VOTING AGREEMENTVoting Agreement • July 29th, 2021 • Finward Bancorp • Savings institution, federally chartered • Indiana
Each of the undersigned, being all of the directors and an executive officer of ROYAL FINANCIAL, INC. (“RYFL”) solely in their capacity as stockholders and having, in the case of the RYFL directors, voted for the approval and adoption by RYFL of that certain Agreement and Plan of Merger (“Merger Agreement”) among RYFL and FINWARD BANCORP (“FNWD”), whereby FNWD will acquire all of the outstanding capital stock of RYFL in exchange for cash consideration and shares of FNWD common stock, no par value per share (the “Holding Company Merger”), in consideration of the benefits to be derived from the consummation of such merger and in consideration of the mutual agreements made in the Merger Agreement and herein, and in order to induce FNWD to execute and deliver the Merger Agreement to RYFL and to proceed with the consummation of the Holding Company Merger and to incur the expenses required in connection therewith, hereby irrevocably covenants and agrees with one another and with each of the
AGREEMENT AND PLAN OF MERGER BY AND AMONG FINWARD BANCORP AND ROYAL FINANCIAL, INC. DATED AS OF JULY 28, 2021Merger Agreement • July 29th, 2021 • Finward Bancorp • Savings institution, federally chartered • Indiana
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is dated to be effective as of the 28th day of July, 2021, by and between FINWARD BANCORP, an Indiana corporation (“FNWD”), and ROYAL FINANCIAL, INC., a Delaware corporation (“RYFL”).
