Document:

<![CDATA[Agreement of Lease among Oxford Development Company & TriState Capital Holdings]]>

 Exhibit 10.4 
 AGREEMENT OF LEASE 
 between 

OXFORD DEVELOPMENT COMPANY/GRANT STREET, Landlord 
 and 
 TRISTATE CAPITAL HOLDINGS, INC., Tenant 

For 
 Premises in

 One Oxford Centre 
 Pittsburgh, Pennsylvania 
 DATED: August 29, 2006 

 TABLE OF CONTENTS 

 

							
	SECTION	 	 	  	PAGE	 
			
	 1.
	 	 Parties
	  	 	4	  
	 2.
	 	 Premises
	  	 	4	  
	 3.
	 	 Term
	  	 	4	  
	 4.
	 	 Holding Over
	  	 	5	  
	 5.
	 	 Rent
	  	 	5	  
	 6.
	 	 Security Deposit
	  	 	6	  
	 7.
	 	 Rental Adjustments For Taxes and Expenses
	  	 	6	  
	 8.
	 	 Use of Premises
	  	 	9	  
	 9.
	 	 Construction of Premises
	  	 	10	  
	 10.
	 	 [Reserved)
	  			
	 11.
	 	 Alterations
	  	 	10	  
	 12.
	 	 Building Services
	  	 	10	  
	 13.
	 	 Assignment and Subletting
	  	 	11	  
	 14.
	 	 Access to Premises
	  	 	14	  
	 15.
	 	 Repairs
	  	 	15	  
	 16.
	 	 Surrender of Premises
	  	 	16	  
	 17.
	 	 Waiver of Claims
	  	 	16	  
	 18.
	 	 Tenant Liability, Indemnification and Insurance
	  	 	17	  
	 19.
	 	 Fire or Other Casualty
	  	 	19	  
	 20.
	 	 Subordination, Mortgagee’s Approval and Attornment
	  	 	20	  
	 21.
	 	 Eminent Domain
	  	 	20	  
	 22.
	 	 Estoppel Certificate
	  	 	21	  
	 23.
	 	 Bankruptcy
	  	 	21	  
	 24.
	 	 [Reserved]
	  			
	 25.
	 	 Defaults and Remedies
	  	 	22	  
	 26.
	 	 Non-Waiver
	  	 	22	  
	 27.
	 	 Exoneration
	  	 	24	  
	 28.
	 	 Relocation of Tenant
	  	 	24	  
	 29.
	 	 Quiet Enjoyment
	  	 	25	  
	 30.
	 	 Sprinklers
	  	 	25	  
	 31.
	 	 Unavoidable Delay
	  	 	25	  
	 32.
	 	 Non-Disruption
	  	 	26	  
	 33.
	 	 Successors
	  	 	26	  
	 34.
	 	 Governing Law
	  	 	26	  
	 35.
	 	 Severability
	  	 	26	  
	 36.
	 	 Captions and Interpretation of Lease Provisions
	  	 	26	  
	 37.
	 	 Gender
	  	 	27	  
	 38.
	 	 Waiver of Trial by Jury
	  	 	27	  
	 39.
	 	 Notices
	  	 	27	  
	 40.
	 	 Brokers
	  	 	27	  
	 41.
	 	 Execution
	  	 	28	  
	 42.
	 	 Modifications
	  	 	28	  
	 43.
	 	 Rules and Regulations
	  	 	28	  
	 44.
	 	 No Representations by Landlord
	  	 	28	  
	 45.
	 	 Entire Agreement
	  	 	28	  
	 46.
	 	 Definitions
	  	 	29	  
	 47.
	 	 [Reserved]
	  			
	 48.
	 	 Hazardous Waste
	  	 	29	  
	 49.
	 	 Corporate Tenant
	  	 	30	  
	 50.
	 	 Financial Statement
	  	 	30	  
	 51.
	 	 Americans With Disabilities Act
	  	 	30	  
	 52.
	 	 Rental Statement
	  	 	31	  
	 53.
	 	 Utility Deregulation
	  	 	31	  
	 54.
	 	 Parking
	  	 	31	  

  
 2 

									
	 55.
	  	 Good Faith and Fair Dealing
	  	 	32	  
		  	 Signatures
	  	 	32	  
				
	 EXHIBITS
	  	“A”	  	 Plan of Premises
	  			
		  	“B”	  	 Work Letter and Tenant Construction Procedures
	  			
		  	“C”	  	 Cleaning Specifications
	  			
		  	“D”	  	 Rules and Regulations
	  			
		  	“E”	  	 Definition and Calculation of Rentable Area
	  			

  
 3 

 AGREEMENT OF LEASE 
 PARTIES 1. 
 THIS AGREEMENT OF LEASE is made as
of the 29th day of August, 2006, between OXFORD
DEVELOPMENT COMPANY/GRANT STREET, a Pennsylvania limited partnership, having its principal office at One Oxford Centre, Suite 4500, Pittsburgh, Pennsylvania 15219, hereinafter called “Landlord”, and TRISTATE CAPITAL HOLDINGS, INC., a
Pennsylvania corporation, having its principal office at One Oxford Centre, Suite 2700, Pittsburgh, PA 15219, hereinafter called “Tenant”. 
 PREMISES 2. 
 Landlord hereby leases to Tenant
and Tenant hereby hires from Landlord that certain space known as Suite 2700 having a Rentable Area (as that capitalized term is hereinafter defined) of approximately 23,129 square feet on the 27th floor (“Premises”), as shown on the Plan attached hereto
as Exhibit “A”, in the building known as One Oxford Centre, located at 301 Grant Street, Pittsburgh, Pennsylvania 15219, sometimes hereinafter referred to as “Building”. For purposes of this Lease, the term “Office
Building”, as sometimes hereinafter used, shall refer to and be construed to mean only the office portion of One Oxford Centre, being the portions of the 3rd through 45th floors inclusive devoted to office use, while the term “Retail
Areas”, as sometimes hereinafter used, shall refer to and be construed to mean the remainder of One Oxford Centre. 

TERM 3. 
 (a) The term of this Lease and Tenant’s obligation to pay Rent hereunder shall commence on the earlier of (i) the 150th day after this Lease is fully executed, and (ii) the date following Substantial Completion of the Premises when
Tenant shall be able to take possession of and have full use and occupancy of the Premises except for the completion of minor punch list items (“Commencement Date”). 
 (b) The term of this Lease shall end at midnight on the last day of the 141st calendar month following the Commencement Date. 
 (c) Additionally, from the date upon which the Demised Premises are made available to Tenant for Tenant’s work, Tenant shall perform promptly such of its obligations contained in this Lease and/or
any of the Exhibits attached hereto as are to be performed by it prior to the beginning of the term including, without limitation, its obligation to pay charges for all work pursuant to this Lease, but excepting its obligation to pay Rent and Rental
Adjustments for Taxes and Operating Expenses. 
 (d) As an additional inducement for Tenant to enter into this Lease, Landlord
hereby agrees to reimburse Tenant for up to six Rivers Club membership initiation fees upon presentation by Tenant of invoices therefor. 

  
 4 

 HOLDING OVER 4. 

If Tenant retains possession of the Premises or any part thereof after the termination of the term of this Lease by lapse of time or
otherwise, Tenant shall pay to Landlord Rent, as liquidated damages and not as a penalty, 125% of the Basic Monthly Rent specified in Section 5 hereof, adjusted according to the provisions of Section 7 hereof, for each month or portion
thereof Tenant thus remains in possession. Nothing herein shall be construed to constitute Landlord’s consent to Tenant holding over after the expiration of the term. If Landlord is unable to deliver possession of the Premises to a new tenant
or to perform improvements for a new tenant as a result of Tenant’s holdover and Tenant fails to vacate the Premises within 15 days after notice from Landlord, Tenant shall be liable for all damages that Landlord suffers from the holdover.

 RENT 5. 
 Tenant shall pay to Landlord at its aforesaid principal office or at such other place as Landlord may designate from time to time in writing to Tenant, as basic yearly rent, (“Basic Annual Rent”
or “Rent”), payable on or before the first business day of each calendar month in equal monthly installments in United States currency (sometimes hereinafter referred to as “Basic Monthly Rent”), in advance and without demand,
beginning at the Commencement Date of the term and continuing until the expiration of said term, without any deduction or set-off whatsoever as follows. 
 BASE RENT: 
  

																									
	 Commencement Date thru 3rd Calendar Month
	
  
	  	$	28,341.67	  	  	 	/MO.	  	  	$	340,100.00	  	  	 	/YR.	  
	 Months 4
	  	 	THRU	  	  	 	6	  	  	$	35,431.25	  	  	 	/MO.	  	  	$	425,175.00	  	  	 	/YR.	  
	 Months 7
	  	 	THRU	  	  	 	12	  	  	$	42,514.58	  	  	 	/MO.	  	  	$	510,175.00	  	  	 	/YR.	  
	 Months 13
	  	 	THRU	  	  	 	60	  	  	$	48,185.42	  	  	 	/MO.	  	  	$	578,225.00	  	  	 	/YR.	  
	 Months 61
	  	 	THRU	  	  	 	141	  	  	$	56,858.79	  	  	 	/MO.	  	  	$	682,305.00	  	  	 	/YR.	  

 Tenant shall pay the first full monthly installment upon the execution hereof and Landlord acknowledges
receipt of such full month’s installment by its execution of this Lease. In addition, in the event the term of this Lease commences on a day other than the first business day of a calendar month, Tenant shall pay to the Landlord, on or before
the Commencement Date of the term, a pro rata portion of the Basic Monthly Rent, such pro rata portion to be based on the number of days remaining in such partial month after the Commencement Date of the term. The first full monthly installment,
paid upon the execution of this Lease, shall then be applied to the second month’s Rent installment. Tenant hereby covenants and agrees to pay the Rent hereby reserved as and when due, and also all other sums of money, rental adjustments,
charges or other amounts required to be paid by Tenant to Landlord or to another person under this Lease, which shall be deemed to be additional rent to be paid in addition to the Rent provided for herein (“Additional Rent”). Nonpayment of
such Additional Rent when due shall constitute a default under this Lease to the same extent, and shall entitle the Landlord to the same remedies, as nonpayment of Rent. 

  
 5 

 SECURITY DEPOSIT 6. 
 Within ten days after the full execution of this Lease, Tenant shall establish a deposit account in Tenant’s name with Lehman Brothers or other financial institution acceptable to Landlord (the
“Account Holder”), such account to hold, unencumbered by any other lien or interest, $300,000.00 (the “Account”). The Account will be established for the sole purpose of serving as security for the full and faithful performance
of the terms, covenants and conditions of this Lease. Simultaneously with opening the Account, Tenant shall deliver to Landlord a Pledge or Assignment of Account (the “Pledge of Account”), in form and substance satisfactory to the Account
Holder and Landlord, whereby Landlord is granted a perfected first lien security interest in the Account in order to secure Tenant’s obligations under this Lease. In the event default shall be made in the payment of Rent or Additional Rent
required to be paid by Tenant, or default shall be made by Tenant in the performance of any of the other covenants, agreements or conditions by it to be kept and performed hereunder, Tenant hereby authorizes Landlord, at its election, without
notice, except as otherwise required by this Lease, and without terminating this Lease, to enforce its right under the Pledge of Account to apply the principal of the Account funds in payment of Rent or Additional Rent due hereunder or in remedying
any other default hereunder. Any action taken by Landlord under this Section shall not be construed to be a waiver of any of its other rights available under this Lease by law, or in case of subsequent default, of any of its rights to enforce any
remedy available to Landlord by law or under the provisions of this Lease, including the remedies set forth in this Section. 

Once Tenant provides Landlord with verification that the following three conditions have been satisfied, and as long as Tenant is not
then in default under this Lease beyond any applicable cure or grace periods, Landlord shall release its security interest in the Account in such form as the Account Holder and Tenant may require: 

 

	 	(1)	Tenant has received approval of its deposit insurance application by the Federal Deposit Insurance Corporation; 

 

	 	(2)	Tenant is a state chartered bank, licensed and regulated by the Pennsylvania Department of Banking; and 

 

	 	(3)	Tenant has obtained and deposited at least $35,000,000.00 in capital funding in order to commence its business operation. 

RENTAL ADJUSTMENTS FOR EXPENSES 7. 
 In addition to the Basic Annual Rent provided in Section 5, Tenant shall pay to Landlord, as Additional Rent, the following rental adjustments with respect to each calendar year or part thereof
during the term of this Lease. For purposes of this Lease, the following terms shall be defined as follows: 
 (a)
“Rentable Area” is defined and shall be computed in the manner specified in Exhibit “E” which is attached hereto and made a part hereof. 
 (b) “Base Year” is defined as calendar year 2007. 
 (c)
“Tenant’s Percentage” is defined as the ratio that the number of square feet of Rentable Area in the Premises bears to the number of square feet of Rentable Area in the Building Tenant’s Percentage being agreed to be 2.73%.

  
 6 

 (d) “Taxes” are defined for purposes of this Lease as including, but not limited
to (a) Real Property Taxes in an amount obtained by multiplying the assessed values of the land upon which the Building is situated and of the Building for such year by the then applicable respective tax rates (millage) for land and for
buildings, and Personal Property Taxes, ad valorem or specific or otherwise, levied upon, or with respect to Landlord and/or tenant improvements, and any furniture, fixtures, machinery, and equipment used in the operation of the Building;
(b) assessments (on the same schedule of payments incurred by Landlord), general or special (whether or not for work commenced or completed during the term of this Lease); (c) any tax or excise in addition thereto or substitution thereof
levied by any governmental authority upon or in respect or by reason of ownership, leasing, operation or occupancy of the Land and/or the Building, and incurred by Landlord, and any tax against Landlord on rents and/or additional rents from the
Building, including, without limitation, the Pittsburgh Business Privilege Tax (but excluding income and excess profits taxes, franchise, capital stock, and inheritance taxes, and licenses, inspection, and permit fees); (d) any water charges
and/or sewer rents which may be assessed, levied, confirmed, or imposed on or in respect of or be a lien upon the Land and/or the Building; and (e) any and all reasonable fees, costs, and expenses incurred by Landlord in negotiating, appealing,
or contesting any of the foregoing items specified above in (a) through (d). If at any time during the term of this Lease the methods of taxation prevailing as of the date hereof shall be altered so that in lieu of, or as an addition to or as a
substitute for the whole or any part of the taxes, assessments, levies impositions or charges non-levied, assessed or imposed on real estate and the improvements thereof there shall be levied, assessed and imposed, (i) a tax, assessment, levy,
imposition or charge wholly or partially as a capital levy or otherwise on the rents received therefrom or (ii) a tax, assessment, levy, imposition or charge measured by or based in whole or in part upon the Premises and imposed upon Landlord,
or (iii) a licensed fee measured by the rent payable by tenants to Landlord or (iv) any other such additional or substitute tax, assessment, levy, imposition or charge, then all such taxes, assessments, levies, impositions or charges or
the part thereof so measured or based shall also be deemed to be included within the term “Taxes” for the purpose hereof. 
 (1) Commencing with the first calendar year following the Base Year and continuing for each calendar year thereafter throughout the term, including the calendar year in which the Lease terminates, Tenant
shall pay to Landlord (in the manner set forth and as defined below) Tenant’s Percentage of the excess, if any, in the Taxes for such calendar year over the Taxes for the Base Year. 

(a) Commencing on January 1 of the calendar year following the Base Year, and on January 1 of each calendar year thereafter
during the term hereof, the Basic Monthly Rent shall be increased by an amount equal to that amount derived by multiplying Tenant’s Percentage times two and one-half (2.5%) percent of the prior calendar year’s Taxes and then dividing
by twelve (12), which amount shall apply on account of the “Rental Adjustment for Taxes” (as that term is hereinafter defined) payable by Tenant in respect of the then current calendar year. 

(b) Within a reasonable amount of time after the end of each calendar year, Landlord shall furnish Tenant a statement, in reasonable
detail, of the actual Taxes incurred and paid by Landlord for that calendar year. If the Taxes for the Base Year shall be less than the actual taxes incurred and paid for any such calendar year, Tenant’s Percentage of such difference shall be
hereinafter referred to as the “Rental Adjustment for Taxes.” 

  
 7 

 (c) If, at the end of any calendar year, it is determined that the aggregate of the monthly
increase amounts in respect of Taxes paid by Tenant for such calendar year (pursuant to subsection (a) above) is less than the actual amount of the Rental Adjustment for Taxes payable hereunder by Tenant, the deficiency shall be payable by
Tenant within thirty (30) days from the sending of a statement by Landlord to Tenant, and if Tenant shall have paid an excess, it shall apply on account of Rent due or next to become due from Tenant to Landlord. 

(2) Should Landlord recover, by legal proceedings or otherwise, taken by Landlord in its sole discretion, Taxes paid by Landlord in
respect of any calendar year, Tenant’s Percentage of such recovery (net of costs incurred in obtaining such recovery) shall be treated as a deduction from the Rental Adjustment for Taxes payable by Tenant for the calendar year following the
calendar year in which the recovery is received, by crediting Tenant’s next due and payable Basic Monthly Rent. 
 (e)
“Operating and Maintenance Expenses” are defined as (a) all those expenses of every kind and character incurred during each year in respect of the operation, management and maintenance of the Land and Building in accordance with
accepted principles of sound management and generally accepted accounting principles as applied to the operation, management and maintenance of first class office buildings in Pittsburgh, Pennsylvania, including without limitation premiums for all
insurance carried by Landlord, plus (b) those additional expenses which Landlord reasonably determines it would have so incurred during each year had the Building been one hundred (100%) percent occupied. Such “Operating and
Maintenance Expenses” shall not include (i) expenses for any capital improvements made to Land or Building or Premises, including without limitation, improvements of every nature (except that capital expenses for improvements which result
in savings of labor or other costs to Landlord shall be included at the cost of such improvements amortized over the useful life of the improvement); (ii) expenses for repairs or other work occasioned by fire, windstorm or other insured
casualty, or where the same is required to be performed by Landlord hereunder; (iii) expenses incurred in leasing or procuring new tenants (i.e., lease commissions, advertising expenses and expenses of renovating space for new tenants);
(iv) legal expenses in enforcing the terms of any lease (excepting, any legal expense incurred by Landlord in enforcing the terms of a lease, when such enforcement, in the sole reasonable discretion of Landlord, imparts a benefit to all tenants
of the Building; for example, by way of illustration, but not in limitation of the foregoing, expenses incurred by Landlord in enjoining conduct by a tenant which is injurious to the safety or reputation of the Building); (v) interest of any
nature, including without limitation, amortization payments on any mortgage or mortgages; (vi) overhead and profit inducement paid to subsidiaries or affiliates of Landlord for services on or to the land or Building to the extent that the costs
of such services exceed the cost that an independent third party would charge for providing such services; (vii) any compensation paid to clerks, attendants or other persons in commercial concessions operated by Landlord; (viii) the
purchase of sculpture, paintings or other objects of art; (ix) wages, salaries or other compensation paid to any executive employees above the grade of building superintendent; and (x) depreciation of the Building. Additionally, it is
understood that there may be one or more tenants in the Building who will directly provide, at their own cost and expense, a service(s) to their own respective leased premises which would otherwise be provided by Landlord (e.g. janitorial service),
the cost of which service (had it been so provided by Landlord) would ordinarily be included in Operating and Maintenance Expenses. Since the Rentable Area of any such other tenant would nonetheless be included in the calculation of the Building
Percentage and in 

  
 8 

 
the calculation of Tenant’s Percentage, the following adjustment to the calculation of annual Operating and Maintenance Expenses shall be made in the above described situation. The actual
annual expenses incurred by Landlord for any such service(s) (e.g., janitorial service, as aforesaid), which Landlord has provided to less than all of the tenants in the Building (which expense is a component in calculating annual Operating and
Maintenance Expenses for the Building) shall be increased by that amount which Landlord reasonably determines it would have additionally incurred had it actually provided such service(s) to any such other tenant(s) in the Building. By way of
example, if a tenant in the Building (when 100% occupied) who occupies fifty (50%) percent of the Rentable Area in the Building contracts directly for janitorial service for its leased premises (as opposed to Landlord’s providing such
service), then the janitorial service expense actually incurred by Landlord in any such year would be doubled before it is added into the calculation of actual Operating and Maintenance Expenses for each year. 

(1) Commencing with the first calendar year following the Base Year and continuing for each calendar year thereafter throughout the term,
including the calendar year in which the Lease terminates, Tenant shall pay to Landlord (in the manner set forth and as defined below) Tenant’s Percentage of the excess, if any, in the Operating and Maintenance Expenses for such calendar year
over the Operating and Maintenance Expenses for the Base Year. 
 (a) Commencing on January 1 of each calendar year
following the Base Year, the Basic Monthly Rent (as the same may have already been adjusted in prior years pursuant to this section) shall be increased by an amount equal to that amount derived by multiplying Tenant’s Percentage times a
percentage determined by Landlord (but not to exceed 5%) of the prior calendar year’s Operating and Maintenance Expenses and then dividing by twelve (12), which amount shall apply on account of the “Rental Adjustment for Operating and
Maintenance Expenses” (as that term is hereinafter defined) payable by Tenant in respect of the then current calendar year. 
 (b) Within a reasonable amount of time after the end of each calendar year, Landlord shall furnish Tenant a statement, in reasonable detail, of the actual Taxes incurred and paid by Landlord for that
calendar year. If the Taxes for the Base Year shall be less than the actual taxes incurred and paid for any such calendar year, Tenant’s Percentage of such difference shall be hereinafter referred to as the “Rental Adjustment for
Taxes.” 
 (c) If, at the end of any calendar year, it is determined that the aggregate of the monthly increase amounts in
respect of Taxes paid by Tenant for such calendar year (pursuant to subsection (a) above) is less than the actual amount of the Rental Adjustment for Taxes payable hereunder by Tenant, the deficiency shall be payable by Tenant within thirty
(30) days from the sending of a statement by Landlord to Tenant, and if Tenant shall have paid an excess, it shall apply on account of Rent or Additional Rent, or both, due or next to become due from Tenant to Landlord. 

USE OF PREMISES 8. 
 Tenant shall use and occupy the Premises, subject to the certificate of occupancy for the Building, for general office and/or a bank licensed by the Pennsylvania Department of Banking offering private
banking and private wealth management services. Tenant shall not use or occupy the Premises for any other purposes or business without the prior written consent of Landlord. Tenant shall observe and comply with all applicable governing laws,
statutes, ordinances, rules, regulations and the Rules and Regulations attached hereto as 

  
 9 

 
Exhibit “D” and made part hereof. All such Rules and Regulations shall apply to Tenant and its employees, agents, licensees, invitees, subtenants, contractors, subcontractors and
assignees. 
 CONSTRUCTION OF PREMISES 9. 
 Tenant shall be entitled to perform certain initial improvements to the Premises in order to prepare the Premises for Tenant’s occupancy. Such initial improvement work shall be performed in
accordance with the terms and conditions contained in the Work Letter attached hereto. 
 [Reserved] 10.

 ALTERATIONS 11. 
 Tenant shall make no alterations, installations, additions, improvements or changes in or to the Premises without the prior written consent of Landlord. However, Landlord’s consent shall not be
required for any Alteration that satisfies all of the following criteria (a “Permitted Alteration”): (a) is not visible from the exterior of the Premises or Building; (b) will not affect structural portions of the Building, a
public restroom, or any mechanical, electrical or plumbing system or equipment located in the internal core of the Building on the floor on which the Premises are located; (c) does not require work to be performed inside the walls or above the
ceiling of the Premises, and (d) the cost of which does not exceed $50,000.00. Permitted Alterations shall be subject to all the other provisions of this Section 11. Additionally, notwithstanding the foregoing, Tenant acknowledges that the
conduit and telephone lines contained in the Building reaching from the demarcation room in the basement to the various floors of the Building are the property of Landlord. To the extent Tenant desires to use any such conduit or lines, it must first
obtain Landlord’s approval and secondly must have any lines which it intends to use tested by a qualified telephone installer to assure they are not already in use. Upon approval, Tenant may use same, but Landlord shall not be responsible for
the quality, quantity, lack of sufficiency of service provided by such lines or conduit, nor shall Landlord be responsible to maintain, repair or replace said lines or conduit. 

Failure to obtain such consent or violation by Tenant of any of the terms or conditions of such consent or of this Section 11 shall
constitute a default and breach of this Lease by Tenant, and Landlord may pursue any or all of the remedies provided for in this Lease. If Landlord grants such consent, Tenant, at least fifteen (15) days before commencement of any work or
delivery of materials to the Premises or Building, shall furnish to Landlord plans and specifications, necessary approvals and permits, names and addresses of all contractors and subcontractors, and indemnification in form and amount satisfactory to
Landlord. Tenant shall perform or cause to be performed such work in such a manner so as not to unreasonably interfere with or impair the use and enjoyment of any other portion of the Building by Landlord and/or other tenants and, if required by
Landlord, in its sole reasonable discretion, Tenant shall do or cause such work to be done after business hours and on weekends and holidays. All such alterations, installations, additions, improvements, or changes, along with the construction and
other items of work done pursuant to Section 9 hereof, shall become a part of the Premises when made and shall remain upon and be surrendered with the Premises at the end of the term, provided, however, that if at the time of Tenant’s
request for approval of any alterations, installations, additions, improvements or changes Landlord notifies Tenant that the same will have to be removed at the end of the term. Tenant shall promptly remove the alterations, installations, additions,

  
 10 

 
improvements, phone and data cabling, switches and termination blocks or changes which were placed in the Premises by Tenant and which are designated in said notice. No notice shall be required,
and Tenant shall be obligated to remove, Alterations that are not standard office improvements, such as personal baths and showers, vaults, rolling file systems, and safe deposit boxes. Tenant shall repair any damage occasioned by such removal, and,
in default thereof, Landlord may effect said removals and repairs at Tenant’s expense. Tenant agrees to hold Landlord forever harmless from and to indemnify Landlord for and defend Landlord against any and all claims and liabilities of every
kind and description which may arise out of or be connected in any way with said improvements, installations, alterations, additions or changes. Tenant shall pay the cost of all such improvements, installations, alterations, additions or changes,
and also the costs of decorating or redecorating the Premises and the Building occasioned by such improvements, installations, alterations, additions or changes. Tenant hereby covenants and agrees not to place or permit to be placed any lien or
liens on or against the Premises and/or the Building. Further, Tenant does hereby waive, relinquish and disclaim any right or power to cause any lien to attach to the Landlord’s interest in the Premises and/or the Building, and
Tenant does hereby agree to hold harmless, indemnify and defend Landlord from and against any such lien or liens. Tenant agrees to pay all sums of money in respect of any labor, services, materials, supplies or equipment furnished or alleged to have
been furnished to Tenant in or about the Premises and/or Building which may be secured by any mechanic’s, materialmen’s or other lien against the Building or the Landlord’s interest therein and will cause each such lien to be
discharged at the time performance of any obligation secured thereby matures, provided that Tenant may contest such lien, but if such lien is reduced to final judgment and if such judgment or process thereon is not stayed, or if stayed and said stay
expires, then and in each such event Tenant shall forthwith pay and discharge said judgment. Landlord shall have the right to post and maintain on the Premises, notices of nonresponsibility under the laws of the Commonwealth of Pennsylvania. Upon
completing such improvements, installations, alterations, additions or changes, Tenant shall furnish Landlord with contractors’ affidavits and full and final waivers of lien and receipted bills covering all labor and materials expended and
used. All such improvements, installations, alterations, additions or changes shall comply with all insurance requirements and with all laws, ordinances, rules and regulations of all governmental authorities, and shall be constructed in good and
workmanlike manner, and only good grades of materials shall be used. Tenant shall permit Landlord to inspect construction operations in connection with such work, provided such inspection shall not unreasonably interfere with Tenant’s use and
occupancy of the Premises. If Tenant desires signal, communication, alarm or other utility or service connections installed or changed, the same may, at Landlord’s option, be provided by Landlord at the expense of Tenant. At the time that
Tenant requests Landlord’s consent to an Alteration that will be paid for entirely by Tenant, Tenant shall have the right to also notify Landlord that Tenant will remove the Alteration at the end of the term. If Tenant so notifies Landlord,
Tenant shall obligated to remove the item at the end of the term and to restore the affected area. 
 BUILDING SERVICES 12.

 Landlord shall provide, in accordance with Exhibits “B” and “C” attached hereto and made a part
hereof, the following services and facilities: 
 (a) Air conditioning, ventilation and heating during the hours from 7:30 A.M.
to 6:30 P.M. on normal business days, and from 8:00 A.M. to 1:00 P.M. on Saturdays (hereinafter “Normal Building Hours”), and at other hours as Tenant 

  
 3-15-07
CHANGED TIME 7:00 AM to 8 PM    M – THURSDAY 8:00 AM to 3 PM – SAT. 
 11 

 
may request, provided that such request shall be made prior to 12:00 noon in the case of after hours service on Monday through Friday and prior to 12:00 noon on Friday for after-hours service on
weekends. Requests shall be made in writing and delivered to the Building office. Tenant shall pay to Landlord Landlord’s cost for providing any after hours service. Landlord will establish the hourly cost of such service including reasonable
physical depreciation based upon the anticipated operating life of the equipment (but not to the extent that such depreciation is already accommodated for in operating expense calculations) at or prior to the Commencement Date, which cost is
presently estimated to be One Hundred Forty Five and 00/100($145.00) Dollars plus tax (subject to annual CPI adjustment) per hour per floor, and shall from time to time notify Tenant in writing of changes in such cost. Landlord will render to Tenant
and Tenant shall promptly pay monthly bills for such service. 
 The air conditioning system will provide interior conditions of
75 degrees Fahrenheit dry bulb and fifty-five (55%) percent relative humidity when outside conditions are 95 degrees Fahrenheit dry bulb and 74 degrees Fahrenheit wet bulb, except to the extent such services shall be limited by any governmental
authority. The heating system for the Building shall be capable of maintaining 70 degrees Fahrenheit based on outdoor conditions of 5 degrees Fahrenheit, except to the extent such services shall be limited by governmental authority. Notwithstanding
any limitation imposed by governmental authority on the actual operation of the air conditioning and heating systems, such systems, except during periods to accommodate required maintenance and repairs, shall at all times have the operating
capabilities set forth above. 
 Landlord will maintain the air conditioning systems, and will use all reasonable care to keep
the same in proper and efficient operating condition; but Landlord will not be responsible for the failure of the air conditioning system to meet the requirements hereinbefore specified if such failure results from the occupancy of the Premises by
more than an average of one person for each 150 square feet of rentable area or if Tenant installs and operates machines, appliances and lighting fixtures, including Building Standard lighting fixtures in the ceiling, which exceed a total of three
(3) watts of connected load per square foot of useable area. 
 Tenant agrees to cooperate fully with Landlord and to abide
by all the regulations and requirements which Landlord may reasonably prescribe for the proper functioning and protection of the heating, ventilating and air conditioning systems. Tenant also agrees to abide by all governmental regulations regarding
heating and cooling and agrees to indemnify Landlord for any liabilities imposed upon Landlord for Tenant’s failure to do so. 
 (b) Continuous passenger elevator service during normal business days and hours, and service via at least one (1) car at all other times. 

(c) Janitor service, including the removal of debris, cleaning of space, dusting of furniture, desks and pictures, and vacuuming.

 (d) Hot and cold water for Building Standard lavatory facilities and cold water for drinking fountains. If Tenant requires
significant additional quantities of water for any additional purposes, Tenant shall pay the cost thereof as shown on a meter to be installed and maintained at Tenant’s expense to measure such consumption. 

  
 12 

 (e) Relamping and reballasting in the common areas of the Building. However, relamping and
reballasting in Tenant’s Premises shall be performed by Landlord at Tenant’s direction and at Tenant’s sole cost and expense. 
 (f) The parties acknowledge that safety and security devices, services and programs provided by Landlord, if any, while intended to deter crime and ensure safety, may not in given instances prevent theft
or other criminal acts, or ensure safety of persons or property. The risk that any safety or security device, service or program may not be effective, or may malfunction, or be circumvented by a criminal, is assumed by Tenant with respect to
Tenant’s property and interests, and Tenant shall obtain insurance coverage to the extent Tenant desires protection against such criminal acts and other losses. Tenant reserves the right to install an electronic security system in the Premises.
Landlord and Tenant shall cooperate fully in the installation and operation of the system. The system shall be installed in a manner that does not detract in any way from the aesthetics of the Building. 

Building services include a manned security desk on the lobby level of the Building. However, Tenant is solely responsible for providing security within
its Premises. Tenant understands, acknowledges and agrees that no Landlord security personnel will be assigned to monitor activities in the Common Areas on the floor on which the Premises are located LANDLORD MAKES NO REPRESENTATION OR WARRANTY,
AND HEREBY DISCLAIMS ALL WARRANTIES, INCLUDING IMPLIED WARRANTIES OF SUITABILITY OR FITNESS FOR ANY PARTICULAR USE, WITH RESPECT TO ANY SECURITY SYSTEM INSTALLED BY LANDLORD SERVING THE PREMISES, THE BUILDING AND/OR THE COMMON AREAS. 

Basic Annual Rent includes consumption of electricity for Building Standard 277-volt lightning fixtures installed in the Premises and for
normal small business machines including without limitation computers, security systems and devices (but not supplemental HVAC equipment, nor for the consumption of electricity used in the Premises of a total connected load in excess of a total of 3
watts per square foot of Useable Area connected to Building Standard 120-volt, single phase outlets during normal business days and hours. Tenant shall pay monthly to Landlord, as Additional Rent, 1) Landlord’s actual cost of electricity plus
tax for any electricity used in conjunction with a request to have Landlord supply lighting after Normal Business Hours (such hourly amount being subject to escalation based upon electricity costs) and 2) for the consumption of electricity used in
the Premises for servers or supplemental HVAC equipment, and for the consumption of electricity of a total connected load in excess of a total of 3 watts per square foot of Useable Area, at a rate computed on Landlord’s average cost per
kilowatt hour, determined by dividing the total kilowatt hours used into the total cost of the utility company’s invoices paid for the Building for the prior month. The amount of total connected load in the Premises in excess of 3 watts per
square foot of Useable Area shall be determined by Landlord’s reasonable estimate, or, if requested by Tenant, by an engineering analysis and/or study, such analysis and/or study to be at Tenant’s cost. Except as otherwise provided in this
Lease, Landlord shall not be liable for failure of and/or lack of supply in the electric current. 
 Landlord shall not be
liable to Tenant and except as expressly provided in this paragraph, there shall be no abatement or diminution in Rent or Additional Rent in the event of the suspension, delay or stoppage of any of the services to be furnished and provided by
Landlord under this Lease, whenever occasioned by reason of fire, storm, explosion, strike, lockout, labor dispute, casualty or accident, lack or failure of sources of supply of labor, energy or fuel (or inability in the exercise of reasonable
diligence to obtain any required energy or fuel), acts of God or the public enemy, riots, interferences 

  
 13 

 
by civil or military authorities in compliance with the laws of the United States of America or with the laws, orders or regulations of any governmental authority, or by reason of any other cause
beyond Landlord’s control, or for emergency, or for inspection, cleaning, repairs, replacements, alterations, or improvements which, in Landlord’s reasonable judgment, are desirable or necessary to be made, Landlord may suspend any such
service until completion of any such work, which Landlord covenants and agrees to use commercially reasonable efforts to complete in a timely manner. Notwithstanding the foregoing, Tenant shall have the following remedies in the event of any
interruption in the furnishing of services, it being understood that these remedies are Tenant’s exclusive remedies in the event of a service interruption: 
 (i) If an Essential Service Failure (as defined below) occurs with respect to the Demised Premises or any portion thereof (“Affected Area”), Tenant shall promptly deliver to Landlord notice
(which may be oral, so long as it is confirmed in writing within one (1) business day) (“Cure Notice”) describing the Essential Service Failure and the Affected Area. “Essential Service Failure” shall mean complete
electrical outage, complete unavailability of any elevator service, complete loss of plumbing, or complete unavailability of heating, ventilation or air conditioning to the Affected Area which materially and adversely affects Tenant’s ability
to conduct business operations in the Affected Area. 
 (ii) If the Essential Service Failure is caused by Landlord or is
within Landlord’s reasonable control to remedy and continues for five (5) consecutive business days from the date the Cure Notice is received, Tenant shall be entitled to an abatement of Rent (allocable to the Affected Area) after the
expiration of the five (5) consecutive business day period and continuing until the date the Essential Service Failure is remedied, provided, however, that Tenant shall be entitled to such abatement only to the extent Tenant has actually
vacated the Affected Area. 
 (iii) If the Essential Service Failure is not caused by Landlord and is not within
Landlord’s reasonable control to remedy and continues for ten consecutive business days from the date the Cure Notice is received, Tenant shall be entitled to an abatement of Rent (allocable to the Affected Area) after the expiration of the ten
consecutive business day period and continuing until the date the Essential Service Failure is remedied, provided, however, that Tenant shall be entitled to such abatement only to the extent Tenant has actually vacated the Affected Area. 

(iv) Notwithstanding anything to the contrary herein, this Section 12 shall not apply where an Essential Service Failure occurs due
to casualty or condemnation to the Premises or the Building, in which event Articles 19 and 21 of this Lease shall control. 

ASSIGNMENT AND SUBLETTING 13. 
 Tenant shall not assign, transfer, mortgage or otherwise encumber this Lease or sublet or permit to be occupied or used by anyone other than Tenant or TriState Capital Bank, a wholly-owned subsidiary of
Tenant currently in formation, or its or their employees all or any part of the Premises without Landlord’s prior written consent, which Landlord agrees to not unreasonably withhold or delay. It will not be unreasonable for Landlord to withhold
consent if the reputation, financial responsibility, or business of the proposed assignee or subtenant is unsatisfactory to Landlord, or if Landlord deems such business not consonant with that of other tenants in the Building, or if the proposed
assignee or subtenant is a present of the Building. 

  
 14 

 Such written request for Landlord’s consent shall contain (a) the name, address,
and description of the business of the proposed assignee or subtenant, (b) the proposed assignee’s or subtenant’s most recent financial statement and any other evidence of financial responsibility, (c) a statement of the intended use
of the Premises, and (d) the terms and conditions of the proposed assignment or subletting. Within ten (10) days from receipt of such request that includes all of the required information, Landlord shall grant or refuse consent. Tenant
acknowledges that Landlord’s loan agreement obligates Landlord to present any such request to Landlord’s lender in the event the proposed transfer changes any of the terms and conditions hereunder, in which event the lender shall have
twenty days following Landlord’s receipt of Tenant’s request to approve or reject same. If the lender does not approve the transfer, Landlord shall not approve the transfer. 

In the event that any subletting or assignment, even with the consent of Landlord, results in rental income or other charges in an amount
greater than provided in this Lease, attributable to the sublet or assigned space, then such excess shall be shared equally between Landlord and Tenant. Similarly, in the event that Tenant should receive from its subtenant or assignee any
consideration for the making of such subletting or assignment, even if such subletting or assignment is consented to by Landlord, such consideration shall be shared equally between Landlord and Tenant. 

Each assignee shall assume, and be deemed to have assumed, this Lease and be and remain liable jointly and severally with Tenant for all
payments and for the due performance of all terms, covenants and conditions herein contained on Tenant’s part to be paid and performed. No assignment shall be binding upon Landlord unless the assignee shall deliver to Landlord an instrument
containing a covenant of assumption by the assignee, but the failure or refusal of an assignee to execute the same shall not release such assignee from its liability as set forth herein. 

Any consent by Landlord shall not constitute a waiver of strict future compliance by Tenant or any transferee(s) of the provisions of
this Section 13 or a release of Tenant from the full performance by it of the covenants on its part herein contained. 

ACCESS TO PREMISES 14. 
 Landlord, its employees and agents shall have the right to enter the Premises at all reasonable times and in a manner that does not interfere with Tenant’s business for the purpose of examining or
inspecting the same, showing the same to prospective purchasers, mortgagees, of the Building, performing cleaning and maintenance, and making such alterations, repairs, improvements or additions to the Premises or to the Building as Landlord may
deem necessary or desirable. If representatives of Tenant shall not be present to open and permit entry into the Premises at any time when such entry by Landlord is necessary or permitted hereunder, Landlord, its employees and agents may enter by
means of a master key (or forcibly in the event of an emergency), without liability of Landlord to Tenant and without such entry constituting an eviction of Tenant or termination of this Lease. Notwithstanding the foregoing, Landlord, its employees,
agents and invitees shall comply at all times with all security policies and procedures that Tenant adopts, from time to time, in accordance with applicable law governing financial institutions, including without limitation policies and procedures
that pertain to data integrity and security to the extent applicable to Landlord’s day to day activities and operations at the Building. Tenant agrees to provide Landlord with necessary information as

  
 15 

 
to such policies and procedures as they are adopted, implemented and revised, from time to time during the Term. 
 REPAIRS 15. 
 Landlord shall make all repairs and replacements
necessary to maintain the plumbing, air conditioning and electrical systems, windows, common walls and floors (excluding floor coverings), except repairs or replacements of Tenant’s trade fixtures and property and installations which Tenant was
obligated to make or which were performed by Landlord or others at Tenant’s request. All such repairs and replacements made by Landlord shall be made in a manner consistent with the operation of first class office buildings in Pittsburgh,
Pennsylvania. The cost of such repairs made by Landlord shall be included in “Operating and Maintenance Expenses.” It is provided, however, that Landlord shall not be obligated for any of such repairs until the expiration of a reasonable
period of time after receipt of written notice from Tenant that such repairs are needed. Should any damage caused by any act, omission or negligence of the Tenant or its employees, agents, invitees, licensees, subtenants, contractors, subcontractors
or assignees, Tenant shall be responsible to pay the costs of repair; provided however, if the damage is covered by Landlord’s insurance, Tenant shall be required to pay the deductible. 

Tenant shall take good care of the Premises and the fixtures and appurtenances therein. Tenant shall, at its sole cost and expense,
repair and replace all damage or injury to the Premises and Building and to fixtures and equipment therein caused by Tenant or its employees, agents, invitees, licensees, subtenants, contractors, subcontractors, or assignees as the result of all or
any of them moving in or out of Building or by installation or removal of furniture, fixtures or other property. All repairs and replacements shall be in quality and class equal to the original, undamaged condition. If Tenant fails to make such
repairs or replacements, the same may be made by Landlord and such expense shall be collectible as Additional Rent and paid by Tenant within fifteen (15) days after rendition of a bill therefor. 

Landlord shall take all necessary precautions so as to prevent any material inconvenience, injury to, disruption or interference with
Tenant’s business arising from Landlord’s making of any repairs, alterations, additions or improvement in or to the Premises or the Building or to any appurtenances or equipment therein. There shall be no abatement of Rent because of such
repairs, alterations, additions or improvements, except as may be specifically provided in Section 19 hereof. Landlord covenants to use commercially reasonable efforts to implement such repairs, alterations, additions or improvements in a
timely and expeditious manner. 
 SURRENDER OF PREMISES 16. 

Upon the termination of this Lease by lapse of time or otherwise, Tenant shall surrender the Premises together with all alterations,
additions, and improvements thereto (except as otherwise agreed pursuant to Section 11), in broom-clean condition and in good order and repair, except for ordinary wear and tear and damage for which Tenant is not obligated to make repairs under
this Lease, failing which Landlord may restore the Premises to such condition and Tenant shall pay the reasonable cost thereof. Upon such termination (except as otherwise agreed pursuant to Section 11), all installations, alterations,
additions, hardware and improvements, including partitions which may have been installed by either Landlord or Tenant upon the Premises, shall remain upon the Premises and shall be Landlord’s property, all without compensation, allowance,

  
 16 

 
or credit, except that Tenant’s trade fixtures and furniture shall remain Tenant’s property, and Tenant shall have the right prior to such termination to remove the same. It is
specifically agreed that Tenant’s covenants set forth in sub-sections (i) and (ii) above shall survive the termination of this Lease. 
 TENANT EXPRESSLY WAIVES TO LANDLORD THE BENEFIT TO TENANT OF 68 P. S. SECTION 250.501, APPROVED APRIL 6, 1951, ENTITLED “LANDLORD AND TENANT ACT OF 1951”, AS MAY BE AMENDED FROM TIME TO TIME,
REQUIRING NOTICE TO QUIT UPON THE EXPIRATION OF THE TERM OF THIS LEASE OR AT THE EXPIRATION OF ANY EXTENSION OR RENEWAL THEREOF, OR UPON ANY EARLIER TERMINATION OF THIS LEASE, AS HEREIN PROVIDED. TENANT COVENANTS AND AGREES TO VACATE, REMOVE FROM
AND DELIVER UP AND SURRENDER THE POSSESSION OF THE PREMISES TO LANDLORD UPON THE EXPIRATION OF THE TERM OR UPON THE EXPIRATION OF ANY EXTENSION OR RENEWAL THEREOF, OR UPON ANY EARLIER TERMINATION OF THIS LEASE, AS HEREIN PROVIDED, WITHOUT SUCH
NOTICE, IN THE CONDITION AS REQUIRED ABOVE. 
 WAIVER OF CLAIMS 17. 

Tenant agrees that Landlord, its agents, employees and servants shall not be liable for, and Tenant waives all claims against Landlord,
its agents, employees and servants for injury to person or damage to property sustained by Tenant or any other person occurring in or about the Building or the Premises, resulting directly or indirectly from any existing or future condition, defect,
matter or thing in the Premises, the Building or any part thereof or from equipment or appurtenances becoming out of repair or from accident, or from any occurrence or act, or omission of Landlord, its agents, employees or servants, or of any tenant
or occupant of Building, or of any other person, unless any of the foregoing shall be either (i) caused by or due to the negligence of Landlord, its agents, employees or servants, or (ii) caused by Landlord’s breach of its repair and
maintenance obligations under this Lease. This Section 17 shall apply especially, but not exclusively, to property damage caused as aforesaid or by the flooding of basements or other areas or by bursting or leakage from pipes, plumbing
fixtures, refrigerators, sprinkling devices, air conditioning apparatus, or by water, snow, frost, steam, excessive heat or cold, falling plaster, broken glass, sewage, gas, and shall apply regardless of the fault. It is the intention of the parties
that Tenant shall look solely to its own insurance carrier for reimbursement for such damage, and without such insurance carrier having any rights of subrogation against Landlord, all as more fully set out in Section 18. 

TENANT LIABILITY, INDEMNIFICATION AND INSURANCE 18 
 (a) Tenant covenants and agrees to provide on or before the commencement of the term and to keep in force during the entire term of this Lease: (1) commercial general liability insurance for the
mutual benefit of Landlord and Tenant relating to the Premises and its appurtenances in an amount of not less than $2,000,000.00 in respect of personal injury or death and of not less than $500,000.00 in respect of property damage, which insurance
shall name Landlord as an additional insured; (2) fire and extended coverage, vandalism, malicious mischief and special extended coverage insurance in an amount adequate to cover the cost of replacement of all leasehold or building improvements
in the Premises which were originally constructed or provided by or on behalf of Tenant, at Tenant’s cost, as well as the cost of replacement of all fixtures, equipment, decoration, contents and personal property therein; Tenant agrees to
deliver to Landlord at least fifteen (15) days prior to the time such insurance is first required to be carried by Tenant, and thereafter at least fifteen (15) days prior to the expiration of any such policy, either a duplicate original or
a certificate and true copy of all policies procured by Tenant in compliance 

  
 17 

 
with its obligations hereunder, together with evidence of payment therefor. Tenant shall, within thirty (30) days after the Commencement Date of the term, provide Landlord with a list of all
leasehold and building improvements in the Premises and their value, and shall update the same throughout the term of this Lease upon written request by Landlord. 
 (b) All of the aforesaid insurance shall be written by one or more responsible insurance companies reasonably satisfactory to Landlord; all such insurance may be carried under a blanket policy covering
the Premises and any other of Tenant’s offices or properties and shall contain endorsements that: (1) such insurance may not be canceled, or fail to be renewed, or amended with respect to Landlord and/or its designee(s), except upon ten
(10) days prior written notice, by certified mail-return receipt requested, to Landlord and/or such designee(s) from the insurance company; and (2) Tenant shall be solely responsible for payment of premiums for such insurance. 

(c) The minimum limits of the commercial general liability policy of insurance shall in no way limit or diminish
Tenant’s liability under subsection (d) hereof and shall be subject to increase at any time after the
36th month of this Lease and only after Landlord has
determined that such increased coverage is customary in the Pittsburgh Central Business District market place and will apply to all tenants in the Building. 
 (d) Tenant will indemnify, save harmless, and defend Landlord from and against any and all claims and demands in connection with any accident, injury or damage whatsoever caused to any person or property
arising directly or indirectly out of the business conducted in the Premises or occurring in, on or about the Premises or any part thereof, or arising directly or indirectly from any act or omission of Tenant or any assignee, concessionaire or
subtenant or their respective licensees, servants, agents, employees, or contractors, and from and against any and all costs, expenses and liability incurred in connection with any such claim or proceeding brought thereon. The comprehensive general
liability coverage maintained by Tenant pursuant to subsection (a) above shall specifically insure the contractual obligations of Tenant as set forth herein. 
 (e) Tenant agrees, at its own cost and expense, to comply with all of the rules, regulations and recommendations of the Fire Insurance Rating Organization having jurisdiction and any similar body. If, at
any time and from time to time, as a result of or in connection with any failure by Tenant to comply with the foregoing sentence or any act of omission or commission by Tenant, its employees, contractors or licensees, or as a result of or in
connection with the use to which the Premises are put (notwithstanding that such use may be for the purposes hereinbefore permitted or that such use may have been consented to by Landlord), the fire insurance rate(s) and/or rent insurance rates
applicable to the Premises, or the Building in which same are located, or to any other premises in said Building, or to any adjacent property owned or controlled by Landlord or an affiliate of Landlord, and/or to the contents in any or all of the
aforesaid properties shall be higher than that which would be applicable for the least hazardous type of occupancy legally permitted therein, Tenant agrees that it will pay to Landlord, on demand, as Additional Rent, such portion of the premiums for
all fire insurance policies and/or rent insurance in force with respect to the aforesaid property and the contents of any occupant thereof as shall be attributable to such higher rate(s). If Tenant installs any electrical equipment that overloads
the lines in the Premises or the Building in which the Premises are located, Tenant shall, at its own cost and expense, promptly make whatever changes are necessary to remedy such condition and to comply with all requirements of the

  
 18 

 
Landlord and the Fire Insurance Rating Organization and any similar body and any governmental authority having jurisdiction thereof. For the purpose of this paragraph, any finding or schedule of
the Fire Insurance Rating Organization having jurisdiction thereof shall be deemed to be conclusive. In the event that this Lease so permits and Tenant engages in the preparation of food or packaged foods or engages in the use, sale or storage of
flammable or combustible material, Tenant shall install chemical extinguishing devices (such as ansul) approved by the Fire Insurance Rating Organization having jurisdiction and shall keep such devices under service as required by such organization.
If gas is used in the Premises, Tenant shall install gas cutoff devices (manual and automatic). 
 (f) Each insurance policy
carried by Landlord or Tenant and insuring all or any part of the Building, the Premises, including improvements, alterations and changes in and to the Premises made by either of them and Tenant’s trade fixtures or contents therein, shall be
written in a manner to provide that the insurance company waives all right of recovery by way of subrogation against Landlord or Tenant, as the case may be, in connection with any loss or damage to the Premises or the Building in which the Premises
are located, or to property or business caused by any of the perils covered by fire and extended coverage, building and contents, and business interruption insurance, for which either party may be reimbursed as a result of insurance coverage
affecting any loss suffered by it. Neither Landlord nor Tenant shall be liable to the other for any such loss or damage, provided, however, that the foregoing waivers of liability given by Landlord and Tenant to each other shall apply only to the
extent of any recovery made by the parties hereto under any policy of insurance now or hereafter issued. 
 (g) Landlord agrees
to maintain: (1) commercial general liability insurance relating to the Building and its common areas on an occurrence basis in commercially reasonable amounts; (2) fire and extended coverage, vandalism, malicious mischief and special
extended coverage insurance to the extent of the replacement value of the Building and improvements originally constructed, and paid for, by Landlord, at its own cost and expense. Upon request of Tenant, Landlord shall provide evidence of such
insurance. 
 FIRE OR OTHER CASUALTY 19. 
 (a) Should the Premises (or any part thereof) be damaged or destroyed by fire or other casualty insured under the standard fire and casualty insurance policy with approved standard extended coverage
endorsement applicable to the Premises, Landlord shall, except as otherwise provided herein, and to the extent Landlord’s mortgagee authorizes the use of insurance proceeds, repair and/or rebuild the same with reasonable diligence.
Landlord’s obligation hereunder shall be limited to the Building and improvements originally provided by Landlord at the Commencement Date of the term of this Lease. Landlord shall not be obligated to repair, rebuild or replace any property
belonging to Tenant or any leasehold or building improvements in the Premises which were originally constructed or provided by or on behalf of Tenant at Tenant’s cost. If there should be a substantial interference with the operation of
Tenant’s business in the Premises as a result of such damage or destruction which requires Tenant to temporarily close its business to the public, the Basic Annual Rent shall abate. Unless this Lease is terminated by Landlord as hereinafter
provided, Tenant shall, at its cost and expense, repair, restore, redecorate and refixture the Premises and restock the contents thereof in a manner and to at least a condition equal to that existing prior to such damage or destruction, except for
the Building and improvements to be reconstructed by Landlord as above set forth, and the proceeds of all insurance carried by Tenant on the 

  
 19 

 
property, decorations and improvements, as well as fixtures and contents in the Premises, shall be held in trust by Tenant for such purposes. Tenant agrees to commence such work within ten
(10) days after the date of such damage or destruction or the date Landlord completes any reconstruction required to be completed by it pursuant to the above, whichever date is later, and Tenant shall diligently pursue such work to its
completion. 
 (b) Notwithstanding anything to the contrary contained in the preceding subsection (a) or elsewhere in this
Lease, Landlord, at its option, may terminate this Lease on thirty (30) days notice to Tenant, given within ninety (90) days after the occurrence of any damage or destruction if (1) the Premises be damaged or destroyed as a result of
a risk which is not covered by Landlord’s insurance, or (2) the Premises be damaged and the cost to repair the same shall be more than fifty percent (50%) of the cost of replacement thereof, or (3) the Premises be damaged during
the last one (1) year of the term of this Lease, or (4) the Building in which the Premises are located shall be damaged to the extent of twenty-five percent (25%) or more of the then monetary value thereof (whether the Premises be
damaged or not), or (5) if the Building in which the Premises are located is damaged (whether or not the Premises are damaged) to such an extent that, in the sole judgment of Landlord, the Building cannot be operated as an integral unit.

 (c) Except to the extent specifically provided for in this Lease, none of the rentals payable by Tenant, nor any of
Tenant’s other obligations under any provisions of this Lease, shall be affected by any damage to or destruction of the Premises or Building by any cause whatsoever. 
 SUBORDINATION, MORTGAGEE’S APPROVAL AND ATTORNMENT 20. 
 The
Landlord reserves the right and privilege to subject and subordinate this Lease at all times to the lien of any mortgage or mortgages now or hereafter placed upon the Landlord’s interest in the said Premises and Building of which said Premises
are a part (the holder of any such mortgage hereinafter referred to as mortgagee), and to any and all advances to be made under such mortgages, and all renewals, modifications, extensions, consolidations and replacements thereof. 

Tenant covenants and agrees to execute and deliver, upon demand, such further instrument or instruments subordinating this Lease on the
foregoing basis to the lien of any such mortgage or mortgages as shall be desired by the Landlord and any mortgagees or proposed mortgagees. 
 Tenant shall, in the event of the sale or assignment of Landlord’s interest in the Building, or in the event of any proceedings brought for the foreclosure of, or in the event of the exercise of the
power of sale under any mortgage covering the Building, attorn to and recognize such purchaser or mortgagee as Landlord under this Lease, and in any such events, Landlord named herein shall not thereafter be liable on this Lease. 

EMINENT DOMAIN 21. 
 If the Land or the Building, or any portion thereof which includes a substantial part of the Premises or which prevents the operation of the Building, shall be taken or condemned by any competent
authority for any public use or purpose, the term of this Lease shall end upon, and not before, the date when the possession of the part so taken shall be required by the condemning authority for such use or purpose, and without apportionment of the
condemnation award. Current Rent shall be apportioned as of the date of such 

  
 20 

 
termination. If any condemnation proceeding shall be instituted in which it is sought to take or damage any part of the Building or the land upon which it is situated, or if the grade of any
street or alley adjacent to the Building is changed by any competent authority and such change of grade makes it necessary or desirable to remodel the Building to conform to the changed grade, Landlord shall have the right to cancel this Lease upon
not less than ninety (90) days notice prior to the date of cancellation designated in the notice. No money or other consideration shall be payable by Landlord to Tenant for the right of cancellation, and Tenant shall have no right to share in
the condemnation award or in any judgment for damages caused by such taking or change of grade. 
 Notwithstanding the
foregoing, provided that the amount can be definitely ascertained in such proceedings, and be awarded separate and apart, and not in diminution of any award to Landlord, nothing hereinabove provided shall preclude Tenant from appearing, claiming,
providing and receiving in the condemnation proceedings, Tenant’s separate claim for Tenant’s moving expenses, the value of Tenant’s fixtures, or Tenant’s alterations, installations and improvements which do not become part of
the Building, or property of Landlord. 
 ESTOPPEL CERTIFICATE 22. 

At any time, and from time to time, upon the written request of Landlord or any mortgagee, Tenant, within ten (10) days of the date of such written
request, agrees to execute and deliver to Landlord and/or such mortgagee, without charge and in a form satisfactory to Landlord and/or such mortgagee, a written statement; (a) ratifying this Lease; (b) confirming the commencement and
expiration dates of the term of this Lease; (c) certifying that Tenant is in occupancy of the Premises, and that this Lease is in full force and effect and has not been modified, assigned, supplemented, or amended, except by such writings as
shall be stated; (d) certifying that all conditions and agreements under this Lease to be satisfied and performed have been satisfied and performed, except as shall be stated; (e) certifying that Landlord is not in default under this Lease
and there are no defenses or offsets against the enforcement of this Lease by Landlord, or stating the defaults and/or defenses claimed by Tenant; (f) reciting the amount of advance Rent, if any, paid by Tenant and the date to which Rent has
been paid; (g) reciting the amount of security deposited with Landlord, if any; and (h) any other information which Landlord or the mortgagee shall reasonably require. 

BANKRUPTCY 23. 
 If there shall be filed against Tenant, in any court, pursuant to any statute, either of the United States or of any state, a petition in bankruptcy or insolvency or for reorganization or for the
appointment of receiver or trustee of all or any portion of Tenant’s property and Tenant fails to secure a discharge thereof within thirty (30) days from the date of such filing, or if Tenant shall voluntarily file any such petition or
make an assignment for the benefit of creditors or petition for or enter into an arrangement, then, in any of such events, this Lease shall thereupon terminate without any requirement of notice by Landlord to Tenant. Furthermore, if there shall be
filed against Tenant’s Guarantor or Surety of this Lease (if any) a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of all or any portion of the property of any such Guarantor or
Surety, and such Guarantor or Surety fails to secure a discharge thereof within thirty (30) days from the date of such filing, or if such Guarantor or Surety shall voluntarily file any such petition or make an assignment for the benefit of
creditors or petition for or enter into an arrangement, this Lease, at the option of Landlord, may be canceled and terminated. In the event of a 

  
 21 

 
termination of this Lease pursuant to this Article, neither Tenant nor any person claiming through or under Tenant (whether by virtue of any statute or any order of any court or otherwise) shall
be entitled to acquire or remain in possession of the Demised Premises, as the case may be, and Landlord shall have no further liability hereunder to Tenant or any other person and Tenant and any such person shall forthwith quit and surrender the
Premises. If this Lease shall be so canceled or terminated, Landlord, in addition to the other rights and remedies of Landlord contained elsewhere in this Lease, or under any statute or rule of law, may retain as liquidated damages any rent,
security deposit and any other money received by Landlord from Tenant or other on behalf of Tenant. 
 [RESERVED] 24.

 DEFAULTS AND REMEDIES 25. 
 All rights and remedies of Landlord herein enumerated shall be cumulative, and none shall exclude any other rights or remedies allowed by law or in equity. The occurrence of any of the following shall
constitute a default and breach of this Lease by Tenant: 
 (a) Tenant shall fail, neglect or refuse to pay any installment of
Rent or Additional Rent at the time and in the amount as herein provided, or to pay any other monies agreed by it to be paid promptly when and as the same shall become due and payable under the terms hereof, and if any such failure should continue
for a period of more than ten (10) days from the receipt of written notice thereof by Tenant; or if 
 (b) Tenant shall
abandon the Premises for thirty (30) consecutive business days, or shall remove or attempt to remove or express or declare an intention to remove any of the goods and chattels from the Premises (other than in the normal course of business), or
shall fail, neglect or refuse to keep and perform any of the other covenants, conditions, stipulations or agreements herein contained, and in the event any such failure shall continue for a period of more than thirty (30) days after notice
thereof is given in writing to Tenant by Landlord (provided, however, that if the cause for giving such notice involves the making of repairs or other matters reasonably requiring a longer period of time than said thirty (30) day period, Tenant
shall be deemed to have complied with such notice so long as it has commenced to comply with said notice within said thirty (30) day period and is diligently prosecuting compliance of said notice). 

In the event of any such default or breach of this Lease by Tenant beyond any applicable grace or cure periods, Landlord shall have the
right and option to declare the entire Rent due for the balance of the term hereof immediately due and payable by Tenant, and shall have any or all of the remedies hereinunder set forth, and further, in the event of such default or breach of this
Lease by Tenant, the Tenant does hereby authorize and fully empower Landlord or Landlord’s agent to cancel or annul this Lease at once and reenter the Premises and remove all persons and their property therein, and such property may be stored
in a public warehouse or elsewhere at the cost of the Tenant, all without service of notice or resort to legal process and without being deemed guilty of any manner of trespass and without prejudice to any remedies which might otherwise be used by
Landlord. 
 The Landlord may, however, at its option at any time after Tenant’s default or violation of condition or
covenant, re-enter and take possession of said Premises and remove any property contained therein without such re-entry 

  
 22 

 
constituting a cancellation or termination of this Lease or working a forfeiture of the Rents to be paid and the covenants, agreements and conditions to be kept and performed by Tenant for the
full term of this Lease. In such event, Landlord shall have the right, but not the obligation, to divide or subdivide the Premises in any manner Landlord may determine and to lease or let the same or portions thereof for such periods of time and at
such rentals and for such use and upon such covenants and conditions as Landlord may elect, in its sole discretion, applying the net rentals from such letting first to the payment of Landlord’s expenses incurred in dispossessing Tenant and the
cost and expense of making such improvements, alterations and repairs in the Premises as may be necessary in order to enable Landlord to re-let the same, and to the payment of any brokerage commissions or other necessary expenses of Landlord in
connection with such re-letting. The balance, if any, shall be applied by Landlord, from time to time, on account of the payments due or payable by Tenant hereunder with the right reserved to Landlord to bring such action or proceedings for the
recovery of any deficits remaining unpaid as Landlord may deem favorable from time to time without obligation to await the end of the term hereof for the final determination of Tenant’s account. The failure or refusal of Landlord to re-let the
Premises or any part or parts thereof shall not release or affect Tenant’s liability for damages. Landlord may make such alterations, repairs, replacements and/or decorations in the Premises as Landlord, in Landlord’s sole judgment,
considers advisable and necessary for the purpose of re-letting the Premises; and the making of such alterations, repairs, replacements, and/or decorations shall not operate or be construed to release Tenant from liability hereunder as aforesaid.
Landlord shall, in no event, be liable in any way whatsoever for failure to re-let the Premises, or, in the event that the Premises are re-let, for failure to collect the rent hereof under such re-letting. 

In the event any installment of Rent or Additional Rent shall become overdue for a period in excess of ten (10) days, a “late charge” in
the amount of 3.5% per month of such overdue installment may be charged to Tenant by Landlord for the purpose of defraying the expenses incident to handling such delinquent payments, which late charge shall be payable monthly on the same day of
the month as installments of Rent and Additional Rent, until such overdue installment is paid. This charge shall be in addition to, and not in lieu of, any other remedy Landlord may have and is in addition to any reasonable fees and charges of any
agents or attorneys which Landlord is entitled to employ on any default hereunder, whether authorized herein or by law. 
 In
addition to the above described late charge, at Landlord’s option, any payment required to be made by Tenant under the provisions of this Lease not made by Tenant when and as due shall thereupon be deemed to be due and payable by Tenant to
Landlord with interest thereon from the date when the particular amount became due to the date of payment thereof to Landlord. The aforesaid interest shall be at the then applicable prime interest rate per annum, announced from time to time by
Mellon Bank, N.A. at its principal office in Pittsburgh, Pennsylvania for new 90-day loans to commercial borrowers of substantial size and high credit standing. 
 In the event of a breach by Tenant of any of the covenants or provisions of this Lease, Landlord shall have the right of injunction and the right to invoke any remedy allowed at law or in equity as if
re-entry, summary proceedings and other remedies were not herein provided for. Mention in this Lease of any particular remedy shall not preclude Landlord from any other remedy, in law or in equity. Tenant hereby expressly waives any and all rights
of redemption granted by or under any present or future laws in the event of Tenant’s being evicted or dispossessed for any cause, or in the event of 

  
 23 

 
Landlord’s obtaining possession of the Premises, by reason of the violation by Tenant of any of the covenants and conditions of this Lease or otherwise; and further expressly waives service
of any notice of Landlord’s intention to re-enter. 
 NON-WAIVER 26. 

The failure or delay on the part of either party to enforce or exercise at any time any of the provisions, rights, or remedies in this
Lease shall in no way be construed to be a waiver thereof, nor in any way to affect the validity of this Lease or any part thereof, or the right of the party to thereafter enforce each and every such provision, right or remedy. No waiver of any
breach of this Lease shall be held to be a waiver of any other or subsequent breach. The receipt and acceptance by Landlord of Rent or Additional Rent at a time when the payment of such Rent or Additional Rent is in default under this Lease shall
not be construed as a waiver of such default. The receipt and acceptance by Landlord of a lesser amount than the Rent or Additional Rent due shall not be construed to be other than a payment on account of the Rent or Additional Rent then due, nor
shall any statement on Tenant’s check or any letter accompanying Tenant’s check be deemed an accord and satisfaction, and Landlord may accept such payment without prejudice to Landlord’s right to recover the balance of the Rent or
Additional Rent due or to pursue any other remedies available under law or provided in this Lease. No act or thing done by Landlord or Landlord’s agents or employees during the term of this Lease shall be deemed an acceptance of a surrender of
the Premises, and no agreement to accept such a surrender shall be valid unless in writing and signed by Landlord. 
 If there
be any agreement between Landlord and Tenant providing for the renewal hereof at the expiration of the term first above mentioned, the right to such renewal or the execution of a renewal agreement between Landlord and Tenant prior to the expiration
of such first mentioned term shall not be considered an extension thereof or a vested right in Tenant to such further term, so as to prevent Landlord from canceling this Lease and any such extension thereof pursuant to Landlord’s exercising any
remedies provided herein or at law in the event of a default by Tenant during the remainder of the original term hereby granted; such privilege, if and when so exercised by Landlord, shall cancel and terminate this Lease and any such renewal or
extension previously entered into between Landlord and Tenant or the right of Tenant to any such renewal or extension; any right herein contained on the part of Landlord to cancel this Lease shall continue during any extension or renewal hereof; and
any option on the part of Tenant herein contained for an extension or renewal hereof shall not be deemed to give Tenant any option for a further extension beyond the first renewal or extended term. 

EXONERATION 27. 
 Landlord or any successor in interest that may be an individual, joint venture, tenancy in common, firm or partnership, general or limited, shall not be subject to personal liability on such individual or
on the members of such joint venture, tenancy in common, firm or partnership in respect to any of the covenants or conditions of this Lease. Tenant shall look solely to the equity of Landlord in the Building and the rents, issues and profits derived
therefrom for the satisfaction of the remedies of Tenant in the event of a breach by Landlord. It is mutually agreed that this clause is and shall be considered an integral part of this Lease. 

  
 24 

 RELOCATION OF TENANT 28. 

Landlord, at its sole expense, and only if Landlord is exercising its right hereunder in order to accommodate a tenant in the Building
that will (after the relocation) occupy at lease seven floors in one elevator bank, on at least 365 days prior written notice, may require Tenant to move from the Premises to another floor in the Building of comparable size and décor. In the
event of any such relocation, Landlord will pay all the expenses of preparing and decorating the new premises (to include without limitation, hard and soft costs, telecommunications and data), so that they will be substantially similar to the
Premises, and also the expenses of moving Tenant’s furniture and equipment to the relocated premises. Occupancy of the new premises shall be under and pursuant to the terms of this Lease, except that any variance between the Rentable Area of
the relocation space and the Premises shall result in a proportional adjustment in Rent and Additional Rent. Landlord will move Tenant after business hours in order to minimize disruption to Tenant’s business operation. 

QUIET ENJOYMENT 29. 
 If and so long as Tenant pays the Rent and Additional Rent reserved hereunder and observes and performs all of the covenants, conditions and provisions on Tenant’s part to be observed and performed
hereunder, Tenant shall and may peaceably and quietly have, hold and enjoy the Premises for the entire term hereof, subject to all, provisions of this Lease. 
 SPRINKLERS 30. 
 If there is now or shall be installed in the
Building a “sprinkler system”, and such system or any of its appliances shall be damaged or injured by reason of any act or omission of Tenant, or Tenant’s agents, servants, employees, licensees or visitors, Tenant shall forthwith
restore the same to good working condition at its own expense; and if the Fire Insurance Rating Organization or any bureau, department or official of the state or city government having jurisdiction shall require or recommend that any changes,
modifications, alterations or additional sprinkler heads or other equipment be made or supplied by reason of Tenant’s business, or the location of partitions, trade fixtures, or other contents of the Premises, after initial occupancy or if any
such changes, modifications, alterations, additional sprinkler heads or other equipment, become necessary to prevent the imposition of a penalty or charge against the full allowance for a sprinkler system in the first insurance rate as fixed by a
Fire Insurance Company insuring the Building, as a result of Tenant’s business, or the location of partitions, trade fixtures, or other contents of the Premises, Tenant shall, at Tenant’s expense, promptly make and supply such changes,
modifications, alterations, additional sprinkler heads or other equipment. 
 UNAVOIDABLE DELAY 31. 

In the event that either party shall be delayed or hindered in, or prevented from the performance of any work, service or other acts
required under this Lease to be performed by such party, and such delay or hindrance is due to strikes, lockouts, Acts of God, governmental restrictions, enemy act, civil commotion, unavoidable fire or other casualty, or other causes of a like
nature beyond the control of the party so delayed or hindered, then performance of such work, service or other act shall be extended for a period equivalent to the period of such delay. In no event shall such delay constitute a termination of this
Lease, or any extension thereof. 

  
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 The provisions of this Section shall not operate to excuse Tenant from the prompt payment of Rent and/or
Additional Rent, including such pro rata payments of Rent and/or Additional Rent as may be due under any Section hereof after the commencement of the term. 
 NON-DISRUPTION 32. 
 Tenant shall not knowingly take any action
which would violate any of Landlord’s contracts affecting the Building, or which would create or contribute to any work stoppage, strike, picketing, labor disruption or dispute, or which would interfere, in any way, with the business of
Landlord or any other tenants of the Building or with the rights and privileges of any invitees, licensees, employees or any other persons lawfully in and upon the Building, or which would cause any impairment or reduction of the good will and
reputation of the Building. 
 In furtherance of the intent expressed above, and in the interest of preventing and avoiding the
frictions traditionally inherent in commerce and industry associated with union and non-union personnel working side-by-side (which oftentimes results in the above-mentioned work stoppages, strikes, picketing, labor disruptions or disputes), it is
hereby understood and agreed by Tenant that any and all items of Tenant’s initial construction, re-construction, alterations, installations, additions, improvements, changes and/or remodeling of the Premises, and the fixtures and appurtenances
therein, and the removal of the same, as well as all items of Tenant’s repairs to the Premises and the replacement and repair of fixtures and appurtenances therein shall be performed by union labor only. 

SUCCESSORS 33. 
 The respective rights and obligations provided in this Lease shall bind and shall inure to the benefit of the parties hereto, their legal representatives, heirs, successors and assigns; provided, however,
that no rights shall inure to the benefit of any successor or assign of Tenant unless Landlord’s written consent for the transfer to such successor or assign has first been obtained as provided in Section 13 hereof. 

GOVERNING LAW 34. 
 This Lease shall be construed, governed and enforced in accordance with the laws of the Commonwealth of Pennsylvania. 
 SEVERABILITY 35. 
 If any provisions of this Lease shall be held to
be invalid, void or unenforceable, the remaining provisions hereof shall in no way be affected or impaired and such remaining provisions shall remain in full force and effect. 
 CAPTIONS AND INTERPRETATION OF LEASE PROVISIONS 36. 
 Marginal
captions and titles and the table of contents to this Lease are for convenience and reference only, and are in no way to be construed as defining, limiting or modifying the scope or intent of the various provisions of this Lease. This Lease shall be
construed without regard to the identity of the person who drafted the various provisions hereof. Moreover, each and every provision of this Lease shall be construed as though all parties hereto participated equally in the drafting thereof. As a
result of the foregoing, 

  
 26 

 
any rule of construction that a document is to be construed against the drafting party shall not be applicable. 
 GENDER 37. 
 As used in this Lease, the word “person”
shall mean and include, where appropriate, an individual, corporation, partnership or other entity; the plural shall be substituted for the singular, and the singular for the plural, where appropriate, and words of any gender shall mean and include
any other gender. 
 WAIVER OF TRIAL BY JURY 38. 

It is mutually agreed by and between Landlord and Tenant that the respective parties hereto shall and do hereby waive trial by jury in
any action, proceeding or counterclaim brought by either of the parties hereto against the other on any matters whatsoever arising out of or in any way connected with this Lease, the relationship of Landlord and Tenant, and Tenant’s use or
occupancy of said Premises. 
 NOTICES 39. 

All notices required or permitted hereunder shall be deemed delivered and sufficiently given if sent by registered or certified mail,
return receipt requested, addressed to the Landlord or Tenant, as the case may be, as follows: 
  

			
	To Landlord:	  	 Oxford Development Company/Grant Street
 Suite 4500, One Oxford Centre
 Pittsburgh, Pennsylvania 15219

Attention: Edward J. Lewis

		
	To Tenant:	  	TriState Capital Holdings, Inc.
		  	 One Oxford Centre
 Suite
2700

		  	 Pittsburgh, PA 15219

Attention: James F. Getz

 Either party may change its address by written notice so given to the other. 

BROKERS 40. 
 Landlord and Tenant mutually represent to each other that they have not entered into any agreement with a broker (relative to the making of this Lease) committing the other party to pay the commission of
such broker other than GVA Oxford (Landlord’s broker) and Howard Hanna (Tenant’s broker). Each party agrees that should any claim be made against the other party for any broker’s commission other than the named brokers, by reason of
the acts of such party, the party upon whose acts such claim is predicated shall indemnify and hold the other party free and harmless from and against any and all liability and expenses in connection therewith. 

  
 27 

 EXECUTION 41. 

This Lease shall become effective only when it has been signed by a duly authorized officer or representative of each of the parties and
delivered to the other party. The submission of this Lease for examination in itself does not constitute an offer to lease nor a reservation of or option for the Premises. This Lease is being executed simultaneously in four (4) counterparts,
one (1) of which shall be delivered to Tenant. Each of such fully executed counterparts shall be deemed original and it shall not be necessary in making proof of this Lease to produce or account for more than one such counterpart. 

MODIFICATIONS 42. 
 If, in connection with obtaining financing or refinancing for the Building of which the Premises form a part, a banking, insurance or other institutional lender shall request reasonable modifications that
do not increase the obligations of Tenant hereunder (except, perhaps, to the extent that Tenant may be required to give notices of any defaults by Landlord to such lender and/or permit the curing of such defaults by such lender together with the
granting of such additional time for such curing as may be required for such lender to get possession of the said Building), and do not materially adversely affect the leasehold interest hereby created, then in such event, Tenant agrees to execute
and deliver such modification. In no event shall a requirement that the consent of any such lender be given for any modification of this Lease or for any assignment or sublease, be deemed to materially adversely affect this Lease or leasehold
interest created by this Lease. 
 RULES AND REGULATIONS 43. 

Tenant and Tenant’s servants, employees, agents, visitors and licensees shall observe faithfully, and comply strictly with, the
Rules and Regulations, attached hereto and marked as Exhibit “D”, and such other and further reasonable Rules and Regulations as Landlord or Landlord’s agents may, after notice to Tenant, from time to time adopt. Nothing contained in
this Lease shall be construed to impose upon Landlord any duty or obligation to enforce the Rules and Regulations or terms, covenants or conditions in any other lease, as against any other tenant and Landlord shall not be liable to Tenant for
violation of the same by any other tenant, its servants, employees, agents, visitors or licensees. 
 NO REPRESENTATIONS BY
LANDORD 44. 
 Tenant acknowledges and agrees that, except as expressly set forth in this Lease, there have been no representations,
promises or warranties made by or on behalf of Landlord with respect to the Premises or the Land and Building or with respect to the suitability of either for the conduct of Tenant’s business. The taking of possession of the Premises by Tenant
shall conclusively establish that the Premises and Building were at such time in satisfactory condition, order and repair. 

ENTIRE AGREEMENT 45. 
 This Lease, including the Exhibits and any Riders hereto (which shall all be deemed to be a part of this Lease) contains all the agreements, conditions, understandings, representations and warranties made
between the parties hereto with respect to the subject matter hereof, and may not be modified orally or in 

  
 28 

 
any manner other than by an agreement in writing signed by both parties hereto or their respective successors in interest. 
 DEFINITIONS 46. 
 The term “Landlord” as used in this Lease, so far as
covenants or obligations on the part of Landlord are concerned, shall be limited to mean and include only the owner or owners, at the time in question, of the fee of the Premises or of the Building, a mortgagee in possession, at the time in
question, of the Building or of the Building of which Premises form a part, or the tenant under a lease of the entire Building of which the Premises form a part, so that in the event of any subsequent sale or sales of said Building or in the event
of a lease of said Building, the Landlord named herein shall be and hereby is entirely freed and relieved thereafter with respect to the performance of all covenants and obligations on the part of Landlord hereunder except for defaults by Landlord
existing at the time of such sale or assignment and Tenant’s rights with respect thereto; and it shall be deemed and construed without further agreement between the parties or their successors in interest or between the parties and the
purchaser at any such sale, or the said tenant of the Building, that the purchaser, mortgagee in possession or the tenant of the Building has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder thereafter to
be performed, it being intended hereby that the covenants and obligations contained in this Lease on the part of Landlord shall, as aforesaid, be binding on Landlord, its successors, and assigns, only during and in respect of their respective
successive periods as Landlord under this Lease, and the retention of fee ownership by a landlord, under an underlying lease which now or hereafter may affect the Building of which the Premises form a part, shall not be deemed to impose on such
underlying landlord any liability, initial or continuing, for the performance of the covenants and obligations of Landlord hereunder. The words “re-enter” and “re-entry” as used in this Lease are not restricted to their technical
legal meaning. The “Useable Area” shall mean gross floor area less core areas. The phrase “Normal Business Days” shall mean Monday through Friday, fifty-two (52) weeks per year, excepting therefrom holidays applicable to
Building personnel. In any event, “Normal Business Days” shall not include New Years Day, Memorial Day, the Fourth of July, Labor Day, Thanksgiving Day, and Christmas, when those holidays occur on a day of the week other than Saturday and
Sunday. 
 [RESERVED] 47. 
 HAZARDOUS WASTE 48. 
 Tenant shall not (either with or without
negligence) cause or permit the escape, disposal or release of any biologically or chemically active or other hazardous substances or materials. Tenant shall not allow the storage or use of such substances or materials in any manner not sanctioned
by law or by the highest standards prevailing in the industry for the storage and use of such substances or materials, nor allow to be brought into the Building any such materials or substances except to use in the ordinary course of Tenant’s
business, and then only after written notice is given to Landlord of the identity of such substances or materials. Without limitation, hazardous substances and materials shall include those described in the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, as amended, 42 U.S.C. Section 9601 et seq., any applicable state or local laws and the regulations adopted under these acts. If any lender or governmental agency shall ever require testing to ascertain
whether or not there has been any release of hazardous materials, then the reasonable costs thereof shall be reimbursed by Tenant to Landlord upon demand as additional charges if such 

  
 29 

 
requirement applies solely to the Premises. In addition, Tenant shall execute affidavits, representations and the like from time to time at Landlord’s request concerning Tenant’s best
knowledge and belief regarding the presence of hazardous substances or materials on the Premises. In all events, Tenant shall indemnify Landlord in the manner elsewhere provided in this Lease from any release of hazardous materials on the Premises
occurring while Tenant is in possession, or elsewhere if caused by Tenant or persons acting under Tenant. The within covenants shall survive the expiration or earlier termination of the Lease term. 

CORPORATE TENANT 49. 
 If Tenant is a corporation, the persons executing this Lease on behalf of Tenant hereby covenant, represent and warrant that Tenant is a duly incorporated or duly qualified (if foreign) corporation and is
authorized to do business in the State (a copy of evidence thereof to be supplied to Landlord upon request); and that the person or persons executing this Lease on behalf of Tenant is an officer or are officers of such Tenant, and that he or they as
such officers are duly authorized to execute, acknowledge and deliver this Lease to Landlord (a copy of a resolution to that effect to be supplied to Landlord upon request). 
 FINANCIAL STATEMENT 50. 
 Upon Landlord’s written request from
time to time, Tenant shall, within ten (10) days after Landlord’s request therefor, furnish Landlord Tenant’s or Tenant’s bank subsidiary’s current Statement of Condition filed with bank regulatory agencies. 

AMERICANS WITH DISABILITIES ACT. 51. 
 Landlord and Tenant acknowledge that, in accordance with the provisions of the Americans with Disabilities Act (the “ADA”), responsibility for compliance with the terms and conditions of title
III of the ADA may be allocated as between Landlord and Tenant. Notwithstanding anything to the contrary contained in the Lease, Landlord and Tenant agree that the responsibility for compliance with the ADA shall be allocated as follows:
(i) Tenant shall be responsible for the compliance with the provisions of title III of the ADA with respect to the construction by or on behalf of Tenant of alterations within the Premises, or if such compliance is necessitated by the
composition of Tenant’s work force, provided Landlord consents to such alterations. In the event Landlord refuses to consent to the construction of alterations, the purpose of which is compliance with title III of the ADA, then, in such case,
Landlord shall perform, at its expense, such alterations to the extent necessary to comply with title III of the ADA; (ii) Landlord shall be responsible for compliance with the provisions of title III of the ADA in providing all tenant
improvements required of Landlord under this Lease, exclusive, however, of any tenant improvements constructed by Landlord strictly in accordance with Tenant generated plans and specifications; and (iii) Landlord shall be responsible for
compliance with the provisions of title III of the ADA with respect to the exterior of the Building, parking areas, sidewalks and walkways, and any and all areas appurtenant thereto, together with all common areas of the Building not included within
the Premises. Landlord and Tenant each agree to indemnify and hold each other harmless from and against any claims, damages, costs, and liabilities arising out of Landlord’s or Tenant’s failure, or alleged failure, as the case may be, to
comply with title III of the ADA as set forth above, which indemnification obligation shall survive the expiration or termination of this Lease. Landlord 

  
 30 

 
and Tenant each agree that the allocation of responsibility for ADA compliance shall not require Landlord or Tenant to supervise, monitor, or otherwise review the compliance activities of the
other with respect to its assumed responsibilities for ADA compliance as set forth herein. The allocation of responsibility for ADA compliance between Landlord and Tenant, and the obligations of Landlord and Tenant established by such allocations,
shall supersede any other provisions of the Lease that may contradict or otherwise differ from the requirements of this Section. 

RENTAL STATEMENTS 52. 
 Tenant acknowledges that it is Landlord’s management agent’s standard practice to submit to Tenant, on or about the twenty-first day of each month, a summary of Tenant’s rental account,
including past due balance, if any, and the Rent, Additional Rent and charges due and payable for the upcoming month. For so long as Landlord’s agent continues this practice, these statements shall satisfy any obligation of Landlord hereunder
to provide written notice of Tenant’s obligation and/ or failure to pay any sums which Tenant is to pay hereunder, whether such notice is sent prior to or subsequent to the date upon which the obligation arises. 

UTILITY DEREGULATION 53. 
 Landlord has advised Tenant that various utility companies (each to be referred to herein as a “Current Service Provider”) are the utility companies selected by Landlord to provide service for
the Building. Notwithstanding the foregoing, if permitted by law, Landlord shall have the right at any time and from time to time during the term of this Lease to either contract for service from a different company or companies providing service
(each such company shall hereinafter be referred to as an “Alternate Service Provider”) or continue to contract for service from the Current Service Provider. 
 Tenant shall cooperate with Landlord, the Current Service Providers, and any Alternate Service Provider at all times and, as reasonably necessary, shall allow Landlord, the Current Service Providers, and
any Alternate Service Provider reasonable access to the Building’s lines, feeders, risers, wiring, and other machinery within the Premises. 
 Landlord shall in no way be liable or responsible for any loss, damage, or expense that Tenant may sustain or incur by reason of any change, failure, interference, disruption, or defect in the supply or
charter of the service furnished to the Premises, or if the quality or character of the service supplied by the Current Service Providers or any Alternate Service Provider is no longer available or suitable for Tenant’s
requirements, and no such change, failure, defect, unavailability, or unsuitability shall constitute an actual or constructive eviction, in whole or in part, or entitle Tenant to any abatement or diminution of rent, or relieve Tenant from any of its
obligations under the Lease. 
 PARKING 54. 

During the extended term, Tenant will have the right to lease ten unreserved parking spaces in the Building garage for use by Tenant and
its employees. Three of such spaces will be located on level one or two (gated reserved parking). Tenant acknowledges that the current monthly lease rate for underground, unreserved parking is $275.00, for Level 1 reserved gated parking - $295.00
and for Level 2 reserved gated parking - $310.00, such rate 

  
 31 

 
being subject to adjustment from time-to-time to reflect the then current rate for parking in the garage. Should Tenant lease any parking spaces, Tenant will enter into a parking agreement with
the garage operator and pay the garage operator the established monthly charge, and Landlord shall have no liability for claims arising through acts or omissions of the garage operator. Landlord shall have the right to temporarily close the garage
or certain areas therein in order to perform necessary repairs, maintenance and improvements to the garage, if any. 
 GOOD
FAITH AND FAIR DEALING 55. 
 Whenever this Lease calls for Landlord or Tenant to make a determination, including any determination to
be made in such party’s sole discretion, such determination shall be made in good faith consistent with reasonable commercial behavior. Whenever this Lease calls for either party to obtain the consent of the other party, the party whose consent
is requested shall respond to such request in good faith and such consent shall not be unreasonably withheld or delayed. 
 IN
WITNESS WHEREOF, and intending to be legally bound hereby, Landlord and Tenant have hereunto respectively signed and sealed duplicate originals of this Lease as of the day and year first above written. 

 

							
		 		 	 LANDLORD:
 OXFORD
DEVELOPMENT COMPANY/GRANT STREET

		 		 	By:	 	OOC, Inc., General Partner
				
	 

  
	 		 	By:	 	 

  

	Witness	 		 		 	David M. Matter, President
			
		 		 	TENANT:
		 		 	TRISTATE CAPITAL HOLDINGS, INC.
				
	 

  
	 		 	By:	 	 

  

	Witness	 		 	Title:	 	Vice Chairman and
		 		 		 	Chief Financial Officer

  
 32 

 

 

 WORKLETTER AGREEMENT 

This Workletter Agreement (the “Workletter”) shall set forth the terms and conditions relating to the construction of the
Premises. All references in this Workletter to “the Lease” shall mean the relevant parties of the Lease to which this Workletter is attached. 
  

	 	1.	Proposed and Final Plans. 

(a) Tenant shall cause to be prepared and delivered to Landlord, for Landlord’s approval, the following proposed drawings
(collectively, the “Proposed Plans”) for all improvements Tenant desires to complete or have completed in the Premises (the “Tenant Improvements”): 
 (i) Architectural drawings (consisting of floor construction plan, ceiling lighting and layout, power, and telephone plan) prepared by a licensed architect. 

(ii) Mechanical drawings (consisting of HVAC, electrical, telephone, and plumbing) prepared by a licensed engineer. 

(iii) Finish schedule (consisting of wall finishes and floor finishes and miscellaneous details). 

(b) Within ten (10) days after Landlord’s receipt of the architectural drawings and mechanical drawings, Landlord shall advise
Tenant of any changes or additional information required to obtain Landlord’s approval. 
 (c) If Landlord disapproves of,
or requests additional information regarding the Proposed Plans, Tenant shall, within ten (10) days thereafter, revise the Proposed Plans disapproved by Landlord and resubmit such plans to Landlord or otherwise provide such additional
information to Landlord. Landlord shall respond to the revised plans within five days after receipt thereof. 
 (d) All Proposed
Plans and Final Plans shall comply with all applicable statutes, ordinances, regulations, laws, and codes and with the requirements of Landlord’s fire insurance underwriters. Review and approval by Landlord of the Proposed Plans and resulting
Final Plans shall not constitute a representation or warranty by Landlord that such plans either (i) are complete or suitable for their intended purpose, or (ii) comply with applicable laws, ordinances, codes, regulations, or any insurance
requirements, it being expressly agreed by Tenant that Landlord assumes no responsibility or liability for such completeness, suitability or compliance. Tenant shall not make any changes in the Final Plans without Landlord’s prior written
approval, which shall not be unreasonably withheld or delayed. 

	 	2.	Performance of the Tenant Improvements. 

 (a) Filing of Final Plans, Permits. Tenant shall file the Final Plans with the governmental agencies having jurisdiction over the Tenant Improvements and obtain the necessary permits. 

(b) Landlord Approval of Contractors. No later than five (5) days following Landlord’s approval of the Final Plans,
Tenant shall enter into a contract for construction of the Tenant Improvements with a general contractor acceptable to Landlord (the “General Contractor”). Tenant shall submit to Landlord not less than ten (10) days prior to commencement
of construction the following information and items: 
 (i) The names of the other subcontractors, and sub-subcontractors
(collectively, together with the General Contractor, the “Tenant’s Contractors”) Tenant intends to employ in the construction of the Tenant Improvements. Landlord shall have the right to approve Tenant’s Contractors, such
approval not to be unreasonably withheld. All contractors and subcontractors shall be licensed, possessing good labor relations, capable of performing quality workmanship and working in harmony with Landlord’s contractors and subcontractors and
with other contractors and subcontractors on the job site. Tenant, agrees to give the contractor employed by Landlord in the Building an equal opportunity to submit a bid for the Tenant Improvements, but Tenant shall not be obligated to hire such
contractor. 
 (ii) The scheduled commencement date of construction, the estimated date of completion of construction work,
fixturing work, and date of occupancy of the Premises by Tenant. 
 (iii) Certificates of insurance as hereinafter described.
Tenant shall not permit Tenant’s Contractors to commence work until the required insurance has been obtained and certificates have been delivered to Landlord. 
 (c) Access to Premises. Tenant, its employees, designers, contractors and workmen shall have access to and primary use of the Premises prior to the commencement of the Term of the Lease to
construct the Tenant Improvements. 
 (d) Warranties. On completion of the Tenant Improvements, Tenant shall provide
Landlord with copies of all warranties of at least one (1) year duration on all the Tenant Improvements. 
 (e)
Protection of Building. All work performed by Tenant shall be performed with a minimum of interference with other tenants and occupants of the Building and shall conform to the Building Rules and Regulations attached to the Lease and the
reasonable procedures established by the Building Manager. Tenant will take all reasonable and customary precautionary steps to protect its facilities and the facilities of others affected by the Tenant Improvements and to properly police same and
Landlord shall have no responsibility for any loss by theft or otherwise. Construction equipment and materials are to be located in confined areas and delivery and loading of equipment and materials shall be done at such reasonable locations and at
such time as Landlord 

 
shall direct so as not to burden the operation of the Building. Landlord shall advise Tenant in advance of any special delivery and loading dock requirements. Landlord may require daily clean-up
if required for fire prevention and life safety reasons or applicable laws. At the completion of the Tenant Improvements, Tenant’s Contractors shall forthwith remove all rubbish and all tools, equipment and surplus materials from and about the
Premises and Building. Any damage caused by Tenant’s Contractors to any portion of the Building or to any property of Landlord or other tenants shall be repaired forthwith after written notice from Landlord to its condition prior to such damage
by Tenant at Tenant’s expense. 
 (f) Compliance by all Tenant Contractors. Tenant shall impose and enforce all
terms hereof on Tenant’s Contractors and its designers, architects and engineers. 
 (g) Safety. Tenant’s
Contractors shall assume responsibility for the prevention of accidents to its agents and employees and shall take all reasonable safety precautions with respect to the work to be performed and shall comply with all reasonable safety measures
initiated by the Landlord and with all applicable laws and codes for the safety of persons or property. 
 (h) Required
Insurance. Tenant shall cause Tenant’s Contractors to secure, pay for, and maintain during the performance of the construction of the Tenant Improvements, insurance in the following minimum coverages and limits of liability: 

(i) Workmen’s Compensation and Employer’s Liability Insurance as required by law. 

(ii) Commercial General Liability Insurance (including Owner’s and Contractors’ Protective Liability) in an amount not less
than Two Million Dollars ($2,000,000) per occurrence, whether involving bodily injury liability (or death resulting therefrom) or property damage liability or a combination thereof with a minimum aggregate limit of Two Million Dollars ($2,000,000),
and with umbrella coverage with limits not less than Ten Million Dollars ($10,000,000). Such insurance shall provide for explosion and collapse, completed operations coverage with a two-year extension after completion of the work, and broad form
blanket contractual liability coverage and shall insure Tenant’s Contractors against any and all claims for bodily injury, including death resulting therefrom and damage to the property of others and arising from its operations under the
contracts whether such operations are performed by Tenant’s Contractors, or by anyone directly or indirectly employed by any of them. 
 (iii) “All-risk” builder’s risk insurance upon the entire Tenant Improvements to the full insurance value thereof. Such insurance shall include the interest of Landlord and Tenant (and
their respective contractors and subcontractors of any tier to the extent of any insurable interest therein) in the Tenant Improvements and shall insure against the perils of fire and extended coverage and shall include “all-risk”
builder’s risk insurance for physical loss or damage including, without duplication of coverage, theft, vandalism, and malicious mischief. The waiver of subrogation 

 
provisions contained in Section 18 of the Lease shall apply to the “all-risk” builder’s risk insurance policy to be obtained by Tenant pursuant to this paragraph. 

All policies (except the workmen’s compensation policy) shall be endorsed to include as additional insureds Landlord and such additional persons as
Landlord may designate. The insurance policies required hereunder shall be considered as the primary insurance and shall not call into contribution any insurance then maintained by Landlord. 

(i) Quality of Work. The Tenant Improvements shall be constructed in a first-class workmanlike manner using only good grades of
material and in compliance with the Final Plans, all insurance requirements, applicable laws and ordinances and rules and regulations of governmental departments or agencies and the rules and regulations adopted by Landlord for the Building.
Landlord shall provide Tenant with Landlord’s Building standard specifications. 
 (j) “As-Built” Plans.
Upon completion of the Tenant Improvements, Tenant shall furnish Landlord with “as built” plans for the Premises, final waivers of lien for the Tenant Improvements, a detailed breakdown of the costs of the Tenant Improvements (which may be
in the form of an owner’s affidavit) and evidence of payment reasonably satisfactory to Landlord, and an occupancy permit for the Premises. 
  

	 	3.	Payment of Costs of the Tenant Improvements. 

 (a) Subject to the provisions of Paragraph 3(b) below, the Tenant Improvements shall be installed by Tenant at Tenant’s sole cost and expense. The cost of the Tenant Improvements shall include, and
Tenant agrees to pay Landlord for, the cost of any work performed by Landlord on behalf of Tenant at Tenant’s request and for all materials and labor furnished on Tenant’s behalf at Tenant’s request. 

(b) Landlord shall provide Tenant with an allowance of $1,040,805.00 (i.e., $45.00 per square foot of Rentable Area of the
Premises) (“Tenant Allowance”) to be used toward payment of the costs incurred by Tenant in connection with the Tenant Improvements. The Tenant Improvements must be completed, and Tenant must have submitted its request for reimbursement in
accordance with the terms of this Paragraph 3, no later than three months following the Commencement Date of the Lease. If the cost of all items of the Tenant Improvements is less than the Tenant Allowance, Tenant shall be entitled to credit the
excess or unused amount against rent. Funds may be drawn against the Tenant Allowance at any time and from time to time prior to five months following the Commencement Date of the Lease, subject to the following: 

(i) Tenant may not make more than one draw in any calendar month; 

(ii) With each draw request, Tenant shall submit to Landlord the following documents: 

 (A) A copy of the application for payment by Tenant’s Contractors for the Tenant
Improvements completed to date, together with copies on all receipted bills and invoices; 
 (B) Conditional or final lien
waivers with respect to the Tenant Improvements performed to date from Tenant’s Contractors and any materialmen; 
 (C)
With the final draw request, Tenant shall submit to Landlord a certificate from Tenant’s Architect stating that the Tenant Improvements have been completed in accordance with the Final Plans. 

(D) Landlord will disburse the portion of the Tenant Allowance allocable to each draw request to Tenant or at Tenant’s request or
at Landlord’s option directly to Tenant’s Contractors within thirty (30) days after Tenant has submitted the required information for such draw and has otherwise complied with the requirements hereof. 

 

	 	4.	Miscellaneous. 

 (a)
Tenant agrees that, in connection with the Tenant Improvements and its use of the Premises prior to the commencement of the Term of the Lease, Tenant shall have those duties and obligations with respect thereto that it has pursuant to the Lease
during the Term, except the obligation for payment of rent, and further agrees that except in cases of the negligence of Landlord or its employee, contractor or agent, Landlord shall not be liable in any way for injury, loss, or damage which may
occur to any of the Tenant Improvements or installations made in the Premises, or to any personal property placed therein, the same being at Tenant’s sole risk. 
 (b) Except as expressly set forth herein, Landlord has no other agreement with Tenant and Landlord has no other obligation to do any other work or pay any amounts with respect to the Premises. Any other
work in the Premises which may be permitted by Landlord pursuant to the terms and conditions of the Lease shall be done at Tenant’s sole cost and expense and in accordance with the terms and conditions of the Lease. 

(c) This Workletter shall not be deemed applicable to any additional space added to the original Premises at any time or from time to
time, whether by any options under the Lease or otherwise, or to any portion of the original Premises or any additions thereto in the event of a renewal or extension of the initial term of the Lease, whether by any options under the Lease or
otherwise, unless expressly so provided in the Lease or any amendment or supplement thereto. 
 (d) Except during a bona fide
dispute, the failure by Tenant to perform any of its obligations under this Workletter, including without limitation any obligations to pay any monies due Landlord, within the time period herein stated shall be deemed a default under the terms of
the Lease for which Landlord shall be entitled to exercise all remedies available to Landlord for such failure. 

 (e) In addition to the Tenant Allowance, Landlord shall provide Tenant
with a Renovation Allowance equal to $65,000.00, to be applied towards the costs incurred by Tenant to perform upgrades to the elevator lobby and restrooms on the 27th floor of the Building. The terms and conditions of this Workletter shall apply to the construction of such upgrades
and disbursements of the Renovation Allowance, except that any unused portion of the Renovation Allowance shall belong to Landlord. Landlord shall not charge any supervisory, management or review fees for any matters addressed by this Work Letter,
and no such charges shall be deducted from the Allowance. During construction Tenant shall not be obligated to pay fees or charges for Building services, including, without limitation, utilities, parking, hoisting, freight elevator services or the
like. 

 EXHIBIT “B” 

TENANT CONSTRUCTION PROCEDURES 
 INTERIOR OFFICES 
 I. Introduction 

This has been written to enable and assist the Tenant, Tenant’s architect and Tenant’s Contractor to construct Tenant’s Demised Premises.
The design and construction obligations of both the Landlord and Tenant under the Lease are listed herein. Tenant shall follow and conform to all the obligations of Tenant, as listed hereinafter, and to all other reasonable rules, regulations, and
requirements which the Landlord may promulgate relative to the design and construction of Tenant’s facilities. 
 Each Tenant shall bear
responsibility for compliance with all laws, statutes, ordinances and codes as well as Lease requirements applicable to the design and construction of the Tenant’s facilities. 
 This information should be forwarded to Tenant’s architect and to Tenant’s contractor for their use and reference. Additional copies will be provided upon request. 

II. Directory 

The following (at the addresses and phone numbers noted therefor) have been assigned to expedite the necessary information to assist in construction of
the Demised Premises: 
  

			
	Developer/Owner/Landlord:	 	Oxford Development Company
		 	 Suite 4500, One Oxford Centre

Pittsburgh, PA 15219
 (412)
261-1500

 When dealing with issues of material delivery and hours of construction, the Tenant shall contact the Building Manager
at: 
  

			
		 	Oxford Development Company
		 	 Plaza Level, One Oxford Centre

Pittsburgh, PA 15219

(412) 391-5300

 Leasing Agents: 
 (Tenant is to contact the particular leasing agent with whom Tenant dealt regarding questions concerning the Lease.) 
  

			
		 	 Michael R. Daniels
 GVA
Oxford

		 	 Suite 400, One Oxford Centre

Pittsburgh, PA 15219

(412) 261-0200

 Tenant Coordinator 
 The Tenant Coordinator shall provide the liaison between the Landlord, Tenant, Tenant’s Architect and General Contractor. Please contact him for all information pertaining to plans, specifications,
Landlord’s and Tenant’s criteria necessary to design and build the facility, and clarification of any questions relative to this document. 
 Please submit plans and specifications to the Tenant Coordinator for review and approval: 
  

			
		 	 Tom Boyle

Construction Manager

Oxford Development Company

Suite 4500, One Oxford Centre

Pittsburgh, PA 15219

(412) 261-1500

 III. Permits and Applicable Codes 
 All Tenant plans, specification and construction shall meet the requirements of, and in all other ways conform to, all statues, laws, ordinances, codes and/or permit requirements applicable at any time
during the course of construction, specifically including, but not limited to any special requirements that may be applicable to the particular building. 
 Landlord’s approval of Tenant plans shall not release Tenant from the above obligations. 
 IV. Special Conditions for Performance of Tenant’s Work 
  

	 	A.	Codes and Standards - All of Tenant’s Work shall comply in all respects with the following: 

 

	 	(1)	Administrative Codes and Zoning Resolutions of the local municipality and all other applicable laws, codes, ordinances and regulations. 

 

	 	(2)	Applicable standards of the National Board of Fire Underwriters, the National Electrical Code, and American Gas Association, and the American Society of Heating and
Refrigeration Engineers. 

  

	 	B.	Plans and Specifications - All plans and specifications shall be prepared by a licensed architect or engineer, and shall include all drawings, specifications,
bid forms, general conditions, and other documents required to completely describe the architectural, structural, mechanical and electrical components of Tenant’s Work. The information shown on the plans and specifications shall comply with the
requirements of this Document. 

  

	 	C.	 Tenant shall submit four sets of prints and one set of sepias of the final working drawings and one set of specifications to the Tenant Coordinator for
approval and one set of prints will be returned with approval and comments. Approval by 

  
 2 

	 	
Landlord of the plans, or anything contained therein, shall not act to shift responsibility of the cost of any improvements from Tenant to Landlord unless specifically agreed to in writing by
Landlord. Working drawings (plans) and specifications shall include the following: 

 Architectural plans at
1/8” 1’ -0” minimum; 
 Interior elevations and details; 

Finish schedule; 
 Case work equipment layouts; 
 Reflected ceiling plan showing lighting, emergency
lighting, diffusers, and sprinkler locations; 
 Engineering plans and specifications of electrical system, including total
electric load (load to include mechanical equipment supplied by Tenant, lighting, etc.); 
 Please allow 10 working days for
review and approval. 
  

	 	D.	Approval of Contractors - Contractors and subcontractors to be used in performing Tenant’s Work shall be approved by Landlord in writing before
Tenant’s Work is commenced. 

  

	 	E.	Quality Standards - Each contractor and subcontractor performing any part of Tenant’s Work shall guarantee that the portion thereof for which it is
responsible shall be free from any defects in workmanship and materials for a period of not less than one (1) year from the date of completion thereof. Every such contractor and subcontractor shall be responsible for the replacement or repair,
without additional charge, or any and all work done or furnished in accordance with its contract, which shall become defective within one (1) year after completion and acceptance of the work. The correction of such work shall include, without
additional charge, all additional expenses and damages incurred in connection with such removal or replacement of all or any part of Tenant’s Work or Landlord’s Work, including any part of the Building’s Common Areas or other
Tenant’s improvements which may be damaged or disturbed thereby. All such warranties or guarantees as to materials or workmanship on or with respect to Tenant’s Work shall be contained in the contract or subcontract therefore and shall be
so written that such guarantees or warranties shall inure to the benefit of both Landlord and Tenant, as their respective interests may appear, and so that they can be directly enforced by either. Tenant covenants to give Landlord any assignment
necessary to effect such right of direct enforcement. 

  

	 	F.	Cooperation - Only such duly licensed architects, engineers, contractors and subcontractors as will work in harmony with each other and those of Landlord so as
to insure proper maintenance of good labor relationships shall be engaged in the performance of Tenant’s Work. Tenant shall enforce strict discipline and good order among the employees of Tenant’s contractor and subcontractors and shall
not employ any unfit person or anyone not skilled in the work he is performing, or any workman who is incompatible with the balance of the work force, or who will cause, or whose presence will cause, labor disputes or work 

  
 3 

	 	
stoppages. Tenant agrees that only union labor affiliated with the A.F.L./C.I.O. Building Trades will be used in the performance of Tenant’s Work. 

 

	 	G.	Coordination - Tenant’s Work shall be coordinated under Landlord’s direction with the work being done or to be performed by Landlord and other tenants
in the Building so that Tenant’s Work will not interfere with or delay the completion of any other construction work in the Building, or interfere with business being conducted in the Building. 

 

	 	H.	Requirements for Contractors and Subcontractors 

  

	 	(1)	All Tenant’s Work shall be performed in a thoroughly workmanlike manner in conformity with approved plans and specifications and during such hours as approved by
Landlord and shall be in good and usable condition at the date of completion. One set of such current approved plans and specifications shall be kept on the jobsite at all times during construction. All Tenant’s Work shall conform to the
standards of recognized trade associations. In the event the Tenant is notified of any violations of codes, ordinances, regulations, requirements or guidelines, either by government authorities or by the Landlord, Tenant shall, at its expense,
correct such violations within ten (10) calendar days after such notification, or sooner if required by the notifying authority. Should Tenant fail to correct such violations within ten (10) calendar days, Landlord may correct such
violations at Tenant’s expense. 

  

	 	(2)	Tenant’s contractor or Tenant shall secure and pay for all necessary permits and fees with respect to Tenant’s Work. 

 

	 	(3)	Each contractor and subcontractor participating in the performance of Tenant’s Work shall make appropriate arrangements with Landlord’s Building Manager for
delivery, storage and movement of materials and shall obtain approval from Landlord for any space, if available, outside of the Demised Premises within the Building which such contractor or subcontractor desires to use for storage, handling and
moving of its materials and equipment. 

 Materials to be stored on floor slabs shall be approved by
Landlord’s Building Manager. Such materials shall be located so as not to over-stress building structure. Adequate fire protection shall be provided for such stored materials. 

 

	 	(4)	 Each contractor and subcontractor participating in the performance of Tenant’s Work shall (i) make appropriate arrangements with
Landlord’s Building Manager for temporary utility connections including water and electricity, as available within the Building, which connections shall be at such locations as shall be determined by Landlord’s Building Manager,
(ii) pay the cost of the connections and of proper maintenance and removal of 

  
 4 

	 	
same, and (iii) pay all utility charges on such basis as may be agreed upon by Landlord and Tenant. 

 

	 	(5)	Each contractor and subcontractor participating in the performance of Tenant’s Work shall remove and dispose of, at least once a week and more frequently as
Landlord’s Building Manager may direct, all debris and rubbish caused by or resulting from the performance of Tenant’s Work and, upon completion thereof, remove all temporary structures, surplus materials, debris and rubbish of whatever
kind which has been brought in or created by the contractor or subcontractor in the performance of Tenant’s Work. If any contractors or subcontractors, performing Tenant’s Work shall neglect, refuse or fail to remove any such debris,
rubbish, surplus material or temporary structures within two days from and after notice to Tenant from Landlord with respect thereto, Landlord may cause the same to be removed by contract or otherwise as Landlord may determine expedient, without
liability for damages, and charge the total cost thereof to Tenant. 

  

	 	(6)	Each contractor and subcontractor performing Tenant’s Work shall maintain continuous protection of adjacent premises in such manner as to prevent any damage to
Tenant’s Work or adjacent property, property above, property below, and improvements by reason of performance of Tenant’s Work. Each contractor and subcontractor shall properly protect Tenant’s Work with lights, guard rails, and
barricades and secure all parts thereof against storm and accident. However, no barricade or other protective enclosure shall extend beyond the Demised Premises. No such barricade or other protective enclosure shall be installed without
Landlord’s prior written approval. 

  

	 	(7)	Each contractor or subcontractor performing Tenant’s Work shall obtain Landlord’s approval prior to cutting any openings in the floor slab. All approved slab
openings shall be safed off against fire spread and waterproofed. Engineering drawings for such slab openings requiring structural redesign must be prepared by Landlord’s structural engineer, at Tenant’s sole cost.

  

	 	(8)	Prior to commencement of any construction, a pre-construction conference for the purpose of conveying all necessary notes and regulations shall take place at a location
designated by the Landlord. 

  

	 	I.	Insurance - Tenant shall cause its contractors and subcontractors to provide insurance with responsible companies approved by Landlord. Tenant shall require
Tenant’s contractor and subcontractors to obtain and maintain in force comprehensive general liability insurance in an amount of not less than One Million ($1,000,000.00) Dollars in respect of personal injury or death an not less than One
Million ($1,000,000.00) Dollars in respect of property damage, before the commencement of any of the Tenant’s Work in the Demised Premises. 

  
 5 

 Tenant further agrees to indemnify, hold harmless and defend Landlord from and against any
and all claims, actions, or damages resulting from acts or neglects of Tenant, its agents, servants, employees, contractors and/or subcontractors in the performance of Tenant’s Work. Tenant shall also require Tenant’s contractors and
subcontractors to provide Certificates of Insurance evidencing such current, enforce insurance coverage to the Landlord’s Tenant Coordinator, before Tenant’s contractor and/or subcontractors shall be permitted on the Demised Premises to
commence Tenant’s Work. All insurance policies shall name the Landlord as additional insureds. Certificates of Insurance shall provide that no change or cancellation of such insurance will be undertaken without thirty (30) days prior
written notice to the Landlord. Thirty (30) days prior to the expiration of existing coverage, renewal certificates must be submitted to the Landlord. 
  

	 	J.	Utilities - Tenant shall obtain and convey to Landlord all approvals with respect to all utility services, as may be required by the utility company supplying
the service. Landlord, an independent contractor, or an authorized utility company, as the case may be, shall have the right, subject to Landlord’s written approval, to run utility lines, pipes, conduits or ductwork where necessary or desirable
through hung ceiling space, column space, partitions, beneath the floor slab, or other parts of the Demised Premises and to repair, alter, replace or remove the same, all in a manner which does not interfere unnecessarily with Tenant’s use
thereof. 

  

	 	K.	Acceptance of Work - Landlord’s acceptance of Tenant’s Work as being complete in accordance with the approved working plans and specifications and this
document shall be subject to Landlord’s inspection and subsequent written approval. Tenant shall give Landlord thirty (30) days prior written notification of the anticipated completion date of Tenant’s Work. 

V. Procedures 
  

	 	A.	In the event of any conflict between the provisions of this Lease and this Exhibit “B”, the provisions of the Lease shall control. 

 

	 	B.	Within fifteen (15) calendar days after the execution of the Lease, Tenant shall submit to Landlord, for Landlord’s approval, the conceptual drawings. Within
thirty (30) calendar days after Landlord’s approval of such conceptual drawings, Tenant shall submit to Landlord, for Landlord’s approval, the construction drawings and specifications. 

 

	 	C.	Within ten (10) calendar days thereafter, Landlord shall return to Tenant one (1) set of drawings and specifications with approval and/or comments. Tenant
shall promptly make any requested changes or, as the case may be, promptly obtain Landlord’s written approval to alternate solutions. 

  
 6 

	 	D.	Tenant shall not start construction of the Demised Premises until (i) Landlord has approved Tenant’s construction documents, (ii) Landlord has approved
Tenant’s Contractor and Subcontractors, (iii) Tenant has secured and furnished copies to Landlord of all necessary state and local building permits for jurisdictional authorities, (iv) Tenant has furnished Landlord the policies of
insurance as set forth in Article IV, Section 6(I) of this Document and (v) Tenant has furnished Landlord with copies of its No-Lien Agreements with its Contractor(s) and evidence of the filing of such agreements in the office of the
Prothonotary of Allegheny County. 

  

	 	E.	Should Tenant make any changes in Tenant’s Work after date of final approval of Tenant’s plans that result in changes to Landlord’s work, Tenant shall
reimburse Landlord for all costs, including architectural or engineering fees associated therewith. 

  

	 	F.	Tenant shall furnish to Landlord, for approval, a construction schedule and shall complete all work within the Demised Premises as expeditiously as possible in
conformity with such approved schedule. 

  

	 	G.	Landlord, may, at Landlord’s option, require Tenant to install temporary partition at the Demised premises, at Tenant’s expense in order to control dust and
noise. 

  

	 	H.	Tenant shall secure all necessary occupancy permits and/or approvals from all jurisdictional authorities to allow Tenant to open and occupy the Demised Premises and
shall provide Landlord with copies of such occupancy permits and/or approvals. 

  

	 	I.	Before the Demised Premises will be allowed to open for business, Tenant shall submit to Landlord a copy of the occupancy permit from the governing authority, a copy of
the plumbing certificate, a copy of the electrical certificate and a copy of a release of liens, signed by the contractor(s) and all major subcontractors and suppliers. 

 

	 	J.	Landlord’s Obligation is limited to that specified in this Document and Tenant shall be required to make all improvements to the Premises and in accordance with
Tenant’s approved plans, except those which Landlord is specifically required to make hereunder. 

  

	 	K.	Tenant shall furnish Landlord with one set of reproducible “as built” drawings of the completed Demised Premises. 

 

	 	L.	 In completing the construction of the Demised Premises and in making any alterations and improvements to the Demised Premises thereafter, Tenant and
each of its contractors shall enter into a written construction agreement which shall contain what is commonly referred to as a “No-Lien” or “Waiver of Liens” provision. Tenant shall cause sufficient notice of such provisions to
be given to all subcontractors, materialmen and/or laborers in the manner authorized by 

  
 7 

	 	
applicable statute, whether by actual notice to any such subcontractor, materialmen, or laborer prior to any labor or materials being furnished, or by recordation of said No-Lien agreement at the
office of the Prothonotary of Allegheny County, Pennsylvania, within the prescribed statutory period (i.e. prior to the commencement of the work on the Demised Premises, or within ten (10) days after the execution of the principal contract), so
as to sufficiently bind all subcontractors, materialmen and/or laborers to the terms of such No Lien agreement. In the event any mechanics liens or other liens or any other notices of claim, shall at any time be made or filed against the Premises by
reason of work, labor, services or materials performed or furnished, or alleged to have been performed or furnished, to Tenant or to anyone holding the Demised Premises through or under Tenant, Tenant shall forthwith cause the same to be discharged
of record or bonded to the satisfaction of Landlord. If Tenant shall fail to cause such lien forthwith to be so discharged or bonded after being notified of the filing thereof, then, in addition to any other right or remedy of Landlord, Landlord may
bond or discharge the same by paying the amount claimed to be due, and the amount so paid by Landlord, and all costs and expenses incurred by Landlord in connection therewith, including reasonable attorneys fees, together with interest thereon at
the rate of fifteen (15%) percent per annum, shall be due and payable by Tenant to landlord as Additional Rent. 

  

	 	M.	Tenant shall reimburse Landlord for work performed by Landlord on behalf of Tenant at Tenant’s sole cost and expense and will be paid for by Tenant to Landlord
based on the cost to Landlord of such work, together with the sum equal to twenty-five (25%) percent of said cost for overhead and administration expenses, all due and payable within ten (10) days after billing from Landlord to Tenant.

  

	 	N.	If, for any reason, Tenant shall fail to pay any amounts due Landlord by Tenant hereunder, then, in addition to any other remedies available to Landlord pursuant to
this Lease, upon the commencement of the Term, such amounts, together with interest thereon at the rate of fifteen (15) percent per annum shall be due and payable by Tenant to Landlord as Additional Rent. 

 

	 	O.	The Tenant’s Contractor shall be responsible for initiating, maintaining and supervising all safety precautions and programs in connection with the work. Special
care must be taken to protect the public from all work. The Contractor shall provide adequate fire extinguishers within the premises while under construction. The Landlord and its representatives may stop any work and Contractor will correct any
item which is in violation of O.S.H.A. Standards or which may, in his opinion, cause injury or harm to public or property. 

  
 8 

 ONE OXFORD CENTRE 
 EXHIBIT “C” 
 CLEANING SPECIFICATIONS 

 

	A.	Schedule of Services 

  

	 	1.	Night cleaning services to be performed five (5) nights per week, except on designated union holidays, or as specifically indicated hereinafter.

  

	 	2.	Day cleaning services to be performed five (5) days per week, Monday through Friday, except on union designated holidays, or as specifically indicated hereinafter.

  

	B.	Scope of Work 

  

	 	1.	Building Entrances and Public Areas 

  

	 	A.	Sweep and damp mop pavers and steps nightly. 

  

	 	B.	Machine scrub granite pavers weekly. 

  

	 	C.	All glass at entrances (revolving doors and side panic doors) are to be cleaned twice per day. 

 

	 	D.	Wipe down all metal surfaces (excluding high work) at entrances, railings and escalators nightly. 

 

	 	E.	All wall surfaces (excluding high work) are to be dusted using approved method to remove fingerprints and smudges nightly. 

 

	 	F.	Escalator inside surface glass panels are to be cleaned nightly using approved method to remove fingerprints and smudges nightly. 

 

	 	G.	All interior glass (excluding high work) in Atrium and Plaza are to be cleaned weekly. Store front glass panels (side not in Tenant spaces) are to be cleaned daily.

  

	 	H.	Interior and exterior glass (excluding high work) at retail elevators are to be cleaned daily before normal working hours. 

 

	 	I.	High dust or wash glass elevator exteriors weekly and all electrical and air conditioning ceiling fixtures quarterly. 

  
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	 	J.	All cigarette urns or trash receptacles are to be cleaned nightly. 

  

	 	K.	Rain mats will be provided and appropriately placed when needed and when not in use stored in designated areas. 

 

	 	2.	Elevators 

  

	 	A.	Clean all saddles, hatch and cab doors, door frames, and directional lights at main entry lobbies nightly. 

 

	 	B.	Interior wall surfaces of cab selector panels, bases, rails and floor indicator panel are to be cleaned nightly. 

 

	 	C.	Interior carpets are to be vacuumed nightly and spot cleaned as required. 

  

	 	D.	Elevator cabs with resilient floor surfaces are to be washed nightly and waxed as required. 

 

	 	3.	Public Corridors & Elevator Lobbies 

  

	 	A.	All wall surfaces are to be dusted nightly using an approved chemically treated cloth. Remove all fingerprints and smudges nightly. 

 

	 	B.	Sweep and damp mop ceramic tiles and granite pavers nightly. Machine scrub weekly. 

 

	 	C.	Carpeted areas are to be vacuumed five (5) times per week and spot cleaned. 

 

	 	D.	High dust or wash all electrical and air conditioning fixtures quarterly. 

  

	 	E.	Drinking fountains are to be cleaned and sanitized nightly. 

  

	 	F.	Public telephones are to be cleaned nightly. 

  

	 	G.	Cigarette urns are to be cleaned quarterly. 

  
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	 	4.	General Office Areas 

 Nightly,
unless otherwise indicated 
  

	 	A.	Damp mop all stone, ceramic tile, terrazzo and other types of unwaxed flooring weekly. 

 

	 	B.	Sweep all vinyl asbestos, asphalt, rubber and similar types of flooring using an approved method and buff monthly. 

 

	 	C.	Vacuum all rugs and carpeted areas once each week. Spot vacuum as required. Sweep all private stairways and vacuum if carpeted weekly. 

 

	 	D.	Hand dust or wipe clean all furniture, file cabinets, fixtures, window sills, and wash said sills when necessary. 

 

	 	E.	Dust all telephones. 

  

	 	F.	Dust all chair rails, trim, etc. 

  

	 	G.	Remove all gum and foreign matter on sight. Spot clean resilient floor as necessary. 

 

	 	H.	Empty and clean all waste receptacles and remove wastepaper and waste materials to a designated area. 

 

	 	I.	Empty and wipe clean all ash trays and screen all sand urns. 

  

	 	J.	Wash clean all water fountains and water coolers. 

  

	 	K.	Dust all glass furniture tops. 

  

	 	L.	Remove hand marks on elevator hatchway doors. 

  

	 	M.	Wipe clean all bright work. 

  

	 	N.	Adjust Venetian blinds to uniform standard. 

  

	 	O.	Cleaning of private toilet rooms and shampooing of carpets are not included in these specifications and will be provided by Landlord at Tenant’s request at
Landlord’s reasonable cost. 

  
 Page 3 of 8

	 	P.	Any area designated as a vending area will be kept free from spillage and damp mopped daily. 

 

	 	Q.	Cleaning operations are to be scheduled so that an absolute minimum of lights are to be left on at all times. Upon completion of the cleaning, all lights must be turned
off. 

 Periodic 
  

	 	A.	Hand dust all door louvers and other ventilating louvers within reach once per week. 

 

	 	B.	Dust all baseboards once per week (if required). 

  

	 	C.	Remove finger marks from all painted surfaces near light switches, entrance doors, etc., once per week. 

 

	 	D.	Dust all lamp shades weekly. 

  

	 	E.	Move and vacuum clean once per week underneath all furniture that can be moved. 

 

	 	F.	Dust all picture frames, charts and similar hangings quarterly which were not reached in nightly cleaning. 

 

	 	G.	Dust all vertical surfaces such as walls, partitions, doors and other surfaces not reached in nightly cleaning quarterly. 

 

	 	H.	Dust exterior of lighting fixtures quarterly. 

  

	 	I.	Dust all venetian blinds quarterly. 

  

	 	J.	Dust quarterly all air conditioning louvers, grills, etc., not reached in nightly cleaning. 

 

	 	K.	Wash telephones monthly. 

  

	 	L.	Dust clothes closets, shelving and cost racks weekly where possible 

  

	 	5.	Lavatories 

 Nightly 

 

	 	A.	Wash and disinfect all floors and base. 

  
 Page 4 of 8

	 	B.	Wash all mirrors and powder shelves. 

  

	 	C.	Wash and polish all bright work. 

  

	 	D.	Wash all plumbing fixtures. 

  

	 	E.	Wash and disinfect all toilet seats, both sides. 

  

	 	F.	Scour, wash and disinfect all basins, bowls and urinals. 

  

	 	G.	Fill toilet tissue holders, soap, sanitary napkin and paper towel dispensers. 

 

	 	H.	Empty and clean sanitary disposal receptacles, and provide wax paper bag in receptacle. 

 

	 	I.	Clean and wash waste receptacles and dispensers. Remove all waste products to a designated area and provide plastic bag in receptacles. 

 

	 	J.	Remove finger marks from painted surfaces. 

  

	 	K.	Remove all graffiti from walls and partitions. 

  

	 	L.	Dust and clean partitions and walls. 

  

	 	M.	Inspect all toilets and rest rooms during day and keep same in neat and clean condition. 

 

	 	N.	Wash tile wall surface subject to splashing. 

 Periodic 
  

	 	A.	Clean and wash all partitions once a week. 

  

	 	B.	Machine scrub floors as necessary but not less than once every two (2) weeks. 

 

	 	C.	Hand dust, clean and wash all tile walls once each month, more often if necessary. 

  
 Page 5 of 8

	 	D.	High dust to be done once each month which includes lights, walls and grills. 

 

	 	E.	Wash toilet lighting fixtures as often as necessary but not less than twice per year. 

 

	 	6.	Building Service Areas 

  

	 	A.	Slop sink rooms are to be kept neat, clean and orderly at all times. 

  

	 	B.	Freight elevator areas are to be kept neat, clean and orderly at all times. 

 

	 	C.	Resilient floor surfaces in service corridors are to be washed nightly and waxed as required. 

 

	 	D.	All wall surfaces in service corridors are to be dusted weekly. Fingerprints, graffiti and smudges are to be removed weekly. 

 

	 	E.	High dust or wash all electrical and air conditioning ceiling fixtures once per year. 

 

	 	F.	Loading dock area to be swept daily and floor areas hosed down as required. Wall surfaces are to be cleaned weekly. Overhead equipment dusted monthly.

  

	 	7.	Window Cleaning 

  

	 	A.	All exterior windows shall be cleaned inside and outside quarterly, weather permitting. Window frames and associated metal to be wiped and cleaned upon completion of
all window washing. 

  

	 	B.	All interior partition glass (including glass doors) on Tenant floors to be cleaned every eight (8) weeks. 

 

	 	C.	Glass on directory boards to be cleaned daily. 

  

	 	8.	Plaza & Sidewalk Areas 

  

	 	A.	Sweep daily, weather permitting. 

  

	 	B.	Remove snow and ice as soon as possible from all traffic areas and using approved snow melting chemicals where practical. 

  
 Page 6 of 8

	 	C.	Gum and other foreign materials to be removed as required. 

  

	 	D.	Trash receptacles shall be cleaned daily. 

  

	 	E.	Remove debris from landscaped and pool areas as required. 

  

	 	9.	Roof Surfaces 

  

	 	A.	All roofs and setbacks are to be cleaned every other month, weather permitting. 

 

	 	10.	Duties of Day Personnel 

 The
following is a general list of functions only, weather permitting (where applicable): 
  

	 	A.	Check all public areas constantly, picking up all foreign matter on sight. 

 

	 	B.	Sweep lobby as required, five (5) days a week, using an approved chemically treated cloth. 

 

	 	C.	Empty all cigarette urns. 

  

	 	D.	Elevator cab floors are to be cleaned at least two (2) times each day and more frequently when needed. 

 

	 	E.	Wipe clean and remove finger marks from all metal bright work throughout interior of building lobby daily. 

 

	 	F.	Sweep sidewalks. 

  

	 	G.	Lay down and remove lobby runners as necessary. 

  

	 	H.	Sweep the public staircases. 

  

	 	I.	Wash staircases monthly. 

  

	 	J.	Keep in clean condition all public telephones and their enclosures, as required. 

  
 Page 7 of 8

	 	K.	Clean building entrance door twice each day. Mens’ & Womens’ Lavatories (Day Porter). 

The following is a general list of duties: 
  

	 	A.	Fill toilet tissue and towel dispensers as required. 

  

	 	B.	Service sanitary napkin dispensers as necessary. 

  

	 	C.	Fill soap dispensers as necessary. 

  

	 	11.	Pest Control 

  

	 	A.	The public spaces throughout the building shall be kept under pest control treatment, as required. 

  
 Page 8 of 8

 EXHIBIT “D” 

RULES AND REGULATIONS 
  

					
	Definitions	  	1.	  	Wherever in these Rules and Regulations the word “Tenant” is used, it shall be taken to apply to and include the Tenant and his agents, employees, invitees, licensees,
subtenants and contractors, and is to be deemed of such number and gender as the circumstances require. The words “room” and “Premises” are to be taken to mean and include the space covered by this Lease. The word
“Landlord” shall be taken to include the employees and agents of Landlord.
			
	Operations	  	2.	  	The streets, sidewalks, entrances, halls, passages, elevators, stairways and other common area provided by Landlord shall not be obstructed by Tenant, or used by him for any
other purpose than for ingress and egress.
			
	Washrooms	  	3.	  	Toilet rooms, water closets and other water apparatus shall not be used for any purposes other than those for which they were constructed.
			
	Insurance Regulations	  	4.	  	Tenant shall not do anything in the Premises, or bring or keep anything therein, which will in any way increase or tend to increase the risk of fire or the rate of fire
insurance, or which will conflict with the regulations of the Fire Department or the Fire laws, or with the rules and regulations of the Fire Insurance Rating Organization, or equivalent bodies, or with any insurance policy on the Building or any
part thereof, or with any law, ordinance, rule or regulation affecting the occupancy and use of the Premises, now existing or hereafter enacted or promulgated by any public authority or by the Fire Insurance Rating Organization, or any equivalent
body.
			
	General Prohibitions	  	5.	  	In order to insure proper use and care of the Premises, Tenant shall not:
	  	  
 (a)
	  	  
 Keep animals or birds in the Premises.

	  	  
 (b)
	  	  
 Use the Premises or any rooms therein as sleeping
apartments.

	  	  
 (c)
	  	  
 Allow any sign, advertisement, or notice to be fixed to the
Building, inside or outside, without Landlord’s written consent.

	  	  
 (d)
	  	  
 Make improper noises or disturbances of any kind; sing, play or
operate any musical instrument, radio or televisions

					
		  		  	without consent of Landlord, or otherwise do anything to disturb other tenants or tend to injure the reputation of the Building.
			
		  	(e)	  	Mark or defile elevators, water-closets, toilet rooms, walls, windows, doors or any other part of the Building.
			
		  	(f)	  	Place anything on the outside of the Building, including roof setbacks, window ledges and other projections or drop anything from the windows, stairways or parapets; or place trash
or other matter in the halls, stairways, elevators or light wells of the Building.
			
		  	(g)	  	Cover or obstruct any window, skylight, door or transom that admits light, except with building standard narrow slot, horizontal venetian blinds without the prior written approval
of Landlord.
			
		  	(h)	  	Fasten any article, drill holes, drive nails or screws into the walls, floors, woodwork, window mullions, or partitions of the Premises or Building except for the hanging of art
work or equipment shown in Exhibit B; nor shall the same be painted, papered or otherwise covered or in any way marked or broken without the prior consent of Landlord.
			
		  	(i)	  	Interfere or adjust the heating or cooling apparatus.
			
		  	(j)	  	Allow anyone but Landlord’s employees to clean the Premises.
			
		  	(k)	  	Leave the Premises without locking doors, stopping all office machines, and extinguishing all lights.
			
		  	(l)	  	Install any shades, blinds, or awnings, except building standard window coverings, without consent of Landlord.
			
		  	(m)	  	Use any electric heating device.
			
		  	(n)	  	Install call boxes, or any kind of wire in or on the Premises or the Building without Landlord’s permission and direction.
			
		  	(o)	  	Manufacture any commodity, or prepare or dispense any foods or beverages, whether by vending or dispensing machines or otherwise, or alcoholic beverages, tobacco, drugs, flowers or
other commodities or articles without the written consent of Landlord. Tenant shall have permission to serve catered food to its employees and clients, and shall have a

  
 2 

					
		  		  	coffee maker, refrigerator, and microwave oven in the Premises.
			
		  	(p)	  	Secure duplicate keys for rooms or toilets, except from Landlord, or change the locks of any doors to or in the Premises.
			
		  	(q)	  	Give his employees or other persons permission to go upon the roof of the Building without the written consent of Landlord.
			
		  	(r)	  	Place door mats in public corridors without the consent of Landlord.
			
		  	(s)	  	Use passenger elevators for freight during normal business hours as defined in the Lease.
			
		  	(t)	  	Schedule, nor will Landlord receive, deliver or accept freight for Tenant other than Monday through Friday, excluding holidays, between the hours of 9:30 a.m. to 11:30 a.m. and 1:30
p.m. to 4:15 p.m.
			
	Publicity	  	6.	  	Tenant shall not use the name or images of the Building in any way in connection with his business except as the address thereof. Landlord shall also have the right to prohibit any
advertising by Tenant, which, in its opinion, tends to impair the reputation of the Building or its desirability as a building for offices; and upon written notice from Landlord, Tenant shall refrain from or discontinue such
advertising.
			
	Business Machines	  	7.	  	Business machines and mechanical equipment which cause vibration, noise, cold or heat that may be transmitted to Building structure, or to any leased space outside Premises shall be
placed and maintained by Tenant, at its sole cost and expense, in settings of cork, rubber, or spring type vibration eliminators sufficient to absorb and prevent such vibration, noise, cold or heat. No business machines or mechanical equipment which
require unusually high amounts of electricity shall be used or installed in the Premises without Landlord’s prior written consent.
			
	Movement of Equipment	  	8.	  	Landlord reserves the right to designate the time and the method whereby freight, small office equipment, furniture, safes and other like articles may be brought into, moved, or
removed from the Building or Premises, and to designate the

  
 3 

					
		  		  	location for temporary disposition of such items. In no event shall any of the aforegoing items be taken from Tenant’s Premises for the purpose of removing same from the
Building without the express consent of both Landlord and Tenant.
			
	Public Entrance	  	9.	  	Landlord reserves the right to exclude the general public from the Building upon such days and at such hours as in Landlord’s judgment will be for the best interest of the
Building and its tenants. At Landlord’s discretion, persons entering the office portion of the Building after 6:00 p.m. Monday through Friday, after 1:00 p.m. on Saturday and at all times on Sunday and holidays and before 8:00 a.m. Monday
through Saturday may be required to sign the register maintained for that purpose.
			
	Rights Reserved to Landlord	  	10.	  	Without abatement or diminution in rent, Landlord reserves and shall have the following additional rights:
	  	  
 (a)
	  	  
 To change the name or street address of Building and the
arrangement and/or location of entrances, passageways, doors, doorways, corridors, elevators, stairs, toilet or other public parts of the Building, provided that such acts shall not unreasonably interfere with Tenant’s use and occupancy of the
Premises as a whole. Landlord shall notify Tenant of any change in the name or street address of the Building;

	  	  
 (b)
	  	  
 To install and maintain a sign or signs on the exterior of the
Building;

	  	  
 (c)
	  	  
 To have access for Landlord and other tenants of Building to any
mail chutes, if any, located on the Premises according to the rules of the United States Post Office;

	  	  
 (d)
	  	  
 To designate all sources furnishing sign painting and lettering,
ice, drinking water, towels and toilet supplies, and other like services used on the premises;

	  	  
 (e)
	  	  
 At any time or times Landlord, either voluntarily or pursuant to
governmental requirement, may, at Landlord’s own expense, make repairs, alterations, or improvements in or to the Building or any part thereof, and during such alterations, may close entrances, doors, windows, corridors, elevators or other
facilities, provided that such acts shall not unreasonably interfere with Tenant’s use and occupancy of the Premises as a whole;

  
 4 

					
		  	(f)	  	To erect, use and maintain pipes and conduits in and through the Premises;
			
		  	(g)	  	During the last six (6) months of the term, if during or prior to that time the Tenant vacates the Premises, to decorate, remodel, repair, alter or otherwise prepare the Premises
for reoccupancy;
			
		  	(h)	  	To constantly have pass keys to the Premises;
			
		  	(i)	  	To grant to anyone the exclusive right to conduct any particular business or undertaking in the Building;
			
		  	(j)	  	To exhibit the Premises to others and to display “For Rent” signs on the Premises;
			
		  	(k)	  	To take any and all measures, including inspections, repairs, alterations, additions and improvements to the Premises or to the Building, as may be necessary or desirable for the
safety, protection or preservation of the Premises or the Building or Landlord’s interests, or as may be necessary or desirable in the operation of the Building. Landlord may enter upon the Premises and may exercise any or all of the foregoing
rights hereby reserved without being deemed guilty of an eviction or disturbance of Tenant’s use or possession and without being liable in any manner to the Tenant.
			
	Regulation Change	  	11.	  	Landlord shall have the right to make such other and further reasonable rules and regulations as in the judgment of Landlord, may from time to time be needed for the safety,
appearance, care and cleanliness of the Building and for the preservation of good order therein; Landlord shall not be responsible to Tenant for any violation of rules and regulations by other tenants.
			
	No Weapons on Premises	  	12.	  	For the safety of all, tenants and visitors to the Building (including both the premises and the common areas) are not permitted to bring or possess, or allow others to bring or
possess, guns, large knives and other weapons into the Building. Should management or security personnel observe such weapons, the individual possessing the weapon will not be permitted to enter the building. Building management and/or security
personnel will not assume custody of any weapon during the individual’s visit to the Building. Rather,

  
 5 

					
		  		  	the individual will be asked to exit the Building and return without the weapon. An exception will be made for law enforcement personnel duly licensed and authorized to possess a
weapon.

  
 6 

 EXHIBIT “E” 

DEFINITION AND CALCULATION OF RENTABLE AREAS GENERAL 
 Architectural plans when available are to be used. 
 Tenant special installations including, but
not limited to, private elevators, stairs, special flues, dumbwaiter shafts and special air conditioning facilities are included within the rentable area of such tenant. 
 In determining whether a floor is, and in computing the aggregate rentable area of, a single tenancy floor, any special installation on said floor of another tenant shall be disregarded. 

In computing the aggregate rentable area of any multiple occupancy floor, any special installation of a tenant who is not a tenant of any other part of
such floor shall be disregarded. 
 SINGLE TENANCY FLOORS 
 Three steps are to be followed to determine the rentable area: 
  

	lA)	Compute gross area 

  

	2B)	Deduct certain areas 

  

	3C)	Add applicable share of areas to apportioned. (See below paragraph 3C). 

 lA GROSS AREA: 
 The gross area of a floor shall be the entire area within the exterior
walls. If the exterior wall consists in whole or in part of windows, fixed clear glass, or other transparent material, the measurement shall be taken to the inside of the glass or other transparent material. If it consists solely of a
non-transparent material, the measurement shall be taken to the inside surface of the outer masonry building walls. 
 2B DEDUCTIONS FROM
GROSS AREA: 
 The following non-rentable building areas, with their finished enclosing walls, are to be deducted: 

 

	1.	Public elevator shafts and elevator machine rooms 

  

	2.	Public stairs 

  

	3.	Fire tower and fire tower court 

  

	4.	Main telephone and electric switchboard room except: (a) where the same is leased by tenant, or (b) is a special installation. 

 

	5.	Areas within the gross area which are to be apportioned (See paragraph 3C below). 

 NOTE: If a base building area to be deducted and a base building area that is rentable have a common wall,
the thickness of the wall is to be equally divided; e.g. if an elevator shaft is adjacent to a telephone closet, the elevator shaft and half of the finished dividing wall are to be deducted. 
 3C AREAS TO BE APPORTIONED: 
 1. Air conditioning facilities: All air conditioning floors
and other areas throughout and within the building (exclusive of tenant’s special air conditioning facilities) including their finished enclosing walls containing equipment or enclosing pipes, ducts, or shafts serving the facilities are to be
apportioned to the areas they serve. 
 2. Whenever the height of an air conditioning facility room or floor above the grade floor shall exceed
the average story height in the Building by more than 25%, then the area of such room or floor shall be determined by multiplying the floor area by the percentage that the height of the room or floor exceeds the average story height and adding the
area so determined to the area of the room or floor. 
 MULTIPLE OCCUPANCY FLOORS 

The total of the rentable areas for two or more tenants on a floor shall be the rentable area for that floor, as computed in the manner for single
tenancy floors, except that public corridors of the floor shall be included. 
 Three steps are to be followed: 

 

	a)	Compute the net area for such floor. 

  

	b)	Compute the net area for each tenant 

  

	c)	To determine the rentable area for any tenant, multiply the rentable area of such floor by a fraction whose denominator is the net area for such floor.

  

	a)	NET AREA FOR ANY FLOOR: 

 The net
area shall be the gross area as described for single tenancy floors less the entire core areas (including the finished enclosing walls thereof but excluding any part of the core rented to a tenant) and corridors (excluding the enclosing walls
thereof). 
  

	b)	NET AREA FOR EACH TENANT: 

Exterior walls are to be measured as described in procedure for gross area. Demising walls between Tenants are to be equally divided.
Corridor walls to the finished corridor side are to be included in the net area of each tenant. 

 FIRST AMENDMENT TO LEASE 

THIS FIRST AMENDMENT TO LEASE is made this 13th day of September, 2010, between OXFORD DEVELOPMENT COMPANY/GRANT STREET (“Landlord”), and TRISTATE CAPITAL
HOLDINGS, INC. (“Tenant”). 
 WHEREAS, Landlord and Tenant are parties to a Lease Agreement dated
August 29, 2006 (the “Existing Lease”), under the terms of which Tenant leases certain premises consisting of approximately 23,129 rentable square feet on the 27th Floor of One Oxford Centre (the “Existing Premises”), Pittsburgh, Pennsylvania; and 

WHEREAS, the parties desire to amend the Lease in order to, among other things, expand the size of the Premises and extend the term of
the Lease. 
 NOW THEREFORE, in consideration of the mutual covenants herein contained, and other good and valuable
consideration, the parties agree as follows: 
 1. Defined Terms. Capitalized terms used herein but not defined shall
have the meanings ascribed thereto in the Lease. From and after the date hereof, the term “Lease” will mean the Existing Lease, as amended by this First Amendment. 

2. Extended Term. The term of the Lease is hereby extended from the original expiration date of
October 31, 2018 until the last day of the 120th
calendar month following the Expansion Space Commencement Date. The “Expansion Space Commencement Date,” shall be the date on which Tenant substantially completes the improvements to the Expansion Space and the Expansion Space is ready for
occupancy, or February 1, 2011, whichever date is earlier. All of the terms and conditions of the Existing Lease shall continue to apply during the extended term, except as provided in this Amendment. 

3. Expansion. The Premises is hereby expanded to include additional space consisting of approximately 8,507
rentable square feet located on the 29th floor of the
Building, as shown on Exhibit A-l attached hereto (“Expansion Space”). As of the date of the Expansion Space is ready for occupancy, the Expansion Space shall be deemed to be part of the Premises for all purposes of the Lease.
Accordingly, as of the date hereof, the term “Premises” shall mean approximately 31,636 rentable square feet in Building, designated as Suite 2700 and Suite 2900. Tenant acknowledges and agrees that Tenant has inspected the Expansion Space
and accepts the same in its current “As-Is” condition. Any improvements to the Expansion Space desired by Tenant shall be at Tenant’s expense and shall be subject to Landlord’s prior approval which shall not be unnecessarily
withheld or delayed and all other terms and conditions contained in the Lease and the Work Letter attached to the Lease. 
 4.
Rent. 
 A. The period from the Expansion Space Commencement Date, and continuing for a 24 month period thereafter shall
be a free rent period with respect to the Expansion Space. Accordingly, Basic Annual Rent for the Expansion Space shall be payable as follows: 
  

													
	Period	  	 	  	 	 	Monthly	 	  	Annual	 
	 Expansion Space
	  	THRU	  	24th Month following	 	$	0.00	  	  	$	0.00	  
	 Commencement Date
	  		  	Expansion Space
Commencement Date	 				  			
	 Month 25
	  	THRU	  	Month 36	 	$	7,418.92	  	  	$	89,027.04	  
	 Month 37
	  	THRU	  	Month 48	 	$	7,558.84	  	  	$	90,706.08	  
	 Month 49
	  	THRU	  	Month 60	 	$	8,373.19	  	  	$	100,478.28	  
	 Month 61
	  	THRU	  	Month 120	 	$	20,913.04	  	  	$	250,956.48	  

 The Rent schedule reflects a 24 month free rent period (as to the Expansion Space) that is
being provided to Tenant in substitution for a cash tenant improvement allowance from Landlord. 
 B. Tenant shall continue to
pay Tenant’s Proportionate Share of Real Estate Taxes and Operating Expenses as provided in the Existing Lease, with Tenant’s Percentage for the entire Premises to be 3.57%. 

C. Commencing on November 1, 2018 and continuing through the extended term, Basic Annual Rent for the Existing Premises (excluding
the Expansion Space) shall be in the amount of $682,305.00, payable in equal monthly installments of $56,858.79. 
 5.
Parking. Section 54 of the Lease is hereby amended to provide that Tenant shall be permitted to lease up to 13 parking spaces, with 10 spaces being located in the underground, unreserved area of the parking garage. 

6. Broker. Tenant represents that Tenant has dealt or spoken with no broker other than Oxford Realty Services, Landlord’s
broker, in connection with this Amendment. Landlord shall compensate Landlord’s broker. Tenant agrees to hold Landlord harmless against any claim for brokerage commission arising out of conversations or negotiations with any other broker.

 7. Savings Clause. Except as specifically amended herein, all of the terms and conditions of the Lease shall continue
in full force and effect. 
 IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have caused this First
Amendment to Lease to be signed and sealed as of the day and year first above written. 
  

							
		 		 	LANDLORD: OXFORD DEVELOPMENT COMPANY/GRANT STREET
	 

  
	 		 	By:	 	OOC, Inc., General Partner
	 		 	By:	 	 

  

	Witness	 		 		 	
			
	 

  
	 		 	TENANT: TRISTATE CAPITAL HOLDINGS, INC.
	 		 	By:	 	 

  

	Witness	 		 	Title:	 	VICE CHAIRMAN & CFO

  
 2 

 

 

 Commencement Date Memorandum 

 

			
	LANDLORD:	  	Oxford Development Company/Grant Street
		
	TENANT:	  	TriState Capital Holdings, Inc.
		
	LEASE DATE:	  	August 29, 2006, as amended by the First Amendment to Lease dated September 13, 2010
		
	DEMISED PREMISES:	  	 23,129 r.s.f. on the 27th floor (Original Premises)
 8,507 r.s.f. on the 29th floor (Expansion Space)

		
	 COMMENCEMENT
DATE:
	  	
	  	 February 1, 2007 (Original Premises)
 March 1, 2011 (Expansion Space)

		
	EXPIRATION DATE:	  	February 28, 2021 (Original Premises & Expansion Space)
		
	TENANT’S
PROPORTIONATE
SHARE:	  	3.57 %

 Tenant hereby accepts the Expansion Premises as being in the condition required under the Lease. Both Landlord and Tenant
hereby acknowledge and agree that, notwithstanding the First Amendment to Lease, the Expansion Space Commencement Date is March 1, 2011. 
  

			
	Landlord:
	Oxford Development Company/Grant Street
	By:	 	OOC, Inc., general partner
		
	By:	 	 

  

		 	Steven J. Guy, President
		
	Date:	 	 June 8, 2011

	
	 Approved and Agreed:

TriState Capital Holdings, Inc.

		
	By:	 	 

  

		 	Vice Chairman & CFO
		
	Date:	 	 6/7/11Preferred Stock Purchase Agreement

 Exhibit 10.5 
 Execution Copy 
  

 
  

PREFERRED STOCK PURCHASE AGREEMENT 
 by and among 
 TRISTATE CAPITAL HOLDINGS, INC. 

and 

THE PURCHASERS NAMED HEREIN 
 April 24, 2012 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1 PURCHASE AND SALE; CLOSING
	  	 	1	  
		
	 1.1 Authorization of Issuance and Sale of the Series C Preferred
	  	 	1	  
		
	 1.2 Purchase and Sale of the Series C Preferred
	  	 	1	  
		
	 1.3 Closing
	  	 	1	  
		
	 ARTICLE 2 CONDITIONS OF THE OBLIGATIONS OF THE PURCHASERS AT CLOSING
	  	 	2	  
		
	 ARTICLE 3 CONDITIONS OF THE OBLIGATIONS OF THE CORPORATION AT CLOSING
	  	 	2	  
		
	 ARTICLE 4 PRE CLOSING COVENANTS
	  	 	2	  
		
	 4.1 Exclusivity
	  	 	2	  
		
	 4.2 Affirmative Covenants of the Corporation
	  	 	2	  
		
	 4.3 Negative Covenants of the Corporation
	  	 	4	  
		
	 4.4 Access to Information
	  	 	4	  
		
	 4.5 Termination
	  	 	5	  
		
	 ARTICLE 5 COVENANTS
	  	 	5	  
		
	 ARTICLE 6 REPRESENTATIONS AND WARRANTIES OF THE CORPORATION
	  	 	5	  
		
	 6.1 Organization
	  	 	6	  
		
	 6.2 Equity Securities and Related Matters
	  	 	6	  
		
	 6.3 Subsidiaries; Investments
	  	 	7	  
		
	 6.4 Authorization
	  	 	7	  
		
	 6.5 No Contravention
	  	 	8	  
		
	 6.6 Financial Statements and Related Matters
	  	 	8	  
		
	 6.7 Absence of Undisclosed Liabilities
	  	 	9	  
		
	 6.8 No Material Adverse Effect
	  	 	9	  
		
	 6.9 Deposit Accounts
	  	 	9	  
		
	 6.10 Governmental and Regulatory Proceedings
	  	 	9	  
		
	 6.11 Agreements with Regulatory Agencies
	  	 	9	  
		
	 6.12 Risk Management Instruments
	  	 	10	  
		
	 6.13 No Restrictions
	  	 	10	  
		
	 6.14 Governmental Permits
	  	 	10	  
		
	 6.15 Reports
	  	 	11	  
		
	 6.16 Assets
	  	 	11	  

  
 i 

					
		
	 6.17 Tax Matters
	  	 	12	  
		
	 6.18 Contracts and Commitments
	  	 	14	  
		
	 6.19 Employees
	  	 	16	  
		
	 6.20 ERISA
	  	 	16	  
		
	 6.21 Compliance with Laws
	  	 	17	  
		
	 6.22 Affiliated Transactions; Insider Loans
	  	 	17	  
		
	 6.23 Intellectual Property Rights
	  	 	18	  
		
	 6.24 Litigation, Etc
	  	 	19	  
		
	 6.25 Insurance
	  	 	19	  
		
	 6.26 Real Property
	  	 	19	  
		
	 6.27 Environmental Liability
	  	 	20	  
		
	 6.28 Disclosure
	  	 	21	  
		
	 6.29 Mortgage Banking Business
	  	 	21	  
		
	 6.30 Loan Portfolio
	  	 	22	  
		
	 6.31 Securities Portfolio
	  	 	22	  
		
	 6.32 Brokerage
	  	 	23	  
		
	 6.33 Absence of Certain Developments
	  	 	23	  
		
	 6.34 Fiduciary Accounts
	  	 	24	  
		
	 6.35 Compliance with Servicing Obligations
	  	 	24	  
		
	 6.36 TARP Capital Purchase Program
	  	 	24	  
		
	 6.37 Extension of De Novo Period of the Bank
	  	 	25	  
		
	 ARTICLE 7 REPRESENTATIONS AND WARRANTIES OF EACH PURCHASER
	  	 	25	  
		
	 7.1 Organization, Power and Authority
	  	 	25	  
		
	 7.2 Authorization
	  	 	25	  
		
	 7.3 Noncontravention
	  	 	25	  
		
	 7.4 Investment Representations and Warranties
	  	 	26	  
		
	 7.5 Litigation, Etc
	  	 	26	  
		
	 7.6 Availability
	  	 	26	  
		
	 ARTICLE 8 MISCELLANEOUS
	  	 	26	  
		
	 8.1 Fees and Expenses
	  	 	26	  
		
	 8.2 Absence of Control
	  	 	27	  
		
	 8.3 Voting
	  	 	27	  
		
	 8.4 Additional Regulatory Matters
	  	 	27	  

  
 ii 

					
		
	 8.5 Press Release and Announcements; Confidential Information
	  	 	28	  
		
	 8.6 Survival of Representations and Warranties; Indemnification
	  	 	29	  
		
	 8.7 Indemnification Procedure.
	  	 	30	  
		
	 8.8 Further Assurances
	  	 	31	  
		
	 8.9 Remedies
	  	 	31	  
		
	 8.10 Amendments and Waivers
	  	 	31	  
		
	 8.11 Successors and Assigns; No Third Party Beneficiaries
	  	 	32	  
		
	 8.12 Severability
	  	 	32	  
		
	 8.13 Counterparts
	  	 	32	  
		
	 8.14 Defined Terms; Descriptive Headings; Interpretation
	  	 	32	  
		
	 8.15 Entire Agreement
	  	 	32	  
		
	 8.16 Schedules
	  	 	33	  
		
	 8.17 Governing Law
	  	 	33	  
		
	 8.18 Notices
	  	 	33	  
		
	 8.19 Construction
	  	 	33	  
		
	 8.20 Consent to Jurisdiction
	  	 	34	  
		
	 8.21 Waiver of Jury Trial
	  	 	34	  

 EXHIBITS 

Exhibit A-1 – Certificate of Designation of Perpetual Convertible Preferred Stock, Series C of the Corporation 

Exhibit A-2 – Amendment to Articles of Incorporation of the Corporation 
 Exhibit B – Registration Rights Agreement 
 Exhibit C – Amended and Restated By-laws of
the Corporation 
 Exhibit D – Amended and Restated By-laws of the Bank 
 Exhibit E – Opinion of Counsel for the Corporation 
 ANNEXES 

Purchasers Conditions Annex 
 Corporation
Conditions Annex 
 Covenants Annex 

  
 iii

 SCHEDULES 
 Affiliated Transactions Schedule 
 Assets Schedule 

Authorization & Consent Schedule 

Brokerage Schedule 
 Capitalization Schedule

 Compliance Schedule 
 Contracts
Schedule 
 Developments Schedule 

Employee Benefits Schedule 
 Employees Schedule

 Extension of De Novo Period Schedule 
 Financial Statements Schedule 
 Insider Loans Schedule 

Insurance Schedule 
 Intellectual Property
Schedule 
 Investments & Subsidiaries Schedule 
 Liabilities Schedule 
 Litigation Schedule 

Loan Portfolio Schedule 
 Mortgage Banking
Schedule 
 No Restrictions Schedule 

Real Property Schedule 
 Regulatory Issues
Schedule 
 Restrictions Schedule 

  
 iv 

 Securities Portfolio Schedule 
 Taxes Schedule 
 Schedule A 

  
 v 

 PREFERRED STOCK PURCHASE AGREEMENT 

This Preferred Stock Purchase Agreement is made and entered into as of April 24, 2012, by and among TriState Capital Holdings, Inc.,
a Pennsylvania corporation (the “Corporation”) and the sole shareholder of TriState Capital Bank, a Pennsylvania chartered bank (the “Bank”), and each of LM III TriState Holdings LLC (“LM III”) and
LM III-A TriState Holdings LLC (“LM III-A”). LM III and LM III-A are sometimes referred to herein collectively as the “Purchasers” and each as a “Purchaser.” The Corporation and the Purchasers are
sometimes referred to herein collectively as the “Parties” and individually as a “Party.” Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Definitions
Annex. 
 WHEREAS, the Purchasers desire to purchase from the Corporation, and the Corporation desires to sell to the
Purchasers, shares of the Corporation’s Perpetual Convertible Preferred Stock, Series C, no par value per share (the “Series C Preferred”), on the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the mutual covenants, agreements and understandings contained herein, and intending to be legally
bound, the Parties agree as follows: 
 ARTICLE 1 
 PURCHASE AND SALE; CLOSING 
 1.1 Authorization of Issuance and Sale of the
Series C Preferred. The Corporation shall authorize the issuance and sale to the Purchasers of 48,780.488 shares of Series C Preferred of the Corporation. The Series C Preferred shall have the rights and preferences set forth in the
Corporation’s Certificate of Designation of Perpetual Convertible Preferred Stock, Series C in the form attached hereto as Exhibit A. 
 1.2 Purchase and Sale of the Series C Preferred. At the Closing (as defined in Section 1.3 below), the Corporation shall sell and deliver to the Purchasers good and marketable
title to, free and clear of all Encumbrances (in accordance with the percentages set forth on Schedule A) and, subject to the terms and conditions set forth herein, and the Purchasers (in accordance with the percentages set forth on
Schedule A) shall purchase from the Corporation, the Series C Preferred Shares, at a price per share equal to the Preferred Purchase Price. 
 1.3 Closing. The closing of the purchase and sale of the Series C Preferred to be purchased pursuant to Section 1.2 (the “Closing”) shall take place at a time and
date as shall be agreed upon by the Parties hereto, but in no event later than the third business day following the date on which the conditions to Closing set forth in this Agreement shall have been satisfied or waived (other than those conditions
that by their nature are to be satisfied at the Closing, but subject to fulfillment or waiver of those conditions), at the offices of Keevican Weiss Bauerle & Hirsch LLC located at 1001 Liberty Avenue, 11th Floor, Federated Investors Tower, Pittsburgh, Pennsylvania 15222, or
remotely via electronic or other exchange of documents and signature pages, or at such other date or location as shall be agreed upon by the Parties hereto. The date of the Closing is referred to as the “Closing Date.” 

 ARTICLE 2 
 CONDITIONS OF THE OBLIGATIONS OF THE PURCHASERS AT CLOSING 
 The obligation of
each Purchaser to purchase and pay for the applicable Series C Preferred at the Closing is subject to the satisfaction or waiver as of the Closing of the conditions set forth on the Purchasers Conditions Annex. Any condition specified in
the Purchasers Condition Annex may be waived by the Purchasers; provided that no such waiver will be effective unless it is set forth in a writing executed by each Purchaser. 

ARTICLE 3 

CONDITIONS OF THE OBLIGATIONS OF THE CORPORATION AT CLOSING 
 The obligation of the Corporation to consummate the transactions contemplated hereby at the Closing are subject to the satisfaction or waiver as of the Closing of the conditions set forth on the
Corporation Conditions Annex. Any condition specified in the Corporation Conditions Annex may be waived by the Corporation; provided that no such waiver will be effective unless it is set forth in a writing executed by the
Corporation. 
 ARTICLE 4 
 PRE-CLOSING COVENANTS 
 4.1 Exclusivity. Without the prior written consent
of each Purchaser (which consent may be withheld at such Purchaser’s sole discretion) until the earlier of (x) the date of the Closing and (y) the date on which this Agreement is terminated in accordance with its terms, the
Corporation agrees not to (and will not permit any of its Subsidiaries or Affiliates, or any employee, officer, director, partner, agent, trustee, representative or other Person acting on its behalf or any entity under its control or at its
direction to), directly or indirectly, sell or agree to sell to any other Person, discuss or negotiate with any other Person a possible sale of, or solicit or accept any offer to purchase from any other Person, all or any part of the
Corporation’s or its Subsidiaries’ Equity Securities or assets (whether such transaction takes the form of an issuance or sale of common stock or other securities, merger, consolidation, sale of assets, liquidation, dissolution,
refinancing, recapitalization, reorganization or otherwise), or provide any information to any other Person concerning the Corporation or its Subsidiaries. The Corporation represents and warrants that it has ceased all discussions with all Persons
(other than the Purchasers) regarding all of the foregoing, and that none of the Corporation, its Subsidiaries or any of their respective officers, directors, affiliates, partners, trustees, agents or representatives is a party to or bound by any
agreement relating to any of the foregoing, other than agreements with Purchasers. 
 4.2 Affirmative Covenants of the
Corporation. Prior to the Closing Date, unless the Purchasers otherwise agree in writing, the Corporation and each of its Subsidiaries shall conduct its business and operations only in the ordinary course of business consistent with past custom
and practice (including with respect to quantity and frequency). In addition, prior to the Closing Date (unless the Purchasers otherwise agree in writing), the Corporation and each of its Subsidiaries shall: 

  
 2 

 (a) maintain policies and practices with respect to liquidity management and cash flow
planning, marketing, deposit origination, lending, budgeting, profit and tax planning, accounting or any other material aspect of its business or operations in the ordinary course of business; 

(b) maintain an allowance for loan and lease losses which is adequate in all respects to provide for losses, net of recoveries relating to
loans previously charged off, on outstanding loans and leases, and charge off any loans or leases that would be deemed uncollectible in accordance with GAAP or any Laws; 
 (c) file in a timely manner all required filings with all Governmental Entities and cause such filings to be true and correct in all material respects; 

(d) use commercially reasonable efforts to carry on the business of the Corporation and its Subsidiaries in the same manner as presently
conducted and to keep the business organization and properties of the Corporation and its Subsidiaries intact (including its present business operations, physical facilities, working conditions and employees, and its present relationships with
lessors, licensors, suppliers and customers and others having business relations with it); 
 (e) promptly (once any officer or
director of the Corporation obtains knowledge thereof) inform Purchasers in writing of any material variances from the representations and warranties contained in Article 6 or any material breach of any covenant hereunder by the
Corporation; and 
 (f) cooperate with the Purchasers and use all best efforts to cause the conditions to the Purchasers’
obligation to close to be satisfied (including the execution and delivery of all agreements contemplated hereunder to be so executed and delivered and the making and obtaining of all third party and governmental notices, filings, authorizations,
approvals, consents, releases and terminations); provided, however, that, in no event will the Corporation or any of its Affiliates be obligated to: 

(i) without limiting clause (f)(ii) below, (x) propose or accept any divestiture of any of the
Corporation’s or any of its Affiliates’ assets, or (y) accept any operational restriction on the Corporation’s or any of its Affiliates’ business, or agree to take any action that limits the Corporation’s or any of its
Affiliates’ commercial practices in any way that would require them to obtain any consent, acceptance or approval of any Governmental Entity to consummate the transactions contemplated hereby; or 

(ii) propose or agree to accept any term or condition or otherwise modify the terms of this Agreement or any other
Transaction Document to obtain any consent, acceptance, or approval of any Governmental Entity to the consummation of the transactions contemplated by this Agreement and the other Transaction Documents if such term, condition, modification or
confirmation would (x) materially adversely affect (with respect to the Corporation or its Affiliates) any material term of the transactions, or (y) adversely affect (with respect to the Corporation or its Affiliates) any material

  
 3 

 
financial term of the transactions contemplated by this Agreement and the other Transaction Documents. 
 4.3 Negative Covenants of the Corporation. Except as otherwise expressly contemplated by this Agreement, prior to the Closing Date, without the Purchasers’ prior written consent, neither the
Corporation nor any of its Subsidiaries shall: 
 (a) take any action requiring disclosure under Section 6.33 other
than in the ordinary course of business; 
 (b) make any loans or enter into any transaction with any Insider other than in the
ordinary course of business; 
 (c) declare, pay, make or otherwise effectuate any dividends, distributions, redemptions, equity
repurchases or other transactions involving the Corporation’s capital stock other than dividends required to be declared, paid or made with respect to the Corporation’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A
(“TARP Series A Preferred Stock”) and Fixed Rate Cumulative Perpetual Preferred Stock, Series B (“TARP Series B Preferred Stock”) pursuant to the Certificates of Designation of such series of stock;

 (d) incur any Indebtedness other than in the ordinary course of business; 

(e) terminate, modify, enter into any new, or amend any existing, material contracts, agreements, commitments or Licenses to which the
Corporation or any of its Subsidiaries is a party or is bound or relating to the businesses of the Corporation and its Subsidiaries other than in the ordinary course of business; 

(f) fail to take any action which failure would reasonably be anticipated to have a Material Adverse Effect; 

(g) make any loan or commitment to make, renew, extend the term or increase the amount of any loan to any Person if such loan or any other
loans to such Person or an Affiliate of such Person is on the “watch list” or similar internal report of the Corporation or any Subsidiary, or has been classified by the Corporation, any Subsidiary or Governmental Entity as
“substandard,” “doubtful,” “loss,” or “other loans specially mentioned” or listed as a “potential problem loan” or for which a “troubled asset report” has been produced; and 

(h) agree to do any of the foregoing or negotiate or have any discussions with any Person with respect to any of the foregoing.

 4.4 Access to Information. The Purchasers may make or cause to be made such investigation of the business and
properties of the Corporation and its Subsidiaries as they deem necessary or advisable to familiarize themselves therewith. Subject to the applicable Confidentiality Agreement, the Corporation, the Bank and their respective officers, directors,
employees and agents shall permit each Purchaser and its employees, agents, accounting, legal and other authorized representatives and representatives of the financial institutions which are considering participation in the financing of this
transaction to (a) have full access to the premises, books and records of the Corporation and its Subsidiaries at reasonable hours, (b) visit 

  
 4 

 
and inspect any of the properties of the Corporation and its Subsidiaries and (c) discuss the affairs, finances and accounts of the Corporation and its Subsidiaries with the directors,
officers, key employees, key customers, key sales representatives, key suppliers and independent accountants of the Corporation and its Subsidiaries. 
 4.5 Termination. This Agreement may be terminated as between the Corporation and the Purchasers at any time prior to the Closing: (a) by the mutual written consent of the Corporation and the
Purchasers; (b) by the Purchasers or the Corporation, if there has been a material misrepresentation or material breach on the part of the Corporation (in the case of such Purchasers’ right to terminate) or the Purchasers (in the case of
Corporation’s right to terminate) of the representations, warranties or covenants set forth in this Agreement (including in the Schedules or Exhibits hereto) or if events have occurred which have made it impossible to satisfy a condition
precedent to the terminating Party’s obligations to consummate the transactions contemplated hereby unless such terminating Party’s breach of this Agreement has caused the condition not to be satisfied; (c) by the Purchasers, if
between the date hereof and the Closing Date the Corporation sells, issues, transfers, contributes, distributes or otherwise disposes of any securities (including options and warrants and any other Equity Securities) or assets of the Corporation or
any of its Subsidiaries other than in the ordinary course of business; or (d) by the Purchasers or the Corporation if the Closing has not occurred on or prior to August 31, 2012; provided that neither the Purchasers nor the
Corporation may terminate this Agreement pursuant to this Section 4.5 if such Party’s breach of this Agreement has prevented the consummation of the transactions contemplated hereby at or prior to such time. In the event of
termination of this Agreement by the Purchasers or the Corporation as provided in this Section 4.5, this Agreement shall immediately terminate and become void and of no further force or effect as between the Corporation and the
Purchasers, and there shall be no liability on the part of either the Corporation or the Purchasers to any other Party or its shareholders or directors or officers under this Agreement; provided that the provisions of this
Section 4.5, Article 8, and the Confidentiality Agreements shall survive such termination and shall continue in full force and effect; provided, further, that nothing herein shall relieve any Party from
liability for any breach of this Agreement prior to such termination. 
 ARTICLE 5 

COVENANTS 
 The
Corporation and its Subsidiaries shall at all times comply with the covenants set forth in the Covenants Annex for so long as the Purchasers (or its permitted successors and assigns) hold Equity Securities of the Corporation comprising at
least twenty-five percent (25%) of the Equity Securities the Purchasers purchased pursuant to this Agreement. 
 ARTICLE 6

 REPRESENTATIONS AND WARRANTIES OF THE CORPORATION 
 On or prior to the date hereof, the Corporation has delivered to the Purchasers a complete set of Schedules setting forth, among other things, items the disclosure of which is necessary or appropriate
either in response to an express disclosure requirement contained in a provision hereof or as an exception to one or more representations, warranties or covenants contained in this Agreement. As a material inducement to the Purchasers to enter into
this Agreement and 

  
 5 

 
purchase the Series C Preferred hereunder, the Corporation hereby represents and warrants to the Purchasers as follows as of the date hereof, the Closing Date, and such other dates as may
specifically be provided for in this Article 6 with respect to any representation and warranty: 
 6.1 Organization.

 (a) The Corporation and each of its Subsidiaries are duly organized, validly existing and in good standing under the Laws of
their respective jurisdictions of incorporation or organization and are qualified to do business in every jurisdiction in which failure to qualify, individually or in the aggregate, has had or would have a Material Adverse Effect. The Corporation is
registered with the Board of Governors of the Federal Reserve System (the “Federal Reserve”) as a bank holding company under the Bank Holding Company Act of 1956, as amended, or any successor statute (the “BHC
Act”). The Corporation and each of its Subsidiaries possess all requisite power and authority to own and operate their properties, to carry on their businesses as presently conducted and presently proposed to be conducted and to carry out
the transactions contemplated by this Agreement and to execute and deliver the Transaction Documents to which it is a party and to consummate the transactions contemplated hereby and thereby. The Governing Documents of the Corporation and all of its
Subsidiaries, copies of which have been provided to the Purchasers prior to the Closing, are true, complete and correct copies of such documents as in full force and effect as of the Closing. 

(b) The Bank is a non-federal reserve member Pennsylvania chartered bank duly organized, validly existing and in good standing under the
laws of the Commonwealth of Pennsylvania. The Bank has full power and authority, corporate and otherwise, to own, operate and lease its properties as presently owned, operated and leased, and to carry on its business as it is now being conducted,
and is duly qualified to do business and is in good standing in each jurisdiction in which the nature of the business conducted or the properties or assets owned or leased by it makes such qualification necessary. The Corporation owns 100% of the
Equity Securities of the Bank. 
 6.2 Equity Securities and Related Matters. 

(a) Immediately prior to the Closing (and before giving effect to the transactions contemplated hereby), the authorized, issued and
outstanding Equity Securities of the Corporation consist solely of the Equity Securities set forth on the Capitalization Schedule, which are held beneficially and of record as set forth on the Capitalization Schedule, free and clear of
all Encumbrances. Immediately following the Closing and after giving effect to transactions contemplated hereby, the authorized, issued and outstanding Equity Securities of the Corporation shall consist solely of the Equity Securities set forth on
the Capitalization Schedule, all of which shall be held beneficially and of record as set forth on the Capitalization Schedule, free and clear of all Encumbrances. 

(b) Each of the Equity Securities referred to in Section 6.2(a) has been duly authorized and each such Equity Security has
been validly issued, fully-paid and non-assessable (and with regard to the Series C Preferred, has not been issued in violation of any preemptive rights, will rank pari passu with or senior to all other series or classes of
preferred stock, whether or not issued or outstanding, with respect to the payment of dividends and the distribution of 

  
 6 

 
assets in the event of any dissolution, liquidation or winding up of the Corporation). Except as set forth on the Capitalization Schedule, none of the Corporation or any of its
Subsidiaries has any outstanding Equity Securities or securities or rights containing any profit participation features, or any rights or options to subscribe for or to purchase any equity appreciation rights or phantom equity-type rights. None of
the Corporation or its Subsidiaries is subject to any obligation (contingent or otherwise) to repurchase or otherwise acquire or retire any Equity Securities, other than as expressly provided in or contemplated by this Agreement or as set forth on
the Capitalization Schedule. Except as set forth on the Capitalization Schedule, there are no preemptive rights or rights of first refusal or other similar restrictions with respect to the purchase and sale of the Series C
Preferred hereunder. Except for this Agreement, the Registration Rights Agreement and as set forth on the Capitalization Schedule, there are no agreements or understandings between or among the Corporation and the holders of any of its Equity
Securities or, to the Knowledge of the Corporation, among any other Persons with respect to the voting or transfer of the Corporation’s Equity Securities (including registration rights) or with respect to any other aspect of its governance.

 6.3 Subsidiaries; Investments. The Investments and Subsidiaries Schedule correctly sets forth and describes
each Investment of the Corporation in another Person (to the extent not set forth on the Capitalization Schedule) and the name of each of the Corporation’s Subsidiaries and the jurisdiction of its organization. Except as set forth on the
Investments and Subsidiaries Schedule, neither the Corporation nor any Subsidiary has had any Investment or has any obligation to make any Investments. 
 6.4 Authorization. 
 (a) The Corporation has the requisite corporate power
and authority to execute, deliver and perform its obligations under the Transaction Documents and to consummate the transactions contemplated hereby. The execution, delivery and performance of the Transaction Documents by the Corporation and the
consummation by the Corporation of the Transactions, including the issuance of the Series C Preferred and the reservation for issuance and the issuance of the Conversion Stock issuable upon conversion of the Series C Preferred, have been
duly authorized by the Board and, other than as described at the beginning of this Section 6.4, no further corporate action on the part of the Corporation is required in connection therewith. Except as disclosed on the Authorization
and Consent Schedule or as otherwise specified in this Section 6.4, no filing, consent or authorization is required by the Corporation, the Board or its shareholders with respect to the transactions contemplated hereby. The
Transaction Documents have been duly executed and delivered by the Corporation and constitute, and, upon execution and delivery thereof by the Corporation as contemplated herein, will constitute, legal, valid and binding obligations of the
Corporation, enforceable against the Corporation in accordance with their respective terms, except as such enforceability may be limited by general principles of equity, applicable bankruptcy, fraudulent conveyance, insolvency, reorganization,
moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies or as indemnification or contribution may be limited by the securities laws and public policy relating
thereto. 
 (b) The execution, delivery and performance of each Transaction Document to which the Corporation and/or any
Subsidiary is a party and the consummation of all of the 

  
 7 

 
transactions contemplated hereby and thereby have been duly authorized by the Corporation and/or such Subsidiary, as the case may be, and, to the extent required under their respective applicable
Governing Documents or otherwise, its shareholders, directors, partners, managers and/or members. Each Transaction Document to which the Corporation and/or any Subsidiary is a party has been duly executed and delivered by the Corporation and/or such
Subsidiary and constitutes valid and binding obligations of the Corporation and/or such Subsidiary, as the case may be, enforceable in accordance with its respective terms. 
 6.5 No Contravention. Except as set forth on the Restrictions Schedule, the execution and delivery by the Corporation and/or any Subsidiary of each Transaction Document to which the
Corporation and/or such Subsidiary is a party, the consummation of the Transaction and the consummation of all of the other transactions contemplated hereby and thereby and the fulfillment of and compliance with the respective terms hereof and
thereof by the Corporation and/or each Subsidiary, as the case may be, did not, do not and shall not, as the case may be, (a) conflict with or result in a breach or violation of, (b) constitute a default under (whether with or without the
passage of time, the giving of notice or both), (c) result in the creation of any Lien or Encumbrance upon the Corporation’s Equity Securities or assets pursuant to, (d) give any third party the right to modify, terminate or
accelerate, or cause any modification, termination or acceleration of, any obligation under, (e) create any right to payment or any other right (concurrently or with the passage of time and/or upon the occurrence of one or more events or
conditions), or (f) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any third party or any Governmental Entity, the Corporation’s or any Subsidiary’s Governing
Documents, or any Law to which the Corporation, any Subsidiary is subject, or any order, judgment or decree or any contract, agreement, instrument or document to which the Corporation or any Subsidiary is a party or is otherwise subject. 

6.6 Financial Statements and Related Matters. Attached hereto to the Financial Statements Schedule are the following
financial statements (the “Financial Statements”): 
 (a) the consolidated and consolidating audited balance
sheet of the Bank as of December 31, 2010 and December 31, 2011 and the related statements of operation, cash flows and shareholders’ equity (or the equivalent) for the twelve (12) month period then ended; and 

(b) the consolidated and consolidating unaudited balance sheet of the Corporation and its Subsidiaries as of March 31, 2012 (the
“Latest Balance Sheet”) and the related statements of operation, cash flows and shareholders’ equity (or the equivalent) for the three (3) month period then ended. 

Each of the foregoing Financial Statements (including the notes thereto, if any) is consistent with the books and records of the
Corporation and its Subsidiaries (which books and records are accurate and complete in all material respects), presents fairly in all material respects the financial condition and results of operations and cash flows of the Corporation and its
Subsidiaries as of the dates thereof and for the periods covered thereby and has been prepared in accordance with GAAP consistently applied throughout the periods covered thereby (subject, in the

  
 8 

 
case of the unaudited Financial Statements, to the absence of footnote disclosures and, in the case of the Latest Balance Sheet, to normal year-end adjustments for recurring accruals (which shall
not be material, individually or in the aggregate)). 
 6.7 Absence of Undisclosed Liabilities. Except as set forth on
the Liabilities Schedule, neither the Corporation nor any Subsidiary have or will have any material obligation or liability (whether accrued, absolute, contingent, unliquidated or otherwise, whether known or unknown, whether due or to become
due and regardless of when asserted) arising out of any transactions entered into, at or prior to the date hereof, or any action or inaction at or prior to the date hereof, or any state of facts existing at or prior to the date hereof, other than:
(a) liabilities set forth on the liabilities side of the Latest Balance Sheet (including any notes thereto), (b) liabilities and obligations which have arisen after the date of the Latest Balance Sheet in the ordinary course of business
(none of which is a liability resulting from noncompliance with any applicable Laws, breach of contract, breach of warranty, tort, infringement, claim or lawsuit) and (c) other liabilities that do not individually exceed $100,000 or in the
aggregate exceed $250,000. 
 6.8 No Material Adverse Effect. Since December 31, 2011, (a) there has
occurred no fact, event or circumstance which has had or would reasonably be expected to have a Material Adverse Effect and (b) the Corporation and each of its Subsidiaries has conducted its business only in the ordinary course of business.

 6.9 Deposit Accounts. Depending on their nature and size, the deposit accounts of the Bank are insured up to the
regulatory maximum amount provided by the Federal Deposit Insurance Corporation and no proceedings for the modification, termination or revocation of any such insurance are pending or, to the Knowledge of the Corporation, threatened or contemplated.

 6.10 Governmental and Regulatory Proceedings. There is no action or proceeding to which the Corporation or any of its
Subsidiaries is a party pending or, to the Knowledge of the Corporation, threatened or contemplated, before any Governmental Entity or self-regulatory organization (i) that challenges the validity or propriety of the transactions contemplated
hereby or (ii) if determined adversely to the Corporation or any Subsidiary would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. To the Knowledge of the Corporation, no executive officer, director
or employee of the Corporation or any of its Subsidiaries is the subject of any action or proceeding involving a claim of material breach of fiduciary duty relating to the Corporation or any of its Subsidiaries or is or may be permanently or
temporarily enjoined by any order, judgment or decree of any Governmental Entity or self-regulatory organization from engaging in or continuing to conduct any of the businesses of the Corporation or any Subsidiary. No order, judgment or decree of
any Governmental Entity or self-regulatory organization has been issued in any action or proceeding to which the Corporation or any of its Subsidiaries is or was a party that would reasonably be expected, individually or in the aggregate, to have a
Material Adverse Effect. 
 6.11 Agreements with Regulatory Agencies. Except as set forth on the Regulatory Issues
Schedule, neither the Corporation nor any Subsidiary is subject to any cease-and-desist or other similar order or enforcement action issued by, or is a party to any written agreement, consent agreement or memorandum of understanding with, or is
a party to any commitment letter or similar undertaking to, or is subject to any capital directive by, or has adopted any board 

  
 9 

 
resolutions at the request of, or is subject to any supervisory letter from, or has been ordered to pay any civil money penalty by, or has adopted any policies or procedures at the request of,
any Governmental Entity (each item in this sentence, a “Regulatory Agreement”), nor has the Corporation or any Subsidiary been advised by any such Governmental Entity that it is considering issuing, initiating, ordering or
requesting any such Regulatory Agreement. The Corporation and each Subsidiary are in compliance in all respects with each Regulatory Agreement to which it is party or subject, and neither the Corporation nor any Subsidiary has received any notice
from any Governmental Entity indicating that either the Corporation or any Subsidiary is not in compliance in all material respects with any such Regulatory Agreement. 
 6.12 Risk Management Instruments. All derivative instruments, including, swaps, caps, floors and option agreements, whether entered into for the Corporation’s own account, or for the account
of one or more of its Subsidiaries or its or their customers, were entered into (i) only in the ordinary course of business, (ii) in accordance with prudent practices and in all material respects with all applicable Laws and
(iii) with counterparties believed to be financially responsible at the time; and each of such instruments constitutes the valid and legally binding obligation of the Corporation or one of its Subsidiaries, enforceable in accordance with its
terms. Neither the Corporation or its Subsidiaries, nor, any other party thereto, is in breach of any of its obligations under any such agreement or arrangement. 
 6.13 No Restrictions. Except as set forth on the No Restrictions Schedule, neither the Corporation nor any Subsidiary is currently prohibited, directly or indirectly, under any order of any
Governmental Entity (other than orders, regulations or policy statements applicable to bank holding companies and their subsidiaries generally), or any agreement or other instrument to which it is a party or is subject, from paying any dividends,
from making any other distribution on its Equity Securities, from repaying any loans or advances or from transferring any of its properties or assets. 
 6.14 Governmental Permits. 
 (a) The Corporation and its Subsidiaries hold
all permits that are required for the conduct of the businesses of the Corporation and its Subsidiaries as currently being conducted, each as amended through the date hereof, other than such miscellaneous permits the absence of which would not
reasonably be expected, individually or in the aggregate to have a Material Adverse Effect. 
 (b) All regulatory permits are in
full force and effect and have not been pledged or otherwise encumbered, assigned, suspended, modified, conditioned, or restricted in any material respect, canceled or revoked, and the Corporation and each of its Subsidiaries and, to the Knowledge
of the Corporation, each of their respective executive officers and directors, have operated at all times, and are operating, in compliance in all material respects, with all terms thereof or any renewals thereof applicable to them. No event has
occurred, nor has any notice been received, with respect to any of the regulatory permits which allow or result in, or after notice or lapse of time or both would reasonably be expected to result in, revocation, suspension, termination, modification
or the imposition of any condition or restriction, thereof or would reasonably be expected to result in any other material impairment of the rights of the holder of any such regulatory permit. 

  
 10 

 (c) No Governmental Entity or self-regulatory organization has initiated any proceeding or
investigation (other than examinations conducted in the ordinary course) into the business or operations of the Corporation or any Subsidiary, or, to the Knowledge of the Corporation, any executive officer or director thereof, or has instituted any
proceeding seeking to revoke, cancel or limit any of the Corporation’s or its Subsidiaries’ permits, and neither the Corporation nor any Subsidiary, nor, to the Knowledge of the Corporation, any executive officer or director thereof has
received any notice of any unresolved material violation by any Governmental Entity or self-regulatory organization with respect to any report or statement relating to any examination of the Corporation or any Subsidiary. Without limiting the
generality of the foregoing, neither the Corporation nor any Subsidiary nor, to the Knowledge of the Corporation, any of their respective executive officers or directors or Persons performing similar duties has been enjoined, indicted, convicted or
made the subject of a disciplinary proceeding, censure, consent decree, memorandum of understanding, cease and desist or administrative order on account of any violation of any Laws applicable to the Corporation or any of its Subsidiaries.

 6.15 Reports. The Corporation and each Subsidiary has filed all reports, forms, correspondence, registrations,
submissions, filings, documents and statements, together with any amendments required to be made with respect thereto (“Reports”), that it was required to file with any Governmental Entity, and all other reports and statements
required to be filed by them, including any report or statement required to be filed pursuant to the laws, rules or regulations of the United States, any state, or any Governmental Entity and have paid all fees and assessments due and payable in
connection therewith. Each Report, including the documents incorporated by reference in each, contained all of the information required to be included in it and, when it was filed and as of the date of each such Report, such Report did not, as of
its date or if amended prior to the date of this Agreement, as of the date of such amendment, contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made in it, in light of the
circumstances under which they are made, not misleading and complied with the applicable requirements of the applicable Governmental Entity. 
 6.16 Assets. Except as set forth on the Assets Schedule, the Corporation and each of its Subsidiaries has good and valid title to, a valid leasehold interest in, or a valid license to use,
the properties and assets, tangible or intangible, used by them, located on their premises or shown on the Latest Balance Sheet or acquired thereafter (the “Assets”), free and clear of all Liens, except for properties and assets
disposed of in the ordinary course of business since the date of the Latest Balance Sheet and except for Liens disclosed on the Latest Balance Sheet (including any notes thereto) and Permitted Encumbrances. Except as set forth on the Assets
Schedule, all of the tangible Assets are in good condition and repair (ordinary wear and tear excepted) and are fit for use in the Corporation’s or its respective Subsidiary’s ordinary course of business. Except as set forth on the
Assets Schedule, the Corporation’s Assets constitute all of the assets, properties and rights, whether tangible or intangible, necessary for the conduct of the Corporation’s business and each Subsidiary’s business as currently
conducted or otherwise used by the Corporation or any Subsidiary during the past twelve (12) months in the conduct of their business. The real property, buildings, structures and equipment owned or leased by the Corporation and its Subsidiaries
are in compliance with all building and development codes and other restrictions, including subdivision regulations, utility tariffs and regulations, conservation 

  
 11 

 
laws, zoning laws, ordinances and the Americans with Disabilities Act of 1990, as amended, and the regulations promulgated thereunder. 

6.17 Tax Matters. Except as set forth on the Taxes Schedule: 

(a) Each of the Corporation and its Subsidiaries has timely filed all Tax Returns required to be filed by it with any Tax authority, and
each Tax Return filed, whether or not required, has been prepared in compliance with applicable Laws and is true, correct and complete. 
 (b) All Taxes payable by the Corporation or any of its Subsidiaries with respect to periods or portions of periods ending on or before the Closing Date have been paid when due or, if due on or after the
Closing Date, are properly accrued on its books and records as of the Closing, and the Corporation and each of its Subsidiaries has properly withheld and paid all Taxes required to have been withheld and paid in connection with amounts paid or owing
to any member, partners, shareholder, employee, creditor, independent contractor or other third party. 
 (c) There are no (and
there have not been any) actions, suits, proceedings or audits or any notices of inquiry with respect to any of the foregoing pending against or with respect to the Corporation or any Subsidiary regarding Taxes or Tax Returns and no action, suit,
proceeding or audit has been or, to the Corporation’s Knowledge, is currently threatened against or with respect to the Corporation or any Subsidiary regarding Taxes or Tax Returns. 

(d) The accrual for Taxes on the Latest Balance Sheet would be adequate to pay all Tax liabilities of the Corporation and its Subsidiaries
if their current tax year were treated as ending on the date of the Latest Balance Sheet. 
 (e) Neither the Corporation nor any
of its Subsidiaries is a party to or bound by any Tax allocation or Tax sharing agreement, has any current or potential contractual obligation to indemnify any other Person with respect to Taxes, nor has any liability for the Taxes of any Person, as
a transferee or successor, by contract, or otherwise. 
 (f) No claim has ever been made by a taxing authority in a jurisdiction
where the Corporation or any Subsidiary does not file Tax Returns that the Corporation or any of its Subsidiaries is or may be subject to taxation by such jurisdiction. 
 (g) Neither the Corporation nor any of its Subsidiaries (i) is currently the beneficiary of any extension of time within which to file any Tax Return or (ii) has consented to extend the time,
and is not the beneficiary of any extension of time, in which any Tax may be assessed or collected by any taxing authority. 

(h) Neither the Corporation nor any Subsidiary will be required to include any item of income in, or exclude any item of deduction from,
taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any: (i) change in method of accounting for a taxable period ending on or prior to the date of Closing; (ii) “closing
agreement” as described in Code §7121 (or any corresponding or similar provision of state, local or foreign income Tax law) executed on or prior to the date of the Closing; (iii) intercompany transactions 

  
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occurring at or prior to the Closing Date or any excess loss account in existence on the Closing Date described in Treasury Regulations under Code §1502 (or any corresponding or similar
provision of state, local or foreign income Tax law); (iv) installment sale or open transaction disposition made on or prior to the Closing Date; (v) prepaid amount received on or prior to the Closing Date; or (vi) election by the
Corporation or any Subsidiary under Code §108(i). 
 (i) Each of the Corporation and its Subsidiaries has been taxed as a
corporation for federal and all applicable state and local Tax purposes since the date of its formation. 
 (j) Each agreement,
contract, plan, or other arrangement that is a “nonqualified deferred compensation plan” (as defined in Section 409A) of the Code to which the Corporation or any of its Subsidiaries is a party (collectively, a
“Plan”) complies with and has been maintained in accordance with the requirements of Section 409A(a)(2), (3), and (4) of the Code and any U.S. Department of Treasury or Internal Revenue Service guidance issued thereunder
so that no amounts under any such Plan are or have been subject to the interest and additional tax set forth under Section 409A(a)(1)(B) of the Code. Neither the Corporation nor any of its Subsidiaries has any actual or potential obligation to
reimburse or otherwise “gross-up” any Person for the interest or additional tax set forth under Section 409A(a)(1)(B) of the Code. 
 (k) Neither the Corporation nor any Subsidiary is a party to any agreement, contract, arrangement or plan that has resulted or would result, separately or in the aggregate, in the payment of any
“parachute payment” within the meaning of Code §280G (or any corresponding provision of state, local or foreign Tax law). 
 (l) Neither the Corporation nor any of its Subsidiaries is or has been a party to any “listed transaction” as defined in Code Section 6707A(c)(2) and Treas. Reg.
Section 1.6011-4(b)(2). 
 (m) The Corporation has not been a United States real property holding corporation within the
meaning of Code Section 897(c)(2) during the applicable period specified in Code Section 897(c)(1)(A)(ii). 
 (n)
Neither the Corporation nor any Subsidiary has received from any foreign, federal, state, or local taxing authority (including jurisdictions where neither the Corporation nor any Subsidiary has filed Tax Returns) any (i) notice indicating an
intent to open an audit or other review, (ii) request for information related to Tax matters or (iii) notice of deficiency or proposed adjustment for any amount of Tax proposed, asserted or assessed by any taxing authority against the
Corporation or any Subsidiary. 
 (o) The Taxes Schedule attached hereto lists all federal, state, local, and foreign
income Tax Returns filed with respect to the Corporation or any Subsidiary for all of their taxable periods, indicates those Tax Returns that have been audited and indicates those Tax Returns that currently are the subject of audit. The Corporation
and its Subsidiaries have made available to the Purchasers correct and complete copies of all federal income Tax Returns, examination reports and statements of deficiencies assessed against or agreed to by the Corporation or any Subsidiary filed or
received. 

  
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 (p) Neither the Corporation nor any Subsidiary has waived any statute of limitations in
respect of Taxes or agreed to any extension of time with respect to a Tax assessment or deficiency. 
 (q) Since the date of the
Latest Balance Sheet, neither the Corporation nor any Subsidiary has incurred any liability for Taxes outside the ordinary course of business. 
 (r) The consummation of the transactions contemplated hereby shall not cause the Corporation or any Subsidiary to undergo an “ownership change” within the meaning of Code §382 (or any
corresponding provision of state, local or foreign Tax law). 
 6.18 Contracts and Commitments. Except for the
Transaction Documents or as set forth on the Contracts Schedule, neither the Corporation nor any of its Subsidiaries is a party to or bound by any written or oral: 
 (a) pension, profit sharing, retirement, bonus, incentive, equity option or other plan or arrangement providing for current or deferred or other compensation to employees or independent contractors or any
other employee benefit plan or arrangement or practice, whether formal or informal; 
 (b) collective bargaining agreement or any
other contract with any labor union, or any severance agreements, programs, policies or arrangements; 
 (c) agreement or
contract for the employment of any officer, individual employee or other Person on a full-time, part-time, consulting or other basis providing for either (i) annual cash or other compensation in excess of $150,000 or (ii) the payment of
any cash or other compensation or benefits upon the consummation of the transactions contemplated hereby or in connection with a change in control or a sale of Equity Securities; 

(d) contract or agreement (i) requiring the consent of any party thereto upon a change in control of the Corporation or any of its
Subsidiaries, (ii) containing any provision which would result in a modification of any rights or obligations of any party thereunder upon a change in control of the Corporation or any of its Subsidiaries or (iii) providing any party any
remedy (including rescission or liquidated damages) in the event of a change in control or a sale of Equity Securities; 
 (e)
agreement or indenture relating to Indebtedness or the mortgaging, pledging or otherwise placing a Lien on any asset of the Corporation or any Subsidiary, or any letter of credit arrangements or performance bond arrangements; 

(f) lease or agreement under which (i) it is lessee of or holds or operates any property, real or personal, owned by any other
Person, except for any lease of personal property under which the aggregate annual payments do not exceed $150,000 or (ii) it is lessor of or permits any third party to hold or operate any property, real or personal, owned or controlled by it
under which the aggregate annual payments (or the annual cost of obtaining and providing the same to such third party) exceed $150,000; 

  
 14 

 (g) inbound or outbound license, royalty, indemnification, assignment or other agreement
relating to Intellectual Property Rights, except for (a) licenses to the Corporation or any Subsidiary of commercially available off-the-shelf software which has not been customized for the Corporation or such Subsidiary in any significant
manner and (b) any such agreements for which the aggregate license fees and costs for any such license or group of related licenses does not exceed $200,000; 
 (h) non-disclosure or confidentiality agreement; 
 (i) contract or group of related
contracts with the same party or group of affiliated parties continuing over a period of more than six (6) months from the date or dates thereof, not terminable by the Corporation or a Subsidiary upon thirty (30) days’ or less notice
without penalty and involving more than $100,000; 
 (j) contract or group of related contracts with the same party or group of
affiliated parties requiring the payment of any fee, penalty or other amount by the Corporation or any Subsidiary in the event of any failure to perform or late performance involving more than $100,000; 

(k) agreement relating to the ownership of or investments in any business or enterprise, including investments in joint ventures and
minority equity investments; 
 (l) contract or agreement prohibiting it from freely engaging in any business or competing
anywhere in the world, providing for exclusivity in any business line, geographical area, services provided or otherwise, or containing any noncompetition or nonsolicitation obligations; or 

(m) other agreement or series of related agreements which individually or in the aggregate is or are material to its operations or
business prospects or involves annual consideration in excess of $150,000 (excluding contracts with employees), whether or not in the ordinary course of business. 
 (n) All of the contracts, agreements, instruments and documents set forth or required to be set forth on the Contracts Schedule (each, a “Material Contract”) are valid, binding and
enforceable against the Corporation and its respective Subsidiaries and each other party thereto in accordance with their respective terms (except as such enforceability may be limited by laws of general application relating to bankruptcy,
insolvency and relief of debtors). The Corporation and its Subsidiaries (as applicable) and, to the Knowledge of the Corporation, the other parties thereto have performed all obligations required to be performed by them and are not in default under
or in breach of, in each case, nor in receipt of any written claim of such default or breach, under any Material Contract. No event has occurred which with the passage of time or the giving of notice or both would result in a default, breach or
event of noncompliance, in each such case, by the Corporation or any of its Subsidiaries under any such Material Contract. The Corporation has no present expectation or intention of not fully performing on a timely basis all such obligations
required to be performed by the Corporation or any of its Subsidiaries (as the case may be) under any such Material Contract. The Corporation has no 

  
 15 

 
Knowledge of any cancellation, anticipated or threatened cancellation or any default or breach by the other parties to any Material Contract. 

(o) The Purchasers have been supplied with a true and complete copy of each of the written Material Contracts and agreements and an
accurate description of each of the oral Material Contracts. 
 6.19 Employees. 

(a) Except as set forth on the Employees Schedule, none of the Corporation, its Subsidiaries, or to the Knowledge of the
Corporation, any of their respective executives, key employees, consultants or independent contractors (each, a “Key Employee” and, collectively, the “Key Employees”) is subject to any currently effective
noncompete, nondisclosure, confidentiality, employment, consulting or similar agreement in conflict with the present or proposed business activities of the Corporation or any of its Subsidiaries or such Person’s duties to the Corporation or any
of its Subsidiaries, except for agreements between the Corporation or any of its Subsidiaries and their respective present and former employees. To the Corporation’s Knowledge, except as set forth on the Employees Schedule, no Key
Employee and no group of employees of the Corporation or any of its Subsidiaries has any plans to terminate employment with the Corporation or any of its Subsidiaries or to cease providing services to the Corporation or any of its Subsidiaries.
Neither the Corporation nor any of its Subsidiaries has any labor relations or similar problems. 
 (b) The Corporation and each
of its Subsidiaries have complied with all Laws relating to the employment of labor (including provisions thereof relating to wages, hours, equal opportunity, collective bargaining and the payment of social security and other taxes) and have
complied with all Laws related to the licensing of employees under its applicable Licenses. 
 (c) The Employees Schedule
lists all officers, members of the board of directors, honorary directors and trustees of each of the Corporation and its Subsidiaries. 
 (d) Neither the Corporation nor any of its Subsidiaries has implemented any layoff of employees that could implicate the WARN Act. 
 6.20 ERISA. The Employee Benefits Schedule sets forth a complete and correct list of all “employee benefit plans” (as such term is defined in Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”)) and all other employee benefit plans, programs or arrangements of any kind that are maintained, sponsored or contributed to or required to be contributed to by the
Corporation or any of its Subsidiaries, or with respect to which the Corporation or any such Subsidiary has any liability or potential liability (each an “Employee Benefit Plan”). The Corporation has provided to the Purchasers’
counsel complete and correct copies of the plan documents and summary plan descriptions, the most recent determination letter received from the Internal Revenue Service, the most recent annual report (Form 5500, with all applicable attachments), and
all related trust agreements, insurance contracts and other funding arrangements that implement each Employee Benefit Plan. Each Employee Benefit Plan (and each related trust, insurance contract or fund) has been maintained, funded and administered
in accordance in all material respects with its terms and complies in 

  
 16 

 
form and in operation with all applicable requirements of ERISA, the Code and other applicable Laws. Except as set forth on the Employee Benefits Schedule, with respect to each Employee
Benefit Plan, all premiums, contributions or other payments (including all employer contributions and employee salary reduction contributions) that are due have been made on a timely basis and all premiums, contributions and other payments for any
period ending on or before the Closing that are not yet due have been made or properly accrued. Each Employee Benefit Plan that is intended to meet the requirements of a “qualified plan” under Code Section 401(a) has received a
determination from the Internal Revenue Service that such Employee Benefit Plan is so qualified, and nothing has occurred since the date of such determination that could adversely affect the qualification of such Employee Benefit Plan. Neither the
Corporation nor any entity that is treated as a single employer with the Corporation for purposes of Code Section 414 (an “ERISA Affiliate”) maintains, sponsors, contributes to, has any obligation to contribute to, or has any
liability or potential liability under or with respect to (i) any “defined benefit plan” as defined in Section 3(35) of ERISA, (ii) any “multiemployer plan” as defined in Section 3(37) of ERISA or
(iii) any benefit plan, program or arrangement that provides for post-retirement or post-termination medical, life insurance or other welfare-type benefits (other than health continuation coverage required by COBRA). The Corporation and each of
its ERISA Affiliates has complied with the requirements of COBRA. No unfunded liability exists with respect to any Employee Benefit Plan. There do not exist any pending or, to the Corporation’s Knowledge, threatened claims (other than routine
undisputed claims for benefits), suits, actions, disputes, audits or investigations with respect to any Employee Benefit Plan. The consummation of the transactions contemplated by this Agreement will not accelerate the time of the payment or vesting
of, or increase the amount of, or result in the forfeiture of compensation or benefits under any Employee Benefit Plan. 
 6.21
Compliance with Laws. Except as set forth on the Compliance Schedule, each of the Corporation, its Subsidiaries and, to the Knowledge of the Corporation, their respective officers, directors, managers, agents and employees has complied
in all material respects with all Laws which are applicable to the Corporation and its Subsidiaries or their business or business practices (including all applicable Laws relating to bank holding companies, banks, the employment of personnel and
labor, including provisions thereof relating to wages, hours, equal opportunity, collective bargaining and the payment of social security and other Taxes, the Worker Adjustment and Retraining Notification Act, the (“WARN Act”) and
the Immigration Reform and Control Act of 1986) or any owned, licensed or leased properties of the Corporation and its Subsidiaries, and no claims have been filed against the Corporation or any Subsidiary alleging a violation of any such Laws, and
neither the Corporation nor any Subsidiary has received notice of any such violations. The Compliance Schedule sets forth the residency of each of the directors of the Bank, and, except as set forth on the Compliance Schedule, each of
the directors of the Bank, and the entire board of directors of the Bank, meets the qualification requirements set forth in any applicable Law, if any. 
 6.22 Affiliated Transactions; Insider Loans. 
 (a) Except as set forth on
the Affiliated Transactions Schedule, no officer, director, employee, member, partner or Affiliate of the Corporation or any of its Subsidiaries or, to the Corporation’s Knowledge, any individual related by blood, marriage or adoption to
any such individual or any entity in which any such Person or individual owns more than a 5% 

  
 17 

 
beneficial interest, is a party to any agreement, contract, commitment or transaction with the Corporation or any of its Subsidiaries, or has any interest in any property used by the Corporation
or any of its Subsidiaries (including any Intellectual Property Rights). 
 (b) Except as set forth on the Insider Loans
Schedule, no officer or director of the Corporation or the Bank, or any member of the Family of any such Person, and no entity that any such Person “controls” within the meaning of Regulation O of the Federal Reserve, has received any
loan from the Bank (each, an “Insider Loan”). Each outstanding Insider Loan was made by the Bank in the ordinary course of business and on substantially the same terms as those prevailing at the time for comparable transactions with
third parties and were approved by the Bank’s board of directors in accordance with applicable laws and regulations. 

6.23 Intellectual Property Rights. 
 (a) The Intellectual Property Schedule contains (i) a list and description of all (A) patented or registered Intellectual Property Rights owned by or held for the use of the Corporation
or any of its Subsidiaries, (B) pending patent applications and applications for other registrations of Intellectual Property Rights filed by or on behalf of the Corporation or any of its Subsidiaries and (C) material unregistered
Intellectual Property Rights owned or held for use by the Corporation or any of its Subsidiaries, and (ii) a complete and accurate list of contracts or agreements in which all licenses and other rights have been granted by the Corporation or
any of its Subsidiaries to any third party with respect to any Intellectual Property Rights and all contracts or agreements in which licenses and other rights have been granted by any third party to the Corporation or any of its Subsidiaries with
respect to any Intellectual Property Rights (except any licenses granted to the Corporation of commercial off-the-shelf software that has not been customized for the Corporation or such Subsidiary in any significant manner or that has an aggregate
value of less than $100,000), in each case identifying the subject Intellectual Property Rights. 
 (b) The Corporation and its
Subsidiaries own and possess all right, title and interest in and to all of the Intellectual Property set forth on the Intellectual Property Schedule and own and possess all right, title and interest in and to, or have valid and enforceable,
unexpired written licenses to use pursuant to a written license agreement set forth on the Intellectual Property Schedule, all other Intellectual Property Rights necessary for the operation of their respective businesses as presently
conducted and as presently proposed to be conducted, free of any Liens, except for any failure of ownership or possession as will not have a Material Adverse Effect. 
 (c) Except as set forth on the Intellectual Property Schedule, (i) there have been no claims made against the Corporation or any Subsidiary asserting the invalidity, misuse or unenforceability
or that question the ownership of any of the Intellectual Property Rights owned or used by the Corporation or any of its Subsidiaries, (ii) neither the Corporation nor any of its Subsidiaries has received any notice of any infringement,
misappropriation or other conflict by any third party with respect to any Intellectual Property Rights (including any demand or request that the Corporation or any of its Subsidiaries license any rights from a third party), (iii) neither the
conduct of the Corporation’s business nor the conduct of any of its Subsidiaries’ businesses has infringed upon, misappropriated or otherwise conflicted with and the conduct of 

  
 18 

 
such businesses will not (when conducted in substantially the same manner as currently conducted) infringe, misappropriate or otherwise conflict with any Intellectual Property Rights of other
Persons and the Corporation has no Knowledge of any facts that may indicate a likelihood of infringement, misappropriation of or other conflict with any such Intellectual Property Rights, and (iv) to the Corporation’s Knowledge, none of
the Intellectual Property Rights owned by or licensed to the Corporation or any of its Subsidiaries have been infringed, misappropriated or otherwise conflicted by other Persons. The transactions contemplated by this Agreement will have no Material
Adverse Effect on the Corporation’s or any of its Subsidiaries’ right, title or interest in and to the Intellectual Property Rights listed or required to be listed on the Intellectual Property Schedule and all of such Intellectual
Property Rights shall be owned or available for use by the Corporation or any of its Subsidiaries on substantially identical terms and conditions immediately after the Closing. 

6.24 Litigation, Etc. Except as set forth on the Litigation Schedule, there are no (and there have not been any) actions,
suits, proceedings (including administrative, self-regulatory organization or arbitration proceedings), orders, investigations or claims pending or, to the Corporation’s Knowledge, threatened against or affecting the Corporation or any of its
Subsidiaries (or pending or, to the Corporation’s Knowledge, threatened against any of the directors, officers, members, partners or managers of the Corporation or any of its Subsidiaries with respect to their business activities on behalf of
the Corporation or any of its Subsidiaries), or pending or threatened by the Corporation or any of its Subsidiaries against any Person, at law or in equity, before or by any Governmental Entity. Except for deductibles described in the Insurance
Schedule, the Corporation and each of its Subsidiaries is fully insured with respect to each of the matters set forth on the Litigation Schedule. Neither the Corporation nor any of its Subsidiaries is subject to any judgment, order or
decree of any court or other Governmental Entity. 
 6.25 Insurance. The Insurance Schedule contains a brief
description of each insurance policy maintained by the Corporation or any of its Subsidiaries with respect to the properties, assets and business, or directors, managers and officers of the Corporation or any of its Subsidiaries, and each such
policy is in full force and effect. Neither the Corporation nor any of its Subsidiaries has received notice of any breach or default with respect to any such policy. Except as set forth on the Insurance Schedule, neither the Corporation nor
any of its Subsidiaries has any self-insurance or co-insurance or retro-active premium programs. 
 6.26 Real Property.

 (a) The Real Property Schedule sets forth the address and description of each parcel of land, together with all
buildings, structures, improvements and fixtures located thereon, and all easements and other rights and interests appurtenant thereto, owned by the Corporation and its Subsidiaries, including all real property carried by the Bank as other real
estate owned (the “Owned Real Property”). Except as set forth on the Real Property Schedule, with respect to each parcel of Owned Real Property: (i) the Corporation or one of its Subsidiaries has good and marketable fee
simple title, free and clear of all Liens, except Permitted Encumbrances; (ii) neither the Corporation nor any of its Subsidiaries has leased or otherwise granted to any Person the right to use or occupy such Owned Real Property or any portion
thereof; and 

  
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 (iii) there are no outstanding options, rights of first offer or rights of first refusal to purchase
such Owned Real Property or any portion thereof or interest therein. 
 (b) The Real Property Schedule sets forth a list
of all of the leases, subleases and licenses (“Leases”) or other agreements for the use or occupancy of real property (the “Leased Real Property”) in which the Corporation or any of its Subsidiaries has a leasehold,
subleasehold or licensed interest. Except as set forth on the Real Property Schedule, with respect to each of the Leases: (i) the Lease is legal, valid, binding, enforceable and in full force and effect; (ii) the consummation of the
transactions contemplated hereunder will not result in a breach of or default under the Lease or otherwise cause the Lease to cease to be legal, valid, binding, enforceable and in full force and effect on identical terms following the Closing;
(iii) none of the Corporation, any of its Subsidiaries, or, to the Corporation’s Knowledge, any other party to the Lease is in breach or default under the Lease, and no event has occurred or circumstance exists which, with the delivery of
notice, passage of time or both, would constitute such a breach or default or permit the termination, modification or acceleration of rent under the Lease; (iv) no party to the Lease has repudiated any term thereof, and there are no disputes,
oral agreements or forbearance programs in effect with respect to the Lease; and (v) neither the Corporation nor any of its Subsidiaries have assigned, subleased, mortgaged, deeded in trust or otherwise transferred or encumbered the Lease or
any interest therein. 
 (c) Except for the Owned Real Property and the Leased Real Property (collectively, the “Real
Property”), there is no real property which is owned, leased or otherwise used in the Corporation’s or any of its Subsidiaries’ business. All buildings, structures, fixtures, building systems and equipment, and all components
thereof, included in the Real Property (the “Improvements”) are in good condition and repair (ordinary wear and tear excepted) and sufficient for the operation of the business of the Corporation and its Subsidiaries. There are no
facts or conditions affecting any of the Improvements that would, individually or in the aggregate, interfere with the use or occupancy of the Improvements or any portion thereof in the operation of the business of the Corporation and its
Subsidiaries as currently conducted thereon. The Real Property is adequate for the businesses of the Corporation and all of its Subsidiaries as presently conducted and as presently proposed to be conducted. 

(d) Except as set forth on the Real Property Schedule, neither the Corporation nor any of its Subsidiaries has any build-out
obligations in excess of $100,000 with regard to owned or leased real property. 
 6.27 Environmental Liability.
(i) There is no legal, administrative, or other proceeding, claim or action of any nature seeking to impose, or that would reasonably be expected to result in the imposition of, on the Corporation or any Subsidiary, any liability relating to
the release of hazardous substances as defined under any local, state or federal environmental statute, regulation or ordinance, including the Comprehensive Environmental Response Compensation and Liability Act of 1980, pending or, to the
Corporation’s Knowledge, threatened against the Corporation or any Subsidiary; (ii) to the Corporation’s Knowledge, there is no reasonable basis for any such proceeding, claim or action; and (iii) neither the Corporation nor any
Subsidiary is subject to any agreement, order, judgment or decree by or with any court, Governmental Entity or third party imposing any such environmental liability. 

  
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 6.28 Disclosure. To the Corporation’s Knowledge, none of this Agreement, any of
the Exhibits, Schedules or Annexes or any of the documents, certificates or other instruments to be delivered to either of the Purchasers by or on behalf of the Corporation or at the Closing, when taken together as a whole, contain any untrue
statement of a material fact or omit a material fact necessary to make each statement contained herein or therein, in light of the circumstances in which they were made, not materially misleading. 

6.29 Mortgage Banking Business. 
 (a) The Corporation and each Subsidiary has complied with, and all documentation in connection with the origination, processing, underwriting and credit approval of any mortgage loan originated, purchased
or serviced by the Corporation or any Subsidiary has satisfied, (i) all applicable federal, state and local laws, rules and regulations with respect to the origination, insuring, purchase, sale, pooling, servicing, subservicing or filing of
claims in connection with mortgage loans, including all laws relating to real estate settlement procedures, consumer credit protection, truth in lending laws, usury limitations, fair housing, transfers of servicing, collection practices, equal
credit opportunity and adjustable rate mortgages, (ii) the responsibilities and obligations relating to mortgage loans set forth in any agreement between the Corporation or any Subsidiary and any Agency, Loan Investor or Insurer, (iii) the
applicable rules, regulations, guidelines, handbooks and other requirements of any Agency, Loan Investor or Insurer and (iv) the terms and provisions of any mortgage or other collateral documents and other loan documents with respect to each
mortgage loan. 
 (b) Except as set forth on the Mortgage Banking Schedule, no Agency, Loan Investor or Insurer has
(i) claimed in writing that the Corporation or any Subsidiary has violated or has not complied with the applicable underwriting standards with respect to mortgage loans sold by the Corporation or any Subsidiary to a Loan Investor or Agency, or
with respect to any sale of mortgage servicing rights to a Loan Investor, (ii) imposed in writing restrictions on the activities (including commitment authority) of the Corporation or any Subsidiary or (iii) indicated in writing to the
Corporation or any Subsidiary that it has terminated or intends to terminate its relationship with the Corporation or any Subsidiary for poor performance, poor loan quality or concern with respect to the Corporation’s or any Subsidiary’s
compliance with laws. For purposes of this Section 6.29: “Agency” shall mean the Federal Housing Administration, the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, the Government
National Mortgage Association, or any other federal or state agency with authority to (x) determine any investment, origination, lending or servicing requirements with regard to mortgage loans originated, purchased or serviced by the
Corporation or any Subsidiary or (y) originate, purchase, or service mortgage loans, or otherwise promote mortgage lending, including state and local housing finance authorities; “Loan Investor” shall mean any Person (including
an Agency) having a beneficial interest in any mortgage loan originated, purchased or serviced by the Corporation or any Subsidiary or a security backed by or representing an interest in any such mortgage loan; and “Insurer” means a
person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Corporation or any Subsidiary, including the Federal
Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private 

  
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mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral. 

(c) There are no events or circumstances that may reasonably be expected to limit or restrict the sale of any mortgage loans held by the
Corporation or any Subsidiary of the Corporation as of the Closing Date at its book value as of the Closing Date, other than general market conditions and reunderwriting requirements in connection with any such sale. 

6.30 Loan Portfolio. 
 (a) The Corporation has provided the Purchasers with a true and complete list of (i) all past due, nonaccrual, and restructured loans of $100,000 or more made by the Corporation or any Subsidiary as
of March 31, 2012 and (ii) any loan that would be graded “substandard,” “doubtful” or “loss” in connection with a federal bank inspection or bank holding company inspection, and has duly reported all past due
loans, nonaccrual loans, and restructured loans on Schedule RC-N of form FFIEC 041, as of March 31, 2012. 
 (b) Neither the
Corporation nor any Subsidiary are under an order, directive, or request in any form from any federal or state banking agency to increase the provision to the allowance for loan and lease losses for any current reporting period or any other or
reporting period. 
 (c) The Bank has developed and implemented a loan review system that meets the applicable standards of the
FDIC and the Pennsylvania Department of Banking. 
 (d) The Loan Portfolio Schedule sets forth (x) each loan held by
the Corporation or any of its Subsidiaries that has been pledged or otherwise encumbered and (y) each of the parties to whom each such loan has been pledged or otherwise encumbered. Except as set forth on the Loan Portfolio Schedule,
none of the loans held by the Corporation or any of its Subsidiaries have been pledged or otherwise encumbered. 
 (e) Except as
set forth on the Loan Portfolio Schedule, each mortgage loan insured by the Federal Housing Administration has a valid and enforceable mortgage insurance certificate issued by the Federal Housing Administration, and all premiums due
thereunder have been paid. 
 6.31 Securities Portfolio. All securities held by the Corporation or any of its
Subsidiaries, as reflected in the consolidated balance sheets of the Corporation included in the Financial Statements, are carried in accordance with GAAP. Except for pledges to secure public and trust deposits and Federal Home Loan Bank of
Cleveland advances, none of the securities reflected in the Financial Statements as of March 31, 2012, and none of the securities since acquired by the Corporation or any of its Subsidiaries is subject to any restriction, whether contractual or
statutory, which impairs the ability of the Corporation or any of its Subsidiaries to freely dispose of such security at any time, other than those restrictions imposed on securities held to maturity under GAAP, pursuant to a clearing agreement or
in accordance with laws. Other than as set forth on the Securities Portfolio Schedule and to the extent not expressly set forth on the Corporation’s consolidated Financial Statements, none of the Corporation’s or any 

  
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of its Subsidiaries, investments (including any trust preferred investments) are impaired or are expected to be impaired in the next 120 days. 

6.32 Brokerage. Except as set forth on the Brokerage Schedule, there are no claims for brokerage commissions, finders’
fees or similar compensation in connection with the transactions contemplated by this Agreement based on any arrangement or agreement to which the Corporation is a party or is subject. 

6.33 Absence of Certain Developments. Except as expressly contemplated by this Agreement or as set forth and described on the
Developments Schedule, since December 31, 2011, neither the Corporation nor any of its Subsidiaries has: 
 (a)
executed any guaranty, issued any notes, bonds or other debt securities or any Equity Securities, borrowed any amount or otherwise incurred or created any Indebtedness, or subjected any portion of its properties or assets to any Lien or encumbrance,
other than in the ordinary course of business; 
 (b) declared, set aside or made any payment or distribution of cash or other
property to any of its holders of Equity Securities in the Corporation or such Subsidiary with respect to such Person’s Equity Securities or otherwise, or purchased, redeemed or otherwise acquired directly or indirectly any Equity Securities;

 (c) sold, assigned, transferred, leased, licensed or otherwise encumbered any of its material tangible assets or any
Intellectual Property Rights, or abandoned or permitted to lapse any Intellectual Property Rights or canceled without fair consideration any material debts or claims owing to or held by it; 

(d) terminated or amended any agreement which would be a Material Contract if it were in effect (ignoring, if applicable, any such
amendment) on the date of this Agreement; 
 (e) made, granted, promised or increased any bonus or any wage, salary, incentive
arrangements or other compensation to any employee or group of employees (except as required by pre-existing contracts described on the Contracts Schedule and, in the case of “rank-and-file” non-management employees, other than
salary or wage increases in the ordinary course of business), or made or granted any increase in any employee benefit plan or arrangement, or amended in any respect or terminated any existing employee benefit plan or arrangement or adopted any new
employee benefit plan or arrangement; 
 (f) directly or indirectly engaged in any transaction, arrangement or contract with any
officer, manager, member or other insider or Affiliate of the Corporation or any Subsidiary, except in the ordinary course of business as described on the Affiliated Transactions Schedule; 

(g) made any loans, including Insider Loans, or advances to or guarantees for the benefit of any Person, other than in the ordinary course
of business; 
 (h) made any Investments in any Person (including the incorporation, formation or organization of any
Subsidiary), other than in the ordinary course of business; 

  
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 (i) suffered any damage, destruction or casualty loss exceeding in the aggregate $100,000,
whether or not covered by insurance; 
 (j) incurred intercompany charges or conducted its cash management customs and practices
other than in the ordinary course of business (including with respect to maintenance of working capital balances, collection of accounts receivable and payment of accounts payable); 

(k) entered into any Material Contract or any material transaction other than in the ordinary course of business or materially changed any
of its business practices; 
 (l) made any material change in any policies and practices with respect to liquidity management and
cash flow planning, marketing, deposit origination, lending, budgeting, profit and tax planning, accounting or any other material aspect of its business or operations, except for such changes as may have been required by any Governmental Entities;

 (m) purchased or acquired any investments, direct or indirect, in any derivative securities, financial futures or commodities
or entered into any interest rate swap, floors and option agreements, or other similar interest rate management agreements other than in the ordinary course of business consistent with past practices; 

(n) changed an annual accounting period, adopted or changed any accounting method or principle theretofore adopted or followed, except as
required by GAAP and reflected in a note to the Financial Statements, or reversed any accounting accruals or reserves; or 
 (o)
agreed, whether orally or in writing, to do any of the foregoing. 
 6.34 Fiduciary Accounts. The Corporation and each of
its Subsidiaries has properly administered all accounts for which it acts as fiduciary, including accounts for which it serves as trustee, agent, custodian or investment advisor, in accordance with the material terms of the governing documents and
applicable Laws. None of the Corporation, its Subsidiaries or any of their respective directors, officers or employees, has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account
are true and correct and accurately reflect the assets of such fiduciary account. 
 6.35 Compliance with Servicing
Obligations. The Corporation and its Subsidiaries are in compliance with all contract, agency and investor requirements and guidelines, and all applicable Laws, relating to the servicing and administration of loans by them, or any of them,
including properly and timely making interest rate adjustments to adjustable rate loans. 
 6.36 TARP Capital Purchase
Program. Neither the Corporation nor any of its Subsidiaries is in default under or in breach of, or in receipt of any written claim of such default or breach, under the agreements and related documents governing the terms of the investment in
the Corporation by the United States Department of the Treasury (the “Treasury”) under the Troubled Asset Relief Program Capital Purchase Program (the “CPP”). No event has occurred which with the passage of time or
the giving of notice or both would result in a default, breach or event of noncompliance, in each such case, by the Corporation or the Bank under any such agreement or document. Neither the Corporation nor the Bank has any present expectation or

  
 24 

 
intention of not fully performing on a timely basis all such obligations required to be performed by the Corporation or the Bank, as applicable, under such agreements and documents. The
Corporation or the Bank, as applicable, has declared and paid all dividend payments required to paid to the Treasury with respect to its investment under the CPP, and neither the Corporation nor the Bank has elected to defer any required dividend
payments. The Corporation and the Bank are in compliance with the executive compensation rules set forth in the Emergency Economic Stabilization Act of 2008, as amended by the American Recovery and Reinvestment Act of 2009. 

6.37 Extension of De Novo Period of the Bank. Except as set forth on the Extension of De Novo Period Schedule, neither the
Corporation nor any Subsidiary has been advised by, or received any notice from, any Governmental Entity that it is considering extending the de novo period for the Bank with respect to examinations, capital, and other regulatory requirements.

 ARTICLE 7 
 REPRESENTATIONS AND WARRANTIES OF EACH PURCHASER 
 As a material inducement to the
Corporation to enter into this Agreement and consummate the transactions contemplated hereby, each Purchaser hereby represents and warrants to the Corporation as follows: 
 7.1 Organization, Power and Authority. Such Purchaser is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. Such Purchaser possesses all
requisite power and authority necessary to enter into and carry out the transactions contemplated by this Agreement. 
 7.2
Authorization. The execution, delivery and performance of this Agreement and all of the other agreements contemplated hereby to which such Purchaser is a party and the purchase of the Series C Preferred by such Purchaser have been duly
authorized by such Purchaser. This Agreement and all other agreements contemplated hereby to which such Purchaser is a party has been duly executed and constitutes a valid and binding obligation of such Purchaser, enforceable in accordance with its
terms. 
 7.3 Noncontravention. The execution and delivery by such Purchaser of this Agreement and all other agreements
contemplated hereby to which such Purchaser is a party, the purchase of the Series C Preferred hereunder, and the fulfillment of and compliance with the respective terms hereof and thereof by such Purchaser, do not and shall not
(a) conflict with or result in a breach or violation of, (b) constitute a default under (whether with or without the passage of time, the giving of notice or both), (c) give any third party the right to modify, terminate or
accelerate, or cause any modification, termination or acceleration of, any obligation under, (d) create any right to payment or any other right (concurrently or with the passage of time and/or upon the occurrence of one or more events or
conditions), or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any third party or any Governmental Entity pursuant to, such Purchaser’s Governing Documents, or
any Law to which such Purchaser is subject, or any order, judgment or decree or any agreement or instrument to which such Purchaser is a party or is otherwise subject. 

  
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 7.4 Investment Representations and Warranties. Such Purchaser is acquiring the
Series C Preferred purchased hereunder for its own account with the present intention of holding such securities for purposes of investment, and such Purchaser has no intention of selling such securities in a public distribution in violation of
the federal securities laws or any applicable state securities laws; provided that nothing contained herein shall prevent any Purchaser and subsequent holders of Series C Preferred from transferring such securities in compliance with the
provisions of the Restated Articles of Incorporation, the Certificate of Designation and applicable securities laws. By executing this Agreement, the Purchasers further represent that they do not presently have any contract, undertaking, agreement
or arrangement with any person to sell, transfer or grant participations to any third person, with respect to the Series C Preferred. Such Purchaser acknowledges and understands that the Series C Preferred are characterized as “restricted
securities” under the federal securities laws inasmuch as they are being acquired from the Corporation in a transaction not involving a public offering, and such securities may be resold without registration under the Securities Act only in
certain limited circumstances. 
 7.5 Litigation, Etc. There are no actions, suits, proceedings, orders, investigations
or claims pending or, to such Purchaser’s knowledge, threatened against or affecting such Purchaser, in which it is sought to restrain or prohibit or to obtain damages or other relief in connection with the transactions contemplated hereby.

 7.6 Availability. The Purchasers have, or will have as of Closing, sufficient cash available to consummate the
transactions contemplated in this Agreement, including, without limitation, the acquisition of the Series C Preferred. 
 ARTICLE
8 
 MISCELLANEOUS 
 8.1 Fees and Expenses. Each Party shall pay its own expenses incurred in connection with this Agreement and the transactions contemplated hereby; provided, however, that (i) if
this Agreement is terminated pursuant to Section 4.5 hereof for any reason other than (A) a termination by the Corporation as a result of a material breach on the part of Purchasers of the Purchasers’ representations,
warranties or covenants set forth in this Agreement in compliance with Section 4.5(b) or (B) a termination resulting from the failure of the condition provided for in Section 13 of the Purchaser Closing Deliveries Annex, then
upon such termination of this Agreement or (ii) if the Closing occurs, then upon such Closing, the Corporation shall pay (or reimburse the applicable Persons hereunder for) the fees and expenses (including fees and expenses of legal counsel,
accountants, consultants and other representatives) incurred by the Purchasers in connection with (a) this Agreement and the consummation of the transactions contemplated hereby; or (b) any amendments or waivers (whether or not they become
effective) under or in respect of the Governing Documents, this Agreement or any agreement or instrument contemplated hereby; provided, however, the amount to be paid or reimbursed pursuant to subsections (a) and (b) above
shall not exceed $500,000 in the aggregate (the “Expense Reimbursement”). For the avoidance of doubt, the Expense Reimbursement by the Corporation pursuant to this Section 8.1 shall not (x) be the exclusive right of
a Purchaser to advancement of expenses under the Governing Documents or otherwise or (y) limit the Purchasers’ reimbursement of fees and expenses by the Corporation pursuant to any other agreement. Notwithstanding the foregoing, in the
event of litigation relating to this Agreement, if a court of 

  
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competent jurisdiction determines in a final, nonappealable order that any Party has breached this Agreement, then such Party shall be liable and pay to the nonbreaching Parties the reasonable
legal fees such nonbreaching Parties have incurred in connection with such litigation, including any appeal therefrom. 
 8.2
Absence of Control. Subject to any specific provisions of this Agreement, it is the intent of the Parties to this Agreement that neither Purchaser, the Corporation nor the Bank by reason of this Agreement shall be deemed to control, directly
or indirectly, any other Party or the Bank and shall not exercise, or be deemed to exercise, directly or indirectly, a controlling influence over the management or policies of any such other Party or the Bank. 

8.3 Voting. Notwithstanding anything to the contrary in this Agreement or any Transaction Document, the Purchaser together with
its Affiliates will not have the ability to exercise any voting rights of any Equity Securities in excess of the Ownership Cap. 

8.4 Additional Regulatory Matters. 
 (a) So long as the Purchasers own 5% or more of all of the outstanding shares of Collective Common Stock of the Corporation on an as-converted basis: 

(i) each of the Corporation and the Purchasers agrees to cooperate and use its reasonable best efforts to ensure,
including by communicating with each other with respect to their respective purchases of the Corporation’s Equity Securities, that neither of the Purchasers nor any of their Affiliates will become, or control, a “bank holding company”
within the meaning of the BHC Act and the CIBC Act; and 
 (ii) the Corporation shall not knowingly take any
action which would reasonably be expected to pose a substantial risk that the Purchasers or any of their Affiliates will become, or control, a “bank holding company” within the meaning of the BHC Act, including undertaking any redemption,
recapitalization or repurchase of Common Stock, of securities or rights, options, or warrants to purchase Common Stock, or securities of any type whatsoever that are, or may become, convertible into or exchangeable into or exercisable for Common
Stock in each case, where the Purchaser is not given the right to participate in such redemption, recapitalization, or repurchase to the extent of the Purchaser’s pro rata proportion; provided, however, that the Corporation shall
not be deemed to have violated this Section 8.4 if it has given the Purchasers the opportunity to participate in such redemption, recapitalization or repurchase to the extent of the Purchaser’s pro rata proportion and the Purchaser
fails to so participate. 
 (b) Notwithstanding anything in this Agreement, in no event will the Purchasers or any of their
Affiliates be obligated to: 
 (i) without limiting clause (b)(ii) below, (x) propose or accept
any divestiture of any of the Purchasers’ or any of their Affiliate’s assets, or (y) accept any operational restriction on the Purchasers’ or any of their Affiliate’s business, or agree to take any action that limits the
Purchasers’ or their Affiliate’s commercial practices in any way (except as they relate to the Corporation and its Subsidiaries) to obtain any consent, 

  
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acceptance or approval of any Governmental Entity to consummate the transactions contemplated hereby; or 
 (ii) propose or agree to accept any term or condition or otherwise modify the terms of this Agreement or any other Transaction Document, including, for the avoidance of doubt, the terms or the amount of
the Equity Securities to be delivered by the Corporation under this Agreement, to obtain any consent, acceptance, approval of any Governmental Entity to the consummation of the transactions contemplated by this Agreement and the other Transaction
Documents if such term, condition, modification or confirmation would (x) materially adversely affect (with respect to any Purchaser or its Affiliates) any material term of the transactions, or (y) adversely affect (with respect to any
Purchaser or its Affiliates) any material financial term of the transactions contemplated by this Agreement and the other Transaction Documents. 
 (c) Notwithstanding anything in this Section 8.4 to the contrary, nothing in this Agreement shall be construed to prohibit or restrict the Corporation from repurchasing any securities issued
by the Corporation to the United States Department of the Treasury. 
 8.5 Press Release and Announcements; Confidential
Information. 
 (a) Unless required by Law (in which case each Party agrees to the extent permitted by Law to consult with
the other Parties prior to any such disclosure as to the form and content of such disclosure), no press releases or other public releases of information related to this Agreement or the transactions contemplated hereby will be issued or released at
the time of or after the Closing without the consent of the Corporation and each Purchaser that is named in such press release or that has an Affiliate that is named in such press release; provided that any Party may issue or release any such
information which has previously been issued or released in accordance with the terms of this Section 8.5(a) or is otherwise generally available to the public other than as a result of a breach by such Party or any of its Affiliates of
the terms of this Section 8.5(a). The provisions of this Section 8.5(a) shall not be interpreted to prohibit the sharing by any Party of information related to this Agreement or the transactions contemplated hereby in the
ordinary course of business with such Party’s (or such Party’s Affiliate’s) advisors, employees, officers, directors, limited partners, equity owners and similar Persons related to such Party or such Affiliate so long as such Persons
are apprised of the confidential nature thereof, nor shall the provisions of this Section 8.5 prohibit the sharing by any Party of information related to this Agreement or the transactions contemplated hereby with the Federal Reserve and
the FDIC. 
 (b) Each Purchaser agrees that such Purchaser shall not disclose any Confidential Information received by such
Purchaser other than (w) pursuant to Section 8.5(a), (x) as required by Law (in which case such Purchaser, to the extent permitted by Law, shall consult with the Corporation prior to any such disclosure as to the form and
content of such disclosure), (y) to such Purchaser’s employees, directors, officers, agents and advisors (including attorneys, accountants, consultants, financing sources, bankers and financial advisors) who have a need to know such
Confidential Information or (z) as may be reasonably determined by such Purchaser to be necessary in connection with such Purchaser’s enforcement of its rights in connection with this Agreement, any other agreement between such Purchaser
and the Corporation or any of its Subsidiaries, or the transactions contemplated hereby and thereby or 

  
 28 

 
use any Confidential Information other than in connection with its investment in the Corporation. “Confidential Information” means any financial, marketing, organizational and
other information related to the Corporation and the Bank and includes written information and information transferred orally, visually, electronically or by any other means. Confidential Information does not include (i) any information which
either Purchaser can show was publicly available prior to such Purchaser’s receipt from the Corporation or the Bank or that was thereafter made public other than as a result of disclosure by such Purchaser or its representatives, (ii) any
information that was already in the possession of such Purchaser, provided that such information was not provided pursuant to the Confidentiality Agreement and is not known to such Purchaser to be subject to another confidentiality agreement,
(iii) any information is or becomes available to either Purchaser on a non-confidential basis from a source other than the Corporation or the Bank, provided that such source is not known by such Purchaser to be bound by another confidentiality
agreement with the Corporation or the Bank or (iv) any information that is independently developed by either Purchaser without violating such Purchaser’s obligations pursuant to this Section 8.5(b). 

8.6 Survival of Representations and Warranties; Indemnification. All representations and warranties contained herein or made in
writing by any Party in connection herewith shall survive the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby (regardless of any investigation made by any Party or on its behalf) as follows:
(a) the representations and warranties in Section 6.1 (Organization), Section 6.2 (Equity Securities and Related Matters), Section 6.3 (Subsidiaries; Investments) Section 6.4 (Authorization),
Section 6.5 (No Contravention), Section 6.10 (Governmental and Regulatory Proceedings), Section 6.11 (Agreements and Regulatory Agencies), Section 6.13 (No Restrictions), Section 6.32
(Brokerage), Section 7.1 (Organization, Power and Authority) and Section 7.2 (Authorization) shall not terminate; (b) the representations and warranties contained in Section 6.17 (Tax Matters) and
Section 6.20 (ERISA) shall terminate after the expiration of the applicable statutes of limitations with respect to the liabilities in question (after giving effect to any extensions or waivers thereof), plus thirty (30) days (the
representations and warranties described in clauses (a) and (b) of this Section 8.6 collectively, the “Fundamental Representations and Warranties”); and (c) all other representations and
warranties contained herein shall survive until the (30) days after the delivery to Purchasers of the audited financials for fiscal year 2013; provided that any representation or warranty in respect of which indemnity may be sought under
this Section 8.6 and the indemnity with respect thereto shall survive the time at which it would otherwise terminate pursuant to the foregoing if notice of the inaccuracy or breach or potential inaccuracy or breach thereof giving rise to
such right or alleged right of indemnity shall have been given to the Corporation prior to such time. In consideration of the Purchasers’ execution and delivery of this Agreement and purchase of the Series C Preferred, the Corporation
shall indemnify, pay and defend the Indemnitees and hold each of them harmless against and pay on behalf of or reimburse such Indemnitees for any Losses which any such Indemnitee may suffer, sustain or become subject to as a result of or arising out
of (x) any breach by the Corporation or any Subsidiary of any of their respective covenants or agreements contained in this Agreement or any of the Schedules or Exhibits hereto, and (y) any breach by the Corporation or any Subsidiary of
any of their representations or warranties contained in this Agreement or any of the Schedules or Exhibits hereto; provided that, other than with respect to any breach of the representations and warranties contained in Sections 6.1,
6.2, 6.3, and 6.4, (i) the Indemnitees shall not be entitled to an indemnity from the Corporation pursuant to this  

  
 29 

 
clause (y) until the aggregate amount of Losses hereunder exceeds $500,000 in the aggregate (the “Deductible Amount”), in which case the Indemnitees shall be entitled
to indemnification for Losses hereunder from the first dollar, and (ii) the Indemnitees shall not be entitled to indemnification for Losses pursuant to this clause (y) in the aggregate in excess of $30,000,000 (the
“Cap”), which Cap will be the maximum aggregate liability of the Corporation for all Losses incurred by the Purchasers and any other Persons arising pursuant to or in connection with this Agreement. For the avoidance of doubt, the
Parties acknowledge and agree that the Deductible Amount and the Cap shall not apply to (i) the Corporation’s indemnification obligation for breaches of any of the representations and warranties contained in Sections 6.1,
6.2, 6.3, and 6.4 or to any breach of any covenants, and (ii) any Party’s rights to maintain or recover any amounts in connection with any action or claim based upon fraud or intentional misrepresentation. In the event
that the Purchasers make an indemnification claim pursuant to this Section 8.6, the Purchasers shall be deemed to have suffered Losses with respect to such claim pro-rata based on the number of Series C Preferred shares held by each
Purchaser on the date such Losses were incurred and any amounts payable by any Party with respect thereto shall be paid to each Purchaser on such pro-rata basis. 
 8.7 Indemnification Procedure. 
 (a) If any Losses for which indemnification
is provided under Section 8.6 relate to a claim, demand, action, suit, countersuit, litigation, dispute, order, writ, injunction, judgment, assessment, decree, grievance, investigation or other proceeding by a third-party (a
“Third-Party Claim”), the Indemnitee will give written notice of such Third-Party Claim (including a reasonable description thereof) to the party required to provide indemnification (the “Indemnifying Party”) within
thirty (30) days of notification of the Third-Party Claim, provided that the Indemnitee’s right to indemnification will not be waived by any failure to provide notification within such ten (10) day period, unless such failure
materially prejudices the ability of the Indemnifying Party to defend the Third-Party Claim. The Indemnifying Party will have 15 days from the receipt of such notice (the “Indemnity Acknowledgement Period”) to (i) give written
notice to the Indemnitee of its intention to defend such Third-Party Claim on behalf of the Indemnitee, which notice will acknowledge the obligation of the Indemnifying Party to indemnify the Indemnitee against, and be fully responsible (with no
reservation of any rights) for, all liabilities and obligations relating to such Third-Party Claim (subject to the Cap where applicable), and (ii) enter into an agreement with the Indemnitee in form and substance satisfactory to the Indemnitee
which agreement unconditionally guarantees the payment and performance of any liability or Loss which may arise with respect to such Third-Party Claim. 
 (b) If notice to defend and the required acknowledgement and agreement are given by the Indemnifying Party within the Indemnity Acknowledgement Period, the Indemnifying Party will have the right to
compromise or defend any such Third-Party Claim through counsel of its own choosing (provided that such counsel is reasonably satisfactory to the Indemnitee) and at its own expense; provided, however, that the Indemnifying Party will
not agree to any settlement or remedy (i) that involves any remedy other than a pure monetary resolution, including, without limitation, injunctive relief against the Indemnitee or requires the Indemnitee to enter into a consent decree or
(ii) requires the Indemnitee to confess to any wrongdoing, unless the Indemnitee consents in writing to such settlement or remedy. If the Indemnifying Party undertakes to defend any such Third-Party Claim, the Indemnifying Party 

  
 30 

 
will promptly provide the Indemnitee with copies of all pleadings and filings pertinent to the Third-Party Claim. The Indemnitee shall have the right to participate in the defense of any Third
Party Claim with counsel selected by it subject to the Indemnifying Party’s right to control the defense thereof. The fees and disbursements of such counsel shall be at the expense of the Indemnitee; provided, that if in
the reasonable opinion of counsel to the Indemnitee, (x) there are legal defenses available to an Indemnitee that are different from or additional to those available to the Indemnifying Party; or (y) there exists a conflict of interest
between the Indemnifying Party and the Indemnitee that cannot be waived, the Indemnifying Party shall be liable for the reasonable fees and expenses of counsel to the Indemnitee in each jurisdiction for which the Indemnitee determines counsel is
required. 
 (c) If the Indemnifying Party fails to give written notice to the Indemnitee within the Indemnity Acknowledgement
Period of the Indemnifying Party’s intention to defend such Third-Party Claim at its own expense and acknowledging its obligation to indemnify the Indemnitee against such claim or fails to defend diligently and continuously a Third-Party Claim
against the Indemnitee, the Indemnitee will have the right to compromise or defend such Third-Party Claim through counsel of its own choosing, but for the account and at the expense of the Indemnifying Party. 

8.8 Further Assurances. In case at any time after the Closing any further action is necessary or desirable to carry out the
purposes of this Agreement or to consummate the transactions contemplated hereby, each of the Parties will take such further action (including the execution and delivery of such further instruments and documents) as any other Party may reasonably
request, all at the sole cost and expense of the requesting Party. 
 8.9 Remedies. The Corporation acknowledges and
agrees that the Purchasers would be damaged irreparably in the event any of the provisions of Article 1 of this Agreement are not performed by the Corporation in accordance with their specific terms or otherwise are breached and money damages would
not be an adequate remedy, so long as the conditions of Article 3 and the Corporation Conditions Annex have been fulfilled by the Purchasers or waived by the Corporation. Accordingly, if the conditions of Article 3 and the Corporations Conditions
Annex have been fulfilled by the Purchaser or waived by the Corporation, in addition to the other remedies available to the Purchasers, the Corporation agrees that each Purchaser shall be entitled to an injunction or injunctions to prevent breaches
of the provisions of Article 1 of this Agreement and to enforce specifically this Agreement, and the terms and provisions hereof (without the posting of bond or other security) in any action instituted in any court of the United States or any
state thereof having jurisdiction over the Parties and the matter. 
 8.10 Amendments and Waivers. This Agreement may be
amended, or any provision of this Agreement may be waived; provided that any such amendment or waiver shall be binding upon (a) the Corporation only if set forth in a writing executed by the Corporation, (b) upon a Purchaser only if
set forth in a writing executed by such Purchaser, in each case referring specifically to the provision alleged to have been amended or waived. No course of dealing between or among the Parties shall be deemed effective to modify, amend or discharge
any part of this Agreement or any rights or obligations of any Party under or by reason of this Agreement. 

  
 31 

 8.11 Successors and Assigns; No Third-Party Beneficiaries. This Agreement and all of
the covenants and agreements contained herein and all of the rights, interests and obligations hereunder, by or on behalf of any of the Parties hereto, shall bind and inure to the benefit of the respective successors and assigns of the Parties
hereto whether so expressed or not, except that neither this Agreement nor any of the covenants and agreements herein or rights, interests or obligations hereunder may be assigned or delegated by the Corporation without the prior written consent of
each Purchaser. This Agreement is for the sole benefit of the Parties, their permitted successors and assigns and nothing herein expressed or implied shall give or be construed to give any Person, other than the Parties and such permitted successors
and assigns, any legal or equitable rights hereunder. 
 8.12 Severability. Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement or the application of any such provision to any Person or circumstance shall be held to be prohibited by, illegal
or unenforceable under applicable law in any respect by a court of competent jurisdiction, such provision shall be ineffective only to the extent of such prohibition or illegality or unenforceability, without invalidating the remainder of such
provision or the remaining provisions of this Agreement. 
 8.13 Counterparts. This Agreement may be executed
simultaneously in counterparts (including by means of telecopied, facsimile or portable document format (pdf) signature pages), any one of which need not contain the signatures of more than one Party, but all such counterparts taken together shall
constitute one and the same Agreement. 
 8.14 Defined Terms; Descriptive Headings; Interpretation. The headings and
captions used in this Agreement and the table of contents to this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Unless otherwise defined herein or therein, capitalized
terms used in this Agreement, or the Exhibits, Schedules or Annexes hereto, shall have meanings set forth on the Definitions Annex. The use of the phrase “ordinary course of business” shall mean “ordinary course of business
consistent with past practice, including with respect to frequency and quantity.” The use of the word “including” herein shall mean “including without limitation.” The use of the word “knowledge” herein shall mean
“knowledge after reasonable inquiry.” The Parties intend that each representation, warranty and covenant contained herein shall have independent significance. If any Party has breached any representation, warranty or covenant contained
herein in any respect, the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which the Party has not breached shall not detract from or mitigate
the fact that the Party is in breach of the first representation, warranty or covenant. 
 8.15 Entire Agreement. This
Agreement, the Transaction Documents and the agreements and documents referred to herein contain the entire agreement and understanding between the Parties with respect to the subject matter hereof and supersede all prior agreements and
understandings, whether written or oral, relating to such subject matter in any way. Effective as of the Closing, the Confidentiality Agreement shall terminate and be of no further force or effect. 

  
 32 

 8.16 Schedules. Any information disclosed under any Schedule shall be deemed to be
disclosed and incorporated into any other Schedule under this Agreement where such disclosure would be appropriate to the extent that the information disclosed in one Schedule is reasonably apparent on its face that it is applicable to such other
Schedule. Any fact or item disclosed in any Schedule will not by reason only of such inclusion be deemed to be material and will not be employed as a point of reference in determining any standard of materiality under this Agreement. Information
contained in a Schedule is Confidential Information for purposes hereof. 
 8.17 Governing Law. All issues and questions
concerning the construction, validity, enforcement and interpretation of this Agreement (including any tort and non-contractual claims) shall be governed by, and construed in accordance with, the laws of the Commonwealth of Pennsylvania without
giving effect to any choice of law or conflict of law rules or provisions (whether of the Commonwealth of Pennsylvania or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the Commonwealth of
Pennsylvania. 
 8.18 Notices. All notices, demands or other communications to be given or delivered under or by reason
of the provisions of this Agreement shall be in writing and shall be deemed to have been given when delivered personally to the recipient, or one business day after being sent to the recipient by reputable overnight courier service (charges prepaid)
provided that confirmation of delivery is received, or upon machine-generated acknowledgment of receipt after transmittal by facsimile or electronic mail (provided that a confirmation copy is sent via reputable overnight courier service for delivery
within two business days thereafter). Such notices, demands and other communications shall be sent to the Purchasers and the Corporation at the addresses indicated below or to such other address or to the attention of such other Person as the
recipient party has specified by prior written notice to the sending party. 
  

			
		
	 The Corporation:
	  	with a copy (which shall not constitute notice) to:
		
	 TriState Capital Holdings, Inc.

One Oxford Centre

301 Grant Street, Suite 2700

Pittsburgh, PA 15222

Attention: James F. Getz

Fax: (412) 304-0331
	  	 Keevican Weiss Bauerle & Hirsch LLC
 1001 Liberty Avenue
 11th Floor, Federated Investors Tower
 Pittsburgh, PA 15222
 Attention: Leo Keevican, Esq.

Fax: (412) 355-2609

		
	 Purchasers:
	  	with a copy (which shall not constitute notice) to:
		
	 Lovell Minnick Partners LLC

150 N. Radnor Chester Road, Suite A200

Radnor, PA 19807
 Attention: General Counsel
 Fax:
(610) 995-9680
	  	 Davis Graham & Stubbs LLP

1550 17th Street, Suite 500
 Denver, CO 80122
 Attention: Jeffrey R. Brandel, Esq.
 Fax: (303) 893-1379

 8.19 Construction. The Parties have participated jointly in the negotiation and drafting of this
Agreement. In the event an ambiguity or question of intent or interpretation arises, this 

  
 33 

 
Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the
provisions of this Agreement. 
 8.20 Consent to Jurisdiction. EXCEPT AS OTHERWISE PROVIDED IN SECTION 8.9 HEREOF, THE
PARTIES AGREE THAT JURISDICTION AND VENUE IN ANY ACTION BROUGHT BY ANY PARTY PURSUANT TO THIS AGREEMENT SHALL PROPERLY (BUT NOT EXCLUSIVELY) LIE IN ANY FEDERAL OR STATE COURT LOCATED IN THE COMMONWEALTH OF PENNSYLVANIA. BY EXECUTION AND DELIVERY OF
THIS AGREEMENT, EACH PARTY IRREVOCABLY SUBMITS TO THE JURISDICTION OF SUCH COURTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY WITH RESPECT TO SUCH ACTION. THE PARTIES IRREVOCABLY AGREE THAT VENUE WOULD BE PROPER IN SUCH COURT, AND HEREBY WAIVE ANY
OBJECTION THAT SUCH COURT IS AN IMPROPER OR INCONVENIENT FORUM FOR THE RESOLUTION OF SUCH ACTION. THE PARTIES FURTHER AGREE THAT THE MAILING BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, OF ANY PROCESS REQUIRED BY ANY SUCH COURT SHALL
CONSTITUTE VALID AND LAWFUL SERVICE OF PROCESS AGAINST THEM, WITHOUT NECESSITY FOR SERVICE BY ANY OTHER MEANS PROVIDED BY STATUTE OR RULE OF COURT. 
 8.21 Waiver of Jury Trial. BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH
APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL
SYSTEM AND OF ARBITRATION, EACH PARTY TO THIS AGREEMENT HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE BETWEEN OR AMONG ANY OF THE PARTIES HERETO, WHETHER ARISING IN CONTRACT, TORT, OR
OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

*    *    *    *    * 

  
 34 

 The parties hereto have executed this Preferred Stock Purchase Agreement on the date first
written above. 
  

							
		 	LM III TRISTATE HOLDINGS LLC
			
		 	By:	 	LOVELL MINNICK EQUITY PARTNERS III
		 		 	LP, its managing member
				
		 		 	By:	 	Lovell Minnick Equity Advisors III LP, its general partner
				
		 		 	By:	 	Fund III UGP LLC, its general partner
				
		 		 	By:	 	Lovell Minnick Partners LLC, its managing member
			
		 	By:	 	 /s/ James E. Minnick

		 	Name:	 	James E. Minnick
		 	Title:	 	President and Managing Director
		
		 	LM III-A TRISTATE HOLDINGS LLC
			
		 	By:	 	LOVELL MINNICK EQUITY PARTNERS
		 		 	III-A LP, its managing member
				
		 		 	By:	 	Lovell Minnick Equity Advisors III LP, its general partner
				
		 		 	By:	 	Fund III UGP LLC, its general partner
				
		 		 	By:	 	Lovell Minnick Partners LLC, its managing member
			
		 	By:	 	 /s/ James E. Minnick

		 	Name:	 	James E. Minnick
		 	Title:	 	President and Managing Director
		
		 	TRISTATE CAPITAL HOLDINGS, INC.
			
		 	By:	 	 /s/ James F. Getz

		 	Name:	 	James F. Getz
		 	Title:	 	Chairman & CEO

 Signature Page to the Preferred Stock Purchase Agreement 

 PURCHASER CONDITIONS ANNEX 

 

	1.	Representations and Warranties. Each of the representations and warranties contained in Article 6 that are subject to materiality qualifications
shall be true and correct in all respects at and as of the Closing, except for representations and warranties that speak as of a specific date or time other than the Closing Date, which shall be true and correct in all respects as of such date and
time, and (ii) the representations and warranties contained in Article 6 hereof that are not subject to materiality qualifications shall be true and correct in all material respects at and as of the Closing, in each case as though
then made and as though the Closing Date was substituted for the date of this Agreement throughout such representations and warranties, except for representations and warranties that speak as of a specific date or time other than the Closing Date,
which shall be true and correct in all material respects as of such date and time. 

  

	2.	Compliance with Pre-Closing Covenants. The Corporation shall have performed all of the covenants and agreements required to be performed by it under this
Agreement and the other Transaction Documents prior to the Closing. 

  

	3.	Change in Laws. Prior to the Closing Date, there have been no Laws enacted, or changes to any existing Laws, in each case, which could reasonably be expected to
have an adverse effect upon the business, operations, assets, liabilities, condition (financial or otherwise), value, operating results or cash flow of the Corporation or any of its Subsidiaries, or could reasonably be expected to have an adverse
effect on either of the Purchasers or either Purchaser’s investment in the Corporation. 

  

	4.	Proceedings. No suit, action or other proceeding is pending or, to the Knowledge of the Corporation, threatened before any Governmental Entity in which it is
sought to restrain or prohibit the transactions contemplated hereby or that would adversely affect the right of the Purchasers to own the Series C Preferred or the operations or approvals of the Corporation or any of its Subsidiaries (other
than any such suit, action or proceeding brought by any of the Parties against any of the other Parties), and no injunction, judgment, order, decree or ruling with respect thereto is in effect. 

 

	5.	Material Adverse Effect. Since December 31, 2011, there has been no Material Adverse Effect. 

 

	6.	Full Force and Effect. Each of the agreements and documents to be delivered pursuant to this Agreement is in full force and effect as of the Closing and
no such agreement or document has been amended or modified. 

  

	7.	Registration Rights Agreement. The Corporation shall have duly executed and delivered the registration rights agreement in the form of Exhibit B (the
“Registration Rights Agreement”), and the Registration Rights Agreement shall be in full force and effect as of the Closing and shall not have been amended or modified. 

  
 Purchaser
Closing Deliveries Annex – Page 1 

	8.	Series C Preferred. The Corporation shall have delivered to each Purchaser or its custodian a certificate evidencing the shares of Series C Preferred
purchased by such Purchaser under this Agreement, free and clear of all Encumbrances. 

  

	9.	Amendment to Articles of Incorporation. The Corporation shall have duly adopted and submitted to the department of State of the Commonwealth of Pennsylvania an
amendment to the Corporation’s articles of incorporation in the form of Exhibit A-2. 

  

	10.	Certificate of Designation of the Corporation. The Corporation shall have duly adopted and submitted to the Department of State of the Commonwealth of
Pennsylvania the Certificate of Designation of Perpetual Convertible Preferred Stock, Series C of the Corporation in form of Exhibit A-1. 

