Document:

AMENDMENT NUMBER FOUR TO THE

SALARY CONTINUATION AGREEMENT

 

This AMENDMENT NUMBER FOUR TO THE SALARY
CONTINUATION AGREEMENT (“Amendment”) is made and entered into this 26th day of July, 2012 by and between
SOUTHERN COMMUNITY BANK AND TRUST (the “Bank”) and James C. Monroe, Jr. (the “Executive”).
The effectiveness of this Amendment is subject to the consummation (the “Closing”) of the transactions contemplated
by the Agreement and Plan of Merger by and among the Company, Capital Bank Financial Corp. (the “Purchaser”) and
Winston 23 Corporation (“Merger Sub”), dated March 26, 2012 (the “Merger Agreement”), and if the Closing
does not occur because the Merger Agreement is terminated, this Amendment shall not become effective and will be of no force or
effect.

 

WHEREAS, the Executive is currently
employed with the Bank and is party to the Salary Continuation Agreement, dated as of June 29, 2007, as amended (the “Salary
Continuation Agreement”);

 

WHEREAS, the amendment of the Salary
Continuation Agreement is required in order to comply with Section 7.2(g) of the Merger Agreement;

 

WHEREAS, Section 7.1 of the Salary
Continuation Agreement provides that the Salary Continuation Agreement may be modified by the mutual written consent of both the
Bank and the Executive;

 

WHEREAS, as a predicate to the entering
into of the Merger Agreement by Purchaser and Merger Sub and a condition to the Closing, in order to preserve the value and goodwill
of the Company and the Bank, the Merger Agreement contemplates, among other things, that the Executive shall enter into this Amendment,
which shall become effective upon the Closing;

 

WHEREAS, within fifteen days of executing
this Amendment, the Bank shall pay the Executive one hundred dollars ($100), less applicable withholdings, in connection with his
execution of this Amendment (the “Amendment Bonus”); and

 

WHEREAS, the parties to the Salary
Continuation Agreement desire to amend the Salary Continuation Agreement as provided in this Amendment.

 

NOW, THEREFORE, in consideration
of the Amendment Bonus, the mutual covenants and agreements set forth below and other good and valuable consideration, including
the payment of the Merger Consideration (as defined in the Merger Agreement) in connection with the Closing with respect to shares
of Company common stock, stock options and restricted stock held by the Executive, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree that the Salary Continuation Agreement shall be amended as follows:

 

		1.	Section 2.4(a) of the Salary Continuation Agreement
is hereby amended to read as follows:

 

“Amount of benefit: The benefit under
this Section 2.4 shall equal $149,609.”

 

		2.	Section 2.4(b) of the Salary Continuation Agreement
is hereby amended to read as follows:

 

“Payment of benefit: The Bank shall,
subject to the execution and nonrevocation of a waiver and release in the form provided by the Bank within three (3) days of the
Change in Control, pay the Change-in-Control benefit under Section 2.4 of this Agreement to the Executive in a lump sum on the
tenth (10th) day immediately following the Change in Control. If the Executive receives the benefit under this Section
2.4 because of the occurrence of a Change in Control, the Executive shall not be entitled to claim additional benefits under this
Agreement.”

 

    	 

    	 

    
 

 

		3.	Section 9.3 of the Salary Continuation Agreement is
hereby amended to read as follows:

 

“9.3 Article
9 Survives Termination. The rights and obligations set forth in this Article 9 shall survive termination of this Agreement and
of the Executive employment for any reason.  However, the portions of Section 9.1 of this
Employment Agreement relating to competition (and not to non-solicitation of customers, which shall survive) shall become null
and void upon any Separation from Service following a Change in Control.”

 

4.            The Company, the Bank nor any of their
respective affiliates shall be required to incur any additional compensation expense in connection with this Amendment due to the
application of Section 409A of the Internal Revenue Code of 1986, as amended.

 

5.            This Amendment may be executed in
counterparts, each of which shall be an original, with the same effect as if the signatures affixed thereto were upon the same
instrument.

 

6.            The parties to this Amendment have
read this Amendment, understand it and voluntarily accept its terms. The Executive acknowledges that: (i) this Amendment is executed
voluntarily and without any duress or undue influence on the part or behalf of the Company, the Bank or any of their respective
affiliates; (ii) this entire Amendment is written in a manner calculated to be understood by him; (iii) he has been advised by
the Bank to seek the advice of legal counsel before entering into this Amendment; (iv) the Executive has been provided with a reasonable
period of time to consider the terms and conditions of this Amendment; (v) the Executive is fully aware of the legal and binding
effect of this Amendment; and (vi) to the extent he executes this Amendment before he does so knowingly and voluntarily and only
after consulting his attorney or affirmatively waiving his right to consult with his attorney. In addition, the Executive acknowledges
and agrees that he has had the assistance of counsel of his choosing in the negotiation of this Amendment, including with respect
to tax matters, or he has chosen not to have the assistance of counsel.

 

6.            This Amendment shall be governed by
and construed in accordance with the laws of the State of North Carolina.

