Document:

Exhibit 10.9

 Exhibit 10.9 
 FORM OF 
 INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (the “Agreement”) is made as of
                , 2012 by and between WashingtonFirst Bankshares, Inc., a corporation organized under the laws of the Commonwealth of Virginia, and
                                        
(“Indemnitee”). 
 RECITALS 
 WHEREAS, Indemnitee is a director and/or officer of the Company and in such capacity is performing valuable services for the Company and the Company desires Indemnitee to continue in such capacity and the
Indemnitee is willing, under certain circumstances, to continue in such capacity; and 
 WHEREAS, Indemnitee is currently
serving as a director and/or officer of WashingtonFirst Bank, the Company’s banking subsidiary (the “Bank”), and may from time to time serve as a director, officer, employee or agent of other corporations, partnerships, joint
ventures, trusts or other enterprises, entities or plans at the request of the Company to pursue the Company’s interests; and 
 WHEREAS, the Board of Directors of the Company has determined that it is in the best interests of the Company to retain Indemnitee’s services and to provide indemnification (including advancement of
expenses) to Indemnitee against any and all liabilities asserted against Indemnitee to the fullest extent permitted by the Virginia Stock Corporation Act and any other law (including statutory laws and laws established by judicial decision) of the
Commonwealth of Virginia, subject, however, to 12 U.S.C. § 1828(k) and the rules and regulations promulgated thereunder (collectively, the “Law”), as the Law presently exists or as may hereafter be amended from time
to time; and 
 WHEREAS, the Company has adopted provisions in its Articles of Incorporation, as amended, regarding
indemnification against liabilities and advancement and reimbursement of expenses for its directors and executive officers and the Company wishes to make further provision with respect thereto as permitted by the Articles of Incorporation, as
amended, of the Company and Section 13.1-704.B of the Virginia Stock Corporation Act; 
 Now, therefore, in consideration
of Indemnitee’s future service to the Company, the parties hereto agree as follows: 
 1. Service by Indemnitee.
Indemnitee shall continue to serve at the will of the Company or under separate contract, if such exists, as a director and/or officer of the Company for so long as Indemnitee is duly elected or appointed and until such time as Indemnitee’s
successor is elected and qualified or Indemnitee is removed as permitted by law or tenders a resignation in writing. This Agreement shall continue in force after Indemnitee has ceased to serve as a director or officer of the Company. 

2. Indemnification Against Liability and Advancement of Expenses. Subject to Section 19, the Company shall indemnify
Indemnitee against all Liability and, subject to Section 6 below, shall pay to Indemnitee in advance of the final disposition of any Proceeding all 

 
Expenses incurred by Indemnitee, to the fullest extent permitted by the Virginia Stock Corporation Act in effect on the date of this Agreement or as such law may from time to time be amended
(but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader rights than said law permitted the Company to provide prior to such amendment). No indemnification against Liability or
advancement or reimbursement of Expenses shall be paid hereunder to Indemnitee: 
 (a) to the extent expressly prohibited by
applicable law or the Articles of Incorporation, as amended, of the Company; 
 (b) for which payment has previously been made
to Indemnitee under a valid and collectible insurance policy or under a valid and enforceable indemnity clause, provision of the Articles of Incorporation, as amended, or Bylaws, or agreement of the Company or any other company or organization,
except in respect of any Expenses or Liability exceeding the payment under such insurance, indemnity clause, provision of the Articles of Incorporation, as amended, Bylaws or agreement; 

(c) in connection with an action, suit or proceeding, or part thereof (including claims and counterclaims), initiated by Indemnitee,
except a judicial proceeding or arbitration pursuant to Section 9 below to enforce rights under this Agreement, unless such action, suit or proceeding, or part thereof, was authorized by the Board of Directors of the Company; or 

(d) with respect to any Proceeding brought by or on behalf of the Company against Indemnitee that is authorized by the Board of
Directors of the Company, except as provided in Section 4 below. 
 3. Indemnification. Except as limited by
Section 2 above, the Company shall indemnify Indemnitee against all Liability incurred in any Proceeding, including a Proceeding brought by or in the right of the Company, by reason of the fact that Indemnitee is or was a director and/or
officer of the Company, or while a director and/or officer of the Company is or was serving at the request of the Company as a director, officer, manager, partner, trustee, employee, agent or fiduciary of any other entity, including, but not limited
to, another corporation, limited liability company, partnership, joint venture, trust or employee benefit plan; or by reason of anything done or not done by Indemnitee in any such capacity; provided, however, that no such indemnification shall be
made against willful misconduct or a knowing violation of the criminal law. The Company and Indemnitee acknowledge and agree that Indemnitee’s current service on the board of directors of the Bank is at the request of the Company. 

