STOCK PURCHASE AGREEMENT dated as of May 26, 2011 between HUB INTERNATIONAL MIDWEST LIMITED and FIRST FINANCIAL HOLDINGS, INC.Stock Purchase Agreement • May 27th, 2011 • First Financial Holdings Inc /De/ • Savings institution, federally chartered • New York
Page ARTICLE 1 DEFINITIONS 1 Section 1.1. Certain Defined Terms 1 Section 1.2. Cross References 11 ARTICLE 2 PURCHASE PRICE; CLOSING 12 Section 2.1. Acquisition of the Shares 12 Section 2.2. Purchase Price 12 Section 2.3. Payment of Preliminary Purchase Price 12 Section 2.4. Working Capital Adjustment. 12 Section 2.5. Closing 15 Section 2.6. Closing Deliveries of Seller 15 Section 2.7. Closing Deliveries of Purchaser 17 Section 2.8. Withholding 18 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF SELLER REGARDING THE COMPANY AND THE SUBSIDIARIES 18 Section 3.1. Organization 18 Section 3.2. Organizational Documents and Corporate Records 18 Section 3.3. No Conflicts; Required Consents. 18 Section 3.4. Capitalization. 19 Section 3.5. Subsidiaries and Investments. 20 Section 3.6. Financial Statements. 20 Section 3.7. No Undisclosed Liabilities; Indebtedness and Liens. 21 Section 3.8. Absence of Certain Changes 21 Section 3.9. Material Contracts. 22 Section 3.10. Legal Proceedings 23 Section 3.11
