MONADNOCK BANCORP, INC. (a Maryland-chartered Stock Corporation) Up to 707,681 Shares (Subject to Increase Up to 813,833 Shares) COMMON STOCK ($0.01 Par Value) Subscription Price $8.00 Per Share AGENCY AGREEMENTAgency Agreement • April 28th, 2006 • Monadnock Community Bancorp Inc • Savings institution, federally chartered • New Jersey
Monadnock Community Bancorp, Inc., a federally-chartered stock corporation (the “Mid-Tier Holding Company”), Monadnock Bancorp, Inc., a newly formed Maryland corporation organized to be the successor to the Mid-Tier Holding Company (the “Holding Company”), Monadnock Mutual Holding Company, a federally-chartered mutual holding company that owns 54.7% of the outstanding common stock of the Mid-Tier Holding Company (the “MHC”), and Monadnock Community Bank, a federally-chartered stock savings bank (the “Bank”) whose outstanding common stock is owned in its entirety by the Mid-Tier Holding Company (collectively with the Holding Company, the MHC and the Bank, the “Monadnock Parties”), hereby confirm, jointly and severally, their agreement with Ryan Beck & Co., Inc. (the “Agent”), as follows:
