Document:

Placement Agreement by and between the Company and Raymond James & Associates

 Exhibit 10.1 
 FIRST COMMUNITY BANK CORPORATION OF FLORIDA 
 Up to
600,000 Units 
 Each Consisting of 4.165 Shares of Common Stock 
 and one Share of 
 10% Cumulative Convertible Perpetual Preferred Stock, Series B 
 (liquidation preference - $25.00 per share)

  
  
 PLACEMENT AGREEMENT 
  
  
 December 29,
2009 
 Raymond James & Associates, Inc. 
 880 Carillon Parkway 
 St. Petersburg, Florida 33716 
 Ladies and Gentlemen: 
 1.
The Placement. (a) First Community Bank Corporation of America (the “Company”) proposes to issue in a public offering (the “Offering”) up to 600,000 units (“Units”), each of which
consists of (a) one share of 10.00% cumulative convertible preferred stock, Series B, par value $0.01 with a liquidation preference of $25.00 per share (“Preferred Stock”) and (b) 4.165 shares (the “Initial
Shares”, together with the Preferred Stock, the “Securities”) of the Company’s common stock, par value $0.05 per share (the “Common Stock”). Units will be offered at a price of $33.33 in cash per Unit
(the “Offering Price”). The terms of the Preferred Stock will be set forth in Articles of Amendment to the Amended and Restated Articles of Incorporation (the “Articles of Amendment”) to be filed by the Company with
the Secretary of State of the State of Florida. Each share of the Preferred Stock will be convertible into shares of Common Stock of the Company at the conversion price of $2.50 per share of Common Stock, subject to adjustments, as set forth in the
Articles of Amendment. The shares issuable upon conversion of the Preferred Stock are called the “Conversion Shares”. This Placement Agreement (the “Agreement”), the Articles of Amendment and other documents related
to the Offering are referred to as the “Transaction Documents.” 
 (b) The Company has filed with the
Securities and Exchange Commission (the “Commission” or “SEC”) a registration statement on Commission Form S-1 (File No. 333-163198) under the Securities Act of 1933 and the Commission’s rules and
regulations thereunder (the “Securities Act”), and have filed such amendments to such registration statement on Form S-1, if any, as may have been required prior to the date hereof. The Company will prepare and file such additional
amendments thereto as may hereafter be required. The prospectus in the form included in the Registration Statement with respect to the Offering or, if the prospectus included

  

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in the Registration Statement with respect to the Offering omits certain information in reliance upon Rule 430A under the Securities Act and such information is thereafter included in a
prospectus filed with the Commission pursuant to Rule 424(b) under the Securities Act or as part of a post-effective amendment to the Registration Statement after the Registration Statement becomes effective, the prospectus with respect to the
Offering as so filed, as amended or supplemented, is referred to in this Agreement as the “Prospectus.” For purposes of this Agreement, “free writing prospectus” has the meaning ascribed to it in Rule 405 under the
Securities Act, and “Issuer Free Writing Prospectus” shall mean each free writing prospectus prepared by or on behalf of the Company or used or referred to by the Company in connection with the Offering. The term
“Registration Statement,” as used herein, means the registration statement, as amended and supplemented and including all financial statements and all exhibits and documents incorporated therein by reference, at the time it became
effective and as amended by any post effective amendment thereto), including the information, if any, omitted therefrom in reliance upon Rules 430A, 430B or 430C under the Securities Act and contained in the Prospectus referred to below. If the
Company files another registration statement with the Commission to register Securities with respect to the Offering pursuant to Rule 462(b) under the Act (the “Rule 462 Registration Statement”), then any reference to
“Registration Statement” herein shall be deemed to include the Rule 462 Registration Statement, as each such registration statement may be amended pursuant to the Securities Act. For purposes of this Agreement, “free writing
prospectus” has the meaning ascribed to it in Rule 405 under the Act, and “Issuer Free Writing Prospectus” shall mean each free writing prospectus prepared by or on behalf of the Company or used or referred to by the
Company in connection with the offering of the Units. The term “Offering Materials” shall refer to (i) the Registration Statement, (ii) the Prospectus, (iii) each Issuer Free Writing Prospectus; and (iv) any
newspaper announcements, press releases and other offering materials and information issued or used in connection with the Offering. All references in this Agreement to the Registration Statement, the Prospectus, or any amendments or supplements to
either of them, shall be deemed to refer to and include any documents incorporated by reference therein, and shall include any copy thereof filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval System
(“EDGAR”). As used herein, the term “Incorporated Documents” means the documents that are incorporated by reference in the Registration Statement and the Prospectus or any amendment or supplement thereto.

 In consideration of the premises, the mutual agreements contained in this Agreement and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by each party, the parties, intending to be legally bound, agree as follows: 
 2. Offering and Sale of Securities. 
 (a) On the terms and
subject to the conditions of this Agreement, the Company hereby confirms that Raymond James & Associates, Inc. has been appointed as the exclusive placement agent (the “Placement Agent” or “RJA”) and will
be the exclusive agent during the Offering Period specified in this section (the “Offering Period”) to offer Units of the Company’s existing holders of Common Stock and other institutional and retail investors. The Offering
Period will commence on a date mutually acceptable to the Company and the Placement Agent (the “Commencement Date”) and will end at 5:00 P.M., Eastern Time, the Offering termination date, which shall be not later than
January 29, 2010 (the “Expiration 

  

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Date”), unless earlier terminated, or extended by our mutual agreement to a date not later than February 12, 2010. Subject to the performance by the Company, and its subsidiary,
First Community Bank of America (the “Bank”) of all their obligations hereunder, and in reliance upon the completeness and accuracy of the representations, warranties and covenants of the Company and the Bank contained herein, the
Placement Agent hereby accepts such agency upon the terms and conditions of this Agreement. The Company acknowledges and agrees that it has made its own independent investigation of the desirability to the Company of offering and selling the Units
(including, without limitation, the Securities, the Conversion Price and the Conversion Shares) in the Offering and on the terms and conditions contemplated, and that they have not relied upon the Placement Agent in making such decisions.

 (b) The Placement Agent shall use its reasonable commercial “best efforts”, subject to the terms and conditions of
this Agreement, to sell Units. The Placement Agent, in fulfilling its obligations hereunder, may, in its sole discretion, engage brokers, dealers, or other third parties to solicit Purchasers of the Units or to refer potential Purchasers of the
Units. The Placement Agent may, in its sole discretion, enter into agreements with, and pay fees to, such third parties as the Placement Agent deems appropriate in connection with such activities. The Placement Agent shall not, either directly or
indirectly, in fulfilling its obligations hereunder, act as an underwriter for the Units (including the Securities) and is in no way obligated or committed, directly or indirectly, to advance its own funds to purchase any Units or Securities or to
purchase or to assure the purchase of any Units or Securities; provided, however, nothing herein shall preclude the Placement Agent from purchasing and reselling Units or Securities using the Offering Materials or other information
provided thereunder or hereunder by the Company in the Placement Agent’s sole discretion. In making any such purchases or resales, the Placement Agent will rely upon representations, warranties, covenants of the Company and the Bank herein, and
in any Transaction Documents provided by or on behalf of the Company and the Bank. 
 (c) The Placement Agent’s agency
under this Agreement is coupled with an interest, and therefore is not terminable by of the Company and the Bank without the Placement Agent’s prior express written consent. Unless earlier terminated by the Placement Agent, the Placement
Agent’s agency under this Agreement will continue until the Expiration Date. 
 (d) The Company shall pay the Placement
Agent for its services as Placement Agent hereunder the respective percentages of the Offering Price for the Units sold in the Offering (collectively, the “Placement Agent Fee”) specified in Exhibit 1 hereto. 

3. Delivery of the Shares and Payment Therefor. 
 The Company will determine which offers to purchase Units it will accept daily, as these are received. As a result, there will be no formal
closing. The Company has made appropriate arrangements with its transfer agent and registrar of the shares of Preferred Stock and Common Stock to issue certificates or book-entry evidences of such Securities promptly upon acceptance of purchase
order in the Offering (each such time and date of acceptance, an “Acceptance Time”). Each time and date for the delivery of the certificates representing the Securities underlying the Units sold shall be a “Delivery
Time.” 
  

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 4. Representations and Warranties. the Company and the Bank jointly and
severally represent and warrant to RJA, and agrees with RJA, that as of the date hereof, and at each Acceptance Time and each Delivery Time, and at all times through the termination, completion or expiration of the Offering (individually and
collectively, the “Expiration Date”). 
 (a) Eligibility. The Company was not at the time of
initial filing of the Registration Statement and at the earliest time thereafter that the Company or another offering participant made a bona fide offer (within the meaning of Rule 164(h)(2) of the Securities Act) of the Common Stock, and is
not on the date hereof and will not be at any Acceptance Time or Delivery Time an “ineligible issuer” (as defined in Commission Rule 405). 
 (b) Conformity to Securities Act Requirements. The Registration Statement (including any documents permitted by the Act and Commission Form S-1 to be incorporated by reference
(“Incorporated Documents”)) conformed, and any amendment to the Registration Statement filed after the date hereof will conform in all material respects when filed, to the requirements of the Securities Act. The Prospectus conforms,
in all material respects when filed with the Commission pursuant to Rule 424(b) to the requirements of the Act. The Registration Statement does not contain an untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary to make the statements therein not misleading. 
 (c) Incorporation By Reference. The Company
is eligible, and has elected, to incorporate information by reference pursuant to Commission Form S-1, General Instruction VII. The Incorporated Documents heretofore filed, when they were or are filed (or, if any amendment with respect to any such
document was filed, when such amendment was filed), conformed in all material respects with the requirements of the Securities Exchange Act of 1934, as amended, and the SEC’s rules and regulations thereunder (“Exchange Act”),
and Form S-1, Item 12, and any further Incorporated Documents so filed will, when they are filed, conform in all material respects with the requirements of the Exchange Act, including, without limitation, Form S-1, Item 12; no such
Incorporated Document when it was filed or is filed (or, if an amendment with respect to any such document was filed, when such amendment was filed), contained an untrue statement of a material fact or omitted to state a material fact required to be
stated therein or necessary in order to make the statements therein not misleading; and no such further Incorporated Document, when it is filed, will contain an untrue statement of a material fact or will omit to state a material fact required to be
stated therein or necessary in order to make the statements therein not misleading. The Incorporated Documents constitute all the documents required to be incorporated pursuant to Item 12 of Form S-1. 
 (d) Prospectus. The Prospectus will not contain an untrue statement of a material fact or omit to state a 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; provided that no representation or warranty is made as to information contained in or
omitted from the Prospectus in reliance upon and in conformity with written information furnished to the Company by the Placement Agent specifically for inclusion therein, provided further the only information furnished to the Company by the
Placement Agent is the information summarized in the “Plan of Distribution” section of the Prospectus. 
  

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 (e) Issuer Free Writing Prospectus. Each Issuer Free Writing Prospectus
(including, without limitation, any road show or similar presentation that is a free writing prospectus under Rule 433) did not and will not contain an untrue statement of a material fact or omit to state a 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. Each Issuer Free Writing Prospectus conformed or will conform in all material respects to the requirements of the
Securities Act on the date of first use, and the Company has complied and will comply with all prospectus delivery and any filing requirements applicable to each such Issuer Free Writing Prospectus pursuant to the Securities Act. The Company has not
made and will not make any offer relating to the Offering that would constitute an Issuer Free Writing Prospectus without the prior written consent of the Placement Agent. The Company has retained and will retain in accordance with the Securities
Act all Issuer Free Writing Prospectuses that are not required to be filed pursuant to the Securities Act. The Company has taken all actions necessary so that any “road show” (as defined in SEC Rule 433) in connection with the offering of
the Units and the Securities will not be required to be filed pursuant to the Securities Act. Each such Issuer Free Writing Prospectus, as of its issue date and at all subsequent times through each Acceptance Time and Delivery Time, and at the
Expiration Date, does not and will not include any information that conflicted, conflicts with or will conflict with the information contained in the Registration Statement or the Prospectus, including any Incorporated Document. 
 (f) Capitalization. The capitalization of the Company is and will be as set forth in the Prospectus as of the date set forth
therein. The Articles of Amendment have been duly authorized and filed of record by the Company, comply with all applicable Laws and are in full force and effect. The Articles of Amendment set forth the rights, preferences and priorities of the
Preferred Stock, and the holders of the Preferred Stock will have the rights set forth in the Articles of Amendment. All the outstanding shares of Common Stock and Preferred Stock of the Company, Units (including the Securities and the Conversion
Shares issuable upon conversion) have been, and will be, duly authorized and validly issued, and are and will be fully paid and nonassessable and are free of any preemptive or similar rights. Except as specifically set forth in the Registration
Statement and the Prospectus, the Company is not a party to or bound by any outstanding options, warrants or similar rights to subscribe for, or contractual obligations to issue, sell, transfer or acquire, any of its capital stock or any securities
convertible into or exchangeable for any of such capital stock; the Units (including the Securities and the Conversion Shares) to be issued and sold to the Purchasers by the Company hereunder have been duly authorized and, when issued and delivered
to the Purchasers against full payment therefor in accordance with the terms hereof, all such Securities (including the Conversion Shares when issued) will be validly issued, fully paid and nonassessable and free of any preemptive or similar rights;
the capital stock of the Company conforms to the description thereof in the Registration Statement and the Prospectus (or any amendment or supplement thereto). The delivery of certificates or book-entry or other evidences of ownership representing
the Preferred Stock and Common Stock comprising the Units (and the Conversion Shares when issued) being sold by the Company against payment therefor pursuant to the terms of this Agreement will pass valid title to such Securities, free and clear of
any claim, encumbrance or defect in title, to the Purchasers purchasing such shares in good faith and without notice of any lien, claim or encumbrance. The certificates for the shares of Preferred Stock and Common Stock being sold by the Company and
for the Conversion Shares, at the time of issuance, are in valid and sufficient form under the laws

  

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of the jurisdiction where the Company is organized and existing and under the Company’s articles of incorporation and by-laws, each as amended. 
 (g) Good Standing. Each of the Company, the Bank and their respective subsidiaries is an entity or corporation duly organized,
validly existing and in good standing under the laws of its jurisdiction of incorporation, with full power and authority or limited liability company power and authority to own its properties and conduct its businesses as described in the
Registration Statement and the Prospectus; and it is duly qualified to do business as a foreign corporation in good standing in all jurisdictions in which it owns or leases substantial properties or in which the conduct of its businesses requires
such qualification, except where the failure to be so qualified or in good standing would not, individually or in the aggregate, have a material adverse effect on the condition (financial or other), business, prospects, results of operations or cash
flow of the Company (a “Material Adverse Effect”). 
 (h) Thrift Holding Company Status. The
Company has been duly registered, and is in good standing, as a savings and loan holding company, under the applicable provisions of Home Owners’ Loan Act, as amended, and the regulations of the Office of Thrift Supervision
(“OTS”) promulgated thereunder (“HOLA”). Each of the Company and its subsidiaries is in compliance in all material respects with all applicable laws administered by and regulations of the U.S. Department of
Treasury, the Federal Reserve, the OTS, the Federal Deposit Insurance Corporation (“FDIC”), the Florida Office of Financial Regulation, the Florida Division of Financial Institutions and any other federal or state bank regulatory
authority (collectively, the “Regulatory Authorities”) with jurisdiction over the Company, or any other direct or indirect subsidiaries of the Company, other than where such failures to comply would not, individually or in the
aggregate, have a Material Adverse Effect. Except as otherwise specifically disclosed in the Registration Statement and the Prospectus, neither the Company nor the Bank is a party to any written agreement, cease and desist or consent order, or
memorandum of understanding with, or a party to, any commitment letter or similar undertaking to, or is subject to any order or directive by, or is a recipient of an extraordinary supervisory letter, or formal or informal action, including actions
or resolutions adopted by their respective boards of directors requested or required by any Regulatory Authority (collectively, “Enforcement Actions”) that imposes sanctions or limitations upon the Company or the Bank, or which
restricts, requests changes in, or directs the conduct of the business of the Company or any of its subsidiaries including the Bank, or in any manner relates to its capital adequacy, growth, funding mix, brokered deposits, credit policies or its
management, nor have any of them been advised by any Regulatory Authority that it is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such Enforcement Action, except, in each case, as are
disclosed specifically in the Prospectus. The most recent regulatory rating given to the Bank as to compliance with the Community Reinvestment Act of 1977, as amended (the “Community Reinvestment Act”) is “satisfactory.”

 (i) Subsidiaries. The Company owns, directly or indirectly, all of the issued and outstanding capital equity of
each of its subsidiaries, all of which have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Company free and clear of any security interests, options, rights of first refusal, liens, charges,
encumbrances, mortgages, equities or claims (“Liens”). The Company does not have any subsidiaries and does not own a material interest in or control, directly or indirectly, any other corporation, partnership,

  

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joint venture, association, trust or other business organization, except as set forth in Exhibit 21 to the Registration Statement. The Bank has been “well-capitalized” for all
regulatory purposes at all times during all periods for which financial data is included or incorporated in the Registration Statement and Prospectus, except as specifically provided otherwise in the Registration Statement and Prospectus.

 (j) Due Authorization. The Company and the Bank have all requisite corporate power and authority to execute,
deliver and perform this Agreement and all other Transaction Documents to which they are parties, and, the Company has all requisite corporate power and authority to make and consummate the Offering and the other transactions contemplated by the
Registration Statement and the Prospectus (collectively, the “Transactions”); and all necessary action has been duly taken by the Company and the Bank, as applicable, to authorize the execution, delivery, performance, making and
consummation, as the case may be, of the Transactions and the Transaction Documents. Such authorizing resolutions or actions and this Agreement have been and will be maintained continuously as official written records of each of the Company and each
of the Banks. This Agreement has been duly authorized, executed and delivered on behalf of the Company and the Bank and is a valid and binding agreement of the Company and the Bank and, assuming that this Agreement is the valid and binding
obligation of RJA, is enforceable against the Company and the Bank in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other similar laws
of general applicability relating to or affecting the enforcement of creditors’ rights generally (regardless of whether enforceability is considered in a proceeding in equity or at law), and to general principles of equity and to limitations on
the rights to indemnity and contribution that exist by virtue of public policy (the “Bankruptcy and Equity Exception”). The Articles of Amendment have been duly authorized by the Company, and set forth the rights, preferences and
priorities of the Preferred Stock, and the holders of the Preferred Stock will have the rights set forth in the Articles of Amendment. 
 (k) Compliance with Laws. The execution, delivery, and performance of the Transaction Documents and the consummation, as the case may be, of the Transactions will comply in all material respects with (i) all applicable
requirements of laws, judgments and judicial or arbitral decrees and orders, regulations, published interpretations and guidelines, and requirements (“Laws”) of the Regulatory Authorities and any governmental agency, body, authority
or commission, whether federal, state, local or foreign (individually and collectively with Regulatory Authorities, “Governmental Authorities”), and the rules and requirements of the Nasdaq Capital Market (“Nasdaq”)
and The Depository Trust Company. No consent, authorization or approval of, or filing, exemption, registration, qualification or other action with, any Governmental Authorities, is required in connection with the entering into, the performance, the
making and the consummation, as the case may be, of this Agreement and the Transactions, and all of these are and will be in full force and effect as of the Commencement Date through the Expiration Date. The Company has given written notice to the
OTS and the other Regulatory Authorities having jurisdiction over the Company and the Bank and the Transactions of its intent to engage in the Transactions, and neither the OTS nor any other applicable Regulatory Authority has expressed any
objection to the Transactions. 
  

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 (l) No Legal Proceedings. There are no legal, arbitral, regulatory or other
proceedings (including, without limitation, formal or informal Enforcement Actions of any kind) by or before any Governmental Authorities pending or, to the best knowledge of the Company, threatened, against the Company or its subsidiaries or to
which the Company or its subsidiaries. Except as specifically described in the Registration Statement and the Prospectus, there is no claim, action, suit, inquiry, proceeding, investigation or Enforcement Action (“Proceedings”), or
specific requirement of any kind by or before any Governmental Authority or arbitral pending or, to the best knowledge of the Company, threatened, against or involving the Company or its subsidiaries, or to which any of their properties are subject,
which might individually or in the aggregate prevent or adversely affect the transactions contemplated by this Agreement or result in a Material Adverse Effect, nor to the Company’s knowledge, is there any basis for any such Proceeding or
specific requirements requested or imposed upon the Company or any of its subsidiaries of any kind. 
 (m)
Contracts. There are no agreements, contracts, indentures, documents, leases, instruments (“Contracts”) that are required to be described in the Registration Statement or the Prospectus (or any amendment or supplement
thereto) or to be filed as an exhibit to the Registration Statement that are not described, filed or incorporated by reference in the Registration Statement and the Prospectus as required by the Securities Act. All such Contracts to which the
Company or any of its subsidiaries is a party have been duly authorized, executed and delivered by the Company or the applicable subsidiary, constitute valid and binding agreements of the Company or the applicable subsidiary and are enforceable
against the Company or the applicable subsidiary in accordance with the terms thereof, except as enforceability thereof may be limited by (i) the application of bankruptcy, reorganization, insolvency and other laws affecting creditors’
rights generally and (ii) equitable principles being applied at the discretion of a court before which any proceeding may be brought. Neither the Company nor the applicable subsidiary is in default under, or has received notice or been made
aware that any other party to such Contracts is in breach of or default to the Company under, or that any event, with or without notice or the passage of time, that would be a default, has occurred and is existing, with respect to any such
Contracts, except as specifically described in the Prospectus and Registration Statement. 
 (n)
Non-contravention. Except as described specifically in the Registration Statement and the Prospectus, neither the Company nor any of its subsidiaries is (i) in violation of (A) its articles of incorporation, articles of
association or bylaws, or other organizational documents, each as amended, or resolutions of its board of directors, (B) any ordinance (the violation of which would have a Material Adverse Effect) or any state, federal or foreign Law applicable
to, or any request or requirement made or imposed upon, the Company or any of its subsidiaries by any Governmental Authority, or (C) any decree of any Governmental Authority having jurisdiction over the Company or any of its subsidiaries; or
(ii) in default in any material respect in the performance of any obligation, agreement or condition contained in (A) any bond, debenture, note or any other evidence of indebtedness, (B) any indentures or Contracts or (c) in
timely declaring and paying any dividends on any series of preferred stock, including the Fixed Rate Cumulative Perpetual Preferred Stock, Series A (each of (A) and (B), an “Instrument”) to which the Company or any of its
subsidiaries is a party, a guarantor or a beneficiary of a guarantee or similar instrument, or by which any of their properties may be bound, which default, individually or in the aggregate, would have a Material Adverse Effect; and there does

  

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not exist any state of facts that constitutes an event of default on the part of the Company or any of its subsidiaries as defined in such documents or that, with notice or lapse of time or both,
would constitute such an event of default. 
 (o) Reservation of Shares, etc. Each of the Securities, including
the Conversion Shares issuable upon conversion of shares of Preferred Stock will (i) conform in all material respects to the description thereof contained in the Registration Statement and the Prospectus and (ii) when issued and delivered
against payment therefor in accordance with the terms of the Registration Statement and the Prospectus, and in the case of the Conversion Shares, when the Preferred Stock is converted into Conversion Shares, will be duly and validly issued, fully
paid and non-assessable, with no personal liability for the debts or obligations of the Company attaching to the ownership thereof, and free of any statutory and contractual preemptive rights and all Liens, and will be sufficient in number to be
issued to the Purchasers. The Company has reserved, and will maintain and reserve at all times prior to conversion or redemption of all shares of Preferred Stock, a sufficient number of shares of Common Stock for issuance upon the conversion of the
Preferred Stock. 
 (p) No Approval Required. None of the issuance and sale of the Securities by the Company, the
execution, delivery or performance of this Agreement by the Company and the Bank nor the consummation by the Company and the Bank of the Transactions contemplated hereby: (i) requires any consent, approval, authorization or other order of or
registration or filing with, any Governmental Authority, except as may be required for the registration of the Units (including the Securities and the underlying Conversion Shares) under the Securities Act, the listing of the Initial Shares and the
Conversion Shares for trading on Nasdaq, the registration of the Preferred Stock under the Exchange Act and compliance with the securities or blue sky laws of various jurisdictions, all of which will be, or have been, effected in accordance with
this Agreement, and except for the FINRA’s clearance of the underwriting terms of the offering contemplated hereby as required under the FINRA’s Rules of Fair Practice); (ii) conflicts with or will conflict with or constitutes or will
constitute a breach of, or a default under, any of the Company’s or the Bank’s articles of incorporation, articles of association or bylaws, each as amended, or any Contract or any debt or equity instrument to which the Company or any of
its subsidiaries is a party or by which any of their respective properties may be bound or subject; (iii) violates any Law applicable to the Company or any of its subsidiaries or any of their properties; or (iv) results in a breach of, or
default or Debt Repayment Triggering Event (as defined below) or warrant adjustment under, or results in the creation or imposition of any Lien, upon any property or assets of the Company or any of its subsidiaries pursuant to, or requires the
consent of any other party to, any Contract or existing instrument, debt or security (“Instrument”), except for such conflicts, breaches, defaults, Liens, charges or encumbrances that will not, individually or in the aggregate,
result in a Material Adverse Effect. As used herein, a “Debt Repayment Triggering Event” means any event or condition that gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other
evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment, whether by acceleration or otherwise, of all or a portion of such indebtedness by the Company or any of its
subsidiaries. 
 (q) No Outstanding Options, etc. Except as described specifically in the Prospectus and the
Registration Statement, neither the Company nor any of its subsidiaries has

  

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outstanding and at the Closing Date and each Subsequent Closing Date, as the case may be, will have outstanding any options to purchase, or any warrants to subscribe for, or any securities or
obligations convertible into or exchangeable for, or any Contracts or commitments to issue or sell, any shares of Common Stock or any such warrants or convertible or exchangeable securities or obligations. No holder of securities of the Company has
rights to require the registration of any securities of the Company as a result of or in connection with the filing of the Registration Statement, the Offering or the consummation of the Transactions. 
 (r) No Stop Orders or Legal Prohibitions. No stop order or restraining order has been issued and no Proceeding has been
commenced or, to the Company’s knowledge, threatened with respect to the Offering or any of the Transactions before any Governmental Authority that would reasonably be expected to materially affect or delay the execution, delivery, performance,
making and consummation, as the case may be, of the Transactions and the issuance of the Securities. 
 (s) No Material
Adverse Change. Except as described specifically in the Prospectus and the Registration Statement, there have not been any facts, circumstances, events, changes, effects or occurrences that have had or are reasonably likely to have,
individually or in the aggregate, a Material Adverse Effect. Since the date of the latest consolidated balance sheet of the Company included in the Registration Statement, the Company and its subsidiaries (i) have not incurred, suffered or
undertaken any liabilities or obligations, direct or indirect, contingent or noncontingent, matured or unmatured, that are material to the business, prospects, properties, operations, financial condition or results of operations of the Company and
its subsidiaries, except for liabilities or obligations that were incurred, suffered or undertaken in the ordinary course of business consistent with past practice or that are disclosed specifically in the Registration Statement and the Prospectus,
(ii) entered into any transaction that is not in the ordinary course of business, (iii) sustained any material loss or interference with its business or properties from fire, flood, hurricane or windstorm, accident or other calamity or
event of any kind, whether or not covered by insurance, (iv) paid or declared any dividends or other distributions with respect to its capital stock, (v) the Company is not in default under the terms of any class of capital stock of the
Company or any outstanding debt obligations and has not failed to timely declare and pay when due any dividends on its outstanding preferred stock, (vi) there has not been any change in the authorized or outstanding capital stock of the Company
and (vii) there has not been any material adverse change, or any development involving or that may reasonably be expected to result in a Material Adverse Effect, in the condition (financial or otherwise), business, assets, liabilities, net
worth or result of operations of the Company and its subsidiaries, taken as a whole (“Material Adverse Change”). 
 (t) Registration of Securities. All offers and sales of the Company’s capital stock and other debt or other securities prior to the date hereof, including, without limitation, the offer and sale of shares of the
Company’s Series A Preferred Stock, were made in compliance with the registration requirements of, or were the subject of an available exemption from the Securities Act and all other applicable state and federal laws or regulations, or any
actions under the Securities Act or any state or federal laws or regulations in respect of any such offers or sales are effectively barred by effective waivers or statutes of limitation, except as specifically disclosed in the Prospectus.

  

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 (u) No Integration. The Company has not, prior to the date hereof, made any
offer or sale of any its securities which are required to be “integrated” pursuant to the Securities Act with the offer and sale of any Units (including the Securities and the underlying Conversion Shares). 
 (v) Nasdaq Listing. The Common Stock is (i) registered pursuant to Section 12(b) of the Exchange Act and
(ii) is listed on the Nasdaq, and the Company has taken no action designed to, or likely to have the effect of, terminating the registration of the Common Stock under the Exchange Act or the delisting the Common Stock from the Nasdaq, nor has
the Company received any notification that the Commission or the Nasdaq is contemplating terminating such registration or listing or that the Company has failed to meet the requirements for listing on the Nasdaq. The Company has applied to list the
shares of Preferred Stock on Nasdaq, and will, upon issuance, include the Conversion Shares as part of the shares of its Common Stock listed. 
 (w) No Stabilization or Manipulation of Prices. Other than activities permitted pursuant to SEC Regulation M under the Exchange Act, the Company has not taken and will not take, directly or
indirectly, any action that constituted, or any action designed to, or that might reasonably be expected to cause or result in or constitute, under the Exchange Act or otherwise, stabilization or manipulation of the price of any security of the
Company to facilitate the sale of the Units (including the Securities) and the Conversion Shares. 
 (x) Notices of Free
Writing Prospectus. The Company has not prepared or used, and shall not prepare or use, any Issuer Free Writing Prospectus without the prior written consent of the Placement Agent. Each Issuer Free Writing Prospectus, as of its issue date
and at all subsequent times through the completion of the Offering or until any earlier date that the Company notified or notifies the Placement Agent as described in the next sentence, did not, does not and will not include any information that
conflicted, conflicts or will conflict with the information then contained in the Registration Statement or the Prospectus. If at any time following issuance of an Issuer Free Writing Prospectus there occurred or occurs an event or development as a
result of which such Issuer Free Writing Prospectus conflicted or would conflict with the information then contained in the Registration Statement or the Prospectus, or as a result of which such Issuer Free Writing Prospectus, if republished
immediately following such event or development, would include an untrue statement of a material fact or omitted or would omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which
they were made, not misleading, (x) the Company has promptly notified or will promptly notify the Placement Agent in writing and (y) the Company has promptly amended or will promptly amend or supplement such Issuer Free Writing Prospectus
to eliminate or correct such conflict, untrue statement or omission. The Company has complied and will comply with the requirements of SEC Rule 433 under the Securities Act applicable to any Issuer Free Writing Prospectus, including timely filing
with the SEC or retention where required and legending. 
 (y) Registration Rights. Except as disclosed in the
Registration Statement and the Prospectus, there are no Contracts or understandings between the Company and any person granting such person the right to require the Company to file a registration statement under the Securities Act with respect to
any securities of the Company owned or to be owned by such

  

 11 

 
person or to require the Company to include such securities in the securities registered pursuant to the Registration Statement or in any securities being registered pursuant to any other
registration statement filed by the Company under the Securities Act. 
 (z) Financial Statements. The
consolidated financial statements of the Company, together with the related schedules and notes, contained in the Registration Statement, and the Prospectus present fairly in all material respects the consolidated financial position, results of
operations, cash flow and stockholders’ equity of the Company in conformity with generally accepted accounting principles (“GAAP”) on the basis stated in the Registration Statement and the Prospectus at the respective dates and
for the respective periods to which they apply. Such financial statements and related schedules and notes have been prepared in accordance with GAAP consistently applied throughout the periods involved, except as disclosed therein. The other
financial and statistical information and data with respect to the Company set forth in the Registration Statement and the Prospectus present fairly the information purported to be shown thereby at the respective dates or for the respective periods
to which they apply and have been prepared on a basis consistent with such financial statements and the books and records of the Company. There are no financial statements that are required to be included or incorporated by the Securities Act and
SEC Form S-1 in the Registration Statement and the Prospectus that are not included as required, and all disclosures contained in the Registration Statement and the Prospectus regarding “non-GAAP financial measures” (as such term is
defined by the rules and regulations of the SEC) comply with Item 10 of Regulation S-K under the Securities Act. 
 (aa)
Auditors. Hacker, John & Smith PA, the accountants who certified the financial statements included or to be included (in each case including incorporation by reference) in the Registration Statement and the Prospectus, were,
at the time such statements were certified and during the periods covered by such statements, and are, as of the date hereof, independent public accountants, as required by the Securities Act and Exchange Act. Hacker, John & Smith PA has
been, during the periods covered by the financial statements included in the Registration Statement and the Prospectus, duly registered and in good standing with the Public Company Accounting Oversight Board, and has not, during the periods covered
by the financial statements included in the Registration Statement and the Prospectus, provided to the Company any non-audit services, as such term is used in Section 10A(g) of the Exchange Act. 
 (bb) Sarbanes-Oxley Act. There is and has been no failure on the part of the Company or any of the Company’s directors or
officers, in their capacities as such, to comply in all material respects with (i) any provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith, including Section 402 related to loans
and Sections 302 and 906 related to certifications, and (ii) the corporate governance requirements of Nasdaq. 
 (cc)
Internal Controls. The Company and each of its subsidiaries maintains a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s
general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in
accordance with management’s general or specific authorization; and (iv) the recorded

  

 12 

 
accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. Since the end of the Company’s most
recent audited fiscal year, there has been (x) no material weakness in the Company’s internal control over financial reporting (whether or not remedied) and (y) no change in the Company’s internal controls over financial
reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. 
 (dd) Disclosure Controls. The Company and its subsidiaries employ disclosure controls and procedures (as such term is defined in Rule 13a-15 under the Exchange Act), which (A) are
designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission’s
rules and forms and that material information relating to the Company and its subsidiaries is made known to the Company’s principal executive officer and principal financial officer by others within the Company and its subsidiaries to allow
timely decisions regarding disclosure, and (B) are effective in all material respects to perform the functions for which they were established. Based on the evaluation of the Company’s and each subsidiary’s disclosure controls and
procedures described above, the Company is not aware of (x) any significant deficiency in the design or operation of internal controls which could adversely affect the Company’s ability to record, process, summarize and report financial
data or any material weaknesses in internal controls or (y) any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s internal controls. Since the most recent evaluation of
the Company’s disclosure controls and procedures described above, there have been no significant changes in internal controls or in other factors that could significantly affect internal controls. 
 (ee) Taxes. The Company and each of its subsidiaries have filed all tax returns required to be filed (other than certain local
tax returns, as to which the failure to file, individually or in the aggregate, would not have a Material Adverse Effect), which returns are complete and correct, and neither the Company nor any subsidiary is in default in the payment of any taxes
that were payable pursuant to said returns or any assessments with respect thereto. Except as disclosed in the Prospectus, all federal, state and foreign taxes and other assessments of a similar nature (whether imposed directly or through
withholding) including any interest, additions to tax or penalties applicable thereto due or claimed to be due from such entities have been timely paid, other than those being contested in good faith and for which adequate reserves have been
provided, except to the extent that the failure to timely pay would not have, individually or in the aggregate, a Material Adverse Effect. Except as would not have, individually or in the aggregate, a Material Adverse Effect, the Company has made
appropriate provisions in the applicable financial statements referred to in the foregoing clause (z) of this Section 4 in respect of all federal, state, local and foreign income and franchise taxes for all current or prior periods as to
which the tax liability of the Company has not been finally determined. Except as disclosed in the Prospectus, all deficiencies asserted as a result of any federal, state, local or foreign tax audits have been paid or finally settled and no issue
has been raised in any such audit that, by application of the same or similar principles, reasonably could be expected to result in a proposed deficiency for any other period not so audited. There are no outstanding agreements or waivers extending
the statutory period of limitation applicable to any federal, state, local or foreign tax return for any period. On the Closing Date and the Additional Closing Date, as the case may be, all stock transfer and other taxes that are required to be paid
in

  

 13 

 
connection with the sale of the Shares to be sold by the Company to the Placement Agent will have been fully paid by the Company and all laws imposing such taxes will have been complied with.

 (ff) Periodic Reports. The Company has filed timely all reports required to be filed pursuant to Sections
13(a), 13(e), 14 and 15(d) of the Exchange Act since December 1, 2008 (except to the extent that Section 15(d) requires reports to be filed pursuant to Sections 13(d) and 13(g) of the Exchange Act, which shall be governed by the next
clause of this sentence); and the Company has filed in a timely manner all reports required to be filed pursuant to Sections 13(d) and 13(g) of the Exchange Act since December 1, 2008, except where the failure to timely file could not
reasonably be expected individually or in the aggregate to have a Material Adverse Effect or cause the Company to be ineligible to incorporate information by reference as Incorporated Documents pursuant to the Securities Act and Form S-1.

 (gg) Title to Properties. Each of the Company and its subsidiaries has good and marketable title to all
property (real, personal and mixed), including securities, described in the Prospectus as being owned by it, free and clear of all Liens except (i) Liens specifically described in the Registration Statement and the Prospectus and that are not
materially burdensome and do not have or will not result in a Material Adverse Effect or (ii) Liens on securities that have been pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the
Company or any of its subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its
subsidiaries. All property (real, personal and mixed) held under lease by the Company and its subsidiaries is held by it under valid, subsisting and enforceable leases with only such exceptions as in the aggregate are not materially burdensome and
do not have or result in a Material Adverse Effect to the use of the property or the conduct of the business of the Company and its subsidiaries. 
 (hh) Permits. Each of the Company and its subsidiaries has all permits, licenses, franchises, consents, approvals and authorizations of Governmental Authorities (hereinafter
“permit” or “permits”) as are necessary to own its properties and to conduct its business in the manner described in the Prospectus, subject to such qualifications as may be set forth in the Prospectus, except where
the failure to have obtained any such permit has not had and will not have a Material Adverse Effect; each of the Company and its subsidiaries has operated and is operating its business in material compliance with and not in material violation of
all of its obligations with respect to each such permit and no event has occurred that allows, or after notice or lapse of time would allow, revocation or termination of any such permit or result in any other material impairment of the rights under
any such permit, subject in each case to such qualification as may be set forth in the Prospectus. Except as described in the Prospectus, such permits contain no restrictions that are materially burdensome to the Company or any of its subsidiaries.
Neither the Company nor any of its subsidiaries has received any notice of Proceedings relating to the revocation or modification of any such Permit which, individually or in the aggregate, if the subject of any unfavorable decision, ruling or
finding, would have a Material Adverse Effect. 
  

 14 

 (ii) Environmental Laws. Except as described in the Registration Statement and
the Prospectus, the Company and its subsidiaries are (i) to their knowledge in compliance with any and all applicable federal, state, local and foreign Laws relating to the protection of human health and safety, the environment or hazardous or
toxic substances or wastes, pollutants or contaminants (“Environmental Laws”) and have received no notices of, or inquiries regarding Proceedings with respect to possible violations of Environmental Laws, (ii) have received all
permits or other approvals required of them under applicable Environmental Laws to conduct their respective businesses and (iii) are in compliance with all terms and conditions of any such permit or approval, except where such noncompliance
with Environmental Laws, failure to receive required permits or other approvals or failure to comply with the terms and conditions of such permits or other approvals would not, individually or in the aggregate, have a Material Adverse Effect.
Neither the Company nor any of its subsidiaries has been named as a “potentially responsible party” under the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended. Neither the Company nor any of its
subsidiaries owns, leases, occupies or operates any property that appears on any list of hazardous sites compiled by any state or local governmental agency. 
 (jj) Review of Environmental Laws. In the ordinary course of its business, the Company conducts a periodic review of the effect of Environmental Laws on the business, operations and
properties of the Company and its subsidiaries, in the course of which it identifies and evaluates associated costs and liabilities (including any capital or operating expenditures required for clean-up, closure of properties or compliance with
Environmental Laws or any permit, license or approval, any related constraints on operating activities and any potential liabilities to third parties). On the basis of such review and amount of its established reserves, the Company has reasonably
concluded that such associated costs and liabilities would not, individually or in the aggregate, result in a Material Adverse Effect. 
 (kk) Intellectual Property. Each of the Company and its subsidiaries owns and has full right, title and interest in and to, or has valid licenses to use, each material trade name, trademark, service mark, patent, copyright,
approval, trade secret and other similar rights (collectively “Intellectual Property”) under which the Company and its subsidiaries conduct its business, except where the failure to own or obtain a license or right to use any such
Intellectual Property has not and will not have a Material Adverse Effect. The Company has not created or suffered any Lien on, or granted any right or license with respect to, any such Intellectual Property. There are no claims or Proceedings
pending against the Company or its subsidiaries with respect to any Intellectual Property and the Company and its subsidiaries have not received notice or otherwise become aware that any Intellectual Property that it uses or has used in the conduct
of its business infringes upon or conflicts with the rights of any third party. 
 (ll) Insurance. The Company and
each of its subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which it is engaged; and neither the Company nor any of its
subsidiaries has reason to believe that it will not be able to renew its existing insurance coverages as and when such coverages expire or to obtain similar coverages from similar insurers as may be necessary to continue its business at a comparable
cost. 
  

 15 

 (mm) FCPA Compliance. The Company and its subsidiaries and, to the knowledge
of the Company, the Company’s affiliates, have conducted their respective businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to
ensure, continued compliance with the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”). Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company,
any director, officer, agent, employee or other person associated with or acting on behalf of any of them has (A) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political
activity; (B) made any direct or indirect unlawful payment to any foreign or domestic government official or employee or to any political party or candidate for political office; (C) violated or is in violation of any provision of the
FCPA; (D) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment; or (E) made any payment of funds to the Company or its subsidiaries or received or retained funds in violation of any law, rule or regulation.

 (nn) Anti-Money Laundering Compliance. The operations of the Company and its subsidiaries are and have been
conducted at all times in compliance in all material respects with the Bank Secrecy Act, applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (the “USA Patriot Act”), the anti-money laundering Laws of all other applicable jurisdictions, and any related or similar
Laws of any Governmental Authorities (collectively, the “Anti-Money Laundering Laws”). No Proceedings by or before any Governmental Authority or any arbitrator involving the Company or any of its subsidiaries with respect to the
Anti-Money Laundering Laws is pending or, to the best knowledge of the Company, threatened. 
 (oo) OFAC. Neither
the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee, affiliate or person acting on behalf of the Company or any of its subsidiaries is currently subject to any U.S. sanctions
administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and none of the Company or any of its affiliates does business with the government of, or any person located in, any country, or with any
other person, targeted by any of the economic sanctions of OFAC; and the Company is not controlled (within the meaning of the regulations promulgating such sanctions or the laws authorizing such promulgation) by any such government or person; and
the Company and its subsidiaries will not directly or indirectly use any proceeds of this Offering, to lend, contribute or otherwise make available any such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose
of financing any activities or investments in, or make any payments to any country, or to make any payments to any person, targeted by any sanctions administered by OFAC. 
 (pp) No Transactions with Affiliates. Except as set forth in the Prospectus, there are no transactions with “affiliates” (as defined in Rule 405 promulgated under the Act) or any
officer, director or security holder of the Company (whether or not an affiliate) that are required by the Act to be disclosed in the Registration Statement, or any transaction with insiders, affiliates or their related interests that would violate
Regulations O or W of the Board of

  

 16 

 
Governors of the Federal Reserve System (the “Federal Reserve”) or OTS regulations. Additionally, no relationship, direct or indirect, exists between the Company or any of its
subsidiaries on the one hand, and the directors, officers, stockholders, customers or suppliers of the Company or any subsidiary on the other hand that is required by the Securities Act to be disclosed in the Registration Statement or the Prospectus
that is not so disclosed. 
 (qq) Off-Balance Sheet Obligations. Except as described specifically in the
Registration Statement and the Prospectus, there are no material off-balance sheet transactions, arrangements, obligations (including contingent obligations), or any other relationships with unconsolidated entities or other persons, that may have a
material current or future effect on the Company’s financial condition, changes in financial condition, results of operations, cash flows, liquidity, capital expenditures, capital resources, or significant components of revenues or expenses.
Any and all material swaps, caps, floors, futures, forward contracts, option agreements (other than employee stock options) and other derivative financial instruments, Contracts or arrangements, whether entered into for the account of the Company or
one of its subsidiaries or for the account of a customer of the Company or one of its subsidiaries, were entered into in the ordinary course of business and in accordance with prudent business practice and applicable laws, rules, regulations and
policies of all applicable regulatory agencies and with counterparties believed to be financially responsible at the time. Except as specifically described in the Registration Statement and the Prospectus, the Company and each of its subsidiaries
have duly performed in all material respects all of their obligations thereunder to the extent that such obligations to perform have accrued, and there are no breaches, violations, defaults or events that with notice or the passage of time or both
would be defaults, or any allegations or assertions of such by any party thereunder that constitute a default or event of default under any such Contracts, instruments or arrangements. 
 (rr) FINRA Representations. The Company’s responses to the Financial Industry Regulatory Authority, Inc.
(“FINRA”) questionnaire provided by the Placement Agent are true and correct in all material respects and the Company has not become aware of any information that would cause any information disclosed in such questionnaire to become
inaccurate or incorrect in any material respect. No executive officer, director or nominee for director of the Company has a direct or indirect affiliation or association with any member of FINRA. 
 (ss) Certain Statements. All statistical or market-related data included in the Registration Statement and the Prospectus are
based on or derived from sources that the Company believes to be reliable and accurate. No “forward-looking statement” (within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act) contained in the
Prospectus has been made or reaffirmed without a reasonable basis or has been disclosed other than in good faith. Any statement (including the assumptions described therein), included in the Registration Statement or the Prospectus which constitute
“forward-looking statements” as defined by Rule 175(c) under the Securities Act (i) are within the coverage of Rule 175(b) under the Securities Act and (ii) were made by the Company with a reasonable basis and reflect the
Company’s good faith estimate of the matters described therein. 
 (tt) Investment Company Act. The Company
is not an “investment company” and, at all times up to and including consummation of the Transactions, and after giving effect to

  

 17 

 
application of the net proceeds of the Offering, will not be subject to registration as an “investment company” under the Investment Company Act of 1940, as amended, and is not and will
not be an entity “controlled” by an “investment company” thereunder. 
 (uu) Employee Benefit
Plans. The Company and its subsidiaries and any “employee benefit plan” (as defined under the Employee Retirement Income Security Act of 1974, as amended, and the regulations and published interpretations thereunder (collectively,
“ERISA”)) established or maintained by the Company, its subsidiaries or their “ERISA Affiliates” (as defined below) are in compliance in all material respects with ERISA and all other applicable state and federal
laws. “ERISA Affiliate” means, with respect to the Company or a subsidiary, any member of any group or organization described in Sections 414(b), (c), (m) or (o) of the Internal Revenue Code of 1986, as amended, and the
regulations and published interpretations thereunder (the “Code”) of which the Company or such subsidiary is a member. No “reportable event” (as defined in ERISA) has occurred or is reasonably expected to occur with
respect to any “employee benefit plan” established or maintained by the Company, its subsidiaries or any of their ERISA Affiliates. No “employee benefit plan” established or maintained by the Company, its subsidiaries or any of
their ERISA Affiliates, if such “employee benefit plan” were terminated, would have any “amount of unfunded benefit liabilities” (as defined in ERISA). Neither the Company, its subsidiaries nor any of their ERISA Affiliates has
incurred or reasonably expects to incur any liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any “employee benefit plan” or (ii) Sections 412, 4971, 4975 or 4980B of the Code. Each
“employee benefit plan” established or maintained by the Company, its subsidiaries or any of their ERISA Affiliates that is intended to be qualified under Section 401(a) of the Code is so qualified and nothing has occurred, whether by
action or failure to act, that would cause the loss of such qualification. 
 (vv) Compliance with Labor Laws. The
Company and its subsidiaries have complied and will comply in all material respects with wage and hour determinations issued by the U.S. Department of Labor in paying its employees’ salaries, fringe benefits and other compensation for the
performance of work or other duties in connection with contracts with the U.S. government, and have complied and will comply in all material respects with the requirements of the Americans with Disabilities Act of 1990, the Family and Medical Leave
Act of 1993, the Civil Rights Act of 1964 (Title VII), the National Labor Relations Act, the Vietnam Era Veteran’s Readjustment Act, the Age Discrimination in Employment Act, as amended by the Older Workers’ Benefit Protection Act, and all
other federal, state and local and foreign labor Laws, each as amended except where the failure to comply with any such requirements has not, and will not, have a Material Adverse Effect. 
 (ww) No Reportable Transaction. Neither the Company nor any of its subsidiaries has participated in any reportable
transaction, as defined in Treasury Regulation Section 1.6011-4(b)(1). 
 (xx) No Brokers or Finders. Except
for the compensation payable to RJA, as Placement Agent in connection with the Offering, there is no broker, finder or other party that is entitled to receive from the Company any brokerage, finder’s fee or other fee or commission as a result
of any Transactions contemplated by this Agreement or the Prospectus or as a result of the Offering. 
  

