Exhibit 10.35


    EXHIBIT
      10.35

    


    AMENDMENT
      OF LEASE AGREEMENT

    


    This
      5th
      day of
      June, 2006, Ridgely I, LLC (hereinafter “Landlord”) and Old Line Bank
      (hereinafter “Tenant”) do enter into an Amendment to the Lease they entered into
      on the 7th
      day of
      July, 2004 and amended July 2005.

    


    Whereas
      the parties hereto entered into a Lease on July 7, 2004 and amended July 18,
      2005,

    


    Whereas,
      the parties hereto have agreed to amend said Lease and Amendment

    


    Now,
      wherefore, the Lease of July 7, 2004 and Amendment of July 18, 2005, are amended
      as follows:

    


    	1.  	
            The
              clauses added on Page 2A are eliminated in their entirety and the
              following clauses are hereby added:

          


    


    Landlord
      and Tenant acknowledge that the premises that are the subject of this Lease
      Agreement are subject to construction and expect a commencement date of
      approximately March 31, 2007. All Parties acknowledge that the commencement
      date
      is subject to the construction schedule of the addition to an existing shopping
      center that can vary substantially based on weather, permitting, engineering
      and
      contractors. Under any circumstance the Lease shall not commence until 120
      says
      from the date Landlord gives Tenant written notice that the Landlord has
      substantially completed Landlord’s work as outlined in Section 1.2 of the Lease
      or when Tenant opens for business whichever first occurs. It is further
      understood that if Landlord has not substantially completed all of the
      Landlord’s obligations under the Lease Agreement in regard to Section 1.2 of the
      Lease or before March 1, 2007 at the latest, the Tenant shall have the right
      to
      terminate the Lease Agreement without obligation to the Landlord.

    


    	2.  	
            If
              Landlord has not obtained the building permit for construction of the
              premises by July 1, 2006, either party may terminate this Lease Agreement
              by giving the other written notice.

          


    


    	3.  	
            The
              monthly rent as outlined in Section 3 is hereby amended to Six Thousand,
              Seven Hundred Sever & 43/100
              ($6,707.43).

          



    
      
         

      

      
         

        
          

        

      

      
         

      

    


    


    	4.  	
            All
              other terms and conditions contained in the Lease Agreement, unless
              contradicted by this Amendment, remain the
              same.

          


    


    


    
      	
              Witness:

            	
              Landlord:

            
	
              ____________

            	
              /s/William
                F. Chesley

            
	 	
              William
                F. Chesley, Manager

            
	 	 
	 	 
	
              Witness:

            	
              Tenant:

            
	 	 
	
              /s/Robyn
                J. Cottmeyer

            	
              /s/
                James W. Cornelsen

            
	 	
              Old
                Line Bank

            
	 	
              James
                W. Cornelsen, President &

            
	 	
              Chief
                Executive Officer