EX-3
from SC 13D
6 pages
A. Security Interest. for Good and Valuable Consideration, the Receipt and Adequacy of Which Are Hereby Acknowledged, Pledgor/Debtor (Hereinafter Referred to as “Pledgor,” Whether One or More) Pledges, Assigns and Grants to Bank a Security Interest and Lien in the Collateral (Hereinafter Defined) to Secure the Payment and the Performance of the Obligations (Hereinafter Defined). B. Collateral. the Security Interest Is Granted in the Following Collateral (The “Collateral”): 1. 291,000 Shares of the Outstanding Common Stock of Independent Bank Group, Inc. (“Ibg”), a Portion of Which Shall Be Delivered to Bank Promptly Upon the Merger of Ibg and Independent Bank Group Central Texas, in Accordance With the Trust Receipt of Even Date Herewith. 2. Reserved
12/34/56