INVESTMENT AGREEMENT dated as of ________ ___, 2009 between PAB BANKSHARES, INC. andInvestment Agreement • September 15th, 2009 • Pab Bankshares Inc • State commercial banks • Georgia
Page ARTICLE I PURCHASE; CLOSING 1.1 Purchase 1 1.2 Series B Closing 2 ARTICLE II REPRESENTATIONS AND WARRANTIES 2.1 Disclosure 3 2.2 Representations and Warranties of the Company 4 2.3 Representations and Warranties of Purchaser 9 ARTICLE III COVENANTS 3.1 Filings; Other Actions 13 3.2 Confidentiality 14 3.3 Conduct of the Business 14 ARTICLE IV ADDITIONAL AGREEMENTS 4.1 Legend 14 4.2 Reservation for Issuance 15 4.3 Certain Transactions 15 4.4 Exchange Listing 15 4.5 Articles of Amendment 15 4.6 Conversion of Series B Preferred Stock 15 ARTICLE V TERMINATION 5.1 Termination 15 5.2 Effects of Termination 16
