Document:

exv4w5

Exhibit 4.5

FORM OF SHARE PURCHASE AGREEMENT

     SHARE PURCHASE AGREEMENT (the “Agreement”), dated as of [                    ], 2011,
by and between Diana Containerships Inc., a Marshall Islands Corporation (the “Company”), and Diana
Shipping Inc., a Marshall Islands Corporation, (the “Buyer”).

     WHEREAS, the Company is currently conducting a public offering of the Company’s common shares,
par value $0.01 (the “Shares”), not including any over-allotment that may be exercised by the
underwriters, under the Securities Act of 1933, as amended (the “Offering”); and

     WHEREAS, the Buyer owns approximately 11% of the Company’s issued and outstanding common
shares prior to the Offering; and

     WHEREAS, the Company has agreed to issue to the Buyer, and the Buyer has agreed to purchase,
$20.0 million United States dollars of the Company’s common shares at the same price per share as
is being offered to the public in the Offering, before underwriting discounts and commissions (the
“Purchased Shares”); and

     WHEREAS, the Purchased Shares shall be issued and purchased simultaneously with the closing of
the Offering (the “Closing”).

     NOW, THEREFORE, in consideration of the mutual covenants herein contained, and for such other
good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto
hereby agree as follows:

ARTICLE I

PURCHASE AND SALE OF SHARES

     Upon the terms and subject to the conditions of this Agreement:

     1.1 Issuance and Purchase of Shares. The Company shall issue, set over and deliver
to the Buyer, free and clear of all liens and outstanding charges of whatever nature (“Liens”), and
the Buyer shall purchase from the Company, the Purchased Shares on the Closing Date.

     1.2 Purchase Consideration. In consideration for the Purchased Shares, the Buyer
shall pay in immediately available funds for the Purchased Shares as follows:

          (a) $20.0 million at the Closing.

ARTICLE II

REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF THE COMPANY

     The Company hereby represents and warrants to, and agrees with the Buyer, as of the date
hereof and the Closing, as follows:

     2.1 Capacity; Authority; Validity. The Company has all capacity, power and
authority to enter into this Agreement and to perform all the obligations to be performed by the
Company hereunder; this Agreement and the consummation by the Company of the transactions
contemplated hereby and thereby have been duly and validly authorized by all necessary action of
the Company; this Agreement has been duly executed and delivered by the Company; and assuming the
due execution and delivery of this Agreement by the Buyer, this Agreement constitutes the legal,
valid and binding obligation of the Company enforceable against the Company in accordance with
their respective terms.

     2.2 Validity of Shares. Upon delivery of the Purchased Shares by the Company in
accordance with the terms of this Agreement, the Purchased Shares shall be duly issued, fully paid
and non-assessable, free and clear of all Liens.

 

 

     2.3 No Violation of Law or Agreement. Neither the execution and delivery of this
Agreement by the Company, nor the consummation of the transactions contemplated hereby by the
Company, will violate any judgment, order, writ, decree, law, rule, regulation or agreement
applicable to the Company.

ARTICLE III

REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF BUYER

     The Buyer hereby represents and warrants to, and agrees with the Company, as of the date
hereof and the Closing as follows:

     3.1 Capacity; Authority; Validity. The Buyer has all necessary capacity, power and
authority to enter into this Agreement and to perform all the obligations to be performed by the
Buyer hereunder; this Agreement and the consummation by the Buyer of the transactions contemplated
hereby have been duly and validly authorized by all necessary action of the Buyer; this Agreement
has been duly executed and delivered by the Buyer; and assuming the due execution and delivery of
this Agreement by the Company, this Agreement constitutes the legal, valid and binding obligation
of the Buyer enforceable against the Buyer in accordance with its terms.

     3.2 No Violation of Law or Agreement. Neither the execution and delivery of this
Agreement by the Buyer, nor the consummation of the transactions contemplated hereby by the Buyer,
will violate any judgment, order, writ, decree, law, rule, regulation or agreement applicable to
the Buyer or create any Lien over the Buyer’s assets.

     3.3 No Registration. The Buyer understands that the Purchased Shares have not been
registered under the Securities Act, are being sold in a transaction that is exempt from the
registration requirements of the Securities Act and that the Purchased Shares may not be re-offered
or resold except as permitted in the following sentence. The Buyer agrees that it will resell the
Purchased Shares only (A) to the Company, its successors or assigns, (B) outside the United States
in accordance with Rule 904 of Regulation S under the Securities Act, (C) pursuant to an exemption
from registration provided by Rule 144 under the Securities Act or another available exception from
registration, or (D) pursuant to an effective registration statement under the Securities Act, and
the Buyer further agrees to provide to any person purchasing any of the Purchased Shares from it a
notice advising such purchaser that resales of the Purchased Shares are restricted as stated
herein. The Buyer understands that any certificates for the Purchased Shares shall carry a
restrictive legend to such effect.

     3.4 Resale. The Buyer understands that, on any proposed resale of the Purchased
Shares, it will be required to furnish the Company such certification, legal opinions and other
information as the Company may reasonably require to confirm that the proposed sale complies with
the foregoing restrictions.

ARTICLE IV

MISCELLANEOUS

     4.1 Notices. All notices and other communications by the Buyer or the Company
hereunder shall be in writing to the other party and shall be deemed to have been duly given when
delivered in person or by an overnight courier service, or sent via telecopy transmission and
verification received, or when posted by postal service, registered or certified mail, return
receipt requested with postage prepaid, at the address set forth on the signature page hereto or to
such other addresses as a party may from time to time designate to the other party by written
notice thereof, effective only upon actual receipt.

     4.2 Assignment. This Agreement shall not be assigned by either party without the
other’s prior written consent.

     4.3 Entire Agreement. This Agreement constitutes the entire agreement by the
parties hereto and supersedes any other agreement, whether written or oral, that may have been made
or entered into between them relating to the matters contemplated hereby.

     4.4 Amendments and Waivers. This Agreement may be amended, modified, superseded, or
canceled, and any of the terms, representations, warranties or covenants hereof may be waived, only
by written instrument executed by both of the parties hereto or, in the case of a waiver, by the
party waiving compliance.

 

 

     4.5 Captions; Counterparts, Execution. The captions in this Agreement are for
convenience only and shall not be considered a part of or affect the construction or interpretation
of any provision of this Agreement. This Agreement may be executed in one or more counterparts,
each of which shall be an original, but all of which together shall constitute one and the same
instrument.

     4.6 Governing Law and Submission to Jurisdiction. This Agreement shall be governed
by and construed in accordance with the laws of the State of New York without regard to conflicts
of laws principles. Any legal action or proceeding in connection with this Agreement or the
performance hereof may be brought in the state and federal courts located in the Borough of
Manhattan, City, County and State of New York, and the parties hereby irrevocably submit to the
non-exclusive jurisdiction of such courts for the purpose of any such action or proceeding.

 

 

     IN WITNESS WHEREOF, the Buyer and the Company have caused this Agreement to be duly
executed as of the date first above written.

	 	 	 	 	 	 	 	 	 

	DIANA CONTAINERSHIPS INC.	 	DIANA SHIPPING INC.	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 	 	 
	 

	 	 

Name:
	 	 	 	 

Name:
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Title:
	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Address:
	 	 	 	Address:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Telecopy No.:
	 	 	 	Telecopy No.:	 	 

SK 26949 0001 1196051exv10w1

Exhibit 10.1

SECURITIES PURCHASE AGREEMENT

This Securities Purchase Agreement (this “Agreement”) is dated as of May 26, 2011, by and
among Fidelity Southern Corporation, a Georgia corporation (the “Company”), and each purchaser
identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser”
and collectively, the “Purchasers”).

RECITALS

A. The Company and each Purchaser is executing and delivering this Agreement in reliance upon
the exemption from securities registration afforded by Section 4(2) of the Securities Act of 1933,
as amended (the “Securities Act”), and Rule 506 of Regulation D (“Regulation D”) as promulgated by
the United States Securities and Exchange Commission (the “Commission”) under the Securities Act.

B. Each Purchaser, severally and not jointly, wishes to purchase, and the Company wishes to
sell, upon the terms and conditions stated in this Agreement, that aggregate number of shares of
common stock, no par value per share, of the Company (the “Common Stock”), set forth below such
Purchaser’s name on the signature page of this Agreement (which aggregate amount for all Purchasers
together shall be 2,167,166 shares of Common Stock and shall be collectively referred to herein as
the “Shares”).

C. The Company has engaged FIG Partners, L.L.C. as its exclusive financial advisor in
assisting management of the Company in administering the receipt of commitments for, in one or a
series of transactions, equity from a small number of institutional investors (the “Financial
Advisor”) for the offering of the Shares.

D. Contemporaneously with the execution and delivery of this Agreement, the parties hereto are
executing and delivering a Registration Rights Agreement, substantially in the form attached hereto
as Exhibit A (the “Registration Rights Agreement”), pursuant to which, among other things,
the Company will agree to provide certain registration rights with respect to the Shares under the
Securities Act and the rules and regulations promulgated thereunder and applicable state securities
laws.

 

 

 

NOW, THEREFORE, in consideration of the mutual covenants contained in this Agreement, and for
other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,
the Company and the Purchasers hereby agree as follows:

ARTICLE I

DEFINITIONS

1.1 Definitions. In addition to the terms defined elsewhere in this Agreement, for
all purposes of this Agreement, the following terms shall have the meanings indicated in this
Section 1.1:

“Action” means any Proceeding, inquiry or notice of violation pending or, to the Company’s
Knowledge, threatened in writing against the Company, any Subsidiary or any of their respective
properties or any officer, director or employee of the Company or any Subsidiary acting in his or
her capacity as an officer, director or employee before or by any federal, state, county, local or
foreign court, arbitrator, governmental or administrative agency, regulatory authority, stock
market, stock exchange or trading facility.

“Affiliate” means, with respect to any Person, any other Person that, directly or indirectly
through one or more intermediaries, Controls, is controlled by or is under common control with such
Person, as such terms are used in and construed under Rule 405 under the Securities Act.

“Agreement” shall have the meaning ascribed to such term in the Preamble.

“Bank” means Fidelity Bank, a Georgia-chartered banking corporation and wholly-owned
Subsidiary of the Company.

“Bank Regulatory Authorities” has the meaning set forth in Section 3.1(b)(ii).

“BHC Act” has the meaning set forth in Section 3.1(b)(ii).

“Board” has the meaning set forth in Section 2.2(a)(v).

“Business Day” means a day, other than a Saturday or Sunday, on which banks in the City of New
York and Georgia are open for the general transaction of business.

“CIBC Act” means the Change in Bank Control Act.

“Closing” means the closing of the purchase and sale of the Shares pursuant to this Agreement.

“Closing Date” means the Trading Day when all of the Transaction Documents have been executed
and delivered by the applicable parties thereto, and all of the conditions set forth in Sections
2.1, 2.2, 5.1 and 5.2 hereof are satisfied or waived, as the case may be, or such other date as the
parties may agree.

“Commission” has the meaning set forth in the Recitals.

“Common Stock” has the meaning set forth in the Recitals, and also includes any securities
into which the Common Stock may hereafter be reclassified or changed.

“Company Counsel” means Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C.

“Company Deliverables” has the meaning set forth in Section 2.2(a).

“Company Reports” has the meaning set forth in Section 3.1(mm).

 

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“Company’s Knowledge” means with respect to any statement made to the knowledge of the
Company, that the statement is based upon the actual knowledge of the executive officers of the
Company having responsibility for the matter or matters that are the subject of the statement after
reasonable investigation.

“Control” (including the terms “controlling”, “controlled by” or “under common control with”)
means the possession, direct or indirect, of the power to direct or cause the direction of the
management and policies of a Person, whether through the ownership of voting securities, by
contract or otherwise.

“Department” has the meaning set forth in Section 3.1(b)(ii).

“Disclosure Materials” has the meaning set forth in Section 3.1(h).

“DTC” means The Depository Trust Company.

“Effective Date” means the date on which the initial Registration Statement required by
Section 2(a) of the Registration Rights Agreement is first declared effective by the Commission.

“Environmental Laws” has the meaning set forth in Section 3.1(l).

“ERISA” has the meaning set forth in Section 3.1(rr).

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor
statute, and the rules and regulations promulgated thereunder.

“FDIC” has the meaning set forth in Section 3.1(b)(ii).

“Federal Reserve” has the meaning set forth in Section 3.1(b)(ii).

“GAAP” means U.S. generally accepted accounting principles, as applied by the Company.

“Indemnified Person” has the meaning set forth in Section 4.8(a).

“Intellectual Property” has the meaning set forth in Section 3.1(r).

“Lien” means any lien, charge, claim, encumbrance, security interest, right of first refusal,
preemptive right or other restriction of any kind.

 

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“Material Adverse Effect” means any of (i) a material and adverse effect on the legality,
validity or enforceability of this Agreement or the Registration Rights Agreement, (ii) a material
and adverse effect on the results of operations, assets, properties, business, or condition
(financial or otherwise) of the Company and the Subsidiaries, taken as a whole, or (iii) any
adverse impairment to the Company’s ability to perform in any material respect on a timely basis
its obligations under this Agreement or the Registration Rights Agreement; provided that in
determining whether a Material Adverse Effect has occurred, there shall be excluded any effect to
the extent resulting form the following: (A) changes, after the date hereof, in U.S. GAAP or
regulatory accounting principles generally applicable to banks, savings associations or their
holding companies, (B) changes, after the date hereof, in applicable laws, rules and regulations or
interpretations thereof by any court, administrative agency or other governmental authority,
whether federal, state, local or foreign, or any applicable industry self-regulatory organization,
(C) actions or omissions of the Company expressly required by the terms of this Agreement or taken
with the prior written consent of an affected Purchaser, (D) changes, after the date hereof, in
general economic, monetary or financial conditions, (E) changes in the market price or trading
volumes of the Common Stock (but not the underlying causes of such changes), (F) changes in global
or national political conditions, including the outbreak or escalation of war or acts of terrorism
and (G) the public disclosure of this Agreement or the transactions contemplated hereby; except,
with respect to clauses (A), (B), (D) and (F), to the extent that the effects of such changes have
a disproportionate effect on the Company and the Subsidiaries, taken as a whole, relative to other
similarly situated banks, savings associations or their holding companies generally.

“Material Contract” means any contract of the Company that was, or was required to be, filed
as an exhibit pursuant to Item 601 of Regulation S-K.

“Material Permits” has the meaning set forth in Section 3.1(p).

“Money Laundering Laws” has the meaning set forth in Section 3.1(jj).

“New York Courts” means the state and federal courts sitting in the State of New York.

“OFAC” has the meaning set forth in Section 3.1(ii).

“Outside Date” means the fifteenth (15th) day following the date of this Agreement;
provided that if such day is not a Business Day, the first day following such day that is a
Business Day.

“Person” means an individual, corporation, partnership, limited liability company, trust,
business trust, association, joint stock company, joint venture, sole proprietorship,
unincorporated organization, governmental authority or any other form of entity not specifically
listed herein.

“Financial Advisor” has the meaning set forth in the Recitals.

“Principal Trading Market” means the Trading Market on which the Common Stock is primarily
listed on and quoted for trading, which, as of the date of this Agreement and the Closing Date,
shall be the NASDAQ Global Select Market.

 

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“Proceeding” means an action, claim, suit, investigation or proceeding (including, without
limitation, an investigation or partial proceeding, such as a deposition), whether commenced or
threatened.

“Purchase Price” means $6.65 per Share.

“Purchaser Deliverables” has the meaning set forth in Section 2.2(b).

“Registration Rights Agreement” has the meaning set forth in the Recitals.

“Registration Statement” means a registration statement meeting the requirements set forth in
the Registration Rights Agreement and covering the resale by the Purchasers of the Registrable
Securities (as defined in the Registration Rights Agreement).

“Regulation D” has the meaning set forth in the Recitals.

“Regulatory Agreement” has the meaning set forth in Section 3.1(oo).

“Required Approvals” has the meaning set forth in Section 3.1(e).

“Rule 144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as
such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by
the Commission having substantially the same effect as such Rule.

“SEC Reports” has the meaning set forth in Section 3.1(h).

“Secretary’s Certificate” has the meaning set forth in Section 2.2(a)(v).

“Securities Act” means the Securities Act of 1933, as amended.

“Shares” has the meaning set forth in the Recitals.

“Subscription Amount” means with respect to each Purchaser, the aggregate amount to be paid
for the Shares purchased hereunder as indicated on such Purchaser’s signature page to this
Agreement next to the heading “Aggregate Purchase Price (Subscription Amount)”.

“Subsidiary” means the Bank and any other entity in which the Company, directly or indirectly,
owns sufficient capital stock or holds a sufficient equity or similar interest such that it is
consolidated with the Company in the financial statements of the Company.

 

5

 

“Trading Day” means, as applicable, (x) with respect to all price determinations relating to
the Common Stock, any day on which the Common Stock is traded on the Principal Market, or, if the
Principal Market is not the principal trading market for the Common Stock, then on the principal
securities exchange or securities market on which the Common Stock is then traded, provided that
“Trading Day” shall not include any day on which the Common Stock is scheduled
to trade on such exchange or market for less than 4.5 hours or any day that the Common Stock
is suspended from trading during the final hour of trading on such exchange or market (or if such
exchange or market does not designate in advance the closing time of trading on such exchange or
market, then during the hour ending at 4:00:00 p.m., New York time) unless such day is otherwise
designated as a Trading Day in writing by the applicable Purchaser or (y) with respect to all
determinations other than price determinations relating to the Common Stock, any day on which the
New York Stock Exchange (or any successor thereto) is open for trading of securities.

“Trading Market” means whichever of the New York Stock Exchange, the NYSE Amex, the NASDAQ
Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market or OTC Bulletin Board on
which the Common Stock is listed or quoted for trading on the date in question.

“Transaction Documents” means this Agreement, the schedules and exhibits attached hereto, the
Registration Rights Agreement, and any other documents or agreements executed or delivered in
connection with the transactions contemplated hereunder.

“Transfer Agent” means BNY Mellon Shareowner Services, or any successor transfer agent for the
Company.

ARTICLE II

PURCHASE AND SALE

2.1 Closing.

(a) Purchase of Shares. Subject to the terms and conditions set forth in this
Agreement, at the Closing the Company shall issue and sell to each Purchaser, and each Purchaser
shall, severally and not jointly, purchase from the Company, the number of Shares set forth below
such Purchaser’s name on the signature page of this Agreement at a per Share price equal to the
Purchase Price.

(b) Closing. The Closing of the purchase and sale of the Shares shall take place at
the offices of Company Counsel, on the Closing Date or at such other locations or remotely by
facsimile transmission or other electronic means as the parties may mutually agree.

(c) Form of Payment. Unless otherwise agreed to by the Company and a Purchaser (as to
itself only), on the Closing Date, (1) the Company shall deliver to each Purchaser one or more
stock certificates, evidencing the number of Shares set forth on such Purchaser’s signature page to
this Agreement and (2) upon receipt thereof, each Purchaser shall wire its Subscription Amount, in
United States dollars and in immediately available funds, in accordance with the Company’s written
wire transfer instructions.

 

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2.2 Closing Deliveries.

(a) On or prior to the Closing, the Company shall issue, deliver or cause to be delivered to
each Purchaser the following (the “Company Deliverables”):

(i) this Agreement, duly executed by the Company;

(ii) one or more stock certificates, evidencing the Shares subscribed for by Purchaser
hereunder, registered in the name of such Purchaser or as otherwise set forth on such
Purchaser’s Stock Certificate Questionnaire included as Exhibit B-2 hereto (the
“Stock Certificates”);

(iii) a legal opinion of Company Counsel, dated as of the Closing Date and in the form
attached hereto as Exhibit C, executed by such counsel and addressed to the
Purchasers;

(iv) the Registration Rights Agreement, duly executed by the Company;

(v) a certificate of the Secretary of the Company, in the form attached hereto as
Exhibit D (the “Secretary’s Certificate”), dated as of the Closing Date, (a)
certifying the resolutions adopted by the Board of Directors of the Company (the “Board”) or
a duly authorized committee thereof approving the transactions contemplated by this
Agreement and the other Transaction Documents and the issuance of the Shares, (b) certifying
the current versions of the articles of incorporation, as amended, and bylaws, as amended,
of the Company and (c) certifying as to the signatures and authority of persons signing the
Transaction Documents and related documents on behalf of the Company;

(vi) a certificate of the Chief Executive Officer, President or Chief Financial Officer
of the Company, in the form attached hereto as Exhibit E, dated as of the Closing
Date, certifying to the fulfillment of the conditions specified in Sections 5.1(a) and
5.1(b); and

(vii) a Certificate of Good Standing for the Company from the Georgia Secretary of
State as of a recent date.

(b) On or prior to the Closing, each Purchaser shall deliver or cause to be delivered to the
Company the following (the “Purchaser Deliverables”):

(i) this Agreement, duly executed by such Purchaser;

 

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(ii) its Subscription Amount, in U.S. dollars and in immediately available funds, in
the amount indicated below such Purchaser’s name on the applicable
signature page hereto under the heading “Aggregate Purchase Price (Subscription
Amount)” by wire transfer in accordance with the Company’s written instructions;

(iii) the Registration Rights Agreement, duly executed by such Purchaser; and

(iv) a fully completed and duly executed Accredited Investor Questionnaire and Stock
Certificate Questionnaire in the forms attached hereto as Exhibits B-1 and
B-2, respectively.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

3.1 Representations and Warranties of the Company. The Company hereby represents and
warrants as of the date hereof and as of the Closing Date (except for the representations and
warranties that speak as of a specific date, which shall be made as of such date), to each of the
Purchasers that:

(a) Subsidiaries. The Company has no direct or indirect Subsidiaries other than those
listed in Schedule 3.1(a) hereto. The Company owns, directly or indirectly, all of the
capital stock or comparable equity interests of each Subsidiary free and clear of any and all
Liens, and all the issued and outstanding shares of capital stock or comparable equity interest of
each Subsidiary are validly issued and are fully paid, non-assessable and free of preemptive and
similar rights to subscribe for or purchase securities.

(b) Organization and Qualification; Bank Regulations.

(i) The Company and each of its Subsidiaries is an entity duly incorporated or
otherwise organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation or organization (as applicable), with the requisite power
and authority to own or lease and use its properties and assets and to carry on its business
as currently conducted. Neither the Company nor any Subsidiary is in violation of any of the
provisions of its respective certificate or articles of incorporation, bylaws or other
organizational or charter documents. The Company and each of its Subsidiaries is duly
qualified to conduct business and is in good standing as a foreign corporation or other
entity in each jurisdiction in which the nature of the business conducted or property owned
by it makes such qualification necessary, except where the failure to be so qualified or in
good standing, as the case may be, would not be expected to have a Material Adverse Effect.

 

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(ii) The Company is duly registered as a bank holding company under the Bank Holding
Company Act of 1956, as amended (the “BHC Act”). The Bank is the Company’s only Subsidiary
banking institution. The Bank holds the requisite authority from the Georgia Department of
Banking and Finance (the “Department”) to do business as a state-chartered banking
corporation under the laws of the State of Georgia.
Each of the Company and the Bank is in compliance with all laws administered by the
Board of Governors of the Federal Reserve System (the “Federal Reserve”), the Federal
Deposit Insurance Corporation (the “FDIC”), the Department and any other federal or state
bank regulatory authorities (together with the Department, the Federal Reserve and the FDIC,
the “Bank Regulatory Authorities”) with jurisdiction over the Company and its Subsidiaries,
except for any noncompliance that, individually or in the aggregate, has not had and would
not be reasonably expected to have a Material Adverse Effect. The deposit accounts of the
Bank are insured up to applicable limits by the FDIC, and all premiums and assessments
required to be paid in connection therewith have been paid when due.

(c) Authorization; Enforcement; Validity. The Company has the requisite corporate
power and authority to enter into and to consummate the transactions contemplated by each of the
Transaction Documents to which it is a party and otherwise to carry out its obligations hereunder
and thereunder, including, without limitation, to issue the Shares in accordance with the terms
hereof. The Company’s execution and delivery of each of the Transaction Documents and the
consummation by it of the transactions contemplated hereby and thereby (including, but not limited
to, the sale and delivery of the Shares) have been duly authorized by all necessary corporate
action on the part of the Company, and no further corporate action is required by the Company, its
Board or its shareholders in connection therewith. Each of the Transaction Documents has been (or
upon delivery will have been) duly executed by the Company and is, or when delivered in accordance
with the terms hereof or thereof, will constitute the legal, valid and binding obligation of the
Company enforceable against the Company in accordance with its terms, except (i) as such
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
liquidation or similar laws relating to, or affecting generally the enforcement of, creditors’
rights and remedies or by other equitable principles of general application, (ii) as limited by
laws relating to the availability of specific performance, injunctive relief or other equitable
remedies and (iii) insofar as indemnification and contribution provisions may be limited by
applicable law. Except for Material Contracts filed as exhibits to the Company’s SEC Reports, there
are no shareholder agreements, voting agreements, voting trust agreements or similar agreements
with respect to the Company’s capital stock to which the Company is a party or, to the Company’s
Knowledge, between or among any of the Company’s shareholders.

(d) No Conflicts. The execution, delivery and performance by the Company of the
Transaction Documents and the consummation by the Company of the transactions contemplated hereby
or thereby (including, without limitation, the issuance of the Shares) do not and will not (i)
conflict with or violate any provisions of the Company’s or any Subsidiary’s certificate or
articles of incorporation, bylaws or otherwise result in a violation of the organizational
documents of the Company or any Subsidiary, (ii) conflict with, or constitute a default (or an
event that with notice or lapse of time or both would result in a default) under, result in the
creation of any Lien upon any of the properties or assets of the Company or any Subsidiary or give
to others any rights of termination, amendment, acceleration or cancellation (with or without
notice, lapse of time or both) of, any Material Contract, or (iii) subject to receipt
of the Required Approvals, conflict with or result in a violation of any law, rule,
regulation, order, judgment, injunction, decree or other restriction of any court or governmental
authority to which the Company is subject (including federal and state securities laws and the
rules and regulations thereunder, assuming the correctness of the representations and warranties
made by the Purchasers herein, of any self-regulatory organization to which the Company or its
securities are subject, including the Principal Trading Market), or by which any property or asset
of the Company is bound or affected, except in the case of clauses (ii) and (iii) such as would not
have or reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect.

 

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(e) Filings, Consents and Approvals. Neither the Company nor any of its Subsidiaries
is required to obtain any consent, waiver, authorization or order of, give any notice to, or make
any filing or registration with, any court or other federal, state, local or other governmental
authority, self-regulatory organization (including the Principal Trading Market) or other Person in
connection with the execution, delivery and performance by the Company of the Transaction Documents
(including, without limitation, the issuance of the Shares), other than (i) the filing with the
Commission of one or more Registration Statements in accordance with the requirements of the
Registration Rights Agreement, (ii) filings required by applicable state securities laws, (iii) the
filing of a Notice of Exempt Offering of Securities on Form D with the Commission under Regulation
D of the Securities Act, (iv) the filings required in accordance with Section 4.6 of this
Agreement, (v) the notices to be filed in accordance with Section 4.9; and (v) those that have been
made or obtained prior to the date of this Agreement (collectively, the “Required Approvals”). The
Company is unaware of any facts or circumstances relating to the Company or its Subsidiaries which
would be likely to prevent the Company from obtaining or effecting any of the foregoing.

(f) Issuance of the Shares. The issuance of the Shares has been duly authorized and
the Shares, when issued and paid for in accordance with the terms of the Transaction Documents,
will be duly and validly issued, fully paid and non-assessable and free and clear of all Liens,
other than restrictions on transfer imposed by applicable securities laws, and shall not be subject
to preemptive or similar rights. Assuming the accuracy of the representations and warranties of
the Purchasers in this Agreement, the Shares will be issued in compliance with all applicable
federal and state securities laws.

 

10

 

(g) Capitalization. The number of shares and type of all authorized, issued and
outstanding capital stock, options and other securities of the Company (whether or not presently
convertible into or exercisable or exchangeable for shares of capital stock of the Company) is set
forth in Schedule 3.1(g) hereto. All of the outstanding shares of capital stock of the
Company are duly authorized, validly issued, fully paid and non-assessable, have been issued in
compliance in all material respects with all applicable federal and state securities laws, and none
of such outstanding shares was issued in violation of any preemptive rights or similar rights to
subscribe for or purchase any capital stock of the Company. No shares of the Company’s outstanding
capital stock are subject to preemptive rights or any other similar rights; there are no
outstanding options, warrants, scrip, rights to subscribe to, calls or commitments of any character
whatsoever relating to, or securities or rights convertible into, or exercisable or exchangeable
for,
any shares of capital stock of the Company, or contracts, commitments, understandings or
arrangements by which the Company is or may become bound to issue additional shares of capital
stock of the Company or options, warrants, scrip, rights to subscribe to, calls or commitments of
any character whatsoever relating to, or securities or rights convertible into, or exercisable or
exchangeable for, any shares of capital stock of the Company, other than those issued or granted
pursuant to Material Contracts, compensatory plans, contracts, or arrangements described in the SEC
Reports; except as set forth in Schedule 3.1(g), there are no material outstanding debt
securities, notes, credit agreements, credit facilities or other agreements, documents or
instruments evidencing indebtedness of the Company or by which the Company is bound; except for the
Registration Rights Agreement and Material Contracts filed as exhibits to the SEC Reports, there
are no agreements or arrangements under which the Company is obligated to register the sale of any
of its securities under the Securities Act; except as described in the SEC Reports, there
are no outstanding securities or instruments of the Company that contain any redemption or similar
provisions, and there are no contracts, commitments, understandings or arrangements by which the
Company is or may become bound to redeem a security of the Company or any of its Subsidiaries; the
Company does not have any stock appreciation rights or “phantom stock” plans or agreements or any
similar plan or agreement; and neither the Company nor any of its Subsidiaries have any liabilities
or obligations required to be disclosed in the SEC Reports but not so disclosed in the SEC Reports,
which, individually or in the aggregate, will have or would reasonably be expected to have a
Material Adverse Effect. There are no securities or instruments issued by or to which the Company
is a party containing anti-dilution or similar provisions that will be triggered by the issuance of
the Shares.

(h) SEC Reports; Disclosure Materials. The Company has filed all reports, schedules,
forms, statements and other documents required to be filed by it under the Exchange Act, including
pursuant to Section 13(a) or 15(d) thereof, for the eighteen (18) months preceding the date hereof
(the foregoing materials, including the exhibits thereto and documents incorporated by reference
therein, being collectively referred to herein as the “SEC Reports” and together with this
Agreement and the schedules to this Agreement, the “Disclosure Materials”), on a timely basis or
has received a valid extension of such time of filing and has filed any such SEC Reports prior to
the expiration of any such extension. As of their respective filing dates, the SEC Reports complied
in all material respects with the requirements of the Securities Act and the Exchange Act and the
rules and regulations of the Commission promulgated thereunder, and none of the SEC Reports, when
filed, contained any untrue statement of a material fact or omitted to state a material fact
required to be stated therein or necessary in order to make the statements therein, in light of the
circumstances under which they were made, not misleading.

 

11

 

(i) Financial Statements. The financial statements of the Company included in the SEC
Reports comply in all material respects with applicable accounting requirements and the rules and
regulations of the Commission with respect thereto as in effect at the time of filing. Such
financial statements have been prepared in accordance with GAAP applied on a consistent basis
during the periods involved, except as may be otherwise specified in such financial statements or
the notes thereto and except that unaudited financial statements may not contain all
footnotes required by GAAP, and fairly present in all material respects the balance sheet of
the Company and its Subsidiaries taken as a whole as of and for the dates thereof and the results
of operations and cash flows for the periods then ended, subject, in the case of unaudited
statements, to normal, year-end audit adjustments, which would not be material, either individually
or in the aggregate.

(j) Tax Matters. The Company (i) has prepared and filed all foreign, federal and
state income and all other tax returns, reports and declarations required by any jurisdiction to
which it is subject, (ii) has paid all taxes and other governmental assessments and charges that
are material in amount, shown or determined to be due on such returns, reports and declarations,
except those being contested in good faith, with respect to which adequate reserves have been set
aside on the books of the Company and (iii) has set aside on its books provisions reasonably
adequate for the payment of all taxes for periods subsequent to the periods to which such returns,
reports or declarations apply, except, in the case of clauses (i) and (ii) above, where the failure
to so pay or file any such tax, assessment, charge or return would not have or reasonably be
expected to have a Material Adverse Effect.

(k) Material Changes. Since the date of the latest audited financial statements
included within the SEC Reports, except as disclosed in subsequent SEC Reports filed prior to the
date hereof, (i) there have been no events, occurrences or developments that have had or would
reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect,
(ii) the Company has not incurred any material liabilities (contingent or otherwise) other than (A)
trade payables, accrued expenses and other liabilities incurred in the ordinary course of business
consistent with past practice and (B) liabilities not required to be reflected in the Company’s
financial statements pursuant to GAAP or required to be disclosed in filings made with the
Commission, (iii) the Company has not altered materially its method of accounting or the manner in
which it keeps its accounting books and records, (iv) the Company has not declared or made any
dividend or distribution of cash or other property to its shareholders or purchased, redeemed or
made any agreements to purchase or redeem any shares of its capital stock, (v) the Company has not
issued any equity securities to any officer, director or Affiliate, except Common Stock issued
pursuant to existing Company stock option or stock purchase plans or executive and director
arrangements disclosed in the SEC Reports, (vi) there has not been any material change or amendment
to, or any waiver of any material right by the Company under, any Material Contract under which the
Company or any of its Subsidiaries is bound or subject. Except for the transactions contemplated by
this Agreement, no event, liability or development has occurred or exists with respect to the
Company or its Subsidiaries or their respective business, properties, operations or financial
condition that would be required to be disclosed by the Company under applicable securities laws at
the time this representation is made that has not been publicly disclosed at least one Trading Day
prior to the date that this representation is made.

 

12

 

(l) Environmental Matters. To the Company’s Knowledge, neither the Company nor any of
its Subsidiaries (i) is in violation of any statute, rule, regulation, decision or order of any
governmental agency or body or any court, domestic or foreign, relating to the use,
disposal or release of hazardous or toxic substances or relating to the protection or
restoration of the environment or human exposure to hazardous or toxic substances (collectively,
“Environmental Laws”), (ii) owns or operates any real property contaminated with any substance that
is in violation of any Environmental Laws, (iii) is liable for any off-site disposal or
contamination pursuant to any Environmental Laws, or (iv) is subject to any claim relating to any
Environmental Laws; in each case, which violation, contamination, liability or claim has had or
would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;
and, to the Company’s Knowledge, there is no pending or threatened investigation that might lead to
such a claim.

(m) Litigation. There is no Action which (i) adversely affects or challenges the
legality, validity or enforceability of any of the Transaction Documents or the issuance of the
Shares or (ii) except as disclosed in the SEC Reports, is reasonably likely to have a Material
Adverse Effect, individually or in the aggregate, if there were an unfavorable decision. Neither
the Company nor any Subsidiary, nor any director or officer thereof, is or has been the subject of
any Action involving a claim of violation of or liability under federal or state securities laws or
a claim of breach of fiduciary duty. There has not been, and to the Company’s Knowledge there is
not pending or contemplated, any investigation by the Commission involving the Company or any
current or former director or officer of the Company. The Commission has not issued any stop order
or other order suspending the effectiveness of any registration statement filed by the Company or
any of its Subsidiaries under the Exchange Act or the Securities Act. There are no outstanding
orders, judgments, injunctions, awards or decrees of any court, arbitrator or governmental or
regulatory body against the Company or any executive officers or directors of the Company in their
capacities as such, which individually or in the aggregate, would reasonably be expected to have a
Material Adverse Effect.

(n) Employment Matters. No labor dispute exists or, to the Company’s Knowledge, is
imminent with respect to any of the employees of the Company or any Subsidiary which would have or
reasonably be expected to have a Material Adverse Effect. None of the Company’s or Subsidiaries’
employees is a member of a union that relates to such employee’s relationship with the Company or
Subsidiary, and neither the Company nor any of its Subsidiaries is a party to a collective
bargaining agreement, and the Company and each Subsidiary believes that its relationship with its
employees is good. To the Company’s Knowledge, no executive officer is, or is now expected to be,
in violation of any material term of any employment contract, confidentiality, disclosure or
proprietary information agreement or non-competition agreement, or any other contract or agreement
or any restrictive covenant in favor of a third party, and to the Company’s Knowledge, the
continued employment of each such executive officer does not subject the Company or any Subsidiary
to any liability with respect to any of the foregoing matters. The Company is in compliance with
all U.S. federal, state, local and foreign laws and regulations relating to employment and
employment practices, terms and conditions of employment and wages and hours, except where the
failure to be in compliance would not have or reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect.

 

13

 

(o) Compliance. Neither the Company nor any of its Subsidiaries (i) is in default
under or in violation of (and no event has occurred that has not been waived that, with notice or
lapse of time or both, would result in a default by the Company or any of its Subsidiaries under),
nor has the Company or any of its Subsidiaries received written notice of a claim that it is in
default under or that it is in violation of, any Material Contract (whether or not such default or
violation has been waived), (ii) is in violation of any order of any court, arbitrator or
governmental body having jurisdiction over the Company, its Subsidiaries or their respective
properties or assets, or (iii) is in violation of, or in receipt of written notice that it is in
violation of, any statute, rule, regulation, policy or guideline or order of any governmental
authority, self-regulatory organization (including the Principal Trading Market) applicable to the
Company or any of its Subsidiaries, or which would have the effect of revoking or limiting FDIC
deposit insurance, except in each case set forth in (i), (ii) and (iii) of this paragraph as would
not have or reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect.

(p) Regulatory Permits. The Company and each of its Subsidiaries possess all
certificates, authorizations and permits issued by the appropriate federal, state, local or foreign
regulatory authorities necessary to conduct their respective businesses as currently conducted and
as described in the SEC Reports, except where the failure to possess such certificates,
authorizations or permits, individually or in the aggregate, has not and would not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect (“Material Permits”),
and (i) neither the Company nor any of its Subsidiaries has received any notice in writing of
Proceedings relating to the revocation or material adverse modification of any such Material
Permits and (ii) the Company is not aware of any facts or circumstances that would give rise to the
revocation or material adverse modification of any Material Permits.

(q) Title to Assets. The Company and its Subsidiaries have good and marketable title
to all real property and tangible personal property owned by them which is material to the business
of the Company and its Subsidiaries, taken as a whole, in each case free and clear of all Liens
except such as do not materially affect the value of such property or do not interfere with the use
made and proposed to be made of such property by the Company and any of its Subsidiaries. Any real
property and facilities held under lease by the Company and any of its Subsidiaries are held by
them under valid, subsisting and enforceable leases with such exceptions as are not material and do
not interfere with the use made and proposed to be made of such property and facilities by the
Company and its Subsidiaries.

 

14

 

(r) Patents and Trademarks. The Company and its Subsidiaries own, possess, license or
have other rights to use all foreign and domestic patents, patent applications, trade and service
marks, trade and service mark registrations, trade names, copyrights, inventions, trade secrets,
technology, Internet domain names, know-how and other intellectual property (collectively, the
“Intellectual Property”) necessary for the conduct of their respective businesses as currently
conducted or as proposed to be conducted as disclosed in the SEC Reports except where the failure
to own, possess, license or have such rights would not have or reasonably be expected to have a
Material Adverse Effect. Except as set forth in the SEC Reports and except where such violations
or infringements would not have or reasonably be
expected to have, either individually or in the aggregate, a Material Adverse Effect, (a)
there are no rights of third parties to any such Intellectual Property; (b) there is no
infringement by third parties of any such Intellectual Property; (c) there is no pending or
threatened Proceeding by others challenging the Company’s and/or its Subsidiaries’ rights in or to
any such Intellectual Property; (d) there is no pending or threatened Proceeding by others
challenging the validity or scope of any such Intellectual Property; and (e) there is no pending or
threatened Proceeding by others that the Company and/or any Subsidiary infringes or otherwise
violates any patent, trademark, service mark, trade name, copyright, invention, trade secret,
technology, Internet domain name, know-how or other proprietary rights of others.

(s) Insurance. The Company and each of the Subsidiaries are insured by insurers of
recognized financial responsibility against such losses and risks and in such amounts as the
Company believes to be prudent and customary in the businesses and locations in which and where the
Company and the Subsidiaries are engaged. Neither the Company nor any of its Subsidiaries has
received any notice of cancellation of any such insurance, nor, to the Company’s Knowledge, will it
or any Subsidiary be unable to renew their respective existing insurance coverage as and when such
coverage expires or to obtain similar coverage from similar insurers as may be necessary to
continue its business at a cost that would not have a Material Adverse Effect.

(t) Transactions With Affiliates and Employees. Except as set forth in the SEC
Reports and other than the grant of stock options or other equity awards that are not individually
or in the aggregate material in amount, none of the officers or directors of the Company and, to
the Company’s Knowledge, none of the employees of the Company, is presently a party to any
transaction with the Company or to a presently contemplated transaction (other than for services as
employees, officers and directors) that would be required to be disclosed pursuant to Item 404 of
Regulation S-K promulgated under the Securities Act.

(u) Internal Control Over Financial Reporting. Except as set forth in the SEC
Reports, the Company maintains internal control over financial reporting (as such term is defined
in Rule 13a-15(f) under the Exchange Act) designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with GAAP and such internal control over financial reporting is effective.

(v) Sarbanes-Oxley; Disclosure Controls. The Company is in compliance in all material
respects with all of the provisions of the Sarbanes-Oxley Act of 2002 which are applicable to it.
The Company maintains disclosure controls and procedures (as such term is defined in Rule 13a-15(e)
and 15d-15(e) under the Exchange Act), and such disclosure controls and procedures are effective.

 

15

 

(w) Certain Fees. No Person will have, as a result of the transactions contemplated
by this Agreement, any valid right, interest or claim against or upon the Company or a Purchaser
for any commission, fee or other compensation pursuant to any agreement,
arrangement or understanding entered into by or on behalf of the Company, other than the
Financial Advisor with respect to the offer and sale of the Shares (which Financial Advisor fees
are being paid by the Company). The Company shall indemnify, pay, and hold each Purchaser harmless
against, any liability, loss or expense (including, without limitation, attorneys’ fees and
out-of-pocket expenses) arising in connection with any such right, interest or claim.

(x) Private Placement. Assuming the accuracy of the Purchasers’ representations and
warranties set forth in Section 3.2 of this Agreement and the accuracy of the information disclosed
in the Accredited Investor Questionnaires, no registration under the Securities Act is required for
the offer and sale of the Shares by the Company to the Purchasers under the Transaction Documents.
The issuance and sale of the Shares hereunder does not contravene the rules and regulations of the
Principal Trading Market.

(y) Registration Rights. Other than each of the Purchasers and as described in the
Material Contracts, no Person has any right to cause the Company to effect the registration under
the Securities Act of any securities of the Company.

(z) No Integrated Offering. Assuming the accuracy of the Purchasers’ representations
and warranties set forth in Section 3.2, none of the Company, its Subsidiaries nor, to the
Company’s Knowledge, any of its Affiliates or any Person acting on its behalf has, directly or
indirectly, at any time within the past six months, made any offers or sales of any Company
security or solicited any offers to buy any security under circumstances that would (i) cause such
offers and sales to be integrated for purposes of Regulation D with the offer and sale by the
Company of the Shares as contemplated hereby that would cause the exemption from registration under
Regulation D to be unavailable in connection with the offer and sale by the Company of the Shares
as contemplated hereby or (ii) cause the offering of the Shares pursuant to the Transaction
Documents to be integrated with prior offerings by the Company causing the violation of any
applicable law, regulation or stockholder approval provisions, including, without limitation, under
the rules and regulations of any Trading Market on which any of the securities of the Company are
listed or designated.

(aa) Listing and Maintenance Requirements. The Company’s Common Stock is registered
pursuant to Section 12(b) of the Exchange Act, and the Company has taken no action designed to
terminate the registration of the Common Stock under the Exchange Act nor has the Company received
any notification that the Commission is contemplating terminating such registration. The Company
has not, in the 12 months preceding the date hereof, received written notice from the Principal
Trading Market to the effect that the Company is not in compliance with the listing or maintenance
requirements of the Principal Trading Market. The Company is, and has no reason to believe that it
will not in the foreseeable future continue to be, in compliance in all material respects with the
listing and maintenance requirements for continued trading of the Common Stock on the Principal
Trading Market.

(bb) Investment Company. The Company is not, and immediately after receipt of payment
for the Shares will not be, an “investment company,” an “affiliated person” of,
“promoter” for or “principal underwriter” for, an entity “controlled” by an “investment
company,” within the meaning of the Investment Company Act of 1940, as amended.

