Sun American Bancorp Sample Contracts

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EXECUTION FORM ASSET PURCHASE AGREEMENT DATED AS OF OCTOBER 9, 2003
Asset Purchase Agreement • October 28th, 2003 • Panamerican Bancorp • State commercial banks • Florida
April 13, 1995
Southern Security Bank Corp • April 2nd, 1998 • Blank checks
AMENDMENT #1 TO EXECUTIVE EMPLOYMENT AGREEMENT OF JAMES LAURENCE WILSON
Employment Agreement • April 2nd, 1998 • Southern Security Bank Corp • Blank checks • Florida
BETWEEN
Asset Purchase Agreement • October 1st, 2003 • Panamerican Bancorp • State commercial banks • Florida
AGREEMENT AND PLAN OF MERGER BY AND BETWEEN SOUTHERN SECURITY FINANCIAL CORPORATION,
Agreement and Plan of Merger • November 18th, 1997 • Southern Security Financial Corp • Blank checks • Florida
REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • August 5th, 2005 • Panamerican Bancorp • State commercial banks

This Registration Rights Agreement (this “Agreement”) is made and entered into as of August ___, 2005 among PanAmerican Bancorp., a Delaware corporation (the “Company”), and the Persons identified as “Holders” on the signature page hereto (each such Person is a “Holder” and all such purchasers are, collectively, the “Holders”).

EMPLOYMENT AGREEMENT
Employment Agreement • March 12th, 2008 • Sun American Bancorp • State commercial banks • Florida

Employment Agreement, dated as of March 6, 2008 (this "Agreement"), by and between Mr. Michael Golden, a resident of the State of Florida (the "Executive"), and Sun American Bancorp., a Delaware corporation and Sun American Bank, a Florida corporation (collectively, the "Company").

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • December 14th, 2005 • Panamerican Bancorp • State commercial banks

This Registration Rights Agreement (this “Agreement”) is made and entered into as of December ___, 2005 among PanAmerican Bancorp., a Delaware corporation (the “Company”), and the Persons identified as “Holders” on the signature page hereto (each such Person is a “Holder” and all such purchasers are, collectively, the “Holders”).

SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • December 14th, 2005 • Panamerican Bancorp • State commercial banks • Florida

This Securities Purchase Agreement (this “Agreement”) is dated as of December ___, 2005, by and among PanAmerican Bancorp, a Delaware corporation (the “Company”), and the purchasers identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).

UNITED STATES OF AMERICA BEFORE THE
Sun American Bancorp • February 6th, 2009 • State commercial banks

WHEREAS, in recognition of their common goal to maintain the financial soundness of Sun American Bancorp, Boca Raton, Florida (“Sun American”), a registered bank holding company, and its subsidiary bank, Sun American Bank, Boca Raton, Florida (the “Bank”), a state chartered bank that is a member of the Federal Reserve System, Sun American, the Bank, the Federal Reserve Bank of Atlanta (the “Reserve Bank”), and the State of Florida Office of Financial Regulation (the “OFR”) have mutually agreed to enter into this Written Agreement (the “Agreement”); and

PanAmerican Bancorp Hollywood, FL 33021 UNDERWRITING AGREEMENT May 13, 2004
Underwriting Agreement • June 24th, 2004 • Panamerican Bancorp • State commercial banks

The undersigned, PanAmerican Bancorp, a Delaware corporation (the “Company”), hereby confirms its agreement with CGF Securities, Inc. and Forge Financial Group, Inc., as managing underwriters on behalf of the underwriting group (being referred to herein as “you” or the “Underwriter”), as follows:

LOAN AND STOCK PLEDGE AGREEMENT
Loan and Stock Pledge Agreement • November 7th, 2008 • Sun American Bancorp • State commercial banks • Georgia

THIS LOAN AND STOCK PLEDGE AGREEMENT (the "Agreement"), entered into as of January 16, 2008, by and between SUN AMERICAN BANCORP, a Delaware corporation (the "Borrower"), and SILVERTON BANK, N.A. (the "Lender").

