TERMINATION
Exhibit 10.6
TERMINATION
Reference is hereby made to that certain Asset Exchange Agreement, dated as of February 5,
2009 (the “Asset Exchange Agreement”), by and between Xxxxxx Brothers Bank, FSB, a
Federally chartered savings institution that has since changed its name to Aurora Bank FSB
(“Aurora”), and Capital Crossing Preferred Corporation, a Massachusetts corporation
(“CCPC”). Capitalized terms used and not otherwise defined herein shall have the meanings
set forth in the Asset Exchange Agreement. Pursuant to Section 8.01(a) of the Asset Exchange
Agreement, Aurora and CCPC hereby mutually consent and agree to the termination of the Asset
Exchange Agreement effective immediately. Aurora and CCPC acknowledge that all rights and
obligations of the Parties under the Asset Exchange Agreement have been terminated without any
Liability of any Party to any other Party.
IN WITNESS WHEREOF, Aurora and CCPC have executed this Termination as of July 20, 2009.
AURORA BANK FSB |
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By: | /s/ Xxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxxx | |||
Title: | Senior Vice President | |||
CAPITAL CROSSING PREFERRED CORPORATION |
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By: | /s/ Xxxx Harbor | |||
Name: | Xxxx Harbor | |||
Title: | President | |||