 

16

 

(cc) Unlawful Payments. Neither the Company nor any of its Subsidiaries, nor any
directors, officers, nor to the Company’s Knowledge, employees, agents or other Persons acting at
the direction of or on behalf of the Company or any of its Subsidiaries has, in the course of its
actions for, or on behalf of, the Company: (a) directly or indirectly, used any corporate funds for
unlawful contributions, gifts, entertainment or other unlawful expenses relating to foreign or
domestic political activity; (b) made any direct or indirect unlawful payments to any foreign or
domestic governmental officials or employees or to any foreign or domestic political parties or
campaigns from corporate funds; (c) violated any provision of the Foreign Corrupt Practices Act of
1977, as amended; or (d) made any other unlawful bribe, rebate, payoff, influence payment, kickback
or other material unlawful payment to any foreign or domestic government official or employee.

(dd) Application of Takeover Protections; Rights Agreements. Except for the Tax
Benefits Preservation Plan, dated as of November 19, 2010, between the Company and Mellon Investor
Services LLC, the Company has not adopted any stockholder rights plan or similar arrangement
relating to accumulations of beneficial ownership of Common Stock or a change in control of the
Company. The Company and its Board have taken all action necessary to render inapplicable any
control share acquisition, business combination, poison pill (including any distribution under a
rights agreement) or other similar anti-takeover provision under the Company’s articles of
incorporation or other organizational documents or the laws of the jurisdiction of its
incorporation or otherwise which is or could become applicable to any Purchaser as a direct
consequence of the transactions contemplated by this Agreement, including, without limitation, the
Company’s issuance of the Shares and any Purchaser’s ownership of the Shares.

(ee) Disclosure. The Company confirms that neither it nor any of its officers or
directors nor any other Person acting on its or their behalf has provided, and it has not
authorized the Financial Advisor to provide, any Purchaser or its respective agents or counsel with
any information that it believes constitutes or could reasonably be expected to constitute
material, non-public information except insofar as the existence, provisions and terms of the
Transaction Documents and the proposed transactions hereunder may constitute such information, all
of which will be disclosed by the Company in the Press Release as contemplated by Section 4.6
hereof. The Company understands and confirms that each of the Purchasers will rely on the foregoing
representations in effecting transactions in securities of the Company. No event or circumstance
has occurred or information exists with respect to the Company or any of its Subsidiaries or its or
their business, properties, operations or financial conditions, which, under applicable law, rule
or regulation, requires public disclosure or announcement by the Company but which has not been so
publicly announced or disclosed, except for the announcement of this Agreement and related
transactions and as may be disclosed on the Form 8-K filed pursuant to Section 4.6.

 

17

 

(ff) Off Balance Sheet Arrangements. There is no transaction, arrangement, or other
relationship between the Company (or any Subsidiary) and an unconsolidated or other off balance
sheet entity that is required to be disclosed by the Company in its Exchange Act filings and is not
so disclosed.

(gg) Acknowledgment Regarding Purchasers’ Purchase of Shares. The Company
acknowledges and agrees that each of the Purchasers is acting solely in the capacity of an arm’s
length purchaser with respect to the Transaction Documents and the transactions contemplated hereby
and thereby. The Company further acknowledges that no Purchaser is acting as a financial advisor
or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents
and the transactions contemplated thereby and any advice given by any Purchaser or any of their
respective representatives or agents in connection with the Transaction Documents and the
transactions contemplated thereby is merely incidental to the Purchasers’ purchase of the Shares.

(hh) Absence of Manipulation. The Company has not, and to the Company’s Knowledge no
one acting on its behalf has, taken, directly or indirectly, any action designed to cause or to
result in the stabilization or manipulation of the price of any security of the Company to
facilitate the sale or resale of any of the Shares.

(ii) OFAC. Neither the Company nor any Subsidiary nor, to the Company’s Knowledge,
any director, officer, agent, employee, Affiliate or Person acting on behalf of the Company or any
Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets
Control of the U.S. Treasury Department (“OFAC”); and the Company will not knowingly, directly or
indirectly, use the proceeds of the sale of the Shares, or lend, contribute or otherwise make
available such proceeds to any Subsidiary, joint venture partner or other Person or entity, towards
any sales or operations in any country sanctioned by OFAC or for the purpose of financing the
activities of any Person currently subject to any U.S. sanctions administered by OFAC.

(jj) Money Laundering Laws. The operations of each of the Company and any Subsidiary
are and have been conducted at all times in compliance with the money laundering statutes of
applicable jurisdictions, the rules and regulations thereunder and any related or similar rules,
regulations or guidelines, issued, administered or enforced by any applicable governmental agency
(collectively, the “Money Laundering Laws”) and to the Company’s Knowledge, no Proceeding by or
before any court or governmental agency, authority or body or any arbitrator involving the Company
and/or any Subsidiary with respect to the Money Laundering Laws is pending or threatened.

 

18

 

(kk) Compliance with Certain Banking Regulations. The Company has no knowledge of any
facts and circumstances, and has no reason to believe that any facts or circumstances exist, that
would cause the Bank: (i) to be deemed not to be in satisfactory compliance with the Community
Reinvestment Act and the regulations promulgated thereunder or to be assigned a CRA rating by
federal or state banking regulators of lower than
“satisfactory”; (ii) to be deemed to be operating in violation, in any material respect, of
the Bank Secrecy Act of 1970 (or otherwise known as the “Currency and Foreign Transactions
Reporting Act”), the USA Patriot Act (or otherwise known as “Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001”), any order
issued with respect to anti-money laundering by OFAC or any other anti-money laundering statute,
rule or regulation; or (iii) to be deemed not to be in satisfactory compliance, in any material
respect, with all applicable privacy of customer information requirements contained in any federal
and state privacy laws and regulations as well as the provisions of all information security
programs adopted by the Bank.

(ll) No Additional Agreements. The Company has no other agreements or understandings
(including, without limitation, side letters) with any Purchaser to purchase Shares on terms other
than as set forth herein.

(mm) Reports, Registrations and Statements. Since January 1, 2009, the Company and
each Subsidiary have filed all material reports, registrations and statements, together with any
required amendments thereto, that it was required to file with the Bank Regulatory Authorities and
any other applicable federal or state securities or banking authorities, including, without
limitation, all financial statements and financial information required to be filed by it under the
Federal Deposit Insurance Act and the BHC Act. All such reports and statements filed with any such
regulatory body or authority are collectively referred to herein as the “Company Reports.” All such
Company Reports were filed on a timely basis or the Company of the applicable Subsidiary, as
applicable, received a valid extension of such time of filing and has filed any such Company
Reports prior to the expiration of any such extension. As of their respective dates, the Company
Reports complied in all material respects with all the rules and regulations promulgated by the
Bank Regulatory Authorities and any other applicable federal or state securities or banking
authorities, as the case may be.

(nn) Bank Regulatory Capitalization. As of March 31, 2011, the Bank met or exceeded
the standards necessary to be considered “well capitalized” under the FDIC’s regulatory framework
for prompt corrective action.

(oo) Agreements with Regulatory Agencies. Except as described in the SEC Reports,
neither the Company nor any Subsidiary is subject to any cease-and-desist or other similar order or
enforcement action issued by, or is a party to any written agreement, consent agreement or
memorandum of understanding with, or is a party to any commitment letter or similar undertaking to,
or is subject to any capital directive by, or since December 31, 2008, has adopted any board
resolutions at the request of, any governmental entity that currently restricts in any material
respect the conduct of its business or that in any material manner relates to its capital adequacy,
its liquidity and funding policies and practices, its ability to pay dividends, its credit, risk
management or compliance policies, its internal controls, its management or its operations or
business (each item in this sentence, a “Regulatory Agreement”), nor has the Company or any
Subsidiary been advised since December 31, 2008 by any governmental entity that it is considering
issuing, initiating, ordering, or requesting any such Regulatory Agreement.

 

19

 

Each of the Company and each Subsidiary has properly administered all accounts for which it
acts as a fiduciary, including accounts for which it serves as a trustee, agent, custodian,
personal representative, guardian, conservator or investment advisor, in accordance with the terms
of the governing documents, applicable federal and state law and regulation and common law. None
of the Company, any Subsidiary or any director, officer or employee of the Company or any
Subsidiary has committed any breach of trust or fiduciary duty with respect to any such fiduciary
account and the accountings for each such fiduciary account are true and correct and accurately
reflect the assets of such fiduciary account.

(pp) No General Solicitation or General Advertising. Neither the Company nor any
Person acting on its behalf has engaged or will engage in any form of general solicitation or
general advertising (within the meaning of Regulation D) in connection with any offer or sale of
the Shares.

(qq) Risk Management Instruments. Except as has not had or would not reasonably be
expected to have a Material Adverse Effect, since January 1, 2009, all material derivative
instruments, including, swaps, caps, floors and option agreements, whether entered into for the
Company’s own account, or for the account of one or more of its Subsidiaries, were entered into (1)
only in the ordinary course of business, (2) in accordance with prudent practices and in all
material respects with all applicable laws, rules, regulations and regulatory policies and (3) with
counterparties believed to be financially responsible at the time; and each of them constitutes the
valid and legally binding obligation of the Company or one of its Subsidiaries, enforceable in
accordance with its terms. Neither the Company nor its Subsidiaries, nor, to the knowledge of the
Company, any other party thereto, is in breach of any of its material obligations under any such
agreement or arrangement.

(rr) ERISA. The Company is in compliance in all material respects with all presently
applicable provisions of the Employee Retirement Income Security Act of 1974, as amended, including
the regulations and published interpretations thereunder (herein called “ERISA”); no “reportable
event” (as defined in ERISA) has occurred with respect to any “pension plan” (as defined in ERISA)
for which the Company would have any liability; the Company has not incurred and does not expect to
incur liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any
“pension plan”; or (ii) Sections 412 or 4971 of the Internal Revenue Code of 1986, as amended,
including the regulations and published interpretations thereunder (the “Code”); and each “Pension
Plan” for which the Company would have liability that is intended to be qualified under Section
401(a) of the Code is so qualified in all material respects and nothing has occurred, whether by
action or by failure to act, which would cause the loss of such qualification.

(ss) Shell Company Status. The Company is not, and has never been, an issuer
identified in Rule 144(i)(1).

 

20

 

(tt) Regulatory Capital Levels. At the Closing Date, taking into account the proceeds
of the capital raise contemplated by this Agreement and assuming that the net proceeds
this capital raise are contributed by Company to the Bank in accordance with Section 4.10, the
Company and the Bank will each have a leverage ratio of not less than 9.5% and a total risk-based
capital ratio of not less than 13.5%.

(uu) Change in Control. The issuance of the Shares to the Purchasers as contemplated
by this Agreement will not trigger any rights under any “change of control” provision in any of the
agreements to which the Company or any of its Subsidiaries is a party, including any employment,
“change in control,” severance or other compensatory agreements and any benefit plan, which results
in payments to the counterparty or the acceleration of vesting of benefits.

(vv) Common Control. The Company is not and, after giving effect to the offering and
sale of the Shares, will not be under the control (as defined in the BHC Act and the Federal
Reserve’s Regulation Y (12 CFR Part 225) (“BHC Act Control”) of any company (as defined in the BHC
Act and the Federal Reserve’s Regulation Y). The Company is not in BHC Act Control of any
federally insured depository institution other than the Bank. The Bank is not under the BHC Act
Control of any company (as defined in the BHC Act and the Federal Reserve’s Regulation Y) other
than Company. Neither the Company nor the Bank controls, in the aggregate, more than five percent
of the outstanding voting class, directly or indirectly, of any federally insured depository
institution, other than the Company’s ownership of the Bank. The Bank is not subject to the
liability of any commonly controlled depository institution pursuant to Section 5(e) of the Federal
Deposit Insurance Act (12 U.S.C. § 1815(e)).

(ww) Registration Eligibility. The Company is eligible to register the resale of the
Shares by the Purchasers using Form S-3 promulgated under the Securities Act.

3.2 Representations and Warranties of the Purchasers. Each Purchaser hereby, for
itself and for no other Purchaser, represents and warrants as of the date hereof and as of the
Closing Date to the Company as follows:

(a) Organization; Authority. If such Purchaser is an entity, it is duly organized,
validly existing and in good standing under the laws of the jurisdiction of its organization with
the requisite corporate, partnership or other power and authority to enter into and to consummate
the transactions contemplated by the applicable Transaction Documents and otherwise to carry out
its obligations hereunder and thereunder. If such Purchaser is an entity, the execution and
delivery of this Agreement and performance by such Purchaser of the transactions contemplated by
this Agreement have been duly authorized by all necessary corporate or, if such Purchaser is not a
corporation, such partnership, limited liability company or other applicable like action, on the
part of such Purchaser. If such Purchaser is an entity, each of this Agreement and the Registration
Rights Agreement has been duly executed by such Purchaser, and when delivered by such Purchaser in
accordance with the terms hereof, will constitute the valid and legally binding obligation of such
Purchaser, enforceable against it in accordance with its terms, except as such enforceability may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar
laws relating to, or affecting generally the
enforcement of, creditors’ rights and remedies or by other equitable principles of general
application. Except to the extent any Bank Regulatory Authority requires a passivity or
anti-association commitment in connection with the transactions contemplated hereby, the Purchaser
is not required to obtain any consent, waiver, authorization or order of, give any notice to, or
make any filing or registration with, any court or other federal, state, local or other
governmental authority, self-regulatory organization or other Person in connection with the
execution, delivery and performance by the Purchaser of the Transaction Documents.

 

21

 

(b) No Conflicts. The execution, delivery and performance by such Purchaser of this
Agreement and the Registration Rights Agreement and the consummation by such Purchaser of the
transactions contemplated hereby and thereby will not (i) result in a violation of the
organizational documents of such Purchaser (if such Purchaser is an entity), (ii) conflict with, or
constitute a default (or an event which with notice or lapse of time or both would become a
default) under, or give to others any rights of termination, amendment, acceleration or
cancellation of, any agreement, indenture or instrument to which such Purchaser is a party, or
(iii) result in a violation of any law, rule, regulation, order, judgment or decree (including
federal and state securities laws) applicable to such Purchaser, except in the case of clauses (ii)
and (iii) above, for such conflicts, defaults, rights or violations which would not, individually
or in the aggregate, reasonably be expected to have a material adverse effect on the ability of
such Purchaser to perform its obligations hereunder or thereunder.

(c) Investment Intent. Such Purchaser understands that the Shares are “restricted
securities” and have not been registered under the Securities Act or any applicable state
securities law and is acquiring the Shares as principal for its own account and not with a view to,
or for distributing or reselling such Shares or any part thereof in violation of the Securities Act
or any applicable state securities laws, provided, however, that by making the representations
herein, such Purchaser does not agree to hold any of the Shares for any minimum period of time and
reserves the right at all times to sell or otherwise dispose of all or any part of such Shares
pursuant to an effective registration statement under the Securities Act or under an exemption from
such registration and in compliance with applicable federal and state securities laws. Such
Purchaser is acquiring the Shares hereunder in the ordinary course of its business. Such Purchaser
does not presently have any agreement, plan or understanding, directly or indirectly, with any
Person to distribute or effect any distribution of any of the Shares to or through any Person.

(d) Purchaser Status. At the time such Purchaser was offered the Shares, it was, and
at the date hereof it is, an “accredited investor” as defined in Rule 501(a) under the Securities
Act.

(e) General Solicitation. Such Purchaser is not purchasing the Shares as a result of
any advertisement, article, notice or other communication regarding the Shares published in any
newspaper, magazine or similar media or broadcast over television or radio or presented at any
seminar or any other general advertisement.

 

22

 

(f) Experience of Such Purchaser. Such Purchaser, either alone or together with its
representatives, has such knowledge, sophistication and experience in business and financial
matters so as to be capable of evaluating the merits and risks of the prospective investment in the
Shares, and has so evaluated the merits and risks of such investment. Such Purchaser is able to
bear the economic risk of an investment in the Shares and, at the present time, is able to afford a
complete loss of such investment.

(g) Access to Information. Such Purchaser acknowledges that it has been afforded (i)
the opportunity to ask such questions as it has deemed necessary of, and to receive answers from,
representatives of the Company concerning the terms and conditions of the offering of the Shares
and the merits and risks of investing in the Shares; (ii) access to information about the Company
and the Subsidiaries and their respective financial condition, results of operations, business,
properties, management and prospects sufficient to enable it to evaluate its investment; and (iii)
the opportunity to obtain such additional information that the Company possesses or can acquire
without unreasonable effort or expense that is necessary to make an informed investment decision
with respect to the investment. Neither such inquiries nor any other investigation conducted by or
on behalf of such Purchaser or its representatives or counsel shall modify, amend or affect such
Purchaser’s right to rely on the truth, accuracy and completeness of the Disclosure Materials and
the Company’s representations and warranties contained in the Transaction Documents. Such Purchaser
has sought such accounting, legal and tax advice as it has considered necessary to make an informed
decision with respect to its acquisition of the Shares.

(h) Brokers and Finders. Other than the Financial Advisor with respect to the
Company, no Person will have, as a result of the transactions contemplated by this Agreement, any
valid right, interest or claim against or upon the Company or any Purchaser for any commission, fee
or other compensation pursuant to any agreement, arrangement or understanding entered into by or on
behalf of the Purchaser.

(i) Independent Investment Decision. Such Purchaser has independently evaluated the
merits of its decision to purchase Shares pursuant to the Transaction Documents, and such Purchaser
confirms that it has not relied on the advice of any other Purchaser’s business and/or legal
counsel in making such decision. Such Purchaser understands that nothing in this Agreement or any
other materials presented by or on behalf of the Company to the Purchaser in connection with the
purchase of the Shares constitutes legal, tax or investment advice. Such Purchaser has consulted
such legal, tax and investment advisors as it, in its sole discretion, has deemed necessary or
appropriate in connection with its purchase of the Shares. Such Purchaser understands that the
Financial Advisor has acted solely as the agent of the Company in this placement of the Shares and
such Purchaser has not relied on the business or legal advice of the Financial Advisor or any of
its agents, counsel or Affiliates in making its investment decision hereunder, and confirms that
none of such Persons has made any representations or warranties to such Purchaser in connection
with the transactions contemplated by the Transaction Documents.

 

23

 

(j) Reliance on Exemptions. Such Purchaser understands that the Shares are being
offered and sold to it in reliance on specific exemptions from the registration requirements of
U.S. federal and state securities laws and that the Company is relying in part upon the truth and
accuracy of, and such Purchaser’s compliance with, the representations, warranties, agreements,
acknowledgements and understandings of such Purchaser set forth herein in order to determine the
availability of such exemptions and the eligibility of such Purchaser to acquire the Shares.

(k) No Governmental Review. Such Purchaser understands that no U.S. federal or state
agency or any other government or governmental agency has passed on or made any recommendation or
endorsement of the Shares or the fairness or suitability of the investment in the Shares nor have
such authorities passed upon or endorsed the merits of the offering of the Shares.

(l) Residency. Such Purchaser’s residence (if an individual) or office in which its
investment decision with respect to the Shares was made (if an entity) is located in the state set
forth in such Purchaser’s Accredited Investor Questionnaire.

3.3 The Company and each of the Purchasers acknowledge and agree that no party to this
Agreement has made or makes any representations or warranties with respect to the transactions
contemplated hereby other than those specifically set forth in this Article III and the
Transaction Documents.

ARTICLE IV

OTHER AGREEMENTS OF THE PARTIES

4.1 Transfer Restrictions.

(a) Compliance with Laws. Notwithstanding any other provision of this Article IV,
each Purchaser covenants that the Shares may be disposed of only pursuant to an effective
registration statement under, and in compliance with the requirements of, the Securities Act, or
pursuant to an available exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act, and in compliance with any applicable state, federal or foreign
securities laws. In connection with any transfer of the Shares other than (i) pursuant to an
effective registration statement, (ii) to the Company or (iii) pursuant to Rule 144 (provided that
the transferor provides the Company with reasonable assurances (in the form of seller and, if
applicable, broker representation letter(s)) that such securities may be sold pursuant to such
rule), the Company may require the transferor thereof to provide to the Company and the Transfer
Agent, at the transferor’s expense, an opinion of counsel selected by the transferor and reasonably
acceptable to the Company and the Transfer Agent, the form and substance of which opinion shall be
reasonably satisfactory to the Company and the Transfer Agent, to the effect that such transfer
does not require registration of such Shares under the Securities Act. As a condition of transfer
(other than pursuant to clauses (i), (ii) or (iii) of the preceding sentence), any such transferee
shall agree in writing to be bound by the terms of this Agreement and shall
have the rights of a Purchaser under this Agreement and the Registration Rights Agreement with
respect to such transferred Shares.

 

24

 

(b) Legends. Certificates evidencing the Shares shall bear any legend as required by
the “blue sky” laws of any state and a restrictive legend in substantially the following form,
until such time as they are not required under Section 4.1(c) or applicable law:

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR APPLICABLE STATE
SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD,
TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE
REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT
OR (B) AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS OR BLUE SKY LAWS AS
EVIDENCED BY A LEGAL OPINION OF COUNSEL REASONABLY SATISFACTORY TO
THE COMPANY AND ITS TRANSFER AGENT OR (II) UNLESS SOLD PURSUANT TO
RULE 144 UNDER SAID ACT (PROVIDED THAT THE TRANSFEROR PROVIDES THE
COMPANY WITH REASONABLE ASSURANCES (IN THE FORM OF SELLER AND, IF
APPLICABLE, BROKER REPRESENTATION LETTER(S)) THAT THE SECURITIES MAY
BE SOLD PURSUANT TO SUCH RULE). NO REPRESENTATION IS MADE BY THE
ISSUER AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144
UNDER THE SECURITIES ACT FOR RESALES OF THESE SECURITIES.

(c) Removal of Legends. The restrictive legend set forth in Section 4.1(b) above
shall be removed and the Company shall issue a certificate without such restrictive legend or any
other restrictive legend to the holder of the applicable Shares upon which it is stamped or issue
to such holder by electronic delivery at the applicable balance account at DTC, if (i) such Shares
are registered for resale under the Securities Act, (ii) such Shares are sold or transferred
pursuant to Rule 144 (if the transferor is not an Affiliate of the Company), or (iii) such Shares
are eligible for sale under Rule 144, without the requirement for the Company to be in compliance
with the current public information required under Rule 144(c)(1) (or Rule 144(i)(2), if
applicable) as to such securities and without volume or manner-of-sale restrictions. Following the
earlier of (i) the Effective Date or (ii) Rule 144 becoming available for the resale of Shares,
without the requirement for the Company to be in compliance with the current public
information required under 144(c)(1) (or Rule 144(i)(2), if applicable) as to the Shares and
without volume or manner-of-sale restrictions, the Company shall instruct the Transfer Agent to
remove the legend from the Shares and shall cause its counsel to issue any legend removal opinion
required by the Transfer Agent. Any fees (with respect to the Transfer Agent, Company counsel or
otherwise) associated with the issuance of such opinion or the removal of such legend shall be
borne by the Company. If a legend is no longer required pursuant to the foregoing, the Company
will use its commercially reasonable efforts to cause no later than three (3) Trading Days
following the delivery by a Purchaser to the Transfer Agent (with notice to the Company) of a
legended certificate or instrument representing such Shares (endorsed or with stock powers
attached, signatures guaranteed, and otherwise in form necessary to affect the reissuance and/or
transfer) and a representation letter to the extent required by Section 4.1(a), to be delivered to
such Purchaser a certificate or instrument (as the case may be) representing such Shares that is
free from all restrictive legends. The Company may not make any notation on its records or give
instructions to the Transfer Agent that enlarge the restrictions on transfer set forth in this
Section 4.1(c). Certificates for Shares free from all restrictive legends may be transmitted by
the Transfer Agent to the Purchasers by crediting the account of the Purchaser’s prime broker with
DTC as directed by such Purchaser.

 

25

 

(d) Acknowledgement. Each Purchaser hereunder acknowledges its primary
responsibilities under the Securities Act and accordingly will not sell or otherwise transfer the
Shares or any interest therein without complying with the requirements of the Securities Act.
Except as otherwise provided below, while the Registration Statement remains effective, each
Purchaser hereunder may sell the Shares in accordance with the plan of distribution contained in
the registration statement and if it does so it will comply therewith and with the related
prospectus delivery requirements unless an exemption therefrom is available or unless the Shares
are sold pursuant to Rule 144. Each Purchaser, severally and not jointly with the other
Purchasers, agrees that if it is notified by the Company in writing at any time that the
registration statement registering the resale of the Shares is not effective or that the prospectus
included in such registration statement no longer complies with the requirements of Section 10 of
the Securities Act, the Purchaser will refrain from selling such Shares until such time as the
Purchaser is notified by the Company that such registration statement is effective or such
prospectus is compliant with Section 10 of the Exchange Act, unless such Purchaser is able to, and
does, sell such Shares pursuant to an available exemption from the registration requirements of
Section 5 of the Securities Act.

4.2 Acknowledgment of Dilution. The Company acknowledges that the issuance of the
Shares may result in dilution of the outstanding shares of Common Stock. The Company further
acknowledges that its obligations under the Transaction Documents, including without limitation
its obligation to issue the Shares pursuant to the Transaction Documents, are unconditional and
absolute and not subject to any right of set off, counterclaim, delay or reduction, regardless of
the effect of any such dilution or any claim the Company may have against any Purchaser and
regardless of the dilutive effect that such issuance may have on the ownership of the other
shareholders of the Company.

4.3 Furnishing of Information. In order to enable the Purchasers to sell the Shares
under Rule 144 of the Securities Act, for a period of one year from the Closing, the Company shall
maintain the registration of the Common Stock under Section 12(b) or 12(g) of the Exchange Act and
timely file (or obtain extensions in respect thereof and file within the applicable grace period)
all reports required to be filed by the Company after the date hereof pursuant to the Exchange
Act. During such one year period, if the Company is not required to file reports pursuant to such
laws, it will prepare and furnish to the Purchasers and make publicly available the information
described in Rule 144(c)(2), if the provision of such information will allow resales of the Shares
pursuant to Rule 144.

 

26

 

4.4 Form D and Blue Sky. The Company agrees to timely file a Form D with respect to
the Shares as required under Regulation D. The Company, on or before the Closing Date, shall take
such action as the Company shall reasonably determine is necessary in order to obtain an exemption
for or to qualify the Shares for sale to the Purchasers at the Closing pursuant to this Agreement
under applicable securities or “Blue Sky” laws of the states of the United States (or to obtain an
exemption from such qualification). The Company shall make all filings and reports relating to
the offer and sale of the Shares required under applicable securities or “Blue Sky” laws of the
states of the United States following the Closing Date.

4.5 No Integration. The Company shall not, and shall use its commercially reasonable
efforts to ensure that no Affiliate of the Company shall, sell, offer for sale or solicit offers
to buy or otherwise negotiate in respect of any security (as defined in Section 2 of the
Securities Act) that will be integrated with the offer or sale of the Shares in a manner that
would require the registration under the Securities Act of the sale of the Shares to the
Purchasers, or that will be integrated with the offer or sale of the Shares for purposes of the
rules and regulations of any Trading Market such that it would require stockholder approval prior
to the closing of such other transaction unless stockholder approval is obtained before the
closing of such subsequent transaction.

4.6 Securities Laws Disclosure; Publicity. The Company shall, by 9:00 a.m., New York
City time, on the first Business Day after date of this Agreement, issue one or more press
releases (collectively, the “Press Release”) reasonably acceptable to the Purchasers disclosing
all material terms of the transactions contemplated hereby and any other material, nonpublic
information that the Company may have provided any Purchaser at any time prior to the filing of
the Press Release. On or before 9:00 a.m., New York City time, on the fourth Business Day after
the date of this Agreement, the Company will file a Current Report on Form 8-K with the Commission
describing the terms of the Transaction Documents (and including as exhibits to such Current
Report on Form 8-K the material Transaction Documents (including, without limitation, this
Agreement and the Registration Rights Agreement)). If this Agreement terminates prior to Closing
but after the issuance of the Press Release, by the end of the first Business Day following the
date of such termination, the Company shall issue a press release disclosing such termination.
Notwithstanding the foregoing, the Company shall not publicly disclose the name of any Purchaser
or any Affiliate or investment adviser of any Purchaser, or include the name of any Purchaser or
any Affiliate or investment adviser of any Purchaser in
any press release or in any filing with the Commission (other than a Registration Statement)
or any regulatory agency or Trading Market, without the prior written consent of such Purchaser,
except (i) as required by the federal securities law in connection with (A) any registration
statement contemplated by the Registration Rights Agreement and (B) the filing of final
Transaction Documents with the Commission and (ii) to the extent such disclosure is required by
law, at the request of the staff of the Commission or regulatory agency or under Trading Market
regulations, in which case the Company shall provide the Purchasers with prior written notice of
such disclosure permitted under this subclause (ii). From and after the issuance of the Press
Release, no Purchaser shall be in possession of any material, non-public information received from
the Company, any Subsidiary or any of their respective officers, directors or employees.

 

27

 

4.7 Non-Public Information. Except with the express written consent of such
Purchaser and unless prior thereto such Purchaser shall have executed a written agreement
regarding the confidentiality and use of such information, the Company shall not, and shall cause
each Subsidiary and each of their respective officers, directors, employees and agents, not to,
and each Purchaser shall not directly solicit the Company, any of its Subsidiaries or any of their
respective officers, directors, employees or agents to provide any Purchaser with any material,
non-public information regarding the Company or any of its Subsidiaries from and after the filing
of the Press Release.

4.8 Indemnification.

(a) Indemnification of Purchasers. In addition to the indemnity provided in the
Registration Rights Agreement, the Company will indemnify and hold each Purchaser and its
directors, officers, shareholders, members, partners, employees and agents (and any other Persons
with a functionally equivalent role of a Person holding such titles notwithstanding a lack of such
title or any other title), each Person who controls such Purchaser (within the meaning of Section
15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers,
shareholders, agents, members, partners or employees (and any other Persons with a functionally
equivalent role of a Person holding such titles notwithstanding a lack of such title or any other
title) of such controlling Person (each, an “Indemnified Person”) harmless from any and all losses,
liabilities, obligations, claims, contingencies, damages, costs and expenses, including all
judgments, amounts paid in settlements, court costs and reasonable attorneys’ fees and costs of
investigation that any such Indemnified Person may suffer or incur as a result of (i) any breach of
any of the representations, warranties, covenants or agreements made by the Company in this
Agreement or in the other Transaction Documents or (ii) any action instituted against an
Indemnified Person in any capacity, or any of them or their respective Affiliates, by any
shareholder of the Company who is not an Affiliate of such Indemnified Person, with respect to any
of the transactions contemplated by this Agreement. The Company will not be liable to any
Indemnified Person under this Agreement to the extent, but only to the extent that a loss, claim,
damage or liability is directly attributable to any Indemnified Person’s breach of any of the
representations, warranties, covenants or agreements made by such Indemnified Person in this
Agreement or in the other Transaction Documents.

 

28

 

(b) Conduct of Indemnification Proceedings. Promptly after receipt by any Indemnified
Person of notice of any demand, claim or circumstances which would or might give rise to a claim or
the commencement of any Proceeding in respect of which indemnity may be sought pursuant to Section
4.8(a), such Indemnified Person shall promptly notify the Company in writing and the Company shall
assume the defense thereof, including the employment of counsel reasonably satisfactory to such
Indemnified Person, and shall assume the payment of all fees and expenses; provided, however, that
the failure of any Indemnified Person so to notify the Company shall not relieve the Company of its
obligations hereunder except to the extent that the Company is actually and materially and
adversely prejudiced by such failure to notify (as determined by a court of competent jurisdiction,
which determination is not subject to appeal or further review). In any such Proceeding, any
Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of
such counsel shall be at the expense of such Indemnified Person unless: (i) the Company and the
Indemnified Person shall have mutually agreed to the retention of such counsel; (ii) the Company
shall have failed promptly to assume the defense of such Proceeding and to employ counsel
reasonably satisfactory to such Indemnified Person in such Proceeding; or (iii) in the reasonable
judgment of counsel to such Indemnified Person, representation of both parties by the same counsel
would be inappropriate due to actual or potential differing interests between them. The Company
shall not be liable for any settlement of any Proceeding effected without its written consent,
which consent shall not be unreasonably withheld, delayed or conditioned. Without the prior written
consent of the Indemnified Person, the Company shall not effect any settlement of any pending or
threatened Proceeding in respect of which any Indemnified Person is or could have been a party and
indemnity could have been sought hereunder by such Indemnified Party, unless such settlement
includes an unconditional release of such Indemnified Person from all liability arising out of such
Proceeding.

4.9 Listing of Common Stock. The Company will use its reasonable best efforts to
list the Shares for quotation on the NASDAQ Global Select Market and maintain the listing of the
Common Stock on the NASDAQ Global Select Market.

4.10 Use of Proceeds. The Company intends to use the net proceeds from the sale of
the Shares hereunder for the purpose of increasing working capital, to provide capital to the Bank
to support its anticipated organic growth, to support potential future acquisitions of branches or
whole banks, including possible acquisitions of failed financial institutions in FDIC-assisted
transactions, to redeem all or a portion of the Company’s shares of preferred stock and warrant
issued to the U.S. Treasury, and for general corporate purposes.

4.11 Limitation on Beneficial Ownership. No Purchaser (and its Affiliates or any
other Persons with which it is acting in concert) will be entitled to purchase a number of Shares
that would result in such Purchaser becoming, directly or indirectly, the beneficial owner (as
determined under Rule 13d-3 under the Exchange Act) of more than 9.9% of the number of shares of
Common Stock issued and outstanding (based on the number of outstanding shares as of the Closing
Date).

 

29

 

4.12 Certain Transactions. The Company will not merge or consolidate into, or sell,
transfer or lease all or substantially all of its property or assets to, any other party unless
the successor, transferee or lessee party, as the case may be (if not the Company), expressly
assumes the due and punctual performance and observance of each and every covenant and condition
of this Agreement to be performed and observed by the Company.

4.13 No Change of Control. The Company shall use reasonable best efforts to obtain
all necessary irrevocable waivers, adopt any required amendments and make all appropriate
determinations so that the issuance of the Shares to the Purchasers will not trigger a “change of
control” or other similar provision in any of the agreements to which the Company or any of its
Subsidiaries is a party, including without limitation any employment, “change in control,”
severance or other agreements and any benefit plan, which results in payments to the counterparty
or the acceleration of vesting of benefits.

4.14 No Additional Issuances. Between the date of this Agreement and the Closing
Date, except for the issuance of shares of Common Stock issuable as of the date hereof as set
forth in Schedule 3.1(g) and the Shares being issued pursuant to this Agreement, the Company shall
not issue or agree to issue any additional shares of Common Stock or other securities which
provide the holder thereof the right to convert such securities into, or acquire, shares of Common
Stock.

4.15 Preemptive Rights.

(a) If, at any time during a period of six months commencing on the Closing Date, the Company
offers to sell Covered Securities (as defined below) in a public or private offering of Covered
Securities for cash (a “Qualified Offering”), each Purchaser shall be afforded the opportunity to
acquire from the Company, for the same price and on the same terms as such Covered Securities are
offered, in the aggregate up to the amount of Covered Securities required to enable it to maintain
its Qualified Purchaser Percentage Interest (measured immediately prior to such offering).
“Qualified Purchaser Percentage Interest” means, as of any date of determination, the percentage
equal to (i) the number of shares of Common Stock then held by such Purchaser as of the date of
determination, divided by (ii) the total number of outstanding shares of Common Stock as of such
date. “Covered Securities” means Common Stock and any rights, options or warrants to purchase or
securities convertible into or exercisable or exchangeable for Common Stock, other than securities
that are (A) issuable upon the exercise or conversion of any securities of the Company issued and
outstanding as of the date hereof; (B) issued by the Company pursuant to any employment contract,
employee incentive or benefit plan, stock purchase plan, stock ownership plan, stock option or
equity compensation plan or other similar plan approved by the Board where stock is being issued or
offered to a trust, other entity to or for the benefit of any employees, consultants, officers or
directors of the Company; or (C) issued by the Company as full or partial consideration for a
merger, acquisition, joint venture, or other similar non-capital-raising transaction.

 

30

 

(b) Prior to making any Qualified Offering of Covered Securities, the Company shall give each
Purchaser written notice of its intention to make such an offering, describing, to the extent then
known, the anticipated amount of securities, and other material terms then known to the Company
upon which the Company proposes to offer the same (such notice, a “Qualified Offering Notice”).
The Company shall deliver such notice only to the individuals identified on such Purchaser’s
signature page hereto, and shall not communicate the information to anyone else acting on behalf of
the Purchaser without the consent of one of the designated individuals. Each Purchaser shall then
have 10 days after receipt of the Qualified Offering Notice (the “Offer Period”) to notify the
Company in writing that it intends to exercise such preemptive right and as to the amount of
Covered Securities the Purchaser desires to purchase, up to the maximum amount calculated pursuant
to Section 4.15(a) (the “Designated Securities”). Such notice constitutes a non-binding indication
of interest of such Purchaser to purchase the amount of Designated Securities specified by such
Purchaser (or a proportionately lesser amount if the amount of Covered Securities to be offered in
such Qualified Offering is subsequently reduced) at the price (or range of prices) established in
the Qualified Offering and other terms set forth in the Company’s notice to it. The failure to
respond during the Offer Period constitutes a waiver of such Purchaser’s preemptive right in
respect of such offering. The sale of the Covered Securities in the Qualified Offering, including
any Designated Securities, shall be closed not later than 30 days after the end of the Offer
Period. The Covered Securities to be sold to other investors in such Qualified Offering shall be
sold at a price not less than, and upon terms no more favorable to such other investors than, those
specified in the Qualified Offering Notice. If the Company does not consummate the sale of Covered
Securities to other investors within such 30-day period, the right provided hereunder shall be
revived and such securities shall not be offered unless first reoffered to the Purchasers in
accordance herewith. Notwithstanding anything to the contrary set forth herein and unless
otherwise agreed by the Purchasers, by not later than the end of such 30-day period, the Company
shall either confirm in writing to the Purchasers that the Qualified Offering has been abandoned or
shall publicly disclose its intention to issue the Covered Securities in the Qualified Offering, in
either case in such a manner that the Purchasers will not be in possession of any material,
non-public information thereafter.

(c) If a Purchaser exercises its preemptive right provided in this Section 4.15 with respect
to a Qualified Offering, the Company shall offer and sell such Purchaser, if any such offering is
consummated, the Designated Securities (as adjusted, upward to reflect the actual size of such
offering when priced) at the same price as the Covered Securities are offered to third Persons (not
including the underwriters or the initial purchasers in a Rule 144A offering that is being
reoffered by the initial purchasers) in such offering and shall provide written notice of such
price upon the determination of such price.

(d) In addition to the pricing provision of Section 4.15(c), the Company will offer and sell
the Designated Securities to each Purchaser upon terms and conditions not less favorable than the
most favorable terms and conditions offered to other Persons in a Qualified Offering.

 

31

 

4.16 Avoidance of Control. Notwithstanding anything to the contrary in this
Agreement, neither the Company nor any Subsidiary shall take any action (including, without
limitation, any redemption, repurchase, or recapitalization of Common Stock, or securities or
rights, options or warrants to purchase Common Stock, or securities of any type whatsoever that
are, or may become, convertible into or exchangeable into or exercisable for Common Stock, in each
case, where each Purchaser is not given the right to participate in such redemption, repurchase or
recapitalization to the extent of such Purchaser’s pro rata proportion), that would cause (a) any
Purchaser’s (together with equity owned by such Purchaser’s Affiliates (as such term is used under
the BHC Act)) to exceed 33.3% of the Company’s total equity or (b) any Purchaser’s ownership of
any class of voting securities of the Company (together with the ownership by such Purchaser’s
Affiliates (as such term is used under the BHC Act) of voting securities of the Company) to exceed
9.9%, in each case without the prior written consent of such Purchaser, or to increase to an
amount that would constitute “control” under the BHC Act, the CIBC Act or any rules or regulations
promulgated thereunder (or any successor provisions) or otherwise cause such Purchaser to
“control” the Company under and for purposes of the BHC Act, the CIBC Act or any rules or
regulations promulgated thereunder (or any successor provisions). Notwithstanding anything to the
contrary in this Agreement, no Purchaser (together with its Affiliates (as such term is used under
the BHC Act)) shall have the ability to purchase more than 33.3% of the Company’s total equity or
exercise any voting rights of any class of securities in excess of 9.9% of the total outstanding
voting securities of the Company. In the event either the Company or a Purchaser breaches its
obligations under this Section 4.16 or believes that it is reasonably likely to breach such an
obligation, it shall promptly notify the other parties hereto and shall cooperate in good faith
with such parties to modify ownership or make other arrangements or take any other action, in each
case, as is necessary to cure or avoid such breach.

4.17 FDIC Final Statement of Policy on Qualifications for Failed Bank Acquisitions.
So long as any Purchaser holds any Shares, the Company will not, without the consent of such
Purchaser, take any action, directly or indirectly, through its Subsidiaries or otherwise, that
the Board believes in good faith would reasonably be expected to cause such Purchaser to be
subject to transfer restrictions or other covenants of the FDIC Final Statement of Policy on
Qualifications for Failed Bank Acquisitions as in effect at the time of taking such action.

ARTICLE V

CONDITIONS PRECEDENT TO CLOSING

5.1 Conditions Precedent to the Obligations of the Purchasers to Purchase Shares.
The obligation of each Purchaser to acquire Shares at the Closing is subject to the fulfillment to
such Purchaser’s satisfaction, on or prior to the Closing Date, of each of the following
conditions, any of which may be waived by such Purchaser (as to itself only):

(a) Representations and Warranties. The representations and warranties of the Company
contained herein shall be true and correct as of the date of this Agreement and as of the
Closing Date, as though made on and as of such date, except for such representations and
warranties that speak as of a specific date.

 

32

 

(b) Performance. The Company shall have performed, satisfied and complied in all
material respects with all covenants, agreements and conditions required by the Transaction
Documents to be performed, satisfied or complied with by it at or prior to the Closing.

(c) No Injunction. No statute, rule, regulation, executive order, decree, ruling or
injunction shall have been enacted, entered, promulgated or endorsed by any court or governmental
authority of competent jurisdiction that prohibits the consummation of any of the transactions
contemplated by the Transaction Documents.

(d) Consents. The Company shall have obtained in a timely fashion any and all
consents, permits, approvals, registrations and waivers necessary for consummation of the purchase
and sale of the Shares, all of which shall be and remain so long as necessary in full force and
effect.

(e) No Suspensions of Trading in Common Stock; Listing. The Common Stock (i) shall be
designated for listing and quotation on the Principal Trading Market and (ii) shall not have been
suspended, as of the Closing Date, by the Commission or the Principal Trading Market from trading
on the Principal Trading Market nor shall suspension by the Commission or the Principal Trading
Market have been threatened, as of the Closing Date, either (A) in writing by the Commission or the
Principal Trading Market or (B) by falling below the minimum listing maintenance requirements of
the Principal Trading Market. The Company shall have obtained approval of the Principal Trading
Market to list the Shares.

(f) Company Deliverables. The Company shall have delivered the Company Deliverables
in accordance with Section 2.2(a).

(g) Minimum Gross Proceeds. The Company shall receive at the Closing aggregate gross
proceeds from the sale of Shares of at least $14,411,653, at a price per share equal to the
Purchase Price, and shall simultaneously issue and deliver at the Closing to the Purchasers
hereunder an aggregate number of Shares equal to such gross proceeds divided by the Purchase Price.

(h) Termination. This Agreement shall not have been terminated as to such Purchaser
in accordance with Section 6.16 herein.

(i) Other Transactions. Following the date of this Agreement, the Company shall not
have agreed to enter into or entered into (i) any agreement or transaction in order to raise
capital, other than this Agreement, or (ii) any transaction in which the Company will merge or
consolidate into, or sell, transfer or lease all or substantially all of its property or assets to,
any other party.

 

33

 

(j) Material Adverse Effect. No Material Adverse Effect shall have occurred since the
date of this Agreement.

(k) Bank Regulatory Issues. The purchase of such Shares shall not cause such
Purchaser, together with any other Person whose securities of the Company would be aggregated with
such Purchaser’s securities of the Company for purposes of any bank regulation or law, to
collectively be deemed to own, control or have the power to vote securities which would represent
more than 9.9% of the voting securities of the Company outstanding at such time.

(l) No Burdensome Condition. In connection with the transactions contemplated hereby,
no Bank Regulatory Authority shall require the Purchaser or any of its Affiliates to agree to any
restriction or condition on such Purchaser or any of its Affiliates (other than such customary
restrictions as are described in any passivity or anti-association commitments, as may be amended
from time to time, entered into by such Purchaser) which Purchaser determines, in its reasonable
good faith judgment, is materially and unreasonably burdensome on such Purchaser (or any of its
Affiliates) (any such condition or restriction, a “Burdensome Condition”), and, for the avoidance
of doubt, any requirements to disclose the identities of limited partners, shareholders or members
of Purchaser or its Affiliates or its investment advisers, other than the identities of Affiliates
of such Purchaser, shall be deemed a Burdensome Condition unless otherwise determined by such
Purchaser in its sole discretion.

