Document:

EX-10.7

 Exhibit 10.7 

LOAN AND SECURITY AGREEMENT 

THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) is made and entered into as of July 16, 2014, by and between
EQUITY BANCSHARES, INC., a Kansas corporation (“Borrower”), and SERVISFIRST BANK, an Alabama banking corporation (“Lender”). 

W I T N E S S E T H: 

Borrower has requested that Lender lend it the sum of up to $15,540,000.00 on a term loan basis (the “Loan”), and Lender is willing
to make the Loan upon the terms and conditions hereinafter set forth. 
 NOW, THEREFORE, in consideration of the promises herein
contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, each intending to be legally bound hereby, agree as follows: 

ARTICLE 1. DEFINITIONS 

Section 1.01. Defined Terms. As used herein: 

“Affiliate” or “Affiliates” shall mean any Person (i) which directly or indirectly through one or more
intermediaries controls, or is controlled by, or is under common control with, Borrower, or (ii) five percent (5%) or more of the equity interest of which is held beneficially or of record by Borrower. The term “control” means
the possession, directly or indirectly, of the power to cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 

“Agreement” means this Loan and Security Agreement, as amended or supplemented from time to time. 

“Call Report” means Consolidated Reports of Condition and Income (Form FFIEC 041), and any substitute or replacement report
as may be required by the applicable bank regulatory agency(ies). 
 “Capital” means, with respect to the Subsidiary Bank,
the “tier 1 capital” of the Subsidiary Bank, as reported on Schedule RC-R of the Subsidiary Bank’s most recent quarterly Call Report. 

“CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended. 

“Collateral” is defined in Section 4.01 of this Agreement. 

“Collateral Documents” means the documents specified in Section 3.01(B) - (D). 

“Default” means any event described in Section 7.01. 

 “Dividend Date” is defined in Section 6.0l(P) of this Agreement.

 “ERISA” means the Employee Retirement Security Act of 1974, as amended. “Fixed Rate” is defined in
Section 2.06(A)(l)(a) of this Agreement. 
 “Floating Rate” is defined in Section 2.06(A)(l)(b) of this
Agreement. 
 “Generally Accepted Accounting Principles” or “GAAP” means generally accepted principles of
accounting in the United States in effect from time to time applied in a manner consistent with those used in preparing such financial statements as have theretofore been furnished to Lender by Borrower. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof and any entity
exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, which has or asserts jurisdiction over Lender, Borrower or any of its Subsidiaries, or over the property of any of them. 

“Indebtedness” means all items of indebtedness, obligation or liability, whether matured or unmatured, liquidated or
unliquidated, direct or contingent, joint or several, including, but without limitation: 
 (A) All indebtedness guaranteed, directly or
indirectly, in any manner, or endorsed (other than for collection or deposit in the ordinary course of business) or discounted with recourse; 

(B) All indebtedness in effect guaranteed, directly or indirectly, through agreements, contingent or otherwise: 

(1) to purchase such indebtedness; or 

(2) to purchase, sell or lease (as lessee or lessor) property, products, materials or supplies or to purchase or sell services
primarily for the purpose of enabling the debtor to make payment of such indebtedness or to assure the owner of the indebtedness against loss; or 

(3) to supply funds to or in any other manner invest in the debtor. 

(C) All indebtedness secured by (or for which the holder of such indebtedness has a right, contingent or otherwise, to be secured by) any
mortgage, deed of trust, pledge, lien, security interest or other charge or encumbrance upon property owned or acquired subject thereto, whether or not the liabilities secured thereby have been assumed; and 

(D) All indebtedness incurred as the lessee of goods or services under leases that, in accordance with Generally Accepted Accounting
Principles, should not be reflected on the lessee’s balance sheet. 
 “Interest Rate” means either the Fixed Rate or
the Floating Rate in effect from time to time. 

  
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 “Laws” means all ordinances, statutes, rules, regulations, orders, injunctions,
writs or decrees of any governmental or political subdivision or agency thereof, or any court or similar entity established by any thereof. 

“Loan” has the meaning set forth in the recitals of this Agreement. 

“Maturity Date” means the earlier of July 1, 2021, or the date the maturity of the Note is accelerated pursuant to
Section 7.02 of this Agreement. 
 “Non-Performing Assets” means, with respect to the Subsidiary Bank, the sum
of (a) the Subsidiary Bank’s Non-Performing Loans, (b) the other real estate owned by the Subsidiary Bank, and (c) all other non-performing assets of the Subsidiary Bank. 

“Non-Performing Assets Ratio” means, with respect to the Subsidiary Bank, the ratio of the Subsidiary Bank’s
Non-Performing Assets to the Subsidiary Bank’s Capital plus Reserves. 
 “Non-Performing Loans” means, with respect to
the Subsidiary Bank, the sum of (a) the Subsidiary Bank’s loans and leases which are on nonaccrual status, (b) the Subsidiary Bank’s loans and leases which are at least ninety (90) days past due, and (c) all other
non-performing loans and leases of the Subsidiary Bank. 
 “Note” means the Promissory Note of even date herewith, in the
principal amount of $15,540,000.00, made by Borrower to evidence Borrower’s obligation to repay the Loan and the interest thereon and includes any amendment to such Note and any promissory note given in extension or renewal of, or in
substitution for, such Note evidencing Borrower’s obligation to repay the Loan. 
 “Obligations” means all of the
following. 
 (A) The Obligation of Borrower to pay the principal of and interest on the Note in accordance with the terms thereof, and to
satisfy all of its other liabilities to Lender, whether hereunder or otherwise (including, without limitation, under. any swap or other hedging agreement made by Borrower with or in favor of Lender), whether now existing or hereafter incurred,
matured or unmatured, direct or contingent, joint or several, including any extensions, modifications, renewals thereof and substitutions therefor. 

(B) The Obligation of Borrower to repay to Lender all amounts advanced by Lender hereunder or otherwise on behalf of Borrower, including, but
without limitation, advances for principal or interest payments to prior secured parties, mortgagees, or lienors, or for taxes, levies, insurance, rent, repairs to or maintenance or storage of any of the Collateral. 

(C) The Obligation of Borrower to reimburse Lender, on demand, for all of Lender’s expenses and costs, including the reasonable fees and
expenses of its counsel, in connection with the preparation, administration, amendment, modifications, or enforcement of this Agreement and the documents required hereunder, including, without limitation, any proceeding brought or threatened to
enforce payment of any of the obligations referred to in the foregoing paragraphs (A) and (B). 
 (D) The Obligation of Borrower to
comply with the terms of this Agreement, the Note and the Collateral Documents. 

  
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 “Origination Fee” means $31,080.00, which is the amount of the Loan multiplied
by 20 basis points (0.2%), which is due and payable by Borrower to Lender upon execution of this Agreement. 

“Person” means any individual, corporation, partnership, limited liability company, association, joint-stock company, trust,
unincorporated organization, joint venture, court, or government or political subdivision or agency thereof. 
 “Pledge
Agreement” means that certain Pledge Agreement of even date herewith pursuant to which Lender is granted a security interest in the Pledged Stock. 

“Pledged Stock” means one hundred percent (100%) of the capital stock of the Subsidiary Bank. 

“Potential Default” means an event of default which but for the lapse of time or the giving of notice, or both, would
constitute a Default. 
 “Prime Rate” means the rate designated as such in the “Money Rates” section of The
Wall Street Journal (or any generally recognized successor) on any particular day. The Prime Rate is not necessarily the lowest interest rate charged by Lender. The Prime Rate on the date of this Agreement is 3.25%. 

“Records” means instruments, agreements, correspondence, memoranda, tapes, discs, papers, books and other documents, or
transcribed information of any type, whether express in ordinary or machine language, and all filing cabinets and other containers in which the foregoing is stored or maintained. 

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System as now or from time to time
hereafter in effect and shall include any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks for the purpose of purchasing or carrying margin stocks applicable to member
banks of the Federal Reserve System. 
 “Reserves” means, with respect to the Subsidiary Bank, the “allowance for loan
and lease losses” of the Subsidiary Bank as reported on Schedule RC of the Subsidiary Bank’s most recent quarterly Call Report. 

“Return on Assets Ratio” means, with respect to the Subsidiary Bank, the ratio of (a) year-to-date “net
income” of the Subsidiary Bank for the current calendar year, as reported on Schedule RI of the Subsidiary Bank’s most recent quarterly Call Report, annualized over the current calendar year, to (b) “average assets” as
reported on Schedule RC-K of the Subsidiary Bank’s most recent quarterly Call Report. 

  
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 “Subsidiary” means any corporation, including but not limited to the Subsidiary
Bank, of which more than fifty-one percent (51%) of the outstanding voting securities shall, at the time of determination, be owned directly, or indirectly through one or more intermediaries, by Borrower. 

“Subsidiary Bank” means Equity Bank, a Kansas banking corporation and a wholly-owned
Subsidiary of Borrower. 
 “Tier 1 Leverage Ratio” means, with respect to the Subsidiary Bank, the tier 1 leverage ratio as
defined by the capital maintenance regulations of the primary federal bank regulatory agency of the Subsidiary Bank and reported on Schedule RC-R of the Subsidiary Bank’s most recent quarterly Call Report. 

Section 1.02. Construction. All accounting terms used herein shall have their customary meanings under, and shall be construed in
accordance with, GAAP. 
 Section 1.03. UCC Definitions. All other capitalized terms contained in this Agreement shall, unless
otherwise defined herein or unless the context otherwise indicates, have their respective meanings under the Uniform Commercial Code of Alabama. 

ARTICLE 2. THE LOAN 

Section 2.01. General Terms. Subject to the terms and conditions of this Agreement, on the date hereof, Lender will lend Borrower
the principal sum of $15,540,000.00 on a term basis. 
 Section 2.02. The Note. On the date hereof, Borrower will execute and
deliver the Note to Lender to evidence Borrower’s Obligations to repay the Loan and the interest thereon. 
 Section 2.03. Use
of Proceeds; Disbursement of the Loan. Borrower will use the proceeds of the Loan solely to redeem all of the preferred stock of Borrower that is issued and outstanding under the Capital Purchase Program (a component of the Troubled Asset Relief
Program, or TARP) of the United States Department of the Treasury. Such preferred stock originally was issued by First Community Bancshares, Inc., and Borrower is the successor by merger to First Community Bancshares, Inc. Lender will disburse the
proceeds of the Loan (i) to Lender in payment of any sums due under this Agreement, and (ii) to Borrower for the use described hereinabove. 

Section 2.04. Payments of Principal. If not earlier demanded pursuant to Section 7.02 hereof, the principal of the
Loan will be repaid in twenty-eight (28) consecutive quarterly installments, commencing on October 1, 2014, and continuing on the first (1st) day of each January, April, July and October thereafter through and including July 1,
2021. The first twenty-seven (27) such installments of principal shall be in the amount of Three Hundred Eighty-Eight Thousand Five Hundred and no/100 Dollars ($388,500.00) each. The final installment of
principal, in the amount of the entire unpaid principal balance of the Loan, together with all accrued and unpaid interest and all other amounts (if any) outstanding, shall be due and payable on July 1, 2021 (i.e., the Maturity Date), which
payment shall be a balloon payment. 
 Section 2.05. Prepayment. Borrower may, without penalty or premium, prepay the principal
of the Loan in whole or, from time to time, in part, provided that (a) any partial 

  
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payment must be made in the sum of Ten Thousand Dollars ($10,000.00) or an integral multiple thereof, (b) any prepayment shall be accompanied by the payment of all accrued interest on the
amount prepaid, and (c) no such prepayments may be reborrowed hereunder. All such partial prepayments shall be applied against the installments of principal required by Section 2.04 in the inverse order of the maturity thereof. 

Section 2.06. Interest Rate and Payments of Interest. 

(A) Interest shall be calculated and paid as follows: 

(1) (a) From the date hereof through July 1, 2019, interest on the principal balance of the Loan from time to time
outstanding will be payable at a fixed per annum rate (the “Fixed Rate”) equal to four percent (4%); and 

(b) From July 2, 2019, through the Maturity Date, interest on the principal balance of the Loan from time to time
outstanding will be payable at a floating per annum rate (the “Floating Rate”) equal to the Prime Rate in effect from time to time. 

(2) Each time a change to the Prime Rate occurs, the Floating Rate shall change contemporaneously with such change in the Prime
Rate. 
 (3) Interest shall be calculated on the basis of a 360-day year, by multiplying the product of the principal amount
outstanding and the applicable rate by the actual number of days elapsed, and dividing by 360, and shall be payable quarterly in arrears, commencing on October 1, 2014, and continuing on the first (1st) day of each January, April, July and
October thereafter until the outstanding principal balance of the Loan has been repaid in full, with the final payment of accrued and unpaid interest due and payable on the Maturity Date. 

(B) If, at any time, the Interest Rate shall be deemed by any competent Governmental Authority to exceed the maximum rate of interest
permitted by any applicable Laws, then, for such time as the Interest Rate would be deemed excessive, its application shall be suspended and there shall be charged instead the maximum rate of interest permissible under such Laws. 

Section 2.07. Payment to Lender. All sums payable to Lender under the Loan shall be paid directly to Lender in United States
Dollars and immediately available funds. If Lender shall send to Borrower statements of amounts due hereunder, such statements shall be considered correct and conclusively binding on Borrower, absent manifest error, unless Borrower notifies Lender
to the contrary within ninety (90) days of its receipt of any statement which it deems to be incorrect. Alternatively, at its sole discretion, Lender may charge against any deposit account of Borrower all or any part of any amount due
hereunder. 
 Section 2.08. Late Fee/Default Rate of Interest. Borrower promises to pay to Lender a late fee equal to one
percent (1.00%) of the amount of each installment of principal and/or installment of interest which is received more than ten (10) days after the due date thereof; provided, however, that such late fee shall not be less than
$20.00 nor more than the maximum amount (if any) permitted by law. The principal balance of the Loan outstanding after maturity 

  
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(whether by acceleration or otherwise) shall bear interest at a per annum rate of interest equal to the greater of (a) two percent (2.00%) plus the otherwise applicable Interest
Rate calculated pursuant to Section 2.06 hereof, or (b) two percent (2.00%) plus the Prime Rate in effect from time to time. This section does not extend any payment due date expressly stated in this Agreement or any
Collateral Document and does not in any way prevent or estop Lender from requiring that payments be made by Borrower strictly when due. Unless accepted by Lender, and unless accompanied by all other amounts then due to Lender, the tender of such
payment by Borrower shall not cure the Default arising from the payment default upon which such late charge was assessed. 
 ARTICLE 3.
CONDITIONS PRECEDENT 
 The obligation of Lender to make the Loan hereunder is subject to the following conditions precedent: 

Section 3.01. Conditions to the Loan. Prior to the initial disbursement of the Loan, Borrower shall have delivered to Lender the
following: 
 (A) the duly executed Note; 

(B) the duly executed Pledge Agreement; 

(C) original certificates representing the Pledged Stock, accompanied by stock powers endorsed in blank; 

(D) if requested by Lender, the financing statements described in Section 4.05; 

(E) copies, certified as of the date of this Agreement by Borrower’s corporate secretary, of resolutions of Borrower’s board of
directors authorizing the execution, delivery and performance of this Agreement, the Note, the Collateral Documents, and each other document to be delivered pursuant hereto; 

(F) copies, certified as of the date of this Agreement by their respective corporate secretaries, of the articles of incorporation of Borrower
and the Subsidiary Bank, together with a certificate (dated the date of this Agreement) of the their respective corporate secretaries to the effect that such articles of incorporation have not been amended except as provided in such articles; 

(G) copies, certified as of the date of this Agreement by their respective corporate secretaries, of the bylaws of Borrower and the Subsidiary
Bank, together with a certificate (dated the date of this Agreement) of the their respective corporate secretaries to the effect that such bylaws have not been amended except as provided in such bylaws; 

(H) a certificate (dated the date of this Agreement) of Borrower’s corporate secretary as to the incumbency and signatures of the
officers of Borrower signing this Agreement, the Note, the Collateral Documents, and each other document to be delivered pursuant hereto; 

  
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 (I) certificates, as of the most recent dates practicable, of the secretary of state of the state
of incorporation of Borrower and the Subsidiary Bank, and, where appropriate, the department of revenue or taxation of such state, as to the existence and good standing of Borrower and the Subsidiary Bank; 

(J) a favorable opinion of Borrower’s counsel, in form acceptable to Lender; 

(K) if requested by Lender, certificates of one or more of the insurance policies referred to in Section 6.01(F); 

(L) evidence acceptable to Lender that Borrower and the Subsidiary Bank have received all necessary regulatory approvals (or that no
regulatory approvals are necessary) for (i) Borrower to obtain the Loan, (ii) Borrower and Subsidiary Bank to enter into and perform their Obligations under this Agreement and the Collateral Documents, (iii) the payment by the
Subsidiary Bank of dividends to Borrower in amounts sufficient to comply with the repayment terms of the Loan, and (iv) the redemption of all the preferred stock of Borrower that is issued and outstanding under the TARP Capital Purchase Program
of the United States Department of the Treasury; 
 (M) if Lender requests that a UCC financing statement(s) be filed to evidence
Lender’s security interest in the Collateral, such UCC financing statement(s) shall have been duly authorized by the Borrower, and Borrower shall have provided Lender with evidence satisfactory to Lender that Borrower has paid any and all taxes
payable under applicable Law in connection with the filing of such UCC financing statement(s); 
 (N) payment of the Origination Fee and all
other fees and expenses payable pursuant to this Agreement; and 
 (O) such other documentation as Lender shall require regarding Borrower
or the Subsidiary Bank, including, without limitation, opinions and certificates of Borrower’s independent certified public accountants, appraisals, reports of other independent consultants selected by Lender, and certificates of
Borrower’s officers. 
 Section 3.02. Certain Events. Without limiting the foregoing, at the time of the disbursement of
the proceeds of the Loan: 
 (A) No Default or Potential Default shall have occurred and be continuing; 

(B) The Collateral Documents shall be in full force and effect; 

(C) The Subsidiary Bank’s Call Report for the most recently-ended calendar quarter, including the calendar quarter ending March 31,
2014, filed by the Subsidiary Bank with any applicable regulatory authority, shall have been delivered to Lender; 
 (D) All representations
and warranties set forth in Article 5 shall be true and correct as of the time of such disbursement; and 
 (E) There shall be no
material adverse change in the consolidated financial condition or business of Borrower or since April 30, 2014, or the Subsidiary Bank since March 31, 2014. 

  
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 Section 3.03. Legal Matters. At the time of the disbursement of the proceeds of the
Loan, all legal matters necessary to preserve and perfect Lender’s security interest in the Collateral and Borrower’s obligation to repay the Loan shall be satisfactory to Lender and its counsel. 

ARTICLE 4. COLLATERAL SECURITY 

Section 4.01. Composition of the Collateral. The property in which a security interest is granted pursuant to the provisions of
Sections 4.02 and 4.03 is herein collectively called the “Collateral.” The Collateral, together with all of Borrower’s other property of any kind held by Lender, shall stand as one general, continuing collateral security
for all Obligations and may be retained by Lender until all Obligations have been satisfied in full. 
 Section 4.02. Rights in
Property Held by Lender. As security for the prompt satisfaction of all Obligations, Borrower hereby assigns, transfers and sets over to Lender all of its right, title and interest in and to, and grants Lender a lien on and a security interest
in, all amounts that may be owing from time to time by Lender to Borrower in any capacity, including, but without limitation, any balance or share belonging to Borrower of any deposit or other account with Lender, which lien and security interest
shall be independent of any right of set-off which Lender may have. 
 Section 4.03. Security Interest in the Pledged Stock. As
further security for the prompt satisfaction of all Obligations, Borrower hereby assigns and transfers to Lender all of its rights, title and interest in and to, and grants Lender a lien upon and security interest in, all of the Pledged Stock,
whether now owned or hereafter acquired, together with all replacements therefor and all proceeds thereof, and all Records pertaining to any of the Collateral. 

Section 4.04. Priority of Liens. The foregoing liens shall be first and prior liens on the Pledged Stock and other Collateral.

 Section 4.05. Financing Statements. 

(A) Borrower: 

(1) Hereby authorizes the filing of such financing statements (including amendments thereto and continuation statements
thereof) in form satisfactory to Lender as Lender may hereafter specify in order to perfect Lender’s lien on and security interest in the Collateral; 

(2) Will pay or reimburse Lender for all costs and taxes of filing or recording such financing statements (including amendments
thereto and continuation statements thereof) in form satisfactory to Lender as Lender may hereafter specify, provided such financing statements are consistent with the provisions of this Agreement; and 

(3) Will take such other steps as Lender may direct, including the noting of Lender’s lien on the Collateral and on any
certificates of title therefor, all to perfect Lender’s interest in the Collateral. 

  
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 (B) In addition to the foregoing, and not in limitation thereof: 

(1) A carbon, photographic, or other reproduction of this Agreement shall be sufficient as a financing statement and may be
filed in any appropriate public office in lieu thereof; and 
 (2) To the extent lawful, Borrower hereby appoints Lender as
its attorney-in-fact (without requiring Lender to act as such) to file any financing statement and any amendment thereto in the name of Borrower, and to perform all other acts that Lender deems appropriate to perfect and continue its security
interest in, and to protect and preserve, the Collateral. 
 ARTICLE 5. REPRESENTATIONS AND WARRANTIES 

Section 5.01. Original. To induce Lender to enter into this Agreement, Borrower represents and warrants to Lender as follows: 

(A) Borrower owns 100% of the outstanding capital stock of the Subsidiary Bank; 

(B) Borrower is a corporation duly organized, validly existing and in good standing under the Laws of the State of Kansas; the Subsidiary Bank
is a Kansas state bank duly organized, validly existing and in good standing under the Laws of the State of Kansas; Borrower and the Subsidiary Bank have the lawful power to own their properties and to engage in the business they conduct, and are
duly qualified and in good standing as foreign corporations in the jurisdictions wherein the nature of the business transacted by them or property owned by them make such qualification necessary; the states in which Borrower and the Subsidiary Bank
are qualified to do business are set forth in Exhibit B; the addresses of Borrower’s and the Subsidiary Bank’s respective principal places of business are set forth in Exhibit B; and neither Borrower nor the Subsidiary Bank
has changed its name, been the surviving corporation in a merger, acquired any business, or changed its principal executive office within five (5) years and one (1) month prior to the date hereof (except as set forth on Exhibit B);

 (C) Neither Borrower nor the Subsidiary Bank is in default with respect to any of its existing Indebtedness, or under any material lease,
contract or commitment of any kind, and all parties (including Borrower and the Subsidiary Bank) to all such material leases, contracts and other commitments to which Borrower or the Subsidiary Bank is a party are in material compliance with the
provisions of such leases, contracts and other commitments; 
 (D) The making and performance of this Agreement, the Note, and the
Collateral Documents will not (immediately, or with the passage of time, or with the giving of notice): 
 (1) Violate any
provision of the articles of incorporation or bylaws of Borrower or the Subsidiary Bank, or violate any Laws or result in a default under any contract, agreement, or instrument to which Borrower or the Subsidiary Bank is a party or by which Borrower
or the Subsidiary Bank or any of their respective properties are bound; or 
 (2) Result in the creation or imposition of any
security interest in, or lien or encumbrance upon, any of the assets of Borrower or the Subsidiary Bank, except in favor of Lender; 

  
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 (E) Borrower has the power and authority to enter into and perform this Agreement, the Note, and
the Collateral Documents, and to incur the Obligations herein and therein provided for, and has taken all corporate action necessary to authorize the execution, delivery, and performance of this Agreement, the Note, and the Collateral Documents;

 (F) This Agreement and the Collateral Documents are, and the Note when delivered will be, valid, binding, and enforceable in accordance
with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws, and judicial decisions affecting the rights of creditors generally and by general principles of equity; 

(G) Except as described on Schedule 1, there is no pending or, to Borrower’s knowledge, threatened order, notice, claim,
litigation, proceeding or investigation against or affecting Borrower or the Subsidiary Bank, whether or not covered by insurance, that would involve the payment of $100,000.00 or more if adversely determined; 

(H) Borrower has good and marketable title to all of the Collateral, subject to no security interest, encumbrance or lien, or claim of any
third person; 
 (I) Borrower’s and the Subsidiary Bank’s financial statements (including Call Reports, in the case of the
Subsidiary Bank) furnished to Lender, including any schedules and notes pertaining thereto, have been prepared in accordance with Generally Accepted Accounting Principles consistently applied, and fully and fairly present the financial condition of
Borrower at the dates thereof and the results of operations for the periods covered thereby, and there have been no material adverse changes in the consolidated financial condition or business of Borrower, from April 30, 2014, to the date
hereof, or the Subsidiary Bank, from March 31, 2014, to the date hereof; 
 (J) As at the date of this Agreement, neither Borrower nor
the Subsidiary Bank has any material Indebtedness of any nature, including, but without limitation, liabilities for taxes and any interest or penalties relating thereto, except to the extent reflected (in a footnote or otherwise) and reserved
against in the April 30, 2014, financial statements of Borrower, or the March 31, 2014, Call Report of the Subsidiary Bank, or as disclosed in or permitted by this Agreement, as applicable; Borrower does not know and has no reasonable
ground to know of any basis for the assertion against it or the Subsidiary Bank as of March 31, 2014, of any material Indebtedness of any nature not fully reflected and reserved against in the above referenced respective financial statements or
Call Reports, as applicable; 
 (K) Except as otherwise permitted herein, Borrower and the Subsidiary Bank have filed all federal, state and
local tax returns and other reports they are required by Laws to file prior to the date hereof and which are material to the conduct of their business, have paid or caused to be paid all taxes, assessments and other governmental charges that are due
and payable 

  
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prior to the date hereof, and have made adequate provision for the payment of such taxes, assessments or other charges accruing but not yet payable; Borrower has no knowledge of any deficiency or
additional assessment in a materially important amount in connection with any taxes, assessments or charges not provided for on its books or the books of the Subsidiary Bank; 

(L) Neither Borrower nor the Subsidiary Bank is in material violation of any applicable Laws; 

(M) No representation or warranty by Borrower or the Subsidiary Bank contained herein or in any certificate or other document furnished by
Borrower or the Subsidiary Bank pursuant hereto contains any untrue statement of material fact or omits to state a material fact necessary to make such representation or warranty not misleading in light of the circumstances under which it was made;

 (N) Each consent, approval or authorization of, or filing, registration or qualification with, any Person that is required to be obtained
or effected by Borrower or the Subsidiary Bank in connection with the execution and delivery of this Agreement, the Note, and the Collateral Documents, or the undertaking or performance of any obligation hereunder or thereunder, has been duly
obtained or effected; 
 (O) The Pledged Stock constitutes all of the issued and outstanding capital stock of the Subsidiary Bank. There are
no outstanding warrants, options, rights or other commitments (including, but without limitation, convertible notes or securities), entitling any Person to purchase or otherwise acquire any shares of capital stock of Borrower or the Subsidiary Bank.
The Pledged Stock does not constitute “Margin Stock” as defined in Federal Reserve Board Regulation U (12 C.F.R. §§ 221.1 et seq.); 

(P) Borrower has not made any agreement or taken any action which may cause anyone to become entitled to a commission or finder’s fee as
a result of the making of the Loan; 
 (Q) Borrower does not maintain any “Defined Benefit Pension Plans”, as defined in ERISA;
and 
 (R) The Subsidiary Bank’s retained earnings, as reported on Schedule RC of the Subsidiary Bank’s most recent quarterly Call
Report, were $24,160,000.00. 
 Section 5.02. Survival. All of the representations and warranties set forth in
Section 5.01 shall survive and shall remain true and correct until all Obligations are satisfied in full (except, if applicable, to the extent that any such representation or warranty expressly relates solely to an earlier date or period
of time). 

  
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 ARTICLE 6. THE BORROWER’S COVENANTS 

Borrower hereby covenants and agrees with Lender that, so long as any of the Obligations remain unsatisfied, it will comply with the following
covenants: 
 Section 6.01. Affirmative Covenants. 

Unless Lender shall otherwise agree in writing, Borrower shall abide by and perform the following covenants: 

(A) Immediately upon Lender’s initial advance of proceeds of the Loan, Borrower shall take all actions as are necessary (or shall cause
all such actions to be taken) to redeem all of the preferred stock of Borrower that is issued and outstanding under the TARP Capital Purchase Program of the United States Department of the Treasury. Borrower shall provide evidence satisfactory to
Lender that said shares have been redeemed. 
 (B) Borrower will use the proceeds of the Loan solely for the purposes described in
Section 2.03 of this Agreement, and for payment of expenses incurred by Lender in connection with making the Loan. Borrower will furnish Lender such evidence as it may reasonably require with respect to such use. 

(C) Borrower will furnish Lender all of the following: 

(1) with respect to Borrower only, quarterly, within sixty (60) days after the close of each calendar quarter, and at such
other times as Lender may request: 
 (a) (reserved); 

(b) an income statement of such entity for such quarter; and 

(c) a balance sheet (consolidated, in the case of an entity that has one or more Subsidiaries) of such entity as of the end of
such period; 
 all in reasonable detail, subject to year-end audit adjustments and certified by Borrower’s president or principal
financial officer to have been prepared in accordance with Generally Accepted Accounting Principles consistently applied, except for any inconsistencies explained in such certificate. 

(2) with respect to each of Borrower and the Subsidiary Bank, annually, within one hundred twenty (120) days after
December 31 of each year, beginning December 31, 2014: 
 (a) a statement of stockholders’ equity and a
statement of cash flows of such entity as of and for such fiscal year; 
 (b) an income statement of such entity for such
fiscal year; and 
 (c) a balance sheet (consolidated and on a parent-only basis, in the case of an entity that has one or
more Subsidiaries) of such entity as of the end of such fiscal year; 
 all in reasonable detail, including all supporting schedules and
comments, audited by an independent public accountant selected by Borrower and reasonably acceptable to 

  
 13 

 
Lender, and certified by such accountant to have been prepared in accordance with Generally Accepted Accounting Principles consistently applied, except for any inconsistencies explained in such
certificate. In addition, if requested by Lender, Borrower will obtain from such independent certified public accountants and deliver to Lender, within one hundred twenty (120) days after the close of each fiscal year, the independent certified
public accountants’ written statement that in making the examination necessary to their certification they have obtained no knowledge of any Default or Potential Default by Borrower or the Subsidiary Bank, or disclosed all Defaults or Potential
Defaults of which they have obtained knowledge; provided, however, that in making their examination such accountants shall not be required to go beyond the bounds of generally accepted auditing procedures for the purpose of certifying
financial statements. Lender shall have the right, from time to time, to discuss Borrower’s and the Subsidiary Bank’s affairs directly with Borrower’s and the Subsidiary Bank’s independent public accountants after notice to
Borrower and the Subsidiary Bank and upon opportunity for Borrower and the Subsidiary Bank to be present at any such discussions. 

(3) Contemporaneously with each quarterly and year-end financial report required by the foregoing paragraphs (1) and (2),
a certificate of the president or principal financial officer of Borrower and the Subsidiary Bank, in the form of Exhibit A, stating that he or she has individually reviewed the provisions of this Agreement and that a review of the activities
of Borrower and the Subsidiary Bank during such year or quarterly period, as the case may be, has been made by or under the supervision of the signer of such certificate with a view to determining whether Borrower and the Subsidiary Bank have kept,
observed, performed and fulfilled all their obligations under this Agreement, and that, to the best of his or her knowledge, Borrower and the Subsidiary Bank have observed and performed each and every undertaking contained in this Agreement and are
not at the time in default in the observance or performance of any of the terms and conditions hereof or, if Borrower or the Subsidiary Bank shall be so in default, specifying all such defaults and events of which he or she may have knowledge. 

(4) Promptly after receipt thereof: copies of all material reports and documents submitted to Borrower or the Subsidiary Bank
by any applicable regulatory authority (other than those which Borrower and the Subsidiary Bank are prohibited from disclosing under applicable Laws), and, simultaneously with the filing thereof, but in any event within forty-five (45) days of
the end of each calendar quarter, copies of all financial reports, including but not limited to quarterly Call Reports, filed by the Borrower and/or the Subsidiary Bank with any applicable regulatory authority. 

(5) Promptly after sending or making available or filing of the same, but in any event within fifteen (15) days after
issuance, copies of all reports, proxy statements and financial statements that Borrower or the Subsidiary Bank sends or makes available to the stockholders and all registration statements and reports, including, if applicable, but not limited to
8-Ks and 10-Qs that Borrower or the Subsidiary Bank files with the Securities and Exchange Commission or any successor Person. 

  
 14 

 (6) Immediately upon the occurrence thereof, notice of (i) any material
change in Borrower’s or the Subsidiary Bank’s financial condition or executive management, or (ii) any other change internally or externally that could materially affect the capital, earnings or financial condition of Borrower or the
Subsidiary Bank. 
 (7) Such other reports, financial information and other information as Lender may reasonably require.

 (D) Borrower will pay or cause to be paid when due all taxes, assessments and charges or levies imposed upon it or the Subsidiary Bank or
on any of its property or the Subsidiary Bank’s property or which it or the Subsidiary Bank is required to withhold and pay over, except where contested in good faith. by appropriate proceedings with adequate reserve therefor having been set
aside on Borrower’s or the Subsidiary Bank’s books, but Borrower shall pay or cause to be paid all such taxes, assessments, charges or levies forthwith whenever foreclosure on any lien that has attached (or any security therefor) appears
imminent. 
 (E) Borrower will, when requested so to do and unless prohibited by any federal, state and/or local Laws, make available for
inspection by duly authorized representatives of Lender any of its or the Subsidiary Bank’s Records, and will furnish Lender any information regarding its or the Subsidiary Bank’s business affairs and financial condition within a
reasonable time after written request therefor. 
 (F) Borrower will maintain, and will cause the Subsidiary Bank to maintain, liability
insurance, property insurance (including, without limitation, fire and extended coverage insurance on all assets owned by Borrower or the Subsidiary Bank, as applicable), and other types of insurance (including, without limitation, insurance
coverage on the directors and officers of Borrower and the Subsidiary Bank), all in such form and amounts as are consistent with industry practices and with such insurers as may be satisfactory to Lender. All such policies of insurance shall contain
a provision whereby they cannot be canceled except after not less than ten (10) days’ written notice to Lender. Borrower will furnish to Lender such evidence of insurance as Lender may require. Borrower hereby agrees that, in the event it
fails to pay or cause to be paid the premium on any such insurance, Lender may do so and shall be reimbursed by Borrower therefor, along with interest on the amount so paid at the Interest Rate (or default rate, if applicable). Borrower hereby
assigns to Lender any returned or unearned premiums that may be due Borrower upon cancellation of any such policies for any reason whatsoever and directs the insurers to pay Lender any amounts so due. Lender is hereby appointed Borrower’s
attorney-in-fact (without requiring Lender to act as such) to endorse any check which may be payable to Borrower to collect such returned or unearned premiums or the proceeds of such insurance, and any amount so collected may be applied by Lender
toward satisfaction of any of the Obligations. 
 (G) Borrower will take all necessary steps to preserve its and the Subsidiary Bank’s
corporate existence and comply with all present and future Laws applicable to it or the Subsidiary Bank in the operation of its or the Subsidiary Bank’s business, and all material leases, contracts and commitments of any kind to which it or the
Subsidiary Bank is subject. Borrower will cause the Subsidiary Bank to comply in all material respects with their respective obligations. 

  
 15 

 (H) Borrower will give prompt notice to Lender of: 

(1) any litigation or proceeding in which it or the Subsidiary Bank is a party if an adverse decision therein would require it
or the Subsidiary Bank to pay over more than $500,000.00 or deliver assets the value of which exceeds such sum (whether or not the claim is considered to be covered by insurance); and 

(2) the institution of any other suit or proceeding involving Borrower or the Subsidiary Bank that might materially and
adversely affect Borrower’s or the Subsidiary Bank’s operations, financial condition, property or business. 
 (I) Within ten
(10) days of Lender’s request therefor, Borrower will furnish Lender with copies of federal income tax returns filed by Borrower or the Subsidiary Bank. 

(J) Borrower will cause the Subsidiary Bank at all times to maintain (in accordance with Generally Accepted Accounting Principles): 

(1) a “well-capitalized” status in accordance with the regulations of the primary federal bank regulatory agency of
the Subsidiary Bank; 
 (2) a Tier 1 Leverage Ratio of greater than eight percent (8.00%); 

(3) a Non-Performing Assets Ratio of less than forty percent (40.00%); and 

(4) a Return on Assets Ratio of greater than three-tenths of one percent (0.30%). 

(K) Borrower will notify Lender promptly if it becomes aware of the occurrence of any Default or Potential Default, or the failure of Borrower
to observe any of its undertakings hereunder. 
 (L) Borrower will notify Lender thirty (30) days in advance of any change in the
location of any of its or the Subsidiary Bank’s places of business or of the establishment of any new, or the discontinuance of any existing, place of business. 

(M) Borrower shall (a) ensure that no Person which owns a controlling interest in or controls Borrower is or shall be listed on the
Specially Designated Nationals and Blocked Person List or other similar lists maintained by the Office of Foreign Assets Control (“OFAC”), the Department of the Treasury or included in any Executive Orders, (b) not use or permit the
use of any proceeds of the Loan to violate any of the foreign asset control regulations of OFAC or any enabling statute or Executive Order relating thereto, (c) comply with all applicable Bank Secrecy Act laws and regulations, as amended, and
(d) provide all information necessary for Lender to comply with the USA Patriot Act, as amended from time to time. 
 (N) Borrower will
maintain directly one hundred percent (100%) of the issued and outstanding capital stock of the Subsidiary Bank. 

  
 16 

 (O) Borrower will pay, or cause the Subsidiary Bank to pay, when due (or within applicable grace
periods) all Indebtedness due third Persons, except when the amount therefor is being contested in good faith by appropriate proceedings and with adequate reserves therefor being set aside on the books of Borrower or the Subsidiary Bank. If default
be made by Borrower or the Subsidiary Bank in the payment of any principal (or installment thereof) of, or interest on, any such Indebtedness, Lender shall have the right, in its discretion, to pay such interest or principal for the account of
Borrower or the Subsidiary Bank and be reimbursed by Borrower therefor, along with interest on the amount so paid at the Interest Rate (or default rate, if applicable). 

(P) Borrower shall cause the Subsidiary Bank to pay dividends to Borrower in an amount sufficient to fulfill its Obligations to repay the
Loan; provided, however, that if, on any date (the “Dividend Date”): 
 (1) the Subsidiary
Bank becomes unable (for any reason) to pay dividends in such amount to Borrower; and 
 (2) on the Dividend Date, Borrower
has sufficient cash on hand to make all principal and interest payments required under this Agreement for a period of at least two (2) years; and 

(3) throughout such two (2) year period, Borrower segregates such cash on hand from other cash of Borrower and uses such
cash on hand only to fulfill its Obligations to repay the Loan; 
 then Borrower shall not be deemed to have breached this covenant unless
(x) eighteen (18) months after the Dividend Date, the Subsidiary Bank remains unable to pay dividends to Borrower in an amount sufficient to fulfill its Obligations to repay the Loan, or (y) Lender, in its reasonable discretion and in
the exercise of good faith, believes that Borrower is or will become unable to fulfill Borrower’s Obligations to repay the Loan. 
 (Q)
Borrower shall immediately notify Lender (and in any event within two (2) business days) of any regulatory prohibition relative to the payment of dividends to Borrower. 

(R) Within thirty (30) days of the date hereof Borrower and the Subsidiary Bank shall establish deposit accounts with Lender and shall
maintain such deposit accounts with Lender throughout the term of the Loan. 
 Section 6.02. Negative Covenants. 

Unless Lender shall otherwise consent in writing, which consent shall not unreasonably be withheld, Borrower shall abide by the following
covenants: 
 (A) Neither Borrower nor the Subsidiary Bank will change its name, enter into any merger, consolidation, or reorganization,
reclassify its capital stock, or liquidate or dissolve; provided, however, the Subsidiary Bank may merge with a Person acquired by Borrower, as provided for in Section 6.02(H) of this Agreement, if the Subsidiary Bank is the surviving
entity in the merger and the Pledged Stock continues to be one hundred percent (100%) of the issued and outstanding capital stock of the Subsidiary Bank. 

  
 17 

 (B) Neither Borrower nor the Subsidiary Bank will sell, transfer, lease or otherwise dispose of
all or any material part of its assets, nor sell any item of Collateral, including but without limitation with respect to Borrower, any of the capital stock of the Subsidiary Bank. Further, neither Borrower nor the Subsidiary Bank will purchase any
material part of the assets of another Person, except pursuant to a transaction by the Subsidiary Bank in the ordinary course of business. 

(C) Borrower will not mortgage, pledge, grant or permit to exist a security interest in or lien upon any item of Collateral, including, but
without limitation any of the capital stock of the Subsidiary Bank, now owned or hereafter acquired. 
 (D) Neither Borrower nor the
Subsidiary Bank will become liable, directly or indirectly, as guarantor or otherwise for any obligation of any Person, except for the endorsement of commercial paper for deposit or collection in the ordinary course of business. 

(E) The Borrower (whether acting in its individual capacity or as a joint venture partner) will not incur, create, assume, or permit to exist
any Indebtedness except: 
 (1) the Loan; 

(2) Indebtedness described in the April 30, 2014, financial statements of Borrower; 

(3) trade indebtedness incurred in the ordinary course of business; 

(4) contingent Indebtedness permitted by Section 6.02(D); and 

(5) other Indebtedness incurred by Borrower not to exceed $1,000,000.00 in the aggregate. 

Without limiting the foregoing, the Subsidiary Bank shall not issue commercial paper, subordinated debt or any similar debt instrument, and the Subsidiary
Bank shall not obtain any non-traditional funding, without Lender’s prior written consent; provided, however, such consent shall not be required for the Subsidiary Bank to introduce and implement new deposit products for its
customers. 
 (F) Borrower will not amend, nor cause the Subsidiary Bank to amend, its articles of incorporation or bylaws, or alter,
through agreement or otherwise, any voting rights or rights to elect or appoint directors. 
 (G) Borrower will not declare or pay any
dividends, or make any other payment or distribution on account of its capital stock, except that so long as no Default or Potential Default shall have occurred and be continuing, (i) Borrower may pay dividends to its shareholders not to exceed
the amount of income taxes payable by such shareholders attributable to Borrower’s income; and (ii) Borrower may pay dividends to its shareholders in amounts consistent with its past practices. 

  
 18 

 (H) Neither Borrower nor the Subsidiary Bank will form any new Subsidiary, or make any
acquisition of, or make any investment in, or make any loan in the nature of an investment to, any Person, except investments in or loans to the Subsidiary Bank by Borrower; provided, however, with prior written notice to Lender,
Borrower may acquire retail and commercial banks with no greater than $200,000,000.00 in total assets, similar to Borrower’s current business strategy, with primary operations in Kansas, Missouri, or Oklahoma. For the avoidance of doubt, this
Section 6.02 (H) shall not prohibit the Subsidiary Bank from making loans in its ordinary course of business, or loans that otherwise are considered customary in the commercial banking industry. 

(I) Borrower will not furnish Lender any certificate or other document that will knowingly contain any untrue statement of material fact or
that will knowingly omit to state a material fact necessary to make it not misleading in light of the circumstances under which it was furnished. 

(J) Borrower will not directly or indirectly apply any part of the proceeds of the Loan to the purchasing or carrying of any “margin
stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, or any regulations, interpretations or rulings thereunder. 

(K) Borrower will not enter into any transaction with any Affiliate including, without limitation, the purchase, sale or exchange of property
or the rendering of any service, except in the ordinary course of business and pursuant to the reasonable requirements of Borrower’s business and upon terms found by its board of directors to be fair and reasonable and no less favorable to
Borrower than would obtain in a comparable arm’s-length transaction with a Person not an Affiliate. 
 (L) Neither Borrower nor
Subsidiary Bank shall establish any “Defined Benefit Pension Plan” as defined in ERISA. 
 ARTICLE 7. DEFAULT 

Section 7.01. Events of Default. The occurrence of any one or more of the following events shall constitute a Default hereunder:

 (A) Borrower shall fail to pay when due any installment of principal or interest or fee payable hereunder or under the Note, or any of
Borrower’s other Obligations to Lender. 
 (B) Borrower shall fail to observe or perform any other obligation to be observed or
performed by it hereunder or under the Note, or any of the Collateral Documents and such failure shall continue for ten (10) days after Lender gives notice of such failure to Borrower, or Borrower otherwise becomes aware of such failure. 

(C) Borrower or the Subsidiary Bank shall fail to pay any Indebtedness in excess of $100,000.00 due any third Persons and such failure shall
continue beyond any applicable grace period, unless any such failure is being contested in good faith by appropriate proceedings with adequate reserve therefor being set aside on Borrower’s or the Subsidiary Bank’s books. 

  
 19 

 (D) Any financial statement, Call Report, representation, warranty or certificate made or
furnished by Borrower or the Subsidiary Bank to Lender in connection with this Agreement, or as an inducement to Lender to enter into this Agreement, or in any separate statement or document to be delivered hereunder to Lender, shall be materially
false, incorrect, or incomplete when made. 
 (E) Borrower shall admit its inability to pay its debts as they mature, or shall make an
assignment for the benefit of its or any of its creditors. 
 (F) Proceedings in bankruptcy, or for reorganization of Borrower or the
Subsidiary Bank or for the readjustment of any of its debts, under the Bankruptcy Code, as amended, or any part thereof, or under any other Laws, whether state or federal, for the relief of debtors, now or hereafter existing, (i) shall be
commenced against Borrower or the Subsidiary Bank and shall not be discharged within thirty (30) days after their commencement, or (ii) shall be commenced by Borrower or the Subsidiary Bank. 

(G) Any proceedings shall be instituted for the appointment of a receiver or trustee for Borrower or the Subsidiary Bank or for any
substantial part of their respective assets, or any proceedings shall be instituted for the dissolution of or the full or partial liquidation of Borrower or the Subsidiary Bank, or Borrower or the Subsidiary Bank shall discontinue its business or
materially change the nature of its business. 
 (H) Borrower or the Subsidiary Bank shall suffer final judgments for payment of money
aggregating in excess of $500,000.00 and shall not discharge the same within a period of thirty (30) days unless, pending further proceedings, execution has been effectively stayed. 

(I) A judgment creditor of Borrower shall obtain possession of any of the Collateral by any means, including, but without limitation, levy,
distraint, replevin or self-help. 
 (J) The validity or enforceability of this Agreement, the Note or the Collateral Documents shall be
contested by Borrower, the Subsidiary Bank, or any shareholder of Borrower, or the Borrower shall deny that it has any or further liability or Obligation hereunder or thereunder. 

(K) Borrower or the Subsidiary Bank shall fail to maintain all regulatory licenses and permits necessary to the conduct of their respective
business. 
 (L) If any of Borrower’s or the Subsidiary Bank’s banking regulators (i) enter into or issue a cease and desist
order, consent order, written agreement or similar agreement with or against Borrower or the Subsidiary Bank, (ii) require Borrower or the Subsidiary Bank to enter into a memorandum of understanding, letter agreement or other similar written
undertaking, or (iii) take such other action that explicitly states that Borrower or the Subsidiary Bank has acted in an unsafe or unsound manner. 

  
 20 

 (M) Borrower ceases to own one hundred percent (100%) of the issued and outstanding capital
stock of the Subsidiary Bank. 
 (N) The Persons who collectively own and control (either directly or indirectly) one hundred percent
(100%) of the voting capital stock of Borrower as of the beginning of any month cease to own or control at least seventy-five percent (75%) of the voting capital stock of Borrower at the end of such month. Notwithstanding the foregoing,
Borrower may undertake an initial public offering (“IPO”) under the following conditions: (1) the Persons who collectively own and control (either directly or indirectly) one hundred percent (100%) of the voting capital
stock of Borrower prior to the IPO continue to own and control at least fifty-one percent (51%) of the voting capital stock of Borrower after the IPO and retain such ownership until the Loan is repaid, and (2) the proceeds of the IPO are
used solely for (a) the standard operations of Borrower’s or the Subsidiary Bank’s business as currently conducted and as evidenced by the historical track record to date, (b) the redemption of existing Series C Preferred
Stock-Small Business Lending Fund (as currently shown on Borrower’s balance sheet), or (c) the acquisition of retail and commercial banks no greater than $200,000,000.00 in total assets, similar to Borrower’s current business
strategy, with primary operations in Kansas, Missouri, or Oklahoma. 
 (O) For any reason, either the Chief Executive Officer or President
of Borrower or the Subsidiary Bank resigns, is terminated from or otherwise leaves such position, and within one hundred and fifty (150) days after such resignation, termination or other departure, Borrower or the Subsidiary Bank (as
applicable) has not appointed an acceptable successor to such position, as determined by Lender in its reasonable discretion. Notwithstanding the foregoing: (i) the death or bona fide medical disability of a Person then serving as the Chief
Executive Officer or President of Borrower or the Subsidiary Bank shall not, in and of itself, give rise to a Default under this Section 7.01(O), and (ii) if after a Default under this Section 7.01(O), Lender does not
exercise its right of acceleration under Section 7.02 before the one hundred eighty-first (181st) day after the applicable resignation, termination or other departure, then Lender shall be deemed to have waived such Default. 

(P) Lender, in the exercise of good faith, shall deem itself to be insecure with respect to Borrower’s ability to pay the Obligations as
and when due or to comply with and perform any of the covenants, agreements, or obligations of Borrower under this Agreement, the Note, or the Collateral Documents. 

Section 7.02. Acceleration. If a Default shall have occurred and be continuing, then, at the option of Lender (which option shall
be deemed to have been exercised, even if no notice is given, immediately upon the occurrence of a Default specified in Sections 7.01(E), (F) or (G)), Lender may terminate all commitments to lend hereunder and may
declare, by written notice to Borrower, that all Obligations, whether hereunder or otherwise, are immediately due and payable. 

Section 7.03. Remedies. If a Default shall have occurred and be continuing, then whether or not acceleration occurs under
Section 7.02, Lender shall have, in addition to the rights and remedies given it by this Agreement and the Collateral Documents, all those allowed by all applicable Laws, including, but without limitation, the Uniform Commercial Code as
enacted in 

  
 21 

 
any jurisdiction in which any Collateral may be located. Without limiting the generality of the foregoing, Lender may immediately, without demand of performance and without other notice or demand
whatsoever to Borrower or the Subsidiary Bank, all of which are hereby expressly waived (except as specifically required by this Agreement or the Collateral Documents, or as required by applicable Laws), and without advertisement, sell at public or
private sale or otherwise realize upon, the whole or, from time to time, any part of the Collateral, or any interest which Borrower or the Subsidiary Bank may have therein. After deducting from the proceeds of sale or other disposition of the
Collateral all expenses (including all reasonable expenses for legal services), Lender shall apply such proceeds toward the satisfaction of the Obligations. Borrower shall be liable for any deficiency, and any remainder of the proceeds after
satisfaction in full of the Obligations shall be distributed as required by applicable Laws. Notice of any sale or other disposition shall be given to Borrower (and/or to the Subsidiary Bank, if required under applicable Laws) at least five
(5) days before the time of any intended public sale or of the time after which any intended private sale or other disposition of the Collateral is to be made, which Borrower hereby agrees shall be reasonable notice of such sale or other
disposition. Borrower agrees to assemble, or to cause to be assembled, at its own expense, the Collateral at such place or places as Lender shall designate. At any such sale or other disposition, Lender may, to the extent permissible under
applicable Laws, purchase the whole or any part of the Collateral, free from any right of redemption on the part of Borrower or the Subsidiary Bank, which right is hereby waived and released. Without limiting the generality of any of the rights and
remedies conferred upon Lender under this section, Lender may, to the full extent permitted by applicable Laws, at Lender’s option, use, operate, manage and control the Collateral in any lawful manner. 

ARTICLE 8. MISCELLANEOUS 

Section 8.01. Construction. The provisions of this Agreement shall be in addition to those of any guaranty, pledge or security
agreement, note or other evidence of liability held by Lender, all of which shall be construed as complementary to each other. Nothing herein contained shall prevent Lender from enforcing any or all other notes, guaranty, pledge or security
agreements in accordance with their respective terms. 
 Section 8.02. Further Assurance. From time to time, Borrower will, or
will cause the Subsidiary Bank to, execute and deliver to Lender such additional documents and will provide such additional information as Lender may reasonably require to carry out the terms of this Agreement and be informed of Borrower’s
and/or the Subsidiary Bank’s status and affairs. 
 Section 8.03. Enforcement and Waiver by Lender. Lender shall have the
right at all times to enforce the provisions of this Agreement and the Collateral Documents in strict accordance with the terms hereof and thereof, notwithstanding any conduct or custom on the part of Lender in refraining from so doing at any time
or times. The failure of Lender at any time or times to enforce its rights under such provisions, strictly in accordance with the same, shall not be construed as having created a custom in any way or manner contrary to specific provisions of this
Agreement or as having in any way or manner modified or waived the same. All rights and remedies of Lender are cumulative and concurrent and the exercise of one right or remedy shall not be deemed a waiver or release of any other right or remedy.

  
 22 

 Section 8.04. Expenses of Lender. Borrower will, on demand, reimburse Lender for all
expenses, including the reasonable fees and expenses of legal counsel for Lender, incurred in connection with the preparation, administration, amendment, modification or enforcement of this Agreement and the Collateral Documents and the collection
or attempted collection of the Note. 
 Section 8.05. Notices. Any notice or other communication required or permitted to be
given by this Agreement, the Note, the Collateral Documents or any related document, or by applicable Laws, shall be in writing and shall be deemed received (a) on the date delivered, if sent by hand delivery (to the person or department if one
is specified below) with receipt acknowledged by the recipient thereof, (b) three (3) business days following the date deposited in U.S. mail, certified or registered, with return receipt requested, or (c) one (1) business day
following the date deposited with Federal Express or other national overnight carrier, and in each case addressed as follows: 
 (A) If to
Borrower: 
 Brad S. Elliott, Chief Executive Officer 

Greg Kossover, Chief Financial Officer Equity Bancshares, Inc. 

7701 E. Kellogg Ave., Suite 200 

Wichita, KS 67207 
 With a copy
to: 
 Michael G. Keeley 

Hunton & Williams LLP 

Fountain Place 
 1445 Ross
Avenue, #3700 
 Dallas, TX 75202-2799 

(B) If to Lender: 
 Henry
Abbott, Senior Vice President 
 ServisFirst Bank 

850 Shades Creek Parkway, Suite 200 

Birmingham, Alabama 35209 
 With
a copy to: 
 Charles R Moore, III 

Bradley Arant Boult Cummings LLP 

One Federal Place 
 1819 5th
Avenue North 
 Birmingham, Alabama 35203 

Section 8.06. Waiver; Release and Indemnity by Borrower. To the maximum extent permitted by applicable Laws, Borrower: 

(A) Waives (1) protest with respect to all Indebtedness at any time held by Lender on which Borrower is in any way liable; and
(2) notice and opportunity to be heard before exercise by Lender of the remedies of set-off or other summary procedures permitted by any applicable Laws or by any agreement with Borrower, and except where required hereby or by any applicable
Laws, notice of any other action taken by Lender; and 

  
 23 

 (B) Releases Lender and its officers, directors, agents, attorneys and employees from all claims
for loss or damage caused by any act or omission on the part of any of them except gross negligence or willful misconduct; and 
 (C)
Indemnifies Lender and its officers, directors, agents, attorneys and employees against, and agrees to hold Lender and all of such other persons harmless from, any claims, demands, liabilities, costs, damages, and judgments (including, without
limitation, liability under CERCLA, and costs of defense and attorneys’ fees) arising directly or indirectly out of or in connection with any matter involving the Loan, this Agreement, the Note, the Collateral Documents, any related documents,
or any of the other matters and transactions contemplated herein or therein, except where such claims, demands, liabilities, costs, damages and judgments arise out of the gross negligence or willful misconduct of Lender. This agreement of indemnity
shall be a continuing agreement and shall survive payment of the Loan, the Note and termination of this Agreement. 
 Section 8.07.
Participation. Notwithstanding any other provision in this Agreement, Borrower understands and agrees that Lender may enter into participation agreements with participating banks whereby Lender will allocate to them certain percentages of
Lender’s interest in the Loan. Borrower acknowledges that, for the convenience of all parties, this Agreement is being entered into with Lender only and that its obligations under this Agreement are undertaken for the benefit of, and as an
inducement to each of any such participating banks as well as Lender, and Borrower hereby grants to each such participating bank, to the extent of its participation in the Loan(s), the right to set off deposit accounts maintained by Borrower with
such bank. 
 Section 8.08. Applicable Law; Jurisdiction and Venue. The substantive Laws of the United States and the State of
Alabama shall govern the construction of this Agreement and the documents executed and delivered pursuant hereto, and the rights and remedies of the parties hereto and thereto. Borrower hereby consents to the jurisdiction of the State of Alabama;
and agrees that venue for any dispute relating to or arising out of the transaction contemplated by this Agreement shall lie exclusively in an appropriate state or federal court located in Jefferson County, Alabama. 

Section 8.09. Binding Effect, Assignment and Entire Agreement. This Agreement shall inure to the benefit of, and shall be binding
upon, the respective successors and permitted assigns of the parties hereto. Borrower has no right to assign any of its rights or obligations hereunder without the prior written consent of Lender. Lender may freely assign the Loan, in whole or in
part. This Agreement and the documents executed and delivered pursuant hereto, constitute the entire agreement between the parties, and may be amended only by a writing signed on behalf of each party. 

  
 24 

 Section 8.10. Severability. If any provision of this Agreement shall be held invalid
under any applicable Laws, such invalidity shall not affect any other provision of this Agreement that can be given effect without the invalid provision, and, to this end, the provisions hereof are severable. 

Section 8.11. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an
original, but all of which together shall constitute but one and the same instrument. 
 Section 8.12. Extension and Renewal.
The Loan may, in the sole and absolute discretion of Lender, be renewed or extended beyond the Maturity Date by notice given by Lender to Borrower. Any such renewal or extension shall be upon the terms and subject to the conditions stated in such
notice. In the absence of such extension or renewal, the obligations of Lender hereunder with respect to the Loan shall terminate on the Maturity Date. 

Section 8.13. Seal. This Agreement is intended to take effect as an instrument under seal. 

Section 8.14. No Third Party Beneficiaries, Etc. Monitoring, inspections and review of financial information by Lender may not be
relied upon by Borrower or any other Person and shall be for the sole benefit of Lender. Further, there are no third party beneficiaries of this Agreement or any documents related hereto, and no person or entity other than Lender and Borrower shall
be entitled to rely hereon or thereon or benefit herefrom or therefrom. 
 Section 8.15. Waiver of Trial by Jury. EACH OF THE
BORROWER AND THE LENDER HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY ON ANY CLAIM, COUNTERCLAIM, SETOFF, DEMAND, ACTION OR CAUSE OF ACTION (a) ARISING OUT OF OR IN ANY WAY PERTAINING OR RELATING TO THIS AGREEMENT, THE NOTE, THE COLLATERAL
DOCUMENTS, OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION WITH THIS AGREEMENT OR (b) IN ANY WAY CONNECTED WITH OR PERTAINING OR RELATED TO OR INCIDENTAL TO ANY DEALINGS OF THE PARTIES HERETO WITH RESPECT TO
THIS AGREEMENT, THE NOTE, THE COLLATERAL DOCUMENTS, OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION THEREWITH OR IN CONNECTION WITH THE TRANSACTIONS RELATED THERETO OR CONTEMPLATED THEREUNDER, IN ALL OF THE
FOREGOING CASES WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE. THE BORROWER AND THE LENDER AGREE THAT EITHER OR BOTH OF THEM MAY FILE A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE
KNOWING, VOLUNTARY AND BARGAINED AGREEMENT BETWEEN THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY, AND THAT ANY DISPUTE OR CONTROVERSY WHATSOEVER BETWEEN THEM SHALL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A
JURY. 
 [Signatures on following page] 

  
 25 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

			
	BORROWER:
	
	EQUITY BANCSHARES, INC.
		
	By:	 	 /s/    Gregory H.
Kossover        

	Name:	 	 Gregory H. Kossover

	Its:	 	 Chief Financial Officer

	
	LENDER:
	
	SERVISFIRST BANK
		
	By:	 	 /s/    Henry
Abbot        

	Name:	 	 Henry Abbot

	Its:	 	 Senior Vice President

 (Acknowledgements on following page] 

  
 Signature Page for Loan
and Security Agreement 

 EXHIBIT A TO 

LOAN AND SECURITY AGREEMENT 

BORROWER’S COMPLIANCE CERTIFICATE 

ServisFirst Bank 
 850 Shades Creek Parkway, Suite 200 

Birmingham, Alabama 35209 
 Attention: Henry Abbott, Senior Vice
President 
 Gentlemen: 
 In connection with
the foregoing, the officer executing this certificate on behalf of Borrower and the Subsidiary Bank certifies as follows: 
 a) I am familiar with the terms
and conditions of the Loan and Security Agreement (the “Loan Agreement”) dated             , 2014, between Borrower and Lender. I have individually reviewed the provisions of the
Loan Agreement, and a review of the activities of Borrower and the Subsidiary Bank from             , 20    , until
            , 20    , has been made under my supervision with the view of determining whether Borrower and the Subsidiary Bank have kept, observed, performed and
fulfilled all their obligations under the Loan Agreement. 
 b) The financial covenants for the Subsidiary Bank set forth in Section 6.01(1) of
the Agreement are set forth below, together with the status or calculation thereof for the above-referenced period: 
  

					
	 	  	Required	  	As of Reporting Date
			
	(1) Status	  	“well capitalized”	  	  

			
	(2) Tier 1 Leverage Ratio	  	> 8.00%	  	  

			
	(3) Non-Performing Assets Ratio	  	< 40.00%	  	  

			
	(4) Return on Assets Ratio	  	> 0.30%	  	  

 c) Borrower and the Subsidiary Bank: have observed and performed each and every undertaking contained in the Loan Agreement
and are not at this time in default in the observance or performance of any of the terms and conditions thereof except as provided for on the attached schedule. I hereby certify that no Default or Potential Default exists as of the date hereof. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned have caused this certificate to be executed by their duly
authorized representatives on the dates set forth below. 
  

			
	EQUITY BANCSHARES, INC.
		
	By:	 	  

	Name:	 	  

	Its:	 	  

		
	Date:	 	  

	
	SERVISFIRST BANK
		
	By:	 	  

	Name:	 	  

	Its:	 	  

		
	Date:	 	  

  
 Signature Page for Loan
and Security Agreement 

 COMPLIANCE CERTIFICATE SCHEDULE OF DEFAULTS 

A. Nature of Default(s) or Potential Default(s): 
 B. Steps
Borrower proposes to cure Default(s) or Potential Default(s): 

 EXHIBIT B TO 

LOAN AND SECURITY AGREEMENT 

STATES QUALIFIED, PRINCIPAL PLACES OF BUSINESS 
  

					
	 Entity
	 	 State(s) Qualified
	 	 Principal Place of Business

			
	Equity Bancshares, Inc	 	Kansas	 	7701 E. Kellogg Ave.
Wichita, Kansas 67207
			
	Equity Bank	 	Kansas	 	7701 E. Kellogg Ave.
Wichita, Kansas 67207

 NAME CHANGES AND MERGERS WITHIN FIVE YEARS AND ONE MONTH 

Borrower: 
 No name changes. 

2012 merger with First Community Bancshares. 
 Subsidiary
Bank: 
 No name changes. 
 2012 merger with First
Community Bank. 2012 merger with Signature Bank. 
 2012 merger with The Citizens National Bank of Chillicothe. 

 SCHEDULE 1 TO 

LOAN AND SECURITY AGREEMENT 

PENDING LITIGATION 
 Lawsuit by U.S. Bank
against Equity Bank and countersuit by Equity Bank against U.S. Bank as described in Note 24 – Legal Matters in the Equity Bancshares Notes to Consolidated Financial Statements December 31, 2013 and 2012, information about which has
separately been provided to Lender.EX-10.8

 Exhibit 10.8 

STOCK PURCHASE AGREEMENT 

This STOCK PURCHASE AGREEMENT (the “Agreement”), dated as of October 7, 2010, is made among EQUITY BANCSHARES, INC., a Kansas
business corporation (the “Corporation”) with its chief executive offices at Suite 200, 7701 Kellogg Drive, Wichita, KS 67207, and Belfer Investment Partners, L.P. (“Belfer”) and LIME Partners LLC (“Lime”), each with
its chief executive offices at 767 Fifth Avenue, New York, New York 10153 (Belfer and Lime are sometimes referred to herein individually and collectively as the “Purchaser”). 

Background: 
 A. The
Corporation is registered as a bank holding company under the provisions of the Bank Holding Company Act of 1954, as amended (the “BHC Act”). Its sole bank subsidiaries are Equity Bank, National Association (“Equity Bank”) and
Signature Bank KC (“Signature Bank”) (individually a “Bank” and collectively, the “Banks”), an FDIC-insured, Kansas chartered commercial bank that is not a member of the Federal Reserve System and is wholly owned by the
Corporation. 
 B. The Corporation intends to provide for the issuance and sale by the Corporation of not less than $20,000,000 in the
“Class A Common Stock” (as defined below) and Class B Common Stock (as defined below) of the Corporation at $10.00 per share, for a total of not less than 2,000,000 shares, including, the purchase by the Purchaser from the
Corporation, of the “Purchased Shares” referred to below, in a limited offering eligible for exemption from registration under the Securities Act of 1933, as amended (the “1933 Act”) pursuant to Rule 506 of Regulation D of
the Securities and Exchange Commission (“SEC”) (the “Offering”). The Corporation wishes to sell to Purchaser, who wishes to purchase, the “Purchased Shares” defined below. 

C. Contemporaneously with the execution and delivery of this Agreement, in consideration of Purchaser’s agreements in this
Agreement, the Corporation is entering into a Registration Rights Agreement for the benefit of Purchaser, substantially in the form attached as Exhibit A hereto (the “Registration Rights Agreement”), pursuant to which the
Corporation agrees to provide certain registration rights with respect to the Purchased Shares under the 1933 Act and applicable state securities laws, and a Management Rights Agreement in the form attached as Exhibit B hereto
(the “Management Rights Agreement”), each of which is a material inducement to Purchaser to enter into this Agreement. 

NOW, THEREFORE, intending to be legally bound hereby, and in consideration of the mutual benefits of this Agreement and other good and
valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
  

	 	1.	AUTHORIZATION; SALE AND PURCHASE OF SHARES 

 1.1 Authorization and Reservation of Shares.
The Corporation has duly authorized the issuance and sale, and reserved for issuance to Purchaser, of not less than an aggregate of 209,720 newly issued shares of the Corporation’s Class A Voting Common Stock as designated in the
Corporation’s Articles of Incorporation, as amended (the “Articles”), par value $0.01 per share (the “Class A Common Stock”). 

1.2 Sale and Purchase of Shares. Subject to the terms and conditions herein provided, the Corporation hereby agrees to sell to the
Purchaser, and the Purchaser, agrees to purchase from the Corporation that number of shares of Class A Common Stock as shall equal the lesser of (i) 209,720 shares, or (ii) 5.0% of the Corporation’s Class A Common Stock
outstanding immediately after such purchase, at a purchase price of $10.00 per share, which shall not exceed in the aggregate $2,097,200 (the “Purchase Price”). Under paragraphs (a) and (b) of this Section, the relevant
percentage of outstanding shares shall be calculated using the “CIBC Methodology” described in Section 1.3. 
 1.3
Calculation of Percentage Ownership. In determining the number of shares of Class A Common Stock that shall equal the designated percentages of outstanding shares of Class A Common Stock for purposes of Section 1.2, each
percentage shall be the equivalent of a fraction for which (i) the numerator shall equal the aggregate number of shares of Class A Common Stock owned or being acquired by Purchaser at the time of

 
reference (taking into account any purchase by Purchaser then being completed); and (ii) the denominator shall equal the sum of (A) the number of shares of Class A Common Stock of
the Corporation that are or will be outstanding at the time of reference (taking into account any purchase by Purchaser and any other investors then being completed). This shall be referred to as the “CIBC Percentage.” 

1.4 Allocation of Purchased Shares Between Purchasers. The Purchased Shares shall be allocated as follows: Belfer 125,830 and Lime
83,890. 
  

	 	2.	CLOSINGS. 

 2.1 Time and Place of the Closing. Subject to Section 3 hereof, payment
of the Purchase Price for and delivery of the Purchased Shares, which are mutually conditional (together, the “Closing”) shall be made at the offices of the Corporation, or at such other place or in such other manner as may be agreed upon
by the Corporation and the Purchaser, on or before October 15, 2010, subject to (A) the satisfaction of the conditions to Closing set forth in Section 3 hereof or (B) the receipt of the last regulatory approval of any
Governmental Authority (as defined below) for the Purchaser to acquire the Purchased Shares, if required, and the expiration of any related statutory waiting period, or on such date and time as the Purchaser and the Corporation shall mutually agree
(each such date and time of payment and delivery being herein called the (“Closing Date”). 
 2.2 Delivery of and Payment for
the Purchased Shares. At the Closing, the Corporation shall issue in certificated form to and in the name of the Purchaser the Purchased Shares to be purchased by it, dated the Closing Date and bearing appropriate legends as hereinafter provided
for, and registered on the books and records of the Corporation in the Purchaser’s name, against payment in full at the Closing of the aggregate Purchase Price therefore by wire transfer of immediately available funds for credit to such account
as the Corporation shall direct. 
  

	 	3.	CONDITIONS TO CLOSING 

 3.1 Conditions to the Purchaser’s Obligations. The
obligations of the Purchaser hereunder are subject to the accuracy, as of the date hereof and on the Closing Date, of the representations and warranties of the Corporation contained herein, and to the performance by the Corporation of its
obligations hereunder and to each of the following additional terms and conditions (or waiver thereof by the Purchaser): 
 (a) The
Corporation shall have furnished to the Purchaser a certificate, dated the Closing Date, executed on behalf of the Corporation by each of the Chairman and Chief Executive Officer and the Chief Financial Officer of the Corporation, stating that: 

(i) The representations, warranties and agreements of the Corporation in Section 4.1 hereof are true and correct as of the Closing Date
and the Corporation has complied with all its agreements contained herein and the Corporation shall have performed, satisfied and complied with all covenants, agreements and conditions required by this Agreement, the schedules and exhibits attached
hereto, the Registration Rights Agreement and any other documents or agreements executed in connection with the transactions contemplated hereunder (collectively, the “Transaction Documents”) to be performed, satisfied or complied with by
it at or prior to the Closing; 
 (ii) Such officers have examined the Financial Statements (as defined in Section 4.1(e) hereof) and,
in their opinion, (except to the extent superseded by statements in later-prepared documents comprising part of the Financial Statements and delivered to Purchaser), as of the Closing Date, the Financial Statements do not contain any untrue
statement of a material fact nor omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, with respect to the respective
periods covered by such Financial Statements; and 
 (iii) From the date hereof to the Closing Date, there has not been any event or series
of events, change, occurrence or development or a state of circumstances or facts (including any events, changes, occurrences, developments, state of circumstances or facts existing prior to the date hereof but which become known

  
 - 2 - 

 
during such period) that, individually or in the aggregate, has had, or would reasonably be expected to have, a “Material Adverse Effect” (for purposes of this Agreement, “Material
Adverse Effect means a material adverse effect on (i) the business, results of operation or financial condition of the Corporation and its Subsidiaries taken as a whole; provided, however, that Corporation Material Adverse Effect shall not be
deemed to include the effects of (A) changes after the date of this Agreement (the “Signing Date”) in general business, economic or market conditions (including changes generally in prevailing interest rates, credit availability and
liquidity, currency exchange rates and price levels or trading volumes in the United States or foreign securities or credit markets), or any outbreak or escalation of hostilities, declared or undeclared acts of war or terrorism, in each case
generally affecting the industries in which the Corporation and its subsidiaries operate, (B) changes or proposed changes after the Signing Date in generally accepted accounting principles in the United States (“GAAP”) or regulatory
accounting requirements, or authoritative interpretations thereof, or (C) changes or proposed changes after the Signing Date in securities, banking and other laws of general applicability or related policies or interpretations of Governmental
Authority (in the case of each of these clauses (A), (B) and (C), other than changes or occurrences to the extent that such changes or occurrences have or would reasonably be expected to have a materially disproportionate adverse effect on the
Corporation and its Subsidiaries taken as a whole relative to comparable U.S. banking or financial services organizations); or (ii) the ability of the Corporation to consummate the Transactions and perform its obligations hereunder on a timely
basis. 
 (b) The Corporation shall have delivered a certificate of the Secretary of the Corporation, dated as of the Closing Date,
(i) certifying the resolutions adopted by the Board of Directors of the Corporation or a duly authorized committee thereof approving the transactions contemplated by this Agreement and the issuance of the Purchased Shares, (ii) certifying
the current version of the bylaws, as amended, of the Corporation and (iii) certifying as to the signatures and authority of persons signing this Agreement and related documents on behalf of the Corporation. 

(c) The Corporation shall have delivered (i) a certificate evidencing the good standing, and (ii) a certified copy of all charter
documents of record, in both cases (i) and (ii) above for each of the Corporation, Bank and any other “Subsidiaries” (as hereinafter defined) in its respective jurisdiction of formation, and due qualification as a foreign
organization authorized to do business in any other jurisdiction in which it maintains any offices, issued by the Secretary of State (or comparable office) of such jurisdiction, as of a date within five (5) business days prior to the Closing
Date. 
 (d) The Corporation shall have caused the issuance and delivery to Purchaser of certificates from (i) the Federal Deposit
Insurance Corporation (the “FDIC”) confirming that each Bank’s deposits are currently insured by the FDIC, (ii) the Board of Governors of the Federal Reserve System (the “Federal Reserve”), certifying that Corporation
is a registered bank holding company, (iii) the Office of the Comptroller of the Currency (“OCC”) that Equity Bank is a national banking association, and (iv) the Kansas state bank regulatory agency (the “Department”)
certifying that Signature Bank is duly authorized as a commercial bank under Kansas Law. 
 (e) Any authorizations, consents, commitments,
agreements, orders or approvals or confirmation of nonobjection of, or declarations, notifications or filings with, or expirations of waiting periods imposed by, any federal, state or local court or governmental or regulatory agency or authority or
applicable stock exchange or trading market, including without limitation the Federal Reserve, the FDIC, the Department or any state securities regulator (any such court, agency, authority, exchange or market, a “Governmental Authority”)
required to be obtained by the Corporation or the Purchaser for the consummation of the Transactions, as defined herein (the foregoing are sometimes referred to herein as a “Required Approval” and collectively as “Required
Approvals”), shall have been obtained or filed or shall have occurred (as applicable) and, as to any order or orders, any such orders shall have become final, non-appealable, and neither Purchaser nor Corporation shall have received written
notice from or otherwise been notified by a Governmental Authority that it will not grant a Required Approval. At Purchaser’s sole option, no Required Approval shall (i) impose any condition or requirement that would reasonably be expected
to be materially burdensome to the Purchaser (including without limitation any that, in Purchaser’s reasonable judgment, could impose material constraints or restrictions on the Purchaser’s current business or investments), or
(ii) impose any restraint or condition on any limited partner of the Purchaser (including a requirement to file any application or notice under the BHC Act, the Change in Bank Control Act or any other federal or state banking law) (the
foregoing, if identified by Purchaser, using its reasonable good faith judgment, by 

  
 - 3 - 

 
written notice to Corporation as “Burdensome Conditions,” are sometimes referred to herein individually as a “Burdensome Condition and collectively as “Burdensome
Conditions”). For purposes of this Agreement, the imposition of a Burdensome Condition in connection with a Required Approval shall constitute a denial of such Required Approval and the Required Approval shall be deemed not received for all
purposes in this Agreement, including but not limited to Section 6.15(b). The condition set forth in this subsection is sometimes referred to in this Agreement as the “Approval Condition.” 