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • August 15th, 2005 • Panamerican Bancorp • State commercial banks • Florida

WHEREAS, Eecutive is willing to assist the directors of the Company in accordance with the terms and conditions herein after set forth:

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • April 3rd, 2002 • Southern Security Bank Corp • State commercial banks • Florida

THIS AGREEMENT, dated as of the 1st day of April, 2000, by and between Southern Security Bank, a Florida corporation (the "Bank" or "Employer") and Hugo A. Castro, (the "Executive").

EMPLOYMENT AGREEMENT
Employment Agreement • April 3rd, 2007 • Sun American Bancorp • State commercial banks • Florida

Employment Agreement, dated as of March 29, 2007 (this "Agreement"), by and between Timothy Leathers, a resident of the State of Florida located at Tequesta, Florida (the "Executive"), and Sun American Bank, a Florida corporation (the "Company").

EXECUTIVE Employment Agreement of Philip C. Modder
Southern Security Bank Corporation Executive Employment Agreement • April 2nd, 1998 • Southern Security Bank Corp • Blank checks • Florida
ASSET PURCHASE AGREEMENT BETWEEN PANAMERICAN BANK AND SOUTHERN SECURITY BANK CORP. AND SOUTHERN SECURITY BANK DATED May 15, 2001
Asset Purchase Agreement • August 14th, 2001 • Southern Security Bank Corp • State commercial banks • Florida
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SUBSCRIPTION AGREEMENT FOR UNITS OFFERED BY PANAMERICAN BANCORP
Subscription Agreement • June 24th, 2004 • Panamerican Bancorp • State commercial banks

The undersigned ________________ (“New Shareholder”), and PanAmerican Bancorp, a Delaware corporation (the “Corporation”), hereby agree as follows:

MODIFICATION TO LOAN AND STOCK PLEDGE AGREEMENT
Loan and Stock Pledge Agreement • March 11th, 2009 • Sun American Bancorp • State commercial banks

This modification to Loan and Stock Pledge Agreement (this “Modification”) is made as of January 16, 2009, by and between SILVERTON BANK, N.A. (“Lender”), and SUN AMERICAN BANCORP, a Delaware corporation (“Borrower”).

FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • February 23rd, 2004 • Panamerican Bancorp • State commercial banks

THIS FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT is entered into as of this 2nd day of February, 2004, by and between GULF BANK, a Florida banking corporation (“Seller”) and PAN AMERICAN BANK, a Florida banking corporation (“Purchaser”).

OFFICE LEASE AGREEMENT
Office Lease Agreement • December 19th, 2006 • Sun American Bancorp • State commercial banks • Florida

THIS LEASE AGREEMENT (this “Lease”), is made and entered into on the 11th day of June 2002, by and between TEQUESTA BUSINESS ASSOCIATES, a Florida General Partnership (“Landlord”); and INDEPENDENT COMMUNITY BANK (“Tenant”).

AGREEMENT AND PLAN OF MERGER among SUN AMERICAN BANCORP SUN AMERICAN BANK and INDEPENDENT COMMUNITY BANK Dated as of November ___, 2006
Agreement and Plan of Merger • November 24th, 2006 • Sun American Bancorp • State commercial banks • Florida

AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of November __, 2006, among Sun American Bancorp, a Delaware business corporation (“SAB”), Sun American Bank, a Florida commercial banking association and a wholly-owned subsidiary of SAB (“SB”) and Independent Community Bank, a Florida commercial banking association (“IB”).

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • September 22nd, 2006 • Sun American Bancorp • State commercial banks

This Amendment to the Employment Agreement (the Amendment”), by and between Mr. Hugo Castro, a resident of the State of Florida (the “Executive”), and Sun American Bancorp, a Delaware corporation and Sun American Bank, a Florida corporation (collectively, the “Company”) is effective as of September 20, 2006.

