FORM OF ESOP LOAN AGREEMENTEsop Loan Agreement • September 9th, 2011 • Polonia Bancorp Inc • Pennsylvania
THIS LOAN AGREEMENT (“Loan Agreement”) is made and entered into as of the [#] day of [month, year], by and between the POLONIA BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (“Borrower”), a trust forming part of the Polonia Bank Employee Stock Ownership Plan (“ESOP”); and POLONIA BANCORP, INC. (“Lender”), a corporation organized and existing under the laws of Maryland.
