Document:

Exhibit 10.30

 

LOAN AGREEMENT  

  

 

 

BETWEEN
   

BANK ONE, NA 

AND 

GOLD BANC CORPORATION, INC. 

  

 

 

Dated as of October 1, 2004  

Table of Contents 

	 	 	Page
	 	 	

	ARTICLE I	THE FACILITY AND THE NOTE	1
	      1.1	The Credit Facility	1
	      1.2	The Notes	5
	      1.3	Payment of Interest.	5
	      1.4	Advances Prior to LIBOR Rate Determination	6
	      1.5	Determination of Interest Rate on Advances;
      Renewals and Conversions	6
	      1.6	Collateral	8
	      1.7	Expenses	8
	      1.8	Yield Protection; Availability; Funding
      Indemnification; Taxes.	8
	      1.9	The Closing	10
	ARTICLE II	CONDITIONS	10
	      2.1	Documents	10
	      2.2	Other Conditions of Borrowing.	11
	ARTICLE III	REPRESENTATIONS AND WARRANTIES	12
	      3.1	Corporate Organization	12
	      3.2	Capital Stock of the Borrower	13
	      3.3	Capital Stock of GBC and GBK.	13
	      3.4	Margin Securities	13
	      3.5	Financial Statements	13
	      3.6	Title to Properties	14
	      3.7	Transaction is Legal and Authorized	14
	      3.8	No Defaults or Restrictions	14
	      3.9	Governmental Consent	15
	      3.10	Taxes	15
	      3.11	Compliance with Law	15
	      3.12	Restrictions on the Borrower	15
	      3.13	ERISA	15
	      3.14	Reserved	16
	      3.15	Reserve for Possible Loan and Lease Losses	16
	      3.16	Regulatory Enforcement Actions	16
	      3.17	Reserved	17
	      3.18	Pending Litigation	17
	      3.19	Investment Company Act	17
	      3.20	Name of the Borrower and Related Matters	17
	      3.21	No Misstatement	17
	ARTICLE IV	COVENANTS	17
	      4.1	Negative Covenants	17
	      4.2	Affirmative Covenants.	19
	ARTICLE V	EVENTS OF DEFAULT; DEFAULT; RIGHTS UPON
      DEFAULT	23
	      5.1	Events of Default	23
	      5.2	Remedies of the Lender	25
	ARTICLE VI	MISCELLANEOUS	25
	      6.1	Waiver By the Lender	25
	      6.2	Entire Agreement and Modifications of Agreement	25
	      6.3	Notices	26
	      6.4	Counterparts	26
	      6.5	Successors and Assigns	26
	      6.6	Governing Law and Other Matters	26
	      6.7	Severability	27

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	      6.8	Survival of Representations and Warranties	27
	      6.9	Extensions and Renewals	28
	      6.10	Interest Rate Regulation	28
	      6.11	Accounting Terms	28
	      6.12	Additional Actions	28
	      6.13	Revival of Liabilities	28
	      6.14	Change of Control	28
	      6.15	Release; Environmental Indemnity	29

	 	 
	 	 
	 	 
	SCHEDULES:	 
	 	 
	      Schedule
      3.2	-   Capital Stock of the Borrower
	      Schedule 3.3	-   Capital Stock of GBC and GBK
	      Schedule 3.13	-   Post-Employment Benefits (ERISA)
	      Schedule 3.18	-   Pending Litigation
	      Schedule 4.1	-   Outstanding Debt
	 	 
	EXHIBITS:	 
	 	 
	      Exhibit
      A – Form of Revolving Note
	      Exhibit
      B – Confirmation
	      Exhibit
      C – Form of Pledge and Security Agreement

ii 

LOAN AGREEMENT 

     THIS LOAN AGREEMENT (this “Agreement”), dated as of this October 1, 2004, is entered into between GOLD BANC CORPORATION, INC. a Kansas corporation having its principal place of business at 11301 Nall Avenue, Leawood, Kansas 66211 (the “Borrower”), and BANK ONE, NA, a national banking association having a principal place of business at 120 South LaSalle Street, Chicago, Illinois 60603 (the “Lender”). 

 R
  E C
  I T
  A L
  S: 

     A.      The Borrower is the owner of 100% of the outstanding capital stock of GBC Kansas, Inc., a Kansas corporation (“GBC”).  GBC is the owner of 100% of the outstanding capital stock of Gold Bank, a Kansas state chartered bank (“GBK”). The outstanding capital stock of GBK may be referred to in this Agreement as the “GBK Shares.” 

     B.      The Borrower desires to borrow from the Lender up to the principal sum of $25,000,000 (“Maximum Revolving Loan Amount”) under a credit facility consisting of a revolving loan in an aggregate amount not to exceed the Maximum Revolving Loan Amount (“Revolving Loan”).

     C.      The Borrower desires to use the proceeds of the Revolving Loan only for general corporate purposes. 

     D.      The Lender is willing to lend to the Borrower up to an aggregate principal amount not to exceed the Maximum Revolving Loan Amount under the Revolving Loan in accordance with the terms, subject to the conditions, and in reliance on the representations, warranties and covenants set forth in this Agreement and in the other documents and instruments entered into, or delivered in connection with, or relating to, the Revolving Loan and this Agreement (collectively, including this Agreement, the “Loan Documents”). 

     NOW, THEREFORE, in consideration of the mutual representations, warranties, covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

 A
  G R
  E E
  M E
  N T
  :  

ARTICLE I 

THE FACILITY AND THE NOTE 

      1.1
  The Credit Facility.
  The Lender shall, subject to the terms and provisions of this Agreement, make
  available for the Borrower’s use during the term of this Agreement a credit
  facility in an aggregate amount not to exceed, at any time outstanding, the
  Maximum Revolving Loan Amount. The credit facility shall be subject to all of
  the terms and conditions of this Agreement and shall consist of a loan described
  below in this Section 1.1:
   

                   (a)
  Revolving Loan. The
  Revolving Loan is a loan in an aggregate principal amount not to exceed, at
  any time outstanding, the Maximum Revolving Loan Amount. The  

1

 Revolving Loan is to be evidenced by a
  promissory note (the “Revolving Note”) substantially in the form of
  Exhibit A hereto.
  The unpaid principal balance plus all accrued but unpaid interest on the Revolving
  Loan shall be due and payable on October 1, 2005, or such earlier date on which
  such amount shall become due and payable on account of acceleration by the Lender
  or otherwise in accordance with the terms of this Agreement (“Revolving
  Loan Maturity Date”). At the Borrower’s election made in accordance
  with the terms and subject to the conditions set forth in this Agreement, any
  Advance under the Revolving Loan shall be treated as a Eurodollar Advance or
  a Prime Rate Advance. Subject to the terms of this Agreement, the Borrower may
  borrow, repay, and reborrow under the Revolving Loan at any time prior to the
  Revolving Loan Maturity Date. 

                   (b)
  Certain Definitions.
  As used in this Agreement, the following terms shall have the following definitions:
   

	 	(i)

      
	“Advance”
        shall mean individually or collectively, a borrowing of a Revolving Loan
        hereunder, consisting of a Prime Rate Advance or a Eurodollar Advance.

	 	
	

	 	(ii)
	“Business
        Day” shall mean: (A) for all purposes other than as covered by
        clause (B) hereof,
        any day, other than Saturday, Sunday, a day that is a legal holiday under
        the laws of the State of Illinois or the State of Kansas or any other
        day on which banking institutions located in the State of Illinois or
        the State of Kansas are authorized or required by law or other governmental
        action to close; and (B) with respect to determinations in connection
        with, and payments of principal and interest under, Eurodollar Advances,
        any day which is a Business Day described in clause (A) and which is also
        a day for trading by and between banks in U.S. dollar-denominated deposits
        in the London Interbank Eurodollar Market.

	 	
	

	 	(iii)
	“Eurodollar
        Advance” shall mean an Advance that
        bears interest based on the LIBOR Rate.

	 	
	

	 	(iv)
	“Eurodollar
        Reserve Requirement” shall mean the
        maximum reserve requirement percentage (expressed as a decimal) as specified
        in Regulation D of the FRB that the Lender determines would be applicable
        on the first day of any Interest Period in respect of any Eurodollar Advance,
        but subject to any amendments to such reserve requirement by the FRB,
        and taking into account any transitional adjustments thereto becoming
        effective during such Interest Period. Eurodollar Advances shall be deemed
        to be Eurocurrency liabilities as defined in Regulation D
        without benefit of or credit for prorations, exemptions
        or offsets under Regulation D.

	 	
	

	 	(v)

      
	“Excluded
        Taxes” shall mean, in the case of the
        Lender, taxes imposed on its overall net income by: (A) the jurisdiction
        under the laws of which the Lender is incorporated or organized; or (B)
        the jurisdiction in which the Lender's principal executive office is located.

	 	
	

	 	(vi)
	“FRB”
        shall mean the Board of Governors of the Federal Reserve System.

	 	
	

	 	(vii) 

      
	“Governmental
        Agency” shall mean each domestic and
        foreign federal, state, or local government, political subdivision thereof,
        department, commission, board,

2 

	 	 	

	 	 	bureau, tribunal,
        court, regulatory authority, instrumentality, or agency exercising executive,
        legislative, judicial, regulatory, or administrative functions, including,
        without limitation, the FRB, any central bank or comparable agency, and
        the FDIC.

	 	 	

	 	(viii) 	“Interest
        Period” shall mean the 30-, 60-, 90-,
        or 180-day period, as selected by the Borrower, commencing on the date
        such Eurodollar Advance is made or continued as a Eurodollar Advance,
        provided that any Interest Period that would otherwise end on a day that
        is not a Business Day shall be extended to the next succeeding Business
        Day unless such Business Day falls in another calendar month, in which
        case such Interest Period shall end on the immediately preceding Business
        Day. No Interest Period with respect to any Advance shall terminate after
        the end of the term of any such Advance or after the Revolving Loan Maturity
        Date.

	 	 	

	 	(ix)	“LIBOR
        Rate” means a rate of interest (expressed
        as a percentage per annum) equal to the sum of: (A) LIBOR; plus (B) 125
        basis points.

	 	 	

	 	(x)	“LIBOR”
        means an amount determined pursuant to the following formula:

		 	 
	 	 	Reuters Quoted Rate
	LIBOR	    =  	1-Eurodollar Reserve
	 	 	Requirement

	 	 	

	 	(xi)	“Lien” means
        a lien, claim, charge, mortgage, assignment, easement, priority, preference,
        restriction, encumbrance, pledge, or security interest, of any kind, nature,
        or character.

	 	 	

	 	(xii) 	“Material Adverse Change”
        shall mean a change or event that is or could reasonably be expected to
        be material and adverse to the business, property, assets, operations,
        results of operations, or financial condition of Borrower or Borrower,
        GBC, and GBK, taken as a whole, or that would reasonably be expected to
        materially and adversely affect: (i) the ability of Borrower, GBC, or
        GBK to conduct its business; or (ii) the ability of Borrower or GBC to
        perform its obligations hereunder or any of the Loan Documents.

	 	 	

	 	(xiii)	“Material Adverse Effect”
        shall mean an effect that is or could reasonably be expected to be material
        and adverse to the business, property, assets, operations, results of
        operations, or financial condition of Borrower or Borrower, GBC, and GBK,
        taken as a whole, or that would reasonably be expected to materially and
        adversely affect: (i) the ability of Borrower, GBC, or GBK to conduct
        its business; or (ii) the ability of Borrower or GBC to perform its obligations
        hereunder or any of the Loan Documents.

	 	 	

	 	(xiv) 	“Person”
        shall mean an individual, a partnership, a corporation, a limited liability
        company, an association, a joint stock company, a trust, a joint venture,
        an unincorporated organization, and any Governmental Agency.

	 	 	 
	 	 	 

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	 	(xv)
   	“Prime
        Rate” shall mean the rate of interest (expressed as a percentage
        per annum) most recently announced or published publicly from time to
        time by the Lender or its parent as its Prime Rate or Base Rate of interest,
        which is not necessarily the lowest or most favorable rate of interest
        charged by the Lender or any of its affiliates on commercial or other
        loans at any one time. The rate of interest shall change automatically
        and immediately as and when the Prime Rate or Base Rate shall change,
        without notice to the Borrower, and any notice to which it may otherwise
        be entitled is hereby waived, and any such change in the Lender’s
        Prime Rate or Base Rate shall not affect any of the terms and conditions
        of the Notes or this Agreement, all of which shall remain in full force
        and effect.

	 	 	

	 	(xvi)	“Prime Rate
        Advance” shall mean an Advance that bears interest based on the
        Prime Rate.

	 	 	

	 	(xvii)	“Reuters
        Quoted Rate” shall mean, with respect to each Interest Period,
        and in accordance with the Lender’s normal practice in the London
        Interbank Eurodollar Market, the offered rate for the period equal to
        the Interest Period for U.S. Dollar deposits in denominations equal to
        the requested Eurodollar Advance as of 11:00 a.m. (City of London, England
        time) two (2) Business Days prior to the first day of the Interest Period
        as shown on the display designated as “British Bankers Association
        Interest Settlement Rates” on Reuters Screen FRDB, or such other
        screen as may replace such screen on Reuters for the purpose of displaying
        such rate. In the event that such rate is not available on Reuters, then
        such offered rate shall be otherwise independently determined by the Lender
        in its reasonable judgment from an alternate, substantially similar independent
        source available to the Lender or shall be calculated by the Lender by
        a substantially similar methodology as that theretofore used to determine
        such offered rate.

	 	 	

	 	(xviii) 	“Silver Acquisition”
        shall mean the pending transaction in which: (a) Borrower will be merged
        with and into SAC Acquisition Corp., a Delaware corporation, with Borrower
        being the surviving entity in such merger (“Initial Merger”);
        (b) immediately following the consummation of the Initial Merger, Borrower
        will merge with and into Silver Acquisition Corp., a Delaware corporation,
        with Silver Acquisition Corp. being the surviving entity in such merger;
        and (c) GBK will be merged with and into a newly-formed federal savings
        bank, all as provided in that certain Agreement and Plan of Merger, by
        and among Borrower, Silver Acquisition Corp., and SAC Acquisition Corp.,
        dated as of February 24, 2004, as amended from time to time.

	 	 	

	 	(xix) 	“Supervisory
        Order” shall mean the Written Agreement,
        dated August 26, 2003, among Borrower, GBK, the Federal Reserve Bank of
        Kansas City and the Office of the State Banking Commissioner of Kansas,
        Docket 03-014-WA/RB-HC and 03-014-WA/RB-SM.

	 	 	

	 	(xx)	“Taxes”
        shall mean any and all present or future taxes, duties, levies, imposts,
        deductions, charges or withholdings, and any and all liabilities with
        respect to the foregoing, but excluding Excluded Taxes and Other Taxes.

4 

     1.2 The Notes.  The term “Notes” as used in this Agreement shall mean the Revolving Note and each note delivered in substitution or exchange therefor and, where applicable, shall include the singular number as well as the plural. 

      1.3
  Payment of Interest.
   

                (a)
  Interest shall be calculated on the basis of a 360-day
  year, counting the actual number of days elapsed from and including the date
  of the Advance to and excluding the date of payment. Interest on each Prime
  Rate Advance shall be due and payable in arrears on the last day of each March,
  June, September, and December, for the three-month period then ending, commencing
  December 31, 2004, and at maturity. Interest on each Eurodollar Advance shall
  be due and payable in arrears on the last day of the Interest Period applicable
  thereto, and at maturity.  

                (b)
  The parties hereto intend to conform strictly to applicable
  usury laws as in effect from time to time during the term of the Revolving Loan.
  Accordingly, if any transaction contemplated hereby would be usurious under
  applicable law (including the laws of the United States of America, or of any
  other jurisdiction whose laws may be mandatorily applicable), then, in that
  event, notwithstanding anything to the contrary in this Agreement or the Notes,
  the Borrower and the Lender agree that the aggregate of all consideration that
  constitutes interest under applicable law that is contracted for, charged or
  received under, or in connection with, this Agreement shall under no circumstances
  exceed the maximum amount of interest allowed by applicable law, and any excess
  shall be credited to the Borrower by the Lender.  

                 (c)
  Upon the occurrence of any Default (as such term is
  defined in Section
  5.1),
  the rate of interest on the Notes (the “Default Rate of Interest”)
  shall be three percent (3%) above the interest rate otherwise applicable from
  the date of occurrence, and during the continuance, of the Default. 

                 (d)
  All payments received by the Lender from, or on behalf
  of, the Borrower shall first be applied to amounts due under Section
  1.7, second to accrued interest under the
  Revolving Note, and third to principal amounts outstanding under the Revolving
  Note; provided, however, that following and during any Event of Default (as
  such term is defined in Section 5.1),
  all payments received on account of the Borrower’s Liabilities (as such
  term is defined in Section 1.6)
  shall be applied in whatever order, combination and amounts as the Lender, in
  its sole and absolute discretion, decides, to all costs, expenses and other
  indebtedness owing to the Lender. 

