Document:

Exhibit 10.1

 Exhibit 10.1 
 SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC. 
 2004 STOCK OPTION PLAN 
 Southern National Bancorp of Virginia, Inc. (formerly known as “Southern Commerce Bancorp, Inc.”) (the “Company”), a Virginia
corporation and the proposed holding company for SonaBank, National Association (the “Bank”), a national bank, hereby adopts this 2004 Stock Option Plan (the “Plan”), under which options may be granted from time to time to
directors, officers and employees of the Company and of any subsidiary corporation (as defined in Section 424(f) of the Internal Revenue Code of 1986, as amended (the “Code”)), including the Bank, and any subsidiary corporation of the
Company which may be established in the future, to purchase shares of common stock of the Company, par value $0.01 per share (the “Common Stock”). 
 l. PURPOSE OF THE PLAN. The purpose of the Plan is to aid the Company in attracting and retaining capable directors, officers and employees and to provide a long range incentive for such persons to
remain in the management of the Company, to perform at increasing levels of effectiveness and to acquire a permanent stake in the Company with the interest and outlook of an owner. These objectives will be promoted through the granting of options to
acquire shares of Common Stock pursuant to the terms of this Plan. 
 2. ADMINISTRATION. 
 (a) The Plan shall be administered by a committee (the “Committee”), which shall consist of not less than two independent members of the Board
of Directors of the Company (the “Board”). Members of the Committee shall serve at the pleasure of the Board. In the absence at any time of a duly appointed Committee, this Plan shall be administered by the Board, in which case all
references to the Committee in this Plan shall be deemed to refer to the Board. The Committee may designate any officers or employees of the Company to assist in the administration of the Plan and to execute documents on behalf of the Committee and
perform such other ministerial duties as may be delegated to them by the Committee. 
 (b) Subject to the provisions of the Plan, the
determinations or the interpretation and construction of any provision of the Plan by the Committee shall be final and conclusive upon all persons affected thereby. By way of illustration and not of limitation, the Committee shall have the
discretion (a) to construe and interpret the Plan and all options granted hereunder and to determine the terms and provisions (and amendments thereof) of the options granted under the Plan (which need not be identical); (b) to define the
terms used in the Plan and in the options granted hereunder; (c) to prescribe, amend and rescind the rules and regulations relating to the Plan; (d) to determine the individuals to whom and the time or times at which such options shall be
granted, the number of shares to be subject to each option, the option price, and the determination of leaves of absence which may be granted to participants without constituting a termination of their employment for the purposes of the Plan; and
(e) to make all other determinations necessary or advisable for the administration of the Plan. 
 (c) It shall be in the discretion of
the Committee to grant options which qualify as “incentive stock options,” as that term is defined in Section 422 of the Code (“Incentive Stock Options”), or which do not qualify as Incentive Stock Options
(“Nonqualified Stock Options”) 

 (herein referred to collectively as “Options;” however, whenever reference is specifically made only to
“Incentive Stock Options” or “Nonqualified Stock Options,” such reference shall be deemed to be made to the exclusion of the other). Any options granted which fail to satisfy the requirements for Incentive Stock Options shall
become Nonqualified Stock Options. 
 3. STOCK AVAILABLE FOR OPTIONS. Common Stock issued upon exercise of Options granted
under the Plan may be authorized but unissued shares of Common Stock and/or shares of Common Stock which are acquired by the Company from shareholders of the Company in public or private transactions. The total number of shares of Common Stock for
which Options may be granted under this Plan is 275,000. Such total number of shares is subject to any capital adjustments as provided in Section 13. In the event that an Option granted under the Plan is forfeited, released, expires or is
terminated unexercised as to any shares covered thereby, such shares thereafter shall be available for the granting of Options under the Plan; provided that if the forfeiture, expiration, release or termination date of an Option is beyond the term
of existence of the Plan as described in Section 18, then any shares covered by forfeited, unexercised, released or terminated options shall not reactivate the existence of the Plan and therefore may not be available for additional grants under
the Plan. The Company, during the term of the Plan, will reserve and keep available a number of shares of Common Stock sufficient to satisfy the requirements of the Plan. 
 4. ELIGIBILITY. Options may be granted to such directors, officers and/or employees of the Company as may be designated from time to time by the Committee, provided that a member of the Board of
Directors of the Company who is not an officer or employee of the Company shall be eligible to receive only Nonqualified Stock Options under the Plan. In determining the directors, officers and employees to whom Options shall be granted and the
number of shares to be covered by each Option, the Committee shall take into account the nature of the services rendered by such persons, their present and potential contributions to the success of the Company and such other factors as the Committee
shall deem relevant. A director, officer or employee who has been granted an Option under the Plan may be granted an additional Option or Options under the Plan if the Committee shall so determine. 
 5. OPTION GRANTS. The proper officers on behalf of the Company and each Optionee shall execute a Stock Option Agreement (the “Option
Agreement”) which shall set forth the total number of shares of Common Stock to which it pertains, the exercise price, whether it is a Nonqualified Stock Option or an Incentive Stock Option, and such other terms, conditions, restrictions and
privileges as the Committee in each instance shall deem appropriate, provided that they are not inconsistent with the terms, conditions and provisions of this Plan. Each Optionee shall receive a copy of his executed Option Agreement. Any Option
granted with the intention that it will be an Incentive Stock Option but which fails to satisfy a requirement for Incentive Stock Options shall continue to be valid and shall be treated as a Nonqualified Stock Option. 
  

 2 

 6. OPTION PRICE. 
 (a) The option price of each Option granted under the Plan shall be not less than 100% of the 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 Company (a “ten percent shareholder”), the option price of
each Option granted under the Plan shall not be less than 110% of the market value of the stock on the date of grant of the Option. The market value per share of the Common Stock shall be its fair market value as determined by the Committee, in its
sole and absolute discretion. The Committee shall maintain a written record of its method of determining such value. 
 (b) Payment in full
of the purchase price for shares of Common Stock purchased pursuant to the exercise of any Option shall be made to the Company upon exercise of the Option. All shares sold under the Plan shall be fully paid and nonassessable. Payment for shares may
be made by the optionee (i) in cash or by check, or (ii) at the discretion of the Committee, by delivery of a properly executed exercise notice, together with irrevocable instructions to a broker to sell the shares and then to properly
deliver to the Company the amount of sale proceeds to pay the exercise price, all in accordance with applicable laws and regulations, or any combination of the foregoing. 
 7. EXPIRATION OF OPTIONS. The Committee shall determine the expiration date or dates of each Option, but such expiration date shall be not later than 10 years after the date such Option is granted. In
the event an Incentive Stock Option is granted to a ten percent shareholder, the expiration date or dates of each Option shall be not later than five years after the date such Option is granted. The Committee, in its discretion, may extend the
expiration date or dates of an Option after such date was originally set; however, such expiration date may not exceed the maximum expiration date described in this Section 7. 
 8. TERMS AND CONDITIONS OF OPTIONS. 
 (a) All Options must be granted within 10 years of the Effective Date of this Plan, as defined in Section 17. 
 (b) Subject to
Section 4 hereof, the Committee may grant Options which are intended to be Incentive Stock Options and Nonqualified Stock Options, either separately or jointly, to an eligible director, officer or employee. 
 (c) The grant of Options shall be evidenced by a written Option Agreement containing terms and conditions established by the Committee consistent with
the provisions of this Plan. 
 (d) Unless otherwise determined by the Committee, not less than 100 shares may be purchased upon exercise of
an Option at any one time unless the number purchased is the total number at that time purchasable under the Plan or Option Agreement. 
  

 3 

 (e) The recipient of an Option shall have no rights as a shareholder with respect to any shares covered
by his Option until payment in full by him for the shares being purchased. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record
date is prior to the date such stock is fully paid for. 
 (f) Notwithstanding any contrary provisions contained in this Plan, and as long as
required by Section 422 of the Code, the aggregate fair market value of the Common Stock (determined as of the time the Option is granted) with respect to which Incentive Stock Options are exercisable for the first time by any optionee during
any calendar year (under this Plan or any other stock option plan maintained by the Company) shall not exceed $100,000. 
 (g) All stock
obtained pursuant to an Option which qualifies as an Incentive Stock Option may, in the discretion of the Committee, be held in escrow for a period which ends on the later of (i) two years from the date of the granting of the Option or
(ii) one year after the transfer of the stock pursuant to the exercise of the Option. The stock shall be held by the Company or its designee. The employee who has exercised the Option shall during such holding period have all rights of a
shareholder, including but not limited to the rights to vote, receive dividends and sell the stock. The sole purpose of the escrow is to inform the Company of a disqualifying disposition of the stock within the meaning of Section 422 of the
Code, and it shall be administered solely for that purpose. 
 (h) No more than 40% of the shares which are reserved for issuance upon
exercise of Options granted hereunder may be issued to any one participant under the Plan. 
 9. EXERCISE OF OPTIONS.

 (a) Options granted hereunder shall vest in approximately equal percentages each year over a period no shorter than three years.

 (b) The exercise of any Option must be evidenced by written notice to the Company that the optionee intends to exercise his Option. In no
event shall an Option be deemed granted by the Company or exercisable by a recipient prior to the mutual execution by the Company and the recipient of an Option Agreement which comports with the requirements of Section 5 and Section 8(c)
hereof. 
 (c) Any right to exercise Options in annual installments shall be cumulative and any vested installments may be exercised, in
whole or in part, at the election of the optionee. 
 (d) The inability of the Company to obtain approval from any regulatory body or
authority deemed by counsel to be necessary to the lawful issuance and sale of any shares of Common Stock hereunder shall relieve the Company of any liability in respect of the non-issuance or sale of such shares. As a condition to the exercise of
an Option, the Company may require the person exercising the Option to make such representations and warranties as may be necessary to ensure compliance with federal or state securities laws. 
  

 4 

 (e) The Committee shall have the discretionary authority to impose in the Option Agreements such
restrictions on shares of Common Stock as it may deem appropriate or desirable, including but not limited to the authority to impose a right of first refusal or to establish repurchase rights or both of these restrictions. 
 10. TERMINATION OF DIRECTORSHIP OR EMPLOYMENT - EXCEPT BY DISABILITY OR DEATH. If an optionee ceases to be a director, officer or employee
of the Company for any reason other than death or disability (as defined in Section 11), he may, at any time within three months after his date of termination, or such longer period as may be determined by the Committee in its discretion but
not later than the date of expiration of the Option, exercise any Option only to the extent it was vested and he was entitled to exercise the Option on the date of termination. Any Options or portions of Options of such optionees which are not so
exercised shall terminate and be forfeited. 
 11. TERMINATION OF DIRECTORSHIP OR EMPLOYMENT – DISABILITY OR DEATH. If an
optionee dies or ceases to be a director, officer or employee of the Company due to his becoming disabled within the meaning of Section 22(e)(3) of the Code, all unvested and forfeitable Options of such optionee shall immediately become vested
and exercisable and he, or the person or persons to whom the Option is transferred by will or by the laws of descent and distribution, may, at any time within twelve months after the death or date of termination, or such longer period as may be
determined by the Committee in its discretion but not later than the date of expiration of the Option, exercise any Option with respect to all shares subject thereto. Any Options or portions of Options of such optionees which are not so exercised
shall terminate and be forfeited. 
 12. RESTRICTIONS ON TRANSFER. An Option granted under this Plan may not be transferred
except by will or the laws of descent and distribution and, during the lifetime of the optionee to whom it was granted, may be exercised only by such optionee. 
 13. CAPITAL ADJUSTMENTS AFFECTING COMMON STOCK. 
 (a) The aggregate number of shares of Common
Stock available for issuance under the Plan, the number of shares to which any outstanding Option relates and the exercise price per share of Common Stock under any outstanding Option shall be proportionately adjusted for any increase or decrease in
the total number of outstanding shares of Common Stock issued subsequent to the Effective Date (as defined in Section 17) resulting from a split, subdivision or consolidation of shares or any other capital adjustment, the payment of a stock
dividend or other increase or decrease in such shares effected without receipt or payment of consideration by the Company. If, upon a merger, consolidation, reorganization, liquidation, recapitalization or the like of the Company, the shares of the
Common Stock shall be exchanged for other securities of the Company or of another corporation, each recipient of an Option shall be entitled, subject to the conditions herein stated, to purchase or acquire such number of shares of Common Stock or
amount of other securities of the Company or such other corporation as were exchangeable for the number of shares of Common Stock of the Company which such optionees would have been entitled to purchase or acquire except for such action, and
appropriate adjustments shall be made to the per share exercise price of outstanding Options. 
  

 5 

 (b) To the extent that the foregoing adjustments described in Section 13(a) above relate to
particular Options or to particular stock or securities of the Company subject to Option under this Plan, such adjustments shall be made by the Committee, whose determination in that respect shall be final and conclusive. 
 (c) The grant of an Option pursuant to this Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications,
reorganizations or changes of its capital or business structure or to merge or to consolidate or to dissolve, liquidate or sell, or transfer all or any part of its business or assets. 
 (d) No fractional shares of Common Stock shall be issued under the Plan for any adjustment made pursuant to this Section 13 or otherwise.

 (e) Any adjustment made pursuant to this Section 13 shall be made, to the extent practicable, in such manner as not to constitute a
modification of any outstanding Incentive Stock Options within the meaning of Section 424(h) of the Code. 
 14. INVESTMENT
PURPOSE. At the discretion of the Committee, any Option Agreement may provide that the optionee shall, by accepting the Option, represent and agree, for himself and his transferees by will or the laws of descent and distribution, that all
shares of Common Stock purchased upon the exercise of the Option will be acquired for investment and not for resale or distribution, and that upon each exercise of any portion of an Option, the person entitled to exercise the same shall furnish
evidence of such facts which is satisfactory to the Company. Certificates for shares of Common Stock acquired under the Plan may be issued bearing such restrictive legends as the Company and its counsel may deem necessary to ensure, among other
things, that the optionee is not an “underwriter” within the meaning of the federal securities laws. 
 15. APPLICATION OF
FUNDS. The proceeds received by the Company from the sale of Common Stock pursuant to Options will be used for general corporate purposes. 
 16. NO OBLIGATION TO EXERCISE. The granting of an Option shall impose no obligation upon the optionee to exercise such Option. Notwithstanding the foregoing, the Bank’s primary federal regulator can direct the Company to
require Plan participants to exercise or forfeit their Options if the Bank’s capital falls below the minimum regulatory requirements as determined by the Bank’s state or primary federal regulator. In such event, any options not so
exercised shall terminate and be forfeited. 
 17. EFFECTIVE DATE OF THE PLAN. The Plan shall be effective as of the date of
adoption of the Plan by the Board of Directors of the Company (the “Effective Date”). The Plan, and any previously granted Options thereunder, shall be subject to the approval of the shareholders of the Company at a meeting held or by
written consent within 12 months of the Effective Date in order to meet the requirements of Section 422 of the Code and regulations thereunder. 
  

