SETTLEMENT AGREEMENTSettlement Agreement • November 20th, 2006 • Federal Trust Corp • Savings institution, federally chartered
THIS SETTLEMENT AGREEMENT is entered into this 14th of November 2006, by Keefe Managers, LLC (“Keefe”), John J. Lyons (“Lyons”) and Robert B. Goldstein (“Goldstein”), and Federal Trust Corporation (“Federal Trust”), James V. Suskiewich (“Suskiewich”) and Gregory E. Smith (“Smith”), to settle all controversies between them related to Federal Trust’s proxy solicitation and election of directors in connection with the Annual Meeting of Shareholders held on or about May 26, 2006 (the “Disputed Proxy Solicitation”). The following recitals are material components of this Settlement Agreement between the parties:
