Document:

Exhibit 10.10

THIS WARRANT AND THE SECURITIES ISSUABLE UPON
THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE “ACT”) OR THE SECURITIES LAWS OF ANY STATE.  THEY MAY NOT BE SOLD, OFFERED FOR SALE,
PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY TO
THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD
PURSUANT TO RULE 144 UNDER SUCH ACT.

	
  Warrant No. 01-W

  	
   

  	
   

  	
   

  	
  Void after

  
	
   

  	
   

  	
   

  	
   

  	
  November 15, 2011

  

 

TREATY OAK
BANCORP, INC.

WARRANT TO PURCHASE
SHARES OF COMMON STOCK

For
due and valid consideration, the receipt and sufficiency of which is hereby
acknowledged, this Warrant is issued to                  
(the “Holder”) by Treaty Oak Bancorp, Inc., a Texas corporation (the “Company”),
in connection with the consummation of that certain merger transaction (the “Merger”)
between the Company and Treaty Oak Holdings, Inc., a Texas corporation (“TOHI”).  This Warrant to Purchase Shares of Common
Stock replaces the Warrant previously issued to the Holder (the “TOHI
Warrant”) in connection with the redemption transaction effected by TOHI
pursuant to that certain Stock Redemption Agreement, dated as of August 30,
2006.  The Original Warrant shall no
longer be deemed outstanding, effective upon the consummation of the Merger,
even if the original TOHI Warrant certificate is not returned to the Company
for cancellation.

1.             Purchase of Shares.

(a)           Number
of Shares.  Subject to the terms and
conditions set forth herein, the Holder is entitled, upon surrender of this
Warrant at the principal office of the Company (or at such other place as the
Company shall notify the Holder in writing), to purchase from the Company                  
fully paid and nonassessable shares of the Company’s Common Stock, par value
$0.01 per share (the “Common Stock”).

(b)           Exercise
Price.  The exercise price for the
shares of Common Stock issuable pursuant to this Section 1 (the “Shares”)
shall be the greater of: (i) $6.67 per share or (ii) the Book Value Per
Share of Common Stock (as defined below) (the “Exercise Price”). The
Shares and the Exercise Price shall be subject to adjustment pursuant to Section
8 hereof.  As used herein, the term “Book
Value Per Share of Common Stock” shall mean the total shareholders’ equity
of the Company less the liquidating preference, if any, applicable to any of
the then issued and outstanding shares of the Company’s preferred stock (determined
in accordance with generally accepted accounting principles consistently
applied) divided by the number of issued and outstanding shares of the
Company’s capital stock (calculated on a fully-diluted basis), pursuant to
quarterly financial statements prepared in accordance with generally accepted
accounting principles (GAAP) and published by the Company effective on the date

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such statements are submitted to the Securities and Exchange Commission
(if required) or, if not so required, the Company shall provide the Holder such
information as may be reasonably requested by the Holder to permit the Holder
to compute the Exercise Price, which information shall be kept strictly
confidential and used only for purposes of computing the Exercise Price, and
shall be returned (including any copies thereof) to the Company promptly upon
request.

2.             Exercise Period.  This Warrant shall be exercisable, in whole
or in part, during the term commencing on the date hereof and ending at 5:00
p.m. (Texas time) on November 15,
2011 (the “Exercise Period”).

3.             Method of Exercise.

(a)           While this Warrant
remains outstanding and exercisable in accordance with Section 2
above, the Holder may exercise, in whole or in part, the purchase rights
evidenced hereby.  Such exercise shall be
effected by:

(i)            the surrender of
the Warrant, together with a duly executed copy of the Notice of Exercise
attached hereto, to the Secretary of the Company at its principal office (or at
such other place as the Company shall notify the Holder in writing);

(ii)           if applicable, the
payment to the Company of an amount equal to the aggregate Exercise Price for
the number of Shares being purchased; and

(iii)          the
execution and delivery of an irrevocable proxy of all voting rights with
respect to the Shares so purchased in favor of the Company.

(b)           Each
exercise of this Warrant shall be deemed to have been effected immediately
prior to the close of business on the day on which this Warrant is surrendered
to the Company as provided in Section 3(a) above.  At such time, the person or persons in whose
name or names any certificate for the Shares shall be issuable upon such
exercise as provided in Section 3(c) below shall be deemed to have
become the holder or holders of record of the Shares represented by such certificate.

(c)           As
soon as practicable after the exercise of this Warrant in whole or in part, and
in any event within twenty (20) business days thereafter, the Company at its
expense will cause to be issued in the name of, and delivered to, the Holder, or
as such Holder (upon payment by such Holder of any applicable transfer taxes)
may direct:

(i)            a
certificate or certificates for the number of Shares to which such Holder shall
be entitled, and

(ii)           in
case such exercise is in part only, a new warrant or warrants (dated the date
hereof) of like tenor, calling in the aggregate on the face or faces thereof
for the number of Shares equal to the number of such Shares described in this
Warrant minus the number of such Shares purchased by the Holder upon all exercises
made in accordance with Section 3(a) above.

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(iii)          Notwithstanding the
provisions of Section 2, if the Holder has not exercised this
Warrant prior to the closing of a Corporate Transaction, this Warrant shall
automatically be deemed to be exercised in full, in the manner set forth in Section 4
below, without any further action on behalf of the Holder immediately prior to
such closing.  As used herein, the term “Corporate
Transaction” shall mean any of the following transactions:  (A) the closing of the sale, transfer or
other disposition of all or substantially all of the Company’s assets, (B)
except as provided below, the consummation of the merger or consolidation of
the Company with or into another entity (except a merger or consolidation in
which the holders of capital stock of the Company immediately prior to such
merger or consolidation continue to hold at least 50% of the voting power of
the capital stock of the Company or the surviving or acquiring entity),
(C) the closing of the transfer (whether by merger, consolidation or
otherwise), in one transaction or a series of related transactions, to a person
or group of affiliated persons (other than an underwriter of the Company’s
securities), of the Company’s securities if, after such closing, such person or
group of affiliated persons would hold 50% or more of the outstanding voting
stock of the Company (or the surviving or acquiring entity), or (D) a
liquidation, dissolution or winding up of the Company; provided, however,
that a transaction shall not constitute a Corporate Transaction if its sole
purpose is to change the state of the Company’s incorporation or to create a
holding company that will be owned in substantially the same proportions by the
persons who held the Company’s securities immediately prior to such
transaction.

