Document:

Amended and Restated Employment Agreement

 Exhibit 10.25 
 EXECUTION VERSION 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into by
and between NPC International, Inc. (the “Company”), NPC Acquisition Holdings, LLC (“Holdings”) for the limited purposes of Sections 4.3, 10, 13, 16, 19 and 25 only, and Troy D. Cook (“Employee”), and is dated as
of February 16, 2011. 
 W I T N E S S E T H: 

WHEREAS, Company recognizes Employee’s substantial contribution to its growth and success and desires to assure the
continued employment of Employee, and Employee desires to continue such employment, upon the terms set forth in this Agreement; and 
 WHEREAS, Company, Holdings and Employee did enter into an original Employment Agreement on May 3, 2006, an Amended and Restated Employment Agreement dated December 29, 2008 and a letter
agreement dated March 10, 2009 (collectively, the “Old Employment Agreement”); and 
 WHEREAS,
the parties now wish to reflect certain amendments to the Old Employment Agreement through memorialization of an Amended and Restated Employment Agreement. 
 NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the adequacy and receipt of which is hereby acknowledged, the parties
agree as follows: 
 1.        Effective Date.  Company
hereby continues the employment of Employee and Employee hereby continues employment with Company for the Term (as defined below) in the position and with the duties and responsibilities set forth in Section 3 below, and upon the other terms
and subject to the conditions hereinafter stated. The term “Effective Date” shall be January 1, 2011, except that, for the avoidance of doubt, the calculation and payment of bonus compensation for 2010 shall be governed by
Section 4.2 of the Old Employment Agreement. 

2.        Term.  The initial term of this Agreement shall
commence on the Effective Date and shall continue until the earlier of (a) the third (3rd) anniversary of the Effective Date, or (b) the earlier termination of Employee’s employment pursuant to Section 7 of this Agreement (the “Initial Term”). This Agreement
shall automatically be renewed for successive two (2) year periods commencing on the expiration of the Initial Term and each second anniversary thereof thereafter (the “Renewal Term”), unless either party provides the other with at
least ninety (90) days’ prior written notice of its intent not to so renew; provided, however, that the party receiving such notice may waive the 90-day notice requirement. The term “Term” shall mean the Initial Term together
with any Renewal Term(s). The term “Renewal Deadline” shall mean the last day on which notice of non-renewal is permitted to be given under this Agreement but in no event later than September 30 of the applicable year. 

 3.        Position, Duties,
Responsibilities and Services. 

  3.1.        Position, Duties and
Responsibilities.  During the Term, Employee shall serve as Senior Vice President—Finance and Chief Financial Officer of Company, in which capacities Employee shall perform the usual and customary duties, and have the usual and
customary authority and status, of those offices, which shall be those normally inherent in such capacities in U.S. publicly-reporting corporations of similar size and character. Employee shall also have such other managerial duties and
responsibilities with Company, its subsidiaries or divisions as may be assigned by the Board of Directors of Company (the “Board”) to the extent consistent with the immediately preceding sentence. Employee shall be subject to the
supervision and control of the Board. 

  3.2.        Services to be
Provided.  During the Term, Employee shall (i) devote substantially all his full working time, attention and energies to the affairs of Company and its subsidiaries and divisions, (ii) use his best efforts to promote its and
their best interests, (iii) faithfully and diligently perform his duties and responsibilities hereunder, and (iv) comply with and be bound by Company’s operational policies, procedures and practices as are from time to time in effect
during the Term. Employee acknowledges that his duties and responsibilities will require substantially all his full-time business efforts and agrees during his employment by Company that he will not engage in any other business activity or have any
business pursuits or interests, except activities or pursuits which the Board has determined, in its reasonable judgment, after notice by Employee, do not conflict with the business of Company and its subsidiaries or interfere with the performance
by Employee of his duties hereunder; provided, however, that the Excepted Investments and Activities (as defined in Section 9) and the expenditure by Employee of a reasonable amount of time to monitor such investments and participate in such
Activities shall be deemed not to conflict with the business of Company and its subsidiaries or to interfere with the performance by Employee of his duties hereunder. This Agreement shall not be construed as preventing Employee from serving as an
outside director of any other company or from investing his assets in such form or manner as will not require a material amount of his time, in each case subject to the restrictions contained in Section 9 below; provided, however, that the
Excepted Investments and Activities (as defined in Section 9) and the expenditure of a reasonable amount of time by Employee to monitor such investment and participate in such Activities shall be deemed not to be prohibited by this sentence.

   3.3.        Location of Services to be
Provided.  Employee’s principal place of business during the Term shall be within thirty-five (35) miles of Overland Park, Kansas (the “Principal Place of Employment”). 

4.        Compensation. 

  4.1.        Base Salary.  Commencing
on the Effective Date, Employee shall be paid a base salary (“Base Salary”) at an annual rate of Four Hundred Seventy Thousand Dollars ($470,000) per year, payable consistently with Company’s current payroll

  
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practices. The Base Salary shall be reviewed at least annually by the Board during the Term for an increase based on merit and other relevant factors, and may be increased but not decreased
during the Term, other than pursuant to a systematic reduction that is applicable to the entire executive management team. Employee shall receive annual written notice of the Base Salary that will be applicable for the immediately succeeding fiscal
year at least thirty (30) days in advance of the Renewal Deadline, or if there is no Renewal Deadline in such prior fiscal year, thirty (30) days in advance of the end of such prior fiscal year. Except where expressly provided otherwise,
each year referenced under Sections 4.1 and 4.2 hereof shall be interpreted to be an annual fiscal year of Company. For purposes of this Agreement, “systematic reduction” shall mean a reduction in salary for all employees within the
“management team,” as defined hereafter, that is the same reduction of salary on a proportional basis for the members of the management team. In addition, for purposes of this Agreement, “management team” shall be defined as
those members of management whose compensation is reviewed annually, following historical practices, by the Compensation Committee of the Board of Directors. 

4.2.        Bonus Compensation. 

(a)        Calculation of Bonus
Compensation.  Employee’s annual bonus compensation (“Bonus Compensation”) for each year during the Term shall be calculated as provided in Exhibit D, until changed by written agreement of Company and Employee, which for
the avoidance of doubt may be effected in a separate agreement between Company and Employee. Employee and Company may agree from time to time by amendment to this Agreement or in such separate agreement to revise the bonus arrangement in Exhibit D
or substitute a new Exhibit D for the form then attached to this Agreement. 

(b)        Board Discretion.  In addition to
the Bonus Compensation determined pursuant to Section 4.2(a), the Board, in its sole and exclusive discretion, may award Employee additional bonus compensation in recognition of outstanding performance. 

(c)        Timing of Payment.  Company shall
pay the Bonus Compensation and any payment to be made pursuant to Section 4.2(b) to Employee within thirty (30) days of the completion by Company’s certified public accountants of their audit of Company’s financial statements for
the applicable fiscal year or, if the employment of Employee shall have been terminated for any reason prior to such date, in accordance with Section 7 below; but in no event later than March 15 of the calendar year following the
completion of the fiscal year in which the services in respect of such Bonus Compensation were rendered. 
 4.3.        Long-Term Incentive and Equity Based Awards.  As of the original effective date of the Old Employment Agreement, Holdings granted
Employee nine hundred seventy-five thousand (975,000) non-time vesting Series A Options to purchase an equivalent number of common units in Holdings, one million sixty-four thousand (1,064,000) time vesting Series A Options to
purchase an equivalent number of common units in Holdings, and two million six hundred fifty-nine thousand (2,659,000) Series B 

  
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Options to purchase an equivalent number of common units in Holdings, which options have terms substantially similar to those set forth in the Holdings Management Investment and Option Plan,
attached hereto as Exhibit A. 

  4.4.        Management
Interests.  In accordance with the provisions of Section 6.11 of the Stock Purchase Agreement, by and among Company, Holdings, and the stockholders of NPC International, Inc. dated as of March 3, 2006 (the “Stock
Purchase Agreement”), pursuant to his rollover contribution Employee received membership interests with value of $1,300,000 (the “Management Interests”). Such interests and the interests underlying the options are subject to the terms
of the Amended and Restated Limited Liability Company Agreement of Company, as the same may be amended from time to time in accordance with its terms; provided, however, that no such amendment shall be made to the LLC Agreement that
will have a disproportionate impact on the management interestholders. 

5.        Employee Benefits. 

  5.1.        Benefit Plans.  During
the Term, Employee shall be entitled to participate in and receive benefits generally made available from time to time to senior executive officers of Company under all benefit programs, arrangements or perquisites of Company, including the benefit
plans referenced in Section 7.02(b) of the Stock Purchase Agreement; provided, however, that it is agreed that Employee shall not participate in the NPC International, Inc. Non-Qualified Executive Deferred Compensation Plan. Notwithstanding the
immediately preceding sentence, (a) Employee shall continue to receive, throughout the Term, short- and long-term disability insurance as in effect for Employee immediately prior to the Effective Date, and (b) Employee shall be entitled to
receive perquisites that are no less favorable than those described in Exhibit B attached hereto throughout the Term. In addition, Company shall pay or reimburse (as the case may be) the premiums for, life insurance in the amount of Two Million
Dollars ($2,000,000), payable to Employee and Employee’s heirs upon death. 

  5.2.        Vacation.  During the
Term, Employee shall be entitled to receive vacation, pay for accrued vacation not taken, and carryover to subsequent years of vacation not taken, in each case, in accordance with Company policy in effect immediately prior to the Effective Date, but
in no event less than four (4) weeks vacation with pay in any one (1) calendar year (pro-rated as necessary for partial calendar years during the Term). Such vacation may be taken, in Employee’s discretion, at such time or times as
are not inconsistent with the reasonable business needs of Company. 

  5.3.        Car Allowance.  Company
shall provide a car allowance to Employee in the amount of Four Thousand Six Hundred Two Dollars ($4,602) for each year of the Term. 

  
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6.        Expenses.  During the Term, Company shall reimburse
Employee upon presentation of appropriate vouchers or receipts and in accordance with Company’s expense reimbursement policies for senior executive officers, for all reasonable travel and entertainment expenses incurred by Employee in
connection with the performance of his duties under this Agreement. 

7.        Consequences of Termination of Employment. 

  7.1.        Death.  In the event of
the death of Employee during the Term, Employee’s employment hereunder shall be terminated as of the date of his death and Employee’s designated beneficiary, or, in the absence of such designation, the estate or other legal representative
of Employee (collectively, the “Estate”) shall be paid (a) Employee’s unpaid Base Salary through the month in which the death occurs, (b) any unpaid Bonus Compensation for any fiscal year which has ended as of the date of
death, (c) the Pro Rata Bonus amount for the fiscal year in which the date of death occurs, and (d) any accrued vacation pay for vacation that has not yet been taken as of the date of death. The term “Pro Rata Bonus Amount” means
the actual Bonus Compensation for the year in which Employee’s employment terminates based on the actual performance for such year and determined at the time that such bonuses would otherwise be paid, times a fraction, (i) the numerator of
which is the number of days in such year through and including the date in which Employee’s employment terminates, and (ii) the denominator of which is 365. The Estate shall be entitled to all other death benefits in accordance with the
terms of Company’s benefit plans. 

  7.2.        Permanent
Disability.  In the event Employee become subject to a Permanent Disability, as determined in good faith by the Compensation Committee of the Board, Company shall have the right to terminate his employment by giving Employee thirty
(30) days’ prior written notice. If Employee’s employment hereunder is so terminated, Employee shall be paid, in addition to payments under any disability insurance policy in effect, (a) Employee’s unpaid Base Salary through
the month in which such termination occurs, (b) Bonus Compensation on the same basis as is set forth in Section 7.1 above, and (c) any accrued vacation pay for vacation that has not yet been taken as of the date on which termination
of employment becomes effective. The term “Permanent Disability” means the existence of an illness or incapacity (either physical or mental) which, in the reasonable opinion of a Qualified Physician, is likely to be of such character or
severity that Employee would be unable to resume devoting substantially his full normal working time as required herein to his employment hereunder for a period of at least six (6) consecutive months. The term “Qualified Physician”
means an impartial physician competent to diagnose and treat the illness or condition which Employee is believed to be suffering, selected by Company and reasonably acceptable to Employee (or if Employee is then incapable of acting for himself,
Employee’s personal representative), who shall have personally examined Employee and shall have personally reviewed Employee’s relevant medical records; provided Company shall bear the costs of such Qualified Physician’s services and
Employee agrees to submit to an examination by such Qualified Physician and to the disclosure of Employee’s relevant medical records to such Qualified Physician. 

  
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7.3.        Termination of Employment of Employee by Company
for Cause.  Company may terminate Employee’s employment for Cause (as defined below) upon receipt by Employee of written notice specifying the date on which such termination shall become effective and notifying Employee of the
grounds constituting Cause (“Notice of Termination for Cause”); provided, however, that Cause shall not exist unless and until Company has delivered to Employee a copy of a resolution that the Board adopts at a meeting of the
Board finding that in the good faith opinion of the Board, Employee was guilty of the conduct constituting Cause. In the event Employee is terminated for Cause, Employee shall be paid (a) his unpaid Base Salary through the date of termination,
(b) any unpaid Bonus Compensation for any fiscal year that has ended prior to the year in which such termination occurs, (c) any accrued vacation pay for vacation that has not yet been taken as of the date on which termination of
employment becomes effective, and (d) any other benefits to which he is entitled by any other benefit plan and by applicable law. The term “Cause” as used herein, shall mean (i) Employee’s misappropriation of funds,
embezzlement or fraud in the performance of his duties hereunder, (ii) the continued failure or refusal of Employee (following written notice thereof) to carry out in any material respect any reasonable request of the Board for the provision of
services hereunder, (iii) the material breach of any material provision of this Agreement or of any Company policy regarding acts of moral turpitude, dishonesty, theft or unethical business conduct, or (iv) the entering of a plea of guilty
or nolo contendere to, or the conviction of Employee of, a felony. 

7.4.        Termination of Employment Other than for Cause,
Death or Disability. 

(a)        Termination.  This Agreement may be
terminated (i) by Company (for reasons in addition to termination pursuant to Sections 7.1, 7.2 or 7.3 above) at any time and for any reason, (ii) by Employee at any time for Good Reason (as defined below) and for any other reason, or
(iii) upon the expiration of the Term, provided that any termination of Employee’s employment, other than by reason of death or Cause, must be preceded by a Notice of Termination given at least thirty (30) calendar days in advance of
the effective date of termination and which shall specify the effective date of termination, the specific termination provision in this Agreement relied upon as the basis for termination and describing in reasonable detail the facts and
circumstances claimed to provide a basis for termination of Employee’s employment. 

(b)        Severance Payments. 

(1)        If this Agreement is terminated by Company, other
than as a result of death or disability of Employee or for Cause (“Termination Without Cause”), or Employee terminates this Agreement for Good Reason, Company shall pay Employee a severance payment in an amount equal to the sum of the
Accrued Obligations (as defined below), plus the product of the sum of the lump sum Employee’s Base Salary and the Bonus Compensation earned by Employee in respect of the last year immediately preceding the year of termination, multiplied by
two (2). Such severance and non-competition payment shall be payable in twenty-four (24) equal monthly installments commencing as of the first payroll date in the month following the month in which the termination occurs. 

  
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 The term “Accrued Obligations” means the sum of (i) Base
Salary that is accrued but unpaid as of the date on which the termination of employment becomes effective; (ii) any unpaid Bonus Compensation for any fiscal year which has ended prior to the year in which the date of such termination occurs,
(iii) any accrued vacation pay for vacation that has not yet been taken as of the date on which the termination of employment becomes effective, (iv) any other amounts due Employee under any benefit plan or in accordance with applicable
law as of the date on which the termination of employment becomes effective, and (v) the Pro Rata Bonus Amount for the fiscal year in which the date of termination occurs. 

The term “Good Reason” means the occurrence, without Employee’s prior written consent, of any one or more
of the following: 
 (i)        The assignment to Employee of duties
inconsistent with those set forth in Section 3.1 (it being acknowledged by Employee, however, that the hiring of a Chief Operating Officer by Company should not give rise to Good Reason hereunder); 

(ii)        The relocation of the principal place of employment to a location
more than 35 miles from the current Principal Place of Employment; 

(iii)        A reduction of twenty percent (20%) or more in Employee’s
annual bonus opportunity, other than pursuant to a systematic reduction that is applicable to the entire executive management team; and 
 (iv)        Company’s material breach of any material provision of this Agreement; or 

(v)        Any reduction whatsoever in Employee’s Base Salary, other than
pursuant to a systematic reduction that is applicable to the entire executive management team; 
 provided,
that Company shall have thirty (30) days from the date on which Company receives Employee’s notice of termination for Good Reason to remedy any occurrence constituting Good Reason and Employee immediately, after Company’s failure to
remedy such occurrence, terminates employment. 

(2)        If Employee terminates his employment voluntarily
prior to the expiration of the Term, Employee shall be paid (a) his unpaid Base Salary, through the end of the month in which the voluntary termination occurs, (b) any unpaid Bonus Compensation for any fiscal year which has

  
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ended prior to the year in which the date of such termination occurs, and (c) any other benefits to which he is entitled under this Agreement and by applicable law. 

(3)        For purposes of this Section 7.4(b),
“terminates employment” shall mean Company and Employee anticipate that no further services will be performed after a certain date, or that the level of bona fide services Employee would perform after such date (whether as an employee or
as an independent contractor) would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or as an independent contractor) over the immediately preceding a
thirty-six (36) month period. 
 8.        Confidential
Information. 
   8.1.        Employee
agrees not to use, disclose or make accessible to any other person, firm, partnership, corporation or any other entity any Confidential Information (as defined below) pertaining to the business of Company at any time during the Term or thereafter,
except (i) while employed by Company, in the business of and for the benefit of Company, or (ii) when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over the business of
Company, or by any administrative body or legislative body (including a committee thereof) with jurisdiction to order Company to divulge, disclose or make accessible such information. For purposes of this Agreement, “Confidential
Information” shall mean non-public information concerning Company’s financial data, statistical data, strategic business plans, product development (or other proprietary product data), customer and supplier lists, customer and supplier
information, information relating to governmental relations, discoveries, practices, processes, methods, trade secrets, marketing plans and other non-public, proprietary and confidential information of Company that, in any case, is not otherwise
generally available to the public and has not been disclosed by Company to others not subject to confidentiality agreements. In the event Employee’s employment is terminated hereunder for any reason, he immediately shall return to Company all
Confidential Information in his possession. 

  8.2.        Employee and Company agree that the
covenant regarding Confidential Information contained in this Section 8 is a reasonable covenant under the circumstances, and further agree that if, in the opinion of any court of competent jurisdiction, such covenant is not reasonable in any
respect, such court shall have the right, power and authority to excise or modify such provision or provisions of this covenant as to the court shall appear not reasonable and to enforce the remainder of the covenant as so amended. Employee agrees
that any breach of the covenant contained in this Section 8 would irreparably injure Company. Accordingly, Employee agrees that Company, in addition to pursuing any other remedies it may have in law or in equity, may obtain an injunction
against Employee from any court having jurisdiction over the matter, restraining any further violation of this Section 8. 

  
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 9.        Non-Competition;
Non-Solicitation. 

  9.1.        Employee agrees that, during the two
(2) years following only his termination of employment for any reason (the “Non-Competition Period”), without the prior written consent of Company: (i) he shall not, in any capacity whatsoever, either directly or indirectly,
individually or as a member of any business organization, (a) engage in the production or sale at retail of any pizza, or pasta, or any Italian food item similar to any Italian food item now or in the future approved by PHI (as defined in the
Stock Purchase Agreement) or its Affiliates for use in the Pizza Hut System (as defined in the Stock Purchase Agreement) in the states within the United States in which Company has then-existing locations (the “Territory”), or
(b) have any employment or own an interest, manage, operate, join, control, lend money to or render financial or other assistance to or participate in or be connected with, as an officer, employee, partner, stockholder, consultant or otherwise,
any person engaged in the production or sale of such products in the Territory, provided, however, that, for the purposes of this Section 9.1, ownership of securities having no more than one percent of the voting power of any
competitor which is listed on any national securities exchange shall not be deemed to be in violation of this Section 9.1 as long as the Person owning such securities has no other connection or relationship with such competitor; (ii) he
shall not, on behalf of any competing entity, directly or indirectly, interfere with relationships with any suppliers or customers of Company; and (iii) he shall not perform services of any kind in any capacity for PHI; provided, however, that
Employee shall be permitted to make and retain the investments described in Exhibit C attached hereto to the extent provided therein and to engage in the monitoring and other activities described in such Exhibit (collectively, “Excepted
Investments and Activities”). 

  9.2.        During the Non-Competition Period,
Employee agrees that, without the prior written consent of Company (and other than on behalf of Company), Employee shall not, on his own behalf or on behalf of any person or entity, directly or indirectly (a) hire or solicit the employment of
any employee who has been employed by Company at any time during the six (6) month period immediately preceding the date of such hire or solicitation, or (b) solicit the suppliers or customers of Company, or discourage such clients or
customers from doing business with Company. 

  9.3.        Employee and Company agree that the
covenants of non-competition and non-solicitation contained in this Section 9 are reasonable covenants under the circumstances, and further agree that if, in the opinion of any court of competent jurisdiction such covenants are not reasonable
in any respect, such court shall have the right, power and authority to excise or modify such provision or provisions of these covenants as to the court shall appear not reasonable and to enforce the remainder of these covenants as so amended.
Employee agrees that any breach of the covenants contained in this Section 9 would irreparably injure Company. Accordingly, Employee agrees that Company, in addition to pursuing any other remedies it may have in law or in equity, may obtain an
injunction against Employee from any court having jurisdiction over the matter, restraining any further violation of this Section 9. 

