Document:

exv4w4

 

Exhibit 4.4

THE REGISTERED HOLDER OF THIS UNIT PURCHASE OPTION BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL
NOT SELL, TRANSFER OR ASSIGN THIS UNIT PURCHASE OPTION, EXCEPT AS HEREIN PROVIDED, AND THE
REGISTERED HOLDER OF THIS UNIT PURCHASE OPTION AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN,
PLEDGE OR HYPOTHECATE THIS UNIT PURCHASE OPTION FOR A PERIOD OF 180 DAYS FOLLOWING THE EFFECTIVE
DATE (AS DEFINED BELOW) TO ANYONE OTHER THAN (A) AN
UNDERWRITER OR A SELECTED DEALER IN CONNECTION WITH THE OFFERING, OR (B) A BONA FIDE OFFICER OR
PARTNER OF ANY SUCH UNDERWRITER OR SELECTED DEALER.

THIS UNIT PURCHASE OPTION IS NOT EXERCISABLE PRIOR TO THE LATER OF THE CONSUMMATION BY COMMUNITY
BANKERS ACQUISITION CORP. (THE “COMPANY”) OF A MERGER, CAPITAL STOCK EXCHANGE, ASSET ACQUISITION OR
OTHER SIMILAR BUSINESS COMBINATION (THE “BUSINESS COMBINATION”) (AS DESCRIBED MORE FULLY IN THE
COMPANY’S REGISTRATION STATEMENT (AS DEFINED BELOW)) OR           , 2005. VOID AFTER 5:00 P.M. EASTERN
TIME,           , 2010.

UNIT PURCHASE OPTION

FOR THE PURCHASE OF

               
UNITS
[525,000 total]

OF

COMMUNITY
BANKERS ACQUISITION CORP.

     1. Unit Purchase Option.

     THIS
CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of                                              
(the “Holder”) as registered owner of this Unit Purchase Option, to Community Bankers Acquisition Corp. (the “Company”), the Holder is entitled, at any
time or from time to time upon the later of the consummation of a
Business Combination or ___ , 2006
(the “Commencement Date”), and at or before 5:00 p.m., Eastern Time ___, 2010 (the
“Expiration Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in
part, up to
                units (the “Units”) of the Company, each Unit consisting of one share of common
stock of the Company, par value $0.01 per share (the “Common Stock”), and one warrant (the
“Warrant(s)”) expiring five years from the effective date (the “Effective Date”) of the
registration statement pursuant to which Units are offered for sale
to the public (the “Offering”) and pursuant to which this
Unit Purchase Option and the underlying Units, Common Stock and
Warrants were initially registered under the Securities Act of 1933,
as amended (the “Act”). Each Warrant is the same as the warrants included in the Units
being registered for sale to the public (the “Public Warrants”) under the Act, except that the exercise price of the Warrants shall be $7.50 per share. If
the Expiration Date is a day on which banking institutions

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are authorized by law to close, then this Unit Purchase Option may be exercised on the next
succeeding day which is not such a day in accordance with the terms herein. This Unit Purchase
Option is initially exercisable at $10.00 per Unit so purchased; provided, however, that upon the
occurrence of any of the events specified in Section 8, the rights granted by this Unit
Purchase Option, including the exercise price per Unit and the number of Units (and shares of
Common Stock and Warrants) to be received upon such exercise, shall be adjusted as therein
specified. The term “Exercise Price” shall mean the initial exercise price or the adjusted exercise
price, depending on the context. This Unit Purchase Option is one of
several identical Unit Purchase Options (collectively, the “Unit
Purchase Options” covering an aggregate of 525,000 Units that
were issued on the consummation of the Offering to the persons
identified therein (collectively, the “Holders”).

     2. Exercise.

     (a) Exercise Procedure. In order to exercise this Unit Purchase Option, the exercise form
attached hereto must be duly executed and completed and delivered to the Company, together with
this Unit Purchase Option and payment of the Exercise Price for the Units being purchased payable
in cash or by certified check or official bank check. If the subscription rights represented hereby
shall not be exercised at or before 5:00 p.m., Eastern time, on the Expiration Date this Unit
Purchase Option shall become and be void without further force or effect, and all rights
represented hereby shall cease and expire.

     (b) Legend. Each certificate for the securities purchased under this Unit Purchase Option
shall bear a legend as follows unless such securities have been registered under the Securities Act
of 1933, as amended (the “Act”):

“The securities represented by this certificate have not been registered
under the Securities Act of 1933, as amended (the “Act”) or applicable state
law. The securities may not be offered for sale, sold or otherwise
transferred, except pursuant to an effective registration statement under
the Act or pursuant to an exemption from registration under the Act and
applicable state law.”

     (c) Cashless Exercise. In lieu of the payment of the Exercise Price multiplied by the
number of Units for which this Unit Purchase Option is exercisable (and in lieu of being entitled
to receive Common Stock and Warrants) in the manner required by Section 2(a), the Holder shall have
the right (but not the obligation) to convert any exercisable but unexercised portion of this Unit
Purchase Option into Units (the “Conversion Right”) as follows: upon exercise of the Conversion
Right, the Company shall deliver to the Holder (without payment by the Holder of any of the
Exercise Price in cash) that number of shares of Common Stock and Warrants comprising that number
of Units equal to the quotient obtained by dividing (x) the “Value” (as defined below) of the
portion of the Unit Purchase Option being converted by (y) the Current Market Value (as defined
below). The “Value” of the portion of the Unit Purchase Option being converted shall equal the
remainder derived from subtracting (a) (i) the Exercise Price multiplied by (ii) the number of
Units underlying the portion of this Unit Purchase Option being converted from (b) the Current
Market Value of a Unit multiplied by the number of Units underlying the portion of the Unit
Purchase Option being converted. As used herein, the term “Current Market Value” per Unit at any
date means the remainder derived from subtracting (x) the exercise price of the Warrants multiplied
by the number of shares of Common Stock issuable

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upon exercise of the Warrants underlying one Unit from (y) the Current Market Price of the
Common Stock multiplied by the number of shares of Common Stock underlying the Warrants and the
Common Stock issuable upon exercise of one Unit. The “Current Market Price” of a share of Common
Stock shall mean (i) if the Common Stock is listed on a national securities exchange or quoted on
the NASDAQ National Market, NASDAQ SmallCap Market or NASD OTC Bulletin Board (or successor such as
the Bulletin Board Exchange), the last sale price of the Common Stock in the principal trading
market for the Common Stock as reported by the exchange, NASDAQ or the NASD, as the case may be;
(ii) if the Common Stock is not listed on a national securities exchange or quoted on the NASDAQ
National Market, NASDAQ SmallCap Market or the NASD OTC Bulletin Board (or successor such as the
Bulletin Board Exchange), but is traded in the residual over-the-counter market, the closing bid
price for the Common Stock on the last trading day preceding the date in question for which such
quotations are reported by the Pink Sheets, LLC or similar publisher of such quotations; and (iii)
if the fair market value of the Common Stock cannot be determined pursuant to clause (i) or (ii)
above, such price as the Board of Directors of the Company shall determine, in good faith.

     (d) The Cashless Exercise Right may be exercised by the Holder on any business day on or after
the Commencement Date and not later than the Expiration Date by delivering the Unit Purchase Option
with the duly executed exercise form attached hereto with the cashless exercise section completed
to the Company, exercising the Cashless Exercise Right and specifying the total number of Units the
Holder will purchase pursuant to such Cashless Exercise Right.

     3. Transfer

     (a) Restrictions—General. The Holder of this Unit Purchase Option, by its acceptance hereof,
agrees that it will not sell, transfer, assign, pledge or hypothecate this Unit Purchase Option for
a period of 180 days following the Effective Date to anyone other than (i) an
underwriter or a selected dealer in connection with the Offering, or (ii) a bona fide officer or
partner of any such underwriter or selected dealer. On and after the first
anniversary of the Effective Date, transfers to others may be made subject to compliance with or
exemptions from applicable securities laws. In order to make any permitted assignment, the Holder
must deliver to the Company the assignment form attached hereto duly executed and completed,
together with this Unit Purchase Option and payment of all transfer taxes, if any, payable in
connection therewith. The Company shall within five business days transfer this Unit Purchase
Option on the books of the Company and shall execute and deliver a new Unit Purchase Option or Unit
Purchase Options of like tenor to the appropriate assignee(s) expressly evidencing the right to
purchase the aggregate number of Units purchasable hereunder or such portion of such number as
shall be contemplated by any such assignment.

     (b) Restrictions—Securities. The securities evidenced by this Unit Purchase Option shall not
be transferred unless and until (i) the Company has received the opinion of counsel for the Holder
that the securities may be transferred pursuant to an exemption from registration under the Act and
applicable state securities laws, the availability of which is established to the reasonable
satisfaction of the Company (the Company hereby agreeing that the opinion of Greenberg Traurig, LLP
shall be deemed satisfactory evidence of the availability of an exemption), or (ii) a registration
statement or a post-effective amendment to the registration

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statement relating to such securities has been filed by the Company and declared effective by
the Securities and Exchange Commission (the “Commission”) and compliance with applicable state
securities law has been established.

