Document:

exv10w33

 

Exhibit
10.33

STOCK OPTION AGREEMENT

     STOCK OPTION AGREEMENT dated December 15, 2006 between MACKINAC FINANCIAL CORPORATION (the
“Company”) and DAVID C. CRIMMINS (the “Optionee”).

RECITALS:

     A. Optionee is a currently serving as an officer/employee of the Company and the
Company has determined that Optionee’s continued service as on officer/employee of the
Company can have a significant effect on the future success of the Company.

     B. The Company hereby grants to Optionee the option to purchase from the
Company fifteen thousand (15,000) shares of the Company’s Common Stock (the “Option
Shares”) at a purchase price per share equal to equal to 100% of the Fair Market Value (as
defined in the Plan) of each such share, which the parties agree to be ten and 65/100 dollars
($10.65) (the “Exercise Price”). Such options are to be issued under and in accordance with the
terms and conditions of the Company’s 2000 Stock Incentive Plan (the “Plan”) and this
Agreement.

     C. The Directors of the Company have approved the grant to Optionee of the option
to purchase the Option Shares in accordance with the Plan and this Agreement.

     IT IS HEREBY AGREED AS FOLLOWS:

     1. Grant of Option: Effectiveness. Subject to the terms of the Plan and this
Agreement, the Company hereby grants and awards to Optionee the right and option to purchase all
or any of the Option Shares upon payment to the Company of the Exercise Price per share as
hereinafter provided.

     2. Vesting. (a) The right and option to purchase 20% of the Option Shares shall vest and be
exercisable beginning on the day following the Closing under the Stock Purchase Agreement and
continuing through the balance of the Option Term (as hereinafter defined). The options for the
remaining 80% of the Option Shares shall vest and be exercisable in increments as provided below as
and when the Ten Day Trading Price (as hereinafter defined) for the Company’s Common Stock shall
equal or exceed one or more of the Target Prices during the Pricing Periods specified below:

 

 

	 	 	 	 	 	 	 	 	 
	Exercise Price x 1.15
	 	After the first year of the Option Term	 	 	20	%
	 
	 	 	 	 	 	 	 	 
	Exercise Price x 1.30
	 	After the second year of the Option Term	 	 	20	%
	 
	 	 	 	 	 	 	 	 
	Exercise Price x 1.45
	 	After the third year of the Option Term	 	 	20	%
	 
	 	 	 	 	 	 	 	 
	Exercise Price x 1.45
	 	After the fourth year of the Option Term	 	 	20	%

For purposes of this Agreement, the “Ten Day Trading Price” shall mean the closing price for
the Company’s Common Stock on the Nasdaq Small Cap market for any 10 consecutive days on which the
Nasdaq market system is open and available for trading. For purposes of making the foregoing
determination, if for any reason no shares of the Company’s Common Stock are traded on any day
that the Nasdaq market is open and available for trading, the closing price for such date shall be
the closing price on the first preceding day on which shares of the Company’s Common Stock were
traded.

(b) Notwithstanding the foregoing vesting schedule, but subject to the terms of Section 3, all
unvested options for Option Shares shall vest and become immediately exercisable upon: (i)
termination of the Employment Agreement by the Company for any reason other than Cause (as defined
in the Employment Agreement); (ii) Optionee’s Retirement (as defined in the Plan), or early
retirement or resignation with the consent of the Company as contemplated by Section 10(a) and (b)
of the Plan; (ill) the death or disability of the Optionee; or (iv) a Change of Control (as defined
in the Plan) of the Company.

     3. Option Period. Subject to the terms of this Agreement (including Section 2), the
options may be exercised and Option Shares may be purchased at any time and from time to time
beginning on the first day after the date hereof and ending on and prior to the tenth anniversary
of the date hereof (the “Option Term”), subject to the following:

          (a) Except as otherwise provided in this Section 3, in the event Optionee
ceases to remain in Service while this option is outstanding, the options then vested shall remain
exercisable until the earlier of (i) the last day of the 36th month after the month Service is
terminated, or (ii) the expiration of the Option Period; and

          (b) Any vested and unexercised options shall expire at the time the Optionee’s
Service is terminated for Misconduct.

          (c) Except for early retirement or resignation with the consent of the
Company as contemplated by Section 10(a) and (b) of the Plan, any unexercised options shall
expire at the time Optionee’s Service is voluntarily terminated by the Optionee.

          (d) For purposes of this Section 3 and for all other purposes under this
Agreement:

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          (1) The Optionee shall be deemed to remain in “Service” for so long as
he continues to render periodic service to the Company or any parent or subsidiary of
the Company, whether as an employee or a non-employee member of the Board of Directors.

          (2) “Misconduct” means the commission of any act of fraud,
embezzlement or dishonesty by the Optionee, any unauthorized use or disclosure by the
Optionee of confidential information or trade secrets of the Company or any parent or
subsidiary of the Company, or any other intentional misconduct by such person adversely
affecting the business or affairs of the Company or any parent or subsidiary of the
Company in a material manner. The foregoing definition shall not be deemed to be
inclusive of all the acts or omissions which the Company or any parent or subsidiary of
the Company may consider as grounds for the removal or discharge of Optionee from
Service.

     4. Procedure for Exercise. Subject to conditions of this Agreement, the options may
be exercised at any time and from time to time during the Option Period by delivering written
notice to the Company, signed by Optionee, an Authorized Transferee, or
post-death representative, specifying the number of Option Shares to be purchased.

     5. Payment, of Option Price. The purchase price for the Option Shares shall be paid
in full in cash.

     6. Transferability of Options. Except as otherwise provided in this
Section, the options shall not be sold, pledged, assigned, or transferred in any way, nor be assignable by
operation of law or be subject to execution, levy, attachment or similar process. Except as
provided in this Section, any attempted sale, pledge, assignment or other transfer contrary to
the terms hereof, and any execution, levy, attachment or similar process, shall be null and void
and without any effect. Notwithstanding the foregoing, the options shall, subject to the
conditions set forth in this Section, be transferable by the Optionee by gift or other transfer that involves
no payment of consideration to the Optionee to the Optionee’s spouse and/or the descendents or to
a trust created primarily for the benefit of the Optionee, the Optionee’s spouse and/or the
Optionee’s descendents (“Authorized Transferee”). An Authorized Transferee shall have no
right to transfer the options. An Authorized Transferee shall succeed to all rights and
benefits (except the right to further transfer the options) and be subject to all obligations,
conditions and limitations of the Optionee. However, such rights and benefits (except the rights to further
transfer the options) and obligations, conditions and limitations shall be determined as if
the Optionee continued to hold the options, and the provisions of this Option Agreement dealing
with termination of Service, Retirement, disability and death of an Optionee continue to refer
to the Optionee regardless of whether the options are or are not transferred to an Authorized
Transferee. In order to transfer options, the Optionee must first give prior written notice
to the Company stating the name, address and tax identification or social security number of the
proposed transferee and the relationship of the proposed transferee to the Optionee. The
option may not be transferred if the transfer would constitute a violation of any applicable federal
or state securities or other law or regulation.

     7. Conformity with Plan. Except as otherwise provided herein, the options are
subject to all applicable provisions of the Plan which is incorporated herein by reference.
Any matters not addressed herein shall be governed by the terms of the Plan.

3

 

     8. Adjustments. The Company shall make appropriate and proportionate
adjustments to the number of Option Shares and the Exercise Price to reflect any stock
dividend, stock split, or combination of shares, merger, consolidation, or other change in the
capitalization of the Company, as provided in Section 13 of the Plan. In the event of any such adjustment,
all new, substituted, or additional securities or other property to which Optionee is entitled
under the options shall be included in the term “Option Shares.”

     9. Postponement of Delivery of Shares. The Company, in its discretion, may
postpone the issuance or delivery of Option Shares upon any exercise of the options until
completion of any then pending registration of such shares under the Securities Act of 1933,
as amended (“Securities Act”), covering the resale of such securities by Optionee.

