Common use of Purchase and Sale of the Securities Clause in Contracts

Purchase and Sale of the Securities. Subject to the terms and conditions herein set forth and in reliance upon the representations and warranties contained herein, (a) the Company agrees to sell to the Underwriter, and the Underwriter agrees to purchase from the Company, at a purchase price per share of $9.47, the Firm Securities; and (b) in the event and to the extent that the Underwriter shall exercise the election to purchase Optional Securities as provided below, the Company agrees to sell to the Underwriter and the Underwriter agrees to purchase from the Company, at the purchase price per share of $9.47, that number of Optional Securities as to which such election shall have been exercised. The Company grants the Underwriter the right to purchase, at its election up to 177,000 Optional Securities, at the purchase price per share of $9.47, for the sole purpose of covering over-allotments in the sale of the Firm Securities. Any such election to purchase the Optional Securities may be exercised no more than once by written notice from the Underwriter to the Company, given within a period of 30 days after the date of this Agreement, setting forth the aggregate amount of the Optional Securities to be purchased by the Underwriter, and the date on which such Optional Securities are to be delivered, as determined by the Underwriter but in no event earlier than the First Delivery Date (as defined in Section 4 hereof) or, unless the Underwriter and the Company otherwise agree in writing, earlier than two or later than seven business days after the date of such notice.

Purchase and Sale of the Securities. Subject to the terms and conditions herein set forth and in reliance upon the representations and warranties contained hereinforth, (a) the Company agrees to sell to the Underwriter, and the Underwriter agrees to purchase from the Company, at a purchase price per share of $9.47_____, the Firm Securities; Securities and (b) in the event and to the extent that the Underwriter shall exercise the its election to purchase the Optional Securities as provided below, the Company agrees to sell to the Underwriter Underwriter, and the Underwriter agrees to purchase from the Company, at the purchase price per share set forth in clause (a) of $9.47this Section 2, that number portion of the Optional Securities as to which such election shall have been exercised. The Company grants the Underwriter the right to purchase, purchase at its election up to 177,000 108,750 Optional Securities, at the purchase price per share of $9.47set forth in the preceding paragraph, for the sole purpose of covering over-allotments overallotments in the sale of the Firm Securities. Any such election to purchase the Optional Securities may be exercised no more than once by written notice from the Underwriter you to the Company, given within a period of 30 days after the date of this Agreement, setting forth the aggregate amount of the Optional Securities to be purchased by the Underwriter, and the date on which such Optional Securities are to be delivered, as determined by the Underwriter you but in no event earlier than the First Delivery Date (as defined in Section 4 hereof) or, unless the Underwriter and the Company you otherwise agree in writing, earlier than two or later than seven business days after the date of such notice.

Purchase and Sale of the Securities. Subject to the terms and conditions herein set forth and in reliance upon the representations and warranties contained herein, (a) the Company agrees to sell to the Underwriter, and the Underwriter agrees to purchase from the Company, at a purchase price per share of $9.47__.____, the Firm Securities; and (b) in the event and to the extent that the Underwriter shall exercise the election to purchase Optional Securities as provided below, the Company agrees to sell to the Underwriter and the Underwriter agrees to purchase from the Company, at the same purchase price per share set forth in clause (a) of $9.47this Section 2, that number of Optional Securities as to which such election shall have been exercised. The Company grants the Underwriter the right to purchase, at its election up to 177,000 [75,000] Optional Securities, at the purchase price per share of $9.47set forth in the preceding paragraph, for the sole purpose of covering over-allotments overallotments in the sale of the Firm Securities. Any such election to purchase the Optional Securities may be exercised no more than once by written notice from the Underwriter you to the Company, given within a period of 30 days after the date of this Agreement, setting forth the aggregate amount of the Optional Securities to be purchased by the Underwriter, and the date on which such Optional Securities are to be delivered, as determined by the Underwriter you but in no event earlier than the First Delivery Date (as defined in Section 4 hereof) or, unless the Underwriter and the Company you otherwise agree in writing, earlier than two or later than seven business days after the date of such notice.

Purchase and Sale of the Securities. Subject to the terms and conditions herein set forth and in reliance upon the representations and warranties contained hereinforth, (a) the Company agrees to issue and sell to the Underwriter, and the Underwriter agrees to purchase from the Company, at a purchase price per share of $9.4710.105, the Firm Securities; , provided, however, that the purchase price per shares will be $10.374 per share for up to 225,000 shares of Common Stock included in the Firm Securities which shares may be purchased by directors, executive officers and any holder of 10% or more of the outstanding shares of Common Stock (a “Substantial Shareholder”) of the Company and the Bank solely at any office of the Underwriter and (b) in the event and to the extent that the Underwriter shall exercise the its election to purchase Optional Securities as provided below, the Company agrees to issue and sell to the Underwriter Underwriter, and the Underwriter agrees to purchase from the Company, at the purchase price per share set forth in clause (a) of $9.47this Section 2 for persons other than directors, executive officers and Substantial Shareholders, that portion of the number of Optional Securities as to which such election shall have been exercised. The Subject to the terms and conditions herein set forth, the Company hereby grants to the Underwriter the right to purchase, purchase at its their election up to 177,000 208,598 Optional Securities, at the purchase price per share set forth in clause (a) of $9.47the paragraph above for persons other than directors, executive officers and Substantial Shareholders, for the sole purpose of covering over-allotments sales of shares in the sale excess of the number of Firm Securities. Any such election to purchase the Optional Securities may be exercised no more than once only by written notice from the Underwriter to the Company, given within a period of 30 calendar days after the date of this Agreement, setting forth the aggregate amount number of Optional Securities to be purchased, the number of Optional Securities to be purchased by the Underwriter, Underwriter and the date on which such Optional Securities are to be delivered, as determined by the Underwriter but in no event earlier than the First Delivery Date (as defined in Section 4 hereof) or, unless the Underwriter and the Company otherwise agree in writing, no earlier than two or later than seven ten business days after the date of such notice.

