Document:

Form of Indemnification Agreement

 Exhibit 10.1 
 INDEMNIFICATION AGREEMENT 
 AGREEMENT, dated as of [•], by and between
Pacific Capital Bancorp, a corporation organized under the laws of the State of Delaware (the “Company”), and [•] (the “Indemnitee”). 
 WHEREAS, it is essential to the Company to retain and attract as directors and officers the most capable persons available; 
 WHEREAS, the Indemnitee is a director and/or officer of the Company; 
 WHEREAS,
the Company and the Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of companies in today’s environment; 

WHEREAS, Section 145 of the Delaware General Corporation Law, the Company’s Certificate of Incorporation (“Certificate
of Incorporation”) and the Company’s Bylaws (“Bylaws”) authorize the Company to indemnify and advance expenses to its directors and officers to the extent provided therein, and the Indemnitee serves as a director
and/or officer of the Company, in part, in reliance on such provisions; 
 WHEREAS, the Company has determined that its
inability to retain and attract as directors and officers the most capable persons would be detrimental to the interests of the Company, and that Company therefore should seek to assure such persons that indemnification and insurance coverage will
be available in the future; and 
 WHEREAS, in recognition of the Indemnitee’s need for substantial protection against
personal liability in order to enhance the Indemnitee’s continued service to the Company in an effective manner and the Indemnitee’s reliance on the Company’s Certificate of Incorporation and Bylaws, and in part to provide the
Indemnitee with specific contractual assurance that the protection promised by the Company’s Certificate of Incorporation and Bylaws will be available to the Indemnitee (regardless of, among other things, any amendment to or revocation of the
applicable provisions of the Company’s Certificate of Incorporation and Bylaws or any change in the composition of the governing bodies of the Company or any acquisition transaction relating to the Company), the Company wishes to provide in
this Agreement for the indemnification of and the advancing of expenses to the Indemnitee to the fullest extent (whether partial or complete) permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained, for the
continued coverage of the Indemnitee under the directors’ and officers’ liability insurance policy of the Company. 

NOW, THEREFORE, in consideration of the premises and of the Indemnitee continuing to serve the Company directly or, on its behalf or at
its request, as an officer, director, manager, member, partner, fiduciary or trustee of, or in a similar capacity with, another Person (as defined below) or any employee benefit plan, and intending to be legally bound hereby, the parties hereto
agree as follows: 

  
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 1.     Certain Definitions. In addition to terms defined
elsewhere herein, the following terms have the following meanings when used in this Agreement: 
  

	 	(a)	Agreement: means this Indemnification Agreement, as amended from time to time hereafter. 

 

	 	(b)	Board of Directors: means the Board of Directors of the Company. 

  

	 	(c)	Claim: means any threatened, asserted, pending or completed civil, criminal, administrative, investigative or other action, suit or proceeding of any kind
whatsoever, including any arbitration or other alternative dispute resolution mechanism, or any appeal of any kind thereof, or any inquiry or investigation, whether instituted by the Company, any governmental agency or any other party, that the
Indemnitee in good faith believes might lead to the institution of any such action, suit or proceeding, whether civil, criminal, administrative, investigative or other, including any arbitration or other alternative dispute resolution mechanism.

  

	 	(d)	 Indemnifiable Expenses: means (i) all expenses and liabilities, including judgments, fines, penalties, interest, amounts paid in settlement
with the approval of the Company, and counsel fees and disbursements (including, without limitation, experts’ fees, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and
courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim relating to any
Indemnifiable Event by reason of the fact that Indemnitee is, was or has agreed to serve as a director, officer, employee or agent of the Company, or while serving as a director or officer of the Company, is or was serving or has agreed to serve on
behalf of or at the request of the Company as a director, officer, manager, member, partner, fiduciary, trustee or in a similar capacity of another Person, or by reason of any action alleged to have been taken or omitted in any such capacity,
whether occurring before, on or after the date of this Agreement (any such event, an “Indemnifiable Event”), (ii) any liability pursuant to a loan guaranty (other than a loan guaranty given in a personal capacity) or otherwise,
for any indebtedness of the Company or any subsidiary of the Company, including, without limitation, any indebtedness which the Company or any subsidiary of the Company has assumed or taken subject to, and (iii) any liabilities which an
Indemnitee incurs as a result of acting on behalf of the Company (whether as a fiduciary or otherwise) in connection with the operation, administration or maintenance of an employee benefit plan or any related trust or funding mechanism (whether

  
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such liabilities are in the form of excise taxes assessed by the United States Internal Revenue Service, penalties assessed by the United States Department of Labor, restitutions to such a plan
or trust or other funding mechanism or to a participant or beneficiary of such plan, trust or other funding mechanism, or otherwise). 

  

	 	(e)	Indemnitee-Related Entities: means any corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise
(other than the Company or any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise Indemnitee has agreed, on behalf of the Company or at the Company’s request, to serve as a
director, officer, employee or agent and which service is covered by the indemnity described in this Agreement) from whom an Indemnitee may be entitled to indemnification or advancement of expenses with respect to which, in whole or in part, the
Company may also have an indemnification or advancement obligation (other than as a result of obligations under an insurance policy). 

  

	 	(f)	Jointly Indemnifiable Claim: means any Claim for which the Indemnitee shall be entitled to indemnification from both an Indemnitee-Related Entity and the Company
pursuant to applicable law, any indemnification agreement or the certificate of incorporation, bylaws, partnership agreement, operating agreement, certificate of formation, certificate of limited partnership or comparable organizational documents of
the Company and an Indemnitee-Related Entity. 

  

	 	(g)	Loss: means all losses, Claims, damages, fines, or penalties, including, without limitation, any legal or other expenses (including, without limitation, any
legal fees, judgments, fines, appeal bonds or related expenses) incurred in connection with defending, investigating or settling any Claim, fine, penalty or similar action. 

 

	 	(h)	Person: means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association, organization,
governmental entity or other entity. 

 2.     Basic Indemnification Arrangement;
Advancement of Indemnifiable Expenses. 
 (a) In the event that the Indemnitee was, is or becomes subject to, a party to or
witness or other participant in, or is threatened to be made subject to, a party to or witness or other participant in, a Claim by reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify the Indemnitee, or cause
such 

  
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Indemnitee to be indemnified, to the fullest extent permitted by the laws of the State of Delaware in effect on the date hereof and as amended from time to time, and shall hold the Indemnitee
harmless from and against all Losses that arise by reason of (or arising in part out of) an Indemnifiable Event; provided, however, that no change in the laws of the State of Delaware shall have the effect of reducing the benefits
available to the Indemnitee hereunder based on the laws of the State of Delaware as in effect on the date hereof or as such benefits may improve as a result of amendments after the date hereof. The rights of the Indemnitee provided in this
Section 2 shall include, without limitation, the rights set forth in the other sections of this Agreement. Payments of Indemnifiable Expenses shall be made as soon as practicable but in any event no later than twenty (20) calendar days
after written demand is presented to the Company, against any and all Indemnifiable Expenses. 
 (b) Upon request by the
Indemnitee, the Company shall advance, or cause to be advanced, any and all Indemnifiable Expenses incurred by the Indemnitee (an “Expense Advance”) on the terms and subject to the conditions of this Agreement, as soon as
practicable but in any event no later than twenty (20) calendar days after written demand, together with supporting documentation, is presented to the Company. The Company shall, in accordance with such request (but without duplication), either
(i) pay, or cause to be paid, such Indemnifiable Expenses on behalf of the Indemnitee, or (ii) reimburse, or cause the reimbursement of, the Indemnitee for such Indemnifiable Expenses. The Indemnitee’s right to an Expense Advance is
absolute and shall not be subject to any condition that the Board of Directors shall not have determined that the Indemnitee is not entitled to be indemnified under applicable law. However, the obligation of the Company to make an Expense Advance
pursuant to this Section 2(b) shall be subject to the condition that, if, when and to the extent that a final judicial determination is made (as to which all rights of appeal therefrom have been exhausted or lapsed) that the Indemnitee is not
entitled to be so indemnified under applicable law, the Company shall be entitled to be reimbursed by the Indemnitee (who hereby agrees to reimburse the Company) for all such amounts theretofore paid (it being understood and agreed that the
foregoing agreement by the Indemnitee shall be deemed to satisfy any requirement that the Indemnitee provide the Company with an undertaking to repay any Expense Advance if it is ultimately determined that the Indemnitee is not entitled to
indemnification under applicable law). The Indemnitee’s undertaking to repay such Expense Advances shall be unsecured and interest-free. 
 (c) Notwithstanding anything in this Agreement to the contrary, the Indemnitee shall not be entitled to indemnification or advancement of Indemnifiable Expenses pursuant to this Agreement in connection
with any Claim initiated by the Indemnitee unless (i) the Company has joined in or the Board of Directors of the Company has authorized or consented to the initiation of such Claim or (ii) the Claim is one to enforce the Indemnitee’s
rights under this Agreement (including an action pursued by the Indemnitee to secure a determination that the Indemnitee should be indemnified under applicable law). 
 (d) The indemnification obligations of the Company under Section 2(a) shall be subject to the condition that the Board of Directors shall not have determined (by

  
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majority vote of directors who are not parties to the applicable Claim) that the indemnification of the Indemnitee is not proper in the circumstances because the Indemnitee is not entitled to be
indemnified under applicable law. If the Board of Directors determines that the Indemnitee is not entitled to be indemnified in whole or in part under applicable law, the Indemnitee shall have the right to commence litigation in any court in the
State of Delaware having subject matter jurisdiction thereof and in which venue is proper, seeking an initial determination by the court or challenging any such determination by the Board of Directors or any aspect thereof, including the legal or
factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding. If the Indemnitee commences legal proceedings in a court of competent jurisdiction to secure a determination that the Indemnitee
should be indemnified under applicable law, any determination made by the Board of Directors that the Indemnitee is not entitled to be indemnified under applicable law shall not be binding, the Indemnitee shall continue to be entitled to receive
Expense Advances, and the Indemnitee shall not be required to reimburse the Company for any Expense Advance, until a final judicial determination is made in the Claim (as to which all rights of appeal therefrom have been exhausted or lapsed) that
the Indemnitee is not entitled to be so indemnified under applicable law. Any determination by the Board of Directors otherwise shall be conclusive and binding on the Company and the Indemnitee. 

