Common use of Pro Forma Statement Clause in Contracts

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will provide to the Assuming Institution a Pro Forma Statement reflecting any adjustments of those liabilities and assets as may be necessary so that the Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets and business of the Failed Bank acquired by the Assuming Institution, whether or not those accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on the Bank Closing Date will be deemed not to be charged off for the purposes of the Pro Forma Statement, and the purchase price will be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as As soon as practicable after the Bank Closing Date, in accordance with the best information then available, the Receiver will provide to the Assuming Institution Bridge Bank a pro forma statement (the “Pro Forma Statement reflecting Statement”). The Receiver will prepare the Pro Forma Statement, in its discretion, to reflect any adjustments of those such liabilities and assets as may be necessary so that the Pro Forma Statement is consistent with the requirements of this Agreementnecessary. That Such Pro Forma Statement will take into account, account to the extent possible, among other itemsthings, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1in Sections 2.02(a) and 2.03(a), respectively, that on the Bank Closing Date which were carried in the Failed Bank’s suspense accountsaccounts on the Bank Closing Date, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank, attributed to the Bridge Bank acquired by the Assuming Institutionthereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 1, pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by The Pro Forma Statement will establish the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on the Bank Closing Date will be deemed not to be charged off for the purposes net value of the Pro Forma StatementTransferred Assets, and the purchase price Assumed Liabilities that comprise the contribution made by the Receiver to the Bridge Bank pursuant to this Agreement and will be determined pursuant to Section 3.2. In accordance with Section 3.2(c), reflected as the Receiver’s investment in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing Bridge Bank on the Pro Forma StatementReceiver’s books.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities Module 1 – Whole Bank w/ Optional Shared Loss Agreements 31 Plantation Federal Bank Version 4.1 – PURCHASE AND ASSUMPTION AGREEMENT Pawleys Island, SC February 21, 2012 and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that which was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s 's suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “"bank only” " (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s 's recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that which was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.2 – PURCHASE AND ASSUMPTION AGREEMENT July 15, 2011 30 Citizens Bank of Northern California Nevada City, California suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method equity method of Accountingaccounting, whether or not the Failed Bank used the Equity Method equity method of Accounting accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was which the Failed Bank partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than Standard P&A Agreement Version 4.2 – PURCHASE AND ASSUMPTION AGREEMENT April 24, 2012 35 Xxxxxxxxxx Bank & Trust Xxxxx, Georgia the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that which was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The the Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s 's suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, Basic P&A Agreement (VB. Illinois). Valley Bank. Version 6..2P — PURCHASE AND ASSUMPTION AGREEMENT Moline, 1L and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “"bank only” " (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s 's recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that which was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will Fonna statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.13. 1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s 's suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected reflected! on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “"bank only” " (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s 's recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity equjty will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that which was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. It is understood that the determination of the Initial Payment is based on the Receiver’s best estimate of the Liabilities Assumed and the Assets at Bank Closing. The Receiver, as soon as practicable after the Bank Closing DateClosing, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement pro forma statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the Pro Forma Statement is consistent with the requirements of this Agreementnecessary. That Pro Forma Statement will Such pro forma statement shall take into account, to the extent possible, among other items, (ai) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that on the which at Bank Closing Date were carried in the Failed Bank’s suspense accounts, (bii) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Accounting Records of the Failed Bank Records in the normal course of its operations, and (ciii) adjustments to determine the Book Value of any investment in an Acquired a Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method equity method of Accountingaccounting, whether or not the Failed Bank used the Equity Method equity method of Accounting accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Accounting Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary Loan purchased by the Assuming Institution pursuant to Section 3.1 that was partially or wholly which the Failed Bank charged off during the period beginning the day after the Bid Valuation Date and ending on the to Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementpro forma statement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c)Module 4- Whole Bank – P&A Version 2.07 October 8, in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and0000 Xxxxx Xxxxxxxx Xxxx Xxxxxxxxxx, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.Xxxxxxxx

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method equity method of Accountingaccounting, whether or not the Failed Bank used the Equity Method equity method of Accounting accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Module 1 – Whole Bank w/ Optional Shared Loss Agreements CommunitySouth Bank and Trust Version 3.0– PURCHASE AND ASSUMPTION AGREEMENT Easley, SC January 19, 2011 Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary Loan purchased by the Assuming Institution pursuant to Section 3.1 that was partially or wholly which the Failed Bank charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that which was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement8.2.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to Module 1 – Whole Bank w/ Optional Shared Loss Agreements 29 First Heritage Bank Version 3.1.1 – PURCHASE AND ASSUMPTION AGREEMENT Snohomish, Washington April 27, 2011 determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method equity method of Accountingaccounting, whether or not the Failed Bank used the Equity Method equity method of Accounting accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was which the Failed Bank partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will provide to the Assuming Institution a Pro Forma Statement reflecting any adjustments of those liabilities and assets as may be necessary so that the Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets and business of the Failed Bank acquired by the Assuming Institution, whether or not those accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on the Bank Closing Date will be deemed not to be charged off for the purposes of the Pro Forma Statement, and the purchase price will be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.. 00 Xxxxxxx Xxxxxx Xxxxxx Xxxx, XX Version 13.2 – PURCHASE AND ASSUMPTION AGREEMENT Santa Clara, California

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Module 1 – Whole Bank w/ Optional Shared Loss Agreements 30 Virginia Business Bank Version 3.1.1 – PURCHASE AND ASSUMPTION AGREEMENT Richmond, Virginia April 27, 2011 Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method equity method of Accountingaccounting, whether or not the Failed Bank used the Equity Method equity method of Accounting accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was which the Failed Bank partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s 's suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets Module 1 - Whole Bank w/ Optional Shared Loss Agreements 31 The First National Bank of Olathe Version 3.2- PURCHASE AND ASSUMPTION AGREEMENT Olathe, Kansas July 15, 2011 and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method equity method of Accountingaccounting, whether or not the Failed Bank used the Equity Method equity method of Accounting accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s 's recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was which the Failed Bank partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that which was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c)Whole Bank w/ Optional Shared Loss Agreements Version 4.2.2 – PURCHASE AND ASSUMPTION AGREEMENT June 1, in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and2012 31 Security Exchange Bank Marietta, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.Georgia

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will provide to the Assuming Institution a Pro Forma Statement reflecting any adjustments of those liabilities and assets as may be necessary so that the Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that on the Bank Closing Date were carried in the Failed Bank’s 's suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets and business of the Failed Bank acquired by the Assuming Institution, whether or not those accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “"bank only” " (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s 's recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on the Bank Closing Date will be deemed not to be charged off for the purposes of the Pro Forma Statement, and the purchase price will be determined pursuant to Section 3.2. In Any Qualified Financial Contract transferred pursuant to this Agreement will be included (in accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included ) at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount in respect of that Qualified Financial Contract will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will provide to the Assuming Institution a Pro Forma Statement reflecting any adjustments of those liabilities and assets as may be necessary so that the Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will take into account, to the extent possible, among other items, (a) liabilities and assets of a ofa nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that on the Bank Closing Date were carried in the Failed Bank’s 's suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets and business of the Failed Bank acquired by the Assuming Institution, whether or not those accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “''bank only” " (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s 's recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on the Bank Closing Date will be deemed not to be charged off for the purposes of the Pro Forma Statement, and the purchase price will be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement. 8.2.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets Module 1 — Whole Bank w/ Optional Shared Loss Agreements First State Bank Version 3.2— Purchase and Assumption Agreement Cranford, NJ July 15, 2011 and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method equity method of Accountingaccounting, whether or not the Failed Bank used the Equity Method equity method of Accounting accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was which the Failed Bank partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. It is understood that the determination of the Initial Payment is based on the Receiver’s best estimate of the Liabilities Assumed and the Assets at Bank Closing. The Receiver, as soon as practicable after the Bank Closing DateClosing, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement pro forma statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the Pro Forma Statement is consistent with the requirements of this Agreementnecessary. That Pro Forma Statement will Such pro forma statement shall take into account, to the extent possible, among other items, (ai) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that on the which at Bank Closing Date were carried in the Failed Bank’s suspense accounts, (bii) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Accounting Records of the Failed Bank Records in the normal course of its operations, and (ciii) adjustments to determine the Book Value of any investment in an Acquired a Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method equity method of Accountingaccounting, whether or not the Failed Bank used the Equity Method equity method of Accounting accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Accounting Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary Loan purchased by the Assuming Institution pursuant to Section 3.1 that was partially or wholly which the Failed Bank charged off during the period beginning the day after the Bid Valuation Date and ending on the to Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementpro forma statement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c)Module 4 — Whole Bank — P&A Sonoma Valley Bank Version 2.04 Sonoma, in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) andCalifornia July 16, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.2010

