Common use of Subscriptions for Shares Clause in Contracts

Subscriptions for Shares. a. Subscription agreements for shares of Company’s stock will be completed and submitted to Impound Agent in triplicate, along with checks and other payment orders or wire transfer for the amount of the subscriptions. Checks and other payment orders shall be made payable to “Pacific Coast Bankers Bank for Manhattan Bancorp Impound Account.” Company will inform Impound Agent of its intent to accept or reject subscriptions or to accept a subscription in part. If any subscriptions are rejected or accepted only in part Impound Agent will refund the rejected amount, including any interest actually earned thereon, to the Subscriber. Upon the closing of the Offering, Impound Agent will return one copy of the subscription agreement to the Subscriber, return one copy to Company, and retain one copy for Impound Agent’s records. b. In the event that the Company engages one or more members of the National Association of Securities Dealers (each a “Member”) to participate in the effort to sell the shares of the Company’s stock, checks from Subscribers shall be transmitted to the Impound Agent by noon of the next business day after receipt by the Member.

Subscriptions for Shares. a. Subscription agreements for shares of Company’s stock will be completed and submitted to Impound Agent in triplicate, along with checks and other payment orders or wire transfer for the amount of the subscriptions. Checks and other payment orders shall be made payable to “Pacific Coast Bankers Bank for Manhattan Mission Community Bancorp Impound Account.” Company will inform Impound Agent of its intent to accept or reject subscriptions or to accept a subscription in part. If any subscriptions are rejected or accepted only in part Impound Agent will refund the rejected amount, including any interest actually earned thereon, to the Subscriber. Upon the closing of the Offering, Impound Agent will return one copy of the subscription agreement to the Subscriber, return one copy to Company, and retain one copy for Impound Agent’s records. b. In the event that the Company engages one or more members of the National Association of Securities Dealers (each a “Member”) to participate in the effort to sell the shares of the Company’s stock, checks from Subscribers shall be transmitted to the Impound Agent by noon of the next business day after receipt by the Member.