2,800,000 SHARES COMMON STOCK PACIFIC MERCANTILE BANCORP UNDERWRITING AGREEMENTUnderwriting Agreement • November 18th, 2003 • Pacific Mercantile Bancorp • National commercial banks • California
Pacific Mercantile Bancorp, a California corporation (the “Company”) proposes to sell to the several underwriters (the “Underwriters”) named in Schedule I hereto for whom you are acting as representative (the “Representative”), an aggregate of shares (the “Firm Shares”) of the Company’s common stock, without par value (“Common Stock”). The respective number of the Firm Shares to be so purchased by the several Underwriters are set forth opposite their names in Schedule I hereto. The Company also proposes to grant to the Representative an option to purchase in aggregate up to additional shares of Common Stock, identical to the Firm Shares (the “Option Shares”), as set forth below.