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method equity method of Accountingaccounting, whether or not the Failed Bank used the Equity Method equity method of Accounting accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was which the Failed Bank partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c)Module 1 – Whole Bank w/Optional Shared Loss Agreements 30 Bank of Xxxxxxx Version 3.1.1 – PURCHASE AND ASSUMPTION AGREEMENT COLFAX, in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) andWASHINGTON April 27, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.2011

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that which was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c)Whole Bank w/ Optional Shared Loss Agreements Version 4.2.2 – Purchase And Assumption Agreement June 1, in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and2012 31 Putnam State Bank Palatka, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.Florida

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets Fixed Price Whole Bank w/ Optional Shared Loss Agreements 30 Old Harbor Bank Version 3.2 – PURCHASE AND ASSUMPTION AGREEMENT Clearwater, Florida July 15, 2011 and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method equity method of Accountingaccounting, whether or not the Failed Bank used the Equity Method equity method of Accounting accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that was which the Failed Bank partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.

Pro Forma Statement. The Receiver, as soon as practicable after the Bank Closing Date, in accordance with the best information then available, will shall provide to the Assuming Institution a Pro Forma Statement statement reflecting any adjustments of those such liabilities and assets as may be necessary so that the necessary. Such Pro Forma Statement is consistent with the requirements of this Agreement. That Pro Forma Statement will statement shall take into account, to the extent possible, among other items, (a) liabilities and assets of a nature similar to those contemplated by Section 2.1 or Section 3.1, respectively, that which on the Bank Closing Date were carried in the Failed Bank’s suspense accounts, (b) accruals as of the Bank Closing Date for all income related to the Acquired Assets assets and business of the Failed Bank acquired by the Assuming InstitutionInstitution hereunder, whether or not those such accruals were reflected on the Failed Bank Records in the normal course of its operations, and (c) adjustments to determine the Book Value of any investment in an Acquired Subsidiary and related accounts on the “bank only” (unconsolidated) balance sheet of the Failed Bank based on the Equity Method of Accounting, whether or not the Failed Bank used the Equity Method of Accounting for investments in subsidiaries, except that the resulting amount cannot be less than the Acquired Subsidiary’s recorded equity as of the Bank Closing Date as reflected on the Failed Bank Records of the Acquired Subsidiary. Acquired Subsidiaries with negative equity will be restated to $1 pursuant to the Equity Method of Accounting. Any Acquired Asset purchased by the Assuming Institution or any asset of an Acquired Subsidiary purchased by the Assuming Institution pursuant to Section 3.1 that which was partially or wholly charged off during the period beginning the day after the Bid Valuation Date and ending on to the date of the Bank Closing Date will shall be Module 1 – Whole Bank w/ Optional Shared Loss Agreements 31 First Guaranty Bank and Trust Company of Jacksonville Version 3.3.1– PURCHASE AND ASSUMPTION AGREEMENT Jacksonville, FL December 7, 2011 deemed not to be charged off for the purposes of the Pro Forma Statementstatement, and the purchase price will shall be determined pursuant to Section 3.2. In accordance with Section 3.2(c), in preparing the Pro Forma Statement each Qualified Financial Contract will be included at QFC Contract Value (positive or negative) and, if a Qualified Financial Contract is a liability, no further liability amount will be included for purposes of preparing the Pro Forma Statement.