Document:

Exhibit
4.1

 

 

THE BANK OF NEW YORK MELLON

NEW YORK’S FIRST BANK-FOUNDED 1784 BY ALEXANDER HAMILTON

 

 

2 HANSON PLACE, 12TH FLOOR, BROOKLYN,
N.Y. 11217

 

 

 

September 12, 2012

 

Hennion & Walsh, Inc.

2001 Route 46, Waterview Plaza

Parsippany, New Jersey 07054

 

Smart Trust, New Jersey Municipal Portfolio
of Closed-End Funds Trust, Series 1

Dear Sirs:

The Bank of New York
Mellon is acting as trustee for Smart Trust, New Jersey Municipal Portfolio of Closed-End Funds Trust, Series 1 set forth above
(the “Trust”). We enclosed a list of the Securities to be deposited in the Trust on the date hereof. The prices
indicated therein reflect our evaluation of such Securities as of close of business on September 12, 2012, in accordance with the
valuation method set forth in the Trust Indenture and Agreement. We consent to the reference to The Bank of New York Mellon as
the party performing the evaluations of the Trust Securities in the Registration Statement (No. 333-183454) filed with the Securities
and Exchange Commission with respect to the registration of the sale of the Trust Units and to the filing of this consent as an
exhibit thereto.

 

	Very truly yours,
	 
	/s/GERARDO CIPRIANO
	Vice PresidentExhibit
4.3

 

Consent of Independent Registered
Public Accounting Firm

We consent to the
reference made to our firm under the caption “Independent Registered Public Accounting Firm” in Part B of the Prospectus
and to the use of our report dated September 12, 2012, in this Registration Statement (Form S-6 No. 333-183454) of Smart Trust,
New Jersey Municipal Portfolio of Closed-End Funds Trust, Series 1.

 

/s/ Grant
Thornton LLP

Grant
Thornton LLP

Chicago, Illinois

September 12, 2012icb_8k0912ex101.htm

Exhibit 10.1

United States Department of the Treasury

1500 Pennsylvania Avenue, NW

Washington, D.C. 20220

 

September 12, 2012

 

 

Ladies and Gentlemen:

 

Reference is made to that certain Letter Agreement incorporating the Securities Purchase Agreement – Standard Terms (the “Securities Purchase Agreement”), dated as of the date set forth on Schedule A hereto, between the United States Department of the Treasury (the “Investor”) and the company set forth on Schedule A hereto (the “Company”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Securities Purchase Agreement.  Pursuant to the Securities Purchase Agreement, at the Closing, the Company issued to the Investor the number of shares of the series of its preferred stock set forth on Schedule A hereto (the “Preferred Shares”) and a warrant to purchase the number of shares of its common stock set forth on Schedule A hereto (the “Warrant”).

 

In connection with the consummation of the repurchase (the “Repurchase”) by the Company from the Investor, on the date hereof, of the number of Preferred Shares listed on Schedule A hereto (the “Repurchased Preferred Shares”), as permitted by the Emergency Economic Stabilization Act of 2008, as amended by the American Recovery and Reinvestment Act of 2009:

 

(a) The Company hereby acknowledges receipt from the Investor of the share certificate set forth on Schedule A hereto representing the Preferred Shares; and 

 

(b) The Investor hereby acknowledges receipt from the Company of a wire transfer to the account of the Investor set forth on Schedule A hereto in immediately available funds of the aggregate purchase price set forth on Schedule A hereto, representing payment in full for the Repurchased Preferred Shares at a price per share equal to the Liquidation Amount per share, together with any accrued and unpaid dividends to, but excluding, the date hereof. 

 

The Investor and the Company hereby agree that, notwithstanding Section 4.4 of the Securities Purchase Agreement, immediately following consummation of the Repurchase, but subject to compliance with applicable securities laws, the Investor shall be permitted to Transfer all or a portion of the Warrant with respect to, and/or exercise the Warrant for, all or a portion of the number of shares of Common Stock issuable thereunder, at any time and without limitation, and Section 4.4 of the Securities Purchase Agreement shall be deemed to be amended in order to permit the foregoing.  The Company shall take all steps as may be reasonably requested by the Investor to facilitate any such Transfer.

 

In accordance with Section 4.9(b) of the Securities Purchase Agreement (the “Warrant Repurchase Notice”), the Company has delivered to the Investor a notice of intent to repurchase the Warrant.  In the event that the Company and the Investor fail to agree on the Fair Market Value of the Warrant pursuant to the procedures (including the Appraisal Procedure), and in accordance with the time periods, set forth in Section 4.9(c) of the Securities Purchase Agreement or the Company revokes the delivery of such Warrant Repurchase Notice, then the Investor hereby provides notice of its intention to sell the Warrant.

 

 

 

  

  

  

 

This letter agreement will be governed by and construed in accordance with the federal law of the United States if and to the extent such law is applicable, and otherwise in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such State.

 

This letter agreement may be executed in any number of separate counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts will together constitute the same agreement.  Executed signature pages to this letter agreement may be delivered by facsimile and such facsimiles will be deemed sufficient as if actual signature pages had been delivered.

 

[Remainder of this page intentionally left blank]

 

  

  

  

In witness whereof, the parties have duly executed this letter agreement as of the date first written above.