 6 

 18. TERM OF THE PLAN. Unless sooner terminated, this Plan shall remain in effect for a
period of ten years ending on the tenth anniversary of the Effective Date. Termination of the Plan shall not affect any Options previously granted and such Options shall remain valid and in effect until they have been fully exercised or earned, are
surrendered or by their terms expire or are forfeited. 
 19. TIME OF GRANTING OF OPTIONS. Nothing contained in the Plan or in
any resolution adopted or to be adopted by the Committee or the shareholders of the Company and no action taken by the Committee shall constitute the granting of any Option hereunder. The granting of an Option pursuant to the Plan shall take place
only when an Option Agreement shall have been duly executed and delivered by and on behalf of the Company at the direction of the Committee. 
 20. WITHHOLDING TAXES. Whenever the Company proposes or is required to cause to be issued or transferred shares of stock, cash or other assets pursuant to this Plan, the Company shall have the right to require the optionee to
remit to the Company an amount sufficient to satisfy any federal, state and/or local withholding tax requirements prior to the issuance of any certificate or certificates for such shares or delivery of such cash or other assets. Alternatively, the
Company may issue or transfer such shares of stock or make other distributions of cash or other assets net of the number of shares or other amounts sufficient to satisfy the withholding tax requirements. For withholding tax purposes, the shares of
stock, cash and other assets to be distributed shall be valued on the date the withholding obligation is incurred. 
 21. TERMINATION
AND AMENDMENT. The Board may at any time alter, suspend, terminate or discontinue the Plan, subject to any applicable regulatory requirements and any required shareholder approval or any shareholder approval which the Board may deem
advisable for any reason, such as for the purpose of obtaining or retaining any statutory or regulatory benefits under tax, securities or other laws or satisfying applicable stock exchange or quotation system listing requirements. The Board may not,
without the consent of the holder of an Option previously granted, make any alteration which would deprive the optionee of his rights with respect thereto. 
 22. CAPTIONS AND HEADINGS; GENDER AND NUMBER. Captions and paragraph headings used herein are for convenience only, do not modify or affect the meaning of any provision herein, and are not a part, and
shall not serve as a basis for interpretation or construction of, this Plan. As used herein, the masculine gender shall include the feminine and neuter, and the singular number shall include the plural, and vice versa, whenever such meanings are
appropriate. 
 23. COST OF PLAN; EXCULPATION AND INDEMNIFICATION. All costs and expenses incurred in the operation and
administration of the Plan shall be borne by the Company. In connection with this Plan, no member of the Board and no member of the Committee shall be personally liable for any act or commission to act, or for any mistake in judgment made in good
faith, unless arising out of, or resulting from, such person’s own bad faith, willful misconduct or criminal acts. To the extent permitted by applicable laws and 
  

 7 

 regulations, the Company shall indemnify, defend and hold harmless the members of the Board and members of the Committee,
and each other officer or employee of the Company or of subsidiary corporation to whom any power or duty relating to the administration or interpretation of this Plan may be assigned or delegated, from and against any and all liabilities (including
any amount paid in settlement of a claim with the approval of the Board), and any costs or expenses (including counsel fees) incurred by such persons arising out of or as a result of, any act or omission to act, in connection with the performance of
such person’s duties, responsibilities and obligations under this Plan, other than such liabilities, costs and expenses as may arise out of, or result from, the bad faith, willful misconduct or criminal acts of such persons. 
 24. EXERCISE OR FORFEITURE. Notwithstanding any provision of this Plan or any Option Agreement to the contrary, the Options shall expire,
to the extent not exercised, within 45 days following the receipt of notice from the Bank’s primary federal regulator (“Regulator”) that (i) the Bank has not maintained its minimum capital requirements (as determined by the
Regulator); and (ii) the Regulator is requiring exercise or forfeiture of the Options. Upon receipt of such notice from the Regulator, the Company shall promptly notify each Option holder that he must exercise the Options granted to him prior
to the end of the 45-day period or such earlier period as may be specified by the Regulator or forfeit such Option(s). In case of forfeiture, no Option holder shall have cause of action, of any kind or nature, against the Company, the Bank or any of
their respective officers or directors with respect to the forfeiture. In addition the Company shall not be liable to any Option holder due to the failure or inability of the Company to provide adequate notice to the Option holder. 
 25. GOVERNING LAW. Without regard to the principles of conflicts of laws, the laws of the Commonwealth of Virginia shall govern and control
the validity, interpretation, performance and enforcement of this Plan. 
  

	
	 APPROVED BY THE BOARD OF DIRECTORS ON
 January 31, 2005.

	
	 /s/ R. Devon Porter

	 R. Devon Porter

	 Secretary

	
	APPROVED BY THE STOCKHOLDERS OF THE COMPANY ON
	 January 31, 2005.

	
	 /s/ R. Devon Porter

	 R. Devon Porter

	 Secretary

  

 8Exhibit 10.2

 Exhibit 10.2 
 SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC. 
 CHANGE IN CONTROL AGREEMENT 
 THIS CHANGE IN CONTROL AGREEMENT (the “Agreement”) is made and entered into by and between Southern National Bancorp of Virginia, Inc., a
Virginia corporation (the “Company”), and Sonabank, National Association, a national bank and the wholly-owned subsidiary of the Company (“Sonabank”) on the one hand, and Georgia S. Derrico (“Executive”) on the other
hand, as of August         , 2006 (the “Effective Date”). Each of the Company, Sonabank and Executive is a “Party” to this Agreement, and, together, they are the “Parties”
hereto. 
 WHEREAS, it is in the best interests of the Company, Sonabank and the Company’s stockholders to assure Executive’s
continued dedication to the Company; and 
 WHEREAS, any consideration by the Company or Sonabank of strategic transactions, such as mergers
and acquisitions, would inevitably create personal uncertainties for Executive, and could distract Executive from the business of the Company or Sonabank; and 
 WHEREAS, it is in the best interests of Sonabank, the Company and the Company’s stockholders to provide Executive with compensation and benefits arrangements in the event of a possible termination of
Executive’s employment, including a termination in connection with a strategic transaction, as more fully provided herein; and 
 WHEREAS, the Company, Sonabank and Executive have determined that it is in their mutual best interests that this Agreement be executed by the Parties in order to set forth the terms and conditions for severance benefits in the event of such
a termination as provided for herein; 
 NOW, THEREFORE, in consideration of the covenants contained in this Agreement, and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company, Sonabank and the Executive hereby agree as follows: 
 1.
DEFINITIONS. 
 Certain terms used in this Agreement are defined in the body of this Agreement. Other terms are defined as set forth in this
Section 1, as follows: 
 1.1 “Affiliate” shall mean Sonabank or any other corporation or other business entity that is a
parent or subsidiary of the Company, including ownership of 50% or more of the voting or profits interests of the corporation or other business entity. 
 1.2 “Base Salary” shall mean Executive’s highest paid or payable annual base salary for any consecutive twelve (12) month period during her employment with the Company or an Affiliate. Any increase
in base salary shall not serve to limit or reduce any other obligation to Executive under this Agreement or under any other plan or agreement with the Company or an Affiliate. The term Base Salary as utilized in this Agreement shall refer to her
Base Salary as it may be increased, from time to time, but no decrease in her annual base salary shall decrease the Base Salary referred to herein. 

