Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) dated as of April 18, 2017, is made by and among First Home Bancorp, Inc.,
a corporation organized under the laws of the State of Florida (the “Company”), First Home Bank, a banking corporation organized under the laws of the State of Florida and wholly-owned subsidiary of the Company (the “Bank”
and collectively, with the Company, the “Employer”), and Anthony N. Leo, an individual resident of Florida (the “Executive”). 

The Employer presently employs the Executive as its Chief Executive Officer. The Employer recognizes that the Executive’s leadership and
contribution to the well-being of the Bank and the Company is substantial. The Employer desires to provide for the continued employment of the Executive as its Chief Executive Officer which the Employer has determined will reinforce and encourage
the continued dedication of the Executive to the Employer and will promote the best interests of the Bank, the Company, and the Company’s shareholders. The Executive is willing to continue to serve the Employer on the terms and conditions
herein provided. Certain terms used in this Agreement are defined in Section 20 hereof. 
 In consideration of the foregoing, the
mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

1. Employment; Title; Duties. The Employer shall continue to employ the Executive, and the Executive shall continue to serve the
Employer, as the Chief Executive Officer of the Company and the Bank upon the terms and conditions set forth herein. The Executive shall have such authority and responsibilities consistent with his positions as are set forth in the Company’s
and Bank’s Bylaws or assigned by the Company’s and Bank’s Board of Directors (the “Board”) from time to time. The Executive shall report to the Board and shall devote his full business time, attention, skill and efforts to
the performance of his duties hereunder, except during periods of illness or periods of vacation and leaves of absence consistent with Employer policy. Further, the Executive’s service on the boards of directors (or similar body) of other
business or charitable entities is subject to the prior approval of the Board. The Employer shall have the right to require the Executive to resign from any board or similar body on which the Executive may then serve if the Board determines that
such activity (i) interferes with the effective discharge of the Executive’s duties and responsibilities to the Employer or that any business related to such service is then in competition with any business of the Company or the Bank,
their successors or assigns or (ii) could adversely affect the reputation of the Company or the Bank. 
 The Company shall nominate the
Executive for election as a director at such times as necessary so that the Executive will, if elected by shareholders, remain a director of the Company throughout the Term of this Agreement. The Board shall undertake every lawful effort to ensure
that the Executive continues throughout the term of employment to be elected or reelected as a director of the Bank. 

  
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 2. Term. Unless earlier terminated as provided herein, the Executive’s employment
under this Agreement shall be for the period commencing on the date hereof and ending on December 31, 2019 (the “Term”). On December 31, 2017 and each December 31st during the Term of this Agreement thereafter, the Term hereof
shall automatically be extended for an additional one-year period beyond the then-effective expiration date unless a written Notice of Termination from the Employer or the Executive is received 90 days prior
to such anniversary advising the other that this Agreement shall not be further extended. If either party provides timely notice of non-renewal of the Agreement, but the Executive continues to provide services
to the Employer as an employee, such post-expiration employment shall be deemed to be performed on an “at-will” basis and either party may thereafter terminate such employment with or without notice
and for any or no reason and without any obligations determined by reference to this Agreement, including Section 9. 
 3.
Compensation and Benefits. 
 (a) As of the date of this Agreement, the Employer shall pay the Executive an annual base salary rate
of $220,000, which shall be paid in accordance with the Employer’s standard payroll procedures as in effect from time to time. The Board (or an appropriate committee of the Board) shall evaluate the Executive’s performance at least
annually. While also taking into account any annual cost of living increases, the Board intends increase his compensation in an amount as determined by the Board upon favorable annual evaluations of the Employer’s and Executive’s
performance. 
 (b) The Executive will be eligible to participate in the Bank’s Annual Incentive Plan and any of the Bank’s
long-term or short-term incentive plans on the same terms and conditions and in relative magnitude to other senior executive officers of the Bank subject to the terms and conditions of such plans and, if applicable, the discretion of the Board in
determining the frequency and magnitude of discretionary bonuses under such plans. 
 (c) The Executive shall be entitled to defined benefit
retirement plan which provides that beginning upon his attaining age 62, subject to his satisfying the vesting requirements, the Executive shall receive for the next 20 years annual compensation of $25,000. Vesting of these benefits shall occur on
December 31, 2022, but such vesting shall be accelerated by a Change of Control. The Employer shall determine the method for funding such deferred compensation benefits. 

(d) The Executive shall be eligible to participate in the Company’s long-term equity incentive program or under any similar or successor
plan adopted by the Company under which eligible participants may be granted stock options, restricted stock, and other awards as determined by the Board. Any options or similar awards shall be issued to the Executive at an exercise price of not
less than the stock’s current fair market value (as determined in compliance with Treasury Regulation § 1.409A-1(b)(5)(iv)) as of the date of grant, and the number of shares subject to such grant
shall be fixed on the date of grant. 

  
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 (e) In addition to the benefits specifically described in this Agreement, the Executive shall
be eligible to participate in all retirement, disability, welfare, health, dental or other benefits plans or programs of the Employer now or hereafter applicable generally to employees of the Employer. The parties agree that the benefits stated in
this Section 3(d) shall be subject to the terms of such plans or programs applicable generally to employees of the Employer. 
 (f) The
Employer shall reimburse the Executive for reasonable and necessary travel, and other business expenses related to the Executive’s duties in accordance with the Employer’s business expense reimbursement policy; provided however that the
Executive shall, as a condition of any such reimbursement, submit verification of the nature and amount of such expenses in accordance with such reimbursement policies and in sufficient detail to comply with rules and regulations promulgated by the
United States Treasury Department. In addition, the Employer shall reimburse the Executive for educational expenses related to the Executive’s professional development and for membership in professional and civic organizations to the extent
such activities are consistent with the Employer’s strategic objectives. 
 All expenses eligible for reimbursements described in this
Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. All in-kind benefits described in this Section 3 must be provided by the Employer during the
Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after the last day of
the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement nor in-kind benefits is subject to liquidation or exchanges for other benefits. 

(g) The Executive shall be entitled to paid time off during each calendar year in accordance with (i) any banking rules or regulations
governing vacation and (ii) the paid time off policy of the Employer for senior executive officers, to be taken at such time or times as the Executive and the Employer shall mutually determine. Earned but unused paid time off shall be accrued
in accordance with the Employer’s paid time off policy. Any payments made by the Employer to the Executive as compensation in lieu of paid time off shall be paid in accordance with the Employer’s standard payroll procedures. 

(h) The Bank and the Company shall apportion any payments or benefits paid to the Executive pursuant to this Agreement among themselves as
they may agree from time to time in proportion to services actually rendered by the Executive for such entity; provided, however, that they must satisfy in full all such obligations in a timely manner as set forth in this Agreement regardless of any
agreed-upon apportionment. Executive’s receipt of satisfaction in full of any such obligation from the Company or the Bank shall extinguish the obligations of the other with respect to such obligation. 

(i) The Executive agrees to repay any compensation previously paid or otherwise made available to the Executive under this Agreement that is
subject to recovery under any applicable law (including any rule of any exchange or service through which the securities of the Company are then traded), including, but not limited to, the following circumstances: 

  
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 (i) where such compensation was in excess of what should have been paid or
made available because the determination of the amount due was based, in whole or in part, on materially inaccurate financial information of the Company or the Bank, including but not limited to, when the Company shall have a restatement of
financial results attributable to the Executive’s actions, whether intentional or negligent; 
 (ii) where such
compensation constitutes “excessive compensation” within the meaning of 12 C.F.R. Section 263; 
 (iii) where
the Executive has committed, is substantially responsible for, or has violated, the respective acts, omissions, conditions, or offenses outlined under 12 C.F.R. Section 359.4(a)(4); and 

(iv) if, while the Executive is also a senior executive officer of the Bank, the Bank becomes, and for so long as the Bank
remains, subject to the provisions of 12 U.S.C. Section 1831o(f), where such compensation exceeds the restrictions imposed on the senior executive officers of such an institution. 

