AGREEMENT AND PLAN OF MERGER

COVENANTS OF SR BANCORP AND SOMERSET SAVINGS

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In the event that SR Bancorp or Somerset Bank determines that a condition to its obligation to complete the Merger or Conversion cannot be fulfilled and that it will not waive that condition, it will promptly notify Regal Bancorp.

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【参考訳】SR Bancorp または Somerset Bank が、本合併または本転換を完了する義務の条件を満たすことができず、その条件を放棄しないと判断した場合、SR Bancorp または Somerset Bank は速やかに Regal Bancorp に通知する。