Document:

RESTITUTION AGREEMENT

      This Restitution Agreement (the "Agreement"), dated as of May 20, 2003
(the "Execution Date"), is made by and among MICHAEL W. GULLION ("Gullion") and
GOLD BANK, a Kansas banking corporation (the "Bank").

                                    RECITALS

      A.   Gullion  formerly  served as the  Chairman of the Board,
President and Chief  Executive  Officer of the Bank and Chairman of
the Board and Chief  Executive  Officer  of Gold Banc  Corporation,
Inc., a Kansas corporation (the "Corporation").

      B. During the course of his employment by the Bank, Gullion used funds
belonging to the Bank acknowledged by Gullion to be $1,973,113.03 as specified
by date and description on Exhibit A (the "Agreed Restitution Obligations"), but
which the Bank believes are in excess of that amount.

      C. Gullion has agreed to reimburse the Bank for that amount plus interest
at the Contract Rate (as defined below) from the date such funds were so used by
Gullion as shown on Exhibit A attached hereto until the date such funds are
reimbursed to the Bank (the "Restitution Interest").

                                    AGREEMENT

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

     1. Definitions. When used in this Agreement, the following terms shall have
the meanings assigned thereto:

          (a) "Agreed Restitution Obligations" shall have the meaning specified
     in Recital B of this Agreement.

          (b) "Business Day" means any day that is not a Saturday, Sunday, or
     other day on which national banks are authorized or required to close.

          (c) "Collateral" means the LaSalle Collateral and Gullion's membership
     interest in I-435/Nall, L.L.C. which represents fifty percent (50%) of all
     of the membership interest in such L.L.C. (the "L.L.C. Interest").

          (d) "Contract Rate" means the Prime Rate as published from time to
     time in the Money Rates section of The Wall Street Journal, adjusted
     quarterly on the last day of each calendar quarter.

          (e) "LaSalle" means LaSalle Bank, National Association.

<PAGE>

          (f) "LaSalle Collateral" means the 640,792 shares of common stock of
     the Corporation owned by Gullion and pledged to LaSalle to secure repayment
     of the LaSalle Obligations.

          (g) "LaSalle Obligations" means the indebtedness owed by Gullion to
     LaSalle under the Promissory Note dated November 27, 2002 in the original
     principal amount of $4,000,000.00 from Gullion, as maker, payable to the
     order of LaSalle.

          (h) "Pledge Agreement" means the Pledge and Security Agreement of even
     date herewith among the Pledgor and the Bank pursuant to which the Pledgor
     agrees to pledge, and grants a security interest in, the Collateral
     described therein to the Bank in order to secure payment of the Agreed
     Restitution Obligations, said Pledge Agreement to be substantially in the
     form attached hereto as Exhibit B.

          (i) "Pledgor" means Gullion.

          (j) "Restitution Interest" shall have the meaning specified in Recital
     C of this Agreement.

          (k) "Security Documents" means any security agreement, pledge
     agreement, mortgage, deed of trust, collateral assignment, control
     agreement or other agreement pursuant to which Gullion now or hereafter
     grants to the Bank a lien on, or security in, property or assets to secure
     payment of the Agreed Restitution Obligations and the Restitution Interest,
     including, without limitation, the Pledge Agreement.

     2.  Agreement to Pay Restitution. Gullion hereby agrees to pay to the Bank
(or the assignee(s) of the Bank): (a) the Agreed Restitution Obligations, plus
(b) Restitution Interest (the sum of the Agreed Restitution Obligations plus
Restitution Interest is hereinafter collectively referred to as the "Total
Agreed Restitution Amount"), in each case in the manner and at the time
specified in Section 5 below.

     3.  Security. In order to secure payment of the Total Agreed Restitution
Amount together with any interest thereon at the Default Rate if such amount is
not paid when due, the Pledgor covenants and agrees to execute and deliver to
the Bank (or the assignee(s) of the Bank) on the date hereof the Pledge
Agreement in order to (i) grant to the Bank (or the assignee(s) of the Bank) a
first priority, perfected security interest in or lien on the Collateral
(excluding the LaSalle Collateral), and (ii) grant to the Bank a second
priority, perfected security interest in or lien on the LaSalle Collateral.
Gullion agrees to execute such additional Security Documents and deliver such
Security Documents to the Bank (or the assignee(s) of the Bank) within five (5)
calendar days after demand by the Bank (or the assignee(s) of the Bank).

     4.  Representations and Warranties. Gullion represents and warrants to the
Bank (or the assignee(s) of the Bank) that: (a) there is presently due and owing
on the LaSalle Obligations $4,000,000.00 in principal, interest has been paid
through May 1, 2003, and interest is accruing on the unpaid principal balance
after May 1, 2003 at the rate of $472.22222 per day, (b) as of the Execution
Date, Gullion is solvent, both before and after giving effect to the
transactions described in this Agreement, excluding any assets that are exempt
from levy and execution under applicable federal or state law, (c) neither
Gullion's wife nor any other party has any right, title or

                                       2

<PAGE>

interest (including, without limitation, any marital interest) in any of the
Collateral, except as set forth in the first sentence of Section 5 of this
Agreement.

     5.  Disposition of Collateral. (a) The Bank acknowledges that: (a) the
LaSalle Collateral is subject to a right of first refusal in favor of Allen D.
Petersen ("Petersen") and William F. Wright ("Wright") created under a Proxy
Agreement/Shareholder Agreement dated September 15, 1996 among Gullion, Wright
and Petersen (the "Shareholder Agreement"), and (b) the LaSalle Collateral is
subject to a prior security interest in favor of LaSalle to secure payment of
the LaSalle Obligations. If Petersen and/or Wright exercise their right of first
refusal and purchase the LaSalle Collateral or any portion thereof pursuant to
the Shareholder Agreement, the proceeds of such sale will be applied first to
the LaSalle Obligations until such obligations are paid in full, then to the
Total Agreed Restitution Amount and then to Gullion. The Bank and Gullion agree
that if Petersen and Wright: (i) waive in writing their respective rights of
first refusal contained in the Shareholder Agreement, (ii) exercise their right
of first refusal for less than all of the LaSalle Collateral, or (iii) allow the
right of first refusal to expire without further action by Petersen or Wright,
the Bank (or the Bank's assignee(s)) will have the option to purchase from
Gullion, and Gullion shall, upon exercise of such option, sell to the Bank (or
the Bank's assignee(s)), such portion of the LaSalle Collateral that is not
purchased by Petersen and Wright (the "Remaining LaSalle Collateral") with an
aggregate Purchase Price (as defined below) equal to (a) the sum of the LaSalle
Obligations and the Total Agreed Restitution Amount less (b) the aggregate
purchase price of the shares purchased by Petersen and Wright (the "Maximum Bank
Purchase Price") (or, if the Maximum Bank Purchase Price is greater than the
aggregate Purchase Price (as defined below) of the Remaining LaSalle Collateral,
then all of the Remaining LaSalle Collateral may be purchased by the Bank (or
the Bank's assignee(s)) in exchange for the consideration described below. The
closing of such purchase shall take place on a date specified by the Bank (or
the Bank's assignee(s)) which is not more than three (3) business days after the
first to occur of (i) through (iii) above (the "Stock Closing Date"). The
LaSalle Collateral shall be valued on a per share basis at a price equal to the
average closing price of shares of the Corporation's common stock on NASDAQ for
the ten (10) trading days immediately preceding the Stock Closing Date
multiplied by the number of shares to be purchased (the "Purchase Price"). The
Purchase Price will be payable on the Stock Closing Date as follows (after
giving effect to the application of the purchase price for any of the LaSalle
Collateral purchased by Wright and Petersen): (A) any remaining LaSalle
Obligations will be paid in full by wire transfer to LaSalle, and (B) the
balance of the Purchase Price will be paid by offsetting against the unpaid
balance of the Total Agreed Restitution Amount. On the Stock Closing Date,
Gullion will endorse and instruct LaSalle to deliver to the Bank (or the Bank's
assignee(s)) the certificates representing the LaSalle Collateral purchased by
the Bank (or the Bank's assignee(s)) in form satisfactory to the Bank (or the
Bank's assignee(s)), free and clear of all liens, claims and encumbrances with
any remaining amount going to Gullion. Gullion agrees to give Petersen and
Wright the notice called for by Section 4 of the Shareholders Agreement on the
Execution Date with respect to the proposed sale of the LaSalle Collateral
pursuant to this Agreement, shall accompany that notice with a copy of this
Agreement, and shall provide the Bank with a copy of such notice on the
Execution Date.

     (b) If the Total Agreed Restitution Amount has not been repaid in full from
the sale of the LaSalle Collateral on the Stock Closing Date, Gullion shall
remain liable to the Bank (or the Bank's assignee(s)) for any such amount
remaining unpaid ("True-Up Amount") plus interest

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<PAGE>

thereon at the Contract Rate ("True-Up Interest") (the sum of True-Up Amount
plus True-Up Interest is hereinafter collectively referred to as the "Total
True-Up Amount") and Gullion shall be obligated to pay the Bank (or the Bank's
assignee(s)) the Total True-Up Amount by wire transfer on a date which is sixty
(60) days after the Stock Closing Date (or if such date is not a Business Day,
then on the next Business Day after such 60th Day) (the "Second Closing Date").
Gullion agrees to use his reasonable best efforts to obtain the cash necessary
to pay the Total True-Up Amount on the Second Closing Date which shall include,
without limitation, finding a buyer to purchase L.L.C. Interest during such 60
day period. If Gullion fails to pay the Total True-Up Amount on the Second
Closing Date ("Second Closing Payment Default"), then the Bank (or the Bank's
assignee(s)) shall be entitled to immediately foreclose upon the L.L.C. Interest
and exercise all of its rights as a secured creditor under the Uniform
Commercial Code of Kansas and under the Security Documents and apply the
proceeds from any sale of the L.L.C. Interest to reimburse the Bank (or the
Bank's assignee(s)) for the Total True-Up Amount, plus interest thereon at the
Contract Rate until the Total True-Up Amount is fully reimbursed to the Bank (or
the Bank's assignee(s)) with any remaining proceeds paid to Gullion. If a Second
Closing Payment Default occurs, Gullion agrees to execute and deliver all
instruments and documents necessary or appropriate to transfer and convey good
and marketable title to the L.L.C. Interest, free and clear of all liens, claims
and encumbrances.

     (c) Termination of Pledge Agreement. If the proceeds from the
above-described disposition of Collateral pay in full the Total Agreed
Restitution Amount as provided under this Agreement, the Pledge Agreement and
the Bank's security interest in the Collateral will terminate and Gullion will
have no further obligations under this Agreement.

     6.  Reservation of Rights. Gullion hereby acknowledges and agrees that (a)
the Bank, the Corporation and its subsidiaries, and all their respective
directors, officers, employees, agent, representatives, consultants, attorneys,
accountants, and all their predecessors, successors and assigns (all of the
foregoing hereinafter called the "Reserved Parties") retain all of their legal
and equitable rights against Gullion, and (b) the Reserved Parties are not
granting any release of any liability or obligation which Gullion owes to any of
the Reserved Parties, except that the Reserved Parties agree to forbear from
filing any legal action with respect to the Agreed Restitution Obligations prior
to the Second Closing Date; provided, however, that no such forbearance shall be
required after the earlier of the Second Closing Date or such time as Gullion is
in breach of this Agreement or the Security Documents. Except as otherwise
contemplated by this Agreement, the Bank hereby acknowledges and agrees that
this Agreement or the Pledge Agreement shall not be deemed an admission of any
liability by Gullion. Without limiting the foregoing, the parties acknowledge
and agree that Exhibit A lists only the total amount that Mr. Gullion has
acknowledged constitutes Agreed Restitution Obligations and that the dates
listed thereon have been agreed to by the parties solely for the purpose of
identifying the amount which Gullion believes he owes to the Bank and computing
interest at the Contract Rate on such amount. Gullion acknowledges and agrees
that (i) the failure to list any item on Exhibit A shall not be deemed an
admission by the Reserved Parties that Gullion does not owe an amount greater
than that listed on Exhibit A, and (ii) the listing of any credits on Exhibit A
shall not be deemed an admission by the Reserved Parties that Mr. Gullion is
entitled to such a credit against the Agreed Restitution Obligations.

     7. Waivers. If the Bank, the Corporation or its subsidiaries pursue any
legal or equitable action, suit or proceeding (collectively, "Action") against
Gullion after the date of this

                                       4

<PAGE>

Agreement, Gullion agrees not to interpose as a defense to such Action, and
hereby waives, any defense, objection or matter in avoidance based on accord and
satisfaction, release, waiver, estoppel, merger, account stated, election of
remedies, single action rule, splitting a cause of action or similar theory or
defense, except that Gullion may raise such defenses with respect to the Total
Agreed Restitution Amount that has been paid in full in accordance with this
Agreement. If the Bank elects to foreclose on the Collateral or any portion
thereof pursuant to Section 5 of this Agreement, Pledgor hereby waives pursuant
to Section 9-624 of the Kansas Uniform Commercial Code (the "Kansas UCC"),
notification of disposition of the Collateral under 9-611 of the Kansas UCC, the
right to require mandatory disposition of the Collateral pursuant to Section
9-620(e) of the Kansas UCC and the right to redeem the Collateral under Section
9-623 of the Kansas UCC.

     8.  Further Actions, Assurances and Cooperation. Gullion agrees to execute
such other and further documents and instruments and take such further action as
the Bank may request to implement the provisions of this Agreement and to
perfect and protect the security interests and liens created by the Security
Documents.

     9.  No Novation. The parties hereto agree that by entering into this
Agreement, the parties are not intending to: (a) effect a novation of Gullion's
obligations to the Bank or to change the nature of the Bank's claims against
Gullion, or (b) determine the dischargeability of Gullion's obligations to the
Bank under Title 11 of the United States Code, including, without limitation, 11
U.S.C.ss. 523.

     10. Specific Performance. Gullion agrees that the Bank and the Released
Parties shall be entitled to enforce their respective rights hereunder by
maintaining an action for specific performance, which remedy shall not require
the posting of any bond and which shall not be exclusive of any rights to obtain
money damages in addition thereto.

     11. Benefit of Agreement. This Agreement shall be binding upon the parties
hereto, and their respective heirs, legal representatives, successors and
assigns, and shall inure to the benefit of the Released Parties and their
respective heirs, legal representatives, successors and assigns.

     12. Entire Agreement. This Agreement and the Security Documents constitute
the entire agreement and understanding among the parties hereto related to the
subject matter hereof, and supersedes all prior negotiations, agreements and
understandings relating to such subject matter. In entering into this Agreement,
Gullion acknowledges that he is relying on no statement, representation,
warranty, of any kind made by the Bank, the Corporation, any subsidiary of the
Corporation, or any director, officer, employee, agent, representative,
consultant, attorney or accountant of any of the foregoing.

     13. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Kansas.

     14. Counterparts; Telecopied Signatures. This Agreement may be executed in
any number of counterparts and by different parties to this Agreement on
separate counterparts, each of which, when so executed, shall be deemed an
original, but all such counterparts shall

                                       5
<PAGE>

constitute one and the same agreement. Any signature delivered by a party by
facsimile transmission shall be deemed to be an original signature hereto.

     15.  Venue; Jurisdiction; Jury Trial Waiver. GULLION AND THE BANK EACH
HEREBY IRREVOCABLY: (A) CONSENT TO THE JURISDICTION OF THE DISTRICT COURT OF
JOHNSON COUNTY, KANSAS OR THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF
KANSAS; (B) AGREE THAT VENUE SHALL BE PROPER IN ANY SUCH COURT; AND (C) WAIVE
THE RIGHT TO TRIAL BY JURY IN ANY CONTROVERSY ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE PLEDGE AGREEMENT.

      IN WITNESS WHEREOF, the parties have entered into this Agreement as of the
day and year first above written.

                                /s/ Michael W. Gullion
                               -------------------------------------------
                               Michael W. Gullion

                               GOLD BANK, a Kansas banking
                               corporation

                               By: /s/  Mick Aslin
                                  ----------------------------------------
                                  Name:  Mick Aslin
                                  Title: President

                                       6
<PAGE>

                                    EXHIBIT A
                                    ---------

                        (Agreed Restitution Obligations)

   Description                                 Termination Date          Amount
   -----------                                 ----------------          ------
   Gold Bank credit card transaction               1-14-98              $534.38
                                                   3-16-98              $542.43
   Gold Bank credit card transaction              10-15-98             $296.19
   Gold Bank credit card transaction              11-16-98            $2,007.64
   Gold Bank credit card transaction               2-21-00            $3,606.90
   Gold Bank credit card transaction               3-20-00            $1,020.02
   Transfer into Gullion's Gold Bank account       7-17-00           $25,000.00
   Transfer into Gullion's Gold Bank account       8-18-00           $10,000.00
   Transfer into Gullion's Gold Bank account       9-13-00           $69,806.47
   Transfer into AG Edwards account                10-8-00        $1,000,000.00
                                                  12-22-00            $5,000.00
                                                   1-12-01         ($200,000.00)
                                                   3-23-01           $70,000.00
   Deposit into Gullion's Gold Bank account         5-4-01          $900,000.00
   Gold Bank credit card purchase                   8-6-01              2455.00
   Gold Bank credit card purchase                  8-21-01              $225.00
   Gold Bank credit card purchase                  9-06-01              $828.00
   Gold Bank credit card purchase                  9-21-01               $26.95
                                                  12-31-01           $15,000.00
                                                   1-04-02            $1,172.00
   Gold Bank credit card transaction               1-21-02              $563.50
                                                   1-29-02            $5,000.00
                                                   2-15-02            $5,000.00
   Gold Bank credit card transaction               2-20-02               $82.49
                                                    3-5-02            $1,233.00
                                                    3-5-02           ($1,755.00)
                                                   3-26-02            $7,500.00
                                                   3-26-02            $7,500.00
                                                   4-10-02           $37,697.06
   Gold Bank credit card transaction                5-3-02              $497.00
                                                   5-20-02            $1,000.00
   Gold Bank credit card transaction                6-5-02              $559.00
   Gold Bank credit card transaction               11-5-02              $715.00
                                                                        -------
                                                    Total         $1,973,113.03
                                                                  =============PLEDGE AND SECURITY AGREEMENT

      THIS PLEDGE AND SECURITY AGREEMENT (this "Agreement"), dated as of May 20,
2003, is entered into among MICHAEL W. GULLION (the "Pledgor"), and GOLD BANK, a
Kansas banking corporation, or its assignee(s) (the "Secured Party").

                                    RECITALS

      WHEREAS, Pledgor and Secured Party are parties to that certain Restitution
Agreement of even date herewith (the "Restitution Agreement"), pursuant to which
Michael W. Gullion ("Gullion") agreed to make certain payments to Secured Party;

      WHEREAS,  Pledgor  beneficially  owns the Equity Interests (as hereinafter
defined) in the Issuers (as hereinafter defined);

      WHEREAS, to induce Secured Party to enter into the Restitution  Agreement,
Pledgor  desires  to pledge,  grant,  transfer,  and  assign to Secured  Party a
security  interest  in the  Collateral  (as  hereinafter  defined) to secure the
Secured Obligations (as hereinafter defined), as provided herein.

                                   AGREEMENTS

      NOW,  THEREFORE,  in  consideration  of the  mutual  promises,  covenants,
representations, and warranties set forth herein and for other good and valuable
consideration, the parties hereto agree as follows:

1.   Definitions and Construction.

          (a) Definitions.  All initially  capitalized terms used herein and not
     otherwise  defined  herein shall have the meaning  ascribed  thereto in the
     Restitution Agreement. As used in this Agreement:

           "Bankruptcy  Code" means  United  States  Bankruptcy  Code (11 U.S.C.
           Section  101 et  seq.),  as in  effect  from  time to  time,  and any
           successor statute thereto.

           "Business Day" means any day that is not a Saturday, Sunday, or other
           day on which national banks are authorized or required to close.

           "Code" means the Uniform Commercial Code as in effect in the State of
           Kansas from time to time.

           "Collateral"  means the LaSalle  Collateral and Gullion's  membership
           interest in I-435/Nall,  L.L.C.  which represents fifty percent (50%)
           of all  of the  membership  interest  in  such  L.L.C.  (the  "L.L.C.
           Interest"), the Future Rights, and the Proceeds, collectively.

           "Equity  Interests"  means all securities,  shares,  units,  options,
           warrants, interests, participations, or other equivalents (regardless
           of  how  designated)  of or in a

<PAGE>

          corporation,   partnership,  limited  liability  company,  or  similar
          entity,  whether voting or nonvoting,  certificated or uncertificated,
          including  general  partner  partnership  interests,  limited  partner
          partnership interests,  membership interests,  common stock, preferred
          stock, or any other "equity security" (as such term is defined in Rule
          3a11-1  of  the  General  Rules  and  Regulations  promulgated  by the
          Securities and Exchange  Commission under the Securities  Exchange Act
          of 1934).

          "Event of  Default"  shall mean (a)  Gullion's  failure to perform his
          obligations  under the Restitution  Agreement in a timely manner,  and
          (b) Pledgor's failure to perform his obligations under this Agreement.

          "Future  Rights"  shall  mean:  (a) all Equity  Interests  (other than
          Pledged Interests) of the Issuers,  and all securities  convertible or
          exchangeable  into,  and all  warrants,  options,  or other  rights to
          purchase, Equity Interests of the Issuers; and (b) the certificates or
          instruments   representing  such  Equity  Interests,   convertible  or
          exchangeable securities, warrants, and other rights and all dividends,
          cash, options,  warrants, rights,  instruments,  and other property or
          proceeds  from  time  to  time  received,   receivable,  or  otherwise
          distributed in respect of or in exchange for any or all of the Pledged
          Interests.

          "Gullion" shall have the meaning  ascribed  thereto in the Recitals to
          this Agreement.

          "Holder" and  "Holders"  shall have the meanings  ascribed  thereto in
          Section 3 of this Agreement.

          "Issuers"  shall mean each of the entities  identified as an Issuer on
          Schedule  1  attached  hereto  (or  any  addendum  thereto),  and  any
          successors thereto, whether by merger or otherwise.

          "LaSalle" means LaSalle Bank, National Association.

          "LaSalle  Collateral" means the 640,792 shares of common stock of Gold
          Banc Corporation,  Inc., a Kansas corporation,  that constitute a part
          of the Collateral, but are subject to a prior lien in favor of LaSalle
          to secure repayment of the LaSalle Obligations.

          "LaSalle  Obligations"  means  the  indebtedness  owed by  Gullion  to
          LaSalle  under the  Promissory  Note dated  November  27,  2002 in the
          original  principal  amount of $4,000,000.00  from Gullion,  as maker,
          payable to the order of LaSalle.

          "Lien" shall mean any lien, mortgage,  pledge,  assignment  (including
          any  assignment  of rights to receive  payments  of  money),  security
          interest,   charge,   or  encumbrance  of  any  kind   (including  any
          conditional sale or other title retention agreement,  any lease in the
          nature thereof, or any agreement to give any security interest).

                                       2
<PAGE>

           "Pledged  Interests" means (a) the LaSalle  Collateral and the L.L.C.
           Interest as identified more  specifically  on Schedule 1 hereto;  and
           (b)  all   certificates  or  instruments   representing  the  LaSalle
           Collateral or the L.L.C. Interest.

           "Pledgor" shall have the meaning  ascribed thereto in the preamble to
           this Agreement.

           "Proceeds" shall mean all proceeds  (including  proceeds of proceeds)
           of the Pledged Interests and Future Rights including all: (a) rights,
           benefits,  distributions,  premiums,  profits,  dividends,  interest,
           cash,  instruments,  documents of title,  accounts,  contract rights,
           inventory,  equipment,  general  intangibles,   payment  intangibles,
           deposit accounts, chattel paper, and other property from time to time
           received,  receivable,  or otherwise  distributed in respect of or in
           exchange for, or as a replacement  of or a  substitution  for, any of
           the Pledged Interests,  Future Rights, or proceeds thereof (including
           any cash, Equity Interests, or other securities or instruments issued
           after any recapitalization, readjustment, reclassification, merger or
           consolidation   with   respect  to  the  Issuers  and  any   security
           entitlements,  as defined in Section  8-102(a)(17)  of the Code, with
           respect thereto);  (b) "proceeds," as such term is defined in Section
           9-102(a)(64)  of the Code; (c) proceeds of any insurance,  indemnity,
           warranty, or guaranty (including guaranties of delivery) payable from
           time to time with  respect to any of the  Pledged  Interests,  Future
           Rights,  or proceeds  thereof;  (d) payments (in any form whatsoever)
           made or due and  payable to Pledgor  from time to time in  connection
           with  any  requisition,   confiscation,   condemnation,   seizure  or
           forfeiture  of all or any  part  of  the  Pledged  Interests,  Future
           Rights, or proceeds thereof;  and (e) other amounts from time to time
           paid or  payable  under  or in  connection  with  any of the  Pledged
           Interests, Future Rights, or proceeds thereof.

           "Restitution  Agreement"  shall have the meaning  ascribed thereto in
           the Recitals to this Agreement.

           "Secured  Obligations" means (a) the Total Agreed Restitution Amount,
           (b) any amounts paid by Secured Party to LaSalle to repay the LaSalle
           Obligations in full, and (c) any other  obligations or amount owed by
           Pledgor to Secured Party pursuant to the Restitution Agreement.

           "Secured  Party"  shall  have the  meaning  ascribed  thereto  in the
           preamble  to  this  Agreement,  together  with  their  successors  or
           assigns.

           "Securities  Act" shall have the meaning  ascribed thereto in Section
           9(c) of this Agreement.

           "Total Agreed  Restitution  Amount"  shall have the meaning  ascribed
           thereto in the Restitution Agreement.

                                       3
<PAGE>

     (b)  Construction.

               (i)  Unless  the  context  of  this  Agreement  clearly  requires
          otherwise,  references  to the plural  include the singular and to the
          singular  include the plural,  the part  includes the whole,  the term
          "including"  is not  limiting,  and the term  "or" has,  except  where
          otherwise  indicated,  the inclusive meaning represented by the phrase
          "and/or." The words "hereof,"  "herein,"  "hereby,"  "hereunder,"  and
          other similar  terms in this  Agreement  refer to this  Agreement as a
          whole  and  not  exclusively  to  any  particular  provision  of  this
          Agreement.   Article,  section,  subsection,   exhibit,  and  schedule
          references are to this Agreement  unless otherwise  specified.  All of
          the exhibits or schedules  attached to this Agreement  shall be deemed
          incorporated  herein  by  reference.  Any  reference  to  any  of  the
          following  documents  includes  any and all  alterations,  amendments,
          restatements,  extensions,  modifications,  renewals,  or  supplements
          thereto or thereof,  as applicable:  this Agreement or the Restitution
          Agreement.

               (ii)  Neither this  Agreement  nor any  uncertainty  or ambiguity
          herein  shall  be  construed  or  resolved  against  Secured  Party or
          Pledgor,  whether under any rule of construction or otherwise.  On the
          contrary,  this Agreement has been reviewed by both of the parties and
          their  respective  counsel  and  shall be  construed  and  interpreted
          according  to the  ordinary  meaning of the words used so as to fairly
          accomplish the purposes and intentions of the parties hereto.

               (iii) In the event of any direct  conflict  between  the  express
          terms  and  provisions  of  this  Agreement  and  of  the  Restitution
          Agreement, the terms and provisions of the Restitution Agreement shall
          control.

     2.  PLEDGE.  As  security  for the prompt  payment and  performance  of the
Secured  Obligations in full when due  (including  amounts that would become due
but for the operation of the provisions of the Bankruptcy Code),  Pledgor hereby
pledge, grant,  transfer, and assign to Secured Party a security interest in all
of Pledgor's right, title, and interest in and to the Collateral.

     3.  DELIVERY AND REGISTRATION OF COLLATERAL.

          (a) All  certificates  or instruments  representing  or evidencing the
     Collateral  shall be  promptly  delivered  by Pledgor  to Secured  Party or
     Secured  Party's  designee  pursuant  hereto at a  location  designated  by
     Secured Party and shall be held by or on behalf of Secured  Party  pursuant
     hereto, and shall be in suitable form for transfer by delivery, or shall be
     accompanied by duly executed  indorsement  certificate in the form attached
     hereto as Exhibit A or other instrument of --------- transfer or assignment
     in blank, in form and substance satisfactory to Secured Party.

          (b) Upon the  occurrence  and  during the  continuance  of an Event of
     Default,  Secured Party shall have the right, at any time in its discretion
     and without  notice to Pledgor,  to transfer to or to register on the books
     of the Issuers (or of any other person maintaining  records with respect to
     the  Collateral) in the name of Secured Party or any of its nominees

                                       4
<PAGE>

     any or all of the  Collateral.  In addition,  Secured  Party shall have the
     right at any time to exchange  certificates or instruments  representing or
     evidencing  Collateral for certificates or instruments of smaller or larger
     denominations.

          (c) If, at any time and from time to time, any  Collateral  (including
     any certificate or instrument representing or evidencing any Collateral) is
     in the  possession  of a person  other  than  Secured  Party or  Pledgor (a
     "Holder"),  then Pledgor  shall  immediately,  at Secured  Party's  option,
     either  cause  such   Collateral  to  be  delivered  into  Secured  Party's
     possession, or cause such Holder to enter into a control agreement, in form
     and  substance  satisfactory  to Secured  Party,  and take all other  steps
     deemed  necessary  by Secured  Party to perfect  the  security  interest of
     Secured Party in such Collateral,  all pursuant to Sections 9-106 and 9-313
     of the Code or other  applicable  law governing  the  perfection of Secured
     Party's  security  interest in the  Collateral  in the  possession  of such
     Holder.

          (d) Any and all Collateral (including dividends,  interest,  and other
     cash  distributions)  at any time  received or held by Pledgor  shall be so
     received or held in trust for Secured Party, shall be segregated from other
     funds and property of Pledgor and shall be  forthwith  delivered to Secured
     Party  in the  same  form  as so  received  or  held,  with  any  necessary
     indorsements.

     4.    VOTING RIGHTS AND DIVIDENDS.

          (a) So  long  as no  Event  of  Default  shall  have  occurred  and be
     continuing,  Pledgor  shall be entitled to exercise  any and all voting and
     other consensual rights pertaining to the Collateral or any part thereof.

          (b) Upon the  occurrence  and  during the  continuance  of an Event of
     Default,  all rights of Pledgor to exercise the voting and other consensual
     rights shall cease,  and all such rights shall  thereupon  become vested in
     Secured  Party,  who shall  thereupon  have the sole right to exercise such
     voting or other consensual.  Pledgor shall execute and deliver (or cause to
     be executed  and  delivered)  to Secured  Party all such  proxies and other
     instruments  as Secured  Party may  reasonably  request  for the purpose of
     enabling  Secured Party to exercise the voting and other rights which it is
     entitled to exercise pursuant to the preceding sentence.

     5.    REPRESENTATIONS  AND  WARRANTIES.  Pledgor represents, warrants,  and
covenants as follows:

          (a) Pledgor has taken all steps they deem  necessary or appropriate to
     be informed on a continuing basis of changes or potential changes affecting
     the  Collateral  (including  rights of conversion  and exchange,  rights to
     subscribe,  payment  of  dividends,  reorganizations  or  recapitalization,
     tender offers and voting and registration  rights), and Pledgor agrees that
     Secured  Party shall have no  responsibility  or  liability  for  informing
     Pledgor of any such changes or  potential  changes or for taking any action
     or omitting to take any action with respect thereto.

          (b)  Pledgor is an  individual.  The  address of  Pledgor's  principal
     residence is set forth on Schedule 2.

                                       5
<PAGE>

          (c) All information  herein or hereafter  supplied to Secured Party by
     or on behalf of Pledgor in writing with respect to the Collateral is, or in
     the case of information  hereafter  supplied will be, accurate and complete
     in all material respects.

          (d) Pledgor is and will be the sole legal and beneficial  owner of the
     Collateral  (including  the  Pledged  Interests  and all  other  Collateral
     acquired by Pledgor  after the date  hereof)  free and clear of any adverse
     claim,  Lien, or other right,  title, or interest of any party, other than:
     (i) the Liens in favor of Secured  Party,  (ii) with respect to the LaSalle
     Collateral,  Liens in favor of LaSalle,  and (iii)  shares of stock of Gold
     Banc  Corporation,  Inc.  owned by Gullion  are subject to a right of first
     refusal in favor of Allen D. Petersen and William F. Wright.

          (e) This Agreement,  the filing of a financing  statement covering the
     Collateral   and  the  delivery  to  Secured  Party  of  the   certificates
     representing the Pledged  Interests that are  certificated  create a valid,
     perfected,  and first  priority  security  interest in one hundred  percent
     (100%) of the Pledged  Interests in favor of Secured Party securing payment
     of the Secured  Obligations,  and all  actions  necessary  to achieve  such
     perfection  have been duly taken,  except that the  LaSalle  Collateral  is
     subject  to a prior Lien in favor of  LaSalle  to secure  repayment  of the
     LaSalle Obligations.

          (f)  Schedule 1 to this  Agreement is true and correct and complete in
     all material  respects.  Without  limiting the generality of the foregoing:
     (i) except as set forth on  Schedule 1, all the  Pledged  Interests  are in
     certificated  form,  and,  except to the extent  registered  in the name of
     Secured Party or its nominee  pursuant to the provisions of this Agreement,
     are registered in the name of Pledgor; and (ii) the Pledged Interests as to
     each of the Issuers  constitute  at least the  percentage  of all the fully
     diluted issued and outstanding Equity Interests of such Issuer as set forth
     in Schedule 1 to this Agreement.

          (g) There are no presently existing Future Rights or Proceeds owned by
     Pledgor.

          (h) The Pledged Interests have been duly authorized and validly issued
     and are fully paid and non-assessable.

          (i) The pledge of the  Collateral  pursuant to this Agreement does not
     violate  Regulation  T, U or X of the  Board of  Governors  of the  Federal
     Reserve System.

     6.    Further Assurances.

          (a) Pledgor  agrees that from time to time, at the expense of Pledgor,
     Pledgor  will  promptly  execute and deliver  all further  instruments  and
     documents,  and take all further action that may be necessary or reasonably
     desirable,  or that  Secured  Party may  request,  in order to perfect  and
     protect any security  interest granted or purported to be granted hereby or
     to enable  Secured  Party to exercise  and enforce its rights and  remedies
     hereunder with respect to any Collateral.

          (b)  Pledgor  hereby  authorizes  Secured  Party  to file  one or more
     financing or continuation statements,  and amendments thereto,  relative to
     all or any  part  of the  Collateral.  A  carbon,  photographic,  or  other
     reproduction  of this  Agreement or any  financing  statement

                                       6
<PAGE>

     covering  the  Collateral  or any part  thereof  shall be  sufficient  as a
     financing statement where permitted by law.

     7.    Covenants of Pledgor. Pledgor shall:

          (a) perform each and every covenant in the  Restitution  Agreement and
     the other Security Documents applicable to Pledgor; and

          (b) not change his principal residence without giving Secured Party at
     least thirty (30) days' prior written notice thereof.

