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<page> See Restrictive Legend on Back Incorporated Under the Laws of the State of Wisconsin Natcom Bancshares, Inc. Authorized Number of Shares, 100,000 Specimen Natcom Bancshares, Inc., of the Par Value of $.01 Each <page> the Shares of Common Stock Represented by This Certificate (The "Shares") May Not Be Transferred Until Natcom Bancshares, Inc. (The "Corporation") Has Been Furnished With Evidence Satisfactory to Counsel for the Corporation That There Has Been Compliance With All Applicable Federal and State or Territorial Securities Laws With Respect to the Shares, Including, Without Limitation, an Opinion of Counsel Satisfactory in Form and Substance to Counsel for the Corporation That the Offer and Sale of the Shares Is Exempt Under Federal and State Securities Laws. Further, the Shares Are Subject to the Option of the Corporation to Purchase Said Shares Upon the Occurrence of Certain Events as Provided in Article VIII of the Corporation's Articles of Incorporation
