United States Department of the Treasury 1500 Pennsylvania Avenue, NW Washington, D.C. 20220 February 20, 2009Royal Bancshares of Pennsylvania Inc • February 26th, 2009 • State commercial banks
Reference is made to that certain Letter Agreement incorporating the Securities Purchase Agreement — Standard Terms dated of as of the date of this letter agreement (the “Securities Purchase Agreement”) between United States Department of Treasury (“Investor”) and the company named on the signature page hereto (the “Company”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Securities Purchase Agreement.
