Company: FMFG
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001437749-25-018314
Chunk: 15

Company: Farmers & Merchants Bancshares, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 15
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initi Trust Company, LLC, which also serves as our transfer agent and register. The Administrator keeps records, sends statements of account to participants and performs other duties relating to the Plan.

The Administrator will not be liable for any act done or any omission to act in good faith, including, without limitation, any claims of liability: (i) arising out of a failure to terminate a participant’s account upon the participant’s death prior to receipt of notice in writing of such death; or (ii) fluctuations in the market value of the common stock. The Administrator may not create a lien on any funds, securities or other property held under the Plan.

We cannot assure you that a participant will realize any profit in connection with shares of common stock purchased pursuant to the Plan or protect a participant against a loss in connection with the shares purchased for the participant under the Plan in accordance with the participant’s instructions as indicated on the Authorization Form. It is up to each participant to make a decision regarding the sale of any shares owned by the participant, including shares credited to the participant’s Plan account.

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Participation

| 5. | Who is eligible to participate in the Plan? |

Except as discussed in the next paragraph, all holders of record of shares of common stock are eligible to participate in the Plan. If you own shares in a brokerage, bank or similar account that names your broker, bank or other nominee as the record owner, then you must contact your broker, bank or other nominee and ask if and how you may participate in the Plan with respect to your shares.

A stockholder will not be eligible to participate in the Plan if he or she resides in a jurisdiction in which it is unlawful for us to permit participation. In particular, participation in the Plan is not available to a stockholder of record who resides in Arizona, California, Ohio or Oregon because the Company has not registered, and does not intend to register, the securities covered by the Plan in any of those jurisdictions.

A stockholder’s right to participate in the Plan is not transferable apart from a transfer of his or her shares of common stock to another person.

| 6. | How does a stockholder participate? |

A stockholder may enroll in the Plan at any time through the Administrator’s website at or by completing an Authorization Form and sending it to the Company, who will then forward it directly to the Administrator for processing. Authorization Forms may be obtained directly from the Administrator. See Question No. 31 for information regarding how