4.             Net Issue Exercise.  In lieu of exercising this Warrant for
cash, the Holder may elect to receive shares equal to the value of this Warrant
(or the portion thereof being exercised) by surrender of this Warrant at the principal
office of the Company together with notice of such election (a “Net Exercise”).  A Holder exercises this Warrant pursuant to
this Section 4 shall have the rights described in Sections 3(b)
and 3(c) hereof, and the Company shall issue to such Holder a number of
Shares computed using the following formula:

Y
(A - B)

X =                 A

Where

X
=                             The number of Shares to be issued to the
Holder.

Y
=                              The number of Shares purchasable under this
Warrant or, if only a portion of the Warrant is being exercised, the portion of
the Warrant being cancelled (at the date of such calculation).

A
=                            The fair market value of one (1) Share (at
the date of such calculation).

B
=                              The Exercise Price (as adjusted to the date
of such calculation).

For purposes of this Section 4, the fair
market value of a Share shall mean either (i) the average of the closing prices
of the Shares quoted in the over-the-counter market in which the Shares are
traded, or the closing price quoted on any exchange or electronic securities
market on which the Shares are listed, whichever is applicable, as published in
The Wall Street Journal for the thirty (30) trading days prior to the
date of determination of fair market value (or such 

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shorter period of time during which such Shares were
traded over-the-counter or on such exchange), or (ii) if there is a Corporate
Transaction (other than the Merger), the sale price as proposed in such
transaction if such exercise is being made contemporaneously with such
Corporate Transaction.  If the Shares are
not traded on the over-the-counter market, an exchange or an electronic
securities market, the fair market value shall be the price per Share that the
Company could obtain from a willing buyer for Shares sold by the Company from
authorized but unissued Shares, as such prices shall be determined in good
faith by the Company’s Board of Directors. 
As used in this Section 4, a “Corporate Transaction”
shall mean any acquisition of the Company, whether by asset purchase, stock
purchase, merger, consolidation, share exchange or otherwise, of all or a major
portion of the business or assets of, or a controlling interest of, the
Company. 

5.             Representations
and Warranties of the Holder. 
In connection with the transactions provided for herein, the Holder
hereby represents and warrants to the Company that:

(a)           Authorization.  The Holder represents that it has full power
and authority to enter into this Warrant. 
This Warrant constitutes the Holder’s valid and legally binding
obligation, enforceable in accordance with its terms, except as may be limited
by (i) applicable bankruptcy, insolvency, reorganization, or similar laws
relating to or affecting the enforcement of creditors’ rights and (ii) laws
relating to the availability of specific performance, injunctive relief or
other equitable remedies.

(b)           Purchase
Entirely for Own Account.  The Holder
acknowledges that this Warrant is entered into by the Holder in reliance upon
such Holder’s representation to the Company that the Warrant and the Shares
(collectively, the “Securities”) will be acquired for investment for the
Holder’s own account, not as a nominee or agent, and not with a view to the
resale or distribution of any part thereof, and that the Holder has no present
intention of selling, granting any participation in or otherwise distributing
the same.

(c)           Disclosure
of Information.  The Holder
acknowledges that it has received all the information it considers necessary or
appropriate for deciding whether to acquire the Securities.  The Holder further represents that it has had
an opportunity to ask questions and receive answers from the Company regarding
the terms and conditions of the offering of the Securities.

(d)           Investment
Experience.  The Holder is an
investor in securities and acknowledges that it is able to fend for itself, can
bear the economic risk of its investment, and has such knowledge and experience
in financial or business matters that it is capable of evaluating the merits
and risks of the investment in the Securities. 
If other than an individual, the Holder also represents it has not been
organized solely for the purpose of acquiring the Securities.

(e)           Accredited
Investor.  Except as otherwise
disclosed in writing to the Company, the Holder is an “accredited investor”
within the meaning of Rule 501 of Regulation D, as presently in effect, as
promulgated by the Securities and Exchange Commission (the “SEC”) under
the Act.

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(f)            Restricted
Securities.  The Holder understands
that the Securities are characterized as “restricted securities” under the
federal securities laws inasmuch as they are being acquired from the Company in
a transaction not involving a public offering and that under such laws and
applicable regulations such securities may be resold without registration under
the Act, only in certain limited circumstances. 
In this connection, each Holder represents that it is familiar with Rule
144, as presently in effect, as promulgated by the SEC under the Act (“Rule 144”),
and understands the resale limitations imposed thereby and by the Act.

(g)           Further
Limitations on Disposition.  Without
in any way limiting the representations set forth above, the Holder further
agrees not to make any disposition of all or any portion of the Shares unless
and until the transferee has agreed in writing for the benefit of the Company
to be bound by the terms of this Warrant, including, without limitation, this Section 4;
and:

(i)            there
is then in effect a registration statement under the Act covering such proposed
disposition and such disposition is made in accordance with such registration
statement; or

(ii)           the
Holder shall have notified the Company of the proposed disposition and shall
have furnished the Company with a detailed statement of the circumstances
surrounding the proposed disposition and the Holder shall have furnished the
Company with an opinion of counsel, reasonably satisfactory to the Company,
that such disposition will not require registration of such shares under the
Act.  It is agreed that the Company will
not require opinions of counsel for transactions made pursuant to Rule 144
except in extraordinary circumstances.

