Rights Offer AgreementRights Offer Agreement • November 4th, 2011 • T Bancshares, Inc. • National commercial banks • New York
This letter agreement (this “Agreement”) by and between D.F. King & Co., Inc., a Delaware corporation (“King”), and T Bancshares, Inc., a Texas corporation (the “Company”), sets forth the terms and conditions of the engagement of King by the Company, in connection with the proposed offer (the “Rights Offer”) by the Company to issue shares of the Company’s common stock (the “Shares”) to the holders thereof (the “Holders”). This Agreement shall commence on the date hereof and shall terminate on the completion, expiration or termination of the Rights Offering (the “Term”). Capitalized terms used herein and not defined shall have the definitions ascribed to such terms in the prospectus to be filed with the Commission (as defined below) in connection with the Rights Offer.