SECOND AMENDMENT TO ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • February 23rd, 2004 • Panamerican Bancorp • State commercial banks • Florida

THIS SECOND AMENDMENT TO ASSET PURCHASE AGREEMENT (this “Amendment”) is entered into as of this 17th day February, 2004, by and between GULF BANK, a bank organized and existing under the laws of the State of Florida (“Seller”), and PANAMERICAN BANK, a bank organized and existing under the laws of the State of Florida (“Purchaser”).

STOCK OPTION AGREEMENT
Stock Option Agreement • December 19th, 2006 • Sun American Bancorp • State commercial banks • Florida

This Stock Option Agreement (the “Stock Option Agreement”) is made and entered into as of the ____ day of ____, ____, by and between Independent Community Bank, a Florida corporation (the “Corporation”), and _______________ (“Director”), an individual.

ASSET ACQUISITION AND ASSUMPTION AGREEMENT among SUN AMERICAN BANCORP SUN AMERICAN BANK and BEACH BANK Dated as of May 17, 2006
Asset Acquisition and Assumption Agreement • May 23rd, 2006 • Sun American Bancorp • State commercial banks • Florida

ASSET ACQUISITION AND ASSUMPTION AGREEMENT (this “Agreement”), dated as of May 17, 2006, among Sun American Bancorp, a Delaware business corporation (“SAB”), Sun American Bank, a Florida commercial banking association and a wholly-owned subsidiary of SAB (“SB”) and Beach Bank, a Florida commercial banking association (“BB”).

INDEPENDENT COMMUNITY BANK INCENTIVE STOCK OPTION GRANT
Incentive Stock Option Grant • December 19th, 2006 • Sun American Bancorp • State commercial banks

This Incentive Stock Option Grant, dated ________ __, ____, is made by INDEPENDENT COMMUNITY BANK, a Florida commercial banking corporation maintaining current administrative offices at 250 Tequesta Drive, Suite 101,Tequesta, FL 33469 (the “Bank”), to and in favor of ___________________, an employee of the Bank maintaining a current residential address at ______________________, __________, _______ _____ (the “Employee”):

ESCROW AGREEMENT
Escrow Agreement • January 8th, 2007 • Sun American Bancorp • State commercial banks • Florida

This Escrow Agreement (“Escrow Agreement”) is made and entered into as of this 29th day of December, 2006, by and among Sun American Bancorp., a Delaware corporation (“SAB”), Sun American Bank, a Florida commercial banking association (“SB”), Beach Bank, a Florida chartered commercial bank (“BB”), Michael Kosnitzky, in his capacity as the Shareholder Representative for BB and the shareholders of BB (the “Shareholder Representative”) and as Trustee pursuant to that certain Liquidating Trust Agreement dated as of November 17, 2006 with BB (“Liquidating Trust”), and Northern Trust, NA, a national association and its successors in interest and assigns (the “Escrow Agent”).

EMPLOYMENT AGREEMENT
Employment Agreement • May 27th, 2008 • Sun American Bancorp • State commercial banks • Florida

Employment Agreement, dated as of _____________, 2008 (this "Agreement"), by and between ______________________________, a resident of the State of Florida (the "Executive"), and Sun American Bank, a Florida corporation (the "Bank").

FIRST AMENDMENT TO ASSET ACQUISITION ASSUMPTION AGREEMENT
Assumption Agreement • November 29th, 2006 • Sun American Bancorp • State commercial banks

THIS FIRST AMENDMENT TO ASSET ACQUISITION AND ASSUMPTION AGREEMENT dated May 17, 2006 (this “Amendment”) is made and entered into as of November 17, 2006 by and among Sun American Bancorp, a Delaware business corporation (“SAB”), Sun American Bank, a Florida commercial banking association and a wholly-owned subsidiary of SAB (“SB”) (collectively, SAB and SB are referred to as the “SAB”) and Beach Bank, a Florida commercial banking association (“BB”).

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