UNITED BANCORP, INC. (a Michigan corporation) 20,600 Shares of Fixed Rate Cumulative Preferred Stock, Series A UNDERWRITING AGREEMENTUnderwriting Agreement • June 19th, 2012 • United Bancorp Inc /Mi/ • State commercial banks • New York
Merrill Lynch, Pierce, Fenner & Smith Incorporated Sandler O'Neill & Partners, L.P. as Representatives of the several Underwriters c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park New York, New York 10036 and Sandler O'Neill & Partners, L.P. 1251 Avenue of the Americas, 6th Floor New York, New York 10020
June 13, 2012 United States Department of the Treasury 1500 Pennsylvania Avenue, NW Washington, D.C. 20220 Ladies and Gentlemen:Securities Purchase Agreement • June 19th, 2012 • United Bancorp Inc /Mi/ • State commercial banks • New York
Reference is made to that certain Letter Agreement incorporating the Securities Purchase Agreement - Standard Terms (the "Securities Purchase Agreement") between the United States Department of the Treasury ("Treasury") and United Bancorp, Inc. (the "Company"). Pursuant to the Securities Purchase Agreement, at the Closing, the Company issued to Treasury shares of its preferred stock (the "Preferred Shares") and a warrant to purchase its common stock (the "Warrant"). This letter agreement is being delivered in connection with the sale by Treasury of the Preferred Shares (the "Sale").
