AMENDMENT NO. 1 TO STOCK PURCHASE AGREEMENT AND REGISTRATION RIGHTS AGREEMENT BY AND AMONG PALMETTO BANCSHARES, INC., CAPGEN CAPITAL GROUP V LP AND EACH OF THE OTHER INVESTORS NAMED THEREIN EACH DATED AS OF MAY 25, 2010Stock Purchase Agreement • June 11th, 2010 • Palmetto Bancshares Inc • State commercial banks • New York
This Amendment No. 1 (the “Amendment”), dated as of June 8, 2010, is to the Stock Purchase Agreement, dated as of May 25, 2010 (the “Stock Purchase Agreement”) by and among PALMETTO BANCSHARES, INC., a South Carolina corporation (the “Company”), and CAPGEN CAPITAL GROUP V LP, a Delaware limited partnership (“CapGen”), and each of the respective other investors set forth on the signature pages to this Agreement (collectively, with CapGen, the “Investors”) is dated as of June 3, 2010. This Amendment also amends the Registration Rights Agreement (the “Registration Rights Agreement”) between the Company and the Investors that is an exhibit to the Stock Purchase Agreement.
