|   | (1) | No Golden Parachute      Payments.  The Company is prohibited from making any      golden parachute payments to you during any “CPP Covered      Period.”  A “CPP Covered Period” is any period during which (a)      you are a senior executive officer or a highly compensated employee of the      Company or its subsidiaries, and (b) the Treasury holds the Series B      Preferred Stock acquired from the Company in the  CPP. |
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|   | (2) | Recovery of Bonus and      Incentive Compensation.  Any bonus and/or incentive      compensation paid to you during a CPP Covered Period is subject to      recovery or “clawback” by the Company if the payments were based on      statements of earnings, revenues, gains or other criteria that are later      found to be materially inaccurate. |
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|   | (3) | Tax Gross-up      Payments.  During the CPP Covered Period, the Company is      prohibited from providing tax gross-ups or reimbursement for the payment      of your taxes to you.  For this purpose, providing for such a      gross-up at a future date after the CPP Covered Period is also      prohibited. |
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|   | (4) | No Bonus, Retention      Award or Incentive Compensation. During the CPP Covered Period, the      Company is prohibited from paying to you or accruing on your behalf any      bonus, retention award or incentive compensation, except for certain      long-term restricted stock, and except as otherwise may be provided under      a written employment agreement in effect as of February 11, 2009, and      except as may otherwise be permitted by future  guidance. |
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|   | (5) | Compensation Program      Amendments.  Each of the Company’s compensation, bonus,      incentive and other benefit plans, arrangements and agreements (including      but not limited to, golden parachute, severance and employment agreements)      (collectively, “Benefit Plans”) with respect to you is hereby amended      (notwithstanding any contrary language within such Benefit Plans) to the      extent necessary to give effect to provisions (1), (2) and      (3). |
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|   | (6) | Definitions and      Interpretation.  This letter shall be interpreted as      follows: |
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|   | Very      truly yours, |
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|   | 1st      Constitution Bancorp |
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|   | Intending      to be legally bound, I hereby |
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|   | agree      with, acknowledge the sufficiency |
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|   | of      consideration for, and accept the |
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|   | foregoing      terms. |
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|   |     /s/ ROBERT F. MANGANO    |
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|   | Robert      F. ManganoDated:           November      7, 2009 |
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