6.             Representations
and Covenants of the Company.

(a)           Representations
as to Exercise Shares.  The Company
represents and warrants that all Shares that may be issued upon the exercise of
the rights represented by this Warrant will, upon issuance in accordance with
the terms hereof, be validly issued and outstanding, fully paid and
nonassessable, and free from all taxes, liens and charges with respect to the
issuance thereof.  The Company further represents
and warrants that the Company, its successors or assigns, through merger
consolidation or otherwise will at all times during the Exercise Period, have
authorized and reserved, free from preemptive rights, a sufficient number of
shares of Common Stock to provide for the exercise of the rights represented by
this Warrant.  If at any time during the
Exercise Period the number of authorized but unissued shares of Common Stock
shall not be sufficient to permit exercise of this Warrant, the Company will take
such corporate action as may, in the opinion of its counsel, be necessary to
increase its authorized but unissued shares of Common Stock to such number of
shares as shall be sufficient for such purposes.

(b)           Notices
of Record Date.  In the event of any
taking by the Company of a record of the holders of any class of securities for
the purpose of determining the holders thereof who are entitled to receive any
dividend (other than a cash dividend which is the same as cash dividends paid
in previous quarters and stock dividends) or other distribution, the Company
shall mail to the Holder, at least ten (10) days prior to such record date, a
notice specifying the date on which any such record is to be taken for the
purpose of such dividend or distribution.

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7.             Legends.
It is understood that the Securities may bear the following legend:

“THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED.  THEY
MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE
TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO
THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD
PURSUANT TO RULE 144 UNDER SUCH ACT.”

8.             Adjustment of
Exercise Price and Number of Shares. 
Except to the extent it would be inconsistent with the exchange ratio
set forth in Section 3(c)(iii) above, the number and kind of
Shares purchasable upon exercise of this Warrant and the Exercise Price shall
be subject to adjustment from time to time as follows:

(a)           Subdivisions,
Combinations and Other Issuances.  If
the Company shall at any time after the issuance but prior to the expiration of
this Warrant subdivide its Common Stock, by split-up or otherwise, or combine
its Common Stock, or issue additional shares of its Preferred Stock or Common
Stock as a dividend with respect to any shares of its Common Stock, the number
of Shares issuable on the exercise of this Warrant shall forthwith be proportionately
increased in the case of a subdivision or stock dividend, or proportionately
decreased in the case of a combination. 
Appropriate adjustments shall also be made to the Exercise Price payable
per share, but the aggregate Exercise Price payable for the total number of
Shares purchasable under this Warrant (as adjusted) shall remain the same.  Any adjustment under this Section 8(a)
shall become effective at the close of business on the date the subdivision or
combination becomes effective, or as of the record date of such dividend, or in
the event that no record date is fixed, upon the making of such dividend.

(b)           Reclassification,
Reorganization and Consolidation.  In
case of any reclassification, capital reorganization or change in the capital
stock of the Company (other than as a result of a subdivision, combination or
stock dividend provided for in Section 6(b) above), then, as a condition
of such reclassification, reorganization or change, lawful provision shall be
made, and duly executed documents evidencing the same from the Company or its
successor shall be delivered to the Holder, so that the Holder shall have the
right at any time prior to the expiration of this Warrant to purchase, at a
total price equal to that payable upon the exercise of this Warrant, the kind
and amount of shares of stock and other securities or property receivable in
connection with such reclassification, reorganization or change by a holder of
the same number and type of securities as were purchasable as Shares by the Holder
immediately prior to such reclassification, reorganization or change.  In any such case appropriate provisions shall
be made with respect to the rights and interest of the Holder so that the
provisions hereof shall thereafter be applicable with respect to any shares of
stock or other securities or property deliverable upon exercise hereof, and
appropriate adjustments shall be made to the Exercise Price per Share payable
hereunder, provided the aggregate Exercise Price shall remain the same.

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(c)           Notice
of Adjustment.  When any adjustment
is required to be made in the number or kind of shares purchasable upon
exercise of the Warrant, or in the Exercise Price, the Company shall promptly
notify the Holder of such event and of the number of Shares or other securities
or property thereafter purchasable upon exercise of this Warrant.

9.             No Fractional
Shares or Scrip.  No
fractional shares or scrip representing fractional shares shall be issued upon
the exercise of this Warrant, but in lieu of such fractional shares the Company
shall make a cash payment therefor on the basis of the Exercise Price then in
effect.

10.           No Shareholder
Rights.  Prior to exercise of
this Warrant, the Holder shall not be entitled to any rights of a shareholder
with respect to the Shares, including (without limitation) the right to vote
such Shares, receive dividends or other distributions thereon, exercise
preemptive rights or be notified of stockholder meetings, and, except as
otherwise provided in this Warrant, such Holder shall not be entitled to any
stockholder notice or other communication concerning the business or affairs of
the Company.

11.           Transfer of Warrant.  Subject to compliance with applicable federal
and state securities laws and any other contractual restrictions between the
Company and the Holder contained herein, this Warrant and all rights hereunder
are transferable or assignable in whole or in part by the Holder to any person
or entity upon written notice to the Company. 
Within a reasonable time after the Company’s receipt of an executed
Assignment Form in the form attached hereto, the transfer or assignment shall
be recorded on the books of the Company upon the surrender of this Warrant,
properly endorsed, to the Company at its principal offices, and the payment to the
Company of all transfer taxes and other governmental charges imposed on such
transfer or assignment. In the event of a partial transfer or assignment, the
Company shall issue to the new holders one (1) or more appropriate new
warrants.

12.           Governing Law.  This Warrant shall be governed by and construed under the laws of the State of Texas as applied to agreements
among Texas residents, made and
to be performed entirely within the State of Texas.

13.           Successors and
Assigns.  The terms and
provisions of this Warrant shall inure to the benefit of, and be binding upon,
the Company and the holders hereof and their respective successors and assigns.

14.           Titles and
Subtitles.  The titles and
subtitles used in this Warrant are used for convenience only and are not to be
considered in construing or interpreting this Warrant.

15.           Notices.  All notices and other communications given or
made pursuant hereto shall be in writing and shall be deemed effectively
given:  (a) upon personal delivery to the
party to be notified, (b) when sent by confirmed electronic mail or facsimile
if sent during normal business hours of the recipient, and if not so confirmed,
then on the next business day, (c) five (5) days after having been sent by
registered or certified mail, return receipt requested, postage prepaid, or (d)
one (1) day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt.  All communications shall be 

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sent to the respective
parties at the following addresses (or at such other addresses as shall be
specified by notice given in accordance with this Section 15):

If to the Company:

Treaty Oak Bancorp, Inc.

101 Westlake Drive

Austin, Texas 78746

Attention:  Jeffrey L. Nash

If to Holder:

At the address shown on the signature pages hereto.

16.           Expenses.  If any action at law or in equity is
necessary to enforce or interpret the terms of this Warrant, the prevailing
party shall be entitled to reasonable attorneys’ fees, costs and necessary
disbursements in addition to any other relief to which such party may be
entitled.

17.           Entire Agreement;
Amendments and Waivers.  This
Warrant and any other documents delivered pursuant hereto constitute the full
and entire understanding and agreement between the parties with regard to the
subjects hereof and thereof.

18.           Severability.  If any provision of this Warrant is
held to be unenforceable under applicable law, such provision shall be excluded
from this Warrant and the balance of the Warrant shall be interpreted as if
such provision were so excluded and shall be enforceable in accordance with its
terms.

[Signature page
follows.]

 

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IN WITNESS WHEREOF, the parties have executed this
Warrant as of
the date above written.

	
  

  	
   

  	
   

  	
  TREATY OAK BANCORP, INC.,

  	
   

  
	
   

  	
   

  	
   

  	
  a Texas corporation

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Jeffrey L. Nash, President

  	
   

  

 

	
  

  	
   

  	
   

  	
  Address:

  	
  101 Westlake Drive

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Austin, Texas 78746

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  ACKNOWLEDGED AND AGREED:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  HOLDER:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  Address:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

[Signature
Page to Warrant]

 

NOTICE OF EXERCISE

Treaty Oak Bancorp, Inc.

101 Westlake Drive

Austin, Texas 78746

Attention:  Corporate Secretary

The
undersigned hereby elects to purchase, pursuant to the provisions of the
Warrant, as follows:

____       _____________ shares of Common Stock
pursuant to the terms of the attached Warrant, and tenders herewith payment in
cash of the Exercise Price of such Shares in full, together with all applicable
transfer taxes, if any.

____       Net Exercise the attached Warrant with
respect to __________ Shares.

The
undersigned hereby represents and warrants that Representations and Warranties
in Section 5 hereof are true and correct as of the date hereof.

	
  

  	
   

  	
   

  	
  HOLDER:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name in which shares should be registered:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

 

TREATY OAK BANCORP, INC.

ASSIGNMENT FORM

(To assign the foregoing Warrant, execute

this form and supply required information.

Do not use this form to purchase shares.)

FOR VALUE RECEIVED, the foregoing Warrant and all rights evidenced
thereby are hereby assigned to:

	
  Name:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (Please Print)

  	
   

  	
   

  	
   

  

 

	
  Address:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (Please Print)

  	
   

  	
   

  	
   

  

 

	
  Dated:

  	
   

  	
   

  	
   

  	
   

  

 

	
  Holder’s

  	
   

  	
   

  	
   

  	
   

  
	
  Signature:

  	
   

  	
   

  	
   

  	
   

  

 

	
  Holder’s

  	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  	
   

  	
   

  

 

NOTE:  The signature to this Assignment Form must
correspond with the name as it appears on the face of the Warrant.  Officers of corporations and those acting in
a fiduciary or other representative capacity should provide proper evidence of
authority to assign the foregoing Warrant.Exhibit 10.11

REGISTRATION RIGHTS AGREEMENT

(TOHI SHAREHOLDERS)

THIS
REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made as of November
15, 2006 (the “Effective Date”), by and among Treaty Oak Bancorp, Inc.,
a Texas corporation (the “Company”), and the Company’s shareholders set
forth on the signature page hereto (each a “Common Holder” and
collectively the “Common Holders”).

R E C I T A L S

WHEREAS, the
Company intends to issue shares of its Common Stock, par value $0.01 per share
(the “Common Stock”), to the Common Holders in connection with the consummation
of the transaction contemplated by that certain Agreement and Plan of Merger by
and between the Company and the Treaty Oak Holdings, Inc., a Texas corporation
(the “Merger Agreement”); and

WHEREAS, it is
a condition precedent to the consummation of the transaction contemplated by
the Merger Agreement that the Company provide for the rights set forth in this
Agreement.

NOW,
THEREFORE, in consideration of the mutual promises and covenants set forth herein,
the parties hereto further agree as follows:

1.             Registration Rights.  The Company covenants and agrees as follows:

1.1.          Definitions.  For purposes of this Agreement:

(a)           The term “1934 Act” shall mean the Securities
Exchange Act of 1934, as amended.

(b)           The term “Act” means the Securities Act of 1933, as
amended.

(c)           The term “Form S-3” means such form under the Act
as in effect on the date hereof or any registration form under the Act
subsequently adopted by the SEC that permits inclusion or incorporation of
substantial information by reference to other documents filed by the Company
with the SEC.

(d)           The term “Holder” means any person owning or having
the right to acquire Registrable Securities or any assignee thereof in
accordance with Section 1.8.

(e)           The terms “register,” “registered,” and “registration”
refer to a registration effected by preparing and filing a registration
statement or similar document in compliance with the Act, and the declaration
or ordering of effectiveness of such registration statement or document.