The Executive agrees to return promptly any such compensation identified by the Employer by written notice provided pursuant to
Section 11. If the Executive fails to return such compensation promptly, the Executive agrees that the amount of such compensation may be deducted from any and all other compensation owed to the Executive by the Employer. If the Executive is
then employed by the Employer, the Executive acknowledges that the Employer may take appropriate disciplinary action (up to, and including, Termination of Employment) if the Executive fails to return such compensation. The Executive acknowledges the
Employer’s rights to engage in any legal or equitable action or proceeding in order to enforce the provisions of this Section 3(i). The provisions of this Section 3(i) shall be modified to the extent, and remain in effect for the
period, required by applicable law. 
 4. Termination. 

(a) The Executive’s employment under this Agreement may be terminated prior to the end of the Term of this Agreement, if applicable, only
as follows (each a “Terminating Event”): 
 (i) upon the death of the Executive. If the Executive’s employment
is terminated because of the Executive’s death, the Employer shall pay the Executive’s estate any sums due his as base salary or reimbursement of expenses through the end of the month during which death occurred in accordance with the
Employer’s standard payroll procedures. The Employer shall also pay the Executive’s estate any bonus earned through the date of death. Any bonus for previous years which was not yet paid will be paid pursuant to the terms as set forth in
Section 3(b) of this Agreement. Any bonus that is earned in the year of death will be paid on the earlier of (i) 70 days after the end of the year in which the Executive died or (ii) the first pay period following the Company’s press
release announcing its financial performance for the year in which the Executive died. To the extent that the bonus is performance-based, the amount of the bonus will be calculated by taking into account the performance of the Company for the entire
year and prorated through the date of the Executive’s death. 

  
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 (ii) if the Executive is Disabled and has been paid under the Employer’s
accident and health plan for a period of 90 days. During the period of any Disability leading up to the termination of the Executive’s employment under this provision, the Employer shall continue to pay the Executive his full base salary at the
rate then in effect and all perquisites and other benefits (other than any bonus) in accordance with the Employer’s standard payroll procedures until the Executive becomes eligible for benefits under any long-term disability plan or insurance
program maintained by the Employer; provided, however that, the amount of any such payments to the Executive shall be reduced by the sum of the amounts, if any, payable to the Executive for the same period under any other accident and health plan
disability benefit covering the Executive. Furthermore, the Employer shall pay the Executive any bonus earned through the date of onset of the physical or mental impairment that led to the Disability. Any bonus for previous years which was not yet
paid will be paid pursuant to the terms as set forth in Section 3(b) of this Agreement. Any bonus that is earned in the year which includes the date of onset of the physical or mental impairment that led to the Disability will be paid on the
earlier of (i) 70 days after the end of the year in which the Executive became Disabled or (ii) the first pay period following the Company’s press release announcing its financial performance for the year in which the Executive became
Disabled. 
 (iii) by the Employer for Cause upon delivery of a Notice of Termination to the Executive. If the
Executive’s employment is terminated for Cause under this provision, the Executive shall receive only any sums due his as base salary and reimbursement of expenses through the date of such termination, which shall be paid in accordance with the
Employer’s standard payroll procedures. 
 (iv) by the Employer without Cause or by the Executive for Good Reason prior
to a Change in Control or more than 12 months following a Change in Control upon delivery of a Notice of Termination. If the Executive’s employment is terminated without Cause or for Good Reason under this provision, subject to the possibility
of a six-month delay described below in Section 17 and receipt of the release described below in Section 4(b), the Executive shall be entitled to the following: 

(1) beginning on the first day of the month following date of the Executive’s termination, and continuing on the first day
of the month for the next 17 months, the Employer shall pay to the Executive severance compensation in an amount equal to 1/12th of his annual compensation. For this purpose annual compensation means (x) the Executive’s rate of base
salary when the termination occurs plus (y) the average of any cash bonuses or cash incentive compensation awarded for the last two calendar years ended immediately before the year in which the termination occurred, regardless of when
the bonuses or incentive compensation earned for the preceding calendar years were paid and regardless of whether all or part of the bonuses or incentive compensation were subject to elective deferral or vesting. The Employer shall also pay the
Executive any bonus 

  
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earned or accrued through the date of termination (including any amounts awarded for previous years but which were not yet vested). Any bonus for previous years which was not yet paid will be
paid pursuant to the terms as set forth in Section 3(b) of this Agreement. Any bonus that is earned in the year of the Executive’s termination will be paid on the earlier of (i) 70 days after the end of the year in which the
Executive’s employment was terminated or (ii) the first pay period following the Company’s press release announcing its financial performance for the year in which the Executive’s employment was terminated. To the extent that the
bonus is performance-based, the amount of the bonus will be calculated by taking into account the performance of the Bank for the entire year and prorated through the date of the Executive’s termination of employment; and 

(2) the Executive may continue participation, in accordance with the terms of the applicable benefits plans, in the
Employer’s group health plan pursuant to plan continuation rules under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). In accordance with COBRA, assuming the Executive is covered under the Employer’s group health
plan as of his date of termination, the Executive will be entitled to elect COBRA continuation coverage for the legally required COBRA period (the “Continuation Period”). If the Executive elects COBRA coverage for group health coverage, he
will be obligated to pay the portion of the full COBRA cost of the coverage equal to an active employee’s share of premiums for coverage for the respective plan year and the Employer’s share of such premiums shall be treated as taxable
income to the Executive. In addition, if the terms of the applicable plan documents do not allow the Employer to continue to provide COBRA coverage to the Executive and his covered dependents (if applicable), beyond the expiration of the
statutorily-proscribed COBRA period, the Employer shall make monthly cash payments to the Executive in an amount equal to the Employer’s share of the monthly COBRA premiums for coverage for the Executive for the last month of COBRA coverage,
such amounts to be paid for the duration of the period described in Section 9 hereof. Notwithstanding the above, the Employer’s obligations hereunder with respect to the foregoing benefits provided in this subsection (2) shall be
limited to the extent that if the Executive obtains any coverage pursuant to a subsequent employer’s benefit plans which duplicates the Employer’s coverage, the duplicative coverage may be terminated by the Employer. This subsection
(2) shall not be interpreted so as to limit any benefits to which the Executive, the Executive’s spouse, dependents or beneficiaries may be entitled under any of the Employer’s employee benefit plans, programs, or practices following
the Executive’s termination of employment, including, without limitation, retiree medical and life insurance benefits, provided that there shall be no duplication of benefits; and 

  
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 (3) Notwithstanding anything in this Agreement to the contrary, if the
Executive breaches Section 9 of this Agreement, he will not thereafter be entitled to receive any further compensation or benefits pursuant to Section 4(a)(iv) other than the right to participate in COBRA. 

(v) by the Executive effective upon the 30th day after delivery of a Notice of Termination. If the Executive resigns or retires
under this provision, the Executive shall receive any sums due his as base salary or reimbursement of expenses through the date of such termination, which shall be paid in accordance with the Employer’s standard payroll procedures. 

(vi) by the Employer without Cause within 12 months following a Change in Control upon delivery of a Notice of Termination to
the Executive or by the Executive for Good Reason within 12 months following a Change in Control. If the Executive desires to terminate this Agreement for Good Reason, he must deliver a Notice of Termination within a
90-day period beginning on the Good Reason event and the Employer shall have not less than 30 days to remedy this condition. If the Employer does not remedy this condition, the Executive’s employment
shall be terminated on the 30th day following the Executive’s delivery of his Notice of Termination. If the Executive’s employment is terminated pursuant to this provision, in addition to other rights and remedies available in law or
equity, subject to the possibility of a six-month delay described below in Section 17 and receipt of the release described below in Section 4(b), the Executive shall be entitled to the following:

 (1) the Employer shall pay the Executive in a single lump sum cash payment within 60 days of the date of termination
severance compensation in an amount equal to his then current annual compensation multiplied by 2, plus any bonus earned or accrued through the date of termination (including any amounts awarded for previous years but which were not yet vested). For
this purpose annual compensation means (x) the Executive’s rate of base salary when the Change in Control occurs plus (y) the average of any cash bonuses or cash incentive compensation awarded for the last two calendar
years ended immediately before the year in which the Change in Control occurred, regardless of when the bonuses or incentive compensation earned for the preceding calendar years were paid and regardless of whether all or part of the bonuses or
incentive compensation were subject to elective deferral or vesting; 
 (2) the Executive may continue participation, in
accordance with the terms of the applicable benefits plans, in the Employer’s group health plan pursuant to plan continuation rules under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). In accordance with COBRA, assuming
the Executive is covered under the Employer’s group health plan as of his date of termination, the Executive will be entitled to elect COBRA continuation coverage for the legally required COBRA period (the “Continuation Period”). If
the Executive elects COBRA coverage for group health coverage, he will be obligated to pay the portion of the full COBRA cost of the coverage equal to an active employee’s share of premiums for coverage for the respective plan year and the
Employer’s share of such premiums shall be treated as taxable income to 

  
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the Executive. In addition, if the terms of the applicable plan documents do not allow the Employer to continue to provide COBRA coverage to the Executive and his covered dependents (if
applicable), beyond the expiration of the statutorily-proscribed COBRA period, the Employer shall make monthly cash payments to the Executive in an amount equal to the Employer’s share of the monthly COBRA premiums for coverage for the
Executive for the last month of COBRA coverage, such amounts to be paid for the duration of the period described in Section 9 hereof. Notwithstanding the above, the Employer’s obligations hereunder with respect to the foregoing benefits
provided in this subsection (2) shall be limited to the extent that if the Executive obtains any coverage pursuant to a subsequent employer’s benefit plans which duplicates the Employer’s coverage, the duplicative coverage may be
terminated by the Employer. This subsection (2) shall not be interpreted so as to limit any benefits to which the Executive, the Executive’s spouse, dependents or beneficiaries may be entitled under any of the Employer’s employee
benefit plans, programs, or practices following the Executive’s termination of employment, including, without limitation, retiree medical and life insurance benefits, provided that there shall be no duplication of benefits; 

(3) the restrictions on any outstanding incentive awards (including restricted stock) granted to the Executive under the
Bank’s long-term equity incentive program or any other incentive plan or arrangement shall lapse and such awards shall become 100% vested and all stock options granted to the Executive shall become immediately exercisable and shall become 100%
vested; and 
 (4) Notwithstanding anything in this Agreement to the contrary, if the Executive breaches Section 9 of
this Agreement, he will not thereafter be entitled to receive any further compensation or benefits pursuant to Section 4(a)(vi) other than the right to participate in COBRA. 

(b) With the exceptions of the provisions of this Section 4, and the express terms of any benefit plan under which the Executive is a
participant, it is agreed that, upon termination of the Executive’s employment, the Employer shall have no obligation to the Executive for, and the Executive waives and relinquishes, any further compensation or benefits (exclusive of COBRA
benefits). Unless otherwise stated in this Section 4, the effect of termination on any outstanding incentive awards, stock options, stock appreciation rights, performance units, or other incentives shall be governed by the terms of the
applicable benefit or incentive plan and/or the agreements governing such incentives. Within 60 days of termination of the Executive’s employment, and as a condition to the Employer’s obligation to pay any severance hereunder, the Employer
and the Executive shall enter into a release in the form provided by the Employer, and Executive may not revoke such release within the revocation period stated in such release, which shall acknowledge such remaining obligations and discharge the
Employer and its officers, directors and employees with respect to their actions for or on behalf of the Employer, from any other claims or obligations arising out of or in connection with the Executive’s employment by the Employer, including
the circumstances of such termination. In addition, if such severance payment is made by the Employer, and if the 60-day period spans two calendar years, regardless of when such release is executed by the
Executive, such severance payment must be made in the subsequent calendar year, regardless of when the release is executed by the Executive. 

  
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 (c) As a condition to the Employer’s obligation to pay any amounts hereunder, regardless
of the reason for the termination of the Executive’s employment, the Executive shall resign as a director of the Company and any of its subsidiaries, if the Executive is then serving in any such position. 

(d) The parties intend that the severance payments and other compensation provided for herein are reasonable compensation for Executive’s
services to the Employer and shall not constitute “excess parachute payments” within the meaning of Section 280G of the Code. If the Employer’s independent accounting firm or independent tax counsel appointed by the Employer
(“Tax Counsel”) determine that any or the aggregate value (as determined pursuant to Section 280G of the Code) of all payments, distributions, accelerations of vesting, awards and provisions of benefits by the Employer to or for the
benefit of Executive (whether paid or payable, distributed or distributable, accelerated, awarded or provided pursuant to the terms of this Agreement or otherwise), (a “Payment”) would constitute an excess parachute payment and be subject
to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), such Payment shall be reduced to the least extent necessary so that no portion of the Payment shall be subject to the Excise Tax, but only if, by reason of such
reduction, the net after-tax benefit received by the Executive as a result of such reduction will exceed the net after-tax benefit that would have been received by the
Executive if no such reduction were made. The Payment shall be reduced by the Employer pursuant to the foregoing sentence in a manner that Tax Counsel determines maximizes the Executive’s economic position. In applying this principle, the
reduction shall be made in a manner consistent with the requirements of Section 409A of the Code, and where Tax Counsel determines that two economically equivalent amounts are subject to reduction but payable at different times, such amounts
shall be reduced on a pro rata basis but not below zero. If, however, such Payment is not reduced as described above, then such Payment shall be paid in full to the Executive and the Executive shall be responsible for payment of any Excise Taxes
relating to the Payment. 
 All calculations and determinations under this Section 4 shall be made by Tax Counsel whose determinations
shall be conclusive and binding on the Employer and the Executive for all purposes. For purposes of making the calculations and determinations required by this Section 4, the Tax Counsel may rely on reasonable, good faith assumptions and
approximations concerning the application of Section 280G and Section 4999 of the Code. The Employer and the Executive shall furnish Tax Counsel with such information and documents as Tax Counsel may reasonable request in order to make its
determinations under this Section. The Employer shall bear all costs the Tax Counsel may reasonably incur in connection with its services. In connection with making determinations under this Section, the Tax Counsel shall take into account the value
of any reasonable compensation for services to be rendered by the Executive before or after the Change in Control, including without limitation, the Executive’s agreeing to refrain from performing services pursuant to a covenant not to compete
or similar covenant, and the Employer shall cooperate in good faith in connection with any such valuations and reasonable compensation positions. 

  
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 (e) Notwithstanding anything contained in this Agreement to the contrary, 

(i) if the Executive is suspended or temporarily prohibited from participating, in any way or to any degree, in the conduct of
the Company’s or the Bank’s affairs by (1) a notice served under Section 8(e) or (g) of Federal Deposit Insurance Act (“FDIA”) (12 U.S.C. Section 1818 (e) or (g)) or (2) as a result of any other
regulatory or legal action directed at the Executive by any regulatory or law enforcement agency having jurisdiction over the Executive (each of the foregoing referred to herein as a “Suspension Action”), and if this Agreement is not
terminated, the Employer’s obligations under this Agreement shall be suspended as of the earlier of the effective date of such Suspension Action or the date on which the Executive was provided notice of the Suspension Action, unless stayed by
appropriate proceedings. If the charges underlying the Suspension Action are dismissed, the Employer shall (1) pay on the first day of the first month following such dismissal of charges (or as provided elsewhere in this Agreement) the
Executive all of the compensation withheld while the obligations under this Agreement were suspended; and (2) reinstate any such obligations which were suspended. 

(ii) if the Executive is removed or permanently prohibited from participating, in any way or to any degree, in the conduct of
the Company’s or the Bank’s affairs by (1) an order issued under Section 8(e)(4) or (g)(1) of the FDIA (12 U.S.C. Section 1818 (e)(4) or (g)(1)) or (2) any other legal or law enforcement action (each of the foregoing
referred to herein as a “Removal Action”), all obligations of the Executive under this Agreement shall terminate as of the effective date of the Removal Action, but any vested rights of the parties hereto shall not be affected. 

(iii) if the Company or the Bank is in default (as defined in Section 3(x)(1) of the FDIA, 12 U.S.C.
Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but this Section (4)(e) shall not affect any vested rights of the parties hereto. 

(iv) if the FDIC is appointed receiver or conservator under Section 11(c) of the FDIA (12 U.S.C. Section 1821(c)) of
any depository institution controlled by the Company, the Company shall have the right to terminate all obligations of the Company under this Agreement as of the date of such receivership or conservatorship, other than any rights of the Executive
that vested prior to such appointment. Any vested rights of the Executive may be subject to such modifications that are consistent with the authority of the FDIC. 

(f) If the FDIC provides open bank assistance under Section 13(c) of the FDIA (12 U.S.C. 1823(c)) to the Company or any depository
institution controlled by the Company, but excluding any such assistance provided to the industry generally, the Company shall have the right to terminate all obligations of the Company under this Agreement as of the date of such assistance, other
than any rights of the Executive that vested prior to the FDIC action. Any vested rights of the Executive may be subject to such modifications that are consistent with the authority of the FDIC. 

  
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 (g) If the FDIC requires a transaction under Section 13(f) or 13(k) of the FDIA (12
U.S.C. 1823(f) and (k)) by the Company or any depository institution controlled by the Company, the Company shall have the right to terminate all obligations of the Company under this Agreement as of the date of such transaction, other than any
rights of the Executive that vested prior to the transaction. Any vested rights of the Executive may be subject to such modifications that are consistent with the authority of the FDIC. 

(h) Notwithstanding anything contained in this Agreement to the contrary, any payments made to the Executive pursuant to this Agreement, or
otherwise, are subject to and conditioned upon their compliance with 12 U.S.C. Section 1828(k) and any regulations promulgated thereunder. In addition, all obligations under this Agreement are further subject to such conditions, restrictions,
limitations and forfeiture provisions as may separately apply pursuant to any applicable state banking laws. 
 (i) In the event that the
Company or the Bank is subject to Part 359 of the FDIC Rules and Regulations (12 C.F.R. Section 359, et seq.), then notwithstanding the timing for the payment of any severance amounts described in this Section 4, no such payments
shall be made or commence, as applicable, that require the concurrence or consent of the appropriate federal banking agency of the Company or the Bank pursuant to Part 359 prior to the receipt of such concurrence or consent. Any payments suspended
by operation of this Section 4(i) shall be paid as a lump sum within 30 days following receipt of the concurrence or consent of the appropriate federal banking agency of the Company or the Bank or as otherwise directed by such federal banking
agency. 
 5. Ownership of Work Product. The Employer shall own all Work Product arising during the course of the Executive’s
employment (prior, present or future). For purposes hereof, “Work Product” shall mean all intellectual property rights, including all Trade Secrets, U.S. and international copyrights, patentable inventions, and other intellectual property
rights in any programming, documentation, technology or other work product that relates to the Company or any Affiliates, their business or customers and that the Executive conceives, develops, or delivers to the Employer at any time during his
employment, during or outside normal working hours, in or away from the facilities of the Employer, and whether or not requested by the Employer. If the Work Product contains any materials, programming or intellectual property rights that the
Executive conceived or developed prior to, and independent of, the Executive’s work for the Employer, the Executive agrees to point out the pre-existing items to the Employer and the Executive grants the
Employer a worldwide, unrestricted, royalty-free right, including the right to sublicense such items. The Executive agrees to take such actions and execute such further acknowledgments and assignments as the Employer may reasonably request to give
effect to this provision. 
 6. Protection of Trade Secrets. The Executive agrees to maintain in strict confidence and, except as
necessary to perform his duties for the Employer, the Executive agrees not to use or disclose any Trade Secrets of the Company or any Affiliates during or after his employment. “Trade Secret” means information, including a formula,
pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list, that (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means
by other persons who can obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy. 

  
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 7. Protection of Other Confidential Information. In addition, the Executive agrees to
maintain in strict confidence and, except as necessary to perform his duties for the Employer, not to use or disclose any Confidential Business Information of the Company or any Affiliates during his employment and for a period of 36 months
following termination of the Executive’s employment. “Confidential Business Information” shall mean any internal, non-public information (other than Trade Secrets already addressed above)
concerning the Company’s or its Affiliate’s financial position and results of operations (including revenues, assets, net income, etc.); annual and long-range business plans, product or service plans; marketing plans and methods; training,
education and administrative manuals; customer and supplier information and purchase histories; and employee lists. The provisions of Sections 6 and 7 shall also apply to protect Trade Secrets and Confidential Business Information of third parties
provided to the Employer under an obligation of secrecy. 
 8. Return of Materials. The Executive shall surrender to the Employer,
promptly upon its request and in any event upon termination of the Executive’s employment, all media, documents, notebooks, computer programs, handbooks, data files, models, samples, price lists, drawings, customer lists, prospect data, or
other material of any nature whatsoever (in tangible or electronic form) in the Executive’s possession or control, including all copies thereof, relating to the Company or its Affiliates, their businesses or customers. Upon the request of the
Employer, the Executive shall certify in writing compliance with the foregoing requirement. 
 9. Restrictive Covenants. 

(a) No Solicitation of Customers. During the Executive’s employment with the Employer and for a period of 18 months thereafter,
the Executive shall not (except on behalf of or with the prior written consent of the Employer), either directly or indirectly, on the Executive’s own behalf or in the service or on behalf of others, (i) solicit, divert, or appropriate to
or for a Competing Business, or (ii) attempt to solicit, divert, or appropriate to or for a Competing Business any person or entity that is or was a customer of the Company or any of its Affiliates on the date of termination and with whom the
Executive has had material contact. 
 (b) No Recruitment of Personnel. During the Executive’s employment with the Employer and
for a period of 18 months thereafter, the Executive shall not, either directly or indirectly, on the Executive’s own behalf or in the service or on behalf of others, (i) solicit, divert or hire away; or (ii) attempt to solicit,
divert, or hire away to any Competing Business, any employee of or consultant to the Company or any of its Affiliates engaged or experienced in the Business, regardless of whether the employee or consultant is full-time or temporary, the employment
or engagement is pursuant to written agreement, or the employment is for a determined period or is at will. 

  
 12 

 Execution Version 

 

 (c) Non-Competition Agreement. During the
Executive’s employment with the Employer and for a period of 18 months thereafter, the Executive shall not (without the prior written consent of the Employer) compete with the Company or any of its Affiliates by, directly or indirectly,
forming, serving as an organizer, director or officer of, or consultant to, or acquiring or maintaining more than a 1% passive investment in, a depository financial institution or holding company therefor if such depository institution or holding
company has one or more offices or branches located in the Territory. Notwithstanding the foregoing, the Executive may serve as an officer of or consultant to a depository institution or holding company therefor even though such institution operates
one or more offices or branches in the Territory, if the Executive’s employment does not directly involve, in whole or in part, the depository financial institution’s or holding company’s operations in the Territory. 

(d) No Solicitation of Referrals from SmartBiz Loans. During the Executive’s employment with the Employer and for a period of 18
months thereafter, the Executive shall not (without the prior written consent of the Employer) attempt to solicit or divert referrals of SBA 7(a) loans from Better Finance, Inc. d/b/a SmartBiz Loans (and its successors or assigns that provide an
online marketplace for SBA 7(a) loans) to any Competing Business. 
 10. Independent Provisions. The provisions in each of the above
Sections 9(a), 9(b), 9(c), and 9(d) are independent, and the unenforceability of any one provision shall not affect the enforceability of any other provision. 

