May 12, 2015 Board of Trustees Provident Bancorp Boards of Directors Provident Bancorp, Inc. The Provident Bank Five Market Street Amesbury, MA 01913Marketing Agent Engagement Letter • May 12th, 2015 • Provident Bancorp, Inc. • Savings institution, federally chartered
Reference is made to the letter agreement dated November 4, 2014 between Sandler O’Neill & Partners, L.P (“Sandler O’Neill”) and Provident Bancorp (the “MHC”), Provident Bancorp, Inc. (the “Bancorp”) and The Provident Bank (the “Bank”, and collectively with the MHC and the Bancorp, the “Company”), pursuant to which Sandler O’Neill agreed to act as exclusive marketing agent for the Company in connection with the offer and sale of certain shares of the common stock of the Bancorp (the “Marketing Agent Engagement Letter”).