Purchase and Sale of the Securities. Subject to the terms and conditions herein set forth and in reliance upon the representations and warranties contained hereinforth, (a) the Company agrees to issue and sell to the Underwriter, and the Underwriter agrees to purchase from the Company, at a purchase price per share of $9.4723.50, the Firm Securities; , provided, however, that the purchase price per shares will be $24.125 per share for up to 50,000 shares of the Securities included in the Firm Securities which shares may be purchased by directors and executive officers of the Company solely at any office of the Underwriter and (b) in the event and to the extent that the Underwriter shall exercise the its election to purchase Optional Securities as provided below, the Company agrees to issue and sell to the Underwriter Underwriter, and the Underwriter agrees to purchase from the Company, at the purchase price per share set forth in clause (a) of $9.47this Section 2 for persons other than directors and executive officers, that portion of the number of Optional Securities as to which such election shall have been exercised. The Subject to the terms and conditions herein set forth, the Company hereby grants to the Underwriter the right to purchase, purchase at its election up to 177,000 97,500 Optional Securities, at the purchase price per share set forth in clause (a) of $9.47the paragraph above for persons other than directors and executive officers of the Company, for the sole purpose of covering over-allotments sales of shares in the sale excess of the number of Firm Securities. Any such election to purchase the Optional Securities may be exercised no more than once only by written notice from the Underwriter to the Company, given within a period of 30 calendar days after the date of this Agreement, setting forth the aggregate amount number of Optional Securities to be purchased, the number of Optional Securities to be purchased by the Underwriter, Underwriter and the date on which such Optional Securities are to be delivered, as determined by the Underwriter but in no event earlier than the First Delivery Date (as defined in Section 4 hereof) or, unless the Underwriter and the Company otherwise agree in writing, no earlier than two or later than seven ten business days after the date of such notice.

Purchase and Sale of the Securities. Subject to the terms and conditions herein set forth and in reliance upon the representations and warranties contained hereinforth, (a) the Company agrees to issue and sell to the Underwriter, and the Underwriter agrees to purchase from the Company, at a purchase price per share of $9.4723.50, the Firm Securities; , provided, however, that the purchase price per shares will be $24.125 per share for up to 50,000 shares of the Securities included in the Firm Securities which shares may be purchased by directors and executive officers of the Company solely at any office of the Underwriter and (b) in the event and to the extent that the Underwriter shall exercise the its election to purchase Optional Securities as provided below, the Company agrees to issue and sell to the Underwriter Underwriter, and the Underwriter agrees to purchase from the Company, at the purchase price per share set forth in clause (a) of $9.47this Section 2 for persons other than directors and executive officers, that portion of the number of Optional Securities as to which such election shall have been exercised. The Subject to the terms and conditions herein set forth, the Company hereby grants to the Underwriter the right to purchase, purchase at its election up to 177,000 100,000 Optional Securities, at the purchase price per share set forth in clause (a) of $9.47the paragraph above for persons other than directors and executive officers of the Company, for the sole purpose of covering over-allotments sales of shares in the sale excess of the number of Firm Securities. Any such election to purchase the Optional Securities may be exercised no more than once only by written notice from the Underwriter to the Company, given within a period of 30 calendar days after the date of this Agreement, setting forth the aggregate amount number of Optional Securities to be purchased, the number of Optional Securities to be purchased by the Underwriter, Underwriter and the date on which such Optional Securities are to be delivered, as determined by the Underwriter but in no event earlier than the First Delivery Date (as defined in Section 4 hereof) or, unless the Underwriter and the Company otherwise agree in writing, no earlier than two or later than seven ten business days after the date of such notice.

Purchase and Sale of the Securities. Subject to the terms and conditions herein set forth and in reliance upon the representations and warranties contained herein, (a) the Company agrees to sell to the Underwriter, and the Underwriter agrees to purchase from the Company, at a purchase price per share of $9.47_____, the Firm Securities; and (b) in the event and to the extent that the Underwriter shall exercise the election to purchase Optional Securities as provided below, the Company agrees to sell to the Underwriter and the Underwriter agrees to purchase from the Company, at the same purchase price per share set forth in clause (a) of $9.47this Section 2, that number of Optional Securities as to which such election shall have been exercised. The Company grants the Underwriter the right to purchase, at its election up to 177,000 _______ Optional Securities, at the purchase price per share of $9.47set forth in the preceding paragraph, for the sole purpose of covering over-allotments overallotments in the sale of the Firm Securities. Any such election to purchase the Optional Securities may be exercised no more than once by written notice from the Underwriter you to the Company, given within a period of 30 days after the date of this Agreement, setting forth the aggregate amount of the Optional Securities to be purchased by the Underwriter, and the date on which such Optional Securities are to be delivered, as determined by the Underwriter you but in no event earlier than the First Delivery Date (as defined in Section 4 hereof) or, unless the Underwriter and the Company you otherwise agree in writing, earlier than two or later than seven business days after the date of such notice.