INDEPENDENCE BANCSHARES, INC. STOCK WARRANT AGREEMENT May 16, 2005Independence Bancshares, Inc. • August 9th, 2005 • National commercial banks
Independence Bancshares, Inc. (the “Company”), a South Carolina corporation and the holding company for Independence National Bank (the “Bank”), hereby grants to the person identified above as the Warrant Holder warrants (the “Warrants”) to purchase the number of shares set forth above in consideration of his expertise and continuing involvement in the management of the Company and the Bank. Such Warrants are granted on the following terms and conditions:
