February 13, 2009 Dear [Senior Executive Officer Name],Letter Agreement • February 17th, 2009 • Premierwest Bancorp • National commercial banks
Effective today, PremierWest Bancorp (the “Company”) entered into a Letter Agreement including Securities Purchase Agreement—Standard Provisions (the “Purchase Agreement”) with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company ceases at any time to participate in the CPP, this letter shall be of no further force and effect.
