JANNEY MONTGOMERY SCOTT LLCCape Bancorp, Inc. • November 8th, 2007 • State commercial banks
Boardwalk Bancorp, Inc. (“Boardwalk”) and Cape Savings Bank (“Cape Savings”) have entered into an Agreement and Plan of Reorganization (“Merger Agreement”) providing for the merger of Boardwalk with and into Cape Savings. The proposed merger consideration is outlined in the Merger Agreement dated July 26, 2007. You have requested our opinion, as of the date hereof, whether the aggregate merger consideration pursuant to the Merger Agreement is fair, from a financial point of view, to the shareholders of Boardwalk.
CAPE SAVINGS BANK FORM OF AMENDED AND RESTATED PHANTOM RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • November 8th, 2007 • Cape Bancorp, Inc. • State commercial banks • New Jersey
THIS AGREEMENT, originally entered into on the ___ day of __________, ________, by and between CAPE SAVINGS BANK, a State/Mutual Savings Bank located in Cape May Court House, New Jersey (the “Company”), and ______________ (the “Executive”) and amended on _________ __, ____ and _________ __, ____, is hereby amended and restated on this ________ day of __________________, _____, and shall be effective as of January 1, 2005.
CAPE SAVINGS BANK FORM OF AMENDED AND RESTATED PHANTOM INCENTIVE STOCK OPTION AGREEMENTAgreement • November 8th, 2007 • Cape Bancorp, Inc. • State commercial banks • New Jersey
THIS AGREEMENT, originally entered into on the ____ day of ________, ____, by and between CAPE SAVINGS BANK, a State/Mutual Savings Bank located in Cape May Court House, New Jersey (the “Company”), and ______________ (the “Executive”), and amended on _______ __, ____, and ____ __, ____, is hereby amended and restated on this ________ day of __________________, ______, and shall be effective as of January 1, 2005.
