Common use of Manner of Converting Shares Clause in Contracts

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, and no consideration shall be issued in exchange therefor. (b) Upon and after the Effective Date, each issued and outstanding share of Nicolet National Bank common stock shall remain unchanged and shall continue to evidence the same number of shares of Nicolet National Bank common stock.

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors mBank common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor. (b) Upon and after the Effective Date, each issued and outstanding share of Nicolet National Bank common stock shall remain unchanged and shall continue to evidence the same number of shares of Nicolet National Bank common stock.

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors Choice common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor. (b) Upon and after the Effective Date, each issued and outstanding share of Nicolet National Bank common stock shall remain unchanged and shall continue to evidence the same number of shares of Nicolet National Bank common stock.

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors FNB common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor. (b) Upon and after the Effective Date, each issued and outstanding share of Nicolet National Bank common stock shall remain unchanged and shall continue to evidence the same number of shares of Nicolet National Bank common stock.. TABLE OF CONTENTS

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors Commerce common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor. (b) Upon and after the Effective Date, each issued and outstanding share of Nicolet National Bank common stock shall remain unchanged and shall continue to evidence the same number of shares of Nicolet National Bank common stock.

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors Charter Bank common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor. (b) Upon and after the Effective Date, each issued and outstanding share of Nicolet National Bank common stock shall remain unchanged and shall continue to evidence the same number of shares of Nicolet National Bank common stock.