SOUTHERN CONNECTICUT BANCORP, INC.
2001 Supplemental Warrant Plan
SOUTHERN CONNECTICUT BANCORP, Inc., a corporation organized and existing under the laws of
Connecticut ("Bancorp"), has adopted its 2001 Supplemental Warrant Plan (this "Plan") with the intention of
promoting the interests of Bancorp and the shareholders of Bancorp by recognizing the contributions made by the
directors of The Bank of Southern Connecticut (the "Bank") and by certain organizers of Bancorp and the Bank,
for the services they rendered in connection with the organization of Bancorp and the Bank.
I. PURPOSES OF THE PLAN
1.1. The Board of Directors had previously approved its 2001 Warrant Plan in order to recognize the
contributions made by the directors of Bancorp and the Bank for their services in organizing Bancorp and the
Bank, including significant amounts of time devoted to organizational activities without compensation, and services
relating to obtaining the capital for Bancorp and the Bank through the initial public offering by Bancorp (the
"Bancorp IPO") of shares of its Common Stock. The Board of Directors now recognizes that the services
provided and time devoted by directors of the Bank to the organization of the Bank and Bancorp were equal to
the services provided and time devoted by directors of Bancorp, and that directors of the Bank should receive
warrants on the same basis as directors of Bancorp. In addition, the Board of Directors desires to recognize the
services and contributions of certain other individuals, who were instrumental in the founding of Bancorp and the
Bank and who devoted significant amounts of time to organizational activities without compensation.
II. DEFINITIONS; RULES OF CONSTRUCTION
2.1. Definitions. The terms defined in this Article shall have the following meanings for purposes of this Plan:
(a) "Bancorp" shall mean Southern Connecticut Bancorp, Inc., a corporation organized and existing under the
laws of Connecticut.
(b) "Bank" shall mean The Bank of