

    

    

     

    
      	
              2.  

            	
              The
      Purchase Price will be paid as
follows:

            

    

    

     

    
      	
              a.  

            	
              the
      initial payment of CDN$11,700 to be paid within 10 days of the date of
      this agreement;

            

    

    

     

    
      	
              b.  

            	
              the
      second payment in the amount of CDN$14,850 to be paid within 60 days of
      the date of this agreement;

            

    

    

     

    
      	
              c.  

            	
              the
      third payment in the amount of CDN$14,850 to be paid within 120 days of
      the date of this agreement; and

            

    

    

    
      	
              d.  

            	
              the
      fourth and final payment in the amount of CDN$14,850 to be paid within 180
      days of the date of this agreement.

            

    

     

     

    
      
         

      

      
        Page
- 1

        
          

        

      

      
         

      

    

     

     

    
      	
              3.  

            	
              The
      Shareholder represents and warrants to the Purchaser
  that:

            

    

    

     

    
      	
              a.  

            	
              The
      Shareholder owns the Shares as the legal and beneficial owner thereof,
      free of all liens, claims, charges and encumbrances of every nature and
      kind whatsoever.  The Shares are fully paid and non-assessable
      and the Shareholder has due and sufficient right and authority to enter
      into this agreement and to transfer the legal and beneficial title and
      ownership of the Shares to the
Purchaser.

            

    

    

     

    
      	
              b.  

            	
              No
      person, firm or corporation has any agreement or option or a right capable
      of becoming an agreement for the purchase of the Shares, with the
      exception of this agreement.

            

    

    

     

    
      	
              c.  

            	
              There
      are no actions, suits, claims, trials, demands, investigations,
      arbitrations or other proceedings (whether or not purportedly against or
      on behalf of the Shareholder) pending or, to the knowledge of the
      Shareholder, threatened with respect to or in any manner affecting the
      Shares, which form part of this
agreement.

            

    

    

     

    
      	
              d.  

            	
              The
      Shareholder is a resident of Canada within the meaning of the Income Tax Act
      (Canada).

            

    

    

     

    
      	
              4.  

            	
              The
      Purchaser covenants that if the Purchaser raises CDN$250,000 or more at
      any one time and the Purchaser receives a written demand from the
      Shareholder for payment of the Purchase Price in full that it will pay out
      any outstanding payments on the Purchase Price within 10 days of receipt
      of the written demand.

            

    

    

     

    
      	
              5.  

            	
              The
      effective date of sale and purchase of the Shares will be the date on
      which the full amount of the Purchase Price is paid (the “Closing”).

            

    

    

     

    
      	
              6.  

            	
              At
      the Closing,

            

    

    

     

    
      	
              a.  

            	
              the
      Shareholder will deliver to the Purchaser the share certificates, duly
      endorsed for transfer, representing the Shares;
  and

            

    

    

     

    
      	
              b.  

            	
              the
      Purchaser will deliver to the Shareholder the final and full payment of
      the Purchase Price.

            

    

    

     

    
      	
              7.  

            	
              The
      Shareholder agrees to indemnify and save harmless the Purchaser from and
      against all claims, actions and suits and from and against all
      liabilities, losses, damages, costs, charges, counsel fees and other
      expenses of every nature, arising out of or in connection with all matters
      whatsoever which arise from any breach of this agreement or any
      representation, warranty or covenant contained herein by or on the part of
      the Shareholder.

            

    

     

     

    
      
         

      

      
        Page
- 2

        
          

        

      

      
         

      

    

    
 

     

    
      	
              8.  

            	
              The
      Shareholder will allow any default under this agreement to be cured by the
      Purchaser within 30 days of the Purchaser receiving a notice of default
      from the Shareholder.

            

    

    

    
      	
              9.  

            	
              Any
      notice that must be given or delivered under this agreement must be in
      writing and delivered by hand to the address or transmitted by fax to the
      party and is deemed to have been received when it is delivered by hand or
      transmitted by fax unless the delivery or transmission is made after 4:00
      p.m. or on a non-business day where it is received, in which case it is
      deemed to have been delivered or transmitted on the next business
      day.  Any payments of money must be delivered by hand or wired
      as instructed in writing by the receiving party.  Any delivery
      other than a written notice or money must be made by hand at the receiving
      party’s address.

            

    

    

     

    
      	
              10.  

            	
              This
      agreement will enure to the benefit of and will be binding upon the
      parties and their respective successors and
  assigns.

            

    

    

     

    
      	
              11.  

            	
              Time
      will be of the essence of this
agreement.

            

    

    

     

    
      	
              12.  

            	
              This
      agreement constitutes the entire agreement between the parties and
      supersedes all previous communications, representations and agreements,
      whether oral or written, between the parties with respect to the subject
      matter of this agreement.

            

    

    

     

    
      	
              13.  

            	
              The
      parties will sign such further assurances and other documents and
      instruments and do such further and other things as may be necessary to
      implement and carry out the intent of the
  agreement.

            

    

    

     

    
      	
              14.  

            	
              This
      agreement may be signed in counterparts and delivered to the parties by
      fax, and the counterparts together are deemed to be one original
      document.

            

    

    

    

    IN WITNESS WHEREOF the parties
have signed this Share Purchase Agreement as of the day and year first above
written.

    

    

    Pioneer
Exploration Inc.

    

    Per:           /s/
Tom Brady

    

    

    Authorized
Signatory

    

    

    

    /s/ Scott Macleod

    

    

      Scott
Macleod

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