4. Partial Indemnification Against Liability and Advancement of Expenses. If Indemnitee is entitled under any provision of this
Agreement to (a) indemnification for some or a portion of the Liability, and/or (b) advancement or reimbursement of some or a portion of the Expenses but not, however, for the total amount thereof, the Company shall nevertheless indemnify
Indemnitee for the portion of such Liability and advance to or reimburse Indemnitee for the portion of such Expenses to which Indemnitee is entitled. 

  
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 5. Payment of Expenses as a Witness. The Company shall pay directly or promptly
reimburse Indemnitee all Expenses incurred or suffered by Indemnitee or on Indemnitee’s behalf if Indemnitee appears as or is threatened to be made a witness as a result of or related to Indemnitee’s service as a director and/or officer of
the Company, in any threatened, pending or completed action, suit or proceeding, whether of a civil, criminal, administrative, arbitrative, investigative, legislative or other nature, and whether formal or informal, to which Indemnitee neither is,
nor is threatened to be made, a party. 
 6. Payment of Expenses as a Party. 

(a) At the Request of Indemnitee, subject to Section 6(b) below, the Company shall pay directly or promptly reimburse Indemnitee in
advance of the final disposition of any Proceeding to which Indemnitee is, or is threatened to be made, a party, all Expenses incurred by Indemnitee in connection with such Proceeding if Indemnitee furnishes to the Company: (i) a written
statement, executed personally, of Indemnitee’s good faith belief that his or her conduct relevant to the Proceeding did not constitute willful misconduct or a knowing violation of the criminal law and (ii) a written undertaking, executed
personally or on Indemnitee’s behalf, to repay any funds advanced or reimbursed if it is ultimately determined in a final, nonappealable adjudication that Indemnitee’s conduct relevant to the Proceeding constituted willful misconduct or a
knowing violation of the criminal law. One such written statement and undertaking shall suffice for the duration of such Proceeding. Such undertaking shall be an unlimited general obligation but need not be secured and shall be accepted without
reference to financial ability to make repayment. To receive an advancement or reimbursement of Expenses under this Agreement, Indemnitee shall from time to time submit written requests to the Secretary of the Company. Such requests shall reasonably
evidence the Expenses incurred by Indemnitee. Each such advancement or reimbursement of Expenses shall be made within 20 calendar days after the receipt by the Company of the written request therefor. Indemnitee’s entitlement to advancement or
reimbursement of such Expenses shall include those incurred in connection with any action, suit or proceeding by Indemnitee seeking a judgment in court or an adjudication or award in arbitration pursuant to Section 9 below (including the
enforcement of this provision) to the extent the court or arbitrator shall determine that Indemnitee is entitled to an advancement or reimbursement of Expenses hereunder. 
 (b) Notwithstanding Section 6(a) above, the Company shall not pay or continue to pay Expenses of Indemnitee in any Proceeding if a determination is made in good faith that the facts as they are then
known demonstrate clearly and convincingly that Indemnitee’s conduct relevant to the Proceeding constituted willful misconduct or a knowing violation of the criminal law. Such determination shall be made by any of the following person or
persons: 
 (i) if there are two or more Disinterested Directors, by the Board of Directors by a majority vote of all
Disinterested Directors, a majority of whom shall for such purpose constitute a quorum, or by a majority of the members of a committee of two or more Disinterested Directors appointed by such a vote; 

  
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 (ii) if there are fewer than two Disinterested Directors, by the Board of Directors, in
which determination directors who do not qualify as Disinterested Directors may participate; or 
 (iii) by Special Legal
Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee, with such Special Legal Counsel: 
 (1) selected in the manner prescribed in clause (i) above; or 
 (2) if there
are fewer than two Disinterested Directors, selected by the Board of Directors, in which selection, directors who do not qualify as Disinterested Directors may participate. 
 Notwithstanding the foregoing, in the event that there has been a change in the composition of a majority of the Board of Directors after the date of the alleged act or omission with respect to which
payment of Expenses is sought by Indemnitee, other than through successor directors approved by the Board of Directors (the “Successor Directors”), such determination shall be made: 

(iv) by a majority of directors who qualify as both Disinterested Directors and Successor Directors; or 

(v) if there are fewer than two such Disinterested and Successor Directors, by Special Legal Counsel in a written opinion to the Board
of Directors, a copy of which shall be delivered to Indemnitee, with such Special Legal Counsel mutually agreed upon by the Board of Directors and Indemnitee. 
 If in the case of clause (v) immediately above the Board of Directors and Indemnitee are unable to agree upon a Special Legal Counsel, the Board of Directors and Indemnitee each shall select a
nominee and the nominees shall select such Special Legal Counsel. 
 7. Determination of Entitlement to Indemnification;
Authorization of Payment. Any indemnification against Liability under this Agreement (to the extent not ordered by a court) shall be made by the Company only in the specific case upon a determination that indemnification is required under this
Agreement. To receive indemnification against Liability under this Agreement, Indemnitee shall submit a written request to the Secretary of the Company. Such request shall include documentation or information that is both reasonably available to
Indemnitee and necessary to determine whether indemnification is payable under this Agreement. Upon written request by Indemnitee for indemnification against Liability pursuant to this Agreement, the entitlement of Indemnitee to indemnification, to
the extent not ordered by a court, shall be determined by the same person or persons entitled to make the determination specified in Section 6(b) above. Authorization of indemnification shall be made in the same manner as the determination that
indemnification is required, except that if the determination is made by Special Legal Counsel, such authorization shall be made by those persons entitled to select Special Legal Counsel pursuant to in clause (iii) of Section 6(b) above.

 The determination of entitlement to indemnification shall be made and, unless it is determined that Indemnitee is not entitled to
indemnification hereunder, such indemnification shall be 

  
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required to be authorized and paid not later than 30 calendar days after receipt by the Company of a written request for indemnification. Any amounts incurred by Indemnitee in connection with a
request for indemnification or advancement of Expenses hereunder, under any other agreement, any provision of the Company’s Articles of Incorporation, as amended, or any directors’ and officers’ liability insurance, shall be borne by
the Company. The Company hereby indemnifies Indemnitee for any such amounts and agrees to hold Indemnitee harmless therefrom irrespective of the outcome of the determination of Indemnitee’s entitlement to indemnification. If the person making
such determination shall determine that Indemnitee is entitled to indemnification as to part (but not all) of the application for indemnification, such person shall reasonably prorate such partial indemnification among the claims, issues or matters
at issue at the time of the determination. 
 8. Presumptions and Effect of Certain Proceedings. The Secretary of the
Company shall, promptly upon receipt of Indemnitee’s written request for indemnification, advise in writing the Board of Directors or such other person or persons empowered to make the determination of entitlement to indemnification as provided
in Section 7 above that Indemnitee has made such request for indemnification. Upon making such request for indemnification, Indemnitee shall be presumed to be entitled to indemnification hereunder and the Company shall have the burden of proof
in making any determination contrary to such presumption. If the person or persons so empowered to make such determination shall have failed to make the requested determination within the 30-day period prescribed in Section 7 above, a requisite
determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be absolutely entitled to such indemnification, absent actual and material fraud in the request for indemnification. The termination of any
Proceeding described in Section 3 above by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee’s conduct relevant to the Proceeding
constituted willful misconduct or a knowing violation of the criminal law. 
 9. Remedies of Indemnitee in Cases of
Determination Not to Indemnify Against Liability or to Pay Expenses. In the event that a determination is made that Indemnitee is not entitled to indemnification hereunder or if payment has not been timely made following a determination of
entitlement to indemnification pursuant to Sections 7 and 8 above, or if payment of Expenses is not made pursuant to Sections 5 or 6 above, Indemnitee shall be entitled to final adjudication in a court of competent jurisdiction of
entitlement to such indemnification against Liability or payment of Expenses. Alternatively, Indemnitee at Indemnitee’s option may seek an award in an arbitration to be conducted by a single arbitrator pursuant to the rules of the American
Arbitration Association, such award to be made within 60 calendar days following the filing of the demand for arbitration. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. The determination
in any such judicial proceeding or arbitration shall be made de novo and Indemnitee shall not be prejudiced by reason of a determination (if so made) pursuant to Sections 7 or 8 above that Indemnitee is not entitled to
indemnification. If a determination is made or deemed to have been made pursuant to the terms of Sections 7 or 8 above that Indemnitee is entitled to indemnification, the Company shall be bound by such determination and is precluded from
asserting that such determination has not been made or that the procedure by which such determination was made is not valid, binding and enforceable. The Company further agrees to stipulate in any such court or before any such arbitrator that the
Company is bound by all the provisions of this Agreement and is precluded 

  
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from making any assertions to the contrary. If the court or arbitrator shall determine that Indemnitee is entitled to any indemnification against Liability or payment of Expenses hereunder, the
Company shall pay all Expenses incurred by Indemnitee with respect to such adjudication or award in arbitration (including, but not limited to, any appellate proceedings). 
 10. Other Rights to Indemnification and Advancement; No Duplication of Payments. 
 (a) The indemnification against Liability and advancement of Expenses provided by this Agreement shall not be exclusive of any other rights to which Indemnitee may now or in the future be entitled under
any provision of the Articles of Incorporation, as amended, or Bylaws of the Company, vote of shareholders or Disinterested Directors, provision of law, agreement, policies of insurance or otherwise (including with respect to claims, issues or
matters in relation to which the Company would not have the power to indemnify or advance Expenses to Indemnitee under the provisions of this Agreement or otherwise). 
 (b) The Company shall not be required under this Agreement to make any payment to the Indemnitee to the extent the underlying Liability or Expense has previously been paid or reimbursed, whether under a
source identified in Section 10(a) above or otherwise (the “Other Payment”). To the extent Indemnitee receives the Other Payment for the underlying Liability or Expense after payment has been made by the Company under this
Agreement, Indemnitee shall promptly reimburse the Company for such payment after receipt by Indemnitee of such Other Payment. 

