Company: CFBK
Filing Date: 2025-01-21
Form Type: S-3/A
Source: 0001193125-25-009427
Chunk: 11

Company: CF BANKSHARES INC.
Filing Date: 2025-01-21
Form: S-3/A
Chunk 11
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 Securities Purchase Agreement, for so long as Castle Creek Capital Partners VII, L.P. (“Castle Creek”), together with its affiliates, owns in the aggregate at least 4.9% of the outstanding shares of Common Stock, Castle Creek will be entitled to have one representative appointed to the boards of directors of the Company and CFBank, subject to the satisfaction of legal and regulatory requirements, or to designate one representative to attend the meetings of such boards of directors in a non-voting, non-participating observercapacity. Sundeep Rana currently serves as a director of the Company and CFBank as the Castle Creek director representative pursuant to the Securities Purchase Agreement. In addition, pursuant to the terms of the Securities Purchase Agreement, for so long as any of the Selling Securityholders or other purchasers under the Securities Purchase Agreement (collectively, the “Purchasers”), together with its affiliates and any persons who share a common discretionary investment advisor with such Purchaser, owns at least 4.9% of the outstanding shares of Common Stock, such Purchaser will be entitled to certain preemptive rights if the Company makes any public or nonpublic offering or sale of any equity or any securities, options or debt that is convertible or exchangeable into equity or that includes any equity component, 6

except for certain specified issuances of securities as equity compensation for employees, officers or directors of the Company or as full or partial consideration for certain non-financing transactions. In the event of such offering or sale, such Purchaser would have the right to acquire from the Company for the same price (net of any underwriting discounts or sales
commissions) and on the same terms as such securities are being offered or sold up to the amount of new securities in the aggregate required to enable such Purchaser to maintain its proportionate Common Stock equivalent interest in the Company
immediately prior to any such issuance of such new securities.

The foregoing description of the Securities Purchase Agreement does not
purport to be complete and is qualified in its entirety by reference to the full text of the Securities Purchase Agreement, a copy of which is included as Exhibit 10.1 of the Current Report on Form 8-K filed
with the SEC on October 31, 2019, and incorporated by reference herein.

Registration Rights Agreement

In connection with the closing of the Private Placement, the Company and certain of the Purchasers, including each of the Selling
Securityholders, entered into a Registration Rights Agreement (the “Registration Rights Agreement”) under which the Company agreed