Document:

Exhibit 10.1 Consulting Agreement

Exhibit 10.1

CONSULTING SERVICES AGREEMENT

THIS AGREEMENT made as of the 9th day of February, 2012.

BETWEEN: 

Norman Cay Development, Inc., having an office at 

4472 Winding Lane, 

Stevensville, MI 43127 

(the "Company") 

OF THE FIRST PART 

AND: 

CMB Investments Ltd. having an office at

Suite 250 -1090 West Georgia Street,

Vancouver, British Columbia 

Canada, V6E 3V7 

(the "Contractor") 

OF THE SECOND PART 

AND: 

Ralph Shearing, of 1780 Arborlynn Drive,

North Vancouver, British Columbia 

Canada, V7J 2V8 

("Shearing") 

OF THE THIRD PART 

IN CONSIDERATION of the premises and the mutual covenants herein contained the parties here to agree as follows: 

Article 1

Definitions

1.1 

In this Agreement: 

"Associated Company" means a company which directly or indirectly: 

(a)

Controls, or is controlled by, the Company, or

(b)  

Is controlled by the same company that directly or indirectly controls the Company. 

"Board" means the Board of Directors from time to time of the Company. 

"Notice Period" means a period of thirty days commencing on the day after notice of termination of the Contractor's retainer is given by the Company in accordance with the terms of this Agreement. 

Article 2

Appointment

2.1 

The Company agrees to retain the Contractor to provide consulting advisory services (the "Services") from time to time as required by the Board and the Contractor agrees to provide such Services, reporting directly to the Board, subject to the terms and conditions of this Agreement. The Services to be provided by the Contractor shall include the following: 

(a) 

Providing corporate development advice to the Company: 

(b) 

Assist and advise on technical aspects of mineral exploration and development of the Company's mineral property interests; 

(c) 

To provide advice to the Company on any possible business combinations, related to acquisition, dispositions, joint ventures, options or other business arrangements by the Company related to mineral exploration and/or mining assets; 

(d) 

To assist the Company in formulating and achieving its objectives including participating in planning meetings, and implementation of such plans and objectives, when requested to do so; 

(e) 

Such other duties as may be reasonably directed from time to time by the Board. 

2.2 

The Contractor agrees to provide the Services to the Company through the employment of personnel acceptable to the Company, acting reasonably. Such personnel shall include Shearing, if requested by the Company. Shearing agrees to accept an appointment as a director of the Company if so requested by the Company. The Contractor shall provide its own office facilities and equipment to its employees for the purpose of providing the Services; provided that the personnel of the Contractor may also use the Company's offices and facilities from time to time as mutually agreed upon. 

2.3 

The term of the Contractor's appointment shall commence on February 9th, 2012 and continue for a term of 12 months expiring on February 8th, 2013. Thereafter this Agreement shall be automatically renewed for successive 12 month terms, subject only to termination accordance with the provisions of Article 6. 

Article 3

 Relationship Between the Parties

3.1 

The parties agree and intend that the relationship of the Contractor to the Company pursuant to this Agreement is that of independent contractor. Neither Shearing nor any other staff of the Contractor are employees of the Company, and are not entitled to the benefits provided by the Company to its employees except as otherwise mutually agreed upon from time to time. 

3.2 

The Contractor shall provide the Services in Vancouver, British Columbia, Canada, except for travel from time to time as reasonably required for the Company's business. 

3.3

During the continuance of its retainer under this Agreement, the Contractor shall: 

(a) 

Devote sufficient time to the business of the Company and its subsidiaries for the performance of the Services described herein; 

(b) 

Provide the Services in a proper, loyal and efficient manner and shall use its best efforts to maintain and promote the interests and reputation of the Company and its subsidiaries and not do anything which is harmful to them; and 

(c) 

at all times promptly give to the Board (in writing if so requested) all such information and explanations as the Board may reasonably require in connection with matters relating to its retainer hereunder or with the business of the Company or its subsidiaries. 

2

3.4 

The Company is aware that the Contractor has now and will continue to provide services to other companies and the Company recognizes that these companies will require a certain portion of the time of the Contractor and its principal and other employees. The Company agrees that the Contractor may continue to provide services to such outside interests, provided that such interests do not conflict with the provision of the Contractor's Services under this Agreement. Notwithstanding the above, it is understood that the Contractor will devote services primarily through the services of Shearing to the business affairs of the Company on an advisory part time basis. 

3.5 

During the term of this Agreement, the Contractor and/or its employees and associates may have access to confidential information consisting of the following categories of intonation (collectively, the "Trade Secrets"): 

(a) 

Financial information, such as the Company's earnings, assets, debts, or other financial data, whether relating to the Company generally, or to particular services, geographic areas or time periods; 

(b) 

supply and service information, such as goods and services, supplier's names or addresses, terms of supply or service contracts, or of particular transactions, or related information about potential suppliers, to the extent that such information is not generally known to the public, and to the extent that the combination of 3 suppliers or use of a particular supplier, though generally known or available, yields advantages to the Company, the details of which are not generally known; 

(c) 

in regards to resource companies, exploration information, such as details about ongoing or proposed exploration programs or agreements by or on behalf of the Company pertaining to any existing or proposed exploration programs, the forecasts and results of any exploration programs or information about impending transactions; 

(d) 

personnel information, compensation or other terms of employment, actual or proposed promotions, hiring, resignations, disciplinary actions, termination or reasons thereof, training methods, performance, or other Consultant information not including Consultants' personal or medical histories; and/or 

(e) 

Current shareholders lists, investors, contracts such as registered representatives/stockbrokers or potential investors, and officers and directors of the Company or any affiliated companies. 

The Company and the Contactor shall consider their relationship as one of mutual trust and confidence with respect to the Trade Secrets. Therefore, during and after the term of this Agreement, the Contractor agrees to: 

(f) 

except as subject to clause 3.06 of this Agreement, hold all such information in confidence and not to divulge, communicate or transmit it to others, or make any unauthorized copy or use of such information in any capacity either personal or business unrelated to that of the Company; 

(g) 

Use the Trade Secrets only in the furtherance of proper Company related reasons for which such information is disclosed or discovered; 

(h) 

Take all necessary reasonable action that the Company deems necessary or appropriate to not allow unauthorized use or disclosure of the Company's Trade Secrets, and to protect the Company's interest in the Trade Secrets. 

3

3.6 

The provisions set forth in Article 3.5 do not apply to: 

(a)

Information that has become public through disclosure of and by the Company; 

(b) 

Information that by means other than the Contractor's deliberate or inadvertent disclosure becomes well known or easily ascertainable to the public or to companies that compete directly with the Company; and 

(c) 

Disclosure compelled by judicial or administrative proceedings. 

3.7 

All inventions, improvements, products, design; programs, processes, formulae and methods of manufacture whether practicable or not (all of which are hereunder collectively included in the term "inventions'') which the Contractor may make or discover while retained pursuant to this Agreement and which relate to or are connected with any product, article or service of a kind produced, handled, provided or sold by or which relate to or are connected with any business carried on by the Company or any Associated Company, subject to any contrary provisions of the Patent Act (Canada) where applicable, be the sole, absolute and exclusive property of the Company and shall be held by the Contractor both during the continuance of its retainer hereunder and thereafter in trust for the Company. The Contractor shall at the request and cost of the Company apply for and execute any such documents, and do such acts and things as may in the opinion of the Board be necessary to give full effect to the terms of this Article. Further, the Contractor shall not do anything to imperil the validity of any such patent or protection or any application therefore but on the contrary shall at the cost of the Company render all possible assistance to the Company both in obtaining and in maintaining such patents or other protection. 

Article 4 

Responsibility of the Contractor

4.1 

The Contractor is aware and acknowledges that all of its activities shall be conducted in compliance with applicable securities legislation and the rules and by-laws of the applicable securities exchanges under whose jurisdictions their activities fall. 