11. Withholding. The Employer may deduct from each payment of compensation hereunder all amounts required to be deducted and withheld
in accordance with applicable federal and state income, FICA and other withholding requirements. 
 12. Successors; Binding
Agreement. The rights and obligations of this Agreement shall bind and inure to the benefit of the surviving entity in any merger or consolidation in which the Company or the Bank is a party, or any assignee of all or substantially all of the
Company’s or the Bank’s business and properties. The Executive’s rights and obligations under this Agreement may not be assigned by him, except that his right to receive accrued but unpaid compensation, unreimbursed expenses and other
rights, if any, provided under this Agreement, which survive termination of this Agreement shall pass after death to the personal representatives of his estate. 

13. Notice. For the purposes of this Agreement, notices and all other communications provided for in this Agreement shall be in writing
and shall be deemed to have been duly given when (i) delivered by hand, (ii) otherwise delivered against receipt therefore, or (iii) sent by overnight courier, signature required. In addition, transmission by facsimile, email or other
form of electronic transmission, each against receipt therefore, shall be deemed to constitute due and sufficient delivery. All notices to the Employer shall be directed to the attention of the Employer at 700 Central Avenue, Suite 102, St.
Petersburg, FL 33701, Attention: Compensation Committee Chairman, with a copy to the Secretary(ies) of the Company and the Bank. All notices to the Executive shall be directed to his personal residence address noted in the Employer’s human
resources records. All notices and communications shall be deemed to have been received on the date of delivery thereof. 

  
 13 

 Execution Version 

 

 14. Governing Law; Jury Trial Waiver. This Agreement and all rights hereunder shall be
governed by the laws of the State of Florida, except to the extent governed by the laws of the United States of America in which case federal laws shall govern. The parties agree that the appropriate state or federal court located in Pinellas
County, Florida shall be the exclusive jurisdiction and venue of any case or controversy arising out of or relating to this Agreement or the Executive’s employment with Employer. In addition, the Employer and the Executive agree that in any
litigation action or proceeding arising out of or relating to this Agreement or the Executive’s employment with the Employer, trial shall be in a court of competent jurisdiction without a jury. The Employer and the Executive irrevocably waive
any right each may have to a jury trial and a copy of this Agreement may be introduced as written evidence of the waiver of the right to trial by jury. The Employer has not made and the Executive has not relied on, any oral representation regarding
the enforceability of this provision. The Employer and the Executive have read and understand the effect of this jury waiver provision. 

15. Non-Waiver. Failure of the Employer to enforce any of the provisions of this Agreement or
any rights with respect thereto shall in no way be considered to be a waiver of such provisions or rights, or in any way affect the validity of this Agreement. 

16. Saving Clause. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision
shall not affect the validity or enforceability of the other provisions hereof. If any provision or clause of this Agreement, or portion thereof, shall be held by any court or other tribunal of competent jurisdiction to be illegal, void, or
unenforceable in such jurisdiction, the remainder of such provision shall not be thereby affected and shall be given full effect, without regard to the invalid portion. It is the intention of the parties that, if any court construes any provision or
clause of this Agreement, or any portion thereof, to be illegal, void, or unenforceable because of the duration of such provision or the area or matter covered thereby, such court shall reduce the duration, area, or matter of such provision, and, in
its reduced form, such provision shall then be enforceable and shall be enforced. The Executive and the Employer hereby agree that they will negotiate in good faith to amend this Agreement from time to time to modify the terms of Sections 9(a),
9(b), 9(c) or 9(d), the definition of the term “Territory,” and the definition of the term “Business,” to reflect changes in the Employer’s business and affairs so that the scope of the limitations placed on the
Executive’s activities by Section 9 accomplishes the parties’ intent in relation to the then current facts and circumstances. Any such amendment shall be effective only when completed in writing and signed by the Executive and the
Employer. 
 17. Compliance with Internal Revenue Code Section 409A. All payments that may be made and benefits
that may be provided pursuant to this Agreement are intended to qualify for an exclusion from Section 409A of the Code and any related regulations or other pronouncements thereunder and, to the extent not excluded, to meet the requirements of
Section 409A of the Code. Any payments made under Sections 3 and 4 of this Agreement which are paid on or before the last day of the applicable period for the short-term deferral exclusion under Treasury Regulation § 1.409A-1(b)(4) are intended to be excluded under such short-term deferral exclusion. Any remaining payments under Sections 3 and 4 are intended to qualify for the exclusion for separation pay plans under Treasury
Regulation § 1.409A-1(b)(9). Each payment made under Sections 3 and 4 shall be treated as a “separate payment”, as defined in Treasury Regulation §
1.409A-2(b)(2), for purposes of Code Section 409A. Further, notwithstanding anything to the contrary, all severance payments payable under the provisions of Section 4 shall

  
 14 

 Execution Version 

 

 
be paid to the Executive no later than the last day of the second calendar year following the calendar year in which occurs the date of Executive’s termination of employment. None of the
payments under this Agreement are intended to result in the inclusion in Executive’s federal gross income on account of a failure under Section 409A(a)(1) of the Code. The parties intend to administer and interpret this Agreement to carry
out such intentions. However, the Employer does not represent, warrant or guarantee that any payments that may be made pursuant to this Agreement will not result in inclusion in the Executive’s gross income, or any penalty, pursuant to
Section 409A(a)(1) of the Code or any similar state statute or regulation. Notwithstanding any other provision of this Agreement, to the extent that the right to any payment (including the provision of benefits) hereunder provides for the
“deferral of compensation” within the meaning of Section 409A(d)(1) of the Code, and if the Executive is a “Specified Employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code on the date of the
Executive’s termination (the “Separation Date”), and if an exemption from the six month delay requirement of Code Section 409A(a)(2)(B)(i) is not available, then no such payment that is payable on account of the Executive’s
termination shall be made or commence during the period beginning on the Separation Date and ending on the date that is six months following the Separation Date or, if earlier, on the date of the Executive’s death. The amount of any payment
that would otherwise be paid to the Executive during this period shall instead be paid to the Executive on the first day of the first calendar month following the end of the period. 

18. Compliance with the Dodd–Frank Wall Street Reform and Consumer Protection Act. Notwithstanding anything to the contrary
herein, any incentive payments to the Executive shall be limited to the extent required under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), including, but not limited to, clawbacks for such incentive
payments as required by the Dodd-Frank Act and Section 10D of the Securities Exchange Act of 1934. The Executive agrees to such amendments, agreements, or waivers that are required by the Dodd-Frank Act or requested by the Employer to comply
with the terms of the Dodd-Frank Act. 
 19. Compliance with Regulatory Restrictions. Notwithstanding anything to the contrary
herein, and in addition to any restrictions stated above, any compensation or other benefits paid to the Executive shall be limited to the extent required by any federal or state regulatory agency having authority over the Company or, if applicable,
the Bank. The Executive agrees that compliance by the Company or the Bank with such regulatory restrictions, even to the extent that compensation or other benefits paid to the Executive are limited, shall not be a breach of this Agreement by the
Company or the Bank.  
 20. Certain Definitions. 

(a) “Affiliate” shall mean any business entity controlled by, controlling or under common control with the Company, including
but not limited to the Bank. 
 (b) “Business” shall mean the operation of a depository financial institution, including,
without limitation, the solicitation and acceptance of deposits of money and commercial paper, the solicitation and funding of loans (including SBA 7(a) loans) and the provision of other banking services, and any other related business engaged in by
the Bank or any of its Affiliates as of the date of termination. 

  
 15 

 Execution Version 

 

 (c) “Cause” shall consist of any of (i) the commission by the Executive
of a willful act (including, without limitation, a dishonest or fraudulent act) or a grossly negligent act, or the willful or grossly negligent omission to act by the Executive, which is intended to cause, does cause or is reasonably likely to cause
material harm to the Company or any Affiliate (including harm to its business reputation); (ii) the indictment of the Executive for the commission or perpetration by the Executive of any felony or any crime involving dishonesty, moral turpitude or
fraud; (iii) the material breach by the Executive of this Agreement that, if susceptible of cure, remains uncured 10 days following written notice to the Executive of such breach; (iv) the receipt of any formal written notice that any
regulatory agency having jurisdiction over the Company or the Bank intends to institute any form of formal regulatory action against the Executive, the Company or the Bank (provided that the Board determines in good faith, with the Executive
abstaining from participating in the consideration of and vote on the matter, that the subject matter of such action involves acts or omissions by the Executive and further provided that, the parties acknowledge that any regulatory action currently
issued to the Company or the Bank shall not constitute the basis for a determination of cause by the Board); (v) the exhibition by the Executive of a standard of behavior within the scope of his employment that is materially disruptive to the
orderly conduct of the Employer’s business operations (including, without limitation, substance abuse or sexual misconduct) to a level which, in the Board’s good faith and reasonable judgment, with the Executive abstaining from
participating in the consideration of and vote on the matter, is materially detrimental to the Employer’s best interest, that, if susceptible of cure remains uncured 10 days following written notice to the Executive of such specific
inappropriate behavior; or (vi) the failure of the Executive to devote his full business time and attention to his employment as provided under this Agreement that, if susceptible of cure, remains uncured 30 days following written notice to the
Executive of such failure. In order for the Board of Directors to make a determination that termination shall be for Cause, the Board must provide the Executive with notice of the grounds providing the purported basis for termination and provide the
Executive an opportunity to meet with the Board in person to address the proposed grounds. The Board reserves the right to suspend the Executive with pay pending the determination of Cause under this Section 20(c), as appropriate. 

(d) “Change in Control” shall mean as defined by Treasury Regulation §
1.409A-3(i)(5), of either the Bank or the Company. 
 (e) “Code” shall mean the
Internal Revenue Code of 1986. 
 (f) “Competing Business” shall mean any business that, in whole or in part, is the same
or substantially the same as the Business. 
 (g) “Disability” or “Disabled” shall mean as defined by
Treasury Regulation § 1.409A-3(i)(4); provided however that, for purposes of this definition, the accident and health plan covering the Executive shall only be the long term disability plan and not any
other the accident and health plan. 
 (h) “Good Reason” shall mean as defined by Treasury Regulation § 1.409A-1(n)(2)(ii). 

  
 16 

 Execution Version 

 

 (i) “Notice of Termination” shall mean a written notice of termination from
the Employer or the Executive which specifies an effective date of termination (not less than 30 days from the date of the notice), indicates the specific termination provision in this Agreement relied upon and sets forth in reasonable detail the
facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated. 

(j) “Standard payroll procedures” shall mean payment no less frequently than monthly. 

(k) “Terminate,” “terminated,” “termination,” or “termination of the
Executive’s employment” shall mean separation from service as defined by Treasury Regulation § 1.409A-1(h). 

(l) “Territory” shall mean a radius of 50 miles from (i) the main office of the Bank or (ii) any branch or loan
production office of the Bank. 
 21. Indemnification. Notwithstanding anything in the articles of incorporation or bylaws of the
Company or the Bank to the contrary, the Executive shall at all times during the Executive’s employment by the Company or the Bank, and after such employment, be indemnified by such entities to the fullest extent applicable law permits for any
matter in any way relating to the Executive’s affiliation with the Company or the Bank; provided, however, that if the Company or the Bank shall have terminated the Executive’s employment for Cause, then neither the Company or the Bank
shall have any obligation whatsoever to indemnify the Executive for any claim arising out of the matter for which the Executive’s employment shall have been terminated for Cause or for any conduct of the Executive not within the scope of the
Executive’s duties under this Agreement. 
 22. Entire Agreement; Waiver and Release. This Agreement supersedes and replaces in
their entirety any and all previous agreements between the Executive and the Employer regarding compensation or terms of employment of the Executive, and any other agreements regarding change in control payments or severance payments and benefits.

 23. Survival. The obligations of the parties pursuant to Sections 3(i), 5 through 9, and 12, as applicable, shall survive the
Executive’s Termination of Employment hereunder for the period designated under each of those respective sections. 
 24.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 

[signatures appear on following page] 

  
 17 

 Execution Version 

 

 IN WITNESS WHEREOF, the Company and the Bank each have caused this Agreement to be executed
and its seal to be affixed hereunto by its respective officers thereunto duly authorized and the Executive has signed and sealed this Agreement, effective as of the date described above. 

 

									
		 		 	FIRST HOME BANCORP, INC.
	ATTEST:	 		 	
					
	By:	 	 /s/ Matthew A. McDonald
	 		 	By:	 	 /s/ Anthony Saravanos

	Name:	 	Matthew A. McDonald	 		 	Name:	 	Anthony Saravanos
		 		 		 	Title:	 	Chairman
			
		 		 	FIRST HOME BANK
	ATTEST:	 		 	
					
	By:	 	 /s/ Matthew A. McDonald
	 		 	By:	 	 /s/ Anthony Saravanos

	Name:	 	Matthew A. McDonald	 		 	Name:	 	Anthony Saravanos
		 		 		 	Title:	 	Director
			
		 		 	EXECUTIVE
				
		 		 		 	 /s/ Anthony N. Leo

		 		 		 	Anthony N. Leo

  
 18EX-10.2

 Exhibit 10.2 

Execution Version 
 FIRST
HOME BANK 
 SALARY CONTINUATION AGREEMENT 

This Salary Continuation Agreement (this “Agreement”) is entered into this 18th day of April, 2017, by and between First Home Bank,
a banking corporation organized under the laws of the State of Florida (the “Bank”), and Anthony N. Leo (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 Bank. This Agreement shall be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security
Act of 1974 (“ERISA”), as amended from time to time. 
 Article 1 

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

	1.1	 “Accrual Balance” means the liability that should be accrued by the Bank, under Generally
Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement, calculated by applying Accounting Standards Codification 710-10 and the Discount Rate.
Any one of a variety of amortization methods may be used to determine the Accrual Balance. However, once chosen, the method must be consistently applied. 

  

	1.2	 “Beneficiary” means each designated person or entity, or the estate of the deceased Executive
entitled to benefits, if any, upon the death of the Executive. 

  

	1.3	 “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. 

  

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

  

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

 

	1.6	 “Company” means the Bank’s parent corporation, First Home Bancorp, Inc.

  

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

 Execution Version 

 

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

  

	1.9	 “Discount Rate” means the rate used by the Plan Administrator for determining the Accrual
Balance. The initial Discount Rate is four and one half percent (4.5%). However, the Plan Administrator, in its discretion, may adjust the Discount Rate to maintain the rate within reasonable
standards according to GAAP and/or applicable bank regulatory guidance. 

  

	1.10	 “Early Termination” means Separation from Service before attainment of Normal Retirement Age
except when such Separation from Service occurs following a Change in Control or due to death, Disability or Termination for Cause. 

  

	1.11	 “Effective Date” means April 1, 2017. 

 

	1.12	 “Normal Retirement Age” means the Executive’s age
sixty-two (62). 

  

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

  

	1.14	 “Plan Year” means each twelve (12) month period commencing on January 1 and ending
on December 31 of each year. The first Plan Year shall be from April 1, 2017 to December 31, 2017. 

  

	1.15	 “Separation from Service” means termination of the Executive’s employment with the Bank
for reasons other than death. Whether a Separation from Service has occurred is determined in accordance with the requirements of Code Section 409A based on whether the facts and circumstances indicate that the Bank and Executive reasonably
anticipated that no further services would be performed after a certain date or that the level of bona fide services the Executive would perform after such date (whether as an employee or as an independent contractor) would permanently decrease to
no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding thirty-six (36) month period (or
the full period of services to the Bank if the Executive has been providing services to the Bank less than thirty-six (36) months). 

