Asset Acquisition and Assumption Agreement Sample Contracts

ASSET ACQUISITION AND ASSUMPTION AGREEMENT among SUN AMERICAN BANCORP SUN AMERICAN BANK and BEACH BANK Dated as of May 17, 2006
Asset Acquisition and Assumption Agreement • May 23rd, 2006 • Sun American Bancorp • State commercial banks • Florida

ASSET ACQUISITION AND ASSUMPTION AGREEMENT (this “Agreement”), dated as of May 17, 2006, among Sun American Bancorp, a Delaware business corporation (“SAB”), Sun American Bank, a Florida commercial banking association and a wholly-owned subsidiary of SAB (“SB”) and Beach Bank, a Florida commercial banking association (“BB”).

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FIRST AMENDMENT TO ASSET ACQUISITION ASSUMPTION AGREEMENT
Asset Acquisition and Assumption Agreement • November 29th, 2006 • Sun American Bancorp • State commercial banks

THIS FIRST AMENDMENT TO ASSET ACQUISITION AND ASSUMPTION AGREEMENT dated May 17, 2006 (this “Amendment”) is made and entered into as of November 17, 2006 by and among Sun American Bancorp, a Delaware business corporation (“SAB”), Sun American Bank, a Florida commercial banking association and a wholly-owned subsidiary of SAB (“SB”) (collectively, SAB and SB are referred to as the “SAB”) and Beach Bank, a Florida commercial banking association (“BB”).

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Asset Acquisition and Assumption Agreement • December 5th, 2006 • Sun American Bancorp • State commercial banks
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