  

	11.	Amended and Restated By-laws. The Corporation shall have duly adopted the Amended and Restated By-laws in the form of Exhibit C, which shall be in
full force and effect as of the Closing and shall not have been amended and modified. 

  

	12.	Amended and Restated By-laws of the Bank. The Corporation shall cause the Bank to duly adopt the Amended and Restated By-laws of the Bank in the form of
Exhibit D, which shall be in full force and effect as of the Closing and shall not have been amended and modified. 

  

	13.	Third-Party Consents and Approvals. The Corporation and its Subsidiaries shall have obtained all third-party consents and approvals (x) that are necessary
for the consummation of the transactions contemplated hereby and (y) that are required in order to prevent a breach of or default under, a termination or modification of, or acceleration of the terms of, any contract, agreement, instrument or
document identified with an asterisk (*) on the Contracts Schedule (collectively, the “Third-Party Approvals”), in each case on terms and conditions satisfactory to the Purchasers. 

 

	14.	Governmental Consents and Approvals. The Parties and each of the Corporation’s Subsidiaries shall have made all filings required to be made by them and have
obtained all Licenses and Governmental Approvals and other authorizations and consents required to be obtained under all applicable Laws to consummate the transactions contemplated by this Agreement in compliance with such Laws, in each case on
terms and conditions satisfactory to each Purchaser. The Purchasers shall have received written confirmation, satisfactory to the Purchasers in their reasonable good faith judgment, from the Board of Governors of the Federal Reserve, to the effect
that neither the Purchasers nor any of their Affiliates (which for purposes of this condition shall include all “affiliates” as defined in the BHC Act or Regulation Y of the Federal Reserve) shall be deemed to “control” the
Corporation or any Subsidiary for purposes of the BHC Act by reason of the consummation of the transactions contemplated by this Agreement and the other Transaction Documents. 

 

	15.	 No Burdensome Condition or Requirement. No condition or requirement that could reasonably be expected to be materially burdensome to the
Purchasers shall be applicable (as determined by the Purchasers in their reasonable good faith discretion) or shall have 

  
 Purchaser
Closing Deliveries Annex – Page 2 

	 	
been imposed on the Purchasers by the Federal Reserve, the FDIC, the Pennsylvania Department of Banking or any other state or federal banking regulatory authority in connection with such
regulatory authority’s approval of any transaction to be undertaken by the Corporation or otherwise in connection with the investment contemplated herein, as applicable, except for passivity or non-association commitments required by the
Federal Reserve that are routine and consistent with past transactions. 

  

	16.	Real Property Holding Corporation Affidavit. The Corporation shall deliver to the Purchasers an affidavit, signed under penalties of perjury, stating that the
Corporation is not and has not been a United States real property holding corporation, dated as of the Closing Date and in form and substance satisfactory to the Purchasers. 

 

	17.	Expenses. At the Closing, the Corporation shall have paid or reimbursed the Purchasers for the Expense Reimbursement by wire transfer or immediately available
funds to an account or accounts designated by the Purchasers. 

  

	18.	Closing Documents. At the Closing, the Corporation shall have delivered (or caused to be delivered) to the Purchasers all of the following documents:

  

	 	a.	Officer Certificate. A certificate from an officer of the Corporation, dated as of the Closing Date, stating that each of the conditions specified in this
Purchaser Conditions Annex have been satisfied. 

  

	 	b.	Legal Opinion. An opinion of legal counsel to the Corporation, dated as of the Closing Date, in the form attached hereto as Exhibit E.

  

	 	c.	Certificates of Good Standing. A good standing certificate of the Corporation and each of its Subsidiaries from its respective jurisdiction of organization and
each jurisdiction in which it is qualified to do business as a foreign entity, dated as of a recent date prior to the Closing Date. 

  

	 	d.	Governing Documents. Certified copies of the Governing Documents of the Corporation and each of its Subsidiaries in effect as of the Closing Date.

  

	 	e.	Board Resolutions. Certified copies of the resolutions duly adopted by the Board and the board of directors or similar governing body of each of its Subsidiaries
authorizing the execution, delivery and performance of this Agreement and each of the other agreements contemplated hereby (including the Transaction Documents to be executed or delivered by the Corporation or such Subsidiary, as applicable) and the
consummation of the transactions contemplated hereby (such Board Resolutions will, among other things, authorize the appointment to the Board of the Corporation and any Subsidiary of James E. Minnick. 

 

	 	f.	Shareholder and Board Resolutions of the Corporation. Certified copies of the shareholder resolutions of the Corporation and the Board approving and adopting the
amendment to the Articles of Incorporation. 

  
 Purchaser
Closing Deliveries Annex – Page 3 

	 	g.	Other Documents. Such other documents relating to the transactions contemplated by this Agreement as the Purchasers or its counsel may reasonably request.

  
 Purchaser
Closing Deliveries Annex – Page 4 

 CORPORATION CONDITIONS ANNEX 

 

	1.	Representations and Warranties. Each of the representations and warranties contained in Article 7 that are subject to materiality qualifications
shall be true and correct in all respects at and as of the Closing, except for representations and warranties that speak as of a specific date or time other than the Closing Date, which shall be true and correct in all respects as of such date and
time, and (ii) the representations and warranties contained in Article 7 hereof that are not subject to materiality qualifications shall be true and correct in all material respects at and as of the Closing, in each case as though
then made and as though the Closing Date was substituted for the date of this Agreement throughout such representations and warranties, except for representations and warranties that speak as of a specific date or time other than the Closing Date,
which shall be true and correct in all material respects as of such date and time. 

  

	2.	Pre-Closing Covenants. The Purchasers shall have performed all of the covenants and agreements required to be performed by them under this Agreement and the
other Transaction Documents prior to the Closing. 

  

	3.	Proceedings. No suit, action or other proceeding shall be pending or, to the knowledge of the Purchasers, threatened before any Governmental Entity in which it
is sought to restrain or prohibit the transactions contemplated hereby or that would materially and adversely affect the right of the Purchasers to own the Series C Preferred or the operations, approvals or accreditations of the Corporation or
any of its Subsidiaries (other than any such suit, action or proceeding brought by any of the Parties against any of the other Parties), and no injunction, judgment, order, decree or ruling with respect thereto shall be in effect.

  

	4.	Governmental Consents and Approvals. The Parties shall have obtained all Governmental Approvals that are required for the consummation of the transactions
contemplated hereby. 

  

	5.	Officer’s Certificate. At the Closing, each Purchaser shall have delivered to the Corporation a certificate from an officer or manager of such Purchaser,
dated as of the Closing, stating that each of the conditions specified in this Corporation Conditions Annex have been satisfied. 

  

	6.	Resolutions of General Partners. At the Closing, each Purchaser shall have delivered to the Corporation certified copies of the resolutions duly adopted by the
general partners of each of the Purchasers authorizing the execution, delivery and performance of this Agreement and each of the other agreements contemplated hereby and the consummation of the transactions contemplated hereby.

  

	7.	Full Force and Effect. Each of the agreements and documents to be delivered pursuant to this Agreement is in full force and effect as of the Closing and no such
agreement or document has been amended or modified. 

  
 Corporation
Closing Deliveries Annex – Page 1 

	8.	Third-Party Consents and Approvals. The Purchasers shall have obtained all third-party consents and approvals that are necessary for the consummation of the
transactions contemplated hereby, in each case on terms and conditions reasonably satisfactory to the Corporation. 

  

	9.	Governmental Consents and Approvals. The Purchasers shall have made all filings required to be made by them and have obtained any Licenses and Governmental
Approvals and other authorizations and consents required to be obtained under all applicable Laws to consummate the transactions contemplated by this Agreement in compliance with such Laws, in each case on terms and conditions satisfactory to the
Corporation. 

  

	10.	No Burdensome Condition or Requirement. No condition or requirement that could reasonably be expected to be materially burdensome to the Corporation shall be
applicable (as determined by the Corporation in its reasonable good faith discretion) or shall have been imposed on the Corporation by the Federal Reserve, the FDIC, the Pennsylvania Department of Banking or any other state or federal banking
regulatory authority in connection with such regulatory authority’s approval of any transaction to be undertaken by the Purchasers, the Corporation or otherwise in connection with the investment contemplated herein, as applicable, except for
passivity or non-association commitments of the Purchasers required by the Federal Reserve that are routine and consistent with past transactions. 

  
 Purchaser
Closing Deliveries Annex – Page 2 

 COVENANTS ANNEX 

 

	1.	Financial Statements and Other Information. So long as any Purchaser holds any Equity Securities and the Purchasers collectively hold at least twenty-five
percent (25%) of the Equity Securities the Purchasers (and their permitted successors and assigns) purchased pursuant to this Agreement, the Corporation shall deliver to each Purchaser: 

 

	 	(a)	as soon as available but in any event within thirty (30) days after the end of each quarterly accounting period in each fiscal year, unaudited consolidating and
consolidated statements of income and cash flows of the Corporation and its Subsidiaries for such quarterly period and for the period from the beginning of the fiscal year to the end of such quarter, and consolidating and consolidated balance sheets
of the Corporation and its Subsidiaries as of the end of such quarterly period, all prepared in accordance with GAAP, subject to the absence of footnote disclosures, normal year-end adjustments, and accompanied by a certificate (an
“Officer’s Certificate”) from either the chief executive officer or chief financial officer of the Corporation stating the following: “To the knowledge of the undersigned, the information contained in the financial
statements attached to this certificate fairly presents, in all material respects, the financial condition and results of operations of the Corporation and its Subsidiaries.”; 

 

	 	(b)	as soon as available but in any event within seventy-five (75) days after the end of each fiscal year, audited consolidating and consolidated statements of income
and cash flows of the Corporation and its Subsidiaries for such fiscal year, and consolidating and consolidated balance sheets of the Corporation and its Subsidiaries as of the end of such fiscal year, setting forth in each case comparisons to the
annual budget and to the preceding fiscal year, all prepared in accordance with GAAP accompanied by (i) with respect to the consolidated portions of such statements (except with respect to budget data), an opinion of an independent accounting
firm of recognized national standing, (ii) a copy of such accounting firm’s annual management letter to the Board and (iii) an Officer’s Certificate from either the chief executive officer or chief financial officer of the
Corporation stating the following: “To the knowledge of the undersigned, the information contained in the financial statements attached to this certificate fairly presents, in all material respects, the financial condition and results of
operations of the Corporation and its Subsidiaries.”; 

  

	 	(c)	promptly (but in any event within fifteen (15) business days) after transmission thereof, copies of all financial statements, proxy statements, reports and any
other general written communications that the Corporation sends to its shareholders and copies of all registration statements and all regular, special or periodic reports that it files, or any of its officers or directors file with respect to the
Corporation, with the Securities and Exchange Commission or with any securities exchange on which any of the Corporation’s securities are then listed; and 

  
 Covenants Annex
– Page 1 

	 	(d)	each of the financial statements referred to in Sections 1(a) and 1(b) shall be true and correct in all material respects as of the dates and for the periods stated
therein, subject in the case of the unaudited financial statements to changes resulting from normal year-end audit adjustments (none of which would, alone or in the aggregate, have a Material Adverse Effect). 

 

	2.	Access Rights. So long as any Purchaser holds Equity Securities, the Corporation shall permit any representatives designated by any Purchaser, upon reasonable
notice and at mutually agreeable times during normal business hours, to (a) visit and inspect any of the properties of the Corporation and its Subsidiaries, (b) examine the corporate and financial records of the Corporation and its
Subsidiaries and make copies thereof or extracts therefrom and (c) discuss the affairs, finances, and accounts of any such entities with the directors, officers, key employees and independent accountants of the Corporation and Subsidiaries;
provided, that, in each case, access to highly confidential proprietary information and facilities need not be provided. 

  

	3.	Observation Rights. So long as the Purchasers hold collectively 9.9% or more of all of the outstanding shares of Collective Common Stock of the Corporation on an
as-converted basis, the Corporation shall cause the Bank to invite one (1) Person designated by the Purchasers (the “Observer”) to attend meetings of the board of directors of the Bank in a nonvoting observer capacity;
provided, however, that the rights of the Observer will be limited to the right to attend and take notes at such a meeting and the Observer will not participate in any discussions at any meetings. The Corporation shall cause the Bank
to notify the Observer of all regular meetings and special meetings of the board of directors of the Bank. The Corporation shall cause the Bank to provide the Observer with copies of all notices, minutes, consents and other material that it provides
to all other members of the board of directors of the Bank concurrently as such materials are provided to the other members. 

  

	4.	FIRPTA. The Corporation acknowledges that each of the Purchaser’s equityholders may have foreign persons and entities as partners and that the Purchaser may
be required to file or cause to be filed in the future with the IRS certain statements with its United States income tax returns required under Section 1.897-2(h) of the Treasury Regulations. The Corporation shall use reasonable efforts to
avoid having assets that consist of “United States real property interests” within the meaning of Section 897 of the IRC at any time in such an amount that could cause the Corporation to become a “United States real property
holding corporation” within the meaning of Section 897. In the event the Corporation has reason to believe that the Corporation could become a “United States real property holding corporation” as so defined, it shall promptly
notify each Purchaser in writing of such fact. 

  

	5.	 Current Public Information. At all times after the Corporation (or its successor) has filed a registration statement with the Securities and
Exchange Commission pursuant to the requirements of either the Securities Act or the Securities Exchange Act, the Corporation (or its successor) shall file all reports required to be filed by it under the Securities Act and the Securities Exchange
Act and the rules and regulations adopted by the Securities 

  
 Covenants Annex
– Page 2 

	 	
and Exchange Commission thereunder and shall comply with any applicable requirements of the Registration Rights Agreement. 

 

	6.	Public Disclosures. The Corporation shall not, nor shall it permit any Subsidiary to, disclose the name or identity of any Purchaser (or any Affiliate thereof)
as an investor in the Corporation in any press release or other public announcement or in any document or material filed with any governmental entity (other than tax filings in the ordinary course), without the prior written consent of such
Purchaser, unless such disclosure is required by applicable law, governmental regulations, by order of a court of competent jurisdiction, in which case prior to making such disclosure the Corporation shall give written notice to such Purchaser
describing in reasonable detail the proposed content of such disclosure and shall permit such Purchaser to review and comment upon the form and substance of such disclosure. 

 

	7.	Indemnification of Directors; First Resort. The indemnification provisions set forth in the Bylaws of the Corporation and its Subsidiaries are hereby
incorporated by reference for the benefit of any Person that serves as a director of the Corporation or any of its Subsidiaries at the direction of a Purchaser. The Corporation or any of its Subsidiaries, as the case may be, shall be the indemnitor
of first resort with respect to indemnifiable claims against a person with a claim for indemnification under the By-Laws of such entity (a “Bylaw Indemnitee”) who also has rights to indemnification, advancement of expenses and/or
insurance provided by the Purchasers and/or certain of their respective Affiliates (the “Affiliate Indemnitors”), such that the Corporation’s obligations to such Bylaw Indemnitees are primary and any obligation of the Affiliate
Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by such Bylaw Indemnitee is secondary. The Corporation or its Subsidiary, as the case may be, shall advance the full amount of expenses
incurred by such Bylaw Indemnitee to the extent provided for in the relevant bylaws and shall be liable for the full amount of all expenses, judgments, penalties, fines and amounts paid in settlement to the extent legally permitted consistent with
the relevant bylaws, without regard to any rights such Bylaw Indemnitees may have against the Affiliate Indemnitors. The Corporation hereby irrevocably waives, relinquishes and releases, and will cause any of its Subsidiaries to waive, relinquish
and release, the Affiliate Indemnitors from any and all claims against the Affiliate Indemnitors for contribution, subrogation or any other recovery of any kind in respect thereof. The Corporation shall indemnify the Affiliate Indemnitors directly
for any amounts that the Affiliate Indemnitors pay as indemnification or advancement on behalf of any such Bylaw Indemnitee and for which such Bylaw Indemnitee may be entitled to indemnification from the Corporation or any of its Subsidiaries in
connection with serving as a director or officer of the Corporation or any of its Subsidiaries. No advancement or payment by the Affiliate Indemnitors on behalf of any such Bylaw Indemnitee with respect to any claim for which such Bylaw Indemnitee
has sought indemnification from the Corporation or any of its Subsidiaries shall affect the obligations of the Corporation and its Subsidiaries hereunder and the Affiliate Indemnitors shall have a right of contribution and/or be subrogated to the
extent of such advancement or payment to all of the rights of recovery of such Bylaw Indemnitee against the Corporation or any of its Subsidiaries. 

  
 Covenants Annex
– Page 3 

	9.	Director and Officer Liability Insurance. The Corporation shall at all times maintain director and officer liability insurance in an amount, and upon the terms
and conditions, that is customary in the industry. 

  

	10.	Director Fees & Expenses. The Corporation shall pay or reimburse the directors elected by the Purchasers in their capacity as holders of Series C
Preferred for attending meetings of the stockholders, the Board and committees thereof in the same manner as the Corporation pays (or reimburses, as applicable) for fees and expenses incurred by other directors of the Corporation.

  

	11.	Sufficiency of Conversion Stock. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Conversion Stock,
solely for the purpose of issuance upon the conversion of the Series C Preferred, such number of shares of Conversion Stock issuable upon the conversion of all Series C Preferred that has been or may be, at the option of LM III and LM
III-A, respectively, issued pursuant to the terms of this Agreement. All shares of Conversion Stock which are so issuable shall, when issued, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens, charges and
encumbrances. The Corporation shall take all such actions as may be necessary to assure that all such shares of Conversion Stock may be so issued without violation of any applicable Law or any requirements of any domestic securities exchange upon
which shares of Conversion Stock may be listed (except for official notice of issuance which shall be immediately delivered by the Corporation upon each such issuance). The Corporation shall not take any action which would cause the number of
authorized but unissued shares of Conversion Stock to be less than the number of such shares required to be reserved under the terms of the Series C Preferred as set forth in the Certificate of Designation for issuance upon conversion of the
Series C Preferred. 

  

	12.	VCOC Rights. In the event, and to the extent that, it is reasonably determined that the rights afforded to the Purchasers pursuant to this Covenants Annex
are not sufficient for purposes of the Department of Labor’s “plan assets” regulations, to the extent such plan assets regulations applies to the investment in the Series C Preferred, the Purchasers and the Corporation shall
cooperate in good faith to agree upon mutually satisfactory management access and information rights which satisfy such regulations. 

  

	13.	Redemption of TARP Shares. The Corporation shall use its commercially reasonable efforts to receive all required Governmental Approvals in order for the
Corporation to use a portion of the proceeds that it receives in exchange for the Series C Preferred to redeem all of the issued and outstanding shares of the TARP Series A Preferred Stock and the TARP Series B Preferred Stock issued
to the Treasury under the TARP Capital Purchase Program instituted under the Emergency Economic Stabilization Act of 2008, as amended by the American Recovery and Reinvestment Act of 2009, within a commercially reasonable period of time after the
consummation of the transactions contemplated in this Agreement. 

  
 Covenants Annex
– Page 4 

 DEFINITIONS ANNEX 

The following terms have the meanings set forth below: 
 “Adjusted Ownership Limit” means, as of any date of determination, 24.9% of the total equity of the Corporation outstanding at such time. 

“Affiliate” of any particular Person means any other Person controlling, controlled by or under common control with such
particular Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership of voting securities, by contract or otherwise, and such
“control” will be presumed if any Person owns twenty-five percent (25%) or more of the voting capital stock or other Equity Securities, directly or indirectly, of any other Person. 

“Affiliate Indemnitors” has the meaning set forth in Section 8.8(a). 

“Agency” has the meaning set forth in Section 6.29(b). 

“Agreement” has the meaning set forth in the Preamble. 

“Amended and Restated Bylaws of the Corporation” means the Amended and Restated Bylaws of the Corporation attached
hereto as Exhibit C. 
 “Amended and Restated Bylaws of the Bank” means the Amended and Restated
Bylaws of the Bank attached hereto as Exhibit D. 
 “Annexes” means, collectively, the annexes to
the Agreement, and “Annex” means any of the Annexes individually. 
 “Assets” has the meaning
set forth in Section 6.16. 
 “Bylaw Indemnitee” has the meaning set forth in Section 8.8(a).

 “Bank” has the meaning set forth in the Preamble. 

“BHC Act” has the meaning set forth in Section 6.1. 

“Board” means the board of directors of the Corporation. 

“Certificate of Designation” means Corporation’s Certificate of Designation of Perpetual Convertible Preferred
Stock, Series C in the form attached hereto as Exhibit A-1, as it may be amended or restated from time to time. 

“CIBC Act” means the Change in Control Bank Act of 1978, as amended. 

“Closing” has the meaning set forth in Section 1.3. 

  
 Definitions
Annex – Page 1 

 “Closing Date” has the meaning set forth in Section 1.3.

 “Code” means the Internal Revenue Code of 1986, as amended, taken together with any applicable Treasury
Regulations, and any reference to any particular Code Section shall be interpreted to include any revision of or successor to that Section regardless of how numbered or classified. 

“Collective Common Stock” means, collectively, the Common Stock and any capital stock of any class of the Corporation
hereafter authorized which is not limited to a fixed sum or percentage of par or stated value in respect to the rights of the holders thereof to participate in dividends or in the distribution of assets upon any liquidation, dissolution or winding
up of the Corporation. 
 “Common Stock” has the meaning set for in the Corporation’s Articles of
Incorporation. 
 “Confidentiality Agreement” means that certain Confidentiality and Non-Disclosure Agreement
dated as of February 13, 2012 by and between the Corporation and Lovell Minnick Partners LLC. 
 “Confidential
Information” has the meaning set forth in Section 8.5(b). 
 “Corporation” has the meaning
set forth in the Preamble. 
 “Conversion Stock” means, with respect to the Series C Preferred, shares of
the Corporation’s Collective Common Stock; provided that if there is a change such that the securities issuable upon conversion of the Series C Preferred are issued by an entity other than the Corporation or there is a change in the
type or class of securities so issuable, then the term “Conversion Stock” shall mean one share of the security issuable upon conversion of the Series C Preferred if such security is issuable in shares, or shall mean the smallest unit
in which such security is issuable if such security is not issuable in shares. 
 “CPP” has the meaning set
forth in Section 6.36. 
 “Employee Benefit Plan” has the meaning set forth in
Section 6.20. 
 “Encumbrances” means, with respect to any Equity Securities, any Liens, agreements
(other than the applicable Governing Documents and any Transaction Documents), voting trusts, proxies and other arrangements or restrictions of any kind whatsoever. 
 “Equity Securities” means any ownership interests, membership interests, partnership interests, profits interests, capital stock or other equity interests, or securities exercisable or
exchangeable for or convertible into, or warrants, options and other rights to acquire, membership interests, partnership interests, capital stock or other equity interests or ownership interests. 

  
 Definitions
Annex – Page 2 

 “ERISA” has the meaning set forth in Section 6.20. 

“ERISA Affiliate” has the meaning set forth in Section 6.20. 

“Exchange Act” means, the Securities Exchange Act of 1934, as amended, or any similar federal law then in force.

 “Exhibits” means, collectively, the exhibits to the Agreement, and “Exhibit” means any of
the Exhibits individually. 
 “Family” means with respect to an individual: (i) the individual;
(ii) the individual’s spouse; (iii) any other natural person who is related to the individual or the individual’s spouse within the second degree; and (iv) any other natural person who resides with such individual.

 “FDIC” means the Federal Deposit Insurance Corporation. 

“Federal Reserve” has the meaning set forth in Section 6.1. 

“Financial Statements” has the meaning set forth in Section 6.6. 

“GAAP” means United States generally accepted accounting principles as in effect from time to time. 

“Governing Documents” means, with respect to any Person, its certificate of incorporation, articles of incorporation,
articles of association, certificate of formation and limited liability company agreement or limited partnership agreement, and bylaws or similar governing documents. 
 “Governmental Approval” means any license, permit, approval, certification, accreditation, authorization or order of, notification to, or filing with, any Governmental Entity. 

“Governmental Entity” means any federal, state, local or foreign government or governmental, regulatory, political,
judicial or quasi-judicial or administrative subdivision, department, authority, entity, agency, commission, board, bureau, or instrumentality, or any court or arbitrator, including the Federal Reserve and the FDIC. 

“Improvements” has the meaning set forth in Section 6.26(c). 

“Indebtedness” means at any particular time, without duplication, (a) all indebtedness of the Corporation or any of
its Subsidiaries for borrowed money, (b) all obligations of the Corporation or any of its Subsidiaries evidenced by any note, bond, debenture or other similar instrument or debt security, (c) all indebtedness for the deferred purchase
price of property or services with respect to which the Corporation or any of its Subsidiaries is liable, contingently or otherwise, as obligor or otherwise, which is not evidenced by a trade payable or other current liability, (d) all
obligations of the Corporation or any of its Subsidiaries arising from deferred compensation, consulting or noncompetition arrangements, (e) all obligations of the Corporation 

  
 Definitions
Annex – Page 3 

 
or any of its Subsidiaries under capitalized leases, (f) all obligations secured by a Lien on any of the Corporation’s or any of its Subsidiaries’ assets, (g) all guarantees
(including guarantees in the form of an agreement to repurchase or reimburse) by the Corporation or any of its Subsidiaries of the obligations of another Person and other commitments by the Corporation or any of its Subsidiaries that assures a
creditor against loss (including contingent reimbursement obligations with respect to letters of credit), (h) any payment or other obligation of the Corporation or any of its Subsidiaries which is triggered in whole or in part as a result of
the transactions contemplated hereby, (i) all liabilities of the Corporation or any of its Subsidiaries classified as non-current liabilities in accordance with GAAP as of the Closing and (j) all accrued interest, prepayment premiums or
penalties related to any of the foregoing. 
 “Indemnifying Party” has the meaning set forth in
Section 8.7(a). 
 “Indemnitees” means, collectively, the Purchasers and their Affiliates, the
Corporation and its Subsidiaries (except where the Corporation is the indemnifying Party) and their respective partners, members, officers, employees, agents, representatives, successors and assigns. 

“Indemnity Acknowledgement Period” has the meaning set forth in Section 8.7(a). 

“Insider” means an executive officer, director, or principal shareholder of a Person, and includes any related interest
of such a Person. 
 “Insider Loan” has the meaning set forth in Section 6.22(b). 

“Intellectual Property Rights” means any and all intellectual and proprietary rights and rights in confidential
information of any kind, including all (a) patents patent applications, patent disclosures and inventions (whether or not patentable and whether or not reduced to practice), (b) internet domain names, trademarks, service marks, trade
dress, trade names, logos and entity names (together with all of the goodwill associated therewith), (c) copyrights and copyrightable works, (d) mask works, (e) registrations and applications for registration for any of the foregoing,
(f) computer software programs and applications (including (w) software implementations of algorithms, models and methodologies, whether in source code or object code, (x) databases and compilations, including data and collections of
data, (y) descriptions, flowcharts and other work product used to design, plan, organize and develop any of the foregoing, and (z) all documentation, manuals and other materials relating to any of the foregoing), (g) trade secrets and
other confidential information (including ideas, formulas, compositions, know-how, production processes and techniques, research and development information, drawings, specifications, designs, plans, proposals, technical data, financial and
marketing plans and customer and supplier lists and information), (h) other intellectual property, and (i) copies and tangible embodiments thereof (in whatever form or medium). 

“Investment” as applied to any Person means (a) any direct or indirect purchase or other acquisition by such Person
of any notes, obligations, instruments or Equity Securities (including joint venture interests) of any other Person and (b) any capital contribution by such Person to any other Person. 

  
 Definitions
Annex – Page 4 

 “Investment Amount” means an amount equal to $50,000,000. 

“Key Employee” or “Key Employees” has the meaning set forth in Section 6.19(a). 

“Knowledge” as used in the phrases “to the Knowledge of Corporation,” “to the
Corporation’s Knowledge” or phrases of similar import means the knowledge or awareness, after reasonable inquiry of any of James F. Getz, William Schenck, Mark Sullivan, Brian Fetterolf, Tom Groneman, Charles Fawcett, Tito Lima, or Jan
Bone. 
 “Latest Balance Sheet” has the meaning set forth in Section 6.6(b). 

“Laws” means any federal, state, local or foreign statute, law, regulation, rule, order, principle of common law, or
enforced by, any Governmental Entity. 
 “Leased Real Property” has the meaning set forth in
Section 6.26(a). 
 “Leases” has the meaning set forth in Section 6.26(a). 

“Licenses” means all licenses, permits, approvals, certifications, accreditations, authorizations or orders of,
notifications to, or filings with, any Governmental Entity or any other Person. 
 “Lien” or
“Liens” means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof), any sale of receivables with
recourse, and any filing or agreement to file a financing statement as debtor under the Uniform Commercial Code or any similar statute (other than to reflect ownership by a third party of property leased to the Corporation or any of its Subsidiaries
under a lease which is not in the nature of a conditional sale or title retention agreement). 
 “LM III” has
the meaning set forth in the Preamble. 
 “LM III-A” has the meaning set forth in Preamble. 

“Loan Investor” has the meaning set forth in Section 6.29(b). 

“Loss” or “Losses” means any loss, liability, cost, damage, deficiency, amount, Tax, fine or expense,
whether or not arising out of third party claims (including interest, penalties, reasonable attorneys’ fees and expenses and all amounts paid in investigation, defense or settlement of any of the foregoing). 

“Material Adverse Effect” means any event, condition or change which (individually or in the aggregate with all other
such events, conditions or changes) has had or would reasonably be expected to have a material adverse effect upon the business, operations, prospects, assets, 

  
 Definitions
Annex – Page 5 

 
liabilities, condition (financial or otherwise), value, operating results or cash flow of the Corporation or any of its Subsidiaries taken as a whole. 

“Material Contract” has the meaning set forth in Section 6.18(n). 

“nonqualified deferred compensation plan” has the meaning set forth in Section 6.17(j). 

“Observer” shall have the meaning set forth in Section 3 of the Covenants Annex. 

“Officer’s Certificate” has the meaning set forth in Section l(a) of the Covenants Annex.

 “Owned Real Property” has the meaning set forth in Section 6.26(a). 

“Ownership Cap” means, as of any date of determination, 24.9% of any class of Voting Securities of the Corporation
outstanding at such time. Any calculation of a holder’s percentage ownership of the outstanding Voting Securities of the Corporation for purposes of this definition shall be made in accordance with the relevant provisions of Regulation Y of the
Federal Reserve (12 C.F.R. 225 et. seq.). 
 “Party” or “Parties” has the meaning set
forth in the Preamble. 
 “Permitted Encumbrances” means (i) statutory liens for current Taxes or other
governmental charges not yet delinquent or the amount or validity of which is being contested in good faith by appropriate proceedings by the Corporation and for which appropriate reserves have been established in accordance with GAAP;
(ii) mechanics,’ carriers,’ workers,’ repairers’ and similar statutory liens arising or incurred in the ordinary course of business for amounts which are not delinquent and which are not, individually or in the aggregate,
significant; (iii) zoning, entitlement, building and other land use regulations imposed by governmental agencies having jurisdiction over the Leased Real Property which are not violated by the current use and operation of the Leased Real
Property and (iv) covenants, conditions, restrictions, easements and other similar matters of record affecting title to the Leased Real Property which do not materially impair the occupancy or use of the Leased Real Property for the purposes
for which it is currently used or proposed to be used in connection with the Corporation’s business or any of its Subsidiaries’ businesses. 
 “Person” means a natural person, a partnership, a corporation, a limited liability company, an association, a joint stock corporation, a trust, a joint venture, an unincorporated
organization and a Governmental Entity. 
 “Plan” has the meaning set forth on Section 6.17(j).

 “Preemptive Rights Offering” has the meaning in ARTICLE 2. 

“Preferred Purchase Price” means $1,025.00. 

  
 Definitions
Annex – Page 6 

 “Public Offering” means any offering by the Corporation of its capital
stock or equity securities to the public pursuant to an effective registration statement under the Securities Act, or any comparable statement under any similar federal statute then in force. 

“Purchaser” or “Purchasers” has the meaning set forth in the Preamble. 

“Real Property” has the meaning set forth in Section 6.26(c). 

“Registration Rights Agreement” has the meaning set forth in Section 7 of the Purchaser Conditions
Annex. 
 “Regulatory Agreement” has the meaning set forth in Section 6.11. 

“Reports” has the meaning set forth in Section 6.15. 

“Schedules” means, collectively, the schedules to the Agreement, and “Schedule” means any of the
Schedules individually. 
 “Securities Act” means the Securities Act of 1933, as amended, or any similar
federal law then in force. 
 “Series C Preferred” has the meaning set forth in the Recitals. 

“Series C Preferred Shares” means, the number of shares of Series C Preferred determined by the following
formula: the Investment Amount divided by the Preferred Purchase Price. 
 “Subsidiary” means
with respect to any Person, any corporation, limited liability company, partnership, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the
occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination
thereof, or (ii) if a limited liability company, partnership, association or other business entity (other than a corporation), a majority of membership, partnership or other similar ownership interest thereof or the power to elect or appoint a
majority of the managers or governing body thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons
shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity (other than a corporation) if such Person or Persons shall be allocated a majority of limited liability company,
partnership, association or other business entity gains or losses or shall be or control the sole, or a majority of the, managing director(s), managing member(s), manager(s), board of managers or general partner of such limited liability company,
partnership, association or other business entity. For purposes hereof, references to a “Subsidiary” of any Person shall be given effect only at such times that such Person has one or more Subsidiaries, and, unless otherwise indicated, the
term “Subsidiary” refers to a Subsidiary of the Corporation. 

  
 Definitions
Annex – Page 7 

 “TARP Series A Preferred Stock” has the meaning set forth in
Section 4.3. 
 “TARP Series B Preferred Stock” has the meaning set forth in
Section 4.3. 
 “Tax” or “Taxes” means federal, state, county, local, foreign or
other income, gross receipts, ad valorem, franchise, profits, sales or use, transfer, registration, excise, utility, environmental, communications, real or personal property, capital interests, license, payroll, wage or other withholding,
employment, social security, severance, stamp, occupation, alternative or add-on minimum, estimated and other taxes of any kind whatsoever (including deficiencies, penalties, additions to tax, and interest attributable thereto) whether disputed or
not and including any obligations to indemnify or otherwise assume or succeed to the Tax liability of any other Person (including any obligation to make a tax distribution to members of a partnership or limited liability company). 

“Tax Return” means any return, information report, declaration, claim for refund or filing with respect to Taxes,
including any schedules attached thereto and including any amendment or supplements thereof. 
 “Third-Party
Approvals” has the meaning set forth in Section 16 of the Purchaser Conditions Annex. 

“Third-Party Claim” has the meaning set forth in Section 8.7(a). 

“Transaction Documents” means this Agreement, the Certificate of Designation, Registration Rights Agreement, the Amended
and Restated Bylaws of the Corporation, the Amended and Restated By-Laws of the Bank, and all other agreements, certificates and instruments contemplated hereby and thereby. 
 “Treasury” has the meaning set forth in Section 6.36. 

“Treasury Regulations” means the United States Treasury Regulations promulgated under the Code, and any reference to any
particular Treasury Regulation Section shall be interpreted to include any final or temporary revision of or successor to that Section regardless of how numbered or classified. 

“Voting Securities” means, as of the date of determination, the voting securities, as that term is defined under
Regulation Y of the Federal Reserve (12 C.F.R. §225 et. seq.), of the Corporation. 
 “WARN Act” has the
meaning set forth in Section 6.21. 

  
 Definitions
Annex – Page 8 

 Schedule A 

 

													
	 Purchaser
	  	Percentage	 	 	Investment
Amount	 	  	Series C
Shares*	 
	 LM III TriState Holdings LLC
	  	 	69.1607	% 	 	$	34,580,350	  	  	 	33,736.927	  
	 LM III-A TriState Holdings LLC
	  	 	30.8393	% 	 	$	15,419,650	  	  	 	15,043.561	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Total
	  	 	100	% 	 	$	50,000,000	  	  	 	48,780.488	  

  

	*	Preferred Purchase Price per share equals $1,025.00. 

 Schedule A

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