Standard Contracts
December 15, 2008 [Name] [Address] Dear __________________:Compensation Agreement • December 22nd, 2008 • Bancorp Rhode Island Inc • National commercial banks
Bancorp Rhode Island, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”) on December 19, 2008 (the “Closing Date”), with the United States Department of 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.
