This Agreement and Plan of Merger involves
Title: FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER
Industry: SandLs/Savings Banks Sector: Financial
AGREEMENT AND PLAN OF MERGER
This FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER (this “ First Amendment ”) is entered into as of the 6th day of June, 2016, by and between First Mid-Illinois Bancshares, Inc., a Delaware corporation (“ Parent ”), and First Clover Leaf Financial Corp., a Maryland corporation (the “ Company ”).
WHEREAS , Parent and the Company are parties to that certain Agreement and Plan of Merger, dated as of April 26, 2016 (the “ Agreement ”), pursuant to the terms of which the Company will merge with and into Parent;
WHEREAS , Section 9.6 of the Agreement prohibits any modifications or amendments to the Agreement other than by written agreement of Parent and the Company; and
WHEREAS , the Parent and the Company desire to amend the Agreement as herein provided.
NOW , THEREFORE , in consideration of the premises, the mutual covenants hereinafter contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, subject to the terms and conditions set forth herein, Parent and the Company hereby agree as follows:
1. General . The Agreement is amended, as of the date on which Parent and the Company execute this First Amendment, by adding, deleting or otherwise modifying the provisions of the Agreement as noted herein. This First Amendment is part of the Agreement. All other provisions of the Agreement remain intact and by signing below, each of Parent and the Company reaffirms its agreement to be bound by the terms and conditions of the Agreement (as hereby amended by this First Amendment). Capitalized terms used but not defined in this First Amendment shall have the same meanings ascribed to such terms in the Agreement.
2. Amendment . The first sentence of Section 5.1(c) of