Document:

Exhibit 10.51

 

	COMMUNITY BANK OF TRI-COUNTY 
	Salary Continuation Agreement

 

COMMUNITY BANK OF TRI-COUNTY 

SALARY CONTINUATION AGREEMENT

 

THIS SALARY CONTINUATION
AGREEMENT (the "Agreement") is adopted this 21st day of August, 2006, by and between COMMUNITY BANK OF TM-COUNTY, a state-chartered
commercial bank located in Waldorf, Maryland (the "Company-) and JAMES DIMISA (the "Executive").

 

The purpose of this Agreement
is to provide specified benefits to the Executive, 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 Company. 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 1 

Definitions

 

Whenever used in this Agreement, the following
words and phrases shall have the meanings specified:

 

1.1         "Beneficiary" means each designated person,
or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive determined pursuant to Article
4.

 

1.2         "Beneficiary Designation Form" means the form
established from time to time by the Plan Administrator that the Executive completes, signs, and returns to the Plan Administrator
to designate one or more Beneficiaries.

 

1.3         "Board" means the Board of Directors of
the Company as from time to time constituted.

 

1.4         "Change in Control" shall mean the occurrence
of any of the following events:

 

		a.	individuals who, on the date of this Agreement, constitute the Board of Directors of the Company
(the "Incumbent Directors") cease for any reason to constitute at least half of the Board of Directors of the Company,
provided that any person becoming a director subsequent to such time, whose election or nomination for election was approved by
a vote of at least two-thirds (2/3) of the Incumbent Directors then on the Board of Directors of the Company (either by a specific
vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without written
objection to such nomination) shall be an Incumbent Director; provided, however, that no individual initially elected or nominated
as a director of the Company as a result of an actual or threatened election contest with respect to directors or as a result of
any other actual or threatened solicitation of proxies or consents by or on behalf of any person other than the Board of Directors of the
Company shall be deemed to be an Incumbent Director;

 

    	 	 	 

    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

  

		(b)	any "person" (as such term is defined in Section 3(a)(9) of the Securities Exchange Act
of 1934 (the "Exchange Act") and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) is or becomes a "beneficial
owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing
25% or more of the combined voting power of the Company's then outstanding securities eligible to vote for the election of the
Board of Directors of the Company (the "Company Voting Securities"); provided, however, that the event described in this
paragraph (b) shall not be deemed to be a Change in Control by virtue of any of the following acquisitions: (1) by the Company
or any subsidiary, (2) by any employee benefit plan (or related trust) sponsored or maintained by the Company or any subsidiary,
(3) by any underwriter temporarily holding securities pursuant to an offering of such securities or (4) a transaction (other than
one described in (c) below) in which Company Voting Securities are acquired from the Company, if a majority of the Incumbent Directors
approve a resolution providing expressly that the acquisition pursuant to this clause (4) does not constitute a Change in Control
under this paragraph (b);

 

		(c)	the consummation of a merger, consolidation,
statutory share exchange or similar form of corporate transaction involving the Company or any of its subsidiaries that requires
the approval of the Company's stockholders, whether for such transaction or the issuance of securities in the transaction (a "Business
Combination"), unless immediately following such Business Combination: (1) at least 50% of the total voting power of (x) the
corporation resulting from such Business Combination (the "Surviving Corporation"), or (y) if applicable, the ultimate
parent corporation that directly or indirectly has beneficial ownership of 100% of the voting securities eligible to elect directors
of the Surviving Corporation (the "Parent Corporation"), is represented by the Company Voting Securities that were outstanding
immediately prior to such Business Combination (or, if applicable, is represented by shares into which such Company Voting Securities
were converted pursuant to such Business Combination), and such voting power among (and only among) the holders thereof is in substantially
the same proportion as the voting power of such Company Voting Securities among the holders thereof immediately prior to the Business
Combination, (2) no person (other than any employee benefit plan (or related trust) sponsored or maintained by the Surviving Corporation
or the Parent Corporation) is or becomes the beneficial owner, directly or indirectly, of 25% or more of the total voting power
of the outstanding voting securities eligible to elect directors of the Parent Corporation (or, if there is no Parent Corporation,
the Surviving Corporation) and (3) at least 50% of the members of the board of directors of the Parent Corporation (or, if there
is no Parent Corporation, the Surviving Corporation) following the consummation of the Business Combination were Incumbent Directors at the time of the Company Board's approval
of the execution of the initial agreement providing for such Business Combination; or

 

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    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

		(d)	the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company
or a sale of all or substantially all of the Company's assets.

 

Notwithstanding the foregoing, a Change in
Control shall not be deemed to occur solely because any person acquires beneficial ownership of more than 25% of Company Voting
Securities as a result of the acquisition of Company Voting Securities by the Company which reduces the number of Company Voting
Securities outstanding; provided, that if after such acquisition by the Company such person becomes the beneficial owner of additional
Company Voting Securities that increases the percentage of outstanding Company Voting Securities beneficially owned by such person,
a Change in Control of the Company shall then occur.

 

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

 

1.6         "Corporation" means the Tri-County Financial
Corporation.

 

1.7         "Disability" means
the Executive's (i) inability 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
12 months; or (ii) receipt of disability benefits for a period of 3 months under an accident and health plan of the employer by
reason of the participant's 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 12 months.

 

1.8         "Early Termination" means Separation from Service
before Normal Retirement Age except when such Separation from Service occurs: (i) within twelve (12) months following a Change
in Control; or (ii) due to death, Disability, or Termination for Cause.

 

1.9         "Effective Date" means January 1, 2006.

 

1.10       "Normal Retirement Age" means the Executive
attaining age sixty-five (65).

 

1.11       "Normal Retirement Date" means the date of
the Executive's Separation from Service on or after attaining Normal Retirement Age.

 

1.12       "Plan Administrator" means the plan administrator
described in Article 6.

 

1.13       "Plan Year" means each twelve-month period
commencing on January l and ending on December 31st of each year. The initial Plan Year shall commence on the Effective
Date of this Agreement and end on the following December 31.

 

1.14       "Schedule A" means the schedule
attached to this Agreement and made a part hereof. Schedule A shall be updated upon a change in any of the benefits under Articles
2 or 3.

 

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    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

1.15        "Separation from Service"
means the termination of the Executive's employment with the Company for reasons other than death (except as provided in Section
1.8). Whether a Separation from Service takes place is determined based on the facts and circumstances surrounding the termination
of the Executive's employment and whether the Company and the Executive intended for the Executive to provide significant services
for the Company following such termination_ A termination of employment will not be considered a Separation from Service if:

 

		(a)	the Executive continues to provide services as an employee of the Company at an annual rate that
is twenty percent (20%) or more of the services rendered, on average, during the immediately preceding three full calendar years
of employment (or, if employed less than three years, such lesser period) and the annual remuneration for such services is twenty
percent (20%) or more of the average annual remuneration earned during the final three full calendar years of employment (or, if
less, such lesser period), or

 

		(b)	the Executive continues to provide services to the Company in a capacity other than as an employee
of the Company at an annual rate that is fifty percent (50%) or more of the services rendered, on average, during the immediately
preceding three full calendar years of employment (or if employed less than three years, such lesser period) and the annual remuneration
for such services is fifty percent (50%) or more of the average annual remuneration earned during the final three full calendar
years of employment (or if less, such lesser period).

 

1.16       "Specified Employee"
means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Company if any stock
of the Company is publicly traded on an established securities market or otherwise.

 

1.17       "Termination for Cause" shall have the meaning
set forth in Article 5.

 

Article 2 

Distributions During Lifetime

 

2.1         Normal Retirement Benefit. Upon
Separation from Service on or after the Normal Retirement Date, the Company shall distribute to the Executive the benefit described
in this Section 2.1 in lieu of any other benefit under this Article.

 

		2.1.1	Amount of Benefit. The annual benefit under this
Section 2.1 is Forty-One Thousand Six Hundred Dollars ($41,600), payable for a period of fifteen (15) years and resulting in a
total benefit of Six Hundred Twenty-Four Thousand Dollars ($624,000). The Company's Board of Directors, in its sole discretion,
through a duly adopted resolution, may increase the annual benefit under this Section prior to the Executive's Separation from Service.

 

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    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

 

		2.1.2	Distribution of Benefit. The Company shall distribute
the benefit to the Executive in one hundred eighty (180) consecutive equal monthly installments, commencing on the first day of
the month following Separation from Service.

 

2.2         Early
Termination Benefit. Upon Early Termination, the Company shall distribute to the Executive the benefit described in this
Section 2.2 in lieu of any other benefit under this Article.

 

		2.2.1	Amount of Benefit. The benefit under this Section
2.2 is the Early Termination Benefit set forth on Schedule A for the Plan Year ending prior to Separation from Service.

 

		2.2.2	Distribution of Benefit. The Company shall distribute
the benefit to the Executive in one hundred eighty (180) consecutive equal monthly installments commencing the first day of the
month following the Executive attaining Normal Retirement Age.

 

2.3         Disability Benefit. If the Executive
experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Company shall distribute
to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article.

 

		2.3.1	Amount of Benefit. The benefit under this Section
2.3 is the Normal Retirement Benefit amount described in Section 2.1.1.

 

		2.3.2	Distribution of Benefit. The Company shall distribute
the benefit to the Executive in one hundred eighty (180) consecutive equal monthly installments commencing the first day of the
month following the Executive attaining Normal Retirement Age.

 

2.4         Change in Control Benefit. Upon
a Change in Control, followed within twelve (12) months by a Separation from Service, the Company shall distribute to the Executive
the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

 

		2.4.1	Amount of Benefit. The benefit under this Section
2.4 is the Normal Retirement Benefit amount described in Section 2.1.1.

 

		2.4.2	Distribution of Benefit. The Company shall distribute
the benefit to the Executive in one hundred eighty (180) consecutive equal monthly installments commencing the first day of the
month following the Executive attaining Normal Retirement Age.

