FORM OF CNB HOLDINGS, INC. SUBSCRIPTION AGREEMENT FOR RECORD DATE SECURITY HOLDERS OF CNB HOLDINGS, INC. AND FIRST CAPITAL BANCORP, INC.Subscription Agreement • January 12th, 2004 • CNB Holdings Inc /Ga/ • National commercial banks • Georgia
You have informed the undersigned that CNB Holdings, Inc., a Georgia corporation (the “Company”), is offering a minimum of 750,000 shares and a maximum of 1,000,000 shares of its common stock, par value $1.00 per share (the “Shares”), at a price of $12.00 per share. As described in the Company’s Prospectus, dated , 2004 (the “Prospectus”), each holder of securities of the Company or securities of First Capital Bancorp, Inc., a Georgia corporation (“First Capital), including holders of outstanding shares of common stock, outstanding options to acquire shares of common stock, and debentures convertible into shares of common stock, as of a record date of , 2004, is entitled to purchase one Share for every 4.113 shares of Company’s common stock (on a fully diluted basis) that such security holder is expected to own following the merger of First Capital with and into the Company, as described in the Prospectus (the “Merger”). You have informed the undersigned that this right to subscribe fo
