0001047469-06-007347 Sample Contracts

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Transition Agreement • May 17th, 2006 • Centennial Bank Holdings, Inc. • State commercial banks

It has been a pleasure working with you over the past eighteen months. We very much appreciate your substantial efforts and commitment. The purpose of this letter is to confirm the following transition arrangements that you and we have discussed. If you agree, this letter becomes your Transition Agreement with Centennial Bank Holdings, Inc. (the "Company").

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John W. Perkins, Guaranty Bank and Trust Company, 1331 Seventeenth Street, Denver, Colorado 80202. Dear Mr. Perkins:
Transition Agreement • May 17th, 2006 • Centennial Bank Holdings, Inc. • State commercial banks

It has been a pleasure working with you over the past eighteen months. We very much appreciate your substantial efforts and commitment. The purpose of this letter is to confirm the following transition arrangements that you and we have discussed. If you agree, this letter becomes your Transition Agreement with Guaranty Bank and Trust Company (the "Company").

EMPLOYMENT AGREEMENT
Employment Agreement • May 17th, 2006 • Centennial Bank Holdings, Inc. • State commercial banks • Colorado

This employment agreement ("Agreement") is dated as of May 16, 2006, and is entered into by and among Daniel M. Quinn ("Employee"), Centennial Bank Holdings, Inc., a Delaware corporation ("CBH" or the "Employer"). As an inducement to render services and superior performance, Employee and Employer agree as follows:

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Transition Agreement • May 17th, 2006 • Centennial Bank Holdings, Inc. • State commercial banks

It has been a pleasure working with you over the past eighteen months. We very much appreciate your substantial efforts and commitment. The purpose of this letter is to confirm the following transition arrangements that you and we have discussed. If you agree, this letter becomes your Transition Agreement with Centennial Bank of the West (the "Company").

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