Document:

Exhibit

EXHIBIT  10.4

KSOP PASS-THROUGH VOTING INSTRUCTION AGREEMENT
This KSOP PASS-THROUGH VOTING INSTRUCTION AGREEMENT (this “Agreement”) is made and entered into as of November 13, 2017, by and among Heartland Financial USA, Inc., a Delaware corporation (“Heartland”), and each of the Participants (as defined in Section 1).
RECITALS
A.Concurrently with the execution and delivery hereof, Heartland and Signature Bancshares, Inc., a Minnesota corporation (“Signature”), are entering into an Agreement and Plan of Merger of even date herewith (as it may be amended from time to time pursuant to the terms thereof, the “Merger Agreement”), which provides for the merger (the “Merger”) of Signature with and into Heartland.

B.Each of the Participants is the beneficial owner (as defined in Rule 13d‐3 of the Securities Act of 1934, as amended) of the number of shares of common stock, par value $.01 per share (“Common Stock”), of Signature credited to accounts or subaccounts maintained for such Participant under the KSOP (as defined in Section 1), as is indicated on the signature page of this Agreement.

C.Section 5.6 of the KSOP provides that each participant in the KSOP shall be entitled to direct the trustee or trustees of the KSOP (the “Trustee”) as to the manner in which any shares of Common Stock allocated to certain accounts or subaccounts of such Participant under the KSOP are to be voted.

D.Pursuant to Section 5.6 of the KSOP, and in consideration of the execution and delivery of the Merger Agreement by Heartland, each of the Participants has agreed to direct the Trustee to vote the Shares (as defined in Section 1) so as to facilitate the consummation of the Merger.

NOW, THEREFORE, intending to be legally bound, the parties hereto hereby agree as follows:
1.Certain Definitions.  Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Merger Agreement.  For all purposes of and under this Agreement, the following terms shall have the following respective meanings:

“Accounts” means, collectively, the Employer Account, the Employer Matching Account, the Employer Stock Account and any other accounts or subaccounts that hold Common Stock and are maintained for any of the Participants under the KSOP.
“Expiration Date” means the earlier to occur of (i) such date and time as the Merger Agreement shall have been validly terminated pursuant to the terms of Article 8 thereof or (ii) the Effective Time.
“KSOP” means Signature’s Employee Stock Ownership Plan and Trust effective April 1, 2015, as amended through the date hereof.
“Participant” means each of Kenneth D. Brooks, Leif E. Syverson and Daniel W. Dryer individually, and “Participants” means Kenneth D. Brooks, Leif E. Syverson and Daniel W. Dryer collectively.
“Shares” means (i) all shares of Common Stock credited to the Accounts of any Participant as of the date hereof, and (ii) all additional shares of Common Stock credited to the Accounts of any Participant during the period commencing with the execution and delivery of this Agreement and expiring on the Expiration Date.
“Transfer” means the transfer by a Participant of (or any direction to the Trustee to transfer) any Shares out of the Accounts in which the Shares are held as of the date hereof.
2.Transfer Restrictions.  At all times during the period commencing with the execution and delivery of this Agreement and expiring on the Expiration Date, Participant shall not (and shall not cause the Trustee to), except in connection 

with the Merger, Transfer any of the Shares, or discuss, negotiate, make an offer or enter into an agreement, commitment or other arrangement with respect thereto.

1.Right To Direct Voting of the Shares.

(a)As of the date hereof and for so long as this Agreement remains in effect (including as of the date of the Signature Shareholder Meeting, which, for purposes of this Agreement, includes any adjournment or postponement thereof), except for this Agreement, each of the Participants has full legal power, authority and right to direct the Trustee vote all of the Shares in favor of the approval and authorization of the Merger, the Merger Agreement and the other transactions contemplated thereby (collectively, the “Proposed Transaction”) without the consent or approval of, or any other action on the part of, any other person or entity.  Without limiting the generality of the foregoing, no Participant has entered into any voting agreement with any person or entity with respect to any of the Shares, or entered into any arrangement or agreement with any person or entity limiting or affecting such Participant’s legal power, authority or right to direct the Trustee as to the manner in which to vote the Shares on any matter.

(b)From and after the date hereof, except as otherwise permitted by this Agreement or prohibited by order of a court of competent jurisdiction, no Participant will commit any act that could restrict or otherwise affect such Participant’s legal power, authority and right to direct that the Trustee vote all of the Shares in any manner on any matter.  Without limiting the generality of the foregoing, from and after the date hereof, no Participant will enter into any agreement or arrangement with any person or entity limiting or affecting such Participant’s legal power, authority or right to direct the Trustee to vote the Shares in favor of the approval of the Proposed Transaction.

2.Agreement To Direct Voting of the Shares by Trustee.

