FIRST AMENDMENT TO SHAREHOLDER AGREEMENTShareholder Agreement • August 12th, 2009 • 1st Pacific Bancorp • State commercial banks
This First Amendment to Shareholder Agreement (“Amendment”) is dated as of July 16, 2009, by and between 1st Pacific Bancorp, a California corporation (“1st Pacific Bancorp”) and 1st Pacific Bank of California, a California state-chartered bank and the wholly-owned subsidiary of 1st Pacific Bancorp (“1st Pacific Bank,” and together with 1st Pacific Bancorp, “1st Pacific”) on the one hand, and Ernest Auerbach, an individual (“Ernest”), and Lisa D. Auerbach, an individual (“Lisa”), on the other hand, with reference to the following facts:
