Common use of Covenants of the Agent Clause in Contracts

Covenants of the Agent. The Agent hereby covenants with the Company, the MHC and the Bank as follows: (a) During the period when the Prospectus is used, the Agent will comply, in all material respects and at its own expense, with all requirements imposed upon it by the OTS and, to the extent applicable, by the 1933 Act and the 1934 Act and the rules and regulations promulgated thereunder. (b) The Agent shall return unused prospectuses, if any, to the Company promptly upon the completion of the Conversion. (c) The Agent will distribute the Prospectuses or offering materials in connection with the sales of the common stock only in accordance with OTS regulations, the 1933 Act and the rules and regulations promulgated thereunder. (d) The Agent shall assist the Bank in maintaining arrangements for the deposit of funds and the making of refunds, as appropriate (as described in Section 5.1(r)), and shall perform the allocation of shares in the event of an oversubscription, in conformance with the Plan and applicable regulations and based upon information furnished to the Agent by the Bank (as described in Section 5.1(v)).

Covenants of the Agent. The Agent hereby covenants with the Company, the MHC and the Bank Primary Parties as follows: (a) During the period when the Prospectus is used, the Agent will comply, in all material respects and at its own expense, with all requirements imposed upon it by the OTS and, to the extent applicable, by the 1933 Act and the 1934 Act and the rules and regulations promulgated thereunder. (b) The Agent shall return unused prospectuses, if any, to the Company promptly upon the completion of the Conversion. (c) The Agent will distribute the Prospectuses or offering materials in connection with the sales of the common stock only in accordance with OTS regulations, the 1933 Act and the rules and regulations promulgated thereunder. (d) The Agent shall assist the Bank in maintaining arrangements for the deposit of funds and the making of refunds, as appropriate (as described in Section 5.1(r)), and shall perform the allocation of shares in the event of an oversubscription, in conformance with the Plan and applicable regulations and based upon information furnished to the Agent by the Bank (as described in Section 5.1(v)).

Covenants of the Agent. The Agent hereby covenants with ---------------------- the Company, the MHC and the Bank as follows: (a) During the period when the Prospectus is used, the Agent will comply, in all material respects and at its own expense, with all requirements imposed upon it by the OTS and, to the extent applicable, by the 1933 Act and the 1934 Act and the rules and regulations promulgated thereunder. (b) The Agent shall return unused prospectuses, if any, to the Company promptly upon the completion of the Conversion. (c) The Agent will distribute the Prospectuses or offering materials in connection with the sales of the common stock only in accordance with OTS regulations, the 1933 Act and the rules and regulations promulgated thereunder. (d) The Agent shall assist the Bank in maintaining arrangements for the deposit of funds and the making of refunds, as appropriate (as described in Section 5.1(r)), and shall perform the allocation of shares in the event of an oversubscription, in conformance with the Plan and applicable regulations and based upon information furnished to the Agent by the Bank (as described in Section 5.1(v)).