Document:

<PAGE>
                                                                               .
                                                                               .
                                                                               .

                                                                   EXHIBIT 10.12

                                PROMISSORY NOTE

<TABLE>
<CAPTION>
   PRINCIPAL     LOAN DATE   MATURITY    LOAN NO   CART/CO$  ACCOUNT  OFFICER  INITIALS
   ---------    ----------  ----------  --------  ---------  -------  -------  --------
<C>             <C>         <C>         <C>       <C>        <C>      <C>      <C>
$30,000,000.00  09-01-2005  08-31-2006  30030036  O4A0/BLKT  _______  97271    ________
</TABLE>

  References in the shaded area are for Lender's use only and do not limit the
         applicability of this document to any particular loan or item.
Any item above containing "***" has been omitted due to text length limitations.

<TABLE>
<S>                                                 <C>
BORROWER: HOME BANCSHARES, INC. (TIN: 71-0682831)   LENDER: FIRST TENNESSEE BANK NATIONAL ASSOCIATION
          719 HARKRIDER ST. SUITE 300                       FINANCIAL INSTITUTIONS
          CONWAY, AR 72032                                  845 CROSSOVER LANE, SUITE 150
                                                            MEMPHIS, TN 38117
                                                            (901) 435-7972
</TABLE>

<TABLE>
<S>                                 <C>                     <C>
PRINCIPAL AMOUNT: $30,000,000.00    INITIAL RATE: 5.750%    DATE OF NOTE: SEPTEMBER 1, 2005
</TABLE>

PROMISE TO PAY. Home Bancshares, Inc. ("Borrower") promises to pay to First
Tennessee Bank National Association ("Lender"), or order, in lawful money of the
United States of America, the principal amount of Thirty Million & 00/100
Dollars ($30,000,000.00) or so much as may be outstanding, together with
interest on the unpaid outstanding principal balance of each advance. Interest
shall be calculated from the date of each advance until repayment of each
advance.

PAYMENT. Borrower will pay this loan in one payment of all outstanding principal
plus all accrued unpaid interest on August 31, 2006. In addition, Borrower will
pay regular quarterly payments of all accrued unpaid interest due as of each
payment data, beginning November 30, 2005, with all subsequent interest payments
to be due on the same day of each quarter after that. Unless otherwise agreed or
required by applicable law, payments will be applied first to any accrued unpaid
Interest; then to principal; and then to any unpaid collection costs. The annual
Interest rate for this Note is computed on a 365/360 basis; that is, by applying
the ratio of the annual Interest rate over a year of 360 days, multiplied by the
outstanding principal balance, multiplied by the actual number of days the
principal balance is outstanding. Borrower will pay Lender at Lender's address
shown above or at such other place as Lender may designate in writing.

VARIABLE INTEREST RATE. The Interest rate on this Note is subject to change from
time to time based on changes in an index which is the Lender's base commercial
rate (the "Index"). The Index is not necessarily the lowest rate charged by
Lender on its loans and is set by Lender in its sole discretion. If the Index
becomes unavailable during the term of this loan, Lender may designate a
substitute index after notifying Borrower. Lender will tell Borrower the current
Index rate upon Borrower's request. The Interest rate change will not occur more
often than each day. Borrower understands that Lender may make loans based on
other rates as well. The Index currently is 6.500% per annum. The Interest rate
to be applied to the unpaid principal balance of this Note will be at a rate of
0.750 percentage points under the Index, resulting in an initial rate of 5.750%
per annum. NOTICE: Under no circumstances will the interest rate on this Note be
more than the maximum rate allowed by applicable law.

PREPAYMENT. Borrower may pay without penalty all or a portion of the amount owed
earlier than it is due. Early payments will not, unless agreed to by Lender in
writing, relieve Borrower of Borrower's obligation to continue to make payments
of accrued unpaid interest. Rather, early payments will reduce the principal
balance due. Borrower agrees not to send Lender payments marked "paid in full",
"without recourse", or similar language. If Borrower sends such a payment,
Lender may accept it without losing any of Lender's rights under this Note, and
Borrower will remain obligated to pay any further amount owed to Lender. All
written communications concerning disputed amounts, including any check or other
payment instrument that indicates that the payment constitutes "payment in full"
of the amount owed or that is tendered with other conditions or limitations or
as full satisfaction of a disputed amount must be mailed or delivered to: First
Tennessee NA, P. O. Box 31 Memphis, TN 38101.

INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final
maturity, Lender, at its option, may, if permitted under applicable law,
increase the variable interest rate on this Note to 21,000% per annum. In no
event will the effective total interest rate on this Note be greater than the
rate permitted by applicable law.

DEFAULT. Each of the following shall constitute an event of default ("Event of
Default") under this Note:

     PAYMENT DEFAULT. Borrower fails to make any payment when due under this
     Note.

     OTHER DEFAULTS. Borrower fails to comply with or to perform any other term,
     obligation, covenant or condition contained in this Note or in any of the
     related documents or to comply with or to perform any term, obligation,
     covenant or condition contained in any other agreement between Lender and
     Borrower.

     DEFAULT IN FAVOR OF THIRD PARTIES. Borrower or any Grantor defaults under
     any loan, extension of credit, security agreement, purchase or sales
     agreement, or any other agreement, in favor of any other creditor or person
     that may materially affect any of Borrower's property or Borrower's ability
     to repay this Note or perform Borrower's obligations under this Note or any
     of the related documents.

     FALSE STATEMENTS. Any warranty, representation or statement made or
     furnished to Lender by Borrower or on Borrower's behalf under this Note or
     the related documents is false or misleading in any material respect,
     either now or at the time made or furnished or becomes false or misleading
     at any time thereafter.

     INSOLVENCY. The dissolution or termination of Borrower's existence as a
     going business, the insolvency of Borrower, the appointment of a receiver
     for any part of Borrower's property, any assignment for the benefit of
     creditors, any type of creditor workout, or the commencement of any
     proceeding under any bankruptcy or insolvency laws by or against Borrower.

     CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
     forfeiture proceedings, whether by judicial proceeding, self-help,
     repossession or any other method, by any creditor of Borrower or by any
     governmental agency against any collateral securing the loan. This includes
     a garnishment of any of Borrower's accounts, including deposit accounts,
     with Lender. However, this Event of Default shall not apply if there is a
     good faith dispute by Borrower as to the validity or reasonableness of the
     claim which is the basis of the creditor or forfeiture proceeding and if
     Borrower gives Lender written notice of the creditor or forfeiture
     proceeding and deposits with Lender monies or a surety bond for the
     creditor or forfeiture proceeding, in an amount determined by Lender, in
     its sole discretion, as being an adequate reserve or bond for the dispute.

     EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with respect
     to any guarantor, endorser, surety, or accommodation party of any of the
     indebtedness or any guarantor, endorser, surety, or accommodation party
     dies or becomes incompetent, or revokes or disputes the validity of, or
     liability under, any guaranty of the indebtedness evidenced by this Note.
     In the event of a death, Lender, at its option, may, but shall not be
     required to, permit the guarantor's estate to assume unconditionally the
     obligations arising under the guaranty in a manner satisfactory to Lender,
     and, in doing so, cure any Event of Default.

     CHANGE IN OWNERSHIP. Any change in ownership of twenty-five percent (25%)
     or more of the common stock of Borrower.

     ADVERSE CHANGE. A material adverse change occurs in Borrower's financial
     condition, or Lender believes the prospect of payment or performance of
     this Note is impaired.

     CURE PROVISIONS. If any default, other than a default in payment or failure
     to satisfy Lender's requirement in the Insufficient Market Value of
     Securities section is curable and if Borrower has not been given a notice
     of a breach of the same provision of this Note within the preceding twelve
     (12) months, it may be cured if Borrower, after receiving written notice
     from Lender demanding cure of such default: (1) cures the default within
     fifteen (15) days; or (2) if the cure requires more than fifteen (15) days,
     immediately initiates steps which Lender deems in Lender's sole discretion
     to be sufficient to cure the default and thereafter continues and completes
     all reasonable and necessary steps sufficient to produce compliance as soon
     as reasonably practical.

LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, and then
Borrower will pay that amount.

Any payment not made when due hereunder (whether by acceleration or otherwise)
shall bear interest after maturity at the maximum effective contract rate of
interest which the Lender may lawfully charge.

In the event of any renewal or extension of the loan indebtedness evidenced
hereby, unless the parties otherwise agree to a lower rate, the Lender shall
have the right to charge interest at the highest of the following rates: (i) the
maximum rate permissible at the time the contract to make the loan was executed;
or (ii) the maximum rate permissible at the time the loan was made; or (iii) the
maximum rate permissible at the time of such renewal or extension; or (iv) the
maximum rate permitted by applicable federal law; it being intended that those
statutes and laws, state or federal, from time to time in effect, which permit
the charging of the higher rate of interest shall govern the maximum rate which
may be charged hereunder. In the event that for any reason the foregoing
provisions hereof shall not contain a valid, enforceable designation of a rate
of interest prior to maturity or method of determining the same, then the
indebtedness hereby evidenced shall bear interest prior to maturity

<PAGE>

                                 PROMISSORY NOTE
LOAN NO: 30030036                 (Continued)                             PAGE 2

at the maximum effective rate which may be lawfully charged by the Lender under
applicable law.

Regardless of any provision herein, or in any other document executed in
connection herewith, the holder hereof shall never be entitled to receive,
collect, or apply, as interest hereon, any amount In excess of the maximum
contract rate which may be lawfully charged by the holder hereof under
applicable law; and in the event the holder hereof ever receives, collect, or
applies at Interest, any such excess, such amount which would be excessive
interest shall be deemed a partial prepayment of principal and treated here
under as such; and, if the principal hereof is paid in full, any remaining
excess shall forthwith be paid to the undersigned. In determining whether or not
the interest paid or payable, under any specific contingency, exceeds the
maximum lawful contract rate, the undersigned and the holder hereof shall, to
the maximum extent permitted by applicable law, (a) characterize any
non-principal payment as a reasonable loan charge, rather than as interest; (b)
exclude voluntary prepayments and the effects thereof; and (c) amortize,
prorate, allocate, and spread, in equal parts, the total amount of interest
throughout the entire contemplated term hereof, so that the interest accrued or
to accrue throughout the entire term contemplated hereby shall at no time exceed
the maximum lawful contract rate.

ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect
this Note if Borrower does not pay. Borrower will pay Lender that amount. This
includes, subject to any limits under applicable law, Lender's attorneys' fees
and Lender's legal expenses, whether or not there is a lawsuit, including
attorneys' fees, expenses for bankruptcy proceedings (including efforts to
modify or vacate any automatic stay or injunction), and appeals. If not
prohibited by applicable law, Borrower also will pay any court costs, in
addition to all other sums provided by law.

JURY WAIVER. LENDER AND BORROWER HEREBY WAIVE THE RIGHT TO ANY JURY TRIAL IN ANY
ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY EITHER LENDER OR BORROWER AGAINST
THE OTHER.

DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $30.00 if Borrower
makes a payment on Borrower's loan and the check or preauthorized charge with
which Borrower pays Is later dishonored.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a
right of setoff in all Borrower's accounts with Lender (whether checking,
savings, or some other account). This Includes all accounts Borrower may open in
the future. However, this does not include any IRA or Keogh accounts, or any
trust accounts for which setoff would be prohibited by law. Borrower authorizes
Lender, to the extent permitted by applicable law, to charge or setoff all sums
owing on the Indebtedness against any and all such accounts, and, at Lender's
option, to administratively freeze all such accounts to allow Lender to protect
Lender's charge and setoff rights provided in this paragraph.

FINANCIAL STATEMENTS. The undersigned agrees to furnish a current financial
statement upon the request of Lender from time to time, and further agrees to
execute and deliver all other instruments and take such other actions as Lender
may from time to time reasonably request in order to carry out the provisions
and intent hereof.

LATE FEE. For any payment which is not made within 10 days of the due date for
such payment, the Borrower shall pay a late fee. The late fee shall equal 5% of
the unpaid portion of the past-due payment.

EXCLUSION FROM INDEBTEDNESS. Excluded from Indebtedness shall be any
Indebtedness governed by the Federal Truth in Lending Act.

COLLATERAL. Borrower acknowledges this Note is secured by the following
collateral described in the security instrument listed herein: securities or
investment property described in a Commercial Pledge Agreement dated September
1, 2005.

