Exhibit 10.G

THIS COMMON SECURITIES CERTIFICATE

IS NOT TRANSFERABLE EXCEPT IN

COMPLIANCE WITH APPLICABLE LAW AND

SECTION 5.11 OF THE TRUST AGREEMENT

 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY APPLICABLE STATE OR OTHER
JURISDICTION’S SECURITIES OR BLUE SKY LAWS, AND NO SUCH SECURITIES NOR ANY
INTEREST THEREIN MAY BE OFFERED SOLD, TRANSFERRED, ASSIGNED, PLEDGED,
HYPOTHECATED OR DISPOSED OF ABSENT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OR SUCH OTHER APPLICABLE SECURITIES OR BLUE SKY LAWS COVERING
SUCH SECURITIES OR SUCH TRANSFER IS MADE IN ACCORDANCE WITH AN AVAILABLE
EXEMPTION UNDER THE SECURITIES ACT AND ANY APPLICABLE OTHER SECURITIES OR BLUE
SKY LAWS, AND THE DEPOSITOR RECEIVES AN OPINION OF COUNSEL FROM THE HOLDER OF
THESE SECURITIES REASONABLY SATISFACTORY TO THE DEPOSITOR STATING THAT SUCH
SALE, TRANSFER, ASSIGNMENT, PLEDGE, HYPOTHECATION, OR DISPOSITION IS EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF SUCH SECURITIES ACT AND ANY OTHER APPLICABLE
SECURITIES OR BLUE SKY LAWS.

 

THIS SECURITY IS NOT A DEPOSIT OR AN OBLIGATION OF A DEPOSITORY INSTITUTION, IS
NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY
OTHER GOVERNMENT AGENCY, AND IS NOT SECURED.

 

Certificate Number

  Aggregate Liquidation Amount

-C-1-

  $217,000.00

 

Auburn National Bancorporation Capital Trust I

 

Floating Rate Common Securities

(Liquidation Amount — $1,000.00 per Common Security)

 

Auburn National Bancorporation Capital Trust I, a statutory trust created under
the laws of the State of Delaware (the “Issuer Trust”), hereby certifies that
Auburn National Bancorporation, Inc. (the “Holder”) is the registered owner of
Two Hundred Seventeen (217) common securities of the Issuer Trust representing
undivided beneficial interests in the assets of the Issuer Trust and designated
as the Auburn National

 

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Bancorporation Capital Trust I Floating Rate Common Securities (Liquidation
Amount $1,000.00 per common security) (the “Common Securities”). Except in
accordance with Section 5.11 of the Trust Agreement (as defined below), the
Common Securities are not transferable and, to the fullest extent permitted by
law, any attempted transfer hereof other than in accordance therewith shall be
void. The designations, rights, privileges, restrictions, preferences and other
terms and provisions of the Common Securities are set forth in, and this
Certificate and the Common Securities represented hereby are issued and shall in
all respects be subject to the terms and provisions of, the Amended and Restated
Trust Agreement of the Issuer Trust, dated as of November 4, 2003, as the same
may be amended from time to time (the “Trust Agreement”) among Auburn National
Bancorporation, Inc., as Depositor, Wilmington Trust Company, as Property
Trustee, Wilmington Trust Company, as Delaware Trustee, the Administrators named
therein and the Holders of Trust Securities, including the designation of the
terms of the Common Securities as set forth therein. The Issuer Trust will
furnish a copy of the Trust Agreement to the Holder without charge upon written
request to the Issuer Trust at its principal place of business or registered
office.

 

Upon receipt of this Certificate, the Holder is bound by the Trust Agreement and
is entitled to the benefits thereunder.

 

Capitalized terms used but not defined herein have the meanings assigned to them
in the Trust Agreement.

 

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IN WITNESS WHEREOF, one of the Administrators of the Issuer Trust has executed
this Common Securities Certificate this 4th day of November, 2003.

 

AUBURN NATIONAL

BANCORPORATION CAPITAL TRUST I

By:   /s/ E.L. Spencer, Jr.  

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Name: E.L. Spencer, Jr.

Title: Administrator

 

 

AUTHENTICATED:

 

WILMINGTON TRUST COMPANY,

as Property Trustee

By:   /s/ Chris Slaybaugh  

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Authorized Signatory

 

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