SEC Contract Filing

Filing Date: 2024-10-01

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<DESCRIPTION>EX-10.1
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<DIV><FONT size="1" style="font-size:1pt;color:white">4867-1315-1193 v.5 SENIOR NOTE PURCHASE AGREEMENT This SENIOR NOTE PURCHASE AGREEMENT (this &#8220;Agreement&#8221;) is dated as of September 30, 2024, and is made by and among Eagle Bancorp, Inc., a Maryland corporation and registered bank holding company (the &#8220;Company&#8221;), and the several purchasers of the Senior Notes (as defined herein) identified on the signature pages hereto (each a &#8220;Purchaser&#8221; and collectively, the &#8220;Purchasers&#8221;). RECITALS WHEREAS, the Company is offering up to $77,665,000 in aggregate principal amount of Senior Notes of the Company. WHEREAS, the Company has engaged Piper Sandler &amp; Co. and Keefe, Bruyette &amp; Woods, Inc. as its exclusive placement agents (the &#8220;Placement Agents&#8221;) for the offering of the Senior Notes to institutional &#8220;accredited investors&#8221; (as such term is referenced in Section 6.5 below), including QIBs (as defined below) and, for clarity, not to individual &#8220;accredited investors&#8221; (as such term is referenced in Section 6.6 below). WHEREAS, each of the Purchasers is an &#8220;accredited investor&#8221; as such term is defined in Rule 501 of Regulation D (&#8220;Regulation D&#8221;) promulgated under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;). WHEREAS, the offer and sale of the Senior Notes by the Company is being made in reliance upon the exemptions from registration available under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D. WHEREAS, each Purchaser is willing to purchase from the Company a Senior Note in the principal amount set forth on such Purchaser&#8217;s respective signature page hereto (each, a &#8220;Senior Note Amount&#8221;) in accordance with the terms, subject to the conditions and in reliance on, the recitals, representations, warranties, covenants and agreements set forth herein and in the Senior Notes and in the Indenture (as defined herein). WHEREAS, at Closing (as defined herein), the Company and the Purchasers shall execute and deliver a Registration Rights Agreement, substantially in the form attached hereto as Exhibit A (the &#8220;Registration Rights Agreement&#8221;), pursuant to which, among other things, the Company will agree to provide certain registration rights with respect to the Senior Notes under the Securities Act and the rules and regulations promulgated thereunder and applicable state securities laws. NOW, THEREFORE, in consideration of the mutual covenants, conditions and agreements herein contained and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereto hereby agree as follows: AGREEMENT Exhibit 10.1 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">2 4867-1315-1193 v.5 1. DEFINITIONS. 1.1 Defined Terms. The following capitalized terms used in this Agreement have the meanings defined or referenced below. Certain other capitalized terms used only in specific sections of this Agreement may be defined in such sections. &#8220;Affiliate(s)&#8221; means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with such Person. For purposes of this definition, &#8220;control,&#8221; when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms &#8220;controlling&#8221; and &#8220;controlled&#8221; have meanings correlative to the foregoing. &#8220;Agreement&#8221; has the meaning set forth in the preamble hereto. &#8220;Applicable Procedures&#8221; means, with respect to any transfer or exchange of or for beneficial interests in any Senior Note represented by a global certificate, the rules and procedures of DTC (as defined herein) that apply to such transfer or exchange. &#8220;Articles of Incorporation&#8221; means the articles of incorporation of the Company, as in effect on the Closing Date. &#8220;Bank&#8221; means EagleBank, a Maryland state bank that is a member of the Federal Reserve System and a wholly owned Subsidiary of the Company. &#8220;Business Day&#8221; means any day other than a Saturday, Sunday or United States federal holiday or a day on which the SEC is closed or banking institutions in the State of Maryland are permitted or required by any applicable law or executive order to close. &#8220;Bylaws&#8221; means the bylaws of the Company, as in effect on the Closing Date. &#8220;Closing&#8221; has the meaning set forth in Section 2.5. &#8220;Closing Date&#8221; means September 30, 2024. &#8220;Company&#8221; has the meaning set forth in the preamble hereto and shall include any successors to the Company. &#8220;Company Covered Person&#8221; has the meaning set forth in Section 4.2.4. &#8220;Company&#8217;s Reports&#8221; means (i) the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC, including the audited financial statements contained therein; (ii) the Company&#8217;s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, as filed with the SEC, including the unaudite