CONFIDENTIALCarroll Bancorp, Inc. • March 11th, 2011
Stifel, Nicolaus & Company, Incorporated (“Stifel Nicolaus”) is pleased to submit this letter agreement setting forth the terms of the proposed engagement of Stifel Nicolaus as data processing records management agent (the “Records Agent”) for Carroll Community Bank (the “Bank”) in connection with the proposed mutual-to-stock conversion of the Bank and the concurrent sale of common stock of a new stock holding company (the “Stock Company”) to be formed in connection with the Conversion.
February 4, 2011Carroll Bancorp, Inc. • March 11th, 2011
This letter sets forth the agreement between Carroll Community Bank, Sykesville, Maryland (the “Bank”), and RP® Financial, LC. (“RP Financial”) for the independent appraisal services in connection with the stock to be issued concurrent with the mutual-to-stock conversion transaction and holding company reorganization. The specific appraisal services to be rendered by RP Financial are described below.
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • March 11th, 2011 • Carroll Bancorp, Inc. • Maryland
THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is made as of the day of , 2011, between Carroll Community Bank, a Maryland state-chartered commercial bank (“Bank”) and Carroll Bancorp, Inc., a Maryland corporation and a bank holding company (“Company”) and Russell J. Grimes, a resident of the State of Maryland (“Employee”).
EMPLOYMENT AGREEMENTEmployment Agreement • March 11th, 2011 • Carroll Bancorp, Inc. • Maryland
THIS EMPLOYMENT AGREEMENT is made as of the 10 day of November, 2008, between Sykesville Federal Savings Association (“Employer”), a federally-chartered savings and loan association and Russell J. Grimes, a resident of the State of Maryland (“Employee”).
CARROLL COMMUNITY BANK CHANGE IN CONTROL AGREEMENTChange in Control Agreement • March 11th, 2011 • Carroll Bancorp, Inc. • Maryland
THIS CHANGE IN CONTROL AGREEMENT (“Agreement”) is entered into as of , 2011, by and between Carroll Community Bank, a Maryland commercial bank (the “Bank”), (“Executive”) and Carroll Bancorp, Inc., a Maryland corporation (the “Company”).
Washington Real Estate Investment Trust SHOPPING CENTER LEASE BY AND BETWEEN Washington Real Estate Investment Trust as Landlord and Sykesville Federal Savings Association as TenantCarroll Bancorp, Inc. • March 11th, 2011 • Washington
THIS AGREEMENT OF LEASE is made this 6 day of April, 2010 by and between Washington Real Estate Investment Trust, (“Landlord”), and Sykesville Federal Savings Association (“Tenant”).