(f) As a condition precedent to Purchaser purchasing the Purchased Shares, Purchaser shall have received, to the extent required by applicable
law or regulations, written confirmation from (a) the Federal Reserve of its Non-Control Determination as to Purchaser and the Department of its approval or non-objection for Purchaser to purchase the Purchased Shares; provided, however, that
no such regulatory approval or non-objection or Non-Control Determination shall impose a Burdensome Condition and provided, further, that the imposition of one or more Burdensome Conditions in connection with a regulatory approval or Non-Control
Determination shall constitute a denial of such regulatory approval or Non-Control Determination and such regulatory approval or Non-Control Determination shall be deemed not received for all purposes of this Agreement, including but not limited to
Section 1.3 hereof. 
 (g) There shall be no judgment, injunction, order or decree prohibiting any of the transactions contemplated
hereby, and no action, suit or proceeding shall be pending or threatened before or by any court or Governmental Authority seeking to restrain or prohibit, or seeking damages in connection with, the transactions contemplated hereby. The condition set
forth in this subsection is sometimes referred to in this Agreement as the “Prohibition Condition.” 
 (h) Independent legal
counsel to the Corporation reasonably satisfactory to Purchaser (“Corporation Counsel”) shall have furnished to the Purchaser its written opinion, addressed to the Purchaser and dated the Closing Date, in form and substance acceptable to
Purchaser. 
 (i) The Corporation shall have delivered to the Purchaser, at least five (5) business days prior to Closing, for
Purchaser’s review, an updated copy of Schedule 3.1(i) (the “Capital Schedule”) that certifies, as of the time immediately after the Closing and assuming the sale of the number of each type of Purchased Shares determined
by Purchaser as contemplated by this Agreement, the number of shares, by class, series and type, of all authorized, issued and outstanding capital stock, options, warrants, subordinated debt instruments, trust preferred securities, hybrid debt or
capital instruments, any debt or equity instruments convertible into shares of common stock of the Corporation, and other securities of the Corporation (in each case stating whether or not convertible into or exercisable or exchangeable for shares
of capital stock of the Corporation); the Corporation shall attach to the Capital Schedule complete copies of the instruments defining all rights and all conversion features of each type of security listed on the Capital Schedule other than
(i) Class A Common Stock, (ii) Class B Common Stock and (iii) the preferred stock issued to the United States Treasury in January 2009. 

(j) Except as set forth on Schedule 3.1(j), the Corporation shall not, at any time at or before the Closing or as part of the
Offering, enter into any agreements with any investor or group of affiliated investors owning and/or committing to purchase any securities of the Corporation (“Other Significant Investor(s)”) containing, rights, obligations and provisions
more favorable to the Other Significant Investor(s) than the rights, obligations and provisions set forth herein. The provisions of this Section 3.1(j) are a covenant as well as a condition and shall survive the Closing. 

(k) The Corporation shall complete closing on and shall have received the proceeds in collected funds for, the issuance and sale of not less
than an aggregate of $20,000,000 (2,000,000 shares) of Class A Common Stock in the Offering, including for this purpose the shares of the Corporation’s Class B Non-Voting Common Stock, par value $0.01 per share (the “Class B Common
Stock”) being purchased by other investors in the Offering. 
 3.2 Conditions to the Corporation’s Obligations. The
obligations of the Corporation hereunder are subject to the accuracy, as of the date hereof and as of the Closing Date, of the representations and warranties of the Purchaser contained herein and to the performance by the Purchaser of its
obligations hereunder and the conditions (or waiver thereof by the Corporation) set forth in Section 3.1(e) and, to the extent applicable, 3.1(f). 

  
 - 4 - 

	 	4.	REPRESENTATIONS AND WARRANTIES 

 4.1 Representations, Warranties and Agreements of the
Corporation. Except as otherwise set forth on the Corporation Disclosure Schedule attached hereto, the Corporation represents and warrants to, and agrees with the Purchaser that as of the date hereof and immediately prior to the Closing: 

(a) The authorized capital stock of the Corporation consists of: 
  

	 	(i)	45,000,000 shares of Class A Common Stock, par value $0.01 per share, of which 2,493,014 shares are outstanding as of the date of this Agreement; and 

 

	 	(ii)	5,000,000 shares of Class B Common Stock, of which no shares are outstanding as of the date of this Agreement; and 

  

	 	(iii)	10,000,000 shares of preferred stock, of which 8,750 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, and 438 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series B, are
outstanding as of the date of this Agreement. 

 (b) The Corporation does not have any “Subsidiaries” (as defined
below) other than the Banks, SA Holdings, Inc. and Country Park II Residences, L.C. which are wholly owned direct or indirect Subsidiaries of Equity Bank (collectively, the “Bank Subsidiaries”). Within the preceding twenty-four
(24) months, the Corporation and each Subsidiary have filed all notices, forms, reports, registrations and statements, together with any required amendments thereto, that it was required to file with the Federal Reserve, the FDIC, the
Department and any other applicable federal or state securities or banking authorities, except where the failure to file any such report, registration or statement would not reasonably be expected to have a Material Adverse Effect. All such reports
and statements filed within the preceding twenty-four (24) months, with any such regulatory body or authority are collectively referred to herein as the “Corporation Reports.” As of their respective dates, the Corporation Reports
complied as to form in all material respects with all the rules and regulations promulgated by the Federal Reserve, the FDIC, the Department and any other applicable foreign or state securities or banking authorities, as the case may be. For the
purposes of this Agreement, the term “Subsidiary” shall mean any: (a) firm, corporation, partnership, limited liability company, trust or other entity of which the Corporation directly, or indirectly through any Subsidiary, owns
(i) at least 10% of the outstanding voting capital stock (or other outstanding voting shares of beneficial interest), or (ii) at least a majority of the partnership, membership, joint venture or similar interests; (b) partnership in
which the Corporation or any Subsidiary of the Corporation is a general partner; or (c) limited liability company in which the Corporation or any Subsidiary of the Corporation is the manager or the managing member or owns a majority interest.
The Corporation owns, directly or indirectly, all of the capital stock or comparable equity interests of each Subsidiary free and clear of any and all liens, and all the issued and outstanding shares of capital stock or comparable equity interest of
each Subsidiary are validly issued and are fully paid, non-assessable and free of preemptive and similar rights to subscribe for or purchase securities. 

(c) Since December 31, 2009 (the “Financial Statement Date”), no change has occurred and no circumstances exist (including any
changes, occurrences, circumstances or facts existing prior to the Financial Statement Date, but which became known on or after the Financial Statement Date) that is not reflected in the Financial Statements (as defined below) which, individually or
in the aggregate, have had or are reasonably likely to have a Material Adverse Effect. Except as set forth in Schedule 4.1(c), there are no transactions, arrangements, or other relationships between the Corporation or any Subsidiary
and an unconsolidated or other off balance sheet entity. Neither the Corporation nor any of its Subsidiaries is a party to any material transaction or material contract or arrangement with any stockholder of the Corporation holding at least 5% of
the outstanding shares of Class A Common Stock (determined on a fully diluted basis), director, officer or employee of the Corporation or any of its Subsidiaries (collectively, “Related Parties”) or any of the respective immediate
family members or affiliates of Related Parties other than in the ordinary course of business. 

  
 - 5 - 

 (d) The Corporation, Bank and each of their respective Subsidiaries (i) have all corporate
power and authority necessary to own or hold their respective properties and to conduct the businesses in which they are currently engaged and have conducted their business in compliance with all applicable federal, state and foreign laws, orders,
judgments, decrees, rules and regulations, including all laws and regulations restricting activities of bank holding companies and banking organizations; and (ii) have all permits, licenses, authorizations, orders and approvals of, and have
made all filings, applications and registrations with, any governmental entities that are required in order to carry on their business as presently conducted and that are material to the business of the Corporation or such Subsidiary, except where
the failure to have such permits, licenses, authorizations, orders and approvals or the failure to make such filings, applications and registrations would not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect; and all such permits, licenses, certificates of authority, orders and approvals are in full force and effect and, to the knowledge of the Corporation, no suspension or cancellation of any of them is threatened, and all such filings,
applications and registrations are current. The Corporation is unaware of any facts or circumstances that would give rise to the revocation or material adverse modification of any material permits. 

(e) The Corporation has furnished to the Purchaser or otherwise made available to the Purchaser a copy of the audited consolidated financial
statements of the Corporation for its fiscal years ended December 31, 2009, 2008 and 2007 and the unaudited consolidated financial statements of the Corporation for each interim period subsequent to the end of its most recent fiscal year
through June 30, 2010 (collectively, the “Financial Statements”). The Financial Statements do not contain any untrue statement of material fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading. 
 (f) Based in part upon the representations
and warranties of the Purchaser contained herein, (i) the Corporation is not required by applicable law or regulation in connection with the offer, sale and delivery of the Purchased Shares to the Purchaser in the manner contemplated by this
Agreement to register the Purchased Shares under the 1933 Act, or any state securities laws and (ii) none of the Corporation, its Subsidiaries nor, to the Corporation’s knowledge, any of its affiliates or any person acting on its behalf
has, directly or indirectly, at any time within the past six months, made any offers or sales of any Corporation security or solicited any offers to buy any security under circumstances that would (A) eliminate the availability of the exemption
from registration under Rule 506 of Regulation D under the 1933 Act in connection with the offer and sale by the Corporation of the Purchased Shares as contemplated hereby or (B) cause the offering of the Purchased Shares pursuant to this
Agreement to be integrated with prior offerings by the Corporation for purposes of any applicable law, regulation or stockholder approval provisions. Neither the Corporation nor any person acting on behalf of the Corporation has offered or sold any
of the Purchased Shares by any form of general solicitation or general advertising. 
 (g) The Corporation and its Subsidiaries
(i) have been duly incorporated or organized and are validly existing in good standing under the laws of their respective jurisdictions of incorporation or organization, (ii) are duly qualified to do business and are in good standing as
foreign corporations or organizations in each jurisdiction in which their respective ownership or lease of property or the conduct of their respective businesses requires such qualification, except where the failure to be so qualified would not
reasonably be expected to result in a Material Adverse Effect. Neither the Corporation nor any subsidiary is in violation of any of the provisions of its respective certificate or articles of incorporation, bylaws or other organizational or charter
documents. 
 (h) The number of shares and type of all authorized, issued and outstanding capital stock, options, warrants, subordinated
debt instruments, trust preferred securities, hybrid debt or capital instruments, any debt or equity instruments convertible into shares of common stock of the Corporation, and other securities of the Corporation (whether or not presently
convertible into or exercisable or exchangeable for shares of capital stock of the Corporation) as of the date hereof has been set forth on a copy of Schedule 3.1(i) dated the date of this Agreement. All of the outstanding shares of
capital stock of the Corporation are duly authorized, validly issued, fully paid and non-assessable, have been issued in compliance in all material respects with all applicable federal and state securities laws. None of such outstanding shares was
issued in violation of any preemptive rights or similar 

  
 - 6 - 

 
rights to subscribe for or purchase any capital stock of the Corporation, and no person has any preemptive or similar right to purchase any shares of capital stock of the Corporation. Except as
set forth on Schedule 3.1(i), (i) there are no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, or exercisable or
exchangeable for, any shares of capital stock of the Corporation, or contracts, commitments, understandings or arrangements by which the Corporation is or may become bound to issue additional shares of capital stock of the Corporation or options,
warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, or exercisable or exchangeable for, any shares of capital stock of the Corporation, (ii) there are
no outstanding securities or instruments of the Corporation which contain any redemption or similar provisions, and there are no contracts, commitments, understandings or arrangements by which the Corporation is or may become bound to redeem a
security of the Corporation; (iii) there are no securities or instruments containing anti-dilution or similar provisions that will be triggered by the issuance of the Purchased Shares; (iv) the Corporation does not have any stock
appreciation rights or “phantom stock” plans or agreements or any similar plan or agreement; and (v) neither the Corporation nor either of the Banks has exercised any right to defer payments of interest on any subordinated debt or
trust preferred securities. 
 (i) The Purchased Shares have been duly authorized and, when issued and delivered by the Corporation against
payment therefor in the manner contemplated by this Agreement, will be validly issued, fully paid and non-assessable, and free and clear of all liens, other than restrictions on transfer provided for in the Transaction Documents or imposed by
applicable securities laws, and shall not be subject to preemptive or similar rights. The Purchased Shares will be issued in compliance with all applicable federal and state securities laws. Neither the Corporation nor any of its Subsidiaries is
required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental authority or other person in connection with the
execution, delivery and performance by the Corporation of the Transaction Documents (including, without limitation, the issuance of the Purchased Shares), other than (i) filings required by applicable state securities laws, (ii) the filing
of a Notice of Sale of Securities on Form D with the SEC under Regulation D of the 1933 Act, and (iii) those that have been made or obtained prior to the date of this Agreement. 

(j) The Corporation has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by each of
the Transaction Documents to which it is a party and otherwise to carry out its obligations hereunder and thereunder, including, without limitation, to issue the Purchased Shares in accordance with the terms hereof. Each of the Transaction Documents
has been duly authorized by all corporate action, executed and delivered by the Corporation and constitutes a valid and legally binding agreement of the Corporation enforceable against the Corporation in accordance with its terms and otherwise to
carry out its obligations hereunder and thereunder, including, without limitation, to issue the Purchased Shares in accordance with the terms hereof, subject to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws
relating to or affecting creditors’ rights generally, and general equitable principles (whether considered in a proceeding in equity or at law). Except as disclosed on Schedule 4.1(j), there are no stockholder agreements, voting
agreements, or other similar arrangements with respect to the Corporation’s capital stock to which the Corporation is a party or between or among any of the Corporation’s stockholders, and Corporation understands and agrees that Purchasers
will not be executing nor shall be bound by any such agreements. 
 (k) The execution, delivery and performance by the Corporation of the
Transaction Documents, the issuance and sale of the Purchased Shares in the manner contemplated hereby, and the consummation of the transactions contemplated herein (collectively, the “Transactions”), will not (i) conflict with or
constitute a violation of, or default (with the passage of time or the delivery of notice) under, (A) any bond, debenture, note or other evidence of indebtedness, or any agreement, lease, franchise, license, permit, contract, indenture,
mortgage, deed of trust, loan agreement, joint venture or other agreement or instrument to which the Corporation or any of its Subsidiaries is a party or by which it or any of its Subsidiaries or their property is bound, where such conflict,
violation or default would reasonably be expected to have a Material Adverse Effect, or (B) conflict with, or constitute a default (or an event that with notice or lapse of time or both would result in a default) under, result in the creation
of any lien upon any of the properties or assets of the Corporation or give to. others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any material contractor or (C) any
law, administrative regulation, ordinance or judgment, order or decree of any court or 

  
 - 7 - 

 
governmental agency, arbitration panel or authority binding upon the Corporation or any of its Subsidiaries or any of their property, or (ii) violate any of the provisions of the Articles,
or Bylaws, as amended, of the Corporation or its Subsidiaries; and no consent, approval, authorization or order of, or filing or registration with any such person (including, without limitation, any such court or governmental agency or body) is
required for the consummation of the Transactions by the Corporation, except such as may be required under Regulation D under the 1933 Act or for a Rule 506 “federal covered security” under state securities laws. 

(l) The Financial Statements (including the related notes) comply in all material respects with applicable accounting requirements and present
fairly, in all material respects, the balance sheet of the Corporation and its consolidated subsidiaries taken as a whole at the dates and for the periods indicated and the results of operations and cash flows of the Corporation and its
subsidiaries, at the dates and for the periods indicated, and have been prepared in conformity with GAAP applied on a consistent basis throughout the periods involved. Since the Financial Statement Date, the Corporation has not effected any change
in any method of accounting or accounting practice, except for any such change required because of a concurrent change in GAAP, nor has it been advised by its independent registered accounting firm or any Governmental Authority that any such change
in method of accounting or accounting practice is appropriate. Neither the Corporation nor any of its Subsidiaries has any liabilities or obligations of any nature (absolute, accrued, contingent or otherwise) that are not properly reflected or
reserved against in the Financial Statements to the extent required to be so reflected or reserved against in accordance with GAAP, except for (i) liabilities that have arisen since June 30, 2010 in the ordinary course of business,
(ii) contractual liabilities under agreements entered into in the ordinary course of business, and (iii) liabilities that have not had and would not reasonably be expected to have a Material Adverse Effect. 

(m) There is no action, suit or proceeding before or by any court or governmental agency or body or any labor dispute now pending or, to the
knowledge of the Corporation, threatened against the Corporation or any of its Subsidiaries, (i) that adversely affects or challenges the legality, validity or enforceability of any of the Transaction Documents or the Purchased Shares or
(ii) which would reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect. Neither the Corporation nor any Subsidiary, nor any director or officer thereof, is or has been the subject of any action
involving a claim of violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty. 
 (n) No
temporary restraining order, preliminary or permanent injunction or other order issued by any court of competent jurisdiction or other legal restraint or prohibition preventing the consummation of the Transactions is in effect or, to the knowledge
of the Corporation, threatened. 
 (o) No material labor dispute exists or, is imminent with respect to any of the employees of the
Corporation which would have or reasonably be expected to have a Material Adverse Effect. Neither the Corporation nor any Subsidiary has engaged in conduct that it knows to be a violation of any applicable law or contractual obligation relating to
the recruitment, hiring, extension of offers of employment, retention or solicitation of any current employee of the Corporation or any Subsidiary where such violation would reasonably be expected to have a Material Adverse Effect. To the knowledge
of the Corporation, no executive officer is, or is expected to be, in violation of any material term of any employment contract, confidentiality, disclosure or proprietary information agreement or non-competition agreement, or any other contract or
agreement or any restrictive covenant, and to the knowledge of the Corporation, the continued employment of each such executive officer does not subject the Corporation or any of its Subsidiaries to any material liability with respect to any of the
foregoing matters. The Corporation is in compliance with all U.S. federal, state, local and foreign laws and regulations relating to employment and employment practices, terms and conditions of employment and wages and hours, except where the
failure to be in compliance would not have or reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

(p) No broker’s, finder’s, investment banker’s, financial advisory or similar fee or commission has been paid or will be
payable by the Corporation with respect to, or for any services rendered to the Corporation ancillary to, the offer, issue and sale of the Purchased Shares contemplated by this Agreement. The Corporation shall indemnify, pay, and hold each Purchaser
harmless against, any liability, loss or expense (including, without limitation, attorneys’ fees and out-of-pocket expenses) arising in connection with any such right, interest or claim. 

  
 - 8 - 

 (q) The Corporation does not own or control, directly or indirectly, any Subsidiary other than
Bank and any other companies and entities referred to in Section 4.1(b). The Corporation does not engage, directly or indirectly or through any other entity or through any partnership, joint venture or the like, in any business or
activity other than investing its assets and owning or controlling Bank and any Subsidiaries. The Corporation does not own any shares of stock or any other equity or debt securities of any corporation or other entity or have any equity interest in
any firm, partnership, limited liability company, joint venture, association or other entity except as set forth in the Financial Statements. 

(r) Except for such agreements that have expired or terminated in accordance with their terms prior to the date hereof, each material
agreement to which the Corporation and its Subsidiaries is a party, is in full force and effect and is binding on the Corporation and/or its Subsidiaries, as applicable, and, to the knowledge of the Corporation, is binding upon such other parties,
in each case in accordance with its terms, and neither the Corporation, any of its Subsidiaries nor, to the knowledge of the Corporation, any other party thereto, is in breach of or default under any such agreement, which breach or default would
reasonably be expected to have a Material Adverse Effect. Neither the Corporation, nor any of its Subsidiaries, has received any written notice regarding the termination of any such agreements. The Corporation has made available to Purchaser true,
correct and complete copies of all such agreements to which the Corporation or any of its Subsidiaries is a party or subject. 
 (s) Each of
the Corporation and its Subsidiaries has (i) filed on a timely basis all federal, state, local and foreign income and franchise tax returns required to be filed by it through the date hereof or had properly requested extension thereof, except
where such failure to timely file would not reasonably be expected to have a Material Adverse Effect and (ii) paid all taxes, assessments, fines, interest or penalties that have become due and payable except as any are being contested in good
faith and for which a reserve in accordance with GAAP have been recorded. Each of the Corporation and its Subsidiaries has made reasonable charges, accruals and reserves in the applicable Financial Statements in respect of all federal, state, local
and foreign income and franchise taxes for all periods as to which the tax liability of the Corporation and its Subsidiaries has not been finally determined. No tax deficiency has been asserted against the Corporation or any of its Subsidiaries and
to the knowledge of the Corporation, there is no tax deficiency which might be asserted or threatened against it or any of its Subsidiaries. There are no tax liens on any assets of the Corporation or its Subsidiaries. All withholding taxes have been
paid and properly remitted by the Corporation and its Subsidiaries. The Corporation and its Subsidiaries have not engaged or participated in any reportable transactions. The Corporation has been a C corporation for U.S. federal income tax purposes
since its formation. The net operating losses (if any) of the Company or any of its Subsidiaries are not currently subject to a IRC 382 limitation and will not be subject to a IRC 382 limitation after the Transaction. 

(t) The Corporation and its Subsidiaries are in compliance in all material respects with all applicable laws, rules, regulations, orders,
decrees and judgments applicable to it, including, without limitation, all applicable local, state and federal environmental laws and the applicable federal and state banking laws, rules and regulations except where such non-compliance would not be reasonably expected to have a Material Adverse Effect (the “Applicable Laws”). Neither the Corporation nor any of its Subsidiaries (i) is in default under or in violation
of (and no event has occurred that has not been waived that, with notice or lapse of time or both, would result in a default by the Corporation or any of its Subsidiaries under), nor has the Corporation or any of its Subsidiaries received written
notice of a claim that it is in default under or that it is in violation of, any material contract (whether or not such default or violation has been waived) or (ii) is in violation of any order of which the Corporation has been made aware in
writing of any court, arbitrator or governmental body having jurisdiction over the Corporation or its properties or assets. Neither the Corporation nor any of its Subsidiaries is in violation of or has received any notice of purported or actual
non-compliance with Applicable Laws (except to the extent it would not individually or in the aggregate reasonably be expected to have a Material Adverse Effect). Neither the Corporation nor any of its Subsidiaries has received any communication
from any Governmental Authority (i) threatening to revoke any permit, license, franchise, certificate of authority or other governmental authorization, or (ii) threatening or contemplating revocation or limitation of, or which would have
the effect of revoking or limiting, FDIC deposit insurance. 
 (u) The operations of the Corporation and its Subsidiaries are and have been
conducted, in all material respects, in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable

  
 - 9 - 

 
jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the
“Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Corporation or any of its Subsidiaries with respect to the Money Laundering Laws is
pending or, to the knowledge of the Corporation, threatened. 
 (v) Neither the Corporation nor any of its Subsidiaries nor, to the
knowledge of the Corporation, any director, officer, agent, employee or affiliate of the Corporation or any of its Subsidiaries, is currently subject to any U.S. sanctions administered by the Department of Foreign Assets Control of the U.S. Treasury
Department (“OFAC”); and the Corporation will not knowingly directly or indirectly use the proceeds of the sale of the Purchased Shares, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner
or other person or entity, towards any sales or operations in Cuba, Iran, Syria, Sudan, Myanmar or any other country sanctioned by OFAC or for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered
by OFAC. 
 (w) Except as disclosed in the Financial Statements, each of the Corporation and its Subsidiaries owns or leases all such
properties as are necessary to its operations as now conducted. 
 (x) Each of the Corporation and its Subsidiaries maintains insurance
(issued by insurers of recognized financial responsibility) of the types, against such losses and in the amounts, with such insurers and subject to deductibles and exclusions as the Corporation reasonably believes are customary in the
Corporation’s and its Subsidiaries’ industry and otherwise prudent, including, without limitation, insurance covering all real and personal property owned or leased by the Corporation and its Subsidiaries against theft, damage,
destruction, acts of vandalism and all other risks customarily insured against by similarly situated companies, all of which insurance is in full force and effect. Neither the Corporation nor any of its Subsidiaries has received any notice of
cancellation of any such insurance, nor, will it or any Subsidiary be unable to renew their respective existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue
its business at a cost that would not have a Material Adverse Effect. 
 (y) The Corporation is not and, after giving effect to the offering
and sale of the Purchased Shares as contemplated in this Agreement will not be, an “investment company” as defined in the Investment Company Act of 1940, as amended. 

(z) The Corporation is duly registered as a bank holding company under the BHC Act, as amended. Each of the Banks is a commercial bank duly
organized, validly existing and in good standing with its primary regulator. Each of the Banks has at least a “satisfactory” rating under the U.S. Community Reinvestment Act. Each of the Banks is a member in good standing of the Federal
Home Loan Bank of Kansas City. The deposit accounts of the Banks are insured up to applicable limits by the FDIC, and all premiums and assessments required to be paid in connection therewith have been paid when due. As of the date of this Agreement,
each of the Banks meets or exceeds the standards necessary to be considered “well capitalized” under the FDIC’s regulatory framework for prompt corrective action. 

(aa) Except as set forth on Schedule 4.1(aa): 

(1) Neither the Corporation nor any Subsidiary is subject to any cease- and-desist,
memorandum of understanding or other similar order or enforcement action (including any order to pay civil money penalties) issued by, or is a party to any written agreement, consent agreement or memorandum of understanding with, or is a party to
any commitment letter or similar undertaking to, or is subject to any capital directive by, or has adopted any board resolutions at the request of, any governmental entity that currently restricts in any material respect the conduct of its
operations or business or that in any material manner relates to its capital adequacy, maintenance of specific capital levels, its liquidity and funding policies and practices, its ability to pay dividends, its credit, risk management or compliance
policies, its internal controls, its management or its operations or business (each item in this sentence, a “Regulatory Agreement”), nor has the Corporation or any Subsidiary been advised by any governmental entity that it is considering
issuing, initiating, ordering, or requesting any such Regulatory Agreement. 

  
 - 10 - 

 (2) The Corporation has no knowledge of any facts and circumstances, and has no
reason to believe that any facts or circumstances exist, that would cause any of its Subsidiary banking institutions: (i) to be deemed not to be in satisfactory compliance with the Community Reinvestment Act and the regulations promulgated
thereunder or to be assigned a CRA rating by federal or state banking regulators of lower than “satisfactory”; (ii) to be deemed to be operating in violation, in any material respect, of the Bank ( Secrecy Act, the Patriot Act, any
order issued with respect to anti-money laundering by the U.S. Department of the Treasury’s Office of Foreign Assets Control, or any other anti-money laundering statute, rule or regulation; or (iii) to be deemed not to be in satisfactory
compliance, in any material respect, with all applicable privacy of customer information requirements contained in any federal and state privacy laws and regulations as well as the provisions of all information security programs adopted by the
Subsidiaries. 
 (3) Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect, each of the Corporation and each Subsidiary has properly administered all accounts for which it acts as a fiduciary, including accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or
investment advisor, in accordance with the terms of the governing documents, applicable federal and state law and regulation and common law. None of the Corporation, any Subsidiary or any director, officer or employee of the Corporation or any
Subsidiary has committed any breach of trust or fiduciary duty with respect to any such fiduciary account that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, except as would not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect, the accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account. 

(bb) The Corporation is not, and has never been, an issuer identified in Rule 144(i)(1) under the 1933 Act. 

(cc) Except for normal periodic examinations conducted since December 31, 2006 by a federal or state bank regulatory authority having
jurisdiction over the Corporation or any of its Subsidiaries (a “Bank Regulator”), no Bank Regulator has initiated any proceeding or, to the knowledge of the Corporation, investigation into the business or operations of the Corporation or
any of its Subsidiaries. The Corporation and its Subsidiaries have addressed in all material respects any matters requiring Board attention set forth in writing by any Bank Regulator with respect to any such normal periodic examination and
addressing such matters has not and is reasonably expected to not result in a Material Adverse Effect. 
 (dd) As of the Closing Date,
taking into account the net proceeds of the capital raise contemplated as part of this Transaction, the Corporation and Bank each will have leverage, Tier 1 risk-based and total risk-based capital ratios that are at least 100 basis points in excess
of the minimum regulatory requirements, in the case of the Corporation, and for “well-capitalized” status under Federal prompt corrective action regulations, in the case of the Banks. 

(ee) As of the date hereof and as of Closing Date, the Corporation’s management has concluded that the loan loss reserves of Bank are
adequate and has not been advised by the Corporation’s independent or internal auditors of any preliminary or final disagreement with management’s conclusions. 

(ff) The issuance of the Purchased Shares to the Purchaser as contemplated by this Agreement together with the consummation of the remainder
of the Offering will not trigger any rights under any “change of control” provision in any of the employee benefit plans, retirement plans or other agreements to which the Corporation or any of its Subsidiaries is a party, including
without limitation any employment, “change in control,” severance or other compensatory agreements or arrangements (all of the foregoing are referred to as “Employee Arrangements”), which results in payments to the counterparty
or the acceleration of vesting of benefits. 

  
 - 11 - 

 
In the event that the issuance of the Purchased Shares to the Purchaser as contemplated by this Agreement would otherwise trigger any such rights, the Corporation will obtain waivers from the
parties to the Employee Arrangements waiving, as applicable, (i) the right to receive any such payments resulting from the occurrence of such triggering event or (ii) the acceleration of vesting of such benefits. 

(gg) The Corporation maintains internal control over financial reporting to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with GAAP and includes policies and procedures that (A) pertain to the maintenance of records that in reasonable detail accurately and fairly
reflect the transactions and dispositions of the asset of the Corporation, (B) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and
expenditures of the Corporation are being made only in accordance with authorizations of management and directors of the Corporation, and (C) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use
or disposition of the Corporation’s assets that could have a material effect on its financial statements. The Corporation has disclosed, based on its most recent evaluation prior to the date hereof, to the Corporation’s outside auditors
and the audit committee of the Board of Directors (x) any significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting that are reasonably expected to adversely affect the
Corporation’s ability to record, process, summarize and report financial information and (y) any fraud, whether or not material, that involves management or other employees who have a significant role in the Corporation’s internal
controls over financial reporting. 
 (hh) Except as expressly set forth or reflected in the Financial Statements, since the Financial
Statement Date, (A) neither the Corporation nor any Subsidiary nor, to the knowledge of the Corporation, any director or officer of the Corporation or any Subsidiary, has received or otherwise had or obtained knowledge of any material
complaint, allegation, assertion or claim, whether written or oral, regarding the accounting or auditing practices, procedures, methodologies or methods of the Corporation or a subsidiary of the Corporation or their respective internal accounting
controls, including any material complaint, allegation, assertion or claim that the Corporation or any Subsidiary has engaged in questionable accounting or auditing practices The records, systems, controls, data and information of the Corporation
and the Subsidiaries are recorded, stored, maintained and operated under means (including any electronic, mechanical or photographic process, whether computerized or not) that are under the exclusive ownership and direct control of the Corporation
or the Subsidiaries or their accountants (including all means of access thereto and therefrom), except for any non-exclusive ownership and non-direct control that would not, individually or in the aggregate, reasonably be expected to adversely
affect in any material respect the system of internal accounting controls described above in this subsection. 
 (ii) Except as expressly
set forth or reflected in the Financial Statements, since the Financial Statement Date, the. Corporation and each of the Subsidiaries have conducted their respective businesses in all material respects in the ordinary course, consistent with prior
practice. 
 (jj) The Board of Directors has taken all other necessary action to ensure that any “moratorium,” “control
share,” “fair price,” “takeover” or “interested stockholder” law does not and will not apply to this Agreement or to any of the Transactions contemplated hereby. 

(kk) The Corporation has not, and to the Corporation’s knowledge no one acting on its behalf has, (i) taken, directly or indirectly,
any action designed to cause or to result in the stabilization or manipulation of the price of any security of the Corporation to facilitate the sale or resale of any of the Purchased Shares, (ii) sold, bid for, purchased, or paid any
compensation for soliciting purchases of, any of the securities of the Corporation or (iii) paid or agreed to pay to any person any compensation for soliciting another to purchase any other securities of the Corporation. 

(ll) The Corporation is not registered pursuant to the Securities and Exchange Act of 1934 (the “1934 Act”) and the offering and
sale of the Class A Common Stock and Class B Common Stock in the Offering and pursuant to this Agreement has not been registered pursuant to the 1933 Act. 

  
 - 12 - 

 (mm) Neither the Class A Common Stock nor the Class B Common Stock is listed or quoted on
any trading market. 
 (nn) The Corporation and its Subsidiaries have good and marketable title to all real property and tangible personal
property owned by them which is material to the business of the Corporation and its Subsidiaries, taken as a whole, in each case free and clear of all liens except such as do not materially affect the value of such property or do not interfere with
the use made and proposed to be made of such property by the Corporation and any of its Subsidiaries. Any real property and facilities held under lease by the Corporation and any of its Subsidiaries are held by them under valid, subsisting and
enforceable leases with such exceptions as are not material and do not interfere with the use made and proposed to be made of such property and buildings by the Corporation and its Subsidiaries. 

(oo) [Intentionally omitted.] 

(pp) Except as has not had and would not reasonably be expected to have a Material Adverse Effect: 

(1) The Corporation and each of its Subsidiaries has complied with, and all documentation in connection with the origination,
processing, underwriting and credit approval of any mortgage loan originated, purchased or serviced by the Corporation or any of its Subsidiaries satisfied, (A) all applicable federal, state and local laws, rules and regulations with respect to
the origination, insuring, purchase, sale, pooling, servicing, subservicing, or filing of claims in connection with mortgage loans, including all laws relating to real estate settlement procedures, consumer credit protection, truth in lending laws,
usury limitations, fair housing, transfers of servicing, collection practices, equal credit opportunity and adjustable rate mortgages, (B) the responsibilities and obligations relating to mortgage loans set forth in any agreement between the
Corporation or any of its Subsidiaries and any Agency, Loan Investor or Insurer, (C) the applicable rules, regulations, guidelines, handbooks and other requirements of any Agency, Loan Investor or Insurer and (D) the terms and provisions
of any mortgage or other collateral documents and other loan documents with respect to each mortgage loan; and 
 (2) No
Agency, Loan Investor or Insurer has (A) claimed in writing that the Corporation or any of its Subsidiaries has violated or has not complied with the applicable underwriting standards with respect to mortgage loans sold by the Corporation or
any of its Subsidiaries to a Loan Investor or Agency, or with respect to any sale of mortgage servicing rights to a Loan Investor, (B) imposed in writing restrictions on the activities (including commitment authority) of the Corporation or any
of its Subsidiaries or (C) indicated in writing to the Corporation or any of its Subsidiaries that it has terminated or intends to terminate its relationship with the Corporation or any of its Subsidiaries for poor performance, poor loan
quality or concern with respect to the Corporation’s or any of its Subsidiaries’ compliance with laws, 
 For purposes of this subsection:
(A) “Agency” means the Federal Housing Administration, the Federal Home Loan Mortgage Corporation, the Farmers Home Administration (now known as Rural Housing and Community Development Services), the Federal National Mortgage
Association, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture or any other federal or state agency with authority to (i) determine any investment, origination, lending or
servicing requirements with regard to mortgage loans originated, purchased or serviced by the Corporation or any of its Subsidiaries or (ii) originate, purchase, or service mortgage loans, or otherwise promote mortgage lending, including state
and local housing finance authorities; (B) “Loan Investor” means any person (including an Agency) having a beneficial interest in any mortgage loan originated, purchased or serviced by the Corporation or any of its Subsidiaries or a
security backed by or representing an interest in any such mortgage loan; and (C) “Insurer” means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any
of the mortgage loans originated, purchased or serviced by the Corporation or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S.
Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral. 

  
 - 13 - 

 (qq) Since the date of the Financial Statements, (i) there have been no events, occurrences
or developments that have had or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, (ii) the Corporation has not incurred any material liabilities (contingent or otherwise) other than
(A) trade payables, accrued expenses and other liabilities incurred in the ordinary course of business consistent with past practice and (B) liabilities not required to be reflected in the Corporation’s financial statements pursuant
to GAAP, (iii) the Corporation has not altered materially its method of accounting or the manner in which it keeps its accounting books and records, (iv) the Corporation has not declared or made any dividend or distribution of cash or
other property to its stockholders or purchased, redeemed or made any agreements to purchase or redeem any shares of its capital stock (other than in connection with repurchases of unvested stock issued to employees of the Corporation), (v) the
Corporation has not issued any equity securities to any officer, director or affiliate, except Class A Common Stock issued pursuant to existing Corporation stock option or stock purchase plans or executive and director arrangements and
(vi) there has not been any material change or amendment to, or any waiver of any material right by the Corporation under, any material contract under which the Corporation or any of its Subsidiaries is bound or subject. Except for the
transactions contemplated by this Agreement, no event, liability or development has occurred or exists with respect to the Corporation or its Subsidiaries or their respective business, properties, operations or financial condition that would be
required to be disclosed by the Corporation under applicable securities laws at the time this representation is made that has not been publicly disclosed at least one Business Day prior to the date that this representation is made. 

(rr) The Corporation and its Subsidiaries own, possess, license or have other rights to use all foreign and domestic patents, patent
applications, trade and service marks, trade and service mark registrations, trade names, copyrights, inventions, trade secrets, technology, Internet domain names, know-how and other intellectual property (collectively, the “Intellectual
Property”) necessary for the conduct of their respective businesses as now conducted or as proposed to be conducted except where the failure to own, possess, license or have such rights would not have or reasonably be expected to have a
Material Adverse Effect. Except where such violations or infringements would not have or reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, (a) there are no rights of third parties to any such
Intellectual Property; (b) there is no infringement by third parties of any such Intellectual Property; (c) there is no pending or threatened action, suit, proceeding or claim by others challenging the Corporation’s and its
Subsidiaries’ rights in or to any such Intellectual Property; (d) there is no pending or threatened action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property; and (e) there is no
pending or threatened action, suit, proceeding or claim by others that the Corporation and/or any Subsidiary infringes or otherwise violates any patent, trademark, copyright, trade secret or other proprietary rights of others. 

(ss) Other than the Purchaser or any other investors in the Offering, no person has any right to cause the Corporation to effect the
registration under the 1933 Act of any securities of the Corporation with the SEC. 
 (tt) [Intentionally omitted.] 

(uu) Neither the Corporation nor any of its Subsidiaries, nor any directors, officers, nor to the Corporation’s knowledge, employees,
agents or other persons acting at the direction of or on behalf of the Corporation or any of its Subsidiaries has, in the course of its actions for, or on behalf of, the Corporation: (a) directly or indirectly, used any corporate funds for
unlawful contributions, gifts, entertainment or other unlawful expenses relating to foreign or domestic political activity; (b) made any direct or indirect unlawful payments to any foreign or domestic governmental officials or employees or to
any foreign or domestic political parties or campaigns from corporate funds; (c) violated any provision of the Foreign Corrupt Practices Act of 1977, as amended, or (d) made any other unlawful bribe, rebate, payoff, influence payment,
kickback or other material unlawful payment to any foreign or domestic government official or employee. 
 (vv) The Corporation has not
adopted any stockholder rights plan or similar arrangement relating to accumulations of beneficial ownership of Class A Common Stock or Class B Common Stock or a change in control of the Corporation. The Corporation and its board of directors
have taken all necessary action, if any, in order to render inapplicable any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other similar anti-takeover provision under the
Corporation’s articles of 

  
 - 14 - 

 
incorporation or other organizational documents or the laws of the jurisdiction of its incorporation or otherwise which is or could become applicable to any Purchaser solely as a result of the
transactions contemplated by this Agreement, including, without limitation, the Corporation’s issuance of the Purchased Shares and any Purchaser’s ownership of the Purchased Shares. 

(ww) The Corporation acknowledges and agrees that the Purchaser is acting solely in the capacity of an arm’s length purchaser with
respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Corporation further acknowledges that the Purchaser is not acting as a financial advisor or fiduciary of the Corporation (or in any similar capacity) with
respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Purchaser or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated
thereby is merely incidental to the Purchaser’s purchase of the Purchased Shares. 
 (xx) Since December 31, 2009, the Corporation
and each Subsidiary have filed all material reports, registrations and statements, together with any required amendments thereto, that it was required to file with the Federal Reserve, the OCC, and any other applicable federal or state securities or
banking authorities, except where the failure to file any such report, registration or statement would not have or reasonably be expected to have a Material Adverse Effect. All such reports and statements filed with any such regulatory body or
authority are collectively referred to herein as the “Corporation Reports.” As of their respective dates, the Corporation Reports complied as to form in all material respects with all the rules and regulations promulgated by the Federal
Reserve, the OCC and any other applicable foreign, federal or state securities or banking authorities, as the case may be. 
 4.2
Representations and Warranties and Agreements of the Purchaser. Each Purchaser, severally and not jointly with any other Purchaser, represents and warrants to, and agrees with, the Corporation that, as of the date hereof and immediately prior
to the Closing: 
 (a) The Purchaser has full power and authority to enter into this Agreement and this Agreement constitutes a valid and
legally binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditor’s
rights generally, and general equitable principles (whether considered in a proceeding in equity or at law). 
 (b) The Purchaser represents
that: (i) it is duly organized, validly existing and in good standing in its jurisdiction of incorporation or organization and has all the requisite power and authority to purchase the Purchased Shares, as provided herein, and (ii) its
purchase of the Purchased Shares has been duly authorized by all necessary action on behalf of the Purchaser. 
 (c) The Purchaser is
purchasing the Purchased Shares for Purchaser’s own account and not with a view to or for sale in connection with any distribution thereof in a transaction that would violate or cause a violation of the 1933 Act or the securities laws of any
state or any other applicable jurisdiction. 
 (d) The Purchaser is an “accredited investor” as defined in Rule 501(a) promulgated
under the 1933 Act and understands and acknowledges that the offer and sale of the Purchased Shares to the Purchaser hereunder have not been registered under the 1933 Act or any state securities law in reliance on the availability of an exemption
from such registration requirements of the 1933 Act based in part on the accuracy of the Purchaser’s representations in this Section. 

(e) In the normal course of the Purchaser’s business or affairs, Purchaser invests in or purchases securities similar to the Purchased
Shares and has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of purchasing the Purchased Shares. Purchaser has received and has carefully reviewed the Financial Statements.
Purchaser has had access to such financial and other information concerning the Corporation and its Subsidiaries as Purchaser deemed necessary or desirable in making a decision to purchase the Purchased Shares, and an opportunity to ask questions
and receive answers from officers of the Corporation and to obtain additional information (to the extent the Corporation possessed such 

  
 - 15 - 

 
information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy of any information furnished to Purchaser or to which Purchaser had access. Purchaser
acknowledges that the Corporation is a bank holding company. Purchaser is familiar with the laws and regulations affecting bank holding companies and investors of bank holding companies, such as the Purchaser. 

(f) The Purchaser is not relying on the Corporation or any of its affiliates with respect to an analysis or consideration of the terms of or
economic considerations relating to an investment in the Purchased Shares. In regard to such considerations and analysis, the Purchaser has relied on the advice of, or has consulted with, its own advisors. 

(g) The Purchaser acknowledges and is aware that there are substantial restrictions on the transferability of the Purchased Shares. Purchaser
understands that the Purchased Shares have not been registered under the 1933 Act and are “restricted securities” within the meaning of Rule 144 of the 1933 Act, and may not be sold, transferred, or otherwise disposed of without
registration under the 1933 Act or an exemption therefrom. Furthermore, Purchaser acknowledges that the Purchased Shares purchased hereunder will bear a legend to the effect set forth below, and the Purchaser covenants that, except to the extent
such restrictions are waived by the Corporation, the Purchaser shall not transfer the Purchased Shares without complying with the restrictions on transfer described in the legend endorsed on such certificate: 

THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, OFFERED
FOR SALE, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED ABSENT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT AND ANY APPLICABLE STATE SECURITIES LAW OR COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH ACT, OR UNLESS THE CORPORATION HAS RECEIVED
AN OPINION OF COUNSEL, REASONABLY SATISFACTORY TO THE CORPORATION AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED. 
 (h) The
execution, delivery and performance by the Purchaser of this Agreement, purchase of the Purchased Shares in the manner contemplated hereby, and the consummation of the transactions contemplated herein (collectively, the “Transactions”),
will not (i) conflict with or constitute a material violation of, or material default (with the passage of time or the delivery of notice) under any law, administrative regulation, ordinance or judgment, order or decree of any court or
governmental agency, arbitration panel or authority binding upon the Purchaser or any of their property, or (ii) violate any of the provisions of the charter documents of the Purchaser; and no material consent, approval, authorization or order
of, or filing or registration with any such person (including, without limitation, any such court or governmental agency or body) is required for the consummation of the Transactions by the Purchaser, except such as may be required under Regulation
D under the 1933 Act or for a Rule 506 “federal covered security” under state securities laws. 
 (i) The Purchaser represents and
warrants that it is not required to obtain, prepare or file any authorization, approval, consent, filing or registration with any Governmental Authority in order to consummate the Transactions at the Closing Date except that in the event that the
Purchaser determines, in its sole discretion, to purchase shares equal to or in excess of 10% of the outstanding voting Class A Common Stock following consummation of the Transactions, the Purchaser will require the approval or the
non-objection of the Federal Reserve and the Department to acquire the shares. Except as expressly set forth in this Agreement, the Purchaser is not “acting in concert” (as that term is defined in 12 C.P.R. § 225.41) with any other
persons to acquire any of the Corporation’s capital stock. 
 (j) Other than the Transactions contemplated hereunder, the Purchaser has
not directly or indirectly, nor has any person acting on behalf of or pursuant to any understanding with the Purchaser, executed any disposition, including short sales, in the securities of the Corporation during the period commencing from the time
that the Purchaser first entered into a term sheet with the Corporation until the date that the Transactions are first publicly announced. 

  
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 (k) The offer to purchase the Purchased Shares was directly communicated to the Purchaser by the
Corporation. At no time was the Purchaser presented with or solicited by any leaflet, newspaper or magazine article, radio, television, internet or email advertisement, or any other form of general advertising or solicited or invited to attend a
promotional meeting otherwise than in connection and concurrently with such communicated offer. 
 (l) The Purchaser neither is nor will be
obligated for any finder’s or broker’s fee or commission in connection with Transactions. 
 (m) The Purchaser has valid
commitments and arrangements so that by Closing it will have sufficient funds to enable the Purchaser to pay the sums required to be paid by it to the Corporation pursuant to this Agreement, and otherwise to perform its obligations under this
Agreement. 
 (n) The Purchaser is organized, formed, or incorporated under (i) the laws of one of the states or territories of the
United States of America or the District of Columbia or (ii) the federal laws of the United States of America; and the Purchaser is domiciled in one of the states or territories of the United States of America or the District of Columbia. 

(o) The Purchaser understands that the Corporation may pursue a failed bank transaction following the closing of the Offering and that, if the
Corporation does complete a failed bank transaction that it will be subject to the FDIC’s Final Statement of Policy on Qualifications for Failed Bank Acquisitions (the “FDIC Policy”), including the enhanced capital requirements for
the Corporation within the FDIC Policy. Further, the Purchaser understands that it may be required to give certain commitments to the FDIC, as required by the FDIC. The Purchaser has read the FDIC Policy and has consulted its own legal advisers in
connection therewith to the extent it deems necessary. 
  

	 	5.	ADDITIONAL AGREEMENTS 

 5.1 Form D, Blue Sky and Certificates. 

(a) The Corporation agrees to timely file a Form D with respect to the Purchased Shares as required under Regulation D and to provide a copy
thereof to the Purchaser promptly after such filing. The Corporation, on or before the Closing Date, shall take such action as is necessary in order to obtain and maintain an exemption for or to qualify the Purchased Shares for sale to the Purchaser
at the Closing pursuant to this Agreement under applicable securities or “Blue Sky” laws of the states of the United States (or to obtain an exemption from such qualification), and shall provide evidence of any such action so taken to the
Purchaser on or prior to the Closing Date. The Corporation shall make all filings and reports relating to the offer and sale of the Securities required under applicable securities or “Blue Sky” laws of the states of the United States
following the Closing Date. 
 (b) The restrictive legend set forth in Section 4.2(g) shall be removed and the
Corporation shall issue a certificate without such restrictive legend or any other restrictive legend to the holder of the applicable Purchased Shares upon which it is stamped or issue to such holder by electronic delivery at the applicable balance
account at the Depository Trust Company (“DTC”), if (i) such Purchased Shares are registered for resale under the 1933 Act, or (ii) such Purchased Shares are eligible for sale under Rule 144, without the requirement for the
Corporation to be in compliance with the current public information required under Rule 144 as to such securities and without volume or manner-of-sale restrictions. Following the earlier of (i) the effective date of the first Registration
Statement covering the resale of some or all of the Purchased Shares (the “Effective Date”) or (ii) Rule 144 becoming available for the resale of Purchased Shares, without the requirement for the Corporation to be in compliance with
the current public information required under Rule 144 as to the Purchased Shares and without volume or manner-of-sale restrictions, the Corporation shall cause counsel to the Corporation to issue to the Corporation’s transfer agent a legal
opinion to the effect that no subsequent transfer of such Shares shall require registration under the 1933 Act. Any fees (with respect to said transfer agent, counsel or otherwise) associated with the issuance of such opinion or the removal of such
legend shall be borne by the Corporation. Following such time as a restrictive legend is no longer required for any Shares, no later than three trading days following the delivery by 

  
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the Purchaser to the Corporation or said transfer agent (with notice to the Corporation) of a legended certificate representing such Shares and an opinion of counsel to the extent required by
this Section, the Corporation will and will cause the transfer agent to, deliver or cause to be delivered to the Purchaser a certificate or confirmation representing such Shares that is free from all restrictive legends. Unless otherwise required by
applicable law, the Corporation may not make any notation on its records or give instructions to the transfer agent that enlarge the restrictions on transfer set forth in this Section. Certificates for Shares free from all restrictive legends may be
transmitted by the said transfer agent to a Purchaser by crediting the account of the Purchaser’s custodian or prime broker with DTC as directed by the Purchaser. 

5.2 Regulatory Matters. 

(a) Each of the Corporation and the Purchaser agrees to use (and Corporation agrees to cause each of the Banks to use) diligent efforts in
good faith, at its own expense, to obtain any Required Approvals necessary for the Closing, prior to the final date required under this Agreement for such Closing, on terms consistent with the terms set forth in this Agreement. Without limiting the
foregoing, each party will (and Corporation will cause each of the Banks to) promptly submit, to each applicable Governmental Authority, completed notices, requests and applications required from such party, as applicable, for each Required
Approval, and (ii) promptly provide to the other party copies of the public portions of all such notices, requests and applications as they are filed with each Governmental Authority. Each party agrees to use (and Corporation agrees to cause
each of the Banks to use) diligent efforts in good faith, at its own expense, to assist and support the other party’s efforts to obtain each Required Approval. 

(b) In the event that the Purchaser in its sole discretion determines after Closing to acquire or to establish its authority to acquire,
additional shares of any class of securities whose acquisition is or may be subject to one or more regulatory approvals (including without limitation non-objections), Purchaser may, but is not obligated, to seek any such approvals, in which event
Corporation agrees that it will (and will cause Bank to) use diligent efforts in good faith, at its own expense, to assist and support Purchaser’s efforts to obtain, and neither Corporation nor Bank shall oppose, any such approvals. 

5.4 Confidentiality. 

(a) For so long as the Purchaser owns any Shares the Purchaser agrees and agrees to cause its Representatives (as defined in subsection
(c) below) (to the extent such Representatives are provided any such Confidential Information (as defined in subsection (b) below) by the Corporation or Purchaser), to keep confidential any Confidential Information. In the event the
Purchaser pursuant to this Agreement or anyone to whom any of them transmit Confidential Information is requested or required by oral questions, interrogatories, requests for information or documents, subpoenas, civil investigative demand or similar
process to disclose any such information, the Purchaser shall (i) provide the Corporation with prompt notice so that the Corporation may seek a protective order or other appropriate remedy and/or waive the Purchaser’s compliance with the
provisions of this Section, (ii) furnish only that portion of such information that the Purchaser is advised by its counsel is legally required and (iii) at the Corporation’s expense and direction, exercise its reasonable efforts to
obtain reliable assurance that confidential treatment will be accorded such information. Notwithstanding the foregoing, the Purchaser may disclose any such information if required by judicial or administrative process or by other requirements of
law, national stock exchange or self-regulatory organization. 
 (b) For the purpose of this Agreement, “Confidential Information”
means information obtained from the Corporation, except to the extent that such information can be shown to have been (i) previously known on a non-confidential basis by the Purchaser or its Representatives, (ii) in the public domain other
than by breach of this Agreement by the Purchaser or its Representatives, (iii) later acquired by such Purchaser from sources other than the Corporation or its Subsidiaries not bound by any confidentiality obligation to the Corporation or its
Subsidiaries with respect to such information, or (iv) is independently discovered, developed by or arrived at by the Purchaser without reference to the originating party’s Confidential Information by the Purchaser or its Representatives
who had no access to the Confidential Information. 
 (c) For purposes of this Agreement, “Representative” shall mean, with
respect to any person, any of such person’s officers, directors, employees, agents, attorneys, accountants, consultants, equity financing partners, general partners, managers, investment managers, or financial advisors or other person
associated with, or acting for or on behalf of, such person. 

  
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 5.5 Use of Proceeds. The Corporation will not intentionally directly or indirectly use the
proceeds of the Transactions, and will not lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other person or entity for the purpose of financing the activities of any person currently subject to
any U.S. sanctions administered by OFAC. 
 5.6 No Change of Control. The Corporation shall use diligent efforts in good faith to
obtain all necessary irrevocable waivers and make all appropriate determinations so that the issuance of the Purchased Shares to the Purchaser together with the consummation of the remainder of the Offering, will not trigger a “change of
control” or other similar provision in any of the agreements to which the Corporation or any of its Subsidiaries is a party, including without limitation any employment, “change in control,” severance or other agreements and any
benefit plan, which results in payments to the counterparty or the acceleration of vesting of benefits. 
 5.7 Registration Rights.
On the date of this Agreement, the Corporation and Purchaser are entering into the Registration Rights Agreement. Purchaser agrees to comply with all of its obligations under the Registration Rights Agreement before and after the Closing. 

