TRANSACTION AGREEMENTTransaction Agreement • December 5th, 2008 • Protective Life Corp • Life insurance • Delaware
THIS TRANSACTION AGREEMENT (this “Agreement”) is made and entered into as of December 1, 2008, by and among PROTECTIVE LIFE CORPORATION (“Protective”), a corporation organized and existing under the Laws of the State of Delaware, with its principal office located in Birmingham, Alabama; BONIFAY HOLDING COMPANY, INC. (“BHC”), a corporation organized and existing under the Laws of the State of Florida, with its principal office located in Bonifay, Florida; THE BANK OF BONIFAY (“Bank”), a Florida banking corporation with its principal office located in Bonifay, Florida; and MICHAEL A. MEDLEY, an individual resident of the State of Florida, as representative of the stockholders of BHC (the “Stockholders Representative”).