     8.    SECURED PARTY AS PLEDGOR'S ATTORNEY-IN-FACT.

          (a) Pledgor  hereby  irrevocably  appoints  Secured Party as Pledgor's
     attorney-in-fact, with full authority in the place and stead of Pledgor and
     in the name of Pledgor,  Secured Party or  otherwise,  from time to time at
     Secured  Party's  discretion,  to  take  any  action  and  to  execute  any
     instrument that Secured Party may reasonably deem necessary or advisable to
     accomplish  the  purposes  of  this  Agreement,  including:  (i)  upon  the
     occurrence and during the  continuance of an Event of Default,  to receive,
     indorse,  and collect all instruments made payable to Pledgor  representing
     any  dividend,  interest  payment or other  distribution  in respect of the
     Collateral  or any part thereof to the extent  permitted  hereunder  and to
     give  full  discharge  for the same and to  execute  and file  governmental
     notifications   and  reporting  forms;  (ii)  to  enter  into  any  control
     agreements  Secured  Party  deems  necessary  pursuant to Section 3 of this
     Agreement;  or (iii) to arrange for the transfer of the  Collateral  on the
     books of any of the  Issuers  or any other  person  to the name of  Secured
     Party or to the name of Secured Party's nominee.

          (b) In  addition  to the  designation  of Secured  Party as  Pledgor's
     attorney-in-fact  in subsection (a),  Pledgor hereby  irrevocably  appoints
     Secured Party as Pledgor's agent and  attorney-in-fact to make, execute and
     deliver  any and all  documents  and  writings  which may be  necessary  or
     appropriate  for approval of, or be required by, any  regulatory  authority
     located in any city,  county,  state or country where Pledgor or any of the
     Issuers  engage in  business,  in order to transfer or to more  effectively
     transfer any of the Pledged  Interests or otherwise enforce Secured Party's
     rights hereunder.

     9.    REMEDIES UPON DEFAULT. Upon the occurrence and during the continuance
of an Event of Default:

          (a)  Secured  Party may  exercise  in  respect of the  Collateral,  in
     addition to other  rights and  remedies  provided  for herein or  otherwise
     available to it, all the rights and remedies of a secured  party on default
     under the Code  (irrespective  of whether the Code  applies to the affected
     items of Collateral),  and Secured Party may also without notice (except as
     specified  below) sell the  Collateral  or any part  thereof in one or more
     parcels at public or private sale, at any  exchange,  broker's  board or at
     any of Secured  Party's  offices or  elsewhere,  for cash, on credit or for
     future delivery, at such time or times and at such price or prices and upon
     such  other  terms  as  Secured  Party  may deem  commercially  reasonable,
     irrespective  of the impact of any such  sales on the  market  price of the
     Collateral.  To the maximum  extent  permitted by applicable  law,  Secured
     Party may be the purchaser of any or

                                       7
<PAGE>

     all of the  Collateral  at any such  sale and  shall be  entitled,  for the
     purpose of bidding and making  settlement or payment of the purchase  price
     for all or any portion of the  Collateral  sold at any such public sale, to
     use and apply  all or any part of the  Secured  Obligations  as a credit on
     account of the purchase price of any Collateral  payable at such sale. Each
     purchaser at any such sale shall hold the  property  sold  absolutely  free
     from any claim or right on the part of Pledgor,  and Pledgor  hereby waives
     (to the  extent  permitted  by law) all  rights  of  redemption,  stay,  or
     appraisal  that they now have or may at any time in the  future  have under
     any rule of law or statute  now  existing  or  hereafter  enacted.  Pledgor
     agrees  that,  to the extent  notice of sale shall be  required  by law, at
     least ten (10)  calendar  days'  notice to Pledgor of the time and place of
     any public sale or the time after which a private  sale is to be made shall
     constitute reasonable notification. Secured Party shall not be obligated to
     make any sale of Collateral regardless of notice of sale having been given.
     Secured  Party may adjourn any public or private  sale from time to time by
     announcement  at the time and  place  fixed  therefor,  and such  sale may,
     without  further  notice,  be made at the time and place to which it was so
     adjourned.  To the maximum extent  permitted by law,  Pledgor hereby waives
     any claims  against  Secured Party  arising  because the price at which any
     Collateral  may have  been  sold at such a  private  sale was less than the
     price that might have been obtained at a public sale, even if Secured Party
     accepts the first offer received and does not offer such Collateral to more
     than one offeree.

          (b) Pledgor  hereby agrees that any sale or other  disposition  of the
     Collateral conducted in conformity with reasonable  commercial practices of
     banks, insurance companies, or other financial institutions in the city and
     state where  Secured  Party is located in disposing of property  similar to
     the Collateral shall be deemed to be commercially reasonable.

          (c) Pledgor hereby  acknowledges that the sale by Secured Party of any
     Collateral  pursuant to the terms hereof in compliance  with the Securities
     Act of  1933 as now in  effect  or as  hereafter  amended,  or any  similar
     statute  hereafter  adopted with similar purpose or effect (the "Securities
     Act"), as well as applicable "Blue Sky" or other state securities laws, may
     require  strict  limitations as to the manner in which Secured Party or any
     subsequent  transferee  of the  Collateral  may  dispose  thereof.  Pledgor
     acknowledges  and agrees that in order to protect Secured Party's  interest
     it may be necessary to sell the Collateral at a price less than the maximum
     price  attainable  if a sale were  delayed or were made in another  manner,
     such  as a  public  offering  under  the  Securities  Act.  Pledgor  has no
     objection to sale in such a manner and agree that Secured  Party shall have
     no  obligation  to obtain the maximum  possible  price for the  Collateral.
     Without limiting the generality of the foregoing, Pledgor agrees that, upon
     the occurrence and during the continuation of an Event of Default,  Secured
     Party may, subject to applicable law, from time to time attempt to sell all
     or any part of the  Collateral  by a  private  placement,  restricting  the
     bidders and  prospective  purchasers to those who will  represent and agree
     that they are purchasing for investment only and not for  distribution.  In
     so doing,  Secured  Party may solicit  offers to buy the  Collateral or any
     part  thereof  for cash,  from a limited  number  of  investors  reasonably
     believed by Secured Party to be institutional investors or other accredited
     investors who might be interested in purchasing the Collateral.  If Secured
     Party shall  solicit such offers,  then the  acceptance by Secured Party of
     one of the offers shall be deemed to be a commercially reasonable method of
     disposition of the Collateral.

                                       8
<PAGE>

          (d) PLEDGOR  EXPRESSLY  WAIVES TO THE MAXIMUM EXTENT PERMITTED BY LAW:
     (i) ANY  CONSTITUTIONAL  OR OTHER RIGHT TO A JUDICIAL  HEARING PRIOR TO THE
     TIME  SECURED  PARTY  DISPOSES  OF ALL OR ANY  PART  OF THE  COLLATERAL  AS
     PROVIDED IN THIS SECTION; (ii) ALL RIGHTS OF REDEMPTION, STAY, OR APPRAISAL
     THAT THEY NOW HAVE OR MAY AT ANY TIME IN THE FUTURE  HAVE UNDER ANY RULE OF
     LAW OR STATUTE NOW EXISTING OR HEREAFTER  ENACTED;  AND (iii) EXCEPT AS SET
     FORTH IN  SUBSECTION  (a) OF THIS  SECTION  9, ANY  REQUIREMENT  OF NOTICE,
     DEMAND, OR ADVERTISEMENT FOR SALE.