 

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    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

2.5         Restriction on Timing of Distribution.
Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a Specified Employee at Separation
from Service under such procedures as established by the Company in accordance with Section 409A of the Code, benefit distributions
that are made upon Separation from Service may not commence earlier than six (6) months after the date of such Separation from
Service. Therefore, in the event this Section 2.5 is applicable to the Executive, any distribution which would otherwise be paid
to the Executive within the first six months following the Separation from Service shall be accumulated and paid to the Executive
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 under this Article 11 of the Plan with respect to the applicable benefit.

 

2.6         Distributions Upon Income
Inclusion Under Section 409A of the Code. Upon the inclusion of any amount into the Executive's income as a result of the failure
of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such
tax liability can be covered by the amount which the Company has accrued with respect to the obligations described in this Article
2, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.

 

2.7         Change in Form or Timing of Distributions.
For distribution of benefits under this Article 2, the Executive and the Company may, subject to the terms of Section 8.1, 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
Section 409A of the Code and the regulations thereunder;

 

		(b)	must, for benefits distributable under Section 2.2, 2.3 and 2.4, be made at least twelve
(12) months prior to the first scheduled distribution;

 

		(c)	must, for benefits distributable under Sections 2.1, 2.2, 2.3 and 2.4, 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 amendment is made.

 

Article 3 

Distribution at Death

 

3.1         Death During Active Service.
If the Executive dies before Separation from Service and prior to Normal Retirement Age, the Company shall distribute to the Beneficiary
the benefit described in this Section 3.1. This benefit shall be distributed in lieu of the benefits under Article 2.

 

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    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

		3.1.1	Amount
of Benefit. The benefit under this Section 3.1 is the Normal Retirement Benefit amount described in Section 2.1.1.

 

		3.1.2	Distribution of Benefit. The Company shall distribute
the benefit to the Beneficiary in one hundred eighty (180) consecutive equal monthly installments for commencing the first day
of the month following receipt by the Company of the Executive's death certificate.

 

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

 

3.3         Death After Separation from Service
But Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions under this Agreement, but
dies prior to the commencement of said benefit distributions, the Company shall distribute to the Beneficiary the same benefits
that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days
following receipt by the Company of the Executive's death certificate.

 

Article 4 

Beneficiaries

 

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

 

4.2         Beneficiary Designation: Change.
The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form, and delivering it to the
Plan Administrator or its designated agent. The Executive's beneficiary designation shall be deemed automatically revoked if the
Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved.
The Executive 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, as in effect from time to time. 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 Executive and accepted by
the Plan Administrator prior to the Executive's death.

 

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Salary Continuation Agreement

    

 

4.3         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.

 

4.4         No Beneficiary Designation.
If the Executive dies without a valid beneficiary designation, or if all designated Beneficiaries predecease the Executive, then
the Executive's spouse shall be the designated Beneficiary. If the Executive has no surviving spouse, the benefits shall be made
to the personal representative of the Executive's estate.

 

4.5         Facility of Distribution.
If the Plan Administrator determines in its discretion that a benefit is to be distributed 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 Executive and
the Executive's Beneficiary, as the case may be, and shall be a complete discharge of any liability under the Agreement for such
distribution amount.

 

Article 5 

General Limitations

 

5.1         Termination for Cause. Notwithstanding
any provision of this Agreement to the contrary, the Company shall not pay any benefit under this Agreement if the Company terminates
the Executive's employment for Cause. Cause shall mean a good faith determination of the Company's Board of Directors that the
Executive has: (a) engaged in acts of personal dishonesty which have resulted in loss to the Company, or one of its affiliates,
(b) intentionally failed to perform stated duties, (c) committed a willful violation of any law, rule, regulation (other than traffic
violations or similar offenses), (d) become subject to the entry of a final cease and desist order which results in substantial
loss to the Company or one of its affiliates, (e) been convicted of a crime or act involving moral turpitude, (f) willfully breached
the Company's code of conduct and business ethics, (g) been disqualified or barred by any governmental or self-regulatory authority
from serving in the Executive's then-current employment capacity or (h) willfully attempted to obstruct or failed to cooperate
with any investigation authorized by the Board of Directors or any governmental or self-regulatory entity. No act or failure to
act on the part of the Executive shall be considered "willful" unless it is done, or omitted to be done, by the Executive
in bad faith or without reasonable belief that the Executive's action or omission was in the best interests of the Company. Any
act or failure to act that is based upon authority given pursuant to a resolution duly adopted by the Board of Directors, or upon
the advice of legal counsel for the Company, shall be conclusively presumed to be done, or omitted to be done, by the Executive
in good faith and in the best interests of the Company.

 

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    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

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

 

5.3         Required Regulatory Provision. No payments
will be made under this Agreement that would violate of 12 U.S.C. Sec. 1828(k) or 12 U.S.C. Sec. 1818(e) or any regulation promulgated
thereunder.

 

Article 6 

Administration of Agreement

 

6.1         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.

 

6.2         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 Company.

 

6.3         Binding
Effect of Decisions. The 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.

 

6.4         Indemnity
of Plan Administrator. The Company 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.

 

6.5         Company
information. To enable the Plan Administrator to perform its functions, the Company shall supply full and timely information
to the Plan Administrator on all matters relating to the date and circumstances of the Disability, death, or Separation from Service
of the Executive and such other pertinent information as the Plan Administrator may reasonably require.

 

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    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

6.6         
Annual Statement. The Plan Administrator shall provide to the Executive, within one hundred twenty (120) days after the
end of each Plan Year, a statement setting forth the benefits to be distributed under this Agreement.

 

Article 7 

Claims And Review Procedures

 

7.1         For all claims, the following procedures will apply:

 

		7.1.1	Claims Procedure. Any individual ("Claimant")
who has not received benefits under this Agreement that he or she believes should be paid shall make a claim for such benefits
as follows:

 

		7.1.1.1	Initiation — Written Claim. The Claimant
initiates a claim by submitting to the Company a written claim for the benefits.

 

		7.1.1.2	Timing of Company Response, The Company shall
respond to such Claimant within ninety (90) days after receiving the claim. If the Company determines that special circumstances
require additional time for processing the claim, the Company 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, that an additional period is required.
The notice of extension must set forth the special circumstances and the date by which the Company expects to render its decision.

 

		7.1.1.3	Notice of Decision. If the Company denies part
or all of the claim, the Company shall notify the Claimant in writing of such denial. The Company 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 this 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,

 

		(d)	An explanation of this Agreement's review procedures and the time limits applicable to such procedures, and

 

		(e)	A statement of the Claimant's right to bring a civil action under ERISA Section 502(a) following
an adverse benefit determination on review.

 

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Salary Continuation Agreement

    

 

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

 

7.1.2.1 Initiation — Written
Request. To initiate the review, the Claimant, within 60 days after receiving the Company's notice of denial, must file with
the Company a written request for review.

 

7.1.2.2 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 Company shall also provide the Claimant, upon request and free of charge, reasonable
access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to
the Claimant's claim for benefits.

 

7.1.2.3 Considerations on Review.
In considering the review, the Company 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.

 

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

 

7.1.2.5 Notice of Decision.
The Company shall notify the Claimant in writing of its decision on review. The Company 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 this Agreement on which the denial is based,

 

		(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 (as defined in applicable
ERISA regulations) to the Claimant's claim for benefits, and

 

		(d)	A statement of the Claimant's right to bring a civil action under ERISA Section 502(a).

 

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    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

Article 8 

Amendments and Termination

 

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

 

8.2        Plan Termination Generally.
This Agreement may be terminated only by a written agreement signed by the Company and the Executive. However, the Company may
unilaterally amend this Agreement to conform with written directives to the Company from its auditors or banking regulators or
to comply with legislative or tax law, including without limitation Section 409A of the Code and any and all regulations and guidance
promulgated thereunder. The benefit shall be frozen as of the date the Agreement is terminated. Except as provided in Section 8.3,
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 2 or Article 3.

 

8.3         Plan Terminations Under Section
409A. Notwithstanding anything to the contrary in Section 8.2, if the Company terminates this Agreement in the following circumstances:

 

		(a)	Within thirty (30) days before, or twelve (12) months after a change in the ownership or effective
control of the Company, or in the ownership of a substantial portion of the assets of the Company as described in Section 409A(2)(A)(v)
of the Code, provided that all distributions are made no later than twelve (12) months following such termination of the Agreement
and further provided that all the Company's arrangements which are substantially similar to the Agreement are terminated so the
Executive and all participants in the similar arrangements are required to receive all amounts of compensation deferred under the
terminated arrangements within twelve (12) months of the termination of the arrangements;

 

		(b)	Upon the Company's dissolution or with
the approval of a bankruptcy court provided that the amounts deferred under the Agreement are included in the Executive'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 Company's termination of this and all other non-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 Company does not adopt any new non-account balance
plans for a minimum of five (5) years following the date of such termination;

 

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    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

the Company may distribute the amount which
the Company has accrued with respect to the Company's obligations under Article 2 hereof, determined as of the date of the termination
of the Agreement, to the Executive in a lump sum subject to the above terms.

 

Article 9 

Miscellaneous

 

9.1         Binding
Effect. This Agreement shall bind the Executive and the Company, and their beneficiaries, survivors, executors, administrators
and transferees.

 

9.2         No
Guarantee of Employment. This Agreement is not a contract for employment. It does not give the Executive the right to remain
as an employee of the Company, nor does it interfere with the Company's right to discharge the Executive. It also does not require
the Executive to remain an employee nor interfere with the Executive's right to terminate employment at any time.

 

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

 

9.4         Tax
Withholding and Reporting. The Company shall withhold any taxes that are required to be withheld, including, but not limited
to, taxes owed under Section 409A of the Code and regulations thereunder, from the benefits provided under this Agreement. The
Executive acknowledges that the Company's sole liability regarding taxes is to forward any amounts withheld to the appropriate
taxing authority(ies). Further, the Company shall satisfy all applicable reporting requirements, including those under Section
409A of the Code and regulations thereunder.

 

9.5         Applicable
Law. The Agreement and all rights hereunder shall be governed by the laws of the State of Maryland, except to the extent preempted
by the laws of the United States Of America.

 

9.6         Unfunded
Arrangement. The Executive and the Beneficiary are general unsecured creditors of the Company for the distribution of benefits
under this Agreement. The benefits represent the mere promise by the Company 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 Executive's life or other informal funding asset is a general asset of the Comp-any to which
the Executive and Beneficiary have no preferred or secured claim.

 

9.7        Reorganization.
The Company 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 Company under this Agreement. Upon the occurrence of such event, the term "Company" as used in this
Agreement shall be deemed to refer to the successor or survivor bank.

 

    	 	 13	 

    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

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

 

9.9         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.

 

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

 

9.11      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.

 

9.12       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.

 

9.13      Notice. Any notice or filing required
or permitted to be given to the Company 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:

 

Community Bank of Tri-County

P.O. Box 38

Waldorf, MD 20601

 

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 Executive under this Agreement shall be sufficient if writing and hand-delivered,
or sent by mail, to the last known address of the Executive.

 

9.14      Compliance with Section 409A. This
Agreement shall at all times be administered and the provisions of this Agreement shall be interpreted consistent with the requirements
of Section 409A of the Code and any and all regulations thereunder, including such regulations as may be promulgated after the
Effective Date of this Agreement.

 

    	 	 14	 

    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

IN WITNESS WHEREOF, the Executive and a duly
authorized representative of the Company have signed this Agreement.

 

	EXECUTIVE:	 	COMPANY:
	 	 	 
	 	 	COMMUNITY BANK OF TRI-COUNTY
	 	 	 	 
	/s/James F. DiMisa	 	By	/s/Michael L. Middleton
	James F. DiMisa	 	 	 
	 	 	Title	President

 

    	 	 15	 

    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

FIRST AMENDMENT 

TO THE

COMMUNITY BANK OF TRI-COUNTY

SALARY CONTINUATION AGREEMENT

DATED AUGUST 21, 2006

FOR

JAMES DIMISA

 

THIS FIRST AMENDMENT is adopted this 16 day
of April, 2007, by and between Community Bank of Tri-County, a state-chartered commercial bank located in
Waldorf, Maryland (the "Company") and James Dimisa (the "Executive").

 

The Company and the Executive executed
the Salary Continuation Agreement on August 21, 2006 effective January 1, 2006 (the "Agreement").

 

The undersigned hereby amend the Agreement
for the purpose of changing the Disability and Change in Control benefit amounts. Therefore, the following changes shall be made:

 

Section 2.3.1 of the Agreement
shall be deleted in its entirety and replaced with the following:

 

		2.3.1	Amount of Benefit. The benefit under this Section
2.3 is the Disability Benefit set forth on Schedule A for the Plan Year ending prior to Separation from Service.

 

Section 2.4.1 of the Agreement
shall be deleted in its entirety and replaced with the following:

 

		2.4.1	Amount of Benefit. The benefit under this Section
2.4 is the Change in Control Benefit set forth on Schedule A for the Plan Year ending prior to Separation from Service.

 

Section 2.4.2 of the Agreement
shall be deleted in its entirety and replaced with the following:

 

		2.4.2	Distribution of Benefit. The Company shall distribute
the benefit to the Executive in one hundred eighty (180) consecutive monthly installments commencing the first day of the month
following Separation from Service.

 

Section 2.7 of the Agreement shall be deleted
in its entirety and replaced with the following:

 

		2.7	Change in Form or Timing of Distributions. For
distribution of benefits under this Article 2, the Executive and the Company may, subject to the terms of Section 8.1, amend the
Agreement to delay the timing or change the form of distributions. Any such amendment:

 

    	 	 16	 

    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

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

 

		(b)	must, for benefits distributable under Sections 2.2 and 2.3, be made at least twelve (12) months prior to the first scheduled
distribution;

 

		(c)	must, for benefits distributable under Sections 2.1, 2.2, 2.3 and 2.4, 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 amendment is made.

 

IN WITNESS OF THE ABOVE, the Company
and the Executive hereby consent to this First Amendment.

 

	Executive:	 	Community Bank of Tri-County
	 	 	 	 
	/s/James Dimisa	 	By	/s/William J Pasenelli
	James Dimisa	 	Title	 CFO

 

    	 	 17	 

    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

SECOND AMENDMENT 

TO THE 

COMMUNITY BANK OF TRI-COUNTY 

SALARY CONTINUATION AGREEMENT 

DATED AUGUST 21, 2006 

AND AMENDED APRIL 16, 2007 

FOR 

JAMES DIMISA

 

THIS SECOND
AMENDMENT is adopted this 30th day of December, 2007, by and between Community Bank of Tri-County, a state-chartered
commercial bank located in Waldorf, Maryland (the "Company") and James Dimisa (the "Executive").

 

The Company and the Executive executed
the Salary Continuation Agreement on August 21, 2006 effective January 1, 2006 a First Amendment on April 16, 2007 (the "Agreement").

 

The undersigned
hereby amend the Agreement for the purpose of changing the Change in Control definition, increasing the Normal Retirement Benefit
and updating the plan termination provision. Therefore, the following changes shall be made:

 

Section 1.4 of the Agreement shall be deleted
in its entirety and replaced with the following:

 

		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 Code Section 409A and regulations thereunder.

 

Section 2_1_1 of the Agreement shall be
deleted in its entirety and replaced with the following:

 

2.1.1 Amount of Benefit. The annual
benefit under this Section 2.1 is Sixty-Five Thousand Dollars ($65,000) for a period of fifteen (15) years resulting in a total
benefit of Nine Hundred Seventy Five Thousand Dollars ($975,000). The Company's Board of Directors, in its sole discretion, through
duly adopted resolution, may increase the annual benefit under this Section prior to the Executive's Separation from Service.

 

Section 8.3 of the Agreement shall be deleted
in its entirety and replaced with the following:

 

		8.3	Plan Terminations Under Section 409A. Notwithstanding
anything to the contrary in Section 8.2, if the Company 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 Company's arrangements which are substantially similar
to the Agreement are terminated so the Executive and all participants in the similar arrangements are required to receive all amounts
of compensation deferred under the terminated arrangements within twelve (12) months of the termination of the arrangements;

 

    	 	 18	 

    COMMUNITY BANK OF TRI-COUNTY
Salary Continuation Agreement

    

 

		(b)	Upon the Company's dissolution or with the approval of a bankruptcy court provided that the amounts
deferred under the Agreement are included in the Executive'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 Company's termination of this and all other arrangements that would be aggregated with
this Agreement pursuant to Treasury Regulations Section 1.409A-1(c) if the Executive participated in such arrangements ("Similar
Arrangements"), provided that (i) the termination and liquidation does not occur proximate to a downturn in the financial
health of the Company, (ii) all termination distributions are made no earlier than twelve (12) months and no later than twenty-four
(24) months following such termination, and (iii) the Company does not adopt any new arrangement that would be a Similar Arrangement
for a minimum of three (3) years following the date the Company takes all necessary action to irrevocably terminate and liquidate
the Agreement;

 

The Company may distribute the amount
which the Company has accrued with respect to the Company's obligations hereunder, determined as of the date of the termination
of the Agreement, to the Executive in a lump sum subject to the above terms.

 

Schedule A shall be deleted and replaced with the attached
Schedule A.

 

IN WITNESS OF THE ABOVE, the
Company and the Executive hereby consent to this Second Amendment.

 

	Executive:	 	Community Bank of Tri-County
	 	 	 	 
	/s/James Dimisa	 	By	/s/Michael L. Middleton
	James Dimisa	 	Title	President

 

    	 	 19Exhibit 10.52

 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

 

THIS AGREEMENT, made
and entered into this 1st day of January, 2011, by and between Community Bank of TRI-County, a banking corporation organized and
existing under the laws of the State of Maryland, hereinafter referred to as the "Plan Sponsor", and James DiMisa, hereinafter
referred to as the "Participant".

 

WITNESSETH

 

WHEREAS, it is the
consensus of the Board that the Participant's services to the Plan Sponsor in the past have been of exceptional merit and have
constituted an invaluable contribution to the general welfare of the Plan Sponsor bringing it to its present status of operating
efficiency, and its present position in its field of activity; and,

 

WHEREAS, the experience
of the Participant, his knowledge of the affairs of the Plan Sponsor, his reputation and contacts in the industry are so valuable
that assurance of his continued services is essential for the future growth and profits of the Plan Sponsor and it is in the best
interests of the Plan Sponsor to arrange terms of continued employment for the Participant so as to reasonably assure his remaining
in the Plan Sponsor's employment during his lifetime or until the age of retirement; and,

 

WHEREAS, it is the desire of the Plan
Sponsor that his services be retained as herein provided; and,

 

WHEREAS, the Participant
is willing to continue in the employ of the Plan Sponsor provided the Plan Sponsor agrees to pay to his beneficiaries certain benefits
in accordance with the tel. ills and conditions hereinafter set forth; and,

 

WHEREAS, the Plan
Sponsor intends that the Plan shall at all times be administered and interpreted in such a manner as to constitute an unfunded
nonqualified deferred compensation plan for tax purposes and for purposes of Title I of ERISA. This Plan is not intended to qualify
for favorable tax treatment pursuant to IRC Section 401(a) of the Code or any successor section or statute. This Plan is intended
to comply with IRC Section 409A as created under The American Jobs Creation Act of 2004 (the "Jobs Act of 2004"). It
is both anticipated and expected that the terms and provisions of this Plan may need to be amended in the future to assure continued
compliance. The Plan Sponsor and the Participant acknowledge that fact and agree to take any and all steps necessary to operate
the plan in "good faith" based on their current understanding of the regulations;

 

NOW THEREFORE, in
consideration of services performed in the past and to be performed in the future as well as of the mutual promises and covenants
herein contained, it is agreed as follows:

 

ARTICLE 1 

DEFINITIONS

 

DEFINITION OF TERMS.
Certain words and phrases are defined when first used in later Articles of this Plan. Whenever any words are used herein in
the masculine, they shall be construed as though they were in the feminine in all cases where they would so apply; and whenever
any words are used herein in the singular or in the plural, they shall be construed as though they were used in the plural or the
singular, as the case may be, in all cases where they would so apply. For the purpose of this Plan, unless otherwise clearly apparent
from the context, the following phrases or terms shall have the following indicated meanings:

 

    	 	 	Page 1 of 17

     

    

 

1.1           "Accrued
Benefit" shall mean the portion of the Participant's Normal Retirement Benefit that has accrued as of the applicable date
of reference, with respect to services performed by the Participant beginning on January 1, 2011, as calculated for purposes of
Generally Accepted Accounting Principles (GAAP) and recorded on the books of the Plan Sponsor.

 

1.2           "Applicable
Guidance" shall mean, as the context requires, Code § 409A and the Final Treasury Regulations issued thereunder,
or other written Treasury or IRS guidance regarding or affecting Code § 409A.

 

1.3           "Beneficiary"
shall mean the person or persons, natural or otherwise, designated in writing by a Participant in accordance with Article 5
before his death to receive Plan benefits in the event of the Participant's death.

 

1.4           "Board"
shall mean the board of directors of the Plan Sponsor, unless specifically noted otherwise.

 

1.5           "Cause"
shall mean any of the following acts or circumstances: (i) willful destruction by the Participant of property of the Plan Sponsor
having a material value to the Plan Sponsor; (ii) fraud, embezzlement, theft, or comparable dishonest activity committed by the
Participant (excluding acts involving a de minimis dollar value and not related to the Plan Sponsor); (iii) the Participant's conviction
of or entering a plea of guilty or nolo contendere to any crime constituting a felony or any misdemeanor involving fraud, dishonesty,
or moral turpitude (excluding acts involving a de minimis dollar value and not related to the Plan Sponsor); (iv) the Participant's
breach, neglect, refusal, or failure to materially discharge the Participant's duties (other than due to physical or mental illness)
commensurate with the Participant's title and function or the Participant's failure to comply with the lawful directions of a senior
managing officer of the Plan Sponsor in any such case that is not cured within fifteen (15) days after the Participant has received
written notice thereof from such senior managing officer; or (v) any willful misconduct by the Participant which may cause substantial
economic or reputation injury to the Plan Sponsor, including, but not limited to, sexual harassment.

 

1.6           "Change
in Control" shall mean the occurrence of a Change in Control event, within the meaning of Treasury Regulations §1.409A-3(i)(5)
and described in any of subparagraph (a), (b), or (c), (collectively referred to as "Change in Control Events"), or any
combination of the Change in Control Events. To constitute a Change in Control Event with respect to the Participant or Beneficiary,
the Change in Control Event must relate to: (i) the corporation for whom the Participant is performing services at the time of
the Change in Control Event; (ii) the corporation that is liable for the payment of the deferred compensation (or all corporations
liable for the payment if more than one corporation is liable); or (iii) a corporation that is a majority shareholder of a corporation
identified in clause (i) or (ii), or any corporation in a chain of corporations in which each corporation is a majority shareholder
of another corporation in the chain, ending in a corporation identified in clause (i) or (ii).

 

(a)          Change
in Ownership. A Change in Ownership occurs if a person, or a group of persons acting together, acquires more than fifty
percent (50%) of the stock of the corporation, measured by voting power or value. Incremental increases in ownership by a person
or group that already owns fifty percent (50%) of the corporation do not result in a Change of Ownership, as defined in Treasury
Regulations §1.409A-3(i)(5)(v).

 

(b)          Change
in Effective Control. A Change in Effective Control occurs if, over a twelve (12) month period: (i) a person or group acquires
stock representing thirty percent (30%) of the voting power of the corporation; or (ii) a majority of the members of the board
of directors of the ultimate parent corporation is replaced by directors not endorsed by the persons who were members of the board
before the new directors' appointment, as defined in Treasury Regulations §1.409A-3(i)(5)(vi).

 

    	 	 	Page 2 of 17

     

    

 

(c)          Change
in Ownership of a Substantial Portion of Corporate Assets. A Change in Control based on the sale of assets occurs if a
person or group acquires Forty percent (40%) or more of the gross fair market value of the assets of a corporation over a twelve
(12) month period. No change in control results pursuant to this Article (c) if the assets are transferred to certain entities
controlled directly or indirectly by the shareholders of the transferring corporation, as defined in Treasury Regulations §1.409A-3(i)(5)(vii).

 

1.7           "Claimant"
shall mean a person who believes that he or she is being denied a benefit to which he or she is entitled hereunder.

 

1.8           "Code"
shall mean the Internal Revenue Code of 1986, as amended.

 

1.9           "Disability"
shall mean a condition of the Participant whereby he or she either: (i) is 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 (ii) is, 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 Plan Sponsor. The Administrator will determine whether the Participant has incurred a Disability based on its own good faith
determination and may require the Participant to submit to reasonable physical and mental examinations for this purpose. The Participant
will also be deemed to have incurred a Disability if determined to be totally disabled by the Social Security Administration, Railroad
Retirement Board, or in accordance with a disability insurance program, provided that the definition of disability applied under
such disability insurance program complies with the requirements of Treasury Regulation §1.409A-3(i)(4) and authoritative
guidance.

 

1.10         "Effective Date" shall mean the
date specified on the first page of this Plan.

 

1.11         "Eligible
Employee" shall mean for any Plan Year (or applicable portion of a Plan Year), an Employee who is determined by the Plan
Sponsor, or its designee, to be a Participant under the Plan. If the Plan Sponsor determines that an Employee first becomes an
Eligible Employee during a Plan Year, the Plan Sponsor shall notify the individual in writing of its determination and of the date
during the Plan Year on which the individual shall first become a Plan Participant.

 

1.12         "Employee" shall mean
a person providing services to the Plan Sponsor in the capacity of a common law Employee of the Plan Sponsor.

 

1.13         "ERISA" shall mean the
Employee Retirement Income Security Act of 1974, as it may be amended from time to time.

 

1.14         "Normal Retirement Age" shall mean
the date the Participant attains age 65.

 

1.15         "Normal Retirement
Benefit" shall mean an annual benefit payment in the amount of Forty One Thousand Five Hundred and Twenty Five dollars
($41,525) for a period of Fifteen (15) years.

 

1.16         "Participant"
shall mean any Eligible Employee: (i) who is selected to participate in this Plan, or, (ii) a former Eligible Employee who
continues to be entitled to a benefit under this Plan.

 

1.17         "Plan"
shall mean this Supplemental Executive Retirement Plan Agreement, all Election Forms, the Trust, (if any), and any other written
documents relevant to the Plan. For purposes of applying Code § 409A requirements, this Plan is a non-account balance plan
under Treasury Regulation §1.409-1(c)(2)(i)(A).

 

    	 	 	Page 3 of 17

     

    

 

1.18         "Plan Administrator"
or "Administrator" shall be a committee designated by the Plan Sponsor. If a Participant is part of a group of persons
designated as a committee or Plan Administrator, then the Participant may not participate in any activity or decision relating
solely to his or her individual benefits under this Plan. Matters solely affecting the applicable Participant will be resolved
by the remaining committee members.

 

1. 19       "Plan Sponsor"
shall mean the person or entity: (i) receiving the services of the Participant; and (ii) all persons with whom such person
or entity would be considered a single employer under the parent-subsidiary rules of Code §414(b) or §414(c).

 

1.20         "Plan Year"
shall mean, for the first Plan Year, the period beginning on the Effective Date of the Plan and ending December 31 of such
calendar year, and thereafter, a twelve (12) month period beginning January 1 of each calendar year and continuing through December
31 of such calendar year.

 

1.21       "Section 409A" shall
mean Section 409A of the Code and the Treasury Regulations and other Applicable Guidance issued under that Section.

 

1.22         "Separation
from Service" shall mean the occurrence of a Participant's death, retirement, or "other termination of employment"
(as defined in Treasury Regulations §1.409A1(h)(1)(ii)) with the Plan Sponsor (as defined in Treasury Regulations §1.409A-1(h)(3)).
However, a Separation from Service shall not occur if the Participant is on military leave, sick leave, or other bona fide leave
of absence if the period of such leave does not exceed six months, or if longer, so long as the Participant retains a right to
reemployment with the Plan Sponsor under an applicable statute or by contract.

 

1.23         "Specified
Employee" shall mean that the Participant also satisfies the definition of a "key employee" as such term is
defined in Code §416(i) (without regard to Section 416(i)(5)). However, the Participant is not a Specified Employee unless
any stock of the Plan Sponsor is publicly traded on an established securities market or otherwise, as defined in Code §1.897-1(m).
If the Participant is a key employee at any time during the twelve (12) months ending on the identification date (see below), the
Participant is a Specified Employee for the twelve (12) month period commencing on the first day of the fourth month following
the identification date. For purposes of this Article, the identification date is December 31. The determination of the Participant
as a Specified Employee shall be made by the Administrator in accordance with IRC Section 416(i), the "specified employee"
requirements of Section 409A, and Treasury Regulations.

 

1.24         "Taxable Year" shall mean
the twelve (12) consecutive month period ending each December 31.

 

1.25         "Treasury
Regulations" shall mean regulations promulgated by the Internal Revenue Service for the U.S. Department of the Treasury,
as they may be amended from time to time.

 

1.26         "Trust" shall mean one
or more trusts that may be established in accordance with the terms of this Plan.

 

ARTICLE 2 

Selection, Enrollment, Eligibility

 

2.1           Selection
by Plan Sponsor. Participation in the Plan shall be limited to a select group of management or highly compensated employees
of the Plan Sponsor, as determined by the Plan Sponsor in its sole and absolute discretion. The initial group of Eligible Employees
shall become Participants on the Effective Date. Any Eligible Employee selected as a Plan Participant after the Effective Date,
shall become a Participant on a date determined by the Plan Sponsor.

 

    	 	 	Page 4 of 17

     

    

 

2.2           Re-Employment.
If a Participant who incurs a Separation from Service is subsequently re-employed, he or she may, at the sole and absolute
discretion of the Plan Administrator, become a Participant in accordance with the provisions of the Plan.

 

2.3           Enrollment
Requirements. As a condition of participation, each selected Employee shall complete, execute, and return to the Plan Administrator
all form(s) required by the Plan Administrator and within the time specified by the Plan Administrator. In addition, the Plan Administrator
shall establish such other enrollment requirements as it determines necessary or advisable.

 

2.4           Eligibility; Commencement
of Participation. Provided that an Employee selected to participate in the Plan has met all enrollment requirements set forth
in the Plan and required by the Plan Administrator, the Employee shall commence participation in the Plan on the date the Plan
is executed by the Plan Sponsor.

 

2.5           Termination
of Participation. If the Plan Administrator determines in good faith that a Participant no longer qualifies as a member of
a select group of management or highly compensated employees, as membership in such group is determined in accordance with Section
201(2), 301(a)(3) and 401(a)(1) of ERISA, the Plan Administrator shall cease further benefit accruals hereunder.

 

ARTICLE 3 

BENEFITS

 

3.1           Normal
Retirement Benefit. If the Participant remains in the service of the Plan Sponsor until reaching his Normal Retirement Age,
the Participant shall be entitled to his Normal Retirement Benefit. The annual installments shall commence to be paid on the on
the first day of the second month following the Participant's Separation from Service. Notwithstanding the foregoing, in the event
that the Participant is determined by the Plan Administrator to be a Specified Employee, the first benefit payment shall be paid
on the first day of the seventh month following Separation from Service.

 

3.2           Death Prior to Commencement
of Benefit Payments. In the event the Participant should die while actively employed by the Plan Sponsor at any time after
the date of this Plan but prior to his Normal Retirement Age, the Plan Sponsor will pay the Accrued Benefit in fifteen (15) equal
annual installments to the Participant's Beneficiary. The payments shall commence to be paid on the first day of the second month
following the month in which the Participant dies.

 

3.3           Death Subsequent
to Commencement of Benefit Payments. In the event the Participant dies while receiving payments, but prior to receiving the
fifteen (15) annual installment payments due and owing hereunder, the unpaid balance of the payments shall continue to be paid
to the Participant's Beneficiary for the balance of the fifteen (15) annual installments.

 

3.4           Disability
Benefit. In the event the Participant becomes Disabled prior to the date the Participant dies or experiences a Separation from
Service, and prior to the date of a Change in Control, the Participant shall be entitled to receive his Accrued Benefit, calculated
as of the date of determination of Disability. Such benefit shall commence to be paid on the first day of the month following the
the Participants sixty-fifth (65th) birthday or death (whichever occurs first), and shall be paid in fifteen (15) equal annual
installments.

 

    	 	 	Page 5 of 17

     

    

 

3.5           Separation
from Service Benefit. If the Participant experiences a Separation from Service prior to Normal Retirement Age, death, Disability,
or as described in the second paragraph of Section 3.6, then the Participant shall be entitled to a benefit equal to the Accrued
Benefit, calculated as of the date of Separation from Service. Such benefit shall commence to be paid on the first day of the second
month following the month in which the Participant achieves Normal Retirement Age or dies (whichever occurs first), and shall be
paid in fifteen (15) equal annual installments. Notwithstanding the foregoing, in the event that the Participant is determined
by the Plan Administrator to be a Specified Employee, the first benefit payment shall be paid on the later of (i) the first day
of the second month following the month in which the Participant achieves Normal Retirement Age or (ii) the first day of the seventh
month following Separation from Service (except in the case of a Separation from Service due to death).

 

3.6           Change
in Control Benefit. In the event there is a Change in Control prior to the Participant's Normal Retirement Age, and prior to
the date the Participant dies, becomes Disabled or experiences a Separation from Service, the Participant shall become 100% vested
in his Normal Retirement Benefit. Subject to the paragraph below, the Participant's Normal Retirement Benefit shall commence to
be paid on the first day of the second month following the month in which the Participant attains Normal Retirement Age or dies,
whichever is first to occur.

 

Notwithstanding the preceding,
if the Participant experiences a Separation from Service within 24 months following the Change in Control, the following provisions
apply. The Participant's Normal Retirement Benefit shall commence to be paid on the first day of the second month following the
Participant's Separation from Service (or, if the Participant is a Specified Employee, on the first day of the seventh month following
the Participant's Separation from Service). In lieu of receiving the Normal Retirement Benefit in fifteen (15) annual installments,
the Participant may elect to receive the Normal Retirement Benefit pursuant to this Section 3.6 in the form of (i) a lump sum,
(ii) equal annual installments over two (2) years, or (iii) equal annual installments over five (5) years. Any election by the
Participant pursuant to this Section 3.6 must be submitted to the Plan Sponsor by the Effective Date, or within thirty (30) days
thereafter.

 

3.7           Termination
for Cause. Notwithstanding anything in this Plan to the contrary, if the Plan Sponsor terminates the Participant's employment
for "Cause", then the Participant shall not be entitled to any benefits under the terms of this Plan.

 

3.8           Prohibition
on Acceleration of Payments. Notwithstanding anything in this Plan to the contrary, neither the Plan Sponsor nor a Participant
may accelerate the time or schedule of any payment or amount scheduled to be paid under this Plan, except that the Plan Sponsor,
in its discretion, may accelerate payments as permitted by Treasury Regulations §1.409A-3(j)(4). The Plan Sponsor shall deny
any change made to an election if the Plan Sponsor determines that the change violates the requirements of authoritative guidance.

 

3.9           Subsequent Changes
in the Time or Form of Payment. If permitted by the Plan Sponsor, a Participant may elect to change the time or form of payments
(collectively, "payment elections"), provided the following conditions are met:

 

(i)          Such
change will not take effect until at least twelve (12) months after the date on which the new payment election is made and
approved by the Plan Administrator;

 

(ii)         If
the change of payment election relates to a payment based on Separation from Service, or if the payment is at a specified
time or pursuant to a fixed schedule, the change of payment election must result in payment being deferred for a period of
not less than five (5) years from the date such payment would otherwise have been paid (or in the case of a life annuity or
installment payments, which are treated as a single payment, five (5) years from the date the first amount was scheduled to
be paid);

 

(iii)        If
the change of payment election relates to a payment at a specified time or pursuant to a fixed schedule, the Participant or Plan
Sponsor must make the change of payment election not less than twelve (12) months before the date the payment is scheduled to be
paid (or in the case of a life annuity or installment payments, which are treated as a single payment, twelve (12) months before
the date the first amount was scheduled to be paid).

 

    	 	 	Page 6 of 17

     

    

 

Notwithstanding the preceding,
to the extent permitted under Section 409A and by the Plan Sponsor, the Participant may elect the timing and manner of distributions
during 2008 (except that a Participant cannot in 2008 change payment elections with respect to payments that the Participant would
otherwise receive in 2008, or make an election that causes payments scheduled for subsequent years to be made in 2008), and such
election shall not be treated as a change in the form and timing of payment or an acceleration of payment under Section 409A.

 

3.10        Delay in Payment by Plan Sponsor.

 

(a)          A
payment may be delayed to a date after the designated payment date under any of the circumstances described below, and the provision
will not fail to meet the requirements of establishing a permissible payment event. The delay in the payment will not constitute
a subsequent deferral election, so long as the Plan Sponsor treats all payments to similarly situated Participants on a reasonably
consistent basis.

 

(i)          Payments
subject to Section 162(m). A payment may be delayed to the extent that the Plan Sponsor reasonably anticipates that if the
payment were made as scheduled, the Plan Sponsor's deduction with respect to such payment would not be permitted due to the application
of Code §162(m). If a payment is delayed, such payment must be made either:

 

(1)         during
the Participant's first Taxable Year in which the Plan Sponsor reasonably anticipates, or should reasonably anticipate, that if
the payment is made during such year, the deduction of such payment will not be barred by application of Code §162(m) or,

 

(2)         during
the period beginning with the date of the Participant's Separation from Service and ending on the later of the last day of the
Taxable Year of the Plan Sponsor in which the Participant separates from service or the 15th day of the third month following the
Participant's Separation from Service. Where any scheduled payment to a specific Participant in the Plan Sponsor's Taxable Year
is delayed in accordance with this Article, the delay in payment will be treated as a subsequent deferral election unless all scheduled
payments to the Participant that could be delayed in accordance with this Article are also delayed. Where the payment is delayed
to a date on or after the Participant's Separation from Service, the payment will be considered a payment upon a Separation from
Service for purposes of the rules under Treasury Regulations §1.409A-3(i)(2) (payments to specified employees upon a separation
from service) and, the 6 month delay rule will apply for Specified Employees.

 

(ii)         Payments
that would violate Federal securities laws or other applicable law. A payment may be delayed where the Plan Sponsor reasonably
anticipates that the making of the payment will violate Federal securities laws or other applicable law provided that the payment
is made at the earliest date at which the Plan Sponsor reasonably anticipates that the making of the payment will not cause such
violation. The making of a payment that would cause inclusion in gross income or the application of any penalty provision or other
provision of the Internal Revenue Code is not treated as a violation of applicable law.

 

(iii)        Other
events and conditions. The Plan Sponsor may delay a payment upon such other events and conditions as the Commissioner of the
IRS may prescribe.

 

    	 	 	Page 7 of 17

     

    

 

(iv)        Not withstanding
the above, a payment may be delayed where the payment would jeopardize the ability of the Plan Sponsor to continue as a going concern.

 

(b)          Treatment
of Payment as Made on Designated Payment Date. Each payment under this Plan is deemed made on the required payment date even
if the payment is made after such date, provided the payment is made by the latest of: (i) the end of the calendar year in which
the payment is due; (ii) the 15th day of the third calendar month following the payment due date; (iii) in case the Plan Sponsor
cannot calculate the payment amount on account of administrative impracticality which is beyond the Participant's control (or the
control of the Participant's estate), in the first calendar year in which payment is practicable; (iv) in case the Plan Sponsor
does not have sufficient funds to make the payment without jeopardizing the Plan Sponsor's solvency, in the first calendar year
in which the Plan Sponsor's funds are sufficient to make the payment.

 

3.11         Unsecured General Creditor Status of Participant:

 

(a)          Payment
to the Participant or any Beneficiary hereunder shall be made from assets which shall continue, for all purposes, to be part of
the general, unrestricted assets of the Plan Sponsor and no person shall have any interest in any such asset by virtue of any provision
of this Plan. The Plan Sponsor's obligation hereunder shall be an unfunded and unsecured promise to pay money in the future. To
the extent that any person acquires a right to receive payments from the Plan Sponsor under the provisions hereof, such right shall
be no greater than the right of any unsecured general creditor of the Plan Sponsor and no such person shall have or acquire any
legal or equitable right, interest, or claim in or to any property or assets of the Plan Sponsor.

 

(b)          In
the event that the Plan Sponsor purchases an insurance policy or policies insuring the life of a Participant or employee, to allow
the Plan Sponsor to recover or meet the cost of providing benefits, in whole or in part, hereunder, no Participant or Beneficiary
shall have any rights whatsoever in said policy or the proceeds therefrom. The Plan Sponsor or the Trustee of the Trust (if any)
shall be the primary owner and beneficiary of any such insurance policy or property and shall possess and may exercise all incidents
of ownership therein. No insurance policy with regard to any director, "highly compensated employee", or "highly
compensated individual" as defined in IRS Section 101(j) shall be acquired before satisfying the Section 101(j) "Notice
and Consent" requirements.

 

(c)          In
the event that the Plan Sponsor purchases an insurance policy or policies on the life of a Participant as provided for above, then
all of such policies shall be subject to the claims of the creditors of the Plan Sponsor.

 

(d)          If
the Plan Sponsor chooses to obtain insurance on the life of a Participant in connection with its obligations under this Plan, the
Participant hereby agrees to take such physical examinations and to truthfully and completely supply such information as may be
required by the Plan Sponsor or the insurance company designated by the Plan Sponsor.

 

3.12         Facility of Payment.
If a distribution is to be made to a minor, or to a person who is otherwise incompetent, then the Plan Administrator may make
such distribution: (i) to the legal guardian, or if none, to a parent of a minor payee with whom the payee maintains his or her
residence; or (ii) to the conservator or administrator or, if none, to the person having custody of an incompetent payee. Any such
distribution shall fully discharge the Plan Sponsor and the Plan Administrator from further liability on account thereof.

 

    	 	 	Page 8 of 17

     

    

 

3.13         Excise Tax Limitation. In the event
that any payment or benefit (within the meaning of Code §280G(b)(2) of the Code) to the Participant or for the Participant's
benefit paid or payable or distributed or distributable (including, but not limited to, the acceleration of the time for the vesting
or payment of such benefit or payment) pursuant to the terms of this Plan or otherwise in connection with, or arising out of, the
Participant's employment with the Plan Sponsor or any of its Affiliates or a Change in Control within the meaning of Code §280G
of the Code (a "Payment" or "Payments"), would be subject to the excise tax imposed by Code §4999 of the
Code (the "Excise Tax"), then the Payments shall be increased in an amount necessary to provide for the payment of the
excise tax imposed by Code § 4999 (the "Section 4999 Limit"). Any payment made to the Participant under this Section
3.13 shall be made no later than the end of the calendar year following the calendar year in which the Participant remits the related
taxes.

 

ARTICLE 4 

Vesting and Taxes

 

4.1           Vesting.
The Participant shall be vested at all times in his Accrued Benefit. Upon attainment of Normal Retirement Age, the Participant
shall be One Hundred (100%) percent vested in his Normal Retirement Benefit.

 

4.2           Acceleration
of Vesting. If, prior to the Participant's Normal Retirement Age, and prior to the date the Participant dies, becomes Disabled
or experiences a Separation from Service, there is a Change in Control of the Plan Sponsor, then the Participant shall be One Hundred
(100%) percent vested in his Normal Retirement Benefit.

 

4.3           FICA, Withholding and Other Taxes:

 

(a)          When
a Participant becomes vested in a portion of his Normal Retirement Benefit, the Plan Sponsor shall withhold from the Participant's
cash compensation in a manner determined in the sole discretion of the Plan Sponsor, the Participant's share of FICA and other
employment taxes on such vested Normal Retirement Benefit.

 

(b)          Distributions.
The Plan Sponsor, or trustee of the Trust, shall withhold from any payments made to a Participant or Beneficiary under this Plan
all federal, state and local income, employment and other taxes required to be withheld by the Plan Sponsor in a manner determined
in the sole discretion of the Plan Sponsor or the trustee of the Trust in compliance with applicable tax withholding requirements.

 

ARTICLE 5 

BENEFICIARY DESIGNATION

 

5.1           Designation
of Beneficiaries.

 

(a)          The
Participant may designate any person or persons (who may be named contingently or successively) to receive any benefits payable
under the Plan upon the Participant's death, and the designation may be changed from time to time by the Participant by filing
a new designation. Each designation will revoke all prior designations by the Participant and shall be in the form prescribed by
the Administrator, and shall be effective only when filed in writing with the Administrator during the Participant's lifetime.

 

(b)          In
the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a Beneficiary, there is no living
Beneficiary validly named by the Participant, the Plan Sponsor shall pay the benefit payment to the Participant's spouse, if then
living, and if the spouse is not then living to the Participant's then living descendants, if any, per stirpes, and if there are
no living descendants, to the Participant's estate. In determining the existence or identity of anyone entitled to a benefit payment,
the Plan Sponsor may rely conclusively upon information supplied by the Participant's personal representative, executor, or administrator.

 

    	 	 	Page 9 of 17

     

    

 

(c)          If
a question arises as to the existence or identity of anyone entitled to receive a death benefit payment under the Plan, or if
a dispute arises with respect to any death benefit payment under the Plan, the Plan Sponsor may distribute the payment to the
Participant's estate without liability for any tax or other consequences, or may take any other action which the Plan Sponsor
deems to be appropriate.

 

5.2           Information
to be Furnished by Participants and Beneficiaries; Inability to Locate Participants or Beneficiaries. Any communication, statement,
or notice addressed to the Participant or to a Beneficiary at his or her last post office address as shown on the Plan Sponsor's
records shall be binding on the Participant or Beneficiary for all purposes of this Plan. The Plan Sponsor shall not be obligated
to search for any Participant or Beneficiary beyond the sending of a registered letter to the last known address.

 

ARTICLE 6 

ADMINISTRATION

 

6.1           Administrator
Duties. The Administrator shall be responsible for the management, operation, and administration of the Plan. The Administrator
shall act at meetings by affirmative vote of a majority of its members. Any action permitted to be taken at a meeting may be taken
without a meeting if, prior to such action, a unanimous written consent to the action is signed by all members and such written
consent is filed with the minutes of the proceedings of the Administrator, provided, however that no member may vote or act upon
any matter which relates solely to the Participant. The chair, or any other member or members of the Administrator designated by
the chair, may execute any certificate or other written direction on behalf of the Administrator. When making a determination or
calculation, the Administrator shall be entitled to rely on information furnished by the Participant or the Plan Sponsor. No provision
of this Plan shall be construed as imposing on the Administrator any fiduciary duty under ERISA or other law, or any duty similar
to any fiduciary duty under ERISA or other law.

 

6.2           Administrator
Authority. The Administrator shall enforce this Plan in accordance with its terms, shall be charged with the general administration
of this Plan, and shall have all powers necessary to accomplish its purposes, including, but not by way of limitation, the following:

 

(a)          To
construe and interpret the terms and provisions of this Plan;

 

(b)          To
compute and certify the amount and kind of benefits payable to the Participant and their Beneficiaries; to determine the time and
manner in which such benefits are paid; and to determine the amount of any withholding taxes to be deducted;

 

(c)          To
maintain all records that may be necessary for the administration of this Plan;

 

(d)          To
provide for the disclosure of all information and the filing or provision of all reports and statements to the Participant, Beneficiaries,
and governmental agencies as shall be required by law;

 

(e)          To
make and publish such rules for the regulation of this Plan and procedures for the administration of this Plan as are not inconsistent
with the terms hereof;

 

(f)          To
administer this Plan's claims procedures;

 

(g)          To
approve election forms and procedures for use under this Plan; and

 

    	 	 	Page 10 of 17

     

    

 

(h)          To
appoint a plan record keeper or any other agent, and to delegate to them such powers and duties in connection with the administration
of this Plan as the Administrator may from time to time prescribe.

 

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

 

6.4           Compensation, Expenses,
and Indemnity. The Administrator shall serve without compensation for services rendered hereunder. The Administrator is authorized
at the expense of the Plan Sponsor to employ such legal counsel and/or Plan record keeper as it may deem advisable to assist in
the performance of its duties hereunder. Expense and fees in connection with the administration of this Plan shall be paid by the
Plan Sponsor.

 

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

 

6.6           Periodic
Statements. Under procedures established by the Administrator, Participant shall be provided a statement of his Accrued Benefit
on an annual basis.

 

ARTICLE 7 

CLAIMS PROCEDURE

 

7.1           Claims
Procedures. This Section 7.1 is based on final regulations issued by the Department of Labor and published in the Federal Register
on November 21, 2000 and codified at section 2560.503 1 of the Department of Labor Regulations. If any provision of this Section
8.4 conflicts with the requirements of those regulations, the requirements of those regulations will prevail.

 

(a)          Initial
Claim. A Participant or Beneficiary who believes he or she is entitled to any Benefit (a "Claimant") under this Plan
may file a claim with the Administrator. The Administrator will review the claim itself or appoint another individual or entity
to review the claim.

 

(i)          Benefit
Claims that do not Require a Determination of Disability. If the claim is for a benefit other than a disability benefit, the
Claimant will be notified within ninety (90) days after the claim is filed whether the claim is allowed or denied, unless the Claimant
receives written notice from the Administrator or appointee of the Administrator before the end of the ninety (90) day period stating
that special circumstances require an extension of the time for decision, such extension not to extend beyond the day which is
one hundred eighty (180) days after the day the claim is filed.

 

(ii)         Disability
Benefit Claims. In the case of a benefits claim that requires a determination by the Plan Administrator of a Participant's
disability status, the Plan Administrator will notify the Claimant of the Plan's adverse benefit determination within a reasonable
period of time, but not later than forty-five (45) days after receipt of the claim. If, due to matters beyond the control of the
Plan, the Plan Administrator needs additional time to process a claim, the Claimant will be notified, within forty-five (45) days
after the Plan Administrator receives the claim, of those circumstances and of when the Plan Administrator expects to make its
decision but not beyond seventy-five (75) days. If, prior to the end of the extension period, due to matters beyond the control
of the Plan, a decision cannot be rendered within that extension period, the period for making the determination may be extended
for up to one hundred five (105) days, provided that the Plan Administrator notifies the Claimant of the circumstances requiring
the extension and the date as of which the Plan expects to render a decision. The extension notice will specifically explain the
standards on which entitlement to a disability benefit is based, the unresolved issues that prevent a decision on the claim and
the additional information needed from the Claimant to resolve those issues, and the Claimant will be afforded at least forty-five
(45) days within which to provide the specified information.

 

    	 	 	Page 11 of 17

     

    

 

(iii)        Manner
and Content of Denial of Initial Claims. If the Plan Administrator denies a claim, it must provide to the Claimant, in writing
or by electronic communication:

 

(A)         The
specific reasons for the denial;

 

(B)         A
reference to the Plan provision or insurance contract provision upon which the denial is based;

 

(C)         A
description of any additional information or material that the Claimant must provide in order to perfect the claim;

 

(D)         An
explanation of why such additional material or information is necessary;

 

(E)         Notice
that the Claimant has a right to request a review of the claim denial and information on the steps to be taken if the Claimant
wishes to request a review of the claim denial; and

 

(F)         A
statement of the participant's right to bring a civil action under ERISA section 502(a) following a denial on review of the initial
denial.

 

In addition, in the case
of a denial of disability benefits on the basis of the Plan Administrator's independent determination of the Participant's disability
status, the Plan Administrator will provide a copy of any rule, guideline, protocol, or other similar criterion relied upon in
making the adverse determination (or a statement that the same will be provided upon request by the Claimant and without charge).

 

(b)          Review
Procedures.

 

(i)          Benefit
Claims that do not Require a Determination of Disability. Except for claims requiring an independent determination
of a Participant's disability status, a request for review of a denied claim must be made in writing to the Plan Administrator
within sixty (60) days after receiving notice of denial. The decision upon review will be made within sixty (60) days after the
Plan Administrator's receipt of a request for review, unless special circumstances require an extension of time for processing,
in which case a decision will be rendered not later than one hundred twenty (120) days after receipt of a request for review.
A notice of such an extension must be provided to the Claimant within the initial sixty (60) day period and must explain the special
circumstances and provide an expected date of decision.

 

The reviewer will afford
the Claimant an opportunity to review and receive, without charge, all relevant documents, information and records and to submit
issues and comments in writing to the Plan Administrator. The reviewer will take into account all comments, documents, records
and other information submitted by the Claimant relating to the claim regardless of whether the information was submitted or considered
in the initial benefit determination.

 

(ii)         Disability
Benefit Claims. In addition to having the right to review documents and submit comments as described in (i) above, a Claimant
whose claim for disability benefits requires an independent determination by the Plan Administrator of the Participant's disability
status has at least one hundred eighty (180) days following receipt of a notification of an adverse benefit determination within
which to request a review of the initial determination. In such cases, the review will meet the following requirements:

 

    	 	 	Page 12 of 17

     

    

 

(A)         The
Plan will provide a review that does not afford deference to the initial adverse benefit determination and that is conducted by
an appropriate named fiduciary of the Plan who did not make the initial determination that is the subject of the appeal, nor is
a subordinate of the individual who made the determination.

 

(B)         The
appropriate named fiduciary of the Plan will consult with a health care professional who has appropriate training and experience
in the field of medicine involved in the medical judgment before making a decision on review of any adverse initial determination
based in whole or in part on a medical judgment. The professional engaged for purposes of a consultation in the preceding sentence
will not be an individual who was consulted in connection with the initial determination that is the subject of the appeal or the
subordinate of any such individual.

 

(C)         The
Plan will identify to the Claimant the medical or vocational experts whose advice was obtained on behalf of the Plan in connection
with the review, without regard to whether the advice was relied upon in making the benefit review determination.

 

(D)         The
decision on review will be made within forty-five (45) days after the Plan Administrator's receipt of a request for review, unless
special circumstances require an extension of time for processing, in which case a decision will be rendered not later than ninety
(90) days after receipt of a request for review. A notice of such an extension must be provided to the Claimant within the initial
forty-five (45) day period and must explain the special circumstances and provide an expected date of decision.

 

(iii)        Manner
and Content of Notice of Decision on Review. Upon completion of its review of an adverse initial claim determination, the Plan
Administrator will give the Claimant, in writing or by electronic notification, a notice containing:

 

(A)         its
decision;

 

(B)         the
specific reasons for the decision;

 

(C)         the
relevant Plan provisions or insurance contract provisions on which its decision is based;

 

(D)         a
statement that the Claimant is entitled to receive, upon request and without charge, reasonable access to, and copies of, all documents,
records and other information in the Plan's files which is relevant to the Claimant's claim for benefits;

 

(E)         a
statement describing the Claimant's right to bring an action for judicial review under ERISA section 502(a); and

 

(F)         if
an internal rule, guideline, protocol or other similar criterion was relied upon in making the adverse determination on review,
a statement that a copy of the rule, guideline, protocol or other similar criterion will be provided without charge to the Claimant
upon request.

 

(c)          Calculation
of Time Periods. For purposes of the time periods specified in this Section, the period of time during which a benefit determination
is required to be made begins at the time a claim is filed in accordance with the Plan procedures without regard to whether all
the information necessary to make a decision accompanies the claim. If a period of time is extended due to a Claimant's failure
to submit all information necessary, the period for making the determination shall be tolled from the date the notification is
sent to the Claimant until the date the Claimant responds.

 

(d)          Failure
of Plan to Follow Procedures. If the Plan fails to follow the claims procedures required by this Section 7.1, a Claimant shall
be deemed to have exhausted the administrative remedies available under the Plan and shall be entitled to pursue any available
remedy under ERISA section 502(a) on the basis that the Plan has failed to provide a reasonable claims procedure that would yield
a decision on the merits of the claim.

 

    	 	 	Page 13 of 17

     

    

 

(e)          Failure
of Claimant to Follow Procedures. A Claimant's compliance with the foregoing provisions of this Section 7.1 is a mandatory
prerequisite to the Claimant's right to commence any legal action with respect to any claim for benefits under the Plan.

 

7.2           Arbitration
of Claims. All claims or controversies arising out of or in connection with this Plan shall, subject to the initial review
provided for in the foregoing provisions of this Article, be resolved through arbitration. Except as otherwise mutually agreed
to by the parties, any arbitration shall be administered under and by the Judicial Arbitration & Mediation Services, Inc. ("JAMS"),
in accordance with the JAMS procedures then in effect. The arbitration shall be held in the JAMS office nearest to where the Claimant
is or was last employed by the Plan Sponsor or at a mutually agreeable location.

 

ARTICLE 8 

AMENDMENT AND TERMINATION

 

8.1           Amendment. The
Plan Sponsor reserves the right to amend this Plan at any time to comply with Section 409A and other Applicable Guidance or for
any other purpose, provided that such amendment will not cause the Plan to violate the provisions of Section 409A. Except to the
extent necessary to bring this Plan into compliance with Section 409A, no amendment or modification shall be effective to decrease
the value or vested percentage of a Participant's Accrued Benefit in existence at the time an amendment or modification is made
to the Plan.

 

8.2           Plan
Termination. The Plan Sponsor reserves the right to terminate this Plan in accordance with one of the following, subject to
the restrictions imposed by Section 409A and authoritative guidance:

 

(a)          Corporate
Dissolution or Bankruptcy. This Plan may be terminated within twelve (12) months of a corporate dissolution taxed under Code
§ 331, or with the approval of a Plan Sponsor bankruptcy court pursuant to 11 U.S.C. Section 503(b)(1)(A), and distributions
may then be made to the Participant provided that the amounts payable under this Plan are included in the Participants' gross income
in the latest of:

 

(i)          The
calendar year in which the Plan termination occurs;

 

(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 payment is administratively practicable.

 

(b)          Change
in Control. This Plan may be terminated within the thirty (30) days preceding or the twelve (12) months following a Change
in Control. This Plan will then be treated as terminated only if all substantially similar arrangements sponsored by the Plan Sponsor
are terminated so that all participants in all similar arrangements are required to receive all amounts of compensation deferred
under the terminated arrangements within twelve (12) months of the date of termination of the arrangements.

 

(c)          Discretionary
Termination. The Plan Sponsor may also terminate this

Plan and make distributions provided that:

 

    	 	 	Page 14 of 17

     

    

 

(i)          All
plans sponsored by the Plan Sponsor that would be aggregated with any terminated arrangements under Treasury Regulations §1.409A-1(c)
are terminated;

 

(ii)         No
payments, other than payments that would be payable under the terms of this plan if the termination had not occurred, are made
within twelve (12) months of this plan termination;

 

(iii)        All
payments are made within twenty-four (24) months of this plan termination; and

 

(iv)        Neither
the Plan Sponsor nor any of its affiliates adopts a new plan that would be aggregated with any terminated plan if the same Participant
participated in both arrangements at any time within three (3) years following the date of termination of this Plan.

 

(v)         The
termination does not occur proximate to a downturn in the financial health of the Plan Sponsor.

 

ARTICLE 9 

THE TRUST

 

9.1           Establishment
of Trust. The Plan Sponsor may establish a grantor trust (the "Trust"), of which the Plan Sponsor is the grantor,
within the meaning of subpart E, part I, subchapter J, subtitle A of the Code, to pay benefits under this Plan. If the Plan Sponsor
establishes a Trust, all benefits payable under this Plan to a Participant shall be paid directly by the Plan Sponsor from the
Trust. To the extent such benefits are not paid from the Trust, the benefits shall be paid from the general assets of the Plan
Sponsor. The Trust, (if any), shall be a grantor trust which conforms to the terms of the model trust as described in IRS Revenue
Procedure 92-64, I.R.B. 1992-33, as same may be amended or modified from time to time. If the Plan Sponsor establishes a Trust,
the assets of the Trust will be subject to the claims of the Plan Sponsor's creditors in the event of its insolvency. Except as
may otherwise be provided under the Trust, the Plan Sponsor shall not be obligated to set aside, earmark, or escrow any funds or
other assets to satisfy its obligations under this Plan, and the Participant and/or his or her designated Beneficiaries shall not
have any property interest in any specific assets of the Plan Sponsor other than the unsecured right to receive payments from the
Plan Sponsor, as provided in this Plan.

 

9.2           Interrelationship
of the Plan and the Trust. The provisions of this Plan shall govern the rights of a Participant to receive distributions pursuant
to this Plan. The provisions of the Trust (if established) shall govern the rights of the Participant and the creditors of the
Plan Sponsor to the assets transferred to the Trust. The Plan Sponsor and each Participant shall at all times remain liable to
carry out its obligations under this Plan. The Plan Sponsor's obligations under this Plan may be satisfied with Trust assets distributed
pursuant to the terms of the Trust.

 

9.3           Contribution
to the Trust. Amounts may be contributed by the Plan Sponsor to the Trust at the sole discretion of the Plan Sponsor.

 

ARTICLE 10 

MISCELLANEOUS

 

10.1         Validity. In
case any provision of this Plan shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the
remaining parts hereof, but this Plan shall be construed and enforced as if such illegal or invalid provision had never been inserted
herein; except to the extent that Section 409A requires that this Section 10.1 be disregarded because it purports to nullify Plan
terms that are not in compliance with Section 409A.

 

    	 	 	Page 15 of 17

     

    

 

10.2         Nonassignability.
Neither any Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage,
or otherwise encumber, transfer, hypothecate, alienate, or convey in advance of actual receipt, the amounts, if any, payable hereunder,
or any part hereof, which are, and all rights to which are expressly declared to be, unassignable and non-transferable. No part
of the amounts payable shall, prior to actual payment, be subject to seizure, attachment, garnishment (except to the extent the
Plan Sponsor may be required to garnish amounts from payments due under this Plan pursuant to applicable law), or sequestration
for the payment of any debts, judgments, alimony, or separate maintenance owed by a Participant or any other person, be transferable
by operation of law in the event of a Participant's or any other person's bankruptcy or insolvency, or be transferable to a spouse
as a result of a property settlement or otherwise. If any Participant, Beneficiary, or successor in interest is adjudicated bankrupt
or purports to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber transfer, hypothecate, alienate,
or convey in advance of actual receipt, the amount, if any, payable hereunder, or any part thereof, the Plan Administrator, in
its discretion, may cancel such distribution or payment (or any part thereof) to or for the benefit of such Participant, Beneficiary,
or successor in interest in such manner as the Plan Administrator shall direct.

 

10.3         Not a Contract
of Employment. The terms and conditions of this Plan shall not be deemed to constitute a contract of employment between the
Plan Sponsor and the Participant. Nothing in this Plan shall be deemed to give a Participant the right to be retained in the service
of the Plan Sponsor as an employee or otherwise or to interfere with the right of the Plan Sponsor to discipline or discharge the
Participant at any time.

 

10.4         Unclaimed Benefits.
In the case that the Plan Administrator is unable to locate the Participant or Beneficiary to whom a benefit is payable, such
Plan benefit shall be forfeited to the Plan Sponsor upon the Plan Administrator's determination. Notwithstanding the foregoing,
payment may be made to a Participant, and that payment will be treated as made upon the date specified under the Plan, if the Participant
provides notice to the Plan Sponsor within ninety (90) days of the latest date upon which the payment could have been timely made
in accordance with the terms of the Plan and Section 409A, and if not paid, if the Participant takes further enforcement measures
within one-hundred eighty (180) days after such latest date.

 

10.5         Governing Law.
Subject to ERISA, the provisions of this Plan shall be construed and interpreted according to the internal laws of the State
of Maryland without regard to its conflicts of laws principles.

 

10.6         Notice. Any
notice, consent or demand required or permitted to be given under the provisions of this Plan shall be in writing and shall be
signed by the party giving or making the same. If such notice, consent, or demand is mailed, it shall be sent by United States
certified mail, postage prepaid, addressed to the addressee's last known address as shown on the records of the Plan Sponsor. The
date of such mailing shall be deemed the date of notice consent or demand. Any person may change the address to which notice is
to be sent by giving notice of the change of address in the manner aforesaid.

 

10.7         Coordination with
Other Benefits. The benefits provided for a Participant and Participant's Beneficiary under this Plan are in addition to any
other benefits available to such Participant under any other plan or program for employees of the Plan Sponsor. This Plan shall
supplement and shall not supersede, modify, or amend any other such plan or program except as may otherwise be expressly provided
herein.

 

10.8         Compliance. A
Participant shall have no right to receive payment with respect to the Participant's Accrued Benefit until all legal and contractual
obligations of the Plan Sponsor relating to establishment of the Plan and the making of such payments shall have been complied
with in full.

 

    	 	 	Page 16 of 17

     

    

 

10.9         Compliance with
Section 409A and Authoritative Guidance. Notwithstanding anything in this Plan to the contrary, all provisions of this Plan,
including but not limited to the definitions of terms, elections to defer, and distributions, shall be made in accordance with
and shall comply with Section 409A and any authoritative guidance. The Plan Sponsor will amend the terms of this Plan retroactively,
if necessary, to the extent required to comply with Section 409A and any authoritative guidance. No election made by a Participant
hereunder, and no change made by a Participant to a previous election, shall be accepted by the Plan Sponsor if the Plan Sponsor
determines that acceptance of such election or change could violate any of the requirements of Section 409A or the authoritative
guidance. This Plan and any accompanying forms shall be interpreted in accordance with, and incorporate the terms and conditions
required by, Section 409A and the authoritative guidance, including, without limitation, any such Treasury Regulations or other
guidance that may be issued after the date hereof.

 

IN WITNESS WHEREOF,
the Plan Sponsor has signed this Plan document as of the Effective Date.

 

	WITNESS:	 	FOR THE PLAN SPONSOR:
	 	 	 
	/s/Laura McKinnon	 	/s/Gregory Cockerham
	(signature)	 	(signature)
	 	 	 
	Laura McKinnon	 	Gregory Cockerham
	(print name)	 	(print name)
	 	 	 
	DATE:	 	PARTICIPANT:
	 	 	 
	3/16/11	 	/s/James F. DiMisa
	 	 	(signature)
	 	 	 
	 	 	James F. DiMisa
	 	 	(print name)

 

    	 	 	Page 17 of 17

     

    

 

Amendment Number One 

Supplemental Executive Retirement
Plan

 

THIS AMENDMENT, made and entered into as
of [date], by and between Community Bank of Tri-County (the "Bank") and James DiMisa, an executive of the Bank (the "Participant").

 

WHEREAS, the Bank entered into a Supplemental
Executive Retirement Plan agreement (the "Agreement") the Participant as of January 1, 2011; and

 

WHEREAS, the Agreement provides the Participant
with supplemental retirement benefits following the Participant's separation from service under certain circumstances; and

 

WHEREAS, Section 3.13
of the Agreement provides the Participant with an additional benefit if any benefits under the Agreement or otherwise become subject
to an excise tax under Section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"), in connection with
a change in control; and

 

WHEREAS, the parties to the Agreement desire
to eliminate the tax indemnification provided by Section 3.13 of the Agreement and, instead, limit benefits otherwise subject to
an excise tax under Section 4999 of the Code.

 

ACCORDINGLY, the Agreement is amended by
deleting Section 3.13 of the Agreement and replacing it with the following new Section 3.13:

 

"3.13 Excise Tax Limitation. Notwithstanding
any provision of this Agreement to the contrary, any payment due under this Agreement shall be reduced in a manner and to the extent
so that no payments made under this Agreement, when aggregated with any other payments to be made to the Participant, shall be
an "excess parachute payment" in accordance with Section 280G of the Code and be subject to the excise tax provided for
under Section 4999 of the Code."

 

IN WITNESS WHEREOF, the parties hereto each
acknowledge that each has carefully read this amendment to the Agreement and executed the original on the date first set forth
above.

 

	 	 	COMMUNITY BANK OF TRI-COUNTY
	 	 	 
	/s/Christy Lombardi	 	/s/William J Pasenelli
	Witness	 	For the Bank
	 	 	 
	 	 	PARTICIPANT
	 	 	 
	/s/Christy Lombardi	 	/s/James F. DiMisa
	Witness	 	James DiMisa

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