Common use of REPRESENTATIONS AND WARRANTIES OF CENTERSTATE Clause in Contracts

REPRESENTATIONS AND WARRANTIES OF CENTERSTATE. Section 4.01 Organization and Standing. 30 Section 4.02 Capital Stock. 30 Section 4.03 Corporate Power. 31 Section 4.04 Corporate Authority. 31 Section 4.05 SEC Documents; Financial Statements 31 Section 4.06 Regulatory Reports 32 Section 4.07 Regulatory Approvals; No Defaults 32 Section 4.08 CenterState Information 33 Section 4.09 Absence of Certain Changes or Events 33 Section 4.10 Compliance with Laws 33 Section 4.11 CenterState Regulatory Matters 34 Section 4.12 Brokers 35 Section 4.13 Tax Matters 35 Section 4.14 Regulatory Capitalization 36 Section 4.15 No Financing 36 ARTICLE V COVENANTS Section 5.01 Covenants of HCBF 36 Section 5.02 Covenants of CenterState 41 Section 5.03 Commercially Reasonable Efforts 41 Section 5.04 Shareholder Approval 41 Section 5.05 Registration Statement; Proxy Statement-Prospectus; NASDAQ Listing 43 Section 5.06 Regulatory Filings; Consents 44 Section 5.07 Publicity 45 Section 5.08 Access; Current Information 45 Section 5.09 No Solicitation by HCBF; Superior Proposals 46 Section 5.10 Indemnification 49 Section 5.11 Employees; Benefit Plans 50 Section 5.12 Notification of Certain Changes 52 Section 5.13 Transition; Informational Systems Conversion 53 Section 5.14 No Control of Other Party’s Business. 53 Section 5.15 Certain Litigation 53 Section 5.16 Director Resignations 53 Section 5.17 Non-Competition and Non-Disclosure Agreement 54 Section 5.18 Claims Letters 54 Section 5.19 Coordination 54 Section 5.20 Transactional Expenses 55 Section 5.21 Confidentiality 55 Section 5.22 Tax Matters 55 Section 5.23 Loss Share Agreements 55 Section 5.24 Retention Bonus Payments 55 ARTICLE VI

REPRESENTATIONS AND WARRANTIES OF CENTERSTATE. 23 Section 4.01 Organization Making of Representations and StandingWarranties. 30 23 Section 4.02 Capital Stock. 30 Organization, Standing and Authority.. 23 Section 4.03 Corporate PowerCapitalization. 31 24 Section 4.04 Corporate Authority; No Violation. 31 24 Section 4.05 SEC Documents; Financial Statements 31 Consents and Approvals. 25 Section 4.06 Regulatory Reports 32 Reports. 25 Section 4.07 Regulatory Approvals; No Defaults 32 Financial Statements. 26 Section 4.08 CenterState Information 33 Taxes. 28 Section 4.09 Absence of Certain Changes or Events 33 Events. 28 Section 4.10 Legal Proceedings. 28 Section 4.11 Compliance with Laws 33 Section 4.11 CenterState Regulatory Matters 34 Applicable Law. 29 Section 4.12 Brokers 35 Agreements with Regulatory Agencies. 29 Section 4.13 Tax Matters 35 Reorganization. 30 Section 4.14 Regulatory Capitalization 36 Broker’s Fees. 30 Section 4.15 No Financing 36 CenterState Information. 30 Section 4.16 Financing. 30 Section 4.17 Contracts. 30 Section 4.18 Environmental Matters. 31 Section 4.19 Loan Portfolio. 31 Section 4.20 Insurance. 31 Section 4.21 Regulatory Capitalization. 31 ARTICLE V COVENANTS 31 Section 5.01 Covenants of HCBF 36 Charter. 31 Section 5.02 Covenants of CenterState 41 CenterState. 35 Section 5.03 Commercially Reasonable Efforts 41 Efforts. 36 Section 5.04 Shareholder Approval 41 Stockholder Approval. 36 Section 5.05 Registration Statement; Proxy Statement-Prospectus; NASDAQ Listing 43 . 36 Section 5.06 Regulatory Filings; Consents 44 Consents. 37 Section 5.07 Publicity 45 Publicity. 38 Section 5.08 Access; Current Information 45 Information. 39 Section 5.09 No Solicitation by HCBFCharter; Superior Proposals 46 Proposals. 40 Section 5.10 Indemnification 49 Indemnification. 42 Section 5.11 Employees; Benefit Plans 50 Plans. 44 Section 5.12 Notification of Certain Changes 52 Changes. 47 Section 5.13 Transition; Informational Systems Conversion 53 Conversion.. 47 Section 5.14 No Control of Other Party’s Business. 53 47 Section 5.15 Certain Litigation 53 Litigation. 47 Section 5.16 Director Resignations 53 Certain Officer Agreements 46 Section 5.17 Director Resignations. 48 Section 5.18 Non-Competition and Non-Disclosure Agreement 54 Section 5.18 Claims Letters 54 Agreement. 48 Section 5.19 Coordination 54 Claims Letters. 48 Section 5.20 Transactional Expenses 55 Coordination. 48 ii Section 5.21 Confidentiality 55 Transactional Expenses. 49 Section 5.22 Tax Matters 55 Confidentiality. 49 Section 5.23 Loss Share Agreements 55 Tax Matters. 49 Section 5.24 Retention Bonus Payments 55 ARTICLE VITrust Preferred Securities. 50

