Coastal Financial Corp Sample Contracts

SUBORDINATED NOTE PURCHASE AGREEMENT
Subordinated Note Purchase Agreement • November 1st, 2022 • Coastal Financial Corp • State commercial banks • New York

This SUBORDINATED NOTE PURCHASE AGREEMENT (this “Agreement”) is dated as of November 1, 2022, and is made by and between Coastal Financial Corporation, a Washington corporation (the “Company”), and the purchaser of the Subordinated Notes (as defined herein) identified on the signature page hereto (the “Purchaser”).

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EXCHANGE AGREEMENT
Exchange Agreement • October 1st, 2018 • Coastal Financial Corp • State commercial banks • Washington

This EXCHANGE AGREEMENT is made and entered into as of September 26, 2018 (this “Agreement”) by and between Coastal Financial Corporation, a Washington corporation (the “Company”), and CJA Private Equity Financial Restructuring Master Fund I LP, a limited partnership formed under the laws of the Cayman Islands (the “Investor”).

Common Stock UNDERWRITING AGREEMENT
Underwriting Agreement • July 10th, 2018 • Coastal Financial Corp • State commercial banks • New York
PROGRAM AGREEMENT
Program Agreement • March 21st, 2019 • Coastal Financial Corp • State commercial banks • Washington

THIS PROGRAM AGREEMENT (including all schedules, appendices, exhibits, addenda and amendments, the “Agreement”) is entered into this 26th day of September, 2018, (the “Effective Date”) by and between Coastal Community Bank, a Washington chartered bank (“Coastal”), and Aspiration Financial, LLC, a limited liability company organized under the laws of the state of Delaware (“Aspiration”) and supersedes in its entirety the Program Agreement dated as of May 17, 2018, by and between Coastal and Aspiration. Each of Coastal and Aspiration shall also be referenced as a “Party” and collectively as the “Parties.”

EMPLOYMENT AGREEMENT
Employment Agreement • August 5th, 2022 • Coastal Financial Corp • State commercial banks • Washington

THIS EMPLOYMENT AGREEMENT (the “Agreement”) dated as of May 18, 2022 (the “Effective Date”), is made by and among Coastal Financial Corporation (the “Holding Company”), Everett, Washington, Coastal Community Bank (the “Bank”), Everett, Washington, and Curt Queyrouze, an individual (the “Executive”).

1,200,000 Shares COASTAL FINANCIAL CORPORATION Common Stock UNDERWRITING AGREEMENT
Underwriting Agreement • December 12th, 2024 • Coastal Financial Corp • State commercial banks
EMPLOYMENT AGREEMENT
Employment Agreement • August 24th, 2015 • Coastal Financial Corp • State commercial banks • Washington

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made effective as of April 9, 2013, by and between Coastal Financial Corporation (the “Holding Company”), Everett, Washington, Coastal Community Bank (the “Bank”), Everett, Washington, and Eric Sprink (the “Executive”).

740,742 Shares COASTAL FINANCIAL CORPORATION Common Stock UNDERWRITING AGREEMENT
Underwriting Agreement • December 20th, 2021 • Coastal Financial Corp • State commercial banks • New York
FOURTH AMENDMENT OF LEASE
Lease • March 16th, 2023 • Coastal Financial Corp • State commercial banks • Washington

This FOURTH AMENDMENT OF LEASE is made to be effective the 31st day of January, 2023 (this “Amendment”), by and between Skotdal Brothers, LLC, a Washington limited liability company, successor in interest to Skotdal Revocable Living Trust and Arthur W. Skotdal; and MJS Everett LLC, a Washington limited liability company, successor in interest to Edwin McRory and Irene McRory and the martial community composed thereof; and Goyette Living Trust, successor in interest to Thomas Goyette and Louise Goyette and the marital community composed thereof (collectively, “Lessor”), and Coastal Community Bank, a Washington state chartered bank (“Lessee”).