(a)Prior to the Expiration Date, at every meeting of the shareholders of Signature called, including the Signature Shareholder Meeting, and at every adjournment or postponement thereof, and on every action or approval by written consent of the shareholders of Signature, each Participant shall cause the Trustee to ensure that the Shares are present thereat for purposes of establishing a quorum and direct the Trustee to vote the Shares (i) in favor of approval of the Proposed Transaction, (ii) against the approval or adoption of any proposal made in opposition to, or in competition with, the Proposed Transaction, and (iii) against any of the following (to the extent unrelated to the Proposed Transaction): (A) any merger, consolidation or business combination involving Signature or Signature Bank other than the Proposed Transaction; (B) any sale, lease or transfer of all or substantially all of the assets of Signature or Signature Bank; (C) any reorganization, recapitalization, dissolution, liquidation or winding up of Signature or Signature Bank; or (D) any other action that is intended, or could reasonably be expected to, impede, interfere with, delay, postpone, discourage or adversely affect the consummation of the Proposed Transaction (each of (ii) and (iii), a “Competing Transaction”).
(b)Notwithstanding any other provision of this Agreement, no Participant will be required to direct the Trustee to vote the Shares in favor of the Proposed Transaction if, and only if, Signature and Heartland amend the Merger Agreement and either (i) such amendment is not approved by the Board of Directors of Signature or a special committee thereof or (ii) such amendment results in the Participant receiving different treatment or consideration for the Shares than is received on a per share basis by the other shareholders of Signature.

3.No Solicitation.  No Participant shall directly or indirectly, (i) solicit, initiate, encourage, induce or facilitate the making, submission or announcement of any Acquisition Proposal or take any action that could reasonably be expected to lead to an Acquisition Proposal, (ii) furnish any information regarding Signature or Signature Bank to any Person in connection with or in response to an Acquisition Proposal or an inquiry or indication of interest that could reasonably be expected to lead to an Acquisition Proposal, (iii) engage in discussions or negotiations with any Person with respect to any Acquisition Proposal, (iv) approve, endorse or recommend any Acquisition Proposal or (v) enter into any letter of intent or similar document or any Contract contemplating or otherwise relating to any Acquisition Transaction.

4.Action in Participant Capacity Only.  No Participant is making any agreement or understanding herein as a director or executive officer of Signature or in the Participant’s capacity as a Trustee of the KSOP.  Each Participant is signing this Agreement solely in such Participant’s capacity as a participant in the KSOP, and nothing herein shall limit or affect any actions taken in such Participant’s capacity as a director or executive officer of Signature or in such Participant’s capacity as a Trustee of the KSOP.

5.Additional Representations and Warranties of the Participants.  Each of the Participants hereby represents and warrants to Heartland as follows: (i) the Shares set forth on the signature page of this Agreement below the Participant signature are, subject to any provisions of the KSOP, free and clear of any and all pledges, liens, security interests, claims, charges, restrictions, options or encumbrances; (ii) the Participant does not beneficially own any shares of Common Stock 

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indirectly through the KSOP other than the Shares; (iii) the Participant has full power and authority to make, enter into and carry out the terms of this Agreement; (iv) this Agreement has been duly and validly executed and delivered by the Participant and constitutes a valid and binding agreement of the Participant enforceable against the Participant in accordance with its terms; (v) the Participant is an executive officer and director of Signature, has reviewed the terms of the Merger Agreement and is familiar with the business, assets, properties, financial condition and results of operations of Signature and Heartland; and (vi) the execution and delivery of this Agreement and the performance by the Participant of such Participant’s agreements and obligations hereunder will not result in any breach or violation of or be in conflict with or constitute a default under any agreement, judgment, injunction, order, decree, law, regulation or arrangement to which the Participant is a party or by which the Participant is bound, except for any such breach, violation, conflict or default which, individually or in the aggregate, would not impair or adversely affect the Participant’s ability to perform their obligations under this Agreement or render inaccurate any of the representations made by the Participant herein.

6.Exchange of Shares; Waiver of Rights of Appraisal; Regulatory Approvals.  If the Merger is consummated, the Shares shall, pursuant to the terms of the Merger Agreement, be exchanged for the consideration provided in the Merger Agreement.  Each of the Participants hereby waives any rights to demand purchase of the Shares at fair market value as a result of the Merger, or rights to dissent from the Merger, that such Participant may have.  Each of the provisions of this Agreement is subject to compliance with applicable regulatory conditions and receipt of any required Governmental Authorization.

7.Confidentiality.  Each of the Participants recognizes that successful consummation of the transactions contemplated by the Merger Agreement may be dependent upon confidentiality with respect to the matters referred to herein.  In this connection, pending public disclosure thereof, each Participant hereby agrees not to disclose or discuss such matters with anyone not a party to this Agreement (other than such party’s counsel and advisors, if any) without the prior written consent of Heartland, except for disclosures their counsel advises are necessary in order to fulfill any Law, in which event they shall give notice of such disclosure to Heartland as promptly as practicable so as to enable Heartland to seek a protective order from a court of competent jurisdiction with respect thereto.

8.Termination.  This Agreement shall terminate and be of no further force or effect whatsoever as of the Expiration Date.

9.Miscellaneous Provisions.

(a)Amendments, Modifications and Waivers.  No amendment, modification or waiver in respect of this Agreement shall be effective against any party unless it shall be in writing and signed by Heartland and the Participant against which it is enforced.

(b)Entire Agreement.  This Agreement, the Merger Agreement and the Ancillary Documents other than this Agreement (to the extent applicable) constitute the entire agreement among the parties to this Agreement and supersede all other prior agreements and understandings and representations and warranties, both written and oral, among or between any of the parties with respect to the subject matter hereof and thereof.

(c)Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota, regardless of the laws that might otherwise govern under applicable principles of conflicts of law thereof.

