UNITED STATES DEPARTMENT OF THE TREASURYSecurities Purchase Agreement • September 20th, 2012 • BNC Bancorp • National commercial banks
Reference is made to that certain letter agreement incorporating the Securities Purchase Agreement – Standard Terms (the “Securities Purchase Agreement”), dated as of December 5, 2008, between the United States Department of the Treasury (the “Investor”) and the company set forth on Schedule A hereto (the “Company”). Further reference is made to that certain underwriting agreement (the “Underwriting Agreement”), dated as of August 23, 2012, pursuant to which the Investor sold its Preferred Share investment in the Company (the “Preferred Share Resale”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Securities Purchase Agreement.
