Unassociated Document


    EXHIBIT
      10.11

     

    PRE-OPENING
      FUNDS AGREEMENT

     

    This
      Pre-Opening Funds Agreement
      (“Agreement”) is entered into as of the 12th
      day of
      July, 2007 by and among Grand River Commerce, Inc., a corporation organized
      under the laws of the State of Michigan (“Company”), and each of the undersigned
      individuals (each, an “Organizer”).

     

    RECITALS

     

    WHEREAS,
      the
      Organizers have the mutual intention and objective to organize a commercial
      bank
      (the “Proposed Bank”) and have established the Company to pay the Proposed
      Bank’s organizational expenses and to enter into agreements in furtherance of
      the organization of the Proposed Bank; and 

     

    WHEREAS,
      the
      Organizers desire to take such steps and actions as may be necessary in the
      furtherance of their mutual intentions and objectives, including, but not
      limited to, the filing of regulatory applications (the “Applications”) with the
      Federal Reserve, the Federal Deposit Insurance Corporation (“FDIC”), the Office
      of the Comptroller of the Currency (“OCC”) and/or any applicable state bank
      regulatory authority (“State Regulator”), as applicable (the “Regulators”); and


     

    WHEREAS,
      the
      Organizers further desire by this Agreement to provide for the solicitation
      of
      funds to cover the organizational (pre-incorporation and pre-opening) expenses
      of the Company and the Proposed Bank among the Organizers, to be expended for
      the purpose of paying expenses to be incurred in order to determine the
      feasibility of the Proposed Bank and to prepare the Applications and to organize
      the Proposed Bank; and

     

    NOW,
      THEREFORE,
      in
      consideration of the foregoing and the promises, covenants and conditions
      hereinafter set forth, and the contribution of money provided for herein, the
      Organizers hereto agree as follows:

     

    1. Payments
      of Funds for Pre-Opening Expenses.
      Each
      Organizer, by execution of a counterpart hereof, hereby agrees to contribute
      funds in the amount of $45,000 (“Pre-Opening Funds”) for the purpose of funding
      organizational expenses of the Company and the Proposed Bank. A payment of
      $15,000 shall be made by such Organizer concurrently with the execution of
      this
      Agreement, and two (2) additional payments of $15,000 each shall be made within
      five (5) business days after notice from the Co-Managers (as defined below)
      that
      the next payment is due. Pre-Opening Funds paid by check shall be made payable
      to “Grand River Commerce, Inc.” Unless otherwise agreed by a vote of two-thirds
      of the then-existing Organizers, the failure of an Organizer to contribute
      the
      amounts provided hereunder this Section shall constitute a voluntary withdrawal
      of the Organizer as set forth in Section 9 hereof; provided, however, the
      Co-Managers shall have the authority to enter into specific arrangements with
      various organizers to pay the $45,000 of Pre-Opening Funds at some point other
      than at execution hereof if the Co-Managers determine that such an arrangement
      is in the best interests of the Company. 

     


    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    


    


     

    The
      Organizers anticipate the Co-Managers will present a budget for the pre-opening
      expenses of the Company and the Proposed Bank. It is currently anticipated
      that
      these expenses will be covered by the cash advances provided for in this Section
      1 and by a line of credit provided to the Company by a financial institution
      upon the receipt of preliminary regulatory approvals to organize the Proposed
      Bank. If required by the issuing financial institution in order to issue the
      pre-opening line of credit, each Organizer further agrees to provide a limited
      guarantee (not joint and several) with respect to any advances made under such
      line of credit; provided, however, that the exposure of each Organizer pursuant
      to such limited guarantee shall not be in excess of the multiple of such
      Organizer’s pro rata share of any advances made under such line of credit
      required by the issuing financial institution.

     

    Each
      Organizer/Director, by executing this Agreement, hereby authorizes the Company
      to enter into agreements with Jenkens & Gilchrist, P.C.

     

    2. Account,
      Co-Managers, and Terms Under Which Pre-Opening Funds Shall Be
      Held.
      All
      Pre-Opening Funds shall be deposited in a deposit account (the “Account”)
      established in the name of the Company at a federally-insured depository
      institution domiciled or authorized to do business in Michigan and selected
      by
      the Co-Managers (as defined below). No other funds shall be deposited in the
      Account. The Co-Managers or the Organizers (including the Co-Managers), acting
      by a vote of at least two-thirds of their number, may transfer the Account
      to
      another banking organization domiciled or authorized to do business in
      Michigan.

