Document:

Exhibit 10.1

                            EQUITY PURCHASE AGREEMENT

                                 BY AND BETWEEN

                                  STEVIA CORP.

                                       AND

                           SOUTHRIDGE PARTNERS II, LP

                                      Dated

                                January 26, 2012

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     THIS EQUITY PURCHASE  AGREEMENT entered into as of the 26th day of January,
2012 (this  "AGREEMENT"),  by and between  SOUTHRIDGE  PARTNERS II, LP, Delaware
limited  partnership  ("INVESTOR"),  and STEVIA CORP., a Nevada corporation (the
"COMPANY").

     WHEREAS,  the  parties  desire  that,  upon the  terms and  subject  to the
conditions contained herein, the Company shall issue and sell to Investor,  from
time to time as provided  herein,  and  Investor  shall  purchase,  up to Twenty
Million Dollars ($20,000,000) of its Common Stock (as defined below); and

     NOW, THEREFORE, the parties hereto agree as follows:

                                    ARTICLE I
                               CERTAIN DEFINITIONS

     Section 1.1 DEFINED TERMS as used in this  Agreement,  the following  terms
shall have the following  meanings  specified or indicated  (such meanings to be
equally applicable to both the singular and plural forms of the terms defined)

     "AGREEMENT" shall have the meaning specified in the preamble hereof.

     "BY-LAWS" shall have the meaning specified in Section 4.8.

     "CERTIFICATE" shall have the meaning specified in Section 4.8.

     "CLAIM NOTICE" shall have the meaning specified in Section 9.3(a).

     "CLEARING  DATE"  shall be the date in which the  Estimated  Put Shares (as
defined in Section  2.2(a)) have been deposited  into the  Investor's  brokerage
account and  Investor's  broker has  confirmed  with  Investor that Investor may
execute trades of such Estimated Put Shares.

     "CLOSING"  shall mean one of the  closings of a purchase and sale of shares
of Common Stock pursuant to Section 2.3.

     "CLOSING  CERTIFICATE" shall mean the closing certificate of the Company in
the form of Exhibit B hereto.

     "CLOSING  PRICE" shall mean the closing bid price for the Company's  Common
Stock on the Principal Market on a Trading Day as reported by Bloomberg  Finance
L.P.

     "COMMITMENT PERIOD" shall mean the period commencing on the Effective Date,
and ending on the earlier of (i) the date on which Investor shall have purchased
Put Shares  pursuant to this  Agreement for an aggregate  Purchase  Price of the
Maximum  Commitment  Amount,  or (ii) the date occurring  thirty six (36) months
from the date of commencement of the Commitment Period.

     "COMMON STOCK" shall mean the Company's common stock,  $0.001 par value per
share,  and any  shares  of any  other  class of  common  stock  whether  now or
hereafter  authorized,  having the right to participate in the  distribution  of
dividends (as and when declared) and assets (upon liquidation of the Company).

     "COMMON STOCK  EQUIVALENTS"  shall mean any securities that are convertible
into or  exchangeable  for  Common  Stock  or any  options  or other  rights  to
subscribe for or purchase  Common Stock or any such  convertible or exchangeable
securities.

     "COMPANY"  shall  have  the  meaning  specified  in the  preamble  to  this
Agreement.

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     "CONDITION  SATISFACTION  DATE" shall have the meaning specified in Section
7.2.

     "DAMAGES" shall mean any loss, claim, damage,  liability,  cost and expense
(including, without limitation, reasonable attorneys' fees and disbursements and
costs and expenses of expert witnesses and investigation).

     "DISPUTE PERIOD" shall have the meaning specified in Section 9.3(a).

     "DOLLAR VOLUME" shall mean the product of (a) the Closing Price  multiplied
by (b) the trading volume on the Principal Market on a Trading Day.

     "DTC" shall have the meaning specified in Section 2.3.

     "DWAC" shall have the meaning specified in Section 2.3.

     "EFFECTIVE DATE" shall mean the Subscription Date.

     "ESTIMATED PUT SHARES" shall have the meaning specified in Section 2.2(a)

     "EXCHANGE ACT" shall mean the Securities Exchange Act of 1934 and the rules
and regulations promulgated thereunder.

     "FAST" shall have the meaning specified in Section 2.3.

     "FINRA" shall mean the Financial Industry Regulatory Authority, Inc.

     "FLOOR PRICE" shall have the meaning specified in Section 2.1(c).

     "INDEMNIFIED PARTY" shall have the meaning specified in Section 9.3(a).

     "INDEMNIFYING PARTY" shall have the meaning specified in Section 9.3(a).

     "INDEMNITY NOTICE" shall have the meaning specified in Section 9.3(b).

     "INVESTMENT AMOUNT" shall mean the dollar amount to be invested by Investor
to  purchase  Put Shares  with  respect to any Put as notified by the Company to
Investor in accordance with Section 2.2.

     "INVESTOR"  shall  have  the  meaning  specified  in the  preamble  to this
Agreement.

     "LEGEND" shall have the meaning specified in Section 8.1.

     "MARKET  PRICE" shall mean the lowest  Closing  Price during the  Valuation
Period.

     "MATERIAL   ADVERSE   EFFECT"  shall  mean  any  effect  on  the  business,
operations,  properties,  or financial condition of the Company that is material
and adverse to the Company and/or any condition, circumstance, or situation that
would prohibit or otherwise materially interfere with the ability of the Company
to enter into and perform its obligations under any of this Agreement.

     "MAXIMUM   COMMITMENT   AMOUNT"   shall   mean   Twenty   Million   Dollars
($20,000,000).

     "MAXIMUM  PUT AMOUNT"  shall mean the lesser of (i) Five  Hundred  Thousand
Dollars  ($500,000),  or (ii) Five Hundred  percent (500%) of the average of the
Dollar Volume for the ten (10) Trading Days immediately preceding the Put Date.

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     "NEW PRICE" shall have the meaning specified in Section 2.6.

     "OLD PRICE" shall have the meaning specified in Section 2.6.

     "PAR VALUE PAYMENT" shall have the meaning specified in Section 2.2(a)

     "PERSON"  shall  mean an  individual,  a  corporation,  a  partnership,  an
association, a trust or other entity or organization,  including a government or
political subdivision or an agency or instrumentality thereof.

     "PRINCIPAL  MARKET" shall mean any of the national  exchanges  (i.e.  NYSE,
NYSE AMEX, Nasdaq), the OTC Bulletin Board, or other principal exchange which is
at the time the principal trading exchange or market for the Common Stock.

     "PURCHASE  PRICE"  shall mean 93% of the Market Price on such date on which
the Purchase Price is calculated in accordance  with the terms and conditions of
this Agreement.

     "PUT"  shall  mean the right of the  Company  to require  the  Investor  to
purchase  shares of Common  Stock,  subject to the terms and  conditions of this
Agreement.

     "PUT DATE" shall mean any Trading Day during the  Commitment  Period that a
Put Notice is deemed delivered pursuant to Section 2.2(b).

     "PUT  NOTICE"  shall mean a written  notice,  substantially  in the form of
Exhibit A hereto,  to Investor setting forth the Investment  Amount with respect
to which the Company  intends to require  Investor to purchase  shares of Common
Stock pursuant to the terms of this Agreement.

     "PUT  SHARES"  shall mean all  shares of Common  Stock  issued or  issuable
pursuant to a Put that has been exercised or may be exercised in accordance with
the terms and conditions of this Agreement.

     "REGISTERED  SECURITIES"  shall  mean  the  (a)  Put  Shares,  and  (b) any
securities  issued or issuable  with  respect to any of the  foregoing by way of
exchange,  stock dividend or stock split or in connection  with a combination of
shares,  recapitalization,  merger,  consolidation  or other  reorganization  or
otherwise.  As  to  any  particular  Registered  Securities,  once  issued  such
securities  shall cease to be  Registrable  Securities  when (i) a  Registration
Statement has been declared effective by the SEC and such Registrable Securities
have  been  disposed  of  pursuant  to  a  Registration  Statement,   (ii)  such
Registrable Securities have been sold under circumstances under which all of the
applicable  conditions of Rule 144 are met, (iii) such time as such  Registrable
Securities have been otherwise  transferred to holders who may trade such shares
without  restriction  under the Securities Act or (iv) in the opinion of counsel
to the Company,  which counsel shall be reasonably acceptable to Investor,  such
Registrable Securities may be sold without registration under the Securities Act
or the need for an exemption from any such registration requirements and without
any time,  volume or  manner  limitations  pursuant  to Rule  144(b)(i)  (or any
similar provision then in effect) under the Securities Act.

     "REGISTRABLE   SECURITIES"   shall  have  the  meaning  set  forth  in  the
Registration Rights Agreement.

     "REGISTRATION   RIGHTS  AGREEMENT"  shall  mean  the  Registration   Rights
Agreement, dated as of the date hereof, between the Company and Investor.

     "REGISTRATION  STATEMENT" shall mean the Company's  effective  registration
statement  on file with the SEC,  and any follow up  registration  statement  or
amendment thereto.

     "REGULATION  D" shall mean  Regulation D promulgated  under the  Securities
Act.

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     "RULE  144"  shall mean Rule 144 under the  Securities  Act or any  similar
provision then in force under the Securities Act.

     "SEC" shall mean the Securities and Exchange Commission.

     "SECURITIES  ACT" shall have the meaning  specified in the recitals of this
Agreement.

     "SEC DOCUMENTS"  shall mean, as of a particular date, all reports and other
documents  filed  by the  Company  pursuant  to  Section  13(a)  or 15(d) of the
Exchange Act since the end of the  Company's  then most  recently  completed and
reported  fiscal year as of the time in question  (provided  that if the date in
question is within ninety days of the  beginning of the  Company's  fiscal year,
the term shall include all documents  filed since the beginning of the preceding
fiscal year).

     "SHORT  SALES"  shall  mean all  "short  sales" as  defined  in Rule 200 of
Regulation  SHO under the  Exchange  Act (but shall not be deemed to include the
location and/or reservation of borrowable shares of Common Stock).

     "SUBSCRIPTION DATE" shall mean the date on which this Agreement is executed
and delivered by the Company and Investor.

     "THIRD PARTY CLAIM" shall have the meaning specified in Section 9.3(a).

     "TRADING DAY" shall mean a day on which the Principal  Market shall be open
for business.

     "TRANSACTION  DOCUMENTS"  shall mean this  Agreement  and the  Registration
Rights Agreement.

     "TRANSFER AGENT" shall mean the transfer agent for the Common Stock (and to
any  substitute  or  replacement  transfer  agent for the Common  Stock upon the
Company's appointment of any such substitute or replacement transfer agent).

     "UNDERWRITER"  shall mean any underwriter  participating in any disposition
of the Registered  Securities on behalf of Investor pursuant to the Registration
Statement.

     "VALUATION  EVENT"  shall  mean an event in which the  Company  at any time
during a Valuation Period takes any of the following actions:

          (a) subdivides or combines the Common Stock;

          (b) pays a  dividend  in  shares  of  Common  Stock or makes any other
distribution  of shares of Common Stock,  except for dividends paid with respect
to any series of preferred stock authorized by the Company, whether existing now
or in the future;

          (c) issues any options or other  rights to  subscribe  for or purchase
shares of Common Stock other than  pursuant to this  Agreement and the price per
share for which  shares of Common Stock may at any time  thereafter  be issuable
pursuant to such options or other rights shall be less than the Closing Price in
effect immediately prior to such issuance;

          (d) issues any securities  convertible into or exchangeable for shares
of Common Stock and the consideration per share for which shares of Common Stock
may at any time thereafter be issuable pursuant to the terms of such convertible
or  exchangeable  securities  shall be less  than the  Closing  Price in  effect
immediately prior to such issuance;

          (e) issues  shares of Common Stock  otherwise  than as provided in the
foregoing  subsections  (a) through (d), at a price per share less, or for other
consideration  lower, than the Closing Price in effect immediately prior to such
issuance, or without consideration; or

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          (f) makes a distribution of its assets or evidences of indebtedness to
the holders of Common Stock as a dividend in  liquidation or by way of return of
capital or other than as a dividend  payable out of earnings or surplus  legally
available for dividends under applicable law or any distribution to such holders
made in respect of the sale of all or substantially  all of the Company's assets
(other than under the  circumstances  provided for in the foregoing  subsections
(a) through (e).

     "VALUATION  PERIOD"  shall  mean  the  period  of  five  (5)  Trading  Days
immediately  following  the Clearing Date  associated  with the  applicable  Put
Notice during which the Purchase Price of the Common Stock is valued;  provided,
however,  that if a Valuation  Event occurs during any Valuation  Period,  a new
Valuation Period shall begin on the Trading Day immediately after the occurrence
of such  Valuation  Event and end on the fifth  (5th)  Trading  Day  thereafter.
Investor  shall notify the Company in writing of the  occurrence of the Clearing
Date  associated with a Put Notice.  The Valuation  Period shall begin the first
Trading Day following such written notice from Investor.

                                   ARTICLE II
                        PURCHASE AND SALE OF COMMON STOCK

     Section 2.1 INVESTMENTS.

          (a) PUTS.  Upon the terms and conditions set forth herein  (including,
without limitation,  the provisions of Article VII), on any Put Date the Company
may  exercise a Put by the  delivery of a Put  Notice.  The number of Put Shares
that  Investor  shall  purchase  pursuant  to such Put  shall be  determined  by
dividing the Investment Amount specified in the Put Notice by the Purchase Price
with respect to such Put Notice.

          (b) RESTRICTED  COMMON STOCK. As a condition for the execution of this
Agreement by the Investor, the Company shall issue to the Investor 35,000 shares
of restricted  common stock (the  "Restricted  Shares") upon the signing of this
Agreement. The Restricted Shares shall have no registration rights.

          (c) FLOOR PRICE.  In the event that,  during a Valuation  Period,  the
Closing Price on any Trading Day falls more than twenty  percent (20%) below the
average  of  closing  trade  prices for the five (5)  trading  days  immediately
preceding  the date of the  Company's  Put Notice (a "Low Bid Price"),  for each
such  Trading  Day,  the  parties  shall  have no  right  and  shall be under no
obligation  to  purchase  and sell one fifth  (1/5th) of the  Investment  Amount
specified in the Put Notice,  and the  Investment  Amount shall  accordingly  be
deemed reduced by such amount. In the event that during a Valuation Period there
exists  a  Low  Bid  Price  for  any  two  (2)  Trading  Days--not   necessarily
consecutive--then  the balance of each party's right and  obligation to purchase
and sell the  Investment  Amount under such Put Notice  shall  terminate on such
second  Trading Day  ("Termination  Day"),  and the  Investment  Amount shall be
adjusted to include only one-fifth (1/5th) of the initial  Investment Amount for
each Trading Day during the Valuation  Period prior to the  Termination Day that
the Closing Price equals or exceeds the Low Bid Price.

     Section 2.2 MECHANICS.

          (a)  PUT  NOTICE.  At any  time  and  from  time to  time  during  the
Commitment Period, the Company may deliver a Put Notice to Investor,  subject to
the conditions set forth in Section 7.2; provided,  however, that the Investment
Amount  identified  in the  applicable  Put Notice shall not be greater than the
Maximum Put Amount and, when taken  together  with any prior Put Notices,  shall
not exceed the Maximum Commitment.  The Company may deliver multiple Put Notices
to Investor at any time,  even on the same Trading Day,  without any requirement
that a certain  amount of time elapse between the delivery of Put Notices or the
Closing  thereof.  On the Put Date  the  Company  shall  deliver  to  Investor's
brokerage  account estimated put shares equal to the Investment Amount indicated
in the Put Notice  divided by the Closing  Price on the Trading Day  immediately
preceding  the Put Date,  multiplied by one hundred  twenty five percent  (125%)
(the  "Estimated Put Shares").  Simultaneous  with the delivery of the Estimated

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Put Shares,  Investor  shall  deliver  payment by check or wire  transfer to the
Company an amount equal to the par value of the Estimated Put Shares ("Par Value
Payment").

          (b) DATE OF  DELIVERY  OF PUT  NOTICE.  A Put  Notice  shall be deemed
delivered  on (i) the Trading Day it is received by  facsimile  or  otherwise by
Investor if such notice is received on or prior to 12:00 noon New York time,  or
(ii) the  immediately  succeeding  Trading Day if it is received by facsimile or
otherwise after 12:00 noon New York time on a Trading Day or at anytime on a day
which is not a Trading Day.

     Section 2.3 CLOSINGS. At the end of the Valuation Period the Purchase Price
shall be  established  and the number of Put Shares  shall be  determined  for a
particular  Put. If the number of Estimated  Put Shares  initially  delivered to
Investor is greater than the Put Shares  purchased by Investor  pursuant to such
Put, then immediately  after the Valuation Period that Investor shall deliver to
Company any excess Estimated Put Shares  associated with such Put. If the number
of  Estimated  Put  Shares  delivered  to  Investor  is less than the Put Shares
purchased by Investor  pursuant to a Put, then  immediately  after the Valuation
Period the  Company  shall  deliver  to  Investor  the  difference  between  the
Estimated  Put Shares  and the Put Shares  issuable  pursuant  to such Put.  The
Closing of a Put shall occur upon the date in which the  settlement of trades of
the Put  Shares  associated  with such Put  Notice in the  Investor's  brokerage
account has been completed, whereby Investor shall deliver the Investment Amount
specified in the Put Notice,  less the Par Value  Payment,  by wire  transfer of
immediately  available funds to an account designated by the Company. In lieu of
delivering  physical  certificates  representing  the Common  Stock  issuable in
accordance  with clause (a) of this Section 2.3, and provided  that the Transfer
Agent  then is  participating  in the  Depository  Trust  Company  ("DTC")  Fast
Automated  Securities Transfer ("FAST") program,  upon request of Investor,  but
subject to the applicable  provisions of Article VIII hereof,  the Company shall
use  its  commercially  reasonable  efforts  to  cause  the  Transfer  Agent  to
electronically  transmit,  prior to the applicable  Closing Date, the applicable
Put Shares by  crediting  the account of the  Investor's  prime  broker with DTC
through its Deposit  Withdrawal  Agent Commission  ("DWAC") system,  and provide
proof satisfactory to the Investor of such delivery. In addition, on or prior to
such Closing Date,  each of the Company and Investor shall deliver to each other
all documents,  instruments and writings  required to be delivered or reasonably
requested by either of them pursuant to this Agreement in order to implement and
effect the transactions contemplated herein.

                                   ARTICLE III
                   REPRESENTATIONS AND WARRANTIES OF INVESTOR

     Investor represents and warrants to the Company that:

     Section 3.1 INTENT.  Investor is entering  into this  Agreement for its own
account and Investor has no present arrangement (whether or not legally binding)
at any time to sell the  Registered  Securities  to or  through  any  person  or
entity;  provided,  however,  that Investor reserves the right to dispose of the
Registered  Securities  at  any  time  in  accordance  with  federal  and  state
securities laws applicable to such disposition.

     Section 3.2 NO LEGAL  ADVICE FROM THE COMPANY.  The  Investor  acknowledges
that it has had the  opportunity to review this  Agreement and the  transactions
contemplated by this Agreement with its own legal counsel and investment and tax
advisors. The Investor is relying solely on such counsel and advisors and not on
any statements or representations  of the Company or any of its  representatives
or agents for legal,  tax or investment  advice with respect to this investment,
the  transactions  contemplated  by this Agreement or the securities laws of any
jurisdiction.

     Section 3.3 SOPHISTICATED  INVESTOR.  Investor is a sophisticated  investor
(as described in Rule 506(b)(2)(ii) of Regulation D) and an accredited  investor
(as defined in Rule 501 of  Regulation  D), and Investor has such  experience in
business and financial  matters that it is capable of evaluating  the merits and
risks of an investment in the Registered Securities.  Investor acknowledges that
an investment in the Registered  Securities is  speculative  and involves a high
degree of risk.

     Section 3.4 AUTHORITY.  (a) Investor has the requisite  power and authority
to  enter  into  and  perform  its  obligations  under  this  Agreement  and the
transactions contemplated hereby in accordance with its terms; (b) the execution

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and delivery of this Agreement and the  consummation  by it of the  transactions
contemplated  hereby and  thereby  have been duly  authorized  by all  necessary
action and no further  consent or  authorization  of Investor or its partners is
required;  and (c) this Agreement has been duly authorized and validly  executed
and  delivered by Investor and  constitutes  a valid and binding  obligation  of
Investor  enforceable  against  it in  accordance  with its  terms,  subject  to
applicable  bankruptcy,  insolvency,  or similar laws  relating to, or affecting
generally  the  enforcement  of,  creditors'  rights  and  remedies  or by other
equitable principles of general application.

     Section  3.5 NOT AN  AFFILIATE.  Investor  is not an  officer,  director or
"affiliate"  (as that term is defined in Rule 405 of the Securities  Act) of the
Company.

     Section 3.6  ORGANIZATION AND STANDING.  Investor is a limited  partnership
duly  organized,  validly  existing and in good  standing  under the laws of the
State of Delaware and has all requisite  power and  authority to own,  lease and
operate its  properties  and to carry on its  business  as now being  conducted.
Investor is duly qualified and in good standing in every  jurisdiction  in which
the  nature  of the  business  conducted  or  property  owned by it  makes  such
qualification  necessary,  other than  those in which the  failure so to qualify
would not have a material adverse effect on Investor.

     Section  3.7  ABSENCE OF  CONFLICTS.  The  execution  and  delivery of this
Agreement and any other  document or  instrument  contemplated  hereby,  and the
consummation of the transactions contemplated hereby and thereby, and compliance
with the  requirements  hereof and thereof,  will not (a) violate any law, rule,
regulation,  order,  writ,  judgment,  injunction,  decree or award  binding  on
Investor, (b) violate any provision of any indenture, instrument or agreement to
which  Investor  is a party or is  subject,  or by which  Investor or any of its
assets is bound, or conflict with or constitute a material  default  thereunder,
(c) result in the creation or  imposition  of any lien  pursuant to the terms of
any such  indenture,  instrument  or  agreement,  or  constitute a breach of any
fiduciary duty owed by Investor to any third party,  or (d) require the approval
of any  third-party  (that  has not  been  obtained)  pursuant  to any  material
contract,  instrument,  agreement,  relationship  or legal  obligation  to which
Investor is subject or to which any of its assets,  operations or management may
be subject.

     Section 3.8 DISCLOSURE; ACCESS TO INFORMATION.  Investor had an opportunity
to review copies of the SEC Documents filed on behalf of the Company and has had
access to all publicly available information with respect to the Company.

     Section  3.9  MANNER OF SALE.  At no time was  Investor  presented  with or
solicited  by or through any leaflet,  public  promotional  meeting,  television
advertisement or any other form of general solicitation or advertising.

     Section 3.10. FINANCIAL CAPABILITY. Investor has the financial capacity and
the necessary capital to perform its obligations hereunder.

                                   ARTICLE IV
                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

     The Company  represents and warrants to Investor that,  except as disclosed
in the SEC Documents:

     Section 4.1 ORGANIZATION OF THE COMPANY.  The Company is a corporation duly
organized and validly  existing and in good standing under the laws of the State
of Nevada and has all requisite  power and  authority to own,  lease and operate
its properties and to carry on its business as now being conducted.  The Company
is  duly  qualified  as a  foreign  corporation  to do  business  and is in good
standing in every  jurisdiction in which the nature of the business conducted or
property  owned by it makes such  qualification  necessary,  other than those in
which the failure so to qualify would not have a Material Adverse Effect.

     Section 4.2 AUTHORITY.  (a) The Company has the requisite  corporate  power
and authority to enter into and perform its obligations under this Agreement and
to issue the Put Shares and Restricted Shares; (b) the execution and delivery of
this  Agreement by the Company and the  consummation  by it of the  transactions
contemplated  hereby and  thereby  have been duly  authorized  by all  necessary
corporate  action and no further consent or  authorization of the Company or its

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Board of Directors or stockholders  is required;  and (c) each of this Agreement
and has been duly executed and delivered by the Company and  constitutes a valid
and  binding  obligation  of the  Company  enforceable  against  the  Company in
accordance  with its  terms,  except as such  enforceability  may be  limited by
applicable  bankruptcy,  insolvency,  or similar laws  relating to, or affecting
generally  the  enforcement  of,  creditors'  rights  and  remedies  or by other
equitable principles of general application.

     Section 4.3  CAPITALIZATION.  As of the date hereof, the authorized capital
stock of the Company consists of 100,000,000 shares of Common Stock,  $0.001 par
value per share,  of which  52,800,000  shares were issued and outstanding as of
October 31, 2011.

     Except  as  otherwise  disclosed  in the SEC  Documents  and a  convertible
promissory  note in the  principal  amount of $250,000  issued by the Company on
January  16, 2012 to a foreign  accredited  investor,  there are no  outstanding
securities  which are  convertible  into shares of Common  Stock,  whether  such
conversion is currently exercisable or exercisable only upon some future date or
the occurrence of some event in the future.

     All of the outstanding shares of Common Stock of the Company have been duly
and validly authorized and issued and are fully paid and non-assessable.

     Section  4.4  COMMON  STOCK.  The  Company is in full  compliance  with all
reporting requirements of the Exchange Act, and to its knowledge the Company has
maintained all requirements for the continued listing or quotation of the Common
Stock,  and such Common  Stock is  currently  listed or quoted on the  Principal
Market which is presently the OTC Markets, Inc. Pink Sheets.

     Section 4.5 SEC DOCUMENTS.  The Company may make available to Investor true
and complete copies of the SEC Documents (including,  without limitation,  proxy
information and solicitation materials). To the Company's knowledge, the Company
has not provided to Investor any information that,  according to applicable law,
rule or regulation, should have been disclosed publicly prior to the date hereof
by the  Company,  but which has not been so  disclosed.  As of their  respective
dates, the SEC Documents complied in all material respects with the requirements
of the Exchange Act, and other federal laws, rules and regulations applicable to
such SEC Documents, and none of the SEC Documents contained any 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,  in light of the
circumstances  under  which  they  were  made,  not  misleading.  The  financial
statements of the Company  included in the SEC  Documents  comply as to form and
substance in all material respects with applicable  accounting  requirements and
the published  rules and  regulations of the SEC or other  applicable  rules and
regulations with respect thereto.  Such financial  statements have been prepared
in  accordance  with  generally  accepted  accounting  principles  applied  on a
consistent  basis  during the periods  involved  (except (a) as may be otherwise
indicated in such  financial  statements or the notes thereto or (b) in the case
of unaudited interim statements, to the extent they may not include footnotes or
may be  condensed  or summary  statements)  and fairly  present in all  material
respects the  financial  position of the Company as of the dates thereof and the
results of operations and cash flows for the periods then ended (subject, in the
case of unaudited statements, to normal year-end audit adjustments).

     Section 4.6 VALID  ISSUANCES.  When issued and paid for as herein provided,
the Put Shares and the Restricted Shares shall be duly and validly issued, fully
paid, and non-assessable.  Neither the sales of the Put Shares or the Restricted
Shares  pursuant  to  this  Agreement  nor  the  Company's  performance  of  its
obligations  hereunder  shall (a) result in the  creation or  imposition  of any
liens,  charges,  claims or other encumbrances upon the Put Shares or Restricted
Shares,  or any of the assets of the  Company,  or (b)  entitle  the  holders of
outstanding shares of Common Stock to preemptive or other rights to subscribe to
or acquire the Common Stock or other  securities of the Company.  The Put Shares
and  Restricted  Shares  shall not subject  Investor to personal  liability,  in
excess of the subscription price by reason of the ownership thereof.

     Section 4.7 NO CONFLICTS.  The execution,  delivery and performance of this
Agreement by the Company and the consummation by the Company of the transactions
contemplated hereby, including without limitation the issuance of the Put Shares
and the Restricted  Shares, do not and will not (a) result in a violation of the
Certificate  or By-Laws or (b) conflict  with, or constitute a material  default
(or an event that with  notice or lapse of time or both would  become a material

                                       8
<PAGE>
default)  under,  or  give to  others  any  rights  of  termination,  amendment,
acceleration or cancellation of, any material agreement,  indenture,  instrument
or any "lock-up" or similar  provision of any underwriting or similar  agreement
to which the Company is a party,  or (c) result in a violation  of any  federal,
state or local law,  rule,  regulation,  order,  judgment  or decree  (including
federal and state securities laws and regulations)  applicable to the Company or
by which any  property or asset of the Company is bound or affected  (except for
such conflicts, defaults, terminations, amendments, accelerations, cancellations
and violations as would not,  individually or in the aggregate,  have a Material
Adverse  Effect) nor is the Company  otherwise in violation of, conflict with or
in default under any of the foregoing.  The business of the Company is not being
conducted in violation of any law,  ordinance or regulation of any  governmental
entity, except for possible violations that either singly or in the aggregate do
not and will not have a Material  Adverse  Effect.  The Company is not  required
under  federal,  state or local law,  rule or  regulation to obtain any consent,
authorization or order of, or make any filing or registration with, any court or
governmental  agency in order for it to  execute,  deliver or perform any of its
obligations  under  this  Agreement  or  issue  and  sell  the  Common  Stock in
accordance with the terms hereof (other than any SEC, FINRA or state  securities
filings  that  may be  required  to be made  by the  Company  subsequent  to any
Closing, any registration statement that may be filed pursuant hereto); provided
that, for purposes of the representation  made in this sentence,  the Company is
assuming  and relying  upon the  accuracy of the  relevant  representations  and
agreements of Investor herein.

     Section 4.8 NO MATERIAL  ADVERSE CHANGE.  Since September 30, 2011 no event
has occurred that would have a Material Adverse Effect on the Company, except as
disclosed in the SEC Documents.

     Section 4.9 LITIGATION AND OTHER PROCEEDINGS. Except as may be disclosed in
the SEC  Documents,  there are no  lawsuits  or  proceedings  pending  or to the
knowledge of the Company  threatened,  against the Company,  nor has the Company
received  any written or oral notice of any such  action,  suit,  proceeding  or
investigation,  which  would have a Material  Adverse  Effect.  Except as may be
disclosed in the SEC Documents,  no judgment,  order, writ, injunction or decree
or award has been issued by or, so far as is known by the Company,  requested of
any court, arbitrator or governmental agency which would have a Material Adverse
Effect.

     Section 4.10 DILUTION. The number of shares of Common Stock issuable as Put
Shares may increase substantially in certain circumstances,  including,  but not
necessarily limited to, the circumstance wherein the trading price of the Common
Stock  declines  during the period between the Effective Date and the end of the
Commitment Period.  The Company's  executive officers and directors have studied
and  fully  understand  the  nature  of the  transactions  contemplated  by this
Agreement and recognize that they have a potential dilutive effect. The board of
directors of the Company has concluded in its good faith business  judgment that
such issuance is in the best interests of the Company.  The Company specifically
acknowledges  that,  subject to Section 2.2(c),  its obligation to issue the Put
Shares is binding upon the Company and  enforceable  regardless  of the dilution
such issuance may have on the ownership  interests of other  shareholders of the
Company.

                                    ARTICLE V
                              COVENANTS OF INVESTOR

     Section 5.1 COMPLIANCE WITH LAW; TRADING IN SECURITIES.  Investor's trading
activities with respect to shares of the Common Stock will be in compliance with
all applicable state and federal  securities laws, rules and regulations and the
rules and  regulations  of FINRA and the  Principal  Market on which the  Common
Stock is listed or quoted.

     Section  5.2 SHORT  SALES AND  CONFIDENTIALITY.  Neither  Investor  nor any
affiliate of the Investor acting on its behalf or pursuant to any  understanding
with it will  execute any Short Sales  during the period from the date hereof to
the end of the Commitment  Period.  For the purposes  hereof,  and in accordance
with  Regulation  SHO, the sale after delivery of a Put Notice of such number of
shares of Common Stock  reasonably  expected to be purchased  under a Put Notice
shall not be deemed a Short Sale.

     Other  than  to  other  Persons  party  to  this  Agreement,  Investor  has
maintained the  confidentiality of all disclosures made to it in connection with
this transaction (including the existence and terms of this transaction).

                                       9
<PAGE>
                                   ARTICLE VI
                            COVENANTS OF THE COMPANY

     Section 6.1  RESERVATION  OF COMMON STOCK.  The Company will,  from time to
time as needed in advance of a Closing Date,  reserve and keep  available  until
the consummation of such Closing, free of preemptive rights sufficient shares of
Common Stock for the purpose of enabling  the Company to satisfy its  obligation
to issue the Put  Shares to be issued in  connection  therewith.  The  number of
shares so reserved  from time to time,  as  theretofore  increased or reduced as
hereinafter provided,  may be reduced by the number of shares actually delivered
hereunder.

     Section 6.2  LISTING OF COMMON  STOCK.  If the Company  applies to have the
Common  Stock traded on any other  Principal  Market,  it shall  include in such
application the Put Shares,  and shall take such other action as is necessary or
desirable in the reasonable  opinion of Investor to cause the Common Stock to be
listed on such other Principal Market as promptly as possible. The Company shall
use its commercially  reasonable  efforts to continue the listing and trading of
the  Common  Stock  on the  Principal  Market  (including,  without  limitation,
maintaining sufficient net tangible assets) and will comply in all respects with
the Company's reporting,  filing and other obligations under the bylaws or rules
of the FINRA and the Principal Market.

     Section  6.3  CERTAIN  AGREEMENTS.  So long as this  Agreement  remains  in
effect,  the Company  covenants  and agrees that it will not,  without the prior
written  consent of the  Investor,  enter into any other  equity  line of credit
agreement  with a third party  during the  Commitment  Period  having  terms and
conditions  substantially  comparable  to this  Agreement.  For the avoidance of
doubt, nothing contained in the Transaction Documents shall restrict, or require
the  Investor's  consent  for,  any  agreement  providing  for the  issuance  or
distribution  of (or the  issuance  or  distribution  of) any equity  securities
pursuant to any agreement or arrangement  that is not commonly  understood to be
an "equity line of credit."

                                   ARTICLE VII
                            CONDITIONS TO DELIVERY OF
                      PUT NOTICES AND CONDITIONS TO CLOSING

     Section 7.1 CONDITIONS  PRECEDENT TO THE OBLIGATION OF THE COMPANY TO ISSUE
AND SELL COMMON STOCK. The obligation hereunder of the Company to issue and sell
the  Put  Shares  to  Investor  incident  to  each  Closing  is  subject  to the
satisfaction,  at or before each such  Closing,  of each of the  conditions  set
forth below.

          (a)  ACCURACY  OF  INVESTOR'S   REPRESENTATIONS  AND  WARRANTIES.  The
representations  and  warranties  of  Investor  shall be true and correct in all
material  respects as of the date of this  Agreement  and as of the date of each
such Closing as though made at each such time except for changes which would not
have a Material Adverse Effect.

          (b) PERFORMANCE BY INVESTOR. Investor shall have performed,  satisfied
and complied in all  respects  with all  covenants,  agreements  and  conditions
required by this  Agreement  to be  performed,  satisfied  or  complied  with by
Investor at or prior to such Closing.

          (c) Principal Market  Regulation.  The Company shall not issue any Put
Shares,  or  Restricted  Shares,  and the  Investor  shall not have the right to
receive  any Put Shares or  Restricted  Shares,  if the  issuance of such shares
would  exceed the  aggregate  number of shares of Common Stock which the Company
may  issue  without  breaching  the  Company's  obligations  under  the rules or
regulations  of the  Principal  Market (the  "Exchange  Cap"),  except that such
limitation  shall not apply in the event the Company obtains the approval of its
stockholders  if required by the  applicable  rules of the Principal  Market for
issuances of Common Stock in excess of the  Exchange  Cap. For the  avoidance of
doubt, the Company may, but shall be under no obligation to, obtain the approval
of its stockholders of the transactions contemplated by this Agreement.

                                       10
<PAGE>
     Section 7.2  CONDITIONS  PRECEDENT TO THE RIGHT OF THE COMPANY TO DELIVER A
PUT NOTICE AND THE  OBLIGATION OF INVESTOR TO PURCHASE PUT SHARES.  The right of
the Company to deliver a Put Notice and the obligation of Investor  hereunder to
acquire  and pay for the Put  Shares  incident  to a Closing  is  subject to the
satisfaction,  on (i) the  date of  delivery  of such  Put  Notice  and (ii) the
applicable Closing Date (each a "CONDITION  SATISFACTION  DATE"), of each of the
following conditions:

          (a) EFFECTIVE REGISTRATION STATEMENT.  The Registration Statement, and
any  amendment or  supplement  thereto,  shall remain  effective for the sale by
Investor  of the  Registered  Securities  subject to such Put  Notice,  and such
Registration  Statement  shall remain  effective on each Condition  Satisfaction
Date and (i) neither the Company nor Investor  shall have  received  notice that
the SEC has  issued  or  intends  to issue a stop  order  with  respect  to such
Registration  Statement or that the SEC otherwise has suspended or withdrawn the
effectiveness of such Registration Statement, either temporarily or permanently,
or  intends or has  threatened  to do so (unless  the SEC's  concerns  have been
addressed  and  Investor  is  reasonably  satisfied  that the SEC no  longer  is
considering or intends to take such action), and (ii) no other suspension of the
use or withdrawal of the effectiveness of such Registration Statement or related
prospectus shall exist.

          (b) ACCURACY OF THE  COMPANY'S  REPRESENTATIONS  AND  WARRANTIES.  The
representations  and  warranties of the Company shall be true and correct in all
material respects as of each Condition  Satisfaction Date as though made at each
such time (except for representations  and warranties  specifically made as of a
particular  date)  with  respect  to  all  periods,  and as to  all  events  and
circumstances occurring or existing to and including each Condition Satisfaction
Date,   except   for  any   conditions   which  have   temporarily   caused  any
representations  or  warranties  herein  to be  incorrect  and  which  have been
corrected with no continuing impairment to the Company or Investor.

          (c)  PERFORMANCE  BY THE COMPANY.  The Company  shall have  performed,
satisfied and complied in all material  respects with all covenants,  agreements
and conditions required by this Agreement to be performed, satisfied or complied
with by the Company at or prior to each Condition Satisfaction Date.

          (d) NO INJUNCTION.  No statute,  rule,  regulation,  executive  order,
decree,  ruling or injunction shall have been enacted,  entered,  promulgated or
adopted by any court or governmental  authority of competent  jurisdiction  that
prohibits or directly and materially  adversely  affects any of the transactions
contemplated by this Agreement, and no proceeding shall have been commenced that
may have the effect of prohibiting or materially  adversely affecting any of the
transactions contemplated by this Agreement.