     4. New Purchase Options to be Issued.

     (a) Partial Exercise. Subject to the restrictions in
Section 3, this Unit Purchase
Option may be exercised or assigned in whole or in part. In the event of the exercise or assignment
hereof in part only, upon surrender of this Unit Purchase Option for cancellation, together with
the duly executed exercise or assignment form and funds sufficient to pay any Exercise Price and/or
transfer tax, the Company shall cause to be delivered to the Holder without charge a new Unit
Purchase Option of like tenor to this Unit Purchase Option in the name of the Holder evidencing the
right of the Holder to purchase the number of Units purchasable hereunder as to which this Unit
Purchase Option has not been exercised or assigned.

     (b) Loss, Theft, Destruction. Upon receipt by the Company of evidence satisfactory to it of
the loss, theft, destruction or mutilation of this Unit Purchase Option and of reasonably
satisfactory indemnification or the posting of a bond, the Company shall execute and deliver a new
Unit Purchase Option of like tenor and date. Any such new Unit Purchase Option executed and
delivered as a result of such loss, theft, mutilation or destruction shall constitute a substitute
contractual obligation on the part of the Company.

     5. Registration Rights.

     (a) Demand Registration.

     (i) Grant of Demand Right. The Company, upon the receipt of the Initial Demand Notice
(as defined below) of the Holder(s)(collectively, the “Demanding Holders”) of at least 51% of the
aggregate Registrable Securities (as defined below) subject to the Unit Purchase Options (such
percentage to be calculated based upon the total number of shares of Common Stock, directly or indirectly,
underlying the Unit Purchase Options), agrees to register on no more than two occasions, all or any portion of the
Registrable Securities requested by the Demanding Holders in the Initial Demand Notice. The term
“Registrable Securities” shall mean all of the securities underlying the Unit Purchase Options,
including the Units, Common Stock, the Warrants and the Common Stock underlying the Warrants. As
to any particular Registrable Securities, such securities shall cease to be Registrable Securities
when: (A) a registration statement with respect to the sale of such securities shall have become
effective under the Act and such securities shall have been sold, transferred, disposed of or
exchanged in accordance with such registration statement; (B) such securities shall have been
otherwise transferred, new certificates for them not bearing a legend restricting further transfer
shall have been delivered by the Company and subsequent public distribution of them shall not
require registration under the Securities Act or (C) such securities shall have ceased to be
outstanding. In addition, the term Registrable Securities shall not include any securities held
by any Holder if such securities are then saleable under Rule 144 in the opinion of counsel to the Company.
With respect to such registration request, the Company will use
its commercially reasonable efforts to file a registration statement covering the Registrable
Securities as soon as reasonably practicable, but no later 60 days after the Company receives
notice from the Demanding Holders indicating their desire that the Company commence the preparation
of and effect the filing of a registration statement with the Commission as to the Registrable
Securities (the “Initial Demand Notice”), and, upon filing, use its commercially reasonable efforts
to have such registration statement declared effective as soon as reasonably practicable
thereafter; provided, that the Company shall be deemed to have complied with its obligation
hereunder so long as it has made such commercially reasonable efforts. Notwithstanding the
foregoing, if the Company provides the Demanding Holders notice of a Blackout Period within seven
business days after it receives the Initial Demand Notice, then (A) the Company’s obligation to
take any action pursuant to this Section 5(a)(i), including to file a registration statement
covering the Registrable Securities, shall be suspended during the Blackout Period; (B) the Initial
Demand Notice shall thereupon be deemed to have been received, for purposes of determining the
timing of any obligation of the Company under this Section 5(a)(i) to register the Registrable
Securities, on the first business day immediately following the termination of the Blackout Period; and
(C) the Company will use its commercially
reasonable efforts to file a registration statement covering the Registrable Securities as soon as
reasonably practicable after the termination of the Blackout Period, but no later than 60 days
after the termination of the Blackout Period and, upon filing, use its commercially reasonable
efforts to have such registration statement declared effective as soon as practicable thereafter.
An Initial Demand Notice shall be effective only if it is received by the Company during the period
beginning on the Effective Date and ending on the later of (x) the fifth anniversary of the
Effective Date and (y) one year after the date on which the Demanding Holders exercised Warrants
that were included among the Registrable Securities. The Company shall give written notice of its
receipt of any Initial Demand Notice from any Holder(s) to all other registered Holders of the
Registrable Securities within ten business days from the date of receipt of any such Initial Demand
Notice. Once made, a request for registration pursuant to an Initial Demand Notice

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provided in accordance with this Section may not be revoked, except that such a request for
registration pursuant to an Initial Demand Notice may be revoked (and shall not be deemed to have
been made for purposes of determining the rights of the Demanding Holders under this Section), if
(A) the Demanding Holders have received a notice of a Blackout Period from the Company and (B) the
Demanding Holders provide written notice to the Company within 20 days of receipt of any such
notice of a Blackout Period requesting such revocation for the purpose of preserving the right to
request registration pursuant to an Initial Demand Notice at a time subsequent thereto. For the
avoidance of doubt, the Company may not delay the ability of the Demanding Holders to exercise
their registration rights under this Agreement by way of giving notice of a Blackout Period more
than once during any 12 month period, and any notice of a Blackout Period given by the Company to
the Demanding Holders shall not be made within four months of any previous Blackout Period notice
given by the Company.

     For purposes of this Agreement, “Blackout Period” shall mean the period (A) beginning 90 days
prior to the date the Company expects to file a registration statement for a public offering (other
than a registration statement relating to any employee benefit plan, or a registration statement
related solely to stock issued upon conversion of debt securities) and, in the event no such
registration statement is filed, ending on the earlier of 90 days thereafter or the date that the
Company no longer expects to file such registration statement or, in the event such a registration
statement is filed, ending on the last day of the distribution (as contemplated in Regulation M
under the Securities Exchange Act of 1934, as amended) of such public offering of securities; or
(B) beginning on the date following a determination of the Company’s board of directors made in the
good faith judgment of such board of directors that it would be materially detrimental to the
Company and its stockholders for such registration statement to be effected at such time, ending on
the earlier of 90 days thereafter or the date on which the Company’s board of directors determines
that it would no longer be materially detrimental to the Company and its stockholders for such
Registration to be effected at such time.

     (ii) Effective Registration. A registration will not count as a Demand Registration
until the registration statement filed with the Commission with respect to such Demand Registration
has been declared effective and the Company has complied with all of its obligations under this
Agreement with respect thereto.

     (iii) Underwritten Offering. If a majority-in-interest of the Demanding Holders so
elect and such Holders so advise the Company as part of their written demand for a Demand
Registration, the offering of such Registrable Securities pursuant to such Demand Registration
shall be in the form of an underwritten offering. In such event, the right of any Holder to include
its Registrable Securities in such registration shall be conditioned upon such Holder’s
participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the
underwriting to the extent provided herein. All Demanding Holders shall enter into an underwriting
agreement in customary form with the underwriter or underwriters selected for such underwriting by
a majority-in-interest of the Holders initiating the Demand Registration.

     (iv) Reduction of Offering. If the managing underwriter or underwriters for a Demand
Registration that is to be an underwritten offering advises the Company and the Demanding Holders
in writing that the dollar amount or number of shares of Registrable Securities which the Demanding
Holders desire to sell, taken together with all other shares of Common Stock or other

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securities which the Company desires to sell and the shares of Common Stock, if any, as to
which registration has been requested pursuant to written contractual piggy-back registration
rights held by other shareholders of the Company who desire to sell, exceeds the maximum dollar
amount or maximum number of shares that can be sold in such offering without adversely affecting
the proposed offering price, the timing, the distribution method, or the probability of success of
such offering (such maximum dollar amount or maximum number of shares, as applicable, the “Maximum
Number of Shares”), then the Company shall include in such registration: (A) first, the Registrable
Securities as to which Demand Registration has been requested by the Demanding Holders (pro rata in
accordance with the number of shares of Registrable Securities which such Demanding Holder has
requested be included in such registration, regardless of the number of shares of Registrable
Securities held by each Demanding Holder) that can be sold without exceeding the Maximum Number of
Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the
foregoing clause (A), the shares of Common Stock or other securities that the Company desires to
sell that can be sold without exceeding the Maximum Number of Shares; (C) third, to the extent that
the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), the
shares of Common Stock for the account of other persons that the Company is obligated to register
pursuant to written contractual arrangements with such persons and that can be sold without
exceeding the Maximum Number of Shares; and (D) fourth, to the extent that the Maximum Number of
Shares have not been reached under the foregoing clauses (A), (B), and (C), the shares of Common
Stock that other security holders desire to sell that can be sold without exceeding the Maximum
Number of Shares.

     (v) Withdrawal. If a majority-in-interest of the Demanding Holders disapprove of the
terms of any underwriting or are not entitled to include all of their Registrable Securities in any
offering, such majority-in-interest of the Demanding Holders may elect to withdraw from such
offering by giving written notice to the Company and the underwriter or underwriters of their
request to withdraw prior to the effectiveness of the registration statement filed with the
Commission with respect to such Demand Registration. If the majority-in-interest of the Demanding
Holders withdraws from a proposed offering relating to a Demand Registration, then such
registration shall not count as a Demand Registration provided for in this Section 5(a).

     (b) Piggy-Back Registration.

     (i) Grant of Piggy-Back Rights. If at any time on or after the Commencement Date the
Company proposes to file a registration statement under the Securities Act with respect to an
offering of equity securities, or securities or other obligations exercisable or exchangeable for,
or convertible into, equity securities, by the Company for its own account or for shareholders of
the Company for their account (or by the Company and by shareholders of the Company including,
without limitation, pursuant to Section 5(a)), other than a registration statement (A) filed in
connection with any employee stock option or other benefit plan, (B) for an exchange offer or
offering of securities solely to the Company’s existing shareholders, (C) for an offering of debt
that is convertible into equity securities of the Company or (D) for a dividend reinvestment plan,
then the Company shall (E) give written notice of such proposed filing to the Holders of
Registrable Securities as soon as practicable but in no event less than ten business days before
the anticipated filing date, which notice shall describe the amount and type of securities to be
included in such offering, the intended method(s) of distribution, and the name of the proposed

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managing underwriter or underwriters, if any, of the offering, and (F) offer to the Holders of
Registrable Securities in such notice the opportunity to register the sale of such number of shares
of Registrable Securities as such Holders may request in writing within five business days
following receipt of such notice (a “Piggy-Back Registration”). For purposes of a Piggy-Back
Registration (and not in the case of a Demand Registration), the exclusion from the definition of “Registrable Securities”
as to Registrable Securities which are then saleable under Rule 144 contained in the last sentence of the definition of “Registrable Securities”
shall be inapplicable. The Company shall cause such Registrable Securities to be included in such
registration and shall use its commercially reasonable efforts to cause the managing underwriter or
underwriters of a proposed underwritten offering to permit the Registrable Securities requested to
be included in a Piggy-Back Registration to be included on the same terms and conditions as any
similar securities of the Company and to permit the sale or other disposition of such Registrable
Securities in accordance with the intended method(s) of distribution thereof. All Holders of
Registrable Securities proposing to distribute their securities through a Piggy-Back Registration
that involves an underwriter or underwriters shall enter into an underwriting agreement in
customary form with the underwriter or underwriters selected for such Piggy-Back Registration.

     (ii) Reduction of Offering. If the managing underwriter or underwriters for a
Piggy-Back Registration that is to be an underwritten offering advises the Company and the Holders
of Registrable Securities in writing that the dollar amount or number of shares of Common Stock
which the Company desires to sell, taken together with shares of Common Stock, if any, as to which
registration has been demanded pursuant to written contractual arrangements with persons other than
the Holders of Registrable Securities hereunder, the Registrable Securities as to which
registration has been requested under this Section 5(b), and the shares of Common Stock, if any, as
to which registration has been requested pursuant to the written contractual piggy-back
registration rights of other shareholders of the Company, exceeds the Maximum Number of Shares,
then the Company shall include in any such registration:

     If the registration is undertaken for the Company’s account: (A) first, the shares of Common
Stock or other securities that the Company desires to sell that can be sold without exceeding the
Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been
reached under the foregoing clause (A), the shares of Common Stock, if any, including the
Registrable Securities, as to which registration has been requested pursuant to written contractual
piggy-back registration rights of security Holders (pro rata in accordance with the number of
shares of Common Stock which each such person has actually requested to be included in such
registration, regardless of the number of shares of Common Stock with respect to which such persons
have the right to request such inclusion) that can be sold without exceeding the Maximum Number of
Shares; and

     If the registration is a “demand” registration undertaken at the demand of persons other than
the Holders of Registrable Securities pursuant to written contractual arrangements with such
persons, (A) first, the shares of Common Stock for the account of the demanding persons that can be
sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum
Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or
other securities that the Company desires to sell that can be sold without exceeding the Maximum
Number of Shares; and (C) third, to the extent that the Maximum Number of Shares has not been
reached under the foregoing clauses (A) and (B), the Registrable

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Securities as to which registration has been requested under this Section 5(b) and any Shares
as to which registration has been requested pursuant to written contractual piggy-back registration
rights which other shareholders desire to sell that can be sold without exceeding the Maximum
Number of Shares (pro rata in accordance with the number of shares of Registrable Securities held
by each such Holder).

     (iii) Withdrawal. Any Holder of Registrable Securities may elect to withdraw such
Holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration by giving
written notice to the Company of such request to withdraw prior to the effectiveness of the
registration statement. The Company may also elect to withdraw a registration statement at any
time prior to the effectiveness of the registration statement. Notwithstanding any such withdrawal,
the Company shall pay all expenses incurred by the Holders of Registrable Securities in connection
with such Piggy-Back Registration as provided in Section 6(m).

     (c) Registrations on Form S-3. The Holders of a majority in interest of Registrable Securities
may at any time and from time to time, request in writing that the Company register the resale of
any or all of such Registrable Securities on Form S-3 or any similar short-form registration which
may be available at such time (“Form S-3”); provided, however, that the Company shall not be
obligated to effect such request through an underwritten offering. Upon receipt of such written
request, the Company will promptly give written notice of the proposed registration to all other
Holders of Registrable Securities, and, as soon as practicable thereafter, effect the registration
of all or such portion of such Holder’s or Holders’ Registrable Securities as are specified in such
request, together with all or such portion of the Registrable Securities of any other Holder or
Holders joining in such request as are specified in a written request given within 15 business days
after receipt of such written notice from the Company; provided, however, that the Company shall
not be obligated to effect any such registration pursuant to this Section 5(c) if Form S-3 is not
available for such offering. Registrations effected pursuant to this Section 5(c) shall not be
counted as a Demand Registration effected pursuant to Section 5(a).

     6. Registration Procedures.

     (a) Limitations. Notwithstanding anything herein to the contrary, the Company shall not be
obligated to effect any registration pursuant to Section 5(a) of this Agreement if the Holders of
the Registrable Securities, together with the Holders of any other securities of the Company
entitled to inclusion in such registration, propose to sell Registrable Securities and such other
securities (if any) at an aggregate price to the public of less than $500,000; provided, further,
that the Company shall not be obligated to file a second registration statement until a
registration statement that has been filed is counted as a Demand Registration or is terminated or
withdrawn.

     (b) Copies. The Company shall, prior to filing a registration statement or prospectus, or any
amendment or supplement thereto, furnish without charge to the Holders of Registrable Securities
included in such registration, and such Holders’ legal counsel, copies of such registration
statement as proposed to be filed, each amendment and supplement to such registration statement (in
each case including all exhibits thereto and documents incorporated by reference therein), the
prospectus included in such registration statement (including each preliminary prospectus), and
such other documents as the Holders of Registrable Securities

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included in such registration or legal counsel for any such Holders may request in order to
facilitate the disposition of the Registrable Securities owned by such Holders.

     (c) Amendments and Supplements. Subject to the provisions of Section 6(l), the Company shall
use its commercially reasonable efforts to prepare and file with the Commission such amendments,
including post-effective amendments, and supplements to such registration statement and the
prospectus used in connection therewith as may be necessary to keep such registration statement
effective and in compliance with the provisions of the Securities Act until all Registrable
Securities and other securities covered by such registration statement have been disposed of in
accordance with the intended method(s) of distribution set forth in such registration statement
(which period shall not exceed the sum of 180 days plus any period during which any such
disposition is interfered with by any stop order or injunction of the Commission or any
governmental agency or court and, any period of suspension pursuant to Section 6(l)) or such
securities have been withdrawn from such registration.

     (d) Notification. After the filing of a registration statement, the Company shall promptly,
and in no event more than two business days after such filing, notify the Holders of Registrable
Securities included in such registration statement of such filing, and shall further notify such
Holders promptly and confirm such advice in writing in all events within two business days of the
occurrence of any of the following: (i) when such registration statement becomes effective; (ii)
when any post-effective amendment to such registration statement becomes effective; (iii) the
issuance or threatened issuance by the Commission of any stop order (and the Company shall take all
actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any
request by the Commission for any amendment or supplement to such registration statement or any
prospectus relating thereto or for additional information or of the occurrence of an event
requiring the preparation of a supplement or amendment to such prospectus so that, as thereafter
delivered to the purchasers of the securities covered by such registration statement, such
prospectus will not contain an untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein not misleading, and
promptly make available to the Holders of Registrable Securities included in such registration
statement any such supplement or amendment; except that before filing with the Commission a
registration statement or prospectus or any amendment or supplement thereto, including documents
incorporated by reference, the Company shall furnish to the Holders of Registrable Securities
included in such registration statement and to the legal counsel for any such Holders, copies of
all such documents proposed to be filed sufficiently in advance of filing to provide such Holders
and legal counsel with a reasonable opportunity to review such documents and comment thereon, and
the Company shall not file any registration statement or prospectus or amendment or supplement
thereto, including documents incorporated by reference, to which such Holders or their legal
counsel shall object.

