COMMUNITY BANCSHARES, INC.2004 Nonqualified Stock Option Agreement • May 17th, 2004 • Community Bancshares Inc /De/ • State commercial banks
THIS AGREEMENT is made and entered into as of January 27, 2004, between grantor Community Bancshares, Inc., a Delaware corporation (the “Corporation”) and grantee, Kerri C. Kinney (the “Grantee”).
ContractCommunity Bancshares Inc /De/ • May 17th, 2004 • State commercial banks • Alabama
THIS WARRANT, AND THE SECURITIES FOR WHICH THIS WARRANT MAY BE EXERCISED, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES, OR “BLUE SKY,” LAWS OF ANY STATE OR OTHER DOMESTIC OR FOREIGN JURISDICTION. THIS WARRANT HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION AND RESALE AND NEITHER THIS WARRANT NOR ANY INTEREST HEREIN, OR IN THE SECURITIES FOR WHICH THIS WARRANT MAY BE EXERCISED, MAY BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO A REGISTRATION STATEMENT IN EFFECT UNDER THE SECURITIES ACT AND OTHER APPLICABLE LAWS OR A WRITTEN OPINION OF COUNSEL REASONABLY SATISFACTORY TO COMMUNITY BANCSHARES, INC. THAT SUCH REGISTRATION IS NOT REQUIRED AND THAT AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE FOR SUCH TRANSACTIONS UNDER THE SECURITIES ACT AND OTHER APPLICABLE LAWS.
CANCELLATION OF NONQUALIFIED STOCK OPTION AGREEMENTCancellation of Nonqualified Stock Option Agreement • May 17th, 2004 • Community Bancshares Inc /De/ • State commercial banks
WHEREAS, the undersigned individual (“Grantee”) and Community Bancshares, Inc. (the “Corporation”) entered into a Nonqualified Stock Option Agreement dated as of January 27, 2004 (the “Agreement”); and
FORM OF INVESTOR OPTION AGREEMENTNontransferable Option Agreement • May 17th, 2004 • Community Bancshares Inc /De/ • State commercial banks • Alabama
THIS OPTION AGREEMENT (this “Agreement”) is dated as of , and is entered into by and between Community Bancshares, Inc., a Delaware corporation (the “Company”), and the Holder named above (the “Holder,” and, together with the Company, the “Parties”)). The option (“Option”) represented by this Agreement is being granted to the Holder in consideration of, and as an inducement to, the Holder’s purchase of shares (such shares, the “Shares”) of the Company’s common stock, par value $0.10 per share (the “Common Stock”), pursuant to the terms of a Subscription Agreement, dated as of the date hereof, by and between the Parties (the “Subscription Agreement”), at a total purchase price equal to the total purchase price set forth above (the “Purchase Price”).
