Investment Banking Group Suite 410 Richmond, VA 23219 October 29, 2010 (804) 649-0990 (Fax)New Peoples Bankshares Inc • March 29th, 2012 • State commercial banks • Virginia
Scott & Stringfellow, LLC (“S&S”) is pleased to set forth in this letter (the “Agreement”) the terms of the exclusive engagement by New Peoples Bankshares, Inc. (the “Company”) of S&S related to providing financial advisory and investment banking services in connection with certain strategic assessments and transactions, which may include an offering of the Company’s common stock to investors (the “Offering”), the terms of which are discussed herein. It is intended that the Offering will initially consist of a private placement of such common stock with qualified investors identified by the Company (“Company Investors”) and other qualified investors identified by S&S (“S&S Investors”) with priority in the case of over-subscription given to Company Investors In the event that insufficient subscriptions are obtained from the private placement process, the Company may elect to offer pursuant to this Agreement additional common stock in a public offering, including a rights offering to exi
SUBSCRIPTION AGENT AGREEMENTSubscription Agent Agreement • March 29th, 2012 • New Peoples Bankshares Inc • State commercial banks • New Jersey
THIS SUBSCRIPTION AGENT AGREEMENT (“Agreement”) between New Peoples Bankshares, Inc. (the “Company”), and Registrar and Transfer Company, a New Jersey corporation (the “Agent”), is dated as of , 2012.