     (e) State Securities Laws Compliance. The Company shall use its commercially reasonable
efforts to (i) register or qualify the Registrable Securities covered by the registration statement
under such securities or “blue sky” laws of such jurisdictions in the United States as the Holders
of Registrable Securities included in such registration statement (in light of their intended plan
of distribution) may request and (ii) take such action necessary to cause such Registrable
Securities covered by the registration statement to be registered with or approved by such other
Governmental Authorities as may be necessary by virtue of the business and

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operations of the Company and do any and all other acts and things that may be necessary or
advisable to enable the Holders of Registrable Securities included in such registration statement
to consummate the disposition of such Registrable Securities in such jurisdictions; provided,
however, that the Company shall not be required to qualify generally to do business in any
jurisdiction where it would not otherwise be required to qualify but for this Section 6(e) or
subject itself to taxation in any such jurisdiction.

     (f) Agreements for Disposition. The Company shall enter into customary agreements (including,
if applicable, an underwriting agreement in customary form) and take such other actions as are
reasonably required in order to expedite or facilitate the disposition of such Registrable
Securities. The representations, warranties and covenants of the Company in any underwriting
agreement which are made to or for the benefit of any underwriters, to the extent applicable, shall
also be made to and for the benefit of the Holders of Registrable Securities included in such
registration statement. No Holder of Registrable Securities included in such registration statement
shall be required to make any representations or warranties in the underwriting agreement except,
if applicable, with respect to such Holder’s organization, good standing, authority, title to
Registrable Securities, lack of conflict of such sale with such Holder’s material agreements and
organizational documents, and with respect to written information relating to such Holder that such
Holder has furnished in writing expressly for inclusion in such registration statement.

     (g) Cooperation. The principal executive officer of the Company, the principal financial
officer of the Company, the principal accounting officer of the Company and all other officers and
members of the management of the Company shall cooperate fully in any offering of Registrable
Securities hereunder, which cooperation shall include, without limitation, the preparation of the
registration statement with respect to such offering and all other offering materials and related
documents, and participation in meetings with underwriters, attorneys, accountants and potential
Holders.

     (h) Records. The Company shall make available for inspection by the Holders of Registrable
Securities included in such registration statement, any underwriter participating in any
disposition pursuant to such registration statement and any attorney, accountant or other
professional retained by any Holder of Registrable Securities included in such registration
statement or any underwriter, all financial and other records, pertinent corporate documents and
properties of the Company, as shall be necessary to enable them to exercise their due diligence
responsibility, and cause the Company’s officers, directors and employees to supply all information
requested by any of them in connection with such registration statement.

     (i) Delivery of Opinions and Other Documents. The Company shall furnish I-Bankers Securities
Incorporated (“I-Bankers”), as representative of the Holders participating in any of the foregoing
offerings, in the event that it is a Demanding Holder with respect to a registration statement to
be filed pursuant to Section 5(a)(i), a signed counterpart, addressed to the participating Holders,
of (i) an opinion of counsel to the Company, dated the effective date of such registration
statement (and, if such registration includes an underwritten public offering, an opinion dated the
date of the closing under any underwriting agreement related thereto), and (ii) a “cold comfort”
letter dated the effective date of such registration statement (and, if such registration includes
an underwritten public offering, a letter dated the date of the closing under

10

 

the underwriting agreement) signed by the independent public accountants who have issued a
report on the Company’s financial statements included in such registration statement, in each case
covering substantially the same matters with respect to such registration statement (and the
prospectus included therein) and, in the case of such accountants’ letter, with respect to events
subsequent to the date of such financial statements, as are customarily covered in opinions of
issuer’s counsel and in accountants’ letters delivered to underwriters in underwritten public
offerings of securities. The Company shall also deliver promptly to I-Bankers, as representative of
the Holders participating in the offering, the correspondence and memoranda described below and
copies of all correspondence between the Commission and the Company, its counsel or auditors and
all memoranda relating to discussions with the Commission or its staff with respect to the
registration statement and permit I-Bankers, as representative of the Holders, to do such
investigation, upon reasonable advance notice, with respect to information contained in or omitted
from the registration statement as it deems reasonably necessary to comply with applicable
securities laws or rules of the National Association of Securities Dealers, Inc. (the “NASD”). Such
investigation shall include access to books, records and properties and opportunities to discuss
the business of the Company with its officers and independent auditors, all to such reasonable
extent and at such reasonable times and as often as I-Bankers, as representative of the Holders,
shall reasonably request. The Company shall not be required to disclose any confidential
information or other records to I-Bankers, as representative of the Holders, or to any other
person, until and unless such persons shall have entered into reasonable confidentiality agreements
(in form and substance reasonably satisfactory to the Company), with the Company with respect
thereto.

     (j) Earnings Statement. The Company shall comply with all applicable rules and regulations of
the Commission and the Securities Act, and make available to its shareholders, as soon as
practicable, an earnings statement covering a period of 12 months, beginning within three months
after the effective date of the registration statement, which earnings statement shall satisfy the
provisions of Section 11(a) of the Securities Act and Rule 158 thereunder.

     (k) Listing. The Company shall use its commercially reasonable efforts to cause all
Registrable Securities included in any registration statement to be listed on such exchanges or
otherwise designated for trading in the same manner as similar securities issued by the Company are
then listed or designated or, if no such similar securities are then listed or designated, in a
manner satisfactory to the Holders of a majority of the Registrable Securities included in such
registration.

     (l) Obligation to Suspend Distribution. If after a registration statement relating to the
registration of Registrable Securities under Section 5 has been declared effective (“Effective
Registration Statement”), upon the good faith determination by the Board of Directors of the
Company that it is reasonably necessary to suspend the use of such Effective Registration Statement
or sales of Registrable Securities by Holders under such Effective Registration Statement, the
Company may, upon written notice (the “Suspension Notice”) to I-Bankers, as representative of the
Holders, direct the Holders to suspend the use of or sales under such Effective Registration
Statement. Upon the occurrence of any such suspension, the Company shall use its commercially
reasonable efforts to take or cause to be taken such action as is necessary to permit resumed use
of such Effective Registration Statement promptly following the cessation of the Suspension Event
giving rise to such suspension so as to permit the Holders to

11

 

resume use of and sales under such Effective Registration Statement as soon as practicable
thereafter. Upon cessation of the Suspension Event giving rise to such suspension, the Company
shall promptly provide I-Bankers with prompt written notice that the Suspension Event has ceased
(the “End of Suspension Notice”). The Holders shall not effect any sales of the Registrable
Securities pursuant to such Effective Registration Statement at any time after it has received a
Suspension Notice from the Company and prior to receipt of an End of Suspension Notice. If so
directed by the Company in a Suspension Notice, each Holder will deliver to the Company (at the
expense of the Company) all copies, other than permanent file copies then in such Holder’s
possession, of any prospectuses covering the Registrable Securities at the time of receipt of such
Suspension Notice.

     (m) Registration Expenses. The Company shall bear all costs and expenses incurred by the
Company in connection with any Demand Registration pursuant to Section 5(a), any Piggy-Back
Registration pursuant to Section 5(b), and any registration on Form S-3 effected pursuant to
Section 5(c), and all expenses incurred in performing or complying with its other obligations under
this Agreement, whether or not the registration statement becomes effective, including, without
limitation: (i) all registration and filing fees; (ii) fees and expenses of compliance with
securities or “blue sky” laws (including fees and disbursements of counsel in connection with blue
sky qualifications of the Registrable Securities); (iii) printing expenses; (iv) the Company’s
internal expenses (including, without limitation, all salaries and expenses of its officers and
employees); (v) the fees and expenses incurred in connection with the listing of the Registrable
Securities as required by Section 6(k); (vi) National Association of Securities Dealers, Inc. fees;
(vii) fees and disbursements of counsel for the Company and fees and expenses for independent
certified public accountants retained by the Company (including the expenses or costs associated
with the delivery of any opinions or comfort letters requested pursuant to Section 6(i)); and
(viii) the fees and expenses of any special experts retained by the Company in connection with such
registration. The Company shall have no obligation to pay any underwriting discounts or selling
commissions attributable to the Registrable Securities being sold by the Holders thereof, which
underwriting discounts or selling commissions shall be borne by such Holders. Additionally, in an
underwritten offering, all selling shareholders and the Company shall bear the expenses of the
underwriter pro rata in proportion to the respective amount of shares each is selling in such
offering. The Holders of Registrable Securities shall bear all costs and expenses incurred by them
in connection with any such registration, except to the extent specifically provided in this
Section 6(m).

     (n) Information. The Holders of Registrable Securities shall provide such information as may
reasonably be requested by the Company, or the managing underwriter, if any, in connection with the
preparation of any registration statement, including amendments and supplements thereto, in order
to effect the registration of any Registrable Securities under the Securities Act pursuant to
Section 5 and in connection with the Company’s obligation to comply with federal and applicable
state securities laws.

