COOPERATION AND SETTLEMENT AGREEMENTCooperation and Settlement Agreement • June 14th, 2024 • Ameriserv Financial Inc /Pa/ • National commercial banks • Pennsylvania
This Cooperation and Settlement Agreement (this “Agreement”), effective as of June 13, 2024 (the “Effective Date”), is entered into by and among AmeriServ Financial, Inc., a Pennsylvania corporation (“AmeriServ”), and Driver Opportunity Partners I LP (“Driver Partners”), a Delaware limited partnership, Driver Management Company LLC, and J. Abbott R. Cooper (each, a “Driver Party” and collectively, the “Driver Parties”). AmeriServ and the Driver Parties are collectively referred to herein as the “Parties,” and each of AmeriServ and the collective Driver Parties, a “Party.” Unless otherwise defined, capitalized terms shall have the meanings given to them in Section 17 herein.
STOCK PURCHASE AGREEMENTStock Purchase Agreement • June 14th, 2024 • Ameriserv Financial Inc /Pa/ • National commercial banks • Pennsylvania
THIS STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of June 13, 2024 (the “Effective Date”), is made by and between AmeriServ Financial, Inc., a Pennsylvania corporation (the “Buyer”), and Driver Opportunity Partners I LP, a Delaware limited partnership (the “Seller”). The Buyer and the Seller are sometimes each referred to herein as a “Party” and are sometimes collectively referred to herein as the “Parties”.
