Document:

Exhibit 4.4

 

	
  

  	
  8% Cumulative
  Perpetual Preferred Stock, Series B $20.00 Liquidation Value Certificate
  Number 001 Shares 105,647 Pacific Coast Bankers’ Bank TRANSFER OF THIS
  CERTIFICATE IS RESTRICTED. SEE LEGEND ON REVERSE SIDE THIS CERTIFIES THAT IS
  THE OWNER OF ** ONE HUNDRED FIVE THOUSAND SIX HUNDRED FORTY SEVEN SHARES **
  FULLY PAID AND NON-ASSESSABLE SHARES OF THE 8% CUMULATIVE PERPETUAL PREFERRED
  STOCK, SERIES B OF Community Valley Bancorp transferable in person or by duly
  authorized attorney upon surrender of this certificate properly endorsed.
  This certificate and the shares represented hereby are subject to the
  provisions of the Articles of Incorporation, all amendments thereto and the
  Bylaws of the Corporation, and to the rights, preferences and voting powers
  of the Preferred Stock of the Corporation now or hereafter outstanding; the
  terms of all such provision, rights, preferences and voting powers in the
  Certificate of Determination for the Corporation’s Preferred Stock Series B
  being incorporated herein by reference. IN WITNESS THEREOF, Community Valley
  Bancorp has caused this certificate to be executed by signatures of its duly
  authorized officers. President Secretary DATED DECEMBER , 2009 COMMUNITY
  VALLEY BANCORP 

  

 

 

 

THE SECURITIES REPRESENTED BY
THIS INSTRUMENT ARE NOT SAVINGS ACCOUNTS, DEPOSITS OR OTHER OBLIGATIONS OF A
BANK AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY
OTHER GOVERNMENTAL AGENCY.

 

THE SECURITIES REPRESENTED BY
THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT
BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION
STATEMENT RELATING THERETO IS IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE
SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR
SUCH LAWS.

 

THIS INSTRUMENT IS ISSUED
SUBJECT TO RIGHTS, PRIVILEGES, PREFERENCES AND RESTRICTIONS IN THE CERTIFICATE
OF DETERMINATION FILED WITH THE CALIFORNIA SECRETARY OF STATE FOR THE COMPANY’S
PREFERRED STOCK SERIES B.

 

The
following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

 

	
  TEN COM

  	
  -

  	
  as tenants in common

  	
  UNIF GIFT MIN 

  	
  Custodian

  
	
   

  	
   

  	
   

  	
  ACT-

  	
   

  	
   

  
	
  TEN ENT

  	
  -

  	
  as tenants by the entireties

  	
   

  	
  (CUST)

  	
  (Minor)

  
	
  JT TEN

  	
  -

  	
  as joint tenants with
  right of survivorship

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  under Uniform Gifts to
  Minors Act

  	
   

  
	
   

  	
   

  	
  and not as tenants in
  common

  	
   

  	
  (STATE)

  
	
   

  	
   

  	
   

  	
  UNIF TRF MIN ACT

  	
  Custodian (until
  age   ).

  
	
   

  	
   

  	
   

  	
   

  	
  (CUST)

  
	
   

  	
   

  	
   

  	
   

  	
  (MINOR)

  
	
   

  	
   

  	
   

  	
  under Uniform Transfers
  to Minors Act             

  
	
   

  	
   

  	
   

  	
   

  	
  (STATE)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Additional abbreviations
  may also be used though not in the above list.

  

 

For
Value Received,                       
hereby sell, assign and transfer unto

 

PLEASE
INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

 

 

(PLEASE
PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)

 

 

                                                                                                                                                                                                          shares
of the capital stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint

 

                                                                                                                                                                                                        Attorney
to transfer the said stock on the books of the within named Corporation with
full power of substitution in the premises.

 

	
  Dated:

  	
   

  	
  20

  	
   

  	
   

  	
   

  
	
   

  	
  Signature:

  
	
   

  	
   

  
	
   

  	
  Signature:

  
	
  SIGNATURE(S) GUARANTEED:

  	
  NOTE: THE SIGNATURE TO
  THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE
  CERTIFICATE, IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT, OR ANY
  CHANGE WHATEVER.

  
	
   

  	
   

  
	
   

  	
   

  
	
  THE SIGNATURE(S) SHOULD BE
  GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings
  and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED
  SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE l7Ad-15.EXHIBIT 10.1

 

LOAN PARTICIPATION AND DEBT CONVERSION AGREEMENT

 

This
LOAN PARTICIPATION AND DEBT CONVERSION AGREEMENT (this “Agreement”)  is entered into as of December 21, 2009, by and among
Pacific Coast Bankers’ Bank, a California commercial bank (“PCBB”), Community Valley Bancorp, a California corporation
and bank holding company (“Borrower”), and
each “Investor” (collectively, the “Investors”) named on the signature page hereto.

 

R E C I T A L S

 

A.              PCBB
made a loan to Borrower on or about June 30, 2008 in the original
principal amount of $4,000,000, as further described in Exhibit A
(the “Loan”),
a portion of which Loan PCBB wishes to sell to Investors.  The term “Loan”
includes but is not limited to all extensions, renewals, modifications and
refinancings of Borrower’s obligation under the Loan Documents, as well as all
collateral and assurances of repayment taken in connection with the Loan.  The documents evidencing the Loan, some of
which are described on Exhibit A, are referred to as the “Loan Documents.”

 

B.            Each Investor
desires to purchase a participation interest in the Loan in the amount and for
the price set forth next to that Investor’s name on Exhibit A.

 

C.            Borrower desires to convert the debt
represented by the Loan into equity by converting the Loan into preferred stock
of Borrower.

 

D.            PCBB and the Investors desire to convert the
entire Loan into preferred stock of Borrower as of the Closing (defined below).
Pursuant to such conversion, Borrower proposes to issue (i) to PCBB
105,647 shares of 8% Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred”), the terms of which are set forth
in that certain Certificate of Determination of 8% Cumulative Perpetual
Perferred Stock, Series B, to be filed with the California Secretary of
State in substantially the form set forth on Exhibit C
hereto (the “Series B Certificate”) in
satisfaction of the portion of the Loan retained by PCBB, and (ii) to the
Investors an aggregate of 240,000 shares of 6% Mandatory Convertible Cumulative
Preferred Stock, Series A (the “Series A Preferred”),
the terms of which are set forth in that Certificate of Determination of 6%
Mandatory Convertible Cumulative Preferred Stock, Series A, to be filed
with the California Secretary of State in substantially the form set forth on Exhibit D hereto (the “Series A Certificate”) in satisfaction of the portion
of the Loan purchased from PCBB by the Investors.  The Series A Preferred and the Series B
Preferred are generally referred to in this Agreement as the “preferred stock.”

 

1

 

AGREEMENT

 

NOW, THEREFORE, the Parties agree
as follows:

 

1.                                     SALE OF PARTICIPATION.

 

A.            Subject to
satisfaction of the closing conditions set forth below, PCBB sells to each
Investor, and each Investor purchases from PCBB, the undivided portion of the
Loan set forth next to that Investor’s name in Exhibit A.  Such purchase of an interest in the Loan is
without recourse to PCBB.  This Loan participation constitutes of a sale
of a percentage ownership interest in the Loan and may not be construed as an
extension of credit to PCBB or to any Investor. 
The loan fees paid by the Borrower at the inception of the Loan,
including commitment fees, points and service fees, and all amounts paid by
Borrower in connection with the Loan through and including the date on which
Closing occurs, will be retained by PCBB.

 

B.            The Loan is
secured by the a pledge of collateral described in the Loan Documents (the “Collateral”), all of which
is evidenced by executed security agreements, guaranties, assignments,
mortgages, deeds of trust, and/or financing statements, as appropriate, in
favor of PCBB.  Subject to satisfaction
of the closing conditions set forth below, PCBB assigns a proportionate share
of all right, title, and interest in and to the Collateral to Investors.

 

C.            Each Investor
acknowledges that it has made an independent investigation of the Loan and has
satisfied itself with respect to the credit standing of the Borrower and any
guarantor of the Loan, the value of any Collateral, the content, validity and
enforceability of the Loan Documents, and all other matters in connection with
the Loan.  Each Investor acknowledges
that it is not relying on any other party’s judgment and that PCBB has made no
warranty of any kind, express or implied, in connection with any of the
foregoing. 
Each Investor agrees
that it shares the risks of loss on the Loan in proportionate shares as set
forth in Exhibit A.  Each Investor acknowledges that, based
on independent evaluation, analysis, and consultation with attorneys, the Loan
participation interests sold hereunder are not securities or, if a security,
are exempt from registration or qualification under state and federal
securities laws.  Investors warrant that
the information learned in connection with the Loan will be held in strictest
confidence.