  
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 10.        Indemnification;
Legal Fees.  Company shall indemnify Employee to the fullest extent permitted by the laws of Company’s state of incorporation in effect at that time. If Employee provides services on behalf of Holdings, Holdings shall indemnify
Employee to the fullest extent permitted under Delaware law in effect at the time. Employee shall also be entitled to such limitations on liability as are provided in the certificate of incorporation of Company as in effect on the date of this
Agreement. Additionally, Employee will be entitled to any insurance policies Company may elect to maintain generally for the benefit of its officers and directors against all damages, liabilities, costs, charges and expenses incurred in connection
with any action, suit or proceeding to which he may be made a party by reason of being a director or officer of Company or providing services on behalf of Holdings (“D&O Policy”); provided, however, that the scope and amount of
insurance coverage under the D&O Policy shall be either the same as or no less favorable than the directors and officers liability insurance provided for the directors and officers of Holdings. To the extent permissible without penalty under the
Sarbanes-Oxley Act of 2002 and any other applicable law, Company agrees to advance to Employee any expenses (including attorneys’ fees) incurred by Employee in defending any civil, criminal, administrative or investigative action, suit or
proceeding, to the extent related to Employee’s position with Company (as described in Section 3) or providing services on behalf of Holdings, prior to the final disposition of such action, suit or proceeding; provided, that Employee must
agree in writing to repay such advanced amounts if it is ultimately determined that Employee was found guilty of a criminal act, the defense of which with respect to which the advancement was made, or not entitled to indemnification from Company
with respect to such action, suit or proceeding under applicable law. 

11.        Withholding: No Mitigation.  Company’s
obligations to pay Employee the compensation and make the arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstance, including any set off, counterclaim, recoupment, defense or other right that
Company may have against Employee or anyone else, except that Company may cease making any future severance and non-competition payments under Section 7 in the event that Employee violates any of the restrictive covenants of Section 9, and
except as provided in Section 12. Company shall have the right to withhold all applicable federal, state or local taxes on any amount paid or payable under this Agreement. Each and every payment that Company makes under this Agreement shall be
final, and Company will not seek to recover all or any part of any payment from Employee or from whosoever may be entitled to the payment, for any reason whatsoever; provided, however, that the foregoing shall not be construed to limit
Company’s rights or remedies under law or contract (including pursuant to Section 12 hereof), or in equity. Employee shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any
provision of this Agreement, and except as otherwise provided herein, the obtaining of any such other employment shall in no event affect Company’s obligations to make the payments that this Agreement requires. 

12.        Clawback.  In the event that the Board of Directors
of the Company hereafter adopts a “clawback policy” relating to, among other things, the repayment or disgorgement to Company upon certain triggering events of compensation paid to Employee and/or profits earned by Employee in sales of
securities, which policy is separately approved in writing by Company and Employee, such policy shall be deemed incorporated by reference into this Agreement and the terms of this Agreement shall thereafter be subject to the provisions of such
policy. 

  
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 13.        Mutual
Nondisparagement.  Employee agrees to refrain from making any statements about Holdings, Company or their respective officers or directors that would disparage, or reflect unfavorably upon the image or reputation of Holdings, Company
or any such officer or director. Holdings and Company agree to refrain from making any statements about Employee that would disparage, or reflect unfavorably upon the image or reputation of Employee. 

14.        Notices.  All notices and other communications
hereunder shall be in writing and shall be deemed to have been given if delivered personally or sent by facsimile transmission or overnight courier. Any such notice shall be deemed given when so delivered personally or sent by facsimile transmission
(provided that a confirmation copy is sent by overnight courier) or one (1) day after deposit with an overnight courier, as follows: 
 To Company: 
 NPC International, Inc. 

7300 West 129th Street 
 Overland Park, Kansas 66213 
 With a copy
to: 
 BAML Capital Partners 

4 World Financial Center FL 23 
 New York, New York 10080 
 Facsimile: (212) 449-3576

 Attention:  Christopher J. Birosak; 

and to 
 Shearman & Sterling LLP 
 599 Lexington Avenue

 New York, NY 10022-6069 

Facsimile: (212) 848-7179 
 Attention:  John A. Marzulli Jr., Esq. and Christa A. D’Alimonte, Esq. 
 To Employee: 
 At the last address on file with Company
counsel 
 15.        Entire Agreement.  This Agreement
contains the entire agreement between the parties hereto with respect to the matters contemplated herein and supersedes all prior agreements or understandings among the parties related to such matters. 

16.        Binding Effect.  Except as otherwise provided herein,
this Agreement shall be binding upon and inure to the benefit of Holdings, Company and their respective successors and assigns and upon Employee. “Successors and assigns” shall mean, in the case of Holdings and Company, any successor
pursuant to a merger, consolidation, or sale, or other transfer of all or substantially all of the assets or interests of Holdings or Company, as applicable. 

  
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 17.        No
Assignment.  Except as contemplated by Section 16 above, this Agreement shall not be assignable or otherwise transferable by either party. 
 18.        Amendment or Modification; Waiver.  No provision of this Agreement may be amended or waived unless such amendment or waiver is
authorized by the Compensation Committee of the Board and is agreed to in writing, signed by Employee and by a duly authorized officer of Company, and shall not be binding upon Holdings without its written consent. Except as otherwise specifically
provided in this Agreement, no waiver by any party hereto of any breach by the other party hereto of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of a similar or dissimilar provision or
condition at the same or at any prior or subsequent time. 

19.        Dispute Resolution.  Any dispute or controversy
arising under or in connection with this Agreement, Employee’s employment or termination of employment by Company or Employee’s rights, compensation or benefits under this Agreement or any benefit plan (a “Dispute”) shall be
settled in accordance with the procedures described in this Section 19. 

19.1.        First, the parties shall attempt in good faith to
resolve any Dispute promptly by negotiations between Employee and executives or directors of Company or Holdings, as the case may be, who have authority to settle the Dispute (the “Representatives”). Either party may give the other
disputing party written notice of any Dispute not resolved in the normal course of business. Within five (5) days after the effective date of that notice, Employee and Representative shall agree upon a mutually acceptable time and place to meet
and shall meet at that time and place, and thereafter as often as they reasonably deem necessary, to exchange relevant information and to attempt to resolve the Dispute. The first of those meetings shall take place within thirty (30) days of
the effective date of the disputing party’s notice. If the Dispute has not been resolved within sixty (60) days of the disputing party’s notice, or if the parties fail to agree on a time and place for an initial meeting within five
(5) days of that notice, either party may initiate mediation and arbitration of the Dispute as provided hereinafter. If a negotiator intends to be accompanied at a meeting by an attorney, the other negotiators shall be given at least three
(3) business days’ notice of that intention and may also be accompanied by an attorney. All negotiations pursuant to this Section 19 shall be treated as compromise and settlement negotiations for the purposes of applicable rules of
evidence and procedure. 
 19.2.        Second, if the
Dispute is not resolved through negotiation as provided in Section 19.1, either disputing party may require the other to submit to non-binding mediation with the assistance of a neutral, unaffiliated mediator. If the parties encounter
difficulty in agreeing upon a neutral, they shall seek the assistance of JAMS in the selection process. 
 19.3.        Any Dispute that has not been resolved by the non-binding procedures provided in Sections 19.1 and 19.2 within ninety (90) days of the
initiation of the first of the procedures shall be finally settled by arbitration conducted expeditiously in accordance with the commercial arbitration rules of JAMS or of such similar organization as the parties may mutually agree; provided, that
if one party has requested the other to 

  
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participate in a non-binding procedure and the other has failed to participate within thirty (30) days of the written request, the requesting party may initiate arbitration before the
expiration of the period. The arbitration shall be conducted by three independent and impartial arbitrators. Employee shall appoint one arbitrator, Company shall appoint a second arbitrator, and the first two arbitrators selected shall appoint a
third arbitrator. The arbitration shall be held in Overland Park, Kansas. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. The arbitrators shall award the prevailing party in the arbitration its costs and
expenses, including reasonable attorney’s fees, incurred in connection with the Dispute. 

19.4.        Notwithstanding the dispute resolution provisions of
this Section 19, either party may bring an action in a court of competent jurisdiction in an effort to enforce the provisions of this Section 19. 
 20.        Fees and Expenses.  If either party institutes any action or proceedings to enforce any rights the party has under this Agreement, or
for damages by reason of any alleged breach of any provision of this Agreement, or for a declaration of each party’s rights or obligations hereunder or to set aside any provision hereof, or for any other judicial remedy, the prevailing party
shall be entitled to reimbursement from the other party for its costs and expenses incurred thereby, including, but not limited to, reasonable attorneys’ fees and disbursements. 

21.        Governing Law.  The validity, interpretation,
construction, performance and enforcement of this Agreement shall be governed by the internal laws of the State of Kansas. 
 22.        Titles.  Titles to the Sections in this Agreement are intended solely for convenience and no provision of this Agreement is to be
construed by reference to the title of any Section. 

23.        Counterparts.  This Agreement may be executed in one
or more counterparts, which together shall constitute one agreement. It shall not be necessary for each party to sign each counterpart so long as each party has signed at least one counterpart. 

24.        Severability.  Any term or provision of this
Agreement which is invalid or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this
Agreement or affecting the validity or enforceability of any of the terms and provisions of this Agreement in any other jurisdiction. 
 25.        Management Option Plan and Option Agreement.  Holdings and Employee acknowledge that Employee has been granted options to purchase Units
pursuant to the NPC Acquisition Holdings, LLC Management Option Plan (“Option Plan”) and has entered into an Option Agreement (“Option Agreement”) in connection therewith. Contained within Section 2(18) is a definition of
“Good Reason,” which affects, pursuant to the Option Plan and Option Agreement, the Purchase Price that Employee is to be paid for the Units covered by the option pursuant to Section 9 of the Option Plan. In connection therewith, with
respect to Employee only, Holdings and Employee agree that the definition of Good Reason applicable to Employee pursuant to the Option Plan and the Option Agreement shall be changed to the same definition of Good Reason contained within
Section 7.4(b) of this Agreement. 

  
 13 

 26.      Section 409A. 

26.1.        It is the intent of the parties that the provisions of this
Agreement comply with Section 409A of the Internal Revenue Code and the treasury regulations and guidance issued thereunder (“Section 409A”) and that this Agreement be interpreted and operated consistent with such requirements of
Section 409A in order to avoid the application of additive income taxes under Section 409A (“409A Penalties”). To the extent that a payment, or the settlement or deferral thereof, is subject to Section 409A, except as
Employee and Company otherwise determines in writing, the payment shall be paid, settled or deferred in a manner that will meet the requirements of Section 409A, such that the payment, settlement or deferral shall not be subject to the 409A
Penalties. 
 26.2.        Except as otherwise expressly provided
herein, to the extent any expense reimbursement or the provision of any in-kind benefit under this Agreement is determined to be subject to Section 409A, the amount of any such expenses eligible for reimbursement, or the provision of any
in-kind benefit, in one calendar year shall not affect the expenses eligible for reimbursement in any other calendar year (except for any life-time or other aggregate limitation applicable to medical expenses), in no event shall any expenses be
reimbursed after the last day of the calendar year following the calendar year in which Employee incurred such expenses, and in no event shall any right to reimbursement or the provision of any in-kind benefit be subject to liquidation or exchange
for another benefit. 
 26.3.        To the extent that
(a) Company’s common stock is publicly traded on an “established securities market” as defined in Treasury Regulations § 1.897-1(m), and (b) Employee would otherwise be entitled to any payment or benefit under this
Agreement or any plan or arrangement of Company or its affiliates, that constitutes “deferred compensation” subject to Section 409A and that if paid during the six months beginning on the date of Employee’s termination of
employment would be subject the 409A Penalties because Employee is a “specified employee” (within the meaning of Section 409A and as determined from time to time by Company), the payment will be paid to Employee on the earliest of the
six-month anniversary of the termination of employment, a change in ownership or effective control of Company (within the meaning of Section 409A) or Employee’s death. 

26.4.        Notwithstanding any provision of this Agreement, (a) this
Agreement shall not be amended in any manner that would cause (i) this Agreement or any amounts or benefits payable hereunder to fail to comply with the requirements of Section 409A, to the extent applicable, or (ii) any amounts or
benefits payable hereunder that are not subject to Section 409A to become subject thereto (unless they also are in compliance therewith), and the provisions of any purported amendment that may reasonably be expected to result in such
non-compliance shall be of no force or effect with respect to this Agreement and (b) if any provision of this Agreement would, in the reasonable, good faith judgment of Company, result or likely result in the imposition on Employee or any other
person of any adverse consequences under Section 409A, Company may reform this Agreement, or any provision thereof, without Employee’s consent, in the manner that Company reasonably and in good faith determines to be necessary or

  
 14 

 
advisable to avoid the imposition of such penalty tax; provided, however, that any such reformation shall, to the maximum extent Company reasonably and in good faith determines to be possible,
retain the economic and tax benefits to Employee hereunder, while not materially increasing the cost to Company of providing such benefits to Employee. 

  
 15 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and
Restated Employment Agreement as of the day and year first set forth above. 
  

			
	 NPC INTERNATIONAL, INC.

		
	 By:
	 	   /s/ James K. Schwartz

		 	 Name: James K. Schwartz

		 	Title: President, Chief Executive Officer and Chief Operating Officer
	
	 NPC ACQUISITION HOLDINGS, LLC

	 (for the limited purposes of Sections 4.3, 10, 13, 16, 19 and 25 only)

		
	 By:
	 	   /s/ Christopher J. Birosak

		 	 Name: Christopher J. Birosak

		 	Title: Executive Vice President and Chief Financial Officer
	
	   /s/ Troy D. Cook

	 Troy D. Cook

  
 16 

 EXHIBIT A 
 NPC ACQUISITION HOLDINGS, LLC 
 MANAGEMENT OPTION PLAN 

SECTION 1.    Purpose.  The NPC Acquisition Holdings, LLC Management Option Plan is intended to
provide a means whereby NPC Acquisition Holdings, LLC, a Delaware limited liability company (the “Company”), may, through the issuance of matching options on purchased Common Units and the grant of options (each, an
“Option”) with respect to Common Units to Participants, attract and retain such Participants and motivate them to exercise their best efforts on behalf of Company and its Affiliates. The Plan is intended to allow Participants to
participate in equity value creation and to align the incentives between Participants and Company. 

SECTION 2.  Definitions.  As used in this Plan, the following terms shall have the meanings set forth
below: 
 (1)        Affiliate.  With respect to any person or entity,
any other person or entity that directly or indirectly controls, is controlled by or is under common control with, such first person or entity. For the purposes of this definition, “control” (including, with correlative meanings, the terms
“controlling,” “controlled by” and “under common control with”), as applied to any person or entity, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and
policies of that person or entity, whether through the ownership of voting securities, by contract or otherwise. 
 (2)            Board.  The Managing Member of Company, or its designees. 

(3)            Beneficiary.  The individual
identified in writing by the Participant to receive benefits hereunder in the event of the Participant’s death. A Participant may at any time change his beneficiary designation without notice to, or consent of, any previously designated
Beneficiary, by giving prior written notice to Company, such notice to be effective on the date it is received by Company. In the event a Participant has not designated a Beneficiary at the time of his death, his estate shall be deemed his
Beneficiary. 

(4)            Cause.  Means:  
(i) Participant’s misappropriation of funds, embezzlement or fraud in the performance of his duties, (ii) the continued failure or refusal of Participant (following written notice thereof) to carry out in any material respect any
reasonable request of the Board for the provision of services, (iii) the material breach of any material provision of any employment agreement or of any NPC International policy regarding acts of moral turpitude, dishonesty, theft or unethical
business conduct, or (iv) the entering of a plea of guilty or nolo contendere to, or the conviction of Participant of, a felony. 
 (5)            Code.  The U.S. Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder.

  
 A-1

(6)            Committee.    The
Compensation Committee of the Board, or if none, the Board. 

(7)            Common
Units.    Have the meaning ascribed to such term in the LLC Agreement, or any other securities into which such interests shall thereafter be changed by reason of a recapitalization, merger, consolidation, equity split,
combination, exchange of interests or the like. 

(8)            Change in Control.  The first
of any of the following events to occur after the Effective Date: 

(i)        any independent third party (which shall exclude any Affiliates of
Company) (x) by merger or otherwise is or becomes the direct beneficial owner of more than 50% of the combined voting power of the then-outstanding securities of Company, NPC International or any other entity all or substantially all of whose
assets consist of all the outstanding equity interests of Company or NPC International, or (y) has the right to appoint a majority of the members of the Board, in each case other than by a merger or other transaction in which the unitholders of
Company immediately prior to the merger own a majority of the equity interests of the surviving entity or its parent; or 
 (ii)        Company or NPC International adopts a plan of complete liquidation (other than a liquidation into any Company Affiliate) of Company or NPC International
or consummates the sale or disposition by Company or NPC International of all or substantially all of Company’s assets to an independent third party. 
 (9)              Disability.    The existence of an illness or incapacity (either physical or mental)
which, in the reasonable opinion of a Qualified Physician, is likely to be of such character or severity that the Participant would be unable to resume devoting substantially his full normal working time to his employment for a period of at least
six (6) consecutive months. 

(10)            Effective
Date.    Means the Closing Date as defined in the Stock Purchase Agreement. 

(11)            Eligible Employees.  The
individuals selected by unanimous approval of the Committee in its sole discretion. 

(12)            Equity
Securities.    Has the meaning ascribed to such term in Rule 405 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), as in effect on the date hereof, and in any event includes any common
stock, any limited partnership interest, any limited liability company interest and any other interest or security having the attendant right to vote for directors or similar representatives. 

(13)            Executive
Management.    Means any of the following officers of the NPC International: the chief executive officer, the chief operating officer, the chief financial officer, the vice president of human resources, and the vice president
of marketing. 

  
 A-2

(14)            Fair Value Price.  The price
per Common Unit as of the date of determination, determined by the Committee pursuant to a formula based upon NPC International’s consolidated earnings from continuing operations before interest, taxes and depreciation or amortization for the
four full fiscal quarters ending immediately preceding the date of determination multiplied by 6.0, less funded net debt, plus proceeds from the exercise of options, divided by the Fully Diluted Outstanding. Adjustments to the Fair Value Price may
be made, in the sole discretion of the Committee, to account for a full year effect of acquisitions and divestitures, and for other extraordinary gains or losses. 

(15)            Franchise
Agreements.    Means any location, territory or other franchise agreement pursuant to which the Franchisor has granted Company or any Subsidiary of Company the right to own and/or operate restaurants. 

(16)            Franchisor.  Means Pizza
Hut, Inc. or its Affiliates. 

(17)            Fully Diluted
Outstanding.    Means the total number of Common Units in Company, including Common Units underlying Options granted under the Plan, calculated on a fully diluted basis. 

(18)            Good Reason.  The
occurrence, without the Participant’s prior written consent, of any one or more of the following: 

(i)        The assignment to the Participant of duties inconsistent with those
set forth in any applicable employment agreement then in effect; 

(ii)        In the case of any member of Executive Management, the relocation of
the principal place of employment to a location more than 35 miles from the current principal place of employment; 
 (iii)       A significant reduction in the Participant’s annual bonus opportunity; and 

(iv)      NPC International’s material breach of any material provision of any
employment agreement with Participant; 
 provided, in any case, that NPC International shall have 30
days from the date on which it receives Participant’s notice of termination for Good Reason to remedy any occurrence constituting Good Reason; provided further however, that in no circumstances shall an event constitute
Good Reason if it would create an inappropriate acceleration of payment that could give rise to adverse tax consequences to a Participant under Section 409A of the Code. 

(19)            LLC
Agreement.    Means the Amended and Restated Limited Liability Company Agreement of Company, to be entered into at the Closing, as the same may be amended from time to time in accordance with its terms; provided,
however, that the LLC Agreement may only be amended in accordance with Section 15.12 of the LLC Agreement. 

  
 A-3

(20)            NPC Holdings Equity
Investment.    The amount of the aggregate equity investment in Company at the Closing, including, without limitation, the Hawk-Eye Roll-Over Amount as defined in the Stock Purchase Agreement. 

(21)            NPC
International.    NPC International, Inc., a Kansas corporation, and its successors. 

(22)            Original Purchase
Price.  Means $1 per Common Unit. 

(23)            Participant.  Each Eligible
Employee who is granted an Option pursuant to the Plan. 

(24)            Plan.    This NPC
Acquisition Holdings, LLC Management Option Plan, as amended from time to time. 

(25)            Qualified Physician.  An
impartial physician competent to diagnose and treat the illness or condition which the Participant is believed to be suffering, selected by NPC International and reasonably acceptable to the Participant (or if the Participant is then incapable of
acting for himself, the Participant’s personal representative), who shall have personally examined the Participant and shall have personally reviewed the Participant’s relevant medical records; provided, however, that NPC International
shall bear the costs of such Qualified Physician’s services and the Participant agrees to submit to an examination by such Qualified Physician and to the disclosure of the Participant’s relevant medical records to such Qualified Physician.

(26)            Retirement.  Means the
voluntary termination of service by a Participant at or after age 60. 

(27)            Stock Purchase
Agreement.    The Stock Purchase Agreement, dated as of March 3, 2006, by and among the Stockholders of NPC International, Company and NPC International. 

