SUBSCRIPTION AGREEMENT Coastal Bancshares Acquisition Corp. April 5, 2006Subscription Agreement • May 12th, 2006 • Coastal Bancshares Acquisition Corp. • National commercial banks • Delaware
The undersigned (the “Subscriber”) understands that Coastal Bancshares Acquisition Corp., a Delaware corporation (the “Company”), is offering for sale to the Subscriber shares of its common stock, par value $0.01 per share (the “Shares”). This offer is being made in connection with and as a condition to that certain Agreement and Plan of Merger (the “Merger Agreement”), dated as of April 5, 2006, by and between the Company, Coastal Merger Corp., a Texas corporation (the “Merger Sub”), and Intercontinental Bank Shares Corporation, a Texas corporation (“Intercontinental”), pursuant to which the Merger Sub will merge with and into Intercontinental and Intercontinental will be the surviving corporation and a wholly-owned subsidiary of the Company (the “Merger”). Terms with their initial letter capitalized and not otherwise defined herein shall have the meanings given them in the Merger Agreement. The Subscriber acknowledges that it is not acting on the basis of any representations or warra
EMPLOYMENT AGREEMENTEmployment Agreement • May 12th, 2006 • Coastal Bancshares Acquisition Corp. • National commercial banks • Texas
This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of this 5th day of April, 2006, by and among Intercontinental National Bank, a national bank chartered under the laws of the United States (the “Bank”), Intercontinental Bank Shares Corporation, a Texas corporation (the “Company”), Coastal Bancshares Acquisition Corp., a Delaware corporation (“Coastal”), and Richard E. Burciaga, a resident of Texas (the “Executive”).
EMPLOYMENT AGREEMENTEmployment Agreement • May 12th, 2006 • Coastal Bancshares Acquisition Corp. • National commercial banks • Texas
This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of this 5th day of April, 2006, by and between Intercontinental National Bank, a national bank chartered under the laws of the United States (the “Bank”), Intercontinental Bank Shares Corporation, a Texas corporation (the “Company”), and Steven J. Pritchard, a resident of Texas (the “Executive”).