(e) To the extent that the Indemnitee has been successful on the merits or otherwise in defense of any or all Claims relating in whole or
in part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal without prejudice, the Indemnitee shall be indemnified against all Indemnifiable Expenses actually and reasonably incurred in connection therewith,
notwithstanding an earlier determination by the Board of Directors that the Indemnitee is not entitled to indemnification under applicable law. 
 (f) Notwithstanding anything to the contrary herein, the Company shall not be obligated pursuant to the terms of this Agreement to indemnify Indemnitee for any acts or omissions or transactions from which
a director, officer, employee or agent may not be relieved of liability under applicable law. 
 (g) Notwithstanding any other
provisions contained herein, this Agreement and the rights and obligations of the parties hereto are subject to the requirements, limitations and prohibitions set forth in state and federal laws, rules, regulations, and orders regarding
indemnification and prepayment of expenses, legal or otherwise, and liabilities, including, without limitation, Section 145 of the Delaware General Corporation Code, Section 18(k) of the Federal Deposit Insurance Act and Part 359 of the
Federal Deposit Insurance Corporation’s Rules and Regulations and any successor regulations thereto. 

3.     Indemnification for Additional Expenses. The Company shall indemnify, or cause the indemnification of,
the Indemnitee against any and all Indemnifiable Expenses and, if requested by the Indemnitee, shall advance such Indemnifiable Expenses to the Indemnitee subject to and in accordance with Section 2, which are incurred by the Indemnitee in
connection with any action brought by the Indemnitee, the 

  
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Company or any other Person with respect to the Indemnitee’s right to: (i) indemnification or an Expense Advance by the Company under this Agreement or any provision of the
Company’s Certificate of Incorporation and/or Bylaws and/or (ii) recovery under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether the Indemnitee ultimately is determined to
be entitled to such indemnification, Expense Advance or insurance recovery, as the case may be; provided that the Indemnitee shall be required to reimburse such Indemnifiable Expenses in the event that a final judicial determination is made in the
Claim (as to which all rights of appeal therefrom have been exhausted or lapsed) that such action brought by the Indemnitee, or the defense by the Indemnitee of an action brought by the Company or any other Person, as applicable, was frivolous or in
bad faith. 
 4.     Partial Indemnity, Etc. If the Indemnitee is entitled under any provision of
this Agreement to indemnification by the Company for some or a portion of the Indemnifiable Expenses in respect of a Claim but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion
thereof to which the Indemnitee is entitled. 
 5.     Burden of Proof. In connection with any
determination by the Board of Directors, any court or otherwise as to whether the Indemnitee is entitled to be indemnified hereunder, the Board of Directors or court shall presume that the Indemnitee has satisfied the applicable standard of conduct
and is entitled to indemnification, and the burden of proof shall be on the Company or its representative to establish, by clear and convincing evidence, that the Indemnitee is not so entitled. 

6.     Reliance as Safe Harbor. The Indemnitee shall be entitled to indemnification for any action or omission
to act undertaken (a) in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports or statements furnished to the Indemnitee by the officers or employees of the Company or
any of its subsidiaries in the course of their duties, or by committees of the Board of Directors, or by any other Person as to matters the Indemnitee reasonably believes are within such other Person’s professional or expert competence, or
(b) on behalf of the Company in furtherance of the interests of the Company in good faith in reliance upon, and in accordance with, the advice of legal counsel or accountants, provided such legal counsel or accountants were selected with
reasonable care by or on behalf of the Company. In addition, the knowledge and/or actions, or failures to act, of any other director, officer, agent or employee of the Company shall not be imputed to the Indemnitee for purposes of determining the
right to indemnity hereunder. 
 7.     No Other Presumptions. For purposes of this Agreement, the
termination of any Claim, action, suit or proceeding, by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, shall not create a presumption that the
Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law. In addition, neither the failure of the Board of Directors to have made
a determination as to whether the Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by 

  
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the Board of Directors that the Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by the Indemnitee to secure a judicial
determination that the Indemnitee should be indemnified under applicable law shall be a defense to the Indemnitee’s claim or create a presumption that the Indemnitee has not met any particular standard of conduct or did not have any particular
belief. 
 8.     Nonexclusivity, Etc. The rights of the Indemnitee hereunder shall be in addition to
any other rights the Indemnitee may have under the Company’s Certificate of Incorporation and Bylaws, the laws of the State of Delaware, or otherwise. To the extent that a change in the laws of the State of Delaware or the interpretation
thereof (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under the Company’s Certificate of Incorporation and Bylaws, it is the intent of the parties hereto that the
Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. To the extent that there is a conflict or inconsistency between the terms of this Agreement and the Company’s Certificate of Incorporation or Bylaws, it
is the intent of the parties hereto that the Indemnitee shall enjoy the greater benefits regardless of whether contained herein, in the Company’s Certificate of Incorporation or Bylaws. No amendment or alteration of the Company’s
Certificate of Incorporation or Bylaws or any other agreement shall adversely affect the rights provided to Indemnitee under this Agreement. 
 9.     Liability Insurance. The Company shall use its reasonable best efforts to purchase and maintain a policy or policies of insurance with reputable insurance companies with
A.M. Best ratings of “A” or better, providing Indemnitee with coverage for any liability asserted against, or incurred by, Indemnitee or on Indemnitee’s behalf by reason of the fact that Indemnitee is or was or has agreed to serve as
a director, officer, employee or agent of the Company, or while serving as a director or officer of the Company, is or was serving or has agreed to serve on behalf of or at the request of the Company as a director, officer, employee or agent (which,
for purposes hereof, shall include a trustee, fiduciary, partner or manager or similar capacity) of another corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise, or arising out of
Indemnitee’s status as such, whether or not the Company would have the power to indemnify Indemnitee against such liability under the provisions of this Agreement. Such insurance policies shall have coverage terms and policy limits at least as
favorable to Indemnitee as the insurance coverage provided to any other director or officer of the Company. If the Company has such insurance in effect at the time the Company receives from Indemnitee any notice of the commencement of an action,
suit or proceeding, the Company shall give prompt notice of the commencement of such action, suit or proceeding to the insurers in accordance with the procedures set forth in the policy. The Company shall thereafter take all necessary or desirable
action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policy. 
 10.     Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against the Indemnitee, the
Indemnitee’s spouse, heirs, executors or personal or legal representatives after the 

  
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expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be extinguished and deemed released unless asserted by the timely
filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action such shorter period shall govern. 

11.     Amendments, Etc. No supplement, modification or amendment of this Agreement shall be binding unless
executed in writing by both of the parties hereto. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. No waiver of any of the provisions of this Agreement shall be
deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. In the event the Company or any of its subsidiaries enters into an indemnification agreement with
another director, officer, agent, fiduciary or manager of the Company or any of its subsidiaries containing a term or terms more favorable to the indemnitee than the terms contained herein (as determined by the Indemnitee), the Indemnitee shall be
afforded the benefit of such more favorable term or terms and such more favorable term or terms shall be deemed incorporated by reference herein as if set forth in full herein. As promptly as practicable following the execution by the Company or the
relevant subsidiary of each indemnity agreement with any such other director, officer or manager (i) the Company shall send a copy of the indemnity agreement to the Indemnitee, and (ii) if requested by the Indemnitee, the Company shall
prepare, execute and deliver to the Indemnitee an amendment to this Agreement containing such more favorable term or terms. 

12.     Subrogation. Subject to Section 13, in the event of payment by the Company under this Agreement,
the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee with respect to any insurance policy. Indemnitee shall execute all papers reasonably required and shall do everything that may be
reasonably necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights. The Company shall pay or reimburse all expenses actually and reasonably incurred
by Indemnitee in connection with such subrogation. 
 13.     Jointly Indemnifiable Claims. Given
that certain Jointly Indemnifiable Claims may arise due to the relationship between the Indemnitee-Related Entities and the Company and the service of the Indemnitee as a director and/or officer of the Company at the request of the
Indemnitee-Related Entities, the Company acknowledges and agrees that the Company shall be fully and primarily responsible for the payment to the Indemnitee in respect of indemnification and advancement of Indemnifiable Expenses in connection with
any such Jointly Indemnifiable Claim, pursuant to and in accordance with the terms of this Agreement, irrespective of any right of recovery the Indemnitee may have from the Indemnitee-Related Entities. Under no circumstance shall the Company be
entitled to any right of subrogation or contribution by the Indemnitee-Related Entities and no right of recovery the Indemnitee may have from the Indemnitee-Related Entities shall reduce or otherwise alter the rights of the Indemnitee or the
obligations of the Company hereunder. In the event that any of the Indemnitee-Related Entities shall make any payment to the Indemnitee in respect of indemnification or 

  
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advancement of expenses with respect to any Jointly Indemnifiable Claim, the Indemnitee-Related Entity making such payment shall be subrogated to the extent of such payment to all of the rights
of recovery of the Indemnitee against the Company under the terms of this Agreement, and the Indemnitee shall execute all papers reasonably required and shall do all things that may be reasonably necessary to secure such rights, including the
execution of such documents as may be necessary to enable the Indemnitee-Related Entities effectively to bring suit to enforce such rights. Each of the Indemnitee-Related Entities shall be third-party beneficiaries with respect to this
Section 13, entitled to enforce this Section 13 against the Company as though each such Indemnitee-Related Entity were a party to this Agreement. 
 14.     No Duplication of Payments. Subject to Section 13 hereof, the Company shall not be liable under this Agreement to make any payment in connection with any Claim made
against the Indemnitee to the extent the Indemnitee has otherwise actually received payment (under any insurance policy, any provision of the Company’s Certificate of Incorporation and Bylaws, or otherwise) of the amounts otherwise
indemnifiable hereunder. 
 15.     Defense of Claims. The Company shall be entitled to participate
in the defense of any Claim relating to an Indemnifiable Event or to assume the defense thereof, with counsel reasonably satisfactory to the Indemnitee; provided that if the Indemnitee reasonably believes, after consultation with counsel
selected by the Indemnitee, that (i) the use of counsel chosen by the Company to represent the Indemnitee would present such counsel with an actual or potential conflict of interest, (ii) the named parties in any such Claim (including any
impleaded parties) include both (A) the Company or any subsidiary of the Company and (B) the Indemnitee, and the Indemnitee concludes that there may be one or more legal defenses available to him that are different from or in addition to
those available to the Company or any subsidiary of the Company or (iii) any such representation by such counsel would be precluded under the applicable standards of professional conduct then prevailing, then the Indemnitee shall be entitled to
retain separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any particular Claim) at the Company’s expense. The Company shall not be liable to the Indemnitee under this Agreement for any amounts paid
in settlement of any Claim relating to an Indemnifiable Event effected without the Company’s prior written consent. The Company shall not, without the prior written consent of the Indemnitee, effect any settlement of any Claim relating to an
Indemnifiable Event which the Indemnitee is or could have been a party unless such settlement solely involves the payment of money and includes a complete and unconditional release of the Indemnitee from all liability on all claims that are the
subject matter of such Claim. Neither the Company nor the Indemnitee shall unreasonably withhold its or his consent to any proposed settlement; provided that the Indemnitee may withhold consent to any settlement that does not provide a
complete and unconditional release of the Indemnitee. To the fullest extent permitted by Delaware law, the Company’s assumption of the defense of a Claim pursuant to this Section 15 will constitute an irrevocable acknowledgement by the
Company that any Indemnifiable Expenses incurred by or for the account of Indemnitee incurred in connection therewith are indemnifiable by the Company under Section 2 of this Agreement. 

  
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 16.     Binding Effect, Etc. This Agreement shall be binding upon
and inure to the benefit of and be enforceable by the parties hereto and their respective successors, (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or
assets of the Company), assigns, spouses, heirs, executors and personal and legal representatives. The Company shall require and cause any successor(s) (whether directly or indirectly, whether in one or a series of transactions, and whether by
purchase, merger, consolidation, or otherwise) to all or a significant portion of the business and/or assets of the Company and/or its subsidiaries (on a consolidated basis), by written agreement in form and substance reasonably satisfactory to the
Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place; provided that no such assumption shall relieve the
Company from its obligations hereunder and any obligations shall thereafter be joint and several. This Agreement shall continue in effect regardless of whether the Indemnitee continues to serve as a director or officer of the Company and/or on
behalf of or at the request of the Company as a director, officer, manager, member, partner, fiduciary, trustee or in a similar capacity of another Person. Except as provided in this Section 16, neither party shall, without the prior written
consent of the other, assign or delegate this Agreement or any rights or obligations hereunder. 
 17.    
Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever, (a) the validity, legality and enforceability of the remaining provisions of this Agreement
(including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected
or impaired thereby and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or
unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable and to give effect to the terms of this Agreement. 

18.     Specific Performance, Etc. The parties recognize that if any provision of this Agreement is violated
by the parties hereto, the Indemnitee may be without an adequate remedy at law. Accordingly, in the event of any such violation, the Indemnitee shall be entitled, if the Indemnitee so elects, to institute proceedings, either in law or at equity, to
obtain damages, to enforce specific performance, to enjoin such violation, or to obtain any relief or any combination of the foregoing as the Indemnitee may elect to pursue. 
 19.     Notices. All notices, requests, consents and other communications hereunder to any party shall be deemed to be sufficient if contained in a written document delivered in
person or sent by telecopy, nationally recognized overnight courier or personal delivery, addressed to such party at the address set forth below or such other address as may hereafter be designated on the signature pages of this Agreement or in
writing by such party to the other parties: 

  
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	 	(a)	If to the Company, to: 

 Pacific Capital Bancorp 
 P.O. Box 60839 

Santa Barbara, CA 93160-0839 
 Attn: Chief Executive Officer 
 Telephone: (805) 564-6405

 Fax: (805) 882-3856 

with copies to (which copies alone shall not constitute notice): 

Manatt, Phelps & Phillips, LLP 

695 Town Center Drive, 14th Floor 
 Costa Mesa, California 92626 
 Attn: Joshua A. Dean 

Telephone: (714) 371-2500 
 Fax: (714) 371-2550 
  

	 	(b)	If to the Indemnitee, to the address set forth on Annex A hereto. 

 All such notices, requests, consents and other communications shall be deemed to have been given or made if and when received (including by overnight courier) by the parties at the above addresses or sent
by electronic transmission, with confirmation received, to the telecopy numbers specified above (or at such other address or telecopy number for a party as shall be specified by like notice). Any notice delivered by any party hereto to any other
party hereto shall also be delivered to each other party hereto simultaneously with delivery to the first party receiving such notice. 
 20.     Counterparts. This Agreement may be executed in counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute
one and the same agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 

21.     Headings. The headings of the sections and paragraphs of this Agreement are inserted for convenience
only and shall not be deemed to constitute part of this Agreement or to affect the construction or interpretation thereof. 

22.     Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the
laws of the State of Delaware applicable to contracts made and to be performed in such state without giving effect to the principles of conflicts of laws. 
 23.     Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior
agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in furtherance of the Company’s
Certificate of Incorporation and Bylaws and applicable law. 
 [SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

			
	PACIFIC CAPITAL BANCORP
		
	By:	 	 
		 	     Name:

    Title:

	
	 
	[•]

  
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 Annex A 
 Name and Business Address. 
  

					
		
	  
	 	
		
	  
	 	
		
	  
	 	
		
	  
	 	
			
	Attn:	 	  
	 	
			
	Tel:	 	  
	 	
			
	Fax:Exhibit 4.1

 Exhibit 4.1 
 INVESTOR RIGHTS AGREEMENT 
 AMONG 

XENITH CORPORATION 
 AND 
 THE INVESTOR SHAREHOLDERS AND OTHER SHAREHOLDERS 

LISTED ON EXHIBIT A HERETO 
 DATED JUNE 26, 2009 

 TABLE OF CONTENTS 

 

					
	 1. REGISTRATION RIGHTS
	  	 	1	  
		
	 1.1. Demand Registration Rights
	  	 	1	  
	 1.1.1. Request for Registration
	  	 	1	  
	 1.1.2. Demand Procedures
	  	 	2	  
	 1.1.3. Delay by Company
	  	 	3	  
	 1.1.4. Reduction
	  	 	3	  
	 1.1.5. Withdrawal
	  	 	4	  
	 1.2. Piggyback Registration Rights
	  	 	4	  
	 1.2.1. Request
	  	 	4	  
	 1.2.2. Reduction
	  	 	4	  
	 1.3. Registration on Form S-3
	  	 	5	  
	 1.4. Registration Procedures
	  	 	5	  
	 1.5. Holdback Agreements
	  	 	7	  
	 1.5.1. Company Suspension
	  	 	7	  
	 1.5.2. Lockup Agreements
	  	 	7	  
	 1.6. Registration Expenses
	  	 	8	  
	 1.6.1. Holder Expenses
	  	 	8	  
	 1.6.2. Company Expenses
	  	 	8	  
	 1.6.3. Indemnity and Contribution
	  	 	8	  
	 1.7. Grant and Transfer of Registration Rights
	  	 	11	  
	 1.8. Information from Holder
	  	 	11	  
	 1.9. Rule 144 Requirements
	  	 	11	  
		
	 2. ELECTION OF DIRECTORS
	  	 	12	  
		
	 2.1. Bankcap Designees
	  	 	12	  
	 2.2. Removal and Substitution of Board Members
	  	 	12	  
	 2.3. Vacancies on Board of Directors
	  	 	12	  
		
	 3. DEFINITIONS
	  	 	12	  
		
	 4. MISCELLANEOUS
	  	 	13	  
		
	 4.1. Entire Agreement; Amendment
	  	 	13	  
	 4.2. Waiver
	  	 	14	  
	 4.3. Termination
	  	 	14	  
	 4.4. Assignment
	  	 	14	  
	 4.5. Governing Law
	  	 	14	  
	 4.6. Notices
	  	 	14	  
	 4.7. Execution in Counterparts
	  	 	15	  

 INVESTOR RIGHTS AGREEMENT 

THIS INVESTOR RIGHTS AGREEMENT (this “Agreement”) is entered into as of June 26, 2009 by and among (i) Xenith
Corporation, a Virginia corporation (“Xenith”), and (ii) the Persons listed on Exhibit A hereto (such Persons are referred to herein collectively as the “Holders” and individually as a “Holder”). 

WHEREAS, on the date hereof, each Holder has acquired that number of shares of Common Stock, $1.00 par value, of Xenith Corporation (the
“Xenith Common Stock”) set forth opposite its name on Exhibit A; 
 WHEREAS, for purposes of this
Agreement those Holders purchasing on the date hereof not less than 20% of the outstanding shares of Xenith Common Stock, giving effect to the shares of Xenith Common Stock issued to the Holders on the date hereof but excluding all outstanding
options and warrants, shall be referred to herein as the “Institutional Investors”; and 
 WHEREAS, the Company, as
defined in Article 3, and the Holders desire to enter into this Agreement in order to provide the Institutional Investors and the Holders with certain rights with respect to the election of directors and the registration of their shares
of Common Stock, as defined in Article 3, including those shares issuable upon exercise of any options to purchase shares of Common Stock (the “Options”) and any warrants exercisable into shares of Common Stock (the
“Warrants”); and 
 WHEREAS, Xenith has entered into an Agreement of Merger, dated May 12, 2009, with First
Bankshares, Inc. (“FBS”) pursuant to which Xenith will merge into FBS (the “Merger”) with FBS being the surviving corporation and the shareholders of Xenith receiving shares of common stock of the surviving corporation (the
“XBS Common Stock”) as the merger consideration; and 
 WHEREAS, following the Merger, the rights and obligations of
the Parties under this Agreement will remain in effect with FBS assuming by operation of law the rights and obligations of Xenith. 
 WHEREAS, capitalized terms used in this Agreement and not otherwise defined shall have the meanings ascribed to them in Article 3 hereof. 

NOW, THEREFORE, for and in consideration of the foregoing and of the mutual covenants and agreements hereinafter set forth, the parties
hereto agree as follows: 
 1. REGISTRATION RIGHTS 
 1.1. Demand Registration Rights 
 1.1.1. Request for Registration

 Subject to the terms and conditions hereinafter set forth, at any time beginning on the second anniversary of the date
hereof, Institutional Investors having rights to request registration pursuant to the last sentence of Section 1.1.2 may request registration for sale under the Act of all or part of the Registrable Securities then held by them, and upon
such request the Company 

 
will promptly take the actions specified in Section 1.1.2; provided that the Company shall have no obligation to effect a registration pursuant to this
Section 1.1.1 unless such registration includes a number of Registrable Securities representing at least 20% of the Registrable Securities held by all Institutional Investors at the time of such request. 

1.1.2. Demand Procedures 
 Within ten (10) Business Days after receipt by the Company of a written registration request under Section 1.1.1 or Section 1.3 (which request shall specify the number of
shares proposed to be registered and sold and the manner in which such sale is proposed to be effected), the Company shall promptly give written notice to all other Holders of the proposed registration, and such other Holders shall have the right to
join in the proposed registration and sale, upon written request to the Company (which request shall specify the number of shares of Common Stock proposed to be registered and sold) within ten (10) Business Days after receipt of such notice
from the Company. Subject to the provisions of Section 1.1.4, the proposed registration and sale may include securities offered by the Company for its own account and/or other securities of the Company that are held by Other
Shareholders, if any. The Company shall thereafter, as expeditiously as practicable, use its best efforts to (i) file with the SEC under the Act a registration statement on an appropriate form concerning all Registrable Securities specified in
the demand request and all Registrable Securities or other securities of the Company with respect to which the Company has received the written request from the other Holders or Other Shareholders, as the case may be, and (ii) cause the
registration statement to be declared effective. At the request of the Institutional Investors making such demand, the Company shall cause each offering pursuant to Section 1.1.1 to be managed, on a firm commitment basis, by a recognized
regional or national underwriter selected by the Institutional Investors and approved by the Company, such approval not to be unreasonably withheld, and the Company shall enter into an underwriting agreement in customary form and containing
customary terms reasonably acceptable to the Company and the Institutional Investors with the underwriter or underwriters selected for such underwriting. All Holders, including the Institutional Investors, and Other Shareholders intending to
participate in such proposed registration must agree to distribute their securities through such underwriting and shall be required to enter into an underwriting agreement in customary form. The Company shall not be obligated to effect more than
three (3) registrations in total requested by the Institutional Investors under Section 1.1.1 or more than one (1) registration under Section 1.1.1 or Section 1.3 in any consecutive nine-month period;
provided, however, that any such request shall be deemed satisfied only when a registration statement covering at least 80% of the Registrable Securities specified in the notices as aforesaid and not withdrawn pursuant to
Section 1.1.5, for sale in accordance with the method of disposition specified by the Institutional Investors, has become effective; provided further, that as among the Institutional Investors: (i) BCP Fund I Virginia
Holdings, LLC shall have the sole and exclusive right to request two (2) registrations under Section 1.1.1, and (ii) each other Institutional Investor shall have the sole and exclusive right to request one (1) registration
under Section 1.1.1, provided that in each case the requested registration otherwise satisfies the conditions of Section 1.1.1. 

  
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 1.1.3. Delay by Company 

The Company shall not be required to effect a demand registration under the Act pursuant to Section 1.1.1 or
Section 1.3 hereof if (i) the Company receives a request for any such registration less than ninety (90) days preceding the anticipated effective date of a proposed underwritten public offering of securities of the Company
approved by the Company’s Board of Directors prior to the Company’s receipt of the request and in such event the Company shall not be required to effect any such requested registration until one hundred twenty (120) days after the
effective date of such proposed underwritten public offering, provided that the Company makes reasonable good faith efforts to cause such underwritten public offering to be declared effective; (ii) within ninety (90) days prior to any such
request for registration, a registration of securities of the Company has been effected in which the Holders had the right to participate pursuant to this Section 1.1 or Section 1.2 hereof; or (iii) the Board of
Directors of the Company reasonably determines in good faith that effecting such a demand registration at such time would be seriously detrimental to the Company (and the Chief Executive Officer of the Company provides a signed certificate to that
effect to the Institutional Investors requesting such registration) because it would (a) necessitate the untimely disclosure of a proposed business combination or other currently proposed transaction or (b) require premature disclosure of
material information that the Company has a bona fide business purpose for preserving as confidential; provided, however, that the Company may only delay a demand registration pursuant to this Section 1.1.3 for a period not
exceeding ninety (90) days (or until such earlier time as such transaction is consummated or no longer proposed) and may only defer any such filing pursuant to this Section 1.1.3 once per calendar year. The Company shall promptly
notify in writing the Holders requesting registration of any decision not to effect any such request for registration pursuant to this Section 1.1.3, which notice shall set forth in reasonable detail the reason for such decision and
shall include an undertaking by the Company promptly to notify such Holders as soon as a demand registration may be effected. 

1.1.4. Reduction 
 If a registration initiated by any Institutional Investors pursuant to Section 1.1.1 is an underwritten registration and the managing underwriters advise the Company and the Holders and any
Other Shareholders participating in the registration that in their opinion due to marketing factors the number of shares of Common Stock requested to be included in such registration exceeds the number which can reasonably be expected to be sold in
such offering, then the amount of such shares that may be included in such registration shall be allocated as follows: (i) first, the shares proposed to be sold by the Institutional Investors exercising rights under Section 1.1.1
and any other Institutional Investors proposing to sell shares of Common Stock pursuant to such registration in accordance with the terms hereof, shall be included in such registration and, if all such shares cannot be included in such registration
due to marketing factors, the amount of shares to be included in such registration by all such Institutional Investors shall be allocated pro rata among such Institutional Investors in proportion to the number of Registrable Securities owned by
them, (ii) second, the shares proposed to be sold by any other Holders shall be included in such registration and, if all such shares cannot be included in such underwriting due to marketing factors, the amount of shares to be included in such
registration by all such other Holders shall be allocated pro rata among such other Holders in proportion to the number of Registrable Securities owned by them, (iii) third, the shares proposed to be sold by the Company shall be included in
such registration, and (iv) fourth, the shares proposed to be sold by Other Shareholders shall be included in such registration and, if all such shares cannot be included in such underwriting due to marketing factors, the amount of shares to be
included in such registration by all such Other Shareholders shall be allocated pro rata among such Other Shareholders in proportion to the number of shares of Common Stock (calculated on an as-converted into Common Stock basis) owned by them.

  
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 1.1.5. Withdrawal 

Any Holder or Other Shareholder participating in any demand registration pursuant to this Section 1.1.5 may withdraw such
Holder’s or Other Shareholder’s shares from such registration at any time before a registration statement is declared effective, and the Company may withdraw such registration statement if no Registrable Securities are then proposed to be
included. Upon the request of Institutional Investors holding two-thirds (2/3rds) of the Registrable Securities held by all Institutional Investors participating in the demand registration, the Institutional Investors may withdraw their request
for registration pursuant to Section 1.1.1. In the event the Company is not obligated to effect any requested registration under Section 1.1.1 by virtue of Section 1.1.3 or this Section 1.1.5, such
request shall not be deemed to be a request for registration for purposes of Section 1.1.1 until such time as the registration is effected. 
 1.2. Piggyback Registration Rights 
 1.2.1. Request 

If at any time or times after the second anniversary of the date hereof the Company proposes to file a registration statement covering any
of its securities under the Act (whether to be sold by it or by one or more selling stockholders), other than (i) an offering pursuant to a demand registration under Section 1.1.1 hereof (in which case, the Holders shall be entitled
to receive notice of, and participate in, such registration in accordance with the terms of Section 1.1 hereof) or (ii) an offering registered on Form S-8 or Form S-4, or successor forms relating to employee stock plans and business
combinations, the Company shall, not less than ten (10) Business Days prior to the proposed filing date of the registration form, give written notice of the proposed registration to all Holders specifying in reasonable detail the proposed
transaction to be covered by the registration statement and, at the written request of any Holder delivered to the Company within twenty (20) days after the giving of such notice, but subject to the terms of Section 1.2.2 below, the
Company shall include in such registration and offering, and in any underwriting of such offering, all Registrable Securities as any such Holder shall request the Company to include in such registration and offering. The Company shall have no
obligation to include shares owned by any Holder in a registration statement pursuant to this Section 1.2 unless and until such Holder, if such registration is an underwritten offering, agrees to enter into an underwriting agreement, a
custody agreement and power of attorney and any other customary documents required in an underwritten offering all in customary form and containing customary provisions. 
 1.2.2. Reduction 
 If a registration in which any Holder has the right or is
otherwise permitted to participate pursuant to this Section 1.2 is an underwritten registration and the managing underwriters advise the Company in writing that in their opinion due to marketing factors the number of shares of Common
Stock requested to be included in such registration exceeds the number which can reasonably be expected to be sold in such offering, the Company shall include in such registration: (i) first, the shares proposed to be sold by the Company,
(ii) second, the shares 

  
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proposed to be sold by the Institutional Investors exercising rights under Section 1.2.1 and, if all such shares cannot be included in such registration due to marketing factors, the
amount of shares to be included in such registration by all such Institutional Investors shall be allotted pro rata among such Institutional Investors in proportion to the number of Registrable Securities owned by them; (iii) third, the shares
proposed to be sold by any other Holders exercising rights under Section 1.2.1 and, if all such shares cannot be included in such registration due to marketing factors, the amount of shares to be included in such registration by all such
Holders shall be allocated pro rata among such Holders in proportion to the number of Registrable Securities owned by them, and (iv) fourth, the shares proposed to be sold by any Other Shareholders proposing to sell shares of Common Stock
pursuant to such registration and, if all such shares cannot be included in such registration due to marketing factors, the amount of shares to be included in such registration by all such Other Shareholders shall be allocated pro rata among such
Other Shareholders in proportion to the number of shares of Common Stock (calculated on an as-converted into Common Stock basis) owned by them. 
 1.3. Registration on Form S-3 
 Subject to the limitations set forth in
Section 1.1.3 and the other terms and conditions hereinafter set forth, if at any time the Company is eligible to use Form S-3 (or any successor form) for secondary sales any Institutional Investor may request (by written notice to the
Company stating the number of Registrable Securities proposed to be sold and the intended method of disposition) that the Company file a registration statement on Form S-3 (or any successor form) for a public sale of all or any portion of the
Registrable Securities beneficially owned by it, or that the Company take all steps necessary to include such Registrable Securities in a Form S-3 that the Company has previously filed under Rule 415 under the Act (to the extent reasonably
practicable), provided that the reasonably anticipated aggregate price to the public of such Registrable Securities shall be at least $5,000,000. At the written request of the Institutional Investor requesting such registration, such registration
shall be for a delayed or continuous offering under Rule 415 under the Act. Upon receiving such request, the Company shall use its best efforts to promptly file a registration statement on Form S-3 (or any successor form), or file an appropriate
post-effective amendment or supplement to an existing registration statement, to register under the Act for public sale in accordance with the method of disposition specified in such request, the number of shares of Registrable Securities specified
in such request and shall otherwise carry out the actions applicable to this Section 1.3, as specified in Sections 1.1.2 and 1.4. There shall be no limitation on the total number of registrations on Form S-3 which
may be requested and obtained under this Section 1.3. 
 1.4. Registration Procedures 

Whenever any Holder has requested that any shares be registered pursuant to Sections 1.1, 1.2 or 1.3 hereof, the
Company shall, as expeditiously as reasonably possible: 
 (1) prepare and file with the SEC a registration
statement, or prepare and file an appropriate post-effective amendment or supplement to an existing registration statement, with respect to such shares and use its best efforts to cause such registration statement, post-effective amendment or
supplement to become effective as soon as reasonably practicable thereafter (provided that before filing a registration statement or prospectus or any amendments or supplements thereto, the Company shall, to the extent practicable, furnish such
Holder with copies of all such documents proposed to be filed); 

  
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 (2) prepare and file with the SEC such amendments and supplements to such
registration statement and prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of not less than one-hundred eighty (180) days (or, in the case of a registration pursuant to
Section 1.3 hereof, for a period of not less than three (3) years or until such time as there are no Registrable Securities covered by the registration statement; provided that the Company shall only be required to
keep such registration statement effective for such extended period of time to the extent it is eligible to use Form S-3), or until such earlier time as such Holder has completed the distribution described in such registration statement, whichever
occurs first; 
 (3) furnish to such Holder such number of copies of such registration statement, each amendment
and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus), and such other documents as such Holder may reasonably request; 

(4) use its reasonable best efforts to register or qualify such shares under such other securities or blue sky laws of
such jurisdictions as such Holder reasonably requests (and to maintain such registrations and qualifications effective for the applicable period of time set forth in Section 1.4(2) hereof), and to do any and all other acts and things
which may be necessary or advisable to enable such Holder to consummate the disposition in such jurisdictions of such shares (provided that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it
would not be required but for this subsection (4), (ii) subject itself to taxation in any such jurisdiction, or (iii) file any general consent to service of process in any such jurisdiction); 

(5) notify such Holder, at any time when a prospectus relating thereto is required to be delivered under the Act within
the period that the Company is required to keep the registration statement effective, of the happening of any event as a result of which the prospectus included in any such registration statement contains an untrue statement of a material fact or
omits to state a material fact necessary to make the statements therein not misleading in light of the circumstances then existing, and the Company shall use its reasonable best efforts to prepare, file and furnish to such Holder a supplement or
amendment to such prospectus so that, as thereafter delivered to the purchasers of such shares, such prospectus will not contain an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein not
misleading in light of the circumstances then existing; 
 (6) cause all such shares to be listed on securities
exchanges (or national quotation systems), if any, on which similar securities issued by the Company are then listed (or if not then listed, on such exchanges (or national quotation systems) as are requested by the Holders of a majority of the
Registrable Securities being included in such registration); 

  
 6 

 (7) provide a transfer agent and registrar and a CUSIP number for all such
shares not later than the effective date of such registration statement; 
 (8) enter into such customary
agreements and, subject to the terms hereof, take all such other customary actions as such Holder reasonably requests (and subject to its reasonable approval) in order to expedite or facilitate the disposition of such shares; 

(9) subject to the execution of a customary confidentiality agreement, make available for inspection by such Holder, by
any underwriter participating in any distribution pursuant to such registration statement, and by any attorney, accountant or other agent retained by such Holder or by any such underwriter, all financial and other records, pertinent corporate
documents, and properties (other than confidential intellectual property) of the Company; and 
 (10) in
connection with an underwritten offering pursuant to a registration statement filed pursuant to Sections 1.1 and 1.3 hereof, enter into an underwriting agreement in customary form and containing reasonable customary provisions,
including provisions for indemnification of underwriters and contribution, if so requested by any underwriter. 
 1.5.
Holdback Agreements 
 1.5.1. Company Suspension 

Notwithstanding anything in this Agreement to the contrary, if, after any registration statement to which the rights hereunder
apply becomes effective (and prior to completion of any sales thereunder), the Company’s Board of Directors determines in good faith that the failure of the Company to (i) suspend sales of stock under the registration statement or
(ii) amend or supplement the registration statement, would be seriously detrimental to the Company as described in Section 1.1.3 hereof, the Company shall so notify each Holder participating in such registration and each Holder
shall suspend any further sales under such registration statement until the Company advises such Holders that the registration statement has been amended or that conditions no longer exist which would require such suspension, provided that
(x) the Company may impose any such suspension for no more than ninety (90) days (inclusive of any days for which a registration request has been delayed pursuant to Section 1.1.3 during the past twelve months) and no more than
once during any twelve month period and (y) the Company shall use its best efforts to amend the registration statement or otherwise take action to permit sales thereunder as soon as practicable.  

1.5.2. Lockup Agreements 
 In the event that the Company effects a registration of any securities under the Act in an underwritten public offering, each Holder agrees not to effect any sale, including any sale pursuant to Rule 144
under the Act, of any Equity Securities (except as part of such offering) during the 90-day period commencing with the effective date of the registration statement for such public offering, provided that all holders of five percent (5%) or more
of the Company’s outstanding Equity Securities and all officers and directors of the Company, to the extent that they hold Equity Securities, enter into similar agreements providing for similar restrictions on

  
 7 

 
sales; provided, however, that the agreement set forth in this Section 1.5.2 shall terminate and be of no further force or effect with respect to all Holders if any
holder of five percent (5%) or more of the Company’s outstanding Equity Securities, any officer or director of the Company that has executed a similar agreement or any Holder hereunder shall have received a waiver relieving it of its
obligations hereunder or under any such similar agreement. The Company may impose stop-transfer instructions to enforce the provisions of this Section 1.5.2. 

1.6. Registration Expenses 
 1.6.1. Holder Expenses 
 If, pursuant to Sections 1.1, 1.2 or
1.3 hereof, Registrable Securities are included in a registration statement, then the Holder thereof shall pay all transfer taxes, if any, relating to the sale of its shares, and any underwriting discounts or commissions or the equivalent
thereof applicable to the sale of its shares (collectively, “Seller Expenses”). If, as a result of the withdrawal of a request for registration by the Institutional Investors pursuant to Section 1.1.5, a registration
under Section 1.1.1 does not become effective, upon the election of Institutional Investors holding two-thirds (2/3rds) of the Registrable Securities held by all Institutional Investors, the Institutional Investors shall have the
option of reimbursing the Company for any Registration Expenses incurred as a result of such request pro rata on the basis of the number of their shares so included in the registration request (except for the fees of any counsel for the
Holders, which shall be borne only by the persons whom such counsel represented, pro rata on the basis of the number of their shares so included in the registration request) in which case such registration shall not be counted as a
registration pursuant to Section 1.1.1. In the event that a withdrawal by the Institutional Investors is based on material adverse information relating to the Company that is different from the information known or available to the
Institutional Investors at the time of their request for registration under Section 1.1.1, any Registration Expenses relating to such registration shall be borne by the Company and such registration shall not be counted as a registration
pursuant to Section 1.1.1. 
 1.6.2. Company Expenses 

Except for Seller Expenses, the Company shall pay all expenses (“Registration Expenses”) incident to the registration of shares
by the Company and any Holders pursuant to Sections 1.1, 1.2 and 1.3 and to the Company’s performance of or compliance with this Agreement in connection therewith, including, without limitation, all registration and filing
fees, fees and expenses of compliance with state securities or blue sky laws, printing expenses, messenger and delivery expenses, and reasonable fees and expenses of counsel for the Company and a single counsel for all Holders selling shares and all
independent certified public accountants and other persons retained by the Company in connection therewith. 
 1.6.3.
Indemnity and Contribution 
 In the event that any shares owned by a Holder are proposed to be offered by means of a
registration statement pursuant to Sections 1.1, 1.2 or 1.3 hereof, to the extent permitted by law, the Company agrees to indemnify and hold harmless such Holder, any underwriter participating in such offering, each officer,
partner, manager and director of such Holder or underwriter, each other Person, if any, who Controls or may Control such Holder or underwriter and each 

  
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representative of any Holder serving on the Board of Directors of the Company (such Holder or underwriter, its officers, partners, managers and directors and such other Persons being hereinafter
referred to individually as an “Investor Indemnified Person” and collectively as “Investor Indemnified Persons”) from and against all demands, claims, actions or causes of action, assessments, losses, damages, liabilities, costs,
and expenses, including, without limitation, interest, penalties, and reasonable attorneys’ fees and disbursements, asserted against, resulting to, imposed upon or incurred by such Investor Indemnified Person, directly or indirectly
(hereinafter referred to in this Section 1.6.3 in the singular as a “claim” and in the plural as “claims”), based upon, arising out of or resulting from any untrue statement (or alleged untrue statement) of a material
fact contained in a registration statement, prospectus, offering circular, free writing prospectus or other document to which such registration relates or any omission (or alleged omission) to state therein a material fact necessary to make the
statements made therein not misleading in light of the circumstances in which such statements are made, except insofar as such claim is based upon, arises out of or results from information furnished to the Company in writing by such Investor
Indemnified Person specifically for use in the registration statement, prospectus, offering circular, free writing prospectus or other document to which such registration relates. 

Each Holder shall, if securities held by him, her or it are included among the securities as to which such registration, qualification or
compliance is being effected, indemnify the Company, each of its directors and officers, and each Person who Controls the Company (the Company, its directors, officers and each Person who Controls the Company being hereinafter referred to
individually as a “Company Indemnified Person” and collectively as “Company Indemnified Persons”), and any underwriter participating in such offering and any other Holders who have included Registrable Securities in such
registration and each officer, partner, manager and director of such underwriter or Holder and each other Person, if any, who Controls or may Control such underwriter or Holder against all claims based on, arising out of, or resulting from any
untrue statement (or alleged untrue statement) of a material fact contained in a registration statement, prospectus, offering circular, free writing prospectus or other document to which such registration relates or any omission (or alleged
omission) to state therein a material fact necessary to make the statements made therein not misleading in light of the circumstances in which such statements are made, in each case to the extent, but only to the extent, that such untrue statement
(or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, prospectus, offering circular, free writing prospectus or other document in reliance upon and in conformity with written information furnished to
the Company by such Holder specifically for use therein; provided, however, that the obligations of such Holder hereunder shall be limited to an amount equal to the net proceeds to such Holder of securities sold in such offering as
contemplated herein, except in the case of fraud or willful misconduct by such Holder. 
 The indemnification provisions set
forth herein shall be in addition to any liability that the Company or any Holder may otherwise have to the Investor Indemnified Persons, the Company Indemnified Persons or the other Persons entitled to indemnification hereunder. The Company
Indemnified Persons, the Investor Indemnified Persons and the other Persons entitled to indemnification hereunder are hereinafter referred to as “Indemnified Persons.” Promptly after receiving notice of any claim in respect of which an
Indemnified Person may seek indemnification under this Section 1.6.3, such Indemnified Person shall submit written notice 

  
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thereof to either the Company or the Holders, as the case may be (sometimes being hereinafter referred to as an “Indemnifying Person”). The omission of the Indemnified Person so to
notify the Indemnifying Person of any such claim shall not relieve the Indemnifying Person from any liability it may have hereunder except to the extent that (a) such liability was caused or increased by such omission, or (b) the ability
of the Indemnifying Person to reduce such liability was materially adversely affected by such omission. In addition, the omission of the Indemnified Person so to notify the Indemnifying Person of any such claim shall not relieve the Indemnifying
Person from any liability it may have otherwise than hereunder. The Indemnifying Person shall have the right to undertake, by counsel or representatives of its own choosing, the defense, compromise or settlement (without admitting liability of the
Indemnified Person) of any such claim asserted, such defense, compromise or settlement to be undertaken at the expense of the Indemnifying Person, and the Indemnified Person shall have the right to engage separate counsel, at its own expense, and
counsel for the Indemnifying Person shall keep the separate counsel for the Indemnified Person informed of the status of, and shall otherwise consult with such separate counsel with respect to, any such action or proceeding; provided,
however, that the Indemnified Person shall have the right to retain one separate counsel, with the reasonable fees and expenses to be paid by the Indemnifying Person, if representation of such Indemnified Person by the counsel retained by the
Indemnifying Person would be inappropriate due to actual or potential differing interests between such Indemnified Person and any other party represented by such counsel in such proceeding. In the event the Indemnifying Person shall elect not to
undertake such defense by its own representatives, the Indemnifying Person shall give prompt written notice of such election to the Indemnified Person, and the Indemnified Person shall undertake the defense, compromise or settlement (without
admitting liability of the Indemnifying Person) thereof on behalf of and for the account of the Indemnifying Person by counsel or other representatives designated by the Indemnified Person, with the reasonable fees and expenses of such counsel to be
paid by the Indemnifying Person. Notwithstanding the foregoing, no Indemnifying Person shall be obligated hereunder with respect to amounts paid in settlement of any claim if such settlement is effected without the consent of such Indemnifying
Person (such consent not to be unreasonably withheld). 
 If the indemnification provided for in this Section 1.6 is
held by a court of competent jurisdiction to be unavailable to an Indemnified Person, then the Indemnifying Person, in lieu of indemnifying such Indemnified Person hereunder, shall contribute to the amount paid or payable by such Indemnified Person
as a result of any claims in such proportion as is appropriate to reflect the relative fault of the Indemnified Person on the one hand and the Indemnifying Person on the other in connection with the statements or omissions (or alleged statements or
omissions) that resulted in such claims as well as any other relevant equitable considerations. The relative fault of the Indemnified Person and the Indemnifying Person shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Indemnifying Person or by the Indemnified Person and the parties’ relative intent, knowledge and
access to information and opportunity to correct or prevent such statement or omission (or alleged statement or omission). In no event will the liability of any Holder for contribution exceed the net proceeds received by such Holder in any sale of
securities to which such liability relates except in the case of fraud or willful misconduct by such Holder. 

  
 10 

 Notwithstanding the foregoing, to the extent that the provisions on indemnification and
contribution contained in the underwriting agreement entered into in connection with any underwritten public offering contemplated by this Agreement are in conflict with the foregoing provisions, the provisions in such underwriting agreement shall
be controlling. 
 1.7. Grant and Transfer of Registration Rights 

Except for registration rights granted by the Company after the date hereof which are subordinate to the rights of the Holders hereunder,
the Company shall not grant any registration rights to any other Person without the prior written consent of the Institutional Investors holding at least two-thirds (2/3rds) of all Registrable Securities held by all Institutional Investors as
of the date of determination, measured on a fully-diluted basis. Institutional Investors shall have the right to transfer or assign the registration rights contained in Article 1 of this Agreement (i) to any limited partner or Affiliate of
such Institutional Investor in connection with the transfer of any Registrable Securities permitted by federal and state securities laws then in effect or (ii) to any third party transferee acquiring Registrable Securities held by such Holder
provided that (x) such transfer is permitted by federal and state securities laws then in effect and (y) after giving effect to such transfer, such transferee shall own at least ten percent (10%) of the Registrable Securities then
outstanding; provided, in each case, that (a) the Company is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such
registration rights are being assigned; (b) such transferee or assignee agrees in writing to be bound by and subject to the terms and conditions of this Agreement; and (c) such assignment shall be effective only if immediately following
such transfer the further disposition of such securities by the transferee or assignee is restricted under the Act. 
 1.8.
Information from Holder 
 It shall be a condition precedent to the obligations of the Company to take any action pursuant to
this Section 1.8 with respect to the Registrable Securities of any selling Holder that such Holder shall 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 requested by the Company to effect the registration of such Holder’s Registrable Securities. 
 1.9. Rule 144 Requirements 
 After the date hereof, the Company shall use
its reasonable best efforts to make publicly available, and available to the Holders, such information as is necessary to enable the Holders to make sales of Registrable Securities pursuant to Rule 144 of the Act. The Company shall furnish to any
Holder, upon request, a written statement executed by the Company as to the steps it has taken to comply with the current public information requirements of Rule 144. 

  
 11 

 2. ELECTION OF DIRECTORS 
 2.1. Bankcap Designees 
 The Company hereby agrees to take such actions as
are necessary, and each Holder agrees to vote its shares of Common Stock and take such other actions as are necessary, so as to elect, reelect, vote or replace as a Director of the Company, one (1) individual designated by Bankcap for so long
as Bankcap is a registered bank holding company under the Bank Holding Company Act of 1956, as amended, with respect to the Company. In addition to the Director designated pursuant to the immediately preceding sentence, for so long as Bankcap,
together with its affiliates, are the beneficial owners of shares of Common Stock representing not less than 25% of the outstanding voting capital stock of the Company, the Company hereby agrees to take such actions as are necessary, and each Holder
agrees to vote its shares of Common Stock and take such other actions as are necessary, so as to elect, reelect, vote or replace as a Director of the Company, one individual designated by Bankcap. The Directors designated by Bankcap pursuant to this
Section 2.1 shall be referred to as the Bankcap Directors. 
 2.2. Removal and Substitution of Board Members

 The Company hereby agrees to take such actions as are necessary, and the Holders agree to vote their shares of Common
Stock, and take such other actions as are necessary, for the removal of any Bankcap Director upon the request of Bankcap and for the election to the Board of Directors of a substitute designated by Bankcap in accordance with Section 2.1
hereof. 
 2.3. Vacancies on Board of Directors 

The Company hereby agrees to take such actions as are necessary, and the Holders agree to vote their shares of Common Stock and take such
other actions as are necessary, in such manner as shall be necessary or appropriate to ensure that any vacancy on the Board of Directors of the Company caused by the resignation, removal or death of a Bankcap Director shall be filled only in
accordance with Section 2.1 hereof. 
 3. DEFINITIONS 

The capitalized terms contained in this Agreement shall have the following meanings unless otherwise specifically defined: 

“Act” shall mean the Securities Act of 1933, as amended. 

“Affiliate” with respect to any specified Person, means a Person that, directly or indirectly, through one or more
intermediaries, Controls, is Controlled by or is under common Control with, such specified Person. 
 “Bankcap”
shall mean BankCap Partners Fund I, L.P., a Delaware limited partnership, together with its wholly-owned subsidiary BCP Fund I Virginia Holdings, LLC, a Delaware limited liability company. 

“Business Day” shall mean Monday through Friday and shall exclude any federal or bank holidays observed in New York
City. 

  
 12 

 “Common Stock” shall mean Xenith Common Stock prior to the Merger and the
XBS Common Stock following the Merger. 
 “Company” shall mean Xenith Corporation prior to the Merger and shall
mean FBS (which under the terms of the Merger Agreement will change its name at the effective time of the Merger to Xenith Bankshares, Inc.) following the Merger. 
 “Control” (and its derivatives) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through
ownership of voting securities, as trustee or executor, by contract or otherwise. 
 “Equity Securities” shall
mean the Common Stock and any warrants or other rights to subscribe for or to purchase, or any options for the purchase of, Common Stock, any stock or security convertible into or exchangeable for Common Stock or any other stock, security or
interest in the Company whether or not convertible into or exchangeable for Common Stock. 
 “Other Shareholders”
means persons other than Holders who, by virtue of agreements with the Company, are entitled to include their securities in a registration effected pursuant to this Agreement. 

“Person” means any individual, partnership, limited liability company, joint venture, corporation, trust, unincorporated
organization, government or department or agency of a government. 
 “Registrable Securities” shall mean
(i) any shares of Common Stock held by any Holder as of the date hereof, (ii) any additional shares of Common Stock acquired by any Holder after the date hereof (other than shares acquired upon exercise of employee stock options or similar
employee awards but including any shares of Common Stock issued upon exercise of any other convertible securities such as warrants), (iii) any equity securities of FBS issued to the Holders in exchange for their shares of Xenith Common Stock in
connection with the Merger, and (iv) any equity securities of the Company issued as a distribution with respect to or in exchange for or in replacement of any of the securities referred to in clauses (i), (ii) or (iii) above;
provided, however, that Registrable Securities shall not include any securities that have been previously sold pursuant to a registration statement filed under the Act or under Rule 144 promulgated under the Act, or which have
otherwise been transferred in a transaction in which the transferor’s rights under this Agreement are not assigned, or, shares that arc eligible for sale by a Holder pursuant to Rule 144(k) under the Act. 

“SEC” shall mean the United States Securities and Exchange Commission. 

4. MISCELLANEOUS 

4.1. Entire Agreement; Amendment 
 This Agreement constitutes the entire agreement among the parties hereto with respect to the matters provided for herein, and it supersedes all prior oral or written agreements, commitments or
understandings with respect to the matters provided for herein between or among such parties. Subject to the provisions of Section 1.7 hereof, this Agreement may be amended or modified in any respect, or any term hereof may be waived,
with the written consent 

  
 13 

 
of the Institutional Investors who own at least two-thirds (2/3rds) of the outstanding Registrable Securities on a fully-diluted basis then held by all Institutional Investors;
provided that no provision hereof may be amended if it would have the effect of materially adding to the obligations of the Company without the written consent of the Company; provided further that no provision
hereof may be amended if it would adversely affect the rights or obligations of the Holders (other than Institutional Investors) without the written consent of Holders (other than Institutional Investors) who own at least two-thirds (2/3rds) of
the outstanding Registrable Securities on a fully-diluted basis then held by all Holders (other than Institutional Investors). 

4.2. Waiver 
 No delay or failure on the part of any party hereto in exercising any right, power or privilege under this Agreement or under any other instruments given in connection with or pursuant to this Agreement
shall impair any such right, power or privilege or be construed as a waiver of any such right, power or privilege. No single or partial exercise of any such right, power or privilege shall preclude the further exercise of such right, power or
privilege, or the exercise of any other right, power or privilege. 
 4.3. Termination 

This Agreement shall forthwith become wholly void and of no effect as to any Holder (including any permitted assignee of such Holder), at
such time as such person no longer owns any securities constituting Registrable Securities. 
 4.4. Assignment

 Except with respect to the transfer of registration rights by the Institutional Holders to the extent provided in
Section 1.7, no rights or obligations of any Holder may be transferred under this Agreement and any transferee of any shares of Common Stock or Registrable Securities shall not be entitled to any rights or obligations under this
Agreement. 
 4.5. Governing Law 
 This Agreement, the rights and obligations of the parties hereto, and any claims or disputes relating thereto, shall be governed by and construed in accordance with the laws of the Commonwealth of
Virginia (excluding the choice of law rules thereof). 
 4.6. Notices 

All notices, demands, requests, or other communications which may be or are required to be given, served, or sent by any party to any
other party pursuant to this Agreement shall be in writing and shall be hand delivered, faxed, sent by overnight courier or mailed by first-class, registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

  
 14 

  

	(i)	If to the Company: 

 Xenith
Corporation 
 One James Center 
 901 E. Cary Street, Suite 1700 
 Richmond, Virginia 23219 

Facsimile No.: 804-433-2194 
 Attention: T. Gaylon Layfied, III 
 with a copy (which shall not constitute
notice) to: 
 Hunton & Williams LLP 
 Riverfront Plaza, East Tower 
 951 E. Byrd Street 

Richmond, Virginia 23219 
 Facsimile No: 804-788-8218 
 Attention: J. Waverly Pulley, III 

 

	(ii)	If to any Holder, at such Holder’s address as appearing on Exhibit A hereto. 

Each party may designate by notice in writing (given in accordance with the terms hereof) a new address to which any notice, demand,
request or communication may thereafter be so given, served or sent. Each notice, demand, request, or communication which shall be hand delivered, sent or mailed, in the manner described above, shall be deemed sufficiently given, served, sent,
received or delivered for all purposes at such time as it is delivered to the addressee (with the return receipt, the delivery receipt or a facsimile confirmation being deemed conclusive, but not exclusive, evidence of such delivery) or at such time
as delivery is refused by the addressee upon presentation. 
 4.7. Execution in Counterparts 

To facilitate execution, this Agreement may be executed in as many counterparts as may be required; and it shall not be necessary that the
signatures of, or on behalf of, each party, or that the signatures of all persons required to bind any party, appear on each counterpart; but it shall be sufficient that the signature of, or on behalf of, each party, or that the signatures of the
persons required to bind any party, appear on one or more of the counterparts. All counterparts shall collectively constitute a single agreement, It shall not be necessary in making proof of this Agreement to produce or account for more than one of
the counterparts of this Agreement containing the respective signatures of or on behalf of, all of the parties hereto. 

[Signatures Appear on Following Pages] 

  
 15 

  

			
	XENITH CORPORATION
		
	By:	 	 /s/ T. Gaylon Layfield, III

	Name:	 	T. Gaylon Layfield, III
	Title:	 	Chief Executive Officer and President

Signature Page to Investor Rights Agreement 

  
 16 

  

	
	HOLDERS:
	
	[Please print or type name and address of subscriber]
	  

	  

	  

	  

	  

Signature Page to Investor Rights Agreement 

  
 17 

 Exhibit A 
  

			
	 Name
	  	Number of Shares
	 Clearview Correspondent Services, LLC Cust.
 FBO Michael J. Madden IRA
	  	10,000
		
	 Susan G. Dull
	  	10,000
		
	 Stephen G. Norair &
 Mary
E. Norair JT TEN
	  	10,000
		
	 Shamokin Investments, LLC
	  	20,000
		
	 Wellington W. Cottrell III
	  	10,000
		
	 T. Gaylon Layfield, III — IRA
	  	25,000
		
	 T. Gaylon Layfield, III
	  	75,000
		
	 Ronald E. Davis &
 Cathy D.
Davis JT TEN
	  	10,000
		
	 Ben Judson Honaker, Jr.
	  	5,000
		
	 Richard Westerlund &

Sharon L. Westerlund JT TEN
	  	10,000
		
	 William A. Walsh, Jr.
	  	10,000
		
	 Jefferson Capital Profit Sharing Plan
	  	20,000
		
	 Gordon Zeb Holt
	  	5,000
		
	 Edward H. Phillips, Jr.
	  	10,000
		
	 W. Jefferson O’Flaherty
	  	20,000
		
	 Norman A. Scher
	  	5,000
		
	 CSC Leasing Company
	  	10,000
		
	 Randolph N. Reynolds
	  	10,000
		
	 John S. Tamagni
	  	10,000
		
	 Thomas Rutherford, Inc.

Deferred Compensation Top Hat Plan
	  	15,000

			
	 Name
	  	Number of Shares
		
	 Robert J. Merrick
	  	20,000
		
	 Mary Beth Nolan
	  	5,000
		
	 James M. Chakales
 & Sarah
Z. Chakales JT TEN
	  	5,000
		
	 Kimberly P. Fauss
	  	5,000
		
	 Penny S. Tuthill
	  	10,000
		
	 Kent L. Rollins
	  	10,000
		
	 James E. Toups
	  	10,000
		
	 Marc Stephen Kramer — IRA
	  	10,000
		
	 John Paul Bullock &

Elizabeth Daniel Bullock JT TEN
	  	10,000
		
	Richard L. Carr	  	5,000
		
	Paul H. Saunders	  	100,000
		
	Malcolm S. McDonald	  	50,000
		
	Robert C. Walker	  	12,500
		
	J. Michael Perry	  	5,000
		
	Charles Finch Gaddy	  	25,000
		
	 Mark B. Sisisky, Trustee
 Mark
B. Sisisky Revocable Trust
	  	15,000
		
	New Dominion of Virginia	  	25,000
		
	Thomas W. Osgood — IRA	  	50,000
		
	 Isaac Koziol &
 Judity A.
Koziol, WROS
	  	20,000
		
	Alexiam Partners, L.P.	  	25,000
		
	 Steven A. Middleton &
 Mary
M. Middleton — TBE
	  	10,000
		
	 Davenport & Co. LLC Cust

FBO Robert P. Delille IRA
	  	5,600
		
	 J. Waverly Pulley III
	  	25,000

			
	 Name
	  	Number of Shares
		
	 Davenport & Co. LLC Cust

FBO Wellington W. Cottrell IRA
	  	10,000
		
	 Davenport & Co LLC Cust

FBO Charles Dixon Wallace Jr. IRA
	  	10,000
		
	 Davenport & Co LLC Cust

FBO Carter Hotchkiss R/O IRA
	  	20,000
		
	BCP Fund I Virginia Holdings, LLC	  	2,425,000
		
	Richard L. Sisisky	  	5,000
		
	 John C. Doswell TTEE
 John C.
Doswell II DDS & Assoc. Inc.
 Profit Sharing Plan & Trust
	  	10,000
		
	 Capital Center L.L.C.
 c/o Gary
Pacinteni
	  	20,000
		
	 Linda Phillips, Edwards Phillips, Jr.,
 Debra Goodpasture & First Market Bank, TTEE
	  	10,000
		
	B. Walter Taylor Jr. — SEP IRA	  	7,500
		
	William H. Theus — SEP IRA	  	7,500
		
	William T. Hupp	  	20,000
		
	W C Investment Partnership	  	20,000
		
	 Morgan Stanley & Co Cust Colonial
 FBO William E. Goode PSP
	  	10,000
		
	 Snead Investments LLC
 c/o Tom
Snead
	  	75,000
		
	John G. Davenport	  	10,000
		
	Oak Lane Associates, LLC	  	10,000
		
	M. Stephen Kramer	  	10,000
		
	Norwood H. Davis Jr.	  	25,000
		
	 Roger A. Glover III &

Kristin Anne Glover JT TEN
	  	5,000

			
	 Name
	  	Number of Shares
		
	Robert David Brown	  	10,000
		
	Thomas R. Byrd	  	10,000
		
	Matthew G. Thompson	  	10,000
		
	Jasper, LLC	  	15,000
		
	 Richard L. Sharp TTEE
 The RLS
Trust U/T/A/ 9/15/05
	  	50,000
		
	Josee G. Covington	  	10,000
		
	 Clearview Correspondent Services, LLC Cust.
 FBO Paul S. Bliley, Jr. IRA
	  	10,000
		
	 Michael Dening &
 Maria
Pellen-Harvey TREWROS
	  	20,000
		
	Mary Clare	  	10,000
		
	Brian F. Whetzel	  	5,000
		
	 Davenport & Co LLC Cust

FBO Palmer P. Garson IRA
	  	30,000
		
	Cheryl Hydrick Guedri	  	5,000
		
	 Davenport & Co LLC Cust

FBO Carter E. Buxbaum IRA
	  	20,000
		
	 Stifel Nicolaus Cust
 FBO John
Guinee IRA
	  	10,000

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