     10. Rights as a Shareholder. The Optionee shall have no rights as a shareholder with
respect to any Option Shares until the Optionee becomes the holder of record of such shares.

     11. Further Actions. The parties agree to execute such further instruments and to take
such further actions as may be reasonably be required to carry out the intent of this
Agreement.

     12. Notice. Any notice required or permitted hereunder shall be given in writing and
shall be deemed effectively given upon personal delivery or upon deposit in the United States
Post Office, by registered or certified mail with postage and fees prepaid, addressed to the
other party hereto at the address as such party may designate by written notice to the other party.

     13. Successors
and Assigns. This Agreement shall be binding upon and inure to the
benefit of the successors and assigns of the Company and, subject to the restrictions on
transfer set forth herein, be binding upon and inure to the benefit of Optionee’s personal
representatives, successors and permitted assigns.

     14. Governing Law. This Agreement and all documents contemplated hereby, and all
remedies in connection therewith and all questions or transactions relating thereto, shall be
construed in accordance with and governed by the laws of the State of Michigan.

[THIS SPACE INTENTIONALLY LEFT BLANK]

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	 	MACKINAC FINANCIAL CORPORATION:

 	 
	 	By:  	
 	 
	 	 	Paul D. Tobias 	 
	 	 	Its: Chairman and Chief Executive Officer 	 
	 
	 	OPTIONEE:

 	 
	 	
 	 
	 	David C. Crimmins 	 
	 	 	 
	 

5<PAGE>

                             COMMUNITY CENTRAL BANK
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                            EFFECTIVE JANUARY 1, 2003
                 Amended and Restated Effective January 1, 2005
                 Including Amendments Through December 31, 2006

                                     PURPOSE

     The purpose of the Plan is to provide supplemental retirement benefits to a
select group of employees who contribute materially to the continued growth,
development and future business success of Community Central Bank, Community
Central Bank Corporation and their affiliated entities. The Plan shall be
unfunded for tax purposes and for purposes of Title I of ERISA.

     The Plan has been amended and restated effective January 1, 2005, except
where otherwise provided herein or required by applicable law. The Plan is
intended to comply with Section 409A of the Internal Revenue Code of 1986, as
amended, and the regulations and guidance of general applicability issued
thereunder, and shall be administered and operated accordingly.

     The rights of any person who terminates employment on or before any
amendment to this Plan shall be determined solely under the terms of the Plan in
effect as of the date of his termination of employment, unless such person again
becomes a Participant hereunder, or unless otherwise required by Section 409A of
the Code or other applicable law.

                                    ARTICLE I
                                   DEFINITIONS

     For purposes of the Plan, unless otherwise clearly apparent from the
context, the following phrases or terms shall have the following indicated
meanings:

     "Annual Benefit" shall mean with respect to any Participant, an annual
     benefit equal to the percent of the Participant's Final Average
     Compensation set forth in a Participant's Plan Agreement. Notwithstanding
     the foregoing, where the Plan Agreement expresses the Annual Benefit as a
     unit benefit, then the Annual Benefit shall be equal to the percent of the
     Participant's Final Average Compensation set forth in the Participant's
     Plan Agreement times the number of the Participant's Years of Credited
     Service set forth in a Participant's Plan Agreement, calculated through the
     last day of the month in which the Participant experiences a Termination of
     Employment. A Participant's Annual Benefit shall not exceed any maximum
     Annual Benefit set forth in his Plan Agreement, nor be less than any
     minimum Annual Benefit set forth in his Plan Agreement.

     "Affiliate" shall mean an entity related to the Employer pursuant to Code
     Section 414(b) or 414(c).

     "Bank" shall mean Community Central Bank, and any successor to all or
     substantially all of the assets or business of the Bank.

     "Board" shall mean the board of directors of the Bank or the Holding
     Company.

     "Change in Control" shall mean the first to occur of any of the following
     events:

                                       1

<PAGE>

     (a)  An acquisition of control of the Bank within the meaning of the Bank
          Holding Company Act of 1956 and 12 C.F.R. Part 303.82 as in effect on
          the date hereof that is not subject to rebuttal;

     (b)  Any event that would be required to be reported in response to Item 1
          of the current report on Form 8-K, as in effect on the date hereof,
          pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
          (the "Exchange Act") if the Exchange Act were applicable to the Bank;

     (c)  Any "person" (as that term is used in Section 13 and 14(d)(2) of the
          Exchange Act) becomes the beneficial owner (as that term is used in
          Section 13(d) of the Exchange Act), directly or indirectly, of 25% or
          more of the Bank's outstanding securities entitled to vote in the
          election of directors;

     (d)  Individuals who are members of the board of directors of the Holding
          Company on the date of adoption of this Plan (the "Incumbent Board")
          cease for any reason to constitute at least a majority thereof,
          provided that any person becoming a director subsequent to the date of
          adoption of this Plan whose election was approved by a vote of at
          least three-quarters of the directors comprising the Incumbent Board,
          or whose nomination for election by the Holding Company's stockholders
          was approved by a nominating committee serving under an Incumbent
          Board, shall be considered a member of the Incumbent Board;

     (e)  The sale of all or substantially all of the assets of the Bank or the
          Holding Company, excluding transfers to entities that are within a
          "controlled group of corporations" (as defined in Code Section 1563)
          in which the Bank is the parent corporation; or

     (f)  A reorganization, merger, consolidation or similar transaction
          involving the Holding Company in which the Holding Company is not the
          resulting entity or the Holding Company is the resulting entity but
          the stockholders of the Holding Company immediately prior to such
          transaction do not own at least 50% of the voting securities of the
          Holding Company immediately following the completion of such
          transaction.

     "Claimant" shall have the meaning set forth in Section 12.1.

     "Code" shall mean the Internal Revenue Code 1986, as it may be amended from
     time to time.

     "Committee" shall mean the committee described in Article 10.

     "Compensation" shall mean the annual cash compensation relating to services
     performed by a Participant for the Bank or the Holding Company during any
     calendar year, whether or not paid in such calendar year or included on the
     Federal Income Tax Form W-2 for such calendar year, excluding fringe
     benefits, stock options, other stock based compensation, relocation
     expenses, non-monetary awards, and automobile and other allowances paid to
     a Participant for employment services rendered (whether or not such
     allowances are included in the Participant's gross income). Compensation
     shall be calculated before reduction for compensation voluntarily deferred
     or contributed by the Participant pursuant to all qualified or
     non-qualified plans of the Bank and shall be calculated to include amounts
     not otherwise included in the Participant's gross income under Code
     Sections 125, 402(e)(3), 402(h), or 403(b) pursuant to plans established by
     the Bank; provided, however, that all such amounts will be included in
     compensation only to the extent that, had there been no such plan, the
     amount would have been payable in cash to the Participant.

                                       2

<PAGE>

     "Employee" shall mean a person who is classified as an employee of the Bank
     or the Holding Company.

     "Equivalent Actuarial Value" shall mean, unless otherwise specified in the
     Plan Agreement, a benefit of equivalent value to another form of benefit,
     computed on the basis of an interest rate factor of 7 percent per annum.
     Effective January 1, 2007, the Equivalent Actuarial Value of a benefit
     shall be determined using an interest rate equal to the then-current
     effective yield on the United States Treasury 10-year note, plus 100 basis
     points; provided, however that the interest rate shall not exceed 7 percent
     per annum.

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

     "Final Average Compensation" shall mean the amount determined by dividing
     by three the Participant's aggregate Compensation during the three Plan
     Years (whether or not consecutive) that results in the largest total.

     "Holding Company" shall mean Community Central Bank Corporation, the parent
     corporation of the Bank.

     "Monthly Benefit" shall mean one twelfth (1/12) of the Participant's Annual
     Benefit.

     "Normal Retirement Date" shall mean the later of (i) the date of the
     Participant's Termination of Employment or (ii) the Participant's
     attainment of age sixty-five (65).

     "Participant" shall mean any Employee (i) who is selected to participate in
     the Plan, (ii) who signs a Plan Agreement and (iii) whose signed Plan
     Agreement is accepted by the Bank or the Committee. A spouse or former
     spouse of a Participant shall not be treated as a Participant in the Plan
     or have an Annual Benefit under the Plan, even if he or she has an interest
     in the Participant's benefits under the Plan as a result of applicable law
     or property settlements resulting from legal separation or divorce.

     "Payout Period" shall mean the number of consecutive months set forth as
     the Payout Period in a Participant's Plan Agreement, commencing on the
     first day of the calendar month next following the Participant's Normal
     Retirement Date, except as otherwise provided in Section 3.2(a).

     "Plan" shall mean this Supplemental Executive Retirement Plan, which shall
     be evidenced by this instrument and by each Plan Agreement, as they may be
     amended from time to time.

     "Plan Agreement" shall mean a written agreement, as may be amended from
     time to time, which is entered into by and between the Bank or the Holding
     Company and a Participant. Should there be more than one Plan Agreement,
     the Plan Agreement bearing the latest date of acceptance by the Bank or the
     Holding Company shall supersede all previous Plan Agreements in their
     entirety and shall govern such entitlement. The terms of any Plan Agreement
     may be different for any Participant, and any Plan Agreement may limit the
     benefits otherwise provided under the Plan. Every Plan Agreement shall
     comply with Section 409A. Should a provision of a Plan Agreement not comply
     with Section 409A, then the Plan Agreement shall be deemed amended to
     comply therewith (to the minimum extent necessary), and shall be
     administered and operated accordingly. Any Plan Agreement that permits a
     Participant to elect to have his benefits commence on an Early Retirement
     Date shall be amended (or deemed to be amended) to eliminate the
     availability of such election, and any such election made after January 1,
     2005 shall be revoked.

                                       3

<PAGE>

     "Plan Year" shall mean a period beginning on January 1 of each calendar
     year and continuing through December 31 of such calendar year.

     "Section 409A" means Section 409A of the Code and the regulations and
     guidance of general applicability issued thereunder.

     "Specified Employee" shall mean a key employee described in Code Section
     416(i) (determined without regard to paragraph (5) thereof) of the Bank or
     an Affiliate, provided the Bank or an Affiliate is publicly traded on an
     established securities market or otherwise. For purposes of determining
     whether a Participant is a Specified Employee, the identification date
     shall be December 31. The determination of whether a Participant is a
     Specified Employee shall be made by the Committee in accordance with
     Section 409A.

     "Termination of Employment" shall mean the severing of employment with the
     Bank for any reason. Effective January 1, 2005, whether a Termination of
     Employment has occurred will be determined based on the facts and
     circumstances surrounding the termination of the Participant's employment
     and whether the Bank and the Participant intended for the Participant to
     provide significant services for the Bank following such termination. A
     Termination of Employment will not be considered to have occurred if:

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

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

     Notwithstanding anything herein to the contrary, no Participant shall be
     considered to have experienced a Termination of Employment unless his
     termination of employment with the Bank or an Affiliate would constitute a
     "separation from service" within the meaning of Section 409A.

     "Trust" shall mean any trust established between the Bank or the Holding
     Company and the trustee named therein to provide benefits hereunder, as
     amended from time to time.

     "Years of Credited Service" shall mean the total number of Plan Years (or
     fraction thereof determined on a months basis) taken into account under a
     Participant's Plan Agreement for purposes of calculating such Participant's
     Annual Benefit.

                                    ARTICLE 2
                       SELECTION, ENROLLMENT, ELIGIBILITY

2.1  SELECTION BY COMMITTEE. Participation in the Plan shall be limited to a
     select group of management and highly compensated Employees, as determined
     by the Committee in its sole discretion from time to time. From that group,
     the Committee shall select, in its sole discretion, Employees to
     participate in the Plan.

                                       4

<PAGE>

2.2  ENROLLMENT REQUIREMENTS. As a condition to participation, each selected
     Employee shall complete, execute and return to the Bank or the Committee a
     Plan Agreement. In addition, the Committee shall establish from time to
     time such other enrollment requirements as it determines in its sole
     discretion are necessary or appropriate.

2.3  ELIGIBILITY; COMMENCEMENT OF PARTICIPATION. Provided an Employee selected
     to participate in the Plan has met all enrollment requirements set forth in
     the Plan and required by the Committee, including returning all required
     documents to the Bank or the Committee, that Employee shall commence
     participation in the Plan on the date his Plan Agreement is executed by the
     Bank or the Holding Company.

2.4  TERMINATION OF PARTICIPATION. If the Committee determines in good faith
     that a Participant no longer qualifies as a member of a select group of
     management or highly compensated employees, as membership in such group is
     determined in accordance with Sections 201(2), 301(a)(3) and 401(a)(1) of
     ERISA, the Committee shall have the right, in its sole discretion, but
     subject in all respects to Section 409A, to (i) cease further benefit
     accruals hereunder and/or (ii) immediately distribute in a single lump sum
     the Equivalent Actuarial Value of the Monthly Benefits for the Payout
     Period, determined as if the Participant experienced a Termination of
     Employment, and terminate the Participant's participation herein.

                                    ARTICLE 3
                                    BENEFITS

3.1  BENEFITS. Upon a Participant's Normal Retirement Date, the Bank shall pay
     the Monthly Benefit to him during the Payout Period. Notwithstanding the
     preceding sentence, if the Participant is a Specified Employee at the time
     his Monthly Benefits are to commence, then the Participant's Monthly
     Benefits shall not be distributed (or commence to be distributed) until
     after the 185th day following the date of the Participant's Termination of
     Employment. Payments which would have been paid in accordance with this
     Section 3.1 but for the preceding sentence shall be paid with the first
     payment that is made under this Section 3.1.

3.2  NO DEATH BENEFITS.

     (a)  If the Participant dies before having commenced receiving benefits
          under Section 3.1, no benefit shall be paid under this Plan.

     (b)  If the Participant dies after he has commenced receiving benefits
          under Section 3.1, then benefits under this Plan shall terminate as of
          the first day of the month following the date of death of the
          Participant.

3.3  TAX WITHHOLDING FROM DISTRIBUTIONS. The Bank, the Holding Company, or the
     trustee of the Trust, if applicable, shall withhold from any payments made
     to a Participant all federal, state and local income, employment and other
     taxes required to be withheld by the Bank, the Holding Company, or the
     trustee of the Trust, in connection with such payments, in amounts and in a
     manner to be determined in the sole discretion of the Bank, the Holding
     Company and the trustee of the Trust, if applicable.

                                    ARTICLE 4
                    IN-SERVICE WITHDRAWALS AND DISTRIBUTIONS

     No in-service withdrawals or distributions are permitted under the Plan.

                                       5

<PAGE>

                                    ARTICLE 5
                                     VESTING

     Unless the Participant's Plan Agreement provides for a vesting schedule
with respect to the Plan benefits, the Participant shall be fully vested in his
Monthly Benefit at all times. Notwithstanding anything in the Plan or a Plan
Agreement to the contrary, each Participant who is actively employed by the Bank
or an Affiliate upon the effective date of a Change in Control shall be 100
percent vested in his Monthly Benefits.

                                    ARTICLE 6
                            PARTICIPANT CONTRIBUTIONS

     Participant contributions are neither permitted nor required under the
Plan.

                                    ARTICLE 7
                                     FUNDING

7.1  FUNDING GENERALLY. The Bank's or the Holding Company's obligations under
     the Plan shall be an unfunded and unsecured promise to pay. The Bank or the
     Holding Company shall not be obligated under any circumstances to fund in
     advance its obligations under the Plan, and when the benefit amount is paid
     it shall be expensed out of the Bank's or the Holding Company's general
     assets.

