EX-10.6 Termination to the Asset Exchange Agreement entered into on February 5, 2009, between the Company and Aurora Bank FSB, dated July 20, 2009
EX-10.6 2 b78728exv10w6.htm EX-10.6 TERMINATION TO THE ASSET EXCHANGE AGREEMENT ENTERED INTO ON FEBRUARY 5, 2009, BETWEEN THE COMPANY AND AURORA BANK FSB, DATED JULY 20, 2009 exv10w6
Exhibit 10.6
TERMINATION
Reference is hereby made to that certain Asset Exchange Agreement, dated as of February 5, 2009 (the Asset Exchange Agreement), by and between Lehman Brothers Bank, FSB, a Federally chartered savings institution that has since changed its name to Aurora Bank FSB (Aurora), and Capital Crossing Preferred Corporation, a Massachusetts corporation (CCPC). Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Asset Exchange Agreement. Pursuant to Section 8.01(a) of the Asset Exchange Agreement, Aurora and CCPC hereby mutually consent and agree to the termination of the Asset Exchange Agreement effective immediately. Aurora and CCPC acknowledge that all rights and obligations of the Parties under the Asset Exchange Agreement have been terminated without any Liability of any Party to any other Party.
IN WITNESS WHEREOF, Aurora and CCPC have executed this Termination as of July 20, 2009.
AURORA BANK FSB | ||||
By: | /s/ Lloyd Winans | |||
Name: | Lloyd Winans | |||
Title: | Senior Vice President | |||
CAPITAL CROSSING PREFERRED CORPORATION | ||||
By: | /s/ Lana Harbor | |||
Name: | Lana Harbor | |||
Title: | President | |||