Common use of Antitakeover Provisions Inapplicable; Required Vote Clause in Contracts

Antitakeover Provisions Inapplicable; Required Vote. The transactions contemplated by this Agreement are not subject to the requirements of any “moratorium,” “control share,” “fair price,” “affiliate transactions,” “business combination” or other antitakeover laws and regulations of any state, including the provisions of Section 203 of the DGCL applicable to PFS or any PFS Subsidiary. The affirmative vote of a majority of the issued and outstanding shares of PFS Common Stock is required to approve this Agreement and the Merger under PFS’s certificate of incorporation (and no greater voting requirement is applicable by reason of Article EIGHTH of the Certificate of Incorporation) and the DGCL.

Antitakeover Provisions Inapplicable; Required Vote. The transactions contemplated by this Agreement are not subject to the requirements of any “"moratorium,” “" "control share,” “" "fair price,” “" "affiliate transactions,” “" "business combination” " or other antitakeover laws and regulations of any state, including the provisions of Section 203 of the DGCL applicable to PFS ALFC or any PFS ALFC Subsidiary. The affirmative vote of a majority of the issued and outstanding shares of PFS ALFC Common Stock is required to approve this Agreement and the Merger under PFS’s ALFC's certificate of incorporation (and no greater voting requirement is applicable by reason of Article EIGHTH FOURTH of the Certificate of Incorporation) and the DGCL.

Antitakeover Provisions Inapplicable; Required Vote. The transactions contemplated by this Agreement are not subject to the requirements of any “moratorium,” “control share,” “fair price,” “affiliate transactions,” “business combination” or other antitakeover laws and regulations of any state, including the provisions of Section 203 of the DGCL applicable to PFS ALFC or any PFS ALFC Subsidiary. The affirmative vote of a majority of the issued and outstanding shares of PFS ALFC Common Stock is required to approve this Agreement and the Merger under PFSALFC’s certificate of incorporation (and no greater voting requirement is applicable by reason of Article EIGHTH FOURTH of the Certificate of Incorporation) and the DGCL.