(d)WAIVER OF JURY TRIAL.  EACH OF THE PARTIES IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BETWEEN THE PARTIES ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

(e)Submission to Jurisdiction.  The parties hereby irrevocably submit to the jurisdiction of the courts of the State of Minnesota or of the United States of America located in Hennepin County, Minnesota solely in respect of the interpretation and enforcement of the provisions of this Agreement, and in respect of the transactions contemplated hereby and thereby, and hereby waive, and agree not to assert, as a defense in any Litigation relating to the interpretation or enforcement of this Agreement, that such parties is not subject thereto or that such Litigation may not be brought or is not maintainable in such courts or that the venue thereof may not be appropriate or that this Agreement may not be enforced in or by such courts.  The parties hereto irrevocably agree that all claims with respect to such Litigation will be heard and determined in such courts.  The parties hereby consent to and grant to any such courts the jurisdiction over such parties and over the subject matter of such dispute, and agree that mailing of process or other papers in connection with any such Litigation in the manner provided in this Agreement or in such other manner as may be permitted by Law, will be valid and sufficient service thereof.

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(g)Attorneys’ Fees.  In any action at law or suit in equity to enforce this Agreement or the rights of any of the parties hereunder, the prevailing party in such action or suit shall be entitled to receive a reasonable sum for its attorneys’ fees and all other reasonable costs and expenses incurred in such action or suit.

(h)Assignment and Successors.  This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, including, without limitation, each Participant’s estate upon the death of such Participant, provided that, except as otherwise specifically provided herein, neither this Agreement nor any of the rights, interests or obligations of the parties hereto may be assigned by any of the parties hereto without the prior written consent of the other parties hereto, and, except that Heartland, without obtaining the consent of any other party hereto, shall be entitled to assign this Agreement or all or any of its rights or obligations hereunder to any one or more Affiliates of Heartland, but no assignment by Heartland under this Section 12(h) shall relieve Heartland of its obligations under this Agreement.  Any assignment in violation of the foregoing shall be void and of no effect.

(i)No Third Party Rights.  Nothing in this Agreement, express or implied, is intended to or shall confer upon any Person (other than the parties hereto) any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

(j)Cooperation.  Each of the Participants agrees to cooperate fully with Heartland and to execute and deliver such further documents, certificates, agreements and instruments and to take such other actions as may be reasonably requested by Heartland to evidence or reflect the transactions contemplated by this Agreement and to carry out the intent and purpose of this Agreement.  Each of the Participants agree that Heartland may publish and disclose in the Proxy Statement/Prospectus such Participant’s identity and the Participant’s indirect beneficial ownership of the Shares through participation in the KSOP, and the nature of such Participant’s commitments, arrangements and understandings under this Agreement.

(k)Severability.  If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement will remain in full force and effect.  Any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

(l)Time of Essence.  With regard to all dates and time periods set forth or referred to in this Agreement, time is of the essence.

(m)Specific Performance; Injunctive Relief.  The parties hereto acknowledge that Heartland shall be irreparably harmed and that there shall be no adequate remedy at law for a violation of any of the covenants or agreements of a Participant set forth in this Agreement.  Therefore, each of the Participants hereby agrees that, in addition to any other remedies that may be available to Heartland, as applicable upon any such violation, Heartland shall have the right to enforce such covenants and agreements by specific performance, injunctive relief or by any other means available to Heartland at law or in equity without posting any bond or other undertaking.

(n)Notices.  All notices, consents, requests, claims, demands and other communications under this Agreement shall be in writing and shall be deemed given if (a) delivered to the appropriate address by hand or overnight courier (providing proof of delivery), or (b) sent by e-mail with confirmation of transmission by the transmitting equipment confirmed with a copy delivered as provided in clause (a), in each case to the parties at the following address or e-mail address (or at such other address or e-mail address for a party as shall be specified by like notice):  (i) if to Heartland, to the address or e-mail address provided in the Merger Agreement, including to the persons designated therein to receive copies;  and (ii) if to a Participant, to such Participant’s address or e-mail address shown below such Participant’s signature on the signature page hereof.

(o)Counterparts.  This Agreement may be executed in several counterparts, each of which shall be deemed an original and all of which shall constitute one and the same instrument, and shall become effective when counterparts have been signed by each of the parties and delivered to the other parties; it being understood that all parties need not sign the same counterpart.

(p)Headings.  The headings contained in this Agreement are for the convenience of reference only, shall not be deemed to be a part of this Agreement and shall not be referred to in connection with the construction or interpretation of this Agreement.

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(q)Legal Representation.  This Agreement was negotiated by the parties with the benefit of legal representation and any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted against any party shall not apply to any construction or interpretation thereof.

(r)Several and Not Joint.  Each of the Participants makes the representations, warranties and agreements contained herein individually and severally and not jointly with any other party or Person.

[The remainder of this page is intentionally blank.]

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IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed as of the date first above written.
	
		
	HEARTLAND FINANCIAL USA, INC.

	 
	 

	By:
	/s/ Lynn B. Fuller

	 
	Lynn B. Fuller

	 
	Chairman of the Board and

	 
	Chief Executive Officer

	
		
	PARTICIPANTS:
	 

	 
	 

	/s/ Kenneth D. Brooks

	Kenneth D. Brooks
	 

	 
	 

	Address:
	c/o Signature Bancshares, Inc.
9800 Bren Road East, Suite 200
Minnetonka, MN 55343

	Telephone:
	(952) 936-7800

	E-Mail:
	kbrooks@signaturebankonline.com

	Number of Shares:
	1,382,624

	
		
	/s/ Leif E. Syverson

	Leif E. Syverson
	 

	 
	 

	Address:
	c/o Signature Bancshares, Inc.
9800 Bren Road East, Suite 200
Minnetonka, MN 55343

	Telephone:
	(952) 936-7800

	E-Mail:
	lsyverson@signaturebankonline.com

	Number of Shares:
	623,778

	
		
	/s/ Daniel W. Dryer

	Daniel W. Dryer
	 

	 
	 

	Address:
	c/o Signature Bancshares, Inc.
9800 Bren Road East, Suite 200
Minnetonka, MN 55343

	Telephone:
	(952) 936-7800

	E-Mail:
	dan@leasefinance.com

	Number of Shares:
	299,580

[Signature page for KSOP Pass-Through Voting Instruction Agreement]

6CONSOLIDATED,
AMENDED AND RESTATED PROMISSORY NOTE

 

	$62,539,366.08	Executed
    in the City of Houston, State of Texas
	 	Dated
    as of December 14, 2017

 

The
undersigned, RCI HOLDINGS, INC., a Texas corporation (“Maker” or “Borrower”), promises to pay to the order
of CENTENNIAL BANK (hereinafter, together with any holder hereof, called, “Payee” or “Lender” or “Holder”),
at its office at 6300 NE First Avenue, Suite 300, Fort Lauderdale, Florida 33334 or at such other place as Payee may from time
to time designate, the principal sum of Sixty-Two Million Five Hundred Thirty-Nine Thousand Three Hundred Sixty-Six and 08/100
Dollars ($62,539,366.08) together with interest thereon from the date hereof at the interest rate set forth herein, which sums
are to be repaid as follows:

 

This
Note shall initially bear interest at a fixed interest rate of 5.75% per annum through December 14, 2022 (the “Adjustment
Date”), at which time the interest rate shall adjust to a fixed rate equal to the weekly average yield on U.S. Treasury
Securities adjusted to a constant maturity for a term of five (5) years, as made available by the Federal Reserve Board (Federal
Reserve Board Release H.15) as most recently published prior to the Adjustment Date (rounded upwards to the nearest 1/8 of 1%)
plus 350 basis points, provided in no event shall the interest rate be less than 5.75% per annum. The interest rate as adjusted
following the Adjustment Date shall be in effect for the remaining five (5) years of the term of this Note. Monthly payments of
principal and interest in the amount of $442,058.35 (based on a 20-year amortization period) shall initially be due and payable
under this Note, with the first payment due and payable on the 14th day of January, 2018, with like payments of principal
and interest due and payable on the 14th day of each month thereafter through the Adjustment Date. Following the Adjustment
Date, the monthly payments of principal and interest shall adjust based upon the new interest rate and the remaining amortization
period, with such payments of principal and interest due and payable on the 14th day of each month thereafter commencing
on January 14, 2023 and continuing through and until December 14, 2027 (the “Maturity Date”) at which time the entire
principal balance of this Note together with all accrued and unpaid interest thereon shall be due and payable in full.

 

In
addition to the monthly principal and interest payments as provided above, Maker shall pay to Payee, payable with each such monthly
installment of principal and interest under this Note, an additional principal payment of $250,000.00 (the “Additional Principal
Payment”), commencing with the first principal and interest payment due hereunder and such Additional Principal Payment
shall continue to be paid by Maker with each monthly payment of principal and interest as provided above, until such time as Payee
has determined, in its sole discretion, that the Loan-to-Value ratio of the Properties securing this Note, based upon the aggregate
reduced principal balance of this Note and the “Other Notes” (as defined below) and the then current value of the
Properties, shall be not greater than 65%. Payee shall, in its sole discretion, determine the value of the Properties from time
to time to determine if the required Loan-to-Value has been achieved, at which point Payee shall notify Maker in writing that
the Additional Principal Payment shall cease to be required.

 

    	 	 	 

     

    

 

Interest
charged under this Note shall be computed on the basis of a 360-day year for the actual number of days elapsed. All payments hereunder
shall be made in such coin or currency of the United States of America as at the time of payment shall be legal tender for the
payment of public and private debts. Unless otherwise agreed or required by applicable law, payments will be applied first to
any escrow or reserve account payments as required under any mortgage, deed of trust, or other security instrument or security
agreement securing this Note; then to any late charges; then to any accrued unpaid interest; and then to principal.

 

In
order to compensate Payee for loss and expense occasioned by handling delinquent payments, which include, but are not limited
to, the cost of processing and collecting delinquencies, Maker shall pay to Payee, in addition to any interest or other sums payable
under this Note, a service charge equal to five percent (5%) of the amount of any payment not received by Payee within ten (10)
days of the due date thereof.

 

This
Note may be prepaid in whole or in part at any time without premium or penalty; provided, however, in the event any prepayment
is made during the initial eight (8) years of the term of this Note, Borrower shall pay the following prepayment fees: (i) in
the event of a prepayment during years 1 and 2 of the term, an amount equal to five percent (5%) of the amount prepaid shall be
due and payable; (ii) in the event of a prepayment during years 3 and 4 of the term, an amount equal to four percent (4%) of the
amount prepaid shall be due and payable; (iii) in the event of a prepayment during years 5 and 6 of the term, an amount equal
to three percent (3%) of the amount prepaid shall be due and payable; and (iv) in the event of a prepayment during years 7 and
8 of the term, an amount equal to two percent (2%) of the amount prepaid shall be due and payable. Any partial prepayment shall
be applied in inverse order of maturity and will not reduce or delay the payment of the next regularly scheduled payment. Notwithstanding
the foregoing, no prepayment fees shall be payable as to principal paydowns made in connection with partial releases of a Property.

 

From
and after the date upon which any payment of principal or interest hereunder becomes due and payable (whether by acceleration
or otherwise) or any other monetary default if the same is not paid within ten (10) days of the due date, or upon the occurrence
of any non-monetary default under this Note or any non-monetary default under any of the Loan Documents which is not cured within
thirty (30) days after written notice of said non-monetary default unless such default does not involve the payment of money and
cannot be cured within such thirty (30) day period with diligent efforts and (i) Maker has been and continues to diligently and
in good faith pursue a cure thereof; and (ii) notifies Payee in writing of the cure it is pursuing and the projected completion
date of such cure, then the time allowed Maker to cure the default shall be extended for such period as may be reasonably necessary
for the prompt, diligent and good faith cure thereof, but such period shall not exceed sixty (60) days after the date of Payee’s
written notice of default to Maker, interest shall be payable on all sums outstanding hereunder at the lesser of: (i) the maximum
rate permitted by applicable law if any, or (ii) twenty-five percent (25%) per annum (the “Default Rate”), and shall
be due and payable ON DEMAND. Any judgment obtained by Payee against Maker as to any amounts due under this Note shall also bear
interest at the Default Rate.

 

    	 	2	 

     

    

 

Borrower
shall establish and maintain a satisfactory depository relationship with Lender throughout the term of the loan evidenced by this
Note (the “Loan”) including without limitation, all accounts related to the Tenant Leases and the Property (as such
terms are defined in the Loan Agreement). Borrower recognizes that the establishment and maintenance of such depository relationship
was an important factor and a material inducement to Lender in establishing the terms and conditions, including the interest rate,
of the Loan. In the event that Borrower fails to maintain said depository relationship at any time during the term of the Loan,
the interest rate charged under this Note will increase by one percent (1.0%) per annum at that time.

 

This
Note is secured by certain security documents encumbering the property described therein, including, without limitation, the following:

 

	 	A.	Certain
    Mortgages, Security Agreement, Fixture Filing and Assignment of Rents, Leases and Deposits (the “Mortgages”).
	 	B.	Certain
    Deeds of Trust, Assignment of Rents, Security Agreement and Fixture Filing (the “Deeds of Trust”).
	 	C.	UCC-1
    Financing Statements.
	 	D.	Assignment
    of Rents, Leases and Deposits.
	 	E.	Loan
    Agreement (capitalized terms not otherwise defined herein shall have the meanings set forth in the Loan Agreement).
	 	F.	Collateral
    Assignment of Rights and Agreements Affecting Real Estate.
	 	G.	Associated
    affidavits, disclosures and miscellaneous loan documentation.

 

This
Note, all documents listed above, and any other documents executed in connection with this Note, are collectively referred to
as the “Loan Documents”.

 

In
the event of the continuation of any default in the payment of any interest or principal or other amounts due under this Note
for a period of ten (10) days after such payment becomes due, or upon the occurrence of any non-monetary event of default under
the terms and provisions of this Note or upon the occurrence of any monetary or non-monetary default under any of the Loan Documents,
or any other documents delivered to Payee in connection with this Note, or any other obligation of Maker to Payee, then Payee
upon expiration of any applicable grace or cure period may declare the entire unpaid principal amount outstanding hereunder, together
with interest accrued thereon and any other lawful charges accrued hereunder, immediately due and payable.

 

    	 	3	 

     

    

 

Maker
and any endorsers, sureties, guarantors, and all others who are, or at some future date may become, liable for the payments required
hereunder grant a continuing first lien security interest in and to, and authorize Payee, in its sole discretion at any time after
an event of default hereunder and after expiration of any applicable grace or cure period, in such order as Payee may elect, to
apply to the payment of obligations due and owing hereunder, or to the payment of any and all indebtedness, liabilities and obligations
of such parties to Payee, whether now existing or hereafter created, any and all monies, general or specific deposits, or collateral
of whatsoever nature of any of the above noted parties, now or hereafter in the possession of Payee. All property described in
this paragraph above, along with all property secured by the Loan Documents, including all proceeds thereof and rights in connection
therewith, together with additions and substitutions, are hereinafter collectively referred to as the “Collateral”.

 

Additions
to, releases, reductions, or exchanges of or substitutions for the Collateral, payments on account of this Note, or increases
of the same, or other loans made partially or wholly upon the Collateral, may from time to time be made without affecting the
provisions of this Note or the liabilities of any party hereto. If any of the Collateral is personal property, Payee shall exercise
reasonable care in the custody and preservation of the Collateral in its possession, and shall be deemed to have exercised reasonable
care if it takes such action for that purpose as Maker shall reasonably request in writing, but no omission to comply with any
request of Maker shall of itself be deemed a failure to exercise reasonable care. Payee shall not be bound to take any steps necessary
to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps for such purposes. Payee
or its nominee need not collect interest on or principal of any Collateral or give any notice with respect thereto.

 

Upon
the happening of any of the following events, each of which shall constitute a default hereunder, all sums due hereunder shall
thereupon or thereafter, at Payee’s option, without notice or demand, become immediately due and payable: (a) failure of
any Obligor (which term shall mean and include each Maker, endorser, surety, guarantor, general partner of Maker or other party
liable for payment of or pledging collateral or security under this Note) to pay any sum due hereunder within ten (10) days of
the date due or due by any Obligor to Payee under any other promissory note or under any security instrument or written obligation
of any kind now existing or hereafter created; (b) occurrence of non-monetary default under any of the Loan Documents or any other
loan agreement or security instrument now or hereafter in effect which, by its terms, covers this Note or the indebtedness evidenced
hereby and such default shall continue for thirty (30) days after the date of written notice thereof from Payee to Maker, unless
such default does not involve the payment of money and cannot be cured within such thirty (30) day period with diligent efforts
and (i) Maker has been and continues to diligently and in good faith pursue a cure thereof; and (ii) Maker notifies Payee in writing
of the cure it is pursuing and the projected completion date of such cure, then the time allowed Maker to cure the default shall
be extended for such period as may be reasonably necessary for the prompt, diligent and good faith cure thereof, but such period
shall not exceed sixty (60) days after the date of Payee’s written notice of default to Maker; (c) filing of any petition
under the Bankruptcy Code or any similar federal or state statute by any Obligor or the filing of any petition under the Bankruptcy
Code or any similar federal or state statute against any Obligor or for a custodian, receiver or trustee of any of Obligor’s
property, which is not dismissed within sixty (60) days, or if Obligor is adjudged insolvent by any state or federal court of
competent jurisdiction; (d) making of a general assignment by any Obligor for the benefit of creditors, or any proceeding for
dissolution or liquidation of any Obligor; (e) entry of a judgment against any Obligor (other than Maker) in an amount in excess
of $1,000,000 and which judgment is not discharged (by payment, bonding or otherwise) within sixty (60) days of its date of entry;
or entry of a judgment against Maker, which judgment is not discharged (by payment, bonding or otherwise) within sixty (60) days
of its entry; (f) material falsity, at the time made, in any certificate, statement, representation, warranty or audit furnished
to Payee by or on behalf of any Obligor pursuant to or in connection with this Note, the Loan Documents or any loan agreement
or security agreements now or hereafter in effect which, by its terms, covers this Note or the indebtedness evidenced hereby or
otherwise including any omission to disclose any substantial contingent or liquidated liabilities or any material adverse change
in any facts disclosed by any certificate, statement, representation, warranty or audit furnished to Payee; (g) issuance of any
writ of attachment or writ of garnishment or filing of any lien against any substantial portion of the property of any Obligor,
which writ of attachment, writ of garnishment or lien is not discharged ( by payment, bonding or otherwise) within sixty (60)
days of its date of entry; (h) taking of possession of the Collateral or any material part thereof at the instance of any governmental
authority or the taking of possession of any substantial part of the property of any Obligor at the instance of any governmental
authority; (i) dissolution, termination, merger, consolidation, or reorganization of any Obligor; (j) assignment or sale by any
Obligor of any equity in any Collateral securing payment of this Note without the prior written consent of Payee; (k) cancellation
of any guaranty with respect hereto without the prior written consent of Payee; (l) occurrence of any default under any guaranty
executed in connection with this Note or under any obligation of Maker or of any Obligor to Payee, which default is not cured
within any applicable grace period or (m) the occurrence of a default under either the Other Notes as defined below.

 

    	 	4	 

     

    

 

Payee
shall have all of the rights and remedies of a creditor, mortgagee and secured party under all applicable law. Without limiting
the generality of the foregoing, upon the occurrence of any default hereunder which is not cured within any applicable grace period,
Payee may, at its option, and without notice or demand (i) declare the entire unpaid principal and accrued interest accelerated
and due and payable at once, together with any and all other liabilities of Maker or any of such liabilities selected by Payee;
and (ii) set-off against this Note all monies owed by Payee in any capacity to Maker, whether or not due, and also set-off against
all other liabilities of Maker to Payee all monies owed by Payee in any capacity to Maker, and Payee shall be deemed to have exercised
such right of set-off, and to have made a charge against any such money immediately upon the occurrence of such default, although
made or entered on the books subsequent thereto. To the extent that any of the Collateral is personal property and Payee elects
to proceed with respect to it in accordance with the Uniform Commercial Code then, unless that collateral is perishable or threatens
to decline speedily in value, or is of a type customarily sold on a recognized market, Payee will give Maker reasonable notice
of the time and place of any public or private sale thereof. The requirement of reasonable notice shall be met if such notice
is, at the option of Payee, hand delivered, sent via expedited courier, or mailed, postage pre-paid to Maker, at the address given
to Payee by Maker, or at any other address shown on the records of Payee at least ten (10) days before the time of sale. Upon
disposition of any Collateral after the occurrence of any default hereunder, Maker shall be and shall remain liable for any deficiency;
and Payee shall account to Maker for any surplus, but Payee shall have the right to apply all or part of such surplus (or to hold
the same as reserve) against any and all other liabilities of Maker to Payee.

 

Payee
may, at any time, if there is a default in the Note which is not cured within any applicable grace period: (i) pledge or transfer
this Note and its interest in the Collateral, and the pledgee or the transferee shall, for all purposes, stand in the place of
Payee and have all the rights of Payee set forth herein; (ii) transfer the whole or any part of the Collateral into the name of
itself or its nominee; (iii) vote the Collateral; (iv) notify Maker to make payment to Payee of any amounts due or to become due
thereon; (v) demand, sue for, collect, or make any compromise or settlement it deems desirable with reference to the Collateral;
(vi) take possession or control of any proceeds of the Collateral; and (vii) exercise all other rights necessary or required,
in Payee’s discretion, in order to protect its interests hereunder.

