H&A Letterhead]Discovery Bancorp • June 23rd, 2005 • National commercial banks • California
This letter confirms an agreement under which Hoefer & Arnett, Inc. (“Hoefer & Arnett”) shall serve as the exclusive financial advisor and placement agent for Discovery Bancorp (the “Company”) and shall assist the Company in formulating the Company’s ongoing strategic plan to include the Company’s potential sale of common equity securities in an offering, public or otherwise (the “Offering”), pursuant to the following terms and conditions:
