PALMETTO BANCSHARES, INC. SUBSCRIPTION AGREEMENTSubscription Agreement • October 8th, 2010 • Palmetto Bancshares Inc • State commercial banks
You have informed me that Palmetto Bancshares, Inc., a South Carolina corporation (the “Company”), is offering up to 3,846,153 shares of its common stock at a price of $2.60 per share to existing shareholders as of the close of business on October 6, 2010, as provided herein and as described in and offered pursuant to the prospectus dated [•], 2010 (the “Prospectus”) and furnished with this Subscription Agreement (this “Agreement”).
