Document:

EX-10.12

 Exhibit 10.12 

Execution Version 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made as of May 11, 2017 by and between Solaris Oilfield
Infrastructure, Inc., a Delaware corporation (the “Company”), and A. James Teague (“Indemnitee”). 

RECITALS: 

WHEREAS, directors, officers and other persons in service to corporations or business enterprises are subjected to expensive and
time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the Company or business enterprise itself; 

WHEREAS, highly competent persons have become more reluctant to serve as directors, officers or in other capacities unless they are provided
with adequate protection through insurance and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation; 

WHEREAS, the Board of Directors of the Company (the “Board”) has determined that the increased difficulty in
attracting and retaining such persons is detrimental to the best interests of the Company and its stockholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future; 

WHEREAS, (i) the Amended and Restated Bylaws of the Company (as may be amended, the “Bylaws”) requires
indemnification of the officers and directors of the Company (ii) Indemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (“DGCL”) and (iii) the Bylaws and
the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive and thereby contemplate that contracts may be entered into between the Company and members of the Board, officers and other persons with respect to
indemnification; 
 WHEREAS, this Agreement is a supplement to and in furtherance of the Bylaws and the Amended and Restated Certificate of
Incorporation of the Company (as may be amended, the “Certificate of Incorporation”) and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefore, nor
to diminish or abrogate any rights of Indemnitee thereunder; and 
 WHEREAS, (i) Indemnitee does not regard the protection available
under the Bylaws and insurance as adequate in the present circumstances, (ii) Indemnitee may not be willing to serve or continue to serve as a director or officer of the Company without adequate protection, (iii) the Company desires
Indemnitee to serve in such capacity, and (iv) Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that Indemnitee be so indemnified. 

 AGREEMENT: 

NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree
as follows: 
 Section 1.    Definitions. (a) As used in this Agreement: 

“Corporate Status” describes the status of a person who is or was a director, officer, employee
or agent of (i) the Company or (ii) any other corporation, limited liability company, partnership or joint venture, trust, employee benefit plan or other enterprise which such person is or was serving at the request of the Company. 

“Disinterested Director” shall mean a director of the Company who is not and was not a party to
the Proceeding in respect of which indemnification is sought by Indemnitee. 
 “Enterprise” shall mean the Company
and any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, trustee, agent
or fiduciary. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

 “Expenses” shall mean all reasonable costs, expenses, fees and charges, including, without limitation,
attorneys’ fees, document and e-discovery costs, litigation expenses, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding
costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be
a witness in, or otherwise participating in, a Proceeding. Expenses also shall include, without limitation, (i) expenses incurred in connection with any appeal resulting from, incurred by Indemnitee in connection with, arising out of, or in
respect of or relating to, any Proceeding, including, without limitation, the premium, security for, and other costs relating to any cost bond, supersedes bond, or other appeal bond or its equivalent, (ii) for purposes of Section 12(d)
hereof only, expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise, (iii) any federal, state, local or foreign taxes imposed on
Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, and (iv) any interest, assessments or other charges in respect of the foregoing. “Expenses” shall not include “Liabilities.” 

“Indemnity Obligations” shall mean all obligations of the Company to Indemnitee under this
Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement. 

“Independent Counsel” shall mean a law firm of fifty (50) or more attorneys, or a member of
a law firm of fifty (50) or more attorneys, that is experienced in matters of corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the Company or Indemnitee in any matter
material to either such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim
for indemnification hereunder; provided, however, that the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in
representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 

  
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 “Liabilities” shall mean all claims, liabilities, damages, losses,
judgments, orders, fines, penalties and other amounts payable in connection with, arising out of, or in respect of or relating to any Proceeding, including, without limitation, amounts paid in settlement in any Proceeding and all costs and expenses
in complying with any judgment, order or decree issued or entered in connection with any Proceeding or any settlement agreement, stipulation or consent decree entered into or issued in settlement of any Proceeding. 

“Person” shall mean any individual, corporation, partnership, limited partnership, limited liability company, trust,
governmental agency or body or any other legal entity. 
 “Proceeding” shall mean any threatened, pending or
completed action, claim, suit, arbitration, alternate dispute resolution mechanism, formal or informal hearing, inquiry or investigation, litigation, inquiry, administrative hearing or any other actual, threatened or completed judicial,
administrative or arbitration proceeding (including, without limitation, any such proceeding under the Securities Act of 1933, as amended, or the Exchange Act or any other federal law, state law, statute or regulation), whether brought in the right
of the Company or otherwise, and whether of a civil, criminal, administrative or investigative nature, in each case, in which Indemnitee was, is or will be, or is threatened to be, involved as a party, witness or otherwise by reason of the fact that
Indemnitee is or was a director or officer of the Company, by reason of any actual or alleged action taken by Indemnitee (or a failure to take action by Indemnitee) or of any action (or inaction) on Indemnitee’s part while acting as director or
officer of the Company, or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, trustee, employee or agent of another corporation, limited liability company, partnership, joint venture, trust
or other enterprise, in each case whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement can be provided under this Agreement. 

(b)    For the purpose hereof, references to “fines” shall include any excise tax assessed with respect to any
employee benefit plan; references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by, such director, officer,
employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a Person who acted in good faith and in a manner such Person reasonably believed to be in the best interests of the participants and beneficiaries of
an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 

Section 2.    Indemnity in Third-Party
Proceedings. The Company shall indemnify and hold harmless Indemnitee, to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or reasonably incurred (and, in the case of retainers,
reasonably expected to be incurred) by Indemnitee or on Indemnitee’s behalf in connection with any Proceeding (other than any Proceeding brought by or in the right of the Company to procure a judgment in its favor, which is provided for in
Section 3 below), or any claim, issue or matter therein. 

