AGREEMENT REGARDING SALE AND PURCHASE OF STOCKStock Purchase Agreement • February 17th, 2004 • Tri City Bankshares Corp • State commercial banks
Seller owns common stock (Stock) of Tri City Bankshares Corporation (Corporation). Seller may wish to sell all or a portion of the Stock in the future. Buyer is the Chairman and the largest shareholder of the Corporation. Buyer is concerned that the Stock, which represents the second largest shareholding of the Corporation, could be acquired by an unfriendly holder which could be disruptive to the operations of the Corporation. Therefore, in consideration of $1.00 and in consideration of the agreements herein, the parties agree as follows:
