FIRST AMENDMENT TO THE AGREEMENT AND PLAN OF MERGERThe Agreement and Plan of Merger • May 7th, 2014 • Oconee Federal Financial Corp. • Savings institution, federally chartered
Contract Type FiledMay 7th, 2014 Company IndustryTHIS AMENDMENT TO THE AGREEMENT AND PLAN OF MERGER, dated as of May 6, 2014 (the “First Amendment”), is by and among (i) Oconee Federal, MHC, a federally chartered mutual holding company (“Oconee MHC”), Oconee Federal Financial Corp., a federally chartered subsidiary savings and loan holding company corporation (“OFED”), and Oconee Federal Savings and Loan Association, a federally chartered stock savings association (“Oconee Federal”), and (ii) Stephens Federal Bank, a federally chartered mutual savings association (“Stephens Federal”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement (as defined below).