Document:

exv10w2

 

Exhibit 10.2

 

April 14, 2006

 

Mr. Paul V. Cusick, Jr.

66 Edmunds Road

Wellesley, MA 02482

 

Dear Paul:

     This letter will serve to confirm our discussions and agreement regarding your future role
with the Company.

     You have indicated your desire to limit your business activities in anticipation of your full
retirement when you reach age 65. As you of course know, we will publicly announce a search for a
replacement Chief Financial Officer of the Company shortly. You will be deeply involved in that
search, and your efforts to assist that individual in getting oriented will obviously be critical.
It is expected that you will remain in full time employ of the Company until the successful
conclusion of the search and our hiring of a new CFO. You will enter into a Consultancy Agreement
with the Company which will begin when the new CFO is in place and continue until you reach age 65.
The terms of the Consultancy Agreement will include an annual consulting fee of $85,000 a year.
The Agreement will also provide for the continued availability of an office and executive
secretarial services and reimbursement of all business related expenses incurred by you during the
term of your consultancy. You will undertake confidentiality and noncompetition constraints in the
Agreement.

     The Company has benefited from your long and valuable service, and we look forward to
continuation of your valuable services in this new form.

	 	 	 	 	 
	 	Very truly yours,

CENTURY BANCORP, INC.

 	 
	 	/s/ Marshall M. Sloane
 	 
	 	Marshall M. Sloane, Chairman of the Board 	 
	 	 	 
	 

Accepted and Agreed:

	 	 	 	 	 
	 	 	 
	 	By:  	 /s/ Paul V. Cusick, Jr.
 	 
	 	 	Paul V. Cusick, Jr.Table of Contents
Exhibit
4.1

NUMBER
        U-UNITS

											
	SEE

REVERSE
 FOR
 CERTAIN
 DEFINITIONS		BANK STREET
TELECOM FUNDING
CORP.		 	 	 
	 		 		CUSIP
	

UNITS
CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANTS TO

PURCHASE ONE SHARE OF COMMON STOCK

	THIS
CERTIFIES THAT	 is the owner of Units.

Each Unit
("Unit") consists of one (1) share of common
stock, par value $.0001 per share ("Common
Stock"), of Bank Street Telecom Funding Corp., a Delaware
corporation (the "Company"), and one (1)
warrant (the "Warrant"). Each Warrant
entitles the holder thereof to purchase from the Company one (1) fully
paid and non-assessable share of Common Stock for $6.00 per share
(subject to adjustment). Each Warrant will become exercisable on the
later of the consummation by the Company of an acquisition through
merger, capital stock exchange, asset acquisition, stock purchase or
other business combination transaction of one or more operating
businesses in the communications industry that is its initial business
combination and which meets the size, timing and other criteria
outlined in the Company's registration statement on Form S-1
initially filed with the Securities and Exchange Commission on August
5, 2005 (File No.  333-127238), as amended or
                                , 2007, and
will expire at 5:00 p.m., New York City Time,
                                , 2010, or upon
earlier redemption. The Common Stock and Warrants comprising the Units
represented by this certificate are not transferable separately until
five business days following the earlier to occur of the expiration of
the over-allotment option of the underwriters in connection with the
Company's initial public offering
("IPO") or its exercise in full, subject to
the Company's having filed a Form 8-K with the Securities and
Exchange Commission containing an audited balance sheet reflecting the
Company's receipt of the gross proceeds of the IPO and issuing a
press release announcing when such separate trading will begin. The
terms of the Warrants are governed by a Warrant Agreement, dated as of
                                , 2006 between
the Company and Continental Stock Transfer & Trust Company, as
Warrant Agent, and are subject to the terms and provisions contained
therein, all of which terms and provisions the holder of this
certificate consents to by acceptance hereof. Copies of the Warrant
Agreement are on file at the office of the Warrant Agent at 17 Battery
Place, New York, New York 10004, and are available to any Warrant
holder on written request and without cost. This certificate is not
valid unless countersigned by the Transfer Agent and Registrar of the
Company.

Witness the facsimile seal of the Company and the
facsimile signature of its duly authorized
officers.

											
	By		Bank Street Telecom
Funding Corp.
 CORPORATE

SEAL		 	 	 
	By: __________________		2005
Delaware		By: __________________
	

Table of Contents
Bank Street Telecom Funding Corp.