7.2  OPTION TO FUND INFORMALLY. Notwithstanding Section 7.1, the Bank or the
     Holding Company may, at its sole option, or by agreement, informally fund
     its obligations under the Plan in whole or in part, provided, however, that
     in no event shall such informal funding be construed to create any trust
     fund, escrow account or other security for any Participant with respect to
     the payment of any benefit under the Plan, other than as permitted by
     Internal Revenue Service and Department of Labor rules and regulations for
     unfunded supplemental retirement plans. No method of funding shall be
     permitted that would violate the requirements of Section 409A.

                                    ARTICLE 8
                                LEAVE OF ABSENCE

     If a Participant is authorized by the Bank or the Holding Company for any
reason to take a leave of absence from employment with the Bank or the Holding
Company, such Participant shall continue to be considered employed by the Bank
or the Holding Company during such leave of absence (and therefore not to have
experienced a Termination of Employment) and service during the leave of absence
shall be credited for purposes of determining the Participant's Years of
Credited Service.

                                    ARTICLE 9
                     TERMINATION, AMENDMENT OR MODIFICATION

9.1  TERMINATION. Although the Bank anticipates that it will continue as a
     sponsor of the Plan for an indefinite period of time, there is no guarantee
     that it will continue as a sponsor of the Plan or will not terminate its
     sponsorship of the Plan at any time in the future. Accordingly, the Bank
     reserves the right to terminate its sponsorship of the Plan at any time
     with respect to any or all of its Participants, by action of the Board.
     Upon termination of sponsorship of the Plan by the Bank, the Annual and
     Monthly Benefit of each affected Participant shall be one hundred percent
     (100%) vested, and determined as if the Participant had experienced a
     Termination of Employment on the date Plan sponsorship is terminated. The
     Bank shall pay the Equivalent Actuarial Value of the Monthly Benefits for
     the Payout Period in a lump sum as soon as practicable after the Plan is
     terminated. Notwithstanding the foregoing, the ability to terminate the
     Plan, and the time and

                                       6

<PAGE>

     manner in which Plan benefits are paid in connection with the Plan
     termination shall be subject to the "Section 409A Termination
     Requirements". The "Section 409A Termination Requirements" are as follows
     (unless Section 409A permits otherwise):, (a) all arrangements sponsored by
     the Bank or an Affiliate that are required to be aggregated with this Plan
     under Section 409A are terminated; (b) no payments other than payments that
     would be payable under the terms of the Plan or an aggregated plan if the
     termination had not occurred are made within 12 months of the termination
     of the arrangements; (c) all payments are made within 24 months of the
     termination of the Plan and related arrangements; and (d) the Bank or an
     Affiliate does not adopt a new arrangement that would be required to be
     aggregated with this Plan under Section 409A if the same Participant
     participated in both arrangements, within five years of the termination of
     the Plan.

9.2  AMENDMENT. The Bank may, at any time, amend or modify the Plan in whole or
     in part by action of the Board; provided, however, that no amendment or
     modification shall be effective to decrease or restrict the value of a
     Participant's Annual Benefit determined at the time the amendment or
     modification is made, calculated as if the Participant had experienced a
     Termination of Employment as of the effective date of the amendment or
     modification. The amendment or modification of the Plan shall not affect
     any Participant who has become entitled to the payment of benefits under
     the Plan as of the date of the amendment or modification. The ability of
     the Employer to amend this Plan, and the amendment itself, shall in all
     respects comply with Section 409A.

9.3  EFFECT OF PAYMENT. The full payment of the applicable benefit under the
     Plan shall completely discharge all obligations to a Participant under the
     Plan.

                                   ARTICLE 10
                                 ADMINISTRATION

10.1 COMMITTEE DUTIES. The Plan shall be administered by a Committee which shall
     consist of the Board, or such committee as the Board shall appoint. Members
     of the Committee may be Participants under the Plan. The Committee shall
     also have the discretion and authority to (i) make, amend, interpret, and
     enforce all appropriate rules and regulations for the administration of the
     Plan and (ii) decide or resolve any and all questions including
     interpretations of the Plan, as may arise in connection with the Plan. Any
     individual on the Committee who is a Participant shall not vote or act on
     any matter relating solely to himself. When making a determination or
     calculation, the Committee shall be entitled to rely on information
     furnished by a Participant, the Bank or the Holding Company.

10.2 AGENTS. In the administration of the Plan, the Committee may, from time to
     time, employ agents and delegate to them such administrative duties as it
     sees fit (including acting through a duly appointed representative) and may
     from time to time consult with counsel who may be counsel to the Bank or
     the Holding Company.

10.3 BINDING EFFECT OF DECISIONS. The decision or action of the Committee with
     respect to any question arising out of or in connection with the
     administration, interpretation and application of the Plan and the rules
     and regulations promulgated hereunder shall be final and conclusive and
     binding upon all persons having any interest in the Plan.

10.4 INDEMNITY OF COMMITTEE. The Bank shall indemnify and hold harmless the
     members of the Committee, and any person to whom the duties of the
     Committee may be delegated, against any and all claims, losses, damages,
     expenses or liabilities arising from any action or failure to act with
     respect to the Plan, except in the case of gross misconduct by the
     Committee or any of its members or any such delegate.

                                       7

<PAGE>

10.5 INFORMATION. To enable the Committee to perform its functions, the Bank and
     the Holding Company shall supply full and timely information to the
     Committee as the Committee may reasonably request.

                                       8

<PAGE>

                                   ARTICLE 11
                          OTHER BENEFITS AND AGREEMENTS

     The benefits provided for a Participant under the Plan are in addition to
any other benefits available to such Participant under any other plan or program
sponsored by the Bank. The Plan shall supplement and shall not supersede, modify
or amend any other such plan or program except as may otherwise be expressly
provided therein.

                                   ARTICLE 12
                                CLAIMS PROCEDURES

12.1 PRESENTATION OF CLAIM. Any Participant (such Participant being referred to
     below as a "Claimant") may deliver to the Committee a written claim for a
     determination with respect to the amounts distributable to such Claimant
     from the Plan. If such a claim relates to the contents of a notice received
     by the Claimant, the claim must be made within 60 days after such notice
     was received by the Claimant. All other claims must be made within 180 days
     of the date on which the event that caused the claim to arise occurred. The
     claim must state with particularity the determination desired by the
     Claimant.

12.2 NOTIFICATION OF DECISION. The Committee shall consider a Claimant's claim
     within a reasonable time, and shall notify the Claimant in writing:

     (a)  that the Claimant's requested determination has been made, and that
          the claim has been allowed in full; or

     (b)  that the Committee has reached a conclusion contrary, in whole or in
          part, to the Claimant's requested determination, and such notice must
          set forth in a manner calculated to be understood by the Claimant:

          (i)  the specific reason(s) for the denial of the claim, or any part
               of it;

          (ii) specific reference(s) to pertinent provisions of the Plan upon
               which such denial was based;

          (iii) a description of any additional material or information
               necessary for the Claimant to perfect the claim, and an
               explanation of why such material or information is necessary; and

          (iv) an explanation of the claim review procedure set forth in Section
               12.3 below.

12.3 REVIEW OF A DENIED CLAIM. With 60 days after receiving a notice from the
     Committee that a claim has been denied, in whole or in part, a Claimant (or
     the Claimant's duly authorized representative) may file with the Committee
     a written request for a review of the denial of the claim. Thereafter, but
     not later than 30 days after the review procedure began, the Claimant (or
     the Claimant's duly authorized representative):

     (a)  may review pertinent documents;

     (b)  may submit written comments or other documents; and/or

     (c)  may request a hearing, which the Committee, in its sole discretion,
          may grant.

                                       9

<PAGE>

12.4 DECISION ON REVIEW. The Committee shall render its decision on review
     promptly, and not later than 60 days after the filing of a written request
     for review of the denial, unless a hearing is held or other special
     circumstances require additional time, in which case the Committee's
     decision must be rendered within 120 days after such date. Such decision
     must be written in a manner calculated to be understood by the Claimant,
     and it must contain:

     (a)  specific reasons for the decision;

     (b)  specific reference(s) to the pertinent Plan provisions upon which the
          decision was based; and

     (c)  such other matters as the Committee deems relevant.

12.5 LEGAL ACTION. A Claimant's compliance with the foregoing provisions of this
     Article 12 is a mandatory prerequisite to a Claimant's right to commence
     any legal action with respect to any claim for benefits under the Plan.

                                   ARTICLE 13
                                      TRUST

13.1 ESTABLISHMENT OF THE TRUST. The Bank may establish the Trust upon such
     terms as it deems appropriate. No Trust or other method of funding shall be
     permitted that would violate the requirements of Section 409A, and any
     action taken to that effect shall be considered null and void.

13.2 INTERRELATIONSHIP OF THE PLAN AND THE TRUST. The provisions of the Plan,
     including a Participant's Plan Agreement, shall govern the rights of such
     Participant to receive distributions pursuant to the Plan. The provisions
     of the Trust shall govern the rights of the Bank, the Holding Company,
     Participants and the creditors of the Bank and the Holding Company to any
     assets transferred to the Trust. The Bank and the Holding Company shall at
     all times remain liable to carry out its obligations under the Plan.

13.3 INVESTMENT OF TRUST ASSETS. The trustee of the Trust shall be authorized,
     upon written instructions received from the Committee or investment manager
     appointed by the Committee, to invest and reinvest the assets of the Trust
     in accordance with the applicable trust agreement.

13.4 DISTRIBUTIONS FROM THE TRUST. The Bank's and the Holding Company's
     obligations under the Plan may be satisfied with Trust assets distributed
     pursuant to the terms of the Trust and any such distribution shall reduce
     the Bank's and the Holding Company's obligations under the Plan.

                                   ARTICLE 14
                                  MISCELLANEOUS

14.1 STATUS OF PLAN. The Plan is intended to be a plan that is not qualified
     within the meaning of Code Section 401(a) and that "is unfunded and is
     maintained by an employer primarily for the purpose of providing deferred
     compensation for a select group of management or highly compensated
     employees" within the meaning of ERISA Sections 201(2), 301(a)(3) and
     401(a)(1). The Plan shall be administered and interpreted to the extent
     possible in a manner consistent with that intent.

14.2 UNSECURED GENERAL CREDITOR. Participants and their Beneficiaries, heirs,
     successors and assigns shall have no legal or equitable rights, interests
     or claims in any property or assets of the Bank or the Holding Company. For
     purposes of the payment of benefits under the Plan, any and all assets of
     the Bank or the Holding Company shall be, and remain the general, unpledged
     and unrestricted

                                       10

<PAGE>

     assets of such entity. The Bank's and the Holding Company's obligation
     under the Plan shall be merely of an unfunded and unsecured promise to pay
     money in the future.

14.3 LIABILITY. The Bank's and the Holding Company's liability for the payment
     of benefits shall be defined only by the Plan including a Participant's
     Plan Agreement. The Bank and the Holding Company shall have no obligation
     to a Participant under the Plan except as expressly provided in the Plan
     including such Participant's Plan Agreement.

14.4 NONASSIGNABILITY. Neither a Participant nor any other person shall have any
     right to commute, sell, assign, transfer, pledge, anticipate, mortgage or
     otherwise encumber, transfer, hypothecate, alienate or convey in advance of
     actual receipt, the amounts, if any, payable hereunder, or any part
     thereof, which are, and all rights to which are expressly declared to be,
     unassignable and non-transferable. No part of the amounts payable shall,
     prior to actual payment, be subject to seizure, attachment, garnishment or
     sequestration for the payment of any debts, judgments, alimony or separate
     maintenance allowed by a Participant or any other person, be transferable
     by operation of law in the event of a Participant's or any other person's
     bankruptcy or insolvency or be transferable to a spouse as a result of a
     property settlement or otherwise.

14.5 NOT A CONTRACT OF EMPLOYMENT. The terms and conditions of the Plan,
     including a Participant's Plan Agreement, shall not be deemed to constitute
     a contract of employment between the Bank or the Holding Company and a
     Participant. Nothing in the Plan shall be deemed to give a Participant the
     right to be retained in the service of the Bank or the Holding Company or
     to interfere with the right of the Bank or the Holding Company to
     discipline or discharge such Participant at any time.

14.6 FURNISHING INFORMATION. A Participant will cooperate with the Committee by
     furnishing any and all information requested by the Committee and take such
     other actions as may be requested in order to facilitate the administration
     of the Plan and the payments of benefits hereunder, including but not
     limited to, taking such physical examinations as the Committee may deem
     necessary.

14.7 TERMS. Whenever any words are used herein in the masculine, they shall be
     construed as though they were in the feminine in all cases where they would
     so apply; and whenever any words are used herein in the singular or in the
     plural, they shall be construed as though they were used in the plural or
     the singular, as the case may be, in all cases where they would so apply.

14.8 CAPTIONS. The captions of the articles, sections and paragraphs of the Plan
     are for convenience only and shall not control or affect the meaning or
     construction of any of its provisions.

14.9 GOVERNING LAW. Subject to ERISA, the provisions of the Plan shall be
     construed and interpreted according to the internal laws of the State of
     placeStateMichigan without regard to its conflicts of laws and principles.

14.10 NOTICE. Any notice or filing required or permitted to be given to the
     Committee under the Plan shall be sufficient if in writing and
     hand-delivered, or sent by registered or certified mail, to the address
     below.

          Director of Human Resources
          Community Central Bank
          100 North Main Street
          Mount Clemens, Michigan 48043

     Such notice shall be deemed given as of the date of delivery or, if
     delivery is made by mail, as of the date shown on the postmark on the
     receipt for registration or certification. Any notice or

                                       11

<PAGE>

     filing required or permitted to be given to a Participant under the Plan
     shall be sufficient if in writing and hand-delivered, or sent by mail, to
     the last known address of such Participant.

14.11 SUCCESSORS. The provisions of the Plan shall bind and inure to the benefit
     of the Bank, the Holding Company and their successors and assigns and the
     Participant.

14.12 SPOUSE'S INTEREST. The interest in the benefits hereunder of a spouse of a
     Participant who has predeceased the Participant shall automatically pass to
     the Participant and shall not be transferable by such spouse in any manner
     including, but not limited to, such spouse's will, nor shall such interest
     pass under the laws of intestate succession.

14.13 VALIDITY. In case any provision of the Plan shall be illegal or invalid
     for any reason, said illegality or invalidity shall not affect the
     remaining parts hereof, but the Plan shall be constructed and enforced as
     if such illegal or invalid provision had never been inserted herein.

14.14 INCOMPETENT. If the Committee determines in its discretion that a benefit
     under the Plan is to be paid to a minor, a person declared incompetent or
     to a person incapable of handling the disposition of that person's
     property, the Committee may direct payment of such benefit to the guardian,
     legal representative or person having the care and custody of such minor,
     incompetent or incapable person. The Committee may require proof of
     minority, incompetence, incapacity or guardianship, as it may deem
     appropriate prior to distribution of the benefit. Any payment of a benefit
     shall be a payment for the account of the Participant and shall be a
     complete discharge of any liability under the Plan for such payment amount

14.15 COURT ORDER. The Committee is authorized to make any payments directed by
     court order in any action in which the Plan or the Committee has been named
     as a party. In addition, if a court determines that a spouse or former
     spouse of a Participant has an interest in the Participant's benefits under
     the Plan in connection with a property settlement or otherwise, the
     Committee, in its sole discretion shall have the right, notwithstanding any
     election made by the Participant, to immediately distribute the spouse's or
     former spouse's interest in the Participant's benefits under the Plan to
     that spouse or former spouse. This Section 14.15 shall be applied in a
     manner consistent with Section 409A.

14.16 DISTRIBUTION IN THE EVENT OF TAXATION OR TO PAY INCOME OR FICA TAXES OR ON
     ACCOUNT OF INCLUSION PURSUANT TO SECTION 409A.

