Exhibit 10.2.1
 
SECOND AMENDMENT TO
EXECUTIVE EMPLOYMENT AGREEMENT

THIS SECOND AMENDENT TO EXECUTIVE EMPLOYMENT AGREEMENT (this “Second Amendment”)
is made effective as of the 1st day of January 2012, by and between OLD LINE
BANK, a Maryland-chartered commercial bank (the “Bank” or “Employer”) and JAMES
W. CORNELSEN (the “Employee”).  This Second Amendment amends in certain respects
that certain Executive Employment Agreement dated January 28, 2011, between the
Bank and Employee as amended by that certain First Amendment to Executive
Employment Agreement dated as of January 1, 2012 (collectively the “Original
Agreement”).

1.  
Capitalized Terms.  Capitalized terms used herein and not otherwise defined
herein shall have the meanings assigned to them in the Original Agreement.

2.  
Amendments.  The Original Agreement is hereby amended as follows:

a.  
The following sentence is hereby added to the end of Section 3.1 of the Original
Agreement:

 
“As of January 1, 2012, the Board extended the Term for one additional year such
that, as of such date, the Term was to expire as of March 30, 2016.”

All of the provisions of the Original Agreement are incorporated herein by
reference and shall remain and continue in full force and effect as amended by
this Second Amendment.

3.  
Counterparts.  The Second Amendment may be executed in any number of
counterparts, each of which shall be considered an original for all purposes but
all of which shall together constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have duly executed this Second Amendment,
under seal, as of April 30, 2012, effective as of January 1, 2012.

WITNESS/ATTEST:
OLD LINE BANK
           
/s/Cathy A. Coughlin
By:/s/ Charles A. Bongar, Jr.        (SEAL)
 
Name: Charles A. Bongar, Jr.
 
Title: Chairman of Compensation Committee

 
 

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WITNESS:
             
/s/ Christine M. Rush
/s/James W. Cornelsen          (SEAL)
 
JAMES W. CORNELSEN
   

 

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