Document:

Promissory Note issued by the Company, dated January 9,2008.

 Exhibit 10.11 
 

 
 PROMISSORY NOTE 
  

															
	 Principal
	 	 Loan Date
	 	 Maturity
	 	 Loan No
	 	 Call / Coll
	 	 Account
	 	 Officer
	 	 Initials

	 $25,000.00
	 	01-09-2008	 	01-08-2009	 	7010080035	 	24 / 210	 	00000000074018	 	PRH	 	

 References in the boxes above are for Lender’s use only and do not limit the applicability of
this document to any particular loan or item. Any item above containing “***” has been omitted due to text length limitations. 
  

							
	Borrower:	 	THANKSGIVING COFFEE COMPANY, INC.	 	Lender:	 	Savings Bank of Mendocino County
		 	PO BOX 1918	 		 	Main Office
		 	FORT BRAGG, CA 95437	 		 	 PO BOX 3600
 200 N SCHOOL
ST

		 		 		 	UKlAH, CA 95482

  

					
	Principal Amount: $25,000.00	  	Initial Rate: 9.250%	  	Dale of Note: January 9, 2008

 PROMISE TO PAY. THANKSGIVING COFFEE COMPANY, INC. (“Borrower”) promises to pay to Savings Bank of
Mendocino County (“Lender”), or order, in lawful money of the United States of America, the principal amount of Twenty-five Thousand & 00/100 Dollars ($25,000.00) or so much as may be outstanding, together with interest on the
unpaid outstanding principal balance of each advance. Interest shall be calculated from the date of each advance until repayment of each advance. 
 PAYMENT. Borrower will pay this loan in one payment of all outstanding principal plus all accrued unpaid interest on January 8, 2009. In addition, Borrower will pay regular monthly payments of all accrued unpaid interest due as of
each payment date, beginning February 9, 2008, with all subsequent interest payments to be due on the same day of each month after that. Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid
interest; then to principal; and then to any late charges. Interest on this Note is computed on a 365/365 simple interest basis; that is, by applying the ratio of the annual interest rate over the number of days in a year (366 during leap years),
multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender’s address shown above or at such other place as Lender may designate in writing.

 VARIABLE INTEREST RATE. The interest rate on this Note is subject to change from time to time based on changes in an independent index
which is the PRIME RATE AS PUBLISHED IN THE WALL STREET JOURNAL (the “Index”). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during the term of this loan, Lender may designate
a substitute index after notifying Borrower. Lender will tell Borrower the current Index rate upon Borrower’s request. The interest rate charge will not occur more often than each TIME THE PRIME RATE CHANGES. Borrower understands that Lender
may make loans based on other rates as well. The Index currently is 7.250% per annum. The interest rate to be applied to the unpaid principal balance during this Note will be at a rate of 2.000 percentage points over the Index, adjusted if
necessary for any minimum and maximum rate limitations described below, resulting in an initial rate of 9.250% per annum. NOTICE: Under no circumstances will the interest rate on this Note be less than 6.750% per annum or more than the
maximum rate allowed by applicable law. 
 PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the
date of the loan and will not be subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. Except for the foregoing, Borrower may pay without penalty all or a portion of the amount owed
earlier than it is due. Early payments will not, unless agreed to by Lender in writing, relieve Borrower of Borrower’s obligation to continue to make payments of accrued unpaid interest. Rather, early payments will reduce the principal balance
due. Borrower agrees not to send Lender payments marked “paid in full”, “without recourse”, or similar language. If Borrower sends such a payment, Lender may accept it without losing any of Lender’s rights under this Note,
and Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including any check or other payment instrument that indicates that the payment constitutes “payment in
full” of the amount owed or that is tendered with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: Savings Bank of Mendocino Country, Main Office, PO BOX 3600, 200 N SCHOOL ST, UKIAH,
CA 95482. 
 LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged 5.000% of the unpaid portion of the regularly scheduled
payment. 
 INTEREST AFTER DEFAULT. Upon default, the total sum due under this Note will continue to accrue interest at the interest rate under this
Note. 
 DEFAULT. Each of the following shall constitute an event of default (“Event of Default”) under this Note; 
 Payment Default. Borrower fails to make any payment when due under this Note. 
 Other Defaults. Borrower fails to comply with or to perform any other team, obligation, covenant or condition contained in this Note or in any of
the related documents or to comply with or to perform any term, obligation, covenant or condition contained in any other agreement between Lender and Borrower. 
 False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower’s behalf under this Note or the related documents is false or misleading in any material
respect, either now or at the time made or furnished or becomes false or misleading at any time thereafter. 
 Insolvency. The
dissolution or termination of Borrower’s existence as a going business, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor
workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower. 
 Creditor or Forfeiture
Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing the loan.
This includes a garnishment of any of Borrower’s accounts, including deposit accounts, with Lender. However, this Event of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim
which is the basis of the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount
determined by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute. 
 Event Affecting Guarantor. Any
of the preceding events occurs with respect to any Guarantor of any of the indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty of the indebtedness evidenced by the Note.

 Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower. 

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or
performance of this Note is impaired. 

					
		 	PROMISSORY NOTE	 	
	Loan No: 7010080035	 	(Continued)	 	 Page
 2

  

 Cure Provisions. If any default, other than a default in payment is curable and if Borrower
has not been given a notice of a breach of the same provision of this Note within the preceding twelve (12) months, it may be cured if Borrower, after receiving written notice from Lender demanding cure of such default: (1) cures the
default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continues and
completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical. 
 LENDER’S RIGHT. Upon default,
Lender may declare the entire unpaid principal balance under this Note and all accrued unpaid interest immediately due, and then Borrower will pay that amount. 
 EXPENSES. If Lender institutes any suit or action to enforce any of the terms of this Note, Lender shall be entitled to recover such sum as the court may adjudge reasonable. Whether or not any court action is involved, and to the
extent not prohibited by law, all reasonable expenses Lender incurs that in Lender’s opinion are necessary at any time for the protection of its interest or the enforcement of its rights shall become a part of the loan payable on demand and
shall bear interest at the Note rate from the date of the expenditure until repaid. Expenses covered by this paragraph include, without limitation, however subject to any limits under applicable law, Lender’s expenses for bankruptcy proceedings
(including efforts to modify or vacate any automatic stay or injunction), and appeals, to the extent permitted by applicable law. Borrower also will pay any court costs, in addition to all other sums provided by law. 
 GOVERNING LAW. This Note will be governed by federal law applicable to Lender and, to the extent not preempted by federal law, the laws of the State of California
without regard to its conflicts of law provisions. This Note has been accepted by Lender in the State of California. 
 CHOICE OF VENUE. If there
is a lawsuit, Borrower agrees upon Lender’s request to submit to the jurisdiction of the courts of MENDOCINO County, State of California. 
 DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $10.00 if Borrower makes a payment on Borrower’s loan and the check or preauthorized charge with which Borrower pays is later dishonored. 
 LINE OF CREDIT. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower’s accounts, may be
requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the
instructions of an authorized person or (B) credited to any Borrower’s accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender’s internal records,
including daily computer print-outs. Lender will have no obligation to advanced funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender,
including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such
guarantor’s guarantee of this Note or any other loan with Lender; or (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender. 
 ADDITIONAL PROVISIONS. THIS NOTE IS SECURED BY A COMMERCIAL SECURITY AGREEMENT AND ASSIGNMENT OF DEPOSIT ACCOUNTS DATED 11/16/06. 
 DISPUTE RESOLUTION. Borrower and Lender desire to resolve quickly and efficiently any disputes that might arise between them. For any controversy, claim or judicial
action arising from or relating to this Note or any related agreement, transaction or conduct, whether sounding in contract, tort or otherwise: 
 JUDICIAL REFERENCE. Where an action is pending before a court of any judicial district of the State of California, Borrower and Lender shall each have the right to require that all questions of fact or law be submitted to general
reference pursuant to California Code of Civil Procedure Section 638 et seq., and any successor statutes thereto. 
 (1) A single
referee who is a retired superior court judge shall be appointed by the court pursuant to Code of Civil Procedure 640 and shall preside over the reference proceeding. If Borrower and Lender do not agree upon the referee, each of them may submit to
the court up to three nominees who are retired superior court judges. 
 (2) If Borrower and Lender do not agree on how the payment of the
referee’s fees and expenses will be shared, the court may apportion such fees and expenses between Borrower and Lender in a fair and reasonable manner that is consistent with Code of Civil Procedure Section 645.1. 
 (3) Borrower and Lender shall be entitled to discovery, and the referee shall oversee discovery and may enforce all discovery orders in the same manner as any trial
court judge. 
 (4) The referee’s statement of decision shall contain written findings of fact and conclusions of law, and the court shall enter
judgment thereon pursuant to Code of Civil Procedure Sections 644(a) and 645. The decision of the referee shall then be appealable as if made by the court. 
 No provision of this section shall limit the right of any party to exercise self-help remedies, to foreclose against or sell any real or personal property collateral or to obtain provisional or ancillary remedies, such as injunctive
relief or appointment of a receiver, from a court of competent jurisdiction before, after, or during the pendency or any reference proceeding. The exercise of a remedy does not waive the right of either party to resort to reference. 

Jury Trial Waiver. In any action pending before any court of any jurisdiction, Borrower waives, and Lender shall not have, any right to a jury
trial. 
 ATTORNEYS’ FEES. In any action arising from or relating to this Note and subject to any limits under applicable law, the prevailing
party shall be entitled to reasonable attorneys’ fees in accordance with California Civil Code Section 1717. Whether or not an action is involved, the expenses of Lender described in the paragraph of this Note titled “Expenses”
include, without limitation, attorneys’ fees incurred by Lender. 
 AMENDMENT TO PROMISSORY NOTES - RECOURSE AGAINST GENERAL PARTNERS OR JOINT
VENTURES. 
 PARTNERSHIP OR JOINT VENTURER BORROWER. If Borrower is a partnership or joint venture, each of the general partners or joint venturers
will be jointly and severally liable with Borrower under this Note and any related agreements and Lender may proceed against any or all of the general partners or joint venturers with regard to such liability without proceeding against the assets of
Borrower or any of Borrower’s other general partners or joint venturers. 
 AFFIRMATIVE COVENANTS. Borrower covenants and agrees with Lender
that, so long as any amounts remain unpaid or Lender has any obligation to make advances on this Note, Borrower shall: 
 1. Notices of
Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings
or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor or their ability to perform their obligations to Lender in connection with this
Note. 

					
		 	PROMISSORY NOTE	 	
	Loan No: 7010080035	 	(Continued)	 	 Page
 3

  

 2. Financial Records. Maintain its books and records in accordance with GAAP, applied on a
consistent basis, and permit Lender to examine and audit Borrower’s books and records at all reasonable times. 
 3. Financial
Statements. Furnish Lender with the following: 
 4. Annual Statements of Borrower. As soon as available and in any event within
forty five (45) days after the end of each fiscal year, financial statements of Borrower for the relevant year ended, including a balance sheet, statement of earnings and statement of cash flows, all as prepared in accordance with GAAP
consistently applied. All statements may be prepared by Borrower. 
 5. Financial Statements of Guarantors. Not later than forty five
(45) days after and as of the end of each fiscal year of each Guarantor, a current financial statement for such Guarantor, prepared by such Guarantor, including a balance sheet and statement of income. 
 6. Tax Returns. Within thirty (30) days after filing, Federal income tax returns of Borrower and each Guarantor, prepared by a tax
professional satisfactory to Lender. 
 7. Additional Requirements. From time to time, such other information about the business,
financial condition or prospects of Borrower or any Guarantor as Lender may reasonably request. 
 8. GAAP. As used in this Note, the
word “GAAP” means generally accepted principles in the United States of America set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and
pronouncements of the Financial Accounting Standards Board as in effect at the time of application. 
 9. Guarantor. As used in this
Note, the word “Guarantor” includes each person who guaranties the obligations of Borrower under this Note. 
 NEGATIVE COVENANTS. Borrower
covenants and agrees with Lender that, so long as any amounts remain unpaid or Lender has any obligation to make advances on this Note, Borrower shall not, without the prior written consent of Lender: 
 1. Indebtedness and Liens. (1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by
this Note, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets, except as allowed as
Permitted Liens, or (3) sell with recourse any of Borrower’s accounts, except to Lender. (As used herein, the words “Permitted Liens” mean (a) liens and security interests securing indebtedness owed by Borrower to Lender;
(b) liens for taxes, assessments, or similar charges either not yet due or being contested in good faith; (c) liens of materialmen, mechanics, warehousemen, or carriers, or other like liens arising in the ordinary course of business and
securing obligations which are not yet delinquent; (d) purchase money liens or purchase money security interests upon or in any property acquired or held by Borrower in the ordinary course of business to secure indebtedness outstanding on the
date of this Note or permitted to be incurred under this paragraph; (e) liens and security interests which, as of the date of this Note, have been disclosed to and approved by the Lender in writing; and (f) those liens and security
interests which in the aggregate constitute an immaterial and insignificant monetary amount with respect to the net value of Borrower’s assets.) 
 2. Continuity of Operations. (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire
or consolidate with any other entity, change its name, dissolve or transfer or sell any collateral that secured this Note out of the ordinary course of business, or (3) make any distribution with respect to any capital account, whether by
reduction of capital or otherwise. 
 3. Loans, Acquisitions and Guaranties. (1) Loan, invest in or advance money or assets to
any other person, enterprise or entity, (2) purchase, create or acquire any interest in any other enterprise or entity, (3) incur any obligation as surety or guarantor other than in the ordinary course of business. 
 NOTE SUBJECT TO TRUST CERTIFICATE. If Borrower or any guarantor of this Note is acting as a trustee of a trust, Borrower acknowledges and agrees that this Note is
subject to, and shall be governed by, all the terms and conditions of a trust certificate that Borrower or such guarantor, as the case may be, has signed and given to Lender in connection with this Note (the “Trust Certificate”). Among
other things, the Trust Certificate supplements the terms of this Note with respect to events and conditions that will constitute an Event of Default (as otherwise defined in the Default section of this Note) or will permit Lender to cease making
advances on this Note. 
 SUCCESSOR INTERESTS. The terms of this Note shall be binding upon Borrower, and upon Borrower’s heirs, personal
representatives, successors and assigns, and shall inure to the benefit of Lender and its successors and assigns. 
 NOTIFY US OF INACCURATE INFORMATION
WE REPORT TO CONSUMER REPORTING AGENCIES. Please notify us if we report any inaccurate information about your account(s) to a consumer reporting agency. Your written notice describing the specific inaccuracy(ies) should be sent to us at the
following address: Savings Bank of Mendocino County 200 N SCHOOL ST UKIAH, CA 95482. 
 GENERAL PROVISIONS. If any part of this Note cannot be
enforced, this fact will not affect the rest of the Note. Lender may delay or forgo enforcing any of its rights or remedies under this Note without losing them. Borrower and any other person who signs, guarantees or endorses this Note, to the extent
allowed by law, waive any applicable statute of limitations, presentment, demand for payment, and notice of dishonor. Upon any change in the terms of this Note, and unless otherwise expressly stated in writing, no party who signs this Note, whether
as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such parties agree that Lender may renew or extend (repeatedly and for any length of time) this loan or deemed necessary by Lender without the consent of or
notice to anyone. All such parties also agree that Lender may modify this loan without the consent of or notice to anyone other than the party with whom the modification is made. The obligations under this Note are joint and several. 
 PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE
TERMS OF THE NOTE. 
 BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE. 
 BORROWER: 
 THANKSGIVING COFFEE COMPANY, INC. 
  

							
	By:	 	 /s/ JOAN KATZEFF
	  	By:	 	 /s/ PAUL KATZEFF

		 	 JOAN KATZEFF, President of THANKSGIVING
 COFFEE COMPANY, INC.
	  		 	 PAUL KATZEFF, Secretary of THANKSGIVING
 COFFEE COMPANY, INC.Director Deferred Compensation Agreement of Neighborhood Community Bank

 Exhibit 10.3 
 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
 THIS DIRECTOR DEFERRED COMPENSATION AGREEMENT (the “Agreement”) is adopted this          day of
                    , 200    , by and between Neighborhood Community Bank, a state-chartered commercial bank
located in Newnan, Georgia (the “Bank”), and [NAME OF DIRECTOR] (the “Director”). 
 The purpose of this Agreement is to
provide specified benefits to the Director, a member of a select group of management or highly compensated employees who contribute materially to the continued growth, development and future business success of the Bank. This Agreement shall be
unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended from time to time. 
 Article I 
 Definitions 
 Whenever used in this Agreement, the following words and phrases shall have the meanings specified: 
  

	1.1	“Beneficiary” means each designated person or entity, or the estate of the deceased Director, entitled to any benefits upon the death of the Director pursuant to
Article 6. 

  

	1.2	“Beneficiary Designation Form” means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan
Administrator to designate one or more beneficiaries. 

  

	1.3	“Board” means the Board of Directors of the Bank as from time to time constituted. 

  

	1.4	“Change in Control” means a change in the ownership or effective control of the Bank, or in the ownership of a substantial portion of the assets of the Bank, as
such change is defined in Section 409A of the Code and regulations thereunder. 

  

	1.5	“Code” means the Internal Revenue Code of 1986, as amended, and all regulations and guidance thereunder, including such regulations and guidance as may be
promulgated after the Effective Date of this Agreement. 

  

	1.6	“Crediting Rate” means seventy-five percent (75%) of the Bank’s Return on Equity for the prior Plan Year. 

  

	1.7	“Deferral Account” means the Bank’s accounting of the Director’s accumulated Deferrals, plus accrued interest. 

  

 1 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

	1.8	“Deferral Election Form” means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan
Administrator to designate the amount of the Deferrals. 

  

	1.9	“Deferrals” means the amount of the Compensation which the Director elects to defer according to this Agreement. 

  

	1.10	“Disability” means the Director: (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or (ii) is, by reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan
covering employees or directors of the Bank. Medical determination of Disability may be made by either the Social Security Administration or by the provider of an accident or health plan covering employees or directors of the Bank provided that the
definition of “disability” applied under such insurance program complies with the requirements of the preceding sentence. Upon the request of the Plan Administrator, the Director must submit proof to the Plan Administrator of the Social
Security Administration’s or the provider’s determination. 

  

	1.11	“Early Termination” means Separation from Service before Normal Retirement Age except when such Separation from Service occurs: (i) following a Change in
Control; or (ii) due to death, Disability or Termination for Cause. 

  

	1.12	“Effective Date” means                     .

  

	1.13	“Fees” means the total fees payable to the Director during a Plan Year. 

  

	1.14	“Normal Retirement Age” means the Director attaining age sixty-seven (67). 

  

	1.15	“Normal Retirement Date” means the later of Normal Retirement Age or Separation from Service. 

  

	1.16	“Plan Administrator” means the Board or such committee or person as the Board shall appoint. 

  

	1.17	“Plan Year” means each twelve (12) month period commencing on January 1 and ending on December 31 of each year. 

  

	1.18	“Return on Equity” means the Bank’s after-tax net income, after taking into account Extraordinary Items, divided by the Bank’s average equity for the same
fiscal year. The Bank’s independent auditor shall determine the Bank’s return on equity after also determining the Bank’s after-tax net income and the Bank’s average equity for the year in question. 

  

 2 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

	1.19	“Separation from Service” means the termination of the Director’s service with the Bank for reasons other than death. Whether a Separation from Service takes
place is determined in accordance with the requirements of Code Section 409A and related Treasury guidance or Regulations based on the facts and circumstances surrounding the termination of the Director’s service and whether the Bank and
the Director intended for the Director to provide significant services for the Bank following such termination. 

  

	1.20	“Specified Employee” means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Bank if any stock of the Bank
is publicly traded on an established securities market or otherwise, as determined by the Plan Administrator based on the twelve (12) month period ending each December 31 (the “identification period”). If the Executive is
determined to be a Specified Employee for an identification period, the Executive shall be treated as a Specified Employee for purposes of this Agreement during the twelve (12) month period that begins on the first day of the fourth month
following the close of the identification period. 

  

	1.21	“Termination for Cause” means a Separation from Service for: 

  

	 	(a)	Gross negligence or gross neglect of duties to the Bank; or 

  

	 	(b)	Conviction of a felony or of a gross misdemeanor involving moral turpitude in connection with the Director’s service with the Bank; or 

  

	 	(c)	Fraud, disloyalty, dishonesty or willful violation of any law or significant Bank policy committed in connection with the Director’s service and resulting in a material adverse
effect on the Bank. 

  

	1.22	“Unforeseeable Emergency” means a severe financial hardship to the Director resulting from an illness or accident of the Director, the Director’s spouse, or
the Director’s dependent (as defined in Section 152(a) of the Code), loss of the Director’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of
the Director. 

 Article 2 
 Deferral Election 
  

	2.1	Elections Generally. The Director may annually file a Fees Deferral Election Form with the Plan Administrator no later than the end of the Plan Year preceding the Plan Year
in which services leading to such Fees will be performed; 

  

	2.2	 Initial Election. After being notified by the Plan Administrator of becoming eligible for participation in the Agreement, the Director may make an initial
deferral election under this Agreement by delivering to the Plan Administrator signed Deferral Election Form and Beneficiary Designation Form within thirty (30) days of becoming eligible. The Deferral Election Form shall set forth the amount of
Fees to be deferred. However, if the Director was eligible to participate in any other account balance plans sponsored by the 

  

 3 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

	 	 
Bank (as referenced in Code Section 409A and related Treasury guidance or Regulations) prior to becoming eligible to participate in this Agreement, the
initial election to defer Fees under this Agreement shall not be effective until the Plan Year following the Plan Year in which the Director became eligible to participate in this Agreement. 

  

	2.3	Deferral Period. The Director may defer Fees for five (5) Plan Years after the Effective Date of this agreement. 

  

	2.4	Election Changes. The Director may modify the amount of Fees to be deferred annually by filing a new Deferral Election Form with the Bank. The modified deferral shall not be
effective until the calendar year following the year in which the subsequent Deferral Election Form is received by the Bank. 

  

	2.5	Hardship. If an Unforeseeable Emergency occurs, the Director, by written instructions to the Company, may discontinue deferrals hereunder. Any subsequent Deferral Elections
may be made only in accordance with Section 2.1 hereof. 

 Article 3 
 Deferral Account 
  

	3.1	Establishing and Crediting. The Bank shall establish a Deferral Account on its books for the Director and shall credit to the Deferral Account the following amounts:

  

	 	(a)	Any Deferrals hereunder; 

  

	 	(b)	Interest as follows: 

  

	 	(i)	On the last day of each month and immediately prior to the distribution of any benefits, but only until commencement of benefit distributions under this Agreement, interest shall be
credited on the Deferral Account at an annual rate equal to the Crediting Rate, compounded monthly; and 

  

	 	(ii)	On the last day of each month during any applicable installment period, interest shall be credited on the unpaid Deferral Account balance at an annual rate equal to the Crediting
Rate compounded monthly. Prior to any event causing distributions hereunder, the Board, in its sole discretion, may change the rate used to calculate interest in this Section 3.1(b)(ii). 

  

	3.2	Accounting Device Only. The Deferral Account is solely a device for measuring amounts to be paid under this Agreement. The Deferral Account is not a trust fund of any kind.
The Director is a general unsecured creditor of the Bank for the distribution of benefits. The benefits represent the mere Bank promise to distribute such benefits. The Director’s rights are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Director’s creditors. 

  

 4 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

 Article 4 
 Distributions During Lifetime 
  

	4.1	Normal Retirement Benefit. Upon the Normal Retirement Date, the Bank shall distribute to the Director the benefit described in this Section 4.1 in lieu of any other
benefit under this Article. 

  

	 	4.1.1	Amount of Benefit. The benefit under this Section 4.1 is the Deferral Account balance at the Normal Retirement Date. 

  

	 	4.1.2	Distribution of Benefit. The Bank shall distribute the benefit to the Director in one hundred twenty (120) equal monthly installments commencing within thirty
(30) days following Normal Retirement Date. 

  

	4.2	Early Termination Benefit. If Early Termination occurs, the Bank shall distribute to the Director the benefit described in this Section 4.2 in lieu of any other benefit
under this Article. 

  

	 	4.2.1	Amount of Benefit. The benefit under this Section 4.2 is the Deferral Account balance determined as of the date of Separation from Service. 

  

	 	4.2.2	Distribution of Benefit. The Bank shall distribute the benefit to the Director in one hundred twenty (120) equal monthly installments commencing within thirty
(30) days following Normal Retirement Age. 

  

	4.3	Disability Benefit. If a Disability occurs which results in a Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Director the benefit
described in this Section 4.3 in lieu of any other benefit under this Article. 

  

	 	4.3.1	Amount of Benefit. The benefit under this Section 4.3 is the Deferral Account balance determined as of the date of Separation from Service. 

  

	 	4.3.2	Distribution of Benefit. The Bank shall distribute the benefit to the Director in one hundred twenty (120) equal monthly installments commencing within thirty
(30) days following Normal Retirement Age. 

  

	4.4	Change in Control Benefit. If a Change in Control occurs followed within by a Separation from Service, the Bank shall distribute to the Director the benefit described in this
Section 4.4 in lieu of any other benefit under this Article. 

  

	 	4.4.1	Amount of Benefit. The benefit under this Section 4.4 is the Deferral Account balance determined as of the date of Separation from Service. 

  

	 	4.4.2	Distribution of Benefit. The Bank shall distribute the benefit to the Director in one hundred twenty (120) equal monthly installments commencing within thirty
(30) days following Normal Retirement Age. 

  

 5 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

	4.5	Restriction on Timing of Distribution. Notwithstanding any provision of this Agreement to the contrary, if the Director is considered a Specified Employee at Separation from
Service, the provisions of this Section 4.5 shall govern all distributions hereunder. Benefit distributions that are made due to a Separation from Service occurring while the Director is a Specified Employee shall not be made during the first
six (6) months following Separation from Service. Rather, any distribution which would otherwise be paid to the Director during such period shall be accumulated and paid to the Director in a lump sum on the first day of the seventh month
following the Separation from Service. All subsequent distributions shall be paid in the manner specified. 

  

	4.6	Distributions Upon income Inclusion Under Code Section 409A. If any amount is required to be included in income by the Director prior to receipt due to a failure of this
Agreement to meet the requirements of Code Section 409A, the Director may petition the Plan Administrator for a distribution of that portion of the Deferral Account balance that is required to be included in the Director’s income. Upon the
grant of such a petition, which grant shall not be unreasonably withheld, the Bank shall distribute to the Director immediately available funds in an amount equal to the portion of the Deferral Account balance required to be included in income as a
result of the failure of this Agreement to meet the requirements of Code Section 409A, within ninety (90) days of the date when the Director’s petition is granted. Such a distribution shall affect and reduce the Director’s
benefits to be paid under this Agreement. 

  

	4.7	Change in Form or Timing of Distributions. For distribution of benefits under this Article 4, the Director and the Bank may, subject to the terms of Section 10.1, amend
the Agreement to delay the timing or change the form of distributions. Any such amendment: 

  

	 	(a)	may not accelerate the time or schedule of any distribution, except as provided in Code Section 409A and the regulations thereunder; 

  

	 	(b)	must, for benefits distributable under Sections 4.2, 4.3 and 4.4 be made at least twelve (12) months prior to the first scheduled distribution; 

  

	 	(c)	must, for benefits distributable under Article 4 delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally
scheduled to be made; and 

  

	 	(d)	must take effect not less than twelve (12) months after the election is made. 

  

	4.8	 Hardship Distribution. If an Unforeseeable Emergency occurs, the Director may petition the Board to receive a distribution from the Agreement. The Board in
its sole discretion may grant such petition. If granted, the Director shall receive, within sixty (60) days, a distribution from the Agreement (i) only to the extent deemed necessary by the Board to remedy the Unforeseeable Emergency, plus
an amount necessary to pay taxes reasonably anticipated as a result of the distribution; and (ii) after taking into account the extent to which such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise
or by liquidation of the Director’s assets (to the extent the 

  

 6 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

	 	 
liquidation would not itself cause severe financial hardship). In any event, the maximum amount which may be paid out pursuant to this Section 4.8 is
the Deferral Account balance as of the day that the Director petitioned the Board to receive a Hardship Distribution under this Section. Such a distribution shall reduce the Deferral Account balance. 

 Article 5 
 Distributions at Death

  

	5.1	Death During Active Service. If the Director dies prior to Separation from Service, the Bank shall distribute to the Beneficiary the benefit described in this
Section 5.1. This benefit shall be distributed in lieu of the benefits under Article 4. 

  

	 	5.1.1	Amount of Benefit. The benefit under this Section 5.1 is the Deferral Account balance determined as of the date of the Director’s death. 

 

	 	5.1.2	Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary, in a lump sum within sixty (60) days following receipt by the Bank of the
Director’s death certificate. 

  

	5.2	Death During Distribution of a Benefit. If the Director dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions,
the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Director had the Director survived. 

  

	5.3	Death After Separation from Service But Before Benefit Distributions Commence. If the Director is entitled to benefit distributions under this Agreement but dies prior to the
commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits to which the Director was entitled prior to death except that the benefit distributions shall commence within sixty (60) days following
receipt by the Bank of the Director’s death certificate. 

 Article 6 
 Beneficiaries 
  

	6.1	In General. The Director shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions under this Agreement upon the death of the
Director. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank in which the Director participates. 

  

	6.2	 Designation. The Director shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan
Administrator or its designated agent. If the Director names someone other than the Director’s spouse as a Beneficiary, the Plan Administrator may, in its sole discretion, determine that spousal 

  

 7 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

	 	 
consent is required to be provided in a form designated by the Plan Administrator, executed by the Director’s spouse and returned to the Plan
Administrator. The Director’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Director or if the Director names a spouse as Beneficiary and the marriage is subsequently dissolved. The Director
shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures. Upon the acceptance by the Plan Administrator of a
new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Director and accepted by the Plan
Administrator prior to the Director’s death. 

  

	6.3	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received, accepted and acknowledged in writing by the Plan Administrator or
its designated agent. 

  

	6.4	No Beneficiary Designation. If the Director dies without a valid Beneficiary designation, or if all designated Beneficiaries predecease the Director, then the Director’s
spouse shall be the designated Beneficiary. If the Director has no surviving spouse, any benefits shall be paid to the Director’s estate. 

  

	6.5	Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be paid to a minor, to a person declared incompetent, or to a person
incapable of handling the disposition of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or
incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the
Director and the Beneficiary, as the case may be, and shall completely discharge of any liability under the Agreement for such distribution amount. 

 Article 7 
 General Limitations 
  

	7.1	Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, the Bank shall not distribute any benefit under this Agreement in excess of the
Deferrals if the Director’s service with the Bank is terminated due to a Termination for Cause. 

  

	7.2	Suicide or Misstatement. No benefit shall be distributed if the Director commits suicide within two (2) years after the Effective Date of this Agreement, or if an
insurance company which issued a life insurance policy covering the Director and owned by the Bank denies coverage (i) for material misstatements of fact made by the Director on an application for such life insurance, or (ii) for any other
reason. 

  

 8 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

	7.3	Removal. Notwithstanding any provision of this Agreement to the contrary, the Bank shall not distribute any benefit under this Agreement if the Executive is subject to a
final removal or prohibition order issued by an appropriate federal banking agency pursuant to Section 8(e) of the Federal Deposit Insurance Act. Notwithstanding anything herein to the contrary, any payments made to the Executive pursuant to
this Agreement, or otherwise, shall be subject to and conditioned upon compliance with 12 U.S.C. 1828 and FDIC Regulation 12 CFR Part 359, Golden Parachute Indemnification Payments and any other regulations or guidance promulgated thereunder.

 Article 8 
 Administration of Agreement 
  

	8.1	Plan Administrator Duties. This Agreement shall be administered by a Plan Administrator which shall consist of the Board, or such committee or person(s) as the Board shall
appoint. The Plan Administrator shall administer this Agreement according to its express terms and shall also have the discretion and authority to (i) make, amend, interpret and enforce all appropriate rules and regulations for the
administration of this Agreement and (ii) decide or resolve any and all questions including interpretations of this Agreement, as may arise in connection with the Agreement to the extent the exercise of such discretion and authority does not
conflict with Section 409A of the Code and regulations thereunder. 

  

	8.2	Agents. In the administration of this Agreement, the Plan Administrator may employ agents and delegate to them such administrative duties as it sees fit, including acting
through a duly appointed representative, and may from time to time consult with counsel who may be counsel to the Bank. 

  

	8.3	Binding Effect of Decisions. Any decision or action of the Plan Administrator with respect to any question arising out of or in connection with the administration,
interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement. 

  

	8.4	Indemnity of Plan Administrator. The Bank shall indemnify and hold harmless the members of the Plan Administrator against any and all claims, losses, damages, expenses or
liabilities arising from any action or failure to act with respect to this Agreement, except in the case of willful misconduct by the Plan Administrator or any of its members. 

  

	8.5	Bank Information. To enable the Plan Administrator to perform its functions, the Bank shall supply full and timely information to the Plan Administrator on all matters
relating to the death, Disability or Separation from Service of the Director, and such other pertinent information as the Plan Administrator may reasonably require. 

  

	8.6	Statement of Accounts. The Plan Administrator shall provide to the Director, within one hundred twenty (120) days after the end of each Plan Year, a statement setting
forth the Deferral Account balance. 

  

 9 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

 Article 9 
 Claims and Review Procedures 
  

	9.1	Claims Procedure. The Director or Beneficiary (“claimant”) who has not received benefits under the Agreement that he or she believes should be paid shall make a
claim for such benefits as follows: 

  

	 	9.1.1	Initiation — Written Claim. The claimant initiates a claim by submitting to the Bank a written claim for the benefits. If such a claim relates to the contents of a
notice received by the claimant, the claim must be made within sixty (60) days after such notice was received by the claimant. All other claims must be made within one hundred eighty (180) days of the date on which the event that caused
the claim to arise occurred. The claim must state with particularity the determination desired by the claimant. 

  

	 	9.1.2	Timing of Bank Response. The Bank shall respond to such claimant within ninety (90) days after receiving the claim. If the Bank determines that special circumstances
require additional time for processing the claim, the Bank can extend the response period by an additional ninety (90) days by notifying the claimant in writing, prior to the end of the initial ninety (90) day period, which an additional
period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision. 

  

	 	9.1.3	Notice of Decision. If the Bank denies part or all of the claim, the Bank shall notify the claimant in writing of such denial. The Bank shall write the notification in a
manner calculated to be understood by the claimant. The notification shall set forth: 

  

	 	(a)	The specific reasons for the denial, 

  

	 	(b)	A reference to the specific provisions of the Agreement on which the denial is based, 

  

	 	(c)	A description of any additional information or material necessary for the claimant to perfect the claim and an explanation of why it is needed, and 

  

	 	(d)	An explanation of the Agreement’s review procedures and the time limits applicable to such procedures. 

  

	9.2	Review Procedure. If the Bank denies part or all of the claim, the claimant shall have the opportunity for a full and fair review by the Bank of the denial, as follows:

  

	 	9.2.1	Initiation — Written Request. To initiate the review, the claimant, within sixty (60) days after receiving the Bank’s notice of denial, must file with the Bank
a written request for review. 

  

 10 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

	 	9.2.2	Additional Submissions — Information Access. The claimant shall then have the opportunity to submit written comments, documents, records and other information relating
to the claim. The Bank shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claimant’s claim for benefits. 

 

	 	9.2.3	Considerations on Review. In considering the review, the Bank shall take into account all materials and information the claimant submits relating to the claim, without regard
to whether such information was submitted or considered in the initial benefit determination. 

  

	 	9.2.4	Timing of Bank Response. The Bank shall respond in writing to such claimant within sixty (60) days after receiving the request for review. If the Bank determines that
special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional sixty (60) days by notifying the claimant in writing, prior to the end of the initial sixty (60) day period,
which an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision. 

  

	 	9.2.5	Notice of Decision. The Bank shall notify the claimant in writing of its decision on review. The Bank shall write the notification in a manner calculated to be understood by
the claimant. The notification shall set forth: 

  

	 	(a)	The specific reasons for the denial, 

  

	 	(b)	A reference to the specific provisions of the Agreement on which the denial is based, and 

  

	 	(c)	A statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to
the claimant’s claim for benefits. 

 Article 10 
 Amendments and Termination 
  

	10.1	Amendments. This Agreement may be amended only by a written agreement signed by the Bank and the Director. However, the Bank may unilaterally amend this Agreement to conform
to written directives to the Bank from its auditors or banking regulators or to comply with legislative changes or tax law, including without limitation Code Section 409A and any and all Treasury regulations and guidance promulgated thereunder.

  

	10.2	Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Director. Except as provided in Section 10.3, the
termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 4 or Article 5.

  

 11 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

	10.3	Plan Terminations Under Section 409A. Notwithstanding anything to the contrary in Section 10.2, if the Bank terminates this Agreement in the following
circumstances: 

  

	 	(a)	Within thirty (30) days before or twelve (12) months after a Change in Control, provided that all distributions are made no later than twelve (12) months following
such termination of the Agreement and further provided that all the Bank’s arrangements which are substantially similar to the Agreement are terminated so the Director and all participants in the similar arrangements are required to receive all
amounts of compensation deferred under the terminated arrangement within twelve (12) months of the such terminations; 

  

	 	(b)	Upon the Bank’s dissolution or with the approval of a bankruptcy court provided that the amounts deferred under the Agreement are included in the Director’s gross income
in the latest of (i) the calendar year in which the Agreement terminates; (ii) the calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year in which the distribution
is administratively practical; or 

  

	 	(c)	Upon the Bank’s termination of this and all other account balance plans (as referenced in Section 409A of the Code or the regulations thereunder), provided that all
distributions are made no earlier than twelve (12) months and no later than twenty-four 24) months following such termination, and the Bank does not adopt any new account balance plans for a minimum of five (5) years following the date of
such termination; 

 the Bank may distribute the Deferral Account balance, determined as of the date of the termination of the
Agreement, to the Director in a lump sum subject to the above terms. 
 Article 11 
 Miscellaneous 
  

	11.1	Binding Effect. This Agreement shall bind the Director and the Bank and their beneficiaries, survivors, executors, administrators and transferees. 