     (a)  If, for any reason, all or any portion of a Participant's benefits
          under this Plan becomes taxable to the Participant prior to receipt,
          the Participant shall be distributed in a cash lump sum that portion
          of his or her benefit that has become taxable, to the extent permitted
          by Section 409A. Distributions also may be made from a Participant's
          Annual Benefit prior to when amounts are otherwise distributable under
          the Plan to the extent necessary to pay FICA taxes under Code Sections
          3101, 3121(a) and 3121(v)(2), as well as the corresponding federal,
          state, local or foreign income and withholding taxes associated with
          those FICA taxes. Distributions under this Section 14.16(a) shall be
          permitted only to the extent allowed under Section 409A.

     (b)  Upon the inclusion of any portion of the benefit into the
          Participant's income as a result of the failure of this Plan to comply
          with the requirements of Section 409A, a lump sum distribution shall
          be made as soon as is administratively practicable following the
          discovery of the plan failure of an amount equal to the lesser of (a)
          the Participant's then-vested benefit, or (b) the amount includible in
          the Participant's income as a result of the failure of the Plan to
          comply with Section 409A. In the event the amount includible in the
          Participant's income under Section 409A exceeds the Participant's
          then-vested

                                       12

<PAGE>

          benefit, the excess shall be distributed in a lump sum as soon as
          administratively practicable after the Participant's vested interest
          in his Plan benefits increases.

14.17 INSURANCE. The Bank or the Holding Company, on its own behalf or on behalf
     of the trustee of the Trust, and, in its sole discretion, may apply for and
     procure insurance on the life of any Participant, in such amounts and in
     such forms as it may choose. The Bank, the Holding Company or the trustee
     of the Trust, as the case may be, shall be the sole owner and beneficiary
     of any such insurance. No Participant shall have any interest whatsoever in
     any such policy or policies, and a Participant shall at the request of the
     Bank or the Holding Company submit to medical examinations and supply such
     information and execute such documents as may be required by the insurance
     company or companies to whom the Bank or the Holding Company has applied
     for insurance.

14.18 LEGAL FEES TO ENFORCE RIGHTS AFTER CHANGE IN CONTROL. The Bank and the
     Holding Company is aware that upon the occurrence of a Change in Control,
     the Board (which might then be comprised of new members) or stockholders of
     the Bank or the Holding Company, or of any successor corporation, might
     then cause or attempt to cause Bank or the Holding Company, or such
     successor to refuse to comply with its obligations under the Plan and might
     cause or attempt to cause the Bank or the Holding Company to institute, or
     may institute, litigation seeking to deny Participants the benefits
     intended under the Plan. In these circumstances, the purpose of the Plan
     could be frustrated. Accordingly, if, following a Change in Control, it
     should appear to any Participant that the Bank, the Holding Company or any
     successor corporation has failed to comply with any of its obligations
     under the Plan or any agreement thereunder, or, if the Bank, the Holding
     Company or any other person takes any action to declare the Plan void or
     unenforceable or institutes any litigation or other legal action designed
     to deny, diminish or to recover from any Participant the benefits intended
     to be provided, then the Bank or the Holding Company irrevocably authorizes
     such Participant to retain counsel of his choice at the expense of the Bank
     or the Holding Company to represent such Participant in connection with the
     initiation or defense of any litigation or other legal action, whether by
     or against the Bank or the Holding Company or any director, officer,
     stockholder or other person affiliated with the Bank or the Holding Company
     or any successor thereto in any jurisdiction.

     The Bank and the Holding Company have signed the Plan as of December 19,
2006, effective as of January 1, 2005, except where otherwise provided herein or
required by applicable law.

                                        COMMUNITY CENTRAL BANK

                                        By: S/ Dean S. Petitpren
                                            ------------------------------------
                                        Name: Dean S. Petitpren
                                        Title: Chairman of the Compensation
                                               Committee

                                        COMMUNITY CENTRAL BANK CORPORATION

                                        By: S/ Dean S. Petitpren
                                            ------------------------------------
                                        Name: Dean S. Petitpren
                                        Title: Chairman of the Compensation
                                               Committee

                                       13

<PAGE>

                                   Individual
                                      Plan
                                   Agreement
<PAGE>

                       COMMUNITY CENTRAL BANK CORPORATION
                SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT

     Community Central Bank Corporation (the "Company") is the co-sponsor of the
Community Central Bank Supplemental Executive Retirement Plan (the "Plan"). The
Company and the undersigned executive of the Company (the "Employee") hereby
agree, for good and valuable consideration, the value of which is hereby
acknowledged, that the Employee shall participate in the Plan as such Plan is
currently in effect and as the same may hereafter be modified or amended. The
Employee does hereby acknowledge that he has been provided with a copy of the
Plan as currently in effect and he does specifically agree to the terms and
conditions thereof. The Employee understands that his receipt (or his
Beneficiary's receipt) of benefits under the Plan shall be subject to all
provisions of the Plan. All capitalized terms not defined herein shall have the
meaning assigned to them under the Plan.

          PROVISIONS REGARDING PLAN BENEFITS, VESTING, RETIREMENT DATES
                           AND YEARS OF SERVICE CREDIT

     1. No limitations other than those contained in the Plan and this Plan
Agreement shall apply to the Employee's entitlement to benefits under the Plan.

     2. The Employee's annual benefit percentage is 50%.

     3. The Employee's minimum Annual Benefit shall be $75,000.

     4. For purposes of determining "Years of Credited Service", the Employee
shall be credited with all Years of Credited Service earned after December 31,
1999.

     5. The "Payout Period" shall be 180 consecutive months.

     6. If elected by the Employee, the Payout Period shall commence on a
designated Early Retirement Date. The Early Retirement Date shall not be earlier
than one year preceding the date the Employee elects in writing to have his
benefits commence. The Employee acknowledges and understands that (a) no benefit
will be paid on an Early Retirement Date unless this written election is made,
and (b) if benefits commence on an Early Retirement Date, the Employee's monthly
payment under the Plan will be smaller than the Monthly Benefit he would have
received had benefits commenced at his Normal Retirement Date, to reflect the
earlier commencement of benefits.

     7. The Employee shall vest in his Annual Benefit (including his minimum
Annual Benefit) over a 10-year period, at a rate of 10 percent for each Year of
Credited Service. The Employee shall be 100 percent vested in his Annual Benefit
upon a Change in Control, regardless of his actual Years of Credited Service.

                                       1

<PAGE>

     8. In the event that any payments or benefits provided or to be provided to
the Employee pursuant to this Plan Agreement, in combination with payments or
benefits, if any, from other plans or arrangements maintained by the Holding
Company or the Bank, constitute "excess parachute payments" under Section 280G
of the Code that are subject to excise tax under Section 4999 of the Code, the
Company shall pay to the Employee in cash an additional amount equal to the
amount of the Gross Up Payment (as hereinafter defined). The "Gross Up Payment"
shall be the amount needed to ensure that the amount of such payments and the
value of such benefits received by the Employee (net of such excise tax and any
federal, state and local tax on the Company's payment to him attributable to
such excise tax) equals the amount of such payments and value of such benefits
as he would receive in the absence of such excise tax and any federal, state and
local tax on the Company's payment to him attributable to such excise tax. The
Company shall pay the Gross Up Payment within 30 days after the Change in
Control. For purposes of determining the amount of the Gross Up Payment, the
value of any non-cash benefits and deferred payments or benefits shall be
determined by the Company's independent auditors in accordance with the
principles of Section 280G(d)(3) and (4) of the Code. In the event that, after
the Gross Up Payment is made, the amount of the excise tax is determined to be
less than the amount calculated in the determination of the actual Gross Up
Payment made by the Company, the Employee shall repay to the Company, at the
time that such reduction in the amount of excise tax is finally determined, the
portion of the Gross Up Payment attributable to such reduction, plus interest on
the amount of such repayment at the applicable federal rate under Section 1274
of the Code from the date of the Gross Up Payment to the date of the repayment.
The amount of the reduction of the Gross Up Payment shall reflect any subsequent
reduction in excise taxes resulting from such repayment. In the event that,
after the Gross Up Payment is made, the amount of the excise tax is determined
to exceed the amount anticipated at the time the Gross Up Payment was made, the
Company shall pay to the Employee, in immediately available funds, at the time
that such additional amount of excise tax is finally determined, an additional
payment ("Additional Gross Up Payment") equal to such additional amount of
excise tax and any federal, state and local taxes thereon, plus all interest and
penalties, if any, owed by the Employee with respect to such additional amount
of excise and other tax. The Company shall have the right to challenge, on the
Employee's behalf, any excise tax assessment against him as to which the
Employee is entitled to (or would be entitled if such assessment is finally
determined to be proper) a Gross Up Payment or Additional Gross Up Payment,
provided that all costs and expenses incurred in such a challenge shall be borne
by the Company and the Company shall indemnify the Employee and hold him
harmless, on an after-tax basis, from any excise or other tax (including
interest and penalties with respect thereto) imposed as a result of such payment
of costs and expenses by the Company.

                                       2

<PAGE>

                             BENEFICIARY DESIGNATION

     THE EMPLOYEE ACKNOWLEDGES THAT HE MUST DESIGNATE HIS SPOUSE AS HIS SOLE
PRIMARY BENEFICIARY, UNLESS HIS SPOUSE EXECUTES A SPOUSAL CONSENT PERMITTING
ANOTHER PERSON TO BE SO DESIGNATED AS PRIMARY BENEFICIARY.

     The Employee designates the following individuals as his "BENEFICIARY". The
Employee acknowledges that he is aware of his right to change such designation
by submitting to the Committee at a subsequent time a new written designation of
his primary and secondary Beneficiaries to whom payment under the Plan shall be
made in the event of his death prior to complete distribution of the benefits
payable to him under the Plan. The Employee understands that any Beneficiary
designation made subsequent to the execution of this Plan Agreement must be
executed and dated by him and shall become effective only when receipt thereof
is acknowledged in writing by the Committee or the Company.

     PRIMARY BENEFICIARIES:

     SECONDARY BENEFICIARIES:

     The Employee understands that he may at any time, upon written request to
the Company or the Committee, obtain a copy of the Plan as then in effect.

S/ David A. Widlak                      April 30, 2003
-------------------------------------
David A. Widlak, Employee

COMMUNITY CENTRAL BANK CORPORATION

By: S/ Dean S. Petitpren                April 30, 2003
    ---------------------------------
Name: Dean S. Petitpren
Title: Director and Chairman of the
       Compensation Committee

                                       3

<PAGE>

                 THE FOLLOWING AGREEMENT WAS ENTERED INTO WITH
                       RONALD R. REED AND RAY T. COLONIUS

<PAGE>

     COMMUNITY CENTRAL BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT

     Community Central Bank (the "Bank") is the sponsor of the Community Central
Bank Supplemental Executive Retirement Plan (the "Plan"). The Bank and the
undersigned executive of the Bank (the "Employee") hereby agree, for good and
valuable consideration, the value of which is hereby acknowledged, that the
Employee shall participate in the Plan as such Plan is currently in effect and
as the same may hereafter be modified or amended. The Employee does hereby
acknowledge that he has been provided with a copy of the Plan as currently in
effect and he does specifically agree to the terms and conditions thereof. The
Employee understands that his receipt (or his Beneficiary's receipt) of benefits
under the Plan shall be subject to all provisions of the Plan. All capitalized
terms not defined herein shall have the meaning assigned to them under the Plan.

          PROVISIONS REGARDING PLAN BENEFITS, VESTING, RETIREMENT DATES
                           AND YEARS OF SERVICE CREDIT

     1. No limitations other than those contained in the Plan and this Plan
Agreement shall apply to the Employee's entitlement to benefits under the Plan.

     2. The Employee's annual benefit percentage is 50%.

     3. The Employee's minimum Annual Benefit shall be $75,000.

     4. For purposes of determining "Years of Credited Service", the Employee
shall be credited with all Years of Credited Service earned after December 31,
1999.

     5. The "Payout Period" shall be 180 consecutive months.

     6. If elected by the Employee, the Payout Period shall commence on a
designated Early Retirement Date. The Early Retirement Date shall not be earlier
than one year preceding the date the Employee elects in writing to have his
benefits commence. The Employee acknowledges and understands that (a) no benefit
will be paid on an Early Retirement Date unless this written election is made,
and (b) if benefits commence on an Early Retirement Date, the Employee's monthly
payment under the Plan will be smaller than the Monthly Benefit he would have
received had benefits commenced at his Normal Retirement Date, to reflect the
earlier commencement of benefits.

     7. The Employee shall vest in his Annual Benefit (including his minimum
Annual Benefit) over a 10-year period, at a rate of 10 percent for each Year of
Credited Service. The Employee shall be 100 percent vested in his Annual Benefit
upon a Change in Control, regardless of his actual Years of Credited Service.

     8. In the event that any payments or benefits provided or to be provided to
the Employee pursuant to this Plan Agreement, in combination with payments or
benefits, if any, from other plans or arrangements maintained by the Holding
Company

                                       1
<PAGE>

or the Bank, constitute "excess parachute payments" under Section 280G of the
Code that are subject to excise tax under Section 4999 of the Code, the Bank
shall pay to the Employee in cash an additional amount equal to the amount of
the Gross Up Payment (as hereinafter defined). The "Gross Up Payment" shall be
the amount needed to ensure that the amount of such payments and the value of
such benefits received by the Employee (net of such excise tax and any federal,
state and local tax on the Bank's payment to him attributable to such excise
tax) equals the amount of such payments and value of such benefits as he would
receive in the absence of such excise tax and any federal, state and local tax
on the Bank's payment to him attributable to such excise tax. The Bank shall pay
the Gross Up Payment within 30 days after the Change in Control. For purposes of
determining the amount of the Gross Up Payment, the value of any non-cash
benefits and deferred payments or benefits shall be determined by the Bank's
independent auditors in accordance with the principles of Section 280G(d)(3) and
(4) of the Code. In the event that, after the Gross Up Payment is made, the
amount of the excise tax is determined to be less than the amount calculated in
the determination of the actual Gross Up Payment made by the Bank, the Employee
shall repay to the Bank, at the time that such reduction in the amount of excise
tax is finally determined, the portion of the Gross Up Payment attributable to
such reduction, plus interest on the amount of such repayment at the applicable
federal rate under Section 1274 of the Code from the date of the Gross Up
Payment to the date of the repayment. The amount of the reduction of the Gross
Up Payment shall reflect any subsequent reduction in excise taxes resulting from
such repayment. In the event that, after the Gross Up Payment is made, the
amount of the excise tax is determined to exceed the amount anticipated at the
time the Gross Up Payment was made, the Bank shall pay to the Employee, in
immediately available funds, at the time that such additional amount of excise
tax is finally determined, an additional payment ("Additional Gross Up Payment")
equal to such additional amount of excise tax and any federal, state and local
taxes thereon, plus all interest and penalties, if any, owed by the Employee
with respect to such additional amount of excise and other tax. The Bank shall
have the right to challenge, on the Employee's behalf, any excise tax assessment
against him as to which the Employee is entitled to (or would be entitled if
such assessment is finally determined to be proper) a Gross Up Payment or
Additional Gross Up Payment, provided that all costs and expenses incurred in
such a challenge shall be borne by the Bank and the Bank shall indemnify the
Employee and hold him harmless, on an after-tax basis, from any excise or other
tax (including interest and penalties with respect thereto) imposed as a result
of such payment of costs and expenses by the Bank.

                                       2

<PAGE>

                             BENEFICIARY DESIGNATION

     THE EMPLOYEE ACKNOWLEDGES THAT HE MUST DESIGNATE HIS SPOUSE AS HIS SOLE
PRIMARY BENEFICIARY, UNLESS HIS SPOUSE EXECUTES A SPOUSAL CONSENT PERMITTING
ANOTHER PERSON TO BE SO DESIGNATED AS PRIMARY BENEFICIARY.

