CHANGE OF CONTROL AGREEMENTChange of Control Agreement • March 7th, 2007 • Bancorp of New Jersey, Inc. • New Jersey
THIS CHANGE OF CONTROL AGREEMENT (the “Agreement”), is made on this 23rd day of June, 2006, by and between The Bank of New Jersey (the “Bank”) and Leo J. Faresich (the “Employee”).
March 6, 2007 Bank of New Jersey 204 Main Street Fort Lee, NJ 07024 Ladies and Gentlemen:Bancorp of New Jersey, Inc. • March 7th, 2007
Pursuant to the Plan of Acquisition, dated December 1, 2006 (the “Plan”), by and between Bancorp of New Jersey, Inc., a New Jersey corporation (“Acquirer”), and Bank of New Jersey, a New Jersey commercial bank (“Target”), shares of stock in Target will be exchanged for shares of stock in Acquirer and Target will become a direct, wholly-owned subsidiary of Acquirer in a reorganization under N.J.S.A. 17:9A-355 et. seq. (the “Reorganization”).
STOCK OPTION AGREEMENT UNDER THE BANK OF NEW JERSEY 2006 STOCK OPTION PLANStock Option Agreement • March 7th, 2007 • Bancorp of New Jersey, Inc. • New Jersey
WHEREAS, the Company maintains the Bank of New Jersey 2006 Stock Option Plan (the “Plan”) for the benefit of the key employees, directors and advisors of the Company and its Affiliates; and