11. Expenses to Enforce Agreement. In the event that Indemnitee is subject to or intervenes in any action, suit or proceeding in
which the validity or enforceability of this Agreement is at issue or seeks an adjudication or award in arbitration to enforce Indemnitee’s rights under, or to recover damages for breach of, this Agreement, Indemnitee, if Indemnitee prevails in
whole or in part in such action, suit or proceeding, shall be entitled to recover from the Company and shall be indemnified by the Company against any Expenses incurred by Indemnitee. If the person making such determination shall determine that
Indemnitee is entitled to indemnification as to part (but not all) of the application for indemnification, such person shall reasonably prorate such partial indemnification among the claims, issues or matters at issue at the time of the
determination. 
 12. Continuation of Indemnity. All agreements and obligations of the Company contained herein shall
continue during the period Indemnitee is a director and/or an officer of the Company and shall continue thereafter with respect to any possible claims based on the fact that Indemnitee was a director and/or an officer of the Company or while a
director and/or an officer of the Company was serving at the request of the Company as a director, officer, manager, partner, trustee, employee, agent or fiduciary of any other entity including, but not limited to, another corporation, limited
liability company, partnership, joint venture, trust or employee benefit plan. This Agreement shall be binding upon all successors and assigns of the Company (including any transferee of all or substantially all of its assets and any successor by
merger or operation of law) and shall inure to the benefit of the heirs, executors and administrators of Indemnitee. 

  
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 13. Notification and Defense of Claim. Promptly after receipt by Indemnitee of notice
of any Proceeding, Indemnitee shall, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company in writing of the commencement thereof, but the omission so to notify the Company shall not relieve it from
any liability that it may have to Indemnitee. Notwithstanding any other provision of this Agreement, with respect to any such Proceeding of which Indemnitee notifies the Company: 

(a) The Company shall be entitled to participate therein at its own expense; and 

(b) Except as otherwise provided in this Section 13(b), to the extent that it may wish, the Company, jointly with any other
indemnifying party similarly notified, shall be entitled to assume the defense thereof, with counsel reasonably satisfactory to Indemnitee. Indemnitee shall have the right to employ Indemnitee’s own counsel in such Proceeding and the fees and
expenses of Indemnitee’s counsel shall be at the expense of the Company; and 
 (c) If the Company has assumed the defense
of a Proceeding, the Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected without the Company’s written consent. The Company shall not settle any Proceeding in
any manner that would impose any penalty or limitation on or disclosure obligation with respect to Indemnitee without Indemnitee’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold its consent to any proposed
settlement. 
 14. 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, but not limited to, all portions of any paragraphs of this Agreement containing any such provision
held to be invalid, illegal or unenforceable, that are not by themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and (b) to the fullest extent possible, the provisions of this Agreement
(including, but not limited to, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give
effect to the intent of the parties that the Company provide protection to Indemnitee as set forth in this Agreement to the fullest enforceable extent. 
 15. Headings; References; Pronouns. The headings of the sections 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. References herein to section numbers are to sections of this Agreement. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural as appropriate. 

16. Definitions and References. For purposes of this Agreement: 

(a) “Disinterested Director” shall have the meaning given in the Virginia Stock Corporation Act from time to time. 

(b) “Expenses” includes, without limitation, all reasonable fees, costs and expenses incurred in connection with the defense
or settlement of any action, suit or proceeding, 

