UNITED STATES DEPARTMENT OF THE TREASURY Washington, D.C. 20220 April 17, 2009Bank of the Carolinas CORP • June 12th, 2009 • National commercial banks
Reference is made to that certain Letter Agreement incorporating the Securities Purchase Agreement – Standard Terms dated of as of the date of this letter agreement (the “Securities Purchase Agreement”) between United States Department of Treasury (“Investor”) and the company named on the signature page hereto (the “Company”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Securities Purchase Agreement.
