ContractLetter Agreement Amending Employment Agreements • June 1st, 2009 • Community Bank Shares of Indiana Inc • State commercial banks
Community Bank Shares of Indiana, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Purchase Agreement”) with the United States Department of Treasury (the “Treasury”) that provides, among other things, for the Treasury’s purchase of Company securities. This purchase is anticipated to occur as part of the Company’s participation in the Treasury’s Troubled Asset Relief Program (“TARP”) - Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in TARP, this letter shall be of no further force and effect.
