Company Order of Limestone Bancorp, Inc. dated July 21, 2020

Ladies and Gentlemen:

The undersigned hereby delivers to you this Company Order pursuant to the Indenture dated as of July 23, 2019 (the "Indenture"), between Limestone Bancorp, Inc., a Kentucky corporation (the "Company"), and you, as trustee (the "Trustee").  The Indenture relates to the Company's 5.75% Fixed-to-Floating Rate Subordinated Notes due 2029 (the “Notes”) issuable pursuant to the Indenture.  Capitalized terms used but not defined herein shall have the meanings given them in the Indenture.

Pursuant to Section 2.05 of the Indenture, you, as Trustee, are hereby authorized and directed to (i) increase the aggregate principal amount of the Outstanding Subordinated Notes to be issued under the Indenture from $17,000,000 to $25,000,000, and (ii) reopen the series of Notes for issuances of additional Notes in the aggregate principal amount of $8,000,000 (the “Additional Notes”) upon Company Order.

The undersigned, as Trustee under the Indenture referred to above, acknowledges receipt of the Company Order to (i) increase the aggregate principal amount of the Outstanding Subordinated Notes to be issued under the Indenture from $17,000,000 to $25,000,000, and (ii) reopen the series of Notes for issuances of additional Notes in the aggregate principal amount of $8,000,000  upon Company Order.