SECURITIES PURCHASE AGREEMENT dated as of May [ ], 2010 by and among HAMPTON ROADS BANKSHARES, INC. and THE PURCHASERS SIGNATORY HERETOSecurities Purchase Agreement • May 27th, 2010 • Hampton Roads Bankshares Inc • National commercial banks • New York
SECURITIES PURCHASE AGREEMENT, dated as of May 24, 2010 (this “Agreement”), by and among Hampton Roads Bankshares, Inc., a Virginia corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser”, and collectively, the “Purchasers”).
INVESTMENT AGREEMENT dated as of May 23, 2010 by and among HAMPTON ROADS BANKSHARES, INC., CARLYLE GLOBAL FINANCIAL SERVICES PARTNERS, L.P. and ACMO-HR, L.L.C.Investment Agreement • May 27th, 2010 • Hampton Roads Bankshares Inc • National commercial banks • New York
Page Article I Purchase; Closing 8 1.1. Issuance, Sale and Purchase 8 1.2. Closing; Closing Deliverables; Closing Conditions 9 Article II Representations and Warranties 14 2.1. Certain Terms 14 2.2. Representations and Warranties of the Company 16 2.3. Representations and Warranties of Anchor Investors 35 Article III Covenants 38 3.1. Conduct of Business Prior to Closing 38 3.2. No Shop. 40 3.3. Access; Reports; Confidentiality 40 3.4. Filings; Other Actions 41 3.5. Governance Matters 44 3.6. Avoidance of Control 46 3.7. Notice of Certain Events 46 3.8. Commercially Reasonable Efforts 47 3.9. Preemptive Rights 47 3.10. Most Favored Nation 49 3.11. Transfer Taxes 49 3.12. Legend 50 3.13. Continued Listing Authorization 51 3.14. Registration Rights 51 3.15. Certain Other Transactions 66 3.16. Articles of Amendment 67 3.17. Exchange Offers 67 3.18. Rights Offering 67 Article IV Termination 69 4.1. Termination 69 4.2. Effects of Termination 70 Article V INDEMNITY 70 5.1. Indemnification by
