FIRST AMENDMENT TO THE SECURITIES PURCHASE AGREEMENTThe Securities Purchase Agreement • February 22nd, 2010 • Cascade Bancorp • State commercial banks • New York
This First Amendment to the Securities Purchase Agreement (the “First Amendment”) is entered into effective as of February 16, 2010, by and among Cascade Bancorp, an Oregon corporation, (the “Company”), David F. Bolger, in his individual capacity (the “Investor”), Two-Forty Associates, a Pennsylvania limited partnership, the David F. Bolger 2008 Grantor Retained Annuity Trust, a Florida irrevocable trust, and the David F. Bolger 2008 Nongrantor Charitable Lead Annuity Trust, a Florida charitable annuity trust, and amends that certain Securities Purchase Agreement, dated October 29, 2009 (the “Agreement”), between the Company and Investor. All capitalized terms not defined herein shall have the meaning ascribed to such term in the Agreement.
