STANDSTILL AGREEMENTStandstill Agreement • April 12th, 2017 • Delanco Bancorp, Inc. • Savings institution, federally chartered • New Jersey
THIS STANDSTILL AGREEMENT (the “Agreement”), dated this 11th day of April 2017, is by and among Delanco Bancorp, Inc. (the “Company”), Stilwell Activist Fund, L.P. (“Activist Fund”), Stilwell Activist Investments, L.P. (“Activist Investments”), Stilwell Partners, L.P. (“Stilwell Partners”), Stilwell Value LLC (“Stilwell Value”), and Joseph Stilwell, an individual (collectively, with Activist Fund, Activist Investments, Stilwell Partners, and Stilwell Value, the “Stilwell Group,” and each individually, a “Stilwell Group Member”), and Corissa J. Briglia, an individual (the “Nominee”).
