PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • February 28th, 2014 • Intermountain Community Bancorp • Savings institution, federally chartered • Texas
This PLEDGE AND SECURITY AGREEMENT, dated as of November 19, 2013 (as it may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), by and among Intermountain Community Bancorp, an Idaho corporation (the “Borrower”), each Additional Grantor (as herein defined) (along with the Borrower, each, a “Grantor”), and NexBank, SSB, as lender (together with its successors and permitted assigns, the “Lender”).
LOAN AGREEMENTLoan Agreement • February 28th, 2014 • Intermountain Community Bancorp • Savings institution, federally chartered • Texas
THIS LOAN AGREEMENT (“Agreement”) is made as of November 19, 2013 (the “Effective Date”), by and between Intermountain Community Bancorp, an Idaho corporation (“Borrower”) and NEXBANK SSB, a Texas savings bank, its successors and assigns (“Lender”).
EMPLOYMENT AGREEMENTEmployment Agreement • February 28th, 2014 • Intermountain Community Bancorp • Savings institution, federally chartered • Idaho
This EMPLOYMENT AGREEMENT (this “Agreement”) is entered into effective as of January 1, 2014 by and between Intermountain Community Bancorp, an Idaho corporation, Panhandle State Bank, an Idaho-chartered bank and wholly owned subsidiary of Intermountain Community Bancorp, and Douglas Wright, an executive of Intermountain Community Bancorp and Panhandle State Bank (the “Executive”). Intermountain Community Bancorp and Panhandle State Bank are sometimes referred to in this Agreement individually or together as the “Employer.”
SEVERANCE AGREEMENTSeverance Agreement • February 28th, 2014 • Intermountain Community Bancorp • Savings institution, federally chartered • Idaho
This SEVERANCE AGREEMENT (this “Agreement”) is entered into and shall be effective as of January 1, 2014 by and between Intermountain Community Bancorp, an Idaho corporation (the “Company”), and Pamela Rasmussen (the “Executive”).
UNITED STATES DEPARTMENT OF THE TREASURYSecurities Purchase Agreement • February 28th, 2014 • Intermountain Community Bancorp • Savings institution, federally chartered
Reference is made to that certain Letter Agreement incorporating the Securities Purchase Agreement – Standard Terms (the “Securities Purchase Agreement”), dated as of the date set forth on Schedule A hereto, between the United States Department of the Treasury (the “Investor”) and the company set forth on Schedule A hereto (the “Company”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Securities Purchase Agreement. Pursuant to the Securities Purchase Agreement, at the Closing, the Company issued to the Investor the number of shares of the series of its preferred stock set forth on Schedule A hereto (the “Preferred Shares”) and a warrant to purchase the number of shares of its common stock set forth on Schedule A hereto (the “Warrant”).
RETENTION BONUS AGREEMENTRetention Bonus Agreement • February 28th, 2014 • Intermountain Community Bancorp • Savings institution, federally chartered • Idaho
This RETENTION BONUS AGREEMENT (this “Agreement”) is entered into and shall be effective as of December 31, 2013 by and between Intermountain Community Bancorp, an Idaho corporation, and (the “Executive”).
