UNITED BANCORP, INC. (a Michigan corporation) 20,600 Shares of Fixed Rate Cumulative Preferred Stock, Series A UNDERWRITING AGREEMENTUnderwriting Agreement • May 14th, 2012 • United Bancorp Inc /Mi/ • State commercial banks • New York
United Bancorp, Inc., a Michigan corporation (the "Company"), United Bank & Trust, a Michigan banking corporation (the "Bank") and the United States Department of the Treasury (the "Selling Shareholder") each confirms its agreement with • and • (collectively, the "Underwriters," which term shall also include any underwriter substituted as hereinafter provided in Section 11 hereof), for whom • and • are acting as Representatives (in such capacity, the "Representatives"), with respect to the sale by the Selling Shareholder and the purchase by the Underwriters, acting severally and not jointly, of the respective numbers of shares of Fixed Rate Cumulative Preferred Stock, Series A, Liquidation Amount $1,000 per share, of the Company (the "Preferred Stock") set forth in Schedule A hereto. The aforesaid 20,600 shares of Preferred Stock to be purchased by the Underwriters are referred to herein, collectively, as the "Securities."