LINE OF CREDIT. This Note evidences a revolving line of credit. Advances under
this Note may be requested either orally or in writing by Borrower or by an
authorized person. Lender may, but need not, require that all oral requests be
confirmed in writing. All communications, instructions, or directions by
telephone or otherwise to Lender are to be directed to Lender's office shown
above. Borrower agrees to be liable for all sums either: (A) advanced in
accordance with the instructions of an authorized person or (B) credited to any
of Borrower's accounts with Lender. The unpaid principal balance owing on this
Note at any time may be evidenced by endorsements on this Note or by Lender's
internal records, including daily computer print-outs. Lender will have no
obligation to advance funds under this Note if: (A) Borrower or any guarantor is
in default under the terms of this Note or any agreement that Borrower or any
guarantor has with Lender, including any agreement made in connection with the
signing of this Note; (B) Borrower or any guarantor ceases doing business or is
insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit,
modify or revoke such guarantor's guarantee of this Note or any other loan with
Lender; or (D) Borrower has applied funds provided pursuant to this Note for
purposes other than those authorized by Lender.

USA PATRIOT ACT. IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW
ACCOUNT. To help the government fight the funding of terrorism and money
laundering activities, Federal law requires all financial institutions to
obtain, verify, and record information that identifies each business entity that
opens an account.

What this means to you: When you open an account, we will ask for Federal Tax
Identification Number, physical street address of your business, full legal name
of your business and other information that will allow us to identify your
company. We may also ask you to provide copies of certain documents that will
aid in confirming this information.

SUCCESSOR INTERESTS. The terms of this Note shall be binding upon Borrower, and
upon Borrower's heirs, personal representatives, successors and assigns, and
shall inure to the benefit of Lender and its successors and assigns.

GENERAL PROVISIONS. Lender may delay or forgo enforcing any of its rights or
remedies under this Note without losing them. Borrower and any other person who
signs, guarantees or endorses this Note, to the extent allowed by law, waive
presentment, demand for payment, and notice of dishonor. Upon any change in the
terms of this Note, and unless otherwise expressly stated in writing, no party
who signs this Note, whether as maker, guarantor, accommodation maker or
endorser, shall be released from liability. All such parties agree that Lender
may renew or extend (repeatedly and for any length of time) this loan or release
any party or guarantor or collateral; or impair, fail to realize upon or perfect
Lender's security interest in the collateral; and take any other action deemed
necessary by Lender without the consent of or notice to anyone. All such parties
also agree that Lender may modify this loan without the consent of or notice to
anyone other than the party with whom the modification is made. The obligations
under this Note are joint and several.

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF
THIS NOTE. INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO
THE TERMS OF THE NOTE.

BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.

BORROWER:

HOME BANCSHARES, INC.

By: /s/ Randy Mayor
    -----------------------------------------------
    RANDY MAYOR, TREASURER OF HOME BANCSHARES, INC.<PAGE>
                                                                               .
                                                                               .
                                                                               .

                                                                   EXHIBIT 10.13

                          COMMERCIAL PLEDGE AGREEMENT

<TABLE>
<CAPTION>
   PRINCIPAL     LOAN DATE   MATURITY    LOAN NO   CART/CO$  ACCOUNT  OFFICER  INITIALS
   ---------    ----------  ----------  --------  ---------  -------  -------  --------
<S>             <C>         <C>         <C>       <C>        <C>      <C>      <C>
$30,000,000.00  09-01-2005  08-31-2006  30030036  O4A0/BLKT  _______   97271   ________
</TABLE>

  References in the shaded area are for Lender's use only and do not limit the
         applicability of this document to any particular loan or item.

Any item above containing "***" has been omitted due to text length limitations.

<TABLE>
<S>                                                <C>
GRANTOR: HOME BANCSHARES, INC. (TIN: 71-0682831)   LENDER: FIRST TENNESSEE BANK NATIONAL ASSOCIATION
         719 HARKRIDER ST. SUITE 300                       FINANCIAL INSTITUTIONS
         CONWAY, AR 72032                                  845 CROSSOVER LANE, SUITE 150
                                                           MEMPHIS, TN 38117
                                                           (901) 435-7972
</TABLE>

THIS COMMERCIAL PLEDGE AGREEMENT dated September 1, 2005, is made and executed
between Home Bancshares Inc. ("Grantor") and First Tennessee Bank National
Association ("Lender").

GRANT OF SECURITY INTEREST. For valuable consideration, Grantor grants to Lender
a security interest in the Collateral to secure the Indebtedness and agrees that
Lender shall have the rights stated in this Agreement with respect to the
Collateral, in addition to all other rights which Lender may have by law.

COLLATERAL DESCRIPTION. The word "Collateral" as used in this Agreement means
Grantor's present and future rights, title and interest in and to, together with
any and all present and future additions thereto, substitutions therefore, and
replacements thereof, together with any and all present and future certificates
and/or instruments evidencing any Stock and further together with all Income and
Proceeds as described herein:

17,000 Shares of Twin City Bank. Stock, Cusip No. 3

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a
right of setoff in all Grantor's accounts with Lender (whether checking,
savings, or some other account). This includes all accounts Grantor may open in
the future. However, this does not include any IRA or Keogh accounts, or any
trust accounts for which setoff would be prohibited by law. Grantor authorizes
Lender, to the extent permitted by applicable law, to charge or setoff all sums
owing on the indebtedness against any and all such accounts, and, at Lander's
option, to administratively freeze all such accounts to allow Lender to protect
Lender's charge and setoff rights provided in this paragraph.

REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. Grantor
represents and warrants to Lender that:

     OWNERSHIP. Grantor is the lawful owner of the Collateral free and clear of
     all security interests, liens, encumbrances and claims of others except as
     disclosed to and accepted by Lender in writing prior to execution of this
     Agreement.

     RIGHT TO PLEDGE. Grantor has the full right, power and authority to enter
     into this Agreement and to pledge the Collateral.

     AUTHORITY; BINDING EFFECT. Grantor has the full right, power and authority
     to enter into this Agreement and to grant a security interest in the
     Collateral to Lender. This Agreement is binding upon Grantor as well as
     Grantor's successors and assigns, and is legally enforceable in accordance
     with its terms. The foregoing representations and warranties, and all other
     representations and warranties contained in this Agreement are and shall be
     continuing in nature and shall remain in full force and effect until such
     time as this Agreement is terminated or cancelled as provided herein.

     VALID ISSUANCE OF STOCK. All of the Stock have been duly and validly issued
     and are fully paid and nonassessable.

     OWNERSHIP OF STOCK. Unless otherwise previously disclosed to Lender in
     writing, the shares of Stock subject to this Agreement constitute all
     shares owned by of Grantor of the issued and outstanding shares of the
     capital stock of the corporation or corporations listed above.

     FREE TRANSFERABILITY OF STOCK. Unless otherwise previously disclosed to
     Lender in writing, all of the shares of Stock are freely transferable and
     subject to sale without being subject to limitations, restriction, stock
     legends, or prohibitive covenants under any agreements, or otherwise under
     which Grantor or the issuer of any such Stock may be bound or obligated.

     STOCK DIVIDEND: STOCK SPLIT. In order to prevent Lender's collateral
     position from becoming diluted by any stock dividends or stock splits.
     Grantor agrees to notify Lender immediately when knowledge of any such
     transaction or transactions becomes known, and to deliver all of the stock
     certificates to Lender for pledging within five (5) days of receipt of the
     stock dividend and/or stock split together with appropriately executed
     stock powers.

     NO FURTHER ASSIGNMENT. Grantor has not, and shall not, sell, assign,
     transfer, encumber or otherwise dispose of any of Grantor's rights in the
     Collateral except as provided in this Agreement.

     NO DEFAULTS. There are no defaults existing under the Collateral, and there
     are no offsets or counterclaims to the same. Grantor will strictly and
     promptly perform each of the terms, conditions, covenants and agreements,
     if any, contained in the Collateral which are to be performed by Grantor.

     NO VIOLATION. The execution and delivery of this Agreement will not violate
     any law or agreement governing Grantor or to which Grantor is a party, and
     its certificate or articles of incorporation and bylaws do not prohibit any
     term or condition of this Agreement.

     FINANCING STATEMENTS. Grantor authorizes Lender to file a UCC financing
     statement, or alternatively, a copy of this Agreement to perfect Lender's
     security interest. At Lender's request, Grantor additionally agrees to sign
     all other documents that are necessary to perfect, protect, and continue
     Lender's security interest in the Property. Grantor will pay all filing
     fees, title transfer fees, and other fees and costs Involved unless
     prohibited by law or unless Lender is required by law to pay such fees and
     costs. Grantor irrevocably appoints Lender to execute documents necessary
     to transfer title if there is a default. Lender may file a copy of this
     Agreement as a financing statement. If Grantor changes Grantor's name or
     address, or the name or address of any person granting a security interest
     under this Agreement changes, Grantor will promptly notify the Lender of
     such change.

LENDER'S RIGHTS AND OBLIGATIONS WITH RESPECT TO THE COLLATERAL. Lender may hold
the Collateral until all indebtedness has been paid and satisfied. Thereafter
Lender may deliver the Collateral to Grantor or to any other owner of the
Collateral. Lender shall have the following rights in addition to all other
rights Lender may have by law:

     MAINTENANCE AND PROTECTION OF COLLATERAL. Lender may, but shall not be
     obligated to, take such steps as it deems necessary or desirable to
     protect, maintain, insure, store, or care for the Collateral, including
     paying of any liens or claims against the Collateral. This may include such
     things as hiring other people, such as attorneys, appraisers or other
     experts. Lender may charge Grantor for any cost incurred in so doing. When
     applicable law provides more than one method of perfection of Lender's
     security interest, Lender may choose the method(s) to be used. If the
     Collateral consists of stock, bonds or other investment property for which
     no certificate has been issued, Grantor agrees, at Lender's request, either
     to request issuance of an appropriate certificate or to give instructions
     on Lender's forms to the issuer, transfer agent, mutual fund company, or
     broker, as the case may be, to record on its books or records Lender's
     security interest in the Collateral. Grantor also agrees to execute any
     additional documents, including but not limited to, a control agreement,
     necessary to perfect Lender's security interest as Lender may desire.

     INCOME AND PROCEEDS FROM THE COLLATERAL. Lender may receive all Income and
     Proceeds and add it to the Collateral. Grantor agrees to deliver to Lender
     immediately upon receipt, in the exact form received and without
     commingling with other property, all Income end Proceeds from the
     Collateral which may be received by, paid, or delivered to Grantor or for
     Grantor's account, whether as an addition to, in discharge of, in
     substitution of, or in exchange for any of the Collateral.

     APPLICATION OF CASH. At Lender's option, Lender may apply any cash, whether
     included in the Collateral or received as Income and Proceeds or through
     liquidation, sale, or retirement, of the Collateral, to the satisfaction of
     the Indebtedness or such portion thereof as Lender shall choose, whether or
     not matured.

     TRANSACTIONS WITH OTHERS. Lender may (1) extend time for payment or other
     performance, (2) grant a renewal or change in terms or conditions, or (3)
     compromise, compound or release any obligation, with any one or more
     Obligors, endorsers, or Guarantors of the Indebtedness as Lender deems
     advisable, without obtaining the prior written consent of Grantor, and no
     such act or failure to act shall affect Lender's rights against Grantor or
     the Collateral.

     ALL COLLATERAL SECURITIES INDEBTEDNESS. All Collateral shall be security
     for the indebtedness, whether the Collateral is located at one or more
     officers or branches of lender. This will be the case whether or not the
     office or branch where Grantor obtained Grantor's loan knows

<PAGE>

                           COMMERCIAL PLEDGE AGREEMENT

LOAN NO: 30030036              (CONTINUED)                                PAGE 2

     about the Collateral or relies upon the Collateral as security.

     COLLECTION OF COLLATERAL. Grantor agrees that Lender may, at any time and
     for any reason, whether or not Grantor is then in default under any
     indebtedness, collect the Income and Proceeds directly from the Obligors.
     Grantor authorizes and directs the Obligors, if Lender decides to collect
     the Income and Proceeds, to pay and deliver to Lender all Income and
     Proceeds from the Collateral and to accept Lender's receipt for the
     payments.

     POWER OF ATTORNEY. Grantor Irrevocably appoints Lender as Grantor's
     attorney-in-fact, with full power of substitution, (a) to demand, collect,
     receive, receipt for, sue and recover all Income and Proceeds and other
     sums of money and other property which may now or hereafter become due,
     owing or payable from the Obligors in accordance with the terms of the
     Collateral; (b) to execute, sign and endorse any and all instruments,
     receipts, checks, drafts and warrants issued in payment for the Collateral;
     (c) to settle or compromise any and all claims arising under the
     Collateral, and in the place and stead of Grantor, execute and deliver
     Grantor's release and acquittance for Grantor; (d) to file any claim or
     claims or to take any action or institute or take part in any proceedings,
     either in Lender's own name or in the name of Grantor, or otherwise, which
     in the discretion of Lender may seem to be necessary or advisable; and (e)
     to execute in Grantor's name and to deliver to the Obligors on Grantor's
     behalf, at the time and in the manner specified by the Collateral, any
     necessary instruments or documents.

