MAINSTREET FINANCIAL COROPRATION (a Federal Corporation) Up to 432,400 Shares (Subject to Increase Up to 497,260 Shares) COMMON STOCK ($0.01 Par Value) Subscription Price $10.00 Per Share AGENCY AGREEMENTMainstreet Financial Coropration • November 3rd, 2006 • Mainstreet Financial Corp • Savings institution, federally chartered • New York
MainStreet Financial Corporation, a federal corporation (the "Holding Company"), MainStreet Savings MHC, a federal mutual holding company (the "MHC") and MainStreet Savings Bank, FSB, a federally chartered stock savings bank (the "Bank") (collectively, the "Primary Parties") hereby confirm jointly and severally, their agreement with Ryan Beck & Co., Inc. ("Agent"), as follows:
IBSM LETTERHEAD] October 31, 2006Mainstreet Financial Corp • November 3rd, 2006 • Savings institution, federally chartered
This letter (the "Letter Agreement") pertains to the credit facility outstanding from the Bank to MainStreet Financial Corporation (the "Borrower") pursuant to a certain Business Loan Agreement, Promissory Note, Pledge Agreement and Irrevocable Proxy, and other related documents and agreements dated June 30, 2005 by and between the parties (collectively, the "Loan Documents"), which facility involves a line of credit in the principal amount of $2,000,000, all of which has been advanced to the Borrower in accordance with the terms of said facility (the "Loan").