 18 

 (yy) No Restrictions on Dividend Payments. Except as otherwise specifically
disclosed in the Registration Statement and the Prospectus, (i) none of the Company nor any subsidiary of the Company is prohibited or restricted, directly or indirectly, from paying dividends, or from making any other distribution with respect
to their respective equity, debt or hybrid securities; and no subsidiary is restricted, except by banking laws of general applicability, from repaying to the Company or any other subsidiary of the Company any amounts that may from time to time
become due under any loans or advances to such subsidiary from the Company or from transferring any property or assets to the Company or to any other subsidiary. 
 (zz) Other Transaction Documents. Each of the Transaction Documents other than this Agreement have been duly authorized by the Company and the Bank (as applicable) and, on or before the
Closing Date, when executed and delivered by or on behalf of the Company and the Bank will be a valid and binding obligation of the Company, enforceable against it in accordance with their respective terms, subject to the Bankruptcy and Equity
Exception. 
 (aaa) Dividends and Distributions. Except as otherwise specifically disclosed in the Prospectus,
(i) none of the Company nor any subsidiary of the Company is prohibited or restricted, directly or indirectly, from paying dividends, or from making any other distribution with respect to their respective equity, debt or hybrid securities,
including the Preferred Stock; and no subsidiary is restricted, except by banking laws of general applicability, from repaying to the Company or any other subsidiary of the Company any amounts that may from time to time become due under any loans or
advances to such subsidiary from the Company or from transferring any property or assets to the Company or to any other subsidiary. 
 The representations and warranties set forth in this Section 4 are being relied upon by the Placement Agent, and shall remain operative and in full force and effect regardless of (i) any investigation made by or on behalf of any
indemnified person (as described in Section 9 below) or (ii) any termination, expiration or cancellation of this Agreement. 
 5. Placement Agent Representations and Warranties. The Placement Agent represents and warrants to the Company that: 
 (a) This Agreement has been duly authorized by the Placement Agent and, when executed and delivered by the Placement Agent, will be a valid and binding obligation of the Placement Agent, enforceable
against the Placement Agent in accordance with its terms, subject to the Bankruptcy and Equity Exemption. 
 (b) The Placement
Agent, and its applicable personnel, are registered and duly licensed as registered representatives as required by applicable Law and by the Financial Industry Regulatory Authority (“FINRA”). 
 6. Covenants. The Company and the Bank, jointly and severally, agree with the Placement Agent that: 
 (a) The Company and the Bank will pay all expenses incident to the performance of each of their obligations under this Agreement and will
pay or cause to be paid the following: (i) the costs incident to the authorization, issuance, sale and delivery of the Securities and the issuance of the Conversion Shares initially issuable by the Company upon

  

 19 

 
conversion of shares of Preferred Stock in accordance with the terms of the Articles of Amendment and any taxes payable in that connection, (ii) all fees, disbursements and expenses of the
Company’s counsel and accountants in connection with the registration of the Securities under the Securities Act and all other expenses in connection with the preparation, printing, reproduction and filing of the Registration Statement, any
Issuer Free Writing Prospectus and the Prospectus and amendments and supplements thereto, the mailing and delivering of copies thereof to the Placement Agent and dealers; (iii) the cost of printing or producing this Agreement, the Blue Sky
Memorandum, closing documents (including any compilations thereof) and any other documents in connection with the offering, purchase, sale and delivery of the Securities; (iv) all expenses in connection with the qualification of the Securities
for offering and sale under state securities laws, including the fees and disbursements of counsel for the Placement Agent in connection with such qualification and in connection with the Blue Sky survey; (v) all fees and expenses in connection
with listing the Securities and Common Stock issuable upon conversion of the Securities on the Nasdaq; (vi) the filing fees incident to, and all reasonable fees and charges of counsel for the Placement Agent in connection with, any required
review by the FINRA of the terms of the sale of the Securities; (vii) the cost of preparing the Securities; (viii) any stock or transfer taxes and stamp or similar duties and the cost and charges of any transfer agent or registrar;
(ix) all fees and charges of the Placement Agent’s counsel incurred in connection with the Offering, the Transactions and any prior efforts by the Company and the Bank since September 1, 2009 to raise capital and for the preparation
of various documents; and (x) all other costs and expenses incident to the performance of its obligations hereunder which are not otherwise specifically provided for in this Section. 
 (b) The Company will use its best efforts to cause the Registration Statement and any amendments thereto to become effective promptly, if it
has not already become effective, and will advise the Placement Agent promptly and, if requested by the Placement Agent, will confirm such advice in writing: (i) when the Registration Statement has become effective and the time and date of any
filing of any post-effective Registration Statement or any amendment or supplement to any Prospectus and the time and date that any post-effective amendment to the Registration Statement becomes effective; (ii) if Rule 430A under the Act is
employed, when the Prospectus has been timely filed pursuant to Rule 424(b) under the Act; (iii) of the receipt of any comments of the Commission, or any request by the Commission for review of, amendments or supplements to the Registration
Statement, any Preliminary Prospectus or the Prospectus or for additional information; (iv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or of the suspension of the registration,
qualification or exemption of the Shares for offering or sale in any jurisdiction or the initiation of any proceeding for such purposes; (v) at any time through the Expiration date, of any change in the Company’s condition (financial or
other), business, prospects, assets, liabilities, net worth or results of operations, or of any event including, without limitation, the taking of any action by, or communication from, any Governmental Authority that comes to the attention of the
Company that makes any statement made in the Registration Statement or the Prospectus (as then amended or supplemented) or any free writing prospectus untrue in any material respect or that requires the making of any additions thereto or changes
therein in order to make the statements therein (in the case of the Prospectus and free writing prospectus, in light of the circumstances under which they were made) not misleading in any material respect, or of the necessity to amend or supplement
the Prospectus (as then amended or supplemented) to comply with the Securities Act or any other law; (vi) the occurrence of any event which may

  

 20 

 
cause the Company to withdraw, terminate, rescind or cancel the Offering; (vii) any event occurs that would cause any representation or warranty contained in this Agreement to be untrue or
inaccurate; (viii) the need to amend the Registration Statement to update it and make it continuously effective and complete through the Expiration Date; (ix) any request for additional information or other action directed to the Company
or any of its affiliates by any governmental or regulatory authority, including but not limited to the Commission, which would be likely to substantially delay the consummation of the Offering; (x) any material development in connection with
the Offering; and (vii) any other information relating to the Offering which the Placement Agent may from time to time reasonably request; and (xi) prior to Commencing the Offering, the Company shall engage and maintain, at its expense, a
transfer agent and a registrar (which, if permitted by applicable laws and rules, may be the same entity as the transfer agent) for the Preferred Stock. 
 (c) use its commercially reasonable efforts to maintain the effectiveness of the Registration Statement under the Securities Act and to prevent the issuance of any stop order and to update the Prospectus
and maintain it continuously current; 
 (d) prior to making any filings with any governmental or regulatory authority which are
in addition to what it has filed as of the date hereof, including, but not limited to, any amendments or supplements to such filings, furnish a copy to RJA and afford RJA and RJA’s counsel a reasonable opportunity to comment thereon prior to
filing; 
 (e) promptly file with the Commission any amendment or supplement to the Registration Statement or the Prospectus
that may, in the judgment of the Company or RJA be required by the Securities Act or requested by the Commission; 
 (f) furnish
a copy of any amendment or supplement to the Registration Statement or to the Prospectus and any Issuer Free Writing Prospectus to RJA and counsel for RJA and obtain RJA’s consent prior to using or filing any of those with the Commission;

 (g) not make any offer relating to the Units (including the Securities and the underlying Conversion Shares), Common Stock,
or any other securities that would constitute an Issuer Free Writing Prospectus without RJA’s prior consent; 
 (h)
continue to comply in all material respects with all Laws relating to the Offering and Offering Materials and timely file with Nasdaq all documents and notices required by Nasdaq of companies that have or will issue securities that are traded on
Nasdaq; 
 (i) take such action as RJA may reasonably request to complete any required review by the FINRA of the terms of the
Offering; 
 (j) make available to RJA all material financial and other information concerning its business and operations, and
the Offering that RJA reasonably request and will provide RJA and RJA’s advisors with reasonable access to the Company’s officers, directors, employees, independent accountants and legal counsel; 
 (k) issue and sell Units (including the Securities and the Conversion Shares) subscribed for by Purchasers when and to the extent that the
Company is required to do so

  

 21 

 
pursuant to the terms and conditions of the Offering as contemplated in the Prospectus and this Agreement, and it will use the net proceeds from the Offering in the manner as described under the
caption “Use of Proceeds” in the Prospectus and consistent with the terms of this Agreement; 
 (l) not take, directly
or indirectly, any action designed to cause or result in, or that has constituted or which might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of
the Units (including the Securities and the Conversion Shares); 
 (m) obtain the prior approval of the Placement Agent before
using any reference to the Placement Agent in the Offering Materials or any other document or communication prepared, approved or authorized by the Company in connection with the Offering; 
 (n) treat any advice, written or oral, provided by the Placement Agent pursuant to this Agreement as confidential and, except as required by
law, such advice will be solely for the information and assistance of the Company in connection with the Offering and may not be quoted, nor will any such advice or the name of the Placement Agent be referred to, in any report, document, release or
other communication, whether written or oral, prepared, issued or transmitted by the Company or any affiliate, director, officer, employee, agent or representative of any thereof, without, in each instance, the Placement Agent’s prior consent,
which consent shall not be unreasonably withheld; 
 (o) RJA, with the prior written consent of the Company (which shall not be
unreasonably delayed, withheld or denied), at RJA’s expense, may place an announcement in any newspapers and periodicals as RJA may choose, stating that RJA is acting as the placement agent in connection with the Offering; 
 (p) use commercially reasonable efforts to cause to be provided such other opinions, certificates and other documents as the Placement Agent
may reasonably request; 
 (q) if this Agreement shall terminate or shall be terminated after execution pursuant to any
provision hereof (except pursuant to a termination under Section 10 hereof) or if this Agreement shall be terminated by RJA because of any inability, failure or refusal on the part of the Company to perform in all material respects any
agreement herein or to comply in all material respects with any of the terms or provisions hereof or to fulfill in all material respects any of the conditions of this Agreement, the Company will reimburse RJA upon invoice in funds immediately
available to RJA for all of RJA’s expenses payable hereunder; 
 (r) during the period ending five years from the date
hereof, furnish to RJA and, upon RJA’s request, (i) as soon as available, a copy of each proxy statement, quarterly or annual report or other report of the Company mailed to stockholders or filed with the Commission, FINRA or the Nasdaq
Capital Market or any national securities exchange and (ii) from time to time such other information concerning the Company as RJA may reasonably request; 
  

 22 

 (s) during the Offering, and at all times through the Expiration Date, file all documents
required to be filed with the Commission pursuant to Sections 13, 14 and 15 of the Exchange Act in the manner and within the time periods required by the Exchange Act; 
 (t) The Company will cooperate with the Placement Agent and counsel for the Placement Agent in connection with the registration or qualification of the Shares for offering and sale by the Placement Agent
under the securities or Blue Sky laws of such jurisdictions as the Placement Agent may reasonably designate and will file such consents to service of process or other documents as may be reasonably necessary in order to effect and maintain such
registration or qualification for so long as required to complete the distribution of the Shares; provided that in no event shall the Company be obligated to qualify to do business in any jurisdiction where it is not now so qualified or to
take any action that would subject it to general service of process in suits, other than those arising out of the offering or sale of the Shares, as contemplated by this Agreement and the Prospectus, in any jurisdiction where it is not now so
subject. In the event that the qualification of the Shares in any jurisdiction is suspended, the Company shall so advise the Placement Agent promptly in writing. The Company will use its best efforts to qualify or register its Common Stock for sale
in non-issuer transactions under (or obtain exemptions from the application of) the Blue Sky laws of each state where necessary to permit market making transactions and secondary trading and will comply with such Blue Sky laws and will continue such
qualifications, registrations and exemptions in effect for a period of two years after the date hereof. 
 (u) The Company will
furnish to the Placement Agent, without charge, two signed duplicate originals of the Registration Statement as originally filed with the Commission and of each amendment thereto, including financial statements and all exhibits thereto, and will
also furnish to the Placement Agent, without charge, such number of conformed copies of the Registration Statement as originally filed and of each amendment thereto as the Placement Agent may reasonably request. 
 (v) for so long as any of the Convertible Preferred Stock are outstanding, it will (i) deliver without charge to the Placement Agent
promptly upon filing or becoming available, copies of (w) all reports or other publicly available information that the Company mails or otherwise makes available to its shareholders and holders of Preferred Stock and Common Stock, (x) all
reports, financial statements and proxy or information statements filed by the Company with the Commission, Nasdaq or any securities exchange, and (z) annual financial statements and interim unaudited financial statements; provided that
any documents filed by the Company on EDGAR need not be provided separately; 
 (w) The Company will retain in accordance with
the Act, all Issuer Free Writing Prospectuses not required to be filed pursuant to the Act; and if at any time after the date hereof any events shall have occurred as a result of which any Issuer Free Writing Prospectus, as then amended or
supplemented, would conflict with the information in the Registration Statement, the most recent Preliminary Prospectus or the Prospectus or would include an untrue statement of a material fact or omit to state any material fact necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading, or, if for any other reason it shall be necessary to amend or supplement any Issuer Free Writing Prospectus, to notify the Placement Agent
and, upon the Placement Agent’s

  

 23 

 
request, to file such document and to prepare and furnish without charge to the Placement Agent as many copies as they may from time to time reasonably request of an amended or supplemented
Issuer Free Writing Prospectus that will correct such conflict, statement or omission or effect such compliance; 
 (x) The
Company will make generally available to its securities holders a consolidated earnings statement (in form complying with the provisions of Rule 158), which need not be audited, covering a twelve-month period commencing after the effective date of
the Registration Statement and the Rule 462 Registration Statement, if any, and ending not later than 15 months thereafter, as soon as practicable after the end of such period, which consolidated earnings statement shall satisfy the provisions of
Section 11(a) of the Securities Act; 
 (y) For a period commencing on the date hereof and ending on the 90th day after the
date of the Prospectus (as the same may be extended as described below, the “Lock-Up Period”), the Company will not, directly or indirectly, (1) offer for sale, sell, pledge or otherwise dispose of (or enter into any
transaction or device that is designed to, or could be expected to, result in the disposition by any person at any time in the future of) any shares of Common Stock, Preferred Stock or securities convertible into or exchangeable for Common Stock
(other than shares of the Common Stock issued pursuant to employee benefit plans, qualified stock option plans or other employee compensation plans existing on the date hereof or pursuant to currently outstanding options, warrants or rights), or
sell or grant options, rights or warrants with respect to any shares of Common Stock or securities convertible into or exchangeable for Common Stock (other than the grant of options pursuant to option plans existing on the date hereof),
(2) enter into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic benefits or risks of ownership of such shares of Common Stock, whether any such transaction described in clause
(1) or (2) above is to be settled by delivery of Common Stock, other securities, in cash or otherwise, (3) file or cause to be filed a registration statement, including any amendments, with respect to the registration of any shares of
Common Stock or securities convertible, exercisable or exchangeable into Common Stock or any other securities of the Company or (4) publicly disclose the intention to do any of the foregoing, in each case without the prior written consent of
the Representative on behalf of the Placement Agent (which consent may be withheld at the sole discretion of the Representative); 
 (z) The Company will comply with all provisions of any undertakings contained in the Registration Statement. 
 7. Expenses. Whether or not the Transactions or the Offering contemplated hereby are consummated or this Agreement becomes effective or is terminated, the Company and the Bank, jointly and severally, will pay or cause
to be paid the following: (i) the fees, disbursements and expenses of the Company’s and the Banks’ counsel and accountants in connection with the registration of the Shares under the Act and all other expenses in connection with the
preparation, printing and filing of the Registration Statement and the Prospectus and amendments and supplements thereto and the mailing and delivering of copies thereof to the Placement Agent and any dealers; (ii) the printing and delivery
(including postage, air freight charges and charges for counting and packaging) of such copies of the Registration Statement, the Prospectus, this Agreement, the Selected Dealers Agreement and all amendments or supplements to any of them as may be
reasonably requested for use in connection with the

  

 24 

 
offering and sale of the Shares; (iii) consistent with the provisions of Section 5(j), all expenses in connection with the qualification of the Units and Securities for offering
and sale under state securities laws or Blue Sky laws, including up to $10,000 of attorneys’ fees and charges of the counsel for the Placement Agent in connection therewith; (iv) the filing fees incident to securing any required review by
FINRA of the fairness of the terms of the sale of the Units and Securities and up to $15,000 of fees and charges of the Placement Agent’s counsel relating thereto; (v) the fees and charges associated with listing the Securities on Nasdaq;
(vi) the cost of preparing stock certificates; (vii) the costs and charges of any transfer agent or registrar; (viii) the cost of the tax stamps, if any, in connection with the issuance and delivery of the Securities to the respective
Placement Agent; (ix) all other fees, costs and expenses referred to in Item 13 of the Registration Statement; (x) the transportation, lodging, graphics and other expenses incidental to the Company’s preparation for and
participation in the “roadshow,” if any, for the offering contemplated hereby; (xi) up to $20,000 for reasonable out-of-pocket expenses (excluding legal fees and charges of the Placement Agent’s counsel) incurred by the Placement
Agent and (xii) all legal fees and charges of counsel to the Placement Agent, which shall be paid upon invoice in funds immediately available to such counsel (including an invoice on December 31, 2009). Raymond James will not incur
out-of-pocket expenses in excess of $20,000 (other than legal fees and charges which are not subject to this limit), without the prior written consent of the Company. All charges for expenses and reimbursements to the Placement Agent (including,
without limitation, all legal fees and charges) are due and payable upon invoice from time to time, with a payment of Placement Agent Fees and expenses (including, without limitation, legal fees and charges incurred prior to that time) due and
payable in December 31, 2009, if any Units have been sold by that date. The Company’s payment and reimbursement of expenses to the Placement Agent will be made in funds immediately available to RJA. All fees and expenses payable hereunder
will be net of all applicable withholding and similar taxes. The maximum expense reimbursement, including the placement agent’s counsel fees, will be limited to $400,000, provided that the reimbursement payable to the Placement Agent and
the Placement Agent’s fees will not exceed 8% of the of the gross proceeds of this Offering. Except as provided in this Section 7 and in Section 8 hereof, the Placement Agent shall pay its own expenses incurred
hereunder. 
 8. Indemnification and Contribution. The Company and the Bank, jointly and severally, will
indemnify and hold harmless the Placement Agent, the directors, officers, employees and agents of the Placement Agent, and each person, if any, who controls the Placement Agent within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act from and against any and all losses, claims, damages, liabilities and expenses, including reasonable costs of investigation and attorneys’ fees and charges (collectively, “Damages”) or
Proceedings arising out of or based upon (i) any untrue statement or alleged untrue statement of a material fact contained in any Preliminary Prospectus, in the Registration Statement, any Issuer Free Writing Prospectus or the Prospectus or in
any amendment or supplement thereto, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of the Prospectus, in light of the circumstances under
which they were made) not misleading, except to the extent that any such Damages arise out of or are based upon an untrue statement or omission or alleged untrue statement or omission that has been made therein or omitted therefrom in reliance upon
and in conformity with the information furnished in writing to the Company by or on behalf of Placement Agent, expressly for use in connection therewith (as provided below in this Section

  

 25 

 
8), (ii) any inaccuracy in or breach of the representations and warranties of the Company and the Bank contained herein or any failure of the Company or the Bank to perform their
respective obligations hereunder or under law, and (iii) any Damages and any Proceedings (as defined below) with respect to the Conversion, the Redemption and/or the Conversion and Redemption Materials (as defined below) or any use or
disclosure of any third party studies, reviews or reports. This indemnification shall be in addition to any liability that the Company or the Banks may otherwise have. 
 In addition to its other obligations under this Section 8, the Company and the Banks agree, jointly and severally, that, as an interim measure during the pendency of any Proceeding arising out
of or based upon any statement or omission, or any alleged statement or omission, or any inaccuracy, or alleged inaccuracy, in the representations, warranties and covenants of the Company and the Bank herein or failure to perform their respective
obligations hereunder, all as set forth in this Section 8, and without limiting the rights of the Placement Agent and the other persons indemnified under the first sentence of Section 8 hereof, the party against whom
indemnification is being sought will reimburse the Placement Agent on a monthly basis for all reasonable legal or other out-of-pocket expenses and charges incurred in connection with investigating or defending any such Proceeding (to the extent
documented by reasonably itemized invoices therefor), notwithstanding the absence of a judicial determination as to the propriety and enforceability of the obligation of the Company or the Bank to reimburse the Placement Agent for such expenses and
the possibility that such payments might later be held to have been improper by a court of competent jurisdiction. To the extent that any such interim reimbursement payment is so held to have been improper, the Placement Agent shall promptly return
it to the person(s) from whom it was received. Any such interim reimbursement payments that are not made to the Placement Agent within 30 days of a request for reimbursement shall bear interest compounded daily at a rate determined on the basis of
the base or “prime” lending rate announced from time to time by The Wall Street Journal from the date of such request. 
 If any action, claim, inquiry, suit or proceeding shall be brought against the Placement Agent or any person controlling the Placement Agent or any director, officer, employee or agent of the Placement
Agent in respect of which indemnity may be sought against the Company, such Placement Agent or such controlling person, director, officer, employee or agent shall promptly notify in writing the party against whom indemnification is being sought (the
“indemnifying party”), and such indemnifying party shall assume the defense thereof, including the employment of counsel reasonably acceptable to the Placement Agent or such controlling persons, directors, officers, employees and
agents and the payment of all reasonable fees of and charges incurred by such counsel. The Placement Agent or any of its controlling persons, directors, officers, employees and agents shall have the right to employ separate counsel in any such
action and participate in the defense thereof, but the fees and charges of such counsel shall be at the expense of the Placement Agent or such controlling person, unless (i) the indemnifying party has agreed in writing to pay such fees and
charges, (ii) the indemnifying party has failed to timely assume the defense and employ counsel reasonably acceptable to the Placement Agent or such controlling person, director, officer, employee or agent or (iii) the named parties to any
such action (including any impleaded parties) include both such Placement Agent or such controlling persons, directors, officers, employees or agents and the indemnifying party, and such Placement Agent or such controlling persons, directors,
officers, employees or agents shall have been advised by its counsel that one or more legal defenses may be available to the Placement Agent

  

 26 

 
or such persons that may not be available to the Company or the Bank, or that representation of such indemnified party and any indemnifying party by the same counsel would be inappropriate under
applicable standards of professional conduct (whether or not such representation by the same counsel has been proposed) due to actual or potential differing interests between them (in which case the indemnifying party shall not have the right to
assume the defense of such action on behalf of such Placement Agent or such controlling person, director, officer, employee or agent (but the Company and the Bank shall not be liable for the fees and charges of more than one counsel for the
Placement Agent and such controlling persons, directors, officers, employees or agents)). The indemnifying party shall not be liable for any settlement of any such action effected without its written consent, but if settled with such written
consent, or if there is a final judgment for the plaintiff in any such action, the indemnifying party agrees to indemnify and hold harmless any Placement Agent and any such controlling persons, directors, officers, employees or agents from and
against any loss, claim, damage, liability or expense by reason of such settlement or judgment, but in the case of a judgment only to the extent stated in the first paragraph of this Section 8. 
 The Placement Agent will indemnify and hold harmless the Company, its directors, its officers who signed the Registration Statement and any
person who controls the Company within the meaning of Section 15 of the Act or Section 20 of the Exchange Act, to the same extent as the foregoing several indemnity from the Company to the Placement Agent, but only with respect to
information furnished in writing by or on behalf of the Placement Agent expressly for use in the Registration Statement, the Prospectus, any Issuer Free Writing Prospectus or any amendment or supplement thereto. If any action or claim shall be
brought or asserted against the Company, any of its directors, any of its officers who signed the Registration Statement or any such controlling person based on the Registration Statement, the Prospectus, or any amendment or supplement thereto, and
in respect of which indemnity may be sought against any Placement Agent pursuant to this paragraph, such Placement Agent shall have the rights and duties given to the Company by the immediately preceding paragraph (except that if the Company shall
have assumed the defense thereof, such Placement Agent shall not be required to do so, but may employ separate counsel therein and participate in the defense thereof, but the fees and charges of such counsel shall be at the Placement Agent’s
expense), and the Company, its directors, any such officers who signed the Registration Statement and any such controlling persons, shall have the rights and duties given to the Placement Agent by the immediately preceding paragraph. The only
information furnished to the Company through the Representative by or on behalf of any Placement Agent is described in Section 4(d) herein. 
 In any event, none of the Company or the Bank will, without the prior written consent of the Placement Agent, settle or compromise or consent to the entry of any judgment in any Proceeding or threatened
Proceeding in respect of which the indemnification may be sought hereunder (whether or not the Placement Agent or any person who controls the Placement Agent within the meaning of Section 15 of the Act or Section 20 of the Exchange Act or
any director, officer, employee or agent is a party to such Proceeding) unless such settlement, compromise or consent includes an unconditional release of the Placement Agent, and their controlling persons, directors, officers and agents from all
liability arising out of such Proceeding. 
 If the indemnification provided for in this Section 8 is unavailable or
insufficient for any

  

 27 

 
reason whatsoever to an indemnified party in respect of any Damages referred to herein, then an indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount
paid or payable by such indemnified party as a result of such Damages (i) in such proportion as is appropriate to reflect the relative benefits received by the Company and the Bank on the one hand, and the Placement Agent on the other hand,
from the offering and sale of the Shares or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause
(i) above but also the relative and several fault of the Company and the Bank on the one hand, and the Placement Agent on the other hand, in connection with the statements or omissions that resulted in such Damages as well as any other relevant
equitable considerations. The relative and several benefits received by the Company and the Bank on the one hand, and the Placement Agent on the other hand, shall be deemed to be in the same proportion as the total net proceeds from the Offering
(before deducting expenses) received by the Company bear to the total underwriting discounts and commissions received by the Placement Agent, in each case as set forth in the table on the cover page of the Prospectus (plus, if applicable, the
Securities sold pursuant to a Rule 462 Registration Statement), any determination of the relative benefits received by the Company or the Placement Agent from the offering of the Shares shall include the net proceeds (before deducting expenses)
received by the Company and the placement agent received by the Placement Agent, from the sale of such additional Securities, in each case computed on the basis of the respective amounts set forth in the notes to the table on the cover page of the
Prospectus and the Rule 462 Registration Statement. The relative fault of the Company and the Bank on the one hand, and the Placement Agent on the other hand, shall be determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or the Banks on the one hand, or by the Placement Agent on the other hand and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 
 The Company, the
Bank and the Placement Agent agree that it would not be just and equitable if contribution pursuant to this Section 8 was determined by a pro rata allocation or by any other method of allocation that does not take into account the
equitable considerations referred to in the immediately preceding paragraph. The amount paid or payable by an indemnified party as a result of the Damages referred to in the immediately preceding paragraph shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses and charges reasonably incurred by such indemnified party in connection with investigating, defending or settling any such action or claim. Notwithstanding the provisions of this
Section 8, the Placement Agent shall not be required to contribute any amount in excess of the amount of the Placement Agent fees actually received by it. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 
 Notwithstanding the second paragraph of this Section 8, any Damages for which an indemnified party is entitled to indemnification or contribution under this Section 8 shall be paid
by the indemnifying party to the indemnified party as Damages are incurred after receipt of reasonably itemized invoices therefor. The indemnity, contribution and reimbursement agreements contained in this Section 8 and the
representations and warranties of the Company

  

 28 

 
and the Bank set forth in this Agreement shall remain operative and in full force and effect, regardless of (i) any investigation made by or on behalf of any Placement Agent or any person
controlling any Placement Agent and their respective directors, officers, employees and agents, the Company and the Bank and any persons controlling the Company and the Company’s executive officers who have executed the Registration Statement,
(ii) acceptance and sale of any Securities and payment therefor and (iii) any termination of this Agreement. A successor to the Placement Agent or to the Company, and to their respective directors, officers, employees, agents or any person
controlling the Company, including the heirs, and personal and legal representatives of natural persons, shall be entitled to the benefits of the indemnity, contribution and reimbursement agreements contained in this Section 8.

 It is agreed that any controversy arising out of the operation of the interim reimbursement arrangements set forth in the
second paragraph of this Section 8, including the amounts of any requested reimbursement payments and the method of determining such amounts, shall be settled by arbitration conducted pursuant to the Code of Arbitration Procedure of
FINRA. Any such arbitration must be commenced by service of a written demand for arbitration or written notice of intention to arbitrate, therein electing the arbitration tribunal. In the event the party demanding arbitration does not make such
designation of an arbitration tribunal in such demand or notice, then the party responding to said demand or notice is authorized to do so. Such arbitration would be limited to the operation of the interim reimbursement provisions contained in the
second and fourth paragraphs of this Section 8, and would not resolve the ultimate propriety or enforceability of the obligation to reimburse expenses that is created by the provisions of the second paragraph of this
Section 8. 
 The indemnification and contribution rights of the Placement Agent and their controlling persons,
directors, officers, employees and agents are in addition to any rights and remedies such persons and entities may otherwise have, including under common law. 
 9. Conditions to the Placement Agent’s Obligations. The Placement Agent’s obligations under this Agreement to use its commercially reasonable efforts to identify potential
purchasers for the Units and to close the sale of any Units shall be subject to the accuracy of the representations and warranties of the Company and the Bank contained herein as of the date and time that this Agreement is executed through the
Expiration Date, to the accuracy of the statements of the Company made herein and in the Offering Materials, to the performance by the Company and the Bank of their respective covenants, agreements and obligations hereunder and under the other
Transaction Documents, and to the following additional conditions: 
 (a) All representations and warranties of the Company and
the Bank contained herein are now, and at all times during the Offering Period, shall be true and correct and shall have in all material respects, and RJA shall have received certificates from one or more of the Company’s officers to that
effect, dated on each of the Commencement Date and the Expiration Date, and at such other times as the Placement Agent may request (provided, that, RJA’s agreeing to act, or continuing to act, as the Placement Agent at a time when RJA
knows or should know that any such representation, warranty or agreement is or may be untrue or incorrect in a material respect shall be without prejudice to RJA’s right subsequently to cease so to act by reason of such untruth, incorrectness
or nonperformance or to any of RJA’s other rights hereunder. 
  

 29 

 (b) At all times, the Company shall have performed in all material respects all of its
covenants, agreements and obligations hereunder and under the Offering Materials theretofore required to have been performed and RJA shall have received certificates to that effect dated each of the Commencement Date, the Expiration Date, and signed
by one or more officers of the Company, and at such other times as the Placement Agent may request (provided, that, RJA’s agreeing to act, or continuing to act, as the Placement Agent at a time when RJA knows or should know that any such
representation, warranty or agreement is or may be untrue or incorrect in a material respect shall be without prejudice to RJA’s right subsequently to cease so to act by reason of such untruth, incorrectness or nonperformance or to any of
RJA’s other rights hereunder. 
 (c) None of the offer, sale or delivery of the Units (including the Securities and the
underlying Conversion Shares) by the Company, the execution, delivery or performance by the Company and its subsidiaries of this Agreement (A) conflicts or will conflict with or constitutes or will constitute a breach of, or a default under,
the articles of incorporation or bylaws of the Company or its subsidiaries, each as amended, or any material agreement or Contract (including, without limitation, any agreement, document or instrument providing registration, conversion or redemption
rights, indenture, lease, or other Contract to which the Company or any of its subsidiaries is a party or by which any of their respective properties is bound) or (B) creates or will result in the creation or imposition of any Lien upon any
property or assets of the Company or its subsidiaries or is a Debt Repayment Triggering Event or (C) violates or will result in any violation of any existing Law (including applicable state securities and blue sky laws), that is applicable to
the Company or its subsidiaries or any of their respective properties.
 (d) No stop order suspending the effectiveness of the
Registration Statement shall have been issued by the Commission and no proceedings for that purpose shall be pending or, to the knowledge of the Company, shall be threatened or contemplated by the Commission at any time during the Offering Period;
(ii) no order suspending the effectiveness of the Registration Statement or the qualification or registration of the Units (including the Securities and the Conversion Shares) under the securities or blue sky laws of any jurisdiction shall be
in effect and no proceeding for such purpose shall be pending or, to the knowledge of the Company, threatened or contemplated by the authorities of any jurisdiction; (iii) any request for additional information on the part of the staff of the
Commission or any such authorities shall have been complied with to the satisfaction of the staff of the Commission or such authorities; (iv) after the date hereof, no amendment or supplement to the Registration Statement or the Prospectus
shall have been filed unless a copy thereof was first submitted to the Placement Agent and the Placement Agent did not object to the filing thereof in good faith; and (v) all of the representations and warranties of the Company and the Bank
contained in this Agreement shall be true and correct in all material respects (except for such representations and warranties qualified by materiality, which representations and warranties shall be true and correct in all material respects) on and
as of the date hereof and at all times during the Offering Period, as if made on and as of each date requested by the Placement Agent, including the Expiration Date, as the case may be, and RJA shall have received a certificate, dated and signed by
the chief executive officer and the chief financial officer of the Company (or such other officers as are acceptable to the Placement Agent) to the effect set forth in this Section 9(d) and in Sections 9(e) hereof. Such certificate shall
also state that, (i) the Company has all necessary approvals of the

  

 30 

 
OTS and the State of Florida to own the stock of its subsidiaries; (ii) except as disclosed in the Prospectus, neither the Company nor its subsidiaries are subject, is a party to, or is
a recipient of any Enforcement Action by any of the Regulatory Authorities, or any Governmental Authority having jurisdiction, and neither the Company or its subsidiaries, has been advised by any of their regulators that it is contemplating issuing
or requesting (or is considering the appropriateness of issuing or requesting) any such Enforcement Action or other order, directive, or supervisory action, except as specifically described in the Prospectus; and (iii) neither the Company nor
any subsidiary has received notice of or has knowledge of any basis for any proceeding or action relating specifically to the Company or its subsidiaries for the revocation or suspension of any order or Permit issued by, or any other action or
proposed action by, any Governmental Authority having jurisdiction over the Company or its subsidiaries that would affect the transactions contemplated hereby or would have a Material Adverse Effect. 
 (e) The Placement Agent shall be reasonably satisfied that since the respective dates as of which information is given in the Registration
Statement and Prospectus, (i) there shall not have been any change in the capital stock of the Company or any material change in the indebtedness (other than in the ordinary course of business) of the Company and its subsidiaries,
(ii) except as set forth or contemplated by the Registration Statement or the Prospectus, no material oral or written agreement or other transaction shall have been entered into by the Company that is not in the ordinary course of business or
that could reasonably be expected to result in a material reduction in the future earnings of the Company, (iii) no loss or damage (whether or not insured) to the property of the Company shall have been sustained that had or could reasonably be
expected to have a Material Adverse Effect, (iv) no Proceeding affecting the Company or any of its properties that is material to the Company or that affects or could reasonably be expected to affect the transactions contemplated by this
Agreement shall have been instituted or threatened and (v) there shall not have been any material change in the condition (financial or otherwise), business, management, results of operations, assets, liabilities, net worth or prospects of the
Company or its subsidiaries that makes it impractical or inadvisable in the Placement Agent’s judgment to proceed with the Offering or the sale of the Units as contemplated hereby 
 (f) Through the Expiration Date, (i) in the judgment of the Placement Agent there shall not have occurred any Material Adverse Change;
and (ii) there shall not have occurred any downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the
rating accorded any securities of the Company or any of its subsidiaries by any “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) under the Securities Act. 
 (g) At or prior to the effective date of the Registration Statement and on or prior to the Commencement Date, the Placement Agent shall have
received a letter from the Corporate Financing Department of FINRA confirming that such Department has determined to raise no objections with respect to the fairness or reasonableness of the terms and arrangements of the Offering contemplated
hereby. 
 (h) Neither the OTS nor any other Regulatory Authority shall have expressed any objection to the Offering;

  

 31 

 (i) The Company will furnish to RJA, on each of the Commencement Date, the Expiration Date,
and each date the Registration Statement is amended and each date during the Offering Period when a Form 8-K is filed or is required to be filed, an opinion of Igler & Dougherty, P.A., counsel to the Company, addressed to RJA, addressing
the matters set forth in Schedule II hereto. 
 In rendering such opinion, counsel may rely, to the extent they deem such
reliance proper, as to matters of fact upon certificates of officers of the Company and of government officials, provided that counsel shall state their belief that they and RJA are justified in relying thereon. Copies of all such certificates shall
be furnished to RJA and counsel for the Placement Agent on the Commencement Date, the Expiration Date, and each date the Registration Statement is amended and each date during the Offering Period when a Form 8-K is filed or is required to be filed.

 In addition to the opinions set forth in Schedule II, such counsel shall state that during the course of their
participation in the preparation of the Registration Statement and the Prospectus, and any amendments or supplements thereto, nothing has come to the attention of such counsel that has caused them to believe or given them reason to believe that the
Registration Statement, the Prospectus, or any amendment or supplement thereto (except for the financial statements and other financial and accounting information contained therein or omitted therefrom as to which no opinion need be expressed), at
the date thereof, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading or that the Registration Statement or the Prospectus as
of the date of the opinion (except as aforesaid), contains an untrue statement of a material fact or omits to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

 (j) On the Commencement Date and the Expiration Date, and on each date the Registration Statement is amended or a Form 8-K is
filed or required to be filed to update or provide financial information (each, a “Comfort Date”), the Company shall have furnished to RJA a letter of Hacker, Johnson and Smith, PA, addressed to RJA and dated as of the relevant
Comfort Date, (1) confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualification of accountants under Rule 2-01 of Regulation
S-X of the Commission, and (2) stating that, as of the date of the letter (or with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Registration
Statement and the Prospectus, as of a date not more than three days prior to the date of the letter), the conclusions and findings of such firm with respect to the financial information as are customarily covered in accounting “comfort”
letters delivered in connection with a public offering and any other matters reasonably specified by RJA. 
 If any of the
conditions specified in this Section 7 shall not have been fulfilled timely in all material respects, the Placement Agent’s obligations hereunder may be terminated at, or at any time prior to, the Commencement Date or the Expiration Date
by the Placement Agent. Notice of such termination shall be given to the Company in writing or by telephone or facsimile confirmed in writing. 
  

 32 

 10. Other Agreements. 
 (a) It is understood and agreed that RJA, from time to time, makes a market in, may have long or short positions, may buy and sell or
otherwise effect transactions for customer accounts and for their own accounts in the securities of, or perform investment banking or other services for, the Company and its subsidiaries and other entities which are or may be the subject of the
engagement contemplated by this Agreement. The Company confirms that it will rely on its own counsel, accountants and other similar expert advisors for legal, accounting, tax, actuarial and other similar advice. 
 (b) RJA is affiliated with Raymond James Financial Services, Inc. and Raymond James Bank, a federally chartered savings bank. The activities
of companies having an interest in Raymond James may give rise to situations where RJA or an affiliate of RJA may have an interest which may conflict with the interests of the Company or which may be affected by the Offering or where RJA or its
affiliates may provide services to other clients whose interests may conflict with the interests of the Company. RJA or any of its affiliates may (i) hold or effect transactions in securities for clients and/or its own account, and/or
(ii) issue research or provide investment advice and/or (iii) provide corporate finance, investment management or reinsurance services, which in any of these situations may have a bearing, directly or indirectly, on the Offering or may
result in its affiliate(s) receiving a benefit from the Offering, provided that RJA shall not provide its affiliates or their respective directors, managers, officers, employees and agents any material non-public information with respect to the
Company which RJA has received in connection with RJA’s participation in the Offering. 
 (c) Each of the Company or the
Bank acknowledges and agrees that it has made and will make its own decisions with respect to the desirability to it of the offering, pricing and sale of the Units (including the Securities and the Conversion Price), and has not relied and will not
rely upon the Placement Agent in making such evaluations and decisions. It is understood and agreed that the Placement Agent will act under this Agreement as an independent contractor with only the express duties specified herein. 
 (d) The Company authorizes the Placement Agent, following Closing, (i) to place advertisements in financial and other newspapers and
journals (including electronic versions thereof) at their own expense describing the Transactions generally, (ii) to use the Company’s corporate logo in such advertising or related promotional materials (including electronic versions
thereof) concerning the Placement Agent’s services hereunder, and (iii) to include the Transaction and the Company in lists of transactions and customers. 
 (e) The Company acknowledges and agrees that there are no understandings, arrangements or agreements with respect to the offer or sale of the Units or the Transactions with any finders, brokers,
underwriters, agents, salesmen, dealers, representatives or other persons (other than the Placement Agent as provided herein) which have any interest in compensation due to the Placement Agent from any Transactions, and the Company shall indemnify,
defend and hold harmless the Placement Agent from and against any and all Claims for such compensation. 
  

 33 

 11. Survival. The provisions of Sections 2(d), 4, 6, 7, 8, 9, 10, 11,
12, 13, 15-20 hereof shall survive the delivery of and payment for the Units, the Expiration Date and any Termination of this Agreement. 
 12. Notices. All notices and other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been duly given if
(a) delivered personally, (b) sent by facsimile with immediate telephonic confirmation or (c) sent by registered or certified mail, return receipt requested, postage prepaid, to the parties hereto as follows: 
  

			
	If to RJA:	  	 Raymond James & Associates, Inc.
 880 Carillon Parkway
 St. Petersburg, Florida 33716
 Attention: Chris Choate
 Facsimile: (727) 567-8058

		
	with a copy to:	  	 Jones Day LLP
 1420
Peachtree Street NE
 Atlanta, Georgia
 Attention: Ralph F. MacDonald, III
 Facsimile: (404) 581-4330

		
	If to the Company, First Community Bank	  	 First Community Bank Corporation of America
 9001 Belcher Road
 Pinellas Park, Florida 33782
 Attention: Kenneth P. Cherven
 Facsimile:
(727) 471-0001

		
	with a copy to:	  	 Igler & Dougherty, P.A.
 2457 Care Drive
 Tallahassee, Florida 32308
 Attention: A. George Igler
 Facsimile: (850) 878-1230 

 13. Modifications. This Agreement may not be amended or modified
except in a writing signed by each of the parties hereto. 
 14. Governing Law. This Agreement shall be
governed by, and construed in accordance with, the laws of the State of New York applicable to contracts executed in and to be performed in that state, without regard to such state’s rules concerning conflicts of laws. Any right to trial by
jury with respect to any claim or action arising out of this agreement or conduct in connection with the engagement is hereby waived by the parties hereto. 
 15. Counterparts. This Agreement may be signed in two or more identical counterparts, each of which shall be an original, and all of which together shall constitute one
and the same instrument. Any counterpart executed via facsimile or electronic means shall have the same force and effect as a manually executed original. This Agreement shall be effective

  

 34 

 
when, but only when, at least one counterpart hereof shall have been executed on behalf of each party hereto. 
 16. Severability. If any term or provision of this Agreement is deemed or rendered invalid or unenforceable, then such term or provision shall be ineffective to the
extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement. 
 17. Successors; Third-Party Beneficiaries. This Agreement is made solely for the benefit of RJA, the Company and the Bank and their executors, administrators, successors
and assigns, and no other persons are intended to or shall have any rights under or by virtue of this Agreement; provided, however, the indemnified parties are made express third-party beneficiaries of the provisions set forth in
Section 9. 
 18. Headings. The titles and headings to sections of this Agreement are included for
convenience of reference only, and shall not effect the meaning or interpretation of this Agreement. 
 19. No
Advisory or Fiduciary Relationship. The Company acknowledges and agrees that (a) the purchase and sale of the Units (including the Securities and the underlying Conversion Shares) pursuant to this Agreement, including
the determination of the public offering price of the Units and conversion price of the Convertible Preferred Stock and any related compensations, is an arm’s-length commercial transaction between the Company, on the one hand, and RJA, on the
other hand, (b) in connection with the Offering contemplated hereby, RJA has not assumed or will not assume any advisory or fiduciary responsibility in favor of the Company with respect to the Offering contemplated hereby, the Conversion or the
process leading thereto (irrespective of whether RJA has advised or is currently advising the Company on other matters) and RJA has no obligation to the Company with respect to the Offering, except the obligations expressly set forth in this
Agreement, (c) RJA and their affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Company, and (d) RJA has not provided any legal, accounting, regulatory or tax advice with respect
to the Offering and the Company has consulted its own legal, accounting, regulatory and tax advisors to the extent it deemed appropriate. 
 20. Entire Agreement. This Agreement constitutes the entire agreement by and among the parties hereto with respect to the subject matter hereof and supersedes all prior
agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof; provided, however, that the provisions relating to the indemnification obligations of the Company or the
Bank and limitations on RJA’s liability as set forth in the Engagement Letter, survive and are in no way superseded, amended or modified by the execution of this Agreement insofar as they relate to any losses, claims, damages, liabilities,
expenses, or actions which are not governed by the terms of such provisions in this Agreement. 
  

 35 

 Please confirm that the foregoing correctly sets forth the agreement among the Company and
the Placement Manager. 
  

			
	Very truly yours,
	
	 FIRST COMMUNITY BANK CORPORATION
 OF AMERICA

		
	By:	 	 /s/ KENNETH P. CHERVEN

	Name:	 	 Kenneth P. Cherven

	Title:	 	 President & CEO

	
	FIRST COMMUNITY BANK OF AMERICA
		
	By:	 	 /s/ KENNETH P. CHERVEN

	Name:	 	 Kenneth P. Cherven

	Title:	 	 CEO

 Accepted and agreed as of the date first above written: 
 RAYMOND JAMES & ASSOCIATES, INC. 
  

			
	By:	 	 /s/ CHRIS CHOATE

	Name:	 	 Chris Choate

	Title:	 	 Senior Vice President

  

 36Amended and Restated Employment Agreement for William F. Borne

 Exhibit 10.1 
 EXECUTION VERSION 
 AMENDED AND RESTATED

 EMPLOYMENT AGREEMENT 
 BY AND AMONG 
 AMEDISYS, INC., 
 AMEDISYS HOLDING, L.L.C. 
 AND 
 WILLIAM F. BORNE 
 DATED AS OF DECEMBER 30, 2009 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 Section 1.
	  	Recitals	  	1
			
	 Section 2.
	  	Definitions	  	1
			
	 Section 3.
	  	Term of Employment	  	4
			
	 Section 4.
	  	Title, Position, Duties and Responsibilities	  	4
			
	 Section 5.
	  	Base Salary; Target Bonus	  	5
			
	 Section 6.
	  	Employee Incentive Compensation and Benefit Programs	  	5
			
	 Section 7.
	  	Reimbursement of Business and Other Expenses; Perquisites	  	6
			
	 Section 8.
	  	Termination of Employment	  	7
			
	 Section 9.
	  	Forfeiture Provisions	  	14
			
	 Section 10.
	  	Confidentiality; Cooperation with Regard to Litigation; Non-Disparagement; Return of Company Materials	  	15
			
	 Section 11.
	  	Non-competition/Prior Employment Covenants	  	17
			
	 Section 12.
	  	Non-solicitation of Employees and Customers	  	18
			
	 Section 13.
	  	Remedies	  	18
			
	 Section 14.
	  	Resolution of Disputes	  	19
			
	 Section 15.
	  	Indemnification	  	20
			
	 Section 16.
	  	Excise Taxes	  	21
			
	 Section 17.
	  	Effect of Agreement on Other Benefits	  	22
			
	 Section 18.
	  	Assignability: Binding Nature; Solidary Obligations	  	23
			
	 Section 19.
	  	Representation	  	23
			
	 Section 20.
	  	Entire Agreement	  	23
			
	 Section 21.
	  	Amendment or Waiver	  	23
			
	 Section 22.
	  	Severability	  	23
			
	 Section 23.
	  	Survivorship	  	24
			
	 Section 24.
	  	Beneficiaries/References	  	24
			
	 Section 25.
	  	Governing Law/Jurisdiction	  	24
			
	 Section 26.
	  	Notices	  	24
			
	 Section 27.
	  	Captions	  	25
			
	 Section 28.
	  	Counterparts	  	25
			
	 Section 29.
	  	Section 409A Compliance	  	25

 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered
into as of the 30th day of December, 2009 (the
“Effective Date”), by and among Amedisys, Inc., a Delaware corporation having its headquarters at 5959 South Sherwood Forest Boulevard, Baton Rouge, Louisiana, 70816 (“Amedisys” or the “Company”),
Amedisys Holding, L.L.C., a Louisiana limited liability company having its headquarters at 5959 South Sherwood Forest Boulevard, Baton Rouge, Louisiana 70816 (“Holding”), and William F. Borne, a person of the age of majority having
an address at [redacted] (“Executive”). 
 RECITALS 
 WHEREAS, Executive and the Company have entered into an employment agreement, dated December 19, 2007 (the
“Original Agreement”); 
 WHEREAS, Executive and the Company desire to amend and restate
the Original Agreement and add Holding, the Company’s top-tier holding company, as a party to the Agreement; and 
 WHEREAS, the Company and Holding desire to continue to employ Executive as the Company’s Chief Executive Officer, and Executive desires to accept such continued employment, pursuant to the terms and conditions of this Agreement,
which is intended to amend and restate the Original Agreement; 
 NOW, THEREFORE, in consideration of the
premises and mutual covenants contained herein and for other good and valuable consideration, the receipt of which is mutually acknowledged, the Company, Holding and Executive (individually a “Party” and together the
“Parties”) agree to be bound in accordance with the terms of this Agreement. 
 Section 1.
Recitals. The above Recitals are incorporated herein by this reference. 
 Section 2.
Definitions. 
 (a) The terms below are used in this Agreement, including the preamble and recitals, as so
defined. As used herein, the following terms shall have the following meanings: 
 “After-Tax
Proceeds” shall have the meaning set forth in Section 16. 
 “After-Tax Proceeds With
Cut-Back” shall have the meaning set forth in Section 16. 
 “Agreement” shall
have the meaning set forth in the preamble above. 
 “Award” shall have the meaning set forth in
Section 9(a). 
 “Award Gain” shall have the meaning set forth in Section 9(a).

  

 1 

 “Base Amount” shall have the meaning set forth in
Section 16. 
 “Base Salary” shall have the meaning set forth in Section 5(a).

 “Beneficial Owner” shall have the meaning set forth in Section 8(c). 
 “Board” shall have the meaning set forth in Section 5(a). 
 “Cause” shall have the meaning set forth in Section 8(b). 
 “Change in Control” shall have the meaning set forth in Section 8(c). 
 “COBRA” shall mean the Consolidated Omnibus Budget Reconciliation Act of 1984. 
 “COBRA Period” shall have the meaning set forth in Sections 8(c) and 8(e). 
 “Code” shall mean the United States Internal Revenue Code of 1986, as amended, or any successor provision of
law, and the regulations promulgated thereunder. 
 “Committee” shall have the meaning set forth
in Section 5(a). 
 “Company” shall have the meaning set forth in the preamble above.

 “Confidential Information” shall have the meaning set forth in Section 10(c).

 “Contingent Payments” shall have the meaning set forth in Section 16. 
 “Continued Participation Period” shall have the meaning set forth in Sections 8(c) and 8(e). 
 “Disability” shall have the meaning set forth in Section 8(a). 
 “Earliest Payment Date” shall mean (i) if the amount paid is subject to
Section 409A of the Code and does not qualify for an exemption under Section 409A of the Code or regulations or other guidance promulgated thereunder, the fifty-second (52nd) day after Executive’s termination of employment and (ii) if the amount paid is not subject to
Section 409A of the Code or qualifies for an exemption under Section 409A of the Code or regulations or other guidance promulgated thereunder, the earlier of the date in (i) above or the first date that Executive’s release of
claims (as described in Section 8(i)) becomes irrevocable. 
 “Effective Date” shall have
the meaning set forth in the preamble above. 
 “Exchange Act” shall have the meaning set forth
in Section 8(c). 
 “Excise Tax” shall have the meaning set forth in Section 16.

  

 2 

 “Executive” shall have the meaning set forth in the
preamble above. 
 “Fair Market Value” shall have the meaning set forth in Section 6.

 “Final Determination” shall have the meaning set forth in Section 16. 
 “Forfeiture Event” shall have the meaning set forth in Section 9(a). 
 “409A Payment Date” shall have the meaning set forth in Section 8(j). 
 “Good Reason” shall have the meaning set forth in Section 8(c). 
 “Gross-Up Amount” shall have the meaning set forth in Section 16. 
 “Holding” shall have the meaning set forth in the preamble above. 
 “Original Agreement” shall have the meaning set forth in the preamble above. 
 “Party” shall have the meaning set forth in the Recitals above. 
 “Parties” shall have the meaning set forth in the Recitals above. 
 “Person” shall have the meaning set forth in Section 8(c). 
 “Proceeding” shall have the meaning set forth in Section 15(a). 
 “Restricted Area” shall have the meaning set forth in Section 11(a). 
 “Restriction Period” shall have the meaning set forth in Section 11(b). 
 “Retirement” shall have the meaning set forth in Section 8(f). 
 “Severance Period” shall have the meaning set forth in Section 8(c). 
 “Significant Subsidiary” shall have the meaning set forth in Section 8(c). 
 “Subsidiary” shall have the meaning set forth in Section 10(d). 
 “Target Bonus” shall have the meaning set forth in Section 5(b). 
 “Taxes” shall have the meaning set forth in Section 16. 
 “Term of Employment” shall have the meaning set forth in Section 3(a). 
 “Willful” shall have the meaning set forth in Section 8(b). 
  

 3 

 (b) References to “Sections,” “Subsections,” and
“Attachments” shall be to Sections, Subsections and Attachments, respectively, of this Agreement unless otherwise specifically provided. Any of the terms defined in Section 2(a) may, unless the context otherwise requires, be used in
the singular or the plural depending on the reference. In this Agreement, “hereof,” “herein,” “hereto,” “hereunder” and the like mean and refer to this Agreement as a whole and not merely to the specific
section, paragraph or clause in which the respective word appears; words importing gender include the other gender; references to “writing” include printing, typing lithography and other means of reproducing words in a tangible or visible
form; the words “including,” “includes” and “include” shall be deemed to be followed by the words “without limitation;” references to agreements and other contractual instruments shall be deemed to include
subsequent amendments, assignments, and other modifications thereto, but only to the extent such amendments, assignments and other modifications are not prohibited by the terms of this Agreement; references to Parties include their respective
permitted successors and assigns; and all references to statutes and regulations shall include any amendments of same and any successor statutes and regulations. 
 Section 3. Term of Employment. 
 (a) The term of Executive’s employment under this Agreement shall commence on the Effective Date and expire on the third (3rd) anniversary of the Original Agreement (December 19, 2010) (the “Term of Employment”), unless
terminated prior thereto in accordance herewith. This Agreement shall not be automatically renewable; however after the expiration of the Term of Employment, Executive’s employment shall continue on an “at will” basis. If following
the expiration of the Term of Employment, there is a termination with Good Reason (as defined below) or a termination without Cause (as defined below), in either case, Executive shall be entitled to and his sole remedies under this Agreement shall
be as set forth in Section 8(c). 
 (b) Notwithstanding anything in this Agreement to the contrary, at
least one year prior to the expiration of the Term of Employment, upon the written request of the Company or Executive, the Parties shall meet to discuss this Agreement and may agree in writing to modify any of the terms of this Agreement.

 Section 4. Title, Position, Duties and Responsibilities. 
 (a) Generally. Executive shall serve as Chief Executive Officer of the Company. Executive shall have and
perform such duties, responsibilities, and authorities as are customary for the Chief Executive Officer of corporations of similar size and businesses as the Company as they may exist from time to time and as are consistent with such positions and
status. Executive shall devote all of his business time and attention (except for periods of vacation or absence due to illness and other activities permitted pursuant to Section 4(b)), and his best efforts, abilities, experience, and talent to
the position of Chief Executive Officer and for the Company’s businesses. 
 (b) Other Activities.
Anything herein to the contrary notwithstanding, nothing in this Agreement shall preclude Executive from (i) serving on the boards of directors of a reasonable number of other corporations after prior consultation with and approval of the
Board

  

 4 

 
or the boards of a reasonable number of trade associations and/or charitable organizations, (ii) engaging in charitable activities and community affairs, and (iii) managing his personal
investments and affairs, provided that such activities do not materially interfere with the proper performance of his duties and responsibilities under this Agreement. 
 (c) Place of Employment. Executive’s principal place of employment shall be the corporate offices of the Company. 
 (d) Rank of Executive Within Company. As Chief Executive Officer of the Company, Executive shall be the
Company’s highest-ranking executive and Executive shall report directly to the Board. 
 (e) Board
Membership. Until the expiration of the Term of Employment, the Company shall use its reasonable best efforts, to the extent not inconsistent with applicable laws, rules, regulations and good governance standards, to nominate and cause the
election of Executive to the Board and to the Board’s Executive Committee, if one is constituted. If Executive is not elected to and serving on the Board at any time during the Term of Employment, Executive shall be entitled to terminate this
Agreement and be entitled to the remedies provided in Section 8(c) for a termination without Cause. For so long as he is serving on the Board, Executive agrees to serve as a member of any committee of the Board to which he is elected. In any
and all such capacities, Executive shall report only to the Board. 
 Section 5. Base Salary; Target
Bonus. 
 (a) Executive shall be paid an annualized salary, payable in accordance with the regular payroll
practices of the Company, of not less than $650,000 (“Base Salary”). The Base Salary shall be reviewed for increase (but not decrease) by the Compensation Committee (the “Committee”) of the Board of Directors of the
Company (the “Board”) no less than annually. 
 (b) Executive shall be eligible to participate
in an annual incentive plan with a target award opportunity approved from year to year by the Board. The amount of target annual incentive approved by the Board and/or the Committee for any given year is herein referred to as the “Target
Bonus.”  
 Section 6. Employee Incentive Compensation and Benefit Programs. During
the Term of Employment, Executive shall be entitled to participate, in addition to the annual incentive plan referenced in Section 5(b), in such other incentive compensation, pension and welfare benefit plans and programs of the Company as are
made available to the Company’s senior level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, deferral, health, medical, dental, long-term disability, travel
accident and life insurance plans, subject to eligibility. The Company expressly retains the right to modify or terminate any such incentive compensation, pension and welfare benefit plans and programs in its sole discretion. In no case shall
Executive be awarded any options or stock appreciation rights with an exercise price less than 100% of Fair Market Value. For purposes of this Agreement, “Fair Market Value” shall be equal to the price of the Company’s stock on the
date of grant of such award as determined pursuant to the related award. 
  

 5 

 Section 7. Reimbursement of Business and Other Expenses;
Perquisites. 
 (a) Reimbursement. Executive is authorized to incur reasonable expenses in carrying
out his duties and responsibilities under this Agreement, and the Company shall promptly reimburse him for all such business expenses incurred in connection therewith, subject to documentation in accordance with the Company’s business expense
reimbursement policies. 
 (b) Automobile Expenses. Until the expiration of this Term or earlier
termination of this Agreement, the Company shall (i) provide Executive with the full and exclusive use of an automobile equivalent to the automobile used by Executive as of the Effective Date and (ii) pay all maintenance, insurance, and
gasoline expenses incidental to the automobile, whether or not business related. Executive shall have the right to receive a new automobile on or about the second anniversary of the date on which he took possession of the then current automobile.
Upon termination of this Agreement, if Executive is entitled to the benefits of either Section 8(c) or Section 8(e) of this Agreement, the Company shall transfer title to Executive, without payment therefor, of the Company’s
automobile that Executive is then utilizing within 15 days of the Earliest Payment Date (and the value thereof will be reported as additional compensation to Executive). 
 (c) Life Insurance Benefits. The Company shall pay the premium directly, or shall reimburse Executive, in his discretion, on a whole life insurance policy on the life of
Executive with a face value to be determined in the sole discretion of Executive, which premium shall not exceed $25,000 per year. Such obligation to pay the premium or reimburse Executive shall continue until the expiration of the Term or earlier
termination of this Agreement and any applicable severance period. Executive shall have the right to designate the beneficiaries of such policy and shall be the owner thereof. If Executive notifies the Company that he has elected for the Company to
pay the premiums directly, the Company shall pay all premiums on such life insurance policy at least five (5) days before the end of any grace period, and on demand provide Executive due proof of such payment. The insurance company issuing such
policy shall be authorized to give Executive, upon his request, any information regarding the status of any such policy. Any dividend declared upon such policy shall be applied to the premium. The company issuing the insurance policy must be at
least “AA” in the “Best” ratings and be duly licensed to issue such policy. 
 (d) Tax
Preparation. Until the expiration of the Term or earlier termination of this Agreement and any applicable severance period, the Company will reimburse Executive for the cost of tax and financial preparation and planning, including services that
may be requested by Executive from time to time pertaining to this Agreement, which shall be limited to $2,500 per year. 
 (e) Time of Reimbursement. All expenses described in this Section 7 shall be made in accordance with the Company’s business expense reimbursement policies and procedures for its senior
executives (including timing), and such reimbursements will be made in any event no later than the last day of Executive’s taxable year following the taxable year in which the expense was incurred. The expenses reimbursed by the Company during
any taxable year of Executive will not affect the expenses reimbursed by the Company in another taxable year. Further, this right to reimbursement is not subject to liquidation or exchange for another benefit. 
  

 6 

 Section 8. Termination of Employment. 
 (a) Termination Due to Death or Disability. In the event Executive’s employment with the Company is terminated
due to his death or Disability (as defined below), Executive, his estate or his beneficiaries, as the case may be, shall be entitled to, and his or their sole remedies under this Agreement shall be: 
 (i) Base Salary through the date of death or Disability, which shall be paid in a single lump sum not later
than 15 days following Executive’s termination of employment as a result of death or Disability; 
 (ii) the balance of any incentive awards earned as of December 31 of the prior year (but not yet paid), which shall be paid in a single lump sum not later than 15 days following Executive’s termination of employment as a result of
death or Disability; 
 (iii) the immediate vesting of all unvested equity awards held by
Executive in existence as of the date of the Original Agreement; and 
 (iv) all other or
additional benefits then due or earned in accordance with applicable plans and programs of the Company. 
 For purposes
of this Agreement, the term “Disability” means Executive’s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or
can be expected to last for a continuous period of not less than 12 months.  
 (b) Termination by the
Company for Cause. 
 (i) “Cause” shall mean: 
 (A) Executive’s willful and material breach of Sections 10, 11 or 12 of this Agreement; 
 (B) Executive is convicted of, or enters a plea of nolo contendere to, a felony; 
 (C) Executive engages in conduct that constitutes willful gross neglect or willful gross misconduct in
carrying out his duties under this Agreement, willful violation of the Company’s code of conduct, or fails to follow reasonable and lawful directives of the Board which are consistent with this Agreement resulting, in either case, in material
harm to the financial condition or reputation of the Company; or 
  

 7 

 (D) Executive engages in an act or series of acts
constituting misconduct resulting in a misstatement of the Company’s financial statements due to material non-compliance with any financial reporting requirement within the meaning of Section 304 of The Sarbanes Oxley Act of 2002.

 For purposes of this Agreement, an act or failure to act on Executive’s part shall be considered
“willful” if it was done or omitted to be done by him not in good faith, and shall not include any act or failure to act resulting from any incapacity of Executive. 
 (ii) A termination for Cause shall not take effect until a determination by the Board that, in its judgment,
grounds for termination of Executive for Cause exist. 
 (iii) In the event the Company
terminates Executive’s employment for Cause, he shall be entitled to and his sole remedies under this Agreement shall be: 
 (A) Base Salary through the date of the termination of his employment for Cause, which shall be paid in a single lump sum not later than 15 days following Executive’s termination of employment;

 (B) any incentive awards earned as of December 31 of the prior year (but not yet paid),
which shall be paid in a single lump sum not later than 15 days following Executive’s termination of employment; and 
 (C) other or additional benefits then due or earned in accordance with applicable plans or programs of the Company. 
 (c) Termination by the Company Without Cause or Termination by Executive With Good Reason Prior to a Change in Control. In the event Executive’s employment with the
Company is terminated without Cause (meaning Executive’s employment is terminated by the Company for any reason other than Cause (as defined in Section 8(b)) or due to death or Disability, which termination shall be effective as of the
date specified by the Company in a written notice to Executive, or in the event Executive terminates his employment with Good Reason (as defined below), in either case prior to a Change in Control (as defined below), Executive shall be entitled to
and his sole remedies under this Agreement shall be as follows: 
 (i) Base Salary through the
date of termination of Executive’s employment, which shall be paid in a single lump sum not later than 15 days following Executive’s termination of employment; 
 (ii) an amount equal to 2 times the sum of (A) the Base Salary, at the annualized rate in effect on the
date of termination of Executive’s employment (or in the event a reduction in Base Salary is a basis for a termination with Good Reason, then the Base Salary in effect immediately prior to such reduction), and (B) the actual prior year
bonus, which amount shall be payable in substantially equal monthly installments in accordance with the Company’s payroll practices for a period of 24 months beginning with the calendar month that immediately follows the Earliest Payment Date
(the “Severance Period”) unless otherwise required to be paid in accordance with Section 8(j); 
  

 8 

 (iii) the balance of any incentive awards earned as of
December 31 of the prior year (but not yet paid), which shall be paid in a single lump sum not later than 15 days following Executive’s termination of employment; 
 (iv) continued participation in the medical plan for Executive and his dependants who are qualified
beneficiaries for purposes of continuation coverage under COBRA at the same benefit level at which he and such dependants were participating on the date of the termination of his employment at the same premium paid by similarly situated active
employees during the applicable time period allowed for continuation of coverage under COBRA (the “COBRA Period”) until the earlier of the expiration of the Severance Period or the date on which Executive receives substantially
comparable coverage and benefits under the medical plan of a subsequent employer (the “Continued Participation Period”); provided, however, if the COBRA Period terminates prior to the expiration of the Continued Participation
Period, during the remainder of the Continued Participation Period Executive and such dependants will not be entitled to continued participation in the medical plan and the Company will pay directly to Executive, on a monthly basis during the
remainder of the Continued Participation Period, an amount equal to the amount previously expended monthly by the Company for Executive’s and such dependants’ continued participation in the medical plan, and 
 (v) other or additional benefits then due or earned in accordance with applicable plans and programs of the
Company. 
 A termination with “Good Reason” shall mean a termination of Executive’s
employment at his initiative as provided in this Section 8(c) following the occurrence, without Executive’s written consent, of one or more of the following events (except as a result of a prior termination): 
 (A) a material reduction in Executive’s Base Salary; 
 (B) a relocation of the corporate offices of the Company outside a 50-mile radius of Baton Rouge, Louisiana;

 (C) a material diminution of Executive’s authority, responsibilities or duties;

 (D) any action or inaction occurs which constitutes a material breach by the Company of its
obligations under this Agreement. 
 For purposes of this Agreement, Good Reason shall not be deemed to have occurred unless
(i) Executive provides the Company with notice of one of the conditions described above within ninety (90) days of the existence of the condition, (ii) the Company is provided at least thirty (30) days to cure the condition and
fails to cure same within such thirty-day (30-day) period and (iii) Executive terminates employment within at least one hundred fifty (150) days of the existence of the condition. 
  

 9 

 A “Change in Control” shall be deemed to have occurred if:

 (A) any Person (other than the Company, any trustee or other fiduciary holding securities
under any employee benefit plan of the Company, or any company owned, directly or indirectly, by the stockholders of the Company immediately prior to the occurrence with respect to which the evaluation is being made in substantially the same
proportions as their ownership of the common stock of the Company) becomes the Beneficial Owner (except that a Person shall be deemed to be the Beneficial Owner of all shares that any such Person has the right to acquire pursuant to any agreement or
arrangement or upon exercise of conversion rights, warrants or options or otherwise, without regard to the sixty day period referred to in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company or any Significant
Subsidiary (as defined below), representing 50% or more of the combined voting power of the Company’s or such subsidiary’s then outstanding securities; 
 (B) during any 12-month period, individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated by a person who has
entered into an agreement with the Company to effect a transaction described in clause (i), (iii), or (iv) of this paragraph) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at
least two-thirds of the directors then still in office who either were directors at the beginning of the 12-month period or whose election or nomination for election was previously so approved but excluding for this purpose any such new director
whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of
proxies or consents by or on behalf of an individual, corporation, partnership, group, associate or other entity or Person other than the Board, cease for any reason to constitute at least a majority of the Board; 
 (C) the consummation of a merger or consolidation of the Company or any subsidiary owning directly or
indirectly all or substantially all of the consolidated assets of the Company (a “Significant Subsidiary”) with any other entity, other than a merger or consolidation which would result in the voting securities of the Company or a
Significant Subsidiary outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or resulting entity) more than 50% of the combined voting power of
the surviving or resulting entity outstanding immediately after such merger or consolidation; or 
  

 10 

 (D) the stockholders of the Company approve a plan or
agreement for the sale or disposition of all or substantially all of the consolidated assets of the Company (other than such a sale or disposition immediately after which such assets will be owned directly or indirectly by the stockholders of the
Company in substantially the same proportions as their ownership of the common stock of the Company immediately prior to such sale or disposition) in which case the Board shall determine the effective date of the Change in Control resulting
therefrom. 
 For purposes of this definition: 
 (A) The term “Beneficial Owner” shall have the meaning ascribed to such term in Rule 13d-3
under the Exchange Act (including any successor to such Rule). 
 (B) The term “Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto. 
 (C) The term “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof, including “group” as
defined in Section 14(d) thereof. 
 (d) Voluntary Termination. In the event of a termination of
employment by Executive on his own initiative, other than a termination due to death, a termination with Good Reason, a Retirement pursuant to Section 8(f) below, or a voluntary termination by Executive on his own initiative pursuant to
Section 8(e)(y), Executive shall have the same entitlements as provided in Section 8(b)(iii) above for a termination for Cause. Notwithstanding any implication to the contrary, Executive shall not have the right to terminate his employment
with the Company during the Term of Employment except in the event of a termination with Good Reason, Retirement, or a voluntary termination by Executive on his own initiative pursuant to Section 8(e)(y), and any voluntary termination of
employment during the Term of Employment in violation of this Agreement shall be considered a material breach. 
 (e) Termination by the Company Without Cause or Termination by Executive With Good Reason Following a Change in Control. If either (x) Executive’s employment with the Company is terminated by the Company without Cause
(which termination shall be effective as of the date specified by the Company in a written notice to Executive), other than due to death or Disability, or in the event there is a termination with Good Reason (as defined above), in either case within
one year following a Change in Control (as defined above), or (y) Executive voluntarily terminates his employment on his own initiative on or after 275 days (but no later than 305 days) following a Change of Control, in either case of
(x) or (y), Executive shall be entitled to and his sole remedies under this Agreement shall be: 
 (i) Base Salary through the date of termination of Executive’s employment, which shall be paid in a single lump sum not later than 15 days following Executive’s termination of employment; 
  

 11 

 (ii) an amount equal to 3 times the sum of (A) the Base
Salary, at the annualized rate in effect on the date of termination of Executive’s employment (or in the event a reduction in Base Salary is a basis for a termination with Good Reason, then the Base Salary in effect immediately prior to such
reduction), and (B) the actual prior year bonus, which amount shall be payable in lump sum on the Earliest Payment Date, unless otherwise required to be paid in accordance with Section 8(j); 
 (iii) the balance of any incentive awards earned as of December 31 of the prior year (but not yet paid),
which shall be paid in a single lump sum not later than 15 days following Executive’s termination of employment; 
 (iv) continued participation in the medical plan for Executive and his dependants who are qualified beneficiaries for purposes of continuation coverage under COBRA at the same benefit level at which he
and such dependants were participating on the date of the termination of his employment at the same premium paid by similarly situated active employees during the applicable time period allowed for continuation of coverage under COBRA (the
“COBRA Period”) until the earlier of the expiration of the Severance Period or the date on which Executive receives substantially comparable coverage and benefits under the medical plan of a subsequent employer (the
“Continued Participation Period”); provided, however, if the COBRA Period terminates prior to the expiration of the Continued Participation Period, during the remainder of the Continued Participation Period Executive will not be
entitled to continued participation in the medical plan and the Company will pay directly to Executive, on a monthly basis during the remainder of the Continued Participation Period, an amount equal to the amount previously expended monthly by the
Company as of the last day of the COBRA Period for Executive’s and such dependants’ continued participation in the medical plan; 
 (v) other or additional benefits then due or earned in accordance with applicable plans and programs of the Company; and 
 (vi) all awards made to Executive prior to the date of the Original Agreement shall vest, and Executive shall
be entitled to the benefit of all such awards immediately upon a Change of Control. 
 (f) Retirement.
Upon Executive’s Retirement (as defined below), Executive shall be entitled to and his sole remedies under this Agreement shall be: 
 (i) Base Salary through the date of termination of Executive’s employment, which shall be paid in a single lump sum not later than 15 days following Executive’s termination of employment;

 (ii) the balance of any incentive awards earned as of December 31 of the prior year (but
not yet paid), which shall be paid in a single lump sum not later than 15 days following Executive’s termination of employment; 
 (iii) the immediate vesting of all unvested equity awards held by Executive in existence as of the date of this Agreement, other than awards that are intended to constitute performance-based compensation
within the meaning of Section 162(m) of the Code; and 
  

 12 

 (iv) all other or additional benefits then due or earned in
accordance with applicable plans and programs of the Company. 
 For purposes of this Agreement,
“Retirement” shall mean Executive’s voluntary retirement from employment with the Company as approved by the Board in its sole discretion. 
 (g) No Mitigation; No Offset. In the event of any termination of employment, Executive shall be under no obligation to seek other employment; amounts due Executive under this
Agreement shall not be offset by any remuneration attributable to any subsequent employment that he may obtain. 
 (h) Nature of Payments. Any amounts due under this Section 8 are in the nature of severance payments considered to be reasonable by the Company and are not in the nature of a penalty. 
 (i) No Further Liability; Release. In the event of Executive’s termination of employment, payment made and
performance by the Company in accordance with this Section 8 shall operate to fully discharge and release the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and
representatives from any further obligation or liability with respect to Executive’s rights under this Agreement. Other than payment and performance under this Section 8, the Company and its directors, officers, employees, subsidiaries,
affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to Executive or any other person under this Agreement in the event of Executive’s termination of employment. The Company
conditions the payment of any severance or other amounts pursuant to this Section 8 upon (i) the delivery by Executive to the Company of a release in a form satisfactory to the Company, substantially in the form attached hereto as
Attachment 1, releasing any and all claims Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of this Agreement
within such time following his termination of employment as will permit the release to become irrevocable on or before the Earliest Payment Date and (ii) such release actually becoming irrevocable by the Earliest Payment Date. 
 (j) Section 409A Specified Employee. If Executive is a “specified employee” for purposes of
Section 409A of the Code, to the extent required to comply with Section 409A of the Code, any payments required to be made pursuant to this Section 8 which are deferred compensation and subject to Section 409A of the Code (and do
not qualify for an exemption thereunder) shall not commence until one day after the day which is six (6) months from the date of termination. Should this Section 8(j) result in a delay of payments to Executive, on the first day any such
payments may be made without incurring a penalty pursuant to Section 409A (the “409A Payment Date”), the Company shall begin to make such payments as described in this Section 8, provided that any amounts that would have
been payable earlier but for application of this Section 8(j) shall be paid in lump-sum on the 409A Payment Date. 
  

 13 

 (k) Termination Without Cause Within 90 Days Prior to A Change in
Control. Anything in this Agreement to the contrary notwithstanding, if Executive’s employment with the Company is terminated without Cause within 90 days prior to the date on which the Change in Control occurs, such termination shall be
deemed to have occurred after a Change in Control for purposes of this Agreement. 
 (l) Financial Security
For Payments Following a Change in Control. Following a Change in Control, at the request of Executive, the Company or its successor shall provide financial security reasonably acceptable to Executive for its obligations to make payments
required by Section 8(e). 
 (m) Separation from Service. Anything in this Agreement to the contrary
notwithstanding, no payment shall be made under this Section 8, no Gross-Up Amount shall be paid under Section 16 and no automobile shall be transferred under Section 7(b) unless the termination of employment or Retirement that gives
rise to the payment also constitutes a “separation from service” within the meaning of Section 409A of the Code and the regulations issued thereunder, and solely for purposes of making the payments called for under this
Section 8, paying the Gross-Up Amount under Section 16 or transferring the automobile under Section 7(b), the first date as of which Executive has a separation from service shall be treated as the date his employment terminates.

 Section 9. Forfeiture Provisions. 
 (a) Forfeiture of Stock Options and Other Awards and Gains Realized Upon Prior Option Exercises or Award Settlements and
Severance Payments. Unless otherwise determined by the Committee, upon termination of Executive’s employment for Cause, Executive’s engaging in competition with the Company or any Subsidiary after a voluntary termination of employment
pursuant to Section 8(d), or Executive’s violation of any of the other restrictive covenants contained in Section 10, 11 or 12 (each a “Forfeiture Event”) while employed by the Company and for 24 months after such
employment terminates, will result in: 
 (i) The unexercised portion of any stock option,
whether or not vested, and any other Award (as defined below) not then settled (except for an Award that has not been settled solely due to an elective deferral by Executive and otherwise is not forfeitable in the event of any termination of
Executive’s service) will be immediately forfeited and canceled upon the occurrence of the Forfeiture Event; 
 (ii) Executive will be obligated to repay to the Company, in cash, within five business days after demand is made therefor by the Company, the total amount of Award Gain (as defined herein) realized by
Executive upon each exercise of a stock option or settlement of an Award (regardless of any elective deferral) that occurred (A) during the period commencing with the date that is 6 months prior to the occurrence of the Forfeiture Event and the
date 24 months after the Forfeiture Date, if the Forfeiture Event

  

 14 

 
occurred while Executive was employed by the Company or a Subsidiary or affiliate, or (B) during the period commencing 6 months prior to the date Executive’s employment by the Company
terminated and ending 24 months after the date of such termination, if the Forfeiture Event occurred after Executive ceased to be so employed. For purposes of this Section 9, the term “Award Gain” shall mean (i), in respect of
a given stock option exercise, the product of (X) the Fair Market Value per share of common stock at the date of such exercise (without regard to any subsequent change in the market price of shares) minus the exercise price times (Y) the
number of shares as to which the stock option was exercised at that date, and (ii), in respect of any other settlement of an Award granted to Executive, the Fair Market Value of the cash or stock paid or payable to Executive (regardless of any
elective deferral) less any cash or the Fair Market Value of any stock or property (other than an Award or award which would have itself then been forfeitable hereunder and excluding any payment of tax withholding) paid by Executive to the Company
as a condition of or in connection such settlement; and 
 (iii) Executive will be obligated to
repay to the Company, in cash, within five business days after demand is made therefor by the Company, the total amount of any payments made by the Company to Executive or on Executive’s behalf under Sections 8(c)(ii), 8(c)(iv), 8(e)(ii), and
8(iv). 
 For purposes of this Section 9, “Award” shall mean any cash award, stock option,
stock appreciation right, restricted stock, deferred stock, bonus stock, dividend equivalent, or other stock-based or performance-based award or similar award, together with any related right or interest, granted to or held by Executive. 

(b) Committee Discretion. The Committee may, in its discretion, waive in whole or in part the Company’s right
to forfeiture under this Section 9, but no such waiver shall be effective unless evidenced by a writing signed by a duly authorized officer of the Company. In addition, the Committee may impose additional conditions on Awards, by inclusion of
appropriate provisions in the document evidencing or governing any such Award. 
 Section 10.
Confidentiality; Cooperation with Regard to Litigation; Non-Disparagement; Return of Company Materials. 
 (a) During the Term of Employment and thereafter, Executive shall not, without the prior written consent of the Company, disclose to anyone (except in good faith in the ordinary course of business to a person who will be advised by
Executive to keep such information confidential) or make use of any Confidential Information (as defined below), except in the performance of his duties hereunder or when required to do so by legal process, by any governmental agency having
supervisory authority over the business of the Company or by any administrative or legislative body (including a committee thereof) that requires him to divulge, disclose or make accessible such information. In the event that Executive is so
ordered, he shall give prompt written notice to the Company in order to allow the Company the opportunity to object to or otherwise resist such order. 
  

 15 

 (b) During the Term of Employment and thereafter, Executive shall not
disclose the existence or contents of this Agreement beyond what is disclosed in the proxy statement or documents filed with the government unless and to the extent such disclosure is required by law, by a governmental agency, or in a document
required by law to be filed with a governmental agency or in connection with enforcement of his rights under this Agreement. This restriction shall not apply to such disclosure by him to members of his immediate family, his tax, legal or financial
advisors, any lender, or tax authorities, or to potential future employers to the extent necessary, each of whom shall be advised not to disclose such information. 
 (c) “Confidential Information” shall mean (i) all information concerning the business of the Company or any Subsidiary including information relating to any of
their products, product development, trade secrets, customers, suppliers, finances, and business plans and strategies, and (ii) information regarding the organization structure and the names, titles, status, compensation, benefits and other
proprietary employment-related aspects of the employees of the Company and the Company’s employment practices. Excluded from the definition of Confidential Information is information (A) that is or becomes part of the public domain, other
than through the breach of this Agreement by Executive or (B) regarding the Company’s business or industry properly acquired by Executive in the course of his career as an executive in the Company’s industry and independent of
Executive’s employment by the Company. For this purpose, information known or available generally within the trade or industry of the Company or any Subsidiary shall be deemed to be known or available to the public. 
 (d) “Subsidiary” shall mean any corporation controlled directly or indirectly by the Company. 

(e) Executive agrees to cooperate with the Company, during the Term of Employment and thereafter (including following
Executive’s termination of employment for any reason), by making himself reasonably available to testify on behalf of the Company or any Subsidiary in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative,
and to assist the Company, or any Subsidiary, in any such action, suit, or proceeding, by providing information and meeting and consulting with the Board or its representatives or counsel, or representatives or counsel to the Company, or any
Subsidiary as requested; provided, however that the same does not materially interfere with his then current professional activities. The Company agrees to reimburse Executive, on an after-tax basis, for all expenses actually incurred in connection
with his provision of testimony or assistance. 
 (f) Executive agrees that, during the Term of Employment and
thereafter (including following Executive’s termination of employment for any reason) he will not make statements or representations, or otherwise communicate, directly or indirectly, in writing, orally, or otherwise, or take any action which
may, directly or indirectly, disparage the Company or any Subsidiary or their respective officers, directors, employees, advisors, businesses or reputations. The Company agrees that, during the Term of Employment and thereafter (including following
Executive’s termination of employment for any reason) the Company will not make statements or representations, or otherwise communicate, directly or indirectly, in writing, orally, or otherwise, or take any action which may directly or
indirectly, disparage Executive or his business or

  

 16 

 
reputation. Notwithstanding the foregoing, nothing in this Agreement shall preclude either Executive or the Company from making truthful statements or disclosures that are required by applicable
law, regulation, or legal process. 
 (g) Executive recognizes that all Confidential Information and copies or
reproductions thereof, relating to the Company’s operations and activities made or received by Executive in the course of his Employment are the exclusive property of the Company. Upon any termination of employment, Executive agrees to deliver
any Company property and any documents, notes, drawings, specifications, computer software, data and other materials of any nature pertaining to any Confidential Information that are held by Executive and will not take any of the foregoing, or any
reproduction of any of the foregoing, that is embodied an any tangible medium of expression, provided that the foregoing shall not prohibit Executive from retaining his personal phone directories and rolodexes. 
 Section 11. Non-competition/Prior Employment Covenants. 
 (a) During Executive’s employment by the Company, Executive shall refrain from, without the written consent of the
Company, directly or indirectly, whether individually or as an employee, consultant, principal, agent, officer, director, partner, shareholder (except as a less than one percent shareholder of a publicly traded company) or owner of or in any
capacity with any corporation, partnership, business, company or other entity, carrying on or engaging in, or assisting another to carry on or engage in, any other business, work or activity similar to the business, work or activity of the Company
or its affiliates. During the Restriction Period (as defined below), Executive shall refrain from, without the written consent of the Company, directly or indirectly, whether individually or as an employee, consultant, principal, agent, officer,
director, partner, shareholder (except as a less than one percent shareholder of a publicly traded company) or owner of or in any capacity with any corporation, partnership, business, company or other entity, (i) carrying on or engaging in, or
assisting another to carry on or engage in, any other business, work or activity similar to the business, work or activity of the Company or its affiliates in the geographical areas listed on Attachment 2 (the “Restricted
Areas”) in which the Company or its affiliates are then engaged in business, and (ii) soliciting customers of the Company or its affiliates in the Restricted Area. The Parties acknowledge that the Company is expanding and in order to
prevent ongoing, repetitious amendments to this Agreement solely for the purpose of updating the Restricted Areas, the Parties agree that the Restricted Areas, inclusive of Attachment 2, shall be self-amending to include all parishes,
counties and States in which the Company conducts business or actively solicits business at any time during Executive’s employment with the Company and in no event shall such Restricted Areas be less than that contained in Attachment 2.
The Parties intend and agree that Executive’s continued employment thereafter shall serve as the Parties’ constructive acceptance of an amendment to enlarge the Restricted Areas. 
 (b) For the purposes of this Section 11, “Restriction Period” shall mean the period beginning with the
Effective Date and ending with: 
 (i) in the case of a termination of Executive’s
employment by the Company without Cause or a termination by Executive with Good Reason, pursuant to Section 8(c)(whether during or after the Term of Employment), the Restriction Period shall terminate 24 months from the date of such
termination; 
  

 17 

 (ii) in the case of a termination of Executive’s
employment for Cause pursuant to Section 8(b) or in the case of a voluntary termination of Executive’s employment pursuant to Section 8(d) above (whether during or after the Term of Employment), 24 months from the date of such
termination; 
 (iii) in the case of a Retirement pursuant to Section 8(f) above or a
termination due to Disability pursuant to Section 8(a), 24 months from the date of Retirement or the date of the termination due to Disability; 
 (iv) in the case of any termination of Executive’s employment pursuant to Section 8(e) above, 24 months from the date of such termination. 
 (c) Executive represents and warrants to the Company that performance of Executive’s duties pursuant to this Agreement
will not violate any agreements with or trade secrets of any other person or entity or previous employers, including without limitation agreements containing provisions against solicitation or competition. 
 Section 12. Non-solicitation of Employees and Customers. During the period beginning with the Effective Date and
ending 24 months following the termination of Executive’s employment for any reason, Executive shall not induce: (i) employees of the Company or any Subsidiary to terminate their employment (provided, however, that the foregoing shall not
be construed to prevent Executive from engaging in generic non-targeted advertising for employees generally), or (ii) customers of the Company or any Subsidiary to terminate their relationship with the Company, within the Restricted Areas.
During such period, Executive shall not hire, either directly or through any employee, agent or representative, any employee of the Company or any Subsidiary or any person who was employed by the Company or any Subsidiary within 180 days of such
hiring. 
 Section 13. Remedies. In addition to whatever other rights and remedies the
Company may have at equity or in law (including without limitation, the right to seek monetary damages), if Executive breaches any of the provisions contained in Sections 10, 11 or 12, the Company (a) shall have its rights under Section 9
of this Agreement, (b) shall have the right to immediately terminate all payments and benefits due under this Agreement and (c) shall, not withstanding Section 14, have the right to seek injunctive or other equitable relief, including
but not limited to, the right to seek a temporary restraining order, preliminary injunction or permanent injunction, without the requirement to prove actual damages or to post any bond or other security. Executive hereby waves the requirement of
posting bond or other security and acknowledges that such a breach of Sections 10, 11 or 12 would cause irreparable injury and that money damages alone would not provide an adequate remedy for the Company; provided, however, the foregoing shall not
prevent Executive from contesting the issuance of any such injunction on the ground that no violation or threatened violation of Sections 10, 11 or 12 has occurred. 
  

