EXHIBIT 10.1
MUTUAL TERMINATION
The undersigned are parties to the Agreement and Plan of Reorganization,
dated August 9, 1999 (the "Agreement"), by and among Gold Banc Corporation,
Inc., a Kansas corporation ("Gold Banc"), Gold Banc Acquisition Corporation
VIII, Inc., a Kansas corporation ("Acquisition Subsidiary"), and Union
Bankshares, Ltd., a Delaware corporation (the "Company"). Capitalized terms used
herein that are not otherwise defined herein shall have the meanings set forth
in the Agreement.
Pursuant to Section 11.1(a) of the Agreement, the parties hereby
voluntarily and mutually agree to terminate the Agreement, effective on the date
hereof.
The parties acknowledge and agree that no party is in breach or default of
the Agreement, and that no party has any further liability or obligation to any
other party under or pursuant to the Agreement. Each party agrees to bear its
own expenses in connection with the Agreement and the termination thereof.
The execution and delivery of this mutual termination has been authorized
by the board of directors, or an executive committee of the board, of each party
hereto.
IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this mutual termination.
Dated: March 17, 2000
GOLD BANC CORPORATION, INC.
By: /s/▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: President and Chief Operating
Officer
GOLD BANC ACQUISITION CORPORATION VIII, INC.
By: /s/▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Secretary-Treasurer
UNION BANKSHARES, LTD.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Chief Executive Officer