FIRST NATIONAL BANCSHARES, INC. AMENDMENT TO THE STOCK WARRANT AGREEMENT August 15, 2005The Stock Warrant Agreement • August 22nd, 2005 • First National Bancshares Inc /Sc/ • National commercial banks
WHEREAS, on February 10, 2000, First National Bancshares, Inc. (the “Company”), a South Carolina corporation and the holding company for First National Bank of the South (the “Bank”), issued to the person identified below Warrants (the “Warrants”) to purchase the number of shares set forth below, representing two shares of common stock for every three shares of common stock purchased by the Warrant Holder in the Company’s initial public offering, in consideration of the financial risk associated with Warrant Holder’s investment in the Company during its organizational stage and the time, expertise and continuing involvement of the Warrant Holder in the management of the Bank.
