SEC Contract Filing

Filing Date: 2019-09-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>2
<FILENAME>bbkylocrenewal090719.htm
<DESCRIPTION>LOC RENEWAL AGREEMENT DATED SEPTEMBER 7, 2019
<TEXT>
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 <div style="font-size: 11pt; font-family: Calibri,sans-serif; text-align: right; line-height: 12.55pt; font-weight: bold;">Exhibit 10.4</div>
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 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">Note #300915</div>
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 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">This <font style="font-weight: bold;">LINE OF CREDIT RENEWAL AGREEMENT</font> (the "Agreement") is made this <font style="FONT-SIZE: 10pt;
 FONT-FAMILY: 'Arial Narrow', sans-serif"><u>7th</u></font> day of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif"><u>September</u></font> the year <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif"><u>2019</u></font>
 by and between:</div>
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 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 36pt">THE BANKERS' BANK OF KENTUCKY</div>
 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 36pt">107 Progress Drive</div>
 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 36pt">P.O. Box 713</div>
 <div style="TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif">Frankfort, Ky. 40601&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow',
 sans-serif">("Lender")</font></div>
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 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">And</div>
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 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 36pt">PREMIER FINANCIAL BANCORP, INC.</div>
 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 36pt">2883 5th Avenue</div>
 <div style="TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif">Huntington, WV 25702&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow',
 sans-serif">("Borrower")</font></div>
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 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 36pt">Whereas, Borrower is indebted to Lender as of the date hereof in the amount of <u>$0.00</u> evidenced by a promissory
 note from Borrower to Lender in the original face amount of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif"><u>five million and 00/100 ($5,000.000.00</u></font>), dated <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial
 Narrow', sans-serif"><u>September 7, 2012</u></font> (the "Note") and then renewed on September 7, 2013<font style="FONT-SIZE: 10pt; FONT-FAMILY: Calibri, sans-serif">,</font><font style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri, sans-serif; COLOR:
 #2f2f2f">&#160;</font>again on September 7, 2014, again on September 7, 2015, again on September 7, 2016, again on September 7, 2017, and then again on September 7, 2018 which is secured by 559,800 shares of Citizens Deposit Bank &amp; Trust
 (Vanceburg, KY) capital stock.</div>
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 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 26.6pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; FONT-WEIGHT: bold">Now, Therefore</font>, for
 good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lender and Borrower hereby agree as follows:</div>
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 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Narrow', sans-serif; FONT-WEIGHT: bold"><u>Amen