Document:

Amendment to Bank Employee Stock Option Plan, dated April 24, 2007

 Exhibit 10.24 
 AMENDMENT TO 
 MIDCAROLINA BANK 
 EMPLOYEE STOCK OPTION PLAN 
 WHEREAS, MidCarolina Financial Corporation, as
successor to MidCarolina Bank, (the “Bank”) is the sponsor of the MidCarolina Bank Employee Stock Option Plan (the “Employee Plan”); and 
 WHEREAS, the Bank desires to amend the Employee Plan, effective as of January 1, 2005, to comply with the American Jobs Creation Act of 2004, Internal Revenue Code §409A, including regulations and guidance
issued thereunder. 
 NOW THEREFORE, the Employee Plan is amended as follows: 
 WITNESSETH 
  

	1.	For purposes of the Employee Plan, the phrase “Section 409A” shall mean Internal Revenue Code Section 409A, as amended, including regulations and guidance issued
thereunder (“Section 409A”). 

  

	2.	Section 2 is amended by adding the following phrase to the end of subsection (c) as follows: “(provided, however, that no prescription, amendment or rescission will
be effectuated unless it complies with Section 409A to the extent Section 409A applies to such matters)”. 

  

	3.	Section 6 is amended by deleting Section 6 in its entirety and replacing it with the following replacement Section (6) as follows: 

 “6. OPTION PRICE. 
 (a) The option price of each Option granted under the Employee Plan shall be not less than 100% of the fair market value of the stock on the date of grant of the Option. In the case of incentive stock options granted to a shareholder who
owns stock possessing 

 
more than 10% of the total combined voting power of all classes of stock of the Bank or a Subsidiary (a “ten percent shareholder”), the option
price of each Option granted under the Employee Plan shall be not less than 110% of the fair market value of the stock on the date of grant of the Option. 
 (b) For purposes of Incentive Stock Options issued under the Employee Plan, “fair market value” means the value of a share of common stock determined consistent with the requirements of Section 422 of
the Code at the time of the valuation. As of the date of the adoption of this Amendment to the Plan, Section 422 provides the following definitions (through regulations issued under Section 422 that incorporate by reference Treasury
Regulation §20.2031-2), as applicable: (i) if, on the applicable date, there is a market for the common stock on a stock exchange, in an over-the-counter market, or otherwise, the value of a share of common stock shall be deemed to be
equal to the mean between the highest and lowest quoted selling prices on the valuation date; (ii) if, on the applicable date, there were no sales of common stock but there were sales on dates within a reasonable period both before and after
the valuation date, the fair market value shall be determined by taking a weighted average of the means between the highest and lowest sales on the nearest date before and the nearest date after the valuation date, with the average weighted
inversely by the respective number of trading days between the selling dates and the valuation date; (iii) if actual sales are not available during a reasonable period beginning before and ending after the valuation date, the fair market value
shall be determined by taking the mean between the bona fide bid and asked prices on the valuation date, or if none, by taking a weighted average of the means between the bona fide bid and asked prices on the nearest trading date before and the
nearest trading date 

  

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after the valuation date, if both such nearest dates are within a reasonable period, with the average weighted as provided in Section 6(b)(ii) above;
(iv) if no actual sales prices or bona fide bid and asked prices are available on a date within a reasonable period before the valuation date, but such prices are available on a date within a reasonable period after the valuation date (or vice
versa), then the mean between the highest and lowest available sales price or bid and asked prices may be taken as the value; (v) if it is established that the value of common stock determined as provided in Sections 6(b)(i) through 6(b)(iv)
does not reflect the fair market value of the Common Stock, then some reasonable modification of that basis or other relevant facts and elements of value shall be considered in determining the fair market value; (vi) if Sections 6(b)(i) through
6(b)(iv) are not applicable, then the fair market value shall be determined by taking into account the Bank’s net worth, prospective earning power and dividend-paying capacity, and other relevant factors, including the goodwill of the business,
the economic outlook in the particular industry, the Bank’s position in the industry and its management, the degree of control of the business represented by the block of common stock to be valued, the values of securities of corporations
engaged in the same or similar lines of business which are listed on a stock exchange or the over-the-counter market, and various non-operating assets as provided for in Treasury Regulation §20.2031-2(f). 
 (c) For purposes of Nonqualified Stock Options issued under the Employee Plan, “fair market value” means fair market value
determined consistent with the requirements of Section 409A. At the time of the adoption of this Amendment to the Employee Plan, Section 409A provides the following definitions, as applicable: (i) if, on the applicable date, the
common stock is readily tradable on an established securities 

