Document:

Exhibit 10.25

 

SHAREHOLDER VOTING AGREEMENT

 

This Shareholder Voting Agreement (this
“Agreement”) is entered into as of the 9th day of August, 2019, by and between Marquis Bancorp, Inc., a Florida
corporation (“MBI”), and the undersigned holder (“Shareholder”) of Common Stock (as defined
herein).

 

RECITALS

 

WHEREAS, as of the date hereof, Shareholder
“beneficially owns” (as such term is defined in Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as
amended) and is entitled to dispose of (or to direct the disposition of) and to vote (or to direct the voting of) the number of
shares of Class A voting common stock, $0.01 par value per share (the “Common Stock”), of Professional Holding
Corp (“PHC”), indicated on the signature page of this Agreement under the heading “Total Number of Shares
of Common Stock Subject to this Agreement” (such shares of Common Stock, which for the avoidance of doubt shall not include
any shares of Common Stock underlying PHC stock options) together with any other shares of Common Stock the voting power over which
is acquired by Shareholder during the period from and including the date hereof through and including the date on which this Agreement
is terminated in accordance with its terms, are collectively referred to herein as the “Shares”);

 

WHEREAS, MBI and PHC propose to enter
into an Agreement and Plan of Merger, dated as of the date hereof (the “Merger Agreement”; for purposes of this
Agreement, capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the Merger
Agreement), pursuant to which, among other things, MBI will merge with and into PHC (the “Merger”); and

 

WHEREAS, as a condition to the willingness
of MBI to enter into the Merger Agreement, Shareholder is executing this Agreement;

 

NOW, THEREFORE, in consideration
of, and as a material inducement to, MBI entering into the Merger Agreement and proceeding with the transactions contemplated thereby,
and in consideration of the expenses incurred and to be incurred by MBI in connection therewith, Shareholder and MBI, intending
to be legally bound, hereby agree as follows:

 

1.                 
Agreement to Vote SharesShareholder agrees that, while this Agreement is in effect, at any meeting of shareholders
of PHC, however called, or at any adjournment thereof, or in any other circumstances in which Shareholder is entitled to vote,
consent or give any other approval, except as otherwise agreed to in writing in advance by MBI, Shareholder shall:

 

 

(a)              
appear at each such meeting or otherwise cause the Shares to be counted as present thereat for purposes of calculating a
quorum; and

 

(b)              
vote (or cause to be voted), in person or by proxy, all the Shares as to which Shareholder has, directly or indirectly,
the right to vote or direct the voting, (i) in favor of the issuance of Common Stock in connection with the Merger and the other
transactions contemplated by the Merger Agreement (“the Stock Issuance”); (ii) against any action or agreement
that would result in a breach of any covenant, representation or warranty or any other obligation or agreement of PHC contained
in the Merger Agreement or of Shareholder contained in this Agreement; and (iii) against any action, agreement or transaction that
is intended, or could reasonably be expected, to impede, interfere or be inconsistent with, delay, postpone, discourage or materially
and adversely affect consummation of the Merger, the Stock Issuance or the other transactions contemplated by the Merger Agreement
or this Agreement.

 

     

     

    

  

Shareholder further agrees not to vote or
execute any written consent to rescind or amend in any manner any prior vote or written consent, as a shareholder of PHC, to approve
the Stock Issuance unless this Agreement shall have been terminated in accordance with its terms.

2.                 
No Transfers. While this Agreement is in effect, Shareholder agrees not to, directly or indirectly, sell, transfer,
pledge, assign or otherwise dispose of, or enter into any contract option, commitment or other arrangement or understanding with
respect to the sale, transfer, pledge, assignment or other disposition of, any of the Shares; provided, however,
that the following transfers shall be permitted: (a) transfers by will or operation of law, in which case this Agreement shall
bind the transferee; (b) transfers pursuant to any pledge agreement, subject to the pledgee agreeing in writing, prior to such
transfer, to be bound by the terms of this Agreement; (c) transfers in connection with estate and tax planning purposes, including
transfers to relatives, trusts and charitable organizations, subject to each transferee agreeing in writing, prior to such transfer,
to be bound by the terms of this Agreement; (d) disposing of or surrendering Shares in connection with the vesting, settlement
or exercise of PHC stock options or restricted shares of Common Stock for the payment of taxes thereon or, in the case of PHC stock
options, the exercise price; and (e) such transfers as MBI may otherwise permit in its sole discretion. Any transfer or other disposition
in violation of the terms of this Section 2 shall be null and void.

 

3.                 
Representations and Warranties of Shareholder. Shareholder represents and warrants to and agrees with MBI as follows:

 

(a)              
Shareholder has all requisite capacity and authority to enter into and perform his, her or its obligations under this Agreement.

 

(b)              
This Agreement has been duly executed and delivered by Shareholder, and assuming the due authorization, execution and delivery
by MBI, constitutes the valid and legally binding obligation of Shareholder enforceable against Shareholder in accordance with
its terms, except as may be limited by bankruptcy, insolvency, fraudulent transfer, moratorium, reorganization or similar laws
of general applicability relating to or affecting the rights of creditors generally and subject to general principles of equity.

 

(c)              
The execution and delivery of this Agreement by Shareholder does not, and the performance by Shareholder of his, her or
its obligations hereunder and the consummation by Shareholder of the transactions contemplated hereby will not, violate or conflict
with, or constitute a default under, any agreement, instrument, contract or other obligation or any order, arbitration award, judgment
or decree to which Shareholder is a party or by which Shareholder is bound, or any statute, rule or regulation to which Shareholder
is subject or, in the event that Shareholder is a corporation, limited liability company, partnership, trust or other entity, any
charter, bylaw or other organizational document of Shareholder.

 

    	 	-2-	 

     

    

 

(d)              
Shareholder is the beneficial owner of the Shares. Shareholder does not own, of record or beneficially, any shares of capital
stock of PHC other than the Shares or any other securities convertible into or exercisable or exchangeable for such capital stock,
other than any PHC stock options. Shareholder has the right to vote the Shares, and none of the Shares is subject to any voting
trust or other agreement, arrangement or restriction with respect to the voting of the Shares, except as contemplated by this Agreement
or provided by the FBCA.

 

4.                 
Prohibited Actions. From and after the date hereof until the termination of this Agreement pursuant to Section 7
hereof, Shareholder, in his, her or its capacity as a shareholder of PHC, shall not, nor shall Shareholder authorize any shareholder,
member, partner, officer, director, advisor or representative of Shareholder or any of his, her or its affiliates to (and, to the
extent applicable to Shareholder, such Shareholder shall use commercially reasonable efforts to not permit any of his, her or its
representatives or affiliates to) encourage or assist any party in taking or planning any action that would compete with, restrain
or otherwise serve to interfere with or inhibit the timely consummation of the Merger in accordance with the terms of the Merger
Agreement. For avoidance of doubt, the parties acknowledge and agree that nothing in this Agreement shall limit or restrict Shareholder
or any of his, her or its affiliates who is or becomes during the term hereof a member of the Board of Directors or an officer
of PHC or any of its Subsidiaries from acting, omitting to act or refraining from taking any action, solely in such person’s
capacity as a member of the Board of Directors or as an officer of PHC (or as an officer or director of any of its Subsidiaries),
including without limitation actions taken consistent with his or her fiduciary duties in such capacity under applicable law.

 

5.                 
Proxy. Subject to the last sentence of this Section 5, by execution of this Agreement, Shareholder does hereby appoint
MBI with full power of substitution and resubstitution, as Shareholder’s true and lawful attorney and proxy, to the full
extent of Shareholder’s rights with respect to the Shares, to vote each of such Shares that Shareholder shall be entitled
to so vote with respect to the matters set forth in Section 1 hereof at any meeting of the shareholders of PHC, and at any adjournment
or postponement thereof, and in connection with any action of the shareholders of PHC taken by written consent. Shareholder hereby
revokes any proxy previously granted by Shareholder with respect to the Shares. Notwithstanding anything contained herein to the
contrary, this proxy shall automatically terminate and be revoked upon the termination of this Agreement.

 

6.                 
Specific Performance; Remedies; Attorneys’ Fees. Shareholder acknowledges that it is a condition to the willingness
of MBI to enter into the Merger Agreement that Shareholder execute and deliver this Agreement and that it will be impossible to
measure in money the damage to MBI if Shareholder fails to comply with the obligations imposed by this Agreement and that, in the
event of any such failure, MBI will not have an adequate remedy at law or in equity. Accordingly, Shareholder agrees that injunctive
relief or other equitable remedy is the appropriate remedy for any such failure and will not oppose the granting of such relief
on the basis that MBI has an adequate remedy at law. In addition, MBI shall have the right to inform any third party that MBI reasonably
believes to be, or to be contemplating, participating with Shareholder or receiving from Shareholder assistance in violation of
this Agreement, of the terms of this Agreement and of the rights of MBI hereunder, and that participation by any such thirty party
with Shareholder in activities in violation of Shareholder’s agreement with MBI set forth in this Agreement may give rise
to claims by MBI against such third party. In any legal action or other proceeding relating to this Agreement and the transactions
contemplated hereby or if the enforcement of any provision of this Agreement is brought against either Party, the prevailing Party
in such action or proceeding shall be entitled to recover all reasonable expenses relating thereto (including reasonable attorneys’
fees and expenses, court costs and expenses incident to arbitration, appellate and post-judgment proceedings) from the Party against
which such action or proceeding is brought, in addition to any other relief to which such prevailing Party may be entitled.

 

    	 	-3-	 

     

    

 

7.                 
Term of Agreement; Termination. The term of this Agreement shall commence on the date hereof. This Agreement may
be terminated at any time prior to consummation of the transactions contemplated by the Merger Agreement by the written consent
of the parties hereto, and this Agreement shall be automatically terminated upon termination of the Merger Agreement or the consummation
of the Merger. Upon such termination, no party shall have any further obligations or liabilities hereunder; provided, however,
that such termination shall not relieve any party from liability for any willful and material breach of this Agreement prior to
such termination.

 

8.                 
Entire Agreement; Amendments. This Agreement supersedes all prior agreements, written or oral, among the parties
hereto with respect to the subject matter hereof and contains the entire agreement among the parties with respect to the subject
matter hereof. This Agreement may not be amended, supplemented or modified, and no provision hereof may be modified or waived,
except by an instrument in writing signed by each party hereto. No waiver of any provision hereof by either party shall be deemed
a waiver of any other provision hereof by any such party, nor shall any such waiver be deemed a continuing waiver of any provision
hereof by such party.

 

9.                 
Severability. In the event that any one or more provisions of this Agreement shall for any reason be held invalid,
illegal or unenforceable in any respect by any court of competent jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other provisions of this Agreement, and the parties shall use their reasonable best efforts to substitute
a valid, legal and enforceable provision which, insofar as practical, implements the purpose and intents of this Agreement.

 

10.             
Capacity as Shareholder. This Agreement shall apply to Shareholder solely in his, her or its capacity as a shareholder
of PHC, and it shall not apply in any manner to Shareholder in any capacity as a director, officer or employee of PHC or its Subsidiaries
or in any other capacity, and shall not limit or affect any actions taken by Shareholder in such capacity.

 

11.             
Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Florida,
without regard to any applicable conflicts of law principles or any other principle that could require the application of the law
of any other jurisdiction.

 

12.             
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) DIRECTLY
OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF THE PARTIES
IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT. EACH OF THE PARTIES HERETO (A) CERTIFIES THAT
NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO ENTER
INTO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION 12.

 

    	 	-4-	 

     

    

 

13.             
Waiver of Appraisal Rights; Further Assurances. To the extent permitted by applicable law, Shareholder hereby waives
any rights of appraisal or rights to dissent from the Merger or to demand fair value for his, her or its Shares in connection with
the Merger, in each case, that Shareholder may have under applicable law. Shareholder further agrees not to commence or participate
in, and to take all actions necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise,
against PHC, MBI or any of their respective successors relating to the negotiation, execution or delivery of this Agreement or
the Merger Agreement or the consummation of the Merger. From time to time prior to the termination of this Agreement, at MBI’s
request and without further consideration, Shareholder shall execute and deliver such additional documents and take all such further
action as may be reasonably necessary or desirable to effect the actions and consummate the transactions contemplated by this Agreement.

 

14.             
Disclosure. Shareholder hereby permits MBI and PHC to publish and disclose in the Proxy Statement and Form S-4 (including,
without limitation, all related documents and schedules filed with the Securities and Exchange Commission) his, her or its identity
and ownership of shares of Common Stock and the nature of Shareholder’s commitments, arrangements and understandings pursuant
to this Agreement.

 

15.             
Counterparts. This Agreement may be executed in counterparts, each of which when executed shall be deemed to be an
original but all of which taken together shall constitute one and the same agreement. Executed counterparts may be delivered by
facsimile or other electronic transmission.

 

[Signature page follows.]

 

 

    	 	-5-	 

     

    

 

IN WITNESS WHEREOF, MBI has caused this Agreement to
be duly executed, and Shareholder has duly executed this Agreement, all as of the day and year first above written.

 

 

 

	 	MARQUIS BANCORP, INC.
	 	 	 
	 	 	 
	 	By:	 
	 	 	Javier J. Holtz
	 	 	Chairman and Chief Executive Officer
	 	 	 
	 	 	 
	 	SHAREHOLDER:
	 	 
	 	 
	 	Printed Name:	 
	 	 
	 	Total Number of Shares of Common Stock Subject 

to this Agreement: ________________________________
	 	 	 	 

 

   

 

 

 

    [Signature Page to PHC Voting Agreement]Exhibit 10.26

 

SHAREHOLDER VOTING AGREEMENT

 

This Shareholder Voting
Agreement (this “Agreement”) is entered into as of the 9th day of August, 2019, by and between Professional
Holding Corp, a Florida corporation (“PHC”), and the undersigned holder (“Shareholder”) of
Common Stock (as defined herein).

 

RECITALS

 

WHEREAS, as of
the date hereof, Shareholder “beneficially owns” (as such term is defined in Rule 13d-3 promulgated under the Securities
Exchange Act of 1934, as amended) and is entitled to dispose of (or to direct the disposition of) and to vote (or to direct the
voting of) the number of shares of voting common stock, $5.00 par value per share (the “Common Stock”), of Marquis
Bancorp, Inc. (“MBI”), indicated on the signature page of this Agreement under the heading “Total Number
of Shares of Common Stock Subject to this Agreement” (such shares of Common Stock, which for the avoidance of doubt shall
not include any shares of Common Stock underlying MBI Stock Options) together with any other shares of Common Stock the voting
power over which is acquired by Shareholder during the period from and including the date hereof through and including the date
on which this Agreement is terminated in accordance with its terms, are collectively referred to herein as the “Shares”);

 

WHEREAS, PHC and
MBI propose to enter into an Agreement and Plan of Merger, dated as of the date hereof (the “Merger Agreement”;
for purposes of this Agreement, capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed
to them in the Merger Agreement), pursuant to which, among other things, MBI will merge with and into PHC (the “Merger”);
and

 

WHEREAS, as a condition
to the willingness of PHC to enter into the Merger Agreement, Shareholder is executing this Agreement;

 

NOW, THEREFORE,
in consideration of, and as a material inducement to, PHC entering into the Merger Agreement and proceeding with the transactions
contemplated thereby, and in consideration of the expenses incurred and to be incurred by PHC in connection therewith, Shareholder
and PHC, intending to be legally bound, hereby agree as follows:

 

1.                 
Agreement to Vote Shares. Shareholder agrees that, while this Agreement is in effect, at any meeting of shareholders
of MBI, however called, or at any adjournment thereof, or in any other circumstances in which Shareholder is entitled to vote,
consent or give any other approval, except as otherwise agreed to in writing in advance by PHC, Shareholder shall:

 

		(a)	appear at each such meeting or otherwise cause the Shares to be counted as present thereat for purposes
of calculating a quorum; and

 

		(b)	vote (or cause to be voted), in person or by proxy, all the Shares as to which Shareholder has, directly
or indirectly, the right to vote or direct the voting, (i) in favor of adoption and approval of the Merger Agreement and the transactions
contemplated thereby (including, without limitation, any amendments or modifications of the terms thereof adopted in accordance
with the terms thereof); (ii) against any action or agreement that would result in a breach of any covenant, representation or
warranty or any other obligation or agreement of MBI contained in the Merger Agreement or of Shareholder contained in this Agreement;
and (iii) against any Acquisition Proposal or any other action, agreement or transaction that is intended, or could reasonably
be expected, to impede, interfere or be inconsistent with, delay, postpone, discourage or materially and adversely affect consummation
of the transactions contemplated by the Merger Agreement or this Agreement.

 

     

     

    

 

Shareholder further agrees
not to vote or execute any written consent to rescind or amend in any manner any prior vote or written consent, as a shareholder
of MBI, to approve or adopt the Merger Agreement unless this Agreement shall have been terminated in accordance with its terms.

 

2.                 
No Transfers. While this Agreement is in effect, Shareholder agrees not to, directly or indirectly, sell, transfer,
pledge, assign or otherwise dispose of, or enter into any contract option, commitment or other arrangement or understanding with
respect to the sale, transfer, pledge, assignment or other disposition of, any of the Shares; provided, however,
that the following transfers shall be permitted: (a) transfers by will or operation of law, in which case this Agreement shall
bind the transferee; (b) transfers pursuant to any pledge agreement, subject to the pledgee agreeing in writing, prior to such
transfer, to be bound by the terms of this Agreement; (c) transfers in connection with estate and tax planning purposes, including
transfers to relatives, trusts and charitable organizations, subject to each transferee agreeing in writing, prior to such transfer,
to be bound by the terms of this Agreement; (d) disposing of or surrendering Shares in connection with the vesting, settlement
or exercise of MBI Stock Options or MBI Restricted Shares for the payment of taxes thereon or, in the case of MBI Stock Options,
the exercise price or in connection with the repurchase, redemption or cancellation of any MBI Restricted Shares as permitted pursuant
to the Merger Agreement; and (e) such transfers as PHC may otherwise permit in its sole discretion. Any transfer or other disposition
in violation of the terms of this Section 2 shall be null and void.

 

3.                 
Representations and Warranties of Shareholder. Shareholder represents and warrants to and agrees with PHC as follows:

 

		(a)	Shareholder has all requisite capacity and authority to enter into and perform his, her or its obligations
under this Agreement.

 

		(b)	This Agreement has been duly executed and delivered by Shareholder, and assuming the due authorization,
execution and delivery by PHC, constitutes the valid and legally binding obligation of Shareholder enforceable against Shareholder
in accordance with its terms, except as may be limited by bankruptcy, insolvency, fraudulent transfer, moratorium, reorganization
or similar laws of general applicability relating to or affecting the rights of creditors generally and subject to general principles
of equity.

 

		(c)	The execution and delivery of this Agreement by Shareholder does not, and the performance by Shareholder
of his, her or its obligations hereunder and the consummation by Shareholder of the transactions contemplated hereby will not,
violate or conflict with, or constitute a default under, any agreement, instrument, contract or other obligation or any order,
arbitration award, judgment or decree to which Shareholder is a party or by which Shareholder is bound, or any statute, rule or
regulation to which Shareholder is subject or, in the event that Shareholder is a corporation, limited liability company, partnership,
trust or other entity, any charter, bylaw or other organizational document of Shareholder.

 

     

     

    

 

		(d)	Shareholder is the beneficial owner of the Shares. Shareholder does not own, of record or beneficially,
any shares of capital stock of MBI other than the Shares or any other securities convertible into or exercisable or exchangeable
for such capital stock, other than any MBI Stock Options. Shareholder has the right to vote the Shares, and none of the Shares
is subject to any voting trust or other agreement, arrangement or restriction with respect to the voting of the Shares, except
as contemplated by this Agreement or provided by the FBCA.

 

4.                 
No Solicitation. From and after the date hereof until the termination of this Agreement pursuant to Section 7 hereof,
Shareholder, in his, her or its capacity as a shareholder of MBI, shall not, nor shall Shareholder authorize any shareholder, member,
partner, officer, director, advisor or representative of Shareholder or any of his, her or its affiliates to (and, to the extent
applicable to Shareholder, such Shareholder shall use commercially reasonable efforts to not permit any of his, her or its representatives
or affiliates to), (a) initiate, solicit, induce or knowingly encourage, or knowingly take any action to facilitate the making
of, any inquiry, offer or proposal which constitutes, or could reasonably be expected to lead to, an Acquisition Proposal, (b)
participate in any discussions or negotiations regarding any Acquisition Proposal, or furnish, or otherwise afford access, to any
person (other than PHC) any information or data with respect to MBI or otherwise relating to an Acquisition Proposal, (c) enter
into any agreement, agreement in principle, letter of intent, memorandum of understanding or similar arrangement with respect to
an Acquisition Proposal, (d) solicit proxies with respect to an Acquisition Proposal (other than the Merger and the Merger Agreement)
or otherwise encourage or assist any party in taking or planning any action that would compete with, restrain or otherwise serve
to interfere with or inhibit the timely consummation of the Merger in accordance with the terms of the Merger Agreement, or (e)
initiate a shareholders’ vote or action by consent of MBI’s shareholders with respect to an Acquisition Proposal, in
each case, except to the extent that at such time MBI is permitted to take such action pursuant to Section 6.7 of the Merger Agreement.
For avoidance of doubt, the parties acknowledge and agree that nothing in this Agreement shall limit or restrict Shareholder or
any of his, her or its affiliates who is or becomes during the term hereof a member of the Board of Directors or an officer of
MBI or any of its Subsidiaries from acting, omitting to act or refraining from taking any action, solely in such person’s
capacity as a member of the Board of Directors or as an officer of MBI (or as an officer or director of any of its Subsidiaries),
including without limitation actions taken consistent with his or her fiduciary duties in such capacity under applicable law.

 

5.                 
Proxy. Subject to the last sentence of this Section 5, by execution of this Agreement, Shareholder does hereby appoint
PHC with full power of substitution and resubstitution, as Shareholder’s true and lawful attorney and proxy, to the full
extent of Shareholder’s rights with respect to the Shares, to vote each of such Shares that Shareholder shall be entitled
to so vote with respect to the matters set forth in Section 1 hereof at any meeting of the shareholders of MBI, and at any adjournment
or postponement thereof, and in connection with any action of the shareholders of MBI taken by written consent. Shareholder hereby
revokes any proxy previously granted by Shareholder with respect to the Shares. Notwithstanding anything contained herein to the
contrary, this proxy shall automatically terminate and be revoked upon the termination of this Agreement.

 

     

     

    

 

6.                 
Specific Performance; Remedies; Attorneys’ Fees. Shareholder acknowledges that it is a condition to the willingness
of PHC to enter into the Merger Agreement that Shareholder execute and deliver this Agreement and that it will be impossible to
measure in money the damage to PHC if Shareholder fails to comply with the obligations imposed by this Agreement and that, in the
event of any such failure, PHC will not have an adequate remedy at law or in equity. Accordingly, Shareholder agrees that injunctive
relief or other equitable remedy is the appropriate remedy for any such failure and will not oppose the granting of such relief
on the basis that PHC has an adequate remedy at law. In addition, PHC shall have the right to inform any third party that PHC reasonably
believes to be, or to be contemplating, participating with Shareholder or receiving from Shareholder assistance in violation of
this Agreement, of the terms of this Agreement and of the rights of PHC hereunder, and that participation by any such thirty party
with Shareholder in activities in violation of Shareholder’s agreement with PHC set forth in this Agreement may give rise
to claims by PHC against such third party. In any legal action or other proceeding relating to this Agreement and the transactions
contemplated hereby or if the enforcement of any provision of this Agreement is brought against either Party, the prevailing Party
in such action or proceeding shall be entitled to recover all reasonable expenses relating thereto (including reasonable attorneys’
fees and expenses, court costs and expenses incident to arbitration, appellate and post-judgment proceedings) from the Party against
which such action or proceeding is brought, in addition to any other relief to which such prevailing Party may be entitled.

