Form of Addendum to Restricted Stock Award Agreement
AFFINITY BANCSHARES, INC.
2018 EQUITY INCENTIVE PLAN
RESTRICTED STOCK AWARD AGREEMENT
NOTICE REGARDING YOUR RESTRICTED STOCK AWARDS
This notice is provided to you as a recipient of a Restricted Stock Award (“Restricted Stock Award”) under the Affinity Bancshares, Inc. 2018 Equity Incentive Plan (formerly known as the “Community First Bancshares, Inc. 2018 Equity Incentive Plan”) (the “Plan”).
In connection with the completion of second step conversion of Community First Bancshares, Inc. and related stock offering, effective January 20, 2021, (collectively, the “Second-Step Conversion”), the number of unvested Restricted Stock Awards you have has changed.
As a result of the Second-Step Conversion, the number of shares that you are entitled to receive upon your vesting date(s) has been converted using the Second-Step Conversion exchange ratio of 0.90685864 (“Exchange Ratio”) by multiplying the number of shares of unvested Restricted Stock by the Exchange Ratio and rounding down to the nearest whole number. Accordingly, the new total number of shares of unvested Restricted Stock that you hold are shown below (please note that no fractional shares will be issued).