Cancellation Direction and Release Sample Contracts

CANCELLATION DIRECTION AND RELEASE
Cancellation Direction and Release • July 8th, 2010 • Independent Bank Corp /Mi/ • State commercial banks • Michigan

THIS CANCELLATION DIRECTION AND RELEASE, dated as of June 23, 2010 (this “Cancellation Direction”) is entered into by and among INDEPENDENT BANK CORPORATION, a Michigan corporation (“IBC”), IBC CAPITAL FINANCE II, a Delaware statutory trust (the “Trust”), and U.S. BANK NATIONAL ASSOCIATION (“U.S. Bank”), a national banking association, not in its individual capacity, but solely as Property Trustee and as Trustee, as applicable.

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