ContractPlumas Bancorp • May 10th, 2013 • Short-term business credit institutions • Illinois
THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT COVERING SUCH SHARES UNDER THE ACT AND ANY REQUIRED QUALIFICATION UNDER APPLICABLE STATE AND FOREIGN LAW OR AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY THAT THE TRANSACTION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS UNDER THE ACT AND THE QUALIFICATION REQUIREMENTS UNDER APPLICABLE STATE AND FOREIGN LAW.
SUBORDINATED DEBENTURE PURCHASE AGREEMENTSubordinated Debenture Purchase Agreement • May 10th, 2013 • Plumas Bancorp • Short-term business credit institutions • Illinois
THIS SUBORDINATED DEBENTURE PURCHASE AGREEMENT (this “Agreement”) is dated as of April 15, 2013, and is made by and between PLUMAS BANCORP, a California corporation (“Borrower”), and COMMUNITY BANCAPITAL, L.P., a Delaware limited partnership (“Lender”).
SUBORDINATED DEBENTURE THIS OBLIGATION IS NOT A DEPOSIT AND IT IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY FEDERAL AGENCY.Plumas Bancorp • May 10th, 2013 • Short-term business credit institutions • Illinois
FOR VALUE RECEIVED, the undersigned, PLUMAS BANCORP, a California corporation with its headquarters located at 35 South Lindan Avenue, Quincy, California 95971 (“Borrower”), hereby promises to pay to the order of Community BanCapital, L.P., a Delaware limited partnership with its main office located at 50 East Washington Street, Suite 400, Chicago, Illinois 60602 (“Lender”), the principal sum of SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($7,500,000), or so much thereof that has been advanced and remains outstanding, and to pay interest thereon, at the office of Lender located at 50 East Washington Street, Suite 400, Chicago, Illinois 60602, or such other place as Lender may designate, on the terms and subject to the conditions stated in this Subordinated Debenture. This Subordinated Debenture is issued in accordance with, and shall be governed by the terms of, that certain Subordinated Debenture Purchase Agreement of even date herewith entered into between Borrower and Lender (the “P