 1.3 “Board” shall mean the Board of Directors of the Company or of Sonabank, as the context so
requires. 
 1.4 “Business Day” means any day other than a Saturday, Sunday or Federal holiday. 
 1.5 “Cause” shall mean any of the following: (i) Executive’s commission of a willful act (including, without limitation, a dishonest
or fraudulent act which dishonest or fraudulent act results in personal gain to the Executive) or a grossly negligent act, or the willful or grossly negligent omission to act by Executive, which causes material financial or reputational harm to the
Company or an Affiliate; (ii) Executive’s conviction of, or plea of nolo contendere to, any felony involving dishonesty or fraud or that causes significant material financial or reputational injury to the Company or an Affiliate; or
(iii) Executive’s willful neglect of, or continued failure to substantially perform, in any material respect, her duties (as assigned to Executive from time to time) or obligations (including a material violation of Company or Affiliate
policy or procedures) to the Company or an Affiliate other than any such failure resulting from her incapacity due to physical or mental illness. For purposes of this Section, an act or omission is “willful” if it was knowingly done, or
knowingly omitted to be done, by Executive not in good faith and without reasonable belief that the act or omission was in the best interests of the Company or an Affiliate. Any act, or failure to act, based upon authority given pursuant to a
resolution duly adopted by the Board or based upon the advice of counsel for the Company or an Affiliate shall be conclusively presumed to be done, or omitted to be done, in good faith and in the best interests of the Company or an Affiliate, as
applicable. The Board of Directors of the Company (the Executive and any of her immediate family members recusing themselves from discussions, deliberations and voting) has the discretion, in other circumstances, to determine in good faith, from all
the facts and circumstances reasonably available to it, whether Executive’s act or omission was “willful.” 
 1.6 “Change
in Control” shall mean a change in the ownership of the Company or Sonabank, a change in the effective control of the Company or Sonabank or a change in the ownership of a substantial portion of the assets of the Company or Sonabank as provided
under Section 409A of the Code, as amended from time to time, and any Internal Revenue Service guidance, including Notice 2005-1, and regulations issued in connection with Section 409A of the Code. In no event, however, shall a Change in
Control be deemed to have occurred as a result of any acquisition of securities or assets of the Company, Sonabank, or a subsidiary of either of them, by the Company, Sonabank, or any subsidiary of them, or by any employee benefit plan maintained by
any of them. 
 1.7 “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 1.8 “Date of Termination” means (i) if the Executive’s employment is terminated by the Company or Sonabank for Cause or by the
Executive for Good Reason, ten (10) Business Days following the Company’s or Sonabank’s on the one hand, or Executive’s on the other, receipt of the Notice of Termination (as defined in Section 2.4) unless, in the case of
Cause, the 
  

 2 

 Company or Sonabank determines that the reason (or reasons) for the Cause termination is (or are) not curable in which
case the Date of Termination shall be the date set forth by the Company or Sonabank in the Notice of Termination, (ii) if the Executive’s employment is terminated by the Company or Sonabank without Cause, the Date of Termination shall be
the date on which the Company or Sonabank notifies the Executive of such termination, (iii) if the Executive’s employment is terminated by reason of death or Disability, the Date of Termination shall be the date of the death of the
Executive or the Disability Effective Date, as the case may be, and (iv) if the Executive resigns for reasons that do not constitute Good Reason, the Date of Termination shall be the last day of the month in which such resignation occurs.

 1.9 “Disability” means the determination by the Board of Directors of the Company or Sonabank (the Executive and any of her
immediate family members recusing themselves from discussions, deliberations and voting), in accordance with applicable law, based on information provided by a physician selected by the Company or Sonabank or its insurers and reasonably acceptable
to Executive or Executive’s legal representative, that, as a result of a physical or mental injury or illness, Executive has been unable to perform the essential functions of her job with or without reasonable accommodations for a period of
(i) 90 consecutive days or (ii) 180 days in any one calendar year period. The date that the Board of Directors makes such decision or that date after such decision that is determined by the Board to be the effective date of the
Executive’s Disability is the “Disability Effective Date.” 
 1.10 “Good Reason” shall mean any one of the following
events, without Executive’s written consent, following a Change in Control: (i) the assignment to Executive of duties materially inconsistent with Executive’s then-current level of authority or responsibilities, or any other action by
the Company or an Affiliate that results in a material diminution in Executive’s position, compensation, authority, duties or responsibilities; (ii) a breach by the Company or an Affiliate of any material term or covenant of any agreement
with Executive; (iii) a requirement that Executive be based at any office or location that is more than twenty-five (25) miles from the Executive’s principal office location immediately preceding a Change in Control; or (iv) a
failure by any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company or the Affiliate employing Executive to assume expressly and agree to perform
this Agreement in the same manner and to the same extent that the Company or an Affiliate would be required to perform it if no such succession had taken place. Executive must provide the Company or Sonabank, as applicable, written notice of any
claim of Good Reason within ninety (90) days after the occurrence of any action/inaction giving rise to such claim, and the Company or its Affiliate will have ten (10) Business Days to cure such claim. 
 1.11 “IRS” shall mean the Internal Revenue Service. 
 2. TERMINATIONS OF EMPLOYMENT TRIGGERING SEVERANCE BENEFITS. 
 2.1 Subject to Section 2.2, and provided that Executive has
executed the Mutual General Release, a copy of which is attached hereto as Exhibit A, the Company or an Affiliate will provide Executive with the benefits set forth in Section 3 if Executive’s employment is terminated for the
following reasons (“Qualifying Terminations”): (i) by the Company or an 
  

 3 

 Affiliate without Cause at any time; or (ii) by Executive for “Good Reason” at any time. The Mutual
General Release shall be executed by the Company and Sonabank and an executed copy shall be delivered to Executive promptly after receipt of the executed copy from Executive. 
 2.2 Except as otherwise set forth herein, in no event will benefits be payable to Executive under this Agreement in the event of termination due to
Executive’s retirement, termination by the Company or an Affiliate for Cause, or voluntary termination by Executive without Good Reason. 
 2.3 Notwithstanding the foregoing, the following payments will be made in a lump sum within ten (10) Business Days after Executive’s termination of employment for any reason or no reason (including by reason of Disability, but not
by reason of death): (i) earned but unpaid Base Salary through the date of termination; (ii) any accrued but unpaid vacation; (iii) any amounts payable under any employee pension or welfare benefit plans of the Company or an Affiliate
in accordance with the terms of those plans; and (iv) unreimbursed business expenses incurred by Executive on behalf of the Company or an Affiliate (in accordance with existing expense reimbursement policies of the Company or an Affiliate).

 2.4 Any termination by the Company or an Affiliate for Cause, or by the Executive for Good Reason, shall be communicated by Notice of
Termination to the other Party hereto given in accordance with Section 5.13 of this Agreement. For purposes of this Agreement, a “Notice of Termination” means a written notice which (i) indicates the specific termination
provision in this Agreement relied upon, (ii) to the extent applicable, 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
and (iii) indicates the Date of Termination (as defined above). The failure by the Executive on the one hand, or the Company or Sonabank, on the other hand, to set forth in a Notice of Termination any fact or circumstance which contributes to a
showing of Good Reason or Cause shall not waive any right of the Executive, or the Company or Sonabank, respectively, hereunder, or preclude the Executive, or the Company or Sonabank, respectively, from asserting such fact or circumstance in
enforcing the Executive’s, or the Company’s or Sonabank’s rights hereunder. 
 3. TERMINATION BENEFITS. 
 3.1 Subject to the conditions set forth in Section 2, the following benefits shall be paid or provided to Executive in the event Executive’s
employment is terminated in a Qualifying Termination: 
 (a) Cash Severance. (i) The Company or an Affiliate shall
pay to Executive in a lump sum an amount equal to three (3) times the sum of (i) Executive’s annual Base Salary as of the date on which the termination occurred and (ii) Executive’s target bonus amount for the year in which
the termination occurred, if such target bonus amount has been set by the Board. In the event that the Board has not set such target bonus amount, the target bonus amount shall be deemed to be equal to the bonus paid by the Company or an Affiliate,
as applicable, for the year prior to the year in which termination occurs. 
  