  
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 Section 3.    Indemnity in
Proceedings by or in the Right of the Company. The Company
shall indemnify and hold harmless Indemnitee, to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or incurred (and, in the case of retainers, reasonably expected to be incurred) by Indemnitee or
on Indemnitee’s behalf in connection with any Proceeding brought by or in the right of the Company to procure a judgment in its favor, or any claim, issue or matter therein. No indemnification for Expenses shall be made under this Section
3 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that the Delaware Court of Chancery or any court in which the Proceeding was
brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification. 

Section 4.    Indemnification for Expenses
of a Party Who is Wholly or Partly Successful. Notwithstanding
any other provisions of this Agreement, and without limiting the rights of Indemnitee under any other provision hereof, including any rights to indemnification pursuant to Sections 2 or 3 hereof, to the fullest
extent permitted by applicable law, to the extent that Indemnitee is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify Indemnitee against
all Expenses actually and reasonably incurred (and, in the case of retainers, reasonably expected to be incurred) by Indemnitee or on Indemnitee’s behalf in connection with each successfully resolved Proceeding, claim, issue or matter. For
purposes of this Section 4 and without limitation, the termination of any Proceeding or claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or
matter. 
 Section 5.    Indemnification For Expenses
of a Witness. Notwithstanding any other provision of this Agreement, to the fullest extent permitted by applicable law and to the extent that Indemnitee is, by reason of Indemnitee’s
Corporate Status, a witness or otherwise a participant, including by a request to respond to discovery requests, receipt of a subpoena or similar demand for documents or testimony, in any Proceeding to which Indemnitee is not a party and is not
threatened to be made a party, Indemnitee shall be indemnified against all Expenses suffered or incurred (or, in the case of retainers, reasonably expected to be incurred) by Indemnitee or on Indemnitee’s behalf in connection therewith. 

Section 6.    Additional Indemnification. Notwithstanding any limitation in
Sections 2, 3 or 4 hereof, the Company shall indemnify Indemnitee to the fullest extent permitted by applicable law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a
Proceeding by or in the right of the Company to procure a judgment in its favor) against all Liabilities and Expenses suffered or reasonably incurred (and, in the case of retainers, reasonably expected to be incurred) by Indemnitee in connection
with such Proceeding, including but not limited to: 
 (a)    the fullest extent permitted by the provision of the DGCL
that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of the DGCL; and 

  
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 (b)    the fullest extent authorized or permitted by any amendments to or
replacements of the DGCL adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 

Section 7.    Exclusions. Notwithstanding any provision in this Agreement, the Company shall not be
obligated under this Agreement to indemnify or hold harmless Indemnitee, or, in the case of (a) and (d), to advance Expenses to Indemnitee: 

(a)    for which payment has actually been made to or on behalf of Indemnitee under any insurance policy obtained by the
Company except with respect to any excess beyond the amount paid under such insurance policy; 
 (b)    for an
accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Exchange Act or similar provisions of state statutory law or common law; 

(c)    for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based or equity-based
compensation or of any profits realized by Indemnitee from the sale of securities of the Corporation, as required in each case under the Exchange Act (including any such reimbursements that arise from an accounting restatement of the Corporation
pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Corporation of profits arising from the purchase and sale by Indemnitee of securities in
violation of Section 306 of the Sarbanes-Oxley Act), if Indemnitee is held liable therefor (including pursuant to any settlement arrangements) or in respect of claw-back provisions promulgated under the rules and regulations of the Securities
and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act; 
 (d)    except as
provided in Section 12(d) of this Agreement, in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee, against the Company or
its directors, officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation, (ii) the Company provides the indemnification, in its sole discretion,
pursuant to the powers vested in the Company under applicable law or (iii) such Proceeding is being brought by Indemnitee to assert, interpret or enforce Indemnitee’s rights under this Agreement (for the avoidance of doubt, Indemnitee
shall not be deemed, for purposes of this subsection, to have initiated or brought any claim by reason of (A) having asserted any affirmative defenses in connection with a claim not initiated by Indemnitee or (B) having made any
counterclaim (whether permissive or mandatory) in connection with any claim not initiated by Indemnitee); or 

(e)    if a final decision by a court having jurisdiction in the matter that is not subject to appeal shall determine that
such indemnification is not lawful. 
 Section 8.    Advancement. In accordance with the pre-existing requirements of the Bylaws, and notwithstanding any provision of this Agreement to the contrary, the Company shall advance, to the extent not prohibited by applicable law, the Expenses and Liabilities
reasonably incurred by Indemnitee in connection with any Proceeding, and such advancement shall be made 

  
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within ten (10) days after the receipt by the Company of a statement or statements requesting such advances from time to time, whether prior to or after final disposition of any Proceeding.
Advances shall be unsecured and interest free. Advances shall be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of
this Agreement. Advances shall include any and all Expenses reasonably incurred pursuing an action to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the Company to support the advances claimed.
Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement, which shall constitute an undertaking providing that Indemnitee undertakes to repay the amounts advanced to the extent that it is ultimately
determined by final judicial decision from which there is no further right to appeal that the Indemnitee is not entitled to be indemnified by the Company. Nothing in this Section 8 shall limit Indemnitee’s right to advancement pursuant
to Section 12(d) of this Agreement. This Section 8 shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Sections 7(a) or (d) hereof. 

Section 9.    Procedure for Notification
and Defense of Claim. 

