UNIT OPTION – BUY DOWN AGREEMENTUnit Option – Buy Down Agreement • May 6th, 2019 • Tectonic Financial, Inc. • State commercial banks • Texas
THIS UNIT OPTION – BUY DOWN AGREEMENT (this “Agreement”), is entered into as of this February 5, 2015 (the “Grant Date”) by and among A. Haag Sherman (the “Optionor”) and the persons listed on the signature page hereto as Optionees (each an “Optionee” and, collectively, the “Optionees”), Tectonic Holdings, LLC, a Texas limited liability company (the “Company”), and Tectonic Services, LLC, a Texas limited liability company (“MGMT”). The Optionor, the Optionees, the Company and MGMT are sometimes each individually referred to herein as a “Party” and collectively as the “Parties”. Capitalized terms used but not defined herein shall have the meanings set forth in the Company Agreement of the Company dated as of February 5, 2015 (the “HoldCo Company Agreement”) or in the Company Agreement of MGMT dated as of February 5, 2015, as applicable (the “MGMT Company Agreement” and, collectively with the HoldCo Company Agreement, the “Company Agreements” and each individually, a “Company Agreement”)
