AMENDMENT TO INVESTMENT AGREEMENTInvestment Agreement • August 10th, 2009 • Pab Bankshares Inc • State commercial banks
THIS AMENDMENT (this “Amendment”), dated as of June 23, 2009, by and between PAB Bankshares, Inc., a Georgia corporation (the “Company”), and the undersigned purchaser (the “Purchaser”) amends that certain Investment Agreement between the Purchaser and the Company originally effective as of March 5, 2009 (the “Investment Agreement”) whereby the Purchaser agreed to purchase from the Company and the Company agreed to sell and issue to the Purchaser shares of the Company’s Contingent Convertible Perpetual Non-Cumulative Series A Preferred Stock, no par value (the “Series A Preferred Stock”). All capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Investment Agreement.