 

D.            Upon Closing,
PCBB’s and the Investors’ interests in the Loan will be equitable and include
the right, title, and interest in and to all payments and recoveries after
Closing with respect to the Loan from any source derived, whether by setoff,
liquidation of Collateral, or otherwise, in proportion to each party’s
percentage interest in the Loan.  Upon
Closing, the Investors’ portions of the Loan will be of equal priority with all
interests in the Loan retained by PCBB and with any other participant to whom
PCBB may sell an interest in the Loan.

 

E.             Borrower may,
upon or after Closing with respect to the sale of participation interests in
the Loan to Investors, require the Investors, or the Investors may each elect,
in his, her or its own discretion, to convert each Investor’s entire
participation interest in the Loan into Series A Preferred shares, up to
an aggregate of 240,000 shares Series A Preferred for all Investors.  An Investor
may exercise his, her or its conversion rights by executing and delivering to
Borrower a Notice of Conversion in the form attached hereto as Exhibit E.  Borrower may exercise its conversion rights
with respect to an Investor by executing and delivering to that Investor a
Notice of Conversion in the form attached hereto as Exhibit F.

 

2

 

2.                                     REPRESENTATIONS,
WARRANTIES AND COVENANTS.

 

A.            The shares of Series A Preferred and Series B
Preferred to be issued to Investors and to PCBB, respectively, upon Closing,
and the shares of common stock issuable upon conversion of the Series A
Preferred and Series B Preferred, respectively, (i) are duly
authorized and have been validly reserved for issuance, (ii) are not
subject to any contractual restrictions, whether express or implied,
including but not limited to any agreement providing for resale limitations or
covenants limiting the transferability of such securities, any preemptive
rights or rights of first refusal, except as otherwise required by law under
the Securities Act of 1933, as amended (the “Securities
Act”) and (iii) upon issuance, will be validly issued, fully
paid and nonassessable and will be free of any liens, encumbrances or
restrictions that could prevent or otherwise limit their immediate
transferability, except as otherwise required by law under the Securities Act.

 

B.            All
corporate action on the part of Borrower, its directors, officers and
stockholders necessary for the authorization, execution, delivery and
performance by Borrower of this Agreement, and any other document, the
execution and delivery of which is contemplated hereby, the consummation of the
transactions contemplated herein, the authorization and issuance of the Series B
Preferred and the Series A Preferred and the common stock issuable upon
conversion thereof has been taken or will be taken upon execution of this
Agreement.

 

C.            Borrower
is not in violation or default of any term of its articles of incorporation,
bylaws and similar organizational documents, nor, in any material respect, the
terms of any mortgage, indenture, contract, agreement, license, instrument,
judgment, decree, order or any law, statute, rule or regulation, to which
Borrower is subject or bound. The execution, delivery and performance by
Borrower of this Agreement and any related agreements, and the consummation of
the transactions contemplated hereby will not result in any such violation or
be in conflict with or constitute with or without the passage of time or giving
of notice, either a default under any such provision, mortgage, indenture,
contract, agreement, license, instrument, judgment, decree, order, law,
statute, rule or regulation applicable to Borrower or an event that
results in the creation of any lien, charge or encumbrance upon any assets of
Borrower or the suspension, revocation, impairment, forfeiture or non-renewal
of any permit, license, authorization or approval applicable to Borrower, its
business or operations or any of its assets or properties.

 

D.            No
consent, approval, qualification, order or authorization of, or filing with,
any governmental authority is required in connection with Borrower’s valid
execution, delivery or performance of this Agreement or the consummation of any
transaction contemplated hereby, except for notice filings as required pursuant
to applicable securities laws exemptions. To Borrower’s knowledge, no third
party consents are required for the authorization, execution or delivery of
this Agreement or any document contemplated hereby.

 

3

 

E.             Borrower
agrees that, if any shares of common stock into which Series B
Preferred are convertible (the “Registrable Securities”) do
not qualify for immediate resale  pursuant to Rule 144 under
the Securities Act of 1933, as amended, PCBB may, in its sole discretion by
written notice delivered to Borrower within 180 days after the date on which
the Registrable Securities are issued, require Borrower to (i) prepare
and file, at Borrower’s sole expense, a registration statement on Form S-3
(or if the Borrower is not eligible to use Form S-3, on a comparable
form) for the Registrable Securities, and (ii) use best efforts
to have such registration statement be declared effective by the Securities and
Exchange Commission not later than 120 days from its initial filing date.

 

F.             Borrower
agrees to indemnify, hold harmless and defend PCBB and Investors (and their
affiliates, officers, directors, agents, attorneys and employees) (each, an “Indemnified Party”) from and against any and all claims,
actions, suits, investigations, damages, costs and expenses, including
reasonable attorneys’ fees, that any Indemnified Party may incur or become
subject to as a result of any breach or violation of any of Borrower’s
representations, warranties or covenants under this Agreement.

 

G.            Each Investor represents and warrants to,
and covenants with, Borrower and PCBB as of the date hereof and as of the
Closing as follows:

 

(i)            Each
Investor is acquiring the preferred stock for investment for its own account,
and not with a view to, or resale in connection with, any distribution thereof,
and has no present intention of selling or distributing such preferred
stock.  Each Investor understands that
the preferred stock has not been registered under the Securities Act, by reason
of a specific exemption from the registration provisions of the Securities Act
which depends upon, among other things, the bona fide nature of the investment
intent as expressed herein.

 

(ii)           Each  Investor acknowledges that because the preferred stock has
not been registered under the Securities Act, the preferred stock must be held
indefinitely unless subsequently registered under the Securities Act or an
exemption from such registration is available. Investor is aware of the
provisions of Rule 144 promulgated under the Securities Act which permits
limited resale of securities purchased in a private placement under certain
circumstances.

 

(iii)          Each
Investor understands that no public market now exists for the preferred stock
and that it is uncertain whether a public market will ever exist for any such
securities.

 

(iv)          Each
Investor has had an opportunity to discuss the Borrower’s business, management
and financial affairs with its management and to obtain any additional
information necessary or appropriate for deciding whether or not to purchase
the preferred stock. Each Investor has had the opportunity to discuss the
investment with legal and tax advisors of its choice. Investor acknowledges
that no representations or warranties have been made by PCBB (or any of its
affiliates), the Borrower, or any agent thereof except as set forth in this
Agreement.

 

4

 

(v)           Each
Investor is knowledgeable, sophisticated and experienced in making, and is
qualified to make investments in restricted securities such as the preferred
stock, can bear the economic risk of such investment and has such knowledge and
experience in financial or business matters that the Investor is capable of
evaluating the merits and risks of the investment contemplated herein.

 

(vi)          Each
Investor understands that an investment in the preferred stock of the Borrower
involves a high degree of risk and is suitable only for investors who can
afford a loss of their entire investment and who have no need for liquidity
from their investment.

 

(vii)         Each
Investor represents, warrants and acknowledges that he, she or it, as
applicable, has not been solicited or advised in any way by PCBB (or its
affiliates) with respect to its purchase of a participation interest in the
Loan, the conversion of the Loan or any aspect of the preferred or common stock
of Borrower.  Each Investor has relied
entirely on its own investigation and advisors in entering into the transactions
contemplated by this Agreement.

 

H.            PCBB
represents and warrants to, and covenants with, Borrower as of the date hereof
and as of the Closing as follows:

 

(i)            PCBB
understands that the preferred stock has not been registered under the
Securities Act of 1933, as amended (the “Securities Act”).

 

(ii)           PCBB
acknowledges that, because the preferred stock has not been registered under
the Securities Act, the preferred stock must be held indefinitely unless
subsequently registered under the Securities Act or an exemption from such
registration is available. PCBB is aware of the provisions of Rule 144
promulgated under the Securities Act which permits limited resale of securities
purchased in a private placement under certain circumstances.

 

(iii)          PCBB
understands that no public market now exists for the preferred stock and that
it is uncertain whether a public market will ever exist for any such
securities.

 

(iv)          PCBB
has had an opportunity to discuss the Borrower’s business, management and
financial affairs with its management and to obtain any additional information
necessary or appropriate for deciding whether or not to purchase the preferred
stock. PCBB has had the opportunity to discuss the investment with legal and
tax advisors of its choice. PCBB acknowledges that no representations or
warranties have been made by the Borrower, or any agent thereof except as set
forth in this Agreement.