     

    Pre-Opening
      Funds may be accepted from a proposed Organizer only by one of the Co-Managers.
      Following execution of this Agreement by an Organizer, any funds accepted by
      the
      Co-Managers from an Organizer shall not be returned to the Organizer except
      as
      provided herein.

     

    Unless
      and until changed by the vote of two-thirds of the Organizers, Jerry Sytsma
      and
      Robert Bilotti are hereby appointed to serve as Co-Managers of the Account
      (the
“Co-Managers”), and are authorized to receive, deposit and disburse all funds to
      be collected or paid pursuant to the terms of this Agreement and to take such
      other actions as may be contemplated by this Agreement.

     

    3. Terms
      Under Which Pre-Opening Funds Shall Be Disbursed.
      Disbursements from the Account may be made only upon the order and signature
      of
      either of the Co-Managers, and only for purpose of paying organizational
      expenses of the Company or the Proposed Bank, including but not limited to
      (i)
      marketing and banking consulting fees, (ii) economic study fees, (iii)
      pre-opening consulting fees to be paid to one or more proposed officers of
      the
      Proposed Bank, and others (all as approved by a majority of the Organizers),
      (iv) accounting and legal fees, (v) application fees and expenses, and (vi)
      rent, lease and/or option payments and security deposits; provided, however,
      that no disbursement in excess of $1,000 (except reimbursement of out-of-pocket
      expenses) shall be made to any Co-Manager unless and until such payment or
      payments have been approved in advance by at least a majority of the Organizers
      who are then parties to this Agreement or unless such payment is subject to
      another agreement with the Company.

     


    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    


    


     

    4. Additional
      Organizers.
      Upon
      the approval of the Co-Managers, additional Organizers may be added from time
      to
      time, provided that such additional Organizers ratify and agree to be bound
      by
      and comply with the provisions, terms and conditions of this Agreement. Each
      additional Organizer shall execute a signature page to this Agreement (and
      such
      other instrument as counsel to the Company shall require) and shall immediately
      contribute funds in the same amount as has been contributed as of such date
      by
      each of the other Organizers.

     

    5. Records.
      The
      Co-Managers shall keep and maintain records containing:

     

    (a) With
      respect to each deposit to the Account:

     

    (i) date
      of
      deposit,

    (ii) amount
      deposited, and

    (iii) name
      of
      person from whom such money was accepted.

     

    (b) With
      respect to each withdrawal from the Account:

     

    (i) date
      of
      withdrawal,

    (ii) amount
      of
      money withdrawn,

    (iii) name
      of
      person or entity to whom such money was paid,

    (iv) description
      of purpose of such payment, and

    (v) any
      invoice or billing relating to such payment.

     

    (c) The
      Co-Managers or, upon opening, the Proposed Bank, shall preserve the records
      described above for a period of not less than four (4) years after such Account
      is closed.

     

    (d) The
      Co-Managers shall, upon request, make the records described above available
      for
      inspection and copying by (i) the Regulators, (ii) any proposed director,
      officer, or organizer of the Company or the Proposed Bank, (iii) any person
      from
      whom Pre-Opening Funds have been accepted, (iv) the Company, or (v) the Proposed
      Bank, if and when organized.

     

    6. Reports.
      On
      or
      before the 21st day of each calendar quarter, commencing with the calendar
      quarter after Pre-Opening Funds are first accepted and continuing until the
      Account is closed in accordance with this Agreement, the Co-Managers will
      provide to each person from whom Pre-Opening Funds have been accepted a report
      stating, with respect to the last calendar quarter:

     

    (a) Opening
      balance of the Account.

     

    (b) Total
      amount deposited in the Account during the calendar quarter.

     


    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    


    


     

    (c) Itemized
      schedule of deposits showing, with respect to each deposit, date of deposit,
      amount of money deposited, name of person from whom such money was accepted
      and
      aggregate total amount.

     

    (d) Total
      amount disbursed from the Account during the calendar quarter.

     

    (e) An
      itemized schedule of disbursements showing, with respect to each person to
      whom
      the amount disbursed, together with amounts previously disbursed to each person,
      is $500 or more: name of person, amount disbursed to the person, description
      of
      purpose of such disbursement, and the aggregate total amount disbursed to date
      to the person.

     

    (f) Closing
      balance of Account.

