January 15, 1997 Re: Mutual Termination of Second Amended and Restated Agreement and Plan of Merger Regent Bancshares Corp. Attention: John J. Lyons, President 1430 Walnut Street Philadelphia, PA 19103 Gentlemen: Carnegie Bancorp ("Carnegie") and...Mutual Termination Agreement • January 23rd, 1997 • Regent Bancshares Corp • National commercial banks
Carnegie Bancorp ("Carnegie") and Carnegie Bank, N.A. ("CBN") on the one hand, and Regent Bancshares Corp. ("Regent") and Regent National Bank (the "Bank") on the other, are parties to that certain Second Amended and Restated Agreement and Plan of Merger dated August 30, 1995 (the "Agreement"). Pursuant to Section 7.1(a) the Agreement, the parties hereby confirm their mutual agreement to terminate and do hereby terminate the Agreement and the transactions contemplated thereby. Pursuant to Section 7.2 of the Agreement, the parties acknowledge their continuing obligations under Section 5.5 of the Agreement.
