Common Contracts
2 similar Letter Agreement contracts by Community Shores Bank Corp
October 2, 2015Letter Agreement • October 2nd, 2015 • Community Shores Bank Corp • State commercial banks • Michigan
This Share Purchase and Rights Offering Backstop Agreement (this “Letter Agreement”) is entered into by Community Shores Bank Corporation (“Community Shores”) and Thornapple River Capital – Financial Services Industry Fund LLC, a Michigan limited liability company (the “Backstop Party”). This Letter Agreement sets forth the parties’ respective obligations with respect to an offering, described herein (the “Rights Offering”), of rights to purchase shares of Common Stock of Community Shores (“Common Stock”). Subject to the terms and conditions of this Letter Agreement, Community Shores intends the Rights Offering to provide for anticipated gross proceeds of up to $6,550,000.
October 2, 2015Letter Agreement • October 2nd, 2015 • Community Shores Bank Corp • State commercial banks • Michigan
This Share Purchase and Rights Offering Backstop Agreement (this “Letter Agreement”) is entered into by Community Shores Bank Corporation (“Community Shores”) and Bruce J. Essex, Jr., (“Backstop Party”). This Letter Agreement sets forth the parties’ respective obligations with respect to an offering, described herein (the “Rights Offering”), of rights to purchase shares of Common Stock of Community Shores (“Common Stock”). Subject to the terms and conditions of this Letter Agreement, Community Shores intends the Rights Offering to provide for anticipated gross proceeds of up to $6,550,000.