     7. Miscellaneous Registration Rights Provisions.

     (a) Indemnification. The Company shall indemnify the Holder(s) of the Registrable Securities to be sold pursuant to any registration statement hereunder and each person, if any, who
controls such Holder within the meaning of Section 15 of the Act or Section 20(a) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), against all loss, claim,

12

 

damage, expense or liability (including all reasonable attorneys’ fees and other expenses
reasonably incurred in investigating, preparing or defending against litigation, commenced or
threatened, or any claim whatsoever whether arising out of any action between the underwriter of
any offering covered by a registration statement subject to Sections 5(a) or 5(b) hereof and the
Company or between any such underwriter and any third party or otherwise) to which any of them may
become subject under the Act, the Exchange Act or otherwise, arising from such registration
statement but only to the same extent and with the same effect pursuant to which the Company has
agreed, pursuant to Section 5 of the Underwriting Agreement (the “Underwriting Agreement”) among
the Company, the representatives of the underwriters and the other underwriters named therein dated the Effective Date.
The Holder(s) of the Registrable Securities to be sold pursuant to such registration statement and their, successors and assigns, shall severally,
and not jointly, indemnify the Company, its officers and directors and each person, if any, who
controls the Company within the meaning of Section 15 of the Act or Section 20(a) of the Exchange
Act, against all loss, claim, damage, expense or liability (including all reasonable attorneys’
fees and other expenses reasonably incurred in investigating, preparing or defending against any
claim whatsoever) to which they may become subject under the Act, the Exchange Act or otherwise,
arising from information furnished by or on behalf of such Holder, or its successors or assigns, in
writing, for specific inclusion in such registration statement to the same extent and with the same
effect as the provisions contained in Section 5 of the Underwriting Agreement pursuant to which the
underwriters thereunder have agreed to indemnify the Company.

     (b) No Obligation to Exercise. Nothing contained in this Unit Purchase Option shall be
construed as requiring the Holder(s) to exercise their Unit Purchase Options or Warrants underlying
such Unit Purchase Options prior to or after the initial filing of any registration statement or
the effectiveness thereof.

13

 

     (c)
Underwriting Agreement. The Company shall enter into an underwriting agreement with the managing
underwriter(s), if any, selected by any Holders whose Registrable Securities are
being registered pursuant to Section 5(a), which managing underwriter shall be
reasonably acceptable to the Company. Such agreement shall be reasonably
satisfactory in form and substance to the Company, each Holder and such managing
underwriters, and shall contain such representations, warranties and covenants by
the Company and such other terms as are customarily contained in agreements of that
type used by the managing underwriter. The Holders shall be parties to any
underwriting agreement relating to an underwritten sale of their Registrable
Securities and may, at their option, require that any or all the representations,
warranties and covenants of the Company to or for the benefit of such underwriters
shall also be made to and for the benefit of such Holders. Such Holders shall not be
required to make any representations or warranties to or agreements with the Company
or the underwriters except as they may relate to such Holders and their intended
methods of distribution. Such Holders, however, shall agree to such covenants

14

 

and indemnification and contribution obligations for selling stockholders as
are customarily contained in agreements of that type used by the managing
underwriter. Further, such Holders shall execute appropriate custody agreements and
otherwise cooperate fully in the preparation of the registration statement and other
documents relating to any offering in which they include securities pursuant to Section 5. Each Holder shall also furnish to the Company such information regarding
itself, the Registrable Securities held by it, and the intended method of
disposition of such securities as shall be reasonably required to effect the
registration of the Registrable Securities.

     8. Adjustments.

     (a) Exercise Price and Number of Securities. The Exercise Price and the number of Units
underlying the Unit Purchase Option shall be subject to adjustment from time to time as hereinafter
set forth:

     (i) If after the date hereof,
and subject to the provisions of Section 8(c)
below, the number of outstanding shares of Common Stock is increased by a stock
dividend payable in shares of Common Stock or by a split-up of shares of Common
Stock or other similar event, then, on the effective date thereof, the number of
shares of Common Stock underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares.

15

 

In such case, the number of shares of Common Stock, and the exercise price
applicable thereto, underlying the Warrants underlying each of the Units purchasable
hereunder shall be adjusted in accordance with the terms of the Warrants. For
example, if the Company declares a two-for-one stock dividend and at the time of
such dividend this Unit Purchase Option is for the purchase of one Unit at $10.00
per whole Unit (each Warrant underlying the Units is exercisable for $7.50 per
share), upon effectiveness of the dividend, this Unit Purchase Option will be
adjusted to allow for the purchase of one Unit at $10.00 per Unit, each Unit
entitling the Holder to receive two shares of Common Stock and two Warrants (each
Warrant exercisable for $3.75 per share).

     (ii) If after the date
hereof, and subject to the provisions of Section 8(c),
the number of outstanding shares of Common Stock is decreased by a consolidation,
combination or reclassification of shares of Common Stock or other similar event,
then, on the effective date thereof, the number of shares of Common Stock underlying
each of the Units purchasable hereunder shall be decreased in proportion to such
decrease in outstanding shares. In such case, the number of shares of Common Stock,
and the exercise price applicable thereto, issuable upon exercise of the Warrants
included in each of the Units purchasable hereunder shall be adjusted in accordance
with the terms of the Warrants.

     (iii) In case of any reclassification or reorganization of the
outstanding shares of Common Stock other than a change covered by Section 8(a)(i) or 8(a)(ii)
hereof or that solely affects the par value of such shares of Common Stock, or in
the case of any merger or consolidation of the Company with or into another
corporation (other than a consolidation or merger in which the Company is the
continuing corporation and that does not result in any reclassification or
reorganization of the outstanding shares of Common Stock), or in the case of any
sale or conveyance to another corporation or entity of the property of the Company
as an entirety or substantially as an entirety in connection with which the Company
is dissolved, the Holder of this Unit Purchase Option shall have the right
thereafter (until the expiration of the right of exercise of this Unit Purchase
Option) to receive upon the exercise hereof, for the same aggregate Exercise Price
payable hereunder immediately prior to such event, the kind and amount of shares of
stock or other securities or property (including cash) receivable upon such
reclassification, reorganization, merger or consolidation, or upon a dissolution
following any such sale or transfer, by a Holder of the number of shares of Common
Stock of the Company obtainable upon exercise of this Unit Purchase Option and the
underlying Warrants immediately prior to such event; and if any reclassification
also results in a change in shares of Common Stock covered by
Section 8(a)(i) or
8(a)(ii), then such adjustment shall be made pursuant to
Sections 8(a)(i), 8(a)(ii)
and this Section 8(a)(iii). The provisions of this Section 8(a)(iii) shall similarly
apply to successive reclassifications, reorganizations, mergers or consolidations,
sales or other transfers.

16

 

     (iv) This form of Unit Purchase Option need not be changed because of any
change pursuant to this Section, and Unit Purchase Options issued after such change
may state the same Exercise Price and the same number of Units as are stated in the
Unit Purchase Options initially issued pursuant to this Agreement. The acceptance by
any Holder of the issuance of new Unit Purchase Options reflecting a required or
permissive change shall not be deemed to waive any rights to an adjustment occurring
after the Commencement Date or the computation thereof.

     (b) Substitute Unit Purchase Option. In case of any consolidation of the Company with, or
merger of the Company with, or merger of the Company into, another corporation (other than a
consolidation or merger which does not result in any reclassification or change of the outstanding
Common Stock), the corporation formed by such consolidation or merger shall execute and deliver to
the Holder a supplemental Unit Purchase Option providing that the Holder of each Unit Purchase
Option then outstanding or to be outstanding shall have the right thereafter (until the stated
expiration of such Unit Purchase Option) to receive, upon exercise of such Unit Purchase Option,
the kind and amount of shares of stock and other securities and property receivable upon such
consolidation or merger, by a holder of the number of shares of Common Stock of the Company for
which such Unit Purchase Option might have been exercised immediately prior to such consolidation,
merger, sale or transfer. Such supplemental Unit Purchase Option shall provide for adjustments
which shall be identical to the adjustments provided in Section 8. The above provision of this
Section shall similarly apply to successive consolidations or mergers.

     (c) Fractional Interests. The Company shall not be required to issue certificates
representing fractions of shares of Common Stock or Warrants upon the exercise of the Unit Purchase
Option, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it
being the intent of the parties that all fractional interests shall be eliminated by rounding any
fraction up to the nearest whole number of Warrants, shares of Common Stock or other securities,
properties or rights.

