SEC Contract Filing

Filing Date: 2019-03-01

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d717995dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MERCANTIL BANK HOLDING CORPORATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF CLASS A STOCK PURCHASE AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Stock Purchase Agreement (this &#147;<U>Agreement</U>&#148;) is dated as of February&nbsp;25, 2019, by and among Mercantil Bank Holding
Corporation, a Florida corporation (the &#147;<U>Company</U>&#148;), and to the purchaser identified on the signature page hereto (the &#147;<U>Purchaser</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company is offering (the &#147;<U>Offering</U>&#148;) solely to limited number of accredited investors, in a private placement exempt from
registration under Section&nbsp;4(a)(2) of the Securities Act and Securities and Exchange Commission (&#147;<U>SEC</U>&#148;) Rule 506, up to an aggregate of 1.9&nbsp;million shares of Company Class&nbsp;A $0.10 par value common stock (the
&#147;<U>Class</U><U></U><U>&nbsp;A Shares</U>&#148;). The Purchaser seeks to purchase, on the terms and subject to the conditions set forth in this Agreement, the aggregate number of Class&nbsp;A Shares shown on such purchaser&#146;s signature
page. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are acknowledged,
the parties, intending to be legally bound, agree as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE 1. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PURCHASE AND SALE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1
<U>Purchase and Sale</U>. Subject to the terms and conditions set forth in this Agreement, at the Closing, the Company shall issue, sell and deliver to each Purchaser, and each Purchaser shall, severally and not jointly, purchase from the Company,
the respective number of Class&nbsp;A Shares set forth on such Purchaser&#146;s signature page (the &#147;<U>Purchased Shares</U>&#148;) in uncertificated book-entry form pursuant to instructions of such Purchaser provided to the Company at least
three Business Days in advance of the Closing Date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.2 <U>Closing</U>. Subject to the terms and conditions of this Agreement, the
purchase and sale of the Purchased Shares contemplated hereby shall take place at a closing (the &#147;<U>Closing</U>&#148;) to be held at 10:00 A.M., Atlanta time, not later than the second Business Day after the last of the conditions to Closing
set forth in <U>Articles 5 and 6</U> have been satisfied or waived (the &#147;<U>Closing Date</U>&#148;). The Closing will be held at the offices of Jones Day, 1420 Peachtree Street, N.E., Suite 800, Atlanta, Georgia, 30309, or at such other place
as the parties may mutually agree. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.3 <U>Settlement</U>. As payment in full for the Purchased Shares, on the Closing Date, upon receipt
of the Purchased Shares, each Purchaser shall deliver to the Company the price per share indicated on such Purchaser&#146;s signature page, multiplied by the number of Purchased Shares (such aggregate amount, the &#147;<U>Purchase Price</U>&#148;).
Payment of the Purchase Price shall be made in funds immediately available to the Company by wire transfer on the Closing Date. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE 2. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COMPANY REPRESENTATIONS AND WARRANTIES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company represents and warrants to each Purchaser, as of the date hereof and as of the Closing Date, as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.1 <U>Organization and Authority</U>. The Company is a corporation duly organized, validly existing, and in good standing under the Laws of
State of Florida and is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended (the &#147;<U>BHC Act</U>&#148;). The Company has full corporate power and authority to enter into this Agreement and the other
Transaction Documents to which the Company is a party, to carry out its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby. The execution and delivery by the Company of this Agreement and any
other Transaction Document to which the Company is a party, the performance by the Company of its obligations hereunder and thereunder, and the consummation by the Company of the transactions contemplated hereby and thereb