Form of Consent Letter Agreement December 19, 2008Consent Letter Agreement • December 19th, 2008 • Monarch Financial Holdings, Inc. • State commercial banks
Monarch Financial Holdings, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Securities Purchase Agreement”), with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.
SENIOR EXECUTIVE OFFICER WAIVERSenior Executive Officer Waiver • December 19th, 2008 • Monarch Financial Holdings, Inc. • State commercial banks
Monarch Financial Holdings, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with the United States Department of the Treasury (the “Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.