  

 Execution Version 

 

  

	1.16	 “Specified Employee” means an employee who at the time of Separation from Service is a key
employee, if any stock of the Bank or the Company is publicly traded on an established securities market or otherwise. For purposes of this Agreement, an employee is a key employee if the employee meets the requirements of Code
Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the regulations thereunder and disregarding section 416(i)(5)) at any time during the twelve (12) month period ending on December 31 (the “identification
period”). If the employee is a key employee during an identification period, the employee is treated as a key employee for purposes of this Agreement during the twelve (12) month period that begins on the first day of April following the
close of the identification period. 

  

	1.17	 “Termination for Cause” means Separation from Service for: 

 

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

 

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

  

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

 Provided however
that, if the Executive is party to an effective severance or employment agreement existing on the date hereof or hereafter entered into between the Executive and the Bank containing a definition for termination for cause, then Termination for Cause
shall have the meaning specified in such agreement. 
 Article 2 

Distributions During Lifetime 
  

	2.1	 Normal Retirement Benefit. Upon Separation from Service after attaining Normal Retirement Age, the Bank
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 Twenty-Five Thousand Dollars
($25,000).  

  

	 	2.1.2	 Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twenty
(20) equal annual installments commencing on the first day of the first month following Separation from Service. The annual benefit shall be distributed to the Executive for twenty (20) years. 

 

	2.2	 No Early Termination Benefit. If Early Termination occurs before December 31, 2022, the Executive
will not receive any benefit under this Agreement. 

  

 Execution Version 

 

	2.3	 Disability Benefit. If the Executive experiences a Disability before Normal Retirement
Age, the Bank shall pay to the Executive the benefit described in this section 2.3 instead of any other benefit under this Agreement. 

  

	 	2.3.1	 Amount of Benefit. The benefit under this Section 2.3 is one hundred percent (100%)
of the Accrual Balance determined as of the end of the month preceding such Disability. 

  

	 	2.3.2	 Distribution of Benefit. The Bank shall distribute the benefit to the Executive in twenty
(20) equal annual installments commencing on the first day of the first month following Disability. Interest shall be credited on the Accrual Balance during the installment period at a rate equal to the Discount Rate in effect at the time of
Disability. 

  

	2.4	 Change in Control Benefit. If a Change in Control occurs prior to Normal Retirement Age, followed
by Separation from Service, the Bank 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 annual benefit under this Section 2.4 is the annual benefit
described in Section 2.1.1, above. 

  

	 	2.4.2	 Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive as
described in Section 2.1.1, above. 

  

	2.5	 Restriction on Commencement of Distributions. Notwithstanding any provision of this Agreement to the
contrary, if the Executive is considered a Specified Employee, the provisions of this Section 2.5 shall govern all distributions hereunder. If benefit distributions which would otherwise be made to the Executive due to Separation from Service
are limited because the Executive is a Specified Employee, then such distributions shall not be made during the first six (6) months following Separation from Service. Rather, any distribution which would otherwise be paid to the Executive
during such period shall be accumulated and paid to the Executive in a lump sum on the first day of the seventh month following Separation from Service. All subsequent distributions shall be paid in the manner specified. 

 

	2.6	 Distributions Upon Taxation of Amounts Deferred. If, pursuant to Code Section 409A, the Federal
Insurance Contributions Act or other state, local or foreign tax, the Executive becomes subject to tax on the amounts deferred hereunder, then the Bank may make a limited distribution to the Executive in a manner that conforms to the requirements of
Code section 409A. Any such distribution will decrease the Executive’s benefits distributable under this Agreement. 

  

 Execution Version 

 

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

 

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

  

	 	(b)	 must, for benefits distributable under Sections 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, 2.3 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 prior to Separation from Service, the Bank shall
distribute to the Beneficiary the benefit described in this Section 3.1. This benefit shall be distributed in lieu of any benefit under Article 2. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate
prior to receiving any payment under this Section 3. 

  

	 	3.1.1	 Amount of Benefit. The benefit under this Section 3.1 is present value, using the Discount Rate in
effect at death, of the benefit described in Section 2.3.1, above; provided however, that if at the time of the Executive’s death the Bank receives death benefits under a life insurance policy it purchased on the Executive’s
life in the amount of at least the present value of the Normal Retirement Benefit described in Section 2.1, then the amount of the benefit under this Section 3.1.1 shall be the present value of the Normal Retirement Benefit described in
Section 2.1, payable in accordance with Section 3.1.2 below. 

  

	 	3.1.2	 Distribution of Benefit. The Bank shall distribute the benefit to the Beneficiary in a lump sum within
sixty (60) days following the Executive’s death. 

  

	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 Bank shall distribute to the Beneficiary the present value, using the Discount Rate in effect at death, of the remaining benefits in a lump sum within sixty
(60) days following the Executive’s death. 

  

	3.3	 Death Before Benefit Distributions Commence. If the Executive is entitled to benefit
distributions under this Agreement but dies prior to the date that commencement of such benefit distributions are scheduled to be made under this Agreement, the Bank shall distribute to the Beneficiary the present value at Normal Retirement Age,
using the Discount Rate in effect at death, of the same benefits which the Executive was entitled prior to death, except that the benefit distribution shall be paid in a lump sum within sixty (60) days following the Executive’s death.

  

 Execution Version 

 

 Article 4 

Beneficiaries 
  

	4.1	 In General. 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 designated under any other plan of the Bank in which the Executive
participates. 

  

	4.2	 Designation. 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. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Plan Administrator may, in its sole discretion, determine that spousal
consent is required to be provided in a form designated by the Plan Administrator, executed by the Executive’s spouse and returned to the Plan Administrator. 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. 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. 

 

	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, any benefit shall be paid to 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 Beneficiary, as the case may be, and shall completely discharge any liability under this Agreement for such distribution amount. 

  

 Execution Version 

 

 Article 5 

General Limitations 
  

	5.1	 Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, the Bank shall
not distribute any benefit under this Agreement if the Executive’s employment with the Bank is terminated by the Bank or an applicable regulator due to a Termination for Cause. 

 

	5.2	 Suicide or Misstatement. No benefit shall be distributed if the Executive commits suicide within two
(2) years after the Effective Date, or if an insurance company which issued a life insurance policy covering the Executive and owned by the Bank 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	 Removal. Notwithstanding any provision of this Agreement to the contrary, the Bank shall not
distribute any benefit under this Agreement if the Executive is subject to a final removal or prohibition order issued by an appropriate federal banking agency pursuant to Section 8(e) of the Federal Deposit Insurance Act.

  

	5.4	 Regulatory Restrictions. Notwithstanding anything herein to the contrary, any payments made to the
Executive pursuant to this Agreement, or otherwise, shall be subject upon compliance with 12 U.S.C. 1828 and FDIC Regulation 12 CFR Part 359, Golden Parachute Indemnification Payments and any other regulations or guidance promulgated thereunder.

