AGREEMENT AND PLAN OF MERGER DATED AS OF AUGUST 5, 2014 BY AND AMONG INDEPENDENT BANK CORP., ROCKLAND TRUST COMPANY, PEOPLES FEDERAL BANCSHARES, INC., AND PEOPLES FEDERAL SAVINGS BANKMerger Agreement • August 12th, 2014 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered • Massachusetts
This AGREEMENT AND PLAN OF MERGER (this “Agreement”) is dated as of August 5, 2014, by and among Independent Bank Corp. (“Buyer”), Rockland Trust Company, a wholly owned subsidiary of Buyer (“Buyer Bank”), Peoples Federal Bancshares, Inc. (“Company”), and Peoples Federal Savings Bank, a wholly owned subsidiary of Company (“Company Bank”). Capitalized terms used in this Agreement are defined to have the meaning set forth in Article VIII.
CONSULTING AND NON-COMPETITION AGREEMENT PartiesConsulting and Non-Competition Agreement • August 12th, 2014 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered • Massachusetts
This Consulting and Non-Competition Agreement (the “Agreement”) is by and between Rockland Trust Company, a Massachusetts-chartered trust company of 288 Union Street, Rockland, Massachusetts 02370 (the “Company”), and Maurice H. Sullivan, Jr. (the “Consultant”).
SETTLEMENT AGREEMENTSettlement Agreement • August 12th, 2014 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered • Massachusetts
This Settlement Agreement (the “Agreement”) is entered into as of August 5, 2014 by and among Christopher Lake (“Executive”), Independent Bank Corp., a Massachusetts corporation, and Rockland Trust Company, a wholly owned subsidiary of Independent Bank Corp. (collectively, “Buyer”), Peoples Federal Bancshares, Inc., a Maryland corporation (“Seller”) and Peoples Federal Savings Bank, a wholly owned subsidiary of the Seller (“Seller Bank”).
VOTING AGREEMENTVoting Agreement • August 12th, 2014 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered • Massachusetts
THIS VOTING AGREEMENT (this “Agreement”) is dated as of August 5, 2014, by and between the undersigned holder (“Shareholder”) of Company Common Stock, par value $.01 per share, of Peoples Federal Bancshares, Inc., a Maryland corporation (“Company”), and Independent Bank Corp., a Massachusetts corporation (“Buyer”). All capitalized terms used but not defined herein shall have the meanings assigned to them in the Merger Agreement (defined below).
