Document:

Exhibit 4.4

 

OMNIBUS AMENDMENT 

TO 

INDENTURE SUPPLEMENTS

 

 

This OMNIBUS AMENDMENT
TO INDENTURE SUPPLEMENTS, dated as of October 16, 2014 (this “Amendment”), is entered into by and among BARCLAYS
DRYROCK ISSUANCE TRUST, as Issuer (the “Issuer”) and U.S. BANK NATIONAL ASSOCIATION, as the Indenture Trustee
(the “Indenture Trustee”), and acknowledged and agreed to by BARCLAYS BANK DELAWARE (“BBD”).

 

WHEREAS, the Issuer intends
to provide additional credit enhancement for the Series 2012-2, Series 2013-1, Series 2014-1 and Series 2014-2 Class A Notes (the
“Notes”), by issuing additional Class B Notes for each effected Note pursuant to Section 4.10(c) of the Indenture;

 

WHEREAS, Barclays Dryrock
Funding LLC intends to purchase the additional Class B Notes pursuant to series specific note purchase agreements; and

 

WHEREAS, the parties hereto
desire to amend the agreements listed on Schedule I of this Amendment (as amended, restated, supplemented or otherwise modified
from time to time, the “Indenture Supplements”) as provided herein.

 

NOW, THEREFORE, in consideration
of the premises and agreements contained herein and notwithstanding anything to the contrary set forth in the Indenture Supplements,
the undersigned parties hereby agree as follows:

 

ARTICLE I

AMENDMENTS

Section 1.01.     
Amendments to the Indenture Supplements.

		(a)	The Series 2012-2 Indenture Supplement, dated as of November 16, 2012, by and between the Issuer
and the Indenture Trustee, is hereby amended as follows:

		(i)	by deleting the definition of “Allocation Amount” in Section 1.01 in its entirety and
revising it to read as follows:

““Allocation
Amount” means, as of the Closing Date, the Series 2012-2 Stated Principal Amount and on any date of determination
thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the
date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases
in the Series 2012-2 Stated Principal Amount resulting from the issuance

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of additional Notes since the
prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions
in the Allocation Amount due to Investor Charge-Offs or Reallocated Principal Collections since the prior date of determination,
minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of
determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation
Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth
in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication)
paid to the Series 2012-2 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals
to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount
may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding Dollar Principal
Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be
reduced to zero upon such sale.”

		(ii)	by deleting the definition of “Base Rate” in Section 1.01 in its entirety and revising
it to read as follows:

““Base
Rate” means, with respect to any Payment Date, the sum of (a) the annualized percentage equivalent of a fraction,
the numerator of which is equal to the sum of the Class A Monthly Interest and the Class B Monthly Interest for such
Payment Date and the denominator of which is the Outstanding Dollar Principal Amount as of the Record Date for such Payment Date
(or with respect to the November 2014 Payment Date, the daily average of the Outstanding Dollar Principal Amount for the October
2014 Monthly Period) and (b) the Servicing Fee Percentage for such Payment Date.”

		(iii)	by deleting the definition of “Class B Stated Principal Amount” in Section 1.01 in
its entirety and revising it to read as follows:

““Class B
Stated Principal Amount” means $100,000,000.”

		(iv)	by deleting the definition of “Controlled Accumulation Amount” in Section 1.01 in its
entirety and revising it to read as follows:

““Controlled
Accumulation Amount” means $33,333,333.34; provided, however, that if the Servicer elects to postpone the
commencement of the Controlled Accumulation Period in accordance with Section 4.06(c), it shall be an amount equal
to the

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Outstanding Dollar Principal Amount
of such Series of Notes as of the first day of the Controlled Accumulation Period divided by the Controlled Accumulation Period
Length.”

		(v)	by deleting the definition of “Series 2012-2 Floating Allocation Percentage” in Section
1.01 in its entirety and revising it to read as follows:

““Series
2012-2 Floating Allocation Percentage” means, with respect to any Monthly Period for such Monthly Period, and any date
of determination as of such date of determination in such Monthly Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is the Allocation Amount as of the beginning of the first day of such Monthly
Period (or, with respect to any Monthly Period in which there is an issuance of additional Notes of an Outstanding Series of Notes
occurring in such Monthly Period, the Allocation Amount (after giving effect to any increase to the Allocation Amount resulting
from the issuance of the additional Notes) as of any date of determination on or after the date of such issuance of additional
Notes of an Outstanding Series of Notes), and the denominator of which is the greater of (i) the Pool Balance as of the beginning
of the first day of such Monthly Period as adjusted in accordance with the provisions below related to this clause (i), or (ii)
the sum of the numerators used to calculate the Floating Allocation Percentages for all Series of Notes as of the beginning of
the first day of such Monthly Period as adjusted in accordance with the provisions below related to this clause (ii). With respect
to any Monthly Period in which an Addition Date or a Removal Date occurs, on such Addition Date or Removal Date, as applicable,
the amount calculated above pursuant to clause (i) shall be adjusted to give effect to all increases and decreases in the Pool
Balance occurring in such Monthly Period from the first day of such Monthly Period to and including such Addition Date or Removal
Date. With respect to any Monthly Period in which there is a new issuance of Notes or an additional issuance of Notes of an Outstanding
Series of Notes, in each case, pursuant to Section 4.10 of the Indenture, the amount calculated above pursuant to clause (ii) shall
be adjusted to give effect to all increases in the sum of the allocation amounts resulting from such new Series of Notes or additional
issuance of Notes of an Outstanding Series of Notes occurring in such Monthly Period from the immediately preceding date of determination
in such Monthly Period to and including the date of issuance of such new Series of Notes or the additional issuance of Notes of
an Outstanding Series of Notes.”

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		(vi)	by deleting the definition of “Series 2012-2 “Portfolio Yield” in Section 1.01
in its entirety and revising it to read as follows:

““Series 2012-2
Portfolio Yield” means, for any Monthly Period (which, in the case of the first Monthly Period, shall be determined pursuant
to Section 2.01(e)), the annualized percentage equivalent of a fraction:

(a)the numerator
of which is equal to the sum of:

(A)the
Series 2012-2 Available Finance Charge Collections with respect to such Monthly Period; minus

(B)the
Series 2012-2 Default Amount for such Monthly Period; and

(b)the denominator
of which is the Allocation Amount as of the last day of the preceding Monthly Period (or with respect to the November 2014 Monthly
Period, the daily average of the Allocation Amount for the October 2014 Monthly Period).”

