Common use of Make no election Clause in Contracts

Make no election. If you do not want to make a cash election or you want to receive Bankshares common stock in exchange for your shares of Community Bank common stock, you should not complete and return the Election Form and Letter of Transmittal and you will automatically be deemed to have made a "non-election". You will be mailed another Letter of Transmittal and instructions promptly after consummation of the merger. The documents necessary to complete an election are attached hereto and include:

Make no election. If you do not want to make a cash election or you want to receive Bankshares Bancorp common stock in exchange for your shares of Community Bank CNB common stock, subject to proration, you should not complete and return the Election Form and Letter of Transmittal and you will automatically be deemed to have made a "“non-election". .” You will be mailed another Letter of Transmittal and instructions promptly after consummation of the merger. The documents necessary to complete an election are attached hereto enclosed herewith and include:

Make no election. If you do not want to make a cash election or you want to receive Bankshares common stock in exchange for your shares of Community Bank Xxxxx Xxxxxx common stock, you should not complete and return the Election Form and Letter of Transmittal and you will automatically be deemed to have made a "non-election". Non-elections are subject to the proration provisions of the Merger Agreement. You will be mailed another Letter of Transmittal and instructions promptly after consummation of the merger. The documents necessary to complete an election are attached hereto and include: