FORM OF ESOP LOAN AGREEMENTEsop Loan Agreement • June 6th, 2016 • Ottawa Bancorp Inc • Illinois
THIS LOAN AGREEMENT (“Loan Agreement”) is made and entered into as of , 2016, by and between COMMUNITY BANK OF PLEASANT HILL D/B/A FIRST TRUST OF MID AMERICA, AS THE TRUSTEE FOR THE OTTAWA SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN, AS AMENDED AND RESTATED, TRUST (“Borrower”), a trust forming part of the Ottawa Savings Bank Employee Stock Ownership Plan, as amended and restated (“ESOP”), and OTTAWA BANCORP, INC. (“Lender”), a corporation organized and existing under the laws of the State of Maryland.
