LETTER LOAN AGREEMENTLoan Agreement • June 30th, 2016 • Investar Holding Corp • State commercial banks • Texas
The undersigned, INVESTAR HOLDING CORPORATION, a Louisiana corporation (the “Borrower”), with its mailing address located at the address set forth on the signature pages hereof, has requested that TIB - The Independent BankersBank (the “Lender”) extend a loan (the “Loan”) to Borrower to be evidenced by Borrower’s promissory note dated of even date herewith, in the maximum stated principal sum of $20,000,000.00, payable to the order of Lender as therein specified (the “Note”). The Note (and all renewals, extensions and rearrangements thereof) is hereinafter referred to as the “Note.” The proceeds of the Loan will be used by Borrower for holding company expenses, general corporate purposes, potential acquisitions, or capital injections into Bank to support growth as needed. In consideration of Lender making the Loan, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Borrower agrees with Lender as follows:
