AGREEMENT AND PLAN OF MERGER By And Among FIRST RELIANCE BANCSHARES, INC., FR MERGER SUBSIDIARY, INC. and INDEPENDENCE BANCSHARES, INC. Dated as of September 25, 2017Agreement and Plan of Merger • September 26th, 2017 • Independence Bancshares, Inc. • National commercial banks • South Carolina
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of September 25, 2017, is by and among First Reliance Bancshares, Inc., a South Carolina corporation (“Parent”), FR Merger Subsidiary, Inc. (“Merger Sub”) and Independence Bancshares, Inc., a South Carolina corporation (“Independence”). Except as otherwise set forth herein, capitalized and certain other terms used herein shall have the meanings set forth in Section 10.1 of this Agreement.
THIRD AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • September 26th, 2017 • Independence Bancshares, Inc. • National commercial banks
This third amendment (this “Third Amendment”) is effective as of the 25th day of September, 2017, by and among Independence Bancshares, Inc., a South Carolina corporation (the “Company”), Independence National Bank, (the “Bank”), a national bank and wholly owned subsidiary of the Company (the Company and the Bank are collectively referred to herein as the “Employer”), and Lawrence R. Miller, an individual resident of South Carolina (the “Executive”). This Agreement amends that certain Amended and Restated Employment Agreement between the Employer and the Executive, dated as of December 10, 2008, as amended by that certain Amendment to the Amended and Restated Employment Agreement between the Employer and the Executive, dated as of December 31, 2012, and as further amended by that certain Second Amendment to the Amended and Restated Employment Agreement between the Employer and the Executive, dated as of December 15, 2016.