  

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market, the fair market value of the common stock may be determined based upon the last sale before or the first sale after the grant, the closing price on
the trading day before or the trading day of the grant, or any other reasonable basis using actual transactions in such common stock as reported by such market and consistently applied (so long as it is reasonable under Section 409A);
(ii) if, on the applicable date, the common stock is not readily tradable on an established securities market, the fair market value of the common stock means a value determined by the reasonable application of a reasonable valuation method,
which method shall consider all available information material to the value of the Bank and considers the following factors, as applicable: (1) the value of tangible and intangible assets of the Bank, (2) the present value of future
cash-flows of the Bank, (3) the market value of stock or equity interests in similar corporations and other entities engaged in trades or businesses substantially similar to those engaged in by the Bank, the value of which can be readily
determined through objective means (such as through trading prices on an established securities market or an amount paid in an arm’s length private transaction), (4) control premiums, (5) discounts for lack of marketability, and
(6) whether the valuation method is used for other purposes that have a material economic effect on the Bank, its stockholders or its creditors. 
 (d) The Committee shall maintain a written record of its method of determining fair market value of the Option at the time each Option is granted under the Employee Plan. 
 (e) The option price shall be payable to the Bank either (i) in United States dollars, in cash or by check, bank draft or money order
payable to the order of the Bank, (ii) at the discretion of the Committee, through the delivery of shares of Common Stock 

  

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already owned by the optionee or to be received upon exercise of the Option in a “cashless exercise,” or (iii) at the discretion of the
Committee by a combination of (i) and (ii) above. The Committee may, in the relevant Option Agreement, also permit an optionee (either on a selective or group basis) to simultaneously exercise Options and sell the shares of Common Stock
thereby acquired, and use the proceeds from such sale as payment, in part or in full, of the exercise price of such Options. No shares of Common Stock shall be delivered until full payment has been made.” 
  

	4.	A new Section 8(i) is added as follows: 

 “(i)
All Nonqualified Stock Options shall be issued at no less than 100% of Fair Market Value as provided for in Section 6(a) The number of shares subject to each Nonqualified Stock Option will be fixed in the applicable Option Agreement. When the
Nonqualified Stock Options are transferred or exercised, the transfer or exercise shall be subject to taxation under Code Section 83 and Treasury Regulation §1.83-7. No Nonqualified Stock Option awarded hereunder shall contain any feature
for the deferral of compensation other than the deferral of recognition of income until the later of exercise or disposition of the option under Treasury Regulation §1.83-7 or the time the stock acquired pursuant to the exercise of the option
first becomes substantially vested as defined in Treasury Regulation §1.83-3(b). Further, each Nonqualified Stock Option will comply with any other Section 409A requirement in order to maintain the status of the Nonqualified Stock Option
as exempt from the requirements of Section 409A.” 
  

	5.	 Section 22 is amended by adding the following sentence as the last sentence of Section 22 as follows: “Provided, however, that, to the extent
Section 409A applies to the Plan, 

  

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any suspension, termination or discontinuance of the Employee Plan shall not be effective unless it complies with Section 409A.”

  

	6.	A new Section 28 is added as follows: 

 “28.
Compliance with Section 409A. It is intended that the Employee Plan meet the requirements of the Section 409A exemption for option plans such that Section 409A does not apply to the Options issued under the Employee Plan.
However, to the extent that the Board determines that any Option granted under the Employee Plan is subject to Section 409A, the Option Agreement evidencing such Option shall incorporate the terms and conditions required by Section 409A.
To the extent applicable, the Employee Plan and Option Agreements shall be interpreted in accordance with Section 409A. Notwithstanding any provision of the Employee Plan to the contrary, in the event that, following the Effective Date, the
Board determines that any Option may be subject to Section 409A, the Board may adopt such amendments to the Employee Plan and the applicable Option Agreement or adopt other policies and procedures (including amendments, policies and procedures
with retroactive effect), or take any other actions, that the Board determines are necessary or appropriate to (1) exempt the Option from Section 409A and/or preserve the intended tax treatment of the benefits provided with respect to the
Option, or (2) comply with the requirements of Section 409A.” 
 In all other respects, the Employee Plan shall remain unchanged and in full
force and effect. 
 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date indicated below. 
  

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	MIDCAROLINA FINANCIAL CORPORATION
		
	By:	 	  

	Its:	 	  

	Date:	 	April 24, 2007

  

			
	ATTEST:
	  

	Secretary

  

 7Exhibit 10.1

 Exhibit 10.1 
 AMENDMENT TO LAND LEASE 
 This Amendment to Land Lease (“Amendment”) is entered into as of
this 6 day of March, 2007, between the MOHEGAN TRIBE OF INDIANS OF CONNECTICUT, a federally recognized Indian tribe (as lessor or landlord under the Land Lease referred to below, being hereinafter referred to as the “Tribe”), and
the MOHEGAN TRIBAL GAMING AUTHORITY, an instrumentality of the Tribe (as lessee or tenant under such Land Lease, being hereinafter referred to as the “Authority”). 
 WHEREAS, the Tribe and the Authority are parties to that certain Land Lease, dated September 20, 1995, as amended (the “Land Lease”); and

 WHEREAS, the Tribe and the Authority desire to refinance certain existing debt and obtain additional financing for the purpose, among
others, of expanding the Improvements, as defined in the Land Lease; and 
 WHEREAS, such financing is to be secured by, among other things,
a leasehold mortgage deed encumbering the Premises, as defined in the Land Lease; and 
 WHEREAS, the Tribe and the Authority desire to amend
the Land Lease for the purpose of updating and replacing (i) the description of the Premises as set forth in Exhibit A of the Land Lease and (ii) the Survey Plan depicting the Premises as set forth in Exhibit B of the Land Lease.

 NOW, THEREFORE, in consideration of the foregoing and the agreements of the parties hereinafter set forth, the parties hereto hereby agree
as follows: 
 1. The Land Lease is hereby amended by deleting the Legal Description of the Property located in Exhibit A thereto, and by
inserting in lieu thereof the Legal Description of the Property attached hereto as Exhibit A. 
 2. The Land Lease is hereby amended by
deleting the Survey Plan located at Exhibit B thereto, and by inserting in lieu thereof the General Location Survey attached hereto as Exhibit B. 
 3. Except as modified hereby, the Land Lease shall remain in full force and effect. 
 [SPACE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the year and day first above
written. 
  

					
	WITNESSES:	 	MOHEGAN TRIBE OF INDIANS OF CONNECTICUT
			
	 /s/ Allison D. Johnson
	 	By:	 	 /s/ Bruce S. Bozsum

		 	Name:	 	Bruce S. Bozsum
		 	Title:	 	Chairman
			
	 /s/ Michael Ciaccio
	 		 	
		
		 	MOHEGAN TRIBAL GAMING AUTHORITY
			
	 /s/ Michael Ciaccio
	 	By:	 	 /s/ Mitchell Grossinger Etess

		 	Name:	 	Mitchell Grossinger Etess
		 	Title:	 	C.E.O.
		 		 	
	 /s/ Kim Doubleday
	 		 	

  

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	STATE OF CONNECTICUT	  	)	  	
		  	)	  	ss:
	COUNTY OF NEW LONDON	  	)	  	

 On this the 6 day of March, 2007, before me Bethany K. Schultz, the undersigned officer,
personally appeared Bruce S. Bozsum, the Chairman of the MOHEGAN TRIBE OF INDIANS OF CONNECTICUT, a federally recognized Indian tribe, the duly authorized signer and sealer of the foregoing instrument who acknowledged that he/she executed the
foregoing instrument for the purposes and in the capacity herein contained as and for his/her free act and deed and the free act and deed of the Tribe. 
  

	
	 /s/ Bethany K. Schultz
  

	Commissioner of the Superior Court
	Notary Public
	My Commission Expires: 1/31/2011

  

					
	STATE OF CONNECTICUT	  	)	  	
		  	)	  	ss:
	COUNTY OF NEW LONDON	  	)	  	

 On this the 6 day of March, 2007, before me Bethany K. Schultz, the undersigned officer,
personally appeared Mitchell G. Etess, the C.E.O. of the MOHEGAN TRIBAL GAMING AUTHORITY, the duly authorized signer and sealer of the foregoing instrument who acknowledged that he/she executed the foregoing instrument for the purposes and in the
capacity herein contained as and for his/her free act and deed and the free act and deed of the Authority. 
  

	
	 /s/ Bethany K. Schultz

	Commissioner of the Superior Court
	Notary Public
	My Commission Expires: 1/31/2011

  

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 The undersigned parties agree that the foregoing agreement is in compliance with 25 U.S.C. §415 and
25 C.F.R. §162: 
  

					
	WITNESSES:	 	Mohegan Tribe of Indians of Connecticut
			
	 /s/ Allison D. Johnson
	 	By:	 	 /s/ Bruce S. Bozsum

		 	Name:	 	Bruce S. Bozsum
		 	Title:	 	Chairman
		
		 	Mohegan Tribal Gaming Authority
			
	 /s/ Michael Ciaccio
	 	By:	 	 /s/ Mitchell Grossinger Etess

		 	Name:	 	Mitchell Grossinger Etess
		 	Title:	 	C.E.O.
		
		 	 Approved pursuant to 25 U.S.C. §415 and 25 C.F.R. §162 under delegated authority of
209 DM 8, 230 DM 1, and 3 IAM 4.
 United States Department of Interior Bureau of Indian Affairs

			
	Date: April 9, 2007	 	By:	 	 /s/ Franklin Keel

		 	Name:	 	Franklin Keel
		 	Title:	 	Director Eastern Region Bureau of Indian Affairs

  

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	STATE OF TENNESSEE	  	)	  	
		  	)	  	ss:
	COUNTY OF DAVIDSON	  	)	  	

 On this the 9th day of April, 2007, before me Glenda N. Kennedy, the undersigned officer, personally appeared Franklin Keel, personally known to me to be the duly authorized signer and sealer of
the foregoing instrument who acknowledged that he/she executed the foregoing instrument as the Director of Eastern Region/BIA, acting under delegated authority. 
  

	
	 /s/ Glenda N. Kennedy

	Commissioner of the Superior Court
	Notary Public
	My Commission Expires: 7/25/2009

  

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 EXHIBIT A 
 Legal Description of the Property 
 A certain tract or parcel of land, together with the buildings and all other
improvements thereon, situated on the southeasterly side of Sandy Desert Road, easterly of Connecticut Route No. 32, northeasterly of Crow Hill Road, westerly of Thames River and southerly of Trading Cove in the Town of Montville, County of New
London and State of Connecticut and being more particularly shown and delineated on a certain map or plan entitled “SURVEY PLAN LAND OF UNITED STATES OF AMERICA IN TRUST FOR THE MOHEGAN TRIBE OF INDIANS OF CONNECTICUT TO BE LEASED TO MOHEGAN
TRIBAL GAMING AUTHORITY PREPARED FOR THE MOHEGAN TRIBE OF INDIANS OF CONNECTICUT Located At Sandy Desert Road, Crow Hill Road and Mohegan Sun Boulevard Montville (Uncasville), Connecticut Date: January 2, 2007 Scale: 1” = 200’ Project
No: 200614 Sheet 1 of 1” Prepared By The Mohegan Tribe CAD Document Control Department, which premises are more particularly bounded and described as follows: 
 Beginning at a point in the southeasterly line of land now or formerly of The Mohegan Tribe Of Indians Of Connecticut (southeasterly street line of Sandy Desert Road) at a northwesterly corner of the herein-described
tract and on the dividing line between the herein-described tract and other land of The United States Of America In Trust For The Mohegan Tribe Of Indians Of Connecticut; 
 Thence running South 02° 41’ 50” East for a distance of 322.32 feet to a point; 
 Thence
running North 85° 24’ 27” East for a distance of 304.00 feet to a point; 
 Thence running South 04° 35’ 33” East
for a distance of 254.69 feet to a point; 
 Thence running North 85° 28’ 43” West for a distance of 52.08 feet to a point;

 Thence running South 06° 35’ 16” East for a distance of 190.41 feet to a point; 
 Thence running South 52° 42’ 03” East for a distance of 63.49 feet to a point; 
 Thence running in a general southeasterly direction along the arc of a curve to the left with a radius of 400.00 feet, a central angle of 17°
33’ 57” for a distance of 122.63 feet to a point; 
 Thence running South 70° 16’ 00” East for a distance of 141.88
feet to a point; 
 Thence running in a general southeasterly direction along the arc of a curve to the right with a radius of 1240.00 feet,
a central angle of 17° 06’ 42” for a distance of 370.34 feet to a point; 
 Thence running South 53° 09’ 17” East
for a distance of 184.55 feet to a point; 
 Thence running in a general southeasterly direction along the arc of a curve to the left with a
radius of 1150.00 feet, a central angle of 23° 37’ 52” for a distance of 474.31 feet to a point; 
 Thence running South
76° 47’ 09” East for a distance of 402.28 feet to a point; 
 Thence running in a general southeasterly direction along the arc
of a curve to the right with a radius of 649.90 feet, a central angle of 30° 29’ 57” for a distance of 345.95 feet to a point; 
 Thence running South 46° 17’ 12” East for a distance of 137.84 feet to a point; 

 Thence running in a general southeasterly direction along the arc of a curve to the left with a radius of
350.09 feet, a central angle of 20° 44’ 48” for a distance of 126.77 feet to a point; 
 Thence running South 67° 02’
00” East for a distance of 358.04 feet to a point; 
 Thence running in a general southeasterly direction along the arc of a curve to
the left with a radius of 850.00 feet, a central angle of 11° 27’ 44” for a distance of 170.05 feet to a point; 
 Thence
running South 78° 29’ 44” East for a distance of 290.02 feet to a point; 
 Thence running in a general southeasterly direction
along the arc of a curve to the right with a radius of 649.90 feet, a central angle of 45° 11’ 01” for a distance of 512.51 feet to a point; 
 Thence running South 33° 18’ 27” East for a distance of 546.87 feet to a point; 
 Thence
running in a general southeasterly direction along the arc of a curve to the left with a radius of 624.21 feet, a central angle of 07° 41’ 21” for a distance of 83.77 feet to the southerly corner of the herein described tract;

 Thence running North 17° 46’ 50” West for a distance of 86.72 feet to a point; 
 Thence running North 15° 59’ 54” West for a distance of 69.57 feet to a point; 
 Thence running North 13° 09’ 20” West for a distance of 241.49 feet to a point; 
 Thence running North 08° 51’ 10” West for a distance of 99.13 feet to a point; 
 Thence running North 13° 11’ 22” West for a distance of 44.72 feet to a point; 
 Thence running North 06° 55’ 31” West for a distance of 44.45 feet to a point, the last twenty seven courses being bounded by other land of
The United States Of America In Trust For The Mohegan Tribe Of Indians Of Connecticut; 
 Thence running North 73° 35’ 41” East
for a distance of 71.66 feet to a point, the last course being bounded southeasterly in part by other land of The United States Of America In Trust For The Mohegan Tribe Of Indians Of Connecticut and in part by land now or formerly of MTIC
Acquisitions, LLC; 
 Thence running North 73° 57’ 46” East for a distance of 48.45 feet to a concrete monument recovered, the
last course being bounded southeasterly by land now or formerly of MTIC Acquisitions, LLC; 
 Thence running North 75 05’ 39” East
for a distance of 190.94 feet, bounded southeasterly in part by land now or formerly of MTIC Acquisitions, LLC and in part by land now or formerly of Southeastern Connecticut Regional Resource Recovery Authority to a concrete monument recovered;