          (e) ADVERSE  CHANGES.  Since the date of filing of the Company's  most
recent  SEC  Document,  no event  that  had or is  reasonably  likely  to have a
Material Adverse Effect has occurred.

          (f) NO  SUSPENSION  OF TRADING IN OR  DELISTING OF COMMON  STOCK.  The
trading  of the  Common  Stock  shall not have been  suspended  by the SEC,  the
Principal  Market or the FINRA and the Common Stock shall have been approved for
listing or  quotation  on and shall not have been  delisted  from the  Principal
Market.

          (g) [INTENTIONALLY OMITTED]

          (h) TEN PERCENT  LIMITATION.  On each Closing Date,  the number of Put
Shares  then to be  purchased  by  Investor  shall not exceed the number of such
shares that, when aggregated with all other shares of Common Stock then owned by
Investor beneficially or deemed beneficially owned by Investor,  would result in
Investor  owning  more  than  9.99%  of all of such  Common  Stock  as  would be
outstanding on such Closing Date, as determined in accordance with Section 16 of
the Exchange Act and the  regulations  promulgated  thereunder.  For purposes of
this  Section,  in the event  that the  amount of Common  Stock  outstanding  as
determined in accordance with Section 16 of the Exchange Act and the regulations
promulgated  thereunder is greater on a Closing Date than on the date upon which
the Put Notice  associated with such Closing Date is given, the amount of Common
Stock  outstanding on such Closing Date shall govern for purposes of determining

                                       11
<PAGE>
whether  Investor,  when aggregating all purchases of Common Stock made pursuant
to this Agreement,  would own more than 9.99% of the Common Stock following such
Closing Date.

          (i) PRINCIPAL MARKET  REGULATION.  The Company shall not issue any Put
Shares  or  Restricted  Shares,  and the  Investor  shall  not have the right to
receive  any Put Shares or  Restricted  Shares,  if the  issuance of such shares
would exceed the Exchange Cap,  except that such  limitation  shall not apply in
the event the Company  obtains the approval of its  stockholders  if required by
the  applicable  rules of the Principal  Market for issuances of Common Stock in
excess of the  Exchange  Cap. For the  avoidance of doubt,  the Company may, but
shall be under no obligation to, obtain the approval of its  stockholders of the
transactions contemplated by this Agreement.

          (j) NO  KNOWLEDGE.  The Company  shall have no  knowledge of any event
more likely than not to have the effect of causing such  Registration  Statement
to be suspended or otherwise ineffective (which event is more likely than not to
occur within the fifteen (15)  Trading Days  following  the Trading Day on which
such Put Notice is deemed delivered).

          (k) NO VIOLATION OF SHAREHOLDER APPROVAL REQUIREMENT.  The issuance of
shares of Common Stock with respect to the applicable Closing, if any, shall not
violate the shareholder approval requirements of the Principal Market.

          (l) NO VALUATION  EVENT.  No Valuation Event shall have occurred since
the Put Date.

          (m) OTHER. On each Condition  Satisfaction  Date,  Investor shall have
received a  certificate  in  substantially  the form and  substance of Exhibit B
hereto,  executed by an executive  officer of the Company and to the effect that
all the  conditions to such Closing shall have been  satisfied as at the date of
each such certificate.

                                  ARTICLE VIII
                                     LEGENDS

     Section 8.1 NO STOCK LEGEND OR STOCK TRANSFER RESTRICTIONS. No legend shall
be placed on the share certificates representing the Put Shares.

     Section  8.2  INVESTOR'S  COMPLIANCE.  Nothing in this  Article  VIII shall
affect in any way Investor's  obligations under any agreement to comply with all
applicable securities laws upon the sale of the Common Stock.

                                   ARTICLE IX
                            NOTICES; INDEMNIFICATION

     Section 9.1 NOTICES. All notices, demands, requests,  consents,  approvals,
and other  communications  required or permitted  hereunder  shall be in writing
and, unless otherwise  specified  herein,  shall be (a) personally  served,  (b)
deposited  in the mail,  registered  or  certified,  return  receipt  requested,
postage  prepaid,  (c) delivered by reputable  air courier  service with charges
prepaid, or (d) transmitted by hand delivery, telegram, facsimile, or email as a
PDF,  addressed as set forth below or to such other  address as such party shall
have specified most recently by written notice given in accordance herewith. Any
notice or other communication  required or permitted to be given hereunder shall
be deemed  effective  (i) upon hand  delivery  or delivery  by  facsimile,  with
accurate confirmation  generated by the transmitting facsimile machine, or email
as a PDF, at the address or number  designated below (if delivered on a business
day during normal  business  hours where such notice is to be received),  or the
first  business  day  following  such  delivery  (if  delivered  other than on a
business day during normal  business  hours where such notice is to be received)
or (ii) on the  second  business  day  following  the date of mailing by express
courier  service or on the fifth  business day after  deposited in the mail,  in
each case, fully prepaid,  addressed to such address,  or upon actual receipt of
such mailing, whichever shall first occur.

                                       12
<PAGE>
The addresses for such communications shall be:

     If to the Company:

          Stevia Corp.
          7117 US 31 S.
          Indianapolis, Indiana 46227
          Attn:  George Blankenbaker
          President
          Tel:  888-250-2566
          Email: george@stevia.co

     With a copy to:

          Greenberg Traurig LLP
          1201 K Street Suite 1100
          Sacramento, California 95814
          Attn: Mark C Lee
          Tel: 916-442-1111
          Fax: 916-448-1709

     If to Investor:

          Southridge Partners II, LP
          90 Grove Street
          Ridgefield, Connecticut 06877
          Tel: 203-431-8300
          Fax: 203-431-8301
          Email: info@southridgellc.com

Either party hereto may from time to time change its address or facsimile number
for  notices  under this  Section  9.1 by giving at least ten (10)  days'  prior
written  notice of such changed  address or facsimile  number to the other party
hereto.

     Section 9.2 INDEMNIFICATION. Each party (an "Indemnifying Party") agrees to
indemnify and hold harmless the other party along with its officers,  directors,
employees,  and  authorized  agents,  and each  Person or  entity,  if any,  who
controls  such party within the meaning of Section 15 of the  Securities  Act or
Section 20 of the  Exchange  Act (an  "Indemnified  Party") from and against any
Damages,  joint or  several,  and any  action in  respect  thereof  to which the
Indemnified Party becomes subject to, resulting from, arising out of or relating
to any misrepresentation,  breach of warranty or nonfulfillment of or failure to
perform any covenant or agreement on the part of Indemnifying Party contained in
this Agreement, as such Damages are incurred,  except to the extent such Damages
result  primarily from  Indemnified  Party's  failure to perform any covenant or
agreement  contained  in  this  Agreement  or  Indemnified  Party's  negligence,
recklessness or bad faith in performing its obligations under this Agreement.

     Section  9.3 METHOD OF  ASSERTING  INDEMNIFICATION  CLAIMS.  All claims for
indemnification  by any  Indemnified  Party (as defined below) under Section 9.2
shall be asserted and resolved as follows:

          (a)  In the  event  any  claim  or  demand  in  respect  of  which  an
Indemnified  Party might seek indemnity under Section 9.2 is asserted against or
sought to be  collected  from such  Indemnified  Party by a person  other than a
party hereto or an affiliate  thereof (a "THIRD PARTY CLAIM"),  the  Indemnified
Party  shall  deliver a written  notification,  enclosing  a copy of all  papers
served,  if any,  and  specifying  the nature of and basis for such Third  Party
Claim and for the Indemnified  Party's claim for  indemnification  that is being
asserted  under any  provision  of Section  9.2 against an  Indemnifying  Party,
together with the amount or, if not then reasonably ascertainable, the estimated
amount,  determined in good faith,  of such Third Party Claim (a "CLAIM NOTICE")
with reasonable  promptness to the Indemnifying  Party. If the Indemnified Party
fails  to  provide  the  Claim  Notice  with  reasonable  promptness  after  the
Indemnified  Party receives notice of such Third Party Claim,  the  Indemnifying
Party shall not be obligated to indemnify the Indemnified  Party with respect to
such Third Party Claim to the extent that the  Indemnifying  Party's  ability to
defend  has been  prejudiced  by such  failure  of the  Indemnified  Party.  The
Indemnifying  Party shall notify the  Indemnified  Party as soon as  practicable

                                       13
<PAGE>
within the period  ending thirty (30)  calendar  days  following  receipt by the
Indemnifying  Party of either a Claim Notice or an Indemnity  Notice (as defined
below) (the  "DISPUTE  PERIOD")  whether the  Indemnifying  Party  disputes  its
liability or the amount of its liability to the Indemnified  Party under Section
9.2 and whether the Indemnifying Party desires, at its sole cost and expense, to
defend the Indemnified Party against such Third Party Claim.

               (i) If the  Indemnifying  Party  notifies the  Indemnified  Party
     within the Dispute Period that the Indemnifying Party desires to defend the
     Indemnified  Party with  respect to the Third Party Claim  pursuant to this
     Section 9.3(a), then the Indemnifying Party shall have the right to defend,
     with counsel reasonably  satisfactory to the Indemnified Party, at the sole
     cost and expense of the Indemnifying  Party,  such Third Party Claim by all
     appropriate   proceedings,   which  proceedings  shall  be  vigorously  and
     diligently  prosecuted by the  Indemnifying  Party to a final conclusion or
     will be settled at the discretion of the Indemnifying  Party (but only with
     the consent of the  Indemnified  Party in the case of any  settlement  that
     provides for any relief other than the payment of monetary  damages or that
     provides  for the payment of monetary  damages as to which the  Indemnified
     Party  shall not be  indemnified  in full  pursuant  to Section  9.2).  The
     Indemnifying Party shall have full control of such defense and proceedings,
     including any compromise or settlement thereof; provided, however, that the
     Indemnified  Party may,  at the sole cost and  expense  of the  Indemnified
     Party, at any time prior to the Indemnifying Party's delivery of the notice
     referred to in the first  sentence  of this  clause  (i),  file any motion,
     answer or other  pleadings  or take any other  action that the  Indemnified
     Party  reasonably  believes to be necessary or  appropriate  to protect its
     interests;  and provided  further,  that if  requested by the  Indemnifying
     Party,  the  Indemnified  Party  will,  at the sole cost and expense of the
     Indemnifying  Party,  provide  reasonable  cooperation to the  Indemnifying
     Party in  contesting  any Third  Party  Claim that the  Indemnifying  Party
     elects to  contest.  The  Indemnified  Party may  participate  in,  but not
     control,  any defense or settlement of any Third Party Claim  controlled by
     the Indemnifying  Party pursuant to this clause (i), and except as provided
     in the preceding  sentence,  the Indemnified Party shall bear its own costs
     and  expenses  with  respect  to such  participation.  Notwithstanding  the
     foregoing, the Indemnified Party may takeover the control of the defense or
     settlement of a Third Party Claim at any time if it irrevocably  waives its
     right to  indemnity  under  Section  9.2 with  respect to such Third  Party
     Claim.

               (ii) If the  Indemnifying  Party fails to notify the  Indemnified
     Party  within the Dispute  Period that the  Indemnifying  Party  desires to
     defend  the  Third  Party  Claim  pursuant  to  Section  9.3(a),  or if the
     Indemnifying Party gives such notice but fails to prosecute  vigorously and
     diligently or settle the Third Party Claim,  or if the  Indemnifying  Party
     fails to give any notice  whatsoever  within the Dispute  Period,  then the
     Indemnified  Party  shall  have the right to  defend,  at the sole cost and
     expense of the Indemnifying Party, the Third Party Claim by all appropriate
     proceedings, which proceedings shall be prosecuted by the Indemnified Party
     in a  reasonable  manner  and in  good  faith  or will  be  settled  at the
     discretion of the  Indemnified  Party(with the consent of the  Indemnifying
     Party,  which consent will not be unreasonably  withheld).  The Indemnified
     Party will have full control of such defense and proceedings, including any
     compromise or settlement thereof;  provided,  however, that if requested by
     the Indemnified  Party, the  Indemnifying  Party will, at the sole cost and
     expense of the Indemnifying  Party,  provide reasonable  cooperation to the
     Indemnified Party and its counsel in contesting any Third Party Claim which
     the  Indemnified  Party  is  contesting.   Notwithstanding   the  foregoing
     provisions of this clause (ii), if the Indemnifying  Party has notified the
     Indemnified  Party within the Dispute  Period that the  Indemnifying  Party
     disputes  its  liability  or the amount of its  liability  hereunder to the
     Indemnified  Party  with  respect  to such  Third  Party  Claim and if such
     dispute  is  resolved  in favor  of the  Indemnifying  Party in the  manner
     provided in clause (iii) below, the Indemnifying Party will not be required
     to bear the costs and expenses of the Indemnified  Party's defense pursuant
     to this clause (ii) or of the Indemnifying Party's participation therein at
     the Indemnified Party's request,  and the Indemnified Party shall reimburse
     the  Indemnifying  Party  in full for all  reasonable  costs  and  expenses
     incurred by the Indemnifying Party in connection with such litigation.  The
     Indemnifying  Party may  participate  in, but not  control,  any defense or

                                       14
<PAGE>
     settlement  controlled  by the  Indemnified  Party  pursuant to this clause
     (ii), and the Indemnifying Party shall bear its own costs and expenses with
     respect to such participation.

               (iii) If the  Indemnifying  Party notifies the Indemnified  Party
     that it does not dispute its  liability  or the amount of its  liability to
     the  Indemnified  Party with respect to the Third Party Claim under Section
     9.2 or fails to notify the  Indemnified  Party  within the  Dispute  Period
     whether the Indemnifying  Party disputes its liability or the amount of its
     liability to the Indemnified  Party with respect to such Third Party Claim,
     the amount of Damages  specified in the Claim Notice shall be  conclusively
     deemed a liability  of the  Indemnifying  Party  under  Section 9.2 and the
     Indemnifying  Party shall pay the amount of such Damages to the Indemnified
     Party  on  demand.  If the  Indemnifying  Party  has  timely  disputed  its
     liability or the amount of its  liability  with respect to such claim,  the
     Indemnifying Party and the Indemnified Party shall proceed in good faith to
     negotiate a resolution  of such  dispute;  provided,  however,  that if the
     dispute is not resolved within thirty (30) days after the Claim Notice, the
     Indemnifying  Party shall be entitled to institute  such legal action as it
     deems appropriate.

          (b) In the event  any  Indemnified  Party  should  have a claim  under
Section 9.2 against the  Indemnifying  Party that does not involve a Third Party
Claim, the Indemnified Party shall deliver a written notification of a claim for
indemnity  under Section 9.2  specifying the nature of and basis for such claim,
together with the amount or, if not then reasonably ascertainable, the estimated
amount,  determined in good faith,  of such claim (an  "INDEMNITY  NOTICE") with
reasonable  promptness to the Indemnifying Party. The failure by any Indemnified
Party  to give the  Indemnity  Notice  shall  not  impair  such  party's  rights
hereunder except to the extent that the Indemnifying  Party demonstrates that it
has been irreparably  prejudiced thereby. If the Indemnifying Party notifies the
Indemnified  Party that it does not dispute the claim or the amount of the claim
described  in such  Indemnity  Notice or fails to notify the  Indemnified  Party
within the Dispute Period whether the  Indemnifying  Party disputes the claim or
the  amount of the claim  described  in such  Indemnity  Notice,  the  amount of
Damages  specified  in the  Indemnity  Notice  will  be  conclusively  deemed  a
liability of the Indemnifying Party under Section 9.2 and the Indemnifying Party
shall pay the amount of such Damages to the Indemnified  Party on demand. If the
Indemnifying  Party has  timely  disputed  its  liability  or the  amount of its
liability with respect to such claim, the Indemnifying Party and the Indemnified
Party shall  proceed in good faith to  negotiate a resolution  of such  dispute;
provided,  however,  that if the dispute is not resolved within thirty (30) days
after the Claim Notice,  the  Indemnifying  Party shall be entitled to institute
such legal action as it deems appropriate.

          (c) The indemnity  provisions contained herein shall be in addition to
(i) any cause of action or similar rights of the  Indemnified  Party against the
Indemnifying  Party or others,  and (ii) any liabilities the Indemnifying  Party
may be subject to.

                                    ARTICLE X
                                  MISCELLANEOUS

     Section 10.1 GOVERNING LAW; JURISDICTION.  This Agreement shall be governed
by and  interpreted in accordance with the laws of the State of New York without
regard to the  principles  of conflicts of law. Each of the Company and Investor
hereby submit to the  exclusive  jurisdiction  of the United States  Federal and
state courts located in New York with respect to any dispute  arising under this
Agreement,   the  agreements   entered  into  in  connection   herewith  or  the
transactions contemplated hereby or thereby.

     Section 10.2 JURY TRIAL WAIVER. The Company and the Investor hereby waive a
trial by jury in any action, proceeding or counterclaim brought by either of the
parties  hereto  against the other in respect of any matter arising out of or in
connection with the Transaction Documents.

     Section 10.3 ASSIGNMENT.  This Agreement shall be binding upon and inure to
the benefit of the Company and Investor and their respective successors. Neither
this  Agreement  nor any rights of  Investor  or the  Company  hereunder  may be
assigned by either party to any other person.

     Section 10.4 THIRD PARTY BENEFICIARIES.  This Agreement is intended for the
benefit of the Company and Investor and their respective successors,  and is not

                                       15
<PAGE>
for the  benefit  of, nor may any  provision  hereof be  enforced  by, any other
person.

     Section 10.5  TERMINATION.  The Company may terminate this Agreement at any
time by written  notice to the  Investor.  Additionally,  this  Agreement  shall
terminate  at the end of  Commitment  Period  or as  otherwise  provided  herein
(unless  extended  by the  agreement  of the Company  and  Investor);  provided,
however,  that the provisions of Articles V and VIII, and Sections 9.1, 9.2, 9.3
10.1, 10.2 and 10.4 shall survive the termination of this Agreement for a period
of eighteen (18) months.

     Section 10.6 ENTIRE AGREEMENT, AMENDMENT; NO WAIVER. This Agreement and the
instruments  referenced  herein contain the entire  understanding of the Company
and Investor with respect to the matters  covered herein and therein and, except
as  specifically  set forth herein or therein,  neither the Company nor Investor
makes any representation, warranty, covenant or undertaking with respect to such
matters.  No provision of this  Agreement may be waived or amended other than by
an instrument in writing signed by the party to be charged with enforcement.

     Section 10.7 FEES AND EXPENSES.  The Company agrees to pay its own expenses
and shall pay a fee to  Investor  in the  amount of $25,000 in cash to cover its
expenses in connection with the preparation of this Agreement and performance of
Investor's  obligations  hereunder.  The  Company  shall  pay all stamp or other
similar taxes and duties  levied in  connection  with issuance of the Put Shares
pursuant hereto.

     Section  10.8  COUNTERPARTS.  This  Agreement  may be  executed in multiple
counterparts,  each of which may be executed by less than all of the parties and
shall be deemed to be an original  instrument which shall be enforceable against
the parties actually executing such counterparts and all of which together shall
constitute one and the same  instrument.  This Agreement may be delivered to the
other  parties  hereto  by  facsimile  transmission  or  email of a copy of this
Agreement bearing the signature of the parties so delivering this Agreement.

     Section  10.9  SEVERABILITY.  In the  event  that  any  provision  of  this
Agreement  becomes or is declared  by a court of  competent  jurisdiction  to be
illegal,  unenforceable or void, this Agreement shall continue in full force and
effect  without  said  provision;  provided  that  such  severability  shall  be
ineffective if it materially  changes the economic  benefit of this Agreement to
any party.

     Section 10.10 FURTHER ASSURANCES. Each party shall do and perform, or cause
to be done and  performed,  all such further acts and things,  and shall execute
and deliver all such other agreements, certificates,  instruments and documents,
as the other party may  reasonably  request in order to carry out the intent and
accomplish  the  purposes  of  this  Agreement  and  the   consummation  of  the
transactions contemplated hereby.

     Section 10.11 NO STRICT  CONSTRUCTION.  The language used in this Agreement
will be deemed to be the language  chosen by the parties to express their mutual
intent, and no rules of strict construction will be applied against any party.

     Section 10.12 EQUITABLE  RELIEF.  The Company  recognizes that in the event
that it fails to perform,  observe,  or discharge any or all of its  obligations
under this  Agreement,  any remedy at law may prove to be  inadequate  relief to
Investor.  The  Company  therefore  agrees  that  Investor  shall be entitled to
temporary and permanent injunctive relief in any such case without the necessity
of proving actual damages.

     Section 10.13 TITLE AND  SUBTITLES.  The titles and subtitles  used in this
Agreement are used for the convenience of reference and are not to be considered
in construing or interpreting this Agreement.

     Section 10.14 REPORTING  ENTITY FOR THE COMMON STOCK.  The reporting entity
relied  upon for the  determination  of the  Closing  Price and the VWAP for the
Common Stock on any given Trading Day for the purposes of this  Agreement  shall
be Bloomberg Finance L.P. or any successor  thereto.  The written mutual consent
of  Investor  and the Company  shall be  required to employ any other  reporting
entity.

     Section 10.15  PUBLICITY.  The Company and Investor shall consult with each
other in issuing any press releases or otherwise  making public  statements with

                                       16
<PAGE>
respect to the  transactions  contemplated  hereby and no party  shall issue any
such press release or otherwise make any such public statement without the prior
written  consent of the other parties,  which consent shall not be  unreasonably
withheld or  delayed,  except  that no prior  consent  shall be required if such
disclosure  is required by law,  in which such case the  disclosing  party shall
provide  the  other  parties  with  prior  notice  of  such  public   statement.
Notwithstanding the foregoing,  the Company shall not publicly disclose the name
of Investor  without the prior written  consent of such Investor,  except to the
extent  required by law.  Investor  acknowledges  that this Agreement and all or
part of the  Transaction  Documents may be deemed to be "material  contracts" as
that term is defined by Item  601(b)(10) of Regulation S-K, and that the Company
may  therefore  be  required  to file such  documents  as exhibits to reports or
registration  statements  filed under the  Securities  Act or the Exchange  Act.
Investor  further  agrees that the status of such  documents  and  materials  as
material  contracts shall be determined  solely by the Company,  in consultation
with its counsel.

                         [SIGNATURES ON FOLLOWING PAGE]

                                       17
<PAGE>
                                [SIGNATURE PAGE]

     IN WITNESS  WHEREOF,  the parties  hereto have caused this Equity  Purchase
Agreement to be executed by the undersigned,  thereunto duly  authorized,  as of
the date first set forth above.

                                    SOUTHRIDGE PARTNERS II, LP

                                    By: Southridge Advisors LLC

                                    By: /s/ Stephen Hicks
                                       -----------------------------------------
                                    Name:  Stephen Hicks
                                    Title: Manager

                                    STEVIA CORP.

                                    By: /s/ George Blankenbaker
                                       -----------------------------------------
                                    Name:  George Blankenbaker
                                    Title: President

                                       18
<PAGE>
                                    EXHIBITS

                         EXHIBIT A      Put Notice

                         EXHIBIT B      Closing Certificate

<PAGE>
                                    EXHIBIT A

                               FORM OF PUT NOTICE

TO: SOUTHRIDGE PARTNERS II, LP

We  refer  to  the  Equity  Purchase  Agreement  dated  ___________,  2012  (the
"Agreement")  entered into by Stevia Corp. (the "Company") and you.  Capitalized
terms defined in the Agreement shall,  unless otherwise  defined,  have the same
meaning when used herein.

We hereby:

1.   Give you notice that we require you to purchase $_________ (the "Investment
     Amount") in Put Shares; and

2.   Certify  that,  as of the date hereof,  to the best of our  knowledge,  the
     conditions set forth in Section 7.2 of the Agreement are satisfied.

Date: _____________, 20__

                                 [_____________________________]

                                 By: __________________________
                                 Name:
                                 Title: Chief Executive Officer

<PAGE>
                                    EXHIBIT B

                                     FORM OF

                   CERTIFICATE OF THE CHIEF EXECUTIVE OFFICER

                                       OF

                                  STEVIA CORP.

     Pursuant to Section 7.2(m) of that certain Equity Purchase  Agreement dated
___________________2012  (the  "Agreement")  by  and  between  the  Company  and
Southridge Partners II, LP (the "Investor"), the undersigned, in his capacity as
the Chief  Executive  Officer of Stevia Corp.  (the  "Company"),  and not in his
individual  capacity,  hereby  certifies,  as of the date hereof (such date, the
"Condition Satisfaction Date"), the following:

     1. The  representations  and warranties of the Company are true and correct
in all material respects as of the Condition Satisfaction Date as though made on
the  Condition  Satisfaction  Date (except for  representations  and  warranties
specifically  made as of a particular date) with respect to all periods,  and as
to all events and  circumstances  occurring  or  existing to and  including  the
Condition  Satisfaction  Date,  except for any conditions which have temporarily
caused  any  representations  or  warranties  of the  Company  set  forth in the
Agreement  to be  incorrect  and which have been  corrected  with no  continuing
impairment to the Company or Investor; and

     2. All of the  Company's  conditions to Closing set forth in Section 7.2 of
the Agreement have been satisfied as of the Condition Satisfaction Date.

     Capitalized  terms used  herein  shall have the  meanings  set forth in the
Agreement unless otherwise defined herein.

     IN WITNESS WHEREOF, the undersigned has hereunto affixed his hand as of the
___ day of ____________, 20__.

                                 By: ______________________________________

                                     _______________Chief Executive OfficerTHIRD
AMENDED AND RESTATED EMPLOYMENT AGREEMENT

This EMPLOYMENT
AGREEMENT (this “Agreement”), made and entered into as of March 4, 2004 by and among 1st United Bancorp, Inc.,
a business corporation organized and operating under the laws of the State of Florida (the “Company”), 1st United
Bank, a commercial bank organized and operating under the laws of the State of Florida (the “Bank”), and
Warren S. Orlando, an individual residing at 21731 Frontenac Court, Boca Raton, FL 33433 (the “Executive”),
is amended and restated, effective January 24, 2012.

WITNESSETH:

WHEREAS,
the Executive has agreed to serve as Chairman of each of the Company and the Bank; and

WHEREAS,
the Company, the Bank and the Executive entered into an Employment Agreement dated March 4, 2004 (the “Agreement”),
as amended on January 1, 2007, December 18, 2008 and December 20, 2011, and the parties desire to amend the Agreement; and

WHEREAS,
the Executive is willing to serve the Company and the Bank on the terms and conditions hereinafter set forth;

NOW,
THEREFORE, in consideration of the Executive’s employment and the mutual covenants herein contained, the Company,
the Bank and the Executive hereby agree that the terms of the Agreement are hereby modified and, to the extent inconsistent with
the terms of the Agreement, superseded as follows. All other provisions of the Agreement remain as described in the Agreement.
All capitalized terms not defined herein shall have the meanings ascribed to them in the Agreement:

Section
1.               
Employment. Each of the Company and the Bank agrees to employ the Executive as the Chairman of the Company and of the
Bank, and the Executive hereby agrees to such employment, during the period and upon the terms and conditions set forth in this
Agreement.

Section
2.               
Employment Period; Remaining Unexpired Employment Period.     

(a)               
The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under
this Section 2 (“Employment Period”). The Employment Period shall be for an initial term of three (3) years beginning
on the date of this Agreement and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are
provided pursuant to Section 2(b).

    	 

    	 

    
(b)              
Beginning on the date of this Agreement, the Employment Period shall automatically be extended for one (1) additional day
each day, unless either the Company and the Bank, acting jointly, or the Executive elects not to extend the Agreement further
by giving written notice to the other parties, in which case the Employment Period shall end on the third anniversary of the date
on which such written notice is given. For all purposes of this Agreement, the term “Remaining Unexpired Employment Period”
as of any date shall mean the period beginning on such date and ending on: (i) if a notice of non-extension has been given in
accordance with this Section 2(b), the third anniversary of the date on which such notice is given; and (ii) in all other cases,
the third anniversary of the date as of which the Remaining Unexpired Employment Period is being determined. Upon termination
of the Executive’s employment with the Company and the Bank for any reason whatsoever, any daily extensions provided pursuant
to this Section 2(b), if not therefore discontinued, shall automatically cease.

(c)               
Subject to Section 3, nothing in this Agreement shall be deemed to prohibit the Company or the Bank from terminating the
Executive’s employment at any time during the Employment Period with or without notice for any reason; provided, however,
that the relative rights and obligations of the Company, the Bank and the Executive in the event of any such termination shall
be determined under this Agreement.

Section
3.               
Duties. The Executive shall serve as Chairman of each of the Company and the Bank, having such power, authority and
responsibility and performing such duties as are prescribed by or under the Bylaws of the Company and the Bank and as are customarily
associated with such position. The Executive shall at all times report to the Boards of Directors of the Company and the Bank.
All decisions by the Boards of Directors of the Company and the Bank concerning the Executive’s employment, including without
limitation, the termination of the Executive, shall require the prior written consent of at least eighty percent (80%) of the
entire Board of Directors (not including the vote of the Executive), and the Company and the Bank shall adopt and maintain their
Bylaws and other organizational documents to reflect such vote requirement. The Company and the Bank shall provide evidence of
such written consent to the Executive as to any actions that require such written consent.

    	-2-

    	 

    
Section
4.               
Cash Compensation. In consideration for the services to be rendered by the Executive hereunder, the Company and/or
the Bank, in such combination thereof as may be agreed by the Boards of Directors of the Company and the Bank, shall pay to the
Executive a salary at an initial annualized rate of SIXTY-TWO THOUSAND FIVE HUNDRED AND NO/100 DOLLARS ($62,500.00), payable in
approximately equal installments in accordance with the Company’s and/or the Bank’s customary payroll practices for
senior officers less applicable payroll taxes. Commencing on the first day of the calendar month subsequent to the later to occur
of (a) the day that the Company and the Bank have consolidated total assets of at least $150 million, and (b) the last day of
the month during which the Company achieves its first month of profitability on a consolidated basis, the Executive’s salary
shall be automatically increased to a minimum annual rate of ONE HUNDRED TWENTY-FIVE THOUSAND AND NO/100 DOLLARS ($125,000.00),
payable in approximately equal installments in accordance with the Company’s and/or the Bank’s customary payroll practices
for senior officers less applicable payroll taxes. Effective January 1, 2012, the Executive's salary shall be increased to a minimum
annual rate of ONE HUNDRED SEVENTY-FIVE THOUSAND AND NO/100 DOLLARS ($175,000), payable in approximately equal installments in
accordance with the Company's and/or the Bank's customary payroll practices for senior officers less applicable payroll taxes.
At least annually after the time that the salary is increased to $175,000 or more and thereafter during the Employment Period,
the Board of Directors of the Bank and/or the Company, or the Compensation Committees thereof, shall review the Executive’s
annual rate of salary and may, in its or their discretion, approve an increase therein; provided, however, that the Executive's
annual rate of salary shall at all times during the Employment Period be equal to fifty percent (50%) of the highest annual rate
of salary paid by the Company and/or Bank during such fiscal year to one of its "Named Executive Officers" (as defined
by the Securities and Exchange Commission ("SEC") in Item 402(a)(3) of its Regulation S-K, or any successor regulation)
(such highest annual rate of salary being hereinafter referred to as the "Highest Executive Salary"). In no event shall
the Executive’s annual rate of salary under this Agreement in effect at a particular time be reduced without his prior written
consent, which consent may be withheld in the Executive’s sole discretion. In addition to his base salary, beginning with
the fiscal quarter of the Company during which the Company achieves its first month of profitability on a consolidated basis,
and for each fiscal quarter thereafter, the Executive shall be paid additional cash compensation (the “Cash Incentive Compensation”)
equal to one percent (1%) of the Company’s consolidated net income before taxes for each such fiscal quarter (excluding
extraordinary items as defined in APB #30 (or any successor bulletin) and excluding restructuring charges and other integration
and reorganization expenses and charges relating to mergers, acquisitions or transactions of similar effect) for financial reporting
purposes, but in no event shall the total Cash Incentive Compensation payable to the Executive with respect to any fiscal year
exceed fifty percent (50%) of the amount of the Highest Executive Salary for such fiscal year . In the event that the period for
which the Cash Incentive Compensation payable to the Executive is less than a full fiscal quarter (e.g., where the effective
date of termination of this Agreement is not as of the end of a quarter), the amount of Cash Incentive Compensation payable to
the Executive shall be calculated by multiplying the Cash Incentive Compensation to which the Executive would have been
entitled for such fiscal quarter (had he been employed for the entire quarter) by a fraction, the numerator of which is the number
of days during such fiscal quarter up to and including the effective date of termination, and the denominator of which is the
number of days in such fiscal quarter. Seventy-five percent (75%) of such Cash Incentive Compensation shall be paid by the Company
to the Executive quarterly, within forty-five (45) days after the end of each such calendar quarter. The remaining twenty-five
percent (25%) of the Cash Incentive Compensation calculated with respect to each fiscal quarter shall be held back by the Company
and the Bank and shall be subject to a clawback based on a comparison of the total net Cash Incentive Compensation that would
have been earned if the calculation were made on an annual basis as opposed to the quarterly calculations; the held-back amount
shall be paid to the Executive within thirty (30) days after the Company has filed its Annual Report on Form 10-K (the "Form
10-K") with the SEC with respect to the fiscal year in question, unless such net annual calculation results in a lower number
than the sum of the positive quarterly calculations, in which event the held-back amount payable at such time shall be reduced
by the amount of such difference. In addition to the foregoing salary and Cash Incentive Compensation, the Executive may receive
other cash compensation from the Company and/or the Bank for services hereunder at such times, in such amounts and on such terms
and conditions as the Boards may determine from time to time. The term “Cash Compensation” shall mean the total of
the Executive’s salary, the Cash Incentive Compensation and any other cash compensation paid to the Executive pursuant to
the immediately preceding sentence, unreduced by any 401(k) plan elective deferrals. The term “Compensation” shall
mean the aggregate of all taxable compensation of any nature whatsoever unless clearly indicated to the contrary in the context
so used.

    	-3-

    	 

    
Section
5.               
Employee Benefit Plans and Programs. During the Employment Period, the Executive shall be treated as an employee of
the Company and the Bank and shall be entitled to participate in and receive benefits pursuant to: (A) any and all employee
pension plans (“Employee Pension Benefit Plans” as that term is defined in the Employee Retirement Income Security
Act of 1974 (“ERISA”) and whether or not such plan is a plan covered by ERISA), including but not limited to all qualified
or non-qualified retirement, pension, savings, profit-sharing or stock bonus plans, and (B) any and all welfare benefit plans
(Employee Welfare Benefit Plans (as that term is defined in ERISA and whether or not such plan is a plan covered by ERISA)) including
but not limited to group life, health (including hospitalization, medical and major medical, prescription drug), dental, accident
and long-term disability insurance plans, and (C) any other employee benefit and compensation plans (including, but not limited
to, any incentive compensation plans or programs, stock option and appreciation rights plans and restricted stock plans) as may
from time to time be maintained by, or cover employees of, the Company or the Bank, in accordance with the terms and conditions
of such employee benefit plans and programs and compensation plans and programs and consistent with the Company’s and the
Bank’s customary practices and whether or not such plans are ERISA plans. Such benefits or plans shall collectively be referred
to as “Employee Benefit Plans.”

Without
regard to the foregoing, the Executive shall affirmatively be provided the following Employee Benefit Plans during the Employment
Period commencing as of the Employment Effective Date without regard to the respective eligibility or terms or conditions of the
Employee Benefit Plans:

(a)               
From the date of this Agreement through December 31, 2011, the Executive shall be granted by the Company, pursuant to terms
as contained in stock option agreements, stock options in an amount equal to three and one-third percent (3.33%) of the issued
and outstanding common stock of the Company from time to time (not including any common stock outstanding as a result of the exercise
by the Executive of options granted to him). Any options issued under this provision on or after January 1, 2007 shall be granted
with an exercise price equal to the fair market value (as defined in Section 409A of the Internal Revenue Code of 1986 (the “Code”))
of the underlying shares of common stock and shall vest and become exercisable in five (5) equal increments on the 12, 24, 36,
48 and 60 month anniversaries after the date of grant; provided, however, that notwithstanding any other provision in the Agreement
to the contrary, in the event (i) the Executive is terminated by the Company not for “cause” as defined in Section
10(a)(i) of the Agreement, (ii) of a Change of Control, (iii) of the death of the Executive, or (iv) of the Disability of the
Executive, then any unvested outstanding options granted under this provision upon the date of one of these events shall become
immediately vested and exercisable upon such date. Such options may be exercised through net share settlements (i.e., the
Company delivers to the Executive an amount of shares of common stock with a current fair value equal to the gain) pursuant to
the terms of the applicable stock option agreement entered into between the Executive and the Company. No additional stock options
shall be issued pursuant to this Section 5(a) after December 31, 2011.

(b)              
The Company shall provide group medical insurance coverage to the Executive, his spouse and his dependent children, and
such plan shall include reasonable coverage for medical, hospital, surgical, prescription drug coverage and major medical expenses.
The Company and/or the Bank shall pay all premium expenses of the Executive, his spouse and his dependent children in connection
with such group medical insurance.

    	-4-

    	 

    
(c)               
The Company shall provide and pay the premium costs of short-term and long-term disability policies to compensate the Executive
in the event of his incapacity due to physical or mental illness, with coverage in an amount equal to at least seventy-five percent
(75%) of the Executive’s highest aggregate annualized Cash Compensation in the three (3) fiscal years immediately preceding
the determination of disability.

(d)              
During the Employment Period, the Executive shall be entitled to six (6) weeks (thirty business days) of vacation in each
calendar year, and shall be compensated with respect thereto in accordance with the Company’s and the Bank’s normal
vacation policies. The Executive shall also be entitled to all paid holidays in accordance with the Company’s and the Bank’s
normal holiday policies.

(e)               
The Company or the Bank shall own and pay the costs of premiums on guaranteed renewable straight term life insurance insuring
the life of the Executive in an amount equal to the lesser of (i) two (2) times the Executive’s base salary or (ii) $125,000.00,
and the Company or Bank shall designate the beneficiary of such policy as such person or persons named by the Executive from time
to time.

(f)               
At the Executive’s election, the Company shall provide to the Executive either (i) an automobile allowance in
the amount of $1,000.00 for each calendar month or portion thereof during the Employment Period, or (ii) the full-time use of
a company car, to be selected by the Executive, which company car shall be replaced at its 24-month anniversary by another company
car to be selected by the Executive. The Executive shall also be provided with a credit card to purchase gasoline for the company
car. Allowances under this Section 5(f) may be made pursuant to either an accountable or non-accountable expense plan for federal
income tax purposes as the Executive may determine.