                (e)
  The Borrower will pay to the Lender in immediately
  available funds, at its office at the address as specified in Section
  6.3, or such other address as the Lender
  shall specify in writing, all amounts payable to it in respect of the Loan Documents
  (including, without limitation, the principal of, or interest on, the Notes
  then held by the Lender) without any setoff, deduction, counterclaim, protest,
  demand or presentation or any other notice or formality. The Lender may, if
  it so determines, make notation of each payment of principal on the Notes, and
  it will promptly make such notation if the Borrower shall so request. The Lender
  may also, if it so determines, make notation on the face of the Notes or elsewhere
  of any modification, amendment, alteration, guaranty or assumption of the Notes.
  The aggregate unpaid principal  

5 

amount shown on the face of, or elsewhere on, the Notes shall, absent manifest error, be conclusive evidence of the principal amount owing and unpaid on the Notes.  The failure to record any such amount on such schedule, however, shall not limit or otherwise affect the obligations of the Borrower hereunder or under the Notes. 

                (f)
  Subject to the terms and conditions of this Agreement,
  including, without limitation, Section 1.5,
  the Borrower may, upon at least one Business Day’s notice to the Lender,
  prepay (subject to the indemnification and payments by Borrower pursuant to
  Section 1.8(d)) a
  portion of the principal amount of a Eurodollar Advance in a minimum aggregate
  amount of $100,000 or any larger integral multiple of $100,000 by paying the
  principal amount to be prepaid, together with unpaid accrued interest thereon
  to the date of prepayment; provided, however, that the date of prepayment shall
  be considered to be the Business Day following receipt of the prepayment by
  the Lender unless such prepayment is received by the Lender before 1:00 p.m.
  Chicago time and is made in immediately available funds.  

                (g)
  If any payment to be made by the Borrower hereunder
  shall become due on a day other than a Business Day, such payment shall be made
  on the next succeeding Business Day and such extension of time shall be included
  in computing any interest in respect of such payment. All sums and amounts due,
  owing, or otherwise payable under any of the Loan Documents shall be paid in
  such currency of the United States of America that shall be legal tender for
  the payment or all debts and dues, public or private, at the time of payment.
   

     1.4 Advances Prior to LIBOR Rate Determination.  Anything herein to the contrary notwithstanding, after notice but prior to making any requested Eurodollar Advance, if for any reason whatsoever LIBOR is not then being quoted for the requested Interest Period and in an amount approximating the amount of such Eurodollar Advance, the Lender shall give the Borrower prompt notice thereof and such Eurodollar Advance (if not yet made) shall be a Prime Rate Advance and no conversions into Eurodollar Advances shall be permitted and no new Eurodollar Advances shall be made so long as such condition exists. 

      1.5
  Determination of Interest Rate on Advances;
  Renewals and Conversions.  

                (a)
  The Borrower shall have the option, subject to the
  other provisions of this Agreement, to request that an Advance be made to the
  Borrower, by giving telephonic notice to the Lender prior to 11:00 a.m. (Chicago
  time) at least three (3) Business Days prior to the date on which any Eurodollar
  Advance is to be made hereunder and at least one (1) Business Day prior to the
  date on which any Prime Rate Advance is to be made hereunder, specifying: (A)
  the amount of the requested Advance; (B) the type of the requested Advance;
  (C) the borrowing date for the requested Advance (which shall be a Business
  Day); and (D) the Interest Period applicable to such Advance (in the case of
  each Eurodollar Advance), which shall not exceed the Revolving Loan Maturity
  Date. Notwithstanding any provision herein to the contrary, no such telephonic
  notice shall be valid or effective unless the Borrower provides to the Lender
  by facsimile a confirmation of such telephonic notice in the form of Exhibit
  B hereto (“Confirmation”), by 11:00
  a.m. (Chicago time) at least two (2) Business Days prior to the date on which
  any Eurodollar Advance is to be made hereunder and at least one (1) Business
  Day prior to the date on which any Prime Rate Advance is to be made hereunder.
  In the event that the Borrower shall fail to select an Interest Period for a
  Eurodollar Advance, then the Borrower  

6 

shall be deemed to have selected an Interest Period of 30 days.  At no time shall there be outstanding more than six (6) Eurodollar Advances. Each Eurodollar Advance shall be made, continued, or converted in a principal amount of One Million Dollars ($1,000,000) or any whole multiple of One Million Dollars ($1,000,000) in excess thereof.

                (b)
  Each Prime Rate Advance shall continue as a Prime
  Rate Advance unless and until such Prime Rate Advance is converted into a Eurodollar
  Advance pursuant to this Section 1.5
  or is repaid in accordance with the terms and conditions of this Agreement.
  Each Eurodollar Advance shall continue as a Eurodollar Advance until the end
  of the then-applicable Interest Period therefor, at which time such Eurodollar
  Advance shall automatically convert into a Prime Rate Advance unless: (i) such
  Eurodollar Advance is repaid in accordance with the terms of this Agreement;
  or (ii) the Borrower shall have provided a telephonic notice to the Lender prior
  to 11:00 a.m. (Chicago time) at least three (3) Business Days prior to the end
  of such Interest Period requesting that, at the end of such Interest Period,
  such Eurodollar Advance continue as a Eurodollar Advance for the same or another
  Interest Period. Notwithstanding any provision herein to the contrary, no such
  telephonic notice shall be valid or effective unless the Borrower provides to
  the Lender by facsimile a Confirmation, by 11:00 a.m. (Chicago time) at least
  two (2) Business Days prior to the date on which any Eurodollar Advance is to
  be continued hereunder.  

                (c)
  The Borrower may elect from time to time to convert
  all or any portion of a Prime Rate Advance into a Eurodollar Advance. To convert
  any Prime Rate Advance, the Borrower shall provide a telephonic notice to the
  Lender prior to 11:00 a.m. (Chicago time) at least three (3) Business Days prior
  to the date on which any Advance is to be converted hereunder, requesting that
  all or a portion of a Prime Rate Advance be converted into a Eurodollar Advance.
  Notwithstanding any provision herein to the contrary, no such telephonic notice
  shall be valid or effective unless the Borrower provides to the Lender by facsimile
  a Confirmation, by 11:00 a.m. (Chicago time) at least two (2) Business Days
  prior to the date on which any Prime Rate Advance is to be converted hereunder.

                (d)
  Notwithstanding any provision in this Agreement to
  the contrary: (i) any Prime Rate Advance may be prepaid, in whole or in part,
  without any premium or penalty; (ii) any Eurodollar Advance may be prepaid,
  in whole or in part, without any premium or penalty, subject to Section
  1.3(f) and further subject to the indemnification
  and payments by Borrower pursuant to Section 1.8(d);
  (iii) no Eurodollar Advance may be continued as, or converted into, another
  Advance, except on the last day of the Interest Period applicable thereto; (iv)
  in no event may the Borrower select an Interest Period that extends beyond the
  Revolving Loan Maturity Date; and (v) upon the occurrence and during the continuance
  of a Default or an Event of Default, no Advance may be made as, converted into,
  or continued as a Prime Rate Advance or a Eurodollar Advance.  

                (e)
  The Borrower agrees to pay to the Lender a commitment
  fee of 25 basis points (.25%) on the daily unborrowed portion of the Maximum
  Revolving Loan Amount from the date hereof to and including the termination
  and repayment of the Revolving Loan and the Borrower’s Liabilities. The
  foregoing unused commitment fee shall: (i) be calculated quarterly in arrears
  for each calendar quarter or portion thereof; (ii) accrue at all times until
  the termination and repayment of the Revolving Loan and the Borrower’s
  Liabilities; and (iii) be due and  

7 

payable in arrears on the last Business Day of each of March, June, September, and December, commencing with the first such date to occur after the Closing Date. All accrued and unpaid commitment and other fees shall be payable on the effective date of any termination of the obligations of the Lender to make Advances hereunder. 

      1.6
  Collateral. The
  Borrower’s obligations under this Agreement, the Notes and any other Loan
  Documents (collectively, the “Borrower’s Liabilities”) shall
  be secured by a pledge of the GBK Shares pursuant to the terms of a Pledge and
  Security Agreement dated as of the Closing Date, between GBC and the Lender,
  substantially in the form of Exhibit C
  hereto (the “Pledge Agreement”). 

      1.7
  Expenses. The
  Borrower will: (a) pay all reasonable costs and expenses of the Lender incident
  to the transactions contemplated by this Agreement including, but not limited
  to, all costs, fees, and expenses incurred in connection with the preparation,
  negotiation and execution of this Agreement and the other Loan Documents, and
  in connection with any modification, amendment, alteration, or the enforcement
  of this Agreement, the Notes and the other Loan Documents, including, without
  limitation, the Lender’s reasonable out-of-pocket expenses and the charges
  and disbursements to counsel retained by the Lender; and (b) pay and save the
  Lender and all other holders of the Notes harmless against any and all liability,
  costs, and amounts payable as a result of: (i) any taxes which may be determined
  to be payable in connection with the execution and delivery of this Agreement,
  the Notes or the other Loan Documents or any modification, amendment or alteration
  of the terms or provisions of this Agreement, the Notes or the other Loan Documents;
  (ii) any interest or penalties resulting from nonpayment or delay in payment
  of such expenses, charges, disbursements, liabilities or taxes; (iii) any income
  taxes in respect of any reimbursement by the Borrower for any of such violations,
  taxes, interests or penalties paid by the Lender; and (iv) any payment of any
  Eurodollar Advance prior to the last day of an applicable Interest Period. The
  obligations of the Borrower under this Section
  1.7 shall survive the repayment in full
  of the Notes. Any of the foregoing amounts incurred by the Lender and not paid
  by the Borrower upon demand shall bear interest from the date incurred at the
  Prime Rate plus three percent (3%) per annum and shall be deemed part of the
  Borrower’s Liabilities hereunder  

      1.8
  Yield Protection; Availability; Funding Indemnification;
  Taxes.  

                (a)
  If, on or after the date of this Agreement, the adoption
  of any law, rule, regulation, policy, guideline, interpretation, or directive
  (whether or not having the force of law) of any Governmental Agency or quasi-governmental
  authority, or any change in the interpretation or administration thereof by
  any Governmental Agency or quasi-governmental authority charged with the interpretation
  or administration thereof, or compliance by the Lender with any law, rule, regulation,
  policy, guideline, interpretation, or directive (whether or not having the force
  of law) of any such Governmental Agency of quasi-governmental authority: 

                (i)
   subjects the Lender to any Taxes or Other Taxes (as
  defined in Section 1.8(f)),
  or changes the basis of taxation of payments to the Lender in respect of any
  Eurodollar Advances; or  

8 

                (ii)
   imposes or increases or deems applicable any reserve,
  assessment, insurance charge, special deposit or similar requirement against
  assets of, deposits with or for the account of, or credit extended by, the Lender;
  or  

                  (iii)
     imposes any other condition, the result of which
    is to increase the cost to the Lender of making, funding or maintaining any
    Eurodollar Advances or reduces any amount receivable by the Lender in connection
    with any Eurodollar Advances, or requires the Lender to make any payment calculated
    by reference to the amount of Eurodollar Advances held or interest received
    by it, by an amount deemed material by the Lender,  

and Lender shall determine (which determination shall be conclusive, absent manifest error) that the result of any of the foregoing is to increase the cost to the Lender of making or maintaining any Eurodollar Advances or its commitment hereunder, or to reduce the return received by the Lender in connection with such Eurodollar Advances or commitment, then the Borrower will pay to the Lender, on demand, such additional amount or amounts as the Lender shall from time to time determine as sufficient to compensate and indemnify the Lender for, from, and against, such increased costs and reduction in amount.  Lender shall promptly notify Borrower of the occurrence of any event specified in this Section 1.8(a) for which Lender intends to claim additional compensation from Borrower.  

                (b)
  If the Lender shall determine (which determination
  shall be conclusive, absent manifest error) that the amount of capital required
  or expected to be maintained by the Lender is increased as a result of a Change
  (as defined below), then, on demand by the Lender, the Borrower shall pay to
  the Lender the amount necessary to compensate for any shortfall in the rate
  of return on the portion of such increased capital that the Lender determines
  is attributable to this Agreement, the Revolving Loan, or its commitment hereunder
  (after taking into account such Lender’s policies as to capital adequacy).
  “Change” means any adoption of, or change in, any law, rule, regulation,
  policy, guideline, interpretation, or directive (whether or not having the force
  of law) of any Governmental Agency or quasi-governmental authority after the
  date of this Agreement that affects the amount of capital required or expected
  to be maintained by the Lender. Lender shall promptly notify Borrower of the
  occurrence of any event specified in this Section
  1.8(b) for which Lender intends to claim additional
  compensation from Borrower.  

                (c)
  The Lender shall suspend the availability of Eurodollar
  Advances and require any affected Eurodollar Advances to be repaid, renewed
  as, or converted to Prime Rate Advances, subject to the payment of any funding
  indemnification amounts required by this Agreement, in the event that: (i) the
  Lender shall determine (which determination shall be conclusive, absent manifest
  error) that maintenance of any Eurodollar Advances would violate any applicable
  law, rule, regulation, policy, guideline, interpretation, or directive, whether
  or not having the force of law; or (ii) the Lender shall determine (which determination
  shall be conclusive, absent manifest error) that: (A) deposits of a type and
  maturity appropriate to match fund Eurodollar Advances are not available; (B)
  the interest rate applicable to Eurodollar Advances does not accurately reflect
  the cost of making or maintaining Eurodollar Advances; or (C) the Eurodollar
  Rate is not then being quoted for the relevant Interest Period and in the amount
  of such Advance.  

9 

                (d)
  If any payment of a Eurodollar Advance occurs on a
  date that is not the last day of the applicable Interest Period, whether because
  of acceleration or otherwise, or a Eurodollar Advance is not made on the date
  specified by the Borrower for any reason other than default by the Lender, then
  the Borrower will indemnify the Lender for any loss or cost incurred by it resulting
  therefrom, including, without limitation, any loss or cost in liquidating or
  employing deposits acquired to fund or maintain such Eurodollar Advance. 

                (e)
  All payments by the Borrower to, or for the account
  of, the Lender hereunder or under the Revolving Note shall be made free and
  clear of, and without deduction for, any and all Taxes. If the Borrower shall
  be required by law to deduct any Taxes from, or in respect of, any sum payable
  hereunder to the Lender: (i) the sum payable shall be increased as necessary
  so that after making all required deductions (including, without limitation,
  deductions applicable to additional sums payable under this section) the Lender
  receives an amount equal to the sum it would have received had no such deductions
  been made; (ii) the Borrower shall make such deductions; (iii) the Borrower
  shall pay the full amount deducted to the relevant Governmental Agency in accordance
  with applicable law; and (iv) the Borrower shall furnish to the Lender the original
  copy of a receipt evidencing payment thereof within thirty (30) days after such
  payment is made.  

                (f)
  The Borrower hereby agrees to pay any present and
  future stamp or documentary taxes and any other excise or property taxes, charges
  and similar levies that arise from any payment made hereunder or under the Revolving
  Note or from the execution or delivery of, or otherwise with respect to, this
  Agreement or the Revolving Note (“Other Taxes”). The Borrower hereby
  agrees to indemnify the Lender for the full amount of Taxes and Other Taxes
  (including, without limitation, any Taxes or Other Taxes imposed on amounts
  payable under this section) paid by the Lender as a result of its commitment,
  the Revolving Loan made by it hereunder, or otherwise in connection with its
  participation in this Agreement, and any liability (including, without limitation,
  penalties, interest and expenses) arising therefrom or with respect thereto.
  Payments due under this indemnification shall be made on demand by Lender. 

     1.9 The Closing. The initial Advance under the Revolving Loan shall be made at the offices of Barack Ferrazzano Kirschbaum Perlman & Nagelberg LLP, counsel to the Lender, at 333 West Wacker Drive, Suite 2700, Chicago, Illinois at 9:30 a.m. on October 1, 2004 (the “Closing Date”), or at such other place or time or on such other date as the parties hereto may agree.