     9. Reservation and Listing. The Company shall at all times reserve and keep available out of
its authorized shares of Common Stock, solely for the purpose of issuance upon exercise of the Unit
Purchase Options or the Warrants underlying the Unit Purchase Option, such number of shares of
Common Stock or other securities, properties or rights as shall be issuable upon the exercise
thereof The Company covenants and agrees that, upon exercise of the Unit Purchase Options and
payment of the Exercise Price therefor, all shares of Common Stock and other securities issuable
upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject
to preemptive rights of any stockholder. The Company further covenants and agrees that upon
exercise of the Warrants underlying the Unit Purchase Options and payment of the respective Warrant
exercise price therefor, all shares of Common Stock and other securities issuable upon such
exercise shall be duly and validly issued, fully paid and non-assessable and not subject to
preemptive rights of any stockholder. As long as the Unit Purchase Options shall be outstanding,
the Company shall use its best efforts to cause all (i) Units and shares of Common Stock issuable
upon exercise of the Unit Purchase Options, (iii) Warrants issuable upon exercise of the Unit
Purchase Options and (iv) shares of Common Stock issuable

17

 

upon exercise of the Warrants included in the Units issuable upon exercise of the Unit
Purchase Option to be listed (subject to official notice of issuance) on all securities exchanges
(or, if applicable on the NASDAQ National Market, SmallCap Market, OTC Bulletin Board or any
successor trading market) on which the Units, the Common Stock or the Public Warrants issued to the
public in connection herewith may then be listed and/or quoted.

     10. Certain Notice Requirements.

     (a) Right to Notice. Nothing herein shall be construed as conferring upon the Holders the
right to vote or consent as a stockholder for the election of directors or any other matter, or as
having any rights whatsoever as a stockholder of the Company. If, however, at any time prior to the
expiration of the Unit Purchase Options and their exercise, any of the events described in Section
10(b) shall occur, then, in one or more of said events, the Company shall give written notice of
such event at least fifteen days prior to the date fixed as a record date or the date of closing
the transfer books for the determination of the stockholders entitled to such dividend,
distribution, conversion or exchange of securities or subscription rights, or entitled to vote on
such proposed dissolution, liquidation, winding up or sale. Such notice shall specify such record
date or the date of the closing of the transfer books, as the case may be. Notwithstanding the
foregoing, the Company shall deliver to each Holder a copy of each notice given to the other
stockholders of the Company at the same time and in the same manner that such notice is given to
the stockholders.

     (b) Enumerated Events. The Company shall be required to give the notice described in this
Section 10 upon one or more of the following events: (i) if the Company shall take a record of the
holders of its shares of Common Stock for the purpose of entitling them to receive a dividend or
distribution payable otherwise than in cash, or a cash dividend or distribution payable otherwise
than out of retained earnings, as indicated by the accounting treatment of such dividend or
distribution on the books of the Company, or (ii) the Company shall offer to all the holders of its
Common Stock any additional shares of capital stock of the Company or securities convertible into
or exchangeable for shares of capital stock of the Company, or any option, right or warrant to
subscribe therefor, or (iii) a dissolution, liquidation or winding up of the Company (other than in
connection with a consolidation or merger) or a sale of all or substantially all of its property,
assets and business shall be proposed.

     (c) Adjustments. The Company shall, promptly after an event requiring any adjustment pursuant
to Section 8 hereof, send notice to the Holders of such event and adjustment (the “Adjustment
Notice”). The Adjustment Notice shall describe the event causing the adjustment and the method of
calculating same and shall be certified as being true and accurate by the Company’s President and
Chief Financial Officer.

     (d) Notice Delivery. All notices, requests, consents and other communications under this Unit
Purchase Option, other than as expressly set forth in Section 5(a), shall be in writing and shall be deemed to have been duly made when hand delivered,
or mailed by overnight express mail or overnight private courier service: (i) if to the registered Holder of the Unit
Purchase Option, except as otherwise specifically provided in Section
6(i), to the address of such Holder as shown on the books of the Company, or (ii) if to
the Company, to the following address or to such other address as the Company may designate by
notice to the Holders:

18

 

Community Bankers Acquisition Corp.

717 King Street

Alexandria, Virginia 22314

Attn: Chief Executive Officer

With a copy to:

Dilworth Paxson LLP

1818 N St. N.W., Suite 400

Washington, D.C. 20036

Attn: Kathleen L. Cerveny, Esq.

     11. Miscellaneous.

     (a) Amendments. The Company and I-Bankers may from time to time supplement or amend this Unit
Purchase Option without the approval of any of the Holders in order to cure any ambiguity, to
correct or supplement any provision contained herein that may be defective or inconsistent with any
other provisions herein, or to make any other provisions in regard to matters or questions arising
hereunder that the Company and I-Bankers may deem necessary or desirable and that the Company and
I-Bankers deem shall not adversely affect the interest of the Holders. All other modifications or
amendments shall require the written consent of and be signed by the party against whom enforcement
of the modification or amendment is sought.

     (b) Headings. The headings contained herein are for the sole purpose of convenience of
reference, and shall not in any way limit or affect the meaning or interpretation of any of the
terms or provisions of this Unit Purchase Option.

     (c) Entire Agreement. This Unit Purchase Option (together with the other agreements and
documents being delivered pursuant to or in connection with this Unit Purchase Option) constitutes
the entire agreement of the parties hereto with respect to the subject matter hereof, and
supersedes all prior agreements and understandings of the parties, oral and written, with respect
to the subject matter hereof.

     (d) Binding Effect. This Unit Purchase Option shall inure solely to the benefit of, and shall
be binding upon, the Holder and the Company and their permitted assignees, respective successors,
legal representative and assigns, and no other person shall have or be construed to have any legal
or equitable right, remedy or claim under or in respect of or by virtue of this Unit Purchase
Option or any provisions herein contained.

     (e) Governing Law. This Unit Purchase Option shall be governed by and construed and enforced
in accordance with the laws of the State of New York, without giving effect to conflict of laws.
The Company hereby agrees that any action, proceeding or claim against it arising out of, or
relating in any way to this Unit Purchase Option shall be brought and enforced in the courts of the
State of New York or of the United States of America for the Southern District of New York, and
irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby
waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient
forum. Any process or summons to be served upon the Company may be served by transmitting a copy
thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it
at the address set forth in Section 10 hereof. Such mailing shall be deemed personal service and
shall be legal and binding upon the Company in any action, proceeding or claim. The Company and
the Holder agree that the prevailing party(ies) in any such action shall be entitled to recover
from the other party(ies) all of its

19

 

reasonable attorneys’ fees and expenses relating to such action or proceeding and/or incurred
in connection with the preparation therefor.

     (f) Waivers. The failure of the Company or the Holder to at any time enforce any of the
provisions of this Unit Purchase Option shall not be deemed or construed to be a waiver of any such
provision, nor to in any way affect the validity of this Unit Purchase Option or any provision
hereof or the right of the Company or any Holder to thereafter enforce each and every provision of
this Unit Purchase Option. No waiver of any breach, non-compliance or non-fulfillment of any of
the provisions of this Unit Purchase Option shall be effective unless set forth in a written
instrument executed by the party or parties against whom or which enforcement of such waiver is
sought; and no waiver of any such breach, non-compliance or non-fulfillment shall be construed or
deemed to be a waiver of any other or subsequent breach, non-compliance or non-fulfillment.

     (g) Counterparts. This Unit Purchase Option may be executed in one or more counterparts, and
by the different parties hereto in separate counterparts, each of which shall be deemed to be an
original, but all of which taken together shall constitute one and the same agreement, and shall
become effective when one or more counterparts has been signed by each of the parties hereto and
delivered to each of the other parties hereto.

     (h) Exchange Agreement. As a condition of the Holder’s receipt and acceptance of this Unit
Purchase Option, the Holder agrees that, at any time prior to the complete exercise of this Unit
Purchase Option by the Holder, if the Company and I-Bankers enter into an agreement (the “Exchange
Agreement”), pursuant to which they agree that all outstanding Unit Purchase Options will be
exchanged for securities or cash or a combination of both, then the Holder agrees to participate in
such exchange and become a party to the Exchange Agreement.

[Balance of page intentionally left blank.]

20

 

     IN WITNESS WHEREOF, the Company has caused this Unit Purchase Option to be signed by its duly
authorized officer as of the   day of  , 2005.

	 	 	 	 	 
	 	COMMUNITY BANKERS ACQUISITION CORP.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

21

 

Form To Be Used To Exercise Unit Purchase Option

Community Bankers Acquisition Corp.

717 King Street

Alexandria, Virginia 22314

Date:           , 20

     The undersigned hereby elects irrevocably to exercise all or a portion of the within Unit
Purchase Option and to purchase           Units of Community Bankers Acquisition Corp. and hereby makes
payment of $           (at the rate of $            per Unit) in payment of the Exercise Price pursuant thereto. Please
issue the Common Stock and Warrants as to which this Unit Purchase Option is exercised in
accordance with the instructions given below.

or

     The undersigned hereby elects irrevocably to convert its right to purchase Units purchasable
under the within Unit Purchase Option by surrender of the unexercised portion of the attached Unit
Purchase Option (with a “Value” based of $            based on a “Market Price” of $           ). Please issue the
securities comprising the Units as to which this Unit Purchase Option is exercised in accordance
with the instructions given below.

	 	 	 
	 

	 	 
	 

	 	Signature
	 
	 	 
	 

	 	 
	 

	 	Signature Guaranteed

INSTRUCTIONS FOR REGISTRATION OF SECURITIES

	 	 	 	 	 
	Name:

	 	 	 	 
	 

	 	 	 	 

(Print in Block Letters)

	 	 	 	 	 
	Address:

	 	 	 	 
	 

	 	 	 	 

NOTICE: THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE
WITHIN UNIT PURCHASE OPTION IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR
BY A FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE.

22

 

Form To Be Used To Assign Unit Purchase Option

ASSIGNMENT

(To be executed by the Holder to effect a transfer of the within Unit Purchase Option)

     FOR VALUE RECEIVED,           does hereby sell, assign and transfer unto           the right to purchase           Units of
Community Bankers Acquisition Corp. (the “Company”) evidenced by the within Unit Purchase Option
and does hereby authorize the Company to transfer such right on the books of the Company.

Dated:           , 20

	 	 	 
	 

	 	 
	 

	 	Signature
	 
	 	 
	 

	 	 
	 

	 	Signature Guaranteed

NOTICE: THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE
WITHIN UNIT PURCHASE OPTION IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR
BY A FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE.

23exv10w2

 

Exhibit 10.2

INVESTMENT MANAGEMENT TRUST AGREEMENT

     This Agreement is made as of ___, 2005 by and between Community Bankers Acquisition
Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”).

     WHEREAS,
the Company’s Registration Statement on Form S-1,
No. 333-124240 (the
“Registration Statement”), for its initial public offering of securities (the “IPO”) has been
declared effective as of the date hereof by the Securities and Exchange Commission (the “Effective
Date”); and

     WHEREAS,
I-Bankers Securities Incorporated (“I-Bankers”), Newbridge
Securities Corp. and Legend Merchant Group, Inc. (the
“Representatives”) are acting as the representatives of the underwriters in the IPO; and

     WHEREAS, as described in the Company’s Registration Statement, and in accordance with the
Company’s Certificate of Incorporation, $54,900,000 of the gross
proceeds of the IPO ($63,135,000 if the underwriters’
over-allotment option is exercised in full) will be delivered to the
Trustee to be deposited and held in a trust account for the benefit
of the Company and the holders of the Company’s common stock,
par value $.01 per share, issued in the IPO (the amount to be
delivered to the Trustee will be referred to herein as the
“Property”; the stockholders for whose benefit the Trustee
shall hold the Property will be referred to as the “Public
Stockholders,” and the Public Stockholders and the Company will
be referred to together as the “Beneficiaries”); and

     WHEREAS,
a portion of the Property consists of $900,000 (or $1,035,000 if the
underwriters’ over-allotment option is exercised in full)
attributable to the underwriters’ discount which the
representatives of the underwriters, have agreed to deposit in the Trust Account (defined below); and

     WHEREAS, the Company and the Trustee desire to enter into this Agreement to set forth the
terms and conditions pursuant to which the Trustee shall hold the Property;

     IT IS AGREED:

1. Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to:

     (a) Hold the Property in trust for the
 Beneficiaries in accordance with the terms of this
Agreement, in a segregated
trust account (“Trust Account”) established by the Trustee at a branch of JPMorgan Chase NY Bank
selected by the Trustee;

     (b) Manage, supervise and administer the Trust Account subject to the terms and conditions set
forth herein;

     (c) In a timely manner, upon the instruction of the Company, to invest and reinvest the
Property in any “Government Security.” As used herein, Government Security means any Treasury Bill
issued by the United States, having a maturity of one hundred and
eighty days or less or other high-quality, short-term
interest-bearing investments meeting conditions of the Investment
Company Act of 1940;

 

 

     (d) Collect and receive, when due, all principal and income arising from the Property, which
shall become part of the “Property,” as such term is used herein;

     (e) Notify the Company of all communications received by it with respect to any Property
requiring action by the Company;

     (f) Supply any necessary information or documents as may be requested by the Company in
connection with the Company’s preparation of the tax returns for the Trust Account;

     (g) Participate in any plan or proceeding for protecting or enforcing any right or interest
arising from the Property if, as and when instructed by the Company
in writing to do so;

     (h) Render to the Company and to the Representative, and to such other person as the Company
may instruct, monthly written statements of the activities of and amounts in the Trust Account
reflecting all receipts and disbursements of the Trust Account; and

     (i) Commence
liquidation of the Trust Account upon receipt of and only in accordance
with the terms of a letter (the “Termination Letter”), in a form substantially similar to that
attached hereto as either Exhibit A or Exhibit B, signed on behalf of the Company by its President
or Chairman of the Board and Secretary, and complete the liquidation of the Trust Account and
distribute the Property in the Trust Account only as directed in the Termination Letter and the
other documents referred to therein.

2. Agreements and Covenants of the Company. The Company hereby agrees and covenants to:

     (a) Give all instructions to the Trustee hereunder in writing, signed by the Company’s
President or Chairman of the Board. In addition, except with respect
to its duties under Section 1(i) above, the Trustee shall be entitled to rely on, and shall be protected in relying on, any
verbal or telephonic advice or instruction which it in good faith believes to be given by any one
of the persons authorized above to give written instructions, provided that the Company shall
promptly confirm such instructions in writing;

     (b) Hold the Trustee harmless and indemnify the Trustee from and against, any and all
expenses, including reasonable counsel fees and disbursements, or loss suffered by the Trustee in
connection with any action, suit or other proceeding brought against the Trustee involving any
claim, or in connection with any claim or demand which in any way arises out of or relates to this
Agreement, the services of the Trustee hereunder, or the Property or any income earned from
investment of the Property, except for expenses and losses resulting from the Trustee’s gross
negligence or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or
claim or the commencement of any action, suit or proceeding, pursuant to which the Trustee intends
to seek indemnification under this paragraph, it shall notify the Company in writing of such claim
(hereinafter referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct
and manage the defense against such Indemnified Claim, provided,

Page 2 of 11

 

that the Trustee shall obtain the consent of the Company with respect to the selection of
counsel, which consent shall not be unreasonably withheld. The Company may participate in such
action with its own counsel; and

     (c) Pay the Trustee an initial acceptance fee of $1,000 and an annual fee of $3,000 (it being
expressly understood that the Property shall not be used to pay such fee). The Company shall pay
the Trustee the initial acceptance fee and first year’s fee at the consummation of the IPO and
thereafter on the anniversary of the Effective Date. The Trustee shall refund to the Company the
fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Fund. The
Trustee shall also be entitled to reimbursement from the Company for all expenses paid or incurred
by it in the administration of its duties hereunder including, but not limited to, all counsel,
advisors’ and agents’ fees and disbursements and all taxes or other governmental charges. The
Company shall not be responsible for any other fees or charges of the Trustee except as set forth
in this Section 2(c) and as may be provided in Section 2(b) hereof (it being expressly understood
that the Property shall not be used to make any payments to the
Trustee under such section).

3. Limitations of Liability. The Trustee shall have no responsibility or liability to:

     (a) Take
any action with respect to the Property, other than as directed in
Section 1 hereof
and the Trustee shall have no liability to any party except for liability arising out of its own
gross negligence or willful misconduct;

     (b) Institute any proceeding for the collection of any principal and income arising from, or
institute, appear in or defend any proceeding of any kind with respect to, any of the Property
unless and until it shall have received written instructions from the Company given as provided herein to
do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses
incident thereto;

     (c) Change
the investment of any Property, other than in compliance with Section 1(c);

     (d) Refund any depreciation in principal of any Property;

     (e) Assume
that the authority of any person designated by the Company to give
written instructions
hereunder shall not be continuing unless provided otherwise in such designation, or unless the
Company shall have delivered a written revocation of such authority to the Trustee;

     (f) The other parties hereto or to anyone else for any action taken or omitted by it, or any
action suffered by it to be taken or omitted, in good faith and in the exercise of its own best
judgment, except for its gross negligence or willful misconduct. The Trustee may rely conclusively
and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of
counsel (including counsel chosen by the Trustee), statement, instrument, report or other paper or
document (not only as to its due execution and the validity and effectiveness of its provisions,
but also as to the truth and acceptability of any information therein contained) which is believed
by the Trustee, in

Page 3 of 11

 

good faith, to be genuine and to be signed or presented by the proper person or persons. The
Trustee shall not be bound by any notice or demand, or any waiver, modification, termination or
rescission of this agreement or any of the terms hereof, unless evidenced by a written instrument
delivered to the Trustee signed by the proper party or parties and, if the duties or rights of the
Trustee are affected, unless it shall give its prior written consent thereto;

     (g) Verify the correctness of the information set forth in the Registration Statement or to
confirm or assure that any acquisition made by the Company or any other action taken by it is as
contemplated by the Registration Statement; and

     (h) Pay any taxes on behalf of the Trust Account (it being expressly understood that the
Property shall not be used to pay any such taxes and that such taxes, if any, shall be paid by the
Company from funds not held in the Trust Account).