 18 

 Section 14. Resolution of Disputes. In the event that a Party to
this Agreement has any claim, right or cause of action against another Party to this Agreement, which the Parties are unable to settle by agreement between themselves, such claim, right or cause of action, to the extent that the relief sought by
such Party is for monetary damages or awards, will be determined by arbitration in accordance with the provisions of this Section 14. 
 (a) The Party claiming a cause of action or breach of this Agreement shall first provide the other Party with written notice of the breach. If the breach is not remedied within 15 days of said notice, the
Party claiming the breach may request arbitration by serving upon the other a demand therefor, in writing, specifying the matter to be submitted to arbitration, and nominating a competent disinterested person to act as an arbitrator. Within 15 days
after receipt of such written demand and nomination, the other Party will, in writing, nominate a competent disinterested person, and the two arbitrators so designated will, within 15 days thereafter, select a third arbitrator. The three arbitrators
will give immediate written notice of such selection to the Parties and will fix in said notice a time and place of the meeting of the arbitrators which will be in Baton Rouge, Louisiana, where all proceedings will be conducted, and will be held as
soon as conveniently possible (but in no event later than 45 days after the appointment of the third arbitrator), at which time and place the Parties to the controversy will appear and be heard with respect to the right, claim or cause of action. In
case the notified Party or Parties will fail to make a selection upon notice within the time period specified, the Party asserting such claim will appoint an arbitrator on behalf of the notified Party. In the event that the first two arbitrators
selected will fail to agree upon a third arbitrator within 15 days after their selection, then such arbitrator may, upon application made by either of the Parties to the controversy, be appointed by any judge of the United States District Court for
the Middle District of Louisiana. 
 (b) Each Party will present such testimony, examinations and investigations
in accordance with such procedures and regulations as may be determined by the arbitrators and will also recommend to the arbitrators a monetary award to be adopted by the arbitrators as the complete disposition of such claim, right or cause of
action. After hearing the Parties in regard to the matter in dispute, the arbitrators will make their determination with respect to such claim, right or cause of action, within 30 days of the completion of the examination, by majority decision
signed in writing (together with a brief written statement of the reasons for adopting such recommendation), and will deliver such written determination to each of the Parties. The decision of said arbitrators, absent fraud, duress or manifest
error, will be final and binding upon the Parties to such controversy and may be enforced in any court of competent jurisdiction. The arbitrators may consult with and engage disinterested third parties to advise the arbitrators. The arbitrators
shall not award any punitive damages. If any of the arbitrators selected hereunder should die, resign or be unable to perform his or her duties hereunder, the remaining arbitrators or any judge of the United States District Court for the Middle
District of Louisiana shall select a replacement arbitrator. The procedure set forth in this Section for selecting the arbitrators shall be followed from time to time as necessary. As to any claim, controversy, dispute or disagreement that under the
terms hereof is made subject to arbitration, no lawsuit based on such matters shall be instituted by any of the Parties, other than to compel arbitration proceedings or enforce the award of a majority of the arbitrators. All privileges under
Louisiana and federal law, including attorney-client and work-product privileges, shall be preserved and protected to the same extent that such privileges would be protected in a federal court proceeding applying Louisiana law. 
  

 19 

 (c) The Company shall be responsible for advancing the cost of the
arbitrators as well as the other costs of the arbitration. Each Party will pay the fees and expenses of its own counsel. 
 (d) Notwithstanding any other provisions of this Section 14, in the event that a Party against whom any claim, right or cause of action is asserted commences, or has commenced against it, bankruptcy,
insolvency or similar proceedings, the Party or Parties asserting such claim, right or cause of action will have no obligations under this Section 14 and may assert such claim, right or cause of action in the manner and forum it deems
appropriate, subject to applicable laws. No determination or decision by the arbitrators pursuant to this Section 14 will limit or restrict the ability of any Party hereto to obtain or seek in any appropriate forum, any relief or remedy that is
not a monetary award or money damages. 
 (e) Notwithstanding any other provisions of this Section 14, if
the Company is seeking injunctive or other equitable relief from a dispute arising under or in connection with Sections 10, 11, or 12, the arbitration requirements of this Section 14 shall not apply. 
 (f) Any court proceedings relating to this Agreement shall be filed exclusively in the federal and state courts domiciled in
Baton Rouge, Louisiana, and the Parties hereto consent to the venue and jurisdiction of such courts. 
 Section 15. Indemnification. 
 (a) Company Indemnity. The Company agrees that if
Executive is made a party, or is threatened to be made a party, to any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”), by reason of the fact that he is or was a director,
officer or employee of the Company or any Subsidiary or is or was serving at the request of the Company or any Subsidiary as a director, officer, member, employee or agent of another corporation, partnership, joint venture, trust or other
enterprise, including service with respect to employee benefit plans, whether or not the basis of such Proceeding is Executive’s alleged action in an official capacity while serving as a director, officer, member, employee or agent, Executive
shall be indemnified and held harmless by the Company to the fullest extent legally permitted or authorized by the Company’s certificate of incorporation or bylaws or resolutions of the Company’s Board or, if greater, by the laws of the
State of Louisiana against all cost, expense, liability and loss (including, without limitation, attorney’s fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by
Executive in connection therewith, provided Executive provides Company with prompt notice of such action or threatened action. Such indemnification shall continue as to Executive even if he has ceased to be a director, member, officer, employee or
agent of the Company or other entity and shall inure to the benefit of Executive’s heirs, executors and administrators. The Company shall advance to Executive all reasonable costs and expenses to be incurred by him in connection with a
Proceeding within 20 days after receipt by the Company of a written request for such advance. Such request shall include an undertaking

  

 20 

 
by Executive to repay the amount of such advance if it shall ultimately be determined that he is not entitled to be indemnified against such costs and expenses. The provisions of this
Section 15(a) shall not be deemed exclusive of any other rights of indemnification to which Executive may be entitled or which may be granted to him, and it shall be in addition to any rights of indemnification to which he may be entitled under
any policy of insurance. 
 (b) No Presumption Regarding Standard of Conduct. Neither the failure of the
Company (including its Board, independent legal counsel or stockholders) to have made a determination prior to the commencement of any proceeding concerning payment of amounts claimed by Executive under Section 15(a) above that indemnification
of Executive is proper because he has met the applicable standard of conduct, nor a determination by the Company (including its Board, independent legal counsel or stockholders) that Executive has not met such applicable standard of conduct, shall
create a presumption that Executive has not met the applicable standard of conduct. 
 Section 16.
Excise Taxes. 
 (a) Notwithstanding any provision of this Agreement, or any other agreement, plan or
arrangement to the contrary, if any portion of the Contingent Payments made or to be made to Executive would result in the imposition of an Excise Tax, then: 
 (i) if the After-Tax Proceeds With Gross-Up exceed the After-Tax Proceeds With Cut-Back, the Company shall pay to Executive an amount in cash equal to the Gross-Up Amount within 120
days after Executive terminates employment (and in any event no later than March 1 of the year following the year of termination). 
 (ii) if the After-Tax Proceeds With Cut-Back exceed the After-Tax Proceeds With Gross-Up, Executive shall not be paid the Gross-Up Amount and the aggregate amount of all payments to which Executive is
entitled under this Agreement and all other agreements, plans and arrangements shall be reduced to the minimum extent necessary so that the aggregate present value of such payments equals no more than 299% of Executive’s Base Amount.

 (b) All determinations required under this Section 16 shall be made by the Company’s independent
accountants or compensation consultants, after due consideration of Executive’s comments with respect to the interpretation hereof, and all such determinations shall be conclusive, final and binding on the parties hereto, subject to a Final
Determination. 
 (c) For purposes of this Section 16: 
 (i) “After-Tax Proceeds With Cut-Back” shall mean the fair market value of all Contingent
Payments to Executive reduced to the minimum extent necessary so that the aggregate present value of such payments equals 299% of Executive’s Base Amount, and reduced further by the aggregate amount of all Taxes which would be imposed on
Executive with respect to such Contingent Payments. The amount of Taxes deemed imposed with respect to such Contingent Payments shall be determined as if all events that could give rise to a Tax with respect to such Contingent Payments had occurred.

  

 21 

 (ii) “After-Tax Proceeds With Gross-Up”
shall mean the fair market value of all Contingent Payments to Executive plus the Gross-Up Amount, reduced by the aggregate amount of all Taxes which would be imposed on Executive with respect to such Contingent Payments. The amount of Taxes deemed
imposed with respect to such Contingent Payments shall be determined as if all events that could give rise to a Tax with respect to such Contingent Payments had occurred. 
 (iii) “Base Amount” shall have the meaning set forth in Section 280G(b)(3) of the Code
and the Treasury Regulations promulgated thereunder or any successor provisions of law. 
 (iv)
“Contingent Payments” shall mean all payments in the nature of compensation payable to (or for the benefit of) Executive which would otherwise be treated as “excess parachute payments” (within the meaning of
Section 280G(b)(1) of the Code) determined as if the thresholds set forth in Section 280G(b)(2)(A)(ii) of the Code were satisfied with respect to Executive. 
 (v) “Excise Tax” shall mean any Tax imposed upon Executive pursuant to Section 4999 of
the Code. 
 (vi) “Final Determination” shall mean any final determination of
liability that, under applicable law, is not subject to further appeal, review or modification through proceedings or otherwise, including but not limited to the expiration of a statute of limitations or a period for the filing of claims for
refunds, amended returns or appeals from adverse determinations. 
 (vii) “Gross-Up
Amount” shall mean the lesser of (i) $1,000,000 and (ii) the quotient equal to (A) the aggregate excise taxes which would be imposed on Executive under Section 4999 of the Code in connection with a Change in Control of
the Company, determined without regard to the provisions of this Section 16, divided by (B) one minus the highest marginal income and excise Tax rate applicable to Executive for the calendar year in which occurred the Change in Control,
determined as if all Contingent Payments were paid without regard to the provisions of this Section 16. 
 (viii) “Taxes” shall mean all federal, state and local income, employment and excise taxes (including Excise Taxes) imposed by any governmental authority. 
 Section 17. Effect of Agreement on Other Benefits. Except as specifically provided in this Agreement, the
existence of this Agreement shall not be interpreted to preclude, prohibit or restrict Executive’s participation in any other employee benefit or other plans or programs in which he currently participates. 
  

 22 

 Section 18. Assignability: Binding Nature; Solidary Obligations.
This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, heirs (in the case of Executive) and permitted assigns. No rights or obligations of the Company under this Agreement may be assigned or
transferred by the Company except that such rights or obligations may be assigned or transferred in connection with a Change of Control of the Company, provided that the assignee or transferee is the successor to all or substantially all of the
assets of the Company and such assignee or transferee assumes the liabilities, obligations and duties of the Company, as contained in this Agreement, either contractually or as a matter of law. The Company further agrees that, in the event of a
Change of Control, it shall take whatever action it legally can in order to cause such assignee or transferee to expressly assume the liabilities, obligations and duties of the Company hereunder. No rights or obligations of Executive under this
Agreement may be assigned or transferred by Executive other than his rights to compensation and benefits, which may be transferred only by will or operation of law, except as provided in Section 24 below. The obligations of the Company and
Holding hereunder shall be considered solidary. 
 Section 19. Representation. The Company
represents and warrants that it is fully authorized and empowered to enter into this Agreement and that the performance of its obligations under this Agreement will not violate any agreement between it and any other person, firm or organization.
Executive hereby represents to the Company that he is physically and mentally capable of performing his duties hereunder and he has no knowledge of any present or past physical or mental conditions which would cause him not to be able to perform his
duties hereunder. 
 Section 20. Entire Agreement. This Agreement contains the entire understanding
and agreement between the Parties concerning the subject matter hereof and, as of the Effective Date, supersedes the Original Agreement and any other agreements, understandings, discussions, negotiations and undertakings, whether written or oral,
between the Parties with respect thereto, including, without limitation any prior change in control agreement between the Parties. 
 Section 21. Amendment or Waiver. No provision in this Agreement may be amended unless such amendment is agreed to in writing and signed by Executive and an authorized officer of the Company.
Except as set forth herein, no delay or omission to exercise any right, power or remedy accruing to any Party shall impair any such right, power or remedy or shall be construed to be a waiver of or an acquiescence to any breach hereof. No waiver by
either Party of any breach by the other Party of any condition or provision contained in this Agreement to be performed by such other Party shall be deemed a waiver of a similar or dissimilar condition or provision at the same or any prior or
subsequent time. Any waiver must be in writing and signed by Executive or an authorized officer of the Company, as the case may be. 
 Section 22. Severability. In the event that any provision or portion of this Agreement shall be determined to be invalid or unenforceable for any reason, in whole or in part, the remaining
provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law. Specifically, but without limitation, the parties agree that if any court of competent jurisdiction finds that
any one or more of the words, phrases, 
  

 23 

 
sentences, clauses, sections, subdivisions, or subparagraphs contained in Sections 10, 11, or 12 is overly broad or unenforceable, then the Agreement should be reduced or amended to be
enforceable to the maximum extent allowable under applicable law. 
 Section 23. Survivorship. The
respective rights and obligations of the Parties hereunder shall survive any termination of Executive’s employment to the extent necessary to the intended preservation of such rights and obligations. 
 Section 24. Beneficiaries/References. Executive shall be entitled, to the extent permitted under any applicable
law, to select and change a beneficiary or beneficiaries to receive any compensation or benefit payable hereunder following Executive’s death by giving the Company written notice thereof. In the event of Executive’s death or a judicial
determination of his incompetence, reference in this Agreement to Executive shall be deemed, where appropriate, to refer to his beneficiary, estate or other legal representative. 
 Section 25. Governing Law/Jurisdiction. This Agreement shall be governed by and construed and interpreted in
accordance with the laws of Louisiana without reference to principles of conflict of laws. Subject to Section 14, the Company and Executive hereby consent to the jurisdiction of any or all of the following courts for purposes of resolving any
dispute under this Agreement: (i) the United States District Court for the Middle District of Louisiana or (ii) the Nineteenth Judicial District Court for the Parish of East Baton Rouge, State of Louisiana. The Company and Executive
further agree that any service of process or notice requirements in any such proceeding shall be satisfied if the rules of such court relating thereto have been substantially satisfied. The Company and Executive hereby waive, to the fullest extent
permitted by applicable law, any objection which it or he may now or hereafter have to such jurisdiction and any defense of inconvenient forum. 
 Section 26. Notices. Any notices given under this Agreement shall be in writing, and delivered or mailed, and if mailed, postage prepaid, certified, return receipt requested and addressed to
the Company and to the Employee at the addresses set forth below, or such other addresses as the Parties may from time to time hereafter designate in writing, such notices to be effective upon receipt by the Party to whom such notice is addressed:

  

			
	 If to the Company:
	  	AMEDISYS, INC.
		  	5959 South Sherwood Forest Boulevard,
		  	Baton Rouge, Louisiana, 70816
		  	Attention: Lead Director, Board of Directors
		
	 If to Holding
	  	AMEDISYS HOLDING, L.L.C.
		  	5959 South Sherwood Forest Boulevard,
		  	Baton Rouge, Louisiana, 70816
		  	Attention: President
		
	 If to Executive:
	  	William F. Borne
		  	[redacted]

  

 24 

 Section 27. Captions. The captions contained in this Agreement
are for convenience only and shall not be deemed to control or affect the meaning or construction of any provision of this Agreement. 
 Section 28. Counterparts. This Agreement may be executed in two or more counterparts. 
 Section 29. Section 409A Compliance. This Agreement is intended to comply with Section 409A of the Code (to the extent applicable) and, to the extent it would not adversely impact
the Company, the Company agrees to interpret, apply and administer this Agreement in the least restrictive manner necessary to comply with such requirements and without resulting in any diminution in the value of payments or benefits to Executive.

 [Signature Page Follows] 
  

 25 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first written above. 
  

			
	 AMEDISYS, INC.

		
	 By:
	 	 /S/ Ronald A. LaBorde

	 Name:
	 	 Ronald A. LaBorde

	 Title:
	 	 Board of Directors, Lead Director

	
	 AMEDISYS HOLDING, L.L.C.

		
	 By:
	 	 /S/ Dale E. Redman

	 Name:
	 	 Dale E. Redman

	 Title:
	 	 Vice President

	
	 EXECUTIVE

	
	 /S/ William F. Borne

	 William F. Borne

  

 26 

 ATTACHMENT 1 
 RELEASE 
 In exchange for certain
termination payments, benefits and promises to which William F. Borne (“Executive”) would not otherwise be entitled, Executive, knowingly and voluntarily releases Amedisys, Inc., its subsidiaries, affiliates or related corporations,
together with its/their officers, directors, agents, employees and representatives (collectively, the “Company”), of and from any and all claims, demands, obligations, liabilities and causes of action, of whatsoever kind in law or equity,
whether known or unknown, which Executive has or ever had against the Company on or before the date of the execution of this Release, including but not limited to claims in common law, whether in contract or in tort, and causes of action under the
Age Discrimination in Employment Act, 29 U.S.C. Sections 621 et seq., Title VII of the Civil Rights Act of 1964, 42 U.S.C. Sections 2000e et seq., the Employee Retirement Income Security Act, 29 U.S.C. Sections 1001 et seq., the Americans with
Disabilities Act, 29 U.S.C. Section 12101 et seq., and all other federal, state or local laws, ordinances or regulations, for any losses, injuries or damages (including compensatory or punitive damages), attorney’s fees and costs arising
out of employment or termination from employment with the Company. 
 Executive acknowledges that he has had a
period of twenty-one (21) days from the date of receipt of this Release to consider it. Executive acknowledges that he has been given the opportunity to consult an attorney prior to executing this Release. This Release shall not become
effective or enforceable until seven (7) days following its execution by Executive. Prior to the expiration of the seven-(7) day period, Executive may revoke Executive’s consent to this Release. 
 Executive acknowledges by executing this Release that Executive has returned to the Company all Company property in
Executive’s possession. 
 Executive acknowledges that the terms of this Release and Executive’s
separation of employment are confidential and, unless otherwise required by law or for the purposes of enforcing the Release or when needed to consult with Executive’s immediate family or tax or legal advisors, neither Executive nor
Executive’s agents shall divulge, publish or publicize any such confidential information to any third parties or the media, or to any current or former employee, customer or client of the Company or its businesses or any of its affiliates.

 EXECUTIVE ACKNOWELDGES HE FULLY UNDERSTANDS THE CONTENTS OF THIS RELEASE AND EXECUTES IT FREELY AND
VOLUNTARILY, WITHOUT DURESS, COERCION OR UNDUE INFLUENCE. 
  

			
		
	Signed:	 	 
		
	Date:	 	 

  

 ATTACHMENT ONE – Page 1 

 ATTACHMENT 2 
 Restricted Areas 
 The following counties, parishes, cities and/or
municipalities: 
  

							
	Alabama
	 Autauga
	  	Conecuh	  	Jackson	  	Perry
	 Baldwin
	  	Coosa	  	Jefferson	  	Pickens
	 Barbour
	  	Covington	  	Lamar	  	Pike
	 Bibb
	  	Crenshaw	  	Lauderdale	  	Randolph
	 Blount
	  	Cullman	  	Lawrence	  	Russell
	 Bullock
	  	Dale	  	Lee	  	Shelby
	 Butler
	  	Dallas	  	Limestone	  	St Clair
	 Calhoun
	  	De Kalb	  	Lowndes	  	Sumter
	 Chambers
	  	Elmore	  	Macon	  	Talladega
	 Cherokee
	  	Escambia	  	Madison	  	Tallapoosa
	 Chilton
	  	Etowah	  	Marengo	  	Tuscaloosa
	 Choctaw
	  	Fayette	  	Marion	  	Walker
	 Clarke
	  	Geneva	  	Marshall	  	Washington
	 Clay
	  	Greene	  	Mobile	  	Wilcox
	 Cleburne
	  	Hale	  	Monroe	  	Winston
	 Coffee
	  	Henry	  	Montgomery	  	
	 Colbert
	  	Houston	  	Morgan	  	
	
	Alaska
	 Anchorage
	  	Matanuska-Susitna	  		  	
	
	Arizona
	 Coconino
	  	Maricopa	  	Pima	  	Yavapai
	 Gila
	  	Navajo	  	Pinal	  	Yuma
	
	Arkansas
	 Baxter
	  	Independence	  	Lonoke	  	Sharp
	 Cleburne
	  	Izard	  	Marion	  	Stone
	 Crawford
	  	Jackson	  	Prairie	  	Van Buren
	 Faulkner
	  	Johnson	  	Randolph	  	Washington
	 Fulton
	  	Logan	  	Sebastian	  	Woodruff
	
	California
	 Alameda
	  	Orange	  	San Diego	  	Sutter
	 Contra Costa
	  	Placer	  	San Francisco	  	Yolo
	 El Dorado
	  	Riverside	  	San Mateo	  	Yuba
	 Los Angeles
	  	Sacramento	  	Santa Clara	  	Sutter
	 Marin
	  	San Bernardino	  	Santa Cruz	  	Yolo

  

 ATTACHMENT TWO – Page 1 

							
	Colorado
	 Adams
	  	Chaffee	  	Elbert	  	Larimer
	 Arapahoe
	  	Denver	  	Fremont	  	Saguache
	 Boulder
	  	Douglas	  	Jefferson	  	Weld
	 Broomfield
	  	El Paso	  	Lake	  	
	
	Connecticut
	 Fairfield
	  	Litchfield	  	New Haven	  	Tolland
	 Hartford
	  	Middlesex	  	New London	  	Windham
	
	Delaware
	 Kent
	  	New Castle	  	Sussex	  	
	
	District of Columbia
	 Washington, D.C.
	  		  		  	
