SEC Contract Filing

Filing Date: 2016-05-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>d191247dex102.htm
<DESCRIPTION>FORM OF VOTING AGREEMENT BY AND AMONG FBC BANCORP, INC.
<TEXT>
<HTML><HEAD>
<TITLE>Form of Voting Agreement by and among FBC Bancorp, Inc.</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>VOTING AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS
VOTING AGREEMENT (this &#147;<B>Agreement</B>&#148;), dated as of May 9, 2016, is made and entered into between the undersigned shareholder (&#147;<B>Shareholder</B>&#148;) of FBC Bancorp, Inc., a Florida corporation (the
&#147;<B>Company</B>&#148;), and Sunshine Bancorp, Inc., a Maryland corporation (&#147;<B>Buyer</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, concurrently with or
following the execution of this Agreement, the Company, Buyer, Florida Bank of Commerce, a Florida state bank and wholly-owned subsidiary of Company (&#147;<B>Company Bank</B>&#148;), and Sunshine Bank, a Federal savings bank and a wholly-owned
subsidiary of Buyer (&#147;<B>Buyer Bank</B>&#148;), have entered, or will enter, into an Agreement and Plan of Merger (as the same may be amended from time to time, the &#147;<B>Merger Agreement</B>&#148;), providing for, among other things, the
merger (the &#147;<B>Merger</B>&#148;) of Company into Buyer and Company Bank into Buyer Bank; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, as a condition to its willingness
to enter into the Merger Agreement, Buyer has required that Shareholder execute and deliver this Agreement; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, in order to
induce Buyer to enter into the Merger Agreement, Shareholder is willing to make certain representations, warranties, covenants and agreements with respect to the shares of common stock, par value $5.00 per share, of the Company (&#147;<B>Company
Common Stock</B>&#148;) beneficially owned by Shareholder and set forth below Shareholder&#146;s signature on the signature page hereto (the &#147;<B>Original Shares</B>&#148; and, together with any additional shares of Company Common Stock pursuant
to Section 6 hereof, the &#147;<B>Shares</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.<U></U></TD>
<TD ALIGN="left" VALIGN="top"><U>Definitions</U>. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For purposes of this Agreement, capitalized terms used and not defined
herein shall have the respective meanings ascribed to them in the Merger Agreement. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"><U>Representations of Shareholder</U>. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Shareholder represents and warrants to Buyer that: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) (i) Shareholder owns beneficially (as such term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, referred
to as the &#147;<B>Exchange Act</B>&#148;) all of the Original Shares, and (ii) except pursuant hereto, there are no options, warrants or other rights, agreements, arrangements or commitments of any character to which Shareholder is a party relating
to the pledge, disposition or voting of any of the Original Shares and there are no voting trusts or voting agreements with respect to the Original Shares. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Shareholder does not beneficially own any shares of Company Common Stock other than (i) the
Original Shares and (ii) any options, warrants or other rights to acquire any additional shares of Company Common Stock or any security exercisable for or convertible into shares of Company Common Stock, set forth on the signature page of this
Agreement (collectively, &#147;<B>Options</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Shareholder has full legal capacity (and, if applicable, corporate power and
authority) to enter into, execute and deliver this Agreement and to perform fully Shareholder&#146;s obligations hereunder. This Agreement has been duly and validly executed and delivered by Shareholder and constitutes the legal, valid and binding
obligation of Shareholder, enforceable against Shareholder in accordance with its terms, except in each case as enforcement may be limited general principles of equity, whether applied in a court of law or c