TAX ALLOCATION AGREEMENTTax Allocation Agreement • May 11th, 2015 • Southern Missouri Bancorp Inc • Savings institutions, not federally chartered • Missouri
This Agreement is entered into as of April 21, 2015, among the following parties: SOUTHERN MISSOURI BANCORP, INC. ("SMBC"), a Missouri Corporation, and SOUTHERN BANK (the Bank), a Missouri chartered trust company with banking powers. The parties are members ("Members") of an affiliated group ("Affiliated Group") within the meaning of Section 1504 of the Internal Revenue Code ("Code") and file a consolidated return for federal income tax purposes. SMBC is the common parent of the Affiliated Group. The parties desire to provide for the allocation of tax liabilities among the Members and to provide for reimbursing Members whose tax losses or credits reduce the consolidated taxable income. References herein to "regulations" shall be to the Treasury Regulations. References herein to "tax liabilities" are to current tax liabilities and not deferred tax liabilities; however, the Bank shall not transfer any of its deferred tax liabilities to SMBC through cash payments or by any other means, no