(f)            The term “Registrable Securities” means
(i) the Common Stock, issued to the Common Holders upon the consummation
of the Merger, (ii) any Common Stock of the Company issued as a dividend
or other distribution with respect to, or in exchange for, or in 

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replacement of, the shares referenced in
(i)  above, and (iii) any shares of Common Stock or other securities
issued or issuable in respect of the shares described in (i) or (ii) upon any
stock split, stock dividend, recapitalization or similar event; provided,
however, that the term “Registrable Securities” shall exclude in
all cases any Registrable Securities sold by a person in a transaction in which
such person’s rights under this Section 1 are not assigned and
provided further that shares of Common Stock or other securities shall only be
treated as Registrable Securities if and so long as they have not been sold to
or through a broker or dealer or underwriter in a public distribution or a
public securities transaction.

(g)           The number of shares of “Registrable Securities then
outstanding” shall be determined by the number of outstanding Registrable
Securities held of record by the Holders.

(h)           The term “Rule 144” shall mean Rule 144 as
promulgated by the SEC under the Act, as such Rule may be amended from time to
time, or any similar successor rule that may be promulgated by the SEC.

(i)            The term “Rule 145” shall mean Rule 145 as
promulgated by the SEC under the Act, as such Rule may be amended from time to
time, or any similar successor rule that may be promulgated by the SEC.

(j)            The term “SEC” shall mean the Securities and
Exchange Commission.

1.2.          Form
S-3 Registration.  Subject to the
conditions of this Section 1.2, if the Company shall receive from
the Holders of at least fifty percent (50%) of the Registrable Securities then
outstanding a written request or requests that the Company effect a
registration on Form S-3 and any related qualification or compliance with
respect to all or a part of the Registrable Securities owned by such Holder or
Holders, the Company will:

(a)           promptly give written notice of the proposed registration,
and any related qualification or compliance, to all other Holders; and

(b)           use its commercially reasonable efforts to effect, as soon
as practicable, such registration and all such qualifications and compliances
as may be so requested and as would permit or facilitate the sale and
distribution of all or such portion of such Holder’s or Holders’ Registrable
Securities as are specified in such request, together with all or such portion
of the Registrable Securities of any other Holder or Holders joining in such
request as are specified in a written request given within fifteen (15)
calendar days of the receipt of the Company’s notice referred to in subsection 1.2(a);
provided, however, that the Company shall not be obligated to
effect any such registration, qualification or compliance, pursuant to this Section 1.2:

(i)            if Form S-3 is not available for
such offering by the Holders;

(ii)           if the Company shall furnish to the
Holders a certificate signed by the President of the Company stating that in
the good faith judgment of the Board of 

 2
 

 

Directors of the Company, it would be
seriously detrimental to the Company and its shareholders for such Form S-3
Registration to be effected at such time, in which event the Company shall have
the right to defer the filing of the Form S-3 registration statement for a
period of not more than one hundred twenty (120) calendar days after receipt of
the request of the Holder or Holders under this Section 1.2; provided,
however, that the Company shall not utilize this right more than once in
any twelve (12) month period;

(iii)          if the Company has, within the twelve
(12) month period preceding the date of such request, already effected one (1)
registration on Form S-3 for the Holders pursuant to this Section 1.2;
or

(iv)          in any particular jurisdiction in
which the Company would be required to qualify to do business or to execute a
general consent to service of process in effecting such registration,
qualification or compliance unless the Company is already subject to service in
such jurisdiction and except as may be required by the Act.

(c)           If the Holders requesting registration pursuant to this Section 1.2
intend to distribute the Registrable Securities covered by their request by
means of an underwriting, they shall so advise the Company as part of their
request made pursuant to this Section 1.2 and the Company shall
include such information in the written notice referred to in subsection 1.2(a).  The underwriter will be selected by the
Company and shall be reasonably acceptable to a majority in interest of the
Holders requesting registration.  In such
event, the right of any Holder to include such Holder’s Registrable Securities
in such registration shall be conditioned upon such Holder’s participation in
such underwriting and the inclusion of such Holder’s Registrable Securities in
the underwriting to the extent provided herein. 
All Holders proposing to distribute their securities through such
underwriting shall (together with the Company as provided in Section 1.3(e))
enter into an underwriting agreement in customary form with the underwriter or
underwriters selected for such underwriting. 
Notwithstanding any other provision of this Section 1.2, if
the underwriter advises the Holders requesting registration in writing that
marketing factors require a limitation of the number of shares to be
underwritten, then the Holders requesting registration shall so advise all
Holders of Registrable Securities that would otherwise be underwritten pursuant
hereto, and the number of shares of Registrable Securities that may be included
in the underwriting shall be allocated among all Holders thereof, including the
Holders requesting registration, in proportion (as nearly as practicable) to
the amount of Registrable Securities requested by each such Holder to be
included in such underwriting.

(d)           Subject
to the foregoing, the Company shall file a registration statement covering the
Registrable Securities and other securities so requested to be registered as
soon as practicable after receipt of the request or requests of the requisite
number of Holders.  All expenses incurred
in connection with a registration requested pursuant to this Section 1.2
(other than underwriting discounts and commissions and fees and disbursements
of counsel for the Holders), including (without limitation) all registration,
filing, qualification, printer’s fees, accounting fees and fees and
disbursements of counsel for the Company, shall be borne by the Company; provided,
however, that the Company shall not be required to pay for any expenses
of any registration proceeding begun pursuant to Section 1.2 if the
registration request is 

 3
 

 

subsequently withdrawn at the request of the Holders of a majority of
the Registrable Securities to be registered (in which case all participating
Holders shall bear such expenses).