The Company will furnish without charge to each stockholder who so
requests, a statement of the powers, designations, preferences and
relative, participating, optional or other special rights of each class
of stock or series thereof of the Company and the qualifications,
limitations, or restrictions of such preferences and/or rights.

The following abbreviations, when used in the inscription on the
face of this certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:

											
	TEN
COM –		as tenants in common		UNIF GIFT MIN ACT -
CUSTODIAN
	TEN ENT –		as
tenants by the entireties		(Cust)    
(Minor)
	JT TEN –		as joint tenants
with right of survivorship and not as		under Uniform Gifts to
Minors Act
	 		tenants in common		(State)        
	

Additional
Abbreviations may also be used though not in the above list.

For value received, hereby sell,
assign and transfer unto

PLEASE INSERT SOCIAL
SECURITY OR OTHER
IDENTIFYING NUMBER OF
ASSIGNEE

(PLEASE PRINT OR TYPEWRITE NAME
AND ADDRESS, INCLUDING ZIP CODE,
OF
ASSIGNEE)

                                                                                                                           &n
sp;                                    
Units represented by the within Certificate, and do hereby irrevocably
constitute and appoint                         
                                                                            
Attorney to transfer the said Units on the books of the within named
Company with full power of substitution in the premises.

Dated __________________________

		____________________________________________

			
		Notice: 	The
signature to this assignment must correspond with the name as written
upon the face of the certificate in every particular, without
alteration or enlargement or any change whatever.

Signature(s) Guaranteed:

__________________________________________________
THE
SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS
WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
PURSUANT TO S.E.C. RULE 17AD-15).Table of Contents
Exhibit
4.3

															
	NUMBER		(SEE
REVERSE SIDE FOR
LEGEND)		WARRANTS		 
	 		 		 		 
	-[SYMBOL]		THIS
WARRANT WILL BE VOID IF NOT
 EXERCISED PRIOR TO 5:00 P.M.
 NEW
YORK CITY TIME,                  , 2010,
 OR UPON
EARLIER
REDEMPTION		 		 
	 		 		 		 
	 		BANK
STREET TELECOM FUNDING
CORP.		 		 
	CUSIP		 		 		 
	 		WARRANT		 		 
	

THIS
CERTIFIES THAT, for value received

is the registered holder of a
Warrant or Warrants expiring at 5:00 p.m., New York City Time,
                     , 2010, or upon earlier redemption
(the "Warrant"), to purchase one fully paid
and non-assessable share of Common Stock, par value $.0001 per share
("Shares"), of Bank Street Telecom Funding
Corp., a Delaware corporation (the
"Company"), for each Warrant evidenced by
this Warrant Certificate. The Warrant entitles the holder thereof to
purchase from the Company, commencing on the later of the consummation
by the Company of an acquisition through merger, capital stock
exchange, asset acquisition, stock purchase or other business
combination transaction, or a combination of any of the foregoing, of
one or more operating businesses in the communications industry that is
its initial business combination and which meets the size, timing and
other criteria outlined in the Company's registration statement
on Form S-1 initially filed with the Securities and Exchange Commission
on August 5, 2005 (File No.  333-127238), as amended.
("Business Combination") or
             , 2007, such number of Shares of the Company
at the price of $6.00 per share, upon surrender of this Warrant
Certificate accompanied by the annexed duly executed subscription form
and payment of the Warrant Price at the office or agency of the Warrant
Agent,
                          (such
payment to be made by check made payable to the Warrant Agent), but
only subject to the conditions set forth herein and in the Warrant
Agreement between the Company and
                              (the
"Warrant Agreement"). The Warrant Agreement
provides that upon the occurrence of certain events the Warrant Price
and the number of Warrant Shares purchasable hereunder, set forth on
the face hereof, may, subject to certain conditions, be adjusted. The
term Warrant Price as used in this Warrant Certificate refers to the
price per Share at which Shares may be purchased at the time the
Warrant is exercised.

No fraction of a Share will be issued upon
any exercise of a Warrant. If the holder of a Warrant would be entitled
to receive a fraction of a Share upon any exercise of a Warrant, the
Company shall, upon such exercise, round up or down to the nearest
whole number the number of Shares to be issued to such holder.

Upon any exercise of the Warrant for less than the total number of
full Shares provided for herein, there shall be issued to the
registered holder hereof or his assignee a new Warrant Certificate
covering the number of Shares for which the Warrant has not been
exercised.