 

7.                 
Term of Agreement; Termination. The term of this Agreement shall commence on the date hereof. This Agreement may
be terminated at any time prior to consummation of the transactions contemplated by the Merger Agreement by the written consent
of the parties hereto, and this Agreement shall be automatically terminated upon termination of the Merger Agreement or the consummation
of the Merger. Upon such termination, no party shall have any further obligations or liabilities hereunder; provided, however,
that such termination shall not relieve any party from liability for any willful and material breach of this Agreement prior to
such termination.

 

8.                 
Entire Agreement; Amendments. This Agreement supersedes all prior agreements, written or oral, among the parties
hereto with respect to the subject matter hereof and contains the entire agreement among the parties with respect to the subject
matter hereof. This Agreement may not be amended, supplemented or modified, and no provision hereof may be modified or waived,
except by an instrument in writing signed by each party hereto. No waiver of any provision hereof by either party shall be deemed
a waiver of any other provision hereof by any such party, nor shall any such waiver be deemed a continuing waiver of any provision
hereof by such party.

 

9.                 
Severability. In the event that any one or more provisions of this Agreement shall for any reason be held invalid,
illegal or unenforceable in any respect by any court of competent jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other provisions of this Agreement, and the parties shall use their reasonable best efforts to substitute
a valid, legal and enforceable provision which, insofar as practical, implements the purpose and intents of this Agreement.

 

     

     

    

 

10.             
Capacity as Shareholder. This Agreement shall apply to Shareholder solely in his, her or its capacity as a shareholder
of MBI, and it shall not apply in any manner to Shareholder in any capacity as a director, officer or employee of MBI or its Subsidiaries
or in any other capacity, and shall not limit or affect any actions taken by Shareholder in such capacity.

 

11.             
Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Florida,
without regard to any applicable conflicts of law principles or any other principle that could require the application of the law
of any other jurisdiction.

 

12.             
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) DIRECTLY
OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF THE PARTIES
IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT. EACH OF THE PARTIES HERETO (A) CERTIFIES THAT
NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO ENTER
INTO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION 12.

 

13.             
Waiver of Appraisal Rights; Further Assurances. To the extent permitted by applicable law, Shareholder hereby waives
any rights of appraisal or rights to dissent from the Merger or to demand fair value for his, her or its Shares in connection with
the Merger, in each case, that Shareholder may have under applicable law. Shareholder further agrees not to commence or participate
in, and to take all actions necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise,
against PHC, MBI or any of their respective successors relating to the negotiation, execution or delivery of this Agreement or
the Merger Agreement or the consummation of the Merger. From time to time prior to the termination of this Agreement, at PHC’s
request and without further consideration, Shareholder shall execute and deliver such additional documents and take all such further
action as may be reasonably necessary or desirable to effect the actions and consummate the transactions contemplated by this Agreement.

 

14.             
Disclosure. Shareholder hereby permits PHC and MBI to publish and disclose in the Proxy Statement and Form S-4 (including,
without limitation, all related documents and schedules filed with the Securities and Exchange Commission) his, her or its identity
and ownership of shares of Common Stock and the nature of Shareholder’s commitments, arrangements and understandings pursuant
to this Agreement.

 

15.             
Counterparts. This Agreement may be executed in counterparts, each of which when executed shall be deemed to be an
original but all of which taken together shall constitute one and the same agreement. Executed counterparts may be delivered by
facsimile or other electronic transmission.

 

[Signature page follows.]

 

     

     

    

 

IN WITNESS WHEREOF, PHC has caused
this Agreement to be duly executed, and Shareholder has duly executed this Agreement, all as of the day and year first above written.

 

	 	PROFESSIONAL HOLDING CORP
	 	 	 
	 	 	 
	 	By:	 
	 	 	Daniel R. Sheehan
	 	 	Chairman and Chief Executive Officer
	 	 	 

 

	 	SHAREHOLDER:
	 	 	 
	 	 
	 	Printed Name:	 
	 	 	 
	 	Total Number of Shares of Common Stock Subject to this Agreement:

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