The Charter of Company, dated April 5, 2007, as amended by the Articles of Amendment to the Charter dated November 15, 2007, June 17, 2010, September 26, 2011, September 27, 2011 and March 10, 2015, authorizes Company to issue 20,000,000 shares of common stock and 1,000,000 shares of preferred stock. As of June 28, 2016, there were 10,688,177 shares of Company’s common stock issued and outstanding and no shares of Company’s preferred stock outstanding (such shares of capital stock outstanding are exclusive of any subsequent issuances, if any, pursuant to reservations, agreements or employee benefit plans of Company or pursuant to the exercise of Company’s outstanding convertible securities or options). The outstanding shares of capital stock of Company have been duly authorized and validly issued and are fully paid and non-assessable. None of the outstanding shares of capital stock of Company were issued in violation of the preemptive or other similar rights of any securityholder of Company. All of the outstanding shares of capital stock of Bank are owned beneficially and of record by Company and have been duly authorized and validly issued and are fully paid and non-assessable.