Warrant Certificates, when surrendered at the office
or agency of the Warrant Agent by the registered holder hereof in
person or by attorney duly authorized in writing, may be exchanged in
the manner and subject to the limitations provided in the Warrant
Agreement, but without payment of any service charge, for another
Warrant Certificate or Warrant Certificates of like tenor and
evidencing in the aggregate a like number of Warrants.

Upon due
presentment for registration of transfer of the Warrant Certificate at
the office or agency of the Warrant Agent, a new Warrant Certificate or
Warrant Certificates of like tenor and evidencing in the aggregate a
like number of Warrants shall be issued to the transferee in exchange
for this Warrant Certificate, subject to the limitations provided in
the Warrant Agreement, without charge except for any applicable tax or
other governmental charge.

Table of Contents
The Company and the Warrant Agent may deem
and treat the registered holder as the absolute owner of this Warrant
Certificate (notwithstanding any notation of ownership or other writing
hereon made by anyone), for the purpose of any exercise hereof, of any
distribution to the registered holder, and for all other purposes, and
neither the Company nor the Warrant Agent shall be affected by any
notice to the contrary.

This Warrant does not entitle the
registered holder to any of the rights of a stockholder of the
Company.

The Company reserves the right to redeem all (but not
part) of the then outstanding Warrants, with a notice of redemption in
writing to the holders of record of the Warrants then outstanding,
giving 30 days' notice of such redemption at any time after such
Warrants become exercisable if the last sale price of the Shares has
been at least $11.50 per share on each of 20 trading days within a 30
trading day period ending on the third business day prior to the date
on which notice of such redemption is given. The redemption price of
the Warrants is to be $.01 per Warrant. Any Warrant either not
exercised or tendered back to the Company by the end of the date
specified in the notice of redemption shall be canceled on the books of
the Company and have no further value except for the $.01 redemption
price.

							
	 		 
	 		 
	 		 
	Name:		Name:
	Title:		Title:
	

COUNTERSIGNED

_____________,

as Warrant Agent

	
		
	

Authorized
Officer

Table of Contents
SUBSCRIPTION FORM

To Be Executed by
the Registered Holder in Order to Exercise Warrants

The
undersigned Registered Holder irrevocably elects to exercise
_______________
Warrants represented by this Warrant Certificate, and to purchase the
shares of Common Stock issuable upon the exercise of such Warrants, and
requests that Certificates for such shares shall be issued in the name
of

	
		
	

(PLEASE
TYPE OR PRINT NAME AND ADDRESS)

	
		
	

	
		
	

	
		
	

(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)

and be delivered
to   ____________________________________________________________

(PLEASE PRINT OR
TYPE NAME AND ADDRESS)

	
		
	

and, if such number of
Warrants shall not be all the Warrants evidenced by this Warrant
Certificate, that a new Warrant Certificate for the balance of such
Warrants be registered in the name of, and delivered to, the Registered
Holder at the address stated below.

Dated:   ______________________

	
			
	

		(SIGNATURE)

	
			
	

		(ADDRESS)

	
			
	

	
			
	

		(TAX
IDENTIFICATION NUMBER)

Table of Contents
ASSIGNMENT

To Be Executed by the
Registered Holder in Order to Assign Warrants

For
Value Received,
___________________hereby
sell, assign, and transfer unto

	
		
	

(PLEASE TYPE OR PRINT NAME
AND ADDRESS)

	
		
	

	
		
	

(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)

and be delivered
to   ______________________________________________________________

(PLEASE PRINT OR TYPE NAME AND
ADDRESS)

_____________________________
of the Warrants represented by this Warrant Certificate, and hereby
irrevocably constitute and appoint
_______________________
Attorney to transfer this Warrant Certificate on the books of the
Company, with full power of substitution in the premises.

Dated:   ____________________________________        ____________________________________

		(SIGNATURE)

THE SIGNATURE TO THE
ASSIGNMENT OF THE SUBSCRIPTION FORM MUST CORRESPOND TO THE NAME WRITTEN
UPON THE FACE OF THIS WARRANT CERTIFICATE IN EVERY PARTICULAR, WITHOUT
ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE
GUARANTEED BY A COMMERCIAL BANK OR TRUST COMPANY OR A MEMBER FIRM OF
THE AMERICAN STOCK EXCHANGE, NEW YORK STOCK EXCHANGE, PACIFIC STOCK
EXCHANGE OR CHICAGO STOCK EXCHANGE.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]