		(vii)	by deleting the definition of “Series 2012-2 Principal Allocation Percentage” in Section
1.01 in its entirety and revising it to read as follows:

““Series 2012-2
Principal Allocation Percentage” means, with respect to any Monthly Period for such Monthly Period, and any date of determination
as of such date of determination in such Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of
a fraction, the numerator of which is (a) during the Revolving Period, the Allocation Amount as of the beginning of the first day
of such Monthly Period (or, with respect to any Monthly Period in which there is an issuance of additional Notes of an Outstanding
Series of Notes occurring in such Monthly Period, the Allocation Amount (after giving effect to any increase to the Allocation
Amount resulting from the issuance of the additional Notes) as of any date of determination on or after the date of such issuance
of additional Notes of an Outstanding Series of Notes) and (b) during the Controlled Accumulation Period or the Early Amortization
Period, the Allocation Amount as of the close of business on the date on which the Revolving Period shall have terminated, and
the denominator of which is the greater of (i) the Pool Balance as of the beginning of the first day of such Monthly Period
as adjusted in accordance with the provisions below related to this clause (i), or (ii) the sum of the numerators used to
calculate the Principal Allocation Percentages for all Series of Notes as adjusted in accordance with the provisions below

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related to this clause (ii). With
respect to any Monthly Period in which an Addition Date or a Removal Date occurs, on such Addition Date or Removal Date, as applicable,
the amount calculated above pursuant to clause (i) shall be adjusted to give effect to all increases and decreases in the
Pool Balance occurring in such Monthly Period from the first day of such Monthly Period to and including such Addition Date or
Removal Date. With respect to any Monthly Period in which there is a new issuance of Notes or an additional issuance of Notes of
an Outstanding Series of Notes, in each case, pursuant to Section 4.10 of the Indenture, the amount calculated above pursuant to
clause (ii) shall be adjusted to give effect to all increases in the sum of the allocation amounts resulting from such new Series
of Notes or additional issuance of Notes of an Outstanding Series of Notes occurring in such Monthly Period from the immediately
preceding date of determination in such Monthly Period to and including the date of issuance of such new Series of Notes or the
additional issuance of Notes of an Outstanding Series of Notes.”

		(viii)	by deleting the definition of “Series 2012-2 Stated Principal Amount” in Section 1.01
in its entirety and revising it to read as follows:

““Series 2012-2
Stated Principal Amount” means $400,000,000.”

		(b)	The Series 2013-1 Indenture Supplement, dated as of October 10, 2013, by and between the Issuer
and the Indenture Trustee, is hereby amended as follows:

		(i)	by deleting the definition of “Allocation Amount” in Section 1.01 in its entirety and
revising it to read as follows:

““Allocation
Amount” means, as of the Closing Date, the Series 2013-1 Stated Principal Amount and on any date of determination thereafter,
the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination
immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2013-1 Stated
Principal Amount resulting from the issuance of additional Notes since the prior date of determination, plus (c) all reimbursements,
as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge-Offs or Reallocated
Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount
due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the
amount of the reduction in the Allocation Amount

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due to the application of Reallocated
Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount
deposited into the Principal Funding Account or (without duplication) paid to the Series 2013-1 Noteholders (in each case, after
giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination;
provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than
the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the
Allocation Amount will be reduced to zero upon such sale.”

		(ii)	by deleting the definition of “Base Rate” in Section 1.01 in its entirety and revising it to read as follows:

““Base
Rate” means, with respect to any Payment Date, the sum of (a) the annualized percentage equivalent of a fraction, the
numerator of which is equal to the sum of the Class A Monthly Interest and the Class B Monthly Interest for such Payment Date and
the denominator of which is the Outstanding Dollar Principal Amount as of the Record Date for such Payment Date (or with respect
to the November 2014 Payment Date, the daily average of the Outstanding Dollar Principal Amount for the October 2014 Monthly Period)
and (b) the Servicing Fee Percentage for such Payment Date.”

		(iii)	by deleting the definition of “Class B Stated Principal Amount” in Section 1.01 in
its entirety and revising it to read as follows:

““Class B
Stated Principal Amount” means $189,655,000.”

		(iv)	by deleting the definition of “Controlled Accumulation Amount” in Section 1.01 in its
entirety and revising it to read as follows:

““Controlled
Accumulation Amount” means $57,471,250.00; provided, however, that if the Servicer elects to postpone the
commencement of the Controlled Accumulation Period in accordance with Section 4.06(c), it shall be an amount equal
to the Outstanding Dollar Principal Amount of such Series of Notes as of the first day of the Controlled Accumulation Period divided
by the Controlled Accumulation Period Length.”

		(v)	by deleting the definition of “Series 2013-1 Floating Allocation Percentage” in Section
1.01 in its entirety and revising it to read as follows:

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““Series
2013-1 Floating Allocation Percentage” means, with respect to any Monthly Period for such Monthly Period, and any date
of determination as of such date of determination in such Monthly Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is the Allocation Amount as of the beginning of the first day of such Monthly
Period (or, with respect to any Monthly Period in which there is an issuance of additional Notes of an Outstanding Series of Notes
occurring in such Monthly Period, the Allocation Amount (after giving effect to any increase to the Allocation Amount resulting
from the issuance of the additional Notes) as of any date of determination on or after the date of such issuance of additional
Notes of an Outstanding Series of Notes), and the denominator of which is the greater of (i) the Pool Balance as of the beginning
of the first day of such Monthly Period as adjusted in accordance with the provisions below related to this clause (i), or (ii)
the sum of the numerators used to calculate the Floating Allocation Percentages for all Series of Notes as of the beginning of
the first day of such Monthly Period as adjusted in accordance with the provisions below related to this clause (ii). With respect
to any Monthly Period in which an Addition Date or a Removal Date occurs, on such Addition Date or Removal Date, as applicable,
the amount calculated above pursuant to clause (i) shall be adjusted to give effect to all increases and decreases in the Pool
Balance occurring in such Monthly Period from the first day of such Monthly Period to and including such Addition Date or Removal
Date. With respect to any Monthly Period in which there is a new issuance of Notes or an additional issuance of Notes of an Outstanding
Series of Notes, in each case, pursuant to Section 4.10 of the Indenture, the amount calculated above pursuant to clause (ii) shall
be adjusted to give effect to all increases in the sum of the allocation amounts resulting from such new Series of Notes or additional
issuance of Notes of an Outstanding Series of Notes occurring in such Monthly Period from the immediately preceding date of determination
in such Monthly Period to and including the date of issuance of such new Series of Notes or the additional issuance of Notes of
an Outstanding Series of Notes.”

		(vi)	by deleting the definition of “Series 2013-1 “Portfolio Yield” in Section 1.01 in its entirety and revising
it to read as follows:

““Series
2013-1 Portfolio Yield” means, for any Monthly Period (which, in the case of the first Monthly Period, shall be determined
pursuant to Section 2.01(e)), the annualized percentage equivalent of a fraction:

(a)the numerator
of which is equal to the sum of:

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(A)the
Series 2013-1 Available Finance Charge Collections with respect to such Monthly Period; minus

(B)the
Series 2013-1 Default Amount for such Monthly Period; and

(b)the denominator
of which is the Allocation Amount as of the last day of the preceding Monthly Period (or with respect to the November 2014 Monthly
Period, the daily average of the Allocation Amount for the October 2014 Monthly Period).”

		(vii)	by deleting the definition of “Series 2013-1 Principal Allocation Percentage” in Section
1.01 in its entirety and revising it to read as follows:

““Series
2013-1 Principal Allocation Percentage” means, with respect to any Monthly Period for such Monthly Period, and any date
of determination as of such date of determination in such Monthly Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is (a) during the Revolving Period, the Allocation Amount as of the beginning
of the first day of such Monthly Period (or, with respect to any Monthly Period in which there is an issuance of additional Notes
of an Outstanding Series of Notes occurring in such Monthly Period, the Allocation Amount (after giving effect to any increase
to the Allocation Amount resulting from the issuance of the additional Notes) as of any date of determination on or after the date
of such issuance of additional Notes of an Outstanding Series of Notes) and (b) during the Controlled Accumulation Period or the
Early Amortization Period, the Allocation Amount as of the close of business on the date on which the Revolving Period shall have
terminated, and the denominator of which is the greater of (i) the Pool Balance as of the beginning of the first day of such Monthly
Period as adjusted in accordance with the provisions below related to this clause (i), or (ii) the sum of the numerators used to
calculate the Principal Allocation Percentages for all Series of Notes as adjusted in accordance with the provisions below related
to this clause (ii). With respect to any Monthly Period in which an Addition Date or a Removal Date occurs, on such Addition Date
or Removal Date, as applicable, the amount calculated above pursuant to clause (i) shall be adjusted to give effect to all increases
and decreases in the Pool Balance occurring in such Monthly Period from the first day of such Monthly Period to and including such
Addition Date or Removal Date. With respect to any Monthly Period in which there is a new issuance of Notes or an additional issuance
of Notes of an Outstanding Series of Notes, in each case, pursuant to Section 4.10 of the Indenture,

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the amount calculated above pursuant
to clause (ii) shall be adjusted to give effect to all increases in the sum of the allocation amounts resulting from such new Series
of Notes or additional issuance of Notes of an Outstanding Series of Notes occurring in such Monthly Period from the immediately
preceding date of determination in such Monthly Period to and including the date of issuance of such new Series of Notes or the
additional issuance of Notes of an Outstanding Series of Notes.”

		(viii)	by deleting the definition of “Series 2013-1 Stated Principal Amount” in Section 1.01
in its entirety and revising it to read as follows:

““Series 2013-1
Stated Principal Amount” means $689,655,000.”

		(c)	The Series 2014-1 Indenture Supplement, dated as of March 4, 2014, by and between the Issuer and
the Indenture Trustee, is hereby amended as follows:

		(i)	by deleting the definition of “Allocation Amount” in Section 1.01 in its entirety and revising it to read as follows:

““Allocation
Amount” means, as of the Closing Date, the Series 2014-1 Stated Principal Amount and on any date of determination thereafter,
the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination
immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2014-1 Stated
Principal Amount resulting from the issuance of additional Notes since the prior date of determination, plus (c) all reimbursements,
as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge-Offs or Reallocated
Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount
due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the
amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date
of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account
or (without duplication) paid to the Series 2014-1 Noteholders (in each case, after giving effect to any deposits, allocations,
reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation
Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding Dollar Principal
Amount and (3) if there is a sale of

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Collateral in accordance with
Section 4.14, the Allocation Amount will be reduced to zero upon such sale.”

		(ii)	by deleting the definition of “Base Rate” in Section 1.01 in its entirety and revising it to read as follows:

““Base
Rate” means, with respect to any Payment Date, the sum of (a) the annualized percentage equivalent of a fraction, the
numerator of which is equal to the sum of the Class A Monthly Interest and the Class B Monthly Interest for such Payment Date and
the denominator of which is the Outstanding Dollar Principal Amount as of the Record Date for such Payment Date (or with respect
to the November 2014 Payment Date, the daily average of the Outstanding Dollar Principal Amount for the October 2014 Monthly Period)
and (b) the Servicing Fee Percentage for such Payment Date.”

		(iii)	by deleting the definition of “Class B Stated Principal Amount” in Section 1.01 in
its entirety and revising it to read as follows:

““Class B
Stated Principal Amount” means $246,551,000.”

		(iv)	by deleting the definition of “Controlled Accumulation Amount” in Section 1.01 in its
entirety and revising it to read as follows:

““Controlled
Accumulation Amount” means $74,712,583.34; provided, however, that if the Servicer elects to postpone the
commencement of the Controlled Accumulation Period in accordance with Section 4.06(c), it shall be an amount equal
to the Outstanding Dollar Principal Amount of such Series of Notes as of the first day of the Controlled Accumulation Period divided
by the Controlled Accumulation Period Length.”

		(v)	by deleting the definition of “Series 2014-1 Floating Allocation Percentage” in Section 1.01 in its entirety and
revising it to read as follows:

““Series
2014-1 Floating Allocation Percentage” means, with respect to any Monthly Period for such Monthly Period, and any date
of determination as of such date of determination in such Monthly Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is the Allocation Amount as of the beginning of the first day of such Monthly
Period (or, with respect to any Monthly Period in which there is an issuance of additional Notes of an Outstanding Series of Notes
occurring in such Monthly Period, the Allocation Amount (after giving effect to any increase to the Allocation Amount resulting
from the issuance of the additional Notes) as of any date

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of determination on or after the
date of such issuance of additional Notes of an Outstanding Series of Notes), and the denominator of which is the greater of (i)
the Pool Balance as of the beginning of the first day of such Monthly Period as adjusted in accordance with the provisions below
related to this clause (i), or (ii) the sum of the numerators used to calculate the Floating Allocation Percentages for all Series
of Notes as of the beginning of the first day of such Monthly Period as adjusted in accordance with the provisions below related
to this clause (ii). With respect to any Monthly Period in which an Addition Date or a Removal Date occurs, on such Addition Date
or Removal Date, as applicable, the amount calculated above pursuant to clause (i) shall be adjusted to give effect to all increases
and decreases in the Pool Balance occurring in such Monthly Period from the first day of such Monthly Period to and including such
Addition Date or Removal Date. With respect to any Monthly Period in which there is a new issuance of Notes or an additional issuance
of Notes of an Outstanding Series of Notes, in each case, pursuant to Section 4.10 of the Indenture, the amount calculated above
pursuant to clause (ii) shall be adjusted to give effect to all increases in the sum of the allocation amounts resulting from such
new Series of Notes or additional issuance of Notes of an Outstanding Series of Notes occurring in such Monthly Period from the
immediately preceding date of determination in such Monthly Period to and including the date of issuance of such new Series of
Notes or the additional issuance of Notes of an Outstanding Series of Notes.”

		(vi)	by deleting the definition of “Series 2014-1 “Portfolio Yield” in Section 1.01 in its entirety and revising
it to read as follows:

““Series
2014-1 Portfolio Yield” means, for any Monthly Period (which, in the case of the first Monthly Period, shall be determined
pursuant to Section 2.01(e)), the annualized percentage equivalent of a fraction:

(a)the numerator
of which is equal to the sum of:

(A)the
Series 2014-1 Available Finance Charge Collections with respect to such Monthly Period; minus

(B)the
Series 2014-1 Default Amount for such Monthly Period; and

(b)the denominator
of which is the Allocation Amount as of the last day of the preceding Monthly Period (or with respect to the November 2014 Monthly
Period, the daily average of the Allocation Amount for the October 2014 Monthly Period).”

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		(vii)	by deleting the definition of “Series 2014-1 Principal Allocation Percentage” in Section 1.01 in its entirety and
revising it to read as follows:

““Series
2014-1 Principal Allocation Percentage” means, with respect to any Monthly Period for such Monthly Period, and any date
of determination as of such date of determination in such Monthly Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is (a) during the Revolving Period, the Allocation Amount as of the beginning
of the first day of such Monthly Period (or, with respect to any Monthly Period in which there is an issuance of additional Notes
of an Outstanding Series of Notes occurring in such Monthly Period, the Allocation Amount (after giving effect to any increase
to the Allocation Amount resulting from the issuance of the additional Notes) as of any date of determination on or after the date
of such issuance of additional Notes of an Outstanding Series of Notes) and (b) during the Controlled Accumulation Period or the
Early Amortization Period, the Allocation Amount as of the close of business on the date on which the Revolving Period shall have
terminated, and the denominator of which is the greater of (i) the Pool Balance as of the beginning of the first day of such Monthly
Period as adjusted in accordance with the provisions below related to this clause (i), or (ii) the sum of the numerators used to
calculate the Principal Allocation Percentages for all Series of Notes as adjusted in accordance with the provisions below related
to this clause (ii). With respect to any Monthly Period in which an Addition Date or a Removal Date occurs, on such Addition Date
or Removal Date, as applicable, the amount calculated above pursuant to clause (i) shall be adjusted to give effect to all increases
and decreases in the Pool Balance occurring in such Monthly Period from the first day of such Monthly Period to and including such
Addition Date or Removal Date. With respect to any Monthly Period in which there is a new issuance of Notes or an additional issuance
of Notes of an Outstanding Series of Notes, in each case, pursuant to Section 4.10 of the Indenture, the amount calculated above
pursuant to clause (ii) shall be adjusted to give effect to all increases in the sum of the allocation amounts resulting from such
new Series of Notes or additional issuance of Notes of an Outstanding Series of Notes occurring in such Monthly Period from the
immediately preceding date of determination in such Monthly Period to and including the date of issuance of such new Series of
Notes or the additional issuance of Notes of an Outstanding Series of Notes.”

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		(viii)	by deleting the definition of “Series 2014-1 Stated Principal Amount” in Section 1.01
in its entirety and revising it to read as follows:

““Series 2014-1
Stated Principal Amount” means $896,551,000.”

		(d)	The Series 2014-2 Indenture Supplement, dated as of May 28, 2014, by and between the Issuer and
the Indenture Trustee, and acknowledged and agreed to by BBD, is hereby amended as follows:

		(i)	by deleting the definition of “Allocation Amount” in Section 1.01 in its entirety and revising it to read as follows:

““Allocation
Amount” means, as of the Closing Date, the Series 2014-2 Stated Principal Amount and on any date of determination thereafter,
the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination
immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2014-2 Stated
Principal Amount resulting from the issuance of additional Notes since the prior date of determination, plus (c) all reimbursements,
as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge-Offs or Reallocated
Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount
due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the
amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date
of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account
or (without duplication) paid to the Series 2014-2 Noteholders (in each case, after giving effect to any deposits, allocations,
reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation
Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding Dollar Principal
Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero
upon such sale.”

		(ii)	by deleting the definition of “Base Rate” in Section 1.01 in its entirety and revising it to read as follows:

““Base
Rate” means, with respect to any Payment Date, the sum of (a) the annualized percentage equivalent of a fraction, the
numerator of which is equal to the sum of the Class A Monthly

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Interest and the Class B Monthly
Interest for such Payment Date and the denominator of which is the Outstanding Dollar Principal Amount as of the Record Date for
such Payment Date (or with respect to the November 2014 Payment Date, the daily average of the Outstanding Dollar Principal Amount
for the October 2014 Monthly Period) and (b) the Servicing Fee Percentage for such Payment Date.”

		(iii)	by deleting the definition of “Class B Stated Principal Amount” in Section 1.01 in
its entirety and revising it to read as follows:

““Class B
Stated Principal Amount” means $237,068,000.”

		(iv)	by deleting the definition of “Controlled Accumulation Amount” in Section 1.01 in its
entirety and revising it to read as follows:

““Controlled
Accumulation Amount” means $71,839,000.00; provided, however, that if the Servicer elects to postpone the
commencement of the Controlled Accumulation Period in accordance with Section 4.06(c), it shall be an amount equal
to the Outstanding Dollar Principal Amount of such Series of Notes as of the first day of the Controlled Accumulation Period divided
by the Controlled Accumulation Period Length.”

		(v)	by deleting the definition of “Series 2014-2 Floating Allocation Percentage” in Section 1.01 in its entirety and
revising it to read as follows:

““Series
2014-2 Floating Allocation Percentage” means, with respect to any Monthly Period for such Monthly Period, and any date
of determination as of such date of determination in such Monthly Period, the percentage equivalent (which percentage shall never
exceed 100%) of a fraction, the numerator of which is the Allocation Amount as of the beginning of the first day of such Monthly
Period (or, with respect to any Monthly Period in which there is an issuance of additional Notes of an Outstanding Series of Notes
occurring in such Monthly Period, the Allocation Amount (after giving effect to any increase to the Allocation Amount resulting
from the issuance of the additional Notes) as of any date of determination on or after the date of such issuance of additional
Notes of an Outstanding Series of Notes), and the denominator of which is the greater of (i) the Pool Balance as of the beginning
of the first day of such Monthly Period as adjusted in accordance with the provisions below related to this clause (i), or (ii)
the sum of the numerators used to calculate the Floating Allocation Percentages for all Series of Notes as of the beginning of
the first day of such Monthly Period as adjusted in accordance with the provisions

    	14

    	

 

    

below related to this clause (ii).
With respect to any Monthly Period in which an Addition Date or a Removal Date occurs, on such Addition Date or Removal Date, as
applicable, the amount calculated above pursuant to clause (i) shall be adjusted to give effect to all increases and decreases
in the Pool Balance occurring in such Monthly Period from the first day of such Monthly Period to and including such Addition Date
or Removal Date. With respect to any Monthly Period in which there is a new issuance of Notes or an additional issuance of Notes
of an Outstanding Series of Notes, in each case, pursuant to Section 4.10 of the Indenture, the amount calculated above pursuant
to clause (ii) shall be adjusted to give effect to all increases in the sum of the allocation amounts resulting from such new Series
of Notes or additional issuance of Notes of an Outstanding Series of Notes occurring in such Monthly Period from the immediately
preceding date of determination in such Monthly Period to and including the date of issuance of such new Series of Notes or the
additional issuance of Notes of an Outstanding Series of Notes.”

		(vi)	by deleting the definition of “Series 2014-2 “Portfolio Yield” in Section 1.01 in its entirety and revising
it to read as follows:

““Series
2014-2 Portfolio Yield” means, for any Monthly Period (which, in the case of the first Monthly Period, shall be determined
pursuant to Section 2.01(e)), the annualized percentage equivalent of a fraction:

(a)the numerator
of which is equal to the sum of:

(A)the
Series 2014-2 Available Finance Charge Collections with respect to such Monthly Period; minus

(B)the
Series 2014-2 Default Amount for such Monthly Period; and

(b)the denominator
of which is the Allocation Amount as of the last day of the preceding Monthly Period (or with respect to the November 2014 Monthly
Period, the daily average of the Allocation Amount for the October 2014 Monthly Period).”

		(vii)	by deleting the definition of “Series 2014-2 Principal Allocation Percentage” in Section 1.01 in its entirety and
revising it to read as follows:

““Series
2014-2 Principal Allocation Percentage” means, with respect to any Monthly Period for such Monthly Period, and any date
of determination as of such date of determination in such Monthly Period, the percentage equivalent (which percentage shall

    	15

     

	

    

never exceed 100%) of a fraction,
the numerator of which is (a) during the Revolving Period, the Allocation Amount as of the beginning of the first day of such Monthly
Period (or, with respect to any Monthly Period in which there is an issuance of additional Notes of an Outstanding Series of Notes
occurring in such Monthly Period, the Allocation Amount (after giving effect to any increase to the Allocation Amount resulting
from the issuance of the additional Notes) as of any date of determination on or after the date of such issuance of additional
Notes of an Outstanding Series of Notes) and (b) during the Controlled Accumulation Period or the Early Amortization Period, the
Allocation Amount as of the close of business on the date on which the Revolving Period shall have terminated, and the denominator
of which is the greater of (i) the Pool Balance as of the beginning of the first day of such Monthly Period as adjusted in accordance
with the provisions below related to this clause (i), or (ii) the sum of the numerators used to calculate the Principal Allocation
Percentages for all Series of Notes as adjusted in accordance with the provisions below related to this clause (ii). With respect
to any Monthly Period in which an Addition Date or a Removal Date occurs, on such Addition Date or Removal Date, as applicable,
the amount calculated above pursuant to clause (i) shall be adjusted to give effect to all increases and decreases in the Pool
Balance occurring in such Monthly Period from the first day of such Monthly Period to and including such Addition Date or Removal
Date. With respect to any Monthly Period in which there is a new issuance of Notes or an additional issuance of Notes of an Outstanding
Series of Notes, in each case, pursuant to Section 4.10 of the Indenture, the amount calculated above pursuant to clause (ii) shall
be adjusted to give effect to all increases in the sum of the allocation amounts resulting from such new Series of Notes or additional
issuance of Notes of an Outstanding Series of Notes occurring in such Monthly Period from the immediately preceding date of determination
in such Monthly Period to and including the date of issuance of such new Series of Notes or the additional issuance of Notes of
an Outstanding Series of Notes.”

		(viii)	by deleting the definition of “Series 2014-2 Stated Principal Amount” in Section 1.01
in its entirety and revising it to read as follows:

““Series 2014-2
Stated Principal Amount” means $862,068,000.”

    	16

    	

 

    

ARTICLE II 

CONDITIONS PRECEDENT 

Section 2.01.     
Effectiveness. The amendments provided for by this Amendment shall become effective upon satisfaction of the following
conditions:

		(a)	delivery of an Issuer Tax Opinion to the Owner Trustee and the Indenture Trustee;

		(b)	delivery of an Officer’s Certificate, from the Issuer, to the Indenture Supplements Trustee
and the Owner Trustee, to the effect that the Issuer reasonably believes that such amendments will not have an Adverse Effect and
is not reasonably expected to have an Adverse Effect at any time in the future;

		(c)	satisfaction of the Note Rating Agency Condition; and

		(d)	counterparts of this Amendment, duly executed by the parties hereto.

ARTICLE III

MISCELLANEOUS

Section 3.01.     
Waiver of Notice. Notwithstanding anything to the contrary set forth in the Indenture Supplements, each of the undersigned
parties hereby waive any notice or other timing requirements with respect to and gives its consent to the amendments provided for
herein.

Section 3.02.     
Ratification of the Indenture Supplements. Except as specifically amended, modified or supplemented by this Amendment,
the Indenture Supplements are each hereby confirmed and ratified in all respects and shall remain in full force and effect. This
Amendment shall not constitute a novation of the Indenture Supplements, but shall constitute an amendment thereof. Each of the
parties to the Indenture Supplements agree to be bound by the terms of the obligations of the Indenture Supplements, as amended
by this Amendment, as though the terms and obligations of such Indenture Supplements were set forth herein.

Section 3.03.     
Counterparts. This Amendment may be executed in any number of counterparts and by separate parties hereto on separate
counterparts, each of which when executed shall be deemed an original, but all such counterparts taken together shall constitute
one and the same instrument.

Section 3.04.     
Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW
YORK, INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE

    	17

     

	

    

PARTIES HEREUNDER SHALL BE DETERMINED
IN ACCORDANCE WITH SUCH LAWS.

Section 3.05.     
Defined Terms and Section References. Capitalized terms used herein and not otherwise defined herein shall have the
meanings given to such terms in the Indenture Supplements. All Section or Subsection references herein shall mean Sections or Subsections
in the Indenture Supplements, except as otherwise provided herein.

    	18

     

	

    

IN WITNESS WHEREOF, the
undersigned parties have caused this Amendment to be duly executed by their respective officers thereunto duly authorized, all
as of the date first above written.

 

 

	 	
        BARCLAYS DRYROCK ISSUANCE TRUST,

        as Issuer 

	 	By:  Wilmington Trust, National Association, not in its individual capacity but solely as Owner Trustee on behalf of the Trust
	 	 
	 	 
	 	
        By: /s/ Rachel Simpson

 

	 	Name: Rachel L. Simpson
	 	Title: Assistant Vice President

 

	 	U.S. BANK NATIONAL ASSOCIATION,
	 	not in its individual capacity but solely as Indenture Trustee
	 	 
	 	 
	 	
        By: /s/ John L. Linssen

 

	 	Name: John L. Linssen
	 	Title: Vice President

 

	 	BARCLAYS BANK DELAWARE,
	 	as Servicer
	 	 
	 	 
	 	
        By: /s/ M. Yasser Resvi

 

	 	Name: M. Yasser Rezvi
	 	Title: Treasurer

 

 

 

 

 

 

 

 

    	 

    	 

    

SCHEDULE I

 

1. Series 2012-2 Indenture Supplement, dated as of November 16,
2012, by and between the Issuer and the Indenture Trustee.

 

2. Series 2013-1 Indenture Supplement, dated as of October 10, 2013,
by and between the Issuer and the Indenture Trustee.

 

3. Series 2014-1 Indenture Supplement, dated as of March 4, 2014,
by and between the Issuer and the Indenture Trustee.

 

4. Series 2014-2 Indenture Supplement, dated as of May 28, 2014,
by and between the Issuer and the Indenture Trustee, and acknowledged and agreed to by BBD.Exhibit 10.20

Eastern Virginia Bankshares, Inc. 

FORM OF

Restricted Stock Agreement

 

THIS AGREEMENT dated as of the <<grant
date>>, between EASTERN VIRGINIA BANKSHARES, INC., a Virginia corporation (the “Corporation”), and <<name>>
(“Participant”), is made pursuant and subject to the provisions of the Eastern Virginia Bankshares, Inc. 2007 Equity
Compensation Plan (the “Plan”). All capitalized terms used in this Agreement have the meaning assigned to them in the
Plan, unless this Agreement provides, or the context requires, otherwise.

 

In consideration of the benefits which
the Corporation expects to be derived from the services rendered to it and/or any Subsidiary by the Participant and of the covenants
contained herein, the parties hereby agree as follows:

 

1.Award of
Stock. Pursuant to the Plan, the Corporation, on <<grant date>>, (the “Award Date”), granted Participant
<<number>> shares of Common Stock (“Restricted Stock”), subject to the terms and conditions of the
Plan and subject further to the terms and conditions set forth herein (the “Award”). <<Number>> percent
(<<percent>>%) of the Restricted Stock (i.e., <<number of shares of time-based restricted stock>>) shall
be transferable and nonforfeitable (“Vested” or “Vesting”) over a period of time (“Time-Based Shares”),
and the remaining <<number>>  percent (<<percent>>%) of the Restricted Stock (i.e., <<number
of shares of performance-based restricted stock >>) shall be Vested in connection with the performance of the Corporation
(“Performance-Based Shares”), all as set forth further below. The Time-Based Shares and Performance-Based Shares collectively
may be referred to as Restricted Stock as the context requires.

 

2.Restrictions.
Except as provided in this Agreement, the Restricted Stock is nontransferable and is subject to a substantial risk of forfeiture.

 

3.Terminology.
The following terms have the following meanings for purposes of this Agreement:

 

		(a)	“Cause” shall have the meaning set forth in the Participant’s Employment Agreement,
if applicable, and if Participant does not have an Employment Agreement or Participant’s Employment Agreement does not define
the term, “Cause” shall mean Participant’s personal dishonesty, incompetence, willful misconduct, breach of a
fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation
(other than traffic violations or similar offenses) or final cease-and-desist order, conviction of a felony or of a misdemeanor
involving moral turpitude, or misappropriation of the Corporation’s assets (determined on a reasonable basis and solely by
the Board of Directors) or those of a Subsidiary.

 

    	 

    	 

    

  

		(b)	“Peer Group” means the financial institutions listed on Attachment A hereto, provided
that any listed financial institution shall be eliminated if it is acquired or otherwise changes its structure or business such
that it is no longer reasonably comparable to the Corporation (as determined by the Committee), and in the case of any such elimination,
the Committee may or may not replace the eliminated financial institution with another financial institution which it considers
reasonably comparable to the Corporation.

 

		(c)	“Vesting Acceleration Event” means during the period in which any share of Restricted
Stock is not Vested:

 

		(i)	the Participant’s retirement, with the consent of the Board of Directors or its delegate,
at or after age sixty-five (65) where there is no Cause (as defined above) for the Corporation to terminate the Participant’s
employment;

 

		(ii)	the occurrence of a Change in Control (as defined in the Plan), if the Participant has remained
employed with the Corporation and/or a Subsidiary through the date the Change in Control occurs;

 

		(iii)	the Participant’s death; or

 

		(iv)	if the Participant does not have an Employment Agreement, the Participant’s termination of
employment due to becoming disabled (as defined for purposes of Section 22(e)(3) of the Internal Revenue Code), or, if the Participant
has an Employment Agreement, the Participant’s termination of employment due to becoming disabled (as defined in his or her
Employment Agreement or, if not so defined, as defined for purposes of Section 22(e)(3) of the Internal Revenue Code).

			For purposes of determining a Vesting Acceleration Event, an “Employment Agreement”
means a written individual employment agreement, or if there is no employment agreement, then a written individual change in control
agreement, as in effect on the Award Date between the Participant and the Corporation and/or a Subsidiary. If a Participant does
not have such a written individual employment agreement or change in control agreement, the Participant is considered not to have
an Employment Agreement for purposes hereof. 

 

    	 

    	 

    

 

4.Vesting
in the Time-Based Shares. Subject to earlier Vesting or forfeiture as provided below, the Participant’s interest
in 100% of the Time-Based Shares shall be Vested on the following dates, provided the Participant remains in employment with the
Corporation and/or a Subsidiary from the Award Date through such respective dates:

 

	
         

        Date
	
        Percentage of Time-Based Shares Vesting

         

	<<vesting schedule>>	<<percentage>>
	 	 
	 	 

 

5.Vesting
in the Performance-Based Shares.

 

		(a)	Subject to earlier Vesting or forfeiture as provided below, the Participant’s interest in
100% of the Performance-Based Shares shall be Vested on <<vesting date>>, provided the Participant remains in employment
with the Corporation and/or a Subsidiary from the Award Date through such date, if and only if certain minimum performance
measures are satisfied as described under this Paragraph 5.

 

		(b)	Vesting of the Performance-Based Shares will be determined
by the Corporation’s <<financial measures, such as earnings per share and/or return on assets>> ranking for
the <<performance period>> (the “Performance Period”) compared to the <<relevant financial measure(s)>>
for the Peer Group (see Attachment A) as follows, where Vesting in the Performance-Based Shares is equal to the number of
the Performance-Based Shares multiplied by the Vesting percentage below:

 

	
         

        [Higher of] <<relevant financial measures>>

        Ranking
	Vesting Percentage for Performance-Based Shares
	 	 
	<<rank>> and above	100%
	<<rank>> up to but excluding <<rank>>	50%
	below <<rank>>	0%

 

			[FOR USE WHEN MORE THAN ONE FINANCIAL MEASURE IS INCLUDED: The [higher] <<weighting of the
relevant financial measures>> will determine the Vesting percentage (for example, if the Corporation’s <<relevant
financial measure>> ranking is above <<rank>> and the <<relevant financial measure>> ranking is below
<<rank>>, the Vesting percentage is <<vesting percentage>>).] If the relevant ranking is above <<rank>>,
but less than <<rank>>, the Vesting percentage shall not be subject to interpolation (for example, the Vesting percentage
is 50% whether the ranking is <<rank>> or <<rank>>).

 

    	 

    	 

    

 

 

		(c)	All determinations regarding Vesting and entitlement
to the Performance-Based Shares under this Paragraph 5 shall be made and certified to in writing by the Committee. If the Committee
determines that all or any portion of the Performance-Based Shares shall not become Vested, such Performance-Based Shares (or
portion thereof) shall be forfeited as of the date of the Committee’s determination.

 

6.Vesting
Acceleration Events. Upon the occurrence of a Vesting Acceleration Event defined in Paragraph 3(c), any shares of Restricted
Stock that are not then Vested shall immediately become Vested.

 

7.Forfeiture.
Except in connection with a Vesting Acceleration Event defined in Paragraph 3(c), all shares of Restricted Stock that are not considered
Vested by or at the cessation of the Participant’s employment with the Corporation or a Subsidiary (or both in the case of
dual employment) shall be forfeited to the Corporation.

