AMENDMENT NO. 2 TO STOCK PURCHASE AGREEMENT BY AND AMONG PALMETTO BANCSHARES, INC., CAPGEN CAPITAL GROUP V LP AND EACH OF THE OTHER INVESTORS NAMED THEREIN, DATED AS OF MAY 25, 2010, AS AMENDED AS OF JUNE 8, 2010Stock Purchase Agreement • September 24th, 2010 • Palmetto Bancshares Inc • State commercial banks
This Amendment No. 2 (the “Amendment”), dated as of September 22, 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”), as Amended by Amendment No. 1 (“Amendment No. 1”) to the Stock Purchase Agreement, dated as of June 8, 2010, by and among the Company, CapGen and each of the respective other investors set forth on the signature pages to Amendment No. 1 (collectively, with CapGen, the “Investors”).
