Document:

Exhibit 10.8

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT
AGREEMENT (this “Agreement”), dated as of this 23rd day of June, 2017, is made by and between (i) Southern
National Bancorp of Virginia, Inc. (“Company”) and Sonabank (the “Bank”) (collectively, the “Employer”)
and (ii) J. Adam Sothen (the “Executive”).

 

WHEREAS, the
Company and Eastern Virginia Bankshares, Inc. (“EVBS”) have entered into an Agreement and Plan of Merger dated December
13, 2016 (the “Merger Agreement”) whereby EVBS will merge with and into the Company (the “Merger”).

 

WHEREAS, Executive
is currently employed as the Chief Financial Officer of EVBS and the Executive Vice President and Chief Financial Officer of its
wholly-owned banking subsidiary, EVB.

 

WHEREAS, effective
upon the closing of the Merger (the “Effective Date”), the Company and the Bank wish to employ Executive as the Chief
Financial Officer (“CFO”) of the Company and the Bank, on the terms and conditions herein contained.

 

WHEREAS, Executive
wishes to accept such employment on the terms and subject to the conditions set forth herein.

 

NOW THEREFORE, in
consideration of the mutual covenants and agreements set forth herein, conditioned upon the closing of the Merger, the parties
agree as follows:

 

1.            Employment
and Duties.

 

(a)          Executive
shall be employed as Chief Financial Officer of the Company and the Bank (the “Position”) on the terms and subject
to the conditions of this Agreement. Executive accepts such employment and agrees to perform the duties and responsibilities of
the Position, as may be assigned to Executive by the Chief Executive Officer or Board of Directors of the Company or the Bank.
Unless otherwise specified hereafter, any services performed by Executive shall be for the benefit of the Bank and, therefore,
any payments or benefits paid to Executive pursuant to this Agreement shall be the sole responsibility of the Bank even if referred
to herein as paid by the Company; provided, however, the Bank’s obligation to make any payments owed to Executive under this
Agreement shall be discharged to the extent compensation payments are made by the Company.

 

(b)          Executive
shall devote his best efforts and full time to rendering services on behalf of the Employer in furtherance of its best interests.
Executive shall comply with all policies, standards and regulations of the Employer now or hereafter promulgated, and shall perform
his duties under this Agreement to the best of his abilities and in accordance with standards of conduct applicable to chief financial
officers of banks.

 

2.            Term.
The Term (as defined below) of this Agreement is effective as of the Effective Date and will continue through the earlier of (i)
December 31, 2019 (the “Initial Term”) or (ii) the date this Agreement otherwise terminates pursuant to Section 6 or
Section 16 below; provided, however, that, at the end of the Initial Term, if this Agreement has not been

 

     

     

    

 

previously terminated pursuant to Section
6 or Section 16 below, this Agreement shall be automatically extended for a one-year term (a “Renewal Term”), commencing
at the end of the Initial Term, unless either party gives written notice of non-renewal no later than thirty (30) days prior to
the end of the Initial Term. This Agreement shall continue to be further extended for an additional one-year term at the end of
each Renewal Term, unless either party gives written notice of non-renewal no later than thirty (30) days prior to the end of the
applicable Renewal Term. During the Initial Term or any Renewal Term, this Agreement may be terminated at any time pursuant to
Section 6 or Section 16 below. The term of this Agreement, including all Renewal Terms, if any, is referred to herein as the “Term.”

 

3.            Compensation.

 

(a)          Base
Salary. During the Term, the Employer shall cause Executive to be paid an annual base salary of $193,784.87, paid in equal
installments to Executive in accordance with the Employer’s established payroll practices (but no less frequently than monthly).
The Company’s Board of Directors (the “Board of Directors”) or a committee thereof, in its discretion, may increase
Executive's base salary during the term. Without limiting the foregoing, the Compensation Committee (the “Compensation
Committee”) of the Board of Directors shall review Executive’s base salary at its first meeting immediately following
the Effective Date and may increase, but not decrease, such base salary in connection with such review. The Employer shall withhold
state and federal income taxes, social security taxes and such other payroll deductions as may from time to time be required by
law or agreed upon in writing by Executive and the Employer. The Employer shall also withhold and remit to the proper party any
amounts agreed to in writing by the Employer and Executive for participation in any corporate sponsored benefit plans for which
a contribution is required. Except as otherwise expressly set forth hereunder, no compensation shall be paid pursuant to this Agreement
in respect of any month or portion thereof subsequent to any termination of Executive’s employment by the Employer.

 

(b)          Annual
Bonuses. Executive shall receive only such annual bonuses as the Board of Directors or its Compensation Committee, in its sole
discretion, decides to pay to Executive. Any such bonus shall be paid annually by March 15 of the year following the fiscal year
for which performance is being evaluated.

 

(c)          Equity
Awards. Executive will be eligible to receive equity awards from the Company, in such manner and subject to such terms and
conditions as the Board of Directors or the Compensation Committee, in its sole discretion, may determine.

 

(d)          Clawback.
Executive agrees that any incentive compensation (including both equity and cash incentive compensation) that Executive receives
from the Employer or a related entity is subject to repayment (i.e., clawback) to the Employer or such related entity as determined
by the Board of Directors or the Compensation Committee in the event (i) of a restatement of the Company’s or the Bank’s
financial results (other than a restatement caused by a change in applicable accounting rules or interpretations) the result of
which is that the financial statements were materially inaccurate and any incentive compensation paid would have been a materially
lower amount had it been calculated based on such restated results or (ii) the repayment is otherwise required by applicable federal
or state law or regulation or stock

 

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exchange requirement, or by a separate
“clawback” policy, as may be adopted from time to time by the Board of Directors. Except where offset of, or recoupment
from, incentive compensation covered by Code Section 409A (as defined in Section 19 below) is prohibited by Code Section 409A,
to the extent allowed by law and as determined by the Compensation Committee, Executive agrees that such repayment may, in the
discretion of the Compensation Committee, be accomplished by withholding of future compensation to be paid to Executive by the
Employer. Any recovery of incentive compensation covered by Code Section 409A shall be implemented in a manner which complies with
Code Section 409A.

 

4.            Benefits.

 

(a)          Corporate
Benefit Plans. Executive shall be entitled to participate in or become a participant in any employee benefit plan maintained
by the Employer for which he is or will become eligible on such terms as the Board of Directors or the Compensation Committee may,
in its discretion, establish, modify or otherwise change.

 

(b)          Personal
Time Off. Executive shall be entitled to thirty one (31) days of paid time off ("PTO") each year (or such greater
annual number of days provided under the Employer's PTO policy) which shall be taken in accordance with the Employer's PTO Policy.

 

5.            Reimbursement
of Expenses. Executive shall be reimbursed upon Executive’s incurring reasonable and customary business expenses in connection
with the performance of his duties, subject to presentation of adequate substantiation, including receipts, for the reasonable
business travel, entertainment, lodging, and other business expenses incurred by Executive. In no event will such reimbursements
be made later than the last day of the calendar month following the calendar month in which Executive submits the request for payment
of the reimbursable expense, which shall be submitted no later than sixty (60) days after the expense is incurred.

 

6.            Termination
of Employment.

 

(a)          Death
or Incapacity. Executive’s employment under this Agreement shall terminate automatically upon Executive’s death.
Executive’s spouse, if she survives Executive, or, if not, Executive’s estate shall receive (i) any unpaid base salary
which otherwise would be payable to Executive through the date of termination payable in a lump sum as soon as administratively
feasible following termination, but not later than thirty (30) days thereafter; (ii) any annual bonus compensation earned and awarded
pursuant to Section 3(b) above or any other incentive compensation for the prior fiscal year, but not yet paid as of the date of
termination, payable on the earlier of (A) the thirtieth (30th) day after the date of termination, or (B) when otherwise
due; (iii) any benefits or awards vested, due and owing pursuant to the terms of any other plans, policies or programs, payable
when otherwise due (hereinafter subsections (i) – (iii) collectively are referred to as the “Accrued Obligations”).
Executive’s spouse, if she survives Executive, or, if not, Executive’s estate shall also receive an amount equal to
Executive’s base salary from the date of his death through the end of the month in which his death occurs, payable in a lump
sum as soon as administratively feasible following his death, but not later than thirty (30) days thereafter. If the Employer determines
that Incapacity (as defined below) of Executive has occurred, it may terminate Executive’s employment and this Agreement
upon ninety (90) days’ written notice, provided that, within ninety (90) days after receipt of such

 

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notice, Executive shall not have returned
to full-time performance of Executive’s assigned duties. In the event of a termination due to “Incapacity,” the
Employer shall pay the Accrued Obligations to Executive. For purposes of this Agreement, “Incapacity” shall occur if
(i) Executive is unable to perform the material functions of his position for thirteen (13) consecutive weeks and is then deemed
to be permanently unable to continue in the Position by a physician selected by the Employer or its insurer, and acceptable to
Executive or his legal representative, which consent shall not be unreasonably withheld, or (ii) Executive is deemed disabled as
defined in the policy of disability insurance maintained by the Employer for the benefit of Executive (and others if a group policy).
Notwithstanding any other provision in this Agreement, the Employer shall comply with all requirements of the Americans with Disabilities
Act. Further, if Executive’s employment is terminated due to death or “Incapacity,” then no payments (other than
the Accrued Obligations and spousal death benefit described above) shall be owed or paid, including those under Section 7(a) or
Section 9(a).