 

In
no event shall Payee be entitled to unearned or unaccrued interest or other charges or rebates, except as may be authorized by
law, and should any interest or other charges paid by Maker or other parties liable for the payment of this Note result in the
computation or earning of interest in excess of the maximum rate of interest that is legally permitted under applicable law, then
any and all such excess shall be and the same is hereby waived by Payee, and any and all such excess shall be automatically credited
against and reduce the balance due under this indebtedness, and the portion of said excess which exceeds the balance due under
this indebtedness, shall be paid by Payee to Maker and parties liable for the payment of this Note. Payee may, in determining
the maximum rate permitted under applicable law in effect from time to time, take advantage of (i) the maximum rate of interest
permitted under Florida law or federal law, whichever is higher, including any laws regarding parity among lenders; and (ii) any
other law, rule or regulation in effect from time to time available to Payee, which exempts Payee from any limit upon the rate
of interest it may charge, or grants to Payee the right to charge a higher rate of interest than that permitted by Chapter 687,
Florida Statutes. In determining whether or not the interest paid or payable under any specific contingency exceeds the highest
lawful rate, Payee shall, to the maximum extent permitted under applicable law (a) characterize any non-principal payment as an
expense, fee or premium rather than as interest, (b) exclude voluntary prepayments and the effects thereof, and (c) “spread”
the total amount of interest throughout the maximum term of the obligation so that the interest rate is uniform throughout the
entire term of the obligation.

 

The
provisions of this Note and the Loan Documents (other than the Mortgages, Deeds of Trusts and Assignment of Rents, Leases and
Deposits, which shall be governed by the laws of the applicable States as provided therein) shall be construed according to the
internal laws (and not the laws of conflicts) of the State of Florida; except as set forth above, if Federal law would allow the
payment of interest hereunder at a higher maximum rate than would be applicable under Florida law, in which case such Federal
law shall apply to the determination of the highest applicable lawful rate of interest hereunder.

 

    	 	5	 

     

    

 

No
delay or omission on the part of Payee in exercising any right hereunder shall operate as a waiver of such right or of any other
rights under this Note. Presentment, demand, protest, notice of dishonor and all other notices are hereby waived by Maker. Maker
promises and agrees to pay all costs of collection and attorneys’ fees, which shall include reasonable attorneys’
fees in connection with any suit, out of court, in trial, on appeal, in bankruptcy proceedings or otherwise, incurred or paid
by Payee in enforcing this Note or preserving any right or interest of Payee set forth herein. Any notice to Maker shall be sufficiently
served for all purposes if placed in the mail, postage prepaid, addressed to, or left upon the premises at the address of Maker
as provided to Payee.

 

This
Note is not assumable without Payee’s prior written consent, which consent may be granted by Payee or denied by Payee, in
Payee’s sole and absolute discretion.

 

Maker
agrees that at Payee’s sole option, Broward County, Florida or Miami-Dade County, Florida shall be the proper venue for
any and all legal proceedings arising out of this Note, or any of the Loan Documents (other than the Mortgages, Deeds of Trusts
and Assignment of Rents, Leases and Deposits).

 

This
Note and the other Loan Documents constitute the sole agreement of the parties with respect to the transaction contemplated hereby
and supersede all oral negotiations and prior writings with respect thereto. No waivers, amendments or modifications of this Note
and other Loan Documents shall be valid unless in writing and signed by an authorized officer of the Lender. No waiver by Lender
of any default shall operate as a waiver of any other default or the same default on a future occasion. Neither the failure nor
any delay on the part of the Lender in exercising any right, power, or remedy under this Note and other Loan Documents shall operate
as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise thereof or the exercise
of any other right, power or remedy.

 

THIS
CONSOLIDATED, AMENDED AND RESTATED PROMISSORY NOTE CONSTITUTES AN AMENDMENT, RESTATEMENT AND CONSOLIDATION OF (i) THAT CERTAIN
PROMISSORY NOTE DATED JANUARY 7, 2016, IN THE ORIGINAL PRINCIPAL AMOUNT OF $10,000,000.00, EXECUTED BY MAKER IN FAVOR OF CONNECTONE
BANK, WHICH NOTE HAS BEEN ASSIGNED BY CONNECTONE BANK TO PAYEE AND WHICH NOTE (AS OF THE DATE HEREOF) HAS AN OUTSTANDING PRINCIPAL
BALANCE OF $9,617,126.67 AND (ii) THAT CERTAIN GAP SECURED PROMISSORY NOTE DATED OF EVEN DATE HEREWITH, IN THE PRINCIPAL AMOUNT
OF $52,922,239.41, EXECUTED BY MAKER IN FAVOR OF PAYEE (COLLECTIVELY, THE “EXISTING NOTES”). THE TOTAL OUTSTANDING
PRINCIPAL INDEBTEDNESS ON THE DATE HEREOF EVIDENCED BY THE EXISTING NOTES IS $62,539,366.08. IN THE EVENT OF A CONFLICT BETWEEN
THE TERMS AND PROVISIONS OF THE EXISTING NOTES AND THE TERMS AND PROVISIONS OF THIS NOTE, THE TERMS AND PROVISIONS OF THIS NOTE
SHALL GOVERN, CONTROL AND PREVAIL SUCH THAT THE TERMS AND PROVISIONS OF THIS NOTE SHALL GOVERN THE REPAYMENT, TERMS AND CONDITIONS
AND ALL OTHER TERMS AND CONDITIONS OF THE INDEBTEDNESS EVIDENCED BY THE EXISTING NOTES, AS CONSOLIDATED, AMENDED, RESTATED AND
REPLACED BY THIS NOTE. THE EXISTING NOTES ARE ATTACHED HERETO.