1.3.          Obligations
of the Company.  Whenever required
under Section 1.2 to affect the registration of any Registrable
Securities, the Company shall use its commercially reasonable efforts to:

(a)           Prepare and file with the SEC a registration statement on
Form S-3 with respect to such Registrable Securities and use its commercially
reasonable efforts to cause such registration statement to become effective,
and, upon the request of the Holders of a majority of the Registrable
Securities registered thereunder, keep such registration statement effective
for a period of up to ninety (90) calendar days or any less period of time in
the event the distribution described in the registration statement has been
completed;

(b)           Prepare and file with the SEC such amendments and
supplements to such registration statement and the prospectus used in
connection with such registration statement as may be necessary to comply with
the provisions of the Act with respect to the disposition of all securities
covered by such registration statement;

(c)           Furnish to the Holders such numbers of copies of a
prospectus, including a preliminary prospectus, in conformity with the
requirements of the Act, and such other documents as they may reasonably
request in order to facilitate the disposition of Registrable Securities owned
by them;

(d)           Use commercially reasonable efforts to register and
qualify the securities covered by such registration statement under such other
securities or blue sky laws of such jurisdictions as shall be reasonably
requested by the Holders, provided that the Company shall not be required in
connection therewith or as a condition thereto to qualify to do business or to
file a general consent to service of process in any such states or
jurisdictions;

(e)           In the event of any underwritten public offering, enter
into and perform its obligations under an underwriting agreement, in usual and
customary form, with the managing underwriter(s) of such offering (each Holder
participating in such underwriting shall also enter into and perform its
obligations under such an agreement);

(f)            Notify each Holder of Registrable Securities covered by
such registration statement at any time when a prospectus relating thereto is
required to be delivered under the Act of the happening of any event as a
result of which the prospectus included in such registration statement, as then
in effect, includes an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing; and

(g)           Provide a transfer agent and registrar for all Registrable
Securities registered pursuant hereunder and a CUSIP number for all such
Registrable Securities, in each case not later than the effective date of such
registration.

1.4.          Furnish
Information.  It shall be a condition
precedent to the obligations of the Company to take any action pursuant to Section 1.2
with respect to the Registrable Securities 

 4
 

 

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 required by the Company or the managing underwriters, if
any, to effect the registration of such Holder’s Registrable Securities.

1.5.          Delay
of Registration.  No Holder shall
have any right to obtain or seek an injunction restraining or otherwise
delaying any such registration as the result of any controversy that might
arise with respect to the interpretation or implementation of this Section 1.

1.6.          Indemnification.

(a)           To the extent permitted by law, the Company will indemnify
and hold harmless each Holder, each Holder’s officers, directors, partners,
legal counsel and accountants, any underwriter (as defined in the Act) for such
Holder and each person, if any, who controls such Holder or underwriter within
the meaning of the Act or the 1934 Act, against any losses, claims, damages, or
liabilities (joint or several) to which they may become subject under the Act,
the 1934 Act or other federal or state securities law, insofar as such losses, claims,
damages, or liabilities (or actions in respect thereof) arise out of or are
based upon any of the following statements, omissions or violations
(collectively, a “Violation”): 
(i) any untrue statement or alleged untrue statement of a material
fact contained in a registration statement, including any preliminary
prospectus or final prospectus contained therein or any amendments or
supplements thereto (collectively, the “Filings”), (ii) the
omission or alleged omission to state in the Filings a material fact required
to be stated therein, or necessary to make the statements therein not
misleading, or (iii) any violation or alleged violation by the Company of
the Act, the 1934 Act, any state securities law or any rule or regulation
promulgated under the Act, the 1934 Act or any state securities law; and the
Company will pay any legal or other expenses reasonably incurred by any person
to be indemnified pursuant to this Section 1.6(a) in connection
with investigating or defending any such loss, claim, damage, liability, or
action; provided, however, that the indemnity agreement contained
in this subsection 1.6(a) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability, or action if such
settlement is effected without the consent of the Company (which consent shall
not be unreasonably withheld), nor shall the Company be liable in any such case
for any such loss, claim, damage, liability, or action to the extent that it
arises out of or is based upon a Violation that (i) occurs in reliance upon and
in conformity with written information furnished expressly for use in
connection with such registration by any such Holder, underwriter or
controlling person, and (ii) is unknown to any signatory to the applicable
registration statement.

(b)           To the extent permitted by law, each selling Holder,
severally, but not jointly, will indemnify and hold harmless the Company, each
of its directors, each of its officers who has signed the registration
statement, its legal counsel and accountants, each person, if any, who controls
the Company within the meaning of the Act, any underwriter, any other Holder
selling securities in such registration statement and any controlling person of
any such underwriter or other Holder, against any losses, claims, damages, or
liabilities (joint or several) to which any of the foregoing persons may become
subject, under the Act, the 1934 Act or other federal or state securities law
insofar as such losses, claims, damages, or liabilities (or actions in respect
thereto) arise out of or are based upon any Violation, in each case to the
extent (and only to the extent) that such Violation occurs in reliance upon and
in conformity with written 

 5
 

 

information furnished by such Holder
expressly for use in connection with such registration; and each such Holder
will pay, as incurred, any legal or other expenses reasonably incurred by any
person intended to be indemnified pursuant to this subsection 1.6(b),
in connection with investigating or defending any such loss, claim, damage,
liability, or action; provided, however, that the indemnity
agreement contained in this subsection 1.6(b) shall not apply to
amounts paid in settlement of any such loss, claim, damage, liability or action
if such settlement is effected without the consent of the Holder, which consent
shall not be unreasonably withheld; provided, that, in no event shall any
indemnity under this subsection 1.6(b) exceed the net proceeds from
the offering received by such Holder less the aggregate amount of any damages
which the Holder has otherwise been required to pay in respect of such loss,
claim, damage or liability or any substantially similar loss, claim, damage or
liability arising from the sale of such Registrable Securities.