Article 5 

Remuneration and Expenses

5.01 

The Company agrees to pay the Contractor and the Contractor agrees to accept as remuneration for services hereunder on a monthly rate basis of $3,500 per month. ($42,000/ year) payable by monthly invoices, exclusive of any other benefits referred to herein but subject to the provisions of Section 3.02. 

5.02 

The Company shall issue to the Contractor 500,000 shares of restricted Rule 144 common stock under the following schedule, 

•

100,000 shares as of the effective date of this agreement 

•

100,000 shares 30 days after the effective date of this agreement 

•

100,000 shares 60 days after the effective date of this agreement 

•

100,000 shares 90 days after the effective date of this agreement 

•

100,000 shares 120 days after the effective date of this agreement 

Shares issued pursuant to this section shall be issued in the name of the Contractor or the Contractor's nominee as so advised by the Contractor. 

5.03 

This Section Specifically Left Blank 

4

5.04

(a) 

The Contractor shall be entitled to participate in any incentive programs, including, without limiting the generally of the foregoing, share option plans, share purchase plans, share bonus plans or financial assistance plans, in accordance with and on terms and conditions determined by the Directors in their sole discretion. The Contractor acknowledges that its participation in these plans or programs will be to such extent and in such amounts as the Directors in their sole discretion may decide from time to time. 

(b) 

Any amounts which the Contractor may be entitled to under any such plan or program shall not, for the purposes of this Agreement, be treated as salary. 

(c) 

The Contractor agrees that the Company may pursuant hereto, substitute, reduce, modify, or if necessary, eliminate such plans or programs at any time. All such plans or programs shall be governed by the policies of the various regulatory bodies which have jurisdiction over the affairs of the Company. 

5.05 

The Company shall promptly reimburse the Contractor for all reasonable business, travel, hotel, entertainment and other out-of-pocket expenses which are incurred by the Contractor in the provision of the Services hereunder. The Contractor shall provide the Company with copies of all vouchers, bills, invoices and statements relating to any expenses for which the Contractor claims reimbursement and any single expense over $300.00 shall require the Company's approval in writing. 

5.06 

The Company shall make payment of all salary, fees, and bonuses to Contractor by direct wire transfer to a designated bank account. Payment shall be made within ten (10) calendar days of the date of invoice. The Contractor shall be solely responsible for any additional fees or expenses that result from any dual taxation that may arise, as a result of the Contractor residing in the USA. Contractor shall be responsible for all USA withholdings, taxes and fees. 

Article 6 

Termination of Retainer

6.1 

The Contractor or the Company may terminate the retainer pursuant to this Agreement at any time by providing written notice to the Contractor or the Company as the case may be of not less than the Notice Period. 

6.2 

The Company may terminate the Contractor's retainer pursuant to this Agreement if the Contractor: 

(a) 

Commits a material breach of a provision of this Agreement; 

(b) 

is unwilling or unable to perform the Services under this Agreement; 

(c)

commits an act off fraud or of willful misconduct in the discharge of the Services under this Agreement; 

Provided that the Company shall first deliver notice to the Contractor setting out the alleged facts or circumstances giving rise to its right of termination of this Agreement, and the Contractor shall have 30 days within which to cure such alleged breach or default hereunder. 

6.3 

The Company shall make all payments hereunder arising from the termination of this Agreement in accordance with Article 6 by way of certified cheque or bank draft made payable to the Contractor. 

6.4 

Concurrently with the delivery of payments and resignations, if applicable, the parties hereto shall deliver mutual releases and discharges in favor of one another with respect to any matters arising up to the date of termination of this Agreement, in terms and substance satisfactory to the parties, acting reasonably. 

5

6.5 

Upon termination of the retainer under this Agreement, the Contractor shall promptly return to the Company all correspondence, documents, papers, records, software, keys and other property of the Company, which the Contractor has prepared or obtained in the course of providing the Services to the Company (and the Contractor shall not retain any copies thereof) and the Company shall return to the Contractor and Shearing any of their property which is in the possession or control of the Company. 