 

(v)           PCBB
is knowledgeable, sophisticated and experienced in making, and is qualified to
make investments in restricted securities such as the preferred stock, can bear
the economic risk of such investment and has such knowledge and experience in
financial or business matters that PCBB is capable of evaluating the merits and
risks of the investment contemplated herein.

 

(vi)          PCBB
understands that an investment in the preferred stock of the Borrower involves
a high degree of risk and is suitable only for investors who can afford a loss
of their entire investment and who have no need for liquidity from their
investment.

 

5

 

(vii)         PCBB
has relied entirely on its own investigation and advisors in entering into the
transactions contemplated by this Agreement.

 

I.              The
certificate(s) representing the Series A Preferred, Series B Preferred
and the common stock into which the preferred stock is convertible into will,
at Borrower’s option, bear the following or similar legends (as well as any
legends required by applicable laws):

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR
UNDER ANY STATE SECURITIES LAWS, OR OTHER APPLICABLE LAWS, AND MAY NOT BE
OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE SECURITIES ACT
AND QUALIFICATION UNDER APPLICABLE STATE SECURITIES LAWS OR OTHER APPLICABLE
LAWS OR AN OPINION OF COUNSEL THAT AN EXEMPTION FROM SUCH REGISTRATION AND
QUALIFICATION IS AVAILABLE.

 

3.             CLOSING CONDITIONS.  The Closing (defined below) with respect to
the transactions contemplated by Sections 1 and 2 above will be deemed to have
occurred when all of the following conditions precedent have been satisfied, as
confirmed by PCBB to the Parties:

 

A.            PCBB has received by no later than December     ,
2009 an aggregate of $1,000,000 from the Investors via wire transfers made to
the account specified below and the individual wire transfer amounts correspond
to the amounts payable by each Investor, as set forth on Exhibit A.  Such funds will be held by PCBB until Closing,
and in the event there is no Closing by December     ,
2009, PCBB agrees to return such funds to the Investors.

 

	
  Routing
  Number:

  	
  121042484

  
	
  Abbreviated
  Name:

  	
  Pac
  Cos Bkrs Bk SF

  
	
  Account
  Number:

  	
  9000100

  
	
  For
  Further Credit:

  	
  Community
  Valley Bancorp Loan #7004582

  
	
  Attn:

  	
  Loan Operations

  

 

B.            PCBB has received official
confirmation from the California Secretary of State that the Series B
Certificate has been filed.

 

C.            The Investors have been sent a copy
of an official confirmation from the California Secretary of State that the Series A
Certificate has been filed.

 

D.            PCBB has received
an opinion letter from Borrower’s
counsel confirming that all of PCBB’s Series B Preferred shares and the
common stock into which the Series B Preferred may convert are all eligible
for resale at any time after Closing pursuant to (i) an exemption under Section 4(2) of
the Securities Act and/or (ii) Rule 144 of the Securities Act.

 

6

 

E.             PCBB has received an original
executed stock certificate of Borrower representing 105,647 Series B
Shares.

 

F.             Conversion notices, either in the
form attached hereto as Exhibit E
and executed by an Investor and delivered to Borrower, or in the form attached
hereto as Exhibit F and executed by
Borrower and delivered to an Investor, have been delivered with respect to all
Investors’ participation interests in the Loan.

 

G.            Each Investor confirms receipt of an
executed stock certificate of Borrower representing the Series A Shares
issuable to him, her or it, as set forth on Exhibit B.

 

H.            The representations, warranties and
covenants of Borrower in Section 2 above remain true and have not been
breached.

 

4.             EFFECT OF CLOSING.  When all conditions set forth in Section 3
have been satisfied, then the following transactions will be deemed to have
occurred in the following order (such transactions collectively, the “Closing”):

 

A.            Investors will
have purchased from PCBB the participation interests set forth on Exhibit A as set forth in Section 1
of this Agreement.

 

B.            PCBB’s retained
portion of the Loan will be converted into, and PCBB will own, 105,647 shares of Series B
Preferred.

 

C.            The aggregate
portion of the Loan purchased from PCBB by the Investors will be converted into
a total of 240,000 shares of Series A Preferred, with each Investor owning
the number of shares of the Series A Preferred shown next to that Investor’s
name on Exhibit B.

 

D.            The Loan will be
deemed repaid in full and the Loan Documents terminated.

 

5.             OTHER AGREEMENTS.  Within a reasonable period after the Closing,
PCBB will take such action as may be reasonably necessary to evidence the
release of its lien in and to the Collateral and the termination of any
guaranties and Loan Documents.

 

6.                                     MISCELLANEOUS.

 

A.            The Parties agree that this Agreement is not
to be construed to create a partnership, joint venture, agency, or fiduciary
relationship between any of the parties hereto.

 

B.              Whenever written notice is required, it can
be delivered by facsimile, e-mail, overnight delivery, or first-class
mail.  The authorized addresses for
written notices are those set forth on the signature page hereto.

 

7

 

C.              No Investor may sell, pledge or exchange
any portion of its interest in the Loan without PCBB’s prior written consent.

 

D.              This Agreement and the attachments, exhibits
and addenda hereto represent the entire agreement of each of the Parties with
respect to its subject matter and supersede any prior or contemporaneous
agreements between the Parties; each Party understands that this Agreement may
not be modified in any manner except by a writing executed by the Party to be
charged.  The Recitals are part of this
Agreement.

 

E.               This Agreement may be executed in one or more
counterparts.

 

F.               The substantive laws of the state of
California apply to the interpretation and enforcement of this Agreement,
notwithstanding choice of law principles. 
The parties agree that any suit brought to enforce this agreement must
be brought in the state or federal courts sitting in San Francisco, California
(and no other court) and the Parties consent to the jurisdiction of such courts
and waive any objection based on forum non
conveniens or similar objections.

 

G.              If any proceeding is brought by any Party to
enforce or modify or otherwise affect the terms of this Agreement, each
unsuccessful party must pay each prevailing party its costs and reasonable
attorneys’ fees incurred in bringing or defending such action.

 

IN WITNESS WHEREOF, the Parties have caused this Loan Participation and Debt
Conversion Agreement to be duly executed as of the date shown above.

 

	
  “BORROWER”:  

  Community Valley Bancorp, a
  California corporation and bank holding company  

  	
   

  	
  “PCBB”:  

  Pacific Coast Bankers’ Bank, a
  California commercial bank  

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
  Name:  

  	
   

  	
  Name:  

  
	
  Title:

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
  Address for notices:

  	
   

  	
  Address for notices:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
					

 

8

 

	
  “INVESTORS”:

  	
   

  	
  “INVESTORS”:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Signature:

  	
   

  	
   

  	
  Signature:

  	
   

  
	
  Print Name:

  	
   

  	
  Print Name:

  
	
   

  	
   

  	
   

  
	
  Primary residence address:

  	
   

  	
  Primary residence address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
					

 

	
  Signature:

  	
   

  	
   

  	
  Signature:

  	
   

  
	
  Print Name:

  	
   

  	
  Print Name:

  
	
   

  	
   

  	
   

  
	
  Primary residence address:

  	
   

  	
  Primary residence address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

	
  Signature:

  	
   

  	
   

  	
  Signature:

  	
   

  
	
  Print Name:

  	
   

  	
  Print Name:

  
	
   

  	
   

  	
   

  
	
  Primary residence address:

  	
   

  	
  Primary residence address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

	
  Signature:

  	
   

  	
   

  	
  Signature:

  	
   

  
	
  Print Name:

  	
   

  	
  Print Name:

  
	
   

  	
   

  	
   

  
	
  Primary residence address:

  	
   

  	
  Primary residence address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

9

 

	
  Signature:

  	
   

  	
   

  	
  Signature:

  	
   

  
	
  Print Name:

  	
   

  	
  Print Name:

  
	
   

  	
   

  	
   

  
	
  Primary residence address:

  	
   

  	
  Primary residence address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

	
  Signature:

  	
   

  	
   

  	
  Signature:

  	
   

  
	
  Print Name:

  	
   

  	
  Print Name:

  
	
   

  	
   

  	
   

  
	
  Primary residence address:

  	
   

  	
  Primary residence address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

	
  Signature:

  	
   

  	
   

  	
  Signature:

  	
   

  
	
  Print Name:

  	
   

  	
  Print Name:

  
	
   

  	
   

  	
   

  
	
  Primary residence address:

  	
   

  	
  Primary residence address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

	
  Signature:

  	
   

  	
   

  	
  Signature:

  	
   

  
	
  Print Name:

  	
   

  	
  Print Name:

  
	
   

  	
   

  	
   

  
	
  Primary residence address:

  	
   

  	
  Primary residence address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]