(c)           Promptly after receipt by an indemnified party under this Section 1.6
of notice of the commencement of any action (including any governmental
action), such indemnified party will, if a claim in respect thereof is to be
made against any indemnifying party under this Section 1.6, deliver
to the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party
similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an
indemnified party (together with all other indemnified parties that may be
represented without conflict by one counsel) shall have the right to retain one
separate counsel, with the fees and expenses to be paid by the indemnifying
party, if representation of such indemnified party by the counsel retained by
the indemnifying party would be inappropriate due to actual or potential
differing interests between such indemnified party and any other party
represented by such counsel in such proceeding. 
The failure to deliver written notice to the indemnifying party within a
reasonable time of the commencement of any such action, if materially
prejudicial to its ability to defend such action, shall relieve such
indemnifying party of any liability to the indemnified party under this Section 1.6,
but the omission so to deliver written notice to the indemnifying party will
not relieve it of any liability that it may have to any indemnified party
otherwise than under this Section 1.6.

(d)           If the indemnification provided for in this Section 1.6
is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect of any loss, claim, damage or expense referred
to therein, then the indemnifying party in lieu of indemnifying such
indemnified party hereunder, shall contribute to the amount paid or payable by
such indemnified party as a result of such loss, claim, damage or expense in
such proportion as is appropriate to reflect the relative fault of the
indemnifying party on the one hand and of the indemnified party on the other in
connection with the statements or omissions that resulted in such loss,
liability, claim or expense as well as any other relevant equitable
considerations.  The relative fault of
the indemnifying party and of the indemnified party shall be determined by
reference to, among other things, whether the untrue or alleged untrue
statement of a material fact relates to information supplied by the
indemnifying party or by the indemnified party and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission.  In no event
shall any Holder be required to contribute an amount in excess of the net
proceeds from the offering received by such Holder less the aggregate amount of
any damages which the Holder has otherwise been required to pay in 

 6
 

 

respect of such loss, claim, damage or
liability or any substantially similar loss, claim, damage or liability arising
from the sale of such Registrable Securities.

(e)           Notwithstanding the foregoing, to the extent that the
provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are
in conflict with the foregoing provisions, the provisions of the underwriting
agreement shall control.

(f)            The obligations of the Company and Holders under this Section 1.6
shall survive the completion of any offering of Registrable Securities in a
registration statement under this Section 1 and/or the termination
of this Agreement.

1.7.          Reports
Under Securities Exchange Act of 1934. 
With a view to making available the benefits of certain rules and
regulations of the SEC, including Rule 144 that may at any time permit a Holder
to sell securities of the Company to the public without registration or
pursuant to a registration on Form S-3, the Company agrees to:

(a)           make and keep public information available, as those terms
are understood and defined in Rule 144, at all times after the effective date
of the first registration statement filed by the Company for the offering of
its securities to the general public;

(b)           take such action, including the voluntary registration of
its Common Stock under Section 12 of the 1934 Act, as is necessary to
enable the Holders to utilize Form S-3 for the sale of their Registrable
Securities, such action to be taken as soon as practicable after the end of the
fiscal year in which the first registration statement filed by the Company for
the offering of its securities to the general public is declared effective; and

(c)           file with the SEC in a timely manner all reports and other
documents required of the Company under the Act and the 1934 Act.

1.8.          Assignment
of Registration Rights.  The rights
to cause the Company to register Registrable Securities pursuant to this Section 1
may be assigned (but only with all related obligations) by a Holder to a
transferee or assignee of such securities who acquires (i) at all of the
assignor’s Registrable Securities from such Holder or (ii) is a
subsidiary, parent, constituent partner or other affiliate of the Holder;
provided that in the case of (i) and (ii), (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.  For the purposes of determining the number of
shares of Registrable Securities acquired by a transferee or assignee from a
Holder, the holdings of transferees and assignees of a partnership who are
partners or retired partners of such partnership (including spouses and
ancestors, lineal descendants and siblings of such partners or spouses who
acquire Registrable Securities by gift, will or intestate succession) shall be
aggregated together and with the partnership; provided that all assignees and
transferees who would not qualify individually for assignment of registration
rights shall have a 

 7
 

 

single attorney-in-fact for the purpose of
exercising any rights, receiving notices or taking any action under this Section 1.

1.9.          “Market
Stand-Off” Agreement.  Each Holder
hereby agrees that it will not, without the prior written consent of the
managing underwriter, during the period commencing on the date of the final
prospectus relating to any public offering by the Company and ending on the
date specified by the Company and the managing underwriter (such period not to
exceed one hundred eighty (l80) calendar days) (i) lend, offer, pledge,
sell, contract to sell, sell any option or contract to purchase, purchase any
option or contract to sell, grant any option, right or warrant to purchase, or
otherwise transfer or dispose of, directly or indirectly, any securities of the
Company, including (without limitation) shares of Common Stock or any
securities convertible into or exercisable or exchangeable for Common Stock (whether
now owned or hereafter acquired) or (ii) enter into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of any securities of the Company, including (without
limitation) shares of Common Stock or any securities convertible into or
exercisable or exchangeable for Common Stock (whether now owned or hereafter
acquired), whether any such transaction described in clause (i) or
(ii) above is to be settled by delivery of securities, in cash or
otherwise.  The foregoing covenants shall
apply only to the Company’s initial public offering of equity securities, shall
not apply to the sale of any shares to an underwriter pursuant to an
underwriting agreement and shall only be applicable to the Holders if all
officers and directors and greater than five percent (5%) stockholders of the
Company enter into similar agreements. 
The underwriters in connection with the Company’s initial public
offering are intended third party beneficiaries of the covenants in this Section 1.9
and shall have the right, power and authority to enforce such covenants as
though they were a party hereto.

1.10.        Termination
of Registration Rights.  No Holder
shall be entitled to exercise any right provided for in this Section 1
after such time at which any Registrable Securities held by such Holder can be
sold in any three-month period without registration in compliance with Rule 144
or Rule 145 of the Act.

