January 24, 2006Engagement Agreement • March 17th, 2006 • Monadnock Community Bancorp Inc • Savings institution, federally chartered
This letter sets forth the agreement between Monadnock Community Bancorp, Inc. ("Bancorp"), the majority owned subsidiary of Monadnock Mutual Holding Company, Peterborough, New Hampshire (the "MHC"), and RP(R) Financial, LC. ("RP Financial"), whereby Bancorp has engaged RP Financial to prepare the written business plan document and three year financial projections reflecting the pro forma impact of the second step mutual-to-stock conversion of the MHC to a 100% publicly-held company and the post-conversion activities, organization and financial targets of Bancorp, and its wholly-owned subsidiary, Monadnock Community Bank. These services are described in greater detail below, and will be directed by the undersigned.
FINANCIAL INSTITUTION CONSULTANTS 555 METRO PLACE NORTH SUITE 524 DUBLIN, OHIO 43017 (614) 766-1426 (614) 766-1459 FAXConversion Valuation Agreement • March 17th, 2006 • Monadnock Community Bancorp Inc • Savings institution, federally chartered
The Boards of Directors Monadnock Community Bancorp, Inc., MHC Monadnock Community Bank One Jaffrey Road Peterborough, New Hampshire 03458
