Common use of Prospectus; Offering Clause in Contracts

Prospectus; Offering. The Shares are to be initially offered in the Offering at the Purchase Price as defined and set forth on the cover page of the Prospectus. The Purchase Price may be changed by the Company after consultation with the Agent, subject to such approval of the OBRE and FDIC and declaration of effectiveness of an amendment to the Prospectus by the Commission as may be required. The parties hereto hereby acknowledge that, without the prior written consent of the OBRE and FDIC, the Conversion will not be consummated until the Company has received subscriptions for at least the minimum range of the pro forma market value of the Company.

Prospectus; Offering. The Shares are to be initially offered in the Offering at the Purchase Price as defined and set forth on the cover page of the Prospectus. The Purchase Price may be changed by the Company after consultation with the Agent, subject to such approval of the OBRE TSLD and FDIC and declaration of effectiveness of an amendment to the Prospectus by the Commission as may be required. The parties hereto hereby acknowledge that, without the prior written consent of the OBRE TSLD and FDIC, the Conversion will not be consummated until the Company has received subscriptions for at least the minimum range of the pro forma market value of the Company.