 ARTICLE II 

  CONDITIONS  

      2.1
  Documents. The
  obligation of the Lender to make any Advance on the Closing Date is subject
  to the condition precedent that the Lender receive all of the following, where
  appropriate, duly executed and dated the Closing Date and in form and substance
  satisfactory to the Lender and its counsel:  

                (a) the Revolving Note; 

                (b) the Revolving Note;

10 

                (c)
  the actual certificates representing all of the securities
  constituting the Pledged Property (as defined in the Pledge Agreement) together
  with irrevocable stock powers for each such certificate endorsed in blank by
  the Borrower; 

                (d)
  the opinion of Stinson Morrison Hecker LLP, counsel
  for the Borrower, in form and substance acceptable to Lender and its counsel;
    

                (e)
  a certificate signed by the President or a Vice President
  of the Borrower certifying that: (i) the conditions specified in Article
  II have been fully satisfied; and (ii) no orders,
  permissions, consents, approvals or authorizations are required to be obtained
  by the Borrower, GBC, or GBK, or from any Governmental Agency or any other Person,
  and no registrations or declarations are required to be filed by the Borrower,
  GBC, or GBK, or with any Governmental Agency or any other Person in connection
  with, or contemplation of, the execution and delivery of this Agreement and
  the other Loan Documents, or the performance of any obligations hereunder or
  thereunder;  

                (f)
  copies, certified by the appropriate secretary of
  state or other appropriate Governmental Agency, of the articles of incorporation
  of the Borrower, GBC, and GBK;  

                (g)
  good standing certificates for the Borrower, GBC,
  and GBK, issued by the appropriate secretary of state or other appropriate Governmental
  Agency, dated as of a recent date;  

                (h)
  copies, certified by the Secretary or an Assistant
  Secretary of the Borrower, GBC, and GBK, of the bylaws of the Borrower, GBC,
  and GBK, respectively;  

                (i)
  copies, certified by the Secretary or an Assistant
  Secretary of the Borrower and GBC, of resolutions of the Board of Directors
  of the Borrower and GBC, respectively, authorizing the execution, delivery,
  and performance of this Agreement, the Notes, the Pledge Agreement, and the
  other Loan Documents;  

                (j)
  an incumbency certificate of the Secretary or an Assistant
  Secretary of the Borrower and GBC certifying the names of the officer or officers
  of the Borrower and GBC, respectively, authorized to sign this Agreement, the
  Notes, the Pledge Agreement, and the other Loan Documents, together with a sample
  of the true signature of each such officer (the Lender may conclusively rely
  on such certificate until formally advised by a like certificate of any changes
  therein); and  

                (k)
  copies, certified by the Secretary or an Assistant
  Secretary of the Borrower and GBC, of all documents evidencing any necessary
  consents and approvals from each applicable Governmental Agency, including,
  but not limited to, the FRB, the Office of the Comptroller of the Currency (the
  “OCC”) and the Federal Deposit Insurance Corporation (the “FDIC”),
  with respect to this Agreement and the other Loan Documents.  

      2.2
  Other Conditions of Borrowing.
   

     Notwithstanding any other provision of this Agreement, the Lender shall not be required to make any Advance at any time: 

11 

                (a)  if there has occurred,
  in the Lender’s sole and complete discretion, a Material Adverse Change
  or Material Adverse Effect since the 2003 Statements (as defined in Section
  3.5);

                (b)  if
  the representations and warranties of the Borrower contained in Article
  III shall not be true on and as of the date of
  any Advance, with the same effect as though such representations and warranties
  had been made on and as of such date;

                (c)  if any Event of
  Default or Default has occurred;

                (d)  if all necessary
  or appropriate actions and proceedings shall not have been taken in connection
  with, or relating to, the transactions contemplated hereby and all documents
  incident thereto shall not have been completed and tendered for delivery, in
  substance and form reasonably satisfactory to the Lender, including, but not
  limited to, if appropriate in the opinion of the Lender, the Lender’s failure
  to have received evidence that all necessary approvals from Governmental Agencies
  to enter into this Agreement have been received; or

                (e)  if the Lender
  shall not have received in substance and form reasonably satisfactory to the
  Lender, all certificates, affidavits, schedules, resolutions, opinions, notes,
  and/or other documents which are provided for hereunder, or which it may reasonably
  request.

 ARTICLE III

  REPRESENTATIONS AND WARRANTIES

      To induce the Lender to make
  the Revolving Loan provided for herein, the Borrower hereby represents and warrants
  as set forth below.

      3.1 Corporate
  Organization. Each of the Borrower and GBC: (a)
  is a corporation duly organized and validly existing and in good standing under
  the laws of the State of Kansas; (b) is duly qualified as a foreign corporation
  and in good standing in all states in which it is doing business except where
  the failure to so qualify would not cause a Material Adverse Effect; and (c)
  has all requisite power and authority, corporate or otherwise, to own, operate
  and lease its properties and to carry on its business as now being conducted.
  GBK is duly organized, validly existing and chartered under the laws of the
  State of Kansas, and has all requisite power and authority, corporate or otherwise,
  to own, operate and lease its properties and to carry on its business as now
  being conducted. The deposit accounts of GBK are insured by the FDIC in accordance
  with the FDIC Regulations. The Borrower, GBC, and GBK have made payment of all
  franchise and similar taxes in each of the respective jurisdictions in which
  they are incorporated or qualified, and so far as such taxes are due and payable
  at the date of this Agreement, except for any such taxes: (a) where the failure
  to pay such taxes would not cause a Material Adverse Effect; and (b) the validity
  of which is being contested in good faith and for which proper reserves have
  been set aside on the books of the Borrower, GBC, or GBK, as the case may be.

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3.2 Capital Stock of the Borrower. 

                (a)
  Schedule 3.2
  correctly sets forth: (i) the state or states in which the Borrower conducts
  its businesses; and (ii) a list of all direct and indirect subsidiaries of the
  Borrower. 

                (b)     All of the outstanding capital stock of the Borrower has been duly authorized, legally and validly issued and is fully paid and nonassessable.

      3.3
  Capital Stock of GBC and GBK.
   

                (a)
  Schedule 3.3
  correctly sets forth: (i) the state or states in which GBC and GBK physically
  conducts its business; and (ii) a list of each class of stock of GBC and GBK
  as well as the owners of record and beneficial owners thereof, including the
  number of shares held by each, and, except as otherwise stated in Schedule
  3.3, there is
  no plan, agreement or understanding providing for, or contemplating, the issuance
  of any additional shares of capital stock of GBC or GBK. The Borrower is the
  owner of 100% of the outstanding capital stock of GBC. GBC is the owner of 100%
  of the outstanding capital stock of GBK.

                (b)     The GBK Shares have been duly authorized and legally and validly issued, and are fully paid and nonassessable. The GBK Shares are owned by GBC free and clear of any and all Liens. GBC will, at all times during the term of this Agreement, own the GBK Shares free and clear of any and all Liens, except for any security interest granted herewith or previously to the Lender.  None of the GBK Shares have been issued in violation of any shareholder’s preemptive rights. There are, as of the date hereof, no outstanding options, rights or warrants obligating GBK to issue, deliver or sell, or cause to be issued, delivered or sold, additional shares of the capital stock of GBK or obligating GBK to grant, extend or enter into any such agreement or commitment. 

     3.4 Margin Securities. None of the GBK Shares qualifies as “margin stock” under Regulation U of the FRB.  Neither the making of any Advance nor the use of the proceeds thereof will violate the provisions of Regulations T, U, or X of the FRB.

     3.5 Financial Statements. The Borrower has delivered to the Lender copies of the consolidated and consolidating financial statements of the Borrower as of and for the year ending December 31, 2003 (“2003 Statements”) and consolidated financial statements as of and for the quarters ending March 31, 2004 and June 30, 2004 (“2004 Statements”). The 2003 Statements have been audited by the Borrower’s certified public accountants, KPMG LLP (“Auditor”). The 2003 Statements and the 2004 Statements shall be referred to collectively herein as the “Financial Statements.”  The Financial Statements:  (a) are true and correct in all material respects; (b) are in accordance with the respective books of account and records of the Borrower, GBC, and GBK and their subsidiaries; (c) have been prepared in accordance with
applicable banking regulations and generally accepted accounting principles (“GAAP”) applied on a basis consistent with prior periods; and (d) fairly and accurately present in all material respects the financial condition of the Borrower, GBC, GBK, and their subsidiaries and their assets and liabilities and the results of their operations as of such dates and for the periods represented thereby. The Financial Statements contain and reflect provisions for taxes, reserves and other 

13 

liabilities of the Borrower, GBC, GBK, and their subsidiaries in accordance with GAAP. None of the Borrower, GBC, GBK, or any of their subsidiaries has any material debt, liability or obligation of any nature (whether accrued, contingent, absolute or otherwise) that is not provided for, or disclosed in, the Financial Statements.  Since December 31, 2003, there has been no Material Adverse Change. Each call report and Form FRY-9C delivered to the Lender or any Governmental Agency at any time following the Closing Date or prepared by, or on behalf of, the Borrower, GBC, or GBK shall, as of the dates of such reports and forms: (a) be true and correct in all material respects; (b) be in accordance with the respective books of account and records of the Borrower, GBC, and GBK and their subsidiaries; (c) be prepared in accordance with applicable banking regulations and GAAP applied on a basis consistent with prior periods; and (d) fairly and accurately present in all material respects the
financial condition of the Borrower, GBC, GBK, and their subsidiaries and their assets and liabilities and the results of their operations as of such dates and for the periods represented thereby. 

      3.6
  Title to Properties.
   

                (a)     The Borrower, GBC, and GBK have good and marketable fee title to all real property (or have adequate title insurance from a reputable title insurance company insuring good and marketable title), and good and marketable title to all other property and assets reflected in the Financial Statements, excluding property and assets sold or otherwise disposed of subsequent to the date of such Financial Statements, except when the failure to have good and marketable title would not cause a Material Adverse Effect.

                (b)     For material assets or property leased by the Borrower, GBC, or GBK, the Borrower, GBC, and GBK enjoy peaceful and undisturbed possession under all of the leases under which they are operating, all of which permit the customary operations of the Borrower, GBC, and GBK, as applicable.  None of such leases is in material default and no event has occurred which with the passage of time or the giving of notice, or both, would constitute a material default under any thereof. 

     3.7 Transaction is Legal and Authorized. The borrowing of the principal amount of the Revolving Loan, the execution and delivery of this Agreement and the other Loan Documents and compliance by the Borrower with all of the provisions of this Agreement and of the other Loan Documents are within the corporate and other powers of the Borrower and GBC. This Agreement and the other Loan Documents have been duly authorized, executed and delivered, and are the legal, valid and binding obligations of the Borrower and GBC, as appropriate, enforceable in accordance with their terms. Each Person executing and delivering this Agreement and the other Loan Documents on behalf of the Borrower and GBC has full right, authorization, power, and capacity to do so. 

     3.8 No Defaults or Restrictions.  Neither the execution and delivery of the Loan Documents nor compliance with their terms and conditions will conflict with or result in a material breach of, or constitute a material default under, any of the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, corporate charter, bylaw or any other agreement or instrument to which the Borrower, GBC, or GBK is now a party or by which any of them or any of their properties may be bound or affected, or any judgment, order, writ, 

14 

injunction, decree or demand of any arbitrator or Governmental Agency, or result in the creation or imposition of any Lien of any nature whatsoever upon any property or asset of the Borrower, GBC, or GBK under the terms or provisions of any of the foregoing. None of Borrower, GBC, or GBK is in material default in the performance, observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or other agreement creating, evidencing or securing indebtedness of any kind or pursuant to which any such indebtedness is issued, or other agreement or instrument to which the Borrower, GBC, or GBK is a party or by which the Borrower, GBC, or GBK or their properties may be bound or affected.

     3.9 Governmental Consent.  No orders, permissions, consents, approvals or authorizations are required to be obtained by the Borrower, GBC, or GBK from any Governmental Agency or any other Person, and no registrations or declarations are required to be filed by the Borrower, GBC, or GBK with any Governmental Agency or any other Person in connection with, or contemplation of, the execution and delivery of this Agreement and the other Loan Documents, or the performance of any obligations hereunder or thereunder, other than consents or approvals that have been obtained by the Borrower prior to the Closing Date. 

     3.10 Taxes. The Borrower, GBC, and GBK have filed all United States income tax returns and all state and municipal tax returns which are required to be filed, and have paid, or made adequate provision for the payment of, all material taxes which have become due pursuant to said returns or pursuant to any assessment received by the Borrower, GBC, or GBK, except such taxes, if any, as are being contested in good faith and as to which adequate reserves have been provided.  To the Borrower’s knowledge, after reasonable inquiry, there is no audit, assessment or other proposed action or inquiry of the Internal Revenue Service with respect to the United States income tax liability of the Borrower, GBC, or GBK.  To the Borrower’s knowledge, after reasonable inquiry, the Borrower, GBC, and GBK have withheld amounts from their employees and all other
Persons in full and complete compliance with the tax withholding provisions of applicable federal, state and local laws and each has filed all federal, state and local returns and reports for all years for which any such return or report would be due with respect to employee income tax withholding, social security, unemployment taxes, income and other taxes and all payments or deposits with respect to such taxes have been made within the time period required by law. 

     3.11 Compliance with Law. The Borrower, GBC, and GBK are in compliance with all applicable statutes, rules, regulations, orders and restrictions of each Governmental Agency having jurisdiction over the conduct of their respective businesses or the ownership of their respective properties, except: (a) as expressly provided in the Supervisory Order; and (b) when non-compliance would not cause a Material Adverse Effect. 

     3.12 Restrictions on the Borrower. None of Borrower, GBC, or GBK is a party to, nor is bound by, any contract or agreement or instrument, or subject to any charter or other corporate restriction materially and adversely affecting its business, property, assets, operations or financial condition, except: (a) as expressly provided in the Supervisory Order; and (b) when such restriction would not cause a Material Adverse Effect. 

     3.13 ERISA.  To the knowledge of the Borrower, after reasonable inquiry, all employee benefit plans (as defined in Section 3(3) of the Employee Retirement Income Security 

15 

Act of 1974, as amended (“ERISA”)) established or maintained by the Borrower or any ERISA Affiliate (as defined in this Section 3.13) or to which the Borrower or any ERISA Affiliate contributes (each, an “Employee Benefit Plan”) are in material compliance with applicable requirements of ERISA, and are in material compliance with applicable requirements (including qualification and non-discrimination requirements) of the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder (collectively, the “Code”) for obtaining the tax benefits the Code thereupon permits with respect to such plans.  Each Employee Benefit Plan which is a group health plan (within the meaning of Section 5000(b)(1) of the Code) materially complies with and has been maintained and operated in material compliance with each of the requirements of Section 4980B of the Code. To the knowledge
of the Borrower, after reasonable inquiry, neither the Borrower nor any ERISA Affiliate has failed to make any contributions or to pay any amounts with respect to any Employee Benefit Plan or ERISA or any other applicable law. To the knowledge of the Borrower, after reasonable inquiry, no “reportable event” or “prohibited transaction,” as defined in ERISA, has occurred or is continuing as to any Employee Benefit Plan and no excise taxes have been incurred or security is required with respect to any Employee Benefit Plan. To the knowledge of the Borrower, after reasonable inquiry, no Employee Benefit Plan has, or as of the Closing Date will have, any amount of unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA) for which the Borrower or any ERISA Affiliate could be liable to any person under Title IV of ERISA if any such plan were terminated. To the knowledge of the Borrower, after reasonable inquiry, all Employee Benefit Plans are funded in accordance with
Section 412 of the Code (if applicable). There would be no obligations under Title IV of ERISA relating to any Employee Benefit Plan that is a multiemployer plan if any such plan were terminated or if the Borrower or any ERISA Affiliate withdrew from any such plan.  To the knowledge of the Borrower, after reasonable inquiry, and except as otherwise disclosed in Schedule 3.13 and except as required by Section 4980B of the Code or applicable state insurance laws, neither the Borrower nor any ERISA Affiliate has promised any employee medical coverage after termination of employment, or promised medical coverage to any former employee or other individual not employed by the Borrower or any ERISA Affiliate, and neither the Borrower nor any ERISA Affiliate maintains or contributes to any plan or arrangement providing medical benefits to employees after their termination of employment or any other individual not employed by the Borrower or any ERISA
Affiliate. “ERISA Affiliate” shall mean any person (as defined in Section 3(9) of ERISA) which together with the Borrower would be a member of the same “controlled group” within the meaning of Sections 414(b), (m), (c) and (o) of the Code. 

      3.14
  Reserved. 

     3.15 Reserve for Possible Loan and Lease Losses. Except as previously disclosed to the Lender, the reserves for possible loan and lease losses shown in the Financial Statements are adequate in all material respects to provide for all losses, net of recoveries relating to loans previously charged off, on loans outstanding, as of the date of such statements or reports, and the Borrower has no reason, at the present time, to believe that the loan portfolio of GBK at each such date will incur losses in excess of such reserves. 

     3.16 Regulatory Enforcement Actions. None of Borrower, GBC, or GBK nor any of their respective officers or directors is now operating under any restrictions, agreements, memoranda, or commitments (other than restrictions of general application) imposed by any 

16 

Governmental Agency (other than as expressly provided in the Supervisory Order), nor, to the knowledge of the Borrower, after reasonable inquiry, are any such restrictions threatened or agreements, memoranda or commitments being sought by any Governmental Agency. 

      3.17
  Reserved. 

      3.18
  Pending Litigation.
  Except as disclosed in Schedule 3.18, there are no actions, suits or
  proceedings pending, or, to the knowledge of the Borrower, after reasonable
  inquiry, threatened or proposed, against the Borrower, GBC, or GBK at law or
  in equity or before or by any Governmental Agency, which if adversely decided
  would cause a Material Adverse Effect. None of Borrower, GBC, or GBK is in default
  with respect to any order, writ, injunction, or judgment or decree of, or any
  written agreement with, any Governmental Agency. 

     3.19 Investment Company Act. The Borrower is not an “investment company” or a company “controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940, as amended. 

      3.20
  Name of the Borrower and Related Matters.
  The complete and exact name of the Borrower is “Gold Banc Corporation,
  Inc.” and the Borrower does not operate under any assumed name. The organizational
  identification number assigned to the Borrower by the State of Kansas is 0953117.
  The complete and exact name of GBC is “GBC Kansas, Inc.” and GBC does
  not operate under any assumed name. The organizational identification number
  assigned to GBC by the State of Kansas is 2790640. The Borrower’s chief
  executive offices are located at the address set forth in Section
  6.3 hereof. The books and records of the
  Borrower are kept at its chief executive offices and at no other location. There
  has not been any change in any of the matters set forth in Section
  3.1 or in this Section
  3.20 within five (5) years prior to the date hereof.
   

     3.21 No Misstatement. No information, exhibit, report or document furnished by the Borrower to the Lender in connection with the negotiation or execution of this Agreement or the making of the Revolving Loan contains any material misstatement of fact or omits to state a material fact necessary to make the statements contained therein not misleading, all as of the date when furnished to the Lender. 

       Each of the foregoing representations
  and warranties shall survive the execution and delivery of this Agreement, the
  Revolving Note, and the Pledge Agreement. Each request for an Advance (or conversion
  or continuation thereof) by the Borrower shall constitute a representation and
  warranty that, as of the date of such request and as of the date on which the
  Advance shall be made, converted, or continued (as applicable): (a) there exists
  no Default or Event of Default; and (b) the representations and warranties contained
  in this article are true and correct, except to the extent any such representation
  or warranty is stated to relate solely to an earlier date, in which case such
  representation or warranty shall have been true and correct on and as of such
  earlier date.  

 ARTICLE IV 

  COVENANTS  

      4.1
  Negative Covenants.
  The Borrower agrees that until the commitment of the  

17 

Lender to make the Revolving Loan has terminated and the Borrower satisfies all of its obligations to the Lender, including, but not limited to, its obligations to pay in full all of the Borrower’s Liabilities, the Borrower shall not itself, nor shall the Borrower cause, permit or allow GBC or GBK to, directly or indirectly: 

                (a)
  create, assume, incur, have outstanding, or in any
  manner become liable in respect of any indebtedness for borrowed money, other
  than as reflected in Schedule 4.1
  or in the ordinary course of business and in accordance with applicable laws
  and regulations and safe and sound banking practices. For purposes of this Agreement,
  the phrase “indebtedness” shall mean and include: (i) all items arising
  from the borrowing of money, which according to generally accepted accounting
  principles now in effect, would be included in determining total liabilities
  as shown on the balance sheet; (ii) all indebtedness secured by any Lien in
  property owned by the Borrower whether or not such indebtedness shall have been
  assumed; (iii) all guarantees, sureties, and similar contingent liabilities
  with respect to indebtedness of others; and (iv) all other obligations evidencing
  indebtedness to others;

                (b)     create, assume, incur, suffer or permit to exist any Lien (including the Lien of a conditional vendor), of any kind or character upon or with respect to any of their real or personal properties, whether owned at the date hereof or hereafter acquired, or assign or otherwise convey any right to receive income excepting only: (i) Liens for taxes, assessments or other charges by a Governmental Agency for then current year or which are not yet due or delinquent; (ii) Liens for taxes, assessments or other charges by a Governmental Agency already due, but the validity of which is being contested at the time in good faith in such a manner as not to make the property forfeitable; (iii) Liens and charges incidental to current operations that are not due or delinquent; (iv) Liens for workmen’s compensation awards
not due or delinquent; (v) pledges or deposits to secure obligations under workmen’s compensation laws or similar legislation; (vi) purchase money mortgages or other liens on real property including those incurred for the construction of a banking facility, and bank furniture and fixtures acquired or held in the ordinary course of business to secure the purchase price of such property or to secure the indebtedness incurred solely for the purpose of financing the acquisition, construction or improvement of any such property to be subject to such mortgages or other liens, or mortgages or other liens existing on any such property at the time of acquisition, or extensions, renewals, or replacements of any of the foregoing for the same or a lesser amount; provided that no such mortgage or other liens shall extend to or cover any property other than the property being acquired, constructed or improved, and no such extension, renewal or replacement shall extend to or cover any property not theretofore
subject to the mortgage or lien being extended, renewed or replaced, and provided further that no such mortgage or lien shall exceed 75% of the price of acquisition, construction or improvement at the time of acquisition, construction or improvement; and provided further that the aggregate principal amount of consolidated indebtedness at any one time outstanding and secured by mortgages, liens, conditional sale agreements and other security interests permitted by this clause shall not exceed 10% of the consolidated capital of the Borrower or any Subsidiary, as the case may be; (vii) Liens existing on the date hereof as shown on the 2004 Statements; (viii) in the case of GBK, Liens incurred in the ordinary course of the business of banking and in accordance with applicable laws and regulations and safe and sound banking practices; and (ix) any Lien granted by the Borrower, GBC, or GBK to the Lender; 

18 

                (c)  dispose of by sale,
  assignment, lease or otherwise, property or assets now owned or hereafter acquired,
  outside the ordinary course of business in excess of 10% of its consolidated
  assets in any fiscal year;

                (d)  purchase the assets
  of, merge into, or consolidate with or into, any other Person, other than pursuant
  to the Silver Acquisition;

                (e)  make any loans or
  advances to any Person, other than loans or advances made by GBK in the ordinary
  course of its banking business or any loans among Borrower, GBC, and GBK, all
  in accordance with applicable laws and regulations and safe and sound banking
  practices;

                (f)  engage in any business
  or activity not permitted by all applicable laws and regulations, including
  without limitation, the Bank Holding Company Act of 1956, as amended, the National
  Bank Act, as amended, the Federal Deposit Insurance Act, as amended (the “FDI
  Act”), and any regulations promulgated thereunder;

                (g)  make any loan or
  advance secured by the capital stock of another bank or depository institution,
  or acquire the capital stock, assets or obligations of or any interest in another
  bank or depository institution, in each case other than in the ordinary course
  of business and in accordance with applicable laws and regulations and safe
  and sound banking practices;

                (h)  create, assume,
  incur, suffer or permit to exist any Lien on the GBK Shares, except for any
  security interest granted herewith or previously to the Lender;

                (i)  cause or allow the
  Borrower to own less than 100% of the outstanding capital stock of GBC, or cause
  or allow GBC to own less than 100% of the outstanding capital stock of GBK;

                (j)  sell, transfer,
  issue, reissue, exchange or grant any option with respect to any GBK Shares,
  other than pursuant to the Silver Acquisition;

                (k)  (i) redeem or otherwise
  purchase any of its capital stock, whether in connection with an employee stock
  ownership plan sponsored by the Borrower, GBC, or GBK or otherwise; (ii) declare
  a stock dividend; or (iii) otherwise change the capital structure of the Borrower,
  GBC, or GBK other than to make capital contributions to GBK that would not cause
  an Event of Default or Default hereunder;

                (l)  breach or fail to
  perform or observe any of the terms and conditions of the Notes, the Pledge
  Agreement or any other Loan Document;

                (m)  engage in any unsafe
  or unsound banking practices; or

                (n)  violate any law
  or regulation, or any condition imposed by, or undertaking provided to, the
  FRB, the FDIC, the OCC or any other Governmental Agency.

     4.2 Affirmative Covenants.

19 

     The Borrower agrees that until the commitment of the Lender to make Advances has terminated and the Borrower satisfies all of the Borrower’s Liabilities, including, but not limited to its obligations to pay in full all principal, interest and other amounts in accordance with the terms of this Agreement, the Notes and the Pledge Agreement, it shall satisfy the covenants set forth below. 

                (a)
  The Borrower shall furnish and deliver to the Lender:
  

                (i)     as soon as available, but in any event not more than one hundred twenty (120) days after the close of each fiscal year of the Borrower, or within such further time as the Lender may permit, consolidated audited financial statements for the Borrower, GBC, and GBK, including a balance sheet and related profit and loss statement, prepared in accordance with GAAP consistently applied throughout the periods reflected therein by Auditor or other independent certified public accountants selected by the Borrower, who shall give their unqualified opinion with respect thereto;

                (ii)    as soon as available, but in any event not more than forty-five (45) days after the close of each quarterly period of each fiscal year of the Borrower, or within such further time as the Lender may permit, the internally prepared call reports filed by GBK and each Form FRY-9C filed by the Borrower and GBC with federal bank regulatory agencies; 

                (iii) as soon as practicable, and in no event later than forty-five (45) days after the close of each quarterly period of each fiscal year of the Borrower, copies of the then-current loan/asset watch list, the substandard loan/asset list, the nonperforming loan/asset list, and the other real estate owned list of GBK; 

                (iv) promptly following the occurrence of any Event of Default or Default (and in no event more than five (5) Business Days after the Borrower becomes aware of any such occurrence) a notice signed by the President of the Borrower setting forth a detailed description of such event, the steps, if any, that are being taken to cure it, and the estimated time within which such cure will occur. The Borrower shall provide such additional information concerning the matters referenced in any such notice as the Lender may reasonably request, which additional information shall be certified by the President of the Borrower; 

                (v)     to the extent permitted by law, promptly after same are available, copies of each annual report, proxy or financial statement sent by the Borrower to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which the Borrower, GBC, or GBK may file or be required to file with any federal or state banking regulatory agency or any other Governmental Agency or with any securities exchange (unless such reports and statements are otherwise publicly available), and each call report and Uniform Bank (and Bank Holding Company) Performance Report with respect to the Borrower, GBC, and GBK; 

                
(vi) promptly after receiving written notice thereof, but in no event 

20 

more than two (2) Business Days thereafter, notice in writing of all charges, assessments, actions, suits and proceedings (as well as notice of the outcome of any such charges, assessments, actions, suits and proceedings) that are initiated by, or brought before, any Governmental Agency, in connection with the Borrower, GBC, or GBK, other than ordinary course of business litigation not involving the FRB, the FDIC or the OCC, which, if adversely decided, would not cause a Material Adverse Effect; and 

                (vii) promptly upon receipt thereof, one copy of each written financial report submitted to the Borrower by Auditor (or any other auditor). 

                (b)     The Borrower (on a consolidated basis) shall maintain and cause GBK to maintain such capital as may be necessary to cause each of Borrower, GBC, or GBK to be classified as “well capitalized” in accordance with the rules and regulations of its primary federal regulator as in effect from time to time, and consistent with the financial information and reports contemplated in Section 4.2(a) hereof. 

                (c)     The Borrower shall (and shall cause GBC and GBK to) promptly pay and discharge all taxes, assessments and other charges imposed by a Governmental Agency upon the Borrower, GBC, or GBK or upon the income, profits, or property of the Borrower, GBC, or GBK and all claims for labor, material or supplies which, if unpaid, might by law become a Lien upon the property of the Borrower, GBC, or GBK. None of Borrower, GBC, or GBK shall be required to pay any such tax, assessment, charge or claim, so long as the validity thereof shall be contested in good faith by appropriate proceedings, and reserves therefor shall be maintained on the books of the Borrower, GBC, or GBK as are deemed reasonably adequate by the Lender. 

                (d)     The Borrower shall maintain bonds and insurance and cause GBC and GBK to maintain bonds and insurance with responsible and reputable insurance companies or associations in such amounts and covering such risk as is usually carried by owners of similar businesses and properties in the same general area in which the Borrower, GBC, and GBK operates, and such additional bonds and insurance as may reasonably be required by the Lender. 

                (e)     The Borrower shall permit and cause GBC and GBK to permit the Lender through its employees, attorneys, accountants or other agents, to inspect any of the properties, corporate books and financial books and records of the Borrower, GBC, and GBK at such times during normal business hours and as often as the Lender reasonably may request. 

                (f)     As soon as possible, and in any event within ten (10) Business Days, after: (i) the Borrower or any ERISA Affiliate knows that with respect to any Employee Benefit Plan, a “prohibited transaction,” a “reportable event,” or any other event or condition which could subject the Borrower or any ERISA Affiliate to liability under ERISA or the Code; or (ii) the institution of steps by the Borrower or any ERISA Affiliate to withdraw from, or the institution of any steps by any party to terminate, any Employee Benefit Plan; has or may have occurred, the Borrower shall deliver to the Lender a certificate of a responsible officer setting forth the details of such matter, the action that the Borrower proposes to take with respect thereto, and, when known, any action taken or threatened by the
Internal Revenue Service, the U.S. Department of Labor, or the Pension Benefit Guarantee Corporation.  For purposes of this covenant, the Borrower shall be deemed to have knowledge of all facts known by the fiduciaries 

21 

of any plan of the Borrower or any ERISA Affiliate. 

                
(g)   The Borrower shall: 

                (i)     and shall cause each of its Subsidiaries to comply with all federal, state and local laws, statutes, ordinances, regulations and policies relating to health, safety, ecology or the environment (collectively, the “Environmental Laws”), except as would not cause a Material Adverse Effect; 

                (ii)    promptly notify the Lender of any proposed action outside the normal course of business to be taken by the Borrower or any Subsidiary to commence industrial or other operations that could subject the Borrower or any Subsidiary to additional Environmental Laws; 

                (iii) at their own expense, provide copies of such documents or information as the Lender may reasonably request in relation to any matters disclosed pursuant to this Section 4.2(i); and 

                (iv) promptly take any and all necessary remedial action in connection with any presence, use, storage, transportation, discharge, disposal, release or threatened release of any Hazardous Materials, on, under or about any real property or other facilities owned, leased, operated or used by the Borrower or any of the Subsidiaries (hereinafter, each a “Facility”) in order to comply with all applicable authorizations, licenses, permits, approvals and Environmental Laws of or by a Governmental Agency. In the event the Borrower or any Subsidiary undertakes any remedial action with respect to any Hazardous Material on, under or about any Facility, such Borrower or Subsidiary shall conduct and complete such remedial action in compliance with all applicable Environmental Laws and in accordance with the policies,
orders and directives of all Governmental Agencies. 

                (h)     The Borrower shall promptly provide the Lender with copies of all written reports presented to the board of directors of the Borrower GBC, and GBK as the Lender may from time to time reasonably request. 

                (i)
  The Borrower shall promptly provide and cause GBC
  and GBK to promptly provide the Lender with such other documents, materials,
  and information concerning the business, operations, financial condition and
  regulatory status of the Borrower, GBC, and GBK (including the status of the
  Silver Acquisition) as the Lender may from time to time reasonably request.

                (j)     The Borrower shall do or cause to be done all things necessary to maintain, preserve and renew its corporate existence and that of GBC and GBK and its and their rights and franchises, and comply with all related laws applicable to the Borrower, GBC, and GBK, except as would not cause a Material Adverse Effect. 

                (k)     The Borrower shall comply and cause GBC and GBK to comply with all applicable laws, statutes, rules, regulations, orders and restrictions in respect of the conduct of their respective businesses and the ownership of their respective properties, except as would not 

22 

cause a Material Adverse Effect. 

                (l)     The Borrower shall use the proceeds of the Revolving Loan only for general corporate purposes.  The Borrower shall not use any portion of the proceeds of the Revolving Loan: (i) directly or indirectly to purchase or carry any security or reduce or retire any indebtedness originally incurred to purchase any such security within the meaning of Regulation U of the FRB; or (ii) so as to involve the Borrower or the Lender in a violation of Regulation T, U or X of the FRB. 

ARTICLE V 

EVENTS OF DEFAULT; DEFAULT; RIGHTS UPON DEFAULT 

     5.1 Events of Default.  The happening or occurrence of any of the following events, acts or conditions (an “Event of Default”) and the Borrower’s failure to cure same after expiration of any applicable cure period shall each constitute a “Default” hereunder, and any such Default shall also constitute a default and an event of default under the Notes, the Pledge Agreement and each other Loan Document, without right to notice or time to cure in favor of the Borrower except as indicated below: 

                (a)     if the Borrower fails to make any payment when due or where applicable upon demand as provided for herein; 

                (b)     if there continues to exist any breach under any obligation of any other documents executed pursuant to this Agreement including, without limitation, the Notes or the Pledge Agreement and such breach remains uncured beyond the applicable time period, if any, specifically provided therefor; 

                (c)     if any representation or warranty made by the Borrower herein, or in any other agreement now or at any time hereafter existing between the Borrower or GBC and the Lender (including, without limitation, the Pledge Agreement), is breached or is false or misleading in any material respect, or any schedule, certificate, financial statement, report, notice or other writing furnished by the Borrower, GBC, or GBK to the Lender is false or misleading in any material respect on the date as of which the facts therein set forth are stated or certified; 

                (d)     if the Borrower or GBC fails to perform or observe any covenant or agreement contained in any other agreement between or among the Borrower, GBC, and the Lender (including, without limitation, the Pledge Agreement) or if any condition contained in any agreement between or among the Borrower or GBC and the Lender (including, without limitation, the Pledge Agreement) is not fulfilled and such failure remains uncured beyond the applicable time period, if any, specifically provided therefor; 

                (e)     fifteen (15) days after written notice thereof, if the Borrower shall continue to fail to perform and observe, or cause or permit GBC or GBK to fail to perform and observe, any covenants under this Agreement, including, without limitation, all affirmative and negative covenants set forth in Article IV of this Agreement; 

                (f)     if the FRB, the FDIC, the OCC or any other Governmental Agency charged with the regulation of bank holding companies or depository institutions: (i) issues to 

23 

the Borrower, GBC, or GBK, or initiates any action, suit or proceeding to obtain against, imposes on or requires from the Borrower, GBC, or GBK, a cease and desist order or similar regulatory order, the assessment of civil monetary penalties, articles of agreement, a memorandum of understanding, a capital directive, a capital restoration plan, restrictions that prevent or as a practical matter impair the payment of dividends by GBC or GBK or the payments of any debt by the Borrower, restrictions that make the payment of the dividends by GBC or GBK or the payment of debt by the Borrower subject to prior regulatory approval, a notice or finding under Section 8(a) of the FDI Act, or any similar enforcement action, measure or proceeding, and in the Lender’s sole discretion, any of the foregoing would cause a Material Adverse Effect; or (ii) issues to any executive officer or director of the Borrower, GBC, or GBK, or initiates any action, suit or proceeding to obtain against,
imposes on or requires from any such officer or director, a cease and desist order or similar regulatory order, a removal order or suspension order, or the assessment of civil monetary penalties and in the Lender’s sole discretion, any of the foregoing would cause a Material Adverse Effect; 

                (g)     if GBK is notified that it is considered an institution in “troubled condition” within the meaning of 12 U.S.C. Section 1831i and the regulations promulgated thereunder, or if a conservator or receiver is appointed for GBK, and, in the Lender’s sole discretion, such notification or appointment would cause a Material Adverse Effect;

                (h)     if the Borrower, GBC, or GBK becomes insolvent or is unable to pay its debts as they mature; or makes an assignment for the benefit of creditors or admits in writing its inability to pay its debts as they mature; or suspends transaction of its usual business; or if a trustee of any substantial part of the assets of the Borrower, GBC, or GBK is applied for or appointed, and if appointed, the Borrower by any action or failure to act indicates its approval of, consent to, or acquiescence in such appointment, or within forty-five (45) days after such appointment, such appointment is not vacated or stayed on appeal or otherwise, or shall not otherwise have ceased to continue in effect; 

                (i)     if any proceedings involving the Borrower, GBC, or GBK are commenced by or against the Borrower, GBC, or GBK under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law or statute of any Governmental Agency and, the Borrower by any action or failure to act indicates its approval of, consent to or acquiescence therein, or an order shall be entered approving the petition in such proceedings and within forty-five (45) days after the entry thereof such order is not vacated or stayed on appeal or otherwise, or shall not otherwise have ceased to continue in effect; 

                (j)     if any judgment or judgments, writ or writs, or warrant or warrants of attachment, or any similar process or processes, in an aggregate amount in excess of $1,000,000.00, shall be entered or filed against the Borrower, GBC, or GBK or against any of their property and which remains unvacated, unbonded, unstayed or unsatisfied for a period of thirty (30) days; 

                (k)     fifteen (15) days after notice thereof, if the Borrower, GBC, or GBK continues to be in default in any payment of principal, interest, or any other amount or obligation in excess of $500,000 in the aggregate, or in the performance of any other term, condition or covenant contained in any agreement (including but not limited to an agreement in connection 

24 

with the acquisition of capital equipment on a title retention or net lease basis), under which any such obligation is created the effect of which default is to cause or permit the holder of such obligation to cause such obligation to become due prior to its stated maturity;

                (l)     if the Pledged Property, as defined in the Pledge Agreement, is attached, seized, subjected to a writ of distress warrant, or is levied upon or becomes subject to any Lien of any kind (other than in favor of Lender), or comes within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors; or 

                (m) if twenty-five percent (25%) or more of the outstanding voting stock of the Borrower, GBC, or GBK shall be acquired, directly or indirectly, by a Person or group of Persons acting in concert, whether in one transaction or a series of transactions, where such Person or group is not a stockholder of the Borrower, GBC or GBK, as of the date of this Agreement, other than pursuant to the Silver Acquisition. 

     5.2 Remedies of the Lender.  Upon the occurrence of a Default, the Lender shall have all rights and remedies provided by applicable law and, without limiting the generality of the foregoing, may, at its option, declare its commitments to be terminated and the Notes shall thereupon be and become forthwith, due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in the Notes, the Pledge Agreement or other Loan Documents to the contrary notwithstanding, and may, also without limitation, appropriate and apply toward the payment of the Notes any indebtedness of the Lender to the Borrower however created or arising, and may, also without limitation, exercise any and all rights in and to the collateral security under the Pledge Agreement.
There shall be no obligation to liquidate any collateral pledged hereunder in any order or with any priority or to exercise any remedy available to the Lender in any order. 

 ARTICLE VI 

  MISCELLANEOUS  

     6.1 Waiver By the Lender.  No failure or delay on the part of the Lender in exercising any right, power or remedy hereunder shall operate as a waiver thereof. No single or partial exercise of any such right, power or remedy shall preclude any other or further exercise thereof or the exercise of any other right, power or remedy hereunder.  The remedies herein provided are cumulative and not exclusive of any remedies provided by law.  Time is of the essence in the performance of the covenants, agreements and obligations of the Borrower. 

     6.2 Entire Agreement and Modifications of Agreement.  This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements between the Lender and the Borrower with respect to the subject matter hereof.  This Agreement will become effective as of the date hereof upon its execution by the parties hereto. No amendment, modification, termination or waiver of any provision of this Agreement, the Pledge Agreement or the Notes, or consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Lender, and then such waiver or consent shall be effective only in the specific purpose for which given. No notice to or demand on the Borrower in any case shall entitle the Borrower to any other or further notice or demand in similar or other circumstances.

25 

     6.3 Notices.  Except in the case of notices and other communications expressly permitted under this Agreement to be given by telephone (which shall be made only to the parties and at their phone numbers set forth below), all notices and requests to or upon the respective parties hereto shall be in writing and shall be deemed to have been given or made five (5) days after having been deposited in the United States mail, certified or registered with return receipt requested, or when delivered personally (by courier service such as Federal Express, or by other messenger) at the address set forth below or when dispatched by telecopy or other means of facsimile transmission, to the number set forth below: 

	 	if to the Lender:
	 	 
	 	      Bank One, NA
	 	      120 South LaSalle
      Street
	 	      Mail Code IL1-1110
	 	      Chicago, Illinois
      60603
	 	      Attention: Doug
      Gallun, First Vice President
	 	      Telecopy: (312)
      661-9511
	 	      Telephone: (312)
      661-7164
	 	 
	 	if to the Borrower:
	 	 
	 	      Gold Banc Corporation,
      Inc.
	 	      11301 Nall Avenue
	 	      Leawood, Kansas
      66211
	 	      Attention: Rick
      Tremblay, Chief Financial Officer
	 	      Telecopy: (913)
      451-8004
	 	      Telephone: (913)
      451-8050

or to such addresses as may be hereafter designated by the respective parties hereto in writing by a notice given in accordance herewith. 

     6.4 Counterparts. This Agreement may be executed by facsimile in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same document. 

     6.5 Successors and Assigns. This Agreement shall become effective when it shall have been executed by the Borrower and the Lender and thereafter shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective successors and assigns, except that the Borrower shall not have the right to assign or delegate its rights or duties hereunder or any interest herein without the prior written consent of the Lender, which may be given or denied in the Lender’s sole and absolute discretion. 

     6.6 Governing Law and Other Matters. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS HAVE BEEN NEGOTIATED, EXECUTED AND DELIVERED AT, AND SHALL BE DEEMED TO HAVE BEEN MADE AT, CHICAGO, ILLINOIS.  THE REVOLVING LOAN PROVIDED HEREIN IS TO BE FUNDED AND REPAID AT, AND THIS AGREEMENT IS OTHERWISE TO BE PERFORMED AT, CHICAGO, ILLINOIS AND 

26 

THIS AGREEMENT SHALL BE INTERPRETED, AND THE RIGHTS AND LIABILITIES OF THE PARTIES HERETO DETERMINED, IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF ILLINOIS WITHOUT REFERENCE TO: (i) ITS JUDICIALLY OR STATUTORILY PRONOUNCED RULES REGARDING CONFLICT OF LAWS OR CHOICE OF LAW; (ii) WHERE ANY OTHER AGREEMENT IS EXECUTED OR DELIVERED; (iii) WHERE ANY PAYMENT OR OTHER PERFORMANCE REQUIRED BY ANY SUCH AGREEMENT IS MADE OR REQUIRED TO BE MADE; (iv) WHERE ANY BREACH OF ANY PROVISION OF ANY SUCH AGREEMENT OCCURS, OR ANY CAUSE OF ACTION OTHERWISE ACCRUES; (v) WHERE ANY ACTION OR OTHER PROCEEDING IS INSTITUTED OR PENDING; (vi) THE NATIONALITY, CITIZENSHIP, DOMICILE, PRINCIPAL PLACE OF BUSINESS, OR JURISDICTION OR ORGANIZATION OR DOMESTICATION OF ANY PARTY; (vii) WHETHER THE LAWS OF THE FORUM JURISDICTION OTHERWISE WOULD APPLY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF ILLINOIS; OR (viii) ANY COMBINATION OF THE FOREGOING. AS PART OF THE CONSIDERATION FOR NEW VALUE THIS DAY
RECEIVED, THE BORROWER RECOGNIZES THAT THE LENDER’S PRINCIPAL OFFICE IS LOCATED IN CHICAGO, ILLINOIS AND THAT THE LENDER MAY BE IRREPARABLY HARMED IF REQUIRED TO INSTITUTE OR DEFEND ANY ACTIONS AGAINST THE BORROWER IN ANY JURISDICTION OTHER THAN THE NORTHERN DISTRICT OF ILLINOIS OR COOK COUNTY, ILLINOIS; THEREFORE, THE BORROWER IRREVOCABLY (a) AGREES THAT ANY SUIT, ACTION OR OTHER LEGAL PROCEEDING RELATING TO THIS AGREEMENT AND/OR THE REVOLVING LOAN REFERENCED HEREIN MAY BE BROUGHT IN THE NORTHERN DISTRICT OF ILLINOIS, IF FEDERAL JURISDICTION IS AVAILABLE, AND, OTHERWISE, IN THE CIRCUIT COURT OF COOK COUNTY, AT THE LENDER’S OPTION; (b) CONSENTS TO THE JURISDICTION OF EACH SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING; (c) WAIVES ANY OBJECTION WHICH THE BORROWER MAY HAVE TO THE LAYING OF VENUE IN ANY SUCH SUIT, ACTION OR PROCEEDING IN EITHER SUCH COURT; AND (d) AGREES TO JOIN THE LENDER IN ANY PETITION FOR REMOVAL TO EITHER SUCH COURT BROUGHT BY THE LENDER.  THE BORROWER WAIVES ANY
OBJECTION TO JURISDICTION AND VENUE OF ANY ACTION INSTITUTED HEREUNDER AND AGREES NOT TO ASSERT ANY DEFENSE BASED ON LACK OF JURISDICTION OR VENUE.  NOTHING CONTAINED HEREIN SHALL AFFECT THE RIGHT OF THE LENDER TO SERVE LEGAL PROCESS IN ANY MANNER PERMITTED BY LAW OR AFFECT THE RIGHT OF THE LENDER TO BRING ANY ACTION OR PROCEEDING AGAINST THE BORROWER OR ITS PROPERTY IN THE COURTS OF ANY OTHER JURISDICTION. 

     6.7 Severability.  Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.  Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law. 

     6.8 Survival of Representations and Warranties.  All covenants, agreements, representations and warranties made by the Borrower or GBC herein or in any certificate or other 

27 

instrument delivered by it or on its behalf under this Agreement or any of the other Loan Documents shall, notwithstanding any investigation by or knowledge on the part of the Lender, be deemed material and relied on by the Lender and shall survive the making of this Agreement and the other Loan Documents, and shall be deemed to be continuing representations and warranties until such time as the Borrower has satisfied all of its obligations to the Lender, including, but not limited to the obligation to pay in full all principal, interest and other amounts in accordance with the terms of this Agreement and the Notes.  All warranties and representations in any such certificates or other instrument shall constitute warranties and representations by the Borrower hereunder. 

     6.9 Extensions and Renewals.  This Agreement shall govern the terms of any extensions or renewals to the Notes, subject to any additional terms and conditions imposed by the Lender in connection with any such extension or renewal. 

     6.10 Interest Rate Regulation. The Borrower hereby represents that the indebtedness evidenced hereby constitutes loans made by the Lender to enable the Borrower to carry on a commercial enterprise for the purpose of investment or profit; and that such loans are loans for business purposes under the intent and purview of Chapter 815, Section 205/4 of the Illinois Compiled Statutes. 

      6.11
  Accounting Terms.
  Any accounting term not specifically defined herein shall be construed in accordance
  with GAAP which are applied in the preparation of the financial statements referred
  to in Section 3.5,
  and all financial data submitted pursuant to this Agreement shall be prepared
  in accordance with such principles, except that interim financial statements
  shall not include year-end audit adjustments or footnotes.  

     6.12 Additional Actions. The Borrower agrees to do or cause GBC and GBK to do such further acts and things and to execute and deliver to the Lender such additional assignments, agreements, powers, certificates, documents, materials and instruments, as the Lender may reasonably require or deem advisable to carry into effect the purposes of this Agreement, the Notes, the Pledge Agreement or any other Loan Document, or to better assure and confirm unto the Lender its rights, powers and remedies hereunder or under such other loan documents.

     6.13 Revival of Liabilities. To the extent that the Lender receives any payment on account of the Borrower’s Liabilities and any such payment(s) and/or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, subordinated and/or required to be repaid to a trustee, receiver or any other Person under any bankruptcy act, state or federal law, common law or equitable cause, then, to those of such payment(s) or proceeds received, the Borrower’s Liabilities or part thereof intended to be satisfied shall be revived and continue in full force and effect, as if such payment(s) and/or proceeds had not been received by the Lender and applied on account of the Borrower’s Liabilities. 

     6.14 Change of Control. The Lender shall have the option, exercisable on at least one (1) Business Day prior notice, upon the consummation, in whole or in part, of any transaction effecting any change of control of the Borrower that has been approved as such by any federal or 

28 

state regulatory agency, to declare the entire principal of, and interest accrued on, the Revolving Loan then outstanding to be, and the Notes and all of the Borrower’s Liabilities shall thereupon become, forthwith, due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, and the Borrower will forthwith pay to each holder of the Notes the entire outstanding principal of and interest accrued on the Notes and to the Lender all of the Borrower’s Liabilities.

     6.15 Release; Environmental Indemnity.  The Borrower hereby, to the full extent permitted by law, releases the Lender from any and all causes of action, claims or rights which the Borrower may now or hereafter have for, or which may arise from, any loss or damage caused by or resulting from: (a) any failure of the Lender to protect, enforce or collect in whole or in part any of the Collateral; and (b) any other act or omission to act on the part of the Lender, its officers, agents or employees, except in each instance for a breach by the Lender of this Agreement, willful misconduct and gross negligence.  The Borrower agrees to indemnify and save the Lender, its officers, directors, employees and agents, harmless of, from and against any liability, loss, damage or expense (including reasonable attorneys’ fees) to which the Lender or any of such
persons may become subject, arising from or based upon: (x) any violation, or claim of violation, by the Borrower, GBC, or GBK of any laws, regulations or ordinances relating to Hazardous Materials; or (y) any Hazardous Materials located or disposed of on or released or transported from any property owned, leased or operated by the Borrower, GBC, or GBK, or any claim of any of the foregoing. 

[Remainder of Page Intentionally Left Blank] 

  

 

 

29  

     THE BORROWER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT THAT IT MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION ARISING IN ANY WAY IN CONNECTION WITH THIS AGREEMENT, THE NOTES OR ANY OF THE OTHER LOAN DOCUMENTS, OR ANY OTHER STATEMENTS OR ACTIONS OF THE BORROWER, GBC, GBK, OR THE LENDER. THE BORROWER ACKNOWLEDGES THAT IT HAS BEEN REPRESENTED IN THE SIGNING OF THIS AGREEMENT AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL SELECTED OF ITS OWN FREE WILL, AND THAT IT HAS DISCUSSED THIS WAIVER WITH SUCH LEGAL COUNSEL.  THE BORROWER FURTHER ACKNOWLEDGES THAT (a) IT HAS READ AND UNDERSTANDS THE MEANING AND RAMIFICATIONS OF THIS WAIVER, (b) THIS WAIVER HAS BEEN REVIEWED BY THE BORROWER AND THE BORROWER’S COUNSEL AND IS A MATERIAL INDUCEMENT FOR THE LENDER TO ENTER INTO THE AGREEMENT AND THE OTHER LOAN DOCUMENTS, AND (c) THIS WAIVER SHALL BE EFFECTIVE AS TO EACH OF SUCH OTHER LOAN DOCUMENTS AS FULLY INCORPORATED THEREIN.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first above written. 

	 	GOLD BANC CORPORATION, INC.
	 	 	 	 
	 	 	 	 
	 	By:	     /s/ Rick J. Tremblay
	 	 	

	 	 	Name:	Rick J. Tremblay
	 	 	Title:	Executive Vice President
	 	 	 	 
	 	BANK ONE, NA
	 	 	 	 
	 	 	 	 
	 	By:	     /s/ Doug Gallun
	 	 	

	 	 	Name:	Doug Gallun
	 	 	Title:	First Vice President

S-1

EXHIBIT A 

FORM OF REVOLVING NOTE 

	$25,000,000.00	Chicago, Illinois
	 	 	October 1, 2004

     FOR VALUE RECEIVED, the undersigned, GOLD BANK CORPORATION, INC., a Kansas corporation having its principal place of business at 11301 Nall Avenue, Leawood, Kansas 66211 (the “Borrower”), hereby promises to pay to the order of BANK ONE, NA, a national banking association (the “Lender”), in such coin or currency of the United States that shall be legal tender in payment of all debts and dues, public and private, at the time of payments, the principal sum of Twenty-Five Million and No/00 Dollars ($25,000,000.00), or whatever lesser amount of principal remains unpaid and owing from time to time. 

     This Note is referred to in, and was executed and delivered pursuant to, that certain Loan Agreement dated as of October 1, 2004 between the Borrower and the Lender (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), to which reference is hereby made for a statement of the terms and conditions under which the loan evidenced hereby is to be repaid and for a statement of remedies upon the occurrence of a “Default” or “Event of Default” as defined therein. The Agreement is incorporated herein in its entirety by reference. All terms which are capitalized and used herein (which are not otherwise specifically defined herein) and which are defined in the Agreement shall be used in this Note as defined in the Agreement. 

     The unpaid principal balance plus all accrued but unpaid interest hereunder shall be due and payable on October 1, 2005, or such earlier date on which such amount shall become due and payable on account of acceleration by the Lender or otherwise in accordance with the terms of the Agreement. 

     Interest on the outstanding unpaid principal amount hereof, from the date hereof until payment in full hereof, shall be determined as provided in the Agreement and calculated on the basis of a 360-day year, counting the actual number of days elapsed from the date of an Advance, and, except as provided in the Agreement with respect to Eurodollar Advances, shall be payable in arrears on the last day of each March, June, September and December, for the three-month period then ending, commencing December 31, 2004, and at maturity.

     Upon the occurrence of any Default, the Default Rate of Interest as provided in Section 1.3(c) of the Agreement shall apply.  Interest due hereunder may, at the Lender’s option, be charged to the Borrower’s account with the Lender. 

     It is the intention of the parties hereto to conform strictly to applicable usury laws as in effect from time to time during the term of the Revolving Loan. Accordingly, if any transaction contemplated hereby would be usurious under applicable law (including the laws of the United States of America, or of any other jurisdiction whose laws may be mandatorily applicable), then, in that event, notwithstanding anything to the contrary in the Agreement or this Note, it is agreed that the aggregate of all consideration that constitutes interest under applicable law that is contracted for, charged or received under the Agreement or this Note or otherwise in connection 

A-1

with the Agreement or this Note shall under no circumstances exceed the maximum amount of interest allowed by applicable law, and any excess shall be credited to the Borrower by the Lender.  All sums paid, or agreed to be paid, to the Lender for the use, forbearance, and detention of the indebtedness of the Borrower by the Lender shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full term of such indebtedness until payment in full so that the actual rate of interest is uniform over the full term thereof. 

     To the extent permitted by applicable law, the Borrower, for itself and its legal representatives, successors and assigns, expressly waives presentment, demand, protest, notice of dishonor, notice of nonpayment, notice of maturity, notice of protest, presentment for the purpose of accelerating maturity, diligence in collection, and the benefit of any exemption under the homestead exemption laws, if any, or any other exemption or insolvency laws, and consents that the Lender may release or surrender, exchange or substitute any real estate and/or personal property or other collateral security now held or which may hereafter be held as security for the payment of this Note, and may extend the time for payment or (with the consent of the Borrower) otherwise modify the terms of payment for any part or the whole of the indebtedness evidenced hereby. 

     Advances may be prepaid in accordance with, and subject to the terms, conditions, and obligations of the Borrower set forth in, the Agreement.  Upon or at any time after the occurrence or existence of a Default, the Lender shall be entitled, at its option, to accelerate then outstanding indebtedness hereunder and take such other action as provided for in the Agreement.

THIS NOTE HAS BEEN NEGOTIATED, EXECUTED AND DELIVERED AT, AND SHALL BE DEEMED TO HAVE BEEN MADE AT, CHICAGO, ILLINOIS.  THE REVOLVING LOAN PROVIDED HEREIN IS TO BE FUNDED AND REPAID AT, AND THIS NOTE IS OTHERWISE TO BE PERFORMED AT, CHICAGO, ILLINOIS AND THIS NOTE SHALL BE INTERPRETED, AND THE RIGHTS AND LIABILITIES OF THE PARTIES HERETO DETERMINED, IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF ILLINOIS WITHOUT REFERENCE TO:  (i) ITS JUDICIALLY OR STATUTORILY PRONOUNCED RULES REGARDING CONFLICT OF LAWS OR CHOICE OF LAW; (ii) WHERE ANY OTHER AGREEMENT IS EXECUTED OR DELIVERED; (iii) WHERE ANY PAYMENT OR OTHER PERFORMANCE REQUIRED BY ANY SUCH AGREEMENT IS MADE OR REQUIRED TO BE MADE; (iv) WHERE ANY BREACH OF ANY PROVISION OF ANY SUCH AGREEMENT OCCURS, OR ANY CAUSE OF ACTION OTHERWISE ACCRUES; (v) WHERE ANY ACTION OR OTHER PROCEEDING IS INSTITUTED OR PENDING; (vi) THE NATIONALITY, CITIZENSHIP, DOMICILE, PRINCIPAL PLACE OF BUSINESS, OR JURISDICTION OR ORGANIZATION OR
DOMESTICATION OF ANY PARTY; (vii) WHETHER THE LAWS OF THE FORUM JURISDICTION OTHERWISE WOULD APPLY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF ILLINOIS; OR (viii) ANY COMBINATION OF THE FOREGOING.  AS PART OF THE CONSIDERATION FOR NEW VALUE THIS DAY RECEIVED, THE BORROWER RECOGNIZES THAT THE LENDER’S PRINCIPAL OFFICE IS LOCATED IN CHICAGO, ILLINOIS AND THAT THE LENDER MAY BE IRREPARABLY HARMED IF REQUIRED TO INSTITUTE OR DEFEND ANY ACTIONS AGAINST THE BORROWER IN ANY JURISDICTION OTHER THAN THE NORTHERN DISTRICT OF ILLINOIS OR COOK 

A-2 

COUNTY, ILLINOIS; THEREFORE, THE BORROWER IRREVOCABLY (a) AGREES THAT ANY SUIT, ACTION OR OTHER LEGAL PROCEEDING RELATING TO THIS NOTE AND/OR THE REVOLVING LOAN EVIDENCED HEREBY MAY BE BROUGHT IN THE NORTHERN DISTRICT OF ILLINOIS, IF FEDERAL JURISDICTION IS AVAILABLE, AND, OTHERWISE, IN THE CIRCUIT COURT OF COOK COUNTY, AT THE LENDER’S OPTION; (b) CONSENTS TO THE JURISDICTION OF EACH SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING; (c) WAIVES ANY OBJECTION WHICH THE BORROWER MAY HAVE TO THE LAYING OF VENUE IN ANY SUCH SUIT, ACTION OR PROCEEDING IN EITHER SUCH COURT; AND (d) AGREES TO JOIN THE LENDER IN ANY PETITION FOR REMOVAL TO EITHER SUCH COURT BROUGHT BY THE LENDER.  THE BORROWER WAIVES ANY OBJECTION TO JURISDICTION AND VENUE OF ANY ACTION INSTITUTED HEREUNDER AND AGREES NOT TO ASSERT ANY DEFENSE BASED ON LACK OF JURISDICTION OR VENUE.  NOTHING CONTAINED HEREIN SHALL AFFECT THE RIGHT OF THE LENDER TO SERVE LEGAL PROCESS IN ANY MANNER PERMITTED BY LAW OR AFFECT THE RIGHT
OF THE LENDER TO BRING ANY ACTION OR PROCEEDING AGAINST THE BORROWER OR ITS PROPERTY IN THE COURTS OF ANY OTHER JURISDICTION. 

[Remainder of Page Intentionally Left Blank] 

  

 

 

A-3  

     THE BORROWER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT THAT IT MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION ARISING IN ANY WAY IN CONNECTION WITH THIS NOTE OR ANY OF THE OTHER LOAN DOCUMENTS, OR ANY OTHER STATEMENTS OR ACTIONS OF THE BORROWER OR THE LENDER.  THE BORROWER ACKNOWLEDGES THAT IT HAS BEEN REPRESENTED IN THE SIGNING OF THIS AGREEMENT AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL SELECTED OF ITS OWN FREE WILL, AND THAT IT HAS DISCUSSED THIS WAIVER WITH SUCH LEGAL COUNSEL.  THE BORROWER FURTHER ACKNOWLEDGES THAT (a) IT HAS READ AND UNDERSTANDS THE MEANING AND RAMIFICATIONS OF THIS WAIVER, (b) THIS WAIVER HAS BEEN REVIEWED BY THE BORROWER AND THE BORROWER’S COUNSEL AND IS A MATERIAL INDUCEMENT FOR THE LENDER TO ACCEPT THIS NOTE AND TO ENTER INTO THE OTHER LOAN DOCUMENTS, AND (c) THIS WAIVER SHALL BE EFFECTIVE AS TO EACH OF SUCH OTHER LOAN DOCUMENTS AS FULLY INCORPORATED THEREIN. 

     IN WITNESS WHEREOF, the Borrower has caused this Note to be duly executed as of the date first written above. 

	 	GOLD BANC CORPORATION, INC.
	 	 
	 	 
	 	By:__________________________________
	 	      Name:
	 	      Title:

  

A-4  

EXHIBIT B 

CONFIRMATION 

 _________________, 20___  

 Bank One, NA 

  120 South LaSalle Street 

  Chicago, Illinois 60603  

Attn: Correspondent Banking Dept. 

Ladies and Gentlemen: 

           This
  will confirm the telephone conversation Ms./Mr. _____________________ had with
  your office on _____________, 20___, regarding a request made pursuant to that
  certain Loan Agreement, dated as of October 1, 2004 (“Agreement”).

          The
  undersigned hereby requests from Loan #______________,

	1.        	[   ] a Borrowing      
      [   ] a Conversion       [   ] a Continuation
	 	 
	2.	On ___________________, 20__ (a Business
      Day).
	 	 
	3.	Under the Revolving Note.
	 	 
	4.	In the amount of:      $________________________.
	 	 
	5.	Comprised of (circle one): Eurodollar
      Advance / Prime Rate Advance.
	 	 
	6.

    	With an Interest Period for a Eurodollar
      Advance (circle one):

30 days / 60 days / 90 days / 180 days. 

             All
  capitalized terms used, but not defined herein, shall have the meanings ascribed
  to such terms in the Agreement.  

	 	Very truly yours,
	 	GOLD BANC CORPORATION, INC.
	 	 
	 	 
	 	By: _____________________________________
	 	      Authorized Signature

  

B-1 

EXHIBIT C 

FORM OF PLEDGE AND SECURITY AGREEMENT 

  

 

 

 

 

 

 

C-1Exhibit 10.31

PLEDGE AND SECURITY AGREEMENT 

            This
  PLEDGE AND SECURITY AGREEMENT (“Pledge Agreement”), dated as of October
  1, 2004, is made by GBC KANSAS, INC., a Kansas corporation (the “Pledgor”),
  for the benefit of BANK ONE, NA, a national banking association (the “Lender”).
   

  R
  E C
  I T
  A L
  S: 

           A.
  Gold Banc Corporation, Inc., a Kansas corporation
  (“Borrower”), desires to borrow from the Lender up to an aggregate
  principal sum of $25,000,000, in accordance with the terms of, and subject to
  the conditions set forth in, that certain Loan Agreement, dated as of October
  1, 2004, by and between the Lender and the Borrower (as amended, restated, supplemented
  or otherwise modified from time to time, the “Loan Agreement”), and
  the other documents and instruments entered into, or delivered in connection
  with, or relating to, the Loan Agreement (collectively, the “Loan Documents”).
   

           B.
  The Pledgor is a wholly-owned subsidiary of the Borrower,
  and the execution and delivery of this Pledge Agreement is a condition precedent
  to the effectiveness of the Loan Agreement.  

           C.
  The Pledgor wishes to execute and deliver this Pledge
  Agreement to secure the obligations of the Borrower under the Loan Documents,
  including, without limitation, under the Revolving Loan (all capitalized terms
  used, but not defined, in this Pledge Agreement have the meanings ascribed to
  such terms in the Loan Agreement). 

           D.
  The Pledgor owns 72,000 shares (the “Pledged
  Subsidiary Shares”) of the outstanding common stock of Gold Bank, a Kansas
  state chartered bank (“GBK”), and the Pledged Subsidiary Shares represent
  100% of the issued and outstanding capital stock of GBK. The certificate numbers
  for the Pledged Subsidiary Shares, and the number of shares evidenced thereby,
  are set forth on Schedule 1
  attached hereto.  

            NOW,
  THEREFORE, to induce the Lender to enter into the Loan Agreement, and in consideration
  of the mutual representations, warranties, covenants, and agreements hereinafter
  set forth, and for other good and valuable consideration, the receipt and sufficiency
  of which are hereby acknowledged, the parties hereto hereby agree as follows:
   

  A
  G R
  E E
  M E
  N T:
   

           1. Grant
  of Security Interest. To secure the Obligations
  (as defined below), the Pledgor hereby irrevocably
  and unconditionally pledges, and grants to the Lender a continuing first priority
  security interest in, and hereby transfers, assigns, and delivers to the Lender,
  the following: (a) all of the Pledged Subsidiary Shares and all substitutions
  of, and additions to, the Pledged Subsidiary Shares (and certificates representing
  all of such shares); (b) any and all shares of the capital stock (and certificates
  representing such shares) of GBK that the Pledgor or the Lender acquires, directly
  or indirectly, from and after the date hereof, and all substitutions of, and
  additions to, such shares of capital stock  (the
  items described in (a) and (b) above may 

1

 collectively be referred to as the “Pledged
  Stock”); and (c) all income and profits related to, or derived from, the
  Pledged Stock, and all dividends and distributions thereon, all other proceeds
  thereof, and all rights, benefits and privileges pertaining to, or arising from,
  the Pledged Stock. All of the foregoing and all other property at any time pledged
  with or to the Lender hereunder or in which the Lender is granted a security
  interest hereunder (irrespective of whether specifically described herein),
  and, subject to the provisions of Section 3(b) below, all income therefrom and
  proceeds thereof, may be referred to collectively as the “Pledged Property.”
  The parties hereby acknowledge that, concurrently herewith, the Pledgor has
  delivered to the Lender: (i) the Pledged Stock owned by the Pledgor as of the
  date hereof; and (ii) undated stock powers (duly executed in blank) for all
  of the Pledged Stock, in form and content reasonably satisfactory to the Lender.
  Upon request of the Lender, the Pledgor shall pay all requisite federal and
  state stock transfer taxes and shall furnish evidence thereof to the Lender.
   

           2. Obligations.
  The obligations secured by this Pledge Agreement are the following (referred
  to collectively herein as the “Obligations”):  

                     (a)
  all obligations, liabilities, indebtedness, and agreements of the Borrower contained
  in, or arising under (including, without limitation, the payment of all indebtedness
  of the Borrower in respect of), the Loan Agreement;  

                     (b)
  all amounts due to the Lender under the Revolving Note and including any and
  all modifications, extensions, renewals, refinancings or substitutions thereof
  (the “Notes”) and including, without limitation, all principal, accrued
  interest and other amounts due under the Notes;  

                     (c)
  all sums advanced by, or on behalf of, the Lender in connection with, or relating
  to, the Loan Agreement, the Notes, or the Pledged Property including, without
  limitation, any and all sums advanced to preserve or protect the Pledged Property,
  or to preserve, protect, or perfect the Lender’s security interest in the
  Pledged Property;  

                     (d)
  in the event of any proceeding to enforce the satisfaction of the Obligations,
  or any of them, or to preserve and protect the Lender’s rights under the
  Loan Agreement, the Notes, this Pledge Agreement or any other agreement, document
  or instrument relating to the transactions contemplated in the Loan Agreement,
  the reasonable expenses of taking, retaking, holding, preparing for sale, selling,
  or otherwise disposing of, or realizing on, the Pledged Property, or of any
  exercise by the Lender of its rights, together with reasonable attorneys’
  fees, expenses and court costs;  

                     (e)
  all other obligations, liabilities, and indebtedness of the Borrower owing to
  the Lender, whether direct or indirect, joint or several, absolute or contingent,
  now or hereafter existing, however created or arising and however evidenced;

                     (f)
  all obligations, liabilities, and indebtedness of the Borrower under, or in
  connection with, any agreement, arrangement, or instrument entered into with
  the Lender in connection with the Loan Agreement that provide an interest rate
  swap, interest rate cap, interest rate hedge or other similar interest rate
  protection; and  

                     (g)
  all obligations, liabilities and indebtedness of the Borrower under, or in 

2 

connection with, the Loan Agreement that
  require the Borrower to reimburse the Lender for the Lender’s indebtedness,
  obligations, or liabilities under, or in connection with, any agreement, arrangement,
  or instrument entered into with the Lender in connection with the Loan Agreement
  that provides an interest rate swap, interest rate cap, interest rate hedge
  or other similar interest rate protection.