 

(b)          Termination
by Employer With or Without Cause. The Employer may terminate Executive’s employment at any time during the Term of this
Agreement, with or without notice (unless otherwise required herein) and with or without Cause. For purposes of this Agreement,
“Cause” shall mean:

 

(i)          Executive’s
willful misconduct in connection with the performance of Executive’s duties;

 

(ii)         Executive’s
misappropriation or embezzlement of funds or material property of the Employer or any affiliate;

 

(iii)        Executive’s
fraud or dishonesty with respect to the Employer or any affiliate;

 

(iv)        Executive’s
failure to perform any of the material duties and responsibilities required by the Position (other than by reason of Incapacity),
or Executive’s failure to follow reasonable instructions or policies of the Employer, in either case after being advised
in writing of such failure and being given a reasonable opportunity and period (as determined by the Employer in its reasonable
business judgment) to remedy such failure (if such breach or violation is capable of being remedied), which period shall be not
less than thirty (30) days;

 

(v)         Executive’s
conviction of, indictment for (or the procedural equivalent), or entering of a guilty plea or plea of no contest with respect to
any felony or any misdemeanor involving moral turpitude;

 

(vi)        Executive’s
breach of a material term of this Agreement, or violation in any material respect of any policy, code or standard of behavior generally
applicable to officers of the Company and the Bank, after being advised in writing of such breach or violation and being given
a reasonable opportunity and period (as determined by the Employer in its reasonable business judgment) to remedy such breach or
violation (if such breach or violation is capable of being remedied), which period shall be not less than thirty (30) days;

 

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(vii)       Executive’s
willful violation of any final cease and desist order;

 

(viii)      Executive’s
breach of any fiduciary duty owed to the Employer or its affiliates; or

 

(ix)         Executive’s
engaging in conduct that, if it became known by any regulatory or governmental agency or the public, would be or is reasonably
likely to result, in the good faith judgment of the Employer, in material injury to the Company or the Bank, monetarily or otherwise.

 

(c)          Termination
by Executive for Good Reason. Executive may terminate employment for Good Reason. For purposes of this Agreement, “Good
Reason” shall mean:

 

(i)          The
assignment of duties to Executive by the Employer which result in Executive having materially less authority or responsibility
than he has on the Effective Date, without his express written consent;

 

(ii)         Requiring
Executive to maintain his principal office outside of the Richmond, Virginia and any contiguous counties unless the Employer moves
its principal executive offices to the place to which Executive is required to move;

 

(iii)        A
material reduction by the Employer of Executive’s base salary, as the same may have been increased from time to time; or

 

(iv)        The
failure of the Employer to comply with any material term of this Agreement.

 

Executive is required to provide written
notice to the Employer detailing the existence of a condition described above in this Section 6(c) within a thirty (30) day period
after the initial existence of the condition, and the Employer shall have thirty (30) days after notice to remedy the condition
without liability. In addition to the foregoing requirements, to trigger payment under this Section 6(c), Executive must also terminate
employment within ninety (90) days after the initial occurrence of the event constituting “Good Reason” and the Employer
must have been allowed the full opportunity to cure, as set forth above.

 

Notwithstanding the above, “Good
Reason” shall not include any resignation by Executive where Cause for Executive’s termination by the Employer exists
under Section 6(b), or there is an isolated, insubstantial or inadvertent action by the Employer (provided that such action is
remedied by the Employer after written notice by Executive); and shall not include any action by the Employer taken before the
Effective Date of this Agreement.

 

(d)          Other.
Executive’s employment hereunder may be terminated voluntarily by Executive without Good Reason upon ninety (90) days’
written notice to the Employer or at any time by mutual agreement in writing. In the event of such voluntary termination notice
by Executive without Good Reason, the Employer may terminate Executive’s employment prior to the expiration of the notice
period without incurring any liability under Section 7, and the Employer shall be required only to pay Executive’s base salary
through the balance of the notice

 

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period (with such payments to be made in
accordance with the Employer’s established payroll practices (but no less frequently than monthly)), not to exceed ninety
(90) days, plus any Accrued Obligation (as defined Section 6(a)).

 

7.            Obligations
Upon Termination.

 

(a)          Without
Cause or for Good Reason. If either the Employer terminates Executive’s employment without Cause or Executive terminates
his employment for Good Reason during the Term (including the last day of the Term), Executive shall be entitled to receive, subject
to any applicable delay set forth in Section 19 below:

 

(i)          The
Accrued Obligations (as defined in Section 6(a)); and

 

(ii)         Subject
to Executive's signing, delivering and not revoking the Release attached as Exhibit A, which Release must be signed,
delivered and not revoked within the period set forth in the Release:

 

(A) Payment
of a monthly amount equal to one-twelfth (1/12) his rate of annual base salary in effect immediately preceding such termination
for twenty-four (24) months, payable in accordance with the Employer’s established payroll practices (but no less frequently
than monthly), provided that the amounts Executive would otherwise have received during the sixty (60) days after Executive's termination
had the payments begun immediately after Executive's termination of employment shall be paid in a lump sum on the sixtieth (60th)
day after Executive's termination of employment (the “Severance Benefit”); and

 

(B) For twenty-four
(24) months after the date of termination, Executive shall receive coverage under all employee health insurance programs or plans
(medical, dental and vision) (“Health Care Plans”) in which Executive and/or his spouse and any of his dependents were
entitled to participate immediately prior to such termination, with the Employer paying the employer portion of the premium therefor
(the “Heath Care Continuance Benefit”), provided that the continued participation of Executive and/or his spouse and
any of his dependents is possible under the general terms and provisions of the Health Care Plans. If the Employer cannot maintain
such coverage for Executive or his spouse or dependents under the terms and provisions of the Health Care Plans (or where such
continuation would adversely affect the tax status of the Health Care Plans pursuant to which the coverage is provided), the Employer
shall provide the Health Care Continuance Benefit by either providing substantially identical benefits directly or through an insurance
arrangement or by paying Executive the estimated cost of the expected premium for twenty-four (24) months after the date of termination
with such payments to be made in accordance with the Employer’s established payroll practices (but no less frequently than
monthly) for employees generally for the period during which such cash payments are to be provided. To the extent allowed by applicable
law, the 24-month Health Care Continuance Benefit period shall run concurrently with the period for which Executive and/or his
spouse and any of his dependents would be eligible for continuation coverage under the Consolidated Omnibus Reconciliation Act
of 1985

 

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(the “COBRA Period”),
although the 24-month Health Care Continuance Benefit period will continue to run after the COBRA Period has ended.

 

Notwithstanding the foregoing, and in addition
to the Employer’s remedies set forth in Section 7(f), all such payments and benefits under Section 7(a) otherwise to be made
after Executive’s termination of employment shall cease to be paid, and the Employer shall have no further obligation with
respect thereto, in the event Executive, without the consent of the Employer, engages in any activity prohibited in Section 7 or
any of its sub-parts or breaches Section 8.

 

(b)          Non-Competition.
In consideration for the Employer’s entering into this Agreement and in exchange for the benefits promised herein, and other
valuable consideration, Executive agrees that Executive will not engage in “Competition” for a period of twelve (12)
months after Executive’s employment with the Employer ceases for any reason, including termination of employment upon the
expiration or non-renewal of this Agreement at the end of the Initial Term or any Renewal Term. For purposes hereof, “Competition”
means Executive’s performing duties that are the same as or substantially similar to those duties performed by Executive
for the Company or the Bank or its affiliates during the twelve (12) months prior to the cessation of Executive’s employment,
as an officer, a director, an employee, a partner or in any other capacity, within a twenty-five (25) mile radius of the headquarters
of the Company and the headquarters of the Bank (or any Virginia headquarters of any successor of any of them in the event of a
merger consummated as of the last day of employment), as such locations exist as of the date Executive’s employment ceases,
if those duties are performed for a bank holding company of, or for, a bank or other financial institution that provides products
or services that are the same as or substantially similar to, and competitive with, any of the products or services provided by
the Bank at the time Executive’s employment ceases.

 

(c)          Non-Piracy.
In consideration for the Employer’s entering into this Agreement and in exchange for the benefits promised herein, and other
valuable consideration, Executive agrees that for a period of twelve (12) months after Executive’s employment ceases for
any reason, including termination of employment upon the expiration or non-renewal of this Agreement at the end of the Initial
Term or any Renewal Term, Executive will not, directly or indirectly, solicit, divert from the Bank or transact business with any
“Customers” of the Bank with whom Executive had “Material Contact” during the last twelve (12) months of
Executive’s employment or about whom Executive obtained information not known generally to the public while acting within
the scope of his employment during the last twelve (12) months of employment, if the purpose of such solicitation, diversion or
transaction is to provide products or services that are the same as or substantially similar to, and competitive with, those offered
by the Bank at the time Executive’s employment ceases. “Material Contact” means that Executive personally communicated
with the Customer, either orally or in writing, for the purpose of providing, offering to provide or assisting in providing products
or services of the Bank during the last twelve (12) months of Executive’s employment. “Customer” means any person
or entity with whom the Bank had a depository or other contractual relationship, pursuant to which the Bank provided products or
services during the last twelve (12) months of Executive’s employment.

 

(d)          Non-Solicitation.
In consideration for the Employer’s entering into this Agreement and in exchange for the benefits promised herein, and other
valuable consideration,

 

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Executive agrees that for a period of twelve
(12) months after Executive’s employment ceases for any reason, including termination of employment upon the expiration or
non-renewal of this Agreement at the end of the Initial Term or any Renewal Term, Executive will not, directly or indirectly, hire
any person employed by the Employer or solicit for hire or induce any person to terminate employment with the Employer, if the
purpose is to compete with the Employer. The parties agree that Executive will not be in violation of this sub-paragraph (d) if
he has no personal involvement, directly or indirectly, in the hiring, solicitation or inducement of the Employer’s employee(s),
as referenced above.

