Maximum of 1,150,891 Shares HOWARD BANCORP, INC. AGENCY AGREEMENTAgency Agreement • May 2nd, 2012 • Howard Bancorp Inc • State commercial banks • Maryland
Howard Bancorp, Inc., a Maryland corporation (the “Company”), and Howard Bank, a Maryland trust company operating as a commercial bank (the “Bank”), confirm their agreement with Griffin Financial Group, LLC (the “Agent”) with respect to the offer and sale by the Company of up to 1,150,891 common shares, $0.01 par value per share (the “Shares”).
SUBSCRIPTION RIGHTS TO PURCHASE SHARES OF COMMON STOCK OFFERED PURSUANT TO SUBSCRIPTION RIGHTS DISTRIBUTED TO STOCKHOLDERS OF HOWARD BANCORP, INC. THE SUBSCRIPTION RIGHTS ARE EXERCISABLE UNTIL 5:00 P.M., EASTERN TIME,Subscription Rights Agreement • May 2nd, 2012 • Howard Bancorp Inc • State commercial banks
This letter is being distributed by Howard Bancorp, Inc. (“Howard Bancorp”) to all holders of record of shares of its common stock, par value $0.01 per share (the “Common Stock”), at 5:00 p.m., Eastern Time, on February 27, 2012 (the “Record Date”), in connection with a distribution in a rights offering (the “Rights Offering”) of non-transferable subscription rights (the “Subscription Rights”) to subscribe for and purchase shares of Common Stock. The Rights and Common Stock are described in the Howard Bancorp prospectus dated _______ __, 2012 (the “Prospectus”).