(28)            Subsidiary.  A Subsidiary of
any person shall mean any 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 of determination owned or
controlled, directly or indirectly, collectively or individually, by such person or by one or more Subsidiaries of such person; and 
 (ii)       if a partnership, association, limited liability company or other entity, (A) the general partner or similar managing entity, and (B) a majority of
the partnership, membership or other similar ownership interest thereof is at the time of determination beneficially owned or controlled, directly or indirectly, collectively or individually, by such person or by one or more Subsidiaries of such
person. For purposes of the Plan, Company and its Subsidiaries shall be deemed to own a majority ownership interest in any partnership, association, limited liability company or other entity if Company or its Subsidiaries shall control the general
partner or managing member or managing director of any such entity. 

  
 A-4

 SECTION 3.    Administration.    The
Plan shall be administered by the Committee. The Committee shall have full authority, subject to the terms of the Plan, to select the Eligible Employees to be granted Options under the Plan, to grant Options on behalf of Company (including any
re-issuances of Options as contemplated by Section V), and to set the date of grant and the other terms and conditions of such Options. The Committee may correct any defect, supply any omission and reconcile any inconsistency in this Plan and
in any Option granted hereunder in the manner and to the extent it shall deem desirable. The Committee also shall have the authority to establish such rules and regulations, not inconsistent with the provisions of the Plan, for the proper
administration of the Plan, and to amend, modify or rescind any such rules and regulations, and to make such determinations and interpretations under, or in connection with, the Plan, as it deems necessary or advisable. All such rules, regulations,
determinations and interpretations shall be final, binding and conclusive upon all persons having an interest in the Plan. Notwithstanding anything to the contrary in this Plan, the discretion and authority of the Committee shall be subject to such
degree of oversight of the Board as it deems appropriate. Furthermore, notwithstanding anything to the contrary in this Plan, the determination by the Committee on any matter relating to the selection of Eligible Employees or Participants, the grant
of Options or the terms and conditions of Options shall be made by the approval of the Committee. 
 Subject to compliance with
the express provisions hereof, the Board and the Committee may act in their absolute discretion in matters within their authority related to this Plan. In making any determination or in taking or not taking any action under this Plan, the Committee
or the Board, as the case may be, may obtain and may rely upon the advice of experts, including employees of and professional advisors to Company. The Committee may delegate ministerial, non-discretionary functions to individuals who are officers or
employees of Company. 
 No member of the Board or the Committee shall be liable for any action or determination made in good
faith with respect to the Plan or any Option granted under it. 

SECTION 4.    Eligibility.  Eligible Employees shall be eligible to receive Options under the
Plan. Eligible Employees who have been granted an Option under the Plan shall be referred to as “Participants.” More than one Option may be granted to a Participant under the Plan. 

SECTION 5.  Number of Common Units Authorized.  Options may be granted under the Plan with respect to a
maximum number of 8% of the Common Units as of the Effective Date (the “Plan Limit”); provided that such Plan Limit shall be subject to adjustment as hereinafter provided in Section 12. Series A Options will
represent approximately 3% of the Common Units, consisting of matching Options as to 1% of the Common Units which shall vest immediately upon issuance (the “Non-Time Vesting Series A Options”) and Options as to 2% of the Common Units
which are subject to the time vesting provisions of Section 8(D)(i)(a) (“Time Vesting Series A Options”). A Non-Time Vesting Series A Option shall be awarded in respect of every two Common Units purchased by a Participant.
Series B Options will represent the remaining 5% of the Common Units comprising the Plan Limit. (The Non-Time Vesting Series A Options and the Time Vesting Series A Options are sometimes collectively referred to

  
 A-5

 
herein as the “Series A Options”). If any Option granted under the Plan expires, is cancelled, forfeited or otherwise terminates for any reason whatsoever without having been
exercised in full, the Common Units subject to the unexercised portion of such Option shall continue to be available for the granting of Options under the Plan as fully as if such Common Units had never been subject to an Option. 

SECTION 6.    Granting of Options.    From time to time until the expiration or
earlier suspension or discontinuance of the Plan pursuant to Section 13, the Committee may, on behalf of Company, grant to Eligible Employees under the Plan such Options as it determines are warranted, subject to the limitations of the Plan.
The granting of an Option under the Plan shall not be deemed either to entitle the Participant to, or to disqualify the Participant from, any participation in any other grant of Options under the Plan. 

SECTION 7.    Other Agreements.    Options granted under the Plan shall be evidenced
by written documents (“Option Agreements”). No Option grant shall be enforceable against Company until the Participant shall have executed, and agreed to be bound by, such Option Agreements. Upon exercise of any Option, the
Participant will be required to execute, and agree to be bound by the LLC Agreement. The Option Agreement and the LLC Agreement shall contain a covenant that provides that by accepting an Option and acquiring the underlying Common Units, the
Participant agrees to comply with all of the obligations required of a holder of any direct or indirect beneficial or legal ownership interest in Company under the terms of the Franchise Agreements. 

SECTION 8.  Terms and Conditions of Options.  Options granted under the Plan shall include expressly or
by reference the following terms and conditions, as well as such other terms and conditions as the Committee shall deem desirable: 
 (a) Number of Common Units.    The Option Agreement shall contain a statement of the number of Common Units to which the Option pertains, with a number of the Options designated
as Non-Time Vesting Series A Options, Time Vesting Series A Options and Series B Options. 
 (b) Exercise Price.  The exercise price per Option (the “Exercise Price”) for grants made at or about the time of Closing shall be (i) in the case of Series A
Options, the price determined by dividing the NPC Holdings Equity Investment by the number of outstanding common units (without regard to options) as of immediately following the Closing (as defined in the Stock Purchase Agreement), and (ii) in
the case of Series B Options, two times the Exercise Price of the Series A Options. Thereafter, the Exercise Price shall be established in the Committee’s sole discretion. Notwithstanding any of the foregoing, in no event shall the
Exercise Price be less than the “fair market value” of the underlying Common Units, as determined in accordance with Section 409A of the Code and any other applicable law, regulation or accounting rule. 

(c) Subject to earlier termination as provided below, the term of each Option shall be ten
(10) years from the date of grant (the “Grant Date”). The Grant Date of each Option shall be as soon as practicable following the Closing for the initial grants, and otherwise as determined by the Committee. 

  
 A-6

 (d) Vesting of Options. 

(1)       General Rule.  Except for the Non-Time Vesting
Series A Options or as otherwise expressly provided herein, the vesting of Options requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the
rights and benefits thereunder. Employment or service for only a portion of a vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon
or following a termination of employment or services as set forth in the Plan. Subject to the terms and conditions of the Plan, Options other than Non-Time Vesting Series A Options shall vest in accordance with the following schedule:

 (A)        Time Vesting Series A Options shall vest over a five
year period, as to 20% of the Common Units annually on each anniversary of the Closing, subject to the Participant’s continued service and shall accelerate on the occurrence of a Change in Control; and 

(B)        Series B Options shall vest only upon the occurrence of a
Change in Control on or prior to the expiration of the Option. Notwithstanding the foregoing, with respect to any Option that is subject to Section 409A of the Code and payment or settlement of the Option is to be accelerated in connection with
the Change in Control, no Change in Control will be deemed to have occurred for purposes of the Plan and any Option Agreement unless such event(s) also constitutes a “change in the ownership,” “change in the effective control,”
or a “change in the ownership of a substantial portion of the assets” of the Company or NPC International, as applicable, as defined under Section 409A of the Code. 

(2)       Forfeiture upon Termination for Cause.  If a
Participant’s employment by or service with the Company (and its Subsidiaries) is terminated for Cause, both the vested and the non-vested portion of his or her Option shall terminate on the date of such termination of employment or service.

 (e) Post-Termination Exercise Period.    If a Participant’s
employment by or service with Company (and its Subsidiaries) is terminated for any reason other than for Cause at any time prior to the date on which his or her Option is fully vested, the non-vested portion of such Option shall terminate on the
date of such termination of employment or service. The vested portion of the Option, to the extent not exercised within the 90-day period following the date of such termination shall terminate at the close of business on the last day of such 90-day
period. 
 (f) Method of Exercising Option; Payment Amount.  An Option, to the
extent vested and exercisable, may be exercised, in whole or in part, from time to time until the expiration or termination of the Option, by giving written notice of exercise (the “Exercise Notice”) to the Company at its principal office,
which notice shall specify the number of Options subject to the Exercise Notice, and tendering payment of the Exercise 

  
 A-7

 
Price. The Committee shall determine the various methods by which the Exercise Price may be paid and the form of payment, which at the Participant’s election shall be either cash or Common
Units, and the methods by which Common Units shall be delivered or deemed to be delivered to Participants. 
 (g) Non-Transferability.  No Option shall be assignable or transferable by the Participant, and during the lifetime of the Participant, the Option shall be exercisable only by him or her
or by his or her guardian or legal representative. 
 (h) Resale
Restrictions.  Common Units acquired upon exercise of Options have not been, and will not be, registered under the Securities Act, or under any state securities laws. Such Common Units may not be resold in the United States unless so
registered or pursuant to an applicable exemption from registration. In addition, such Common Units may not be sold or otherwise transferred except in accordance with any transfer and ownership restrictions contained in the LLC Agreement, the
Franchise Agreements and any other policies between the Company or any of its Affiliates and the Franchisor, and such Common Units shall bear any restrictive legends required by the LW Agreement and such Franchise Agreements. 

(i) Rights as a Holder.  A Participant shall have no rights as a holder with respect to
any Common Units covered by his or her Option until the Participant becomes a holder of such common units. Except as provided in Section 12, no adjustment shall be made for dividends or other rights as a holder with respect to such Common
Units. 
 SECTION 9.  Mandatory Calls.  Upon the occurrence of a Call Event (as defined in the
LLC Agreement), the Company shall require the Participant to sell all, but not less than all, and Company shall purchase all, but not less than all, of the Participant’s then-vested Options in an amount equal to the product of (A) the
difference between (i) the lower of (x) the Original Purchase Price and (y) the Fair Value Price as of the date of termination, and (ii) the Exercise Price, times (B) the number of Common Units covered by such Options;
provided, however, that upon the occurrence of a Call Event due to the Participant’s death, Disability, Retirement, termination of the employment of a Participant without Cause or resignation with Good Reason, the price paid for
the then-vested Options shall be an amount equal to the product of (A) the difference between (i) the greater of the Original Purchase Price and the Fair Value Price as of the date of death, Disability, Retirement, termination without
Cause or resignation with Good Reason, and (ii) the Exercise Price, times (B) the number of Common Units covered by such Options. 

SECTION 10.  Compliance with Legal Requirements and Debt Instruments. 

(a)        Legal Requirements.    The grant of Options
and any payment in respect of Common Units and the other obligations of the Company under this Plan shall be subject to all applicable federal and state laws, rules and regulations and to such approvals by any regulatory or governmental agency,
including, without limitation, rules and regulations of the Securities and Exchange Commission or the applicable rules and regulations of any securities exchange or inter-deal quotation system on which securities of Company are listed or traded as
may be required. Common Units shall not be issued unless the 

  
 A-8

 
exercise of such Option and the issuance and delivery of such Common Units pursuant thereto shall comply with all relevant provisions of law, including, without limitation, the Securities Act,
and the rules and regulations promulgated thereunder, and all applicable state securities laws. The Board, in its sole discretion, may postpone the issuance or delivery of any securities as the Board may consider appropriate and may require a
Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of any such securities in compliance with applicable laws, rules and regulations. 

(b)        Credit Agreement Limitations.    The
Company may delay any cash payment with respect to all or a portion of any Option or Common Unit that could cause or be reasonably likely to cause, a default or an event of default of Company under any guarantee or other agreement under which the
Company, or any of its Affiliates has borrowed money or guaranteed any such loan, or if such cash payment would constitute or is reasonably likely to constitute a breach, or result in a default or an event of default of the Company under such
agreement, until such time as the payment can be made without such breach or default. In such event, the Company shall issue a promissory note to the Participant in an amount equal to the obligation. 

(c)        Franchise Agreement Requirements.    The
grant of Options and any payment in respect of Common Units and the other obligations of the Company under this Plan shall be subject to the obligations of the Company under the Franchise Agreements. Common Units shall not be issued unless the
exercise of such Option and the issuance and delivery of such Common Units pursuant thereto shall comply with all relevant provisions of the Franchise Agreements and any other policies of the Franchisor with respect to transfer or ownership of
Common Units. The Board, in its sole discretion, may postpone the settlement of any Option as the Board may consider appropriate and may require a Participant to make such representations and furnish such information as it may consider appropriate
in connection with the issuance or delivery of any such securities in compliance with the Franchise Agreements. 

(d)        No Disadvantage to Management
Unitholders.    This Section 10 of the Plan shall be administered by the Committee in a manner that does not disadvantage the management unitholders disproportionately to the other unitholders. 

SECTION 11.    Tax Withholding.    The obligation of Company to deliver any Common
Units shall be subject to all applicable federal, state, local and foreign tax withholding requirements. If the exercise of any Option is subject to the withholding requirements of applicable federal, state, local or foreign tax laws, the Committee,
in its discretion (and subject to such withholding rules as shall be adopted by the Committee), may permit the Participant (or the Participant’s persona] representative or Beneficiary, as the case may be) to pay or provide for payment in cash,
or by delivery of Common Units owned by the Participant, the amount of any taxes that Company determines it may be required to withhold with respect to such exercise. 

  
 A-9

 SECTION 12.  Capital Adjustments. 

(a)        Dilution and other Adjustments.    In the
event the outstanding Common Units shall be changed due to a reclassification, recapitalization, merger, dividend, equity split or any other transaction, the Plan Limit and the number of Common Units and the Exercise Price under outstanding Options
shall be proportionately adjusted to reflect such event, and the Board shall make such adjustments as it deems appropriate and equitable in the number and kind of securities subject to the Option, and as to any other matters which relate to Options
and that are affected by the events referred to above. Such adjustments shall be final, conclusive and binding for all purposes. 
 (b)        Effect of Reorganization.    In the event that (i) the Company is merged or consolidated with another entity,
(ii) all or substantially all the assets of the Company are acquired by another corporation, person or entity, or (iii) the Company is reorganized, dissolved or liquidated (each such event in (i), (ii) or (iii) being hereinafter
referred to as a “Reorganization Event”), then the Committee may in its sole discretion, subject to any other provisions of the Plan applicable to such Reorganization Event, make upon consummation of such Reorganization Event any or
all of the adjustments described in Section 12(a) as are necessary or advisable in the sole discretion of the Committee to provide the Participant with an economic benefit that is not materially different from that to which he would have been
entitled had such event not occurred (as determined by the Committee in its sole discretion). 

(c)        Certain Other Adjustments.  On a Change in Control, a
Reorganization Event or any other similar transaction that the Committee in its sole discretion determines is subject to this Section I2(c), the Committee may in its sole discretion convert outstanding Options into (i) shares of common
stock or other equity securities or equity-related interests (including options or phantom units) of the Company or another entity that is a party to (or an Affiliate of such party) such transaction or (ii) cash or cash equivalents, provided
that any such conversion provides the Participant with an economic benefit that is not materially different from that to which he would have been entitled had such conversion not occurred (as determined by the Committee in its sole discretion).

 (d)        Certain Adjustments to Performance
Goals.    The Committee may in its sole discretion, adjust any performance goals to reflect any material and non-recurring non-operational items that are beyond the control of NPC International’s management. 

SECTION 13.    Amendment or Discontinuance of the Plan.    The Board may, at any
time, terminate, discontinue, amend, modify or suspend the Plan in whole or in part. No Options may be granted during any suspension of this Plan or after termination of this Plan, but the Committee shall retain jurisdiction as to Options then
outstanding in accordance with the terms of this Plan. Notwithstanding the foregoing, no such termination, suspension, modification, discontinuance or amendment shall materially impair the rights of any holder of an outstanding Option without the
consent of such holder; provided, however, that the Board or Committee shall have broad authority to amend the Plan or any Option granted under the Plan without the consent of the holder thereof to the extent necessary or desirable to comply with,
or take into account changes in, applicable tax laws, securities laws, accounting rules, employment laws and other applicable laws, rules and regulations. 

  
 A-10

 SECTION 14.  Rights.  Neither the adoption of the Plan nor
any action of the Board or the Committee shall be deemed to give any individual any right to be granted an Option, or any other right hereunder. Nothing contained in this Plan (or in any other documents under this Plan or in any Option) shall confer
upon any Participant any right to continue in the employ or other service of the Company or any Subsidiary of the Company, constitute any contract or agreement of employment or other service or affect a Participant’s status as an employee at
will, nor shall interfere in any way with the right of the Company or any Subsidiary to change a person’s compensation or other benefits, or to retire a Participant at any time pursuant to its retirement rules or otherwise to terminate his or
her employment or service at any time for any reason whatsoever. Nothing in this Section 14, however, is intended to adversely affect any express independent right of such person under a separate employment or service contract, other than an
Option Agreement. 
 SECTION 15.  Indemnification of Board and Committee.  Without limiting any
other rights of indemnification which they may have from the Company and any of its Affiliates, the members of the Board and the members of the Committee shall be indemnified by the Company against all costs and expenses reasonably incurred by them
in connection with any claim, action, suit, or proceeding to which they or any of them may be a party by reason of any action taken or failure to act under, or in connection with, the Plan, or any Option granted thereunder, and against all amounts
paid by them in settlement thereof (provided such settlement is approved by legal counsel selected by the Company) or paid by them in satisfaction of a judgment in any such action, suit, or proceeding, except a judgment based upon a finding of
willful misconduct or recklessness on their part. Upon the making or institution of any such claim, action, suit, or proceeding, the Board or Committee member shall notify the Company in writing, giving the Company an opportunity, at its own
expense, to handle and defend the same before such Board or Committee member undertakes to handle it on his or her own behalf. 

SECTION 16.  Termination of Plan.  Unless earlier terminated pursuant to Section 13, the Plan and
all authority granted hereunder shall terminate absolutely at 12:00 midnight on May 3, 2016, and no Options hereunder shall be granted thereafter, but previously granted Options shall remain outstanding in accordance with their applicable terms
and conditions and the terms and conditions of the Plan. 
 SECTION 17.  Governing Law;
Severability.  The laws of the state of Delaware shall govern the operation of, and the rights of Participants under, the Plan, the Option Agreements and any Options granted thereunder. If a court of competent jurisdiction holds any
provision invalid and unenforceable, the remaining provisions of this Plan shall continue in effect. 

SECTION 18.  Section 409A of the Code.  Notwithstanding any contrary provision in the Plan or an
Option Agreement, if any provision of the Plan or an Option Agreement contravenes any regulations or guidance promulgated under Section 409A of the Code or could cause an Option to be subject to the interest and penalties under
Section 409A of the Code, such provision of the Plan or any Option Agreement may be modified by Company without consent of the Participant to maintain, to the maximum extent practicable, the original intent of the applicable provision without
violating the provisions of Section 409A of the Code. Moreover, any discretionary authority that the Board or Committee may have pursuant to the Plan shall not be applicable to an Option that is subject to Section 409A of the Code, to the
extent such discretionary authority will contravene Section 409A of the Code or the regulations or guidance promulgated thereunder. 

  
 A-11

 SECTION 19.    No Corporate Action
Restriction.    The existence of this Plan, the Option Agreements and the Options granted hereunder shall not limit, affect or restrict in any way the right or power of the Board or the members of the Company to make or
authorize: (a) any adjustment, recapitalization, reorganization or other change in the capital structure or business of the Company or any Affiliate, (b) any merger, amalgamation, consolidation or change in the ownership of the Company or
any Affiliate, (c) any issue of bonds, debentures, capital, preferred or prior preference securities ahead of or affecting the equity securities (or the rights thereof) of the Company or any Affiliate, (d) any dissolution or liquidation of
the Company or any Affiliate, (e) any sale or transfer of all or any part of the assets or business or securities of Company or any Affiliate, or (f) any other corporate act or proceeding by the Company or any Affiliate. No Participant,
Beneficiary or any other person shall have any claim under any Option or Option Agreement against any member of the Board or the Committee, or the Company or any employees, officers or agents of the Company or any Affiliate, as a result of any such
action. 
 SECTION 20.  Other Company Benefit and Compensation Programs.  Payments and other
benefits received by a Participant under an Option granted pursuant to this Plan shall not be deemed a part of a Participant’s compensation for purposes of the determination of benefits under any other employee welfare or retirement benefit
plans or other arrangements, if any, provided by the Company or any Affiliate, except as may be required under such plans or by law. Options under this Plan may be made in addition to, in combination with, as alternatives to or in payment of grants,
awards or commitments under any other plans or arrangements of Company or its Affiliates. 
 SECTION 21.  Plan
Not Funded; Transferability.  No Participant, Beneficiary or other person shall have any right, title or interest in any fund or in any specific asset of the Company by reason of any Option. Neither the provisions of this Plan (or of
any related documents), nor the creation or adoption of this Plan, nor any action taken pursuant to the provisions of this Plan shall create, or be construed to create, a trust or escrow of any kind or a fiduciary relationship between the Company
and any Participant, Beneficiary or other person. To the extent that a Participant, Beneficiary or other person acquires a right to receive payment pursuant to any Option hereunder, such right shall be no greater than the right of any unsecured
general creditor of the Company. At the time of payment to Participants, all Common Units so paid shall be validly issued. 

SECTION 22.  Headings.  Headings are given to the sections and subsections of this Plan solely as a
convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Plan or any provision thereof. 

