0001558370-21-002868 Sample Contracts

MACKINAC FINANCIAL CORPORATION FORM OF RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • March 12th, 2021 • Mackinac Financial Corp /Mi/ • State commercial banks • Michigan

Mackinac Financial Corporation, a Michigan corporation (the “Company”), as permitted by the Mackinac Financial Corporation 2012 Incentive Compensation Plan (the “Plan”), hereby grants to the individual named below (the “Participant”), a Restricted Stock Award (this “Award”) for the number of shares of the Company’s Common Stock set forth below (the “Restricted Stock”), subject to the terms and conditions of the Plan and this Restricted Stock Award Agreement (this “Agreement”).

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