Carroll Bancorp, Inc. – Carroll Bancorp, Inc. SUBSCRIPTION RIGHTS TO PURCHASE UNITS CONSISTING OF SHARES OF COMMON STOCK AND WARRANTS OFFERED PURSUANT TO SUBSCRIPTION RIGHTS DISTRIBUTED TO STOCKHOLDERS OF CARROLL BANCORP, INC. THE SUBSCRIPTION RIGHTS ARE EXERCISABLE UNTIL 5:00 P.M., EASTERN TIME, ON , UNLESS EXTENDED (December 24th, 2013)
This letter is being distributed by Carroll Bancorp, Inc. (Carroll Bancorp) to all holders of record of shares of its common stock, par value $0.01 per share (the Common Stock), at 5:00 p.m., Eastern Time, on  (the Record Date), in connection with a distribution in a rights offering (the Rights Offering) of non-transferable subscription rights (the Subscription Rights) to subscribe for the purchase of Units. The Subscription Rights and the Units are described in the Carroll Bancorp prospectus dated  (the Prospectus).
Carroll Bancorp, Inc. – Confidential (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.