Article 7 

Notices

7.1 

Notices to be given under this Agreement shall be in writing and shall be given to the parties at the addresses specified below. Any notice given shall be deemed to be given on the date delivered if delivered personally or by facsimile and shall be deemed to be given 4 days after being mailed to the address of the party described below when sent by prepaid registered mail. 

The address for service of the parties shall be: 

The Company: 

Attn: Dean Huge, CPO 

Norman Cay Development, Inc. 

4472 Winding Lane 

Stevensville, MI 49127 

Email-dean.huge@gmail.com 

The Contractor and Shearing: 

Suite 250 1090 West Georgia Street, 

Vancouver, British Columbia 

Canada, V6E 3V1 

Email- rshearing@sohoresources.ca

Fax: 604. 684. 8071 

7.3 

Any party may change its address for service of notice by written notice to the other party. 

Article 8 

General Provisions

8.1 

This Agreement evidences the entire agreement between the parties and cannot be changed, modified, or supplemented except by a written supplementary agreement executed by both parties. 

8.2 

This Agreement shall enure to and be binding upon the Company and its successors and the Contractor and his successors but otherwise shall not be assignable without the written consent of the other party. 

8.3 

This Agreement shall be governed by and construed in accordance with the laws of the Province of British Columbia, and the parties irrevocably attorney to the exclusive jurisdiction of the courts of British Columbia with respect to any legal proceedings arising herefrom. 

8.4 

If any provision of this Agreement is judicially determined to be void, illegal or unenforceable, such provision shall be ineffective to the extent of such voidness, illegality or unenforceability, but without invalidating or affecting the validity or enforceability of any remaining provisions of this Agreement. 

8.5 

In this Agreement, the singular includes the plural and the plural includes the singular, and any reference to a gender includes the other gender. 

8.6 

No waiver by either party to this Agreement of any default in performance on the part of the other party and no waiver by either party of any breach or of a series of breaches of any of the terms, covenants or conditions of this Agreement shall constitute a waiver of any subsequent or continuing breach of such terms, covenants or conditions.

6

NORMAN CAY DEVELOPMENT, INC.

Dean Huge

/s/ Dean Huge

Title: Chief Financial Officer

DEAN HUGE

Dean Huge

(Authorized Signatory)

CMB INVESTMENTS, LTD

Ralph Shearing

/s/ Ralph Shearing

Title: President

RALPH SHEARING

Ralph Shearing

(Authorized Signatory)

_____________________________________________________

Title:

_____________________________________________________

(Authorized Signatory)

SIGNED, SEALED AND DELIVERED by 

RAPLH SHEARING in the presence of: 

/s/ Vilma Martinez

/s/ Ralph Shearing

Witness

RALPH SHEARING

Vilma Martinez

Name

50-12677 63rd Avenue

Surrey, BC V3X3T3

Address 

Wiring Instructions for US Funds going to

 CMB Investments Ltd.

		
	Name of Bank:

	Bank of Montreal

	Address of Bank:

	First Bank Tower 

595 Burrard St.

Vancouver, British Columbia

Canada, V7X 1L7

	Telephone number and contact:

	(604) 665-7554 - 

Helen Yang

	Swift Code

	BOFMCAM2

	Institution number:

	001

	Transit Number:

	00040

	Name of Beneficiary:

	CMB Investments Ltd.

	Address of Beneficiary: 

	250-1090 West Georgia St.