(a)    Indemnitee shall promptly notify the Company in writing of any Proceeding with respect to which Indemnitee intends
to seek indemnification or advancement hereunder following the receipt by Indemnitee of written notice thereof (the date of such notification, the “Submission Date”). The written notification to the
Company shall include a description of the nature of the Proceeding and the facts underlying the Proceeding. To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith
such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of such Proceeding, including
any appeal therein. Any delay or failure by Indemnitee to notify the Company hereunder will not relieve the Company from any liability which it may have to Indemnitee hereunder or otherwise than under this Agreement, and any delay or failure in so
notifying the Company shall not constitute a waiver by Indemnitee of any rights under this Agreement. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has
requested indemnification. 
 (b)    In the event Indemnitee is entitled to indemnification and/or advancement with
respect to any Proceeding, Indemnitee may, at Indemnitee’s option, (i) retain counsel (including local counsel) selected by Indemnitee and approved by the Company to defend Indemnitee in such Proceeding, at the sole expense of the Company
(which approval shall not be unreasonably withheld, conditioned or delayed), or (ii) have the Company assume the defense of Indemnitee in such Proceeding, in which case the Company shall assume the defense of such Proceeding with counsel
selected by the Company and approved by Indemnitee (which approval shall not be unreasonably withheld, conditioned or delayed) within ten (10) days of the Company’s receipt of written notice of Indemnitee’s election to cause the
Company to do so. If the Company is required to assume the defense of any such Proceeding, it shall engage legal counsel for such defense, and the Company shall be solely responsible for all fees and expenses of such legal counsel and otherwise of
such defense. Such legal counsel may represent both Indemnitee and the Company (and any other party or parties entitled to be indemnified by the 

  
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Company with respect to such matter) unless, in the reasonable opinion of legal counsel to Indemnitee, there is a conflict of interest between Indemnitee and the Company (or any other such party
or parties) or there are legal defenses available to Indemnitee that are not available to the Company (or any such other party or parties). Notwithstanding either party’s assumption of responsibility for defense of a Proceeding, each party
shall have the right to engage separate counsel at its own expense. If the Company has responsibility for defense of a Proceeding, the Company shall provide the Indemnitee and its counsel with all copies of pleadings and material correspondence
relating to the Proceeding. Indemnitee and the Company shall reasonably cooperate in the defense of any Proceeding with respect to which indemnification is sought hereunder, regardless of whether the Company or Indemnitee assumes the defense
thereof. Indemnitee may not settle or compromise any Proceeding without the prior written consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. The Company may not settle or compromise any Proceeding
without the prior written consent of Indemnitee. 
 Section 10.    Procedure
Upon Application for Indemnification. 

(a)    Upon written request by Indemnitee for indemnification pursuant to Section 9(a) hereof, if any
determination by the Company is required by applicable law with respect to Indemnitee’s entitlement thereto, such determination shall be made (i) if Indemnitee shall request such determination be made by Independent Counsel, by Independent
Counsel, and (ii) in all other circumstances, (A) by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of the
Disinterested Directors, even though less than a quorum of the Board, (C) if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which
shall be delivered to Indemnitee, or (D) if so directed by the Board, by the stockholders of the Company holding a majority of the securities of the Company entitled to vote; and, if it is so determined that Indemnitee is entitled to
indemnification, payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to
indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee
and reasonably necessary to such determination. Any Expenses incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall, to the fullest extent permitted by law, be borne by the Company (irrespective
of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. The Company will not deny any written request for indemnification hereunder made in
good faith by Indemnitee unless a determination as to Indemnitee’s entitlement to such indemnification described in this Section 10(a) has been made. The Company agrees to pay the reasonable fees and expenses of the Independent
Counsel referred to above and to fully indemnify such counsel against any and all Liabilities and Expenses arising out of or relating to this Agreement or its engagement pursuant hereto. 

(b)    In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to
Section 10(a) hereof, (i) the Independent Counsel 

  
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shall be selected by the Company within ten (10) days of the Submission Date (the cost of such Independent Counsel to be paid by the Company), (ii) the Company shall give written notice
to Indemnitee advising it of the identity of the Independent Counsel so selected and (iii) Indemnitee may, within ten (10) days after such written notice of selection shall have been given, deliver to the Company Indemnitee’s written
objection to such selection. Such objection by Indemnitee may be asserted only on the ground that the Independent Counsel selected does not meet the requirements of “Independent Counsel” as defined in this Agreement. If such written
objection is made and substantiated, the Independent Counsel selected shall not serve as Independent Counsel unless and until Indemnitee withdraws the objection or a court has determined that such objection is without merit. Absent a timely
objection, the person so selected shall act as Independent Counsel. If no Independent Counsel shall have been selected and not objected to before the later of (A) thirty (30) days after the Submission Date and (B) ten (10) days
after the final disposition of the Proceeding, including any appeal therein, each of the Company and Indemnitee shall select a law firm or member of a law firm meeting the qualifications to serve as Independent Counsel, and such law firms or members
of law firms shall select the Independent Counsel. 
 Upon the due commencement of any judicial proceeding or arbitration pursuant to
Section 12(a) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 

Section 11.    Presumptions and Effect
of Certain Proceedings. 
 (a)    In making a determination
with respect to entitlement to indemnification hereunder, the person, persons or entity making such determination shall, to the fullest extent not prohibited by applicable law, presume that Indemnitee is entitled to indemnification under this
Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a) of this Agreement, and the Company shall, to the fullest extent not prohibited by applicable law, have the burden of proof to overcome
that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. Neither the failure of the Company (including by its directors or Independent Counsel) to have made a determination
prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by its
directors or Independent Counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 

(b)    Subject to Section 12(d) hereof, if the person, persons or entity empowered or selected under
Section 10 of this Agreement to determine whether Indemnitee is entitled to indemnification shall not have made a determination within sixty (60) days after receipt by the Company of the request therefore, the requisite
determination of entitlement to indemnification shall, to the fullest extent not prohibited by applicable law, be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent a prohibition of such indemnification under
applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional thirty (30) days, if (i) the

  
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determination is to be made by Independent Counsel and Indemnitee objects to the Company’s selection of Independent Counsel and (ii) the Independent Counsel ultimately selected requires
such additional time for the obtaining or evaluating of documentation or information relating thereto; provided further, however, that such 60-day period may also be extended for a reasonable time, not to
exceed an additional sixty (60) days, if the determination of entitlement to indemnification is to be made by the stockholders of the Company. 

