SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • April 27th, 2010 • Capitol Bancorp LTD • National commercial banks • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of April 23, 2010, between Capitol Bancorp Ltd., a Michigan corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
CONFIDENTIALPlacement Agent Agreement • April 27th, 2010 • Capitol Bancorp LTD • National commercial banks • New York
COMMON STOCK PURCHASE WARRANT CAPITOL BANCORP LTD.Common Stock Purchase Warrant • April 27th, 2010 • Capitol Bancorp LTD • National commercial banks
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the three (3) year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Capitol Bancorp Ltd., a Michigan corporation (the “Company”), up to ______ shares (the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