  
 A-12

 EXHIBIT B 
 Description of Perquisites for Term 
  

	1.	 Use of Company airplane for up to fifty (50) hours per year, which is acknowledged to constitute compensation reportable in Form W-2.

  

	2.	 A matching gift on a dollar-for-dollar basis of up to $10,000 annually made to organizations qualifying under Section 501(c)(3) of the Internal
Revenue Code of 1986, as amended. 

  

	3.	 A complete bi-annual medical examination at the Cooper Clinic in Dallas, Texas and associated travel expenses. 

 

	4.	 The other benefits made available to Employee by Company as of the Effective Date that have been disclosed to the Purchaser (as defined in the Stock
Purchase Agreement), which are the same as those provided to rank and file employees. 

  

	5.	 Tax, financial planning and legal services in an aggregate amount not to exceed $10,000 for each year during the Term. 

  
 B-1

 EXHIBIT C 
 Excepted Investments and Activities 
  

	A.	 Investments, Monitoring Thereof, and Related Activities: 

 

	 	1.	 Oread Holdings, LLC (manager of NPC Capital Partners) 

(a)        NPC Capital Partners, LLC and NPC Capital Partners II, LLC, provided
further that in no event shall NPC Capital Partners LLC or NPC Capital Partners II, LLC invest in any business or entity that is engaged in any activity prohibited in Section 9.1 of the Employment Agreement to which this Exhibit C forms a part.

 (i)        Tuck away Shawnee (a multi-family housing complex in
Shawnee, Kansas) 
 (ii)        Hutton Farms (a multi-family housing
complex in Lawrence, Kansas) 
 (iii)       Hutton Farms West (a new housing
development in Lawrence, Kansas) 
 (iv)       Wasatch Valley Pizza, LLC
(Pizza Hut franchise in Salt Lake City), to the extent of the investment as of the date hereof ONLY, with any further investment therein being prohibited 
 (v)        Nexus Medical (a medical device company in Lenexa, Kansas), Nexus Medical Contract Manufacturing, LLC, and Site Securement, LLC 

(b)        Oread Capital Partners LLC (75% owner of Hawk Eye Pizza LLC)

  

	B.	 Board Memberships: 

 Various Boards of organizations associated with the University of Kansas 
 Future memberships on Boards, or committee of Boards, of for-profit and not-for-profit entities that are not competitors of Company and do not require a material amount of Employee’s working time, in
each case after consulting with Company and seeking its consent to serve in that capacity, which consent shall not be unreasonably withheld. 

  
 C-1

 EXECUTION VERSION 

EXHIBIT D 

Calculation of Bonus Compensation 
 1.          Certain Definitions. 
 (a)        “Adjusted EBITDA” of the Company and its subsidiaries for an applicable fiscal year shall mean their consolidated net income plus
(i) interest, (ii) income taxes, (iii) depreciation and amortization, (iv) facility impairment charges, (v) pre-opening expenses, (vi) transaction costs incurred for acquisitions (expensed in accordance with ASC 805),
(vii) non-cash equity-based compensation expense (expensed in accordance with ASC 718) and (viii) the annual advisory fee paid to Merrill Lynch Global Private Equity (now BAML Capital Partners) and its affiliates by the Company and its
subsidiaries, in each case on a consolidated basis for that fiscal year.

(b)        “Adjusted EBITDA Bonus Compensation” for an applicable fiscal year shall
mean the bonus compensation earned by Employee based upon Adjusted EBITDA performance relative to the Adjusted EBITDA Performance Target for that fiscal year. 
 (c)        “Adjusted EBITDA Performance Target” for an applicable fiscal year shall mean the Adjusted EBITDA performance target for Employee for that
fiscal year that has been approved as provided in Section 8 below. 

(d)        “Departmental Performance Bonus Compensation” for an applicable fiscal year
shall mean the bonus compensation earned by Employee based upon the performance of the following departments supervised by Employee: (i) IT (Information Technology) group; (ii) CMC (call centers); and (iii) RSC (Restaurant Service
Center). 
 (e)        “EBITDA” for an applicable fiscal year shall mean the
consolidated net income plus interest, income taxes, depreciation and amortization of the Company and its subsidiaries on a consolidated basis for that fiscal year. 
 (f)        “FCF Bonus Compensation” for an applicable fiscal year shall mean the bonus compensation earned by Employee based upon Free Cash Flow
performance relative to the FCF Performance Target for that fiscal year. 

(g)        “FCF Performance Target” for an applicable fiscal year shall mean the Free
Cash Flow performance target for Employee for that fiscal year that has been approved as provided in Section 8 below. 

(h)        “Free Cash Flow” of the Company and its subsidiaries for an applicable
fiscal year shall mean EBITDA less (i) cash taxes (i.e. actual federal and state tax generated on income less deductions earned for that fiscal year, excluding the effect of refunds from prior years received in that fiscal year), (ii) cash
interest (i.e. interest expense less non-cash debt issue amortization expense) and (iii) capital expenditures, in each case on a consolidated basis for that fiscal year. 
 (i)        “Revenue Bonus Compensation” for an applicable fiscal year shall mean the bonus compensation earned by Employee based upon Revenue performance
relative to the Revenue Performance Target. 

  
 D-1

 (j)        “Revenue Performance Target”
for an applicable fiscal year shall mean the Revenue performance target for Employee for that fiscal year that has been approved as provided in Section 8 below. 
 (k)        “Revenues” for an applicable fiscal year shall mean the sum of the product net sales, miscellaneous fee income and customer delivery charges of
Company and its subsidiaries on a consolidated basis for that fiscal year. 

2.         Bonus Compensation.  Employee’s Bonus Compensation for a
fiscal year shall equal Employee’s Adjusted EBITDA Bonus Compensation (if any), plus Employee’s FCF Bonus Compensation (if any), plus Employee’s Revenue Bonus Compensation (if any), plus Employee’s Departmental Performance Bonus
Compensation (if any), for that fiscal year. 
 3.         Aggregate Bonus
Target Payout.  Until changed by written agreement of Company and Employee, Employee’s Bonus Compensation target payout for each fiscal year shall be 60% of Base Salary, and shall be comprised of the following bonus objectives and
target payouts of the Bonus Compensation: 
  

					
	 Bonus Objective
  
	  	 Target Bonus Payout
  
	  	 
	 Adjusted EBITDA
	  	 30% of Base Salary (“Adjusted EBITDA Target Bonus
Payout”)
  
	  	
	 Revenues
	  	 12% of Base Salary (“Revenue Target Bonus
Payout”)
  
	  	
	 Free Cash Flow
	  	 12% of Base Salary (“FCF Target Bonus
Payout”)
  
	  	
	 Departmental Performance
	  	 6% of Base Salary (“Departmental Bonus
Payout”)
  
	  	

 4.        Bonus for Adjusted EBITDA
Performance.  Until changed by written agreement of Company and Employee, Employee’s Adjusted EBITDA Bonus Compensation for achievement of Adjusted EBITDA performance objectives shall be earned based upon the amount of Adjusted
EBITDA for such fiscal year, as follows: 
  

			
	
Amount of Adjusted EBITDA for
 Fiscal Year
  
	  	 Percentage of Adjusted EBITDA

    Target Bonus Payout Earned

 

	
Less than 90% of Adjusted EBITDA
Performance Target
  
	  	0% of Adjusted EBITDA Target Bonus Payout
	 90.0% to 94.99%
of Adjusted
EBITDA Performance Target
  
	  	50% to 74.99% of Adjusted EBITDA Target Bonus Payout
	 95.0% to 99.99%
of Adjusted
EBITDA Performance Target
  
	  	75% to 99.99% of Adjusted EBITDA Target Bonus
Payout

  
 D-2

			
	 100.0% to 104.99% of Adjusted
EBITDA Performance Target

 
	  	100% to 124.99% of Adjusted EBITDA Target Bonus
Payout
	 105.0% to
109.99% of Adjusted
EBITDA Performance Target
  
	  	125% to 149.99% of Adjusted EBITDA Target Bonus Payout
	 110% and
greater of Adjusted
EBITDA Performance Target
  
	  	150% of Adjusted EBITDA Target Bonus Payout

 The amount of bonus earned shall be determined based upon the amount of Adjusted EBITDA within a specific range,
and the amount of such bonus shall be determined by interpolation on a straight-line basis within the applicable range. For purposes of illustration only, the following are examples of computation of Adjusted EBITDA Bonus Compensation earned based
upon Adjusted EBITDA performance: (i) if Adjusted EBITDA for a fiscal year is 86% of the Adjusted EBITDA Performance Target, no bonus will be earned for Adjusted EBITDA performance, (ii) if Adjusted EBITDA for a fiscal year is 97% of the
Adjusted EBITDA Performance Target, the bonus earned for Adjusted EBITDA performance will be 85% of the Adjusted EBITDA Target Bonus Payout (or .85 x 30% of Base Salary, or 25.5% of Base Salary), (iii) if Adjusted EBITDA for a fiscal year is
99% of the Adjusted EBITDA Performance Target, the bonus earned for Adjusted EBITDA performance will be 95.0% of the Adjusted EBITDA Target Bonus Payout (or .95 x 30% of Base Salary, or 28.5% of Base Salary), (iv) if Adjusted EBITDA for a
fiscal year is 107% of the Adjusted EBITDA Performance Target, the bonus earned will be 135% of the Adjusted EBITDA Target Bonus Payout (or 1.35 x 30% of Base Salary or 40.5% of Base Salary) and (v) if Adjusted EBITDA for a fiscal year is 109%
of the Adjusted EBITDA Performance Target, the bonus earned will be 145% of the Adjusted EBITDA Target Bonus Payout (or 1.45 x 30% of Base Salary or 43.5% of Base Salary). 
 5.        Bonus for Revenue Performance.  Until changed by written agreement of Company and Employee, Employee’s bonus compensation for
achievement of Revenue performance objectives shall be earned based upon the amount of Revenues for such fiscal year, as follows: 
  

			
	
  Amount of Revenues for Fiscal Year

 
	  	   Percentage of Revenue Target Bonus Payout Earned

 

	 Less than 90%
of Revenue
Performance Target
  
	  	0% of Revenue Target Bonus Payout
	 90.0% to 94.99%
of Revenue
Performance Target
  
	  	50% to 74.99% of Revenue Target Bonus Payout
	 95.0% to 99.99%
of Revenue
Performance Target
  
	  	75% to 99.99% of Revenue Target Bonus Payout
	 100.0% to
104.99% of Revenue
Performance Target
  
	  	100% to 124.99% of Revenue Target Bonus Payout
	 105.0% and
greater of Revenue
Performance Target
  
	  	125% of Revenue Target Bonus Payout

  
 D-3

  The amount of bonus earned shall be determined based upon the amount
of Revenues within a specific range, and the amount of such bonus shall be determined by interpolation on a straight-line basis within the applicable range. For purposes of illustration only, the following are examples of computation of Revenue
Bonus Compensation earned based upon Revenue performance: (i) if Revenues for a fiscal year are 86% of the Revenue Performance Target, no bonus will be earned for Revenue performance, (ii) if Revenues for a fiscal year are 96% of the
Revenue Performance Target, the bonus earned for Revenue performance will be 80% of the Revenue Target Bonus Payout (or .80 x 12% of Base Salary, or 9.6% of Base Salary), (iii) if Revenues for a fiscal year are 98% of the Revenue Performance
Target, the bonus earned for Revenue performance will be 90% of the Revenue Target Bonus Payout (or .90 x 12% of Base Salary, or 10.8% of Base Salary), (iv) if Revenues for a fiscal year are 104% of the Revenue Performance Target, the bonus
earned will be 120% of the Revenue Target Bonus Payout (or 1.20 x 12% of Base Salary or 14.4% of Base Salary) and (v) if Revenues for a fiscal year are 108% of the Revenue Performance Target, the bonus earned will be 125% of the Revenue Target
Bonus Payout (or 1.25 x 12% of Base Salary or 15.0% of Base Salary). 

6.        Bonus for Free Cash Flow Performance.  Until changed by written
agreement of Company and Employee, Employee’s FCF Bonus Compensation for achievement of Free Cash Flow performance objectives shall be earned based upon the amount of Free Cash Flow for such fiscal year, as follows: 

 

			
	 Amount of Free Cash
Flow
           for Fiscal
Year
  
	  	
  Percentage of FCF Target Bonus Payout Earned

	
Less than 90% of FCF Performance
Target

 
	  	0% of FCF Target Bonus Payout
	 90.0% to 94.99%
of FCF
Performance Target
  
	  	50% to 74.99% of FCF Target Bonus Payout
	 95.0% to 99.99%
of FCF
Performance Target
  
	  	75% to 99.99% of FCF Target Bonus Payout
	 100.0% to
104.99% of FCF
Performance Target
  
	  	100% to 124.99% of FCF Target Bonus Payout
	 105.0% and
greater of FCF
Performance Target
  
	  	125% of FCF Target Bonus Payout

 The amount of bonus earned shall be determined based upon the amount of Free Cash Flow within a specific range, and
the amount of such bonus shall be determined by interpolation on a straight-line basis within the applicable range. For purposes of illustration only, the 

  
 D-4

 
following are examples of computation of FCF Bonus Compensation earned based upon Free Cash Flow performance: (i) if Free Cash Flow for a fiscal year is 86% of the FCF Performance Target, no
bonus will be earned for Free Cash Flow performance, (ii) if Free Cash Flow for a fiscal year is 96% of the FCF Performance Target, the bonus earned for Free Cash Flow performance will be 80% of the FCF Target Bonus Payout (or .80 x 12% of Base
Salary, or 9.6% of Base Salary), (iii) if Free Cash Flow for a fiscal year is 98% of the FCF Performance Target, the bonus earned for Free Cash Flow performance will be 90% of the FCF Target Bonus Payout (or .90 x 12% of Base Salary, or 10.8%
of Base Salary), (iv) if Free Cash Flow for a fiscal year is 104% of the FCF Performance Target, the bonus earned will be 120% of the FCF Target Bonus Payout (or 1.20 x 12% of Base Salary or 14.4% of Base Salary) and (v) if Free Cash Flow
for a fiscal year is 108% of the FCF Performance Target, the bonus earned will be 125% of the FCF Target Bonus Payout (or 1.25 x 12% of Base Salary or 15.0% of Base Salary). 
 7.        Bonus for Departmental Performance.  Until changed by written agreement of Company and Employee, Employee’s Departmental Performance
Bonus Compensation shall be based upon the performance of the following departments supervised by Employee: (i) IT (Information Technology) group; (ii) CMC (call centers); and (iii) RSC (Restaurant Service Center). 

8.        Bonus Determination.  The Adjusted EBITDA Performance Target, Revenue
Performance Target and FCF Performance Target for each fiscal year shall be based on the annual budget of Company for such year which, together with the performance goals and performance levels for Departmental Performance Bonus Compensation, must
be approved by the Board (and subject to the review of and consent by BAML Capital Partners). The Adjusted EBITDA Performance Target, Revenue Performance Target, FCF Performance Target and the performance goals and performance levels for
Departmental Performance Bonus Compensation for the relevant fiscal year that have been determined by the Board and consented to by BAML Capital Partners shall be furnished to Employee by March 15 of such year, which targets, goals and levels
shall remain in effect for the remainder of such fiscal year unless otherwise mutually agreed in writing by Employee and Company. 

  
 D-5Exhibit 10.1

 Exhibit 10.1 
 AGREEMENT AND PLAN OF MERGER 
 This Agreement and Plan of Merger
(“Agreement”) is dated as of February 21, 2011, between OMNI Bancshares, Inc. (“OMNI”), a bank holding company with principal offices in Metairie, Louisiana, and IBERIABANK Corporation (“IBKC”), a bank holding
company with principal offices in Lafayette, Louisiana. 
 RECITALS 

1. The Board of Directors of each party hereto believes that the transactions described in this Agreement are in the best interests of
such party and its shareholders. 
 2. By virtue of the reorganization that is effectuated by this Agreement, OMNI will be
merged with and into IBKC, and except as provided in this Agreement, the then outstanding shares of OMNI Common Stock will be converted into shares of IBKC Common Stock. 
 3. The Merger is subject to prior OMNI shareholder and regulatory approvals and the prior satisfaction of certain other conditions set forth in this Agreement. 

4. The parties hereto intend that the reorganization contemplated by this Agreement qualify for federal income tax purposes as a tax-free
reorganization under the Internal Revenue Code of 1986, as amended. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and of the mutual warranties, representations, covenants and agreements set
forth herein, and for other good and valuable consideration the receipt and sufficiency of which are acknowledged, the parties to this Agreement agree as follows: 
 SECTION I. 
 DEFINITIONS 

Except as may otherwise be provided in this Agreement, the capitalized terms set forth below shall have the following respective
meanings, in their singular or plural forms as applicable: 
 1.1 “Acquisition Proposal” – shall mean any
tender offer or exchange offer or any proposal for a merger, acquisition of all of the capital stock or assets of, share exchange, or other business combination involving the acquisition of OMNI or any of its Subsidiaries or the acquisition of a
substantial equity interest in, or a substantial portion of the assets of, OMNI or any of its Subsidiaries, or any public announcement of a proposal, plan or intention to do any of the foregoing or any agreement to engage in any of the foregoing,
other than the transactions contemplated under this Agreement. 
 1.2 “Agreement” – this Agreement and
Plan of Merger, including any amendment hereto. 
 1.3 “LBCL” – the Louisiana Business Corporation Law.

 1.4 “BHC Act” – the federal Bank Holding Company Act of 1956. 

1.5 “Business Day” – Monday through Friday of each week, except a legal holiday recognized as such by the U.S.
Government or any day on which banking institutions in the state of Louisiana is authorized or obligated to close. 

 1.6 “Certificates” – the certificates representing shares of OMNI
Common Stock on or prior to the Effective Date. 
 1.7 “Closing” – the closing of the transactions
contemplated hereunder as described in Section 3.1 of this Agreement. 
 1.8 “Code”– the Internal
Revenue Code of 1986, as amended. 
 1.9 “Effective Date” – the date and time at which the Merger becomes
effective, as described in Section 3.2 of this Agreement. 
 1.10 “ERISA” – the Employee Retirement
Income Security Act of 1974, as amended. 
 1.11 “Exchange Agent” – IBKC’s stock transfer agent or
such other third party experienced in the stock transfer business reasonably acceptable to OMNI which shall act as the exchange agent pursuant to Section 2.2(d) hereof. 
 1.12 “Exchange Ratio” – means shares of IBKC common stock, as may adjusted in accordance with Section 2.2(a) of this Agreement. 

1.13 “Federal Reserve” – the Board of Governors of the Federal Reserve System. 

1.14 “Financial Statements” – (i) the unaudited consolidated balance sheets (including related notes and
schedules, if any) of a Warrantor as of September 30, 2010 and the audited consolidated balance sheets (including related notes and schedules, if any) of a Warrantor as of December 31, 2009, and (ii) the related consolidated
statements of income (or statements of income and comprehensive income), changes in shareholders’ equity, and cash flows (including related notes and schedules, if any) for the respective periods then ended. 

1.15 “GAAP” – generally accepted accounting principles in the United States of America. 

1.16 “IBERIABANK” – IBERIABANK, a Louisiana banking corporation and a wholly owned subsidiary of IBKC. 

1.17 “IBKC” – IBERIABANK Corporation, a Louisiana corporation. 

1.18 “IBKC Common Stock” – the common stock, par value $1.00 per share, of IBKC. 

1.19 “Market Value” – the average of the daily weighted average trading prices of the IBKC Common Stock on the
NASDAQ Global Select Market (as calculated by Bloomberg Screen AQR) on each of the fifteen (15) trading days ending one (1) Business Day prior to the Effective Date. 
 1.20 “Material Adverse Effect” – with respect to a Warrantor, means any change, effect, event, occurrence or state of facts that (a) is, or would reasonably be expected to be,
materially adverse to the business, financial condition or results of operations of such Warrantor and its Subsidiaries taken as a whole, or (b) materially and adversely affects the ability of the Warrantor to perform its obligations hereunder
or materially and adversely affects the timely consummation of the transactions contemplated hereby; provided, however, that “Material Adverse Effect” shall not be deemed to include the impact of (i) any change in the value of
the securities or loan portfolio of the Warrantor, whether held as available for sale or held to maturity; (ii) any change, effect, event or occurrence relating to the announcement or performance of this Agreement and the transactions
contemplated hereby, including the expenses incurred by the Warrantor in consummating the transactions contemplated by this Agreement; (iii) with respect to OMNI and its Subsidiaries, any change, effect, event or occurrence resulting from any
action or omission taken with the prior consent of IBKC; (iv) any change in banking, or similar laws, rules or regulations of general applicability or interpretations thereof by courts or governmental authorities; (v) any change in GAAP or
regulatory accounting requirements applicable to banks or their holding companies generally; and (vi) the payment of any amounts due to, or the provision of any other benefits to, any directors, officers or

  
 - 2 -

 
employees of OMNI and its Subsidiaries pursuant to employment agreements, plans and other arrangements described in this Agreement. 

1.21 “Merger” – the merger of OMNI with and into IBKC. 

1.22 “Merger Agreement” – the Merger Agreement, substantially in the form attached hereto as Exhibit I,
providing for the Merger. 
 1.23 “Merger Consideration” – the aggregate of the IBKC Common Stock plus
that amount of cash paid in lieu of issuing any fractional share of IBKC Common Stock which would otherwise be distributable to an OMNI shareholder as determined under Section 2.2 hereof. 

1.24 “1933 Act” – the Securities Act of 1933, as amended. 