(c)    The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or
conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in
good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct
was unlawful. 
 (d)    Reliance as Safe
Harbor. For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the Enterprise, including financial
statements, or on information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an
independent certified public accountant or by an appraiser or other expert selected with the reasonable care by the Enterprise. The provisions of this Section 11(d) shall not be deemed to be exclusive or to limit in any way the other
circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 

(e)    Actions of Others. The knowledge or actions, or failure to
act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

Section 12.    Remedies of Indemnitee. 

(a)    Subject to Section 12(d) hereof, in the event that (i) a determination is made pursuant to
Section 10 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement is not timely made pursuant to Section 8 of this Agreement, (iii) no determination of
entitlement to indemnification shall have been timely made pursuant to Section 10(a) of this Agreement within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not
made pursuant to Sections 4 or 5 or the third to the last sentence of Section 10(a) of this Agreement within ten (10) days after receipt by the Company of a written request therefor, (v) payment of indemnification pursuant to
Sections 2, 3 or 6 of this Agreement is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, or (vi) in the event that the Company or any other Person takes
or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or proceeding designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided to
Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of Indemnitee’s entitlement to such indemnification or advancement. Alternatively, Indemnitee, at 

  
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Indemnitee’s option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. The Company
shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 
 (b)    In the event
that a determination shall have been made pursuant to Section 10(a) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be
conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12
the Company shall have the burden of proving Indemnitee is not entitled to indemnification or advancement, as the case may be. 

(c)    If a determination shall have been made pursuant to Section 10(a) of this Agreement that Indemnitee is
entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent a prohibition of such indemnification under applicable law. 

(d)    The Company shall, to the fullest extent not prohibited by applicable law, be precluded from asserting in any
judicial proceeding or arbitration commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator
that the Company is bound by all the provisions of this Agreement. It is the intent of the Company that Indemnitee not be required to incur Expenses associated with the interpretation, enforcement or defense of Indemnitee’s rights under this
Agreement by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to Indemnitee hereunder. The Company shall indemnify Indemnitee against any and all Expenses and, if
requested by Indemnitee, shall (within ten (10) days after receipt by the Company of a written request therefore) advance, to the extent not prohibited by applicable law, such Expenses to Indemnitee, which are incurred by Indemnitee in
connection with any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or the Bylaws, or under any directors’ and officers’ liability insurance policies maintained by the Company,
regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement or insurance recovery, as the case may be. 

(e)    Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification
under this Agreement shall be required to be made prior to the final disposition of the Proceeding, including any appeal therein; provided that, in absence of any such determination with respect to such Proceeding, the Company shall advance Expenses
with respect to such Proceeding. 

Section 13.    Non-Exclusivity;
Survival of Rights; Insurance; Subrogation. 

(a)    The rights of indemnification and to receive advancement as provided by this Agreement shall not be deemed exclusive
of any other rights to which Indemnitee may at any time be entitled under applicable law, the Certificate of Incorporation, the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment,

  
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alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee
in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal. The Company shall not adopt any amendment or alteration to, or repeal of, the Certificate of Incorporation or the Bylaws, the effect of which would be to deny,
diminish or encumber the Indemnitee’s rights to indemnification pursuant to this Agreement, the Certificate of Incorporation, the Bylaws or applicable law relative to such rights prior to such amendment, alteration or repeal. To the extent that
a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement than would be afforded currently under the Bylaws or this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy
by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other
right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right
or remedy. 
 (b)    The Company hereby acknowledges that Indemnitee may have certain rights to indemnification,
advancement and insurance provided by one or more Persons with whom or which Indemnitee may be associated. The Company hereby acknowledges and agrees that (i) the
Company shall be the indemnitor of first resort with respect to any Proceeding, Expense, Liability or matter that is
the subject of the Indemnity Obligations, (ii) the Company shall be primarily liable for all Indemnity Obligations
and any indemnification afforded to Indemnitee in respect of any Proceeding, Expense, Liability or matter that is the
subject of Indemnity Obligations, whether created by applicable law, organizational or constituent documents, contract (including this
Agreement) or otherwise, (iii) any obligation of any other Persons with whom or which Indemnitee may be
associated to indemnify Indemnitee or advance Expenses or Liabilities to Indemnitee in respect of any Proceeding shall be
secondary to the obligations of the Company hereunder, (iv) the Company shall be required to indemnify Indemnitee
and advance Expenses or Liabilities to Indemnitee hereunder to the fullest extent provided herein without regard to any
rights Indemnitee may have against any other Person with whom or which Indemnitee may be associated or insurer of
any such Person and (v) the Company irrevocably waives, relinquishes and releases any other Person with whom or
which Indemnitee may be associated from any claim of contribution, subrogation or any other recovery of any kind in
respect of amounts paid by the Company hereunder. In the event any other Person with whom or which Indemnitee may be associated or their insurers advances or extinguishes any liability or loss
which is the subject of any Indemnity Obligation owed by the Company or payable under any Company insurance policy, the payor shall have a right of subrogation against the Company or its insurer or insurers for all amounts so paid which would
otherwise be payable by the Company or its insurer or insurers under this Agreement. In no event will payment of an Indemnity Obligation by any other Person with whom or which Indemnitee may be associated or their insurers affect the obligations of
the Company hereunder or shift primary liability for any Indemnity Obligation to any other Person with whom or which Indemnitee may be associated. Any indemnification, insurance or advancement provided by any other Person with whom or which
Indemnitee may be associated with respect to any liability arising as a result of Indemnitee’s Corporate Status or capacity as an officer or director of any Person is specifically in excess over any Indemnity Obligation of the Company or valid
and any collectible insurance (including but not limited to any malpractice insurance or professional errors and omissions insurance) provided by the Company under this Agreement. 

