Common use of SHARES WILL BE RESTRICTED SECURITIES Clause in Contracts

SHARES WILL BE RESTRICTED SECURITIES. The Holder understands that the shares of Company common stock to be issued pursuant to the Exchange will be "restricted securities" within the meaning of the Act and are subject to resale restrictions. The Holder understands that such shares may not be sold or transferred unless registered under the Act, or sold or transferred pursuant to an applicable exemption from registration under the Act.

Appears in 4 contracts

Samples: Voting And (Macatawa Bank Corp), Voting And (Macatawa Bank Corp), Voting And (Macatawa Bank Corp)

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