CHANGE IN CONTROL AGREEMENTChange in Control Agreement • August 10th, 2009 • Lakeland Bancorp Inc • State commercial banks • New Jersey
THIS CHANGE IN CONTROL AGREEMENT (the “Agreement”), is dated as of the 12th day of June 2009, among Lakeland Bancorp, Inc. (the “Holding Company”), a New Jersey corporation, and Lakeland Bank (the “Bank”), a New Jersey chartered commercial bank, having offices at 250 Oak Ridge Road, Oak Ridge, New Jersey 07438 (the Holding Company and the Bank are collectively referred to herein as the “Company”) and Ronald E. Schwarz (the “Executive”).
June 12, 2009 Mr. Ronald E. Schwarz Oak Ridge, NJ 07438 Dear Mr. Schwarz,Securities Purchase Agreement • August 10th, 2009 • Lakeland Bancorp Inc • State commercial banks
Lakeland Bancorp, Inc. (the “Company”) previously entered into a Securities Purchase Agreement (the “Participation Agreement”), with the United States Department of Treasury (“Treasury”) in connection with 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.