 4 

 (ii) Regardless of when the Qualifying Termination occurs the cash severance benefits in
this Section 3.1(a) shall be paid by the Company or an Affiliate to Executive in a lump sum within ten (10) days of the date of such Qualifying Termination. Notwithstanding the foregoing, no payments under this Section 3.1(a) shall
commence prior to the expiration of any revocation period required by law in connection with the release being provided to the Company and Sonabank by Executive under Section 2.1. 
 (b) Health Benefits. To the extent permissible under applicable law, the Company or an Affiliate shall continue to provide coverage
to Executive (and to Executive’s spouse and dependents who are covered as of date of the Qualifying Termination) under the health and welfare benefit plans the Company or an Affiliate maintains for active employees following Executive’s
Qualifying Termination, at the same cost to Executive and under the same terms applicable to active employees (and their dependents as was being paid prior to the Qualifying Termination), for a period of twenty-four (24) months after
Executive’s Qualifying Termination. Notwithstanding the foregoing, if Executive becomes employed with another employer during such twenty-four (24) month period and is eligible to receive substantially comparable health and welfare
benefits from such employer, the obligation of the Company and its Affiliates to provide the benefits described in this Section 3.1(b) shall cease on the date the Executive commences to receive such substantially comparable benefits. The
Executive shall provide the Company or the Affiliate with prompt notice of the commencement of such health benefits. 
 (c)
Incentive Plan Vesting. All awards under the Company’s 2004 Stock Option Plan, any Company restricted stock, stock appreciation right, phantom stock or other equity-based compensation plan, or any similar or successor plan, held by
Executive shall immediately and totally vest, become exercisable in full, all restrictions applicable to such awards shall lapse, and all performance measures with respect to such awards shall be deemed satisfied in full. 
 3.2 TAXATION AND WITHHOLDING. Neither the Company nor any Affiliate makes any representations or warranties with respect to, and has no responsibility or
liability for, the personal tax consequences of this Agreement to Executive. The Company and its Affiliates may make such provisions and take such steps as they may deem necessary or appropriate for the withholding of any taxes that the Company or
any Affiliate is required by any law or regulation of any governmental authority, whether federal, state or local, domestic or foreign, to withhold in connection with this Agreement. 
 3.3 GROSS-UP PAYMENT. (a) In the event that any payment, benefit or distribution by or on behalf of the Company or an Affiliate to or for the
benefit of Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (the “Payments”) is determined to be an “excess parachute payment” pursuant to Section 280G
of the Internal Revenue Code of 1986, as amended (the “Code”) or any successor or substitute provision of the Code, with the effect that Executive is liable for the payment of the excise tax described in Code Section 4999 or any
successor or substitute provision of the Code (the “Excise Tax”), then the Company or an Affiliate shall pay to Executive an additional amount (the “Gross- 
  

 5 

 Up Payment”) such that the net amount retained by Executive, after deduction of any Excise Tax on the Payments and
any federal, state and local income and employment taxes and Excise Tax on the Gross-Up Payment, shall be equal to the Payments. All determinations required to be made under this paragraph, and the assumptions to be utilized in arriving at such
determination, shall be made by the registered public accounting firm used for auditing purposes by the Company or an Affiliate immediately prior to Executive’s employment termination or, if the Parties determine that such registered public
accounting firm cannot make such determination because of legal restrictions, the Parties shall agree on a different registered public accounting firm (such registered public accounting firm is hereinafter referred to as the “Accounting
Firm”), which shall provide detailed supporting calculations both to the Company (or the Affiliate) and Executive. The Company or the Affiliate shall pay all fees and expenses of the Accounting Firm. Any determination by the Accounting Firm
shall be binding upon the Company, the Affiliate and the Executive, except as provided in the following sentences. As a result of the uncertainty in the application of Code Sections 280G and 4999 at the time of the initial determination by the
Accounting Firm hereunder, it is possible that the Internal Revenue Service (“IRS”) or other agency will claim that a greater or lesser Excise Tax is due. In the event that the Excise Tax is finally determined to be less than the amount
taken into account hereunder in calculating the Gross-Up Payment, Executive shall repay to the Company or an Affiliate, at the time that the amount of such reduction in Excise Tax is finally determined, the portion of the Gross-Up Payment
attributable to such reduction (plus that portion of the Gross-Up Payment attributable to the Excise Tax and federal, state and local income and employment taxes imposed on the Gross-Up Payment being repaid by Executive to the extent that such
repayment results in a reduction in Excise Tax and/or a federal, state or local income or employment tax deduction). In the event that the Excise Tax is determined to exceed the amount taken into account hereunder in calculating the Gross-Up Payment
(including by reason of any payment the existence or amount of which cannot be determined at the time of the Gross-Up Payment), the Company or an Affiliate shall make an additional Gross-Up Payment in respect of such excess (plus any interest,
penalties or additions payable by Executive with respect to such excess) at the time that the amount of such excess is finally determined. Executive and the Company (or the Affiliate) shall each reasonably cooperate with the other in connection with
any administrative or judicial proceedings concerning the existence or amount of liability for Excise Tax with respect to the Payments. The Company or an Affiliate shall pay all fees and expenses of Executive relating to a claim by the IRS or other
agency for the Excise Tax as provided below. 
 (b) Executive shall notify the Company or the Affiliate who paid the Gross-Up Payment in
writing of any claim by the IRS that, if successful, would require the payment by the Company or an Affiliate of the Gross-Up Payment or an additional Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten
(10) Business Days after Executive is informed in writing of such claim and shall apprise the Company or the Affiliate of the nature of such claim and the date on which such claim is requested to be paid. Executive shall not pay such claim
prior to the expiration of the 30-day period following the date on which Executive gives such notice to the Company or the Affiliate (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the
Company or an Affiliate notifies Executive in writing prior to the expiration of such period that it desires to contest such claim, the Company or an Affiliate, subject to the provisions of this Section 3.3, shall control all proceedings taken
in connection with such contest and, at its sole option, may pursue or forgo 
  

 6 

 any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such
claim and may, at its sole option, either direct Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner. In this connection, Executive agrees, subject to the provisions of this Section 3.3, to
(i) prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company or the Affiliate shall determine, (ii) give the Company or the
Affiliate any information reasonably and timely requested by the Company or the Affiliate relating to such claim, (iii) take such action in connection with contesting such claim as the Company or the Affiliate shall reasonably request in
writing from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company, (iv) cooperate with the Company and the Affiliate in good faith in order to
effectively contest such claim, and (v) permit the Company and the Affiliate to participate in any proceedings relating to such claim. The foregoing is subject, however, to the following: (i) the Company or an Affiliate shall bear and pay
directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold Executive harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and
penalties with respect thereto) imposed in connection therewith, (ii) if the Company directs Executive to pay such claim and sue for a refund, the Company or an Affiliate shall advance the amount of such payment to Executive, on an
interest-free basis and shall indemnify and hold Executive harmless, on an after-tax basis, from any Excise Tax or income tax (including interest or penalties with respect thereto) imposed with respect to such advance or with respect to any imputed
income with respect to such advance, (iii) any extension of the statute of limitations relating to payment of taxes for the taxable year of Executive with respect to which such contested amount is claimed to be due shall be limited solely to
such contested amount, and (iv) the Company’s or the Affiliate’s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and Executive shall be entitled to settle or
contest, as the case may be, any other issue raised by the IRS or any other taxing authority. 
 (c) The Company or the Affiliate will, if
necessary or appropriate in order to retain the benefits under this Agreement, submit for stockholder approval, and the Board of Directors of the Company or the Affiliate will recommend that stockholders approve, all payments to be made hereunder in
order to avoid any limitation, prohibition or adverse tax consequences under applicable federal and state tax laws. 
 3.4 EXECUTIVE’S
DEATH. If Executive dies before the completion of any payments or benefits required under this Section 3, the Company or an Affiliate will make or continue all payments and benefits to Executive’s surviving spouse, if any, or
Executive’s estate in accordance with this Section. 
 3.5 PAYMENT IN LIEU. If the provision of any of the benefits covered by this
Article 3 would trigger the 20% excise tax and interest penalties under Section 409A of the Code, then the benefit(s) that would trigger such tax and interest penalties shall not be provided (the “Excluded Benefits”), and in lieu of
the Excluded Benefits, the Company or Sonabank shall pay to the Executive, in a lump sum within thirty (30) days following termination of employment or within thirty (30) days after such determination should it occur after termination of
employment, a cash amount equal to the cost to the Employer of providing the Excluded Benefits. 
  