     

    7. Circumstances
      Under Which Pre-Opening Funds Shall Be Repaid. 

     

    (a) The
      Organizers understand and agree that the Pre-Opening Funds advanced by the
      Organizers shall be reimbursed to the Organizers if, and only if, the
      Proposed Bank becomes duly organized when the Proposed Bank is issued a charter
      to transact a commercial banking business by the OCC or the State Regulator,
      as
      applicable, the Proposed Bank receives approval from the FDIC of its application
      for deposit insurance and all subscription funds held in escrow for Proposed
      Bank stock have been released.

     

    (b) The
      Co-Managers shall cause the Company, after making all disbursements authorized
      under the terms of this Agreement, to pay any and all balances in the Account,
      on a pro rata basis, to the Organizers upon the occurrence of any of the
      following events: 

     

    (i) two-thirds
      of the Organizers determines to discontinue efforts to organize the Proposed
      Bank; or

     

    (ii) an
      application for authority to organize the Proposed Bank filed with the OCC
      or
      the State Regulator within such time is denied by the OCC or the State Regulator
      and a reapplication for authority to organize the Proposed Bank is not filed
      with the OCC or the State Regulator within 90 days after such
      denial.

     

    (c) Each
      Organizer acknowledges and agrees that the return of any Pre-Opening Funds
      following the removal of an Organizer shall be governed by the provisions of
      Section 10.

     

    (d) Each
      Organizer acknowledges and agrees that there is no assurance that any of the
      conditions described in this Section will be met and that if the conditions
      described above do not occur, such Organizer shall not be entitled to
      reimbursement of any of the Pre-Opening Funds, except as expressly provided
      herein. Such Organizer further waives any and all claims against any other
      Organizers hereto, the Company, the Proposed Bank and their respective officers,
      directors, shareholders, attorneys, agents and representatives for reimbursement
      of his or her share of Pre-Opening Funds as a result of the failure to occur
      of
      any of the conditions described above.

     


    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    


    


     

    8. Application;
      Services.
      The
      Co-Managers are hereby authorized and directed to execute and deliver written
      agreements with attorneys, accountants, economists and banking/fundraising
      consultants, relating to the various applications to be filed with the
      Regulators in connection with the organization of the Proposed Bank, and for
      other services related to the organization of the Company or the Proposed Bank.
      The Co-Managers are hereby authorized and directed to pay, to the extent of
      funds made available by the Organizers as described herein, all amounts agreed
      to in said agreements for all such services rendered.

     

    9. Voluntary
      Withdrawal. An
      Organizer may withdraw as an organizer of the Company or the Proposed Bank
      by
      giving written notice to the Co-Managers. Notwithstanding the foregoing, the
      withdrawal of an Organizer shall not affect in any manner any obligation
      incurred by the Organizer pursuant to this Agreement or any other agreement
      entered into by the Organizer. Upon the withdrawal of an Organizer, the
      Organizer shall forfeit any and all options or warrants to which the Organizer
      would otherwise have been entitled upon the Proposed Bank’s opening for business
      by virtue of his status as an Organizer, a director or executive officer or
      as a
      result of any actions taken by him pursuant to this Agreement.

     

    10. Removal
      of Organizers.
      An
      Organizer may be removed with or without cause upon the vote of two-thirds
      of
      the then-active Organizers. 

     

    11. Indemnification
      of Co-Managers; Covenant Not to Sue.
      The
      Organizers hereto agree that the Company shall indemnify and hold the
      Co-Managers harmless from all liabilities, obligations, claims or costs
      (including attorneys, accountants, paralegal fees and expenses) incurred by
      them
      in their capacities as such or in the course of their performance of their
      duties as such, except liabilities or obligations arising from or out of willful
      misconduct or gross negligence. Such indemnification is limited in amount of
      the
      Company’s resources. In no case will an Organizer have to increase the amount
      advanced to the Company for this purpose. In no event shall any Organizer bring
      suit, initiate a mediation or arbitration or otherwise bring a cause of action
      or claim against any other Organizer except in the case of gross negligence,
      willful misconduct or failure to make the payments or guarantees required by
      Section 1 of this Agreement. 

