COMMUNITY FIRST BANCORP, INC.
RIGHTS OFFERING
SUBSCRIPTION AGREEMENT
THE GENERAL TERMS AND CONDITIONS OF THE RIGHTS OFFERING, TO WHICH ALL ORDERS ARE
SUBJECT, ARE SET FORTH IN THE PROSPECTUS FOR THE RIGHTS OFFERING. YOU ARE URGED
TO CAREFULLY READ THE PROSPECTUS IN ITS ENTIRETY PRIOR TO SUBMITTING THIS
SUBSCRIPTION AGREEMENT. ALL SUBSCRIPTIONS, ONCE SUBMITTED, ARE IRREVOCABLE.
1. (a) Rights Offering. The undersigned hereby irrevocably subscribes for
_______________________ shares of common stock of Community First Bancorp,
Inc. pursuant to the exercise of the undersigned's subscription right at
$_____ per share.(1)
(b) Oversubscription Privilege. The undersigned hereby irrevocably
subscribes for__________________ shares of common stock of Community First
Bancorp,Inc. pursuant to the exercise of the undersigned's oversubscription
privilege, subject to the availability of such shares, at $____ per
share.(2) Note: You may exercise the oversubscription privilege only if you
have elected to purchase the full number of shares allocated to youin the
rights offering.
2. Purchase Price and Manner of Payment. The undersigned hereby submits
herewith, by means of a
|_| personal check, |_| cashier's or bank check, or |_| money order,
in each case payable to "Community First Bancorp, Inc. Escrow Account", or
by |_| wire transfer to the Community First Bancorp, Inc. Escrow Account
from account number _______________ at __________________________ (name of
bank), routing number __________________ payment in the amount of
$_________________________ ($_____ multiplied by the total number of shares
subscribed for in 1(a) and 1(b) above), in full payment of the offering
price of the shares subscribed for.(3)
3. Registration of Certificates. All shares subscribed for will be registered
in exactly the same manner as the undersigned's shares of common stock
which gave rise to the undersigned's subscription rights.
4. Deadline. This subscription agreement and payment in full of the
subscription price must be actually received by Community First Bancorp,
Inc., and any payments must clear, NO LATER THAN 5:00 P.M., CENTRAL TIME,
ON ______________, 2007.
5. The undersigned acknowledges and agrees that:
(a) The undersigned has received a copy of Community First Bancorp, Inc.'s
prospectus dated _______________, 2007. By executing this Subscription
Agreement, the undersigned acknowledges and agrees to all of the terms and
conditions of the rights offering as described in the prospectus.
(b) Subscription rights are not transferable.
(c) Subscriptions are binding on subscribers and may not be revoked by
subscribers.
- --------------------------
1 Subject to maximum subscription of ___ shares for each share owned of
record as of the close of business on the record date, or _____ multiplied
by the number of shares registered in the undersigned's name as of the
record date, rounded to the next higher whole share.
2 Subject to reduction in the event that the offering is oversubscribed.
3 If the aggregate subscription price paid does not equal the total number of
shares subscribed for pursuant to the rights and the oversubscription
privilege, or if no number of shares is specified, you will be deemed to
have to subscribed for shares of common stock to the full extent of the
payment tendered.
(over)
---------------------------------------------------------------
Exact name of Shareholder(s) as it appears on stock certificate
---------------------------------------------------------------
---------------------------------------------------------------
---------------------------------------------------------------
Address of Shareholder
SIGNATURE:
- -------------------------------------------------------------------------------
(Signature(s) of subscriber(s) exactly as name(s) appear above)
Dated: __________________, 2007
If signature is by trustee(s), executor(s), administrator(s), guardian(s),
attorney(s)-in-fact, agent(s), officer(s) of a corporation or another acting in
a fiduciary or representative capacity, please provide the following information
as to such person.
Name (please print):
-----------------------------------------------------------
Capacity (Full title):
---------------------------------------------------------
Address (including ZIP):
-------------------------------------------------------
Business Telephone Number (including area code):
-------------------------------
Taxpayer identification or Social Security Number:
-----------------------------
ACCEPTANCE OF PAYMENTS: Payments will be deemed to have been received only upon
the (i) clearance of any uncertified check, or (ii) receipt of any certified
check or bank draft drawn upon a United States bank or postal, telegraphic or
express money order, or funds transferred through a wire transfer. If paying by
uncertified personal check, please note that the funds paid thereby may take at
least five business days to clear. Accordingly, holders of subscription rights
who wish to pay the subscription price by means of uncertified personal check
are urged to make payment sufficiently in advance of the expiration date to
ensure that such payment is received and clears by such date. You are urged to
consider payment by means of certified or cashier's check, money order, or wire
transfer.
FRACTIONAL SHARES: Fractional shares will not be sold. Shareholders may round
any such fraction up to a full share.
CONTACTING US: Our address Community First Bancorp, Inc., 2420 North Main
Street, Madisonville, Kentucky 42431, and our telephone number is (270)
326-3500. Please contact William M. Tandy, our President and Chief Executive
Officer, with any questions regarding the rights offering.
RESERVATION OF RIGHTS: All issues with respect to the validity, form and
eligibility of the exercise of any rights to purchase rights offering shares
will be resolved solely by Community First Bancorp, Inc. Community First
Bancorp, Inc., in its sole discretion, may waive any defect or irregularity or
permit a defect or irregularity to be corrected within such time as it may
determine. Community First Bancorp, Inc. will not deem any subscriptions to have
been made until all irregularities have been waived or cured. Community First
Bancorp, Inc. will not be under any duty to give notification of defects in any
subscription and will not incur any liability for failure to give such
notification.