1.11.        Additional
Registration Rights.  The Company
will not enter into any agreement with respect to its securities that violates
or conflicts with the registration rights granted to the Holders hereby.

2.             Miscellaneous.

2.1.          Governing
Law.  THIS AGREEMENT SHALL BE
GOVERNED IN ALL RESPECTS BY THE LAWS OF THE STATE OF TEXAS AS SUCH LAWS ARE
APPLIED TO AGREEMENTS BETWEEN TEXAS RESIDENTS ENTERED INTO AND TO BE PERFORMED
ENTIRELY WITHIN TEXAS, WITHOUT REGARD TO CONFLICT OF LAWS RULES.

2.2.          Waivers
and Amendments.  Any term of this
Agreement may be amended or amended and restated and the observance of any term
of this Agreement may be waived (either generally or in a particular instance
and prospectively but not retroactively), only with the written consent of the
Company and the written consent of the Holders of at least sixty six and
two-thirds percent (66-2/3%) of the Registrable Securities held by all of the
Holders.  Any 

 8
 

 

amendment, restatement or waiver affected in accordance with this
paragraph shall be binding upon each holder of Registrable Securities then
outstanding, each future holder of all such Registrable Securities and the
Company; provided, that in the event that such amendment or waiver would treat
a Holder or group of Holders in a manner different from any other Holders, then
such amendment or waiver will require the consent of such Holder or the Holders
of at least sixty-six and two-thirds percent of the Registrable Securities of
such group adversely treated.

2.3.          Successors
and Assigns.  Except as otherwise
expressly provided herein, the provisions of this Agreement shall inure to the
benefit of, and be binding upon, the successors, assigns, heirs, executors and
administrators of the parties hereto.

2.4.          Entire
Agreement.  This Agreement
constitutes the full and entire understanding and agreement between the parties
with regard to the subject matter hereof.

2.5.          Notices.  All notices and other communications required
or permitted hereunder shall be in writing and may be delivered in person or by
facsimile, electronic mail, courier or U.S. mail, in which event it may be
mailed by first-class, certified or registered, postage prepaid, addressed
(a) if to a Common Holder, at the address set forth in the Company’s
records or, at such other address as such Common Holder shall have furnished to
the Company or (b) if to the Company, at its address set forth on the
signature page of this Agreement, or at such other address as the Company shall
have furnished to the Common Holders. 
All such notices and other communications shall be deemed given upon
personal delivery, upon confirmation of facsimile transfer, upon confirmation
of electronic mail transmission, upon delivery by courier or three business
days after deposit in the United States mail.

2.6.          Titles and
Subtitles.  The titles of the
paragraphs and subparagraphs of this Agreement are for convenience of reference
only and are not to be considered in construing this Agreement.

2.7.          Severability.  If one or more provisions of this Agreement
are held to be unenforceable under applicable law, such provision shall be
reformed to the greatest extent possible and limited to any jurisdiction
finding such illegality or, if such reformation is not possible, such provision
shall be excluded from this Agreement, and the balance of the Agreement shall
be interpreted as if such provision were so excluded, and shall be enforceable
in accordance with its terms.

2.8.          Aggregation
of Stock.  All shares of Registrable
Securities of the Company held or acquired by a stockholder and its affiliated
entities shall be aggregated together for the purpose of determining the
availability of any rights under this Agreement.  For purposes of the foregoing, the shares
held by any stockholder that (i) is a partnership or corporation shall be
deemed to include shares held by affiliated partnerships or the partners,
retired partners and stockholders of such holder or members of the “immediate
family” (as defined below) of any such partners, retired partners and
stockholders, and any custodian or trustee for the benefit of any of the
foregoing persons and (ii) is an individual shall be deemed to include
shares held by any members of the stockholder’s immediate family (“immediate
family” shall include any spouse, father, mother, brother, sister, lineal
descendant of spouse or lineal descendant) or to any custodian or trustee for
the benefit of any of the foregoing persons.

 9
 

 

2.9.          Counterparts.  This Agreement may be executed in any number
of counterparts, each of which shall be an original, but all of which together
shall constitute one instrument.

2.10.        Telecopy Execution
and Delivery.  A facsimile, telecopy
or other reproduction of this Agreement may be executed by one or more parties
hereto, and an executed copy of this Agreement may be delivered by one or more
parties hereto by facsimile or similar electronic transmission device pursuant
to which the signature of or on behalf of such party can be seen, and such
execution and delivery shall be considered valid, binding and effective for all
purposes.  At the request of any party
hereto, all parties hereto agree to execute an original of this Agreement as
well as any facsimile, telecopy or other reproduction hereof.

[Signature
pages follow.]

 10

 

IN WITNESS
WHEREOF, the parties have executed this Agreement on the day, month and year
first set forth above.

	
  

  	
   

  	
   

  	
  THE COMPANY:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  TREATY OAK BANCORP, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Jeffrey L. Nash,

  President

  	
   

  

 

	
  

  	
   

  	
   

  	
  Address:

  	
  101 Westlake Drive

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Austin, Texas 78746

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  With
  a copy (which shall not constitute notice) to:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  John
  A. Menchaca, Esq.

  Jenkens & Gilchrist, a Professional Corporation

  	
   

  
	
   

  	
   

  	
   

  	
  401
  Congress Avenue, Suite 2500

  	
   

  
	
   

  	
   

  	
   

  	
  Austin,
  Texas  78701

  	
   

  
	
   

  	
   

  	
   

  	
  Facsimile:
  (512) 499-3810

  	
   

  

 

[Counterpart
Signature Page to Registration Rights Agreement]

 

 

	
  

  	
   

  	
   

  	
   

  	
  COMMON HOLDER:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Print Name:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
								

 

	
  

  	
   

  	
   

  	
   

  	
   

  	
  Address:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

[Counterpart Signature
Page to Registration Rights Agreement]

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