Common use of NEW BANK COMMON STOCK Clause in Contracts

NEW BANK COMMON STOCK. On the Effective Date, the shares of New Bank Common Stock issued and outstanding immediately prior to the Effective Date shall be converted automatically and without any action on the part of the holders thereof into 20,000 shares of common stock, par value $5.00 per share, of the Resulting Bank. The shares of common stock of the Resulting Bank into which such New Bank Common Stock are converted shall represent ownership of 100% of the issued and outstanding capital stock of the Resulting Bank, all of which shall be owned by NVBancorp.

NEW BANK COMMON STOCK. On the Effective Date, the shares of New Bank Common Stock issued and outstanding immediately prior to the Effective Date shall be converted automatically and without any action on the part of the holders holder thereof into 20,000 shares of common stock, par value $5.00 per share, stock of the Resulting First Surviving Bank. The shares of common stock of the Resulting First Surviving Bank into which such New Bank Common Stock are converted shall represent ownership of 100% of the issued and outstanding capital stock of the Resulting First Surviving Bank, all of which shall be owned by NVBancorpBancshares.

NEW BANK COMMON STOCK. On the Effective Date, the shares of New Bank Common Stock issued and outstanding immediately prior to the Effective Date shall be converted automatically and without any action on the part of the holders holder thereof into 20,000 38,962 shares of common stock, par value $5.00 per share, stock of the Resulting Surviving Bank. The shares of common stock of the Resulting Surviving Bank into which such New Bank Common Stock are converted shall represent ownership of 100% of the issued and outstanding capital stock of the Resulting Surviving Bank, all of which shall be owned by NVBancorpBancshares.

NEW BANK COMMON STOCK. On the Effective Date, the shares of New Bank Common Stock issued and outstanding immediately prior to the Effective Date shall be converted automatically and without any action on the part of the holders thereof into 20,000 ______ shares of common stock, par value $5.00 per share, stock of the Resulting Surviving Bank. The shares of common stock of the Resulting Surviving Bank into which such New Bank Common Stock are converted shall represent ownership of 100% of the issued and outstanding capital stock of the Resulting Surviving Bank, all of which shall be owned by NVBancorp.