5.8 Management Rights. On the date of this Agreement, the Corporation and Purchaser are entering into the Management Rights Agreement.
Purchaser agrees to comply with all of its obligations under the Management Rights Agreement before and after the Closing. 
 5.9 Other
Issuances Prior to Closing. Until the earlier to occur of the completion of Closing, or the termination of this Agreement, the Corporation shall not issue any additional shares of Class A Common Stock or other securities which provide the
holder thereof the right to convert such securities into shares of Class A Common Stock, other than (i) such issuances, if any, as are expressly disclosed to and consented to by Purchaser in this Agreement or a Schedule hereto, or
(ii) “Plan Issuances,” which shall mean issuances of such securities to employees, officers, director, and consultants of the Corporation, pursuant to Corporation’s currently existing warrant, stock option, stock appreciation
rights and restricted stock plans, if any (“Incentive Plans”). 
 5.10 Publicity. Without the prior consent of the
Purchaser, the Corporation shall not issue any press release or make any other public announcement (including on its web site) that names the Purchaser or its investment advisor, or issue any press release or public announcement about the completion
of the Offering without identifying the Purchaser or the amount or terms of its purchase. Purchaser shall be entitled to issue a press release or other public announcement regarding this Transaction. In the event either party proposes to issue a
press release or other public statement regarding this Transaction, each party agrees that, prior to doing so, it shall consult with the other party and the content of any press release or public statement shall be subject to the reasonable approval
of the other party, which shall not be unreasonably withheld, conditioned or delayed. 
 5.11 Additional Purchases. In the event that
the Corporation issues additional shares of common or preferred stock (or other securities convertible into common stock) (“Additional Shares”) following the Closing Date (“Additional Shares” shall exclude shares of Class A
Common Stock or Class B Common Stock issued (i) pursuant to Plan Issuances, (ii) in an Acquisition Transaction, or (iii) as a dividend on the Class A Common Stock or Class B Common Stock or as a result of a stock split of the
Class A Common Stock or Class B Common Stock), the Purchaser shall have the right to purchase directly from the Corporation (subject to compliance with applicable law or regulations and any required precondition of approval or non-objection of the Federal Reserve, the Department and/or the FDIC if required) additional shares of Class A Common Stock (or securities convertible into Class A Common Stock) up to the maximum
percentage permitted under applicable change in bank control laws and regulations, in an amount necessary to maintain its aggregate ownership percentage of the Class A Common Stock at the same level as it was immediately subsequent to the
Closing Date, at the same price and on the same terms as the Additional Shares are issued (“Purchaser Additional Shares Purchase Right”); provided, however, the Purchaser 

  
 - 19 - 

 
Additional Shares Purchase Right shall expire the earlier to occur of (i) any transfer of Class A Common Stock by a Purchaser if following such transfer, the Purchasers fail to
beneficially own, in the aggregate, at least 4.9% of the issued and outstanding Class A Common Stock of the Corporation, (ii) either Purchaser declining to exercise its Additional Shares Purchase Right if following the issuance of
Additional Shares by the Corporation, the Purchasers fail to beneficially own, in the aggregate, at least 4.9% of the issued and outstanding Class A Common Stock of the Corporation or (iii) the passage of five (5) years subsequent to
the Closing Date. For purposes of this Section, “Acquisition Transaction” means any transaction entered into by the Corporation relating to any acquisition or purchase thereby of all or substantially all of the business, properties or
assets of, or any equity interest in, or any merger, consolidation, business combination or similar transaction involving, any third party pursuant to which the Corporation is the surviving entity thereof and its stockholders hold more than 50% of
the issued and outstanding Class A Common Stock upon completion of such Acquisition Transaction. The provisions of this Section shall survive Closing. 

5.12 New Management Equity Incentive Plan. It is anticipated that the Corporation will adopt one or more new management equity
incentive plans (the “Anticipated Equity Incentive Plans”). Corporation agrees that the Anticipated Equity Incentive Plans shall reflect the pricing of the Corporation’s Class A Common Stock in the Offering and under this
Agreement. 
 5.13 FDIC Policy. If requested by the Corporation, the Purchaser will promptly deliver such commitments, documents and
other materials as requested by the FDIC to comply with the FDIC Policy. 
  

	 	6.	MISCELLANEOUS 

 6.1 Survival of Provisions. 

(a) All statements contained in any officers’ certificates delivered by or on behalf of the Corporation or its subsidiaries pursuant to
this Agreement or in connection with the Transactions will be deemed representations or warranties of the Corporation under this Agreement. All representations and warranties contained in this Agreement made by or on behalf of the Corporation or the
Purchaser will survive the execution and delivery of this Agreement, and the sale and purchase of the Purchased Shares under this Agreement, and shall expire eighteen (18) months following the Closing Date (the “Survival Period”).

 (b) The other provisions of this Agreement are intended to survive closing indefinitely for such respective periods of time (if any) as
are consistent with the intent of each provision. 
 6.2 Successors and Assigns. This Agreement shall be binding upon and inure to
the benefit of and be enforceable by or against the respective successors and assigns of the parties hereto. 
 6.3 Notices. Written
notices under this Agreement shall be valid if sent by U.S. Certified Mail (Return Receipt Requested) or recognized overnight delivery service (with charges prepaid), or by telecopier facsimile with evidence of successful transmission to the
following respective addresses: 
  

					
		 	if to a Purchaser:	 	 Belfer Investment Partners, L.P.
 LIME Partners
LLC
 767 Fifth Avenue
 New York, NY 10153

Attention: Eileen Aptman
 Facsimile No.
(212) 644-2230

			
		 	with a copy to:	 	Cindy Golden at the same address and facsimile number

 or at such other address as such Purchaser or its legal counsel may have specified to the Corporation in writing, 

  
 - 20 - 

					
		 	and if to the Corporation:	 	 Equity Bancshares, Inc.
 Suite 200, 7701 Kellogg
Drive
 Wichita, KS 67207
 Attention: Brad S. Elliott

Chairman and Chief Executive Officer
 Facsimile No.
(316) 264-2905

			
		 	with a copy to:	 	 Stinson Morrison Hecker LLP
 1201 Walnut, Suite
2900
 Kansas City, Missouri 64106
 Attention: C. Robert
Monroe
 Telephone: (816) 842-8600
 Facsimile.
(816) 691-3495

 or at such other address as the Corporation or its legal counsel may have specified to the Purchaser in writing. Notices under
this Section shall be deemed given only when actually received. 
 6.4 Governing Law; Service of Process. All questions concerning
the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of Kansas, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of
Kansas or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Kansas. Each party hereby irrevocably waives personal service of process and consents to process being served in any such
suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement, by certified or registered first class mail, postage prepaid, and agrees that such service shall constitute good and
sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. 

6.5 Counterparts. This Agreement may be executed in one or more counterparts and, if executed in more than one counterpart, the
executed counterparts shall each be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 

6.6 Headings. The headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the
meaning or interpretation of, this Agreement. 
 6.7 Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall (to the full extent permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction. 

6.8 Expenses. In the event (i) the Closing occurs, or (ii) the Transactions contemplated by this Agreement are not
consummated other than due to a breach by Purchaser of any of its obligations under this Agreement or the failure of Purchaser to receive, if required, any applicable Required Approvals, the Corporation will reimburse Purchaser for its reasonable
documented out-of-pocket expenses incurred in connection with its due diligence and the preparation and negotiation of this Agreement and the Transactions contemplated thereby including, but not limited to, the fees and expenses of counsel incurred
by Purchaser and its Affiliates in connection with the transactions contemplated hereby; provided, that the Corporation shall not be obligated to reimburse Purchaser for total expenses in excess of $25,000. In addition, the Corporation will
pay transfer, stamp or documentary taxes, if any, imposed on Purchaser’s acquisition of the Purchased Shares. 
 6.9
Construction. Each agreement contained herein shall be construed (absent express provision to the contrary) as being independent of each other agreement contained herein, so that compliance with any one agreement shall not (absent such an
express contrary provision) be deemed to excuse compliance with any other agreement. Where any provision herein refers to action to be taken by any person or entity, or which such person or entity is prohibited from taking, such provision shall be
applicable whether such action is taken directly or indirectly by such person or entity. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction
will be applied against any party. 

  
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 6.10 Entire Agreement; Amendments. This Agreement supersedes all other prior oral or
written agreements between the Purchaser, the Corporation, their affiliates and persons acting on their behalf with respect to the matters discussed herein, and this Agreement and the instruments referenced herein, contain the entire understanding
of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Corporation nor the Purchaser makes any representation, warranty, covenant or undertaking with respect to such
matters. No provision of this Agreement may be amended other than by an instrument in writing signed by the Corporation and the Purchaser. No provision hereof may be waived other than by an instrument in writing signed by the party against whom
enforcement is sought. 
 6.11 No Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and
their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person other than Indemnities. 

6.12 Indemnification. 

(a) Subject to Section 6.1 and in consideration of the Purchaser’s execution and delivery of this Agreement and acquiring the
Purchased Shares thereunder and in addition to all of the Corporation’s other obligations under this Agreement, the Corporation shall defend, protect, indemnify and hold harmless the Purchaser and each of their general and limited partners,
members, officers, directors, and employees and any of the foregoing persons’ agents or other representatives (including, without limitation, those retained in connection with the Transactions) (collectively, the “Indemnitees”) from
and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages, and expenses in connection therewith (irrespective of whether any such Indemnitee (as hereinafter defined) is a party to the
action for which indemnification hereunder is sought), and including reasonable documented attorneys’ fees and disbursements (the “Indemnified Liabilities”), incurred by Indemnitee as a result of, or arising out of, or relating to
(a) any misrepresentation or breach of any representation or warranty made by the Corporation in this Agreement or any other certificate, instrument or document delivered pursuant hereto, (b) any breach of any covenant, agreement or
obligation of the Corporation contained in this Agreement or any other certificate, instrument or document delivered pursuant hereto, or (c) any cause of action, suit or claim brought or made against such Indemnitee by a third party (including
for these purposes a derivative action brought on behalf of the Corporation) and arising out of or resulting from the execution, delivery, performance or enforcement of this Agreement, any other certificate, instrument or document contemplated
hereby or thereby and the Transactions contemplated hereby, except to the extent that any such cause of action, suit or claim (including any administrative process by any governmental agency) is based upon actions or omissions of the Indemnitee or
its agents or representatives, including without limitation, Indemnitee’s violation of any provision of the BHC Act, the Change in Bank Control Act or any other federal or state banking law. To the extent that the foregoing undertaking by the
Corporation may be unenforceable for any reason, the Corporation shall make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under applicable law, including 12 CFR 359. 

(b) Promptly after receipt by an Indemnitee under this Section of notice of the commencement of any action or proceeding (including any
governmental action or proceeding) involving an Indemnified Liability, such Indemnitee shall, if a claim for indemnification in respect thereof is to be made against any indemnifying party under this Section, deliver to the indemnifying party a
written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of
the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnitee; provided, however, that an Indemnitee shall have the right to retain its own counsel with fees and expenses of not more than one counsel for
such Indemnitee to be paid by the indemnifying party, only if, in the reasonable opinion of the Indemnitee, the representation by such counsel of the Indemnitee and the indemnifying party would be inappropriate due to actual or potential differing
interests between such Indemnitee and any other party represented by such counsel in such proceeding; and provided, further, in no event shall the indemnifying party be liable for fees and expenses of more than one counsel separate from its
own counsel for all Indemnitees in connection with any one action or separate but 

  
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similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances. The Indemnitee shall cooperate fully with the indemnifying party in connection
with any negotiation or defense of any such action or Indemnified Liabilities by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the Indemnitee that relates to such action or Indemnified
Liabilities. The indemnifying party shall keep the Indemnitee fully apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party shall be liable for any settlement of any action,
claim or proceeding effected without its prior written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the prior written consent of
the Indemnitee, which consent shall not be unreasonably withheld conditioned or delayed, consent to entry of any judgment or enter into any settlement or other compromise which (i) does not include as an unconditional term thereof the giving by
the claimant or plaintiff to such Indemnitee of a release from all liability in respect to such Indemnified Liabilities or litigation, (ii) requires any admission of wrongdoing by such Indemnitee, or (iii) obligates or requires an
Indemnitee to take, or refrain from taking, any action. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnitee with respect to all third parties, firms or corporations relating
to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the
Indemnitee under this Section, except to the extent that the indemnifying party is prejudiced in its ability to defend such action. 
 (c)
At the option of an Indemnitee, the indemnification required by this Section shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or Indemnified Liabilities are
incurred. 
 6.13 [Intentionally omitted.] 

6.14 Payment Set Aside. To the extent that the Corporation makes a payment or payments to the Purchaser hereunder or the Purchaser
enforces or exercises its rights hereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from,
disgorged by or are required to be refunded, repaid or otherwise restored to the Corporation, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or
equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such
enforcement or setoff had not occurred. 
 6.15 Termination. 

This Agreement may be terminated, and the Transactions contemplated hereby abandoned, at any time prior to the Closing on the purchase and
sale of Purchased Shares): 
 (a) by the mutual written consent of the Purchaser and the Corporation; 

(b) by either the Purchaser or the Corporation if, at October 15, 2010 either (i) any Required Approval shall have been denied or
not received, or (ii) any Governmental Authority shall have issued an order enjoining or otherwise prohibiting consummation of the Transactions contemplated by this Agreement that then remains in effect; 

(c) by either the Purchaser or the Corporation if the other party materially breaches its obligations under this Agreement; 

  
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 (d) by either the Purchaser or the Corporation if the Closing on the purchase and issuance of the
Purchased Shares has not occurred on or before October 15, 2010 and the failure to close by such date is not caused or substantially contributed to by the breach, by the terminating party, of any of its obligations under this Agreement. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the parties have caused this Stock Purchase Agreement to be duly executed and
delivered as of the date first above written. 
  

									
	Attest: [Corporate Seal]	 		 	EQUITY BANCSHARES, INC.
					
	By:	 	 /s/ Julie Huber
	 		 	By:	 	 /s/ Brad S. Elliott

	Name:	 	Julie Huber	 		 	Name:	 	Brad S. Elliott
	Title:	 	Secretary	 		 	Title:	 	Chairman and Chief Executive Officer
				
		 		 		 	BELFER INVESTMENT PARTNERS, L.P.
					
		 		 		 	By:	 	 /s/ Laurence D. Belfer

		 		 		 	Name:	 	Laurence D. Belfer
		 		 		 	Title:	 	Managing Member of the General Partner
				
		 		 		 	LIME Partners LLC
					
		 		 		 	By:	 	 /s/ Laurence D. Belfer

		 		 		 	Name:	 	Laurence D. Belfer
		 		 		 	Title:	 	Managing Member of the Managing Member

	 	7.	FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT 

 This FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (this
“Amendment”), dated as of October 13, 2010, is made among EQUITY BANCSHARES, INC., a Kansas business corporation (the “Corporation”) with its chief executive offices at Suite 200, 7701 Kellogg Drive, Wichita, KS 67207, and
Belfer Investment Partners, L.P. (“Belfer”) and LIME Partners LLC (“Lime”), each with its chief executive offices at 767 Fifth Avenue, New York, New York 10153 (Belfer and Lime are sometimes referred to herein individually and
collectively as the “Purchaser”). 
 Background: 

A. The Corporation and Purchaser are parties to that certain Stock Purchase Agreement (the “Agreement”) dated as of October 7, 2010, relating
to the proposed purchase by Purchaser and sale by Corporation of (a) that number of shares of the Corporation’s Class A Common Stock as shall equal the lesser of (i) 209,720 shares, or (ii) 5.0% of the Corporation’s
Class A Common Stock outstanding immediately after such purchase (the “Purchased Shares”), in a limited offering (the “Offering”) eligible for exemption from registration under the Securities Act of 1933, as amended (the
“1933 Act”) pursuant to Rule 506 of Regulation D of the Securities and Exchange Commission (“SEC”). 
 B. The Corporation and Purchaser
desire to modify certain provisions of the Agreement. 
 NOW, THEREFORE, intending to be legally bound hereby, and in consideration of the mutual benefits
of this Amendment and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1. The provisions of this Amendment shall supersede any inconsistent provisions contained in the Agreement. All capitalized items not otherwise defined herein
shall have the same meanings ascribed to them in the Agreement. 
 2. Section 5.11 of the Agreement is hereby modified to read in its entirety as
follows: 
 5.11 Additional Purchases. In the event that the Corporation issues additional shares of common or preferred stock (or
other securities convertible into common stock) (‘‘Additional Shares”) following the Closing Date (‘‘Additional Shares” shall exclude shares of Class A Common Stock or Class B Common Stock issued (i) pursuant to
Plan Issuances, (ii) in an Acquisition Transaction, or (iii) as a dividend on the Class A Common Stock or Class B Common Stock or as a result of a stock split of the Class A Common Stock or Class B Common Stock), the Purchaser
shall have the right to purchase directly from the Corporation (subject to compliance with applicable law or regulations and any required precondition of approval or non-objection of the Federal Reserve, the Department and/or the FDIC if required)
additional shares of Class A Common Stock (or securities convertible into Class A Common Stock) up to the maximum percentage permitted under applicable change in bank control laws and regulations, in an amount necessary to maintain its
aggregate ownership percentage of the Class A Common Stock at the same level as it was immediately subsequent to the Closing Date, at the same price and on the same terms as the Additional Shares are issued (“Purchaser Additional Shares
Purchase Right”); provided, however, the Purchaser Additional Shares Purchase Right shall expire the earlier to occur of (i) any transfer of Class A Common Stock by a Purchaser if following such transfer, the Purchasers fail to
beneficially own, in the aggregate, at least 

 
4.25% of the issued and outstanding Class A Common Stock of the Corporation, (ii) either Purchaser declining to exercise its Additional Shares Purchase Right if following the issuance
of Additional Shares by the Corporation, the Purchasers fail to beneficially own, in the aggregate, at least 4.25% of the issued and outstanding Class A Common Stock of the Corporation or (iii) the passage of five (5) years subsequent
to the Closing Date. For purposes of this Section, “Acquisition Transaction” means any transaction entered into by the Corporation relating to any acquisition or purchase thereby of all or substantially all of the business, properties or
assets of or any equity interest in, or any merger, consolidation, business combination or similar transaction involving, any third party pursuant to which the Corporation is the surviving entity thereof and its stockholders hold more than 50% of
the issued and outstanding Class A Common Stock upon completion of such Acquisition Transaction. The provisions of this Section shall survive Closing. 

3. This Amendment shall not constitute an agreement by the Corporation or Purchaser, and shall not be binding upon the Corporation or Purchaser, nor shall it
be deemed to be or evidence an offer by either party to the other, unless and until this Amendment shall be executed by both the Corporation and Purchaser and shall be delivered by each party to the other. This Amendment may be executed in two or
more counterparts, all of which taken together shall constitute a single instrument. 
 4. This Amendment may not be changed orally, and shall be binding
upon and shall inure to the benefit of the parties to it, their respective heirs, successors and, as permitted, their assigns. 
 5. Except as hereby
modified or amended, all of the terms, covenants and conditions of the Agreement shall remain unmodified and in full force and effect. 

  
 -2- 

 IN WITNESS WHEREOF, the parties have caused this First Amendment to Stock Purchase Agreement to be duly executed
and delivered as of the date first above written. 
  

									
	Attest:	 	[Corporate Seal]	 		 	EQUITY BANCSHARES, INC.
	By:	 	 /s/ Julie Huber
	 		 	
	Name:	 	Julie Huber	 		 	By:	 	 /s/ Brad S. Elliott

	Title:	 	Secretary	 		 	Name:	 	Brad S. Elliott
		 		 		 	Title:	 	Chairman and Chief Executive Officer
				
		 		 		 	BELFER INVESTMENT PARTNERS, L.P.
					
		 		 		 	By:	 	Belfer Management LLC, General Partner
		 		 		 	By:	 	 /s/ Laurence D. Belfer

		 		 		 	Name:	 	Laurence D. Belfer
		 		 		 	Title:	 	Managing Member
				
		 		 		 	LIME Partners LLC
					
		 		 		 	By:	 	 /s/ Eileen Aptman

		 		 		 	Name:	 	Eileen Aptman
		 		 		 	Title:	 	Managing Member

  
 -3-

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