5.2 Conditions Precedent to the Obligations of the Company to sell Shares. The
Company’s obligation to sell and issue the Shares to each Purchaser at the Closing is subject to
the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the
following conditions, any of which may be waived by the Company:

(a) Representations and Warranties. The representations and warranties made by such
Purchaser in Section 3.2 hereof shall be true and correct as of the date when made, and as of the
Closing Date as though made on and as of such date, except for representations and warranties that
speak as of a specific date.

(b) Performance. Such Purchaser shall have performed, satisfied and complied in all
material respects with all covenants, agreements and conditions required by the Transaction
Documents to be performed, satisfied or complied with by such Purchaser at or prior to the Closing
Date.

(c) No Injunction. No statute, rule, regulation, executive order, decree, ruling or
injunction shall have been enacted, entered, promulgated or endorsed by any court or governmental
authority of competent jurisdiction that prohibits the consummation of any of the transactions
contemplated by the Transaction Documents.

(d) Purchasers Deliverables. Such Purchaser shall have delivered its Purchaser
Deliverables in accordance with Section 2.2(b).

(e) Termination. This Agreement shall not have been terminated as to such Purchaser
in accordance with Section 6.16 herein.

 

34

 

ARTICLE VI

MISCELLANEOUS

6.1 Fees and Expenses. The Company shall pay the reasonable legal fees and expenses
of Greenberg Traurig, LLP, counsel to certain Purchasers, incurred by such Purchasers in
connection with the transactions contemplated by the Transaction Documents, which amount shall be
equal to $10,000 and be paid directly by the Company at the Closing or paid by the Company to
Greenberg Traurig, LLP upon termination of this Agreement so long as such termination did not
occur as a result of a material breach by such Purchasers of any of their obligations hereunder
(as the case may be). Except as set forth elsewhere in the Transaction Documents, the parties
hereto shall be responsible for the payment of all expenses incurred by them in connection with
the preparation and negotiation of the Transaction Documents and the consummation of the
transactions contemplated hereby. The Company shall pay all amounts owed to the Financial Advisor
relating to or arising out of the transactions contemplated hereby. The Company shall pay all
Transfer Agent fees, stamp taxes and other taxes and duties levied in connection with the sale and
issuance of the Shares to the Purchasers.

6.2 Entire Agreement. The Transaction Documents, together with the exhibits and
schedules thereto, contain the entire understanding of the parties with respect to the subject
matter hereof and supersede all prior agreements, understandings, discussions and representations,
oral or written, with respect to such matters, which the parties acknowledge have been merged into
such documents, exhibits and schedules. At or after the Closing, and without further
consideration, the Company and the Purchasers will execute and deliver to the other such further
documents as may be reasonably requested in order to give practical effect to the intention of the
parties under the Transaction Documents.

6.3 Notices. Any and all notices or other communications or deliveries required or
permitted to be provided hereunder shall be in writing and shall be deemed given and effective on
the earliest of (a) the date of transmission, if such notice or communication is delivered via
facsimile (provided the sender receives a machine-generated confirmation of successful
transmission) at the facsimile number specified in this Section prior to 5:00 p.m., New York City
time, on a Trading Day, (b) the next Trading Day after the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile number specified in this Section on a
day that is not a Trading Day or later than 5:00 p.m., New York City time, on any Trading Day, (c)
the Trading Day following the date of mailing, if sent by U.S. nationally recognized overnight
courier service with next day delivery specified, or (d) upon actual receipt by the party to whom
such notice is required to be given. The address for such notices and communications shall be as
follows:

	 	 	 
	If to the Company:

	 	Fidelity Southern Corporation
	 

	 	3490 Piedmont Road, Suite 1550
	 

	 	Atlanta GA 30305
	 

	 	Attention: James B. Miller, Chairman
	 

	 	Telephone: (404) 639-6500
	 

	 	Fax: (404) 814-8060

 

35

 

	 	 	 
	With a copy to:

	 	Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C.
	 

	 	165 Madison Suite 2000
	 

	 	Memphis, TN 38103
	 

	 	Attention: Jackie Prester
	 

	 	Telephone: 901-577-8114
	 

	 	Fax: 901-577-0762
	 
	 	 
	If to a Purchaser:

	 	To the address set forth under such Purchaser’s name on the signature page hereof;

or such other address as may be designated in writing hereafter, in the same manner, by such
Person.

6.4 Amendments; Waivers; No Additional Consideration. No provision of this Agreement
may be waived or amended except in a written instrument signed, in the case of an amendment, by
the Company and each of the Purchasers or, in the case of a waiver, by the party against whom
enforcement of any such waiver is sought. No waiver of any default with respect to any provision,
condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future
or a waiver of any subsequent default or a waiver of any other provision, condition or requirement
hereof, nor shall any delay or omission of either party to exercise any right hereunder in any
manner impair the exercise of any such right. No consideration shall be offered or paid to any
Purchaser to amend or consent to a waiver or modification of any provision of any Transaction
Document unless the same consideration is also offered to all Purchasers who then hold Shares.

6.5 Construction. The headings herein are for convenience only, do not constitute a
part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof.
The language used in this Agreement will be deemed to be the language chosen by the parties to
express their mutual intent, and no rules of strict construction will be applied against any
party. This Agreement shall be construed as if drafted jointly by the parties, and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of
any provisions of this Agreement or any of the Transaction Documents.

6.6 Successors and Assigns. The provisions of this Agreement shall inure to the
benefit of and be binding upon the parties and their successors and permitted assigns. This
Agreement, or any rights or obligations hereunder, may not be assigned by the Company without the
prior written consent of the Purchasers. Any Purchaser may assign its rights hereunder in whole or
in part to any Person to whom such Purchaser assigns or transfers any Shares in compliance with
the Transaction Documents and applicable law, provided such
transferee shall agree in writing to be bound, with respect to the transferred Shares, by the
terms and conditions of this Agreement that apply to the “Purchasers”.

 

36

 

6.7 No Third-Party Beneficiaries. This Agreement is intended for the benefit of the
parties hereto and their respective successors and permitted assigns and is not for the benefit
of, nor may any provision hereof be enforced by, any other Person, other than Indemnified Persons.

6.8 Governing Law. All questions concerning the construction, validity, enforcement
and interpretation of this Agreement shall be governed by and construed and enforced in accordance
with the internal laws of the State of New York, without regard to the principles of conflicts of
law thereof. Each party hereto hereby irrevocably waives personal service of process and consents
to process being served in any such Proceeding by mailing a copy thereof via registered or
certified mail or overnight delivery (with evidence of delivery) to such party at the address in
effect for notices to it under this Agreement and agrees that such service shall constitute good
and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to
limit in any way any right to serve process in any manner permitted by law. EACH PARTY HERETO
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO
TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY.

6.9 Survival. Subject to applicable statute of limitations, the representations,
warranties, agreements and covenants contained herein shall survive the Closing and the delivery
of the Shares; provided that the representations and warranties of the Company shall survive the
Closing and the delivery of the Shares for a period of one year.

6.10 Execution. This Agreement may be executed in two or more counterparts, all of
which when taken together shall be considered one and the same agreement and shall become
effective when counterparts have been signed by each party and delivered to the other party, it
being understood that the parties need not sign the same counterpart. In the event that any
signature is delivered by facsimile transmission, or by e-mail delivery of a “.pdf” format data
file, such signature shall create a valid and binding obligation of the party executing (or on
whose behalf such signature is executed) with the same force and effect as if such facsimile
signature page were an original thereof.

6.11 Severability. If any provision of this Agreement is held to be invalid or
unenforceable in any respect, the validity and enforceability of the remaining terms and
provisions of this Agreement shall not in any way be affected or impaired thereby and the parties
will attempt to agree upon a valid and enforceable provision that is a reasonable substitute
therefor, and upon so agreeing, shall incorporate such substitute provision in this Agreement.

 

37

 

6.12 Replacement of Shares. If any certificate or instrument evidencing any Shares
is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange
and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new
certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the
Company and the Transfer Agent of such loss, theft or destruction and the execution by the holder
thereof of a customary lost certificate affidavit of that fact and an agreement to indemnify and
hold harmless the Company and the Transfer Agent for any losses in connection therewith or, if
required by the Transfer Agent, a bond in such form and amount as is required by the Transfer
Agent. The applicants for a new certificate or instrument under such circumstances shall also pay
any reasonable third-party costs associated with the issuance of such replacement Shares. If a
replacement certificate or instrument evidencing any Shares is requested due to a mutilation
thereof, the Company may require delivery of such mutilated certificate or instrument as a
condition precedent to any issuance of a replacement.

6.13 Remedies. In addition to being entitled to exercise all rights provided herein
or granted by law, including recovery of damages, each of the Purchasers and the Company will be
entitled to specific performance under the Transaction Documents. The parties agree that monetary
damages may not be adequate compensation for any loss incurred by reason of any breach of
obligations described in the foregoing sentence and hereby agree to waive in any action for
specific performance of any such obligation (other than in connection with any action for a
temporary restraining order) the defense that a remedy at law would be adequate.

6.14 Payment Set Aside. To the extent that the Company makes a payment or payments
to any Purchaser pursuant to any Transaction Document or a Purchaser enforces or exercises its
rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or
any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set
aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored
to the Company, a trustee, receiver or any other Person under any law (including, without
limitation, any bankruptcy law, state or federal law, common law or equitable cause of action),
then to the extent of any such restoration the obligation or part thereof originally intended to
be satisfied shall be revived and continued in full force and effect as if such payment had not
been made or such enforcement or setoff had not occurred.

 

38

 

6.15 Independent Nature of Purchasers’ Obligations and Rights. The obligations of
each Purchaser under any Transaction Document are several and not joint with the obligations of
any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the
obligations of any other Purchaser under any Transaction Document. The decision of each Purchaser
to purchase Shares pursuant to the Transaction Documents has been made by such Purchaser
independently of any other Purchaser and independently of any information, materials, statements
or opinions as to the business, affairs, operations, assets, properties, liabilities, results of
operations, condition (financial or otherwise) or prospects of the Company or any Subsidiary which
may have been made or given by any other Purchaser or by any agent or employee of any other
Purchaser, and no Purchaser and none of its agents or employees shall have any liability to any
other Purchaser (or any other Person) relating to or arising from any
such information, materials, statements or opinions. Nothing contained herein or in any
other Transaction Document, and no action taken by any Purchaser pursuant hereto or thereto, shall
be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any
other kind of entity, or create a presumption that the Purchasers are in any way acting in concert
or as a group with respect to such obligations or the transactions contemplated by the Transaction
Documents. Each Purchaser acknowledges that no other Purchaser has acted as agent for such
Purchaser in connection with making its investment hereunder and that no Purchaser will be acting
as agent of such Purchaser in connection with monitoring its investment in the Shares or enforcing
its rights under the Transaction Documents. Each Purchaser shall be entitled to independently
protect and enforce its rights, including without limitation the rights arising out of this
Agreement or out of the other Transaction Documents, and it shall not be necessary for any other
Purchaser to be joined as an additional party in any Proceeding for such purpose. It is expressly
understood and agreed that each provision contained in this Agreement is between the Company and a
Purchaser, solely, and not between the Company and the Purchasers collectively and not between and
among the Purchasers.

6.16 Termination. This Agreement may be terminated and the sale and purchase of the
Shares abandoned at any time prior to the Closing by either the Company or any Purchaser (with
respect to itself only) upon written notice to the other, if the Closing has not been consummated
on or prior to 5:00 p.m., New York City time, on the Outside Date; provided, however, that the
right to terminate this Agreement under this Section 6.16 shall not be available to any Person
whose failure to comply with its obligations under this Agreement has been the cause of or
resulted in the failure of the Closing to occur on or before such time. The Company shall give
prompt notice of any such termination to each other Purchaser, and, as necessary, work in good
faith to restructure the transaction to allow each Purchaser that does not exercise a termination
right to purchase the full number of securities set forth below such Purchaser’s name on the
signature page of this Agreement while remaining in compliance with Section 4.11 and Section 4.16.
Nothing in this Section 6.16 shall be deemed to release any party from any liability for any
breach by such party of the terms and provisions of this Agreement or the other Transaction
Documents or to impair the right of any party to compel specific performance by any other party of
its obligations under this Agreement or the other Transaction Documents. In the event of a
termination pursuant to this Section, the Company shall promptly notify all non-terminating
Purchasers. Upon a termination in accordance with this Section, the Company and the terminating
Purchaser(s) shall not have any further obligation or liability (including arising from such
termination) to the other, and no Purchaser will have any liability to any other Purchaser under
the Transaction Documents as a result therefrom.

 

39

 

6.17 Rescission and Withdrawal Right. Notwithstanding anything to the contrary
contained in (and without limiting any similar provisions of) the Transaction Documents, whenever
any Purchaser exercises a right, election, demand or option under a Transaction Document and the
Company does not timely perform its related obligations within the periods therein provided, then
such Purchaser may rescind or withdraw, in its sole discretion from time to time upon written
notice to the Company, any relevant notice, demand or election in whole or in part without
prejudice to its future actions and rights.

6.18 Adjustments in Common Stock Numbers and Prices. In the event of any stock split,
subdivision, dividend or distribution payable in shares of Common Stock (or other securities or
rights convertible into, or entitling the holder thereof to receive directly or indirectly shares
of Common Stock), combination or other similar recapitalization or event occurring after the date
hereof and prior to the Closing, each reference in any Transaction Document to a number of shares
or a price per share shall be deemed to be amended to appropriately account for such event.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

[SIGNATURE PAGE FOR COMPANY FOLLOWS]

 

40

 

IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be
duly executed by their respective authorized signatories as of the date first indicated above.

