EXHIBIT P CONSENT TO ASSIGNMENT AND NOVATION Each of the undersigned is a party to that certain Common Stock Purchase Agreement, dated as of February 13, 2001, by and among First Southern Bancorp, Inc., a Kentucky corporation ("First Southern"), Larry...
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EXHIBIT P
CONSENT TO ASSIGNMENT AND NOVATION
Each of the undersigned is a party to that certain Common Stock
Purchase Agreement, dated as of February 13, 2001, by and among First Southern
Bancorp, Inc., a Kentucky corporation ("First Southern"), Xxxxx X. Xxxxxx and
the other individuals and entities identified therein (the "Purchase
Agreement"), regarding the purchase of certain shares of common stock (the
"Shares") of United Trust Group, Inc., an Illinois corporation ("United").
First Southern desires to transfer any and all of its right, title and
interest in and to the Purchase Agreement to United, and United desires to
assume any and all of First Southern's obligations under the Purchase Agreement,
including without limitation First Southern's obligation to purchase the Shares
and pay the purchase price therefor, including the issuance of the Notes (as
defined in the Purchase Agreement) (the "Assignment"). By signing herein below,
each of the undersigned hereby consents to the Assignment, releases First
Southern from any liability or obligation under the Purchase Agreement, and
acknowledges that the purchase price of the Shares to be sold pursuant to the
Purchase Agreement shall be paid by United as set forth in the Purchase
Agreement (including without limitation the issuance of Notes of United).
This Consent to Assignment and Novation may be executed in any number
of counterparts, all of which together shall constitute one and the same
instrument.
Agreed and Accepted this 6th day of April, 2001.
/S/ XXXXX X. XXXXXX
XXXXX X. XXXXXX
/S/ XXXXXXX X. XXXXXX
XXXXXXX X. XXXXXX
ILLINOIS NATIONAL BANK,
Successor Trustee of the Xxxxx
Xxxxxxxx Xxxx Irrevocable Trust
Under Agreement dated December
30, 1987
By:/S/ XXXXXXX XXXXXX
Its:SENIOR VICE PRESIDENT &
TRUST OFFICER
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ILLINOIS NATIONAL BANK,
Successor Trustee of the Xxxxx
Xxxxx Xxxxxx Irrevocable Trust
Under Agreement dated December
30, 1987
By:/S/ XXXXXXX XXXXXX
Its:SENIOR VICE PRESIDENT &
TRUST OFFICER
ILLINOIS NATIONAL BANK,
Successor Trustee of the Xxxxx
Xxxx Xxxxxx Irrevocable Trust
Under Agreement dated December
30, 1987
By:/S/ XXXXXXX XXXXXX
Its:SENIOR VICE PRESIDENT &
TRUST OFFICER
XXXXXXX X. XXXXXX - IRA
By /S/ XXXXXXX X. XXXXXX XXX
Its:___________________________
/S/ XXXXX XXXXXXXX XXXX
XXXXX XXXXXXXX XXXX
/S/ XXXXX XXXX XXXXXX
XXXXX XXXX XXXXXX
/S/ XXXXX XXXXX XXXXXX
XXXXX XXXXX XXXXXX
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/S/ XXXXXXX X. XXXXXX
XXXXXXX X. XXXXXX, Custodian
for Xxxxx Xxxx Xxxx UGMA IL
/S/ XXXXX X. XXXXXX
XXXXX X. XXXXXX, Custodian for
Xxxxx Xxxx Xxxx UGMA IL
/S/ XXXXXX X. XXXX
XXXXXX X. XXXX
/S/ XXXXXX X. XXXXX
XXXXXX X. XXXXX
/S/ XXXXXXX X. XXXXXX
XXXXXXX X. XXXXXX
/S/ XXXXX X. XXXXXX
XXXXX X. XXXXXX
/S/ XXXXXXX X. XXXXXX
XXXXXXX X. XXXXXX, Custodian for
Xxxxx X. Xxxxxx UGMA IL
/S/ XXXXXXX X. XXXXXX
XXXXXXX X. XXXXXX,
Custodian for Xxxx Xxxxxx UGMA IL
/S/ XXXX X. XXXXXXXX
XXXX X. XXXXXXXX
/S/ XXXXXXX X. XXXXXX
XXXXXXX X. XXXXXX, Custodian for
Xxxxxx Xxx Xxxxxx UGMA IL
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/S/ XXXXX X. XXXXXX
XXXXX X. XXXXXX, as the
"Seller's Agent"
/S/ Xxxxxxx X. Xxxxxx (Grandparent)
/S/ XXXXX XXXX XXXX
XXXXX XXXX XXXX, as "Beneficiary"
/S/ XXXXXXX XXXXXX, FATHER
XXXXX X. XXXXXX, as "Beneficiary"
/S/ XXXXXXX XXXXXX, FATHER
XXXX XXXXXX, as "Beneficiary"
/S/ XXXXXXX XXXXXX, FATHER
XXXXXX XXX XXXXXX, as
"Beneficiary"