     The Employee designates the following individuals as his "BENEFICIARY". The
Employee acknowledges that he is aware of his right to change such designation
by submitting to the Committee at a subsequent time a new written designation of
his primary and secondary Beneficiaries to whom payment under the Plan shall be
made in the event of his death prior to complete distribution of the benefits
payable to him under the Plan. The Employee understands that any Beneficiary
designation made subsequent to the execution of this Plan Agreement must be
executed and dated by him and shall become effective only when receipt thereof
is acknowledged in writing by the Committee or the Bank.

     PRIMARY BENEFICIARIES:

     SECONDARY BENEFICIARIES:

     The Employee understands that he may at any time, upon written request to
the Bank or the Committee, obtain a copy of the Plan as then in effect.

-------------------------------------
                           , Employee

COMMUNITY CENTRAL BANK

By:
    ---------------------------------
Name:
Title:

<PAGE>

     COMMUNITY CENTRAL BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT

     Community Central Bank (the "Bank") sponsors the Community Central Bank
Supplemental Executive Retirement Plan (the "Plan"). The Bank and the
undersigned executive of the Bank (the "Employee") hereby agree, for good and
valuable consideration, the value of which is hereby acknowledged, that the
Employee shall participate in the Plan as such Plan is currently in effect and
as the same may hereafter be modified or amended. The Employee does hereby
acknowledge that he has been provided with a copy of the Plan as currently in
effect and he does specifically agree to the terms and conditions thereof. The
Employee understands that his receipt (or his Beneficiary's receipt) of benefits
under the Plan shall be subject to all provisions of the Plan. All capitalized
terms not defined herein shall have the meaning assigned to them under the Plan.

     PROVISIONS REGARDING PLAN BENEFITS, VESTING AND YEARS OF SERVICE CREDIT

     1. The Employee's Annual Benefit shall be $50,000 ($4,166.66 monthly).

     2. The "Payout Period" shall be 180 consecutive months.

     3. The Employee shall vest in his Annual Benefit over a 10-year period, at
a rate of 10 percent for each Year of Credited Service. For purposes of
determining "Years of Credited Service", the Employee shall be credited with
Years of Credited Service (including fractional years) completed after his
commencement of participation in the Plan, plus an additional three Years of
Credited Service. The Employee shall be credited with a Year of Credited Service
for each 12 month period he is actively employed by the Bank or the Holding
Company. The Employee shall be 100 percent vested in his Annual Benefit upon a
Change of Control, regardless of his actual Years of Credited Service.

                             BENEFICIARY DESIGNATION

     THE EMPLOYEE ACKNOWLEDGES THAT HE MUST DESIGNATE HIS SPOUSE AS HIS SOLE
PRIMARY BENEFICIARY, UNLESS HIS SPOUSE EXECUTES A SPOUSAL CONSENT PERMITTING
ANOTHER PERSON TO BE SO DESIGNATED AS PRIMARY BENEFICIARY.

     The Employee designates the following persons as his "BENEFICIARY". The
Employee acknowledges that he may change his designation by submitting to the
Committee a new written designation of his primary and secondary Beneficiaries
to whom payment under the Plan shall be made in the event of his death prior to
complete distribution of the benefits payable to him under the Plan. The
Employee understands that any Beneficiary designation made subsequent to the
execution of this Plan Agreement must be executed and dated by him and shall
become effective only when receipt thereof is acknowledged in writing by the
Committee or the Bank.

<TABLE>
<CAPTION>
                           Name   % Interest
                           ----   ----------
<S>                        <C>    <C>
PRIMARY BENEFICIARIES:
</TABLE>

          (Provide a schedule of additional beneficiaries if necessary)

                                       1

<PAGE>

<TABLE>
<CAPTION>
                           Name   % Interest
                           ----   ----------
<S>                        <C>    <C>
SECONDARY BENEFICIARIES:
</TABLE>

          (Provide a schedule of additional beneficiaries if necessary)

     The Employee understands that he may at any time, upon written request to
the Bank or the Committee, obtain a copy of the Plan as then in effect.

EMPLOYEE                                DATE

S/ Charles U. Shreve                    August 1, 2005,
-------------------------------------
Charles U. Shreve, Employee

COMMUNITY CENTRAL BANK

By: S/ Ronald R. Reed                   August 1, 2005,
    ---------------------------------
Name: Ronald R. Reed
Title: President & CEO

                                       2

<PAGE>

     COMMUNITY CENTRAL BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT

     Community Central Bank (the "Bank") sponsors the Community Central Bank
Supplemental Executive Retirement Plan (the "Plan"). The Bank and the
undersigned executive of the Bank (the "Employee") hereby agree, for good and
valuable consideration, the value of which is hereby acknowledged, that the
Employee shall participate in the Plan as such Plan is currently in effect and
as the same may hereafter be modified or amended. The Employee does hereby
acknowledge that he has been provided with a copy of the Plan as currently in
effect and he does specifically agree to the terms and conditions thereof. The
Employee understands that his receipt (or his Beneficiary's receipt) of benefits
under the Plan shall be subject to all provisions of the Plan. All capitalized
terms not defined herein shall have the meaning assigned to them under the Plan.

     PROVISIONS REGARDING PLAN BENEFITS, VESTING AND YEARS OF SERVICE CREDIT

     1. The Employee's Annual Benefit shall be $50,000 ($4,166.66 monthly).

     2. The "Payout Period" shall be 180 consecutive months.

     3. The Employee shall vest in his Annual Benefit over a 10-year period, at
a rate of 10 percent for each Year of Credited Service. For purposes of
determining "Years of Credited Service", the Employee shall be credited with
Years of Credited Service (including fractional years) completed after his
commencement of participation in the Plan, plus an additional three Years of
Credited Service. The Employee shall be credited with a Year of Credited Service
for each 12 month period he is actively employed by the Bank or the Holding
Company. The Employee shall be 100 percent vested in his Annual Benefit upon a
Change of Control, regardless of his actual Years of Credited Service.

                             BENEFICIARY DESIGNATION

     THE EMPLOYEE ACKNOWLEDGES THAT HE MUST DESIGNATE HIS SPOUSE AS HIS SOLE
PRIMARY BENEFICIARY, UNLESS HIS SPOUSE EXECUTES A SPOUSAL CONSENT PERMITTING
ANOTHER PERSON TO BE SO DESIGNATED AS PRIMARY BENEFICIARY.

     The Employee designates the following persons as his "BENEFICIARY". The
Employee acknowledges that he may change his designation by submitting to the
Committee a new written designation of his primary and secondary Beneficiaries
to whom payment under the Plan shall be made in the event of his death prior to
complete distribution of the benefits payable to him under the Plan. The
Employee understands that any Beneficiary designation made subsequent to the
execution of this Plan Agreement must be executed and dated by him and shall
become effective only when receipt thereof is acknowledged in writing by the
Committee or the Bank.

<TABLE>
<CAPTION>
                           Name   % Interest
                           ----   ----------
<S>                        <C>    <C>
PRIMARY BENEFICIARIES:
</TABLE>

          (Provide a schedule of additional beneficiaries if necessary)

                                       1

<PAGE>

<TABLE>
<CAPTION>
                           Name   % Interest
                           ----   ----------
<S>                        <C>    <C>
SECONDARY BENEFICIARIES:
</TABLE>

          (Provide a schedule of additional beneficiaries if necessary)

     The Employee understands that he may at any time, upon written request to
the Bank or the Committee, obtain a copy of the Plan as then in effect.

EMPLOYEE                                DATE

S/ Sam A. Locricchio                    August 1, 2005,
-------------------------------------
Sam A. Locricchio, Employee

COMMUNITY CENTRAL BANK

By: S/ Ronald R. Reed                   August 1, 2005,
    ---------------------------------
Name: Ronald R. Reed
Title: President & CEO

                                       2

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