(g)              
In addition to reimbursements for memberships described in Section 8, the Company and/or the Bank shall reimburse the Executive
for the costs associated with one (1) country club membership and one (1) dining club membership of the Executive’s choosing.

(h)              
Commencing on the first day of the calendar month following the first month that the Company and the Bank have consolidated
total assets of at least $250 million, the Company will begin to accrue for the Supplemental Executive Retirement Plan (the “SERP”),
attached hereto as Exhibit A, for the Executive.

    	-5-

    	 

    
(i)                
Beginning with the filing of the Company's Form 10-K with the SEC in 2012, and annually thereafter during the Employment
Period based on each of the Company's Forms 10-K filed annually thereafter during the Employment Period, the Executive shall be
granted by the Company, within thirty (30) days of the filing of each such Form 10-K and pursuant to the terms as contained in
restricted stock grant agreements, restricted stock grants to the extent earned based on the criteria set forth in Exhibit C attached
hereto and made a part hereof, with the total maximum annual fair market value of such grants equaling fifty percent (50%) of
the Highest Executive Salary for the fiscal year in question (i.e., the fiscal year which is the subject of such Form 10-K). 
Any grants issued under this provision shall vest in ten (10) equal annual increments (provided, however, that all such restricted
stock shall become immediately vested in the event (i) the Executive is terminated by the Company not for "cause" as
defined in Section 10(a)(i) of this Agreement, (ii) of a Change of Control, (iii) of the death of the Executive, or (iv) of the
Disability of the Executive), and the number of shares granted with respect to any year shall be calculated by determining the
portion of the opportunity dollar amount earned in accordance with Exhibit C divided by the fair market value (as defined in Section
409A of the Code) of one share of the Company's common stock as of the close of business on the last business day of February
in the calendar year immediately following the fiscal year in question (provided, however, that if the Company's Form 10-K is
not yet filed with the SEC as of such last business day, then the valuation date shall be the seventh (7th) day after
the date on which such Form 10-K is filed by the Company with the SEC).  A "gross-up" of the Executive's federal
income tax and federal and state payroll tax liabilities resulting from each vesting period will be paid by the Company to the
Executive within thirty (30) days of such vesting.

Section
6.               
Indemnification and Insurance.     

(a)               
During the Employment Period and for a period of six (6) years thereafter, the Company and the Bank shall cause the Executive
to be covered by and named as an insured under any policy or contract of insurance obtained by either to insure its directors
and officers against personal liability for acts or omissions in connection with service as an officer or director of the Company
or the Bank or service in other capacities at the request of the Company or the Bank. The coverage provided to the Executive pursuant
to this Section 6 shall be of the same scope and on the same terms and conditions as the coverage (if any) provided to other officers
or directors of the Company and the Bank.

(b)              
To the maximum extent permitted under applicable law, during the Employment Period and for a period of six (6) years thereafter,
the Company and the Bank shall indemnify the Executive against, and hold him harmless from and pay, any costs, liabilities, losses
and exposures to the fullest extent and on the most favorable terms and conditions that similar indemnification is offered to
any director or officer of the Company, the Bank or any subsidiary or affiliate of either of them, and the Company and the Bank
shall advance such expenses absent an initial determination by the Company and the Bank that the Executive shall have acted in
bad faith.

Section
7.               
Other Activities.     

(a)               
The Executive may serve as a member of the boards of directors of such business, community and charitable organizations
as he may disclose to and as may be approved by the Board of Directors of the Company or the Bank (which approval shall not be
unreasonably withheld); provided, however, that any such service shall not materially interfere with the performance
of his duties under this Agreement. The parties hereby approve the Executive’s activities with the organizations listed
on Exhibit B. The Executive may also engage in personal business and investment activities which do not materially interfere with
the performance of his duties hereunder; provided, however, that such activities are not prohibited under
any code of conduct or investment or securities trading policy established by the Company or the Bank and generally applicable
to all similarly situated executives.

(b)              
If the Executive is discharged or suspended, or is subject to any regulatory prohibition or restriction with respect to
participation in the affairs of the Bank, he shall (subject to the Company’s powers of termination hereunder) continue to
perform services for the Company in accordance with this Agreement but shall not directly or indirectly provide services to or
participate in the affairs of the Bank in a manner inconsistent with the terms of such discharge or suspension or any applicable
regulatory order.

    	-6-

    	 

    
Section
8.               
Working Facilities and Expenses. The Executive’s principal place of employment shall be at the Company’s
and the Bank’s principal offices, or at such other location within Palm Beach County, Florida at which the Company or the
Bank shall maintain executive offices, or at such other location as the Company, the Bank and the Executive may mutually agree
upon. The Company and the Bank shall provide the Executive at his principal place of employment with a private office, secretarial
services and other support services and facilities suitable to his positions with the Company and the Bank and necessary or appropriate
in connection with the performance of his assigned duties under this Agreement. The Company or the Bank shall reimburse the Executive
for his ordinary and necessary business expenses, including, without limitation, all fees for memberships in such clubs (except
only one (1) country club membership and one (1) dining club membership, as described in Section 5(g) above) and organizations
as the Executive and the Company and Bank shall mutually agree are necessary and appropriate for business purposes, continuing
education and his travel (including, without limitation, round-trip travel expenses (including first class airfare) incurred by
Executive between California and Florida whenever he needs to return to Florida for Company or Bank business purposes) and entertainment
expenses incurred in connection with the performance of his duties under this Agreement, in each case upon presentation to the
Company or the Bank of an itemized account of such expenses in such form as the Company or Bank may reasonably require.

Section
9.               
Termination of Employment With Severance Benefits.     

(a)               
The Executive shall be entitled to the severance benefits described herein in the event that his employment with the Company
and the Bank terminates during the Employment Period under any of the following circumstances:

(i)                
The Executive’s voluntary resignation from employment with the Company and the Bank within ninety (90) days following:

(A)            
The failure of the Board of Directors of either the Company or the Bank to appoint or re-appoint or elect or re-elect the
Executive to the office of Chairman of the Company and Chairman of the Bank (or a more senior office, if any);

(B)             
The failure of the stockholders of the Company or Bank to elect or re-elect the Executive to the Board of Directors of
the Company or the Bank, respectively, or the failure of the Board of Directors of the Company or the Bank (or the nominating
committees thereof) to nominate the Executive for such election or re-election;

(C)             
The expiration of a thirty (30) day period following the date on which the Executive gives written notice to the Company
or the Bank (i) of its or their material failure, whether by amendment of the Company’s or the Bank’s Articles of
Incorporation or Bylaws, action of the Company’s or the Bank’s Board of Directors or the Company’s or the Bank’s
stockholders or otherwise, to vest in the Executive the functions, duties or responsibilities prescribed in Section 3 of this
Agreement as of the date hereof, or (ii) that the Company or the Bank has or have prohibited, prevented or otherwise made it reasonably
impracticable for the Executive to perform his functions, duties or responsibilities as prescribed in Section 3 of this Agreement,
unless, in either event, during such thirty (30) day period, the Company or the Bank cures such failure in a manner determined
by the Executive, in his discretion, to be satisfactory;

    	-7-

    	 

    
(D)            
The expiration of a thirty (30) day period following the date on which the Executive gives written notice to the Company
or the Bank of its material breach of any term, condition or covenant contained in this Agreement (including, without limitation,
any reduction of the Executive’s rate of base salary in effect from time to time and any adverse change in the terms and
conditions to the Executive of any Employee Pension Benefit Plan or Employee Welfare Benefit Plan or as to any other compensation
or benefit program in which the Executive participates which, either individually or together with other changes, has or could
have a material adverse effect on the aggregate value of his total compensation package), unless, during such thirty (30) day
period, the Company or the Bank cures such failure in a manner determined by the Executive, in his discretion, to be satisfactory;
or

(E)             
The relocation of the Executive’s principal place of employment, without his written consent (which may be withheld
in the sole discretion of the Executive), to a location outside of Palm Beach County, Florida.

(F)              
The acceptance by the Board of Directors of the Company of the Executive's resignation from such Board of Directors tendered
by the Executive solely as a result of, and pursuant to, the provisions of Article I, Section 11(d), of the Company's Bylaws (or
any successor or similar requirement), provided that such Board of Directors does not determine that facts constituting "cause"
(as defined in Section 10(a)(i) of this Agreement) exist with respect to the Executive.

(ii)              
The termination of the Executive’s employment with the Company or the Bank by the Company or the Bank for any
other
reason not described in Section 10(a).

In such event, the Company
or the Bank shall provide the benefits and pay to the Executive the amounts described in Section 9(b).

(b)              
Upon the termination of the Executive’s employment with the Company and/or the Bank prior to a Change of Control
under any of the events set forth in Sections 9(a)(i) or (ii) during the Employment Period, or upon a Change of Control (as hereinafter
defined), the Company and/or the Bank (jointly and/or severally) shall pay and provide to the Executive (or, upon death then to
the Executive’s estate) the following Severance Benefits:

(i)                
The Executive’s earned but unpaid Cash Compensation (as determined pursuant to Section 4) in effect as of the applicable
Triggering Event Date (as defined below), such payment to be made at the time and in the manner prescribed by law applicable to
the payment of wages but in no event later than thirty (30) days after the applicable Triggering Event Date (provided that
if the Executive has made an irrevocable election under any deferred compensation arrangement subject to Section 409A of the Code
to defer any portion of such Cash Compensation, the terms of the applicable arrangement shall apply to distribution of such portion);
and

    	-8-

    	 

    
(ii)              
If the Triggering Event Date is a termination of employment, the Executive’s vested, accrued benefits in all Employee
Benefit Plans to which the Executive was entitled pursuant to this Agreement as of the date of termination, payable in accordance
with the terms of the applicable Employee Benefit Plan; and

(iii)            
Within thirty (30) days following the effective date of any of the triggering events referred to in the first sentence
in this Section 9(b) (the “Triggering Event Date”), payment of a lump sum amount equal to the product of (A) three
(3), times (B) the average of the two (2) highest total annual amounts of Cash Compensation paid by the Company and/or Bank to
any of its "Named Executive Officers" with respect to the five (5) full fiscal years of the Employment Period immediately
preceding the year in which the Triggering Event Date occurs (such average defined in clause (B) being hereinafter referred to
as the "Highest Total Cash Compensation"). Such lump sum shall not be reduced to a present value and shall be paid in
addition to any other Compensation payments otherwise provided hereunder; and

(iv)            
Within thirty (30) days following the Triggering Event Date, payment of a lump amount equal to the excess, if any, of:

(A)            
The present value of both the current and future accrued benefits in each Employee Pension Benefit Plan that is a defined
benefit plan to which the Executive would have been entitled (which shall be computed based on the Highest Total Cash Compensation
and at the same rate of Employee Pension Benefit Plan funding and/or benefit accrual, determined separately for each such Employee
Pension Benefit Plan or as historically had been contributed, whichever is greater, for an Employment Period concluding on the
third anniversary of the Triggering Event Date as if the Executive had continued working for the Company and the Bank for
the Employment Period consisting of such three additional plan years). Such benefits shall be determined separately for each such
Employee Pension Benefit Plan in effect as of the termination date; over

(B)             
The present value of the accrued benefits to which the Executive is actually entitled under each such Employee Pension
Benefit Plan that is a defined benefit plan as of the Triggering Event Date using comparable actuarial assumptions (where
applicable) as then being utilized by such respective plan. In computing the present value of such lump sum payment, the annualized
rate of interest prescribed by the Pension Benefit Guaranty Corporation for the computation of the value of lump sum payments
otherwise payable under terminating single employer defined benefit plans for the month in which the Executive’s termination
of employment occurs (“Applicable PBGC Rate”) shall be utilized; and

    	-9-

    	 

    
(v)              
Within thirty (30) days following the Triggering Event Date, a lump sum payment in an amount equal to the present value
of the additional employer contributions (or if greater in the case of a leveraged employee stock ownership plan or similar arrangement,
the additional assets allocable to him through debt service, based on the fair market value of such assets at termination of employment)
to which he would have been entitled under any and all qualified and non-qualified defined contribution plans maintained by, or
covering employees of, the Company or the Bank, as if he were 100% vested thereunder and continued working for the Company and
the Bank for a period of three years after the Triggering Event Date based on the Highest Total Cash Compensation achieved during
that portion of the Employment Period which is prior to the Triggering Event Date, and making the maximum amount of employee contributions,
if any, required under such plan or plans, such present value to be determined on the basis of a discount rate, compounded using
the compounding period that corresponds to the frequency with which employer contributions are made to the relevant Employee Pension
Benefit Plan; and

(vi)            
Subject to Section 26 of this Agreement, for fifteen years following the date of termination of employment (the “Benefits
Period”), the Bank and/or Company shall provide the Executive and his spouse and eligible dependents with medical and dental
insurance coverage (the “Health Care Benefits”) and life insurance benefits no less favorable than those which the
Executive and his spouse and eligible dependents were receiving immediately prior to the date of termination of employment; provided,
however, that the Health Care Benefits shall be provided during the Benefits Period in such a manner that such benefits
are excluded from the Executive’s income for federal income tax purposes; provided, further, however, that if the
Executive becomes re-employed with another employer and is eligible to receive health care benefits under another employer-provided
plan, the health care benefits provided hereunder shall be secondary to those provided under such other plan during such applicable
period of eligibility. The receipt of the Health Care Benefits shall be conditioned upon the Executive continuing to pay the monthly
premium as in effect at the Company from time to time for coverage provided to former employees under Section 4980B of the Code
in respect of the level of coverage in effect for the Executive and his spouse and dependents (i.e., single, single plus
one, or family) (the “Applicable COBRA Premium”). During the portion of the Benefits Period in which the Executive
and his eligible dependents continue to receive coverage under the Company’s Health Care Benefits plans, the Company shall
pay to the Executive a monthly amount equal to the Applicable COBRA Premium in respect of the maximum level of coverage that the
Executive could otherwise elect to receive for the Executive and the Executive’s spouse and eligible dependents if the Executive
were still an employee of the Company during the Benefits Period regardless of what level of coverage is actually elected, which
payment shall be paid in advance on the first payroll day of each month, commencing with the month immediately following the Executive’s
date of termination of employment.

    	-10-

    	 

    
Notwithstanding the foregoing
provisions of this Section 9(b), (x) in the event that the Executive is a Specified Employee (as defined in the SERP) as of the
date of termination of employment, amounts payable under Sections 9(b)(iii-v) due to a qualifying termination of employment that
constitute a “nonqualified deferred compensation plan” within the meaning of Section 409A of the Code that would otherwise
be payable during the six-month period immediately following the date of termination of employment shall instead be paid, with
interest on any delayed payment at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code determined as
of the date of termination of employment, on the first business day after the date that is six months following the Executive’s
date of termination of employment (the “Delayed Payment Date”), and (y) in the event that amounts are payable under
Sections 9(b)(iii)-(v) due to a Change of Control but such Change of Control does not constitute a change in the ownership or
effective control of the Company or the Bank, or in the ownership of a substantial portion of the assets of the Company or the
Bank (as defined in Section 409A of the Code and regulations thereunder), such amounts shall instead be paid, with interest at
the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code determined as of the date of the Change of Control,
on the first to occur of the Executive’s termination of employment (or, if the Executive is a Specified Employee on such
date, the Delayed Payment Date) or a change in the ownership or effective control of the Company or the Bank, or in the ownership
of a substantial portion of the assets of the Company or the Bank (each as defined in Section 409A of the Code and regulations
thereunder). The Company, the Bank and the Executive hereby stipulate that the damages which may be incurred by the Executive
following any such termination of employment are not capable of accurate measurement as of the date first above written and that
the payments and benefits contemplated by this Section 9(b) constitute reasonable liquidated damages under the circumstances and
shall be payable without any requirement of proof of actual damage and without regard to the Executive’s efforts, if any,
to mitigate damages. The Company, the Bank and the Executive further agree that the Company and the Bank may condition the payments
and benefits (if any) due under Sections 9(b)(iii), (iv), (v) and (vi) on the receipt of the Executive’s resignation from
any and all positions which he holds as an officer, director or committee member with respect to the Company, the Bank or any
subsidiary or affiliate of either.

(c)               
Upon the termination of the Executive’s employment with the Company and/or the Bank under any of the events set forth
in Sections 9(a)(i), 9(a)(ii), 10(a)(iii) or 10(a)(iv) during the Employment Period, or upon a Change of Control (as hereinafter
defined) (including under terminations referred to in Section 11(c) hereof), any options to purchase the Company’s stock
and any restricted stock grants granted to the Executive by the Company shall immediately vest, and such options may be exercised
in accordance with the terms of such option grants at any time on or prior to their original expiration date.

(d)              
The parties shall take all steps necessary (including with regard to any post-termination services by the Executive) to
ensure that the date of any termination of employment hereunder constitutes a “Separation from Service” (as defined
in the SERP).

Section
10.           
Termination without Additional Company or Bank Liability.     

(a)               
In the event that the Executive’s employment with the Company and the Bank shall terminate during the Employment Period on account of:

    	-11-

    	 

    
(i)                
The discharge of the Executive for “cause,” which, for purposes of this Agreement shall mean: (A) the Executive
intentionally engages in dishonest conduct in connection with his performance of services for the Company or the Bank resulting
in his conviction of a felony; (B) the Executive is convicted of, or pleads guilty or nolo contendere to, a felony or any
crime involving moral turpitude; (C) the Executive willfully fails or refuses to perform his duties under this Agreement and fails
to cure such breach within sixty (60) days following written notice thereof from the Company or the Bank; (D) the Executive
breaches his fiduciary duties to the Company or the Bank for personal profit; or (E) the Executive’s willful breach or violation
of any law, rule or regulation (other than traffic or boating violations or similar offenses), or final cease and desist order
in connection with his performance of services for the Company or the Bank;

(ii)              
The Executive’s voluntary resignation from employment with the Company and the Bank for reasons other than those
specified in Section 9(a), 9(b), 11(b) or 11(c);

(iii)            
The Executive’s death; or     

(iv)            
A determination that the Executive is disabled (“Disability”) and eligible for long-term disability benefits
under the Company’s or the Bank’s long-term disability insurance program or, if there is no such program, under the
federal Social Security Act;

then the Company and the Bank
shall have no further obligations under this Agreement, other than the payment to the Executive (or, in the event of his death,
to his estate) of his earned but unpaid Compensation as of the date of the termination of his employment (provided that
if the Executive has made an irrevocable election under any deferred compensation arrangement subject to Section 409A of the Code
to defer any portion of such Compensation, the terms of the applicable arrangement shall apply to distribution of such portion),
and the provision of such other benefits, if any, to which he is entitled as a former employee under the employee benefit plans
and programs and compensation plans and programs maintained by, or covering employees of, the Company or the Bank. Notwithstanding
the foregoing, in the event of the Executive’s death during the Employment Period, the Company or the Bank shall: (X) pay
to his estate an amount equal to three months’ Cash Compensation within thirty days after appointment of the personal representative
of such estate, and (Y) shall continue to provide the medical benefits described in Section 9(b)(vi) to the Executive’s
spouse and dependent children for the period set forth Section 9(b)(vi). Upon the Executive’s retirement at age 65 (or at
age 55 through age 64 if a majority of the members of the Company’s Board of Directors confirms that this provision shall
be effective in connection with such retirement) the Company and/or the Bank shall continue to provide to the Executive (and his
spouse and dependent children, with respect to health benefits) the health and life insurance benefits described in Section 9(b)(vi)
for the period set forth in such section; provided that such retirement is a Separation From Service (as defined in the SERP).

(b)              
In the event that the Executive’s employment with the Company and the Bank shall terminate during the Employment
Period on account of any of the events set forth in Sections 10(a)(i) or 10(a)(ii), any options to purchase the Company’s
stock and any restricted stock grants granted to the Executive by the Company that have fully vested may be retained by the Executive
(or, upon death, then by the Executive’s estate) and such options may be exercised in accordance with the terms of such
option grants at any time on or prior to their original expiration date. Any unvested portion of the options and restricted stock
grants granted to the Executive will automatically lapse and become null and void as of the date of termination and no further
vesting of any option or restricted stock grant will occur.

    	-12-

    	 

    
(c)               
For purposes of Section 10(a)(i), no act or failure to act, on the part of the Executive, shall be considered “intentional”
or “willful” unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief
that the Executive’s action or omission was in the best interests of the Company and the Bank. Any act, or failure to act,
based upon authority given pursuant to a resolution duly adopted by the Board of Directors of the Company or the Bank or based
upon the written advice of counsel for the Company or the Bank shall be conclusively presumed to be done, or omitted to be done,
by the Executive in good faith and in the best interests of the Company and the Bank. The cessation of employment of the Executive
shall not be deemed to be for “cause” within the meaning of Section 10(a)(i) unless and until there shall have been
delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of at least eighty percent (80%) of the
entire Board of Directors of the Company or the Bank, as the case may be (not including the Executive), at a meeting of such Board
called and held for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity,
together with counsel, to be heard before such Board), finding that, in the good faith opinion of such Board, the Executive is
guilty of the conduct described in Section 10(a)(i) above, and specifying the particulars thereof in detail.

Section
11.           
Change of Control.     

(a)               
A Change of Control (“Change of Control”) shall be deemed to have occurred
upon the happening of any of the following events:

(i)                
Approval by the stockholders of the Company of a transaction that would result in the reorganization, merger or consolidation
of the Company with one or more other persons, other than a transaction following which:

(A)            
At least 50.1% of the common stock or equity ownership interests of the entity resulting from such transaction are beneficially
owned (within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”))
in substantially the same relative proportions by persons who, immediately prior to such transaction, beneficially owned (within
the meaning of Rule 13d-3 promulgated under the Exchange Act) at least 50.1% of the outstanding common stock or equity ownership
interests in the Company; and

(B)             
At least 50.1% of the combined voting power of the securities entitled to vote generally in the election of directors of
the entity resulting from such transaction are beneficially owned (within the meaning of Rule 13d-3 promulgated under the Exchange
Act) in substantially the same relative proportions by persons who, immediately prior to such transaction, beneficially owned
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) at least 50.1% of the combined voting power of the securities
entitled to vote generally in the election of directors of the Company; and

(C)             
No person, or persons acting in concert, beneficially own (within the meaning of Rule 13d-3 promulgated under the Exchange
Act) 20% or more of the outstanding common stock or equity ownership interests in, or 20% or more of the combined voting power
of the securities entitled to vote generally in the election of directors of, the entity resulting from such transaction; and

    	-13-

    	 

    
(D)            
At least a majority of the members of the board of directors of the entity resulting from such transaction are individuals
who were described in Sections 11(a)(iv)(A) or (B) of this Agreement as of the date of execution of the initial definitive agreement
providing for such transaction (or, if earlier, as of the date on which the Board of Directors of the Company authorized such
transaction).

(ii)              
The acquisition of all or substantially all of the assets of the Company or beneficial ownership (within the meaning of
Rule 13d-3 promulgated under the Exchange Act) of 20% or more of the outstanding securities or of the combined voting power of
the outstanding securities of the Company entitled to vote generally in the election of directors by any person or by any persons
acting in concert, or approval by the stockholders of the Company of any transaction which would result in such an acquisition;

(iii)            
A complete liquidation or dissolution of the Company, or approval by the stockholders of the Company of a plan for such
liquidation or dissolution; or

(iv)            
The occurrence of any event if, immediately following such event, at least 50% of the members of the board of directors
of the Company (or the Company’s successor) do not belong to any of the following groups:

(A)            
Individuals who were members of the Board of the Company on the date of this Agreement; or

(B)             
Individuals who first became members of the Board of the Company after the date of this Agreement either:

(1)              
Upon election to serve as a member of the Board of Directors of the Company by affirmative vote of three-quarters of the
members of such Board, or of a nominating committee thereof, in office at the time of such first election; or

(2)              
Upon election by the stockholders of the Company to serve as a member of the Board of the Company, but only if nominated
for election by affirmative vote of three-quarters of the members of the Board of Directors of the Company, or of a nominating
committee thereof, in office at the time of such first nomination;

provided, however, that
such individuals’ election or nomination did not result from an actual or threatened election contest or other actual or
threatened solicitation of proxies or consents (within the meaning of Rule 14a-1 of Regulation 14A promulgated under the Exchange
Act) other than by or on behalf of the Board of the Company; or

(v)              
Any event which would be described in Section 11(a)(i), (ii), (iii) or (iv) if the term “Bank” were substituted
for the term “Company” therein.

    	-14-

    	 

    
In no event, however, shall
a Change of Control be deemed to have occurred as a result of any acquisition of securities or assets of the Company, the Bank,
or a subsidiary of either of them, by the Company, the Bank, or a subsidiary of either of them, or by any employee benefit plan
maintained by any of them. For purposes of this Section 11(a), the term “person” shall include the meaning assigned
to it under section 13(d)(3) or 14(d)(2) of the Exchange Act.

(b)              
In the event of a Change of Control, the Executive shall be entitled to the payments and benefits contemplated by Section
9(b)(i) and 9(b)(iii)-(v), such payments to be due and payable to the Executive by the Company and the Bank prior to or simultaneously
with the closing of the transaction or event constituting a Change of Control under this Section 11 (but subject to the final
paragraph of Section 9(b)).

(c)               
In the event of a Change of Control, the Executive shall also be entitled to the payments and benefits contemplated by
Section 9(b)(vi) in the event of his termination of employment with the Company or the Bank under any of the circumstances described
in Section 9(a) of this Agreement or under any of the following circumstances:

(i)                
Resignation, voluntary or otherwise, by the Executive at any time during the Employment Period following his demotion,
loss of title, office or significant authority or responsibility, or following any reduction in any element of his package of
compensation and benefits;

(ii)              
Resignation, voluntary or otherwise, by the Executive at any time during the Employment Period following any relocation
of his principal place of employment or any change in working conditions at such principal place of employment which the Executive,
in his reasonable discretion, determines to be embarrassing, derogatory or otherwise adverse;

(iii)            
Resignation, voluntary or otherwise, by the Executive at any time during the Employment Period following the failure of
any successor to the Company in the Change of Control to include the Executive in any compensation or benefit, program maintained
by it or covering any of its executive officers, unless the Executive is already covered by a substantially similar plan of the
Company or the Bank which is at least as favorable to him; or

(iv)            
Resignation, voluntary or otherwise, for any reason whatsoever following the effective date of the Change of Control.

Section
12.           
Tax Indemnification.     

(a)               
This Section 12 shall apply in the event of (i) a Change of Control (as defined in Section 11 of this Agreement); or (ii)
a change “in the ownership or effective control” of the Company or the Bank or “in the ownership of a substantial
portion of the assets” of the Company or the Bank within the meaning of section 280G of the Code. If this Section 12 applies,
then, if for any taxable year the Executive shall be liable for the payment of an excise tax under section 4999 of the Code with
respect to any payment in the nature of Compensation made by the Company, the Bank or any direct or indirect subsidiary or affiliate
of the Company or the Bank to (or for the benefit of) the Executive, the Company or the Bank shall pay with respect to the Executive
an amount equal to X determined under the following formula:

    	-15-

    	 

    
 

	X
    =	E
    x P
	 	1
    – [(FI x (1 – SLI)) + SLI + E + M]
	Where	 
	 	 
	E =	the rate at which
    the excise tax is assessed under section 4999 of the Code;
	 	 
	P =	the amount with
    respect to which such excise tax is assessed, determined without regard to this Section 12;
	 	 
	FI =	the highest marginal
    rate of income tax applicable to the Executive under the Code for the taxable year in question;
	 	 
	SLI =	the sum of the highest
    marginal rates of income tax applicable to the Executive under all applicable state and local laws for the taxable year in
    question; and
	 	 
	M =	the highest marginal
    rate of Medicare tax applicable to the Executive under the Code for the taxable year in question.

 

With respect to any payment
in, the nature of Compensation that is made to (or for the benefit of) the Executive under the terms of this Agreement, or otherwise,
and on which an excise tax under section 4999 of the Code will be assessed, the payment determined under this Section 12(a) shall
be remitted to the Internal Revenue Service or other applicable state or local taxing authority on the earlier of (i) the date
the Company, the Bank or any direct or indirect subsidiary or affiliate of the Company or the Bank is required to withhold such
tax, or (ii) the date the tax is required to be paid by the Executive and shall in no event be paid later than the end of the
Executive’s taxable year next following the Executive’s taxable year in which the underlying excise tax under section
4999 of the Code (and any income or other related taxes or interest or penalties thereon) are remitted to the Internal Revenue
Service or any other applicable taxing authority or, in the case of amounts relating to a claim described in Section 12(c) that
does not result in the remittance of any federal, state, local and foreign income, excise, social security and other taxes, the
calendar year in which the claim is finally settled or otherwise resolved. The determination of the amount due hereunder shall
be made by Ernst & Young, or such other accounting firm as the parties may mutually agree upon (the “Accounting Firm”).
In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change
of Control, the parties shall appoint another nationally recognized accounting firm to make the determination required hereunder
(which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm
shall be borne solely by the Company.

    	-16-

    	 

    
(b)              
Notwithstanding anything in this Section 12 to the contrary, in the event that the Executive’s liability for the
excise tax under section 4999 of the Code for a taxable year is subsequently determined to be different than the amount determined
by the formula (X + P) x E, where X, P and E have the meanings provided in Section 12(a), the Executive or the Company or Bank,
as the case may be, shall pay to the other party, at the time that the amount of such excise tax is finally determined, an appropriate
amount, plus interest, such that the payment made under Section 12(a), when increased by the amount of the payment made to the
Executive under this Section 12(b) by the Company or the Bank, or when reduced by the amount of the payment made to the Company
or Bank under this Section 12(b) by the Executive, equals the amount that should have properly been paid under Section 12(a).
The interest paid under this Section 12(b) shall be determined at the rate provided under section 1274(b)(2)(B) of the Code. To
confirm that the proper amount, if any, was paid under this Section 12, the Executive shall furnish to the Company and the Bank
a copy of each tax return which reflects a liability for an excise tax payment made by the Company or the Bank, at least 20 days
before the date on which such return is required to be filed with the Internal Revenue Service.

(c)               
The Executive shall notify the Company and the Bank in writing of any claim by the Internal Revenue Service that, if successful,
would require the payment by the Company of additional amounts hereunder. Such notification shall be given as soon as practicable
but no later than ten business days after the Executive is informed in writing of such claim and shall apprise the Company and
the Bank of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such
claim prior to the expiration of the thirty day period following the date on which it gives such notice that any payment of taxes
with respect to such claim is due. If the Company or the Bank notifies the Executive in writing prior to the expiration of such
period that it desires to contest such claim, the Executive shall:

(i)                
Give the Company or the Bank any information reasonably requested by the Company or the Bank relating to such claim;

(ii)              
Take such action in connection with contesting such claim as the Company or the Bank shall reasonably request in writing
from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably
selected by the Company or the Bank;

(iii)            
Cooperate with the Company or the Bank in good faith in order effectively to contest such claim; and

(iv)            
Permit the Company and the Bank to participate in any proceedings relating to such claim;

provided, however,
that the Company or the Bank shall bear and pay directly all costs and expenses (including additional interest and penalties)
incurred in connection with such contest and shall indemnify and hold the Executive harmless, on an after-tax basis, for any excise
tax or income tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment
of costs and expenses. Notwithstanding the foregoing, the Executive shall control the conduct of any such proceeding and all decisions
relating to the settlement or other disposition thereof.

    	-17-

    	 

    
(d)              
The provisions of this Section 12 are designed to reflect the provisions of applicable federal, state and local tax laws
in effect on the date of this Agreement. If, after the date hereof, there shall be any change in any such laws, this Section 12
shall be modified in such manner as the Executive and the Company and the Bank may mutually agree upon if and to the extent necessary
to assure that the Executive is fully indemnified against the economic effects of the tax imposed under section 4999 of the Code
or any similar federal, state or local tax.

(e)               
Notwithstanding any other provision of this Section 12, the Company and/or the Bank may, in its sole discretion, withhold
and pay over to the Internal Revenue Service or any other applicable taxing authority, for the benefit of the Executive, all or
any portion of any payment pursuant to Section 12(a), and the Executive hereby consents to such withholding.

Section
13.           
Confidentiality. Unless he obtains the prior written consent of the Company and the Bank, the Executive shall keep
confidential and shall refrain from using for the benefit of himself, or any person or entity other than the Company or any entity
which is a subsidiary of the Company or of which the Company is a subsidiary, any material document or information obtained from
the Company, or from its parent or subsidiaries, in the course of his employment with any of them concerning their properties,
operations or business (unless such document or information is readily ascertainable from public or published information or trade
sources or has otherwise been made available to the public through no fault of his own) until the same ceases to be material (or
becomes so ascertainable or available); provided, however, that nothing in this Section 13 shall prevent
the Executive, with or without the Company’s and the Bank’s consent, from participating in or disclosing documents
or information as required by applicable law or in connection with any judicial or administrative investigation, inquiry or proceeding
to the extent that such participation or disclosure is required under applicable law.

Section
14.           
Successors and Assigns. This Agreement will inure to the benefit of and be binding upon the Executive, his legal representatives
and testate or intestate distributees, and the Company and the Bank and their respective successors and assigns, including any
successor by merger or consolidation or a statutory receiver or any other person or firm or corporation to which all or substantially
all of the assets and business of the Company or the Bank may be sold or otherwise transferred. Failure of the Company and the
Bank to obtain from any successors its or their express written assumption of the Company’s and the Bank’s obligations
hereunder at least sixty (60) days in advance of the scheduled effective date of any such succession shall be deemed a material
breach of this Agreement.

Section
15.           
Notices. Any communication required or permitted to be given under this Agreement, including any notice, direction,
designation, consent, instruction, objection or waiver, shall be in writing and shall be deemed to have been given at such time
as it is delivered personally, or five (5) days after mailing if mailed, postage prepaid, by registered or certified mail, return
receipt requested, addressed to such party at the address listed below or at such other address as one such party may by written
notice specify to the other party:

    	-18-

    	 

    
If to the Executive:

Warren S. Orlando

21731 Frontenac Court

Boca Raton, FL 33433

If to the Company:

1st United Bancorp, Inc.

One North Federal Highway

Boca Raton, FL 33432

Attention: Chief Executive Officer

If to the Bank:

1st
United Bank

One North Federal Highway

Boca Raton, FL 33432

Attention: Chief Executive Officer

Section
16.           
Indemnification for Attorney’s Fees. The Company and the Bank shall indemnify, hold harmless and defend the Executive
against reasonable costs, including legal fees, incurred by him in connection with or arising out of any action, suit or proceeding
in which he may be involved, as a result of his efforts, in good faith, to defend or enforce the terms of this Agreement.

Section
17.           
Severability. A determination that any provision of this Agreement is invalid or unenforceable shall not affect the
validity or enforceability of any other provision hereof.

Section
18.           
Waiver. Failure to insist upon strict compliance with any of the terms, covenants or conditions hereof shall not be
deemed a waiver of such term, covenant, or condition. A waiver of any provision of this Agreement must be made in writing, designated
as a waiver and signed by the party against whom its enforcement is sought. Any waiver or relinquishment of any right or power
hereunder at any one or more times shall not be deemed a waiver or relinquishment of such right or power at any other time or
times.

Section
19.           
Counterparts. This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original,
and all of which shall constitute one and the same Agreement.

Section
20.           
Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State
of Florida applicable to contracts entered into and to be performed entirely within the State of Florida.

Section
21.           
Headings and Construction. The headings of sections in this Agreement are for convenience of reference only and are
not intended to qualify the meaning of any section. Any reference to a section number shall refer to a section of this Agreement,
unless otherwise stated.

    	-19-

    	 

    
Section
22.           
Entire Agreement; Modifications. This instrument contains the entire agreement of the parties relating to the subject
matter hereof, and supersedes in its entirety any and all prior agreements, understandings or representations relating to the
subject matter hereof. No modifications of this Agreement shall be valid unless made in writing and signed by the parties hereto.

Section
23.           
Survival. The provisions of Sections 6, 9, 10, 11, 12, 13, 14, and 15 through 28 shall survive the expiration of the
Employment Period or termination of this Agreement.

Section
24.           
Equitable Remedies. Each of the parties acknowledges that the parties will be irreparably damaged (and damages at law
would be an inadequate remedy) if this Agreement is not specifically enforced. Therefore, in the event of a breach or threatened
breach by any party of any provision of this Agreement, then the other parties shall be entitled, in addition to all other rights
or remedies, (a) to an injunction restraining such breach, without being required to show any actual damage or to post an injunction
or other bond, or (b) to a decree for specific performance of the provisions of this Agreement, or both.

Section
25.           
Required Regulatory Provision.

(a)               
Notwithstanding anything herein contained to the contrary, any payments to the Executive by the Company or the Bank, whether
pursuant to this Agreement or otherwise, are subject to and conditioned upon their compliance with section 18(k) of the Federal
Deposit Insurance Act, 12 U.S.C. § 1828(k), and any regulations promulgated thereunder.

(b)              
Nothing in this Agreement shall be construed to subject the Bank or its assets to any contractual obligation undertaken
by the Company hereunder or to liability for any breach by the Company.

Section
26.           
Medicare Supplemental Insurance. Upon the termination of the Executive’s employment pursuant to: (X) Section
9(a); (Y) Section 10(a) (but only if termination of the Executive’s employment is by reason of retirement at
age 65 or at Early Retirement provided that a majority of the Board of Directors of the Company confirms that the Executive is
eligible for Medicare supplemental insurance as provided in this Section 26); or (Z) Sections 11(a)-(c) of this Agreement, the
Company or the Bank shall thereafter provide the Executive and his spouse with health and major medical insurance as set forth
in Section 9(b)(vi). Such health and major medical insurance shall terminate upon the Executive’s attainment of Medicare
eligibility (“Medicare Eligibility Date”). Subsequent to such Medicare Eligibility Date, the Company or the Bank shall
thereafter provide the Executive and his spouse with Medicare supplemental insurance for life, subject to this Section 26, with
health care coverage at the same levels, amounts and co-pay as otherwise required pursuant to Section 9(b) hereof.