	 	 	 	 	 
	 	FIDELITY SOUTHERN CORPORATION

 	 
	 	By:  	/s/ Stephen H. Brolly
 	 
	 	 	Name:  	Stephen H. Brolly 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

[SIGNATURE PAGES FOR PURCHASERS FOLLOW]

[Signature Page to Securities Purchase Agreement]

 

 

 

	 	 	 	 	 
	 	NAME OF PURCHASER:

                                        

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 	 	 
	 	 	Aggregate Purchase Price (Subscription Amount): $                    	 	 
	 
	 	 	 	 	 	 
	 	 	Number of Shares to be Acquired:                                         	 	 
	 
	 	 	 	 	 	 
	 

	 	Tax ID No.:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notice:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Telephone No.:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Facsimile No.:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	E-mail Address:
	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Attention:	 	 	 	 
	 

	 	 	 	 

	 	 

Delivery Instructions:

(if different than above)

	 	 	 	 	 
	c/o

	 	 

	 	 
	 
	 	 	 	 
	Street:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	City/State/Zip:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	Attention:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	Telephone No.: 
	 	 	 	 
	 

	 	 

	 	 

[Signature Page to Securities Purchase Agreement]

 

 

 

EXHIBITS

	 	 	 
	A:

	 	Form of Registration Rights Agreement
	 
	 	 
	B-1:

	 	Accredited Investor Questionnaire
	 
	 	 
	B-2:

	 	Stock Certificate Questionnaire
	 
	 	 
	C:

	 	Form of Opinion of Company Counsel
	 
	 	 
	D:

	 	Form of Secretary’s Certificate
	 
	 	 
	E:

	 	Form of Officer’s Certificate

 

 

 

EXHIBIT A

Form of Registration Rights Agreement

 

Exhibit A | Page 1

 

EXHIBIT B-1

ACCREDITED INVESTOR QUESTIONNAIRE

(ALL INFORMATION WILL BE TREATED CONFIDENTIALLY)

To: Fidelity Southern Corporation

This Investor Questionnaire (“Questionnaire”) must be completed by each potential investor in
connection with the offer and sale of shares of common stock, no par value per share (the
“Shares”), of Fidelity Southern Corporation, a Georgia corporation (the “Company”). The Shares are
being offered and sold by the Company without registration under the Securities Act of 1933, as
amended (the “Act”), and the securities laws of certain states, in reliance on the exemptions
contained in Section 4(2) of the Act and on Regulation D promulgated thereunder and in reliance on
similar exemptions under applicable state laws. The Company must determine that a potential
investor meets certain suitability requirements before offering or selling Shares to such investor.
The purpose of this Questionnaire is to assure the Company that each investor will meet the
applicable suitability requirements. The information supplied by you will be used in determining
whether you meet such criteria, and reliance upon the private offering exemptions from registration
is based in part on the information herein supplied.

This Questionnaire does not constitute an offer to sell or a solicitation of an offer to buy
any security. Your answers will be kept strictly confidential. However, by signing this
Questionnaire, you will be authorizing the Company to provide a completed copy of this
Questionnaire to such parties as the Company deems appropriate in order to ensure that the offer
and sale of the Shares will not result in a violation of the Act or the securities laws of any
state and that you otherwise satisfy the suitability standards applicable to purchasers of the
Shares. All potential investors must answer all applicable questions and complete, date and sign
this Questionnaire. Please print or type your responses and attach additional sheets of paper if
necessary to complete your answers to any item.

			
	PART A.	 	BACKGROUND INFORMATION

	 	 	 
	Name of Beneficial Owner of the Shares:
	 	 
	 

	 	 

	 	 	 
	Business Address:
	 	 
	 

	 	 
	 

	 	(Number and Street)

	 	 	 	 	 
	 
	(City)
	 	(State)
	 	(Zip Code)

	 	 	 
	Telephone Number:
(_____)
	 	 
	 

	 	 

 

Exhibit B-1 | Page 1

 

If a corporation, partnership, limited liability company, trust or other entity:

	 	 	 
	Type of entity:
	 	 
	 

	 	 

Were you formed for the purpose of investing in the securities being offered?

Yes o                    No o

If an individual:

	 	 	 
	Residence Address:
	 	 
	 

	 	 
	 

	 	(Number and Street)

	 	 	 	 	 
	 
	(City)
	 	(State)
	 	(Zip Code)

	 	 	 
	Telephone Number:
(_____)
	 	 
	 

	 	 

	 	 	 	 	 
	Age:                     
	 	Citizenship:                     
	 	Where registered to vote:                     

If an individual, set forth in the space provided below the state in the United States in which you
maintain your residence:

If an entity, set forth in the space provided below the state in the United States in which you
made your investment decision:

Are you a director or executive officer of the Company?

Yes o                     No o

	 	 	 
	Social Security or Taxpayer Identification No.
	 	 
	 

	 	 

			
	PART B.	 	ACCREDITED INVESTOR QUESTIONNAIRE

In order for the Company to offer and sell the Shares in conformance with state and federal
securities laws, the following information must be obtained regarding your investor status. Please
initial each category applicable to you as a Purchaser of Shares.

	 	____(1)	 	A bank as defined in Section 3(a)(2) of the Securities Act, or any savings
and loan association or other institution as defined in Section 3(a)(5)(A) of the
Securities Act whether acting in its individual or fiduciary capacity;
	 
	         	____(2)	 	A broker or dealer registered pursuant to Section 15 of the Securities
Exchange Act of 1934;

 

Exhibit B-1 | Page 2

 

	 	____(3)	 	An insurance company as defined in Section 2(13) of the Securities Act;
	 
	 	____(4)	 	An investment company registered under the Investment Company Act of 1940
or a business development company as defined in Section 2(a)(48) of that Act;
	 
	 	____(5)	 	A Small Business Investment Company licensed by the U.S. Small Business
Administration under Section 301(c) or (d) of the Small Business Investment Act of
1958;
	 
	 	____(6)	 	A plan established and maintained by a state, its political subdivisions,
or any agency or instrumentality of a state or its political subdivisions, for the
benefit of its employees, if such plan has total assets in excess of $5,000,000;
	 
	 	____(7)	 	An employee benefit plan within the meaning of the Employee Retirement
Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as
defined in Section 3(21) of such act, which is either a bank, savings and loan
association, insurance company, or registered investment adviser, or if the employee
benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with
investment decisions made solely by persons that are accredited investors;
	 
	 	____(8)	 	A private business development company as defined in Section 202(a)(22) of
the Investment Advisers Act of 1940;
	 
	 	____(9)	 	An organization described in Section 501(c)(3) of the Internal Revenue
Code, a corporation, Massachusetts or similar business trust, or partnership, not
formed for the specific purpose of acquiring the Shares, with total assets in excess of
$5,000,000;
	 
	 	____(10)	 	A trust, with total assets in excess of $5,000,000, not formed for the
specific purpose of acquiring the Shares, whose purchase is directed by a sophisticated
person who has such knowledge and experience in financial and business matters that
such person is capable of evaluating the merits and risks of investing in the Company;

 

Exhibit B-1 | Page 3

 

	 	____(11)	 	A natural person whose individual net worth, or joint net worth with that
person’s spouse, at the time of his purchase exceeds $1,000,000, excluding the value of
the primary residence of such natural person;
	 
	 	____(12)	 	A natural person who had an individual income in excess of $200,000 in
each of the two most recent years, or joint income with that person’s spouse in excess
of $300,000, in each of those years, and has a reasonable expectation of reaching the
same income level in the current year;
	 
	 	____(13)	 	An executive officer or director of the Company;
	 
	 	____(14)	 	An entity in which all of the equity owners qualify under any of the above
subparagraphs. If the undersigned belongs to this investor category only, list the
equity owners of the undersigned, and the investor category which each such equity
owner satisfies.

 

Exhibit B-1 | Page 4

 

	A.	 	FOR EXECUTION BY AN INDIVIDUAL:

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By	 	 	 	 
	 

Date

	 	 	 	 	 	 

	 	 
	 

	 	 	 	Print Name:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 

	B.	 	FOR EXECUTION BY AN ENTITY:

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Entity Name:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By	 	 	 	 
	 

Date

	 	 	 	 	 	 

	 	 
	 

	 	 	 	Print Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

	C.	 	ADDITIONAL SIGNATURES (if required by partnership, corporation or trust
document):

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Entity Name:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By	 	 	 	 
	 

Date

	 	 	 	 	 	 

	 	 
	 

	 	 	 	Print Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Entity Name:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By	 	 	 	 
	 

Date

	 	 	 	 	 	 

	 	 
	 

	 	 	 	Print Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

 

Exhibit B-1 | Page 5

 

EXHIBIT B-2

Stock Certificate Questionnaire

Pursuant to Section 2.2(b) of the Agreement, please provide us with the following information:

	 	 	 	 	 
	1. The exact name that the Shares are to be registered in (this is the
name that will appear on the stock certificate(s)). You may use a
nominee name if appropriate:
	 	 	                                        	 
	2. The relationship between the Purchaser of the Shares and the
Registered Holder listed in response to Item 1 above:
	 	 	                                        	 
	3. The mailing address, telephone and telecopy number of the Registered
Holder listed in response to Item 1 above:
	 	 	                                        	 
	 
	 	 	                                        	 
	 
	 	 	                                        	 
	 
	 	 	                                        	 
	 
	 	 	                                        	 
	4. The Tax Identification Number (or, if an individual, the Social
Security Number) of the Registered Holder listed in response to Item 1
above:
	 	 	                                        	 

 

Exhibit B-2 | Page 1

 

EXHIBIT C

Form of Opinion of Company Counsel*

	1.	 	The Company is validly existing as a corporation in good standing under the laws of the
State of Georgia.

	2.	 	The Company has the corporate power and authority to (i) execute and deliver and to
perform its obligations under the Transaction Documents, including, without limitation, to
issue the Shares under the Purchase Agreement and (ii) own, lease and operate its
properties and to conduct its business as presently conducted and as described in the SEC
Reports.

	3.	 	The Company is a registered bank holding company under the Bank Holding Company Act of
1956, as amended.

	4.	 	The deposit accounts of the Bank are insured by the Federal Deposit Insurance
Corporation under the provisions of the Federal Deposit Insurance Act.

	5.	 	Each of the Transaction Documents has been duly authorized, executed and delivered by
the Company and, assuming due authorization, execution and delivery by the Purchasers (to
the extent they are a party), each of the Transaction Documents constitutes a valid and
binding agreement of the Company, enforceable against the Company in accordance with its
terms.

	6.	 	The execution and delivery by the Company of each of the Transaction Documents and the
performance by the Company of its obligations under such agreements, including its issuance
and sale of the Shares, do not and will not: (a) require any consent, approval, license or
exemption by, order or authorization of, or filing, recording or registration by the
Company with any federal or state governmental authority, except (1) as may be required by
federal securities laws with respect to the Company’s obligations under the Registration
Rights Agreement, (2) the filing of Form D pursuant to Regulation D and (3) the filings
required in accordance with Sections 4.6 and 4.9 of the Purchase Agreement, (b) violate any
federal or state statute, rule or regulation, or any rule or regulation of the NASDAQ
Global Select Market, or any court order, judgment or decree, if any, listed in Exhibit
A hereto, which Exhibit lists all court orders, judgments and decrees that the Company
has certified to us are applicable to it, (c) result in any violation of the Amended and
Restated Articles of Incorporation, as amended, or Bylaws, as amended, of the Company or
(c) result in a breach of, or constitute a default under, any Material Contract listed as
an Exhibit to the Company’s Form 10K filed for the fiscal year ended December 31, 2010.

 

Exhibit C | Page 1

 

	7.	 	Assuming the accuracy of the representations, warranties and compliance with the
covenants and agreements of the Purchasers and the Company contained in the Purchase
Agreement, it is not necessary, in connection with the offer, sale and delivery of the
Shares to the Purchasers to register the Shares under the Securities Act.

	8.	 	The Shares being delivered to the Purchasers pursuant to the Purchase Agreement have
been duly and validly authorized and, when issued, delivered and paid for as contemplated
in the Purchase Agreement, will be duly and validly issued, fully paid and non-assessable,
and free of any preemptive right or similar rights contained in (i) the Company’s Amended
and Restated Articles
of Incorporation, as amended, or By-laws, as amended, or (ii) any Material Contract listed
as an Exhibit to the Company’s Form 10K filed for the fiscal year ended December 31, 2010.

	 	 	 
	*	 	The opinion letter of Company Counsel will be subject to customary limitations and carveouts.

 

Exhibit C | Page 2

 

EXHIBIT D

Form of Secretary’s Certificate

The undersigned hereby certifies that he is the duly elected, qualified and acting Secretary
of Fidelity Southern Corporation, a Georgia corporation (the “Company”), and that as such he is
authorized to execute and deliver this certificate in the name and on behalf of the Company and in
connection with the Securities Purchase Agreement, dated as of May
[_____], 2011, by and among the
Company and the investors party thereto (the “Purchase Agreement”), and further certifies in his
official capacity, in the name and on behalf of the Company, the items set forth below.
Capitalized terms used but not otherwise defined herein shall have the meaning set forth in the
Purchase Agreement.

	1.	 	Attached hereto as Exhibit A is a true, correct and complete copy of the resolutions
duly adopted by the Board of Directors of the Company at a meeting held on
 _____, 2011, which
represent all of the resolutions approving the transactions contemplated by the Purchase
Agreement and the issuance of the Shares. Such resolutions have not in any way been amended,
modified, revoked or rescinded, have been in full force and effect since their adoption to and
including the date hereof and are now in full force and effect.

	2.	 	Attached hereto as Exhibit B is a true, correct and complete copy of the Amended and
Restated Articles of Incorporation of the Company, together with any and all amendments
thereto currently in effect, and no action has been taken to further amend, modify or repeal
such Certificate of Incorporation, the same being in full force and effect in the attached
form as of the date hereof.

	3.	 	Attached hereto as Exhibit C is a true, correct and complete copy of the Bylaws of
the Company and any and all amendments thereto currently in effect, and no action has been
taken to further amend, modify or repeal such Bylaws, the same being in full force and effect
in the attached form as of the date hereof.

	4.	 	Each person listed below has been duly elected or appointed to the position(s) indicated
opposite his name and is duly authorized to sign the Purchase Agreement and each of the other
Transaction Documents on behalf of the Company, and the signature appearing opposite such
person’s name below is such person’s genuine signature.

	 	 	 	 	 
	Name	 	Position	 	Signature
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 

 

Exhibit D | Page 1

 

IN WITNESS WHEREOF, the undersigned has hereunto set his hand as of this
 _____ 

day of                     , 2011.

	 	 	 	 	 
	 

	 	 

[                    ]
	 	 
	 

	 	Secretary	 	 

I, [                                        ], Chief [                    ]
Officer of the Company, hereby certify that [                    ]
is the duly elected, qualified and acting Secretary of the Company and that the signature set forth
above is his true signature.

	 	 	 	 	 
	 

	 	 

[                    ]
	 	 
	 

	 	Chief [                    ] Officer	 	 

 

Exhibit D | Page 2

 

EXHIBIT E

Form of Officer’s Certificate

The undersigned, the [                                        ] of Fidelity Southern Corporation, a Georgia corporation
(the “Company”), pursuant to Section 2.2(a)(vi) of the Securities Purchase Agreement, dated as of
May [                    ], 2011, by and among the Company and the investors signatory thereto (the “Securities
Purchase Agreement”), hereby represent, warrant and certify as follows (capitalized terms used but
not otherwise defined herein shall have the meaning set forth in the Securities Purchase
Agreement):

1. The representations and warranties of the Company contained in the Securities Purchase
Agreement are true and correct as of the date when made and as of the Closing Date, as though made
on and as of such date, except for such representations and warranties that speak as of a specific
date.

2. The Company has performed, satisfied and complied in all material respects with all
covenants, agreements and conditions required by the Transaction Documents to be performed,
satisfied or complied with by it at or prior to the Closing.

IN WITNESS WHEREOF, the undersigned have executed this certificate this
 _____ 

day of
                                        , 2011.

	 	 	 	 	 
	 

	 	 

[                    ]
	 	 
	 

	 	[                    ]	 	 
	 
	 	 	 	 
	 

	 	 

[                    ]
	 	 
	 

	 	[                    ]	 	 

 

Exhibit E | Page 1

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