 7 

 4. RESTRICTIVE COVENANTS 
 4.1 TRADE SECRETS. Executive acknowledges that she has had, and will have, access to confidential information of the Company and its Affiliates (including, but not limited to, current and prospective confidential
know-how, customer lists, marketing plans, business plans, financial and pricing information, and information regarding acquisitions, mergers and/or joint ventures) concerning the business, customers, contacts, prospects, and assets of the Company
and its Affiliates that is unique, valuable and not generally known outside the Company and its Affiliates, and that was obtained from the Company or an Affiliate or which was learned as a result of the performance of services by Executive on behalf
of the Company or an Affiliate (“Trade Secrets”). Trade Secrets shall not include any information that: (i) is now, or hereafter becomes, through no act or failure to act on the part of Executive that constitutes a breach of this
Section 4, generally known or available to the public; (ii) is known to Executive at the time such information was obtained from the Company or an Affiliate; (iii) is hereafter furnished without restriction on disclosure to Executive
by a third party, other than an employee or agent of the Company or an Affiliate, who is not under any obligation of confidentiality to the Company or an Affiliate; (iv) is disclosed with the written approval of the Company or an Affiliate; or
(v) is required to be disclosed or provided by law, court order, order of any regulatory agency having jurisdiction or similar compulsion, including pursuant to or in connection with any legal proceeding involving the Parties hereto; provided
however, that such disclosure shall be limited to the extent so required or compelled; and provided further, however, that if Executive is required to disclose such confidential information, she shall give the Company notice of such disclosure and
cooperate in seeking suitable protections. Other than in the course of performing services for the Company and its Affiliates, Executive will not, at any time, directly or indirectly use, divulge, furnish or make accessible to any person any Trade
Secrets, but instead will keep all Trade Secrets strictly and absolutely confidential. Executive will deliver promptly to the Company or the Affiliate that employed Executive, at the termination of her employment or at any other time at the request
of the Company or an Affiliate, without retaining any copies, all documents and other materials in her possession relating, directly or indirectly, to any Trade Secrets. 
 4.2 NON-COMPETITION. Beginning on the Effective Date and for a period continuing through the later of (i) twelve (12) months following termination of Executive’s employment with the Company and all
Affiliates and (ii) the period the Company or an Affiliate is making severance payments to Executive under Section 3.1(a) (the “Restricted Period”), Executive shall not directly or indirectly own any interest in, operate, control
or participate as a partner, director, principal, member, lender, sponsor, officer, or agent of, enter into the employment of, act as a consultant to, or perform any services for, any company, person, or entity engaged in a Competitive Business (as
defined herein). A “Competitive Business” shall mean any person or entity that is involved in or seeks to become involved in providing deposits, money market accounts, certificates of deposit or other typical retail banking deposit-type
services or loans on a retail level, to individuals, businesses or non-profit entities in any State in the United States in which the Company or an Affiliate is doing business at the time of 
  

 8 

 termination of Executive’s employment. Notwithstanding the foregoing, nothing in this Agreement shall prevent the
Executive from owning for passive investment purposes not intended to circumvent this Agreement, less than five percent (5%) of the publicly traded voting securities of any company engaged in the banking, financial services, insurance,
brokerage or other business similar to or competitive with the Company or any Affiliate (so long as the Executive has no power to manage, operate, advise, consult with or control the competing enterprise and no power, alone or in conjunction with
other affiliated parties, to select a director, manager, general partner, or similar governing official of the competing enterprise other than in connection with the normal and customary voting powers afforded the Executive in connection with any
permissible equity ownership). 
 4.3. NON-SOLICITATION OF EMPLOYEES. During the Restricted Period, Executive shall not, directly or
indirectly solicit, induce or hire, or attempt to solicit, induce or hire, any current employee of the Company or an Affiliate, or any individual who becomes an employee during the Restricted Period, to leave his or her employment with the Company
or an Affiliate or join or become affiliated with any other business or entity, or in any way interfere with the employment relationship between any employee and the Company or an Affiliate. 
 4.4 NON-SOLICITATION OF CUSTOMERS. During the Restricted Period, Executive shall not, directly or indirectly, solicit or induce, or attempt to solicit or
induce, any customer, lender, supplier, licensee, licensor or other business relation of the Company or an Affiliate to terminate its relationship or contract with the Company or an Affiliate, to cease doing business with the Company or an
Affiliate, or in any way interfere with the relationship between any such customer, lender, supplier, licensee or business relation and the Company or an Affiliate (including making any negative or derogatory statements or communications concerning
the Company or an Affiliate or their directors, officers or employees). 
 4.5 IRREPARABLE HARM. Executive acknowledges that:
(i) Executive’s compliance with this Agreement is necessary to preserve and protect the proprietary rights, Trade Secrets, and the goodwill of the Company or an Affiliate as going concerns, and (ii) any failure by Executive to comply
with the provisions of this Agreement will result in irreparable and continuing injury for which there will be no adequate remedy at law. In the event that Executive fails to comply with the terms and conditions of this Agreement, the obligations of
the Company and its Affiliates to pay the severance benefits set forth in Section 3 shall cease, and the Company or an Affiliate will be entitled, in addition to other relief that may be proper, to all types of equitable relief (including, but
not limited to, the issuance of an injunction and/or temporary restraining order) that may be necessary to cause Executive to comply with this Agreement, to restore to the Company and its Affiliates their property, and to make the Company and its
Affiliates whole. 
 4.6 SURVIVAL. The provisions set forth in this Section 4 shall survive termination of this Agreement. 

4.7 SCOPE LIMITATIONS. If the scope, period of time or area of restriction specified in this Section 4 are or would be judged to be unreasonable
in any court proceeding, then the period of time, scope or area of restriction will be reduced or limited in the manner and 
  

 9 

 to the extent necessary to make the restriction reasonable, so that the restriction may be enforced in those areas,
during the period of time and in the scope that are or would be judged to be reasonable. 
 5. MISCELLANEOUS 
 5.1 EMPLOYMENT STATUS. Nothing herein shall be deemed to create any term of employment, it being expressly understood and agreed between the Parties that
Executive’s employment is at will and that either Party may terminate such employment at any time. 
 5.2 GOVERNING LAW. All provisions
of this Agreement will be construed and governed by Virginia law without regard to its choice of law principles or the laws of any other jurisdiction. Any suit, claim or other legal proceeding for injunctive relief arising out of or relating to this
Agreement shall be brought exclusively in the federal or state courts located in Alexandria, Virginia, and Executive and the Company and its Affiliates hereby submit to personal jurisdiction in the Commonwealth of Virginia and to venue in such
courts. Notwithstanding the foregoing, a Party may seek and obtain injunctive relief against any other Party in any court having jurisdiction over Executive. 
 5.3 ARBITRATION. The Company and Executive agree to arbitrate any controversy or claim arising out of this Agreement or the termination of Executive’s employment to the extent set forth herein required (but not
including any claims of breach of any employment contract, wrongful termination or age, sex, race or other discrimination); provided that the Company and Executive shall have the right to, and be permitted to, seek and obtain injunctive relief from
a court of competent jurisdiction pursuant to Section 4.5 above. Any such arbitration shall be fully and finally resolved in binding arbitration in a proceeding in Alexandria, Virginia, in accordance with the national Rules for the Resolution
of Employment Disputes of the American Arbitration Association before a single arbitrator. The arbitrator shall not have the authority to modify or change any of the terms of this Agreement, except as provided in Section 5.4 hereof. The
arbitrator’s award shall be final and binding upon the Parties, and judgment upon the award may be entered in any court of competent jurisdiction in any state of the United States or country or application may be made to such court for a
judicial acceptance of the award and an enforcement as the law of such jurisdiction may require or allow. 
 5.4 SEVERABILITY. Every
provision of this Agreement is intended to be severable. If any provision or portion of a provision is illegal or invalid, then that portion shall be re-negotiated by the Parties or recast by an arbitrator or court, consistent with the intent of the
Parties reflected herein, so that it is not illegal or invalid, and the remainder of this Agreement shall not be affected. Moreover, any provision of this Agreement which is determined to be unreasonable, arbitrary or against public policy shall be
modified as necessary so that it is not unreasonable, arbitrary or against public policy while maximizing the intent of the Parties. 
 5.5
ENTIRE AGREEMENT. Except as provided in Section 5.8 and in any non-disclosure, non-solicitation, intellectual property or similar agreement signed by Executive, with respect to its subject matter, this Agreement and the Mutual General Release
attached hereto as Exhibit A constitute the entire understanding of the Parties superseding all prior agreements, understandings, negotiations and discussions between them, whether written or oral, and there are no other understandings,
representations, warranties or commitments with respect thereto. 
  

 10 

 5.6 SUCCESSORS AND ASSIGNS. This Agreement is personal to the Executive and without the prior written
consent of the Company, shall not be assignable by the Executive. To the extent provisions contained herein relate to the Executive’s legal representatives, successors or permitted assigns this Agreement shall inure to the benefit of and be
enforceable by such legal representatives, successors or permitted assigns. This Agreement shall inure to the benefit of and be binding upon the Company, Sonabank, Affiliates and their respective successors and assigns. The Company and Sonabank will
require any successor to the Company or to any Affiliate obligated hereunder (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company or of any Affiliate
obligated hereunder to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company or any Affiliate obligated hereunder would be required to perform it if no such succession had taken place. As
used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as set forth herein and any successor to its business and/or assets as set forth herein which assumes and
agrees to perform this Agreement. In addition, the term “Affiliate” shall mean any Affiliate of the Company (including Sonabank) as hereinbefore defined and obligated hereunder and any successor to its business and/or assets as set forth
herein and any successor to its business and/or assets as set forth herein which assumes and agrees to perform this Agreement. 
 5.7
AMENDMENT. This Agreement may only be amended or terminated by a written agreement executed by the Company, Sonabank and Executive. 
 5.8
INSURANCE AND INDEMNIFICATION. The Company or the Affiliate that employed Executive agrees to indemnify Executive on at least the same basis and for the same period of time as other directors and officers, in accordance with applicable state law and
the Company’s or the Affiliate’s (as applicable) Articles of Incorporation and/or Bylaws. If there occurs any Change in Control of the Company or any Affiliate where the acquirer of the Company or the Affiliate, that, at such time, employs
or employed Executive, agrees to indemnify and/or insure some or all of the directors or officers of the Company or the Affiliate, the Company or the Affiliate will make it a condition to the closing of the Change in Control transaction that the
Executive be indemnified and/or insured to the same extent as the other directors or officers who will obtain such coverage in said transaction(s). 
 5.9 LEGAL FEES. The Company or an Affiliate agrees to pay promptly as incurred, to the full extent permitted by law, all documented legal fees and expenses that Executive may reasonably incur as a result of any contest by the Company or an
Affiliate, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement, unless the court or arbitrator, as the case may be, finds the Executive’s claims or defenses to be wholly without
merit. 
 5.10 EFFECT ON OTHER OBLIGATIONS. The obligations of the Company or an Affiliate to make the payments provided for in this
Agreement and otherwise to perform its 
  

 11 

 obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or
action that the Company or an Affiliate may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the
provisions of this Agreement, except as provided in Section 3.1(b). 
 5.11. NO WAIVER. No failure or delay by the Company or an
Affiliate on the one hand, or Executive on the other hand, in enforcing or exercising any right or remedy hereunder shall operate as a waiver thereof. Any such waiver or consent shall be given in writing, signed by the Company or the Affiliate, or
the Executive, as applicable, and be effective only in the specific instance and for the purpose for which given. 
 5.12 REGULATORY
RESTRICTIONS. Any and all payments to be made hereunder are subject to the prohibitions, limitations and restrictions under applicable law and regulation, including the Federal Deposit Insurance Act (12 U.S.C. Sections 1811, 1813(x)(1), 1818 (e)(3)
or (e)(4) or (g)(1)), 1828 (k) and Part 359 of the Regulations of the Federal Deposit Insurance Corporation (12 C.F.R. Part 359, Section 359.0, et seq.). 
 5.13 NOTICES. All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other Party or by registered
or certified mail, return receipt requested, postage prepaid, as follows: 
  

			
	If to the Company or Sonabank:	  	Southern National Bancorp of Virginia, Inc.
		  	1002 Wisconsin Avenue, NW
		  	Washington, D.C. 20007
		  	Attn: Secretary
	 With a copy (which shall not
             constitute notice) to:
	  	Elias Matz Tiernan & Herrick L.L.P.
		  	734 15th Street, NW
		  	12th Floor
		  	Washington, D.C. 20005
		  	Attn: Timothy B. Matz, Esq.
	If to the Executive:	  	Ms. Georgia S. Derrico
		  	2954 Burrland Lane
		  	The Plains, Virginia 20198

 or to such other address as either Party shall have furnished to the other in writing in accordance herewith.
Notice and communications shall be effective when actually received by the addressee. 
 5.14. COUNTERPARTS. The Parties may execute this
Agreement in one or more counterparts, all of which together shall constitute but one Agreement. 
  

 12 

 IN WITNESS WHEREOF, each Party has executed this Change in Control Agreement or caused this Change in
Control Agreement to be duly executed as of the Effective Date. 
  

			
	SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	SONABANK, NATIONAL ASSOCIATION
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	EXECUTIVE
		
	 By:
	 	  

	 Name:
	 	 Georgia S. Derrico

  

 13 

 EXHIBIT A 
 MUTUAL GENERAL RELEASE 
 THIS MUTUAL GENERAL RELEASE (this “Agreement”) is entered into as
of                     , 20         by and between Georgia S. Derrico (the
“Executive”) on the one hand, and Southern National Bancorp of Virginia, Inc. a Virginia corporation (the “Company”) and Sonabank, National Association, a national bank (“Sonabank”) on the other. Each of the Company and
Executive is a “Party” to this Agreement, and, together, they are the “Parties” hereto. 
 RECITALS

 WHEREAS, the Company, Sonabank and Executive are entering into a Change in Control Agreement, dated as of August
            , 2006 (the “Change in Control Agreement”); 
 WHEREAS, the Change in Control Agreement requires that this Agreement be executed by the Company, Sonabank and Executive at the time of a Qualifying Termination as a condition to the Company’s payment of severance benefits to Executive
under the Change in Control Agreement; 
 NOW THEREFORE, in consideration of the foregoing and the mutual covenants set forth herein, the
Parties hereto hereby agree as follows: 
 1. Certain Actions to Be Taken By Executive. 
 (a) On the closing date of any Change in Control (as such term is defined in the Change in Control Agreement) transaction, if requested in writing by the
acquirer in said transaction, the Executive shall execute and deliver, in a form satisfactory to such acquirer, a resignation from all positions she holds as a director or officer of the Company or any Affiliate (as such term is defined in the
Change in Control Agreement) of the Company. 
 (b) In the event a claim (written or oral) arises for which indemnification is or may be
sought by the Executive under the Change in Control Agreement, Executive shall promptly notify the Company and Sonabank in writing, at the address set forth in the Change in Control Agreement, of the commencement of such legal action or existence
of, and facts relating to, such claim. 
 (c) Executive agrees to cooperate in the defense of any action for which indemnification is sought
under the Change in Control Agreement. Such cooperation shall include, but not be limited to, providing the Company and Sonabank and their respective counsel copies of any and all relevant documents relating to the claim, consulting with the
Company, Sonabank and their respective counsel with regard to the claim, providing testimony, either in deposition or at trial or both, regarding the facts relating to the claim, making herself available at all reasonable times for consultation,
testimony and fact finding and otherwise furnishing such information to the Company, Sonabank and their respective counsel as Executive would provide to her own counsel in the event she were defending the action herself. Except as expressly
permitted by the Company or Sonabank, as the case may be, Executive shall not object to the 
  

