Document ID: 15331

Text:
3.15Regulatory Matters. The Purchaser understands and acknowledges that: (i) the Company is a registered bank holding company under the BHC Act, and is subject to regulation by the Federal Reserve; (ii) acquisitions of interests in bank holding companies are subject to the BHC Act and the Change in Bank Control Act of 1978 , as amended (the CIBC Act) and may be reviewed by the Federal Reserve to determine the circumstances under which such acquisitions of interests will result in Purchaser becoming subject to the BHC Act or subject to the prior notice requirements of the CIBC Act. The Purchaser represents that neither it nor its Affiliates (i) own or control any shares of any class of voting securities of the Company or (ii) otherwise control the Company or any Bank as such term is defined for purposes of the BHC Act or CIBC Act. The Purchaser is not participating and has not participated with any other investor in the offering of the Shares other than its Affiliates in any joint activity or parallel action towards a common goal between or among such investors of acquiring control of the Company.

Named Entities:
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Tokenized Text:
3
.
15Regulatory
Matters
.
The
Purchaser
understands
and
acknowledges
that
:
(
i
)
the
Company
is
a
registered
bank
holding
company
under
the
BHC
Act
,
and
is
subject
to
regulation
by
the
Federal
Reserve
;
(
ii
)
acquisitions
of
interests
in
bank
holding
companies
are
subject
to
the
BHC
Act
and
the
Change
in
Bank
Control
Act
of
1978
,
as
amended
(
the
CIBC
Act
)
and
may
be
reviewed
by
the
Federal
Reserve
to
determine
the
circumstances
under
which
such
acquisitions
of
interests
will
result
in
Purchaser
becoming
subject
to
the
BHC
Act
or
subject
to
the
prior
notice
requirements
of
the
CIBC
Act
.
The
Purchaser
represents
that
neither
it
nor
its
Affiliates
(
i
)
own
or
control
any
shares
of
any
class
of
voting
securities
of
the
Company
or
(
ii
)
otherwise
control
the
Company
or
any
Bank
as
such
term
is
defined
for
purposes
of
the
BHC
Act
or
CIBC
Act
.
The
Purchaser
is
not
participating
and
has
not
participated
with
any
other
investor
in
the
offering
of
the
Shares
other
than
its
Affiliates
in
any
joint
activity
or
parallel
action
towards
a
common
goal
between
or
among
such
investors
of
acquiring
control
of
the
Company
.