Up to 12,650,000 Shares William Penn Bancorporation (a Maryland corporation) Common Stock (par value $0.01 per share) AGENCY AGREEMENT January 15, 2021Agency Agreement • January 22nd, 2021 • William Penn Bancorporation • Savings institutions, not federally chartered • New York
The undersigned also agrees and consents to the entry of stop transfer instructions with the Company’s and the Mid-Tier Company’s transfer agent and registrar against the transfer of the undersigned’s Stock or Mid-Tier Stock, to the extent applicable, except in compliance with this Lock-Up Agreement. In furtherance of the foregoing, the Company and its transfer agent are hereby authorized to decline to make any transfer of securities if such transfer would constitute a violation or breach of this Lock-Up Agreement.