 

7.            Except
with respect to Sections 2.4 and 9 of the Salary Continuation Agreement (each as amended hereby), upon the Closing, the Salary
Continuation Agreement shall be terminated and be no longer of any force and effect and the Executive shall no longer have any
rights thereunder.

 

IN WITNESS WHEREOF, this Amendment
has been duly executed as of the day and year set forth above.

 

 

 

	Executive	 	Southern Community Financial Corporation
	 	 	 	 
	 	 	 	 
	 	 	 	 
	/s/ James C. Monroe, Jr.	 	By:	/s/ James Hastings
	James C. Monroe Jr. 	 	 	James HastingsExhibit 4.2

 

AMENDMENT NO. 2

TO

SHAREHOLDER RIGHTS AGREEMENT

 

 

This Amendment No.
2 (the “Amendment”) to Shareholder Rights Agreement (the “Rights Agreement”) is effective
as of July 27, 2012, between Albany Molecular Research, Inc., a Delaware corporation (the “Company”), and Computershare
Shareowner Services LLC, as Rights Agent (the “Rights Agent”).

 

WITNESSETH:

 

WHEREAS,
the Company is party to that certain Shareholder Rights Agreement, dated as of September 18, 2002 (the “Rights Agreement”),
with the Rights Agent (as successor to Mellon Investor Services LLC). All capitalized terms
used herein and not otherwise defined shall having the meanings ascribed to them in the Rights Agreement; 

 

WHEREAS, under the
circumstances set forth in Section 27 of the Rights Agreement, the Company may and the Rights Agent shall, if the Company so directs,
supplement or amend the Rights Agreement without the approval of any holders of certificates representing shares of Common Stock
of the Company; and

 

WHEREAS, the Company
now desires to amend the Rights Agreement as set forth in this Amendment and, pursuant to Section 27 of the Rights Agreement, the
Company hereby directs that the Rights Agreement should be amended as set forth in this Amendment.

 

NOW THEREFORE, in
consideration of the premises and the mutual agreements herein set forth, the parties hereto hereby agree as follows:

 

1.Amendment to Section 7(a).
Section 7(a) of the Rights Agreement is hereby amended and restated in its entirety to read as follows:

 

(a) Subject to Section 7(e) hereof,
the registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein)
in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election
to purchase and the certificate on the reverse side thereof duly executed, to the Rights Agent at the office or offices of the
Rights Agent designated for such purpose, together with payment of the aggregate Exercise Price for the total number of one ten-thousandths
of a share of Preferred Stock (or other securities, cash or other assets, as the case may be) as to which such surrendered Rights
are then exercised, at or prior to the earlier of (i) immediately prior to the effectiveness of the Shareholder Rights Agreement,
dated July 27, 2012, by and between the Company and Computershare Shareowner Services LLC, as Rights Agent (the "Final Expiration
Date"), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof or (iii) the time at which such Rights
are exchanged as provided in Section 24 hereof (the earlier of (i), (ii) or (iii) being herein referred to as the "Expiration
Date"). Except as set forth in Section 7(e) hereof and notwithstanding any other provision of this Agreement, any Person who
prior to the Distribution Date becomes a record holder of shares of Common Stock of the Company may exercise all of the rights
of a registered holder of a Right Certificate with respect to the Rights associated with such shares of Common Stock of the Company
in accordance with the provisions of this Agreement, as of the date such Person becomes a record holder of shares of Common Stock
of the Company.”

 

    	 

    	 	

    

 

2.Effectiveness. This Amendment
shall be deemed effective as of the date first above written, as if executed on such date. Except as expressly set forth herein,
this Amendment shall not by implication or otherwise alter, modify, amend or in any way affect any of the terms, conditions, obligations,
covenants or agreements contained in the Rights Agreement, all of which shall be otherwise unaffected.

 

3.Governing Law. This Amendment
shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed
in accordance with the laws of such state applicable to contracts to be made and performed entirely within such state; provided,
however, that all provisions regarding the rights, duties and obligations of the Rights Agent shall be governed by and construed
in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within the State
of New York, without regard to the principles or rules concerning conflicts of laws which might otherwise require application of
the substantive laws of another jurisdiction.

 

4.Counterparts. This Amendment may be executed
in any number of counterparts, which shall for all purposes be deemed an original, and all such counterparts together shall constitute
but one and the same instrument. Originally executed counterparts may be delivered by facsimile or similar means of electronic
transmission, including “PDF,” and any such delivery shall be valid for all purposes as delivery of a manual signature
and equally admissible in any legal proceedings to which any party is a party.

 

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IN WITNESS WHEREOF, the parties hereto
have caused this Amendment to be duly executed as of the day and year first above written.

 

 

	 	ALBANY MOLECULAR RESEARCH, INC.
	 	 
	 	By: 	/s/ Mark T. Frost
	 	 	Name: Mark T. Frost
 Title: Senior Vice President,
Administration, Chief Financial officer and Treasurer

 

	 	 COMPUTERSHARE SHAREOWNER SERVICES, LLC, AS RIGHTS AGENT
	 	 
	 	By: 	/s/ John Boryczki
	 	 	Name: John Boryczki
 Title: Relationship Manager

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