  
 11 

 (c)    The Company shall maintain an insurance policy or policies providing
liability insurance providing reasonable and customary coverage as compared with similarly situated companies (as determined by the Board in its reasonable discretion) for directors, officers, employees, trustees, or agents of any Enterprise, and
Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, officer, employee, trustee or agent under such policy or policies and such policies
shall provide for and recognize that the insurance policies are primary to any rights to indemnification, advancement or insurance proceeds to which Indemnitee may be entitled from one or more Persons with whom or which Indemnitee may be associated
to the same extent as the Company’s indemnification and advancement obligations set forth in this Agreement. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer liability
insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable
action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. 

(d)    In the event of any payment under this Agreement, the Company shall be subrogated to the rights of recovery of
Indemnitee, including rights of indemnification provided to Indemnitee from any other person or entity with whom Indemnitee may be associated; provided, however, that the Company shall not be subrogated to the extent of any such payment of all
rights of recovery of Indemnitee with respect to any Person with whom or which Indemnitee may be associated. 

(e)    The indemnification and contribution provided for in this Agreement will remain in full force and effect regardless
of any investigation made by or on behalf of Indemnitee. 
 Section 14.    Duration
of Agreement; Not Employment Contract. This Agreement shall continue until and terminate upon the latest of: (i) ten (10) years after the
date that Indemnitee shall have ceased to serve as director, officer, employee or agent of the Company or any other Enterprise, (ii) one (1) year after the date of final termination of any Proceeding, including any appeal, then pending in
respect of which Indemnitee is granted rights of indemnification or advancement hereunder and of any proceeding, including any appeal, commenced by Indemnitee pursuant to Section 12 of this Agreement relating thereto or (iii) the
expiration of all statutes of limitation applicable to possible Proceedings to which Indemnitee may be subject arising out of Indemnitee’s Corporate Status. The indemnification provided under this Agreement shall continue as to the Indemnitee
even though he or she may have ceased to be a director or officer of the Company or of any of the Company’s direct or indirect subsidiaries or to have Corporate Status. This Agreement shall be binding upon the Company and its successors and
assigns and shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and administrators. The Company shall require and cause any successor, and any direct or indirect parent of any successor, whether direct or indirect by
purchase, merger, consolidation or otherwise, to all, substantially all or a substantial part, of the business and/or assets of the 

  
 12 

 
Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company
would be required to perform if no such succession had taken place. This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any other Enterprise) and Indemnitee. Indemnitee specifically
acknowledges that Indemnitee’s employment with the Company (or any of its subsidiaries or any other Enterprise), if any, is at will, and Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise
provided in any written employment contract between Indemnitee and the Company (or any of its subsidiaries or any other Enterprise), other applicable formal severance policies duly adopted by the Board, or, with respect to service as a director of
the Company, by the Certificate of Incorporation, the Bylaws or the DGCL. 

Section 15.    Severability. If any provision or provisions of this Agreement shall be held to be
invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing
any such provision held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by applicable
law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions
of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall be construed so as
to give effect to the intent manifested thereby. 
 Section 16.    Enforcement. 

(a)    The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations
imposed on it hereby in order to induce Indemnitee to serve as a director, officer, employee or agent of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, officer, employee or agent of
the Company. 
 (b)    This Agreement constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in
furtherance of the Certificate of Incorporation, the Bylaws and applicable law, and shall not be deemed a substitute therefore, nor diminish or abrogate any rights of Indemnitee thereunder. 

Section 17.    Modification and Waiver. No supplement,
modification or amendment of this Agreement shall be binding unless executed in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any other provision of this
Agreement nor shall any waiver constitute a continuing waiver. 
 Section 18.    Notices. All
notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered 

  
 13 

 
by hand and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or registered mail with postage prepaid, on the third
business day after the date on which it is so mailed, (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed or (d) sent by facsimile transmission, with
receipt of oral confirmation that such transmission has been received: 
  

	 	(i)	If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide to the Company. 

 

	 	(ii)	If to the Company to 

 Solaris Oilfield Infrastructure, Inc. 

9811 Katy Freeway, Suite 900 

Houston, Texas 77024 
 Attention:
Board of Directors 
 or to any other address as may have been furnished to Indemnitee by the Company. 

Section 19.    Contribution. To the fullest extent permissible under applicable law, if the
indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for Liabilities or for Expenses,
in connection with any Proceeding, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (a) the relative benefits received by the Company and Indemnitee as a result of
the event(s) and transaction(s) giving cause to such Proceeding; and (b) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and transaction(s). 

Section 20.    Applicable Law. This Agreement and the legal relations among the
parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. 

Section 21.    Counterparts. This Agreement may be executed in one or more counterparts, each of which
shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the
existence of this Agreement. 
 Section 22.    Miscellaneous. Use of the masculine pronoun shall be
deemed to include usage of the feminine pronoun where appropriate. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.

 [Signature Page Follows] 

  
 14 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year
first above written. 
  

									
	SOLARIS OILFIELD INFRASTRUCTURE, INC.	 		 	INDEMNITEE
					
	By:	 	 /s/ Kyle S. Ramachandran
	 		 	By:	 	 /s/ A. James Teague

	Name:	 	Kyle S. Ramachandran	 		 	Name:	 	A. James Teague
	Title:	 	Chief Financial Officer	 		 	Title:	 	Director

  
 SIGNATURE
PAGE TO INDEMNIFICATION AGREEMENTExhibit 10.1

 

 

VOTING AGREEMENT

 

This VOTING AGREEMENT, dated as of May 15,
2017 (this “Agreement”), is by and between Sandy Spring Bancorp, Inc., a Maryland corporation (“Parent”),
and the undersigned shareholder (the “Shareholder”) of WashingtonFirst Bankshares, Inc., a Virginia corporation
(the “Company”). Capitalized terms used herein and not defined shall have the meanings specified in the Merger
Agreement (as defined below).