1.25 “1934 Act” – the Securities Exchange Act of 1934, as amended. 

1.26 “OMB” – OMNI Bank, a Louisiana banking corporation and a wholly owned subsidiary of OMNI. 

1.27 “OMNI” – OMNI Bancshares, Inc., a Louisiana corporation. 

1.28 “OMNI Common Stock” – the common stock, par value $1.00 per share, of OMNI. 

1.29 “Person” – any individual, bank, corporation, partnership, association, joint stock company, business trust,
limited liability company or unincorporated association. 
 1.30 “Proxy Statement” – the proxy or
information statement to be used by OMNI in connection with the Shareholders Meeting to consider and vote upon the transactions contemplated by this Agreement, together with any and all amendments or supplements thereto. 

1.31 “Registration Statement” – the Registration Statement on Form S-4 (or other appropriate form) and all
amendments and supplements thereto filed with the SEC by IBKC under the 1933 Act in connection with the transactions contemplated by this Agreement. 
 1.32 “Regulatory Authorities” – collectively, any federal or state banking, insurance, securities or other governmental or regulatory authority whose approval is necessary to
consummate the transactions contemplated by this Agreement. 
 1.33 “SEC” – the United States Securities
and Exchange Commission. 
 1.34 “SEC Documents” – all reports, proxy statements, registration statements
and other documents filed by any Warrantor pursuant to the Securities Laws. 
 1.35 “Securities Laws” –
the 1933 Act, the 1934 Act, the Investment Company Act of 1940, the Investment Advisors Act of 1940, the Trust Indenture Act of 1939, and the rules and regulations of the SEC under each of such acts. 

1.36 “Shareholders Meeting” – the meeting of the shareholders of OMNI to be held pursuant to Section 7.1(b) of
this Agreement, including any adjournments thereof. 
 1.37 “Subsidiaries” – all those corporations,
banks, savings banks, associations and other entities of which the Person in question owns or controls 100% of the outstanding equity securities either directly or through an unbroken chain of entities as to each of which 100% of the outstanding
equity securities is owned directly or indirectly by such Person; provided, however, there shall not be included any such entity acquired in good faith through foreclosure, or any such entity to the extent that the equity securities of such
entity are owned or controlled 

  
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in a bona fide fiduciary capacity, through a small business investment corporation or otherwise as an investment by an entity that invests in unaffiliated companies in the ordinary course of
business. 
 1.38 “Warrantor” – IBKC or OMNI, as the case may be. 

1.39 “Warrantor Benefit Plans” – the benefit plans of IBKC or OMNI, as defined in Section 5.11(a) of
this Agreement and as the context shall require, which shall depend on whether the Warrantor is IBKC or OMNI and shall correspond therewith. 
 1.40 “Warrantor Common Stock” – the IBKC Common Stock or the OMNI Common Stock, as the context shall require, which shall depend on whether the Warrantor is IBKC or OMNI and shall
correspond therewith. 
 1.41 “Warrantor Companies” – collectively, OMNI and all OMNI Subsidiaries
or, collectively, IBKC and all IBKC Subsidiaries, as the context shall require. 
 1.42 “Warrantor Financial
Statements” – the Financial Statements of Warrantor. 
 1.43 “Warrantor’s
knowledge”—the actual knowledge of the executive management of such Warrantor or the knowledge of the management of such Warrantor that should have been known in the normal and customary operation and administration of their respective
businesses and/or assets. 
 1.44 “Warrantor Real Property”—the real property owned by IBKC, and the real
property owned by OMNI a list of which is set forth on Schedule 1.44 attached hereto, and used in the conduct of its ordinary course of business as a financial institution. 
 1.45 “Warrantor Subsidiaries” – the Subsidiaries of OMNI or IBKC, as the context shall require, which shall include the Subsidiaries described in Section 1.37 of this Agreement
and any corporation, bank, savings bank, association or other entity that becomes or is acquired as a Subsidiary of a Warrantor in the future. 
 Other terms are defined as set forth below. 
 SECTION II. 

CERTAIN TRANSACTIONS AND TERMS OF MERGER 
 2.1 Merger. Subject to the terms and conditions of this Agreement, at the Effective Date, OMNI will be merged with and into IBKC in accordance with the Merger Agreement, this Agreement, and the
LBCL. 
 2.2 Conversion of OMNI Common Stock. 
 (a) Except for shares of OMNI Common Stock as to which dissenters’ rights have been perfected and not withdrawn or otherwise forfeited (“Dissenters’ Shares”) under the LBCL, and as
otherwise provided herein, at the Effective Date each outstanding share of OMNI Common Stock will be converted into the “Merger Consideration” pursuant to the Exchange Ratio set forth below: 

 

	 	(i)	0.3313 shares of IBKC Common Stock (to the nearest ten-thousandth of a share) to be exchanged for each share of OMNI Common Stock and cash (without interest)
payable with respect to any fractional share of IBKC Common Stock (as determined below); or 

  

	 	(ii)	if the Market Value is greater than $60.53 per share, the adjusted Exchange Ratio shall equal the quotient (to the nearest ten-thousandth of a share) obtained by
dividing $20.05 by the Market Value; or 

  

	 	(iii)	 if the Market Value is less than $54.77 per share, the adjusted Exchange Ratio shall equal

  
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the quotient (to the nearest ten-thousandth of a share) obtained by dividing $18.15 by the Market Value; plus 

 

	 	(iv)	in lieu of issuing any fractional share of IBKC Common Stock which would otherwise be distributable to an OMNI shareholder as determined following application of
Section 2.2(a)(i), (a)(ii) or (a)(iii) above, each holder of OMNI Common Stock who would otherwise be entitled thereto, after aggregating into whole shares all fractional shares of IBKC Common Stock to which such holder is entitled by virtue of
the Merger, upon surrender of the certificate(s) which represented OMNI Common Stock, will receive, without interest, cash equal to such fractional share multiplied by the Market Value. 

(b) Shares of OMNI Common Stock that are held by OMNI and any OMNI Subsidiary (other than shares held in a fiduciary capacity) shall not
be considered to be outstanding and shall be cancelled (and not converted) by virtue of the Merger at the Effective Date and without any further action by any party. 
 (c) If, before the Effective Date, IBKC should split, reclassify, recapitalize or combine the IBKC Common Stock, or pay a stock dividend in IBKC Common Stock, or otherwise change the IBKC Common Stock
into any other securities, or make any other dividend or distribution in respect of the IBKC Common Stock (other than normal cash dividends consistent with past practices as the same may be adjusted from time to time in accordance with or not in
violation of this Agreement), and the record date therefore is prior to the Effective Date, then the Exchange Ratios will be appropriately and proportionately adjusted to reflect such split, reclassification, recapitalization, combination, stock
dividend or other distribution or change. 
 (d) No later than the Effective Date, IBKC shall deposit, or shall cause to be
deposited, with the Exchange Agent for the benefit of the holders of OMNI Common Stock, for exchange in accordance with this Section 2.2, certificates and cash (in immediately available funds) representing the Merger Consideration to be paid.
After the Effective Date, each holder of OMNI Common Stock (other than Dissenters’ Shares), upon surrender of such holder’s Certificates in accordance herewith, will be entitled to receive the Merger Consideration into which such
holder’s shares have been converted. Until then, each Certificate for OMNI Common Stock will represent the Merger Consideration into which the shares of OMNI Common Stock represented thereby were converted, except that IBKC may refuse to pay
any dividend or other distribution payable to the holder of any unsurrendered Certificate for OMNI Common Stock (without any interest thereon) until surrender or if such dividend or distribution has reverted in full ownership to IBKC under its
Articles of Incorporation. Whether or not a Certificate for OMNI Common Stock is surrendered, after the Effective Date it will not represent any interest in any Person other than IBKC. 

(e) Prior to the Effective Date, IBKC or the Exchange Agent shall mail to each holder of record of a Certificate or Certificates a form
of letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon delivery of the Certificates to the Exchange Agent) and instructions for use in effecting the
surrender of the Certificates in exchange for the Merger Consideration into which the shares of OMNI Common Stock represented by such Certificate or Certificates shall have been converted pursuant to this Section 2.2. Upon proper surrender of a
Certificate for exchange and cancellation to the Exchange Agent, together with a properly completed letter of transmittal, duly executed, the holder of such Certificate shall be entitled to receive in exchange therefore (i) a certificate
representing that number of shares of IBKC Common Stock to which such former holder of OMNI Common Stock shall have become entitled pursuant to this Agreement and (ii) a check representing that amount of cash to which such former holder of OMNI
Common Stock shall have become entitled pursuant to this Agreement. 
 (f) In the event any Certificate shall have been lost,
stolen or destroyed, upon the making of an affidavit of that fact by the person claiming such Certificate to be lost, stolen or destroyed and the posting by such person of a bond in such amount as IBKC may reasonably direct as indemnity against any
claim that may be made against it with respect to such Certificate, the Exchange Agent will issue in exchange for such lost, stolen or destroyed Certificate the Merger Consideration deliverable in respect thereof. 

(g) If the Person surrendering a Certificate and signing the accompanying letter of transmittal is not the record holder thereof, then it
shall be a condition of the payment of the Merger Consideration that: (i) such 

  
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Certificate is properly endorsed to such Person or is accompanied by appropriate stock powers, in either case signed exactly as the name of the record holder appears on such Certificate, and is
otherwise in proper form for transfer, or is accompanied by appropriate evidence of the authority of the Person surrendering such Certificate and signing the letter of transmittal to do so on behalf of the record holder; and (ii) the person
requesting such exchange shall pay to the Exchange Agent in advance any transfer or other similar taxes required by reason of the payment to a Person other than the registered holder of the Certificate surrendered, or required for any other reason,
or shall establish to the satisfaction of the Exchange Agent that such tax has been paid or is not payable. 
 2.3 Employee
Agreements. 
 (a) Schedule 2.3(a) sets forth a list of all of the OMNI employee agreements (collectively, the
“Employment Agreements”) between OMNI or its applicable Subsidiary and their respective employees and the estimated amounts to be paid by OMNI or its applicable Subsidiary, at or immediately prior to the Effective Date, to the employees as
set forth on Schedule 2.3(a) pursuant to said Employment Agreements. At or prior to the Effective Date, OMNI or its applicable Subsidiary shall pay to the employees listed on Schedule 2.3(a) the amounts, without material deviation, as
set forth on Schedule 2.3(a) against delivery by each listed employee of an instrument in writing signed by the employee acknowledging (i) receipt of said payment as full payment for all amounts due and payable to such employee
thereunder and (ii) the termination of said Employment Agreement, effective immediately upon the execution and delivery of said acknowledgment. 
 (b) Schedule 2.3(b) sets forth a list of all of the Change of Control Agreements (collectively, the “COC Agreements”) which OMNI has or expects to enter into between OMNI (or its
applicable Subsidiary) and their respective employees and the estimated amounts to be paid by OMNI or its applicable Subsidiary, at or immediately prior to the Effective Date, to the employees as set forth on Schedule 2.3(b) pursuant to said
COC Agreements. At or prior to the Effective Date, OMNI or its applicable Subsidiary shall pay to the employees listed on Schedule 2.3(b) the amounts, without material deviation, as set forth on Schedule 2.3(b) against delivery by each
listed employee of an instrument in writing signed by the employee acknowledging (i) receipt of said payment as full payment for all amounts due and payable to such employee thereunder and (ii) the termination of said COC Agreement,
effective immediately upon the execution and delivery of said acknowledgment. 
 (c) Schedule 2.3(c) sets forth a list of
all of the Deferred Compensation Agreements (collectively, the “Deferred Comp Agreements”) which OMNI has or expects to enter into between OMNI (or its applicable Subsidiary) and their respective employees and the estimated amounts to be
paid by OMNI or its applicable Subsidiary, at or immediately prior to the Effective Date to the employees as set forth on Schedule 2.3(c) pursuant to said Deferred Comp Agreements. At or prior to the Effective Date, OMNI or its applicable
Subsidiary shall pay to the employees listed on Schedule 2.3(c) the amounts, without material deviation, as set forth on Schedule 2.3(c) against delivery by each listed employee of an instrument in writing signed by the employee
acknowledging (i) receipt of said payment as full payment for all amounts due and payable to such employee thereunder and (ii) the termination of said Deferred Comp Agreement, effective immediately upon the execution and delivery of said
acknowledgment. 
 (d) Schedule 2.3(d) sets forth a list of all of the Retention Agreements which OMNI has or expects to
enter into between OMNI (or its applicable Subsidiary) and their respective employees. 
 (e) Any payment under this
Section 2.3 shall be subject to compliance with Section 409A of the Code. 
 2.4 OMNI Stock Options. The OMNI
Amended and Restated Performance and Equity Incentive Plan, a copy of which is attached hereto as Schedule 2.4, shall continue in effect but no new additional awards shall be granted thereunder after the date hereof. If any options granted
under such plan are not exercised at the Effective Date, each holder of such options shall have such options converted into options respecting the shares of IBKC Common Stock upon the same terms and conditions applicable to such options immediately
prior to the Effective Date, except that the number of shares of IBKC Common Stock subject to options into which a holder shall have such OMNI options converted shall be equal to such number of shares of IBKC Common Stock into which the shares of
OMNI Common Stock subject to options and warrants would have been converted had such options for OMNI Common Stock been exercised by the holder at the Effective Date. Each holder shall pay an aggregate

  
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exercise price for the options to acquire IBKC Common Stock which shall be equal to the exercise price of the options respecting OMNI Common Stock which have been converted. In the case of any
option to which section 424 of the Code applies by reason of its qualification under section 422 of the Code, the option price, the number of shares issued pursuant to such option and the terms and conditions of exercise of such stock option shall
be determined in order to comply with section 424(a) of the Code. IBKC agrees that the IBKC Common Stock underlying such options shall be registered under federal and, if required, applicable state securities laws as soon as practicable subsequent
to the Effective Date. 
 SECTION III. 
 CLOSING AND EFFECTIVE DATE 
 3.1 Time and Place of Closing.

 (a) The Closing will take place on a mutually agreed upon Business Day within thirty (30) days, or such lesser number of
days as is reasonably practical, subsequent to the last of (i) the date of receipt of all required Regulatory Authorities’ approvals of the Merger and the expiration of all required waiting periods, and (ii) the date on which the
shareholders of OMNI approve this Agreement at the Shareholders Meeting to be held pursuant to Section 7.1(b) of this Agreement; or such other date as the parties hereto may mutually agree. If all conditions in Section VIII hereof are
satisfied, or waived by the party entitled to grant such waiver, at the Closing (i) the parties shall each provide to the other such proof of satisfaction of the conditions in Section VIII as the party whose obligations are conditioned upon
such satisfaction may reasonably request, (ii) the certificates, letters and opinions required by Section VIII shall be delivered, (iii) the directors and appropriate officers of the parties shall authorize, execute, deliver and
acknowledge the articles and certificate of merger, and (iv) the parties shall take such further action, including (without limitation) filing the Merger Agreement and any other necessary filings with the Secretary of State of Louisiana to
consummate the transactions contemplated by this Agreement. 
 (b) If on any date established for the Closing all conditions in
Section VIII hereof have not been satisfied or waived by each Warrantor entitled to grant such waiver, then either Warrantor, on one or more occasions, may declare a delay of the Closing of such duration, not exceeding ten (10) days, as the
declaring Warrantor shall select, but no such delay shall extend beyond the last date set forth in Section 9.1(c) without the written consent of the non-declaring party, whose consent may be withheld for any or no reason, and no such delay
shall interfere with the right of either Warrantor to declare a termination pursuant to Section IX. The place of Closing shall be at the office of IBKC set forth in Section 10.7. 

3.2 Effective Date. Subject to the satisfaction or waiver of the conditions set forth in Article VIII, the Merger shall
become effective upon the approval of the Merger by the Board of Governors of the Federal Reserve System and necessary filings with the Louisiana Secretary of State in accordance with the LBCL or such later date and time or may be set forth in such
filings (the time the Merger becomes effective being referred to as the “Effective Date”). 
 SECTION IV.

 MANAGEMENT AND RELATED MATTERS FOLLOWING MERGER 

4.1 Board of Directors and Officers of IBKC. At the Effective Date, the board of directors and officers of IBKC shall
consist of those persons serving as directors and officers of IBKC immediately prior to the Effective Date. 
 4.2
Board of Directors and Officers of OMNI Subsidiaries. At the Effective Date, the directors and officers of the OMNI Subsidiaries shall consist of those persons serving as directors and officers of IBKC prior to the Effective Date. 

  
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 4.3 Employees and Benefits. 

(a) The employees of OMNI and its Subsidiaries who remain employed after the Effective Date (“Continuing Employees”) shall be
given credit under each employee benefit plan, policy, program and arrangement maintained by IBERIABANK after the Closing for their service with OMNI or its Subsidiary prior to the Closing for all purposes, including severance, vacation and sick
leave, eligibility to participate, vesting, satisfying any waiting periods, evidence of insurability requirements, seniority or the application of any pre-existing condition limitations, other than benefit accrual under a defined benefit plan (as
defined in Section 3(35) of ERISA); provided, however, that accrued vacation taken subsequent to the Effective Date may be subject to such limitations as IBKC or IBERIABANK may reasonably require. Any employee of OMNI or its Subsidiaries
who does not remain employed by OMNI or its Subsidiaries after the Effective Date or does not receive a severance payment in connection with the Merger shall receive a severance payment as if he or she were an employee of IBKC for the entire time he
or she were an employee of OMNI. 
 (b) In the event of any termination of any OMNI or OMNI Subsidiary health plan
(collectively, a “OMNI health plan”), IBKC and IBERIABANK shall make available to Continuing Employees and their dependents, employer-provided health care coverage under health plans provided by IBKC and IBERIABANK. Unless a Continuing
Employee affirmatively terminates coverage under a OMNI health plan prior to the time that such Continuing Employee becomes eligible to participate in the IBKC health plan, no coverage of any of the Continuing Employees or their dependents shall
terminate under any of the OMNI health plans prior to the time such Continuing Employees and their dependents become eligible to participate in the health plans, programs and benefits common to all employees and their dependents of IBKC and
IBERIABANK. In the event IBKC terminates any OMNI health plan or consolidates of any OMNI health plan with any IBKC health plan, individuals covered by the OMNI health plan shall be entitled to immediate coverage under the IBKC health plan in
accordance with the Health Insurance Portability and Accountability Act of 1996, as amended, and the regulations issued thereunder, including limitations on pre-existing condition exclusions, nondiscrimination and special enrollment rights.

 4.4 Indemnification and Insurance. 
 (a) IBKC agrees that all rights to indemnification and all limitations of liability existing in favor of any director or officer of OMNI or any OMNI Subsidiary (the “Indemnified Parties”) as
provided in OMNI’s or the OMNI Subsidiary’s articles of incorporation or bylaws (including without limitation the right to the advancement of expenses) with respect to matters occurring on or prior to the Effective Date shall survive the
Merger and shall continue in full force and effect, without any amendment thereto, for a period of six (6) years from the Effective Date; provided, however, that all rights to indemnification in respect of any claim, suit, proceeding,
investigation, or other action (“Claim”) asserted or made within such period shall continue until the final disposition of such Claim; provided further, however, that nothing contained in this Section 4.4(a) shall be deemed to
preclude the liquidation, consolidation or merger of OMNI or any OMNI Subsidiary, in which case all of such rights to indemnification and limitations on liability shall be deemed to so survive and continue notwithstanding any such liquidation,
consolidation or merger and shall constitute rights which may be asserted against IBKC. Nothing contained in this Section 4.4(a) shall be deemed to preclude any rights to indemnification or limitations on liability provided in OMNI’s or
any OMNI Subsidiary’s articles of incorporation with respect to matters occurring subsequent to the Effective Date to the extent that the provisions establishing such rights or limitations are not otherwise amended to the contrary. 

(b) Any Indemnified Party wishing to claim indemnification under Section 4.4, upon learning of any claim, shall notify IBKC thereof
in writing as promptly as is practicable; provided, however, that failure to so notify IBKC shall not relieve IBKC from any liability that would otherwise arise under this Section 4.4 except to the extent such failure prejudices IBKC.
IBKC shall have the right to assume the defense thereof and shall not be liable for any expenses subsequently incurred by such Indemnified Party in connection with the defense thereof, except that if IBKC does not assume or continue to pursue such
defense, or counsel for the Indemnified Party advises in writing that issues raise conflicts of interest between IBKC and the Indemnified Party, then the Indemnified Party may retain counsel satisfactory to such Indemnified Party (and reasonably
satisfactory to IBKC) at IBKC’s expense; provided, however, that (i) IBKC shall not be obligated to pay for more than one counsel for all Indemnified Parties in any jurisdiction except as may be required due to conflicts of
interest; (ii) the Indemnified Parties will cooperate (to the extent reasonably appropriate under the circumstances) in the defense of any such claim; and (iii) IBKC shall 

  
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not be liable for any settlement effected without the prior written consent of IBKC, which consent may be withheld unless such settlement is reasonable in light of such claims, actions, suits,
proceedings or investigations against, and defenses available to, such Indemnified Party. 
 (c) OMNI will, for total premiums
not to exceed $752,000 (the “Maximum Amount”), purchase a continuation of their current directors and officers liability insurance for a coverage period of three (3) years after the Merger, provided that if the amount of the annual
premiums necessary to maintain or procure such insurance coverage exceeds the Maximum Amount, IBKC shall maintain the most advantageous policies of directors’ and officers’ insurance obtainable for an annual premium equal to the Maximum
Amount. 
 (d) If IBKC or any of its successors or assigns (i) reorganizes or consolidates with or merges into or enters
into another business combination transaction with any other Person or entity and is not the resulting, continuing or surviving corporation or entity of such reorganization, consolidation, merger or transaction or (ii) liquidates, dissolves or
transfers all or substantially all of its properties and assets to any Person or entity, then, and in each such case, proper provisions will be made so that such surviving corporation or transferee and its successors and assigns assume the
obligations of IBKC set forth in this Agreement. The obligations of IBKC under this Section 4.4 are intended to be for the benefit of, and enforceable against IBKC directly by, the Indemnified Parties and their heirs and representatives and
shall be binding on all respective successors and permitted assigns of IBKC. IBKC shall pay all reasonable costs, including attorneys’ fees, that may be incurred by any Indemnified Party in successfully enforcing the indemnity and other
obligations provided for in this Section 4.4 to the fullest extent permitted under applicable law. The rights of each Indemnified Party hereunder shall be in addition to any other rights such Indemnified Party may have under applicable law. The
provisions of this Section 4.4 shall survive the Effective Date. 
 SECTION V. 

REPRESENTATIONS AND WARRANTIES OF IBKC AND OMNI 
 IBKC and OMNI hereby represent and warrant to the other Warrantor, to the extent pertaining to itself, its Subsidiaries, and/or its business or affairs, subject to the standard set forth in
Section 5.21 hereof, that: 
 5.1 Organization, Standing, and Authority. Warrantor is a corporation duly organized,
validly existing, and in good standing under the laws of the state of Louisiana, and is duly qualified to do business and in good standing in the states of the United States and foreign jurisdictions where its ownership or leasing of property or the
conduct of its business requires it to be so qualified, except where the failure to be so qualified or in good standing would not have a Material Adverse Effect. Warrantor has corporate power and authority to carry on its business as now conducted
in all material respects, to own, lease and operate its assets, properties and business, and to execute and deliver, and to perform its obligations under, this Agreement. Warrantor is duly registered with the Federal Reserve as a bank holding
company under the BHC Act. Each of IBERIABANK and OMB is an “insured depository institution” as defined in the Federal Deposit Insurance Act and applicable regulations thereunder. 

5.2 Capital Stock. 
 (a) The authorized, issued and outstanding capital stock of Warrantor as of the date of this Agreement, the number of shares of Warrantor Common Stock reserved for issuance under the Warrantor Benefit
Plans as of such date and the number of shares of Warrantor Common Stock that are subject to outstanding stock options under such Warrantor Benefit Plans as of such date, are set forth in Schedule 5.2(a) that pertains to Warrantor. All of the
issued and outstanding shares of capital stock of Warrantor are duly and validly authorized and issued and are fully paid and non-assessable. None of the outstanding shares of the capital stock of Warrantor has been issued in violation of any
preemptive rights of the current or past shareholders of Warrantor. All of the IBKC Common Stock to be issued in exchange for OMNI Common Stock upon consummation of the Merger, when issued in accordance with the terms of this Agreement, will be duly
and validly authorized and fully paid and non-assessable. 
 (b) Except as set forth in Section 5.2(a), Section 6.1(e)
or Schedule 5.2(a), there are, as of the date of this Agreement and will be, at the Effective Date, no shares of capital stock or other equity securities of OMNI 

  
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outstanding and no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into or
exchangeable for, shares of the capital stock of OMNI or contracts, commitments, understandings or arrangements by which OMNI is or may be bound to issue additional shares of its capital stock or options, warrants or rights to purchase or acquire
any additional shares of its capital stock. 
 5.3 Subsidiaries. Schedule 5.3 lists all of the Subsidiaries
of Warrantor as of the date of this Agreement. Except as provided in Louisiana Revised Statutes 6:262, all of the shares of capital stock of IBERIABANK held by IBKC are fully paid and non-assessable and are owned by IBKC free and clear of any claim,
lien or encumbrance. Each Subsidiary of Warrantor is a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation, and is duly qualified to do business and in good standing in the jurisdictions
where its ownership or leasing of property or the conduct of its business requires it to be so qualified, except where the failure to be so qualified or in good standing would not have a Material Adverse Effect. Each of OMB and IBERIABANK has the
corporate power and authority necessary for it to own or lease its properties and assets and to carry on its business as it is now being conducted. 
 5.4 Authority. 
 (a) The execution and delivery of this Agreement and the
consummation of the transactions contemplated herein or therein, including the Merger, have been duly and validly authorized by all necessary corporate action on the part of Warrantor, subject, with respect to this Agreement, to the approval of the
shareholders of OMNI. This Agreement, subject to any requisite approval by OMNI’s shareholders, represents the valid and legally binding obligation of Warrantor, enforceable against Warrantor, in accordance with their respective terms, except
as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors’ rights generally and except that the availability of the equitable remedy of specific
performance or injunctive relief is subject to the discretion of the court before which any proceeding may be brought. 
 (b)
Neither the execution and delivery of this Agreement by Warrantor, nor the consummation by Warrantor of the transactions contemplated herein or therein, nor compliance by Warrantor with any of the provisions hereof or thereof, will (i) conflict
with or result in a breach of any provision of the articles of incorporation or by-laws of IBKC or OMNI, or (ii) except as set forth on Schedule 5.4(b), constitute or result in the breach of any term, condition or provision of, or
constitute a default under, or give rise to any right of termination, cancellation or acceleration with respect to, or result in the creation of any lien, charge or encumbrance upon any property or assets of Warrantor, pursuant to, any note, bond,
mortgage, indenture, license, agreement, lease or other instrument or obligation to which any of them is a party or by which any of them or any of their properties or assets may be subject, except such as individually or in the aggregate will not
have a Material Adverse Effect, or (iii) subject to receipt of the requisite approvals, authorizations, filings, registrations and notifications referred to in Section 8.5 of this Agreement, violate any order, writ, injunction, decree,
statute, rule or regulation applicable to Warrantor, or any of its properties or assets. 
 (c) Other than in connection or
compliance with the provisions of applicable state corporate and securities laws, the Securities Laws and the rules and regulations thereunder, and other than consents, authorizations, approvals or exemptions required from Regulatory Authorities, no
notice to, filing with, authorization of, exemption by or consent or approval of any public body or authority is necessary for the consummation by Warrantor of the Merger and the other transactions contemplated by this Agreement. 

(d) The Board of Directors of each of the parties hereto (at a meeting duly called and held prior to the execution of this Agreement) has
by requisite vote (i) determined that the Merger is in the best interests of such party and its shareholders, (ii) authorized and approved this Agreement and the transactions contemplated hereby, including the Merger, and (iii) in the
case of OMNI’s Board of Directors only, has directed that the Merger be submitted for consideration to OMNI’s shareholders at the Shareholders Meeting. 
 5.5 Financial Statements; Accounting. Prior to the execution of this Agreement, each Warrantor has delivered to the other Warrantor its Warrantor Financial Statements through the period
ended September 30, 2010, and each Warrantor will promptly deliver when available copies of such Warrantor Financial Statements in respect 

  
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of periods ending after September 30, 2010. Each of the Warrantor Financial Statements (as of the dates thereof and for the periods covered thereby): (i) is (and, in the case of
Warrantor Financial Statements in respect of periods ending after September 30, 2010, will be) in accordance with the books and records of the Warrantor, and have been and will continue to be maintained in accordance with GAAP (except as
permitted by Regulation S-X of the SEC), in all material respects, and (ii) except as permitted by Regulation S-X of the SEC, presents (and, in the case of Warrantor Financial Statements in respect of periods ending after September 30,
2010, will present) fairly in all material respects the consolidated financial position and the consolidated results of operations, changes in Shareholders’ equity and cash flows of the Warrantor as of the dates and for the periods indicated,
in all material respects in accordance with GAAP applicable to financial institution holding companies applied on a basis consistent with prior periods, except as otherwise described (subject in the case of interim financial statements to normal
year-end adjustments and the absence of footnotes). 
 5.6 Absence of Undisclosed Liabilities. Except as set forth in
Schedule 5.6, neither Warrantor has any obligation or liability (contingent or otherwise) that is material, either individually or in the aggregate, to the financial condition, results of operations or, to the Warrantor’s knowledge,
business prospects of the Warrantor on a consolidated basis, or that when combined with all similar obligations or liabilities would, either individually or in the aggregate, be material to the financial condition, results of operations or, to the
Warrantor’s knowledge, business prospects of the Warrantor on a consolidated basis, except (i) as reflected in the Warrantor Financial Statements delivered prior to the date of this Agreement, (ii) as reflected by this Agreement, or
(iii) for commitments and obligations made, or liabilities incurred, since September 30, 2010, in the ordinary course of its business consistent with past practices. 
 5.7 Tax Matters. 
 (a) All material federal, state, local and
foreign tax returns required to be filed by or on behalf of Warrantor have been timely filed or requests for extensions have been timely filed, granted and have not expired. All taxes shown on filed returns have been paid, except for taxes which are
being contested in good faith or have not yet been fully determined. There is no audit examination, deficiency, refund litigation or matter in controversy with respect to any taxes, except as reserved against in the Warrantor Financial Statements or
as set forth on Schedule 5.7(a). All taxes, interest, additions and penalties which are material in amount and which are due with respect to completed and settled examinations or concluded litigation have been paid or adequately reserved for.

 (b) Except as set forth on Schedule 5.7(b), Warrantor has not executed an extension or waiver of any statute of
limitations on the assessment or collection of any tax due that is currently in effect. 
 (c) Adequate provision for any
federal, state, local or foreign taxes due or to become due for Warrantor for any period or periods through and including December 31, 2010 has been made and is reflected in the Warrantor Financial Statements, and will be made through and
including the Closing. 
 (d) Deferred taxes of the Warrantor Companies have been provided for in accordance with GAAP.

 5.8 Loans, Reserves, and Investments. 
 (a) All loans (including discounts) and financing leases in which Warrantor is lessor (collectively, “Credits”) reflected in the Warrantor Financial Statements were (i) made for adequate
consideration in the ordinary course of business, (ii) evidenced by instruments that were true and genuine, and (iii) if secured, secured by valid perfected security interests. An accurate trial balance of all such Credits of OMNI and of
the investment portfolio as of January 31, 2011 has been previously delivered to IBKC. 
 (b) The aggregate allowances for
losses on Credits and other real estate and foreclosed assets owned reflected on the latest Warrantor Financial Statement delivered on or prior to the date of this Agreement were, as of the date of such Financial Statements and will be, at the
Closing, adequate, as of the respective dates of the Financial Statements, in accordance with regulatory guidelines and GAAP in all material respects. 
 5.9 Properties and Insurance. Except as set forth on Schedule 5.9 or as reserved against in the Warrantor Financial Statements, Warrantor, has good and, as to real property, marketable
title, free and clear of all material 

  
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liens, encumbrances, charges or defaults of any character, to all of the material properties and assets, tangible or intangible, reflected in the Warrantor Financial Statements as being owned by
the Warrantor as of the dates thereof. For purposes of the Warrantor’s representations and warranties contained in this Section 5.9, any reference to real property shall only relate to the Warrantor Real Property. To Warrantor’s
knowledge, (i) all buildings and all fixtures, equipment and other property and assets which are material to its business on a consolidated basis and are held under leases or subleases by the Warrantor are held under valid leases or subleases
enforceable in accordance with their respective terms (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors’ rights generally and except
that the availability of the equitable remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceedings may be brought); and (ii) the policies of fire, theft, liability, fidelity and
other insurance maintained with respect to the assets or businesses of the Warrantor provide adequate coverage against loss. 

5.10 Compliance with Laws. Except as set forth in Schedule 5.10, each Warrantor and the Warrantor Subsidiaries:

 (a) Is, to its knowledge, in compliance in all material respects with all laws, regulations, reporting and licensing
requirements and orders necessary for it to own or lease its properties and assets and to carry on its business as it is now conducted in all material respects; 
 (b) Has received no notification or communication from any Regulatory Authority (i) threatening to revoke any license, franchise, permit or governmental authorization which is material, either
individually or in the aggregate, to the financial condition, results of operations or, to the Warrantor’s knowledge, business prospects of the Warrantor on a consolidated basis or the ability of the Warrantor to consummate the transactions
contemplated under this Agreement, under the terms hereof and thereof, or (ii) requiring Warrantor (or any of its officers, directors or controlling Persons) to enter into a cease and desist order, agreement or memorandum of understanding (or
requiring the board of directors thereof to adopt any resolution or policy); and 
 (c) Has complied in all material respects
with the Community Reinvestment Act (“CRA”) and the rules and regulations thereunder, and has a CRA rating of not less than “satisfactory”. 
 5.11 Employee Benefit Plans. 
 (a)(i) Warrantor has delivered or made
available to the other Warrantor, prior to the execution of this Agreement, copies of each pension, retirement, profit sharing, supplemental or excess retirement, stock option, stock purchase, savings, employee stock ownership, restricted stock,
phantom stock, stock ownership, life insurance, disability, vacation pay, severance pay (including, without limitation change of control or golden parachute arrangements), incentive, deferred compensation, bonus or benefit arrangement, health or
hospitalization program, fringe benefit or perquisite arrangement or other similar plan as in effect on the date of this Agreement, including, without limitation, any “employee benefit plan”, as that term is defined in Section 3(3) of
ERISA, in respect of any of the present or former directors, officers, other employees or independent contractors of, or dependents, spouses or other beneficiaries of any of such directors, officers, other employees or independent contractors of,
any of the Warrantor Companies (collectively, the “Warrantor Benefit Plans”), and (ii) OMNI and the OMNI Subsidiaries have delivered or made available to IBKC, prior to the execution of this Agreement, copies of each employment or
consulting agreement as in effect on the date of this Agreement which provides any benefit or perquisites to or in respect of any of the present or former directors or officers of, or dependents, spouses or other beneficiaries of any of such
directors or officers of, OMNI and the OMNI Subsidiaries, which employment and consulting agreements are, with respect to OMNI and the OMNI Subsidiaries, included in the term “Warrantor Benefit Plans” as defined above. Any of the Warrantor
Benefit Plans which is an “employee pension benefit plan,” as that term is defined in Section 3(2) of ERISA, is referred to herein as a “Warrantor ERISA Plan”. No Warrantor has participated in or been a member of, and no
Warrantor Benefit Plan is or has been, a multi-employer plan within the meaning of Section 3(37) of ERISA. Except as set forth on Schedule 5.11(a), the Warrantor Benefit Plans of OMNI and the OMNI Subsidiaries are terminable on their
terms without penalty or payment except for accrued and vested benefits thereunder. 

  
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 (b) All Warrantor Benefit Plans comply in all material respects with the applicable
provisions of ERISA and the Code, and any other applicable laws, rules and regulations the breach or violation of which could result in a liability, either individually or in the aggregate, material to the financial condition, results of operations
or prospects of the Warrantor on a consolidated basis. With respect to the Warrantor Benefit Plans, no event has occurred and, to Warrantor’s knowledge, there exists no condition or set of circumstances, in connection with which the Warrantor
could be subject to any liability (except liability for severance payments, benefit claims, Pension Benefit Guaranty Corporation premiums, and funding obligations payable in the ordinary course). No notice of a “reportable event,” as that
term is defined in Section 4043 of ERISA, for which the 30-day reporting requirement has not been waived has been required to be filed for any Warrantor ERISA Plan which is subject to Title IV of ERISA within the 12-month period ending on the
date of this Agreement. No Warrantor has provided, or is required to provide, security to any Warrantor ERISA Plan which is subject to Title IV of ERISA pursuant to Section 401(a)(20) of the Code. 

(c) Except as set forth on Schedule 5.11(c), no Warrantor ERISA Plan which is subject to Title IV of ERISA has any “unfunded
current liability,” as that term is defined in Section 302(d)(8)(A) of ERISA, and the present fair market value of the assets of each such plan exceeds the plan’s “benefit liabilities”, as that term is defined in
Section 4001(a)(16) of ERISA, when determined under actuarial factors that would apply if the plan terminated as of the date of this Agreement in accordance with all applicable legal requirements. 

5.12 Material Contracts. Except as set forth on Schedule 5.12, none of the Warrantor Companies, nor any of their respective
assets, businesses or operations, as of the date of this Agreement, is a party to, or is bound or affected by, or receives benefits under, any contract or agreement or amendment thereto that in each case would be required to be filed as an exhibit
to a Form 10-K filed by Warrantor as of the date of this Agreement and that was not so filed (each such contract, agreement or amendment, a “Warrantor Material Contract”). No Warrantor Company is in default in any material respect under
any Warrantor Material Contract, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default. 
 5.13 Legal Proceedings. Except as set forth on Schedule 5.13, there are no actions, suits or proceedings instituted or pending or, to Warrantor’s knowledge, threatened against a
Warrantor Company, or affecting any property, asset, interest or right of any of them. 
 5.14 Reserved. 

5.15 Reports. Since December 31, 2007, each of the Warrantor Companies has filed all reports and statements, together
with any amendments required to be made with respect thereto, that it was required to file with (i) the SEC, including, but not limited to, Forms 10-K, Forms 10-Q, Forms 8-K and proxy statements, (ii) the Federal Reserve, (iii) the
Federal Deposit Insurance Corporation, and (iv) any applicable state banking, insurance, securities or other regulatory authorities. As of their respective dates (and without giving effect to any amendments or modifications filed after the date
of this Agreement with respect to reports and documents filed before the date of this Agreement), each of such reports and documents, including the financial statements, exhibits and schedules thereto, complied in all material respects with all of
the statutes, rules and regulations enforced or promulgated by the authority with which they were filed and did not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made
therein in light of the circumstances under which they were made not misleading. 
 5.16 Statements True and Correct.
None of the information supplied or to be supplied by Warrantor for inclusion in (i) the Registration Statement, (ii) the Proxy Statement, and (iii) any other documents to be filed with the SEC or any other Regulatory Authority in
connection with the transactions contemplated hereby, will, at the respective times such documents are filed, and, in the case of the Registration Statement, when it becomes effective and, with respect to the Proxy Statement, when first mailed to
the shareholders of OMNI be false or misleading with respect to any material fact, or omit to state any material fact necessary in order to make the statements therein not misleading, or, in the case of the Proxy Statement or any amendment thereof
or supplement thereto, at the time of the Shareholders Meeting, be false or misleading with respect to any material fact, or omit to state any material fact necessary to make the statements therein in light of the circumstances under which they were
made not misleading. All documents that Warrantor is responsible for filing with the SEC or any other Regulatory Authority in connection 

  
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with the transactions contemplated hereby will comply in all material respects with the provisions of applicable law including applicable provisions of the Securities Laws. 

5.17 Environmental Matters. 
 (a) To Warrantor’s knowledge, Warrantor and each Warrantor Subsidiary (for purposes of this Section 5.17, the term “Warrantor Subsidiary” shall include small business investment
corporations and entities that invest in unaffiliated companies in the ordinary course of business in which Warrantor owns or controls 5% or more of the outstanding equity securities either directly or through an unbroken chain of entities as to
each of which 5% or more of the outstanding equity securities is owned directly or indirectly by Warrantor), except as set forth in Schedule 5.17(a), the Warrantor Real Property and the Participation Facilities (as defined below) are, and
have been, in compliance with all applicable laws, rules, regulations and standards, and all requirements of the United States Environmental Protection Agency (“EPA”) and of state and local agencies with jurisdiction over pollution or
protection of health or the environment. 
 (b) To Warrantor’s knowledge, except as set forth in Schedule 5.17(b),
there is no suit, claim, action or proceeding, pending or threatened, before any court, governmental agency, board or other forum pursuant to which Warrantor or any of the Warrantor Subsidiaries or any Warrantor Real Property or Participation
Facility (or in respect of such Warrantor Real Property or Participation Facility) has been or, with respect to threatened proceedings may be, named as a defendant (i) for alleged noncompliance (including by any predecessor) with any
environmental law, rule or regulation or (ii) relating to the release into the environment of any Hazardous Material (as defined below) or oil, whether or not occurring at or on any site owned (including as trustee), leased or operated by it or
any of its subsidiaries or any Warrantor Real Property or Participation Facility. 
 (c) To Warrantor’s knowledge, except
as set forth in Schedule 5.17(c), there is no reasonable basis for any suit, claim, action or proceeding of a type described in Section 5.17(b). 
 (d) During the period of (i) Warrantor’s or any of the Warrantor Subsidiaries’ ownership (including as trustee) or operation of any of their respective current properties, which, with
respect to each Warrantor, shall be limited to the Warrantor Real Property, and (ii) Warrantor’s or any of the Warrantor Subsidiaries’ participation in the management of any Participation Facility, to Warrantor’s knowledge, there
has been no release of Hazardous Material or oil in, on, under or affecting such property or Participation Facility. 
 (e) For
purposes of this Section 5.17: (i) “Participation Facility” means any property in which Warrantor (or a Warrantor Subsidiary) participates in the management of such property and, where required by the context, includes the owner
or operator of such property, but only with respect of such property; and (ii) “Hazardous Material” means any pollutant, contaminant or hazardous substance within the meaning of the Comprehensive Environmental Response, Compensation,
and Liability Act, 42 U.S.C. Section 9601 et seq., or any similar federal, state or local law. 
 5.18 Reserved.

 5.19 Labor Matters. Except as set forth on Schedule 5.19, neither Warrantor is a party to, or is
bound by, any collective bargaining agreement, contract or other agreement or understanding with a labor union or labor organization, nor is Warrantor the subject of any proceeding asserting that Warrantor has committed an unfair labor practice or
seeking to compel Warrantor to bargain with any labor union or labor organization as to wages and conditions of employment; nor is there any strike or other labor dispute involving Warrantor pending or threatened. 

5.20 Fairness Opinion. OMNI shall have received a written opinion from Howe Barnes Hoefer & Arnett, Inc.,
OMNI’s financial advisor, dated as of the date of this Agreement, to the effect that, as of such date, the Merger Consideration to be received by the holders of OMNI Common Stock is fair to OMNI’s shareholders from a financial point of
view. 
 5.21 Materiality. No representation or warranty by a Warrantor contained in this Section V shall be deemed
untrue or incorrect, and no party hereto shall be deemed to have breached a representation or warranty, on account of the existence of any fact, circumstance or event unless, as a direct or indirect consequence of such fact,

  
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circumstance or event, individually or taken together with all other facts, circumstances or events inconsistent with any paragraph of Section V, as applicable, there is or is reasonably likely
to be a Material Adverse Effect, except that the representations and warranties in Sections 5.1, 5.2, 5.3 and 5.4 shall be true and correct in all respects. OMNI’s representations, warranties and covenants contained in this Agreement shall not
be deemed to be untrue or breached as a result of effects arising solely from actions taken in compliance with this Agreement or a written request of IBKC. 
 SECTION VI. 
 COVENANTS AND AGREEMENTS 

Each of the parties to this Agreement hereby covenants and agrees with the other parties as follows: 

6.1 Conduct of Business—Negative Covenants. From the date of this Agreement until the earlier of the Effective Date or
the termination of this Agreement, except as otherwise permitted by this Agreement or as set forth on Schedule 6.1, OMNI will not do, and will not agree or commit to do, and OMNI will cause each of its Subsidiaries not to do and not to agree
to commit to do, any of the following without the prior written consent of a duly authorized officer of IBKC: 
 (a) Amend its
articles of incorporation, by-laws, or other governing instruments, or 
 (b) Impose, or suffer the imposition, on any share of
capital stock held by it or by one of its Subsidiaries, of any material lien, charge or encumbrance, or permit any such lien, charge or encumbrance to exist, or 
 (c) Repurchase, redeem, or otherwise acquire or exchange, directly or indirectly, any shares of its capital stock or any securities convertible into any shares of its capital stock, or 

(d) Except as expressly contemplated by this Agreement, acquire direct or indirect control over any corporation, association, firm or
organization, other than in connection with (i) internal reorganizations or consolidations involving existing Subsidiaries, (ii) good faith foreclosures in the ordinary course of business, (iii) acquisitions of control by a banking
Subsidiary in a bona fide fiduciary capacity, (iv) investments made by small business investment corporations or by Subsidiaries that invest in unaffiliated companies in the ordinary course of business, or (v) the creation of new
Subsidiaries organized to conduct or continue activities otherwise permitted by this Agreement, or 
 (e) Except as set forth on
Schedule 6.1(e), issue, sell, pledge, encumber, authorize the issuance of, or otherwise dispose of: (i) any shares of its capital stock, including any agreement to issue, sell, pledge, encumber, or authorize the issuance of its capital
stock; (ii) any substantial part of its assets or earning power; or (iii) any asset other than in the ordinary course of business for reasonable and adequate consideration, or 

(f) Adjust, split, combine, or reclassify any capital stock of OMNI or issue or authorize the issuance of any other securities in respect
of or in substitution for OMNI Common Stock, or 
 (g) Except as set forth on Schedule 6.1(g), incur any additional
material debt obligation or other material obligation for borrowed money, except in the ordinary course of its business consistent with past practices (and such ordinary course of business shall include, but shall not be limited to, the creation of
deposit liabilities, purchases of federal funds, sales of certificates of deposit and entry into repurchase agreements), or 

(h) Except as set forth on Schedule 6.1(h), grant any increase in compensation or benefits to its officers or other employees; pay
any bonus not in accordance with Schedule 6.1(h) or as set forth below, enter into any severance agreements with any of its directors or officers; grant any increase in fees or other increases in compensation or other benefits to any of its
present or former directors; or effect any change in retirement benefits for any class of its employees or officers (unless such change is required by applicable law or, in the opinion of counsel, is necessary or advisable to maintain the tax
qualification of any plan under which the retirement benefits are provided) that would increase the retirement benefit liabilities of OMNI and its Subsidiaries. 

  
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 (i) Except as contemplated by this Agreement, or any of the agreements, documents or
instruments contemplated hereby, or as set forth on Schedule 6.1(i), amend any existing employment, severance or similar contract between it or any of its Subsidiaries (unless such amendment is required by law), or enter into any new such
contract with, any person, or 
 (j) Except as contemplated by this Agreement or any of the agreements, documents or instruments
contemplated hereby, or set forth in Schedule 6.1(j), adopt any new employee benefit plan or make any material change in or to any existing employee benefit plan, other than any such change that is required by law or that, in the opinion of
counsel, is necessary or advisable to maintain the tax qualified status of any such plan, or 
 (k) Place or suffer to exist on
any of it assets or properties any mortgage, pledge, lien, charge or other encumbrance, other than in the ordinary course of business consistent with past practices, or as disclosed in Schedule 6.1(k), cancel any material indebtedness to it
or any material claims which it may have had, or waive any right of substantial value or discharge or satisfy any material noncurrent liability, or 
 (l) Charge off (except as may otherwise be required by law or by Regulatory Authorities or by GAAP consistently applied) any material Credit, or make or enter into any commitments to make any Credit which
varies materially from its written credit policies, copies of which have been made available to IBKC, or 
 (m) Reduce its
current reserve for loan losses, except as may be required by law, Regulatory Authorities or GAAP, or 
 (n) Other than in the
normal course of providing credit to customers as part of its banking business, accepting deposits and making investments, enter into any contract or series of related contracts involving a payment of more than $50,000. 

(o) Commit to do any of the foregoing. 
 6.2 Conduct of Business—Affirmative Covenants. Unless the prior written consent of the other Warrantor shall have been obtained, except as otherwise contemplated or permitted hereby or
as set forth on Schedule 6.2, each Warrantor shall operate its business only in the ordinary course of business of such Warrantor consistent with past practices, shall preserve intact its business organizations and assets and maintain its
rights and franchises, and shall voluntarily take no action which would (i) adversely affect the ability of any of them to obtain any necessary approvals of Regulatory Authorities required for the transactions contemplated hereby without
imposition of a condition or restriction of the type referred to in the second sentence of Section 8.5 of this Agreement, (ii) adversely affect the ability of such Warrantor to perform its obligations under this Agreement, or
(iii) cause or permit a breach of any of its covenants or cause or permit any representation or warranty of it to become untrue in any material respect, as if each such representation and warranty were continuously made from the date hereof.

 6.3 Adverse Changes in Condition. Each Warrantor shall give written notice promptly to the other Warrantor
concerning (i) any event which has had, or is reasonably likely to have, a Material Adverse Effect on such Warrantor, or (ii) the occurrence or impending occurrence of any event or circumstance known to such Warrantor which would have
needed to be reported in a disclosure schedule hereunder if it had occurred or been pending on or prior to the date of this Agreement, or which would cause or constitute a material breach of any of the representations, warranties or covenants of
such Warrantor contained herein or that would reasonably be expected to materially and adversely affect the timely consummation of the transactions contemplated hereby. Each Warrantor shall use its reasonable best efforts to prevent or to promptly
remedy the same. 

  
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 6.4 Investigation and Confidentiality. 

Prior to the Effective Date, each Warrantor will keep the other Warrantor promptly advised of all material developments relevant to its
business and to the consummation of the Merger and may make or cause to be made such investigation, if any, of the business, properties, operations and financial and legal condition of the other Warrantor and its Subsidiaries as such Warrantor
reasonably deems necessary or advisable to familiarize itself and its advisors with such business, properties, operations and condition; provided, however, that such investigation shall be reasonably related to the transactions contemplated hereby
and shall not interfere unnecessarily with normal operations. Each Warrantor agrees to furnish the other Warrantor and the other Warrantor’s respective advisors with such financial and operating data and other information with respect to its
business, properties and employees as the other Warrantor shall from time to time reasonably request. No investigation by one Warrantor shall affect the representations and warranties of the other Warrantor and, subject to Section 9.3 of this
Agreement, each such representation and warranty shall survive any such investigation. Each Warrantor agrees to furnish the other Warrantor with all information necessary to expedite pre-conversion planning and implementation, including, but not
limited to, all things necessary, proper or advisable under applicable laws and regulations to plan, make effective and consummate systems and branch conversions. Notwithstanding the foregoing, neither party hereto shall be required to provide
access to or to disclose information where such access or disclosure would violate its attorney-client privilege or violate or prejudice the rights of any customer or contravene any law, rule, regulation, order or judgment, nor to disclose board
minutes of any confidential discussion of this Agreement and the transactions contemplated hereby. Each Warrantor shall maintain the confidentiality of all confidential information furnished to it by the other Warrantor in accordance with the terms
of the confidentiality agreement dated January 17, 2011 between the Warrantors (the “Confidentiality Agreement”). 
 6.5 Reports. From the date of this Agreement to the earlier of the Effective Date or the termination of this Agreement, each Warrantor shall, IBKC shall cause IBERIABANK to, and OMNI shall
cause OMB to, file all reports required to be filed by such Warrantor, OMB and IBERIABANK with any Regulatory Authority, and shall deliver to the other Warrantor copies of all such reports promptly after the same are filed. 

6.6 Dividends. From the date of this Agreement to the earlier of the Effective Date or the termination of this Agreement,
OMNI shall not declare or pay any dividend or other distribution to its shareholders. 
 6.7 Capital Stock. Except
as otherwise contemplated by this Agreement (including Section 6.1(e) hereof), or as set forth on Schedule 6.7, without the prior written consent of IBKC, from the date of this Agreement to the earlier of the Effective Date or the
termination of this Agreement, OMNI shall not, and shall not enter into any agreement to, issue, sell, or otherwise permit to become outstanding any additional shares of OMNI Common Stock or any other capital stock of OMNI and any Subsidiary of
OMNI, or any stock appreciation rights, or any option, warrant, conversion or other right to acquire any such stock, or any security convertible into any such stock. 
 6.8 Agreement of Affiliates. OMNI shall deliver to IBKC, no later than thirty (30) days after the date of this Agreement, a letter identifying each person whom it reasonably believes is
an “affiliate” of OMNI for purposes of Rule 145 under the 1933 Act. Thereafter and until the Effective Date, OMNI shall identify to IBKC each additional person whom OMNI reasonably believes to have thereafter become an
“affiliate”. OMNI shall use its good faith efforts to cause each person who is identified as an “affiliate” of OMNI pursuant to the two (2) immediately preceding sentences who receives IBKC Common Stock in the Merger to
deliver to IBKC, prior to the Effective Date, a written agreement, substantially in the form of Exhibit II. 

  
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 6.9 Certain Actions. 

(a) Subject to Section 6.9(d) of this Agreement, OMNI agrees that, from the date of this Agreement until the earlier of the
Effective Date or the termination of this Agreement, neither it nor any of its affiliates, nor any of the officers and directors of it or its affiliates shall, and that it shall cause its and its affiliates’ employees, agents and
representatives (including any investment banker, attorney or accountant retained by it or any of its affiliates) not to, directly or indirectly, (i) initiate, solicit, encourage or knowingly facilitate any inquiries or the making of any
Acquisition Proposal, (ii) have any discussion with or provide any confidential information or data to any Person relating to an Acquisition Proposal, or engage in any negotiations concerning an Acquisition Proposal, or knowingly facilitate any
effort or attempt to make or implement an Acquisition Proposal, (iii) approve or recommend, or propose publicly to approve or recommend, any Acquisition Proposal or (iv) approve or recommend, or propose to approve or recommend, or execute
or enter into any letter of intent, agreement in principle, merger agreement, acquisition agreement, option agreement or other similar agreement or propose publicly or agree to do any of the foregoing related to any Acquisition Proposal. 

(b) OMNI agrees that it will, and will cause its officers, directors and representatives to, immediately cease and cause to be terminated
any activities, discussions or negotiations existing as of the date of this Agreement with any parties conducted heretofore with respect to any Acquisition Proposal informing them that the Board of Directors no longer seeks the making of any
Acquisition Proposals. 
 (c) OMNI agrees that it will use reasonable best efforts to promptly inform its directors, officers,
key employees, agents and representatives of the obligations undertaken in this Section 6.9. 
 (d) Notwithstanding
the provisions of Section 6.9(a) of this Agreement, if any Person after the date of this Agreement submits to OMNI’s board of directors an unsolicited, bona fide, written Acquisition Proposal, and OMNI’s board of
directors reasonably determines in good faith, after receipt of advice from outside legal counsel, that the failure to engage in discussions with such Person concerning such Acquisition Proposal may cause OMNI’s board of directors to breach its
fiduciary duties to OMNI and its shareholders, and after consultation with its financial advisor, then, in such case, (i) OMNI may (A) furnish information about its business to such Person under protection of an appropriate confidentiality
agreement containing customary limitations on the use and disclosure of all non-public written or oral information furnished to such Person, provided that OMNI must contemporaneously furnish to IBKC all such non-public information furnished to such
Person, and (B) negotiate and participate in discussions and negotiations with such Person; and (ii) if OMNI’s board of directors determines that such an Acquisition Proposal is a Superior Proposal (defined below), OMNI’s board
of directors may (subject to the provisions of this Section 6.9) (A) withdraw or adversely modify its approval or recommendation of the Merger and recommend such Superior Proposal or (B) terminate this Agreement, in each case,
(i) at any time after five (5) Business Days following IBKC’s receipt of written notice (a “Notice of Superior Proposal”) advising IBKC that OMNI’s board of directors has received a Superior Proposal and enclosing a
copy of the Acquisition Proposal, identifying the Person submitting the Superior Proposal, specifying the material terms and conditions of such Superior Proposal, and (ii) subject to IBKC’s Right of First Refusal (defined below). In the
event IBKC elects not to exercise the Right of First Refusal, OMNI shall provide IBKC with a final written notice of acceptance before or simultaneous with accepting any Superior Proposal. For purposes of this Agreement, “Superior
Proposal” means any unsolicited, bona fide, written Acquisition Proposal for consideration consisting of cash and/or securities, and otherwise on terms which OMNI’s board of directors determines, after consultation with its
financial advisor, are more favorable to OMNI’s shareholders (in their capacities as shareholders) from a financial point of view than the Merger after giving effect to the provisions of Section 9.2 (or other revised proposal submitted by
IBKC). For the purposes of this Section 6.9(d), an Acquisition Proposal shall be “bona fide” if the board of directors of OMNI reasonably determines that the Person submitting such Acquisition Proposal is capable, from a
financial, regulatory and other appropriate perspectives, of consummating such Acquisition Proposal on the terms proposed.  
 (e) IBKC shall have the right (“Right of First Refusal”) for five (5) Business Days after receipt of Notice of Superior Proposal to make such adjustments in the terms and conditions of this
Agreement as would enable OMNI to proceed with the Merger on the basis of such adjusted terms. If IBKC fails to exercise such Right of First Refusal within the time herein specified, OMNI shall be at liberty to accept the Superior Proposal, subject
to the obligations of OMNI pursuant to Section 9.2 hereof. 

  
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 6.10 Agreement as to Efforts to Consummate. Subject to the terms and
conditions of this Agreement and its fiduciary duties under applicable law, each Warrantor agrees to use, and to cause its Subsidiaries to use, its reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done,
all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective, as soon as practicable after the date of this Agreement, the transactions contemplated by this Agreement, including, without
limitation, using its best efforts to lift or rescind any injunction or restraining order or other order adversely affecting the ability of any party hereto to consummate the transactions contemplated hereby. Each Warrantor shall use, and shall
cause each of its Subsidiaries to use, its reasonable best efforts to obtain consents of all third parties and governmental bodies necessary or desirable for the consummation of the transactions contemplated by this Agreement. This Section 6.10
shall not require either Warrantor to waive any condition to such Warrantor’s obligation to consummate the Merger. 

6.11 Operating Functions. OMNI and OMB shall cooperate with IBKC and IBERIABANK in connection with planning for the
efficient and orderly combination of the parties and the operation of OMB after the Merger, and in preparing for the consolidation of appropriate operating functions to be effective on the Effective Date. 

6.12 Preservation of Business. OMNI shall use its reasonable best efforts to preserve the possession and control of all of
OMNI’s and OMB’s assets (other than those consumed or disposed of for value in the ordinary course), and the goodwill of customers and others having business relations with them, and will do nothing knowingly to impair their ability to
keep and preserve their businesses as they exist on the date hereof. From the date hereof until the Effective Date, OMB (i) shall notify IBERIABANK prior to establishing the rates to be paid by OMB on its deposit accounts if such rate change is
not in the ordinary course of business and consistent with OMNI’s past practices as disclosed on Schedule 6.12 hereof, (ii) shall confer with IBERIABANK not less than once every two weeks to review the conduct of OMNI’s loan approval
process, and (iii) shall notify IBERIABANK promptly of any change that is material to the Credits identified in Section 5.8(a).  
 6.13 Issuance of IBKC Common Stock. IBKC shall, prior to the Closing, take such action as is required to authorize and reserve for issuance the IBKC Common Stock to the shareholders of OMNI
pursuant to the Merger, and to permit such IBKC Common Stock to be approved for listing and quotation on the NASDAQ Global Select Market. 
 6.14 Support Agreements. OMNI shall use its reasonable best efforts to deliver to IBKC a Support Agreement executed by each OMNI director substantially in the form of Exhibit III.

 SECTION VII. 
 ADDITIONAL AGREEMENTS 
 7.1 Registration Statement; Shareholder
Approval. 
 (a) The Warrantors shall cooperate in the preparation of the Registration Statement. IBKC shall, as soon as
practicable, file the Registration Statement with the SEC, and the Warrantors shall use their best efforts to cause the Registration Statement to become effective under the 1933 Act. IBKC shall provide OMNI and its counsel with a reasonable
opportunity to review and comment on the Registration Statement, and shall incorporate all appropriate comments thereto, prior to the time it is initially filed with the SEC or any amendments are filed with the SEC. IBKC shall take, and OMNI shall
cooperate with IBKC in connection with, any action required to be taken under the applicable state Blue Sky or securities laws in connection with the issuance of shares of IBKC Common Stock upon consummation of the Merger. Each Warrantor shall
furnish all information concerning it and the holders of its capital stock as the other Warrantor may reasonably request in connection with such action. OMNI and IBKC shall promptly notify the other party if at any time it becomes aware that the
Registration Statement contains any untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements contained therein, in light of the circumstances under which they were made,
not misleading. In such event, OMNI shall cooperate with IBKC in the preparation of a supplement or amendment to such Registration Statement that corrects such misstatement or omission, and IBKC shall file an amended Registration Statement with the
SEC, and each of OMNI and IBKC shall mail an amended Proxy Statement to OMNI’s shareholders. 

  
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 (b) OMNI shall call a Shareholders Meeting to be held, if practicable, within fifteen
(15) Business Days prior to the Effective Date for the purpose of considering and voting upon the Merger. In connection with the Shareholders Meeting, (i) OMNI shall mail the Proxy Statement to its shareholders, (ii) each Warrantor
shall furnish to the other Warrantor all information concerning it and its Subsidiaries that the other Warrantor may reasonably request in connection with the Proxy Statement, and (iii) the Board of Directors of OMNI, subject to its fiduciary
duties under applicable law, recommend to its shareholders the approval of this Agreement and cause OMNI to use its best efforts to obtain such shareholder approval. 
 7.2 Tax Opinion. OMNI agrees to use its good faith efforts to obtain a written opinion of Adams and Reese LLP, addressed to the Warrantors and reasonably satisfactory to IBKC’s counsel,
dated the date of the Closing, subject to customary representations and assumptions, and substantially to the effect that: 

(i) the Merger will be treated for Federal income tax purposes as a reorganization within the meaning of Section 368(a)(1)(A)
of the Code, and IBKC and OMNI will each be a party to the reorganization within the meaning of Section 368(b) of the Code; 
 (ii) no gain or loss will be recognized by IBKC or OMNI as a result of the Merger; 
 (iii) a shareholder of OMNI who receives IBKC Common Stock and cash in exchange for such shareholder’s shares of OMNI Common Stock generally will recognize gain, but not loss, to the extent of
the lesser of: (1) the excess, if any, of (a) the sum of the aggregate fair market value of the IBKC Common Stock received (including any fractional share of IBKC Common Stock deemed to be received and exchanged for cash) and the amount of
cash received (including any cash received in lieu of a fractional share of IBKC Common Stock) over (b) the shareholder’s aggregate tax basis in the shares of OMNI Common Stock exchanged in the Merger; and (2) the amount of cash
received; 
 (iv) the aggregate tax basis of the IBKC Common Stock received by a shareholder of OMNI who exchanges such
shareholder’s OMNI Common Stock in the Merger will equal such shareholder’s aggregate tax basis in the shares of OMNI Common Stock being exchanged, reduced by any amount allocable to a fractioned share interest of IBKC Common Stock for
which cash is received and by the amount of any cash consideration received, and increased by the amount of taxable gain, if any recognized by such shareholder in the Merger; and 

(v) the holding period of the shares of IBKC Common Stock received in the Merger will include the period during which the shares of
OMNI Common Stock surrendered in exchange therefore were held, provided such shares of OMNI Common Stock were held as capital assets at the Effective Date. 
 7.3 Press Releases. IBKC and OMNI shall cooperate with each other in the development and distribution of all news releases and other public disclosures with respect to this Agreement or any of the
transactions contemplated hereby, and except as may be otherwise required by law, neither IBKC nor OMNI shall issue any news release, or other public announcement or communication with respect to this Agreement without first consulting with the
other party and using its best efforts to provide the other party with the proposed news release, public announcement or communication prior to its distribution. It is understood that IBKC shall assume primary responsibility for the preparation of
joint press releases relating to this Agreement. 
 7.4 Applications. The Warrantors shall, and shall cause their
Subsidiaries to, as soon as practicable, prepare and file applications with the appropriate Regulatory Authorities seeking the approvals necessary to consummate the transactions contemplated by this Agreement. Each Warrantor shall have the right to
review and approve in advance all characterizations of the information relating to that party and any of its Subsidiaries that appear in any filing made in connection with the transactions contemplated by this Agreement with any Regulatory
Authority. In addition, each Warrantor shall furnish to the other party for review a copy of each such filing made in connection with the transactions contemplated by this Agreement with any Regulatory Authority prior to its filing. The Warrantors
shall provide copies of all such filings to each other within two (2) business days after such filings are made and shall promptly inform each other of all substantive regulatory contacts concerning the transactions contemplated by this
Agreement. 

  
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 7.5 Medical Claims. In the event of any termination or consolidation of any OMNI or
OMNI Subsidiary health plan prior or subsequent to Closing, OMNI and its Subsidiaries will use their reasonable best efforts to cause their employees to submit all bills and receipts representing claims for reimbursement of medical expenses incurred
prior to the effective date of such termination or consolidation. 
 7.6 OMB Profit Sharing and 401(k) Plan. The OMB
Profit Sharing and 401(k) Plan (the “Plan”) shall be frozen as of, or immediately prior to, the Effective Date. All outstanding Plan indebtedness shall be repaid as soon as practicable following the Effective Date, and the balance of the
shares and any other assets remaining in the loan suspense account shall be allocated and distributed to Plan participants (subject to the receipt of a favorable determination letter from the Internal Revenue Service), as provided for in the Plan
and unless otherwise required by applicable law. Prior to the Effective Date, OMB, and following the Effective Date, IBERIABANK, shall use their respective best efforts in good faith to obtain such favorable determination letter (including, but not
limited to, making such changes to the Plan and the proposed allocations as may be requested by the Internal Revenue Service as a condition to its issuance of a favorable determination letter). Prior to the Effective Date, OMB, and following the
Effective Date, IBERIABANK, will adopt such amendments to the Plan as may be reasonably required by the Internal Revenue Service as a condition to granting such favorable determination letter on termination. Following the effective date of the
Plan’s termination, neither OMB, prior to the Effective Date, nor IBERIABANK, following the Effective Date, shall make any distribution from the Plan except as may be required by applicable law until receipt of such favorable determination
letter. In the case of a conflict between the terms of this Section 7.6 and the terms of the Plan, the terms of the Plan shall control; provided, however, in the event of any such conflict, OMB, before the Effective Date, and IBERIABANK,
after the Effective Date, shall use their best efforts to cause the Plan to be amended to conform to the requirements of this Section 7.6. Additionally, the Plan trustees shall resign and IBKC shall appoint new trustees of the Plan as of the
Effective Date and, prior to the Effective Date, the OMNI Board of Directors shall resolve that the Plan terminate as soon as practicable following the Effective Date. 
 7.7 Employment and Consulting Agreements. As of the Effective Date, IBKC agrees that: (i) James M. Hudson will enter into an Employment Agreement with IBKC substantially in the form of
Exhibit IV, (ii) S. Kyle Waters will enter into a Consulting Agreement with IBKC substantially in the form of Exhibit V, and (iii) Barry B. Bleakley will enter into an Employment Agreement with IBKC substantially in the form
of Exhibit VI (collectively, the “Post-Merger Employment Agreements”). Each of the existing employment agreements, if any, of such individuals with OMNI and the OMNI Subsidiaries listed on Schedule 7.7 (collectively, the
“Pre-Merger Employment Agreements”) shall be terminated as of the Effective Date and superseded by the respective Post-Merger Employment Agreement, each employee shall receive any payments that such employee is entitled to receive under
his existing Pre-Employment Agreement on the Effective Date (and, as applicable, Schedules 2.3(a), 2.3(b), 2.3(c) and/or 2.3(d)); provided, however, that no payments or benefits to officers of OMNI or its Subsidiaries in connection
with the Merger shall constitute an excess parachute payment under Section 280G of the Code. 
 SECTION VIII.

 CONDITIONS PRECEDENT TO OBLIGATIONS TO CONSUMMATE 

The obligation of each Warrantor to consummate the Merger is subject to the satisfaction of each of the following conditions, unless
waived by such party pursuant to Section 10.5 of this Agreement: 
 8.1 Representations and Warranties. The
representations and warranties of the other Warrantor set forth or referred to in this Agreement shall be true and correct as of the date of this Agreement and as of the time of the Closing with the same effect as though all such representations and
warranties had been made on and as of the time of the Closing, except (i) for any such representations and warranties made as of a specified date, which shall be true and correct as of such date or (ii) as expressly contemplated or
permitted by this Agreement, in each case subject to the standard set forth in Section 5.21 hereof. 
 8.2
Performance of Agreements and Covenants. Each and all of the agreements and covenants of the other Warrantor to be performed and complied with pursuant to this Agreement and the other agreements contemplated hereby prior to the time of the
Closing shall have been duly performed and complied with by it in all material respects. 

  
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 8.3 Certificates. Each Warrantor shall have delivered to the other Warrantor a
certificate, dated as of the time of the Closing and signed on its behalf by its chief executive officer and its chief financial officer, to the effect that the conditions of its obligations set forth in Section 8.1 and Section 8.2 of this
Agreement with respect to it have been satisfied, all in such reasonable detail as the other Warrantor shall request. 

8.4 Shareholder Approval. The shareholders of OMNI shall have approved this Agreement, the Merger and the consummation of
the transactions contemplated hereby, as and to the extent required by law and by the provisions of the governing instruments of OMNI, and OMNI shall have furnished to IBKC certified copies of resolutions duly adopted by its shareholders evidencing
the same. Holders of not more than 10% of the OMNI Common Stock shall have exercised statutory rights of dissent and appraisal pursuant to the LBCL. 
 8.5 Consents and Approvals. All material approvals and authorizations of, filings and registrations with, and notifications to, all Regulatory Authorities required for consummation of the
Merger shall have been obtained or made and shall be in full force and effect and all waiting periods required by law shall have expired. Any approval obtained from any Regulatory Authority which is necessary to consummate the transactions
contemplated hereby shall not contain any material adverse non-standard term or condition which in the reasonable judgment of the Board of Directors of IBKC so materially and adversely affects the economic or business assumptions of the transactions
contemplated by this Agreement so as to render inadvisable the consummation of the Merger. To the extent that any lease, license, loan or financing agreement or other contract or agreement to which Warrantor is a party requires the consent of or
waiver from the other party thereto as a result of the transactions contemplated by this Agreement, such consent or waiver shall have been obtained, unless the failure to obtain such consent or waiver would not, following the Merger, have a Material
Adverse Effect on such Warrantor. 
 8.6 Legal Proceedings. No Warrantor shall be subject to any order, decree or
injunction of a court or agency of competent jurisdiction which enjoins or prohibits consummation of any of the transactions contemplated by this Agreement. 
 8.7 Tax Matters. Each Warrantor shall have received the tax opinion addressed to it referred to in Section 7.3 of this Agreement. No payments or benefits to officers of OMNI or its
Subsidiaries in connection with the Merger shall constitute an excess parachute payment under Section 280G of the Code. 

8.8 Registration Statement. The Registration Statement shall be effective under the 1933 Act, no stop order suspending the
effectiveness of the Registration Statement shall be in effect, and no proceeding for such purpose shall be pending before or threatened by the SEC. 
 8.9 Simultaneous Transactions. The Warrantors shall have executed all documents and taken all such other action as are necessary to effectuate the Merger and the Warrantors shall have
irrevocably authorized their agents to make such filing in their behalf. 
 8.10 Legal Opinions. Each Warrantor
shall have received an opinion from counsel for the other Warrantor, dated as of the Effective Date, with respect to such matters and in such form as shall be agreed upon between counsel for each Warrantor. 

8.11 NASDAQ Listing. The shares of IBKC common stock to be issued in the Merger shall have been authorized for listing on the
NASDAQ Global Select Market. 
 8.12 Payment of Merger Consideration. As a condition to OMNI’s obligation to
consummate the Merger, IBKC shall have delivered the Merger Consideration to the Exchange Agent on or before the Closing Date and the Exchange Agent shall provide OMNI with a certificate evidencing such delivery. 

8.13 No Material Adverse Effect. Since December 31, 2010, no event has occurred or circumstance arisen that, individually or
in the aggregate, has had a Material Adverse Effect on the other Warrantor. 

  
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 SECTION IX. 
 TERMINATION 
 9.1 Termination. Notwithstanding any other
provision of this Agreement and notwithstanding the approval of this Agreement by the shareholders of OMNI, this Agreement may be terminated and the Merger abandoned at any time prior to the Closing: 

(a) By mutual consent of the Boards of Directors of the Warrantors; or 

(b) By the Board of Directors of either Warrantor (provided that the terminating party is not then in material breach of any
representation, warranty, covenant or other agreement contained in this Agreement) in the event of a material breach by the other Warrantor of any representation, warranty, covenant or agreement of such other Warrantor contained herein which would
result in the failure to satisfy the closing condition set forth in Section 8.1 or 8.2 of this Agreement, which breach cannot be or has not been cured within thirty (30) days after the giving of a written notice to the breaching Warrantor
of such material breach; or 
 (c) By the Board of Directors of either Warrantor in the event that the Merger shall not have
been consummated within twelve (12) months after the date of this Agreement and no consent to extend the date of the Closing beyond such twelve (12) month period has been granted; or 

(d) By the Board of Directors of either Warrantor in the event any approval of any Regulatory Authority required for consummation of the
Merger and the other transactions contemplated hereby shall have been denied by final non-appealable action of such Regulatory Authority or if any such action taken by such Regulatory Authority is not appealed within the time limit for appeal; or

 (e) By the Board of Directors of IBKC, in the event any such approval of any Regulatory Authority required for consummation
of the Merger and the other transactions contemplated hereby is conditioned upon the satisfaction of any material adverse condition or requirement that, in the good faith opinion of IBKC, would so materially adversely affect its business or the
economic benefits of the Merger as to render consummation of the Merger inadvisable or unduly burdensome, and the time period for appeals and request for reconsideration has run; or 

(f) By the Board of Directors of either Warrantor, if the shareholders of OMNI fail to approve this Agreement and the consummation of the
transactions contemplated hereby at the Shareholders Meeting; or 
 (g) By the Board of Directors of either Warrantor (provided
that the terminating party is not then in material breach of any representation, warranty, covenant or other agreement contained in this Agreement) in the event that any of the conditions precedent to the obligations of such Warrantor to consummate
the Merger cannot be satisfied or fulfilled within twelve (12) months after the date of this Agreement; or 
 (h) By the
Board of Directors of IBKC if the Board of Directors of OMNI shall, or shall have resolved to, withdraw, modify or change its recommendation to OMNI’s shareholders of this Agreement or the Merger, or recommend any Acquisition Proposal other
than the Merger; or 
 (i) By the Board of Directors of either Warrantor if the other Warrantor has experienced a Material
Adverse Effect, which is not remedied or cured within thirty (30) days after notice of intention to terminate is given by the Warrantor invoking this Section 9.1(i), which notice shall specify the nature of the matter or matters
constituting such Material Adverse Effect and which are the basis of such intention; provided, however, that the right to terminate that is specified in such notice of intention shall itself terminate unless notice of termination is given by
such Warrantor within fifteen (15) days following the end of such remedial or curative period; or 
 (k) By the Board of
Directors of OMNI, pursuant to Section 6.9(d). 

  
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 9.2 Effect of Termination. 

(a) In the event of the termination and abandonment of this Agreement pursuant to Section 9.1 of this Agreement, this Agreement
shall become void and have no effect and the parties hereto will be relieved of all obligations and liabilities under this Agreement, except that: (i) the provisions of Sections IX and X hereof shall survive any such termination and
abandonment; (ii) a termination pursuant to Section 9.1(b) of this Agreement shall not relieve a breaching Warrantor from liability for any breach giving rise to such termination and the provisions of Section 9.2(c) or (d), as
applicable; and (iii) each Warrantor shall remain obligated under, and liable for any breach of, any of the provisions of this Agreement that survive its termination. 
 (b) In the event this Agreement is terminated by IBKC (i) pursuant to Section 9.1(b) hereof because of a willful breach of a representation, warranty, covenant or other agreement by OMNI,
(ii) pursuant to Section 9.1(f) hereof because of the failure of the shareholders of OMNI to approve this Agreement and the Merger, or (iii) pursuant to Section 9.1(h) hereof because the Board of Directors of OMNI shall have
withdrawn, modified or changed its recommendation to OMNI’s shareholders, or by OMNI pursuant to Section 9.1(k) hereof, and within six (6) months after the date of any such termination OMNI, without IBKC’s prior written consent,
accepts in a written agreement an Acquisition Proposal, then OMNI shall pay IBKC $5,000,000 (the “Termination Fee”) not later than the fifth Business Day following the date OMNI accepts such Acquisition Proposal. Upon payment of the
Termination Fee pursuant to this Section 9.2(b), IBKC will not have any other rights or claims against OMNI or its Subsidiaries, or their respective officers and directors, under this Agreement. 

(c) In the event this Agreement is terminated by OMNI (i) pursuant to Section 9.1(b) hereof because of a willful breach of a
representation, warranty, covenant or other agreement by IBKC, or (ii) pursuant to Section 9.1(e) hereof, then IBKC shall pay OMNI $5,000,000 (the “Termination Fee”) not later than the fifth Business Day following the date OMNI
provides notice to IBKC of its termination and the reasons for such termination. Upon payment of the Termination Fee pursuant to this Section 9.2(c), OMNI will not have any other rights or claims against IBKC or its Subsidiaries, or their
respective officers and directors, under this Agreement. 
 (d) In the event this Agreement is terminated as a result of
IBKC’s failure to satisfy any of its representations, warranties or covenants set forth herein, IBKC shall reimburse OMNI for its reasonable out-of-pocket expenses relating to the Merger in an amount not to exceed $500,000, which amount shall
not be deemed an exclusive remedy or liquidated damages. 
 (e) In the event this Agreement is terminated as a result of
OMNI’s failure to satisfy any of its representations, warranties or covenants set forth herein, OMNI shall reimburse IBKC for its reasonable out-of-pocket expenses relating to the Merger in an amount not to exceed $500,000, which amount shall
not be deemed an exclusive remedy or liquidated damages. 
 9.3 Survival of Representations, Warranties and
Covenants. The respective representations, warranties, obligations, covenants and agreements of the Warrantors shall not survive the Effective Date, except for those covenants and agreements contained in this Agreement which by their terms apply
in whole or in part after the Effective Date; provided, however, that no such representations, warranties or covenants shall be deemed to be terminated or extinguished so as to deprive any Warrantor (or any director, officer or controlling
Person thereof) of any defense in law or equity which otherwise would be available against the claims of any Person, including, without limitation, any shareholder or former shareholder of any Warrantor, the aforesaid representations, warranties and
covenants being material inducements to consummation by the Warrantors of the transactions contemplated hereby. 

  
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 SECTION X. 
 MISCELLANEOUS 
 10.1 Expenses. 

(a) Except as otherwise provided in this Agreement, each of the parties hereto shall bear and pay all costs and expenses, incurred by it
or on its behalf in connection with the transactions contemplated hereunder, including fees and expenses of its own financial or other consultants, investment bankers, accountants and counsel. 

(b) Final settlement with respect to payment of fees and expenses by the parties hereto shall be made within thirty (30) days of the
termination of this Agreement. 
 10.2 Brokers and Finders. Except as set forth on Schedule 10.2, OMNI
represents and warrants that neither it nor any of its officers, directors, employees, affiliates or Subsidiaries has employed any broker or finder or incurred any liability for any financial advisory fees, investment bankers’ fees, brokerage
fees, commissions or finders’ fees in connection with this Agreement or the transactions contemplated hereby. 
 10.3
Entire Agreement. Except as otherwise expressly provided herein, this Agreement, including the exhibits and schedules hereto, and the Confidentiality Agreement contain the entire agreement among the parties hereto with respect to the
transactions contemplated hereunder and thereunder, and such agreements supersede all prior arrangements or understanding with respect thereto, written or oral. The terms and conditions of this Agreement shall inure to the benefit of and be binding
upon the parties hereto and their respective successors. Nothing in this Agreement, expressed or implied, is intended to confer upon any party, other than the parties hereto or their respective successors, any rights, remedies, obligations or
liabilities under or by reason of this Agreement except for (i) the rights of shareholders of OMNI to receive the Merger Consideration following the Effective Date and (ii) the provisions of Section 4.4, which shall inure to the
benefit of and be enforceable by the Persons referenced therein. 
 10.4 Amendments. To the extent permitted by law, this
Agreement may be amended by a subsequent writing signed by each of the parties hereto upon the approval of the boards of directors of such parties; provided, however, that the provisions of this Agreement relating to the manner or basis in
which shares of OMNI Common Stock will be exchanged for the Merger Consideration shall not be amended after the OMNI Shareholders Meeting without the requisite approval of the holders of the issued and outstanding shares of OMNI Common Stock
entitled to vote thereon. The parties hereto may, without approval of their respective boards of directors, make such technical changes to this Agreement, not inconsistent with the purposes hereof and thereof, as may be required to effect or
facilitate any governmental approval or acceptance of the Merger or of this Agreement or to effect or facilitate any filing or recording required for the consummation of any of the transactions contemplated hereby or thereby. OMNI agrees to take
such reasonable actions requested by IBKC as may be reasonably necessary to modify the structure of, or to substitute parties to (so long as such substitute is a Subsidiary of IBKC) the transactions contemplated hereby; provided, however,
that such modification shall not change the amount, kind, manner or basis in which shares of OMNI Common Stock will be exchanged for IBKC Common Stock or abrogate the covenants and other agreements contained in this Agreement, result in adverse tax
consequences to the shareholders of OMNI, materially delay consummation of the Merger or jeopardize the timely receipt of Regulatory Approvals. 
 10.5 Waivers. Prior to the Effective Date, each party hereto, acting through its Board of Directors or chief executive officer or other authorized officer, shall, as to such party’s rights
hereunder, have the right (i) to waive any default in the performance of any term of this Agreement by any other party, (ii) to waive or extend the time for the compliance or fulfillment by any other party of any and all of the obligations
under this Agreement, and (iii) to waive any or all of the conditions precedent to the obligations of such party under this Agreement. No waiver or modification of this Agreement or of any covenant, condition, or limitation herein contained
shall be valid unless in writing and duly executed by the party to be charged therewith. No evidence of any waiver or modification shall be offered or received in evidence at any proceeding, arbitration, or litigation between the parties hereto
arising out of or affecting this Agreement, or the rights or obligations of the parties hereunder, unless such waiver or modification is in writing, duly executed as aforesaid. 

  
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 10.6 No Assignment. No party hereto may assign any of its rights or obligations under
this Agreement to any other Persons, without the express written consent of the other parties and any such purported assignment without such requisite consent shall be null and void. 

10.7 Notices. All notices or other communications which are required or permitted hereunder shall be in writing and sufficient if
delivered by hand, by facsimile transmission or by registered or certified mail, postage pre-paid, to the Persons at the addresses set forth below (or at such other address as may be provided hereunder), and shall be deemed to have been delivered as
of the date so delivered: 
 If to IBKC and/or IBERIABANK: 
 IBERIABANK Corporation 
 200 West Congress Street 

Lafayette, LA 70501 
 Attention: Daryl G. Byrd 

        President and Chief Executive Officer 

With a copy to: 
 Jones,
Walker, Waechter, Poitevent, Carrère & Denègre, L.L.P. 
 499 South Capitol Street, SW, Suite 600

 Washington, D.C. 20003 
 Attention: Edward B. Crosland, Jr., Esq. 
 If to OMNI and/or OMB: 

OMNI Bancshares, Inc. 
 2900 Ridgelake Drive 
 Metairie, LA 70002 

Attention: James M. Hudson 
         President and Chief Executive Officer 
 With a
copy to: 
 Adams and Reese LLP 
 One Shell Square 
 701 Poydras Street, Suite 4500 

New Orleans, LA 70139 
 Attention: William C. Perez, Esq. 
 10.8 Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the State of Louisiana without regard to the conflict of laws principles thereof. 
 10.9 Counterparts; Facsimile. This Agreement may be executed in two or more counterparts, each of which shall constitute one and the same instrument. This Agreement may be executed and
delivered by facsimile signature. 
 10.10 Captions. The captions contained in this Agreement are for reference
purposes only and are not part of this Agreement. 
 [SIGNATURE PAGE FOLLOWS.] 

  
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 IN WITNESS WHEREOF, each of the parties to this Agreement has caused this Agreement to be
executed on its behalf and attested by officers thereunto duly authorized all as of the day and year first above written. 
  

									
	IBERIABANK CORPORATION	 		 	OMNI BANCSHARES, INC.
					
	By:	 	 	 		 	By:	 	 
		 	Daryl G. Byrd	 		 		 	James M. Hudson
		 	President and Chief Executive Officer	 		 		 	President and Chief Executive Officer

  
 - 27 -

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