  
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including all investigations, and all judicial, arbitrative, administrative or legislative proceedings, whether formal or informal, and appeals, attorneys’ fees and expenses, witness fees
and expenses, fees and expenses of accountants and other advisors, retainers and disbursements and advances thereon, expenses related to photocopying, transcripts, computer research and travel, the premium, security for, and other costs relating to
any bond (including cost bonds, appraisal bonds or their equivalents), and any expenses of establishing a right to indemnification against Liability or advancement of Expenses hereunder, but (i) shall not include the amount of any Liability and
(ii) shall not include attorneys’ fees and expenses that are payable by Indemnitee under Section 13(b) above. Any evaluation as to reasonableness of Expenses for which Indemnitee seeks advancement or reimbursement pursuant to this
Agreement shall be made in the same manner as an authorization of indemnification as described in Section 7 above. 
 (c)
“Liability” means the obligation to pay a judgment, settlement, penalty or fine, including any excise tax assessed with respect to an employee benefit plan. 
 (d) “Proceeding” includes any threatened, pending or completed action, suit or proceeding, whether brought by or in the right of the Company or otherwise, against Indemnitee, whether of a civil,
criminal, administrative, arbitrative, investigative, legislative or other nature, and whether formal or informal, by reason of the fact that Indemnitee is or was a director and/or an executive officer of the Company, or while a director and/or an
executive officer of the Company is or was serving at the request of the Company as a director, officer, manager, partner, trustee, employee, agent or fiduciary of any other entity, including, but not limited to, another corporation, limited
liability company, partnership, joint venture, trust or employee benefit plan, or by reason of anything done or not done by Indemnitee in such capacity, whether or not Indemnitee is serving in such capacity at the time any liability or expense is
incurred for which indemnification or advancement can be provided under this Agreement. 
 (e) “Special Legal
Counsel” means a law firm or a member of a law firm that neither is presently nor in the past five years has been retained to represent: (i) the Company or Indemnitee in any matter material to either such party, or (ii) any other
party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Special Legal 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 right to indemnification or advancement under this Agreement. 

(f) Indemnitee shall be considered to be serving an employee benefit plan at the Company’s request if Indemnitee’s duties to
the Company also impose duties on, or otherwise involve services by, Indemnitee to the plan or participants in or beneficiaries of the plan. 
 17. 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 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 

  
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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; and 
 (ii) if to the Company to Secretary, WashingtonFirst Bankshares,
Inc., 11921 Freedom Drive, Suite 250, Reston, Virginia 20190; 
 or to any other address as may have been furnished to Indemnitee by the Company
or vice versa. 
 18. Other Provisions. 
 (a) This Agreement shall be interpreted and enforced in accordance with the laws of the Commonwealth of Virginia. 
 (b) 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 as evidence of the existence of this Agreement. 
 (c) This Agreement shall not be deemed an employment contract between the Company and any Indemnitee who is an executive officer of the Company, and, if Indemnitee is an executive officer of the Company,
Indemnitee specifically acknowledges that Indemnitee may be discharged at any time for any reason, with or without cause, and with or without severance compensation, except as may be otherwise provided in a separate written contract between
Indemnitee and the Company. 
 (d) Upon a payment to Indemnitee under this Agreement, the Company shall be subrogated to the
extent of such payment to all of the rights of Indemnitee to recover against any person (other than another past, present or future director and/or executive officer of the Company, in such capacity) for such liability, and Indemnitee shall execute
all documents and instruments required and shall take such other actions as may be necessary to secure such rights, including the execution of such documents as may be necessary for the Company to bring suit to enforce such rights. 

(e) No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

19. Effect of 12 U.S.C. 1828(k). The obligations of the Company and the rights of Indemnitee under this Agreement shall be subject
to 12 U.S.C. 1828(k) and the rules and regulations promulgated thereunder. 
 (Signature Page Follows.) 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day
and year first above written. 
  

			
	WASHINGTONFIRST BANCSHARES, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	INDEMNITEE
	
	  

	Name:	 	  

	Address:	 	  

		 	  

  
 -10-Exhibit 10.10

 Exhibit 10.10 
 AMENDMENT NO. 1 
 to 

INVESTMENT AGREEMENT 
 This Amendment (this “Amendment”) dated September 21, 2012 to the Investment Agreement (the “Agreement”) dated May 3, 2012, is by and between WashingtonFirst
Bankshares, Inc. (“WFBI”), a corporation organized and existing under the laws of the Commonwealth of Virginia, and Endicott Opportunity Partners III, L.P., a limited partnership organized under the laws of the State of Delaware
(“Endicott”). Capitalized terms used but not defined in this Amendment shall have the meanings ascribed to such terms in the Agreement. 
 WHEREAS, WFBI and Endicott have heretofore entered into the Agreement, which provides for, among other things, the issuance and sale by WFBI to Endicott, and the purchase by Endicott from the Company, of
shares of WFBI’s Common Stock and Non-Voting Stock, upon the terms and conditions set forth therein; and 
 WHEREAS, WFBI
and Endicott desire to amend the Agreement in accordance with Section 7.3 thereof as provided below; 
 NOW, THEREFORE, in
consideration of the mutual agreements set forth in the Agreement and this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, WFBI and Endicott hereby agree as follows: 

1. Amendment of Agreement. 
 (a) The Agreement is hereby amended by deleting Exhibit A thereto in its entirety and replacing it with Exhibit A attached to this Amendment. 

