EMPLOYMENT AGREEMENTEmployment Agreement • September 13th, 2021 • NSTS Bancorp, Inc. • Illinois
This Employment Agreement (“Agreement”) is made and entered into as of the _____ day of _______, 2021, by and among NSTS Bancorp, Inc., a Delaware corporation and sole shareholder of the Bank (“NSTS”), North Shore Trust and Savings, a federally chartered stock savings association (“Bank”) (NSTS and the Bank are sometimes referred to collectively as the “Employer”), and Stephen G. Lear (“Executive”), and shall become effective and binding as of the date set forth above.
north shore trust and savings Change In Control AgreementChange in Control Agreement • September 13th, 2021 • NSTS Bancorp, Inc.
THIS CHANGE IN CONTROL AGREEMENT (the “Agreement”) is entered into as of ________ __, 2021 (the “Effective Date”) by and between North Shore Trust and Savings, a federally chartered savings association (“Bank”) and the undersigned officer (the “Executive”);
September 16, 2019 North Shore Trust and Savings Waukegan, IL 60085Financial Advisory Agreement • September 13th, 2021 • NSTS Bancorp, Inc. • New York
This letter agreement (the “Agreement”) confirms the engagement of Keefe, Bruyette & Woods, Inc. (“KBW”) to act as the exclusive financial advisor to North Shore Trust and Savings, NSTS Financial Corporation and North Shore, MHC (collectively, the “Bank”) in connection with the proposed conversion of the Bank from the mutual holding company form of organization to the stock form of organization pursuant to the Bank’s proposed Plan of Conversion (the “Conversion”), including the offer and sale of certain shares of the common stock (the “Common Stock”) of a new holding company (the “Holding Company”) to be formed by the Bank to eligible customers in a subscription offering (the “Subscription Offering”), with any remaining shares offered to the general public in a community offering (the “Community Offering”) (a Subscription Offering, a Community Offering and any Syndicated Community Offering (as defined herein) are collectively referred to herein as the “Offerings”). In addition, KBW wil
July 14, 2021Appraisal Agreement • September 13th, 2021 • NSTS Bancorp, Inc.
This letter sets forth the Agreement (“Agreement”) between North Shore, MHC (the “Company”) and Feldman Financial Advisors, Inc. (“FFA”), whereby the Company has engaged FFA to provide an independent appraisal of the estimated aggregate pro forma market value (the “Valuation”) of the shares of common stock that are to be issued and sold by a newly formed stock holding company in connection with the conversion (“Conversion”) of the Company from the mutual holding company form of organization to the full stock form. The Company currently owns all of the capital stock of NSTS Financial Corporation (“NSTS”), a mid-tier stock holding company. NSTS owns all of the capital stock of North Shore Trust and Savings, a federally chartered stock savings bank.