 

    	 	6	 

     

    

 

IN
ADDITION TO THIS NOTE, MAKER HAS EXECUTED THE FOLLOWING PROMISSORY NOTES DATED CONCURRENTLY HEREWITH IN FAVOR OF PAYEE (COLLECTIVELY,
THE “OTHER NOTES”): (A) THAT CERTAIN AMENDED AND RESTATED PROMISSORY NOTE IN THE PRINCIPAL AMOUNT OF $8,147,572.57
AND (B) THAT CERTAIN AMENDED AND RESTATED PROMISSORY NOTE IN THE PRINCIPAL AMOUNT OF $10,558,311.35. IN THE EVENT OF ANY DEFAULT
BY MAKER UNDER EITHER OF THE OTHER NOTES, SUCH DEFAULT SHALL, AT THE OPTION OF PAYEE, BE AND CONSTITUTE A DEFAULT UNDER THIS NOTE
AND IN THE EVENT OF ANY DEFAULT UNDER THIS NOTE, SUCH DEFAULT SHALL BE AND CONSTITUTE, AT THE OPTION OF PAYEE, A DEFAULT BY MAKER
UNDER THE OTHER NOTES. IN THE EVENT OF ANY SUCH DEFAULTS, PAYEE SHALL BE ENTITLED TO EXERCISE ALL REMEDIES PROVIDED TO PAYEE UNDER
THIS NOTE, THE OTHER NOTES AND ALL OTHER LOAN DOCUMENTS EXECUTED BY MAKER IN CONNECTION HEREWITH OR THEREWITH. THE OTHER NOTES
AND THIS NOTE ARE HEREBY CROSS-COLLATERALIZED AND ALL COLLATERAL SECURING EITHER ONE OF THE NOTES SHALL SECURE EACH OF THE NOTES.

 

WAIVER
OF TRIAL BY JURY. MAKER AND HOLDER HEREBY MUTUALLY, KNOWINGLY, WILLINGLY, INTENTIONALLY AND VOLUNTARILY WAIVE THEIR RIGHT
TO TRIAL BY JURY AND NO PARTY, NOR ANY ASSIGNEE, SUCCESSOR, HEIR, OR LEGAL REPRESENTATIVE OF THE PARTIES (ALL OF WHOM ARE HEREINAFTER
REFERRED TO AS THE “PARTIES”) SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM, OR ANY OTHER LITIGATION
PROCEEDING BASED UPON OR ARISING OUT OF THIS NOTE OR THE LOAN DOCUMENTS, OR ANY INSTRUMENT EVIDENCING, SECURING, OR RELATING TO
THE INDEBTEDNESS AND OTHER OBLIGATIONS EVIDENCED HEREBY OR ANY RELATED AGREEMENT OR INSTRUMENT, ANY OTHER COLLATERAL FOR THE INDEBTEDNESS
EVIDENCED HEREBY OR ANY COURSE OF ACTION, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS RELATING TO THE
LOAN OR TO THIS NOTE. THE PARTIES ALSO WAIVE ANY RIGHT TO CONSOLIDATE ANY ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED, WITH ANY
OTHER ACTION IN WHICH A JURY TRIAL HAS NOT BEEN WAIVED. THE PROVISIONS OF THIS PARAGRAPH HAVE BEEN FULLY NEGOTIATED BY THE PARTIES.
THE WAIVER CONTAINED HEREIN IS IRREVOCABLE, CONSTITUTES A KNOWING AND VOLUNTARY WAIVER, AND SHALL BE SUBJECT TO NO EXCEPTIONS.
HOLDER HAS IN NO WAY AGREED WITH OR REPRESENTED TO MAKER OR ANY OTHER PARTY THAT THE PROVISIONS OF THIS PARAGRAPH WILL NOT BE
FULLY ENFORCED IN ALL INSTANCES.

 

THE
PROPER FLORIDA DOCUMENTARY STAMP TAX HAS BEEN PAID WITH THE RECORDATION OF THE MORTGAGE SECURING THIS PROMISSORY NOTE.

 

	 	RCI HOLDINGS, INC., a Texas
    corporation

 

	 	By:	/s/
    Eric Langan
	 	 	Eric
    Langan, President

 

    	 	7	 

     

    

 

STATE
OF TEXAS

COUNTY
OF HARRIS

 

The
foregoing instrument was acknowledged before me this 11th day of December, 2017 by Eric Langan, as President of, and
on behalf of, RCI HOLDINGS, INC., a Texas corporation, who (_X_) is personally known to me or (____) produced a driver’s
license as identification.

 

		/s/
	 	Notary
    Public - State and County Aforesaid
	 	Print
    Name:
	 	My
    Commission Expires:
	 	 
	 	(Signed
    as a Notary and not as a Maker or 
	 	Obligor
    of this Note.)

 

    	 	8

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