FIRST AMENDMENT TO INVESTMENT AGREEMENTS
Investment Agreement • June 19th, 2018 • Coastal Financial Corp • State commercial banks

This First Amendment to Investment Agreements (this “Amendment”), dated as of May 9, 2018, is made and entered into by and between Coastal Financial Corporation, a Washington corporation (the “Company”) and Montlake Capital II, L.P. and Montlake Capital II-B, L.P. (each individually and collectively, the “Investor”).

LEASE AMENDMENT 1.0
Lease Amendment • June 19th, 2018 • Coastal Financial Corp • State commercial banks

THIS AMENDMENT (“Amendment”) is entered into as of August 15, 2006 between Arthur W. Skotdal and Marianne P. Skotdal and the marital community composed thereof; and Edwin McRory and Irene McRory and the marital community composed thereof; and Thomas Goyette and Louise Goyette and the marital community composed thereof; and Skotdal Brothers, LLC a Washington limited liability company, hereinafter collectively referred to as “Lessor”, and Coastal Community Bank hereinafter referred to as “Lessee”, and provides for the amendment of that certain lease dated October 21, 1996 (“Lease”) previously entered into by the parties hereto.

LEASE AMENDMENT 3.0
Lease Amendment • June 19th, 2018 • Coastal Financial Corp • State commercial banks

THIS AMENDMENT (“Amendment”) is entered into as of June 29, 2009 between Arthur W. Skotdal and Marianne P. Skotdal and the marital community composed thereof; and Edwin McRory and Irene McRory and the marital community composed thereof; and Thomas Goyette and Louise Goyette and the marital community composed thereof; and Skotdal Brothers, LLC a Washington limited liability company, hereinafter collectively referred to as “Lessor”, and Coastal Community Bank hereinafter referred to as “Lessee”, and provides for the amendment of that certain Lease dated October 21, 1996 previously entered into by the parties hereto, as amended by Amendment 1.0 dated August 15, 2006 and Amendment 2.0 dated March 31, 2008, (collectively the “Lease”).

FORM OF PERFORMANCE AWARD AGREEMENT FOR COASTAL FINANCIAL CORPORATION
Performance Award Agreement • July 24th, 2018 • Coastal Financial Corp • State commercial banks

(the “Participant”) is hereby granted a performance award (the “Performance Award”) by Coastal Financial Corporation (the “Company”) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan (the “2018 Plan”). The Award is subject to the terms and conditions of the 2018 Plan and this Performance Award Agreement (“Award Agreement”).

FIRST AMENDMENT TO INVESTMENT AGREEMENTS
Investment Agreement • June 19th, 2018 • Coastal Financial Corp • State commercial banks

This First Amendment to Investment Agreements (this “Amendment”), dated as of May 9, 2018, is made and entered into by and between Coastal Financial Corporation, a Washington corporation (the “Company”) and CJA Private Equity Financial Restructuring Master Fund I LP (the “Investor”).

FORM OF RESTRICTED STOCK/RESTRICTED STOCK UNIT AWARD AGREEMENT FOR COASTAL FINANCIAL CORPORATION
Restricted Stock/Restricted Stock Unit Award Agreement • July 24th, 2018 • Coastal Financial Corp • State commercial banks

(the “Participant”) is hereby granted a [restricted stock]/[restricted stock unit] award (the “Award”) by Coastal Financial Corporation (the “Company”) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan (the “2018 Plan”). The Award is subject to the terms and conditions of the 2018 Plan and this Restricted Stock/Restricted Stock Unit Award Agreement (“Award Agreement”).

FIRST AMENDMENT OF COMMERCIAL REAL ESTATE LEASE
Commercial Real Estate Lease • June 19th, 2018 • Coastal Financial Corp • State commercial banks

THIS FIRST AMENDMENT TO COMMERCIAL REAL ESTATE LEASE (“First Amendment”) is made to be effective the 26th day of March, 2018 (the “Effective Date”), by and between JMHLS, LLC, a Washington Limited Liability Company (“Landlord”), and Coastal Community Bank (“Tenant”).