 A-1 

 production or use of any documents prepared by Executive, or of information provided to the Company’s or
Sonabank’s legal counsel on the basis of any claim of privilege that is available to the Company or Sonabank, as the case may be. Such cooperation shall be provided regardless of whether the Company or Sonabank assumes the defense of the
action, provided that the Company or Sonabank is providing indemnification under the Change in Control Agreement, provides to Executive reasonable compensation for her time, reimburses her expenses relating to these activities and is not in breach
of its obligations under the Change in Control Agreement or this Agreement. For purposes of this Agreement and the Change in Control Agreement, the termination of any claim, action, suit or proceeding by judgment, order, settlement (whether with or
without court approval) shall not of itself create a presumption that the Executive did or did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is or is not permitted by
applicable law. 
 2. Releases. 
 (a) Provided that the Company and Sonabank are not in material breach of the Change in Control Agreement or this Agreement, and except for any Claims (as hereinafter defined) under this Agreement or the Change in
Control Agreement, for good and valuable consideration, the receipt of which is hereby acknowledged by Executive, Executive, for herself and for her heirs, spouses, estates, beneficiaries, executors, trusts, personal representatives, successors and
assigns, and all those claiming by, through, under or in concert with them or any of them, does hereby release completely and forever discharge the Company, its Affiliates and their respective directors, officers, employees, agents, successors and
assigns from any and all claims, debts, liabilities, losses, promises, expenses, costs, damages, actions, obligations, or cause(s) of action, of any kind whatsoever (“Claims”), whether asserted by way of affirmative claims, counter-claims,
defenses or offsets or otherwise, in any proceeding whatsoever, whether due and owing in the past, present or future and whether based on contract, tort, statute, regulation or any other legal or equitable theory of recovery and whether known or
unknown, suspected or unsuspected, fixed or contingent, matured or unmatured, with respect to, pertaining to or arising out of Executive’s employment with the Company or any Affiliate thereof or her service as a director or a member of a
committee of the Board of Directors of the Company or any Affiliate thereof. 
 (b) Provided that Executive is not in material breach of the
Change in Control Agreement or this Agreement, and except for any Claims under this Agreement or the Change in Control Agreement, for good and valuable consideration, the receipt of which is hereby acknowledged by the Company and Sonabank, the
Company and Sonabank, for itself and for its Affiliates and their respective directors, officers, employees, agents, successors and assigns, and all those claiming by, through, under or in concert with them or any of them, does hereby release
completely and forever discharge Executive and her legal representatives, successors and assigns from any and all Claims, whether asserted by way of affirmative claims, counter-claims, defenses or offsets or otherwise, in any proceeding whatsoever,
whether due and owing in the past, present or future and whether based on contract, tort, statute, regulation or any other legal or equitable theory of recovery and whether known or unknown, suspected on unsuspected, fixed or contingent, matured or
unmatured, with respect to, pertaining to or arising out of Executive’s employment with the Company or any Affiliate thereof or her service as a director or a member of a committee of the Board of Directors of the Company or any Affiliate
thereof. 
  

 A-2 

 (c) The Parties acknowledge that they may hereafter discover claims and/or facts now unknown or
unsuspected, or in addition to, or different from, those which the Parties now know or believe to be true with respect to this Agreement. Nevertheless, the Parties intend by this Agreement to release fully, finally, and forever all claims released
hereby. Accordingly, this Agreement shall remain in full force as a complete release of such claims notwithstanding the discovery or existence of any such additional or different claims and/or facts before or after the date of this Agreement.

 3. Representation and Warranty. Each Party to this Agreement represents and warrants to the other that it or she (as the
case may be) (a) is the lawful owner of everything released hereunder, (b) has all necessary power and authority to make such release, and including the absence of any duty or obligation that would prevent, or be put in breach or default
by, such release, and (c) has not heretofore transferred or attempted to transfer all or any part of any such thing released in any manner whatsoever, including by way of subrogation or operation of law. The Parties represent and warrant
further to each other that each has been, or has had the opportunity to be, represented by his or its own counsel, that this Agreement is executed voluntarily, and without duress or undue influence on the part of or on behalf of either Party.

 4. Notices. All notices or other communications which are required or permitted hereunder shall be in writing and sufficient
if delivered as set forth in Section 5.13 of the Change in Control Agreement. 
 5. Disclosure. (a) The Company,
Sonabank and Executive will respond to any and all third party queries (including press queries) regarding Executive’s termination of employment by the following statement: “The Company and Ms. Derrico have agreed to end their
relationship on an amicable basis and have no further comment on the matter.” 
 (b) No Party will disclose the terms or conditions of
this Agreement to anyone other than her spouse, or their counsel, accountants, directors, officers who need to know the contents hereof or the appropriate regulatory agencies having jurisdiction, or an arbitrator or court of competent jurisdiction.

 (c) No Party will make any comment, oral or written, relating to the other Party, her spouse or any of its directors, officers, employees
or agents, which may be construed as derogatory, critical or harmful to the reputation of the other Party. 
 6. General.

 (a) The terms of this Agreement shall be binding upon the Parties hereto and their respective heirs, spouses, estates, beneficiaries,
executors, trusts, personal representatives, successors and assigns. 
  

 A-3 

 (b) This Agreement represents the entire understanding of the Parties with respect to the subject matter
hereof and supersedes all prior understandings, written or oral. The terms of this Agreement may be changed, modified or discharged only by an instrument in writing signed by each of the Parties hereto. 
 (c) This Agreement shall be construed, enforced and interpreted in accordance with, and governed by, the laws of the Commonwealth of Virginia, without
reference to its principles of conflicts of law, except to the extent that federal law shall be deemed to preempt such state laws. 
 (d) Any
capitalized terms not defined in this Agreement shall have as their meaning the definitions contained in the Change in Control Agreement, but the Change in Control Agreement is not otherwise a part of this Agreement. 
 (e) This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, and all of which shall constitute one and the
same Agreement. 
 (f) References herein to the masculine or feminine gender shall be deemed to refer to the other or neuter gender where
appropriate. 
 (g) This Agreement shall not be construed as an admission of liability, fault or wrongdoing by either Party and each Party
specifically disclaims liability, fault or wrongdoing and each Party agrees that this Agreement shall not be used or admitted into evidence in any proceeding of any kind, including judicial, administrative or arbitrative, except for proceeding to
enforce this Agreement or the Change in Control Agreement. 
 7. Effectiveness. Executive acknowledges that she will have
twenty-one (21) days following her receipt of this Agreement to consider executing this Agreement, and an additional period of seven (7) days following her execution of this Agreement in which to revoke this Agreement. Her notice of
revocation must be in writing and given to William H. Lagos, the Chief Financial Officer of the Company, 1002 Wisconsin Avenue, NW, Washington, D.C. 20007 within seven (7) days after signing this Agreement and either delivered personally or
sent certified or registered mail return receipt requested. If Executive has not revoked her acceptance of this Agreement within this seven (7) day period, this Agreement’s effectiveness will become final. If Executive does revoke this
Agreement, neither Executive nor the Company will be required to satisfy any of the terms of this Agreement. Executive has the right, if she so chooses, to execute this Agreement prior to the expiration of the twenty-one (21) day period. This
Agreement shall not be effective or enforceable until the expiration of the seven (7) day period after Executive executes this Agreement. Notwithstanding anything to the contrary contained herein, this Agreement shall not be effective unless
and until it is executed subsequent to the occurrence of a Qualifying Termination. 
  

 A-4 

 IN WITNESS WHEREOF, the Company and Sonabank have caused this Agreement to be executed by their duly
authorized officers, and Executive has signed this Agreement, as of the date first above written. 
  

			
	EXECUTIVE:
		
	By:	 	  

	Name:	 	Georgia S. Derrico
	
	SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	SONABANK, NATIONAL ASSOCIATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 A-5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00107-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00107-of-00352.parquet"}]]