     PERFECTION OF SECURITY INTEREST. Upon Lender's request, Grantor will
     deliver to Lender any and all of the documents evidencing or constituting
     the Collateral. When applicable law provides more than one method of
     perfection of Lender's security interest. Lender may choose the method(s)
     to be used. Upon Lender's request. Grantor will sign and deliver any
     writings necessary to perfect Lender's security interest. If any of the
     Collateral consists of securities for which no certificate has been issued.
     Grantor agrees, at Lender's option, either to request issuance of an
     appropriate certificate or to execute appropriate instructions on Lender's
     forms instructing the issuer, transfer agent, mutual fund company, or
     broker, as the case may be, to record on its books or records, by
     book-entry or otherwise. Lender's security interest in the Collateral.
     Grantor hereby appoints Lender as Grantor's irrevocable attorney-in-fact
     for the purpose of executing any documents necessary to perfect, amend, or
     to continue the security interest granted in this Agreement or to demand
     termination of filings of other secured parties. This is a continuing
     Security Agreement and will continue in effect even though all or any part
     of the Indebtedness is paid in full and even though for a period of time
     Grantor may not be indebted to Lender.

LENDER'S EXPENDITURES, if any action or proceeding is commenced that would
materially affect Lender's interest in the Collateral or if Grantor fails to
comply with any provision of this Agreement or any Related Documents, including
but not limited to Grantor's failure to discharge or pay when due any amounts
Grantor is required to discharge or pay under this Agreement or any Related
Documents, Lender on Grantor's behalf may (but shall not be obligated to) take
any action that Lender deems appropriate, including but not limited to
discharging or paying all taxes, liens, security interests, encumbrances and
other claims, at any time levied or placed on the Collateral and paying all
costs for insuring, maintaining and preserving the Collateral. All such
expenditures incurred or paid by Lender for such purposes will then bear
interest at the rate charged under the Note from the date incurred or paid by
Lender to the date of repayment by Grantor. All such expenses will become a part
of the indebtedness and, at Lender's option, will (A) be payable on demand; (B)
be added to the balance of the Note and be apportioned among and be payable with
any installment payments to become due during either (1) the term of any
applicable insurance policy; or (2) the remaining term of the Note; or (C) be
treated as a balloon payment which will be due and payable at the Note's
maturity. The Agreement also will secure payment of these amounts. Such right
shall be in addition to all other rights and remedies to which Lender may be
entitled upon Default.

LIMITATIONS ON OBLIGATIONS OF LENDER. Lender shall use ordinary reasonable care
in the physical preservation and custody of the Collateral in Lender's
possession, but shall have no other obligation to protect the Collateral or its
value. In particular, but without limitation, Lender shall have no
responsibility for (A) any depreciation in value of the Collateral or for the
collection or protection of any Income and Proceeds from the Collateral, (B)
preservation of rights against parties to the Collateral or against third
persons, (C) ascertaining any maturities, calls, conversions, exchanges, offers,
tenders, or similar matters relating to any of the Collateral, or (D) informing
Grantor about any of the above, whether or not Lender has or is deemed to have
knowledge of such matters. Except as provided above, Lender shall have no
liability for depreciation or deterioration of the Collateral.

DEFAULT. Each of the following shall constitute an Event of Default under this
Agreement:

     PAYMENT DEFAULT. Grantor falls to make any payment when due under the
     Indebtedness.

     OTHER DEFAULTS. Grantor fails to comply with or to perform any other term,
     obligation, covenant or condition contained in this Agreement or in any of
     the Related Documents or to comply with or to perform any term, obligation,
     covenant or condition contained in any other agreement between Lender and
     Grantor.

     DEFAULT IN FAVOR OF THIRD PARTIES. Should Grantor or any Grantor default
     under any loan, extension of credit, security agreement, purchase or sales
     agreement, or any other agreement, in favor of any other creditor or person
     that may materially affect any of Grantor's property or Grantor's or any
     Grantor's ability to repay the indebtedness or perform their respective
     obligations under this Agreement or any of the Related Documents.

     FALSE STATEMENTS. Any warranty, representation or statement made or
     furnished to Lender by Grantor or on Grantor's behalf, or made by
     Guarantor, or any other guarantor, endorser, surety, or accommodation
     party, under this Agreement or the Related Documents in connection with the
     obtaining of the indebtedness evidenced by the Note or any security
     document directly or indirectly securing repayment of the Note is false or
     misleading in any material respect, either now or at the time made or
     furnished or becomes false or misleading at any time thereafter.

     DEFECTIVE COLLATERALIZATION This Agreement or any of the Related Documents
     ceases to be in full force and effect (including failure of any collateral
     document to create a valid and perfected security interest or lien) at any
     time and for any reason.

     INSOLVENCY. The dissolution or termination of Grantor's existence as a
     going business, the Insolvency of Grantor, the appointment of a receiver
     for any part of Grantor's property, any assignment for the benefit of
     creditors, any type of creditor workout, or the commencement of any
     proceeding under any bankruptcy or insolvency laws by or against Grantor.

     CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
     forfeiture proceedings, whether by judicial proceeding, self-help,
     repossession or any other method, by any creditor of Grantor or by any
     governmental agency against any collateral securing the indebtedness. This
     includes a garnishment of any of Grantor's accounts, including deposit
     accounts, with Lender. However, this Event of Default shall not apply if
     there is a good faith dispute by Grantor as to the validity or
     reasonableness of the claim which is the basis of the creditor or
     forfeiture proceeding and if Grantor gives Lender written notice of the
     creditor or forfeiture proceeding and deposits with Lender monies or a
     surety bond for the creditor or forfeiture proceeding, in an amount
     determined by Lender, in its sole discretion, as being an adequate reserve
     or bond for the dispute.

     EXECUTION: ATTACHMENT. Any execution or attachment is levied against the
     Collateral, and such execution or attachment is not set aside, discharged
     or stayed within thirty (30) days after the same is levied.

     CHANGE IN ZONING OR PUBLIC RESTRICTION. Any change in any zoning ordinance
     or regulation or any other public restriction is enacted, adopted or
     implemented, that limits or defines the uses which may be made of the
     Collateral such that the present or intended use of the Collateral, as
     specified in the Related Documents, would be in violation of such zoning
     ordinance or regulation or public restriction, as changed.

     DEFAULT UNDER OTHER LIEN DOCUMENTS. A default occurs under any other
     mortgage, deed of trust or security agreement covering all or any portion
     of the Collateral.

     JUDGMENT. Unless adequately covered by insurance in the opinion of Lender,
     the entry of a final judgment for the payment of money involving more than
     ten thousand dollars ($10,000.00) against Grantor and the failure by
     Grantor to discharge the same, or cause it to be discharged, or bonded off
     to Lender's satisfaction, within thirty (30) days from the date of the
     order, decree or process under which or pursuant to which such judgment was
     entered.

     EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with respect
     to any Guarantor, or any other guarantor, endorser, surety, or
     accommodation party of any of the indebtedness or Guarantor, or any other
     guarantor, endorser, surety, or accommodation party dies or becomes
     incompetent or revokes or disputes the validity of, or liability under, any
     Guaranty of the indebtedness.

     ADVERSE CHANGE. A material adverse change occurs in Grantor's financial
     condition, or Lender believes the prospect of payment or performance of the
     indebtedness is impaired.

     CURE PROVISIONS. If any default, other than a default in payment or failure
     to satisfy Lender's requirement in the insufficient Market Value of
     Securities section is curable and if Grantor has not been given a notice of
     a breach of the same provision of this Agreement within the preceding
     twelve (12) months, it may be cured if Grantor, after receiving written
     notice from Lender demanding cure of such default: (1) cures the default
     within fifteen (15) days; or (2) if the cure requires more than fifteen
     (15) days, immediately initiates steps which Lender

<PAGE>

                           COMMERCIAL PLEDGE AGREEMENT
LOAN NO: 30030036                 (CONTINUED)                             PAGE 3

     deems in Lender's sole discretion to be sufficient to cure the default and
     thereafter continues and completes all reasonable and necessary steps
     sufficient to produce compliance as soon as reasonably practical.

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this
Agreement, at any time thereafter, Lender may exercise any one or more of the
following rights and remedies:

     ACCELERATE INDEBTEDNESS. Declare all Indebtedness, including any prepayment
     penalty which Grantor would be required to pay, immediately due and
     payable, without notice of any kind to Grantor.

     COLLECT THE COLLATERAL. Collect any of the Collateral and, at Lender's
     option and to the extent permitted by applicable law, retain possession of
     the Collateral while suing on the Indebtedness.

     SELL THE COLLATERAL. Sell the Collateral, at Lender's discretion, as a unit
     or in parcels, at one or more public or private sales. Unless the
     Collateral is perishable or threatens to decline speedily in value or is of
     a type customarily sold on a recognized market. Lender shall give or mail
     to Grantor, and other persons as required by law, notice at least ten (10)
     days in advance of the time and place of any public sale, or of the time
     after which any private sale may be made. However, no notice need be
     provided to any person who, after an Event of Default occurs, enters into
     and authenticates an agreement waiving that person's right to notification
     of sale. Grantor agrees that any requirement of reasonable notice as to
     Grantor is satisfied if Lender mails notice by ordinary mail addressed to
     Grantor at the last address Grantor has given Lender in writing. If a
     public sale is held, there shall be sufficient compliance with all
     requirements of notice to the public by a single publication in any
     newspaper of general circulation In the county where the Collateral is
     located, setting forth the time and place of sale and a brief description
     of the property to be sold. Lender may be a purchaser at any public sale.

     SELF SECURITIES. Sell any securities included in the Collateral In a manner
     consistent with applicable federal and state securities laws. If, because
     of restrictions under such laws, Lender is unable, or believes Lender is
     unable, to sell the securities in an open market transaction, Grantor
     agrees that Lender will have no obligation to delay sale until the
     securities can be registered. Then Lender may make a private sale to one or
     more persons or to a restricted group of persons, even though such sale may
     result in a price that is less favorable than might be obtained in an open
     market transaction. Such a sale will be considered commercially reasonable.
     If any securities held as Collateral are "restricted securities" as defined
     in the Rules of the Securities and Exchange Commission (such as Regulation
     D or Rule 144) or the rules of state securities departments under state
     "Blue Sky" laws, or If Grantor or any other owner of the Collateral is an
     affiliate of the issuer of the securities, Grantor agrees that neither
     Grantor, nor any member of Grantor's family, nor any other person signing
     this Agreement will sell or dispose of any securities of such issuer
     without obtaining Lender's prior written consent.

     Rights and Remedies with Respect to Investment Property, Financial Assets
     and Related Collateral. In addition to other rights and remedies granted
     under this Agreement and under applicable law, Lender may exercise any or
     all of the following rights and remedies: (1) register with any issuer or
     broker or other securities intermediary any of the Collateral consisting of
     Investment property or financial assets (collectively herein, "investment
     property") In Lender's sole name or in the name of Lender's broker, agent
     or nominee; (2) cause any issuer, broker or other securities intermediary
     to deliver to Lender any of the Collateral consisting of securities, or
     investment property capable of being delivered; (3) enter Into a control
     agreement or power of attorney with any issuer or securities intermediary
     with respect to any Collateral consisting of investment property, on such
     terms as Lender may deem appropriate, in its sole discretion, Including
     without limitation, an agreement granting to Lender any of the rights
     provided hereunder without further notice to or consent by Grantor; (4)
     execute any such control agreement on Grantor's behalf and in Grantor's
     name, and hereby irrevocably appoints Lender as agent and attorney-in-fact,
     coupled with an Interest, for the purpose of executing such control
     agreement on Grantor's behalf; (5) exercise any and all rights of Lender
     under any such control agreement or power of attorney; (6) exercise any
     voting, conversion, registration, purchase, option, or other rights with
     respect to any Collateral; (7) collect, with or without legal action, and
     issue receipts concerning any notes, checks, drafts, remittances or
     distributions that are paid or payable with respect to any Collateral
     consisting of investment property. Any control agreement entered with
     respect to any investment property shall contain the following provisions,
     at Lender's discretion. Lender shall be authorized to instruct the Issuer,
     broker or other securities intermediary to take or to refrain from taking
     such actions with respect to the Investment property as Lender may
     instruct, without further notice to or consent by Grantor. Such actions may
     include without limitation the issuance of entitlement orders, account
     instructions, general trading or buy or sell orders, transfer and
     redemption orders, and stop loss orders. Lender shall be further entitled
     to instruct the issuer, broker or securities intermediary to sell or to
     liquidate any investment property, or to pay the cash surrender or account
     termination value with respect to any and all investment property, and to
     deliver all such payments and liquidation proceeds to Lender. Any such
     control agreement shall contain such authorizations as are necessary to
     place Lender in "control" of such investment collateral, as contemplated
     under the provisions of the Uniform Commercial Code, and shall fully
     authorize Lender to issue "entitlement orders" concerning the transfer,
     redemption, liquidation or disposition of investment collateral, in
     conformance with the provisions of the Uniform Commercial Code.

     FORECLOSURE. Maintain a judicial suit for foreclosure and sale of the
     Collateral.

     SPECIFIC PERFORMANCE. Lender may, in addition to or in lieu of the
     foregoing remedies, in Lender's sole discretion, commence an appropriate
     action against Grantor seeking specific performance of any covenant
     contained in this Agreement or in aid of the execution or enforcement of
     any power in this Agreement granted.

     TRANSFER TITLE. Effect transfer of title upon sale of all or part of the
     Collateral. For this purpose, Grantor irrevocably appoints Lender as
     Grantor's attorney-in-fact to execute endorsements, assignments and
     instruments in the name of Grantor and each of them (if more than one) as
     shall be necessary or reasonable.

     OTHER RIGHTS AND REMEDIES. Have and exercise any or all of the rights and
     remedies of a secured creditor under the provisions of the Uniform
     Commercial Code, at law, in equity, or otherwise.

     APPLICATION OF PROCEEDS. Apply any cash which is part of the Collateral, or
     which is received from the collection or sale of the Collateral, to
     reimbursement of any expenses, including any costs for registration of
     securities, commissions incurred in connection with a sale, attorneys' fees
     and court costs, whether or not there is a lawsuit and including any fees
     on appeal, incurred by Lender in connection with the collection and sale of
     such Collateral and to the payment of the Indebtedness of Grantor to
     Lender, with any excess funds to be paid to Grantor as the interests of
     Grantor may appear. Grantor agrees, to the extent permitted by law, to pay
     any deficiency after application of the proceeds of the Collateral to the
     Indebtedness.

     ELECTION OF REMEDIES. Except as may be prohibited by applicable law, all of
     Lender's rights and remedies, whether evidenced by this Agreement, the
     Related Documents, or by any other writing, shall be cumulative and may be
     exercised singularly or concurrently. Election by Lender to pursue any
     remedy shall not exclude pursuit of any other remedy, and an election to
     make expenditures or to take action to perform an obligation of Grantor
     under this Agreement, after Grantor's failure to perform, shall not affect
     Lender's right to declare a default and exercise its remedies.

EXCLUSION FROM INDEBTEDNESS. Excluded from Indebtedness shall be any
indebtedness governed by the Federal Truth in Lending Act.

MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of
this Agreement:

     AMENDMENTS. This Agreement, together with any Related Documents,
     constitutes the entire understanding and agreement of the parties as to the
     matters set forth in this Agreement. No alteration of or amendment to this
     Agreement shall be effective unless given in writing and signed by the
     party or parties sought to be charged or bound by the alteration or
     amendment.

     ATTORNEYS' FEES; EXPENSES. Grantor agrees to pay upon demand all of
     Lender's costs and expenses, including Lender's attorneys' fees and
     Lender's legal expenses, incurred in connection with the enforcement of
     this Agreement. Lender may hire or pay someone else to help enforce this
     Agreement, and Grantor shall pay the costs and expenses of such
     enforcement. Costs and expenses include Lender's attorneys' fees and legal
     expenses whether or not there is a lawsuit, including attorneys' fees and
     legal expenses for bankruptcy proceedings (including efforts to modify or
     vacate any automatic stay or injunction), appeals, and any anticipated
     post-judgment collection services. Grantor also shall pay all court costs
     and such additional fees as may be directed by the court.

     CAPTION HEADINGS. Caption headings in this Agreement are for convenience
     purposes only and are not to be used to interpret or define the provisions
     of this Agreement.

     NO WAIVER BY LENDER. Lender shall not be deemed to have waived any rights
     under this Agreement unless such waiver is given in writing and signed by
     Lender. No delay or omission on the part of Lender in exercising any right
     shall operate as a waiver of such right or any other right. A waiver by
     Lender of a provision of this Agreement shall not prejudice or constitute a
     waiver of Lender's right otherwise to demand strict compliance with that
     provision or any other provision of this Agreement. No prior waiver by
     Lender, nor any course of dealing between Lender and Grantor, shall
     constitute a waiver of any of Lender's rights or of any of Grantor's
     obligations as to any future transactions. Whenever the consent of Lender
     is required under this Agreement, the granting of such consent by Lender in
     any instance shall not constitute continuing consent to subsequent
     instances where such consent is required and in all cases such consent may
     be granted or withheld in the sole discretion of Lender.

<PAGE>

                           COMMERCIAL PLEDGE AGREEMENT
LOAN NO: 30030036                 (CONTINUED)                             PAGE 4

     NON-LIABILITY OF LENDER. The relationship between Grantor and Lender
     created by this Agreement is strictly a debtor and creditor relationship
     and not fiduciary in nature, nor is the relationship to be construed as
     creating any partnership or joint venture between Lender and Grantor.
     Grantor is exercising Grantor's own judgement with respect to Grantor's
     business; All information supplied to Lender is for Lender's protection
     only and no other party is entitled to rely on such information. There is
     no duty for Lender to review, inspect, supervise or Inform Grantor of any
     matter with respect to Grantor's business. Lender and Grantor Intend that
     Lender may reasonably rely on all Information supplied by Grantor to
     Lender, together with all representations and warranties given by Grantor
     to Lender, without investigation or confirmation by Lender and that any
     investigation or failure to investigate will not diminish Lender's right to
     so rely.