 

WHEREAS, concurrently with the execution
of this Agreement, the Company, Parent and Touchdown Acquisition, Inc., a Virginia corporation and wholly-owned subsidiary of Parent
(“Merger Sub”), are entering into an Agreement and Plan of Merger (the “Merger Agreement”)
pursuant to which, among other transactions, (i) Merger Sub will merge with and into the Company on the terms and conditions set
forth therein, with the Company surviving such merger as a wholly-owned subsidiary of Parent (the “First-Step Merger”)
and (ii) immediately thereafter, the Company will merge with and into Parent, with Parent being the surviving corporation and,
in connection therewith, each share of the common stock, par value $0.01 per share, of the Company (“Company Common Stock”)
issued and outstanding immediately prior to the Effective Time will, without any further action on the part of the holder thereof,
be automatically converted into the right to receive the Merger Consideration as set forth in the Merger Agreement, subject to
the terms and conditions set forth therein;

 

WHEREAS, as of the date hereof, the Shareholder
is the beneficial owner of, has the sole right to dispose of and has the sole right to vote, the number of shares of
Company Common Stock set forth below the Shareholder’s signature on the signature page hereto (such Company Common Stock,
together with any other capital stock of the Company acquired by the Shareholder after the execution of this Agreement and over
which the Shareholder exercises the sole right of disposition and voting, whether acquired directly or indirectly, upon the exercise
of options, conversion of convertible securities or otherwise, and any other securities issued by the Company that are entitled
to vote on the approval the Merger Agreement held or acquired by the Shareholder (whether acquired heretofore or hereafter), being
collectively referred to herein as the “Shares”);

 

WHEREAS, obtaining the Requisite Company
Vote is a condition to the consummation of the transactions contemplated by the Merger Agreement; and

 

WHEREAS, as a condition and an inducement
to Parent’s willingness to enter into the Merger Agreement and incur the obligations set forth therein, Parent has required
that the Shareholder enter into this Agreement.

 

NOW, THEREFORE, in consideration of the
foregoing, the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows:

 

     

     

    

 

Section 1.              Agreement
to Vote; Restrictions on Voting and Dispositions.

 

(a)           Agreement
to Vote Company Common Stock. The Shareholder hereby irrevocably and unconditionally agrees that from the date hereof until
the Expiration Time (as defined below), at any meeting (whether annual or special and each adjourned or postponed meeting) of the
Company’s shareholders, however called, the Shareholder will (x) appear at such meeting or otherwise cause all of the
Shareholder’s Shares to be counted as present thereat for purposes of establishing a quorum and (y) vote or cause to be voted
all of such Shares, (1) in favor of the approval of the Merger Agreement, the First-Step Merger and the other transactions contemplated
by the Merger Agreement, (2) against any Acquisition Proposal, without regard to any recommendation to the shareholders of
the Company by the Board of Directors of the Company concerning such Acquisition Proposal, and without regard to the terms of such
Acquisition Proposal, or other proposal made in opposition to or that is otherwise in competition or inconsistent with the transactions
contemplated by the Merger Agreement, (3) against any agreement, amendment of any agreement (including the Company’s
articles of incorporation and bylaws), or any other action that is intended or would reasonably be expected to prevent, impede,
or interfere with, delay, postpone, or discourage the transactions contemplated by the Merger Agreement and (4) against any action,
agreement, transaction or proposal that would reasonably be expected to result in a breach of any representation, warranty, covenant,
agreement or other obligation of the Company in the Merger Agreement.

 

(b)           Restrictions
on Transfers. The Shareholder hereby agrees that, from the date hereof until the earlier of the receipt of the Requisite Company
Vote or the Expiration Time, the Shareholder shall not, and shall not enter into any agreement, arrangement or understanding to,
directly or indirectly, sell, offer to sell, give, pledge, grant a security interest in, encumber, assign, grant any option for
the sale of or otherwise transfer or dispose of (each, a “Transfer”) any Shares (i) other than in connection
with bona fide estate planning purposes to his or her affiliates (as defined in the Merger Agreement) or immediate family members;
provided that as a condition to such Transfer, such affiliate or immediate family member, as applicable, shall be required
to execute an agreement that is identical in form and substance to this Agreement; provided, further, that the Shareholder
shall remain jointly and severally liable for the breaches by any of his or her affiliates or immediate family members of the terms
of such identical agreement, (ii) except in connection with (A) the exercise of outstanding stock options in order to pay the exercise
price of such stock options or satisfy any withholding taxes triggered by such exercise or (B) the withholding or sale of the minimum
number of shares necessary to satisfy withholding taxes triggered by the vesting of outstanding restricted stock awards; or (iii)
by will or operation of law, in which case this Agreement shall bind the transferee. Any Transfer in violation of this Section
1(b) shall be null and void. The Shareholder further agrees to authorize and request the Company to notify the Company’s
transfer agent that there is a stop transfer order with respect to all of the Shares owned by the Shareholder.

 

(c)           Transfer
of Voting Rights. The Shareholder hereby agrees that the Shareholder shall not deposit any Shares in a voting trust, grant
any proxy or power of attorney or enter into any voting agreement or similar agreement, arrangement or understanding in contravention
of the obligations of the Shareholder under this Agreement with respect to any of the Shares.

 

(d)           Acquired
Shares. Any Shares or other voting securities of the Company with respect to which beneficial ownership and the sole rights
of disposition and voting are acquired by the Shareholder, including, without limitation, by purchase, as a result of a stock dividend,
stock split, recapitalization, combination, reclassification, exchange or change of such Shares or upon exercise or conversion
of any securities of the Company, if any, after the date hereof shall automatically become subject to the terms of this Agreement.

 

    	 	2	 

     

    

 

(e)           No
Inconsistent Agreements. The Shareholder hereby agrees that he or she shall not enter into any agreement, arrangement or understanding
with any person prior to the termination of this Agreement, directly or indirectly, to vote, grant a proxy or power of attorney
or give instructions with respect to the voting of the Shareholder’s Shares in any manner which is inconsistent with this
Agreement.

 

Section 2.               Representations,
Warranties and Covenants of the Shareholder.