2. References. Each reference in the Agreement to “this Agreement,” “hereof,” “hereunder” or words
of like import referring to the Agreement shall mean and be a reference to the Agreement as amended by this Amendment. 
 3.
Effect of Amendment. This Amendment shall not constitute an amendment or waiver of any provision of the Agreement not expressly amended and or waived herein and shall not be construed as an amendment, waiver or consent to any action that
would require an amendment, waiver or consent except as expressly stated herein. The Agreement, as amended by this Amendment, is and shall continue to be in full force and effect and is in all respects ratified and confirmed hereby. 

4. Governing Law. This Amendment shall be governed in all respects by the laws of the State of New York without regard to the
choice of laws provisions thereof. 
 5. Counterparts. This Amendment may be executed in two or more counterparts which
together shall constitute a single agreement. 
 [Signature Page Immediately Follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed by their
respective officers thereunto duly authorized and their respective corporate seals to be affixed hereto, all as of the date first written above. 
  

							
	WASHINGTONFIRST BANKSHARES, INC.
		
	By:	 	 /s/ Shaza L. Andersen

		 	Name:	 	Shaza L. Andersen
		 	Title:	 	Chief Executive Officer
	
	ENDICOTT OPPORTUNITY PARTNERS III, L.P.
		
	By:	 	W. R. Endicott III, L.L.C., its general partner
		
	By:	 	 /s/ Robert I. Usdan

		 	Name:	 		 	Robert I. Usdan
		 	Title:	 		 	Managing Partner

 [Signature Page to Amendment No. 1 to Investment Agreement] 

 Exhibit A 
 To Amendment No. 1 
 to Investment Agreement 

ARTICLES OF AMENDMENT 
 To Amend the Articles of Incorporation 
 of 

WASHINGTONFIRST BANKSHARES, INC. 
  

 
 Pursuant to Title 13.1 of the Code
of Virginia, the undersigned Virginia bank holding company on this      day of             , 2012, states as follows: 

NAME OF THE CORPORATION 
 The name of the Virginia bank holding company is WashingtonFirst Bankshares, Inc. 
 AMENDMENT TO ARTICLES OF INCORPORATION 
 Article 3 of the Articles
of Incorporation of WashingtonFirst Bankshares, Inc. (the “Corporation”) shall be and hereby is amended as follows: 
  

	 	1.	Article 3.A is hereby deleted in its entirety and replaced with the following: 

“A. In General. The aggregate number of shares of all classes of capital stock that the Corporation shall have
the authority to issue shall be 70,000,000 shares, of which (i) 50,000,000 shares shall be common stock, par value $.01 per share (“Common Stock”), (ii) 10,000,000 shares shall be non-voting common stock, par value $.01 per share
(“Non-Voting Common Stock”), and (iii) 10,000,000 shares shall be preferred stock, par value $5.00 per share (“Preferred Stock”). The relative powers, preferences, rights privileges, qualifications limitations and
restrictions of the respective classes of capital stock of the Corporation are set forth below in this Article 3.” 
  

	 	2.	Article 3.B(1) is hereby amended by replacing “10,000,000” with “50,000,000”. 

 

	 	3.	The following is hereby inserted at the end of Article 3: 

 “D. Non-Voting Common Stock. 
 (1) In
General. The Corporation shall be entitled to issue 10,000,000 shares of Non-Voting Common Stock. The Board of Directors of the Corporation is hereby empowered, at any time and from time to time, to issue in whole or in part and in one or more
series the undesignated shares of 

  
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Non-Voting Common Stock, and to provide for the designations, limitations and relative rights thereof by adoption of Articles of Amendment to these Articles. Except with respect to voting rights
as provided in Section D(3) of this Article 3, Non-Voting Common Stock shall have the same preferences, limitations, and relative rights as, and shall be identical in all respects to, the Common Stock; provided, however, that any stock
dividend on the Non-Voting Common Stock shall be payable solely in Non-Voting Common Stock. Except as otherwise expressly limited by the Virginia Stock Corporation Act or by these Articles, the authority of the Board of Directors of the Corporation
with respect to each series of Non-Voting Common Stock shall include, but not be limited to, the fixing and determination of the following: 
 (a) the designation of such series and the number of shares to constitute such series; and 
 (b) whether the shares of such series shall be convertible into, or exchangeable for, shares of stock of any other class or any other series of such class or any other securities (including Common Stock)
and, if so, the price or prices or the rate or rates of conversion or exchange and the method, if any, of adjusting the same, and any other terms and conditions of conversion or exchange. 