 Thence running North 73° 18’ 39” East for a distance of 166.10 feet to an angle point; 
 Thence running North 75° 48’ 39” East for a distance of 241.15 feet to a point at Connecticut Grid Coordinates North 738813.29, East
1183036.66; 
 Thence continuing North 75° 48’ 39” East for a distance of 242.59 feet to the southeasterly corner of the herein
described tract, said point lying in the southwesterly line of land now or formerly of Central Vermont Railway, Inc., the last three courses being bounded southeasterly by land now or formerly of Southeastern Connecticut Regional Resource Recovery
Authority; 
 Thence running North 44° 36’ 07” West for a distance of 550.97 feet to a point; 

 Thence running in a general northwesterly direction along the arc of a curve to the left with a radius of
3100.09 feet, a central angle of 02° 45’ 25” for a distance of 149.17 feet to a point; 
 Thence running in a general
northwesterly direction along the arc of a curve to the left with a radius of 3100.00 feet, a central angel of 04° 34’ 39” for a distance of 247.66 feet to a point; 
 Thence running North 51° 56’ 11” West for a distance of 150.00 feet to a point; 
 Thence running in a general northwesterly direction along the arc of a curve to the right with a radius of 1132.75 feet, a central angle of 37°
19’ 02” for a distance of 737.77 feet to a point; 
 Thence running in a general northerly direction along the arc of a curve to
the right with a radius of 883.00 feet, a central angle of 38° 49’ 37” for a distance of 598.37 feet to a concrete monument recovered, the last six courses being bounded northeasterly and easterly by land now or formerly of Central
Vermont Railway, Inc.; 
 Thence running North 45° 14’ 00” West for a distance of 35 feet, more or less, bounded northeasterly
by land now or formerly of Central Vermont Railway, Inc. to a monument set in the tidal high water mark of Trading Cove; 
 Thence running in
a general westerly direction along the tidal high water mark of Trading Cove for a distance of 3743 feet, more or less, to a point which is located North 06° 33’ 05” East 77 feet, more or less, from a rebar recovered at Connecticut
Grid Coordinates North 741768.53, East 1179180.50; 
 Thence running South 06° 33’ 05” West for a distance of 77 feet, more or
less, to a rebar recovered; 
 Thence running South 06° 33’ 05” West for a distance of 547.80 feet to an iron pipe recovered;

 Thence running South 06° 34’ 37” West for a distance of 275.26 feet to a concrete monument recovered; 
 Thence running South 07° 16’ 42” West for a distance of 52.35 feet to a point; 
 Thence running South 88° 08’ 28” West for a distance of 246.94 feet to a point; 
 Thence running South 89° 56’ 24” West for a distance of 294.38 feet to the point and place of beginning, the last six courses being bounded
by land now or formerly of The Mohegan Tribe Of Indians Of Connecticut. 
 Said Lease Area Containing 185 acres, more or less. 
 Together with the non-exclusive right to pass and repass over that certain roadway known as Sandy Desert Road (which roadway leads from the westerly portion of the
herein described property to Conn. Route #32 as shown on said map), as the same now exists or may hereafter be relocated, expanded or extended, including any extension thereof from the northwesterly portion of the herein described property to Conn.
Route #32; and 
 Together with the non-exclusive right to pass and repass over that certain roadway known as Mohegan Sun Boulevard, as the same now exists
or may hereafter be relocated, expanded or extended, which roadway leads from the southeasterly portion of the herein described property to Conn. Route #2A as shown on said map; and Together with all rights, easements, hereditaments and
appurtenances thereto appertaining and all right, title and interest, if any, in and to strips and gores adjoining said premises and in and to the land lying in the bed of any street or streets adjoining said premises. 

 EXHIBIT B 
 General Location Survey

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