Document:

Executive Change of Control Agreement

 Exhibit 10.2 
 Execution Copy 
 EXECUTIVE CHANGE OF CONTROL
AGREEMENT 
 This EXECUTIVE CHANGE OF CONTROL AGREEMENT (“Agreement”) is made as of the 1st day of September,
2009, between CIRCOR, Inc., a Massachusetts corporation (the “Company”), and Arjun (AJ) Sharma (“Executive”). 
 WHEREAS, the Company presently employs the Executive in which capacity the Executive serves as an officer of the Company and its Parent (as defined below); and 
 WHEREAS, the Board of Directors of the Parent (the “Board”) recognizes the valuable services rendered to the Company, the
Parent and their respective affiliates by the Executive; and 
 WHEREAS, the Board has determined that it is in the best
interests of the Company, the Parent and their affiliates to encourage in advance the continued loyalty of the Executive as well as the Executive’s continued attention to her assigned duties and objectivity in the event of a threatened or
possible change in control of the Parent; 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 
 1. Definitions. For purposes of this Agreement, the following terms shall have the following meanings: 
 “Cause” shall mean: (a) conduct by Executive constituting a material act of willful misconduct in connection with the performance of her duties, including, without limitation,
misappropriation of funds or property of the Company or any of its affiliates other than the occasional, customary and de minimis use of Company property for personal purposes; (b) criminal or civil conviction of Executive, a plea of polo
contendere by Executive or conduct by Executive that would reasonably be expected to result in material injury to the reputation of the Company if he were retained in her position with the Company, including, without limitation, conviction of a
felony involving moral turpitude; (c) continued, willful and deliberate non-performance by Executive of her duties hereunder (other than by reason of Executive’s physical or mental illness, incapacity or disability) which has continued for
more than thirty (30) days following written notice of such non-performance from the Chief Executive Officer; or (d) a violation by Executive of the Company’s employment policies which has continued following written notice “of
such violation from the Chief Executive Officer. 
 “Change in Control” shall mean any of the following:

 (a) Any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as
amended (the “Act”) (other than the Parent, any of its subsidiaries, any member of the Home Family Group (as defined herein) or any trustee, fiduciary or other person or entity holding securities udder any employee benefit plan or trust of
the Parent

 
or any of its subsidiaries), together with all “affiliates” and “associates” (as such terms are defined in Rule 12b-2 under the Act) of such person, shall become the
“beneficial owner” (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Parent representing twenty-five percent (25%) or more of either (A) the combined voting power of the
Parent’s then outstanding securities having the right to voice in an election of the Parent’s Board (“Voting Securities”) or (B) the then outstanding shares of Parent’s common stock, par value $0.01 per share
(“Common Stock”) (other than as a result of an acquisition of securities directly from the Parent); or 
 (b)
Incumbent Directors (as defined below) cease for any reason, including, without limitation, as a result of a tender offer, proxy contest, merger or similar transaction, to constitute at least a majority of the Board; or 
 (c) The stockholders of the Parent shall approve (A) any consolidation or merger of the Parent where the stockholders of the Parent,
immediately prior to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, shares representing in the aggregate fifty
percent (50%) or more of the voting shares of the Parent or other party issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any), (B) any sale, lease, exchange or other transfer (in one
transaction or a series of transactions contemplated or arranged by any party as a single plan) of all or substantially all of the assets of the Parent or (C) any plan or proposal for the liquidation or dissolution of the Parent. 
 Notwithstanding the foregoing, a “Change of Control” shall not be deemed to have occurred for purposes of the foregoing
clause (a) solely as the result of an acquisition of securities by the Parent which, by reducing the number of shares of Common Stock or other Voting Securities outstanding, increases the proportionate number of shares beneficially owned by any
person to twenty-five percent (25%) or more of either (A) the combined voting power of all of the then outstanding Voting Securities or (B) Common Stock; provided, however, that if any person referred to in this sentence shall
thereafter become the beneficial owner of any additional shares of Voting Securities or Common Stock (other than pursuant to a stock split, stock dividend, or similar transaction or as a result of an acquisition of securities directly from the
Parent) and immediately thereafter beneficially owns twenty-five percent (25%) or more of either (A) the combined voting power of all of the then outstanding Voting Securities or (B) Common Stock, then a “Change of Control”
shall be deemed to have occurred for purposes of the foregoing clause (a). 
 “Good Reason” shall mean
that Executive has complied with the “Good Reason Process” (hereinafter defined) following the occurrence of any of the following events: (a) a substantial diminution or other substantive adverse change, not consented to by Executive,
in the nature or scope of Executive’s responsibilities, authorities, powers, functions or duties; (b) any removal, during the term of this Agreement from Executive of her titles as an officer of the Parent; (c) an involuntary
reduction in Executive’s Base Salary except for across-the-board reductions similarly affecting all or substantially all management employees; (d) a breach by the Company of any of its other material obligations under this Agreement and
the failure of the Company to cure such breach within thirty (30) days after written notice thereof by Executive; (e) the involuntary relocation of the Company’s offices at which Executive is principally

  

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employed or the involuntary relocation of the offices of Executive’s primary workgroup to a location more than thirty (30) miles from such offices, or the requirement by the Company
that Executive be based anywhere other than the Company’s offices at such location on an extended basis, except for required travel on the Company’s business to an extent substantially consistent with Executive’s business travel
obligations; or (f) a reduction in Executive’s opportunity for annual incentive compensation below the annual incentive opportunity most recently in effect under the Company’s Executive Bonus Incentive Plan prior to the Change in
Control. “Good Reason Process” shall mean that (i) Executive reasonably determines in good faith that a “Good Reason” event has occurred; (ii) Executive notifies the Company in writing of the occurrence of the Good
Reason event; (iii) Executive cooperates in good faith with the Company’s efforts, for a period not less than ninety (90) days following such notice, to modify Executive’s employment situation in a manner acceptable to Executive
and Company; and (iv) notwithstanding such efforts, one or more of the Good Reason events continues to exist and has not been modified in a manner acceptable to Executive. If the Company cures the Good Reason event in a manner acceptable to
Executive during the ninety (90) day period, Good Reason shall be deemed not to have occurred. 
 “Incumbent
Directors” shall mean persons who, as of the Commencement Date, constitute the Board; provided that any person becoming a director of the Parent subsequent to the Commencement Date shall be considered an Incumbent Director if such
person’s election was approved by or such person was nominated for election by a vote of at least a majority of the Incumbent Directors; but provided further, that any such person whose initial assumption of office is in connection with an
actual or threatened election contest relating to the election of members of the Board or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board, including by reason of agreement intended to
avoid or settle any such actual or threatened contest or solicitation, shall not be considered an Incumbent Director. 
 “Parent” shall mean CIRCOR International, Inc., a Delaware corporation as well as its successors by merger or otherwise. 
 “Horne Family Group” shall mean Timothy P. Home and the George B. Home Voting Trust. 
 2. Term. The term of this Agreement shall extend from the date hereof (the “Commencement Date”) until the first anniversary of the Commencement Date; provided, however, that the
term of this Agreement shall automatically be extended for one additional year on the first anniversary of the Commencement Date and each anniversary thereafter unless, not less than 90 days prior to each such date, either party shall have given
notice to the other that it does not wish to extend this Agreement; provided, further, that if a Change in Control occurs during the original or extended term of this Agreement, the term of this Agreement shall continue in effect for a period of not
less than twelve (12) months beyond the month in which the Change in Control occurred. 
  

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 3. Change in Control Payment. The provisions of this Paragraph 3 set forth
certain terms of an agreement reached between Executive and the Company regarding Executive’s rights and obligations upon the occurrence of a Change in Control of the Parent. These provisions are intended to assure and encourage in advance
Executive’s continued attention and dedication to her assigned duties and her objectivity during the pendency and after the occurrence of any such event. These provisions shall terminate and be of no further force or effect beginning twelve
(12) months after the occurrence of a Change of Control. 
 (a) Change in Control. 
 (i) If within twelve (12) months after the occurrence of the first event constituting a Change in Control,
Executive’s employment is terminated by the Company without Cause as defined in Section 1 or Executive terminates her employment for Good Reason as provided in Section 1, then the Company shall pay Executive a lump sum in cash in an
amount equal to one (1) times the sum of (A) Executive’s current Base Salary plus (B) Executive’s highest annual incentive compensation under the Company’s Executive Bonus Incentive Plan in the three
(3) immediately preceding fiscal years, excluding any sign-on bonus, retention bonus or any other special bonus. Such lump sum cash payment shall be paid to Executive within thirty (30) days following the Date of Termination; and

 (ii) Notwithstanding anything to the contrary in any applicable option agreement or stock-based award
agreement, upon a Change in Control, all stock options and other stock-based awards granted to Executive by the Parent shall immediately accelerate and become exercisable or non-forfeitable as of the effective date of such Change in Control. In
addition, all restricted stock units held by the Executive pursuant to the Management Stock Purchase Plan shall become fully vested upon a Change of Control and the Executive shall be entitled to receive the shares of stock represented by such
restricted stock units. Executive shall also be entitled to any other rights and benefits with respect to stock-related awards, to the extent and upon the terms, provided in the employee stock option or incentive plan or any agreement or other
instrument attendant thereto pursuant to which such options or awards were granted; and 
 (iii) If the
Executive is otherwise eligible for participation in the Company’s Supplemental Executive Retirement Plan (“SERP”), the Executive shall be fully vested in her accrued benefit under the SERP as of the Date of Termination; and

 (iv) The Company shall, for a period of one (1) year commencing on the Date of Termination, pay such
health insurance premiums as may be necessary to allow Executive, Executive’s spouse and dependents to continue to receive health insurance coverage substantially similar to the coverage they received prior to the Date of Termination.

 (b) Additional Limitation. 
 (i) Anything in this Agreement to the contrary notwithstanding, in the event that any compensation, payment or distribution
by the Company to or for the

  

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benefit of Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (the “Severance Payments”), would be subject to the
excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), the following provisions shall apply: 
 (A) If the Severance Payments, reduced by the sum of (1) the Excise Tax and (2) the total of the Federal, state and local income and employment taxes payable by Executive on the amount of the
Severance Payments which are in excess of the Threshold Amount, are greater than or equal to the Threshold Amount, Executive shall be entitled to the full benefits payable under this Agreement. 
 (B) If the Threshold Amount is less than (x) the Severance Payments, but greater than (y) the Severance Payments
reduced by the sum of (1) the Excise Tax and (2) the total of the Federal, state, and local income and employment taxes on the amount of the Severance Payments which are in excess of the Threshold Amount, then the benefits payable under
this Agreement shall be reduced (but not below zero) to the extent necessary so that the maximum Severance Payments shall not exceed the Threshold Amount. To the extent that there is more than one method of reducing the payments to bring them within
the Threshold Amount, Executive shall determine which method shall be followed; provided that if Executive fails to make such determination within 45 days after the Company has sent Executive written notice of the need for such reduction, the
Company may determine the amount of such reduction in its sole discretion. 
 For the purposes of this
Paragraph 3, “Threshold Amount” shall mean three times Executive’s “base amount” within the meaning of Section 280G(b)(3) of the Code and the regulations promulgated thereunder less one dollar ($1.00); and “Excise
Tax” shall mean the excise tax imposed by Section 4999 of the Code, and any interest or penalties incurred by Executive with respect to such excise tax. 
 (ii) The determination as to which of the alternative provisions of Paragraph 3(b)(i) shall apply to Executive shall be made
by KPMG LLP or any other nationally recognized accounting firm selected by the Company (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and Executive within 15 business days of the Date of
Termination, if applicable, or at such earlier time as is reasonably requested by the Company or Executive. For purposes of determining which of the alternative provisions of Paragraph 3(b)(i) shall apply, Executive shall be deemed to pay federal
income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in
the state and locality of Executive’s residence on the Date of Termination, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes. Any determination by the Accounting Firm
shall be binding upon the Company and Executive. 
  

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 4. Unauthorized Disclosures. Executive acknowledges that in the course of her
employment with the Company (and, if applicable, its predecessors), he has been allowed to become, and will continue to be allowed to become, acquainted with the Company’s and the Parent’s business affairs, information, trade secrets, and
other matters which are of a proprietary or confidential nature, including but not limited to the Company’s, the Parent’s and their affiliates’ and predecessors’ operations, business opportunities, price and cost information,
finance, customer information, business plans, various sales techniques, manuals, letters, notebooks, procedures, reports, products, processes, services, and other confidential information and knowledge (collectively the “Confidential
Information”) concerning the Company’s, the Parent’s and their affiliates’ and predecessors’ business. The Company agrees to provide on an ongoing basis such Confidential Information as the Company deems necessary or
desirable to aid Executive in the performance of her duties. Executive understands and acknowledges that such Confidential Information is confidential, and he agrees not to disclose such Confidential Information to anyone outside the Company or the
Parent except to the extent that (i) Executive deems such disclosure or use reasonably necessary or appropriate in connection with performing her duties on behalf of the Company and the Parent, (ii) Executive is i required by order of a
court of competent jurisdiction (by subpoena or similar process) to disclose or discuss any Confidential Information, provided that in such case, Executive shall promptly inform the Company or the Parent, as appropriate, of such event, shall
cooperate with the Company or the Parent, as appropriate, in attempting to obtain a protective order or to otherwise restrict such disclosure, and shall only disclose Confidential Information to the minimum extent necessary to comply with any such
court order; (iii) such Confidential Information becomes generally known to and available for use in the Company’s industry (the “Fluid-Control Industry”), other than as a result of any action or inaction by Executive; or
(iv) such information has been rightfully received by a member of the Fluid-Control Industry or has been published in a form generally available to the Fluid-Control Industry prior to the date Executive proposes to disclose or use such
information. Executive further agrees that he will not during employment and/or at any time thereafter use such Confidential Information in competing, directly or indirectly, with the Company or the Parent. At such time as Executive shall cease to
be employed by the Company, he will immediately turn over to the Company or the Parent, as appropriate, all Confidential Information, including papers, documents, writings, electronically stored information, other property, and all copies of them
provided to or created by him during the course of her employment with the Company. The provisions of this Paragraph 4 shall survive termination of this Agreement for any reason. 
 5. Covenant Not to Compete. In consideration of the benefits afforded the Executive under the terms provided in
this Agreement and as a means to aid in the performance and enforcement of the terms of the provisions of Paragraph 4, Executive agrees that 
 (a) during the term of Executive’s employment with the Company and for a period of twelve (12) months thereafter, regardless of the reason for termination of employment, Executive will not,
directly or indirectly, as an owner, director, principal, agent, officer, employee, partner, consultant, servant, or otherwise, carry on, operate, manage, control, or become involved in any manner with any business, operation, corporation,
partnership, association, agency, or other person or entity which is engaged in a business that is competitive with any of the Company’s or the Parent’s products which are produced by the Company or the Parent or any affiliate of either
entity as of the date of Executive’s termination of employment

  

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with the Company, in any area or territory in which the Company or the Parent or any affiliate of either entity conducts operations; provided, however, that the foregoing shall not prohibit
Executive from owning up to one percent (1%) of the outstanding stock of a publicly held company engaged in the Fluid-Control Industry; and 
 (b) during the term of Executive’s employment with the Company and for a period of twelve (12) months thereafter, regardless of the reason for termination of employment, Executive will not
directly or indirectly solicit or induce any present or future employee of the Company or the Parent or any affiliate of either entity to accept employment with Executive or with any business, operation, corporation, partnership, association;
agency, or other person or entity with which Executive may be associated, and Executive will not employ or cause any business, operation, corporation, partnership, association, agency, or other person or entity with which Executive maybe associated
to employ any present or future employee of the Company or the Parent without providing the Company or the Parent, as appropriate, with ten (10) days’ prior written notice of such proposed employment. 
 Should Executive violate any of the provisions of this Paragraph, then in addition to all other rights and remedies available to the Company at law or in
equity, the duration of this covenant shall automatically be extended for the period of time from which Executive began such violation until he permanently ceases such violation. 
 6. Notice. For purposes of this Agreement, notices and all other communications provided for in the Agreement shall be in
writing and shall be deemed to have been duly given when delivered or mailed by United States certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to the Executive: 
 At his home address as shown 
 in the Company’s personnel records; 
 If to the Company: 
 CIRCOR, Inc. 
 25 Corporate Drive 
 Burlington, MA 01803 
 Attention:  Board of Directors of CIRCOR
International, Inc. 
 or to such other address as either party may have furnished to the other in writing in accordance herewith, except that
notices of change of address shall be effective only upon receipt. 
 7. Not an Employment Contract. This
Agreement is intended only to provide those benefits for the Executive as set forth in Paragraph 3 in connection with a Change of Control. As such, this Agreement is not intended to and does not in anyway constitute an employment agreement or
other contract which would cause the employee to be considered anything other than an employee at will or to in any way be entitled to any specific payments or benefits from the Company in the event of a termination of employment not subject to
Paragraph 3 of this Agreement. 
  

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 8. Miscellaneous. No provisions of this Agreement may be modified, waived, or
discharged unless such waiver, modification, or discharge is agreed to in writing and signed by Executive and such officer of the Company as may be specifically designated by the Board. No waiver by either party hereto of or compliance with, any
condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or
otherwise, express or implied, unless specifically referred to herein, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. The validity, interpretation, construction, and
performance of this Agreement shall be governed by the laws of the Commonwealth of Massachusetts (without regard to principles of conflicts of laws). 
 9. Validity. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement,
which shall remain in full force and effect. The invalid portion of this Agreement, if any, shall be modified by any court having jurisdiction to the extent necessary to render such portion enforceable. 
 10. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but
all of which together will constitute one and the same instrument. 
 11. Arbitration; Other Disputes. In the
event of any dispute or controversy arising under or in connection with this Agreement, the parties shall first promptly try in good faith to settle such dispute or controversy by mediation under the applicable rules of the American Arbitration
Association before resorting to arbitration. In the event such dispute or controversy remains unresolved in whole or in part for a period of thirty (30) days after it arises, the parties will settle any remaining dispute or controversy
exclusively by arbitration in Boston, Massachusetts, in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. Notwithstanding the
above, the Company shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of Paragraph 4 or 5 hereof. 
 12. Litigation and Regulatory Cooperation. During and after Executive’s employment, Executive shall reasonably cooperate
with the Company and the Parent in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Company and/or the Parent which relate to events or occurrences that transpired
while Executive was employed by the Company; provided, however, that such cooperation shall not materially and adversely affect Executive or expose Executive to an increased probability of civil or criminal litigation. Executive’s cooperation
in connection with such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare for discovery or trial and to act as a witness on behalf of the Company and/or the Parent at mutually convenient times.
During and after Executive’s employment, Executive

  

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also shall cooperate fully with the Company and the Parent in connection with any investigation or review of any federal, state or local regulatory authority as any such investigation or review
relates to events or occurrences that transpired while Executive was employed by the Company. The Company shall also provide Executive with compensation on an hourly basis (to be derived from the sum of her Base Compensation and Average Incentive
Compensation) for requested litigation and regulatory cooperation that occurs after her termination of employment, and reimburse Executive for all costs and expenses incurred in connection with her performance under this Paragraph 12,
including, but not limited to, reasonable attorneys’ fees and costs. 
 13. Gender Neutral. Wherever used
herein, a pronoun in the masculine gender shall be considered as including the feminine gender unless the context clearly indicates otherwise. 
 IN WITNESS WHEREOF, the parties have executed this Agreement effective on the date and year first above written. 
  

			
	
	CIRCOR, INC.
		
	By:	 	     /s/ A. William Higgins

		 	A. William Higgins
		 	Chairman, President & Chief Executive Officer
	
	EXECUTIVE
	
	         /s/ Arjun Sharma

	        Arjun (AJ) Sharma

  

 9Incentive Stock Option Agreement

 Exhibit 10.3 
 Option Number:              
 FORM OF 
 SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC. 
 INCENTIVE STOCK OPTION AGREEMENT 
 2004 STOCK OPTION PLAN 
 AN INCENTIVE STOCK OPTION
(“Option”) to purchase a total of                  shares of the common stock, par value $0.01 per share (“Common Stock”), of Southern
National Bancorp of Virginia Inc., McLean, Virginia (the “Corporation”), is hereby granted
                                     (the
“Optionee”) pursuant to the 2004 Stock Option Plan (“Plan”) of the Corporation. The Option granted hereby is subject to all the terms and conditions of the Plan and this Agreement. The Plan is incorporated by reference
herein. Defined terms, unless otherwise defined herein, shall have the same meaning as set forth in the Plan. The term “Corporation” shall include the Corporation and any subsidiary corporation (as defined in Section 424(f) of the
Internal Revenue Code of 1986, as amended). 
 1. Option Price. The option price shall be
                         for each share of Common Stock eligible to the exercised hereunder, which price is 100% of the
Fair Market Value, as defined in Section 6(a) of the Plan, of the Common Stock on the date of grant of this Option. 
 2.
Exercise of Option. This Option shall be exercisable pursuant to the provisions of Section 9 of the Plan, as follows: 
 (a) Schedule of Right of Exercise. 
  

			
	 Years of Continuous
 Employment After Date of
 Grant of Option
	  	 Percentage of Total Shares of Common
 Stock Subject to Option Which May be
 Exercised

	after 1 year	  	20%
	after 2 years	  	40%
	after 3 years	  	60%
	after 4 years	  	80%
	after 5 years	  	100%

 The right to exercise the Option pursuant to the above schedule is cumulative.

 Notwithstanding the foregoing, the Option shall become immediately vested and exercisable in full on the date the Optionee
terminates his employment with the Corporation because of his death or disability (as defined in Section 11 of the Plan). Such accelerated vesting may result in all or a portion of this Option no longer qualifying as an Incentive Stock Option
(as defined in Section 2(c) of the Plan). Accelerated vesting shall not occur in the event of a change in control of the Corporation. 

 (b) Method of Exercise. This Option shall be exercisable by written notice to the
Secretary of the Corporation on the Incentive Stock Option Exercise Form provided herewith which shall: 
 (i) state the
election to exercise the Option, the number of shares with respect to which it is being exercised, the person in whose name the stock certificate or certificates for such shares of Common Stock is to be registered, his address and Social Security
number (or if more than one, the names, addresses and Social Security numbers of such persons); 
 (ii) be signed by the person
or persons entitled to exercise the Option and, if the Option is being exercised by any person or person other than the Optionee, be accompanied by proof, satisfactory to counsel for the Corporation, of the right of such person or persons to
exercise the Option; 
 (iii) be in writing and delivered in person or by certified mail to the Secretary of the Corporation at
its executive office located at 550 Broadview Avenue, Warrenton, Virginia 20186, Attention: R. Devon Porter, Secretary; and 
 (iv) be accompanied by payment for, or irrevocable instructions to a broker to sell, the shares of Common Stock with respect to which the Option is being exercised (payment for the Option in this manner will result in the loss of the
tax-advantaged nature of the Option). 
 Payment in full of the purchase price for shares of Common Stock purchased pursuant to
the exercise of the Option shall be made to the Corporation upon exercise of the Option. Payment for shares may be made by the Optionee (i) in cash or by check, or (ii) by delivery of a properly executed exercise notice, together with
irrevocable instructions to a broker to sell the shares and then to properly deliver to the Corporation the amount of sale proceeds to pay the exercise price, all in accordance with applicable laws and regulations, plus any required amount to meet
any tax withholding requirements of federal and/or state law, or (iii) any combination of the foregoing. 
 (c)
Restrictions on Exercise. This Option may not be exercised if the issuance of the shares of Common Stock upon such exercise would constitute a violation of any applicable federal or state securities law or regulation or any other law or valid
regulation. As a condition to the exercise of this Option, the Corporation may require the person exercising this Option to make any representation or warranty to the Corporation as may be required by any applicable law or regulation, and may
require the Optionee to comply with the matters set forth in Sections 9(d) and 14 of the Plan. 
 3. Non-transferability of
Option. This Option may not be transferred or assigned in any manner otherwise than by will or the laws of descent or distribution and may be exercised during the lifetime of the Optionee only by him. The terms of this Option shall be binding
upon the executors, administrators, heirs, successors and assigns of the Optionee. 
 4. Term of Option. This Option may
not be exercised later than the earlier to occur of (i) ten years from the date of grant of this Option, or if an Incentive Stock Option is granted to a ten percent shareholder, five years from the date of grant, or (ii) three
(3) months after the date on which the Optionee ceases to be employed by the Corporation and may be exercised during such term only

  

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in accordance with the Plan and the terms of this Agreement. If the Optionee terminates his employment with the Corporation as a result of disability (as defined in Section 11 of the Plan)
without having fully exercised his Option, all unvested and forfeitable Options shall immediately become vested and the Optionee shall have the right, during the twelve (12) month period following his termination due to disability, to exercise
such Options in accordance with the terms hereof and the Plan at the time of termination for disability. If the Optionee dies while in the employ of the Corporation or terminates employment with the Corporation as a result of disability and dies
without having fully exercised his vested Option, the executors, administrators, legatees or distributees of his estate shall have the right, during the twelve (12) month period following his death, to exercise such Option. If the Optionee
terminates his employment with the Corporation following a change in control of the Corporation without having fully exercised his Option, the Optionee shall have the right to exercise such Option to the extent vested at the time of such termination
during the remainder of the original ten (10) year term of the Option from the date of grant. Exercise of the Option more than three (3) months (or one (1) year in certain cases) after termination of employment will result in the loss
of the tax-advantaged nature of the Option. 
 5. Effect of Change in Control. If a tender offer or exchange offer for
shares of Common Stock (other than such an offer by the institution) is commenced, or if the shareholders of the Institution shall approve an agreement providing either for a transaction in which the Institution will cease to be an independent
publicly owned institution or for sale or other disposition of all or substantially all the assets of the Institution, this option shall (to the extent it is not then exercisable) become exercisable in full upon the happening of such event and shall
remain so exercisable for a period of sixty days following such date after which this option shall revert to being exercisable in accordance with the other provisions of this Option; provided, that the provisions of this Section 5 shall not be
deemed to cause this Option to be exercisable to the extent it has previously been exercised or otherwise terminated. 
 6.
Notice of Disposition; Withholding; Escrow. Optionee shall immediately notify the Corporation in writing of any sale, transfer, assignment or other disposition (or action constituting a disqualifying disposition within the meaning of
Section 421 of the Internal Revenue Code of 1986, as amended) of any shares of Common Stock acquired through exercise of this Option, within two (2) years after the date of the grant of the Option or within one (1) year after the
acquisition of such shares, setting forth the date and manner of disposition, the number of shares disposed of and the price at which such shares were disposed of. The Corporation shall be entitled to withhold from any compensation or other payments
then or thereafter due to the Optionee such amounts as may be necessary to satisfy any withholding requirements of federal or state law or regulation and, further, to collect from the Optionee any additional amounts which may be required for such
purpose. The Committee or the Board may, in their discretion, require shares of Common Stock acquired by an Optionee upon exercise of this Option to be held in an escrow arrangement for the purpose of enabling compliance with the provisions of
Section 8(g) of the Plan. 
 7. Administration. The authority to manage and control the operation and administration
of this Agreement shall be vested in the Committee, and the Committee shall have all powers with respect to this Agreement as it has with respect to the Plan. Any interpretation of the Agreement by the Committee and any decision made by it with
respect to the Agreement is final and binding in the absence of action by the Board. 
  

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 8. Terms and Conditions. The terms and conditions included in the Plan are
incorporated herein by reference, and to the extent that any conflict may exist between the terms and conditions included in the Plan and the terms of this Agreement, the terms and conditions included in the Plan shall control. 
 9. Not an Employment Contract. The Option will not confer on the Optionee any right with respect to continuance of employment or
other service with the Corporation, nor will it interfere in any way with any right the Company would otherwise have to terminate or modify the terms of the Optionee’s employment or other service at anytime. 
 10. Notices. Any written notices provided for in this Agreement or the Plan shall be in writing and shall be deemed sufficiently
given if either hand delivered or if sent by overnight courier or by postage paid first class mail. Notices sent by mail shall be deemed received three (3) business days after mailing but in no event later than the date of actual receipt.
Notices shall be directed, if to the Optionee, at the Optionee’s address indicated by the Corporation’s records, or if to the Corporation, at the Corporation’s executive office set forth in Section 2(b)(iii) hereof. 

11. No Rights As Shareholder. The Optionee shall not have any rights of a shareholder with respect to the shares subject to the
Option until a stock certificate has been duly issued following exercise of the Option as provided herein. 
 12. Exercise or
Forfeiture. Notwithstanding any provision of the Plan or this Option Agreement to the contrary, the Option will expire, to the extent not exercised, within forty-five (45) days following the receipt of notice from the primary federal
regulator (“Regulator”) of Sonabank, National Association (“Bank”) that (i) the Bank has not maintained its minimum capital requirements (as determined by the Regulator); and (ii) the Regulator is requiring exercise or
forfeiture of the Option. Upon receipt of such notice from the Regulator, the Corporation shall promptly notify each Optionee that he must exercise the Options granted to him prior to the end of the 45-day period or such earlier period as may be
specified by the Regulator or forfeit such Option(s). In case of forfeiture, no Optionee shall have cause of action, of any kind or nature, against the Corporation, the Bank or any of their respective officers or directors with respect to the
forfeiture. In addition, the Corporation shall not be liable to any Optionee due to the failure or inability of the Corporation to provide adequate notice to the Optionee. 
 13. Amendment. This Agreement may be amended by written agreement of the Optionee and the Corporation, without the consent of any
other person. 
  

 4 

 SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC. 
  

							
	Date of Grant:	 	  
	  	By:	 	  

		 		  		 	William H. Lagos
		 		  		 	Chief Financial Officer

  

			
	By	 	  

		 	        R. Devon Porter, Secretary
	(Seal)	 	

  

			
	OPTIONEE
		
	By:	 	  

	Name:	 	  

  

 5 

 SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC. 
 INCENTIVE STOCK OPTION EXERCISE FORM 
                                        
 , 20     
 Date 
  

			
	Attn:	 	R. Devon Porter, Secretary
		 	Southern National Bancorp of Virginia, Inc.
		 	550 Broadview Avenue
		 	Warrenton, Virginia 20186

 Dear Mr. Porter: 
 The undersigned elects to exercise his Incentive Stock Option to purchase                     
shares, par value $0.01 per share, of Common Stock of Southern National Bancorp of Virginia, Inc. (the “Option Shares”). 
 Delivered herewith in satisfaction of the required purchase price is (select applicable choice(s)): 
  

					
	          
	 	(a)	  	cash or a check payable to Southern National Bancorp of Virginia, Inc. in the amount of $            ;
or
			
	          
	 	(b)	  	irrevocable instructions to a broker to sell the Option Shares and then to properly deliver to the Corporation the amount of sale proceeds to pay the exercise price and any
applicable tax withholding (which manner of payment I acknowledge will result in a disqualifying disposition of my Option and the loss of the tax-advantaged nature of the Option to the extent exercised).

 The name or names to be on the stock certificates and the address and Social Security
number or addresses and Social Security numbers of such person or persons is as follows: 
  

			
	Name:	 	  

			
		
	Address:	 	  

					
	
	  

	        City	  	State	  	Zip Code        

			
		
	Social Security Number:	 	  

  

			
		 	Very truly yours,
		
		 	  

		 	(Signature of Person or Persons exercising the Option)
		
		 	  

		 	(Print Name)
		
		 	  

		 	(Print Address)
		
	Date received by the Corporation:

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