PLACEMENT AGENCY AGREEMENTDelmar Bancorp • June 1st, 2021 • New York
Delaware chartered commercial bank (the "Bank"), and the United States Department of the Treasury (the "Selling Shareholder") each confirms its agreement (this "Agreement") with Stifel, Nicolaus & Company, Incorporated (the "Placement Agent") with respect to the direct sale by the Selling Shareholder to one or more Winning Bidders (as defined in Section 2(a) hereof) and the placement, as agent of the Selling Shareholder, by the Placement Agent of 9,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share, of the Company, and 450 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share, of the Company (collectively, the "Securities").
