Common Contracts

December , 2008

Compensation Agreement • December 23rd, 2008 • Union Bankshares Corp • State commercial banks

• Contract Type
  Compensation Agreement
• Filed
  December 23rd, 2008
• Company
  Union Bankshares Corp
• Industry
  State commercial banks

Union Bankshares Corporation (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”), with the United States Department of the Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.