Citizens Independent Bancorp, Inc. Sample Contracts

CITIZENS INDEPENDENT BANCORP, INC. SUBSCRIPTION RIGHTS TO PURCHASE SHARES OF COMMON SHARES OFFERED PURSUANT TO SUBSCRIPTION RIGHTS DISTRIBUTED TO SHAREHOLDERS OF CITIZENS INDEPENDENT BANCORP, INC.
Citizens Independent Bancorp, Inc. • October 22nd, 2013 • State commercial banks

This letter is being distributed to securities dealers, commercial banks, trust companies and other nominees in connection with the rights offering (the “Rights Offering”) by Citizens Independent Bancorp, Inc. (the “Company”) of Common Shares (as such term is defined below), pursuant to non-transferable subscription rights (the “Rights”) distributed to all holders (the “Recordholders”) of common shares of the Company, without par value per share (the “Common Shares”), at 5:00 p.m., Eastern Time, on ____________ , 2013 (the “Record Date”). The Rights and Common Shares are described in the offering prospectus dated ____________, 2013 (the “Prospectus”).

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EMPLOYMENT AGREEMENT
Employment Agreement • January 25th, 2016 • Citizens Independent Bancorp, Inc. • State commercial banks • Ohio

This EMPLOYMENT AGREEMENT (this “Employment Agreement”) is made and entered into as of October 27, 2015, by and among The Citizens Bank of Logan (the “Bank”), Citizens Independent Bancorp, Inc. (“Citizens”) (the Bank and Citizens shall be collectively referred to herein as “Company”) and Daniel Charles Fischer (“Executive”).

THE CITIZENS BANK OF LOGAN MANAGEMENT EMPLOYMENT AGREEMENT
Management Employment Agreement • September 5th, 2013 • Citizens Independent Bancorp, Inc. • Ohio

This is an Agreement by and between The Citizens Bank of Loan, and Ohio corporation with its principal place of business located at 188 West Main Street, P.O. Box 591, Logan, Ohio 43138 (“the Citizens Bank”) and John Demmler, and individual with a mailing address at 13476 St Rt 664 South, Logan, Ohio 43138 (“Employee”).

CITIZENS INDEPENDENT BANCORP, INC. SUBSCRIPTION RIGHTS TO PURCHASE COMMON SHARES OFFERED PURSUANT TO SUBSCRIPTION RIGHTS DISTRIBUTED TO SHAREHOLDERS OF CITIZENS INDEPENDENT BANCORP, INC.
Citizens Independent Bancorp, Inc. • October 22nd, 2013 • State commercial banks

This letter is being distributed by Citizens Independent Bancorp, Inc. (the “Company”) to all holders (the “Recordholders”) of common shares of the Company, without par value per share (the “Common Shares”), at 5:00 p.m., Eastern Time, on ______________ , 2013 (the “Record Date”), in connection with the rights offering (the “Rights Offering”) of non-transferable subscription rights (the “Rights”) to purchase Common Shares. The Rights and Common Shares are described in the offering prospectus dated ____________ , 2013 (the “Prospectus”).

SUBSCRIPTION/ESCROW AGENT AGREEMENT
Subscription/Escrow Agent Agreement • October 22nd, 2013 • Citizens Independent Bancorp, Inc. • State commercial banks • New Jersey

THIS SUBSCRIPTION/ESCROW AGENT AGREEMENT ("Agreement") between Citizens Independent Bancorp, Inc. (the "Company"), and Registrar and Transfer Company, a New Jersey corporation (the "Agent"), is dated as of __________, 2013.

CHANGE OF CONTROL AGREEMENT
Change of Control Agreement • January 25th, 2016 • Citizens Independent Bancorp, Inc. • State commercial banks • Ohio

THIS CHANGE OF CONTROL AGREEMENT (this “Agreement”) is entered into as of the 27 day of October, 2015, by and between The Citizens Bank of Logan, an Ohio chartered state bank located at 188 W. Main Street, Logan, Ohio 43138 (the “Bank”) and Daniel Charles Fischer, the CEO and President of the Bank (the “Executive”);

CONSULTING AGREEMENT
Consulting Agreement • September 5th, 2013 • Citizens Independent Bancorp, Inc. • Ohio

This Consulting Agreement is among The Citizens Bank of Logan, Ohio (“Bank”), Citizens Independent Bancorp, Inc. (“Citizens”) (collectively the Bank and Citizens are referred to hereinafter as “Company”) and Donald P. Wood, an individual (“Consultant”). Company and Consultant agree as follows:

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