Term
Section No.
Company Shareholders Meeting
3.4(b)
Company Specified Representations
6.3(i)
Company Subsidiary / Company Subsidiaries
2.2(b)(i)
Competing Transaction
3.2(a)
Confidentiality Agreement
3.3(c)
Continuing Director
6.3(j)
Core Deposits
6.3(k)
Demand Notice
3.12(a)(ii)(A)
Demand Registration Statement
3.12(a)(ii)(A)
Derivative Investments
6.3(l)
Designated Investor Directors
3.5(a)
Disclosure Schedule
6.3(m)
ERISA
2.2(x)(i)
Effective Date
3.12(k)(i)
Effectiveness Deadline
3.12(k)(ii)
Environmental Laws
6.3(n)
Exchange Act
2.2(e)
Executive Officer
6.3(o)
Existing D&O Policies
1.2(d)(ii)(S)
FDI Act
2.2(b)(ii)
FDIC
2.2(b)(ii)
Federal Reserve
2.2(b)(ii)
First Closing
1.2(a)
First Closing Date
1.2(a)
First Purchase Price
1.1(a)
GAAP
6.3(p)
Governmental Consent
6.3(q)
Governmental Entity
6.3(r)
Holder
3.12(k)(ii)
Holders' Counsel
3.12(k)(iii)
Indemnified Party
5.3(a)
Indemnifying Party
5.3(a)
Indemnitee
3.12(g)(i)
Initiating Holders
3.12(k)(iv)
Insurer
6.3(s)
Intellectual Property Rights
2.2(w)
Interim Financials
2.2(h)
Investment
Recital A
Investment-Based Shareholder Proposals
3.4(b)
Investor
Preamble
Investor Indemnified Parties
5.1(a)
Investor Indemnitee /
3.5(e)
ii
Defined Term
Section No.
Investor Indemnitors
Investor Warrant
Recital A
IT Assets
2.2(w)
Knowledge
6.3(t)
Law
2.2(r)
Legacy Shareholder
3.14(a)
Liens
2.2(d)(ii)
Loan Investor
6.3(u)
Loans
2.2(n)(i)
Losses
6.3(v)
Material Adverse Effect
2.1(a)
Material Contracts
2.2(t)
NASDAQ
1.2(d)(ii)(W)
New D&O Policies
1.2(d)(ii)(S)
New Security
3.8(a)
Nominating Committee
3.5(b)
Non-Qualifying Transaction
6.3(g)(ii)
Nonperforming Assets
6.3(w)
Nonperforming Loans
6.3(x)
Notice of Superior Competing Transaction
3.2(f)(iv)
OFAC
2.2(o)
OTS
1.2(d)(i)(B)
Oversubscription Privilege
3.14(b)
PBGC
2.2(x)(vi)
Parent Corporation
6.3(g)(ii)
Pending Underwritten Offering
3.12(l)
Permitted Transferee
3.5(a)
Permitted Transferee Voting Agreement
3.5(a)
Person
6.3(y)
Piggyback Registration
3.12(a)(iv)
Previously Disclosed
2.1(b)
Proxy Statement
6.3(z)
Purchase Price
1.1(b)
Qualifying Ownership Interest
3.5(a)
Real Estate Owned
3.1(a)(v)
Record Date
3.14(a)
Register/Registered/Registration
3.12(k)(v)
Registrable Securities
3.12(k)(vi)
Registration Expenses
3.12(k)(vii)
Regulatory Agreement
2.2(s)
Representative
3.2(a)
Reverse Stock Split
3.4(b)
Rights
3.14(a)
iii
Defined Term
Section No.
Rights Offering
3.14(a)
Rights Purchase Price
3.14(a)
Rule 144
6.3(aa)
Rule 158 / Rule 159A / Rule 405 / Rule 415
3.12(k)(viii)
SEC
2.1(b)
SEC Guidance
3.12(k)(ix)
Second Closing
1.2(b)
Second Closing Date
1.2(b)
Second Purchase Price
1.1(b)
Selling Expenses
3.12(k)(x)
Shareholder Proposals
3.4(b)
Shelf Registration Statement
3.12(a)(iii)
Special Registration
3.12(i)
Stock Plans
2.2(c)
Subsidiary
6.3(bb)
Superior Competing Transaction
3.2(b)
Surviving Corporation
6.3(g)(ii)
Suspension Period
3.12(d)
TARP Preferred Stock
Recital B
TARP Purchase
Recital B
TARP Warrant
Recital B
Tangible Capital
6.3(cc)
Tax or Taxes
6.3(dd)
Tax Return
6.3(ee)
Termination Amount
4.2(b)
Third Party
3.2(a)
Third Party Claim
5.3(a)
Transaction Documents
6.3(ff)
Treasury
Recital B
Treasury Letter
Recital B
USA PATRIOT Act
2.2(o)
Voting Debt
2.2(c)
iv
INVESTMENT AGREEMENT
THIS INVESTMENT AGREEMENT, dated as of January 27, 2011 (this "Agreement"), is
made by and among First Federal Bancshares of Arkansas, Inc., a Texas
corporation (the "Company"), First Federal Bank, a federally chartered stock
savings and loan association and wholly-owned subsidiary of the Company (the
"Bank"), and Bear State Financial Holdings, LLC, an Arkansas limited liability
company (the "Investor").
Except as otherwise specifically provided in this
Agreement, all share amounts in this Agreement reflect the completion of the
Reverse Stock Split described in Section 3.4(b) of this Agreement.
RECITALS
A.
The Investment. The Company intends to
issue and sell to the Investor, and the Investor