 

(a)           Representations
and Warranties. The Shareholder represents and warrants to Parent as follows:

 

(i)          Capacity;
Consents. The Shareholder is an individual and has all requisite capacity, power and authority to enter into and perform his
or her obligations under this Agreement. No filing with, and no permit, authorization, consent or approval of, a Governmental Entity
is necessary on the part of the Shareholder for the execution, delivery and performance of this Agreement by the Shareholder or
the consummation by the Shareholder of the transactions contemplated hereby.

 

(ii)         Due
Execution. This Agreement has been duly executed and delivered by the Shareholder.

 

(iii)        Binding
Agreement. Assuming the due authorization, execution and delivery of this Agreement by Parent, this Agreement constitutes the
valid and binding agreement of the Shareholder, enforceable against the Shareholder in accordance with its terms (except in all
cases as such enforceability may be limited by the Enforceability Exceptions).

 

(iv)        Non-Contravention.
The execution and delivery of this Agreement by the Shareholder does not, and the performance by the Shareholder of his or her
obligations hereunder and the consummation by the Shareholder of the transactions contemplated hereby will not, violate or conflict
with, or constitute a default under, any agreement, instrument, contract or other obligation or any order, arbitration award, judgment
or decree to which the Shareholder is a party or by which the Shareholder or his or her property or assets is bound, or any statute,
rule or regulation to which the Shareholder or his or her property or assets is subject. Except as contemplated by this Agreement,
neither the Shareholder nor any of his or her affiliates (1) has entered into any voting agreement or voting trust with respect
to any Shares or entered into any other contract relating to the voting, transfer or disposition of the Shares or (2) has appointed
or granted a proxy or power of attorney with respect to any Shares.

 

(v)         Ownership
of Shares. Except for restrictions in favor of Parent pursuant to this Agreement, the Shareholder beneficially owns all of
the Shareholder’s Shares free and clear of any proxy or voting restriction, and has sole voting power and sole power of disposition
with respect to such Shares with no restrictions on the Shareholder’s rights of voting or disposition pertaining thereto,
and no person other than the Shareholder has any right to direct or approve the voting or disposition of any of the Shareholder’s
Shares. As of the date hereof, the number of the Shareholder’s Shares is set forth below the Shareholder’s signature
on the signature page hereto.

 

    	 	3	 

     

    

 

(vi)        Legal
Actions. There is no action, suit, investigation, complaint or other proceeding pending against the Shareholder or, to the
knowledge of the Shareholder, any other person or, to the knowledge of the Shareholder, threatened against the Shareholder or any
other person that restricts or prohibits (or, if successful, would restrict or prohibit) the exercise by Parent of its rights under
this Agreement or the performance by any party of its obligations under this Agreement.

 

(b)           Covenants.
From the date hereof until the Expiration Time:

 

(i)          The
Shareholder agrees not to take any action that would make any representation or warranty of the Shareholder contained herein untrue
or incorrect or have the effect of preventing, impeding, delaying, interfering with or adversely affecting the performance by the
Shareholder of his or her obligations under this Agreement.

 

(ii)         The
Shareholder hereby agrees to promptly notify Parent of the number of shares of Company Common Stock acquired by the Shareholder
and over which the Shareholder exercises sole rights of disposition and voting, if any, after the date hereof. Any such shares
shall be subject to the terms of this Agreement as though owned by the Shareholder on the date hereof and shall be deemed “Shares”
for all purposes hereof.

 

(iii)        The
Shareholder hereby authorizes Parent and the Company to publish and disclose in any announcement or disclosure required by applicable
law and any proxy statement or prospectus filed in connection with the transactions contemplated by the Merger Agreement the Shareholder’s
identity and ownership of the Shares and the nature of the Shareholder’s obligation under this Agreement.

 

Section 3.              Further
Assurances. From time to time, at the request of Parent and without further consideration, the Shareholder shall execute and
deliver such additional documents and take all such further action as may be necessary to consummate and make effective the transactions
contemplated by this Agreement.

 

Section 4.              Capacity.

 

(a)           The
Shareholder does not make any agreement or understanding herein as a director of the Company. The Shareholder signs this Agreement
solely in the Shareholder’s capacity as a beneficial owner of the Shares, and nothing herein shall limit or affect any actions
taken in the Shareholder’s capacity as a director of the Company, including complying with or exercising such Shareholder’s
fiduciary duties as a member of the Board of Directors of the Company.

 

(b)           The
term “Shares” shall not include any securities beneficially owned by the Shareholder as a trustee or fiduciary,
and this Agreement is not in any way intended to affect the exercise by the Shareholder of his or her fiduciary responsibility
in respect of any such securities.

 

    	 	4	 

     

    

 

Section 5.               Termination.
Other than this Section 5 and Section 6, which shall survive any termination of this Agreement, this Agreement will terminate upon
the earlier of (a) the Effective Time and (b) the date of termination of the Merger Agreement in accordance with its terms (the
“Expiration Time”); provided that no such termination shall relieve any party hereto from any liability
for any breach of this Agreement occurring prior to such termination.

 

Section 6.              Miscellaneous.

 

(a)           Expenses.
All expenses incurred in connection with this Agreement and the transactions contemplated by this Agreement shall be paid by the
party incurring such expenses.

 

(b)           Notices.
Any notice required to be given hereunder shall be sufficient if in writing, and sent by email or facsimile transmission (with
confirmation), by reliable overnight delivery service (with proof of service), hand delivery or certified or registered mail (return
receipt requested and first-class postage prepaid), addressed as follows:

 

(i)          If
to Parent, to:

 

Sandy Spring Bancorp, Inc.

17801 Georgia Avenue

Olney, MD 20832

 Attention:    Ronald E. Kuykendall

     EVP, General Counsel & Secretary

 Facsimile:     301.774.8434

Email: rkuykendall@sandyspringbank.com

 

with a copy (which shall not constitute
notice) to: 

 

Kilpatrick Townsend & Stockton LLP

607 14th Street NW

Washington, DC 20005

Attention:   Aaron M. Kaslow

Facsimile:   202.204.5600

Email: akaslow@kilpatricktownsend.com

 

(ii)         If
to the Shareholder, to the address of the Shareholder set forth below the Shareholder’s signature on the signature pages
hereto.

 

(c)           Amendments,
Waivers, Etc. This Agreement may not be amended, changed, supplemented, waived or otherwise modified or terminated except by
an instrument in writing signed by each of the parties hereto.

 

(d)           Successors
and Assigns. No party hereto may assign any of its rights or delegate any of its obligations under this Agreement without the
prior written consent of the other party hereto, except Parent may, without the consent of the Shareholder, assign any of Parent’s
rights and delegate any of Parent’s obligations under this Agreement to any affiliate of Parent. Subject to the preceding
sentence, this Agreement shall be binding upon and shall inure to the benefit of and be enforceable by the parties and their respective
successors and assigns, including without limitation any corporate successor by merger or otherwise. Notwithstanding any Transfer
of shares of Company Common Stock consistent with this Agreement, the transferor shall remain liable for the performance of all
obligations of transferor under this Agreement.

 

    	 	5	 

     

    

 

(e)           Third
Party Beneficiaries. Nothing expressed or referred to in this Agreement will be construed to give any person, other than the
parties to this Agreement and their respective successors and permitted assigns, any legal or equitable right, remedy or claim
under or with respect to this Agreement or any provision of this Agreement.

 

(f)            No
Partnership, Agency, or Joint Venture. This Agreement is intended to create, and creates, a contractual relationship and is
not intended to create, and does not create, any agency, partnership, “group” (as such term is used in Section 13(d)
of the Exchange Act), joint venture or any like relationship between the parties hereto.

 

(g)           Entire
Agreement. This Agreement embodies the entire agreement and understanding among the parties hereto relating to the subject
matter hereof and supersedes all prior agreements and understandings relating to such subject matter.

 

(h)           Severability.
If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule or law, or public
policy, all other terms and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic
or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party hereto.
Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible.

 

(i)            Specific
Performance; Remedies Cumulative. The parties hereto acknowledge that money damages are not an adequate remedy for breaches
of this Agreement, that any breach of this Agreement would cause irreparable harm to the non-breaching party and that any party,
in addition to any other rights and remedies which the parties may have hereunder or at law or in equity, may, in its sole discretion,
apply to a court of competent jurisdiction for specific performance or injunction or such other relief as such court may deem just
and proper in order to enforce this Agreement or prevent any violation hereof and, to the extent permitted by applicable law, each
party waives any objection to the imposition of such relief. All rights, powers and remedies provided under this Agreement or otherwise
available in respect hereof at law or in equity shall be cumulative and not alternative, and the exercise or beginning of the exercise
of any such right, power or remedy by any party shall not preclude the simultaneous or later exercise of any other such rights,
powers or remedies by such party.

 

(j)            No
Waiver. The failure of any party hereto to exercise any right, power or remedy provided under this Agreement or otherwise available
in respect hereof at law or in equity, or to insist upon compliance by any other party hereto with its obligations hereunder, and
any custom or practice of the parties at variance with the terms hereof, shall not constitute a waiver by such party of its right
to exercise any such or other right, power or remedy or to demand such compliance.

 

    	 	6	 

     

    

 

(k)            Governing
Law. This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated
hereby shall be governed by, and construed in accordance with, the internal laws of the State of Maryland, without regard to any
applicable conflicts of law principles (except that matters relating to the Shareholder’s fiduciary duties as a member of
the Board of the Directors of the Company shall be subject to the laws of the Commonwealth of Virginia).

 

(l)            Submission
to Jurisdiction. The parties hereto agree that any suit, action or proceeding brought by either party to enforce any provision
of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be
brought in any federal or state court located in the State of Maryland. Each of the parties hereto submits to the jurisdiction
of any such court in any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of,
or in connection with, this Agreement or the transactions contemplated hereby, and hereby irrevocably waives the benefit of jurisdiction
derived from present or future domicile or otherwise in such action or proceeding. Each party hereto irrevocably waives, to the
fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action
or proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient
forum.

 

(m)          Waiver
of Jury Trial. EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT IS LIKELY
TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH PARTY HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY IRREVOCABLY
AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION, DIRECTLY OR INDIRECTLY,
ARISING OUT OF, OR RELATING TO, THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES
THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE
IMPLICATIONS OF THIS WAIVER AND (C) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS Section.

 

(n)           Drafting
and Representation. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. No provision
of this Agreement will be interpreted for or against any party because that party or its legal representative drafted the provision.

 

(o)           Name,
Captions, Gender. Section headings of this Agreement are for reference purposes only and are to be given no effect in the construction
or interpretation of this Agreement. Whenever the context may require, any pronoun used herein shall include the corresponding
masculine, feminine or neuter forms.

 

    	 	7	 

     

    

 

(p)           Counterparts.
This Agreement may be executed by facsimile or other electronic means and in any number of counterparts, each of which shall be
deemed to be an original, but all of which together shall constitute one instrument. Each counterpart may consist of a number of
copies each signed by less than all, but together signed by all, the parties hereto.

 

[Signature Pages Follow]

 

    	 	8	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have
duly executed and delivered this Agreement as of the date and year first written above.

 

	 	SANDY SPRING BANCORP, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Voting Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have
duly executed and delivered this Agreement as of the date and year first written above.

 

	 	SHAREHOLDER
	 	 
	 	 
	 	Signature
	 	 
	 	 
	 	Print name
	 	 
	 	Number of Shares of Company Common
	 	Stock:	 
	 	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 	 
	 	Facsimile: 	                                      
	 	 	 
	 	Email:	 

 

[Signature Page to Voting Agreement]

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