  

	5.5	 Forfeiture Provision. Notwithstanding anything herein to the contrary, the Executive shall forfeit any non-distributed benefits under this Agreement if he violates a noncompetion restrictive covenant under any effective severance or employment agreement existing on the date hereof or hereafter entered into between
the Executive and the Bank containing such a covenant. If the Executive is not party to an effective severance or employment agreement existing on the date hereof or hereafter entered into between the Executive and the Bank containing a noncompetion
restrictive covenant, then the Executive shall forfeit any non-distributed benefits under this Agreement if within twelve (12) months following a Separation from Service, he, directly or indirectly,
either as an individual or as a proprietor, stockholder, partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of three percent
(3%) or less in the stock of a publicly-traded company): 

 (i) becomes employed by, participates in, or becomes connected
in any manner with the ownership, management, operation or control of any bank, savings and loan or other similar financial institution if the Executive’s responsibilities will include providing banking or other financial services within fifty
(50) miles of any office maintained by the Bank as of the date of the termination of the Executive’s employment; 

  

 Execution Version 

 

 (ii) participates in any way in hiring or otherwise engaging, or assisting any other person
or entity in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Bank as of the date of termination of the Executive’s employment; 

(iii) assists, advises, or serves in any capacity, representative or otherwise, any third party in any action against the Bank or the Company
or transaction involving the Bank or the Company; 
 (iv) sells, offers to sell, provides banking or other financial services, assists any
other person in selling or providing banking or other financial services, or solicits or otherwise competes for, either directly or indirectly, any orders, contract, or accounts for services of a kind or nature like or substantially similar to the
financial services performed or financial products sold by the Bank (the preceding hereinafter referred to as “Services”), to or from any person or entity from whom the Executive or the Bank, to the knowledge of the Executive provided
banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the two (2) year period immediately prior to the termination of the Executive’s employment; 

(v) divulges, discloses, or communicates to others in any manner whatsoever, any confidential information of the Bank or the Company, to the
knowledge of the Executive, including, but not limited to, the names and addresses of customers or prospective customers, of the Bank, as they may have existed from time to time, of work performed or services rendered for any customer, any method
and/or procedures relating to projects or other work developed for the Bank, earnings or other information concerning the Bank. The restrictions contained in this subparagraph (v) apply to all information regarding the Bank or the Company,
regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, all information referred to herein shall not be disclosed unless and until it becomes known to the general public from sources other than
the Executive. 
  

	5.6	 Change in Control. The forfeiture provision detailed in Section 5.5 hereof shall not be enforceable
following a Change in Control. 

 Article 6 

Administration of Agreement 
  

	6.1	 Plan Administrator Duties. 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 this Agreement to the extent the exercise of such discretion and authority does not conflict with Code Section 409A. 

  

 Execution Version 

 

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

 

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

  

	6.4	 Indemnity of Plan Administrator. The Bank shall indemnify and hold harmless 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. 

 

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

  

	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	 Claims Procedure. An Executive or Beneficiary (“claimant”) who has not received benefits under
this Agreement that he or she believes should be distributed shall make a claim for such benefits as follows: 

  

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

 

	 	7.1.2	 Timing of Plan Administrator Response. The Plan Administrator shall respond to such claimant
within ninety (90) days after receiving the claim. If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an

  

 Execution Version 

 

	 	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 Plan Administrator expects to render its decision. 

  

	 	7.1.3	 Notice of Decision. If the Plan Administrator denies part or all of the claim, the Plan Administrator
shall notify the claimant in writing of such denial. The Plan Administrator 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. 

  

	7.2	 Review Procedure. If the Plan Administrator denies part or the entire claim, the claimant shall have the
opportunity for a full and fair review by the Plan Administrator of the denial as follows: 

  

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

  

	 	7.2.2	 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 Plan Administrator 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. 

  

	 	7.2.3	 Considerations on Review. In considering the review, the Plan Administrator 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. 

 

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

  

 Execution Version 

 

	 	7.2.5	 Notice of Decision. The Plan Administrator shall notify the claimant in writing of its decision on
review. The Plan Administrator 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).

 Article 8 

Amendments and Termination 
  

	8.1	 Amendments. The Bank may unilaterally amend this Agreement at any time prior to Termination of
Employment by providing written notice of such amendment to the Executive. Notwithstanding anything herein to the contrary, the Executive’s written consent shall be required with respect to any amendment provision which would lower the amount
of the Executive’s benefit under 2.1.1, 2.3.1, or 2.4.1 below the Accrual Balance determined as of the end of the month prior to such amendment unless such amendment is required to conform with written directives to the Bank from its auditors
or banking regulators or to comply with legislative changes or tax law, including without limitation Code Section 409A. 

  

	8.2	 Termination or Modification of Agreement Because of Changes in Law, Rules or Regulations. The Bank is
entering into this Agreement on the assumption that certain existing tax laws, rules, and regulations will continue in effect in their current form. If that assumption materially changes and the change has a material detrimental effect on this
Agreement, then the Bank reserves the right to terminate or modify this Agreement accordingly, subject to the written consent of the Executive, which shall not be unreasonably withheld. This Section 8.2 shall become null and void effective
immediately upon a Change in Control. 

  

 Execution Version 

 

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

  

	 	(a)	 Within thirty (30) days before or twelve (12) months after a Change in Control, provided that all
distributions are made no later than twelve (12) months following such termination of this Agreement and further provided that all the Bank’s arrangements which are substantially similar to this 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 such termination;

  

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

  

	 	(c)	 Upon the Bank’s termination of this and all other 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 Bank, (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 Bank does not adopt any new arrangement that would be a Similar Arrangement for a minimum of three (3) years following the date the Bank takes all necessary action to irrevocably terminate and liquidate the Agreement;

 the Bank may distribute the Accrual Balance, determined as of the date of the termination of this 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 Bank 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 Bank nor interfere with the Bank’s right to discharge the Executive. It 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 Bank shall withhold any taxes that are required to be withheld,
including but not limited to taxes owed under Code Section 409A from the benefits provided under this Agreement. The Executive acknowledges that the Bank’s sole liability regarding taxes is to forward any amounts withheld to the
appropriate taxing authorities. The Bank shall satisfy all applicable reporting requirements, including those under Code Section 409A. 

  

 Execution Version 

 

	9.5	 Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of the State of
Florida 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 Bank for
the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, attachment or garnishment by creditors. Any insurance on the Executive’s life or other informal funding asset is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

  

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

  

	9.8	 Entire Agreement. This Agreement constitutes the entire agreement between the Bank 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 Bank or the Plan Administrator to
perform any act required by this Agreement due to regulatory or other constraints, the Bank or Plan Administrator may perform such alternative act as most nearly carries out the intent and purpose of this Agreement and is in the best interests of
the Bank, provided that such alternative act does not violate Code Section 409A. 

  

	9.11	 Headings. Article and section headings are for convenient reference only and shall not control or affect
the meaning or construction of any provision herein. 

  

	9.12	 Validity. If 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 or invalid provision had never been included herein. 

 

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

  

					
		  	700 Central Avenue, Suite 102	 	
		  	St. Petersburg, FL 33701	 	
		  	Attn: Compensation Committee Chairman	 	

  

 Execution Version 

 

 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 in 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 be interpreted and administered
consistent with Code Section 409A. Each payment made under Articles 2 and 3 shall be treated as a “separate payment”, as defined in Treasury Regulation § 1.409A-2(b)(2), for purposes of
Code Section 409A. If any provision of this Agreement would subject the Executive to additional tax or interest under Code Section 409A, the Bank shall reform the provision. However, the Bank shall maintain to the maximum extent
practicable the original intent of the applicable provision without subjecting the Executive to additional tax or interest, and the Bank shall not be required to incur any additional compensation expense as a result of the reformed provision.

  

 Execution Version 

 

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

					
	EXECUTIVE:	 	 	 	BANK:
			
		 		 	First Home Bank
			
	/s/ Anthony N. Leo	 		 	 /s/ Anthony Saravanos

	Anthony N. Leo	 		 	 By: Anthony Saravanos

		 		 	Title: Director

  

 First Home Bank 

Salary Continuation Agreement 
 Beneficiary Designation Form 

 
  

 
 {    
}        New Designation 
 {     }        Change in
Designation 
 I, Anthony N. Leo, designate the following as Beneficiary under this Agreement: 

 

					
	 Primary:

_______________________________________________________________________________________

 

_______________________________________________________________________________________

 
	  	   
 
	 _____% 
 _____%
	   
  

	 Contingent:

_______________________________________________________________________________________

 

_______________________________________________________________________________________
	  	   
 
	 _____% 
 _____%
	   
  

 Notes: 
  

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

 

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

  

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

  

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

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

	
	Name: Anthony N. Leo
	
	Signature:    __________________________                Date ______
	
	Received by the Plan Administrator this ______________ day of ____________, 200__
	
	By:    _________________________________
	
	Title:    _________________________________

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