    	-20-

    	 

    
Section
27.           
Section 409A. This Agreement is intended to comply with the requirements of Section 409A of the Code or an exemption
or exclusion therefrom and, with respect to amounts that are subject to Section 409A of the Code, shall in all respects be administered
in accordance with Section 409A of the Code. Each payment under this Agreement shall be treated as a separate payment for purposes
of Section 409A of the Code. In no event may the Executive, directly or indirectly, designate the calendar year of any payment
to be made under this Agreement. All reimbursements and in-kind benefits provided under this Agreement that constitute deferred
compensation within the meaning of Section 409A of the Code shall be made or provided in accordance with the requirements of Section
409A of the Code, including, without limitation, that (i) in no event shall reimbursements by the Bank or the Company under this
Agreement be made later than the end of the calendar year next following the calendar year in which the applicable fees and expenses
were incurred, provided, that the Executive shall have submitted an invoice for such fees and expenses at least 10 days before
the end of the calendar year next following the calendar year in which such fees and expenses were incurred; (ii) the amount of
in-kind benefits that the Bank or the Company is obligated to pay or provide in any given calendar year shall not affect the in-kind
benefits that the Bank or the Company is obligated to pay or provide in any other calendar year; (iii) the Executive’s right
to have the Bank or the Company pay or provide such reimbursements and in-kind benefits may not be liquidated or exchanged for
any other benefit; and (iv) in no event shall the Bank’s or the Company’s obligations to make such reimbursements
or to provide such in-kind benefits apply later than the Executive’s remaining lifetime (or if longer, through the 50th
anniversary of the date hereof). Within the time period permitted by the applicable Treasury Regulations, the Company may, in
consultation with the Executive, modify the Agreement, in the least restrictive manner necessary and without any diminution in
the value of the payments to the Executive, in order to cause the provisions of the Agreement to comply with the requirements
of Section 409A of the Code, so as to avoid the imposition of taxes and penalties on the Executive pursuant to Section 409A of
the Code.

    	-21-

    	 

    
Section
28.            Arbitration.
Subject to the parties’ rights to seek equitable remedies under Section 24, all claims for monetary damages and disputes
relating in any way to the performance, interpretation, validity or breach of this Agreement shall be referred to final and binding
arbitration, before a single arbitrator, under the commercial arbitration rules of the American Arbitration Association in Palm
Beach County, Florida. The arbitrator shall be selected by the parties and if the parties are unable to reach agreement on selection
of the arbitrator within ten (10) days after the notice of arbitration is served, then the arbitrator will be selected by the
American Arbitration Association. All documents, materials and information in the possession of a party to this Agreement and
in any way relevant to the claims or disputes shall be made available to the other parties for review and copying not later than
60 days after the notice of arbitration is served. To the extent that a party would be required to make confidential information
available to any other, an agreement or an order shall be entered in the proceeding protecting the confidentiality of and limiting
access to such information before a party is required to produce such information. Information produced by a party shall be used
exclusively in the arbitration or litigation that may arise, and shall not otherwise be disclosed. In no event shall a party be
entitled to punitive damages in any arbitration or judicial proceeding and all parties hereby waive their rights to any punitive
damages. In the event an arbitration panel or a court concludes that the punitive damages waiver contained in the previous sentence
is unenforceable, then the parties agree that the court with subject matter jurisdiction over the confirmation of the award shall
have sole and exclusive jurisdiction to determine issues of entitlement and amount of punitive damages. The arbitrator shall NOT
have subject matter jurisdiction to decide any issues relating to the statute of limitations or to any request for injunctive
relief, and the parties hereby stipulate to stay the arbitration proceeding (without the need of a bond) until any such issues
in dispute are resolved. Judgment upon the award rendered by the arbitrator shall be final, binding and conclusive upon the parties
and their respective administrators, personal representatives, legal representatives, heirs, successors and permitted assigns,
and may be entered in any court of competent jurisdiction.

    	-22-

    	 

    
IN
WITNESS WHEREOF, the Company and the Bank have caused this Agreement to be executed and the Executive has hereunto
set his hand, all as of the day and year first above written.

1st UNITED BANCORP, INC.

 

By: /s/ John Marino                 

Name: John Marino                  

Title: President                          

 

1st UNITED BANK

 

By: /s/ John Marino                 

Name: John Marino                  

Title: Chief Financial Officer and Chief Operating Officer 

 

EXECUTIVE

 

/s/ Warren S. Orlando              

Warren S. Orlando

 

    	-23-

    	 

    
EXHIBIT
A

Supplemental
Executive Retirement Plan

 

    	 

    	 

    
SECOND
AMENDED AND RESTATED 1ST UNITED BANCORP/1sT UNITED BANK

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT

THIS SUPPLEMENTAL
EXECUTIVE RETIREMENT PLAN AGREEMENT (the “Agreement”), originally adopted May 31, 2006 and amended effective December
18, 2008, by and among 1ST UNITED BANCORP, INC., a Florida bank holding company (the “Company”), 1ST
UNITED BANK, a Florida commercial bank (the “Bank”), and WARREN ORLANDO (the “Executive”), is hereby
amended and restated, effective December 20, 2011.

The purpose
of this Agreement is to provide specified benefits to the Executive, a member of a select group of management or highly compensated
employees who contribute materially to the continued growth, development and future business success of the Company and the Bank.
This Agreement shall be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of
1974 (“ERISA”), as amended from time to time. Benefits will be paid from the general assets of the Company and the
Bank.

The Company,
the Bank and the Executive agree as provided herein.

Article
1

Definitions

Whenever
used in this Agreement, the following words and phrases shall have the meanings specified:

Section
1.1           
“Applicable PBGC Rate” shall have the meaning set forth in the Employment Agreement.

Section
1.2           
“Beneficiary” means the estate of the deceased Executive or such other person designated in accordance
with Article 4 that is entitled to benefits, if any, upon the death of the Executive determined pursuant to Article 4.

Section
1.3           
“Board” means the Board of Directors of the Company.     

Section
1.4           
"Cash Compensation" shall have the meaning set forth in the Employment Agreement.

Section
1.5           
“Change in Control” means a change in the ownership or effective control of the Company or the Bank,
or in the ownership of a substantial portion of the assets of the Company or the Bank, as such change is defined in Section 409A
of the Code and regulations thereunder.

Section
1.6           
“Code” means the Internal Revenue Code of 1986, as amended.     

Section
1.7           
“Constructive Early Termination” means that the Executive Separates from Service with the Company or
the Bank for any of the reasons set forth in section 9(a) of the Employment Agreement.

    	 

    	 

    
Section
1.8           
“Disability” means Executive: (i) is unable to engage in any substantial gainful activity by reason
of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last
for a continuous period of not less than twelve (12) months; or (ii) is, by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve
(12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health
plan covering employees of the Bank. Medical determination of Disability may be made by either the Social Security Administration
or by the provider of an accident or health plan covering employees of the Bank. Upon the request of the Plan Administrator, the
Executive must submit proof to the Plan Administrator of the Social Security Administration’s or the provider’s determination.

Section
1.9           
“Early Termination” means a Separation for Service which occurs prior to Normal Retirement Age and Change
in Control, for reasons other than Termination for Cause, death, Disability or Constructive Early Termination.

Section
1.10        “Effective
Date” means June 1, 2006.     

Section
1.11        “Employment
Agreement” means that Employment Agreement dated March 4, 2004 among the Executive, the Company and the Bank, as amended
and restated effective as of the effective date hereof.

Section
1.12        “Final
Base Salary” means the average of the two (2) highest annual rates of base salary paid by the Company and/or the Bank
to any of the Company's Named Executive Officers during the five (5) calendar years preceding the triggering event referred to
in Sections 2.1 and/or 2.2, as applicable (including, as the fifth year, the partial year in which such triggering event occurs).

Section
1.13        "Final
Total Cash Compensation" means the average of the two (2) highest total annual amounts of Cash Compensation paid by the
Company and/or the Bank to any of the Company's Named Executive Officers with respect to the five (5) full calendar years of the
Company immediately preceding the year in which the triggering event referred to in Sections 2.3, 2.4, 2.5 and/or 3.1, as applicable,
occurs.

Section
1.14        "Named
Executive Officers" shall have the meaning ascribed thereto by the Securities and Exchange Commission in Item 402(a)(3)
of its Regulation S-K, or any successor regulation.

Section
1.15        “Normal
Retirement Age” means the Executive’s seventy-fifth (75th) birthday.

Section
1.16        “Normal
Retirement Date” means the later of the Normal Retirement Age or the effective date of Separation from Service.

Section
1.17        “Plan
Administrator” means the plan administrator described in Article 8.     

Section
1.18        “Plan
Year” means each twelve-month period commencing on the Effective Date.

Section
1.19        “Separation
from Service” means the Executive’s separation from service (within the meaning of Section 409A of the Code and
the regulations thereunder) with the Bank and the Company.

    	 

    	 

    
Section
1.20        “Specified
Employee” means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the
Company or the Bank (as determined in accordance with the methodology established by the Company as in effect on the date of the
Executive’s Separation from Service) if any stock of the Company or the Bank is publicly traded on an established securities
market or otherwise.

Section
1.21        “Termination
for Cause” means discharge of the Executive for “cause” as defined in the Employment Agreement.

Section
1.22        “Vesting
Commencement Date” means July 1, 2006, which, for the purposes of this Agreement, is deemed to be the first day of the
calendar month following the calendar quarter in which the Company and the Bank first had consolidated total assets of at least
$250 million, as reported by the Company and the Bank to their banking regulators.

Article
2

Benefits During Lifetime

Section
2.1           
Normal Retirement Benefit. Subject to Sections 2.5 and 2.6, upon Separation from Service on or after the Normal
Retirement Age (for reasons other than death, Constructive Early Termination, Disability, a Change in Control, or Termination
for Cause), the Company and the Bank shall jointly and severally pay to the Executive the benefit described in this Section 2.1
in lieu of any other benefit under this Article.

2.1.1       
Amount of Benefit. The annual benefit under this Section 2.1 is a percentage of the Final Base Salary as set forth
in the following schedule, depending on the Company's calendar year in which the Separation from Service occurs:

	Year
    in Which Separation 

    from Service Occurs	Percentage
        of 

        Final
        Base Salary

	Prior
    to 2013	30%
	2013	35%
	2014	40%
	2015	45%
	2016	50%
	2017	55%
	2018
    and thereafter	60%

2.1.2       
Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments
commencing on the first day of the month following the Executive’s Normal Retirement Date, and continuing on the first of
each month thereafter for a total period of twenty (20) years.

Section
2.2           
Early Termination Benefit. Subject to Sections 2.5 and 2.6, upon Early Termination, the Company and the Bank shall
jointly and severally pay to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

    	 

    	 

    
2.2.1       
Amount of Benefit. The annual benefit under this Section 2.2 is thirty percent (30%) of Final Base Salary (except
that such percentage shall increase as provided in the schedule set forth in Section 2.1.1), subject to the following vesting
schedule. Prior to the Vesting Commencement Date, the Executive shall not be vested in any Early Termination benefits.

	Full
    Calendar Years Subsequent to the 

    Vesting Commencement Date	
Vested
    Portion of Benefit
	1	
    20%	 
	2	40%	 
	3	47.5%	 
	4	55%	 
	5	62.5%	 
	6	70%	 
	7	77.5%	 
	8	85%	 
	9	92.5%	 
	10
    or more	100%	 

 

2.2.2       
Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments
commencing on the first day of the month following the Executive’s attainment of Normal Retirement Age, and continuing on
the first of each month thereafter for a total period of twenty (20) years.

Section
2.3           
Constructive Early Termination Benefit. Subject to Sections 2.5 and 2.6, upon Constructive Early Termination, the
Company and the Bank shall jointly and severally pay to the Executive the benefit described in this Section 2.3 in lieu of any
other benefit under this Article.

2.3.1       
Amount of Benefit. The annual benefit under this Section 2.3 is seventy percent (70%) of the Final Total Cash Compensation.

2.3.2       
Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments
commencing on the first day of the month following the Executive’s Normal Retirement Age, and continuing on the first of
each month thereafter for a total period of twenty (20) years.

Section
2.4           
Disability Benefit. Subject to Sections 2.5 and 2.6, upon Separation from Service due to Disability prior to Normal
Retirement Age, the Company and the Bank shall jointly and severally pay to the Executive the benefit described in this Section
2.4 in lieu of any other benefit under this Article.

2.4.1       
Amount of Benefit. The annual benefit under this Section 2.4 is seventy percent (70%) of the Final Total Cash Compensation.

2.4.2       
Payment of Benefit. The annual benefit shall be paid to the Executive in twelve (12) equal monthly installments
commencing on the first day of the month following the Executive’s Normal Retirement Age, and continuing on the first of
each month thereafter for a total period of twenty (20) years.

    	 

    	 

    
Section
2.5           
Change in Control Benefit. Notwithstanding any provision of this Agreement to the contrary, upon a Change in Control
while the Executive is in the active service of the Company and the Bank, the Company and the Bank shall jointly and severally
pay to the Executive the benefit described in this Section 2.5 in lieu of any other benefit under this Article.

2.5.1       
Amount of Benefit. The benefit under this Section 2.5 shall equal the lump sum present value as of the date of payment,
determined based on the Applicable PBGC Rate for the month of payment, of a hypothetical annual benefit of seventy percent (70%)
of the Final Total Cash Compensation that would be payable in twelve (12) equal monthly installments commencing on the first day
of the month following the Change in Control, and continuing on the first of each month thereafter for a total period of twenty
(20) years.

2.5.2       
Payment of Benefit. The benefit shall be paid to the Executive within thirty (30) days of the Change in Control.

Section
2.6           
Change in Control Following Separation From Service. In the event that a Change in Control occurs following a Separation
From Service with respect to which the Executive has a future entitlement to payments under this Article 2 or under Article 3
but prior to all such payments having been distributed, the present value (determined as of the date of payment, determined based
on the Applicable PBGC Rate for the month of payment) of all such payments not previously distributed shall be paid to the Executive
within thirty (30) days of the Change in Control (which lump sum payment shall serve in lieu of any subsequent payments hereunder).

Section
2.7           
Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Executive
is considered a Specified Employee at Separation from Service under such procedures as established by the Company and the Bank
in accordance with Section 409A of the Code, benefit distributions that are made upon Separation from Service may not commence
earlier than six (6) months after the date of such Separation from Service. Therefore, in the event this Section 2.7 is applicable
to the Executive, any distribution which would otherwise be paid to the Executive within the first six months following the Separation
from Service shall be accumulated and paid to the Executive in a lump sum on the first day of the seventh month following the
Separation from Service. All subsequent distributions shall be paid in the manner specified.

Section
2.8           
Distributions Upon Income Inclusion Under Section 409A of the Code. Upon the inclusion of any portion of the benefits
payable pursuant to this Agreement into the Executive’s income as a result of the failure of this non-qualified deferred
compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered
by the Executive’s vested accrued liability, a distribution shall be made as soon as is administratively practicable following
the discovery of the plan failure.

Section
2.9           
Change in Form or Timing of Distributions. All changes in the form or timing of distributions hereunder must comply
with the following requirements. The changes:

(a)               
may not accelerate the time or schedule of any distribution, except as provided in Section 409A of the Code and the regulations
thereunder;

(b)              
must, for benefits distributable under Sections 2.1, 2.2, 2.3, 2.4 and 2.5, delay the commencement of distributions for
a minimum of five (5) years from the date the first distribution was originally scheduled to be made; and

(c)               
must take effect not less than twelve (12) months after the election is made.

     

    	 

    	 

    
Article
3

Death Benefits

Section
3.1           
Death During Active Service. If the Executive dies prior to a Change in Control while in the active service of the
Company and the Bank, the Company and the Bank shall jointly and severally pay to the Beneficiary the benefit described in this
Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.

3.1.1       
Amount of Benefit. The annual benefit under this Section 3.1 is seventy percent (70%) of the Final Total Cash Compensation.

3.1.2       
Payment of Benefit. The annual benefit shall be paid to the Beneficiary in twelve (12) equal monthly installments
commencing within sixty (60) days following the Executive’s death, and continuing on the first of each month thereafter
until two hundred forty (240) total payments have been made.

Section
3.2           
Death During Payment of a Benefit. If the Executive dies after any benefit payments have commenced under Article
2 of this Agreement but before receiving all such payments, the Company and the Bank shall jointly and severally pay the remaining
benefits to the Beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive
survived.

Section
3.3           
Death After Separation from Service But Before Payment of a Benefit Commences. If the Executive is entitled to any
benefit payments under Article 2 of this Agreement, but dies prior to the commencement of said benefit payments, the Company and
the Bank shall jointly and severally pay the same benefit payments to the Beneficiary that the Executive was entitled to prior
to death except that the benefit payments shall commence within sixty (60) days following the date of the Executive’s death.

Article
4

Beneficiaries

Section
4.1           
The Executive shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefit distributions under
this Agreement upon the death of the Executive, provided that each such designation is in writing signed by the Executive and
two witnesses. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designation
under any other plan of the Company or the Bank in which the Executive participates.

Section
4.2           
Beneficiary Designation: Change. Beneficiary Designation: Change. The Executive shall designate a Beneficiary
by completing and signing the Beneficiary Designation Form (including the signature of two witnesses), and delivering it to the
Plan Administrator or its designated agent. The Executive’s beneficiary designation shall be deemed automatically revoked
if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently
dissolved. The Executive shall have the right to change a Beneficiary by completing, signing and otherwise complying with the
terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time.
Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed
shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive
and accepted by the Plan Administrator prior to the Executive’s death.

    	 

    	 

    
Section
4.3           
Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received, accepted
and acknowledged in writing by the Plan Administrator or its designated agent.

Section
4.4           
No Beneficiary Designation. If the Executive dies without a valid beneficiary designation, or if all designated
Beneficiaries predecease the Executive, then the Executive’s spouse shall be the designated Beneficiary. If the Executive
has no surviving spouse, the benefits shall be made to the personal representative of the Executive’s estate.

Section
4.5           
Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be distributed
to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of that person’s property,
the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or person having the care
or custody of such minor, incompetent person or incapable person. The Plan Administrator may require proof of incompetence, minority
or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution
for the account of the Executive and the Executive’s Beneficiary, as the case may be, and shall be a complete discharge
of any liability under the Agreement for such distribution amount.

Article
5

General Limitations

Section
5.1           
Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, the Company and the Bank
shall not pay any benefit under this Agreement if the Executive’s employment with the Company or the Bank terminates due
to Termination for Cause.

Section
5.2           
Suicide or Misstatement. Notwithstanding any provision of this Agreement to the contrary, the Company and the Bank
shall not pay any benefit under this Agreement if the Executive commits suicide within two (2) years after the Effective Date.
In addition, the Company and the Bank shall not pay any benefit under this Agreement if the Executive has made any material misstatement
of fact on any application for life insurance owned by the Company or the Bank on the Executive’s life.

Article
6

Claims And Review Procedures

Section
6.1           
Claims Procedure. An Executive or Beneficiary (“claimant”) who has not received benefits under the Agreement
that he or she believes should be paid shall make a claim for such benefits as follows:

6.1.1       
Initiation – Written Claim. The claimant initiates a claim by submitting to the Plan Administrator a written
claim for the benefits. If such a claim relates to the contents of a notice received by the claimant, the claim must be made within
sixty (60) days after such notice was received by the claimant. All other claims must be made within one hundred eighty (180)
days of the date on which the event that caused the claim to arise occurred. The claim must state with particularity the determination
desired by the claimant.

    	 

    	 

    
6.1.2       
Timing of Plan Administrator Response. The Plan Administrator shall respond to such claimant within ninety (90)
days after receiving the claim. If the Plan Administrator determines that special circumstances require additional time for processing
the claim, the Plan Administrator can extend the response period by an additional 90 days by notifying the claimant in writing,
prior to the end of the initial 90-day period, that an additional period is required. The notice of extension must set forth the
special circumstances and the date by which the Plan Administrator expects to render its decision.

6.1.3       
Notice of Decision. If the Plan Administrator denies part or all of the claim, the Plan Administrator shall notify
the claimant in writing of such denial. The Plan Administrator shall write the notification in a manner calculated to be understood
by the claimant. The notification shall set forth:

(a)            The specific reasons for the denial;     

(b)           
A reference to the specific provisions of the Agreement on which the denial is based;

(c)            A description of any additional information or material necessary for the claimant to perfect the claim and an explanation
of why it is needed;

(d)            An explanation of the Agreement’s review procedures and the time limits applicable to such procedures; and

(e)            A statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit
determination on review.

Section
6.2           
Review Procedure. If the Plan Administrator denies part or all of the claim, the claimant shall have the opportunity
for a full and fair review by the Plan Administrator of the denial, as follows:

6.2.1       
Initiation – Written Request. To initiate the review, the claimant, within sixty (60) days after receiving
the Plan Administrator’s notice of denial, must file with the Plan Administrator a written request for review.

6.2.2       
Additional Submissions – Information Access. The claimant shall then have the opportunity to submit written
comments, documents, records and other information relating to the claim. The Plan Administrator shall also provide the claimant,
upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as
defined in applicable ERISA regulations) to the claimant’s claim for benefits.

6.2.3       
Considerations on Review. In considering the review, the Plan Administrator shall take into account all materials
and information the claimant submits relating to the claim, without regard to whether such information was submitted or considered
in the initial benefit determination.

    	 

    	 

    
6.2.4       
Timing of Plan Administrator Response. The Plan Administrator shall respond in writing to such claimant within sixty
(60) days after receiving the request for review. If the Plan Administrator determines that special circumstances require additional
time for processing the claim, the Plan Administrator can extend the response period by an additional sixty (60) days by notifying
the claimant in writing, prior to the end of the initial 60-day period, that an additional period is required. The notice of extension
must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision.

6.2.5       
Notice of Decision. The Plan Administrator shall notify the claimant in writing of its decision on review. The Plan
Administrator shall write the notification in a manner calculated to be understood by the claimant. The notification shall set
forth:

(a)            The specific reasons for the denial;     

(b)            A reference to the specific provisions of the Agreement on which the denial is based;

(c)            A statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies
of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the claimant’s
claim for benefits; and

(d)              
A statement of the claimant’s right to bring a civil action under ERISA Section 502(a).

Article
7

Amendments and Termination

Section
7.1           
Amendments. This Agreement may be amended only by a written agreement signed by the Company, the Bank and the Executive.
However, the Company and the Bank may unilaterally amend this Agreement to conform with written directives to the Company and
the Bank from its auditors or banking regulators or to comply with legislative or tax law, including without limitation Section
409A of the Code and any and all regulations and guidance promulgated thereunder.

Section
7.2           
Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Company,
the Bank and the Executive, in which case the Executive shall receive the Early Termination Benefit, determined as of the date
the Agreement is terminated. Except as provided in Section 7.3, the termination of this Agreement shall not cause a distribution
of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution
event permitted under Article 2 or Article 3 (and permissible under Section 409A of the Code and the regulations thereunder).

Section
7.3           
Plan Terminations Under Section 409A. Notwithstanding anything to the contrary in Section 7.2, if this Agreement
terminates in the following circumstances:

    	 

    	 

    
(a)          
Within thirty (30) days before, or twelve (12) months after, a Change in Control, provided that all distributions are made
no later than twelve (12) months following such termination of the Agreement and further provided that all the Company’s
and the Bank’s arrangements which are substantially similar to the Agreement are terminated so the Executive and all participants
in the similar arrangements are required to receive all amounts of compensation deferred under the terminated arrangements within
twelve (12) months of such terminations;

(b)         
Upon the Company’s and the Bank’s dissolution or with the approval of a bankruptcy court, provided that the
amounts deferred under the Agreement are included in the Executive’s gross income in the latest of (i) the calendar year
in which the Agreement terminates; (ii) the calendar year in which the amount is no longer subject to a substantial risk of forfeiture;
or (iii) the first calendar year in which the distribution is administratively practical; or

(c)          
Upon the Company’s and the Bank’s termination of this and all other arrangements that would be aggregated with
this Agreement pursuant to Treasury Regulations Section 1.409A-1(c) if the Executive participated in such arrangements (“Similar
Arrangements”), provided that (i) the termination and liquidation does not occur proximate to a downturn in the financial
health of the Company and the Bank, (ii) all termination distributions are made no earlier than twelve (12) months and no
later than twenty-four (24) months following such termination, and (iii) the Company and the Bank do not adopt any new arrangement
that would be a Similar Arrangement for a minimum of three (3) years following the date the Company and the Bank take all necessary
action to irrevocably terminate and liquidate the Agreement;

the Company
and the Bank may distribute the present value (determined as of the date of distribution, based on the Applicable PBGC Rate) of
the Early Termination Benefit (determined as of the date of the termination of the Agreement) to the Executive in a lump sum on
the first date permitted by Treasury Regulations Section 1.409A-3(j)(4)(ix).

Article
8

Administration of Agreement

Section
8.1           
Plan Administrator Duties. This Agreement shall be administered by a Plan Administrator which shall consist of the
Board, or such committee or person(s) as the Board shall appoint. The Executive may be a member of the Plan Administrator. The
Plan Administrator shall be the named fiduciary for purposes of ERISA, if applicable, and shall also have the discretion and authority
to (i) make, amend, interpret and enforce all appropriate rules and regulations for the administration of this Agreement and (ii)
decide or resolve any and all questions including interpretations of this Agreement, as may arise in connection with the Agreement.

Section
8.2           
Agents. In the administration of this Agreement, the Plan Administrator may employ agents and delegate to them such
administrative duties as it sees fit, (including acting through a duly appointed representative), and may from time to time consult
with counsel who may be counsel to the Company.

Section
8.3           
Binding Effect of Decisions. The decision or action of the Plan Administrator with respect to any question arising
out of or in connection with the administration, interpretation and application of the Agreement and the rules and regulations
promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. No Executive
or Beneficiary shall be deemed to have any right, vested or nonvested, regarding the continued use of any previously adopted assumptions,
including but not limited to the Discount Rate.

    	 

    	 

    
Section
8.4           
Indemnity of Plan Administrator. The Company and the Bank shall jointly and severally indemnify and hold harmless
the members of the Plan Administrator against any and all claims, losses, damages, expenses or liabilities arising from any action
or failure to act with respect to this Agreement, except in the case of willful misconduct by the Plan Administrator or any of
its members.

Section
8.5           
Company Information. To enable the Plan Administrator to perform its functions, the Company shall supply full and
timely information to the Plan Administrator on all matters relating to the date and circumstances of the base salary, retirement,
Disability, death, or Separation from Service of the Executive, and such other pertinent information as the Plan Administrator
may reasonably require.

Section
8.6           
Annual Statement. The Plan Administrator shall provide to the Executive, within one hundred twenty (120) days after
the end of each Plan Year, a statement setting forth the benefits payable under this Agreement.

Article
9

Miscellaneous

Section
9.1           
Binding Effect. This Agreement shall inure to the benefit of and bind the Executive, the Company and the Bank, and
their beneficiaries, survivors, executors, successors, administrators and permitted transferees.

Section
9.2            
No Guarantee of Employment. This Agreement is not an employment policy or contract. It does not give the Executive
the right to remain an employee of the Company or the Bank, nor does it interfere with the Company’s or the Bank’s
right to discharge the Executive under the terms of the Employment Agreement. It also does not require the Executive to remain
an employee nor interfere with the Executive’s right to terminate employment at any time.

Section
9.3           
Non-Transferability. Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered
in any manner, except by the laws of descent and distribution.

Section
9.4            
Tax Withholding. The Company and the Bank shall withhold any taxes that are required to be withheld, including but
not limited to taxes owed under Section 409A of the Code and regulations thereunder, from the benefits provided under this Agreement.
The Executive acknowledges that the Company and the Bank’s sole liability regarding taxes is to forward any amounts withheld
to the appropriate taxing authority(ies). Further, the Company and the Bank shall satisfy all applicable reporting requirements,
including those under Section 409A of the Code and regulations thereunder.

Section
9.5            
Applicable Law. The Agreement and all rights hereunder shall be governed by the laws of the State of Florida (without
regard to principles of conflicts of laws), except to the extent preempted by the laws of the United States of America.

    	 

    	 

    

Section
9.6           
Unfunded Arrangement. The Executive and Beneficiary are general unsecured creditors of the Company and the Bank
for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company and the Bank to pay such
benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive’s life is a general asset of the Company
and/or the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Section
9.7            
Reorganization. The Company and/or the Bank shall not merge or consolidate into or with another company or bank,
or reorganize, or sell substantially all of its assets to another company, bank, firm, or person unless such succeeding or continuing
company, bank, firm, or person agrees to assume and discharge the obligations of the Company and the Bank under this Agreement.
Upon the occurrence of such event, the terms “Company” and “Bank” as used in this Agreement shall be deemed
to refer to the successors or survivor entities.

Section
9.8            
Entire Agreement. This Agreement constitutes the entire agreement between the Company, the Bank and the Executive
as to the subject matter hereof. No rights are granted to the Executive by virtue of this Agreement other than those specifically
set forth herein.

Section
9.9            
Interpretation. Wherever the fulfillment of the intent and purpose of this Agreement requires, and the context will
permit, the use of the masculine gender includes the feminine and use of the singular includes the plural.

Section
9.10           Alternative
Action. In the event it shall become impossible for the Company, the Bank or the Plan Administrator to perform any act required
by this Agreement, the Company, the Bank or Plan Administrator may in its discretion perform such alternative act as most nearly
carries out the intent and purpose of this Agreement and is in the best interests of the Company, the Bank, provided that such
alternative acts do not violate Section 409A of the Code.

Section
9.11           Headings.
Article and section headings are for convenient reference only and shall not control or affect the meaning or construction of
any of its provisions.

Section
9.12           Validity.
In case any provision of this Agreement shall be illegal or invalid for any reason, said illegality or invalidity shall not affect
the remaining parts hereof.

Section
9.13           Notice.
Any notice or filing required or permitted to be given to the Company or the Bank or Plan Administrator under this Agreement shall
be sufficient if in writing and hand-delivered, or sent by overnight delivery, or sent by registered or certified mail, to the
address below:

1st United Bancorp,
Inc

Attn: Chairman

One North Federal Highway

Boca Raton, FL 33432

    	 

    	 

    
Any notice
or filing required or permitted to be given to the Executive under this Agreement shall be sufficient if in writing and hand-delivered,
or sent by mail, to the last known address of the Executive according to the Company’s and the Bank’s records. All
notices shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date of receipt as shown on
the postmark on the receipt for registration or certification.

Section
9.14           Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which taken
together shall constitute one and the same instrument. Confirmation of execution by electronic transmission of a facsimile signature
page shall be binding upon any party so confirming

Section
9.15           Compliance with
Section 409A. This Agreement shall at all times be administered and the provisions of this Agreement shall be interpreted
consistent with the requirements of Section 409A of the Code and any and all regulations thereunder, including such regulations
as may be promulgated after the Effective Date of this Agreement.

Section
9.16           Rescissions.
Any modification to the terms of this Agreement that would inadvertently result in an additional tax liability on the part of
the Executive, shall have no effect to the extent the change in the terms of the plan is rescinded by the earlier of a date before
the right is exercised (if the change grants a discretionary right) and the last day of the calendar year during which such change
occurred.

Section
9.17          Arbitration.
Subject to the parties’ right to seek equitable remedies under Section 9.18, all claims for monetary damages and disputes
relating in any way to the performance, interpretation, validity, or breach of this Agreement shall be referred to final and binding
arbitration, before a single arbitrator, under the commercial arbitration rules of the American Arbitration Association in Palm
Beach County, Florida. The arbitrator shall be selected by the parties and if the parties are unable to reach agreement on selection
of the arbitrator within ten (10) days after the notice of arbitration is served, then the arbitrator will be selected by the
American Arbitration Association. All documents, materials, and information in the possession of a party to this Agreement and
in any way relevant to the claims or disputes shall be made available to the other parties for review and copying not later than
60 days after the notice of arbitration is served. To the extent that a party would be required to make confidential information
available to any other, an agreement or an order shall be entered in the proceeding protecting the confidentiality of and limiting
access to such information before a party is required to produce such information. Information produced by a party shall be used
exclusively in the arbitration or litigation that may arise, and shall not otherwise be disclosed. In no event shall a party be
entitled to punitive damages in any arbitration or judicial proceeding and all parties hereby waive their rights to any punitive
damages. In the event an arbitration panel or a court concludes that the punitive damages waiver contained in the previous sentence
is unenforceable, then the parties agree that the court with subject matter jurisdiction over the confirmation of the award shall
have sole and exclusive jurisdiction to determine issues of entitlement and amount of punitive damages. The arbitrator shall NOT
have subject matter jurisdiction to decide any issues relating to the statute of limitations or to any request for injunctive
relief, and the parties hereby stipulate to stay the arbitration proceeding (without the need of a bond) until any such issues
in dispute are resolved. Judgment upon the award rendered by the arbitrator shall be final, binding and conclusive upon the parties
and their respective administrators, personal representatives, legal representatives, heirs, successors and permitted assigns,
and may be entered in any court of competent jurisdiction. The parties expressly acknowledge and agree that the statute of limitations
set forth in Chapter 95 of the Florida Statutes shall apply to any action, arbitration or proceeding brought to enforce the terms
or conditions of this Agreement.

    	 

    	 

    
Section
9.18           Equitable Remedies.
Each of the parties acknowledges that the parties will be irreparably damaged (and damages at law would be an inadequate remedy)
if this Agreement is not specifically enforced. Therefore, in the event of a breach or threatened breach by any party of any provision
of this Agreement, then the other parties shall be entitled, in addition to all other rights or remedies, (a) to an injunction
restraining such breach, without being required to show any actual damage or to post an injunction or other bond, or (b) to a
decree for specific performance of the provisions of this Agreement, or both.

Section
9.19           Enforcement
Costs. If any civil action, arbitration or other legal proceeding is brought for the enforcement of this Agreement, or because
of an alleged dispute, breach, default or misrepresentation in connection with any provision of this Agreement, the successful
or prevailing party or parties shall be entitled to recover reasonable attorneys’ fees, court costs, sales and use taxes
and all expenses even if not taxable as court costs (including, without limitation, all such fees, taxes, costs and expenses incident
to arbitration, appellate, bankruptcy and post-judgment proceedings), incurred in that proceeding, in addition to any other relief
to which such party or parties may be entitled. Attorneys’ fees shall include, without limitation,
paralegal fees, investigative fees, administrative costs, sales and use taxes and all other charges billed by the attorney to
the prevailing party (including any fees and costs associated with collecting such amounts).

IN WITNESS
WHEREOF, the Executive and a duly authorized representative of the Company and of the Bank have signed this Agreement.

	EXECUTIVE:	COMPANY:
	 	1st
    UNITED BANCORP, INC.
	 	 
	__________________________________	By:__________________________________
	Warren
    Orlando	Title:________________________________
	 	 
	 	BANK:
	 	1st
    UNITED BANK
	 	 
	 	By:__________________________________
	 	Title:________________________________
	 	 

 

 

    	 

    	 

    
EXHIBIT
B

Current
Board of Directors Service

1st United L.L.C.,
Member

Boca Raton Community Hospital,
Director

Boca Grove Country Club, Director

    	 

    	 

    
EXHIBIT
C

Equity
Award Program for Founding FUBC NEOs

	Annual equity award opportunity:

	Each founding NEO will have an annual equity award
“opportunity” equivalent to 50% of highest base compensation among the founding NEOs in the form of stock grants with
10 year vesting, awarded at fair market value as of the close of business on the last business day of February in the calendar
year immediately following the fiscal year in question (provided, however, that if the Company's Form 10-K is not yet filed with
the SEC as of such last business day, then the valuation date shall be the seventh (7th) day after the date on which
such Form 10-K is filed by the Company with the SEC), conditional upon the attainment of certain
performance measures defined below

	Corporate Performance Measures (100%):

I.    Financial Performance (75%)

	Pre-tax Net Income Budget achievement (50% weight of the 75%)

	NPA/Asset ratio to Benchmark Group mean (uncovered assets) (20% weight of the 75%) (Goal is 100% or less of Benchmark Group
average for the four quarters ended Q3) 

	NIM compared to Benchmark Group mean (20% weight of the 75%) (Goal is 100% or more of Benchmark Group average ratio at
September 30)

	Efficiency ratio to Benchmark Group mean (10% weight of the 75%) (Goal is 100% or less of Benchmark Group average ratio
for the four quarters ended Q3)

II.  Operational Performance (25%)

	Annual Bank Safety and Soundness Examination rating for calendar year (75% weight of the 25%) (Goal will be established
each year by the Compensation Committee)

	Specialty area examination results FDIC Loss Share, BSA, CRA, IT (25% weight of the 25%) (Goal will be established each
year by the Compensation Committee) 

	Measurement Method:

The
NEO’s score is determined by calculating the percent achievement for each of the Corporate Performance and Individual Performance
factors.

	Example:The FUBC CEO and 1st
United Bank President and CEO earned $350,000 as a base salary and therefore had a $175,000 annual equity award opportunity.

I.    Financial Performance – 75% weight (or $131,250 in stock grant value opportunity)

	Pre-tax Net Income Budget achievement – 50% weight (Example: 1st United Bancorp achieves 85% of fiscal
year budget goal x 50% of opportunity =$55,781). The Company’s consolidated net income before taxes for each such fiscal
year shall be defined as excluding extraordinary items as defined in APB #30 (or any successor bulletin) and excluding restructuring
charges and other integration and reorganization expenses and charges relating to mergers, acquisitions or transactions of similar
effect for financial reporting purposes.  If pre-tax net income for a given fiscal year is less than 50% of budget, the executives
will earn no equity award opportunity for this budget achievement component.

    	 

	 

    

	NPA/Asset ratio to Benchmark Group – 20% weight (Goal is 100% or less of Benchmark Group average for the four quarters
ended Q3) Example: 1st United Bancorp achieves NPA/Asset ratio for four quarters ended Q3 that meets goal therefore
20% of opportunity =$26,250).
	NIM compared to Benchmark Group – 20% weight (Goal is 100% or more of Benchmark Group average ratio at September
  30) Example: 1st United Bancorp achieves NIM goal therefore 20% of opportunity =$26,250).

	Efficiency ratio to Benchmark Group – 10% weight (Goal is 100% or less of Benchmark Group average ratio for the four
quarters ended Q3). Example: 1st United Bancorp achieves 110% of Benchmark average ratio for the four quarters ended
Q3 therefore scores 90% of goal x 10% of opportunity =$11,813). 

II.  
Operational Performance (25% or $43,750 in stock grant value)

	Annual Bank Safety and Soundness Examination rating - 75% weight. Example: If the goal in a particular year is a composite
2 rating, and 1st United Bank achieves a composite 3, then $0; if a 2 = $32,813).

	Specialty area examination results (25% weight) for any and all of the following specialty examinations: FDIC Loss Share,
BSA, CRA, IT (e.g., the score would be an equal weight to each of the specialty compliance exam scores (if all three are examined
and goal achieved on each = $10,938). Note: If no specialty exams occur then 100% of the Operational Performance measures will
rest on the outcome of the full annual safety and soundness examination).

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