REPRESENTATIONS AND WARRANTIES OF CENTERSTATE. 22 Section 4.01 Organization 4.01. Making of Representations and StandingWarranties 22 Section 4.02. 30 Organization, Standing and Authority 23 Section 4.02 Capital Stock4.03. 30 Capitalization 23 Section 4.03 Corporate Power4.04. 31 Authority; No Violation 24 Section 4.04 Corporate Authority4.05. 31 Consents and Approvals 25 Section 4.05 SEC Documents; 4.06. Reports 25 Section 4.07. Financial Statements 31 26 Section 4.06 Regulatory Reports 32 4.08. Taxes 27 Section 4.07 Regulatory Approvals; No Defaults 32 Section 4.08 CenterState Information 33 Section 4.09 4.09. Absence of Certain Changes or Events 33 27 Section 4.10 4.10. Legal Proceedings 28 Section 4.11. Compliance with Laws 33 Applicable Law 28 Section 4.11 4.12. Agreements with Regulatory Agencies 29 Section 4.13. Reorganization 29 Section 4.14. Broker’s Fees 29 Section 4.15. CenterState Regulatory Information 29 Section 4.16. Financing 29 Section 4.17. Contracts 29 Section 4.18. Environmental Matters 34 30 Section 4.12 Brokers 35 4.19. Loan Portfolio 30 Section 4.13 Tax Matters 35 4.20. Insurance 30 Section 4.14 Regulatory Capitalization 36 Section 4.15 No Financing 36 4.21. Opinion 30 ARTICLE V COVENANTS 30 Section 5.01 5.01. Covenants of HCBF 36 Sunshine 30 Section 5.02 5.02. Covenants of CenterState 41 35 Section 5.03 5.03. Commercially Reasonable Efforts 41 35 Section 5.04 5.04. Shareholder Approval 41 35 Section 5.05 5.05. Registration Statement; Proxy Statement-Prospectus; NASDAQ Listing 43 36 Section 5.06 5.06. Regulatory Filings; Consents 44 37 Section 5.07 5.07. Publicity 45 37 Section 5.08 5.08. Access; Current Information 45 38 Section 5.09 5.09. No Solicitation by HCBFSunshine; Superior Proposals 46 39 Section 5.10 5.10. Indemnification 49 41 Section 5.11 5.11. Employees; Benefit Plans 50 43 Section 5.12 5.12. Notification of Certain Changes 52 Changes. 45 Section 5.13 5.13. Transition; Informational Systems Conversion 53 45 Section 5.14 5.14. No Control of Other Party’s BusinessBusiness 46 Section 5.15. 53 Section 5.15 Certain Litigation 53 46 Section 5.16 5.16. Director Resignations 53 46 Section 5.17 5.17. Non-Competition and Non-Disclosure Agreement 54 46 Section 5.18 5.18. Claims Letters 54 46 Section 5.19 5.19. Coordination 54 46 Section 5.20 5.20. Transactional Expenses 55 47 Section 5.21 5.21. Confidentiality 55 47 Section 5.22 5.22. Tax Matters 55 Section 5.23 Loss Share Agreements 55 Section 5.24 Retention Bonus Payments 55 ARTICLE VI48