Notice of Termination of Letter Agreement between Community Shores Bank Corporation and Thornapple River Capital - Financial Services Industry Fund LLC
Thornapple River Capital - Financial Services Industry Fund LLC is notifying Community Shores Bank Corporation that their letter agreement dated October 1, 2015, is being terminated. The termination is due to the Rights Offering, as defined in the agreement, not closing by December 31, 2015. This notice is provided according to Section 15 of the original agreement. The letter is addressed to Community Shores Bank Corporation and their legal counsel, Dickinson Wright PLLC.
Exhibit 10.4
 | 877 ###-###-#### www.thornapplecap.com
2693 Thornapple River Dr Grand Rapids, Mi 49546 |
January 8, 2016
Via Email ***@*** and ***@***)
| Community Shores Bank Corporation 1030 W. Norton Avenue Muskegon, MI 49441 Attn: Heather Brolick, President & CEO | Dickinson Wright PLLC 350 S. Main Street, Suite 300 Ann Arbor, MI 48116 Attn: Bradley Wyatt, Esq. |
Heather and Brad:
This letter constitutes notice of termination of that certain letter agreement between Community Shores Bank Corporation and Thornapple River Capital - Financial Services Industry Fund LLC dated October 1, 2015. This letter is provided pursuant to Section 15 of such letter agreement in light of the fact that the closing of the Rights Offering (as defined in such letter agreement) did not occur by December 31, 2015.
Sincerely,
Thornapple River Capital - Financial Services Industry Fund LLC
/s/ Brandon Kanitz
Brandon Kanitz
Manager of Thornapple River Capital, LLC
