PACIFIC MERCANTILE BANCORP | 2013 | FY | 3


The terms of the warrants issuance are listed below:
 
Shares of Common Stock eligible for purchase(1)
 
Exercise Price of Warrants
 
Gross Proceeds from Sale of Warrants
SBAV
352,444

 
$
6.26

 
$
44,055

Carpenter Funds
408,834

 
$
6.26

 
$
51,105

 
(1)
The warrants are contingent and only exercisable to the extent that we complete an acquisition prior to April 23, 2016 of a bank with assets of at least $250 million.

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