SECURITIES PURCHASE AND OPTION AGREEMENTSecurities Purchase and Option Agreement • November 30th, 2006 • National Mercantile Bancorp • State commercial banks • Minnesota
This SECURITIES PURCHASE AND OPTION AGREEMENT (this “Agreement”) is entered into as of the 19th day of December, 2005 (the “Effective Date”), by and among SCOTT A. MONTGOMERY, an individual and resident of the State of California (“Montgomery”), ELAINE B. MONTGOMERY, an individual and resident of the State of California (“E. Montgomery”), THE MONTGOMERY LIVING TRUST DATED SEPTEMBER 28, 2000 (the “Trust”; and, together with Montgomery and E. Montgomery, the “Sellers” and each, individually, a “Seller”), JAMES O. POHLAD, an individual and resident of the State of Minnesota (“JOP”), ROBERT C. POHLAD, an individual and resident of the State of Minnesota (“RCP”), and WILLIAM M. POHLAD, an individual and resident of the State of Minnesota (“WMP”; and, together with JOP and RCP, the “Purchasers” and each, individually, a “Purchaser”).
November 21, 2006 Scott and Elaine Montgomery Montgomery Living TrustSecurities Purchase and Option Agreement • November 30th, 2006 • National Mercantile Bancorp • State commercial banks
