PURCHASE AND ASSUMPTION AGREEMENTPurchase and Assumption Agreement • June 11th, 2015 • First Marblehead Corp • Personal credit institutions • California
This PURCHASE AND ASSUMPTION AGREEMENT, dated as of and made effective on December 19, 2014, by and among BofI Federal Bank, a federal saving association, with its principal office located at 4350 La Jolla Village Drive, San Diego, California 92122 (“Purchaser”), Union Federal Savings Bank, a federal savings bank, with its principal office located at 1565 Mineral Spring Avenue, North Providence, Rhode Island 02904 (“Seller”), and, solely for purposes of Sections 7.7 and 7.11 and Articles 10, 11 and 12, The First Marblehead Corporation, a Delaware corporation, with its principal office located at 800 Boylston Street, 34th Floor, Boston, Massachusetts 02199 (“Guarantor”).