4. Termination. This Agreement shall terminate as follows:

     (a) If the Trustee gives written notice to the Company that it desires to resign under this
Agreement, the Company shall use its reasonable efforts to locate a successor trustee. At such time
that the Company notifies the Trustee that a successor trustee has been appointed by the Company
and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer the
management of the Trust Account to the successor trustee, including but not limited to the transfer
of copies of the reports and statements relating to the Trust Account, whereupon this Agreement
shall terminate; provided, however, that, in the event that the Company does not locate a successor
trustee within ninety days of receipt of the resignation notice from the Trustee, the Trustee may
submit an application to have the Property deposited with the United States District Court for the
Southern District of New York and upon such deposit, the Trustee shall be immune from any liability
whatsoever;

     (b) At such time that the Trustee has completed the liquidation of the Trust Account in
accordance with the provisions of Section 1(i) hereof, and distributed the Property in accordance
with the provisions of the Termination Letter, this Agreement shall terminate except with respect
to Section 2(b); or

     (c) On such date after
___, 2007 when the Trustee shall have deposited the Property with the United
States District Court for the Southern District of New York in the event that, prior to such date,
the Trustee has not received a Termination Letter from the Company
pursuant to Section 1(i).

5. Miscellaneous.

     (a) The Company and the Trustee each acknowledge that the Trustee will follow the security
procedures set forth below with respect to funds transferred from the Trust Account. Upon receipt
of written instructions, the Trustee will confirm such instructions with an Authorized Individual
at an Authorized Telephone Number listed on the attached Exhibit C. The Company and the Trustee
will each restrict access to confidential information relating to such security procedures to
authorized persons. Each

Page 4 of 11

 

party must notify the other party immediately if it has reason to believe unauthorized persons
may have obtained access to such information, or of any change in its authorized personnel. In
executing funds transfers, the Trustee will rely upon account numbers or other identifying numbers
of a beneficiary, beneficiary’s bank or intermediary bank, rather than names. The Trustee shall not
be liable for any loss, liability or expense resulting from any error in an account number or other
identifying number, provided it has accurately transmitted the numbers provided.

     (b) This Agreement shall be governed by and construed and enforced in accordance with the laws
of the State of New York, without giving effect to conflict of laws. It may be executed in several
counterparts, each one of which shall constitute an original, and together shall constitute but one
instrument.

     (c) This Agreement contains the entire agreement and understanding of the parties hereto with
respect to the subject matter hereof. This Agreement or any provision hereof may only be changed,
amended or modified by a writing signed by each of the parties hereto; provided, however, that no
such change, amendment or modification may be made without the prior written consent of the
Representative. As to any claim, cross-claim or counterclaim in any way relating to this
Agreement, each party waives the right to trial by jury.

     (d) The parties hereto consent to the jurisdiction and venue of any state or federal court
located in the City of New York for purposes of resolving any disputes hereunder.

     (e) Any notice, consent or request to be given in connection with any of the terms or
provisions of this Agreement shall be in writing and shall be sent by express mail or similar
private courier service, by certified mail (return receipt requested), by hand delivery or by
facsimile transmission:

if to the Trustee, to:

Continental Stock Transfer & Trust Company

17 Battery Place

8th Floor

New York, New York 10004

Attn: Mr. Steven Nelson, President

Fax: (202) 509-5150

if to the Company, to:

Community Bankers Acquisition Corp.

717 King Street

Alexandria, Virginia 22314

Attn: Mr. Gary A. Simanson, President

Fax: (703) 757-8202

Page 5 of 11

 

in either
case with a copy on behalf of the representatives of the underwriters
to:

I-Bankers Securities Incorporated

1560 East Southlake Boulevard

Suite 232

Southlake, Texas 76092

Attn: Shelley Gluck, Chief Financial Officer

Fax: (817) 416-2264

Greenberg Traurig, LLP

600 Three Galleria Tower

13155 Noel Road
Dallas, TX 75240
Attn:Phillip Kushner, Esq.

Fax: (972) 419-1251

     (f) This Agreement may not be assigned by the Trustee without the prior consent of the
Company.

     (g) Each of the Trustee and the Company hereby represents that it has the full right and power
and has been duly authorized to enter into this Agreement and to perform its respective obligations
as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or
proceed against the Trust Account, including by way of set-off, and shall not be entitled to any
funds in the Trust Account under any circumstance.

[Signature page to follow]

Page 6 of 11

 

     IN WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement
as of the date first written above.

	 	 	 	 	 
	 	 	CONTINENTAL STOCK TRANSFER
	 	 	& TRUST COMPANY, as Trustee
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:
	 	Steven G. Nelson
	

	 	 	 	 
	

	 	Title:
	 	President
	

	 	 	 	 
	 
	 	 	 	 
	 	 	COMMUNITY BANKERS ACQUISITION
	 	 	CORP.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:
	 	Gary A. Simanson
	

	 	 	 	 
	

	 	Title:
	 	President
	

	 	 	 	 

Page 7 of 11

 

EXHIBIT A

[LETTERHEAD OF COMPANY]

[INSERT DATE]

Continental Stock Transfer & Trust Company

17 Battery Place

8th Floor

New York, New York 10004

	Attn:

	 	Steven Nelson, President	 	 
	Re:

	 	Trust Account No. [___]	 	 
	

	 	Termination Letter	 	 

Gentlemen:

     Pursuant
to Section 1(i) of the Investment Management Trust Agreement between Community
Bankers Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the
“Trustee”), dated as of ___, 2005 (the “Trust Agreement”), this is to advise you that the
Company has entered into an agreement (the “Business Agreement”) with ___(the
“Target Business”) to consummate a business combination with Target Business (“Business
Combination”) on or about [INSERT DATE]. The Company shall notify you at least 24 hours in advance
of the actual date of the consummation of the Business Combination (the “Consummation Date”).

     In accordance with the terms of the Trust Agreement, we hereby authorize you to commence
liquidation of the Trust Account to the effect that, on the Consummation Date, all of funds held in
the Trust Account will be immediately available for transfer to the account or accounts that the
Company shall direct in writing on the Consummation Date.

     On the Consummation Date (i) counsel for
 the Company shall deliver to you written notification
that the Business Combination has been consummated  and (ii) the Company shall
deliver to you written instructions with respect to the transfer of the funds held in the Trust
Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds
held in the Trust Account immediately upon your receipt of the
counsel’s letter and the Instruction
Letter. In the event that certain deposits
held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will
notify the Company of the same and the Company shall direct you as to whether such funds should
remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the
distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust
Agreement shall be terminated.

     In the event that the Business Combination is not consummated on the Consummation Date
described in the notice thereof and we have not notified you on or before the original Consummation
Date of a new Consummation Date, then the funds

 

 

held in the Trust Account shall be reinvested as provided in the Trust Agreement on the
business day immediately following the Consummation Date as set forth in the notice.

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	COMMUNITY BANKERS ACQUISITION
	 	 	CORP.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	 	 	Gary A. Simanson, President

 

 

EXHIBIT B

[LETTERHEAD OF COMPANY]

[INSERT DATE]

Continental Stock Transfer & Trust Company

17 Battery Place

8th Floor

New York, New York 10004

Attn: Steven Nelson, President

Re: Trust Account No. [___] Termination Letter

Gentlemen:

     Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between Community
Bankers Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the
“Trustee”), dated as of ___, 2005 (the “Trust Agreement”), this is to advise you that the
Board of Directors of the Company has voted to dissolve and liquidate the Company. Attached hereto
is a copy of the minutes of the meeting of the Board of Directors of the Company relating thereto,
certified by the Secretary of the Company as true and correct and in full force and effect.

     In accordance with the terms of the Trust
 Agreement, we hereby authorize and direct you to commence liquidation of the Trust Account. You will notify the Company and
___(the “Designated Paying Agent”) in writing as to when all of the funds in the Trust
Account will be available for immediate transfer (the “Transfer Date”). The Designated Paying Agent
shall thereafter notify you as to the account or accounts of the Designated Paying Agent that the
funds in the Trust Account should be transferred to on the Transfer Date so that the Designated
Paying Agent may commence distribution of such funds in accordance with the Company’s instructions.
You shall have no obligation to oversee the Designated Paying Agent’s distribution of the funds.
Upon the payment to the Designated Paying Agent of all the funds in the Trust Account, the Trust
Agreement shall be terminated.

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	COMMUNITY BANKERS ACQUISITION
	 	 	CORP.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	 	 	Gary A. Simanson, President

 

 

EXHIBIT C

AUTHORIZED INDIVIDUAL(S)

AUTHORIZED FOR TELEPHONE CALL BACK

	 	 	 	 	 
	COMPANY:

	 	Community Bankers Acquisition Corp.
	 	 
	

	 	717 King Street	 	 
	

	 	Alexandria, Virginia 22314	 	 
	

	 	Attn:Gary A. Simanson, President	 	 
	

	 	Telephone:(703)759-2502	 	 
	 
	 	 	 	 
	TRUSTEE:

	 	Continental Stock Transfer & Trust Company
	 	 
	

	 	17 Battery Place	 	 
	

	 	8th Floor	 	 
	

	 	New York, New York 10004	 	 
	

	 	Attn:Steven G. Nelson, President	 	 
	

	 	Telephone:( 202 )845-3201

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