NUMBER SHARES
100 150
"IT IS UNLAWFUL TO CONSUMMATE A SALE OR TRANSFER OF THIS SECURITY, OR
ANY INTEREST THEREIN, OR TO RECEIVE ANY CONSIDERATION THEREFOR, WITHOUT THE
PRIOR WRITTEN CONSENT OF THE COMMISSIONER OF CORPORATIONS OF THE STATE OF
CALIFORNIA, EXCEPT AS PERMITTED BY THE COMMISSIONER'S RULES. ADDITIONALLY, THIS
CERTIFICATE IS TRANSFERABLE ONLY UPON COMPLIANCE WITH PROVISIONS OF A
STOCKHOLDER AGREEMENT DATED NOVEMBER 12, 1996."
BSM BANCORP
Incorporated under the laws of the State of California
This certifies that William A. Hares is the record holder of fully paid
shares of the Common Stock, no par value of BSM Bancorp, hereinafter designated
"the Corporation", transferable on the books of the Corporation in person or by
duly authorized attorney upon surrender of this Certificate properly endorsed or
assigned. This Certificate is not valid until countersigned and registered by
the Transfer Agent and Registrar.
Witness the seal of the Corporation and the signatures of its duly
authorized officers.
Dated: November 12, 1996
[Seal]
/s/ William L. Snelling /s/ William A. Hares
- ------------------------------- --------------------------------
William L. Snelling William A. Hares,
Secretary President
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A statement of all of the powers, designations, preferences, rights and
restrictions granted to or imposed upon the respective classes and/or series of
shares of stock of the corporation and upon the holders thereof may be obtained
by any shareholder upon request and without charge, at the principal office of
the corporation, and the corporation will furnish any shareholder, upon request
and without charge, a copy of such statement.
This Certificate and the shares represented hereby shall be held subject to
all of the provisions of the Certificate of Incorporation and the Bylaws of the
Corporation, and any amendments thereto, a copy of each of which is on file at
the office of the Corporation, and made a part hereof as fully as though the
provisions of said Certificate of Incorporation and Bylaws, and any amendments
thereto, were imprinted in full on this Certificate, to all of which the holder
of this Certificate, by acceptance hereof, assents and agrees to be bound.
The following abbreviations, when used in the inscription on the face of
this Certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT-______ Custodian _______
(Cust) (Minor)
TEN ENT - as tenants by the entireties
Under Uniform Gifts to Minors Act__________
(State)
JT TEN - as joint tenants with right
of survivorship and not as
tenants in common
Additional abbreviations may also be used though not in the above list.
ASSIGNMENT
FOR VALUE received _______________________________________________ hereby
sell, assign and transfer unto
PLEASE INSERT SOCIAL SECURITY OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE
______________________________
________________________________________________________________________________
(NAME AND ADDRESS OF ASSIGNEE SHOULD BE PRINTED OR TYPEWRITTEN)
_____________________________________________________
_____________________________________________________
_____________________________________________________ SHARES to transfer the
said stock on the books of the within-named Corporation, with full power of
substitution in the premises.
Dated: ____________________________
________________________________________
Signature
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