           3.
    Voting Rights and Dividends.

                     (a)
  Unless an Event of Default (as defined herein) shall have
  occurred, the Pledgor shall be entitled to vote any and all shares of the Pledged
  Stock and to give consents, waivers and ratifications in respect thereof; provided,
  however, that, except as may be explicitly required by a Governmental Agency,
  no vote shall be cast, no consent, waiver or ratification shall be given, and
  no action shall be taken by the Pledgor that would: (i) violate or be inconsistent
  with any of the terms of the Loan Agreement, the Notes or this Pledge Agreement;
  (ii) have the effect of impairing the position or interests of the Pledgor,
  the Lender, or any holder of any of the Notes; or (iii) have a material adverse
  effect upon the value of the Pledged Property. From and after the occurrence
  of an Event of Default, all such rights of the Pledgor to vote and to give consents,
  waivers and ratifications shall cease, and all of such rights shall be vested
  solely and exclusively in the Lender.

                    (b)
  Unless an Event of Default shall have occurred, all dividends
  and other distributions that are permitted under the Loan Agreement to be paid
  with respect to the Pledged Property shall be the property of, and paid to,
  the Pledgor. From and after the occurrence of an Event of Default, all such
  dividends and distributions and all other payments shall be immediately and
  directly paid to, or for the benefit of, the Lender. From and after the occurrence
  of an Event of Default, all such dividends, distributions, and other payments
  made with respect to the Pledged Property shall, until paid or delivered to
  the Lender (or its nominee), be held in trust for the benefit of the Lender
  as additional Pledged Property to secure the Obligations.

          4.
   Representations, Warranties and Covenants.
  The Pledgor further represents, warrants, covenants, and agrees that:

                    (a)
  It is the legal, record, and beneficial owner of, and has
  good and marketable title to, the Pledged Property, free and clear of any and
  all Liens, except the security interest created by this Pledge Agreement or
  otherwise in favor of the Lender. Schedule 1
  attached hereto is a true, accurate, and complete list and description of the
  Pledged Subsidiary Shares.

                     (b)
  Without the prior written consent of the Lender, the Pledgor
  will not sell, assign, transfer, exchange, or otherwise dispose of, or grant
  any option or other acquisition right with respect to, any of the Pledged Property,
  nor will the Pledgor create, incur or permit to exist any Lien with respect
  to any of the Pledged Property, or any interest therein, or any proceeds thereof,
  except for the security interest provided by this Pledge Agreement. Without
  the prior written consent of the Lender, the Pledgor agrees that it will not,
  and it will cause GBK to not: (i)  issue or reissue
  any capital stock or other securities of GBK (or warrants therefor or other
  rights with respect thereto) in addition to, or issue other securities of any
  nature in exchange or substitution for, any of the Pledged Property; (ii) redeem
  any of the Pledged Property; or (iii)

3 

 declare any stock dividend or split or
  otherwise change the capital structure of GBK. 

                     (c)
  The Pledged Stock is genuine and in all respects represents what it purports
  to be. All of the Pledged Subsidiary Shares have been duly and validly authorized,
  legally and validly issued, and are fully paid and non-assessable. None of the
  Pledged Property is subject to any puts, calls, options, warrants, rights of
  purchase, rights of first refusal or agreements with respect to the transfer
  or sale thereof. To the Pledgor’s knowledge, after due inquiry, no condition,
  circumstance, document, restriction, litigation, or proceeding (or threatened
  litigation or proceeding or basis therefor) exists that could: (i) adversely
  affect the validity or priority of the Lien granted to the Lender hereunder;
  (ii) adversely affect the ability of the Pledgor to perform its obligations
  under this Pledge Agreement; or (iii) constitute an Event of Default under this
  Pledge Agreement (with the giving of notice, the lapse of time, or both).

                     (d)
  The pledge, assignment and delivery of the Pledged Property pursuant to this
  Pledge Agreement creates a valid first priority perfected security interest
  in the Pledged Property, subject to no Lien or to any agreement purporting to
  grant to any third party a security interest in the assets of the Pledgor that
  would include any of the Pledged Property (except as may exist in favor of the
  Lender). The Pledgor will at all times defend the Lender’s right, title
  and security interest in and to the Pledged Property against any and all claims
  and demands of any Person adverse to the claims of the Lender.  

                     (e)
  The Pledgor is a corporation, duly organized, validly
  existing, and in good standing in the jurisdiction of its incorporation, with
  full and adequate power to carry on and conduct its business as presently conducted,
  and is duly licensed or qualified in all foreign jurisdictions wherein the nature
  of its activities requires such qualification or licensing, except when the
  failure to be so licensed or qualified would not have a material adverse effect
  on the business, property, assets, operations or financial condition of the
  Pledgor. Each Person executing and delivering this Pledge Agreement on behalf
  of the Pledgor has full right, authorization, power, and capacity to do so.
   

                     (f)
  The Pledgor has full right, power and authority to
  enter into, execute, and deliver this Pledge Agreement, and to perform its obligations
  hereunder. This Pledge Agreement is binding upon, and enforceable against, the
  Pledgor in accordance with its terms. The execution and delivery of this Pledge
  Agreement, and the pledge and grant of a security interest pursuant to the terms
  hereof, have been duly authorized by all necessary corporate and other actions,
  and do not and will not breach, violate, or contravene any law, rule, regulation,
  order, writ, injunction, judgment, decree, charter, bylaw, contract, agreement,
  or instrument to which the Pledgor is a party, by which the Pledgor is bound,
  or to which it or its properties or assets is subject. No notice, filing, approval,
  or consent to, by, or with any Person is required in connection with the execution
  and delivery of this Pledge Agreement or the consummation of the transactions
  contemplated hereby. Pledgor is a wholly-owned subsidiary of Borrower, and based
  upon such relationship, Pledgor has determined that: (1) it is in furtherance
  of Pledgor’s business purposes to enter into this Pledge Agreement and
  perform its obligations hereunder; and (2) the benefits to be derived by Pledgor
  from the execution and delivery by the Borrower of the Loan Agreement also directly
  or indirectly benefit Pledgor and are at least equal to the liabilities and
  obligations created and incurred hereby.  

4 

 
                    (g) The
  Pledgor shall pay any fees, assessments, charges or taxes arising with respect
  to the Pledged Property. In case of failure by the Pledgor to pay any such fees,
  assessments, charges or taxes, the Lender shall have the right, but shall not
  be obligated, to pay such fees, assessments, charges or taxes, as the case may
  be, and, in that event, the cost thereof shall be payable by the Pledgor to
  or for the benefit of the Lender immediately upon demand together with interest
  at the Default Rate of Interest from the date of disbursement by the Lender
  to the date of payment by the Lender.

                    (h) None
  of the Pledged Stock constitutes margin stock, as defined in Regulation U of
  the Board of Governors of the Federal Reserve System.

                    (i) Upon
  the request of the Lender, the Pledgor shall cause the pledge and transfer of
  the Pledged Stock to the Lender pursuant to the terms and conditions of this
  Pledge Agreement to secure the Obligations to be noted in the books and records
  of the issuer of the Pledged Stock, and the Pledgor shall promptly deliver to
  the Lender written confirmation thereof executed by such issuer.

                    (j) None
  of the actions contemplated by this Pledge Agreement are or will be in violation
  of, or restricted by, any restrictive agreement, stop transfer order, any legend
  appearing on any of the certificates evidencing any of the Pledged Stock, the
  Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as
  amended, any state blue-sky or securities laws, any Canadian federal or provincial
  blue-sky or securities laws, or any rule or regulation issued under any of the
  foregoing.

                    (k) The
  Pledgor owns (and shall own at all times until this Pledge Agreement shall be
  terminated as provided herein) 100% issued and outstanding capital stock of
  GBK. The Pledged Subsidiary Shares represent all of the issued and outstanding
  capital stock of GBK.

          5.  Perfection
  Matters. The Pledgor authorizes the Lender to
  file from time to time, and, upon the Lender’s request from time to time,
  the Pledgor will execute, such financing statements, assignments, and other
  documents covering the Pledged Property as may be necessary or appropriate (as
  determined by the Lender) in order to create, evidence, perfect, maintain or
  continue its security interest in the Pledged Property (including additional
  Pledged Property acquired by the Pledgor after the date hereof), and the Pledgor
  will pay the cost of filing the same or reimburse the Lender for filing costs
  in all public offices in which the Lender may deem filing to be desirable as
  well as the costs of any Lien searches which the Lender may request. The Pledgor
  shall, at its cost, deliver to the Lender possession of whatever Pledged Property
  the Lender requests for the purposes of perfecting the Lender’s security
  interest in such Pledged Property by possession, whether or not a financing
  statement is also filed with respect to the Lender’s security interest
  in such Pledged Property. The Pledgor will take, and will cause GBK to take,
  at their cost, such other action and to execute such other documents and instruments,
  as the Lender may from time to time reasonably request relating to the Pledged
  Property and the perfection of the Lender’s security interest therein.

          6.  Events
  of Default.

                    (a) The
  Pledgor shall be in default under this Pledge Agreement upon the

5  

occurrence of any one or more of the following events or conditions (each an “Event of Default”): 

          (i) any
  “Default” under Section 5.1
  of the Loan Agreement;

          (ii) nonpayment
  when due of any of the Obligations relating to the payment of money, whether
  by acceleration or otherwise, or the nonperformance of any other Obligation,
  and the expiration of any applicable cure period provided under the document(s)
  giving rise to any such Obligation without payment or performance, as the case
  may be, being made;

          (iii)
  the Pledgor shall fail or neglect to perform, keep, or observe any provision,
  term, condition, or covenant contained in this Pledge Agreement (except as covered
  by clause (ii) above), and such failure or neglect continues for fifteen (15)
  days;

          (iv) any
  representation or warranty made by the Pledgor in this Pledge Agreement is breached,
  is false, or is misleading as of the date when made (except as covered by clause
  (ii) above);

          (v) any
  breach of any covenant made by the Pledgor in any other instrument, document
  or agreement between the Pledgor and the Lender, which breach remains uncured
  beyond any applicable time period, if any, specifically provided therefor or,
  if no cure period is provided, such breach shall continue for fifteen (15) days;

          (vi) any
  representation or warranty made by the Pledgor in any other instrument, document
  or agreement between the Pledgor and the Lender is breached or is false or misleading
  and the breach, falsehood or state of being misleading continues beyond the
  applicable cure period, if any, specifically provided therefor or, if no cure
  period is provided, such breach shall continue for fifteen (15) days;

          (vii)
  the claim, existence, or creation of any Lien upon any of the Pledged Property
  or the making of any levy, judicial seizure, or attachment thereof or thereon;

          (viii)
  any deterioration or impairment of any of the Pledged Property, or any decline
  or depreciation in the value or market value thereof (whether actual or reasonably
  anticipated), which causes the Pledged Property, in the sole discretion of the
  Lender acting in good faith, to become unsatisfactory with respect to value;
  or

          (ix) the
  Lender in good faith deems itself insecure.

                    (b)
  If an event, act or condition constitutes a default or an event of default in
  more than one Loan Document, the cure period, if any, in each Loan Document
  will be determined independently without regard to the cure period, if any,
  provided in any other Loan Documents.  

           7. Remedies
  upon an Event of Default.  

                     (a)
  From and after the occurrence of an Event of Default, the Lender shall 

 6  

 have all rights, privileges, and remedies
  available under this Pledge Agreement, the Loan Agreement, the Notes, at law,
  in equity, by statute (including, without limitation, Article 9 of the Illinois
  Uniform Commercial Code), or otherwise, including for the protection and enforcement
  of its rights with respect to the Pledged Property, and, in addition to the
  foregoing, the Lender shall have full and irrevocable right, power, and authority,
  without limitation (but is under no obligation to the Pledgor so to do): 

                  (i)
    at the Lender’s discretion, to take any action, including, without limitation,
    the transfer of all or any part of the Pledged Property into the Lender’s
    own name or the name of any nominee for the Lender, which the Lender may deem
    necessary or appropriate to preserve or protect the Lender’s interest
    in any of the Pledged Property. The Lender shall have the right to appoint
    one or more agents for the purpose of retaining physical possession of the
    Pledged Property, which may be held (in the discretion of the Lender) in the
    name of the Pledgor, endorsed or assigned in blank, or in the name of the
    Lender or any nominee or nominees of the Lender;  

                  (ii)
    (a) to collect, withdraw or receive all amounts due or to become due and payable
    upon, in connection with, or relating to, the Pledged Property; (b) to execute
    any withdrawal receipts with respect to the Pledged Property; (c) to endorse
    the name of the Pledgor on any or all documents, instruments or commercial
    paper given in payment of the Pledged Property; and (d) to execute endorsements,
    assignments, or other instruments of transfer or conveyance with respect to
    all or any of the Pledged Property;  

                  (iii)
    after first obtaining all necessary regulatory approvals, vote all or any
    part of the Pledged Property (irrespective of whether transferred into the
    name of the Lender or any nominees) and give all consents, waivers and ratifications
    in respect of the Pledged Property, and otherwise act with respect thereto
    as though it were the outright legal and beneficial owner thereof, and without
    limiting the generality of the foregoing, the Lender shall be entitled to
    receive, hold, invest, use, sell, transfer, assign, and create a Lien upon
    all or any part of the Pledged Property;  

                  (iv)
    at any time or from time to time, sell, resell, assign, and deliver, or grant
    options to purchase, all or any part of the Pledged Property, or any interest
    therein, in one or more parcels, at any public or private sale, upon such
    terms and conditions as the Lender may deem proper, without demand of performance,
    advertisement or notice of intention to sell or of the time or place of sale
    or adjournment thereof or to redeem or otherwise (all of which are hereby
    waived by the Pledgor to the full extent permitted by law), for cash, on credit,
    or for other property, for immediate or future delivery without any assumption
    of credit risk and for such price or prices and on such terms as the Lender
    in its absolute discretion may determine; provided that the Lender will give
    the Pledgor reasonable notice of the time and place of any public sale thereof,
    or of the time after which any private sale or other intended disposition
    is to be made unless, in the sole discretion of the Lender, any of the Pledged
    Property threatens to decline in value or is or becomes a type sold on a recognized
    market, in which event, no notice shall be required. If any of the Pledged
    Property is sold by the Lender upon credit for future delivery, the Lender
    shall not be liable for the failure of the purchaser to purchase or pay for
    such Pledged Property. The Lender may apply the net proceeds (after deducting
    all costs,  

7 

   expenses, and fees (including attorneys’
    and brokers’ fees) incurred or paid in connection with the collection,
    protection, sale, and delivery of the Pledged Property, all of which shall
    be charged to, and the responsibility of, the Pledgor) to the payment of the
    Obligations, returning the excess proceeds, if any, to the Pledgor. The Lender
    may purchase any or all of the Pledged Property being sold at each public
    or private sale of Pledged Property, free from any equity or right of redemption,
    which are hereby waived and released to the full extent permitted by law,
    and may offset payment therefor against the Obligations. The Pledgor shall
    remain liable for any deficiency or other amount remaining unpaid after any
    sale and application set forth herein. In no event shall the Pledgor be credited
    with any part of the proceeds of any sale of any Pledged Property until cash
    payment therefor has been actually received by the Lender. Any requirements
    of reasonable notice shall be met if such notice is mailed to the Pledgor
    as provided in Section 16
    hereof, at least ten (10) days before the time of the sale or disposition.
    Any sale of any of the Pledged Property conducted in conformity with customary
    practices of banks, insurance companies or other financial institutions disposing
    of property similar to the Pledged Property shall be deemed to be commercially
    reasonable. Any remaining Pledged Property shall remain subject to the terms
    of this Pledge Agreement; and  

                  (v)
    collect any and all money due or to become due and enforce in the Pledgor’s
    name all rights with respect to the Pledged Property.  

                          (b)
  The Pledgor hereby acknowledges that, notwithstanding that a higher price might
  be obtained for the Pledged Property at a public sale than at a private sale
  or sales, the making of a public sale of the Pledged Property may be subject
  to registration requirements and other legal restrictions, compliance with which
  could require such actions on the part of the Pledgor or the Lender, could entail
  such costs and expenses, and could subject the Lender and any underwriter through
  whom the Pledged Property may be sold and any controlling Person of any thereof,
  to such liabilities as would make the making of a public sale of the Pledged
  Property impractical. Accordingly, the Pledgor hereby agrees that private sales
  made by the Lender may be made at prices and on other terms less favorable to
  the seller than if the Pledged Property were sold at public sale, and that the
  Lender shall not have any obligation to take any steps or actions to permit
  the Pledged Property to be sold at a public sale complying with the requirements
  of federal and state securities and similar laws. The Pledgor agrees that private
  sales made under the foregoing circumstances shall for all purposes be deemed
  to have been made in a commercially reasonable manner. The Pledgor further agrees
  to use all commercially reasonable efforts to do or cause to be done all such
  other acts as may be necessary to make any sale or sales of all or any portion
  of the Pledged Property valid and binding and in compliance with any and all
  other applicable requirements of law.  

                     (c)
  Unless prohibited by law, the Pledgor agrees, and agrees to cause GBK, to give
  the Lender, any prospective purchaser (pursuant to Section
  7(a) and (b) above) of the Pledged Property, and
  their respective representatives, full access to further information (including,
  without limitation, records, files, correspondence, tax work papers and audit
  work papers) relating to or concerning the Pledged Property, the Pledgor and
  GBK.  

           8.
  Remedies Cumulative. Each right, power and remedy
  of the Lender provided in this Pledge Agreement or now or hereafter existing
  at law, in equity, by statute or otherwise shall  

8 

 be cumulative and concurrent and shall
  be in addition to every other right, power or remedy provided for in this Pledge
  Agreement or now or hereafter existing at law, in equity, by statute, or otherwise.
  The exercise or partial exercise by the Lender of any one or more of such rights,
  powers or remedies shall not preclude the simultaneous or later exercise by
  the Lender of all such or other rights, powers or remedies, and no failure or
  delay on the part of the Lender to exercise any such right, power or remedy
  shall operate as a waiver thereof.  

           9.
  Waiver of Defenses. None of the following shall
  affect the rights of the Lender in the Pledged Property: (a) any renewal or
  extension of the time of payment of the Obligations; (b) any release or surrender
  of, or failure to perfect, protect, or enforce, any security interest for the
  Obligations; (c) any release of any Person primarily or secondarily liable on
  the Obligations (including any maker, endorser, or guarantor); (d) any delay
  in enforcement of payment of the Obligations; and (e) any delay or omission
  in exercising any right or power with respect of the Obligations or any security
  agreement securing the Obligations. The Pledgor hereby irrevocably and unconditionally
  waives: (i) any notice of each of the foregoing; and (ii) presentment, protest,
  demand, notice of dishonor, notice of default, notice of event of default, notice
  of loans made, or other actions taken, and all demands, notices, and formalities
  of any type or nature.  

           10.
  Waiver. Waiver by the Lender of an Event of Default
  hereunder, or of any breach of the provisions of this Pledge Agreement by the
  Pledgor, or any right of the Lender hereunder, shall not constitute a waiver
  of any other Event of Default or breach or right, nor the same Event of Default
  or breach or right on a future occasion.  

           11.
  Severability. Whenever possible, each provision
  of this Pledge Agreement shall be interpreted in such manner as to be effective
  and valid under applicable law, but, if any provision of this Pledge Agreement
  shall be held to be prohibited or invalid under applicable law, such provision
  shall be ineffective only to the extent of such prohibition or invalidity, without
  invalidating the remainder of such provision or the remaining provisions of
  this Pledge Agreement.  

           12.
  Custody of the Pledged Property. The Lender’s
  sole duty with respect to the custody, safekeeping, and physical preservation
  of the Pledged Property in its possession, under the Uniform Commercial Code
  or otherwise, shall be to deal with it in the same manner as the Lender deals
  with similar securities and property for its own account. The Lender may, but
  is not required to, take such action as the Lender deems appropriate at any
  time and from time to time to maintain, protect, and preserve the Pledged Property.
  Neither the Lender nor any of its affiliates, directors, officers, employees,
  or agents shall be liable for failure to demand, collect, or realize upon any
  of the Pledged Property or for any delay in doing so. The Pledgor shall have
  the sole responsibility for taking such action as may be necessary or appropriate
  to maintain, protect, and preserve all rights of the Pledgor and the Lender
  in the Pledged Property against prior or third parties. In no event shall the
  Lender have any liability or responsibility for any matter beyond the control
  of the Lender, including, without limitation, acts of God, war, terrorism, insurrection,
  riot, governmental action, or act of any corporate or other depository. 

           13.
  Obligations Absolute. The obligations of the Pledgor
  under this Pledge Agreement shall be absolute and unconditional and shall remain
  in full force and effect without regard to, and shall not be released, discharged
  or in any way impaired by any circumstance  

9 

 whatsoever, including without limitation:
  (i) any amendment or modification of the Notes, the Loan Agreement, or any document
  or instrument provided for herein or therein or related thereto, or any assignment,
  transfer or other disposition of any thereof; (ii) any waiver, consent, extension,
  indulgence or other action or inaction under or in respect of any such document
  or instrument or any exercise or non-exercise of any right, remedy, power or
  privilege under or in respect of any such document or instrument or this Pledge
  Agreement; (iii) any bankruptcy, insolvency, reorganization, arrangement, readjustment,
  composition, liquidation or similar proceeding with respect to the Pledgor or
  any of its properties or creditors; (iv) any limitation on the Pledgor’s
  liabilities or obligations under any such instrument or any invalidity or unenforceability,
  in whole or in part of any such document or instrument or any term thereof;
  whether or not the Pledgor shall have notice or knowledge of the foregoing;
  or (v) any payment made upon, or with respect to, the Loan Agreement, unless
  all of the Obligations shall be fully and unconditionally satisfied in full
  and this Pledge Agreement shall terminate.  

           14.
  Termination. This Pledge Agreement shall terminate
  only at such time as the Obligations have been fully paid and discharged and
  the commitment of the Lender to make Advances to the Borrower has terminated.
  At the time of such termination, the Lender, at the request and expense of the
  Pledgor, will execute and deliver to the Pledgor a proper instrument or instruments
  acknowledging the satisfaction and termination of this Pledge Agreement, and
  will duly assign, transfer and deliver to the Pledgor such of the Pledged Property
  as has not yet theretofore been sold or otherwise applied or released pursuant
  to this Pledge Agreement. 

           15.
  Further Assurances. The Pledgor, at its expense,
  will duly execute, acknowledge and deliver all such documents and instruments
  including, financing statements and endorsements, and take all such actions
  as the Lender from time to time may reasonably request in order to effectuate
  further the purposes of this Pledge Agreement and to carry out the terms hereof
  and to evidence, perfect, maintain, and enforce the Lender’s first priority
  security interest in the Pledged Property. The Pledgor, at its expense, will
  at all times cause this Pledge Agreement (or a proper notice or statement in
  respect hereof) to be duly recorded, published and filed and rerecorded, republished
  and refiled in such manner and in such places, if any, and will pay or cause
  to be paid all such recording, filing and other taxes, fees and charges, if
  any, and will comply with all such statutes and regulations, if any, as may
  be required by law in order to establish, perfect, preserve and protect the
  rights and security interests of the Lender hereunder.  

           16.
  Notices. All communications provided for or related
  hereto shall be given in accordance with Section
  6.3 of the Loan Agreement.  

           17.
  Attorney-in-Fact. From
  and after the occurrence of an Event of Default, the Pledgor hereby appoints
  the Lender as the Pledgor’s attorney-in-fact for the purpose of carrying
  out the provisions of this Pledge Agreement and taking any action and executing
  any document and instrument that the Lender may deem necessary or advisable
  to accomplish the purposes of this Pledge Agreement. This appointment is irrevocable
  and coupled with an interest. Without limiting the generality of the foregoing,
  the Lender shall have the right and power to receive, endorse, and collect all
  checks and other orders for the payment of money made payable to the Pledgor
  representing any interest or dividend or distribution payable with respect to
  the Pledged Property, and to give full discharge for the same  

10 

 
            18.
  Waiver of Subrogation Rights.
  So long as the Obligations remain outstanding and unpaid, the Lender has any
  obligation to make any loan or advance to Borrower, or this Agreement shall
  remain in effect, the Pledgor hereby: (a) expressly, unconditionally, and irrevocably
  waives, to the full extent permitted by law, on behalf of itself and its successors
  and permitted assigns, any and all rights at law or in equity to subrogation,
  reimbursement, exoneration, contribution, indemnification, set-off, and each
  other right that could accrue to a surety, guarantor, or the holder of any claim
  in connection with, or as a result of, the Pledgor’s execution and delivery
  of this Pledge Agreement and the performance of its obligations hereunder, or
  any other document to which the Pledgor is a party or otherwise; (b) expressly,
  unconditionally, and irrevocably waives any “claim” (as defined in
  the United States Bankruptcy Code, as amended) of any nature against the Borrower,
  and further agrees that it shall not have or assert any “claim” against
  any other Person; and (c) acknowledges and agrees that this waiver is intended
  to benefit the Lender and shall not limit the Pledgor’s liability under
  this Pledge Agreement.  

           19.
  Amendments. Any
  term of this Pledge Agreement may be amended only with the written consent of
  the Pledgor and the Lender. Any amendment effected in accordance with this Section
  19 shall be binding upon each holder of any of
  the Notes at the time outstanding, each future holder of any of the Notes and
  the Pledgor.  

           20.
  Assigns. This
  Pledge Agreement and all rights and liabilities hereunder and in and to any
  and all Pledged Property shall inure to the benefit of the Lender and its successors
  and assigns, and shall be binding on the Pledgor and the Pledgor’s successors
  and assigns; provided, however, the Pledgor may not assign its rights or liabilities
  hereunder or to any of the Pledged Property without the prior written consent
  of the Lender.  

           21.
  Miscellaneous.
  This Pledge Agreement embodies the entire agreement and understanding between
  the Lender and the Pledgor and supersedes all prior agreements and understandings
  relating to the subject matter hereof. The headings in this Pledge Agreement
  are for purposes of reference only and shall not limit or otherwise affect the
  meaning hereof. The Pledge Agreement may be signed by facsimile in one or more
  counterparts, each of which shall be deemed an original and all of which together
  shall constitute one and the same instrument.  

           22.
  Governing Law.
  THIS PLEDGE AGREEMENT HAS BEEN NEGOTIATED, EXECUTED AND DELIVERED AT, AND SHALL
  BE DEEMED TO HAVE BEEN MADE AT, CHICAGO, ILLINOIS. THE REVOLVING LOAN REFERENCED
  HEREIN IS TO BE FUNDED AND REPAID AT, AND THIS PLEDGE AGREEMENT IS OTHERWISE
  TO BE PERFORMED AT, CHICAGO, ILLINOIS AND THIS PLEDGE AGREEMENT SHALL BE INTERPRETED,
  AND THE RIGHTS AND LIABILITIES OF THE PARTIES HERETO DETERMINED, IN ACCORDANCE
  WITH THE INTERNAL LAWS OF THE STATE OF ILLINOIS WITHOUT REFERENCE TO: (a) ITS
  JUDICIALLY OR STATUTORILY PRONOUNCED RULES REGARDING CONFLICT OF LAWS OR CHOICE
  OF LAW; (b) WHERE ANY OTHER AGREEMENT IS EXECUTED OR DELIVERED; (c) WHERE ANY
  PAYMENT OR OTHER PERFORMANCE REQUIRED BY ANY SUCH AGREEMENT IS MADE OR REQUIRED
  TO BE MADE; (d) WHERE ANY BREACH OF ANY PROVISION OF ANY SUCH AGREEMENT OCCURS,
  OR ANY CAUSE OF ACTION OTHERWISE ACCRUES; (e) WHERE ANY ACTION OR OTHER PROCEEDING
  IS INSTITUTED OR  

11 

 
 PENDING; (f) THE NATIONALITY, CITIZENSHIP,
  DOMICILE, PRINCIPAL PLACE OF BUSINESS, OR JURISDICTION OR ORGANIZATION OR DOMESTICATION
  OF ANY PARTY; (g) WHETHER THE LAWS OF THE FORUM JURISDICTION OTHERWISE WOULD
  APPLY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF ILLINOIS; OR (h) ANY
  COMBINATION OF THE FOREGOING. AS PART OF THE CONSIDERATION FOR NEW VALUE THIS
  DAY RECEIVED, THE PLEDGOR RECOGNIZES THAT THE LENDER’S PRINCIPAL OFFICES
  ARE LOCATED IN CHICAGO, ILLINOIS AND THAT THE LENDER MAY BE IRREPARABLY HARMED
  IF REQUIRED TO INSTITUTE OR DEFEND ANY ACTIONS AGAINST THE PLEDGOR IN ANY JURISDICTION
  OTHER THAN THE NORTHERN DISTRICT OF ILLINOIS OR COOK COUNTY, ILLINOIS; THEREFORE,
  THE PLEDGOR IRREVOCABLY (i) AGREES THAT ANY SUIT, ACTION OR OTHER LEGAL PROCEEDING
  RELATING TO THE PLEDGE AGREEMENT AND/OR THE REVOLVING LOAN REFERENCED HEREIN
  MAY BE BROUGHT IN THE NORTHERN DISTRICT OF ILLINOIS, IF FEDERAL JURISDICTION
  IS AVAILABLE, AND, OTHERWISE, IN THE CIRCUIT COURT OF COOK COUNTY, AT THE LENDER’S
  OPTION; (ii) CONSENTS TO THE JURISDICTION OF EACH SUCH COURT IN ANY SUCH SUIT,
  ACTION OR PROCEEDING; (iii) WAIVES ANY OBJECTION WHICH THE PLEDGOR MAY HAVE
  TO THE LAYING OF VENUE IN ANY SUCH SUIT, ACTION OR PROCEEDING IN EITHER SUCH
  COURT; AND (iv) AGREES TO JOIN THE LENDER IN ANY PETITION FOR REMOVAL TO EITHER
  SUCH COURT BROUGHT BY THE LENDER. THE PLEDGOR WAIVES ANY OBJECTION TO JURISDICTION
  AND VENUE OF ANY ACTION INSTITUTED HEREUNDER IN THE COURTS REFERENCED IN SECTION
  22(i) ABOVE AND AGREES NOT TO ASSERT ANY DEFENSE
  BASED ON LACK OF JURISDICTION OR VENUE IN THE COURTS REFERENCED IN SECTION
  22(i) ABOVE. NOTHING CONTAINED HEREIN SHALL AFFECT THE RIGHT OF THE LENDER
  TO SERVE LEGAL PROCESS IN ANY MANNER PERMITTED BY LAW OR AFFECT THE RIGHT OF
  THE LENDER TO BRING ANY ACTION OR PROCEEDING AGAINST THE PLEDGOR OR ITS PROPERTY
  IN THE COURTS OF ANY OTHER JURISDICTION.  

[Remainder of Page Intentionally Left Blank]
   

  

 

12  

      CERTAIN
  WAIVERS AND ACKNOWLEDGEMENTS. THE PLEDGOR HEREBY
  KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT THAT IT MAY HAVE TO
  A TRIAL BY JURY IN ANY LITIGATION ARISING IN ANY WAY IN CONNECTION WITH THIS
  PLEDGE AGREEMENT, THE LOAN AGREEMENT, THE NOTES OR ANY OF THE OTHER LOAN DOCUMENTS,
  OR ANY OTHER STATEMENTS OR ACTIONS OF THE PLEDGOR OR THE LENDER. THE PLEDGOR
  ACKNOWLEDGES THAT IT HAS BEEN REPRESENTED IN THE SIGNING OF THIS PLEDGE AGREEMENT
  AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL SELECTED OF ITS
  OWN FREE WILL, AND THAT IT HAS DISCUSSED THIS WAIVER WITH SUCH LEGAL COUNSEL.
  THE PLEDGOR FURTHER ACKNOWLEDGES THAT (a) IT HAS READ AND UNDERSTANDS THE MEANING
  AND RAMIFICATIONS OF THIS WAIVER, (b) THIS WAIVER HAS BEEN REVIEWED BY THE PLEDGOR
  AND THE PLEDGOR’S COUNSEL AND IS A MATERIAL INDUCEMENT FOR LENDER TO ENTER
  INTO THE PLEDGE AGREEMENT AND THE OTHER LOAN DOCUMENTS, AND (c) THIS WAIVER
  SHALL BE EFFECTIVE AS TO EACH OF SUCH OTHER LOAN DOCUMENTS AS FULLY INCORPORATED
  THEREIN.  

     IN WITNESS WHEREOF, the parties hereto have caused this Pledge Agreement to be executed as of the date first above written. 

GBC KANSAS, INC. 

   By: /s/ Rick J. Tremblay        
                    
           

          Name: Rick J. Tremblay
    

          Title: Vice President  

 BANK ONE, NA  

   By: /s/ Doug Gallun      
                    
                    

          Name: Doug Gallun

          Title: First Vice President

 

13 

SCHEDULE 1 

 Pledged Subsidiary Shares

  

	Subsidiary

           	Certificate Number	Number of Shares Covered
	Gold Bank	13	72,000

  

 

 

 

 

 

14

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