Vancouver, BC V6E 3V7

	Account Number of Beneficiary

	4618 530

7Exhibit 10.1 Musumeci Consulting Agreement, Addendum 1 and Amendment 1

Exhibit 10.1    

CONSULTING AGREEMENT
This Consulting Agreement (“Agreement”), executed this 13th day of June, 2011 and effective June 13, 2011 (such date, the “Effective Date”), is made by and between Peter M. Musumeci, Jr. (“Musumeci”), with address of 11 Milford Drive, Marlton, New Jersey 08053, and Metro Bancorp, Inc. and Metro Bank (collectively, “Metro”), each with an office located at 3801 Paxton Street, Harrisburg, PA 17111.
WHEREAS, Musumeci possesses expertise which has been and will be of assistance to Metro in the operation of its business, and Metro and Musumeci mutually desire to establish a consulting arrangement,
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, the parties hereto, intending to be legally bound hereby, agree as follows:
1.Scope of Service.  Musumeci shall provide consultation services to Metro on such matters as are within his particular area of knowledge and experience (“Services”), including the development and management of its lending activities, its credit culture and practices and the development of its executive management team, at such times as shall be mutually agreeable to Musumeci and Metro.
2.Independent Contractor.  Musumeci shall perform his services under this Agreement as an independent contractor.  Musumeci represents and warrants, as of the Effective Date, that he stands as an independent contractor in relation to Metro and that he is not a partner, officer, agent, servant or employee of Metro.  Musumeci further represents and warrants that he shall assume all obligations and duties of paying the income taxes due as a result of the fees Metro pays to Musumeci hereunder and that he shall hold Metro harmless from all liabilities, actions, suits, audits, assessments, or other claims made or brought by any taxing authorities arising out of or related to any failure by Musumeci to pay any taxes due on the fees paid to him hereunder and from reasonable attorneys' fees and costs in defending against the same. 
3.Fees.  Metro shall pay to Musumeci a monthly fee of $16,000, in arrears, and shall reimburse Musumeci for all reasonable costs and expenses in accordance with Section 4. 
4.Invoicing and Payment.  Unless otherwise agreed, Musumeci will invoice Metro for all charge and reimbursable items on a monthly basis in arrears.  Metro agrees to pay the invoiced amount of all reasonable expenses incurred by Musumeci in accordance herewith in full within thirty (30) days of the date of each invoice.  
5.Term, Termination, and Cancellation.  This Agreement will commence on the Effective Date and will remain and continue in full force and effect, unless terminated by either party as set forth below.  Termination of this Agreement may occur upon any of the following:
(a)    Sixty (60) days after a party's receipt of written notice from the other party that this Agreement shall be terminated; or
(b)    Seven (7) days after one party notifies the other (“Receiving Party”) in writing that the Receiving Party is in breach or default of this Agreement, unless the Receiving Party cures such breach or default within such seven (7) day period; or
(c)    Fifteen (15) days after the filing of a petition in bankruptcy by or against either party, any insolvency of a party, any appointment of a receiver for such party, or any assignment for the 

benefit of such party's creditors (a “Bankruptcy Event”), unless such party cures such Bankruptcy Event within the fifteen (15) day period.
In all events, Metro shall be liable for full payment for Services rendered through the date of termination and for the reimbursement of expenses, in accordance with Section 4 hereof, incurred through the date of termination.
6.Working Arrangements.  
(a)    Services performed by Musumeci will be performed either on Metro's premises or remotely.  Musumeci will make the determination of the best fashion to perform the Services.  Metro shall provide the following to Musumeci: (i) a suitable and adequate work environment, including space for work and equipment for performance of the Services; (ii) access to and use of Metro's facilities and relevant information, (iii) timely assistance and support in the delivery of his Services.  
(b)    Metro will ensure that all Metro's personnel who may be necessary or appropriate for the successful delivery of the Services will, on reasonable notice: (i) be available to assist Musumeci by answering business, technical and operational questions and providing requested documents, guidelines and procedures in a timely manner; (ii) participate in the Services as reasonably necessary (iii) be available to assist Musumeci with any other activities or tasks required to complete the Services.
7.Non-Solicitation, Non-Competition.  Musumeci agrees not to directly or indirectly solicit or offer employment to any Metro employee, or to Compete with Metro, during the term of this Agreement.  “Compete” means the initial solicitation on behalf of any other financial institution of the loan, deposit or cash management business of any person or entity who is, during the term of this Agreement, a customer of Metro.
8.Confidential Information.  Musumeci acknowledges that in the course of providing Services for Metro hereunder, Musumeci will receive and have access to Confidential Information (as defined below) of Metro.  Any and all Confidential Information in any form or media obtained by Musumeci shall be held in confidence and shall not be copied, reproduced, or disclosed to third parties for any purpose whatsoever except as necessary in connection with the Services provided under this Agreement.  Musumeci further acknowledges that he shall not use such Confidential Information for any purposes other than in connection with the activities contemplated by this Agreement.  Without limiting the generality of the foregoing, Musumeci agrees not to disclose to any third party information regarding any person or entity that is, or was at any time, during the term of this Agreement a customer of Metro or who, during the term of this Agreement, applied to or requested from Metro loan, deposit or cash management services.
“Confidential Information” means any and all confidential information of Metro, including, but not limited to, information regarding the customers or prospective customers of Metro, research, development, proprietary software, technical information, techniques, know-how, trade secrets, processes, customers, employees, consultants, pricing information and financial and business information, plans and systems.  Confidential Information shall not include information which:  (a) was known to Musumeci prior to the time of disclosure by Metro (except for nonpublic information regarding the customers or prospective customers of Metro); (b) at the time of disclosure is generally available to the public or after disclosure becomes generally available to the public through no breach of agreement or other wrongful act by Musumeci; (c) was lawfully received by Musumeci from a third party without any obligation of confidentiality; or (d) is required to be disclosed by law or order of a court of competent jurisdiction or regulatory authority.
The obligations set forth in this Section shall survive termination of this Agreement for a period of three (3) years thereafter.