	
	Florida
	 Alachua
	  	Franklin	  	Lee	  	Polk
	 Baker
	  	Gadsden	  	Leon	  	Putnam
	 Bay
	  	Gilchrist	  	Levy	  	St Johns
	 Bradford
	  	Glades	  	Liberty	  	St Lucie
	 Brevard
	  	Gulf	  	Madison	  	Santa Rosa
	 Broward
	  	Hamilton	  	Manatee	  	Sarasota
	 Calhoun
	  	Hardee	  	Marion	  	Seminole
	 Charlotte
	  	Hendry	  	Martin	  	Sumter
	 Citrus
	  	Hernando	  	Miami-Dade	  	Suwannee
	 Clay
	  	Highlands	  	Nassau	  	Taylor
	 Collier
	  	Hillsborough	  	Okaloosa	  	Union
	 Columbia
	  	Holmes	  	Okeechobee	  	Volusia
	 De Soto
	  	Indian River	  	Orange	  	Wakulla
	 Dixie
	  	Jackson	  	Osceola	  	Walton
	 Duval
	  	Jefferson	  	Palm Beach	  	Washington
	 Escambia
	  	Lafayette	  	Pasco	  	
	 Flagler
	  	Lake	  	Pinellas	  	

  

 ATTACHMENT TWO – Page 2 

							
	
	Georgia
	 Appling
	  	Coweta	  	Jeff Davis	  	Rabun
	 Atkinson
	  	Crawford	  	Jones	  	Randolph
	 Bacon
	  	Dade	  	Lamar	  	Richmond
	 Baldwin
	  	Dawson	  	Laurens	  	Rockdale
	 Banks
	  	Dekalb	  	Liberty	  	Schley
	 Barrow
	  	Douglas	  	Long	  	Spalding
	 Bartow
	  	Effingham	  	Lowndes	  	Stephens
	 Ben Hill
	  	Elbert	  	Lumpkin	  	Stewart
	 Bibb
	  	Emanuel	  	Macon	  	Sumter
	 Brantley
	  	Evans	  	Madison	  	Talbot
	 Bryan
	  	Fannin	  	Marion	  	Tattnall
	 Butts
	  	Fayette	  	Meriwether	  	Taylor
	 Candler
	  	Floyd	  	Monroe	  	Tift
	 Carroll
	  	Forsyth	  	Montgomery	  	Toombs
	 Catoosa
	  	Franklin	  	Morgan	  	Towns
	 Charlton
	  	Fulton	  	Murray	  	Treutlen
	 Chatham
	  	Gilmer	  	Muscogee	  	Troup
	 Chattahoochee
	  	Gordon	  	Newton	  	Turner
	 Chattooga
	  	Greene	  	Oconee	  	Union
	 Cherokee
	  	Gwinnett	  	Oglethorpe	  	Upson
	 Clarke
	  	Habersham	  	Paulding	  	Walker
	 Clay
	  	Hall	  	Pickens	  	Walton
	 Clayton
	  	Harris	  	Pierce	  	Ware
	 Clinch
	  	Hart	  	Pike	  	Wheeler
	 Cobb
	  	Heard	  	Polk	  	White
	 Coffee
	  	Henry	  	Pulaski	  	Whitfield
	 Colquitt
	  	Jackson	  	Putnam	  	Wilkinson
	 Columbia
	  	Jasper	  	Quitman	  	Worth
	
	Idaho
	 Ada
	  	Boise	  	Owyhee	  	Washington
	 Bannock
	  	Canyon	  	Payette	  	
	 Bingham
	  	Gem	  	Power	  	
	
	Illinois
	 Boone
	  	Gallatin	  	Lake	  	Saline
	 Carroll
	  	Grundy	  	Lawrence	  	Stephenson
	 Clay
	  	Hardin	  	Lee	  	Wabash
	 Clinton
	  	Iroquois	  	Livingston	  	Washington
	 Cook
	  	Jasper	  	Madison	  	Wayne
	 Crawford
	  	Jo Daviess	  	McHenry	  	White
	 De Kalb
	  	Kane	  	Monroe	  	Will
	 Du Page
	  	Kankakee	  	Ogle	  	Winnebago
	 Edwards
	  	Kendall	  	Richland	  	
	 Ford
	  	La Salle	  	St Clair	  	

  

 ATTACHMENT TWO – Page 3 

							
	Indiana
	 Adams
	  	Gibson	  	La Porte	  	Randolph
	 Allen
	  	Grant	  	Lawrence	  	St Joseph
	 Bartholomew
	  	Greene	  	Madison	  	Scott
	 Benton
	  	Hamilton	  	Marion	  	Shelby
	 Blackford
	  	Hancock	  	Marshall	  	Spencer
	 Boone
	  	Harrison	  	Martin	  	Starke
	 Brown
	  	Hendricks	  	Monroe	  	Steuben
	 Carroll
	  	Henry	  	Montgomery	  	Sullivan
	 Clark
	  	Howard	  	Morgan	  	Tippecanoe
	 Clay
	  	Huntington	  	Newton	  	Tipton
	 Clinton
	  	Jackson	  	Noble	  	Vanderburgh
	 Crawford
	  	Jasper	  	Orange	  	Vigo
	 Daviess
	  	Jay	  	Owen	  	Wabash
	 De Kalb
	  	Jefferson	  	Parke	  	Warren
	 Delaware
	  	Jennings	  	Perry	  	Warrick
	 Dubois
	  	Johnson	  	Pike	  	Washington
	 Elkhart
	  	Knox	  	Porter	  	Wayne
	 Floyd
	  	Kosciusko	  	Posey	  	Wells
	 Fountain
	  	Lagrange	  	Pulaski	  	White
	 Fulton
	  	Lake	  	Putnam	  	Whitley
	
	Kansas
	 Butler
	  	Elk	  	Kingman	  	Ottawa
	 Chase
	  	Ellsworth	  	Leavenworth	  	Reno
	 Clay
	  	Franklin	  	Lincoln	  	Rice
	 Cloud
	  	Greenwood	  	Marion	  	Saline
	 Cowley
	  	Harvey	  	McPherson	  	Sedgwick
	 Dickinson
	  	Jefferson	  	Miami	  	Sumner
	 Douglas
	  	Johnson	  	Mitchell	  	Wyandotte
	
	Kentucky
	 Adair
	  	Clark	  	Henry	  	Nicholas
	 Allen
	  	Clinton	  	Jefferson	  	Oldham
	 Anderson
	  	Cumberland	  	Jessamine	  	Owen
	 Barren
	  	Daviess	  	Kenton	  	Pendleton
	 Bath
	  	Estill	  	Laurel	  	Powell
	 Bell
	  	Fayette	  	Lincoln	  	Pulaski
	 Boone
	  	Franklin	  	Logan	  	Scott
	 Bourbon
	  	Garrard	  	Madison	  	Shelby
	 Boyd
	  	Grayson	  	Meade	  	Simpson
	 Boyle
	  	Green	  	Menifee	  	Spencer
	 Breckinridge
	  	Greenup	  	Mercer	  	Taylor
	 Bullitt
	  	Hardin	  	Monroe	  	Trimble
	 Campbell
	  	Harrison	  	Montgomery	  	Warren
	 Casey
	  	Hart	  	Henry	  	Whitley

  

 ATTACHMENT TWO – Page 4 

							
	Louisiana
	 Acadia
	  	Evangeline	  	Morehouse	  	St Martin
	 Allen
	  	Franklin	  	Natchitoches	  	St Mary
	 Ascension
	  	Grant	  	Orleans	  	St Tammany
	 Assumption
	  	Iberia	  	Ouachita	  	Tangipahoa
	 Avoyelles
	  	Iberville	  	Plaquemines	  	Tensas
	 Beauregard
	  	Jackson	  	Pointe Coupee	  	Terrebonne
	 Bienville
	  	Jefferson	  	Rapides	  	Union
	 Caldwell
	  	Jefferson Davis	  	Richland	  	Vermilion
	 Catahoula
	  	Lafayette	  	St Bernard	  	Vernon
	 Claiborne
	  	Lafourche	  	St Charles	  	Washington
	 Concordia
	  	La Salle	  	St Helena	  	W Baton Rouge
	 E Baton Rouge
	  	Lincoln	  	St James	  	W Carroll
	 E Carroll
	  	Livingston	  	St John The Baptist	  	W Feliciana
	 E Feliciana
	  	Madison	  	St Landry	  	Winn
	
	Maine
	 Cumberland
	  	York	  		  	
	
	Maryland
	 Anne Arundel
	  	Cecil	  	Montgomery	  	Worcester
	 Baltimore
	  	Dorchester	  	Prince Georges	  	
	 Baltimore City
	  	Harford	  	Somerset	  	
	 Carroll
	  	Howard	  	Wicomico	  	
	
	Massachusetts
	 Berkshire
	  	Franklin	  	Middlesex	  	Suffolk
	 Bristol
	  	Hampden	  	Norfolk	  	Worcester
	 Essex
	  	Hampshire	  	Plymouth	  	
	
	Michigan
	 Arenac
	  	Gratiot	  	Livingston	  	St Clair
	 Bay
	  	Ingham	  	Macomb	  	Shiawassee
	 Clare
	  	Ionia	  	Midland	  	Tuscola
	 Clinton
	  	Isabella	  	Monroe	  	Washtenaw
	 Eaton
	  	Jackson	  	Montcalm	  	Wayne
	 Genesee
	  	Lapeer	  	Oakland	  	St Clair
	 Gladwin
	  	Lenawee	  	Saginaw	  	Shiawassee
	
	Minnesota
	 Anoka
	  	Goodhue	  	Mower	  	Sibley
	 Carver
	  	Hennepin	  	Olmsted	  	Wabasha
	 Dakota
	  	Houston	  	Ramsey	  	Washington
	 Dodge
	  	Le Sueur	  	Rice	  	Winona
	 Fillmore
	  	McLeod	  	Sherburne	  	Wright

  

 ATTACHMENT TWO – Page 5 

							
	Mississippi
	 Alcorn
	  	Hinds	  	Lee	  	Sharkey
	 Benton
	  	Issaquena	  	Lowndes	  	Simpson
	 Calhoun
	  	Itawamba	  	Marion	  	Smith
	 Chickasaw
	  	Jackson	  	Marshall	  	Stone
	 Claiborne
	  	Jasper	  	Monroe	  	Tippah
	 Clarke
	  	Jefferson	  	Neshoba	  	Tishomingo
	 Clay
	  	Jefferson Davis	  	Newton	  	Union
	 Copiah
	  	Jones	  	Oktibbeha	  	Walthall
	 Covington
	  	Kemper	  	Pearl River	  	Warren
	 Forrest
	  	Lafayette	  	Perry	  	Wayne
	 George
	  	Lamar	  	Pontotoc	  	Yazoo
	 Hancock
	  	Lauderdale	  	Prentiss	  	
	 Harrison
	  	Lawrence	  	Scott	  	
	
	Missouri
	 Barry
	  	Dunklin	  	McDonald	  	St Louis City
	 Barton
	  	Franklin	  	New Madrid	  	Ste Genevieve
	 Bollinger
	  	Greene	  	Newton	  	Stoddard
	 Butler
	  	Henry	  	Ozark	  	Stone
	 Camden
	  	Hickory	  	Pike	  	Taney
	 Carter
	  	Iron	  	Polk	  	Vernon
	 Cedar
	  	Jasper	  	Reynolds	  	Warren
	 Christian
	  	Jefferson	  	Ripley	  	Washington
	 Crawford
	  	Laclede	  	St Charles	  	Wayne
	 Dade
	  	Lawrence	  	St Clair	  	Webster
	 Dallas
	  	Lincoln	  	St Francois	  	
	 Douglas
	  	Madison	  	St Louis	  	
	
	New Hampshire
	 Belknap
	  	Hillsboro	  	Rockingham	  	Strafford
	 Carroll
	  	Merrimack	  		  	
	
	New Mexico
	 Bernalillo
	  	McKinley	  	Santa Fe	  	Valencia
	 Cibola
	  	Sandoval	  	Torrance	  	
	
	New York
	 Allegany
	  	Erie	  	Orleans	  	Wyoming
	 Cattaraugus
	  	Nassau	  	Queens	  	
	 Chautauqua
	  	Niagara	  	Suffolk	  	

  

 ATTACHMENT TWO – Page 6 

							
	North Carolina
	 Alamance
	  	Durham	  	Johnston	  	Rockingham
	 Cabarrus
	  	Forsyth	  	Lee	  	Rowan
	 Caswell
	  	Franklin	  	Lincoln	  	Sampson
	 Catawba
	  	Gaston	  	Mecklenburg	  	Stokes
	 Chatham
	  	Granville	  	Moore	  	Surry
	 Cleveland
	  	Guilford	  	Orange	  	Vance
	 Cumberland
	  	Harnett	  	Person	  	Wake
	 Davidson
	  	Hoke	  	Randolph	  	Warren
	 Davie
	  	Iredell	  	Robeson	  	Yadkin
	
	Ohio
	 Allen
	  	Fulton	  	Madison	  	Ross
	 Ashtabula
	  	Geauga	  	Mahoning	  	Sandusky
	 Athens
	  	Greene	  	Marion	  	Seneca
	 Belmont
	  	Hamilton	  	Medina	  	Shelby
	 Butler
	  	Hancock	  	Miami	  	Stark
	 Champaign
	  	Hardin	  	Monroe	  	Summit
	 Clark
	  	Harrison	  	Montgomery	  	Trumbull
	 Clermont
	  	Henry	  	Morgan	  	Warren
	 Clinton
	  	Huron	  	Noble	  	Washington
	 Cuyahoga
	  	Jefferson	  	Ottawa	  	Wayne
	 Darke
	  	Lake	  	Pickaway	  	Wood
	 Erie
	  	Logan	  	Portage	  	Wyandot
	 Fayette
	  	Lorain	  	Preble	  	
	 Franklin
	  	Lucas	  	Putnam	  	
	
	Oklahoma
	 Adair
	  	Delaware	  	Logan	  	Pawnee
	 Alfalfa
	  	Garfield	  	Love	  	Payne
	 Atoka
	  	Garvin	  	Major	  	Pittsburg
	 Blaine
	  	Grady	  	Marshall	  	Pontotoc
	 Bryan
	  	Grant	  	Mayes	  	Pottawatomie
	 Caddo
	  	Greer	  	McClain	  	Pushmataha
	 Canadian
	  	Haskell	  	McCurtain	  	Rogers
	 Carter
	  	Hughes	  	McIntosh	  	Seminole
	 Cherokee
	  	Jackson	  	Murray	  	Sequoyah
	 Choctaw
	  	Jefferson	  	Muskogee	  	Stephens
	 Cleveland
	  	Johnston	  	Noble	  	Tillman
	 Coal
	  	Kay	  	Nowata	  	Tulsa
	 Comanche
	  	Kingfisher	  	Okfuskee	  	Wagoner
	 Cotton
	  	Kiowa	  	Oklahoma	  	Washington
	 Craig
	  	Latimer	  	Okmulgee	  	Washita
	 Creek
	  	Le Flore	  	Osage	  	Woods
	 Custer
	  	Lincoln	  	Ottawa	  	Woodward

  

 ATTACHMENT TWO – Page 7 

							
	Oregon
	 Clackamas
	  	Douglas	  	Multnomah	  	Washington
	 Columbia
	  	Marion	  	Polk	  	Yamhill
	
	Pennsylvania
	 Adams
	  	Columbia	  	Lancaster	  	Pike
	 Allegheny
	  	Crawford	  	Lawrence	  	Schuylkill
	 Armstrong
	  	Cumberland	  	Lebanon	  	Somerset
	 Beaver
	  	Dauphin	  	Lehigh	  	Susquehanna
	 Bedford
	  	Delaware	  	Luzerne	  	Venango
	 Berks
	  	Fayette	  	Mercer	  	Washington
	 Bucks
	  	Franklin	  	Monroe	  	Wayne
	 Butler
	  	Fulton	  	Montgomery	  	Westmoreland
	 Carbon
	  	Greene	  	Northampton	  	Wyoming
	 Chester
	  	Huntingdon	  	Perry	  	York
	 Clarion
	  	Lackawanna	  	Philadelphia	  	
	
	Puerto Rico
	 Canovanas
	  	Culebra	  	Loiza	  	San Juan
	 Carolina
	  	Fajardo	  	Luquillo	  	Trujillo Alto
	 Ceiba
	  	Guaynabo	  	Rio Grande	  	Vieques
	
	Rhode Island
	 Bristol
	  	Newport	  	Providence	  	Washington
	 Kent
	  		  		  	
	
	South Carolina
	 Abbeville
	  	Chesterfield	  	Hampton	  	Oconee
	 Aiken
	  	Clarendon	  	Horry	  	Orangeburg
	 Allendale
	  	Colleton	  	Jasper	  	Pickens
	 Anderson
	  	Darlington	  	Kershaw	  	Richland
	 Bamberg
	  	Dillon	  	Lancaster	  	Saluda
	 Barnwell
	  	Dorchester	  	Laurens	  	Spartanburg
	 Beaufort
	  	Edgefield	  	Lee	  	Sumter
	 Berkeley
	  	Fairfield	  	Lexington	  	Union
	 Calhoun
	  	Florence	  	Marion	  	Williamsburg
	 Charleston
	  	Georgetown	  	Marlboro	  	York
	 Cherokee
	  	Greenville	  	McCormick	  	
	 Chester
	  	Greenwood	  	Newberry	  	

  

 ATTACHMENT TWO – Page 8 

							
	Tennessee
	 Anderson
	  	Fayette	  	Knox	  	Rhea
	 Bedford
	  	Fentress	  	Lauderdale	  	Roane
	 Benton
	  	Franklin	  	Lawrence	  	Robertson
	 Bledsoe
	  	Gibson	  	Lewis	  	Rutherford
	 Blount
	  	Giles	  	Lincoln	  	Scott
	 Bradley
	  	Grainger	  	Loudon	  	Sequatchie
	 Campbell
	  	Greene	  	Macon	  	Sevier
	 Cannon
	  	Grundy	  	Madison	  	Shelby
	 Carroll
	  	Hamblen	  	Marion	  	Smith
	 Carter
	  	Hamilton	  	Marshall	  	Stewart
	 Cheatham
	  	Hancock	  	Maury	  	Sullivan
	 Chester
	  	Hardeman	  	McMinn	  	Sumner
	 Claiborne
	  	Hardin	  	McNairy	  	Tipton
	 Clay
	  	Hawkins	  	Meigs	  	Trousdale
	 Cocke
	  	Haywood	  	Monroe	  	Unicoi
	 Coffee
	  	Henderson	  	Montgomery	  	Union
	 Crockett
	  	Henry	  	Moore	  	Van Buren
	 Cumberland
	  	Hickman	  	Morgan	  	Warren
	 Davidson
	  	Houston	  	Obion	  	Washington
	 Dekalb
	  	Humphreys	  	Overton	  	Weakley
	 Decatur
	  	Jackson	  	Pickett	  	White
	 Dickson
	  	Jefferson	  	Polk	  	Williamson
	 Dyer
	  	Johnson	  	Putnam	  	Wilson

  

 ATTACHMENT TWO – Page 9 

							
	Texas
	 Aransas
	  	Denton	  	Jim Wells	  	Orange
	 Atascosa
	  	Duval	  	Johnson	  	Parker
	 Austin
	  	Ellis	  	Karnes	  	Polk
	 Bandera
	  	Falls	  	Kaufman	  	Rains
	 Bastrop
	  	Fannin	  	Kendall	  	Refugio
	 Bee
	  	Fayette	  	Kenedy	  	Rockwall
	 Bell
	  	Ft Bend	  	Kleberg	  	San Jacinto
	 Bexar
	  	Galveston	  	La Salle	  	San Patricio
	 Blanco
	  	Goliad	  	Lampasas	  	Somervell
	 Bosque
	  	Gonzales	  	Lavaca	  	Tarrant
	 Brazoria
	  	Grayson	  	Lee	  	Travis
	 Brazos
	  	Grimes	  	Leon	  	Trinity
	 Brooks
	  	Guadalupe	  	Liberty	  	Tyler
	 Burleson
	  	Hardin	  	Limestone	  	Van Zandt
	 Burnet
	  	Harris	  	Live Oak	  	Victoria
	 Caldwell
	  	Hays	  	Llano	  	Walker
	 Calhoun
	  	Henderson	  	Madison	  	Waller
	 Chambers
	  	Hill	  	McLennan	  	Washington
	 Collin
	  	Hood	  	McMullen	  	Webb
	 Colorado
	  	Houston	  	Medina	  	Wharton
	 Comal
	  	Hunt	  	Milam	  	Williamson
	 Cooke
	  	Jackson	  	Montague	  	Wilson
	 Coryell
	  	Jasper	  	Montgomery	  	Wise
	 Dallas
	  	Jefferson	  	Newton	  	
	 De Witt
	  	Jim Hogg	  	Nueces	  	

  

 ATTACHMENT TWO – Page 10 

							
	Virginia
	 Albemarle
	  	Dinwiddie	  	Lancaster	  	Prince George
	 Alexandria
	  	Essex	  	Lee	  	Prince William
	 Alleghany
	  	Fairfax	  	Leesburg City	  	Pulaski
	 Amelia
	  	Fairfax City	  	Lexington	  	Radford
	 Amherst
	  	Falls Church	  	Loudoun	  	Richmond
	 Appomattox
	  	Fauquier	  	Louisa	  	Richmond City
	 Arlington
	  	Floyd	  	Lunenburg	  	Roanoke
	 Augusta
	  	Fluvanna	  	Lynchburg	  	Rockbridge
	 Bedford
	  	Franklin	  	Madison	  	Rockingham
	 Bedford City
	  	Franklin City	  	Manassas	  	Russell
	 Bland
	  	Frederick	  	Manassas Park	  	Salem
	 Botetourt
	  	Fredericksburg	  	Martinsville	  	Scott
	 Brunswick
	  	Galax	  	Mathews	  	Shenandoah
	 Buchanan
	  	Giles	  	Mecklenburg	  	Smyth
	 Buckingham
	  	Gloucester	  	Middlesex	  	Southampton
	 Buena Vista
	  	Goochland	  	Montgomery	  	Spotsylvania
	 Campbell
	  	Grayson	  	Nelson	  	Stafford
	 Caroline
	  	Greene	  	New Kent	  	Staunton
	 Carroll
	  	Greensville	  	Newport News	  	Suffolk
	 Charles City
	  	Halifax	  	Norfolk	  	Surry
	 Charlotte
	  	Hampton	  	Northampton	  	Sussex
	 Charlottesville
	  	Hanover	  	Northumberland	  	Tazewell
	 Chesapeake
	  	Harrisonburg	  	Nottoway	  	Virginia Beach
	 Chesterfield
	  	Henrico	  	Orange	  	Washington
	 Clarke
	  	Henry	  	Page	  	Waynesboro
	 Colonial Heights
	  	Highland	  	Patrick	  	Westmoreland
	 Covington
	  	Hopewell	  	Petersburg	  	Williamsburg
	 Craig
	  	Isle Of Wight	  	Pittsylvania	  	Winchester
	 Culpeper
	  	James City	  	Poquoson	  	Wise
	 Cumberland
	  	King And Queen	  	Portsmouth	  	Wythe
	 Danville
	  	King George	  	Powhatan	  	York
	 Dickenson
	  	King William	  	Prince Edward	  	
	
	Washington
	 Benton
	  	Ferry	  	Grant	  	Okanogan
	 Douglas
	  		  		  	

  

 ATTACHMENT TWO – Page 11 

							
	West Virginia
	 Barbour
	  	Harrison	  	Mingo	  	Summers
	 Boone
	  	Jackson	  	Monongalia	  	Taylor
	 Brooke
	  	Kanawha	  	Monroe	  	Tucker
	 Cabell
	  	Lewis	  	Nicholas	  	Tyler
	 Calhoun
	  	Lincoln	  	Ohio	  	Upshur
	 Clay
	  	Logan	  	Pleasants	  	Wetzel
	 Doddridge
	  	Marion	  	Preston	  	Wirt
	 Fayette
	  	Marshall	  	Putnam	  	Wood
	 Gilmer
	  	Mason	  	Raleigh	  	Wyoming
	 Grant
	  	McDowell	  	Ritchie	  	
	 Greenbrier
	  	Mercer	  	Roane	  	
	
	Wyoming
	 Converse
	  	Natrona	  	Niobrara	  	Platte
	 Fremont
	  		  		  	

  

 ATTACHMENT TWO – Page 12

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