Common use of Endorsement on Certificates Clause in Contracts

Endorsement on Certificates. Each of ASC and Kojaian shall use its best efforts to ensure that the certificates for all of the Shares owned by either ASC or JPE, whether now owned or hereafter acquired, shall, during the term of this Shareholders Agreement, bear a conspicuous legend in substantially the following form: "The shares of capital stock represented by this certificate are subject to, and are transferable only upon compliance with, a certain Shareholders Agreement dated as of May 27, 1999, between ASC Holdings, LLC, a Michigan limited liability company, and Kojaian Holdings LLC, a Michigan limited liability company, the provisions of which are incorporated herein by reference. A copy of said agreement is on file in the office of the Secretary of JPE, Inc."