 

 

	  	
UNITED STATES DEPARTMENT OF THE TREASURY

	  	  	  
	  	  	  
	  	
By:

	/s/ Timothy G. Massad
	  	  	
Name:  Timothy G. Massad

	  	  	
Title:  Assistant Secretary for Financial Stability

	  	  	  
	 	 
	  	
COMPANY: INDIANA COMMUNITY BANCORP

	  	  	  
	  	  	  
	  	
By:

	/s/ John K. Keach
	  	  	
Name: John K. Keach

	  	  	
Title:   President and CEO

	  	  	  

  

  

  

SCHEDULE A

 

General Information:

	 	
Date of Letter Agreement incorporating the Securities Purchase Agreement:

	
December 12, 2008

	 	
Name of the Company:

	
Indiana Community Bancorp

	 	
Corporate or other organizational form of the Company:

	
Corporation

	 	
Jurisdiction of organization of the Company:

	
State of Indiana

	 	
Number and series of preferred stock issued to the Investor at the Closing:

	
21,500 Fixed Rate Cumulative Perpetual Preferred Stock, Series A

	 	
Number of Initial Warrant Shares:

	
188,707

 

Terms of the Repurchase:

	 	
Number of Preferred Shares repurchased by the Company:

	
21,500

	 	
Share certificate number (representing the Preferred Shares previously issued to the Investor at the Closing):

	
Certificate Number A

	 	
Per share Liquidation Amount of Preferred Shares:

	
$1,000

	 	
Accrued and unpaid dividends on Preferred Shares:

	
$80,625.00

	 	
Aggregate purchase price for Repurchased Preferred Shares:

	
$21,580,625.00

 

 

	
Investor wire information for payment of purchase price:

	
ABA Number: 021000018

Bank: The Bank of New York Mellon

Account Name: BETA EESA Preferred Account

Account Number: GLA/111567icb_8k0912ex102.htm

Exhibit 10.2

UNITED STATES DEPARTMENT OF THE TREASURY

1500 Pennsylvania Avenue, NW

Washington, D.C. 20220

 

 

September 12, 2012

 

Ladies and Gentlemen:

 

Reference is made to that certain letter agreement (the “Repurchase Letter Agreement”), dated as of the date set forth on Schedule A hereto, between the United States Department of the Treasury (the “Investor”) and the company set forth on Schedule A hereto (the “Company”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Repurchase Letter Agreement.

 

As documented by the Repurchase Letter Agreement, the Company has completed the repurchase from the Investor of all of the Preferred Shares issued to the Investor pursuant to the Securities Purchase Agreement. In addition, the Company delivered a Warrant Repurchase Notice dated as of the date set forth on Schedule A hereto to the Investor. In connection with the consummation, on the date hereof, of the repurchase of the Warrant by the Company from the Investor, as contemplated by the Warrant Repurchase Notice and Section 4.9 of the Securities Purchase Agreement:

 

(a) The Company hereby acknowledges receipt from the Investor of the Warrant; and

 

(b) The Investor hereby acknowledges receipt from the Company of a wire transfer to the account of the Investor set forth on Schedule A hereto in immediately available funds of the aggregate purchase price set forth on Schedule A hereto, representing payment in full for the Warrant, determined in accordance with Section 4.9 of the Securities Purchase Agreement.

 

This letter agreement will be governed by and construed in accordance with the federal law of the United States if and to the extent such law is applicable, and otherwise in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such State.

 

This letter agreement may be executed in any number of separate counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts will together constitute the same agreement. Executed signature pages to this letter agreement may be delivered by facsimile and such facsimiles will be deemed sufficient as if actual signature pages had been delivered.

 

  

  

  

IN WITNESS WHEREOF, the parties have duly executed this letter agreement as of the date first written above.

 

 

	  	
UNITED STATES DEPARTMENT OF THE TREASURY

	  	  	  
	  	  	  
	  	
By:

	/s/ Timothy G. Massad
	  	  	
Name:  Timothy G. Massad

	  	  	
Title:  Assistant Secretary for Financial Stability

	  	  	  
	 	 
	  	
COMPANY: INDIANA COMMUNITY BANCORP

	  	  	  
	  	  	  
	  	
By:

	/s/ John K. Keach
	  	  	
Name: John K. Keach

	  	  	
Title:   President and CEO

	  	  	  

  

  

  

SCHEDULE A

 

	
Company Information:

	  	  	  
	  	
Name of the Company:

	
Indiana Community Bancorp

	  	
Corporate or other organizational form of the Company:

	
Corporation

	  	
Jurisdiction of organization of the Company:

	
State of Indiana

	 	 	 
	
Information related to the Preferred Share Repurchase:

	  	  	  
	  	
Date of Repurchase Letter Agreement for the repurchase of 21,500 of the Preferred Shares:

	
September 12, 2012

	 	 	 
	
Terms of the Warrant Repurchase:

	  	  	  
	  	
Date of Warrant Repurchase Notice:

	
September 7, 2012

	  	
Aggregate purchase price for the Warrant:

	
$1,800,000.00

 

	
Investor wire information for payment of purchase price for the Warrant:

	
ABA Number: 021000018

Bank: The Bank of New York Mellon

Account Name: BETA EESA Preferred Account

Account Number: GLA/111567

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