9.Limitation of Liability.  In no event shall Musumeci be liable to Metro for special, exemplary, incidental, or consequential damages (including, without limitation, lost revenues, profits, savings or business) in connection with the Services, whether or not the possibility of such damages has been disclosed to Musumeci in advance or could have been reasonably foreseen by Musumeci, and whether in an action based on contract, warranty, strict liability, tort (including, without limitation, negligence) or otherwise. The limitations on liability specified in this Section will survive and apply even if any limited remedy herein is found to have failed of its essential purpose. 
10.Notices.  All notices, demands and other communications required or permitted hereunder or in connection herewith shall be in writing and shall be deemed to have been duly given on the date of any personal delivery, one day after sending the notice with a nationally recognized overnight courier or three days after sending the notice by first class mail, return receipt requested, to a party at the address for such party set forth in the first paragraph of this Agreement, or to such other address as such party may hereafter specify by notice. 
11.SEC Filing.  Musumeci acknowledges and agrees that Metro may be required to file reports with the Securities and Exchange Commission disclosing the existence of this Agreement, summarizing the terms hereof and/or attaching a copy hereof, and consents to such filings.
12.Miscellaneous.  This Agreement, and all of the rights and remedies of the parties in relation thereto, will be governed by the laws of the Commonwealth of Pennsylvania, without reference to the principles of conflicts of law. Neither party may assign or otherwise transfer any of its rights, duties or obligations under this Agreement without the prior written consent of the other party.  Metro, however, without any requirement for prior consent by Musumeci, may assign this Agreement and its rights hereunder to any party or entity who succeeds (by purchase, merger, operation of law or otherwise) to all or substantially all of the capital stock, assets or business of Metro, if the succeeding party or entity agrees in writing to assume and be bound by all of the obligations of such party under this Agreement. This Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective successors and permitted assignees. This Agreement may be modified only by a written amendment executed by both parties. If any provision in this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, then such provision shall be severed from this Agreement and the remaining provisions will continue in full force. This Agreement may be executed in several counterparts, each of which will be deemed an original, and all of which taken together will constitute one single agreement between the parties with the same effect as if all the signatures were upon the same instrument. This Agreement constitutes the complete and exclusive statement of the agreement between the parties and supersedes all proposals, oral or written, and all other prior or contemporaneous communications between the parties relating to the subject matter herein.
[Remainder of page intentionally blank - signature page follows]

[SIGNATURE PAGE FOR CONSULTING AGREEMENT AND RELEASE]
IN WITNESS WHEREOF, the parties hereto have executed or caused this Agreement to be executed by their duly authorized representatives as of the day and year first above written.
METRO BANCORP, INC.

