FOURTH AMENDMENT OF LOAN DOCUMENTS This Amendment is effective as of the 30th day of December, 1999 and is entered into by and among Blue Valley Ban Corp ("Borrower"), Bank of Blue Valley (the "Subsidiary Bank"), and Bank of America, N.A., successor to NationsBank, N.A., which was successor to Boatmen's First National Bank of Kansas City ("Bank"). Whereas, Borrower is indebted to Bank as evidenced by a Promissory Note dated December 31, 1996 in the face principal amount of $2,887,500 and Promissory Note being amended by an Amendment of Loan Documents dated December 26, 1997 which Amendment, among other matters, increased the face principal amount of said Promissory Note to $4,387,500, said Promissory Note being further amended and replaced by that certain Promissory Note dated January 31, 1999 in the face principal amount of $3,450,000, and subsequently said Promissory Note being further amended and replaced by that certain Amended and Restated Promissory Note dated June 21st, 1999 ("Former Note"), the Former Note having an outstanding principal balance of $5,450,000 as of the date hereof; Whereas, the loan evidenced by the Former Note is governed by the terms of an Agreement dated January 2, 1997 by and among Borrower, the Subsidiary Bank, and Bank said Loan Agreement being amended by the above described Amendment of Loan Documents dated December 26, 1997 and by that certain Second Amendment of Loan Documents dated January 31, 1999 as well as that certain Third Amendment of Loan Documents (as amended, the "Loan Agreement"), and the loan evidenced by the Former Note is secured by a Security Agreement dated June 7, 1994 and executed by Borrower in favor of Bank (the "Security Agreement") whereby Borrower pledged a security interest in, among other items of collateral, 258,000 shares of Borrower's stock in Subsidiary Bank; and Whereas, Borrower has requested that the face principal amount of the Former Note be increased so as to make additional loan proceeds available to Borrower, and Bank has agreed to do so upon the terms and conditions hereinafter set forth. Now, therefore, in consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties hereto, Borrower, the Subsidiary Bank, and Bank agree as follows: 1. Amendment and Restatement of Former Note: Additional Loan Proceeds. The Former Note shall be amended and restated by a new note to be dated as of the effective date hereof (the "New Note") which shall be in the form of Exhibit A attached hereto, which New Note shall increase the principal amount thereof and provide for such other changes as may be provided for therein. All sums outstanding under the Former Note shall from the effective date of this Amendment be evidenced by the New Note referenced herein. Such sums include a principal amount of $5,450,000. Additional loan proceeds in the amount of $2,000,000 shall be made available to Borrower from the date hereof which additional amount of principal as well as the existing principal balance under the Former Note shall be evidenced by the New Note, with the result that the New Note shall evidence a face principal amount of $7,450,000. All terms in the Loan Agreement and the Security Agreement referencing the "Note" or the "Promissory Note" shall from the date hereof mean the Former Note as amended and replaced by the New Note. 2. Amendment of Loan Agreement. Section 3.6, as added by the Amendment to Loan Documents dated December 26, 1997, shall be amended to specifically allow for Borrower's issuance of up to an aggregate amount of Twelve Million Five Hundred Thousand Dollars ($12,500,000) in junior subordinated debentures, subordinate to Bank, and Borrower's guaranty of a like amount in preferred securities to be issued by BBVC Capital I. 3. Security Agreement. The collateral provided for in the Security Agreement shall continue to secure the "Obligations" as defined therein, which shall include indebtedness evidenced by the Former Note, as replaced by the New Note. 4. Except as amended hereby, all other terms and conditions in the Note, the Loan Agreement and the Security Agreement shall remain unchanged and in full force and effect. 5. Borrower represents and warrants to Bank that it is not, as of the effective date hereof, in default under the Note, the Loan Agreement, or the Security Agreement. Borrower further warrants and represents to Bank that as of the effective date hereof Borrower has no claim, counterclaim, defense or set-off with respect to the amounts due to Bank under the Note as amended. This Fourth Amendment of Loan Documents shall become effective as of the date set forth above upon Borrower's delivery to Bank of the original executed copies of this Fourth Amendment and the New Note. ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE. TO PROTECT YOU (BORROWER) AND US (CREDITOR) FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH WITH THE OTHER LOAN DOCUMENTS REFERRED TO IN THIS SECOND AMENDMENT OF LOAN DOCUMENTS IS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN WRITING TO MODIFY IT. Blue Valley Ban Corp Bank of America, N.A., successor to NationsBank, N.A., successor to Boatmen's First National Bank of Kansas City By: /s/ Robert D. Regnier Title: President By: /s/ William J. Hornung Title: V. P. Bank of Blue Valley By: /s/ Robert D. Regnier Title: President