 

8.Shareholder
Rights. Subject to Paragraph 14, Participant will have all the rights of a shareholder of the Corporation with respect
to the Restricted Stock, including the right to receive dividends or distributions on (other than dividends or distributions which
are paid in shares of Common Stock) and to vote the Restricted Stock; provided, however, that (i) Participant may not sell, transfer,
pledge, assign, exchange, hypothecate or otherwise dispose of the Restricted Stock prior to Vesting, otherwise than by will or
by the laws of descent and distribution, (ii) the Corporation shall retain custody of the certificates evidencing shares of the
Restricted Stock as provided in Paragraph 9, and (iii) Participant will deliver a stock power in accordance with Paragraph 10.
If, prior to Vesting, any such dividends or distributions are paid in shares of Common Stock with respect to the Restricted Stock,
such shares shall be registered in the name of the Participant and deposited with the Corporation as provided in Paragraph 9,
and shall be subject to the same restrictions on transferability and the same rules for custody as the Restricted Stock with respect
to which they were paid.

 

9.Custody
of Certificates. Custody of stock certificates evidencing the Restricted Stock (if the Restricted Stock is issued in certificated
form) shall be retained by the Corporation so long as the Restricted Stock is not Vested. The Corporation reserves the right to
place a legend on each certificate restricting the transferability of shares evidenced by any certificate. The Corporation shall
deliver to the Participant the stock certificate or certificates (or cause the Corporation’s transfer agent to make a book-entry
or electronic notation) as soon as practicable after the Restricted Stock becomes Vested.

 

10.Stock
Power. Participant shall deliver to the Corporation a stock power, endorsed in blank, with respect to the Restricted Stock.
The Corporation shall use the stock power to cancel any shares of Restricted Stock that do not become Vested. The Corporation shall
return the stock power to Participant with respect to any shares of Restricted Stock that become Vested. The Participant, by execution
of this Agreement, shall be deemed to appoint, and does so appoint, the Corporation and each of its authorized representatives
as the Participant’s attorney(s) in fact to effect any transfer of forfeited shares (or shares otherwise reacquired or withheld
by the Corporation hereunder), or any adjustment to the number of shares of Restricted Stock pursuant to Paragraph 14 below, to
the Corporation as may be required pursuant to the Plan or this Agreement and to execute such documents as the Corporation or such
representatives deem necessary or advisable in connection with any such transfer.

 

    	 

    	 

    

 

11.Fractional
Shares. Fractional shares shall not be issuable hereunder, and when any provision hereof or of the Plan may entitle Participant
to a fractional share, such fraction shall be disregarded.

 

12.Taxes.
The Corporation shall have the right to retain and withhold from any award of the Restricted Stock, the amount of taxes (at the
statutorily required rates) required by any government to be withheld or otherwise deducted and paid with respect to such Award.
At its discretion, the Committee may require the Participant to reimburse the Corporation for any such taxes required to be withheld
by the Corporation and to withhold any distribution in whole or in part until the Corporation is so reimbursed. In accordance with
procedures established by the Committee, Participant or any successor in interest may elect to have the Corporation retain and
withhold a number of Vested shares of Restricted Stock having a Fair Market Value on the date of withholding not less than the
amount of such taxes and cancel in whole or in part any such shares so withheld, in order to satisfy the Corporation’s withholding
obligations. In accordance with procedures established by the Committee, Participant or any successor in interest is also authorized
to deliver shares of the Corporation’s Common Stock having a Fair Market Value on the date of delivery not less than the
amount of such taxes, in order to satisfy the Corporation’s withholding obligations. In the event the Participant does not
deliver or elect to have the Corporation retain and withhold shares as described in this Paragraph 12, the Corporation shall have
the right to withhold from any other cash amounts due or to become due from the Corporation (or a Subsidiary) to the Participant
an amount equal to such taxes required to be withheld by the Corporation to reimburse the Corporation for any such taxes.

 

13.No Right
to Continued Employment. This Agreement does not confer upon Participant any right with respect to continued employment
by the Corporation, nor shall it interfere in any way with the right of the Corporation to terminate Participant’s employment
at any time (subject to the terms of Participant’s Employment Agreement, if applicable).

 

14.Change
in Capital Structure. In accordance with the terms of the Plan, the terms of this Award shall be adjusted as the Board
of Directors or the Committee determines is equitably required in the event the Corporation effects one or more stock dividends,
stock split-ups, subdivisions or consolidations of shares or other similar changes in capitalization.

 

15.Governing
Law. This Agreement and the Award shall be governed by the laws of the Commonwealth of Virginia.

 

16.Conflicts.
In the event of any conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of the Plan
shall govern.

 

17.Participant
Bound by Plan; Prospectus. Participant hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all
the terms and provisions thereof. Participant also hereby acknowledges receipt of a prospectus for the Plan.

 

    	 

    	 

    

 

18.Clawback. This
Award (whether Vested or not Vested) shall be subject to the terms of
the Corporation’s recoupment, clawback or similar policy as such may be in effect from time to time, as well as any similar
provisions of applicable law, which could in certain circumstances
require repayment or forfeiture of the Restricted Stock or any shares or other cash or property received with respect to the Restricted
Stock (including any value received from a disposition of the Restricted Stock after it has become Vested). 

 

19.Binding
Effect. Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon and inure to the
benefit of the legatees, distributees, and personal representative of the Participant and the successors of the Corporation.

 

To evidence its grant of the Restricted
Stock and the terms, conditions and restrictions thereof, the Corporation has signed this Agreement as of the Award Date. This
Agreement shall not become legally binding unless the Participant has accepted this Agreement within thirty (30) days after the
Award Date (or such longer period as the Chairman of the Committee may accept) pursuant to such means as the Committee may permit.
If the Participant fails to timely accept this Agreement, the grant of the Restricted Stock shall be cancelled and forfeited ab
initio.

 

IN WITNESS WHEREOF, the Corporation has
caused this Agreement to be signed on its behalf, and the Participant has affixed his signature hereto.

 

	 	EASTERN VIRGINIA BANKSHARES, INC
	 	 
	Date: <<grant date>>	By: 	 
	 	 
	 	 
	 	(Printed Name and Title)
	 	 
	 	 
	 	<<name>>
	 	 
	Date:	 	 	 
	 	 
	 	 
	 	(Printed Name)
	 	 	 	 	 

 

    	 

    	 

    

Attachment
A

 

Listing of Peer Group

 

<<list of peer financial institutions>>

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