     

    12. Unauthorized
      Acts.
      Notwithstanding anything contained herein to the contrary, no party hereto
      shall
      be authorized in any manner or form to perform any act or to render any
      communication or information with regard to the organization of the Company
      or
      the Proposed Bank that is contrary to applicable federal and applicable state
      law, including the rules, regulations and policies of the Federal Reserve,
      OCC,
      State Regulator and/or FDIC. In addition, each Organizer acknowledges the
      following:

     

    (a) that
      the
      Proposed Bank is not being organized for the sole purpose of immediately selling
      to or merging or consolidating with any other financial
      institution;

     


    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    


    


     

    (b) that
      such
      Organizer may not indicate, either orally or in writing, that he or she is
      an
      officer or director of the Proposed Bank or that the Proposed Bank is in
      existence prior to receiving the consent of the Regulators, if required at
      such
      time;

     

    (c) that
      the
      Proposed Bank, upon organization, will not refinance, either directly or
      indirectly, any loan, advance, or credit extension made to any prospective
      shareholder by any existing financial institution or other lender, if such
      loan,
      advance, or credit extension was originally made to the prospective shareholder
      to obtain funds to purchase stock in the Proposed Bank;

     

    (d) that
      all
      subscription funds for capital stock will be held in escrow subject to the
      order
      of the applicable Regulators and that these funds will be released only after
      all conditions precedent to the commencement of operations at the Proposed
      Bank
      have been satisfied; 

     

    (e) that
      such
      Organizer shall make an equity investment (pursuant to the terms and conditions
      of the Offering) in the common stock of the Proposed Bank in an amount at least
      equal to the minimum amount expected of Organizers by the Regulators in order
      to
      issue the charter; 

     

    (f) that
      no
      representations have been made by the Co-Managers, any of the Organizers, any
      of
      the other signatories hereto or attorneys, accountants or any other service
      providers to the Company or the Proposed Bank guaranteeing or representing
      that:
      (a) a charter for the Proposed Bank will be issued and approved by the
      Regulators; (b) approval of the Proposed Bank by the Regulators will occur
      on or
      before any specified date or approximate date, or that such approval will be
      received at all; (c) such Organizer will be approved by the Regulators as an
      organizing director of the Proposed Bank; (d) the Proposed Bank will be able
      to
      successfully sell any amount of its initial capital stock; (e) such Organizer
      will be approved by the Regulators to purchase any specific number of shares
      of
      the capital stock of the Proposed Bank; (f) the Regulators will approve any
      specific stock options or other benefit for such Organizer(s); (g) the Proposed
      Bank will be located in any specific location or city; or (h) the Proposed
      Bank
      will open for business on or before any specific date or approximate date;
      and


     

    (g) that
      the
      Organizers will respect and honor the confidential nature of all personal
      information of each individual Organizer, and that the Organizers will not
      request copies of or access to review any such confidential information of
      another Organizer which information is delivered to any consultant in connection
      with preparing or reviewing necessary documentation for the Proposed Bank.
      

     

    13. Borrowings/Guarantees. The
      parties understand and agree that it may be necessary for the Company to borrow
      funds or otherwise secure lines of credit for the purpose of obtaining funds
      to
      pay pre-incorporation and pre-opening expenses of the Proposed Bank and that
      lenders may require such financing arrangements to be evidenced by one or more
      notes co-signed or guaranteed by each of the undersigned on a joint or several
      or other basis. An agreement to borrow funds under the provisions of this
      Section 13 requires the unanimous written approval of all the Organizers who
      undertake any such guarantee. All funds obtained pursuant to this Section 13
      shall be maintained and disbursed by the Co-Managers
      in conformity with the duties set forth in this Agreement.
      To the
      extent that an Organizer is not willing to execute any guarantee required
      pursuant to this Section 13, then such Organizer, in order to continue to
      participate in this project, must find another Organizer who is willing to
      provide the amount of guarantee, in whole or in part, on behalf of such
      Organizer that is declining to execute the guarantee.

     


    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    


    


     

    14. Termination.
      The
      Agreement shall terminate upon the occurrence of any of the following
      events:

     

    (a) by
      mutual
      written consent of two-thirds of the Organizers who are bound by the terms
      hereof; or

     

    (b) following
      an event described in Section 7(a) or 7(b) upon the reimbursement of funds
      due
      to Organizers or upon a determination by the Co-Managers that no reimbursement
      shall be due.

     

    15. General
      Corporate Matters. 

     

    (a) Initial
      Board of Directors. It
      is
      anticipated that the number of directors of the Company shall be increased
      prior
      to filing the Applications and that the vacancies shall be filled by Organizers.
      The board of directors reserves the right, however, to fill any vacancies
      created by an increase in the number of directors with persons who are not
      Organizers if the board determines that the addition of such person(s) to the
      board of directors of the Company would enhance the ability of the Proposed
      Bank
      to receive regulatory approval or to operate following receipt of regulatory
      approval. The board of directors of the Company shall also be empowered to
      identify the individuals to serve as the proposed board of directors of the
      Proposed Bank. It is expected that each Organizer shall serve as a director,
      advisory director or a member of an organizers’ advisory committee of the
      Proposed Bank unless the board of directors of the Company determines that
      such
      service would impair the ability of the Proposed Bank to receive all required
      regulatory approvals. 