 

(e)          For
Cause; Other Than for Good Reason. If Executive’s employment is terminated for Cause or if Executive voluntarily terminates
his employment other than for Good Reason, this Agreement shall terminate without any further obligation of the Employer to Executive
other than the payment to Executive of the Accrued Obligations and as provided in Section 6(d) above.

 

(f)          Remedies.
Executive acknowledges that the covenants set forth in Sections 7 and 8 of this Agreement are just, reasonable, and necessary to
protect the legitimate business interests of the Employer. Executive further acknowledges that if Executive breaches or threatens
to breach any provision of Sections 7 and 8, the Employer’s remedies at law will be inadequate, and the Employer will be
irreparably harmed. Accordingly, the Employer shall be entitled to an injunction, both preliminary and permanent, restraining Executive
from such breach or threatened breach, such injunctive relief not to preclude the Employer from pursuing all available legal and
equitable remedies, and being entitled to all reasonable attorney’s fees and costs incurred in connection with the breach,
threatened breach, or any challenge to the enforceability of Sections 7 or 8.

 

(g)          Non-Renewal
or Termination of the Agreement. In the event (i) Executive's employment is terminated by the Employer without Cause or by
the Executive with Good Reason (which shall have the meaning set forth in Section 6(c) without regard to Section 6(c)(iv)) after
the end of the Term and (ii) Executive is subject to the restrictions in Section 7(b), Executive shall be entitled to the payments
referenced in Section 7(a)(i) and 7(a)(ii)(A), provided that (i) the term "twelve (12) months" shall be substituted for
the term "twenty-four (24) months" in Section 7(a)(ii)(A) and (ii) Executive complies with the Release requirements set
forth in Section 7(a)(ii). All such payments provided in this Section 7(g) shall cease to be paid, and the Employer shall have
no further obligation with respect thereto, in the event Executive, without the consent of the Employer, engages in any activity
prohibited in Section 7(b), 7(c) or 7(d) or breaches Section 8.

 

8.            Confidentiality.
As an employee of the Employer, Executive will have access to and may participate in the origination of non-public, proprietary
and confidential information relating to the Company and the Bank and/or their affiliates and Executive acknowledges a fiduciary
duty owed to the Employer and its affiliates not to disclose any such information. Confidential information may include, but is
not limited to, trade secrets, customer lists and information, internal corporate planning, methods of marketing and operation,
and other data or information of or concerning the Employer and its affiliates or their customers that is not generally known to
the public or generally in the banking industry. Executive agrees that for a period of five (5) years following the cessation of
employment, Executive will not use or

 

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disclose to any third party any such confidential
information, either directly or indirectly, except as may be authorized in writing specifically by the Employer; provided, however
that to the extent the information covered by this Section 8 is otherwise protected by the law, such as “trade secrets,”
as defined by the Virginia Uniform Trade Secrets Act, or customer information protected by banking privacy laws, that information
shall not be disclosed or used for however long the legal protections applicable to such information remain in effect.

 

Nothing in this Agreement
restricts or prohibits Executive or Executive’s counsel from initiating communications directly with, responding to any inquiry
from, volunteering information to, or providing testimony before a self-regulatory authority or a governmental, law enforcement
or other regulatory authority, including the U.S. Equal Employment Opportunity Commission, the Department of Labor, the National
Labor Relations Board, the Department of Justice, the Securities and Exchange Commission, the Financial Industry Regulatory Authority,
the Congress, and any Office of Inspector General (collectively, the “Regulators”), from participating in any reporting
of, investigation into, or proceeding regarding suspected violations of law, or from making other disclosures that are protected
under or from receiving an award for information provided under the whistleblower provisions of state or federal law or regulation. 
Executive does not need the prior authorization of the Company to engage in such communications with the Regulators, respond to
such inquiries from the Regulators, provide confidential information or documents containing confidential information to the Regulators,
or make any such reports or disclosures to the Regulators.  Executive is not required to notify the Employer that Executive
has engaged in such communications with the Regulators. Executive recognizes and agrees that, in connection with any such activity
outlined above, Executive must inform the Regulators that the information Executive is providing is confidential.

 

Federal law provides
certain protections to individuals who disclose a trade secret to their attorney, a court, or a government official in certain,
confidential circumstances.  Specifically, federal law provides that an individual shall not be held criminally or civilly
liable under any federal or state trade secret law for the disclosure of a trade secret under either of the following conditions:

 

		·	Where the disclosure is made (a) in confidence to a federal, state or local government official,
either directly or indirectly, or to an attorney; and (b) solely for the purpose of reporting or investigating a suspected violation
of law; or

 

		·	Where the disclosure is made in a complaint or other document filed in a lawsuit or other proceeding,
if such filing is made under seal. 

 

Federal law also provides
that an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the
trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual
(a) files any document containing the trade secret under seal; and (b) does not disclose the trade secret, except pursuant to court
order. 

 

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9.          Termination
After Change of Control.

 

(a)          Without
Cause or for Good Reason. If Executive’s employment is involuntarily terminated without Cause within one (1) year after
a Change of Control (as defined below) shall have occurred or if Executive resigns for Good Reason within one (1) year after a
Change of Control shall have occurred, Executive shall be entitled to receive, subject to any applicable delay set forth in Section
19 below:

 

(i)          The
Accrued Obligations (as defined in Section 6(a));

 

(ii)         Subject
to Executive’s signing, delivering and not revoking the Release attached as Exhibit A, which Release must be signed,
delivered and not revoked within the period set forth in the Release:

 

(A)  The
Severance Benefit (as defined in Section 7(a)(ii)(A)) but, instead of the time and form of payment set forth in 7(a)(ii)(A), payable
in one lump sum on the sixtieth (60th) day following Executive's termination of employment;

 

(B)  The
Heath Care Continuance Benefit (as defined in Section 7(a)(ii)(B)); and

 

(C)  An
additional amount, payable in one lump sum on the sixtieth (60th) day following Executive's termination of employment,
equal to two (2) times the highest annual bonus compensation pursuant to Section 3(b) above earned by Executive for the three (3) immediately
preceding complete fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Employer.
For the avoidance of any doubt, if the Employer makes a determination to award no annual bonus compensation to Executive for the
three (3) immediately preceding complete fiscal years or such fewer number of complete fiscal years as Executive may have
been employed by the Employer, then no amount is payable under this Section 9(a)(ii)(C).

 

Notwithstanding the
foregoing, and in addition to the Employer’s remedies set forth in Section 7(f), all such payments and benefits under Section
9(a) otherwise to be made after Executive’s termination of employment shall cease to be paid, and the Employer shall have
no further obligation with respect thereto, in the event Executive, without the consent of the Employer, engages in any activity
prohibited in Section 7(c) and Section 7(d) or breaches Section 8.

 

(b)          Covenants
Cease to Apply. Notwithstanding any other provision in this Agreement, Executive’s obligations under Section 7(b) above
shall not apply following a Change of Control that occurs after the Effective Date.

 

(c)          Modified
Cutback of Compensation Deemed to be Contingent on a Change of Control. If any benefits or payments are to be made under the
terms of this Agreement or any other agreement between Executive and the Employer following a transaction that constitutes a change
in the ownership or effective control of the Employer or in the ownership of a substantial portion of the assets of the Employer
such that the provisions of Section 280G of the Internal

 

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Revenue Code of 1986, as amended, and any
regulations thereunder (“Code Section 280G”) or Section 4999 of the Internal Revenue Code and any regulations thereunder
could potentially apply to such compensation, then the following provisions shall be applicable:

 

(i)                           In
the event the independent accountants serving as auditors for the Employer on the date of a change of control within the meaning
of Code Section 280G (or any other accounting firm designated by the Employer) determine that some or all of the payments or benefits
scheduled under this Agreement, as well as any other payments or benefits on such change of control, would be nondeductible by
the Employer under Code Section 280G, then the payments scheduled under this Agreement and all other agreements between Executive
and the Employer will be reduced to one dollar less than the maximum amount which may be paid without causing any such payment
or benefit to be nondeductible. Any reduction of benefits or payments required to be made under this Section 9(c)(i) shall be taken
in the following order: first from cash compensation and then from payments or benefits not payable in cash, in each case in reverse
order beginning with payments or benefits which are to be paid the farthest in time from the date of determination.

 

(ii)                          Notwithstanding
the foregoing Section 9(c)(i), in the event the independent accountants serving as auditors for the Employer on the date of a change
of control within the meaning of Code Section 280G (or any other accounting firm designated by the Employer) determine that the
net economic benefit to Executive after payment of all income and excise taxes is greater without giving effect to Section 9(c)(i)
than Executive’s net economic benefit after a reduction by reason of the application of Section 9(c)(i), then Section 9(c)(i)
shall be a nullity and without any force or effect. Any decisions regarding the requirement or implementation of the reductions
to compensation described in Section 9(c)(i) shall be made by the independent accountants serving as auditors for the Employer
on the date of a change of control within the meaning of Code Section 280G (or any other accounting firm designated by the Employer),
shall be made at the Employer’s expense and shall be binding on the parties.

 

(d)          Superseding
Provisions. The benefits and payments set forth in Section 9(a) that may be due in connection with a Change of Control shall
supersede all payments, entitlements and benefits of Executive otherwise payable under Section 7(a). The benefits and payments
due under Section 9(a) replace those in Section 7(a), and are not cumulative thereof.

 

(e)          For
Cause; Other Than for Good Reason. If Executive’s employment is terminated for Cause or if Executive voluntarily terminates
his employment other than for Good Reason, within one (1) year after a Change of Control, this Agreement shall terminate without
any further obligation of the Employer to Executive other than the payment to Executive of the Accrued Obligations.

 

10.          Change
of Control Defined. For purposes of this Agreement, a “Change of Control” occurs if (a) any person, including persons
acting as a group, as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, becomes the owner or beneficial owner
of

 

    11 

     

    

 

securities of the Company having fifty
percent (50%) or more of the combined voting power of the then outstanding securities of the Company that may be cast for the election
of the Company’s directors other than a result of an issuance of securities initiated by the Company, or open market purchases
approved by the Board of Directors, as long as the majority of the Board of Directors approving the purchases constitutes a majority
of the Board of Directors at the time the purchases are made; (b) during any twelve-month period, as the direct or indirect result
of, or in connection with, a tender or exchange offer, a merger or other business combination, a sale of assets, a contested election
of directors, or any combination of these events, the persons who were directors of the Company before such events cease to constitute
a majority of the Board of Directors or any successor’s board, as applicable. For purposes of this Agreement, a Change of
Control occurs on the date on which an event described in (a) – (b) occurs. If a Change of Control occurs on account of a
series of transactions or events, the Change of Control occurs on the date of the last of such transactions or events. The above
definition of Change of Control is intended to, and shall be interpreted in a manner as to, comply with the requirements of Code
Section 409A. For the avoidance of any doubt, for all purposes under this Agreement, a Change of Control shall not include the
Merger or any related transaction.

 

11.          Documents.
All documents, records, tapes and other media of any kind or description relating to the business of the Employer or any of its
affiliates or subsidiaries (the “Documents”), whether or not prepared by Executive, shall be the sole and exclusive
property of the Employer. The Documents (and any copies) shall be returned to the Employer upon Executive’s termination of
employment for any reason or at such earlier time or times as the Board of Directors of the Company or the Bank or its designee
may specify.

 

12.          Suspension
or Temporary Prohibition of Services; Permanent Prohibition of Services. If Executive is suspended and/or temporarily prohibited
from participating in the conduct of the Employer’s affairs by a notice served pursuant to the Federal Deposit Insurance
Act, the Employer’s obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate
proceedings. If the charges in the notice are dismissed, the Employer may in its discretion (a) pay Executive all or part of the
compensation withheld while its contract obligations were suspended, and (b) reinstate (in whole or in part) any of its obligations
which were suspended. If Executive is removed and/or permanently prohibited from participating in the conduct of the Employer’s
affairs by an order issued under the Federal Deposit Insurance Act or the Code of Virginia, all obligations of the Employer under
this Agreement shall terminate as of the effective date of the order, but vested rights of the parties shall not be affected.

 

13.          Severability.
If any provision of this Agreement, or part thereof, is determined to be unenforceable for any reason whatsoever, it shall be severable
from the remainder of this Agreement and shall not invalidate or affect the other provisions of this Agreement, which shall remain
in full force and effect and shall be enforceable according to their terms. No covenant shall be dependent upon any other covenant
or provision herein, each of which stands independently.

 

14.          Governing
Law/Venue. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia. The
parties further agree that venue in the event of a dispute shall be exclusively in the Circuit Court of Henrico County, Virginia,
or

 

    12 

     

    

 

the applicable federal court encompassing
that jurisdiction, at the sole option of the Employer, and Executive agrees not to object to venue.

 

15.          Notices.
All written notices required by this Agreement shall be deemed given when delivered personally or sent by registered or certified
mail, return receipt requested, to the parties at the following addresses (or to such other address as the party entitled to notice
shall hereafter designate in accordance with the terms hereof):

 

	To the Employer:	Chairman of the Board of Directors
	 	Southern National Bancorp of Virginia, Inc.
	 	 
	 	6830 Old Dominion Drive
	 	McLean, Virginia 22101
	 	 
	To Executive:	J. Adam Sothen
	 	 
	 	At your home address as shown
    on the records of the Employer. 

 

16.          Amendment
and Termination of Agreement. This Agreement may not be varied, altered, modified or in any way amended except by an instrument
in writing executed by the parties hereto or their legal representatives. Except as specifically set forth herein, including pursuant
to the provisions of Section 6 above, this Agreement may not be terminated except by an instrument in writing executed by the parties
hereto or their legal representatives, provided, however, and notwithstanding anything in this Agreement to the contrary, the Employer
or its successor has the unilateral right to terminate this Agreement and pay out the full value of all benefits hereunder in one
lump sum payment in connection with a Change of Control pursuant to, and in compliance with, Treasury Regulation § 1.409A-3(j)(4)(ix)(B).

 

17.          Binding
Effect. This Agreement shall be binding upon Executive and on the Employer, its successors and assigns on the Effective Date,
subject to the approval by the Boards of Directors of the Company and the Bank. The Employer will require any successor to all
or substantially all of the business, stock or assets of the Employer to assume expressly and agree to perform this Agreement in
the same manner and to the same extent that the Employer would be required to perform it if no such succession had taken place.
Failure of the Employer to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement
by the Employer. This Agreement shall be freely assignable by the Employer.

 

18.          No
Construction Against Any Party. This Agreement is the product of informed negotiations between Executive and the Employer.
If any part of this Agreement is deemed to be unclear or ambiguous, it shall be construed as if it were drafted jointly by all
parties. Executive and the Employer agree that neither party was in a superior bargaining position regarding the substantive terms
of this Agreement.

 

19.          Code
Section 409A Compliance.

 

(a)          The
intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Internal Revenue Code
of 1986, as amended, and

 

    13 

     

    

 

applicable guidance thereunder (“Code
Section 409A”) or comply with an exemption from the application of Code Section 409A and, accordingly, all provisions of
this Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Code Section
409A.

 

(b)          A
termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the
form or timing of payment of any amounts or benefits upon or following a termination of employment unless such termination is also
a “separation from service” (within the meaning of Code Section 409A) and, for purposes of any such provision of this
Agreement under which (and to the extent) deferred compensation subject to Code Section 409A is paid, references to a “termination”
or “termination of employment” or like references shall mean separation from service. A “separation from service”
shall not occur under Code Section 409A unless such Executive has completely severed Executive’s relationship with the Employer
or Executive has permanently decreased Executive’s services to twenty percent (20%) or less of the average level of bona
fide services over the immediately preceding thirty-six (36) month period (or the full period if Executive has been providing services
for less than thirty-six (36) months). A leave of absence shall only trigger a termination of employment that constitutes a separation
from service at the time required under Code Section 409A. If Executive is deemed on the date of separation from service with the
Employer to be a “specified employee”, within the meaning of that term under Code Section 409A(a)(2)(B) and using the
identification methodology selected by the Employer from time to time, or if none, the default methodology, then with regard to
any payment or benefit that is required to be delayed for six (6) months in compliance with Code Section 409A(a)(2)(B), such payment
or benefit shall be paid with interest on the earlier of (i) the first day of the seventh (7th) month measured from
the date of Executive’s separation from service or (ii) the date of Executive’s death. The amount of interest to be
paid shall be based on the prime rate of interest in effect on the first day of the month following the Executive's separation
from service as reported in the Wall Street Journal. In the case of benefits required to be delayed under Code Section 409A, however,
Executive may pay the cost of benefit coverage, and thereby obtain benefits, during such six (6) month delay period and then be
reimbursed by the Employer thereafter on the first day of the seventh (7th) month following the date of Executive’s
separation from service or, if earlier, on the date of Executive’s death.

 

(c)          With
regard to any provision herein that provides for reimbursement of expenses or in-kind benefits subject to Code Section 409A, except
as permitted by Code Section 409A, (i) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange
for another benefit, and (ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable
year shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year, provided
that the foregoing clause (ii) shall not be violated with regard to expenses reimbursed under any arrangement covered by Code Section
105(b) solely because such expenses are subject to a limit related to the period the arrangement is in effect. All reimbursements
shall be reimbursed in accordance with the Employer’s reimbursement policies but in no event later than the calendar year
following the calendar year in which the related expense is incurred.

 

    14 

     

    

 

(d)          If
under this Agreement, an amount is to be paid in two or more installments, for purposes of Code Section 409A, each installment
shall be treated as a separate payment.

 

(e)          When,
if ever, a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall
be made within ten (10) days following the date of termination”), the actual date of payment within the specified period
shall be within the sole discretion of the Employer. In the event any payment payable upon termination of employment would be exempt
from Code Section 409A under Treas. Reg. § 1.409A-1(b)(9)(iii) but for the amount of such payment, the determination of the
payments to the Executive that are exempt under such provision shall be made by applying the exemption to payments based on chronological
order beginning with the payments paid closest in time on or after such termination of employment.

 

(f)          Notwithstanding
any other provision of this Agreement, Executive shall be solely liable, and the Employer shall not be liable in any way to Executive
if any payment or benefit which is to be provided pursuant to this Agreement and which is considered deferred compensation subject
to Code Section 409A otherwise fails to comply with, or be exempt from, the requirements of Code Section 409A.

 

20.          Regulatory
Limitation. Notwithstanding any other provision of this Agreement, neither the Employer nor any subsidiary shall be obligated
to make, and Executive shall have no right to receive, any payment, benefit or amount under this Agreement that would violate any
law, regulation or regulatory order applicable to the Employer or the subsidiary at the time such payment is due, including without
limitation, any regulation or order of the Federal Deposit Insurance Corporation or the Board of Governors of the Federal Reserve
System. Executive agrees that compliance by the Employer with such regulatory restrictions, even to the extent that compensation
or other benefits paid to Executive are limited, shall not be a breach of this Agreement by the Employer.

 

21.          Waiver
of Breach.  The failure at any time to enforce or exercise any right under any of the provisions of this Agreement
or to require at any time performance by the other parties of any of the provisions of this Agreement shall in no way be construed
to be a waiver of such provisions or to affect either the validity of this Agreement or any part of this Agreement, or the right
of any party hereafter to enforce or exercise its rights under each and every provision in accordance with the terms of this Agreement.

 

22.          No
Attachment.  Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation,
commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation or to execution, attachment, levy or similar
process or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null,
void and of no effect; provided, however, that nothing in this Section 22 shall preclude the assumption of such rights by
executors, administrators or other legal representatives of Executive or Executive’s estate and their assigning any rights
under this Agreement to the person or persons entitled hereto.

 

    15 

     

    

 

23.          Full
Capacity.  The persons signing this Agreement represent that they have full authority and representative capacity to execute
this Agreement in the capacities indicated below and to perform all obligations under this Agreement.

 

24.          Representation
and Warranty of Executive.  Executive represents and warrants to the Employer that Executive is not under any obligation,
contractual or otherwise, to any other firm or corporation, which would prevent Executive from entering into the employ of the
Employer under this Agreement or prevent Executive from performing the terms of this Agreement.

 

25.          Entire
Agreement. Except as otherwise provided herein, this Agreement constitutes the entire agreement of the parties with respect
to the matters addressed herein and, upon the Effective Date, it supersedes all other prior agreements and understandings, both
written and oral, express or implied, with respect to the subject matter of this Agreement, including but not limited to the Eastern
Virginia Bankshares, Inc. Executive Severance Plan (the “Executive Severance Plan”). Executive expressly waives all
rights and entitlements, if any, under the Executive Severance Plan.

 

26.          Survivability.
The provisions of Section 7 and 8 shall survive the termination, expiration or non-renewal of this Agreement.

 

27.          Counterparts/Facsimile.
This Agreement may be executed in counterparts (including by facsimile), each of which shall be deemed an original and all of which
together shall constitute one and the same instrument.

 

28.          Case
and Gender. Wherever required by the context of this Agreement, the singular or plural case and the masculine, feminine and
neuter genders shall be interchangeable. 

 

29.          Title.
The titles and sub-headings of each Section and Sub-Section in this Agreement are for convenience only and should not be considered
part of this Agreement to aid in interpretation or construction. 

 

[Signature Block on Next Page]

 

    16 

     

    

 

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

 

	 	SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC.
	 	 	 
	 	 	/s/ Georgia S. Derrico
	 	By:	Georgia S. Derrico
	 	Its:	Chairman of the Board of Directors and Chief Executive Officer
	 	 	 
	 	SONABANK
	 	 	 
	 	 	/s/ Georgia S. Derrico
	 	By:	Georgia S. Derrico
	 	Its:	Chairman of the Board of Directors and Chief Executive Officer
	 	 	 
	 	J. ADAM SOTHEN
	 	 	 
	 	/s/ J. Adam Sothen

 

[Sothen Employment Agreement]

 

    17 

     

    

 

EXHIBIT A

 

RELEASE

 

In consideration of
the benefits promised in the Employment Agreement to which this Release is attached as Exhibit A (and further defined below), J.
Adam Sothen (“Executive”), hereby irrevocably and unconditionally releases, acquits, and forever discharges Southern
National Bancorp of Virginia, Inc. and Sonabank, and each of their agents, directors, members, shareholders, affiliated entities,
officers, employees, former employees, attorneys, and all persons acting by, through, under or in concert with any of them (collectively
“Releasees”) from any and all charges, complaints, claims, liabilities, grievances, obligations, promises, agreements,
controversies, damages, policies, actions, causes of action, suits, rights, demands, costs, losses, debts and expenses of any nature
whatsoever, known or unknown, suspected or unsuspected, including, but not limited to, any rights arising out of alleged violations
or breaches of any contracts, express or implied, or any tort, or any legal restrictions on Releasees’ right to terminate
employees, or any federal, state or other governmental statute, regulation, law or ordinance, including without limitation (1)
Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991; (2) the Americans with Disabilities Act;
(3) 42 U.S.C. § 1981; (4) the federal Age Discrimination in Employment Act (age discrimination); (5) the Older Workers
Benefit Protection Act; (6) the Equal Pay Act; (7) the Family and Medical Leave Act; and (8) the Employee Retirement Income
Security Act (“ERISA”) (“Claim” or “Claims”), which Executive now has, owns or holds, or claims
to have, own or hold, or which Executive at any time heretofore had owned or held, or claimed to have owned or held, against each
or any of the Releasees at any time up to and including the date of the execution of this Release.

 

Executive hereby acknowledges
and agrees that the execution of this Release and the cessation of Executive’s employment and all actions taken in connection
therewith are in compliance with the federal Age Discrimination in Employment Act and the Older Workers Benefit Protection Act
and that the releases set forth above shall be applicable, without limitation, to any claims brought under these Acts. Executive
further acknowledges and agrees that:

 

a.           The
Release given by Executive is given solely in exchange for the benefits set forth in the Employment Agreement dated as of June
23, 2017 between Southern National Bancorp of Virginia, Inc., Sonabank and Executive (the “Employment Agreement”) to
which this Release was initially attached and such consideration is in addition to anything of value which Executive was entitled
to receive prior to entering into this Release;

 

b.           By
entering into this Release, Executive does not waive rights or claims that may arise after the date this Release is executed;

 

c.           Executive
has been advised to consult an attorney prior to entering into this Release, and this provision of the Release satisfies the requirements
of the Older Workers Benefit Protection Act that Executive be so advised in writing;

 

    18 

     

    

 

d.           Executive
has been offered twenty-one (21) days [or 45 days if applicable] from receipt of this Release within which to consider whether
to sign this Release; and

 

e.           For
a period of seven (7) days following Executive’s execution of this Release, Executive may revoke this Release by delivering
the revocation to a Sonabank officer and it shall not become effective or enforceable until such seven (7) day period has expired.

 

This Release shall
be binding upon the heirs and personal representatives of Executive and shall inure to the benefit of the successors and assigns
of Southern National Bancorp of Virginia, Inc. and Sonabank.

 

	 	 	 
	Date	 	J. ADAM SOTHEN

 

    19Exhibit 10.9

 

Eastern
Virginia Bankshares, Inc.

Supplemental
Executive Retirement Plan

Effective
January 1, 2008

 

INTRODUCTION

 

The Board of Directors
of Eastern Virginia Bankshares, Inc. adopted the Supplemental Executive Retirement Plan, effective January 1, 2008, for the
purpose of retaining and motivating the Corporation’s Chief Executive Officer.

 

The Plan is intended
to be unfunded and maintained primarily for the purpose of providing deferred compensation for a “select group of management
or highly compensated employees” (as such phrase is used in the Employee Retirement Income Security Act of 1974). The Plan
must be administered and construed in a manner that is consistent with that intent.

 

The Plan is intended
to satisfy the requirements of Code Section 409A and Treasury Regulations issued thereunder. Each provision and term of the
Plan should be interpreted accordingly. 

 

ARTICLE I

DEFINITIONS

 

The following
phrases or terms have the indicated meanings:

 

	1.01	Affiliate

 

Affiliate means
(i) any entity that is a member of a controlled group of corporations as defined in Code section 1563(a), determined without
regard to Code sections 1563(a)(4) and 1563(e)(3)(c), of which the Corporation is a member according to Code section 414(b); (ii) an
unincorporated trade or business that is under common control with the Corporation as determined according to Code section 414(c);
or (iii) a member of an affiliated service group of which the Corporation is a member according to Code section 414(m).

 

	1.02	Beneficiary

 

Beneficiary means
the person, persons, entity, entities or the estate of a Participant entitled to receive benefits under the Plan in accordance
with a properly completed beneficiary designation form. If a Participant fails to complete a beneficiary designation form, or the
form is incomplete, Beneficiary means the Participant’s estate. A Participant may amend or change his Beneficiary designation
in accordance with procedures established by the Board.

 

	1.03	Board

 

Board means the
Board of Directors of Eastern Virginia Bankshares, Inc.

 

	1.04	Change in Control

 

Change in Control
means, (i) any person, including a “group” as defined in Section 13(d)(3) of the Securities Exchange Act
of 1934, becomes the owner or beneficial owner of Corporation securities having 50% or more of the combined voting power of the
then outstanding Corporation securities that may be cast for the election of the Corporation’s directors other than a result
of an issuance of securities initiated by the Corporation, or open market purchases approved by the Board of Directors, as long
as the majority of the Board of Directors approving the purchases is a majority at the time the purchases are made; or (ii) as
the direct or indirect result of, or in connection with, a tender or exchange offer, a merger

 

     

     

    

 

or other business combination, a sale
of assets, a contested election of directors, or any combination of these events, the persons who were directors of the Corporation
before such events cease to constitute a majority of the Corporation’s Board, or any successor’s board, within two
years of the last of such transactions. For purposes of this Agreement, a Change of Control occurs on the date on which an event
described in (i) or (ii) occurs. If a Change of Control occurs on account of a series of transactions or events, the
Change of Control occurs on the date of the last of such transactions or events. 

 

	1.05	Code

 

Code means the
Internal Revenue Code of 1986, as amended.

 

	1.06	Corporation

 

Corporation means
Eastern Virginia Bankshares, Inc.

 

	1.07	Disability or Disabled

 

Disability or
Disabled means a Participant is considered disabled if the Participant is (a) unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months, or (b) by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering
employees of the Corporation.

 

	1.08	Eligible Employee

 

Eligible Employee
means an individual (i) who is employed by the Corporation or an Affiliate and (ii) who is a member of management or
is a highly compensated employee.

 

	1.09	Normal Retirement Age

 

Normal Retirement
Age means the attainment of age 67.

 

	1.10	Participant

 

Participant means
an Eligible Employee who is designated by the Board to participate in the Plan in accordance with Article II. An individual shall
remain a Participant only so long as the individual remains an Eligible Employee and his designation as a Participant has not been
revoked or rescinded.

 

	1.11	Plan

 

Plan means the
Eastern Virginia Bankshares, Inc. Supplemental Executive Retirement Plan.

 

	1.12	Separation from Service

 

Separation from
Service means either: (i) the complete cessation of the performance of services by the Participant for the Corporation for
whatever reason, or (ii) a diminished level of services where the Participant is expected to perform services at a level equal
to 20% or less of the average level of service provided during the immediately preceding 36 months, provided, however, that Separation
from Service does not include military leave, sick leave or other bona fide leave of absence if (i) the period of such leave
does not exceed six months, and (ii) there is a reasonable expectation that the Participant will return to perform service
with the Corporation.

 

    2 

     

    

 

	1.13	Specified Employee

 

Specified Employee
means a Participant who on the date of his Separation from Service is a Key Employee of the Corporation provided that the Corporation
is publicly traded on an established securities market. The Corporation shall determine the Participants who are Key Employees
on the Specified Employee Identification Date. Any Participant who is a Key Employee on the Specified Employee Identification Date
shall be treated as a Key Employee for the entire 12 month period beginning on the Specified Employee Effective Date. For purposes
of this definition, the following terms apply:

 

(a) Key employee
means a Participant who meets the requirements of Code section 416(i)(l)(A)(i), (ii), or (iii) applied in accordance with
the regulations thereunder and disregarding Code section 416(i)(5). Compensation for purposes of identifying the Key Employee is
defined according to Treasury Regulation section 1.415(c)-2(a) applied without regard to the safe harbor provided in Treasury Regulation
section 1.415(c)-2(d), the special timing rules provided in Treasury Regulation section 1.415(c)-2(e), and the special rules provided
in Treasury Regulation section 1.415(c)-2(g).

 

(b) The Specified
Employee Identification Date shall be December 31.

 

(c) The Specified
Employee Effective Date is the first day of the fourth month following the Specified Employee Identification Date.

 

ARTICLE II

PARTICIPATION

 

An Eligible Employee
who is designated to participate in the Plan by the Board shall become a Participant in the Plan as of the date specified by the
Board. A Participant shall continue to participate until such date as the Board may declare he is no longer a Participant or until
the date that he is no longer an Eligible Employee.

 

ARTICLE III

BENEFITS

 

	3.01	Normal Retirement Benefit

 

(a) Upon his Separation
from Service on or after his Normal Retirement Age, a Participant shall be entitled to an annual Retirement benefit equal to $155,000.

 

(b) A Participant’s
benefit under subsection (a) above shall be payable in equal or substantially equal monthly installments over a 15-year period
commencing on the first day of the month following the Participant’s Separation from Service after his Normal Retirement
Age, provided that with respect to a Participant who is a Specified Employee or his Separation from Service, such monthly benefits
shall commence on the first day of the month following the six- month anniversary of the Participant’s Separation from Service.
The first payment shall include a “catch up” amount equal to the sum of payments that would have been made to the Participant
during the period preceding the first payment date if no six-month delay applied, plus interest compounded monthly using the prime
rate as published in the Wall Street Journal in effect as of the first day of each month.

 

    3 

     

    

 

	3.02	Separation from Service Prior to Normal Retirement Age

 

(a) Subject to
subsection (c) below, a Participant who Separates from Service prior to his Normal Retirement Age shall forfeit the nonvested
portion of the benefit provided in section 3.01. A Participant shall vest in his Normal Retirement Benefit in accordance with the
following schedule:

 

	Separation at age	 	Percentage Vested	 
	52	 	 	5.00	%
	53	 	 	10.15	%
	54	 	 	15.45	%
	55	 	 	20.90	%
	56	 	 	26.56	%
	57	 	 	32.25	%
	58	 	 	38.15	%
	59	 	 	44.20	%
	60	 	 	50.40	%
	61	 	 	56.75	%
	62	 	 	63.25	%
	63	 	 	69.90	%
	64	 	 	76.70	%
	65	 	 	83.65	%
	66	 	 	90.75	%
	67	 	 	100.00	%

 

(b) A Participant
who separates from Service prior to his Normal Retirement Age shall be entitled to the vested percentage of his Normal Retirement
commencing on the first day of the month following the later of the Participant’s attainment of age 62 or his Separation
from Service, and such benefits shall be payable in substantially equal monthly installments over a 15- year period; provided,
however, that if the Participant is a Specified Employee, his benefits shall commence no earlier than the first day of the month
following the six-month anniversary of his Separation of Service. The first payment shall include a “catch up” amount
equal to the sum of payments that would have been made to the Participant during the period preceding the first payment date if
no six-month delay applied, plus interest compounded monthly using the prime rate as published in the Wall Street Journal in effect
as of the first day of each month.

 

(c) Upon a Change
in Control, a Participant shall be fully vested in his Normal Retirement benefit.

 

	3.03	Disability

 

If a Participant
becomes Disabled prior to his Separation from Service and during his employment with the Corporation or an Affiliate, he shall
be entitled to receive the vested percentage of his Normal Retirement Benefit based on his age (in whole years) as of the date
he became Disabled. Such benefit shall be payable as of the first day of the month following the date the Participant is determined
to be Disabled and shall be payable in substantially equal monthly payments over a 15-year period.

 

	3.04	Death Benefits

 

(a) If a Participant
dies prior to his Separation from Service, no benefits shall be payable under the Plan.

 

    4 

     

    

 

(b) If a Participant
dies after benefit payments begin under the Plan, a Participant’s Beneficiary shall be entitled to any payments remaining
in the 15-year period certain period.

 

	3.05	Anti-Acceleration

 

Notwithstanding
anything in the Plan to the contrary, no payment may be made which accelerates the time over which distributions shall be made
to the Participant (except as other permitted under Code section 409A).

 

Notwithstanding
the preceding, the Company, in its discretion, may accelerate distributions under the Plan in accordance with each of the payment
events contained in Treasury Regulation section 1.409A-3(j)(4)(ii) through (xiv). 

 

ARTICLE IV

GUARANTEES

 

Eastern Virginia
Bankshares, Inc. and any Affiliate participating in the Plan have only a contractual obligation to pay the benefits described in
Article III. All benefits are to be satisfied solely out of the general corporate assets of the Corporation or the appropriate
Affiliate which shall remain subject to the claims of its creditors. No assets of the Corporation or a participating Affiliate
will be segregated or committed to the satisfaction of its obligations to any Participant or Beneficiary under this Plan. If the
Corporation, in its sole discretion, elects to purchase life insurance on the life of a Participant in connection with the Plan,
the Participant must submit to a physical examination, if required by the insurer, and otherwise cooperate in the issuance of such
policy or his rights under the Plan will be forfeited.

 

ARTICLE V

TERMINATION
OF EMPLOYMENT

 

	5.01	No Guarantee of Employment

 

The Plan does
not in any way limit the right of the Corporation or an Affiliate at any time and for any reason to terminate the Participant’s
employment or such Participant’s status as an Eligible Employee. In no event shall the Plan, by its terms or by implication,
constitute an employment contract of any nature whatsoever between the Corporation or an Affiliate and a Participant.

 

	5.02	Termination of Employment

 

A Participant
who ceases to be an Eligible Employee or whose employment with the Corporation and its Affiliates is terminated with Cause shall
immediately cease to be a Participant under this Plan and shall forfeit all rights under this Plan. For purposes of this Section 5.02,
“Cause” means the Participant’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty
involving personal profit, intentional failure to perform the stated duties for any reason other than for Disability, willful violation
of any law, rule or regulation (other than traffic violations or similar offenses) or final cease and desist order, conviction
of a felony or misdemeanor involving moral turpitude, misappropriation of the Corporation’s assets (determined on a reasonable
basis) or those of its Affiliates.

 

	5.03	Forfeiture

 

Notwithstanding
Section 5.02 above, a Participant forfeits all benefits if he enters into Competition with the Corporation prior to a Change
in Control. For purposes of this Section 5.03,

 

    5 

     

    

 

“Competition” means to
directly or indirectly, either as a principal, agent, employee, employer, stockholder, co-partner or any other individual or representative
capacity whatsoever: (i) engage in a Competitive Business anywhere with a 20 mile radius of the principal executive offices
of the Corporation or on the date the Participant’s employment terminates; or (ii) solicit, or assist any other person
or business entity in soliciting, any depositors or other customers of the Corporation to make deposits in or to become customers
of any other financial institution conducting a Competitive Business; or (iii) induce any individuals to terminate their employment
with the Corporation or its Affiliates. As used in this Plan, the term “Competitive Business” means all banking and
financial products and services that are substantially similar to those offered by the Corporation on the date that the Participant’s
employment terminates. 

 

ARTICLE VI

TERMINATION,
AMENDMENT OR MODIFICATION OF PLAN

 

	6.01	Amendment or Termination

 

Except as otherwise
specifically provided, the Corporation reserves the right to terminate, amend or modify this Plan, wholly or partially, at any
time and from time to time. Such right to terminate, amend or modify the Plan shall be exercised by the Board. The Board may delegate
to its Executive Committee all or part of its authority to amend or terminate the Plan. The Plan shall not be terminated unless
such termination is permitted and administered in accordance with Treasury Regulation section 1.409A-3(j)(4)(ix).

 

	6.02	Notice

 

Any notice which
shall be or may be given under the Plan shall be in writing and shall be mailed by United States mail, postage prepaid. If notice
is to be given to the Corporation such notice shall be addressed to it at Eastern Virginia Bankshares, Inc., P. 0. Box 1455, Tappahannock,
Virginia 22560; addressed to the attention of the Corporate Secretary. If notice is to be given to a Participant, such notice shall
be addressed to the Participant’s last known address.

 

	6.03	Limitation on Amendment, Termination, etc.

 

The rights of
the Corporation set forth in Plan section 6.01 are subject to the condition that the Board or its delegate shall take no action
to decrease the benefit that has vested through the date of amendment or termination.

 

	6.04	Effect of Plan Termination

 

Except as provided
in Plan sections 6.01 and 6.03 upon the termination of this Plan by the Board, the Plan shall no longer be of any further force
or effect, and neither the Corporation, any Affiliate nor any Participant shall have any further obligation or right under this
Plan. Likewise, the rights of any individual who was a Participant and whose designation as a Participant is revoked or rescinded
by the Board shall cease upon such action.

 

    6 

     

    

 

ARTICLE VII

FUNDING

 

	7.01	Unfunded Plan

 

All Plan Participants
and Beneficiaries are general unsecured creditors of the Corporation with respect to the benefits due hereunder and the Plan constitutes
a mere promise by the Corporation to make benefit payments in the future. It is the intention of the Corporation that the Plan
be considered unfunded for tax purposes.

 

	7.02	Life Insurance

 

The Corporation
may, but is not required to, purchase life insurance in amounts sufficient to provide some or all of the benefits provided under
this Plan or may otherwise segregate assets for such purpose.

 

	7.03	Trust

 

The Corporation
may, but is not required to, establish a grantor trust which may be used to hold assets of the Corporation which are maintained
as reserves against the Corporation’s unfunded, unsecured obligations hereunder. Such reserves shall at all times be subject
to the claims of the Corporation’s creditors. To the extent such trust or other vehicle is established, and assets contributed,
for the purpose of fulfilling the Corporation’s obligation hereunder, then such obligation of the Corporation shall be reduced
to the extent such assets are utilized to meet its obligations hereunder. Any such trust and the assets held thereunder are intended
to conform in substance to the terms of the model trust described in Revenue Procedure 92-64.

 

ARTICLE VIII

RESTRICTIONS
ON TRANSFER OF BENEFITS

 

No right or benefit
under the Plan shall be subject to anticipation, alienation, sale, assignment, pledge, encumbrance or charge, and any attempt to
do so shall be void. No right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities,
or torts of the person entitled to such benefit. If any Participant or Beneficiary under the Plan should become bankrupt or attempt
to anticipate, alienate, sell, assign, pledge, encumber or charge any right to a benefit hereunder, then such right or benefit,
in the discretion of the Board, shall cease and terminate, and, in such event, the Board may hold or apply the same or any part
thereof for the benefit of such Participant or Beneficiary, his or her spouse, children, or other dependents, or any of them, in
such manner and in such portion as the Board may deem proper.

 

ARTICLE IX

ADMINISTRATION
OF THE PLAN

 

	9.01	The Board

 

The Plan shall
be administered by the Board. Subject to the provisions of the Plan, the Board may adopt such rules and regulations as may be necessary
to carry out the purposes hereof. The Board’s interpretation and construction of any provision of the Plan shall be final
and conclusive. The Board in its sole discretion may delegate ministerial duties with respect to the administration of the Plan
to employees of the Corporation or to third parties.

 

    7 

     

    

 

	9.02	Indemnification of the Board

 

The Corporation
shall indemnify and save harmless each member of the Board against any and all expenses and liabilities arising out of membership
on the Board related to any shareholder or similar action involving the Plan, excepting only expenses and liabilities arising out
of a member’s own willful misconduct. Expenses against which a member of the Board shall be indemnified hereunder shall include
without limitation, the amount of any settlement or judgment, costs, counsel fees, and related charges reasonably incurred in connection
with a claim asserted, or a proceeding brought or settlement thereof. The foregoing right of indemnification shall be in addition
to any other rights to which any such member may be entitled.

 

	9.03	Powers of the Board

 

In addition to
the powers hereinabove specified, the Board shall have the power to compute and certify the amount and kind of benefits from time
to time payable to Participants and their Beneficiaries under the Plan, to authorize all disbursements for such purposes, and to
determine whether a Participant is entitled to a benefit under Plan section 3.01.

 

	9.04	Information

 

To enable the
Board to perform its functions, the Corporation shall supply full and timely information to the Board on all matters relating to
the compensation of all Participants, their retirement, death or other cause for termination of employment, and such other pertinent
facts as the Board may require.

 

	9.05	Claims Procedure

 

All claims for
benefits shall be in writing in a form satisfactory to the Board. If the Board wholly or partially denies a Participant’s
or Beneficiary’s claim for benefits, the Board shall review the Participant’s claim in accordance with applicable procedures
described in the Employee Retirement Income Security Act of 1974.

 

ARTICLE X

MISCELLANEOUS

 

	10.01	Binding Nature

 

The Plan shall
be binding upon the Corporation, any participating Affiliates and its successors and assigns, subject to the powers set forth in
Article VI, and upon a Participant, his or her Beneficiary, and either of their assigns, heirs, executors and administrators.

 

	10.02	Governing Law

 

To the extent
not preempted by federal law, the Plan shall be governed and construed under the laws of the Commonwealth of Virginia (including
its choice of law rules, except to the extent those rules would require the application of the law of a state other than Virginia)
as in effect at the time of their adoption and execution, respectively.

 

    8 

     

    

 

	10.03	Construction

 

Masculine pronouns
wherever used shall include feminine pronouns and the use of the singular shall include the plural.

 

	10.04	Other Benefits and Agreements

 

The benefits provided
for a Participant and his Beneficiary under the Plan are in addition to any other benefits available to such Participant under
any other plan or program of the Corporation for its employees, and, except as may otherwise be expressly provided for, the Plan
shall supplement and shall not supersede, modify or amend any other plan or program of the Corporation in which a Participant is
participating.

 

	10.05	Severability

 

If any provision
of the Plan should for any reason be declared invalid or unenforceable by a court of competent jurisdiction, the remaining provisions
shall nevertheless remain in full force and effect.

 

	10.06	Gender and Number

 

In the construction
of the Plan, the masculine shall include the feminine or neuter and the singular shall include the plural and vice-versa in all
cases where such meanings would be appropriate.

 

	10.07	Titles and Captions

 

Titles and captions
and headings herein have been inserted for convenience of reference only and are to be ignored in any construction of the provisions
hereof.

 

	10.08	Omnibus Provisions

 

(a) Any benefit,
payment or other right provided by the Plan shall be provided or made in a manner, and at such time, in such form and subject to
such election procedures (if any), as complies with the applicable requirements of Code section 409A to avoid a plan failure described
in Code section 409A(a)(1), including without limitation, deferring payment until the occurrence of a specified payment event described
in Code section 409A(a)(2). Notwithstanding any other provision hereof or document pertaining hereto, the Plan shall be so construed
and interpreted to meet the applicable requirements of Code section 409A to avoid a plan failure described in Code section 409A(a)(1).

 

(b) It is specifically
intended that all elections, consents and modifications thereto under the Plan will comply with the requirements of Code section
409A (including any transition or grandfather rules thereunder). The Company is authorized to adopt rules or regulations deemed
necessary or appropriate in connection therewith to anticipate and/or comply the requirements of Code section 409A (including any
transition or grandfather rules thereunder) and to declare any election, consent or modification thereto void if non-compliant
with Code section 409A.

 

ARTICLE XI

ADOPTION

 

The Corporation
has adopted this Plan pursuant action taken by the Board.

 

    9 

     

    

 

As evidence of
its adoption of the Plan, Eastern Virginia Bankshares, Inc. has caused this document to be signed by its                                         
, this        day of                     
2007, as effective January 1, 2008.

 

	 	EASTERN VIRGINIA BANKSHARES, INC.
	 	 	 
	 	By:	 

 

    10 

     

    

 

FIRST AMENDMENT TO

EASTERN VIRGINIA BANKSHARES, INC.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

 

(As Adopted Effective January 1, 2008)

 

Eastern Virginia Bankshares, Inc. (the “Corporation”)
hereby amends the Eastern Virginia Bankshares, Inc. Supplemental Executive Retirement Plan (as adopted effective January 1, 2008)
(the “Plan”), effective as of November 20, 2014 as follows:

 

1.             The
Plan is hereby amended by adding the following new Section 3.01 to Article III of the Plan and renumbering the remaining sections
of Article III to follow the new Section 3.01:

 

3.01         Benefit
Determination. A Participant shall have a right to receive benefits under the Plan as calculated in the remaining sections
of this Article III unless a schedule to the Plan has been adopted by the Corporation that provides otherwise. In the event a schedule
has been adopted by the Corporation that provides for a Participant’s benefit to be calculated therein, then the Participant’s
benefits under the Plan shall be determined under such schedule. A Participant shall in no event have a right to receive benefits
under both the remaining sections of this Article III and any such schedule.

 

2.             The
Plan is hereby amended by adding the following new Schedule A to the end:

 

SERP BENEFIT

SCHEDULE A

 

The Corporation entered into an Employment Agreement,
effective as of November 20, 2014 (the “Hanna Employment Agreement”), between the Corporation and Mark C. Hanna (the
“Executive”). Section 5 of the Hanna Employment Agreement requires the Corporation to amend the Plan to add the Executive
as an Eligible Employee eligible to participate as a Participant in the Plan and which provides special provisions relating to
the calculation of his benefits under the Plan. The provisions of this Schedule A set forth the benefits under
the Plan to be provided to Executive in full compliance with the requirements of Section 5 of the Hanna Employment Agreement. The
numbering of the sections below follows the numbering of the sections in the Plan replaced by this Schedule A. All
provisions of the Plan not inconsistent with this Schedule shall continue to apply to the Participant and his benefit determined
under the Plan.

 

1.09         Normal
Retirement Age

 

Normal Retirement Age
means the attainment of age 65.

 

3.02        Normal
Retirement Benefit

 

(a)            Upon
his Separation from Service on or after his Normal Retirement Age, a Participant shall be entitled to a Retirement benefit equal
to $3,333 per month.

 

(b)           A
Participant’s benefit under subsection (a) above shall be payable in equal or substantially equal monthly installments for
two hundred (200) months commencing on the first day of the month following the Participant’s Separation from Service, provided
that with respect to a Participant who is a Specified Employee on his Separation from Service, such monthly benefits shall commence
on the first day of the month following the six-month

 

    11 

     

    

 

anniversary of the Participant’s
Separation from Service. The first payment shall include a “catch up” amount equal to the sum of payments that would
have been made to the Participant during the period preceding the first payment date if no six-month delay applied, plus interest
compounded monthly using the prime rate as published in the Wall Street Journal in effect as of the first day of each month.

 

3.03         Separation
from Service Prior to Normal Retirement Age

 

(a)          Subject
to subsection (c) below, the Participant who Separates from Service prior to his Normal Retirement Age shall forfeit the nonvested
portion of the benefit provided in Section 3.02. Additional vesting occurs based on the date the Participant reaches the age set
forth below. A Participant shall vest in his Normal Retirement Benefit in accordance with the following schedule:

 

	 	Age	 	Percentage
    Vested	 	 	Cumulative Vested

    Percentage	
	 	46 and 8 months	 	 	5.00	%	 	5.00	%
	 	47 and 8 months	 	 	5.02	%	 	10.02	%
	 	48 and 8 months	 	 	5.05	%	 	15.07	%
	 	49 and 8 months	 	 	5.07	%	 	20.14	%
	 	50 and 8 months	 	 	5.09	%	 	25.23	%
	 	51 and 8 months	 	 	5.12	%	 	30.35	%
	 	52 and 8 months	 	 	5.14	%	 	35.49	%
	 	53 and 8 months	 	 	5.16	%	 	40.65	%
	 	54 and 8 months	 	 	5.19	%	 	45.84	%
	 	55 and 8 months	 	 	5.21	%	 	51.05	%
	 	56 and 8 months	 	 	5.23	%	 	56.28	%
	 	57 and 8 months	 	 	5.26	%	 	61.54	%
	 	58 and 8 months	 	 	5.28	%	 	66.82	%
	 	59 and 8 months	 	 	5.30	%	 	72.12	%
	 	60 and 8 months	 	 	5.33	%	 	77.45	%
	 	61 and 8 months	 	 	5.35	%	 	82.80	%
	 	62 and 8 months	 	 	5.37	%	 	88.17	%
	 	63 and 8 months	 	 	5.40	%	 	93.57	%
	 	64 and 8 months	 	 	5.43	%	 	99.0	%
	 	65	 	 	1.00	%	 	100.0	%

 

(b)           (i)          A
Participant who Separates from Service after attainment of age sixty-two (62) but prior to his Normal Retirement Age shall be entitled
to the vested percentage of his Normal Retirement Benefit payable in equal or substantially equal monthly installments for two
hundred (200) months commencing on the first day of the month following the Participant’s Separation from Service, and such
benefits shall be provided that with respect to a Participant who is a Specified Employee on his Separation from Service, such
monthly benefits shall commence on the first day of the month following the six-month anniversary of Participant’s Separation
of Service. The first payment shall include a “catch up” amount equal to the sum of payments that would have been made
to the Participant during the period preceding the first payment date if no six-month delay applied, plus interest compounded monthly
using the prime rate as published in the Wall Street Journal in effect as of the first day of each month.

 

    12 

     

    

 

(ii)         If
a Participant Separates from Service prior to attainment of age sixty-two (62), he shall be entitled to the vested percentage of
his Normal Retirement Benefit payable on the first day of the month following the Participant’s attainment of age sixty-two
(62) in a lump sum calculated using the same factors used by the Corporation to determine the value of the Participant’s
Normal Retirement Benefit for corporate financial accounting purposes, provided that if the Participant is a Specified Employee
on his Separation from Service, his benefit shall be payable no earlier than the first day of the month following the six-month
anniversary of his Separation of Service. If payment is delayed to a Specified Employee due solely to the six-month delay rule,
the delayed lump sum payment shall include interest compounded monthly using the prime rate as published in the Wall Street Journal
in effect as of the first day of each month of the six-month delay period (to the extent it applies). No interest shall be due
under this subsection (ii) if payment is not delayed past age sixty-two (62).

 

(c)            Upon
a Change in Control, a Participant shall be fully vested in his Normal Retirement Benefit.

 

3.04         Disability

 

If a Participant
becomes Disabled prior to his Separation from Service and during his employment with the Corporation or an Affiliate, he shall
be entitled to receive the vested percentage of his Normal Retirement Benefit as set forth in 3.03(a) based on his age as of the
date he became Disabled. Such benefit shall be payable commencing on the first day of the month following the date the Participant
becomes Disabled and shall be payable in equal or substantially equal monthly payments for two hundred (200) months.

 

3.05         Death
Benefits

 

(a)            If
a Participant dies prior to his Separation from Service, no benefits shall be payable under the Plan.

 

(b)            If
a Participant dies after his Separation from Service and either (i) on or after benefit payments begin under Section 3.02 or Section
3.03(b)(i) or (ii) before payment of the lump sum payment under Section 3.03(b)(ii), a Participant’s Beneficiary shall be
entitled to any payments remaining in the two hundred (200) month payment period or the lump sum benefit, whichever is applicable,
payable in a lump sum within 60 days following his death.

 

3.06         Anti-Acceleration

 

Notwithstanding
anything in the Plan to the contrary, no payment may be made which accelerates the time over which distributions shall be made
to the Participant (except as other permitted under Code Section 409A).

 

Notwithstanding
the preceding, the Corporation, in its discretion, may accelerate distributions under the Plan in accordance with each of the payment
events contained in Treasury Regulation Section 1.409A-3(j)(4)(ii) through (xiv) to the extent allowed thereunder.

 

3.            Except
to the extent changed as provided above, all other provisions of the Plan shall continue to apply.

 

    13 

     

    

 

IN WITNESS WHEREOF, the Corporation,
pursuant to the authorization of its Board of Directors on November 20, 2014, has caused its name to be signed to this First Amendment
by its duly authorized officer, effective as of the date and year above written.

 

	 	EASTERN VIRGINIA BANKSHARES, INC.
	 	 	 
	 	By:	/s/ Joe A. Shearin
	 	Its:	President and CEO
	 	Date:	March 11, 2015

 

	Attest:	 
	 	 
	/s/ Cheryl Wood	 
	Its: CBW	 

 

    14 

     

    

 

 

AMENDMENT 

TO THE

EASTERN VIRGINIA BANKSHARES, INC.

Supplemental
Executive Retirement Plan

 

WHEREAS, effective
as of the consummation of the mergers contemplated under the Agreement and Plan of Merger by and among Southern National Bancorp
of Virginia, Inc. (“SONA”), Sonabank, Eastern Virginia Bankshares, Inc. and EVB, dated December 13, 2016, as
amended (the “Merger Agreement”), SONA assumed the Eastern Virginia Bankshares, Inc. Supplemental Executive
Retirement Plan (the “Plan”); and

 

WHEREAS, SONA
wishes to amend the Plan to reflect the assumption of the Plan by SONA at the Effective Date.

 

NOW, THEREFORE, the
Plan is hereby amended as follows to be effective upon the Effective Date:

 

		1.	The title of the Plan shall be revised to “Southern National Bancorp of Virginia, Inc. Supplemental
Executive Retirement Plan”.

 

		2.	All references to “Eastern Virginia Bankshares, Inc.” in the Plan shall be replaced
with references to “Southern National Bancorp of Virginia, Inc.”.

 

		3.	Except as expressly modified by this Amendment, all the terms and provisions of the Plan shall
continue to remain in full force and effect.

 

IN WITNESS WHEREOF,
SONA has caused this Amendment to be executed by its undersigned officer, thereunto duly authorized as of the day and year set
forth below.

 

 

	 	SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC.
	 	 
	 	/s/ Joe A. Shearin
	 	By:  Joe A. Shearin
	 	Title:  President and Chief Executive Officer
	 	 	 
	 	Date:	June 23, 2017

 

    15

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