Exhibit 99.8
FORM OF BENEFICIAL OWNER ELECTION FORM
The undersigned acknowledge(s) receipt of your letter and the enclosed materials relating to the grant of non-transferable subscription rights(“Subscription Rights”) to purchase shares of common stock, $0.01 par value per share(“Common Stock”), of Howard Bancorp, Inc. (the “Company”), including the Company’s prospectus dated ____________, 2012 (the “Prospectus”).
I (we) instruct you as follows:
(CHECK THE APPLICABLE BOXES AND PROVIDE ALL REQUIRED INFORMATION.)
Box 1:o Please DO NOT EXERCISE SUBSCRIPTION RIGHTS for shares of Common Stock.
Box 2:o Please EXERCISE SUBSCRIPTION RIGHTS for shares of Common Stock as set forth below:
Number of Shares Being Purchased (the sum of A and C below): | |
Total Exercise Price Payment Required (the sum of B and D below): |
Basic Subscription Right
I wish to exercise my full Basic Subscription Right or a portion thereof as follows:
__________ | X | $____ | = | $_________ | ||||
No. of shares of Common Stock subscribed for under your Basic Subscription Right (A) | (Subscription price) | Payment due under Basic Subscription Right (B) |
Over-Subscription Privilege
I have exercised my Basic Subscription Right in full and in addition to my Basic Subscription Right I wish to subscribe for additional shares of Common Stock under my Over-Subscription Privilege as follows:
__________ | X | $____ | = | $_________ | ||||
No. of shares of Common Stock subscribed for under your Over-Subscription Privilege* (C) | (Subscription price) | Payment due under Over-Subscription Privilege (D) |
* The maximum number of shares that you may subscribe for under your Over-Subscription Privilege is equal to ___________ shares less the number of shares you subscribed for under your full Basic Subscription Privilege, subject to the limitations described in the Prospectus.
Box 3:o Payment in the following amount is enclosed or has been/will be wired in accordance with the instructions set forth in the Prospectus: |
$ |
(The total of the above Box 3 must equal the Total Exercise Price Payment Required.)
I (we) on my (our) own behalf, or on behalf of any person(s) on whose behalf, or under whose directions, I am (we are) signing this form:
· | irrevocably elect to purchase the number of shares of Common Stock indicated above upon the terms and conditions specified in the Prospectus; and |
· | agree that if I (we) fail to pay for the shares of Common Stock I (we) have elected to purchase, you may exercise any remedies available to you under law. |
Name(s) of Beneficial Owner(s) | |||
Signature(s) of Beneficial Owners | |||
Date |
If you are signing in your capacity as a trustee, executor, administrator, guardian, attorney-in-fact, agent, officer of a corporation or another acting in a fiduciary or representative capacity, your signature must be Medallion Signature Guaranteed. Additionally, please provide the following information:
Name: ________________________________________________________________________________
Capacity (full title): ______________________________________________________________________
Address (including Zip Code): _____________________________________________________________
Telephone Number: _____________________________________________________________________