     10. APPLICATION OF PROCEEDS. Upon the occurrence and during the continuance
of an Event of Default,  any cash held by Secured  Party as  Collateral  and all
cash Proceeds  received by Secured  Party in respect of any sale of,  collection
from, or other  realization  upon all or any part of the Collateral  pursuant to
the exercise by Secured Party of its remedies as a secured  creditor as provided
in  Section 9 shall be  applied  from time to time by  Secured  Party as Secured
Party may determine in its sole discretion.

     11. INDEMNITY AND EXPENSES. Pledgor agrees:

          (a) to  indemnify  and hold  harmless  Secured  Party  and each of its
     directors,  officers, employees, agents and affiliates from and against any
     and all  claims,  damages,  demands,  losses,  obligations,  judgments  and
     liabilities (including, without limitation,  reasonable attorneys' fees and
     expenses) in any way arising out of or in connection  with this  Agreement,
     except  to the  extent  the  same  shall  arise as a  result  of the  gross
     negligence or willful  misconduct  of the party seeking to be  indemnified;
     and

          (b) to pay and reimburse  Secured Party upon demand for all reasonable
     costs and expenses (including,  without limitation,  reasonable  attorneys'
     fees and expenses) that Secured Party may incur in connection  with (i) the
     custody,  use or preservation of, or the sale of,  collection from or other
     realization upon, any of the Collateral,  including the reasonable expenses
     of re-taking,  holding,  preparing for sale or lease,  selling or otherwise
     disposing  of  or  realizing  on  the  Collateral,  (ii)  the  exercise  or
     enforcement  of  any  rights  or  remedies  granted  hereunder,  under  the
     Restitution  Agreement or under any control agreement entered into pursuant
     to this Agreement,  or otherwise available to it (whether at law, in equity
     or otherwise), or (iii) the failure by Pledgor to perform or observe any of
     the  provisions  hereof.  The  provisions of this Section shall survive the
     execution  and  delivery of this  Agreement,  the  repayment  of any of the
     Secured Obligations and the termination of this Agreement.

     12.  DUTIES OF  SECURED  PARTY.  The  powers  conferred  on  Secured  Party
hereunder  are solely to protect its interests in the  Collateral  and shall not
impose on it any duty to  exercise  such  powers.  Except as provided in Section
9-207  of the  Code,  Secured  Party  shall  have no duty  with  respect  to the
Collateral  or any  responsibility  for taking any  necessary  steps to preserve
rights against any persons with respect to any Collateral.

                                       9
<PAGE>

     13.    CHOICE  OF LAW  AND VENUE; SUBMISSION TO  JURISDICTION;  SERVICE  OF
PROCESS.

          (a) THE VALIDITY OF THIS AGREEMENT, ITS CONSTRUCTION,  INTERPRETATION,
     AND  ENFORCEMENT,  AND THE RIGHTS OF THE PARTIES HERETO SHALL BE DETERMINED
     UNDER,  GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
     OF KANSAS (WITHOUT REFERENCE TO THE CHOICE OF LAW PRINCIPLES THEREOF).  THE
     PARTIES AGREE THAT ALL ACTIONS OR  PROCEEDINGS  ARISING IN CONNECTION  WITH
     THIS  AGREEMENT  SHALL BE TRIED AND LITIGATED ONLY IN THE DISTRICT COURT OF
     JOHNSON COUNTY, KANSAS OR THE UNITED STATES DISTRICT COURT FOR THE DISTRICT
     OF KANSAS,  OR, AT THE SOLE OPTION OF SECURED PARTY,  IN ANY OTHER COURT IN
     WHICH SECURED PARTY SHALL INITIATE LEGAL OR EQUITABLE PROCEEDINGS AND WHICH
     HAS SUBJECT MATTER JURISDICTION OVER THE MATTER IN CONTROVERSY.

          (b)  PLEDGOR  HEREBY  SUBMITS FOR  THEMSELVES  AND IN RESPECT OF THEIR
     PROPERTY,  GENERALLY  AND  UNCONDITIONALLY,  TO  THE  JURISDICTION  OF  THE
     AFORESAID  COURTS AND WAIVE, TO THE EXTENT  PERMITTED UNDER APPLICABLE LAW,
     ANY RIGHTS HE MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO
     OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE  WITH
     THIS SECTION.

          (c) PLEDGOR HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS,  COMPLAINT,
     OR OTHER PROCESS  ISSUED IN ANY ACTION OR PROCEEDING AND AGREE THAT SERVICE
     OF SUCH SUMMONS,  COMPLAINT,  OR OTHER PROCESS MAY BE MADE BY REGISTERED OR
     CERTIFIED  MAIL  ADDRESSED  TO  PLEDGOR  AT  HIS  ADDRESS  FOR  NOTICES  IN
     ACCORDANCE  WITH THIS  AGREEMENT  AND THAT  SERVICE SO MADE SHALL BE DEEMED
     COMPLETED UPON THE EARLIER OF PLEDGOR'S ACTUAL RECEIPT THEREOF OR THREE (3)
     DAYS AFTER DEPOSIT IN THE UNITED STATES MAILS, PROPER POSTAGE PREPAID.

          (d) NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO AFFECT THE
     RIGHT OF SECURED PARTY TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED
     BY LAW, OR TO PRECLUDE THE  ENFORCEMENT BY SECURED PARTY OF ANY JUDGMENT OR
     ORDER  OBTAINED  IN SUCH  FORUM OR THE  TAKING  OF ANY  ACTION  UNDER  THIS
     AGREEMENT TO ENFORCE SAME IN ANY OTHER APPROPRIATE FORUM OR JURISDICTION.

     14.  AMENDMENTS;  ETC.  No  amendment  or waiver of any  provision  of this
Agreement nor consent to any departure by Pledgor herefrom shall in any event be
effective  unless the same shall be in writing and signed by Secured Party,  and
then such waiver or consent shall be effective only in the specific instance and
for the  specific  purpose  for which  given.  No failure on the part of Secured
Party to exercise, and no delay in exercising any right under this Agreement, or
otherwise  with respect to any of the Secured  Obligations,  shall  operate as a
waiver thereof;

                                       10
<PAGE>

nor shall any single or partial  exercise of any right under this Agreement,  or
otherwise with respect to any of the Secured  Obligations  preclude any other or
further  exercise  thereof or the  exercise  of any other  right.  The  remedies
provided for in this  Agreement or otherwise  with respect to any of the Secured
Obligations are cumulative and not exclusive of any remedies provided by law.

     15. NOTICES.  Unless otherwise  specifically  provided herein,  all notices
shall be in writing addressed to the respective  parties as set forth below, and
may be personally served, faxed, telecopied or sent by overnight courier service
or United States mail:

     If to Pledgor:

           2716 West 118th Street
           Leawood, Kansas 66211
           Fax No.:
           Attn:Michael W. Gullion

     If to Secured Party:

           Gold Bank
           11301 Nall Avenue
           Leawood, Kansas 66211
           Fax No.:  (913) 451-8004
           Attn:Rick Tremblay

     with a copy to:

           Stinson Morrison Hecker LLP
           2600 Grand Boulevard
           Kansas City, Missouri 64108-4606
           Fax No.:  (816) 474-4208
           Attn:John A. Granda

     Any notice  given  pursuant  to this  Section  shall be deemed to have been
given: (a) if delivered in person,  when delivered;  (b) if delivered by fax, on
the date of  transmission  if  transmitted on a Business Day before 4:00 p.m. at
the place of receipt or, if not, on the next  succeeding  Business  Day;  (c) if
delivered  by  overnight  courier,  two (2) days after  delivery to such courier
properly  addressed;  or (d) if by United  States mail,  four (4) Business  Days
after  depositing in the United States mail,  with postage  prepaid and properly
addressed.  Any party hereto may change the address or fax number at which it is
to  receive  notices  hereunder  by notice to the other  party in writing in the
foregoing manner.

     16. CONTINUING SECURITY INTEREST.  This Agreement shall create a continuing
security  interest  in the  Collateral  and shall:  (a) remain in full force and
effect  until  payment in full of the Secured  Obligations;  (b) be binding upon
Pledgor and their heirs, legal representatives,  successors and assigns; and (c)
inure to the  benefit  of Secured  Party and its  successors,  transferees,  and
assigns. Upon payment in full of the Secured Obligations, the security interests

                                       11
<PAGE>

granted  herein shall  automatically  terminate and all rights to the Collateral
shall  revert to Pledgor.  Upon any such  termination,  Secured  Party will,  at
Pledgor's  expense,  execute and deliver to Pledgor  such  documents  as Pledgor
shall reasonably  request to evidence such termination.  Such documents shall be
prepared by Pledgor and shall be in form and substance  reasonably  satisfactory
to Secured Party.

     17. SECURITY INTEREST ABSOLUTE. To the maximum extent permitted by law, all
rights of Secured Party, all security interests  hereunder,  and all obligations
of Pledgor hereunder, shall be absolute and unconditional irrespective of:

          (a) any  lack of  validity  or  enforceability  of any of the  Secured
     Obligations or any other agreement or instrument relating thereto;

          (b) any change in the time,  manner, or place of payment of, or in any
     other  term  of,  all  or  any of the  Secured  Obligations,  or any  other
     amendment  or waiver of or any  consent  to any  departure  from any of the
     terms of the  Restitution  Agreement,  or any other agreement or instrument
     relating thereto;

          (c) any exchange,  release, or non-perfection of any other collateral,
     or any release or amendment  or waiver of or consent to departure  from any
     guaranty for all or any of the Secured Obligations; or

          (d) any other circumstances that might otherwise  constitute a defense
     available to, or a discharge of, Pledgor.

     18.  HEADINGS.  Section  and  subsection  headings  in this  Agreement  are
included  herein for  convenience  of reference  only and shall not constitute a
part of this Agreement or be given any substantive effect.

     19.  SEVERABILITY.  In case  any  provision  in or  obligation  under  this
Agreement shall be invalid,  illegal or unenforceable in any  jurisdiction,  the
validity,   legality  and   enforceability   of  the  remaining   provisions  or
obligations, or of such provision or obligation in any other jurisdiction, shall
not in any way be affected or impaired thereby.

     20. COUNTERPARTS;  TELEFACSIMILE EXECUTION.  This Agreement may be executed
in one or more  counterparts,  each of which shall be deemed an original and all
of which together shall  constitute one and the same  Agreement.  Delivery of an
executed  counterpart  of this Agreement by fax shall be equally as effective as
delivery  of an  original  executed  counterpart  of this  Agreement.  Any party
delivering an executed  counterpart  of this Agreement by fax also shall deliver
an original executed counterpart of this Agreement but the failure to deliver an
original executed counterpart shall not affect the validity,  enforceability, or
binding effect hereof.

     21. WAIVER OF  MARSHALING.  Each of Pledgor and Secured Party  acknowledges
and  agrees  that  in  exercising  any  rights  under  or  with  respect  to the
Collateral:  (a) Secured Party is under no obligation to marshal any Collateral;
(b) may, in its absolute  discretion,  realize upon the  Collateral in any order
and in any manner it so elects; and (c) may, in its absolute  discretion,  apply
the proceeds of any or all of the  Collateral to the Secured  Obligations in any
order and in

                                       12
<PAGE>

any manner it so elects.  Pledgor and  Secured  Party waive any right to require
the marshaling of any of the Collateral.

      IN WITNESS  WHEREOF,  Pledgor and Secured Party have caused this Agreement
to be duly executed and delivered as of the date first written above.

                                    PLEDGOR:
                                    -------

                                    /s/ Michael W. Gullion
                                    ------------------------------------
                                    Michael W. Gullion

                                    SECURED PARTY:
                                    -------------

                                    GOLD BANK,
                                    a Kansas banking corporation

                                    By:  Mick Aslin
                                         -------------------------------
                                    Name (print): Mick Aslin
                                                 -----------------------
                                    Title:        President
                                          ------------------------------

                                       13
<PAGE>
<TABLE>
<CAPTION>

                                                                      SCHEDULE 1

                                                                  PLEDGED INTERESTS

                                                                              Number of       Certificate
                                    Jurisdiction of                         Shares/Units        Numbers      Registered    LaSalle
              Name of Issuer          Organization     Type of Interest    (if applicable)     (if any)         Owner     Collateral
              --------------          ------------     ----------------    ---------------     --------         -----     ----------
<S>                                      <C>           <C>                   <C>                <C>           <C>             <C>

Gold Banc Corporation, Inc.              Kansas        Common stock            640,792          GB13167       Gullion         Yes
                                                                             (aggregate)        GB10012
                                                                                                GB10006
                                                                                                GB10013
                                                                                                GB10014
                                                                                                GB10015
                                                                                                GB13164
                                                                                                GB13165
                                                                                                GB13166
                                                                                                GB10011
                                                                                                GB10010
                                                                                                GB10002
                                                                                                GB10003
                                                                                                GB10004
                                                                                                GB10005
                                                                                                GB10009
                                                                                                GB10007
                                                                                                GB10008
                                                                                                GB10001

I-435/Nall, L.L.C.                       Kansas        Membership interest       NA               NA          Gullion           No

</TABLE>

                                       14
<PAGE>

                                   SCHEDULE 2

                               PLEDGOR INFORMATION

Address of Principal Residence:

      2716 West 118th Street
      Leawood, Kansas 66211

                                       15
<PAGE>

                                    EXHIBIT A

                             INDORSEMENT CERTIFICATE

      FOR VALUE RECEIVED,  the undersigned does hereby sell, assign and transfer
unto _____,  [_____ (___) shares of the _____ Stock [or other securities of]] [a
___ percent (%) interest in ] ____ (the "Issuer")  standing in the undersigned's
name on the books of the Issuer  represented  by  Certificate  No(s). , and does
hereby irrevocably constitute and appoint as the undersigned's  attorney-in-fact
to transfer the said stock [or other securities] on the books of the Issuer with
full power of substitution in the premises.

Date:                          PLEDGOR(S):
                               ----------

                               -----------------------------------------
                               Name (print):
                                             ---------------------------

                                       16

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