EXHIBIT 10.18
PRIVILEGED AND CONFIDENTIAL
RIGHTS AGREEMENT
BETWEEN
ABC BANCORP
AND
SUNTRUST BANK, AS RIGHTS AGENT
DATED AS OF FEBRUARY 17, 1998
TABLE OF CONTENTS
PAGE
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Section 1. Certain Definitions.................................................. 1
Section 2. Appointment of Rights Agent.......................................... 8
Section 3. Issuance of Right Certificates....................................... 9
Section 4. Form of Right Certificates........................................... 12
Section 5. Countersignature and Registration.................................... 13
Section 6. Transfer, Split Up, Combination and Exchange of Right Certificates;
Mutilated, Destroyed, Lost or Stolen Right Certificates............. 14
Section 7. Exercise of Rights; Purchase Price; Expiration Date of Rights........ 15
Section 8. Cancellation and Destruction of Right Certificates................... 18
Section 9. Reservation and Availability of Preferred Shares..................... 18
Section 10. Preferred Shares Record Date......................................... 19
Section 11. Adjustment of Purchase Price, Number of Shares or Number of
Rights.............................................................. 20
Section 12. Certificate of Adjusted Purchase Price or Number of Shares........... 33
Section 13. Consolidation, Merger or Sale or Transfer of Assets or Earning
Power............................................................... 34
Section 14. Fractional Rights and Fractional Shares.............................. 36
Section 15. Rights of Action..................................................... 38
Section 16. Agreement of Right Holders....................................