By:    /s/ Gary L. Nalbandian                
Name:      Gary L. Nalbandian

Title:

June 13, 2011        
Date

METRO BANK

By:    /s/ Gary L. Nalbandian                
Name:      Gary L. Nalbandian

Title:

June 13, 2011        
Date 

/s/ Peter M. Musumeci, Jr.                    
     Peter M. Musumeci, Jr.

June 13, 2011        
Date

ADDENDUM NO. 1 TO CONSULTING AGREEMENT 
This Addendum No. 1 to Consulting Agreement (“First Consulting Agreement Addendum”), effective as of October 17, 2011, is incorporated by reference in, appended to and made a part of the Consulting Agreement, dated June 13, 2011 (“Consulting Agreement”), executed by Metro Bank (“Metro”) and Peter M. Musumeci, Jr.(“Consultant”).
1.In addition to any other confidentiality terms and conditions contained in the Consulting Agreement, Consultant agrees that with respect to any and all  consumer information, information regarding the customers of Metro or its affiliates, and information regarding persons or entities who or which have requested or applied for services from Metro or any of its affiliates, to which Consultant has access in connection with the services Consultant is providing to Metro pursuant to the Consulting Agreement (collectively, “Customer Information”), to maintain and protect the confidentiality and security of such Customer Information in accordance with all applicable federal, state and local statutes and regulations relating to the privacy of consumer and customer information, including but not necessarily limited to the provisions of Title V of the Gramm-Leach-Bliley Act (15 U.S.C. §6801, et seq.) and the regulations promulgated thereunder, the Right to Financial Privacy Act (12 U.S.C. §3401, et seq.), any replacements or amendments thereof, and any similar state laws.  

2.This First Consulting Agreement Addendum shall be incorporated into and made a part of the Consulting Agreement.  To the extent that the terms of the Consulting Agreement and this First Consulting Agreement Addendum conflict, the terms of this First Consulting Agreement Addendum shall control.

Metro and Consultant have executed or caused their duly authorized representatives to execute this First Consulting Agreement Addendum, intending to be legally bound, as of the date set forth in the first paragraph hereof.
                                	
	
	METRO BANK

	 

	By: /s/ Percival B. Moser, III

	Name: Percival B. Moser, III

	Title: Chief Operating Officer

	 

	CONSULTANT:

	 

	/s/ Peter M. Musumeci, Jr.

	Peter M. Musumeci, Jr.

	Title: Consultant

AMENDMENT NO. 1 TO CONSULTING AGREEMENT
This Amendment No. 1 to Consulting Agreement (“First Modification”), executed this 8th day of February, 2012, is made by and between Peter M. Musumeci, Jr. (“Musumeci”), with an address of 11 Milford Drive, Marlton, New Jersey 08053, and Metro Bancorp, Inc. and Metro Bank (collectively, “Metro”), each with an office located at 3801 Paxton Street, Harrisburg, PA 17111.
RECITALS:
A.Metro and Musumeci are parties to a Consulting Agreement dated June 13, 2011 and an Addendum No. 1 to Consulting Agreement dated October 17, 2011 (collectively, the “Agreement”).

B.The parties wish to modify the Agreement.

TERMS OF FIRST MODIFICATION:
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, the parties hereto, intending to be legally bound hereby, agree as follows:
1.Modification of Section 3.  Section 3 of the Agreement is hereby modified to provide, in its entirety, as follows:

Fees.  Metro shall pay to Musumeci a monthly fee of $12,000, in arrears, and shall reimburse Musumeci for all reasonable costs and expenses in accordance with Section 4. 
2.No Other Changes.  Except as specifically modified herein, the terms and conditions of the Agreement remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed or caused this First Modification to be executed by their duly authorized representatives as of the day and year first above written.
	
	
	METRO BANCORP, INC.

	 

	By: /s/ Gary L. Nalbandian

	Gary L. Nalbandian, Chairman, President and Chief Executive Officer

	 

	METRO BANK

	 

	By: /s/ Gary L. Nalbandian

	Gary L. Nalbandian, Chairman, President and Chief Executive Officer

	 

	CONSULTANT:

	 

	/s/ Peter M. Musumeci, Jr.

	Peter M. Musumeci, Jr.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]