     NOTICES. Any notice required to be given under this Agreement shall be
     given in writing, and shall be effective when actually delivered, when
     actually received by telefacsimile (unless otherwise required by law), when
     deposited with a nationally recognized overnight courier, or, if mailed,
     when deposited in the United States mail, as first class, certified or
     registered mail postage prepaid, directed to the addresses shown near the
     beginning of this Agreement. Any party may change its address for notices
     under this Agreement by giving formal written notice to the other parties,
     specifying that the purpose of the notice is to change the party's address.
     For notice purposes, Grantor agrees to keep Lender informed at all times of
     Grantor's current address. Unless otherwise provided or required by law, if
     there is more than one Grantor, any notice given by Lender to any Grantor
     is deemed to be notice given to all Grantors.

     SEVERABILITY. If a court of competent jurisdiction finds any provision of
     this Agreement to be illegal, invalid, or unenforceable as to any
     circumstance, that finding shall not make the offending provision illegal,
     invalid, or unenforceable as to any other circumstance. If feasible, the
     offending provision shall be considered modified so that it becomes legal,
     valid and enforceable. If the offending provision cannot be so modified, it
     shall be considered deleted from this Agreement. Unless otherwise required
     by law, the illegality, invalidity, or unenforceability of any provision of
     this Agreement shall not affect the legality, validity or enforceability of
     any other provision of this Agreement.

     SOLE DISCRETION OF LENDER. Whenever Lender's consent or approval is
     required under this Agreement, the decision as to whether or not to consent
     or approve shall be in the sole and exclusive discretion of Lender and
     Lender's decision shall be final and conclusive.

     SUCCESSORS AND ASSIGNS. Subject to any limitations stated in this Agreement
     on transfer of Grantor's interest, this Agreement shall be binding upon and
     inure to the benefit of the parties, their successors and assigns. If
     ownership of the Collateral becomes vested in a person other than Grantor,
     Lender, without notice to Grantor, may deal with Grantor's successors with
     reference to this Agreement and the Indebtedness by way of forbearance or
     extension without releasing Grantor from the obligations of this Agreement
     or liability under the Indebtedness.

     TIME IS OF THE ESSENCE. Time is of the essence in the performance of this
     Agreement.

     WAIVE JURY. All parties to this Agreement hereby waive the right to any
     jury trial in any action, proceeding, or counterclaim brought by any party
     against any other party.

DEFINITIONS. The following capitalized words and terms shall have the following
meanings when used in this Agreement. Unless specifically stated to the
contrary, all references to dollar amounts shall mean amounts in lawful money of
the United States of America. Words and terms used in the singular shall include
the plural, and the plural shall include the singular, as the context may
require. Words and terms not otherwise defined in this Agreement shall have the
meanings attributed to such terms in the Uniform Commercial Code:

     AGREEMENT. The word "Agreement" means this Commercial Pledge Agreement, as
     this Commercial Pledge Agreement may be amended or modified from time to
     time, together with all exhibits and schedules attached to this Commercial
     Pledge Agreement from time to time.

     BORROWER. The word "Borrower" means Home Bancshares, Inc, and Includes all
     co-signers and co-makers signing the Note.

     COLLATERAL. The word "Collateral" means all of Grantor's right, title and
     interest in and to all the Collateral as described in the Collateral
     Description section of this Agreement.

     DEFAULT. The word "Default" means the Default set forth in this Agreement
     in the section titled "Default".

     EVENT OF DEFAULT. The words "Event of Default" mean individually,
     collectively, and interchangeably any of the events of default set forth in
     this Agreement in the default section of this Agreement.

     GRANTOR. The word "Grantor" means Home Bancshares, Inc..

     GUARANTOR. The word "Guarantor" means any guarantor, surety, or
     accommodation party of any or all of the Indebtedness, and, in each case,
     Grantor's successors, assigns, heirs, personal representatives, executors
     and administrators of any guarantor, surety, or accommodation party.

     GUARANTY. The word "Guaranty" means the guaranty from Guarantor, or any
     other guarantor, endorser, surety, or accommodation party to Lender,
     including without limitation a guaranty of all or part of the Note.

     INCOME AND PROCEEDS. The words "Income and Proceeds" mean all present and
     future Income, proceeds, earnings, increases, and substitutions from or for
     the Collateral of every kind and nature, including without limitation all
     payments, interest, profits, distributions, benefits, rights, options,
     warrants, dividends, stock dividends, stock splits, stock rights,
     regulatory dividends, subscriptions, monies, claims for money due and to
     become due, proceeds of any insurance on the Collateral, shares of stock of
     different par value or no par value issued in substitution or exchange for
     shares included in the Collateral, and all other property Grantor is
     entitled to receive on account of such Collateral, including accounts,
     documents, instruments, chattel paper, and general intangibles.

     INDEBTEDNESS. The word "Indebtedness" means the indebtedness evidenced by
     the Note or Related Documents, including all principal and interest
     together with all other indebtedness and costs and expenses for which
     Grantor is responsible under this Agreement or under any of the Related
     Documents.

     LENDER. The word "Lender" means First Tennessee Bank National Association,
     Its successors and assigns.

     NOTE. The word "Note" means the Note executed by Home Bancshares, Inc. in
     the principal amount of $30,000,000.00 dated September 1, 2005, together
     with all renewals of, extensions of, modifications of, refinancings of,
     consolidations of, and substitutions for the note or credit agreement.

     OBLIGOR. The word "Obligor" means individually, collectively and
     interchangeably without limitation any and all persons obligated to pay
     money or to perform some other act under the Collateral.

     PROPERTY. The word "Property" means all of Grantor's right, title and
     interest in and to all the Property as described in the "Collateral
     Description" section of this Agreement.

     RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes,
     credit agreements, loan agreements, environmental agreements, guaranties,
     security agreements, mortgages, deeds of trust, security deeds, collateral
     mortgages, and all other instruments, agreements and documents, whether now
     or hereafter existing, executed in connection with the indebtedness.

     STOCK. The word "Stock" means individually, collectively and
     interchangeably Grantor's stock, and other securities to pledge under this
     Agreement, together with any and all additions thereto, subtitutions
     therefor or replacements thereof.

GRANTOR HAS READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS COMMERCIAL PLEDGE
AGREEMENT AND AGREES TO ITS TERMS. THIS AGREEMENT IS DATED SEPTEMBER 1, 2005.

GRANTOR:

HOME BANCSHARES, INC.

By: /s/ Randy Mayor
    ---------------------------------
    Randy Mayor, Treasurer of Home
    Bancshares, Inc.

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