Lease
Lease • June 19th, 2018 • Coastal Financial Corp • State commercial banks • Washington

THIS LEASE, made in Everett this 21st day of October, 1996, between Arthur W. Skotdal and Marianne P. Skotdal and the marital community composed thereof; Edwin McRory and Irene McRory and the marital community composed thereof; and Thomas Goyette and the marital community composed thereof; Andrew P. Skotdal, a single man; and Craig G. Skotdal, a single man, hereinafter collectively referred to as “Lessor”, and Coastal Community Bank (In Organization) hereinafter referred to as “Lessee”.

FIRST AMENDMENT TO INVESTMENT AGREEMENT
Investment Agreement • June 19th, 2018 • Coastal Financial Corp • State commercial banks

This First Amendment to Investment Agreement (this “Amendment”), dated as of May 9, 2018, is made and entered into by and between Coastal Financial Corporation, a Washington corporation (the “Company”) and Steven D. Hovde (the “Investor”).

COASTAL FINANCIAL CORPORATION COASTAL COMMUNITY BANK CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • May 8th, 2020 • Coastal Financial Corp • State commercial banks • Washington

THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (“Agreement”) is entered into by and between COASTAL FINANCIAL CORPORATION, a Washington corporation (“Company”), its wholly-owned subsidiary, COASTAL COMMUNITY BANK, a Washington state-chartered bank (“Bank”), and __________ (“Executive”), as of __________.

COASTAL FINANCIAL CORPORATION COASTAL COMMUNITY BANK AMENDED AND RESTATED CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • June 19th, 2018 • Coastal Financial Corp • State commercial banks • Washington

THIS AMENDED AND RESTATED CHANGE IN CONTROL SEVERANCE AGREEMENT (“Agreement”) is entered into by and between COASTAL FINANCIAL CORPORATION, a Washington corporation (“Company”), its wholly-owned subsidiary, COASTAL COMMUNITY BANK, a Washington state-chartered bank (“Bank”), and JOEL EDWARDS (“Executive”), as of June 19, 2018.

LEASE AMENDMENT 2.0
Lease Amendment • June 19th, 2018 • Coastal Financial Corp • State commercial banks

THIS AMENDMENT (“Amendment”) is entered into as of March 31, 2008 between Arthur W. Skotdal and Marianne P. Skotdal and the marital community composed thereof; and Edwin McRory and Irene McRory and the marital community composed thereof; and Thomas Goyette and Louise Goyette and the marital community composed thereof; and Skotdal Brothers, LLC a Washington limited liability company, hereinafter collectively referred to as “Lessor”, and Coastal Community Bank hereinafter referred to as “Lessee”, and provides for the amendment of that certain lease dated October 21, 1996 (“Lease”) previously entered into by the parties hereto, plus Amendment 1.0 entered into on August 15, 2006.

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FORM OF STOCK OPTION AWARD AGREEMENT FOR COASTAL FINANCIAL CORPORATION
Stock Option Award Agreement • July 24th, 2018 • Coastal Financial Corp • State commercial banks

(the “Participant”) is hereby granted an option to purchase shares of Common Stock (the “Option”) by Coastal Financial Corporation (the “Company”) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan (the “2018 Plan”). The Option shall be subject to the terms and conditions of the 2018 Plan and this Stock Option Award Agreement (“Award Agreement”):

COMMERCIAL REAL ESTATE LEASE
Commercial Real Estate Lease • June 19th, 2018 • Coastal Financial Corp • State commercial banks • Washington

This Article I contains the Basic Terms of this Lease between the Landlord and Tenant named below. Other Articles, Sections and Paragraphs of the Lease referred to in this Article I explain and define the Basic Terms and are to be read in conjunction with the Basic Terms.

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