(2) Subject to Preferred Stock. The Non-Voting Common Stock shall be subject to the express terms of the Preferred
Stock and any series thereof. 
 (3) Voting. Except as required by the Virginia Stock Corporation Act and
as cannot be abrogated with the denial of voting rights contained in the articles of incorporation of a Virginia corporation, the Non-Voting Common Stock shall have no right to vote on any matter submitted to a vote of shareholders of the
Corporation; provided, however, that so long as any shares of Non-Voting Common Stock are issued and outstanding, the Corporation will not, without obtaining the approval (by vote or written consent) of the holders of a majority of the
issued and outstanding shares of Non-Voting Common Stock, whether or not such approval is required by Virginia law, (a) alter or change the rights, preferences, privileges or restrictions provided for the benefit of the holders of the
Non-Voting Common Stock or (b) enter into any merger, share exchange or business consolidation unless the Non-Voting Common Stock is entitled to receive the same per share consideration in such merger, share exchange or business consolidation
as the Common Stock. 
 (4) Anti-Dilution. In the event that the Corporation at any time or from time to
time will effect a division of the Common Stock into a greater number of shares (by stock split, reclassification or otherwise than by 

  
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payment of a dividend in Common Stock or in any right to acquire the Common Stock), or in the event the outstanding Common Stock will be combined or consolidated, by reclassification, reverse
stock split or otherwise, into a lesser number of shares of the Common Stock, then the Non-Voting Common Stock will, concurrently with the effectiveness of such event, be proportionately split, reclassified, combined, consolidated, reverse-split or
otherwise, as appropriate, such that the number of shares of Common Stock and Non-Voting Common Stock outstanding immediately following such event shall bear the same relationship to each other as did the number of shares of Common Stock and
Non-Voting Common Stock outstanding immediately prior to such event. 
 (5) Non-Voting Common Stock, Series
A. There is hereby created out of the authorized and unissued shares of Non-Voting Common Stock of the Corporation a series of Non-Voting Common Stock designated as the “Non-Voting Common Stock, Series A” (the “Non-Voting Common
Stock, Series A”). 
 (a) The authorized number of shares of Non-Voting Common Stock, Series A shall be
1,000,000. This Article 3.D.(5) constitutes the Certificate of Designations for the Non-Voting Common Stock, Series A (the “Non-Voting Common Stock, Series A Certificate of Designations”). 

(b) Subject to the other provisions of the Non-Voting Common Stock, Series A Certificate of Designation, any holder of
shares of Non-Voting Common Stock, Series A may convert any number of shares of Non-Voting Common Stock, Series A into an equal number of shares of Common Stock at the option of the holder; provided, however, that no share of Non-Voting
Common Stock, Series A will be convertible in the hands of or at the election of the initial purchaser of such share of Non-Voting Common Stock, Series A from the Corporation (the “Initial Holder”), or any affiliate of such Initial Holder
at any time; provided, further, that each share of Non-Voting Common Stock, Series A will be convertible by a transferee from the Initial Holder who is unaffiliated with the Initial Holder in connection with or after a transfer by the
Initial Holder to a third party unaffiliated with such Initial Holder if the transfer complies with the following limitations: (i) the transfer is part of a widely distributed public offering of Common Stock; (ii) the transfer is part of
an offering that is not a widely distributed public offering of Common Stock but is one in which no one transferee (or group of associated transferees) of the Non-Voting Common Stock, Series A acquires the rights to purchase in excess of two percent
(2%) of the voting securities of the Corporation then outstanding (including pursuant to a related series of transfers); (iii) the transfer is part of a transfer of Common Stock to an underwriter for the purpose of conducting a widely
distributed public offering; or (iv) the transfer is part of a transaction approved by the Board 

  
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of Governors of the Federal Reserve System (the “Federal Reserve”) or if the Federal Reserve is not the relevant regulatory authority, any other regulatory authority having
jurisdiction. In order to transfer such shares of Non-Voting Common Stock, Series A to permit conversion of such shares under the preceding clauses (i) - (iv), a transferee of such shares must submit to the Corporation documentation reasonably
satisfactory to the Corporation that such transfer and conversion satisfies the requirements of this Section (b). Notwithstanding the foregoing, the Initial Holder may at any time transfer the shares of Non-Voting Common Stock, Series A to an
affiliate of the Initial Holder, or to the Corporation. 
 (c) Upon presentation and surrender for cancellation
of the certificate representing shares of Non-Voting Common Stock, Series A in respect of which a conversion election has been made in accordance with the previous paragraph, the holder thereof shall be entitled to receive a certificate for the
appropriate number of shares of Common Stock. The Corporation shall from time to time reserve for issuance the number of shares of Common Stock into which all outstanding shares of Non-Voting Common Stock, Series A may be converted. The conversion
rights provided for in this section shall be subject to the additional limitations contained in section (d) of the Non-Voting Common Stock, Series A Certificate of Designations. 

(d) No share of Non-Voting Common Stock, Series A shall be converted into Common Stock if, as a result of such
conversion, the holder of such share of Common Stock would (or would be deemed to), directly or indirectly, own, control or have power to vote more than 9.9% of any class of the Corporation’s voting securities. If the Board of Directors of the
Corporation determines in good faith, which determination shall be final and binding: 
 (i) prior to the
issuance of shares of Common Stock on conversion of Non-Voting Common Stock, Series A that the issuance of such shares of Common Stock would result in a violation of the ownership limitation contained in this Section (d) of the Non-Voting
Common Stock, Series A Certificate of Designations, the Board of Directors shall be entitled to refuse to issue on such conversion the shares of Common Stock that would cause the violation of such ownership limitation; and 

(ii) after the issuance of shares of Common Stock on conversion of Non-Voting Common Stock, Series A that the issuance of
such shares of Common Stock has resulted in a violation of the ownership limitation contained in this Section (d) of the Non-Voting Common Stock, Series A Certificate of Designations, the Board of Directors of the Corporation shall rescind such
conversion to the 

  
 A-4

 
extent it caused such violation, cancel the shares of Common Stock issued on conversion that caused such violation and re-issue in respect of such canceled shares of Common Stock the shares of
Non-Voting Common Stock, Series A that were canceled on conversion. 
 (e) At least 15 calendar days before the
record date for the annual meeting of holders of Common Stock, the Corporation shall provide to holders of Non-Voting Common Stock, Series A the total number of shares of the Corporation’s voting securities issued and outstanding as of a recent
date. 
 (f) Upon the issuance of the shares of Common Stock converted in accordance with the Non-Voting Common
Stock, Series A Certificate of Designations, such shares shall be deemed to be duly authorized, validly issued, fully paid and nonassessable, and shall be free and clear of all liens, claims, security interests, charges and other encumbrances other
than restrictions on transfer arising under federal and state securities laws. When shares of Non-Voting Common Stock, Series A have been converted in accordance with the Non-Voting Common Stock, Series A Certificate of Designations, they shall be
canceled and become authorized but unissued shares of Non-Voting Common Stock, undesignated as to series. 
 (g)
The issuance of shares of Common Stock upon conversion of shares of Non-Voting Common Stock, Series A shall be made without charge to the holders of such shares for any issue tax in respect thereof or other cost incurred by the Corporation in
connection with such conversion; provided, however, the Corporation shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance of shares of Common Stock to a person other than the
holder who surrendered the shares of Non-Voting Common Stock, Series A for conversion. 
 (h) The Corporation
will at all times reserve and keep available out of its authorized but unissued Common Stock solely for the purpose of effecting the conversion of the Non-Voting Common Stock, Series A such number of shares of Common Stock as will from time to time
be sufficient to effect the conversion of all outstanding Non-Voting Common Stock, Series A; provided, however, that if at any time the number of shares of authorized but unissued Common Stock will not be sufficient to effect the
conversion of all then outstanding Non-Voting Common Stock, Series A, the Corporation will take such action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Common Stock to such number of shares as will be
sufficient for such purpose. 

  
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 (i) As used in this Section (c) of this Non-Voting Common Stock,
Series A, the following terms shall have the meaning ascribed to them below: 
 “affiliate” shall
mean, with respect to any person, any other person directly or indirectly controlling, controlled by or under common control with such person. For purposes of this definition, the term “control” (including with correlative meanings, the
terms “controlling,” “controlled by” and “under common control with”) when used with respect to any person, shall mean the possession, directly or indirectly, of the power to direct the management and policies of such
person, whether through the ownership of voting securities, by contract or otherwise. 
 “person”
means an individual, corporation, estate, trust, association, company, partnership or similar organization. 

“transfer” means any sale, transfer, assignment, conveyance, pledge, short sale or other disposition, direct or
indirect change of control of the holder, or the issuance of any option or interest similar to an option to sell, transfer, assign, convey, pledge, or otherwise dispose. 
 APPROVAL OF AMENDMENT 
 The foregoing Amendment to the Articles of
Incorporation was duly approved by the Board of Directors on                     , 2012. The foregoing Amendment to the Articles of Incorporation was
proposed by the Board of Directors of the Corporation and submitted to the shareholders of the Corporation in accordance with the Virginia Stock Corporation Act for a vote on
                    , 2012. There were
                     shares of the Corporation’s common stock entitled to vote at the meeting and
                     of such shares were cast in favor of the Amendment and
                     of such shares were cast against the Amendment, which vote was sufficient for approval of the Amendment. 

[Signature Page Immediately Follows] 

  
 A-6

 I am an officer of the Corporation and I have executed these Articles of Amendment on the
Corporation’s as of the date first written above. 
  

	
	WASHINGTONFIRST BANKSHARES, INC.
	
	  

	Shaza L. Andersen
	Chief Executive Officer

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