 

	11.2	No Guarantee of Service. This agreement is not a contract for services. It does not give the Director the right to remain as a member of the Board nor interfere with the
Bank’s right to discharge the Director. It does not require the Director to remain a member of the Board nor interfere with the Director’s right to terminate service at any time. 

  

	11.3	Non-Transferability. Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner. 

  

	11.4	Tax Withholding and Reporting. The Bank shall withhold any taxes that are required to be withheld, including but not limited to taxes owed under Code Section 409A from
the benefits provided under this Agreement. The Director acknowledges that the Bank’s sole liability regarding taxes is to forward any amounts withheld to the appropriate taxing authorities. The Bank shall satisfy all applicable reporting
requirements, including those under Code Section 409A. 

  

 12 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

	11.5	Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of the State of Georgia, except to the extent preempted by the laws of the United States
of America. 

  

	11.6	Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank for the distribution of benefits under this Agreement. The benefits
represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors. Any
insurance on the Director’s life or other informal funding asset is a general asset of the Bank to which the Director and the Beneficiary have no preferred or secured claim. 

  

	11.7	Reorganization. The Bank shall not merge or consolidate into or with another Bank, or reorganize, or sell substantially all of its assets to another bank, firm or person
unless such succeeding or continuing bank, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of an event, the term “Bank” as used in this Agreement shall be deemed to refer
to the successor or survivor entity. 

  

	11.8	Entire Agreement. This Agreement constitutes the entire agreement between the Bank and the Director as to the subject matter hereof. No rights are granted to the Director by
virtue of this Agreement other than those specifically set forth herein. 

  

	11.9	Interpretation. Wherever the fulfillment of the intent and purpose of this Agreement requires and the context will permit, the use of the masculine gender includes the
feminine and use of the singular includes the plural 

  

	11.10	Alternative Action. In the event it shall become impossible for the Bank or the Plan Administrator to perform any act required by this Agreement due to regulatory or other
constraints, the Bank or Plan Administrator may perform such alternative act as most nearly carries out the intent and purpose of this Agreement and is in the best interests of the Bank, provided that such alternative acts do not violate
Section 409A of the Code. 

  

	11.11	Headings. Article and section headings are for convenient reference only and shall not control or affect the meaning or construction of any of its provisions.

  

	11.12	Validity. In case any provision of this Agreement shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but
this Agreement shall be construed and enforced as if such illegal and invalid provision has never been inserted herein. 

  

	11.13	Notice. Any notice or filing required or permitted to be given to the Bank or Plan Administrator under this Agreement shall be sufficient if in writing and hand-delivered or
sent by registered or certified mail to the address below: 

  

	
	  

	  

	  

  

 13 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
  
  

 Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of
the date shown on the postmark on the receipt for registration or certification. 
 Any notice or filing required or permitted to be given to
the Director under this Agreement shall be sufficient if in writing and hand-delivered or sent by mail to the last known address of the Director. 
  

	11.14	Compliance with Section Code 409A. This Agreement shall be interpreted and administered consistent with Code Section 409A. 

 IN WITNESS WHEREOF, the Director and the Bank have signed this Agreement as of
                    , 2         
  

							
	Director:	 		 	Bank:
			
		 		 	Neighborhood Community Bank
				
	  
	 		 	By:	 	  

	[Director]	 		 		 	
		 		 	Title:	 	  

  

 14 

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
 Deferral Election Form 
  
 Fees Election 
  

							
	 Amount of Deferral
	    	 Duration

	[Initial and Complete One]	    	[Initial and Complete One]
	      
	    	I elect to defer     % of my Fees (amount not to exceed     %).	    	      
	    	For              year(s)
				
	  
	    	I elect to defer $             of my Fees (amount not to exceed
$            ).	    	  
	    	For all future Plan Years
				
	  
	    	I elect not to defer any of my Fees.	    		    	

  

					
	Printed Name:	 	  

		
	Signature:	 	  

			
	Date:	 	  
	 	

 Received by the Plan Administrator this
             day of                     , 2    

  

			
	By:	 	  

  

					
		 	(i) Title:	 	  

 Neighborhood Community Bank 
 Director Deferred Compensation Agreement 
 BENEFICIARY DESIGNATION FORM 
  
  

	 ̈	New Designation 

  

	 ̈	Change in Designation 

 I,
                                        
designate the following as Beneficiary under the Plan: 
  

							
	Primary:	 		  		 	
				
	  
	 		  	    %	 	
				
	  
	 		  	    %	 	
				
	Contingent:	 		  		 	
				
	  
	 		  	    %	 	
				
	  
	 		  	    %	 	

 Notes: 
  

	 	•	 	 Please PRINT CLEARLY or TYPE the names of the beneficiaries. 

  

	 	•	 	 To name a trust as Beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement. 

  

	 	•	 	 To name your estate as Beneficiary, please write “Estate of [your name]_”. 

  

	 	•	 	 Be aware that none of the contingent beneficiaries will receive anything unless ALL of the primary beneficiaries predecease you. 

 I understand that I may change these beneficiary designations by delivering a new written designation to the Plan Administrator, which shall be effective only upon
receipt and acknowledgment by the Plan Administrator prior to my death. I further understand that the designations will be automatically revoked if the Beneficiary predeceases me, or, if I have named my spouse as Beneficiary and our marriage is
subsequently dissolved. 
  

							
	Name:	 	  
	    		 	
				
	Signature:	 	  
	    	Date:	 	              

 Received by the Plan Administrator this
             day of                     , 2
             
  

			
	By:	 	  

		
	Title:

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