     

    (b) Organizer
      Warrants.
      The
      Organizers will receive warrants to purchase shares of stock at the initial
      offering price. These warrants would be issued when the Proposed Bank opens
      for
      business and, to the extent permitted by the Regulators, would be exercisable
      upon issuance and would expire ten years following the date that the Proposed
      Bank opens for business. It is anticipated that each Organizer would receive
      one
      warrant for every $10.00 dollars advanced to the Company by the Organizer or
      guaranteed (on a pro rata portion of the indebtedness basis without any
      consideration of any portion of the guaranty above 100%) by the Organizer for
      the benefit of the Company or the Proposed Bank; provided such Organizer
      purchases a number of shares equal to the warrants to be received. Each
      Organizer acknowledges and understands that they must purchase at least the
      number of shares of stock of the Company or the Proposed Bank as they will
      receive warrants. 

     


    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    


    


     

    The
      board
      of directors of the Company shall be empowered to determine the amount of
      warrants to be issued within the prescribed range, and may amend the range
      upon
      a determination that such range would impair the ability of the Proposed Bank
      to
      receive all required regulatory approvals or is otherwise not in the best
      interests of the Proposed Bank. This grant of warrants is contingent upon the
      approval of the applicable Regulators and may be reduced as necessary to such
      level as may be required to obtain such regulatory approval. 

     

    (c) Shareholder
      Warrants.
      The
      initial shareholders of the Proposed Bank will receive warrants to purchase
      shares of stock at an exercise price of $12.50 per share. These warrants would
      be issued when the Proposed Bank opens for business and, to the extent permitted
      by the Regulators, would be exercisable upon issuance and would expire three
      years following the date that the Proposed Bank opens for business. It is
      anticipated that each initial shareholder would receive a minimum of one warrant
      for every five shares purchased in the initial offering of stock.
      Notwithstanding the foregoing, the board of directors of the Company shall
      be
      empowered to vary the amount and terms of the initial shareholder warrants
      upon
      a determination that such terms would impair the ability of the Proposed Bank
      to
      receive all required regulatory approvals or is otherwise not in the best
      interests of the Proposed Bank.

     

    (d) Stock
      Options.
      The
      board of directors believes that it is in the best interests of the Proposed
      Bank to promote shareholder value by aligning the financial interests of
      executive officers and employees providing services to the Proposed Bank with
      long-term shareholder value. Accordingly, it is anticipated that a certain
      number of shares of stock will be reserved for issuance under a stock incentive
      plan, which would provide, among other things, for the issuance of employee
      stock options to management and future management. It is anticipated that
      between 10% and 15% of the shares of stock issued in the initial public offering
      would be reserved for issuance of these stock-based incentives. However, the
      board of directors of the Proposed Bank reserves the right to revise this amount
      as it determines necessary to attract and retain qualified employees to fill
      positions of substantial responsibility, either current or
      prospective.

     

    16. Miscellaneous.

     

    (a) Notices.
      Any
      notice required by this Agreement shall be given by telephone and confirmed
      by
      facsimile, express or certified mail to the parties at the addresses heretofore
      furnished by each party hereto or such other address as a party may later
      specify. With respect to notice confirmed by facsimile, notice shall be deemed
      duly given when facsimile confirmation is received. With respect to notice
      confirmed by express or certified mail, notice shall be deemed duly given upon
      the earlier of actual receipt of such confirmation by mail or three (3) business
      days after deposit in the United States mail, postage prepaid.

     

    (b) Complete
      Agreement.
      This
      Agreement contains the entire understanding of the parties and supersedes all
      existing agreements and all other oral, written or other communications between
      the parties concerning its subject matter. There are no agreements, arrangements
      or undertakings, oral or written, between or among the parties hereto relating
      to the subject matter of this Agreement that are not fully expressed
      herein.

     


    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    


    


     

    (c) Governing
      Law.
      This
      Agreement shall be governed by the laws of Michigan without regard to principles
      of conflicts of laws. Any dispute or controversy arising under, out of or in
      connection with this Agreement, shall be determined and settled by arbitration
      in Michigan in accordance with the rules of the American Arbitration
      Association. Any decision rendered thereby shall be non-appealable, final and
      binding on the parties and judgment may be entered thereon.

     

    (d) Assignment.
      This
      Agreement is personal to the parties hereto and may not be assigned, except
      with
      respect to the Company to a successor corporate entity, including the Proposed
      Bank, once established.

     

    (e) Amendment.
      This
      Agreement may be amended only by a writing signed by two-thirds of the
      Organizers; provided however, that any action under this Agreement requiring
      the
      approval or consent of more than two-thirds may be amended only by a writing
      signed by at least the same number of Organizers as would be required to take
      such action under the Agreement.

     

    (f) Waiver.
      Failure
      to insist upon strict compliance with any of the terms, covenants or conditions
      hereof shall not be deemed a waiver of such term, covenant, or condition. A
      waiver of any provision of this Agreement must be made in writing, designated
      as
      a waiver, and signed by the party against who its enforcement is sought or
      in
      the case of the Organizers as a group, by two-thirds of the Organizers. Any
      waiver or relinquishment of such right or power at any one or more times shall
      not be deemed a waiver or relinquishment of such right or power at any other
      time or times.

     

    (g) Illegality,
      Severability.
      If any
      provisions of this Agreement (or any portion thereof) shall be held to be
      invalid, illegal or unenforceable, the validity, legality or enforceability
      of
      the remainder of this Agreement shall not in any way be affected or impaired
      thereby. 

     

    (h) Counterparts.
      This
      Agreement may be executed in any number of counterparts and each of such
      counterparts shall be deemed an original, and all such counterparts shall
      together constitute but one and the same instrument. 

     

    (i) Headings.
      The
      headings of sections in this Agreement are for convenience of reference only
      and
      are not intended to qualify the meaning of any of the language in this
      Agreement.

     

    (j) Relationship
      of the Organizers.
      This
      Agreement shall not be deemed to create a partnership or joint venture among
      the
      Organizers or among the Company and the Organizers. Except with respect to
      the
      authorized acts of the Co-Managers, as expressly described in this Agreement,
      no
      Organizer shall be authorized or have the right to bind or obligate any other
      Organizer to any debt, obligation or liability with any third party without
      the
      prior written consent of all of the other Organizers.

     


    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    


    


     

    [Remainder
      of Page Intentionally Left Blank]

     


    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    


    IN
      WITNESS WHEREOF,
      the
      undersigned parties have executed this Agreement and agree to be bound by the
      terms hereof.

     

    
      	 	
              GRAND
                RIVER COMMERCE, INC.

            
	 	 	 
	 	
              By:
                

            	
              /s/
                Robert P. Bilotti

            
	 	 	 
	 	
              Name:
                

            	
               Robert
                P. Bilotti

            
	 	 	 
	 	
              Title:
                

            	
              President

            
	 	 	 
	 	 	 


    

    


    
      	 	  

	 	
              ORGANIZERS

            
	 	
              /s/
                Robert P. Bilotti 

            
	 	
              /s/
                Richard J. Blauw, Jr.

            
	 	
              /s/
                Cheryl M. Blouw

            
	 	
              /s/
                James P. Bush 

            
	 	
              /s/
                William A. Condon 

            
	 	
              /s/
                Frederick T. Croft 

            
	 	
              /s/
                Dr. David L. DeVisser 

            
	 	
              /s/
                Jeffrey A. Elders 

            
	 	
              /s/
                Donald R. Fritz 

            
	 	
              /s/
                Dr. Phillip Hartgerink 

            
	 	
              /s/
                Dr. Todd D. Hartgerink 

            
	 	
              /s/
                Randall L. Hartgerink 

            
	 	
              /s/
                Preston J. Hopkins, Jr.

            
	 	
              /s/
                David K. Hovingh 

            
	 	
              /s/
                Dr. Paul Huizinga 

            
	 	
              /s/
                Jodi Medina 

            
	 	
              /s/
                Michael G. Nauta 

            
	 	
              /s/
                Roger L. Roode 

            
	 	
              /s/
                Timothy J. Steenland 

            
	 	
              /s/
                Jerry A. Sytsma 

            
	 	
              /s/
                Doug H. VanNoord 

            
	 	
              /s/
                James A. Veldink

            
	 	
              /s/
                Kimble L. Wagner 

            


    

    


     


    
      
        
        

      

      
        11