Document:

Exhibit 10.1

 

SUPPORT
AGREEMENT

 

This Agreement, made as
of this 2nd day of December, 2007, between Eagle Bancorp, Inc.,
a Maryland corporation (“Eagle”); Woodmont Holdings, Inc., a Maryland
corporation and wholly-owned subsidiary of Eagle (‘Holdings”) and the
shareholder of Fidelity & Trust Financial Corporation, a Maryland
corporation (“Fidelity”), identified on the signature page hereto in their
capacity as a shareholder of Fidelity, except for the provisions of Section 2(c),
which such agreements are made in the capacity as an officer and/or director of
Fidelity or any direct or indirect subsidiary of Fidelity (the “Shareholder”).

 

WHEREAS, Eagle,
Holdings, Fidelity and F&T Bank, a Maryland chartered commercial bank and
wholly-owned subsidiary of Fidelity (“F&T Bank”) have entered into an
Agreement and Plan and Merger dated as of the date hereof, (the “Merger
Agreement”), pursuant to which all of the outstanding shares of Fidelity Common
Stock will be exchanged for shares of Eagle Common Stock, in accordance with
the terms of the Merger Agreement; and

 

WHEREAS, the Shareholder
owns, or possesses the right to vote or direct the voting of, the number of
shares of Fidelity Common Stock set forth on the signature page hereto;
and

 

WHEREAS, the Shareholder
owns, or possesses the power to dispose of or to direct the disposition of, the
number of shares of Fidelity Common Stock set forth on the signature page hereto;
and

 

WHEREAS, the Shareholder
has the right to acquire pursuant to the exercise of Fidelity Options issued
and outstanding pursuant to the Fidelity Option Plans, the number of shares of
Fidelity Common Stock set forth on the signature page hereto; and

 

WHEREAS, as a material
inducement for Eagle and Holdings to enter into the Merger Agreement and consummate
the transactions contemplated thereby, the Shareholder has agreed to enter into
this Agreement;

 

NOW, THEREFORE, in
consideration of the foregoing and the covenants and agreements set forth
herein and in the Merger Agreement, and intending to be legally bound hereby,
the parties agree as follows:

 

1. Representations and Warranties of Shareholder.  The Shareholder represents and
warrants as follows:  That he/she is now,
and at all times until the Effective Time of the Merger will be, the owner, of
record or beneficially, or possesses and will possess the right to vote or
direct the voting of all of the shares of Fidelity Common Stock set forth on
the signature page hereto, and possesses or will possess the power to
dispose of or direct the disposition of all of the shares of Fidelity Common
Stock set forth on the signature page hereto. Shareholder has, and through
the Effective Time will continue to have, the right and power to vote and/or
dispose of, or to direct the voting or disposition of all of the shares of
Fidelity Common Stock set forth on the signature page hereto. Shareholder
has full right, power and authority to enter into, deliver and perform this
Agreement.  This Agreement has been duly
executed and delivered by Shareholder, and constitutes

 

EXECUTION COPY

 

1

 

the legal, valid and
binding obligation of Shareholder, and is enforceable in accordance with its
terms.

 

2. Covenants of Shareholder.  (a) Shareholder agrees that
he/she shall vote, or cause to be voted, all of his/her shares of Fidelity
Common Stock in favor of the Merger Agreement and the transactions contemplated
thereby, until this Agreement terminates as provided in Section 2(d).

 

(b)  Shareholder
agrees that until the termination of this Agreement as provided in Section 2(d),
that he/she shall not, without the prior written consent of Eagle, directly or
indirectly tender or permit the tender into any tender or exchange offer, or
sell, transfer, hypothecate, grant a security interest in (after the date
hereof) or otherwise dispose of or encumber any of his/her shares of Fidelity
Common Stock, or any options to acquire Fidelity Common Stock issued and
outstanding pursuant to the Fidelity Option Plans. Notwithstanding the
foregoing, in the case of any transfer by operation of law, this
Agreement shall be binding upon and inure to the transferee.

 

(c)  Shareholder agrees that he/she
shall not, and he/she shall not authorize, direct, induce, or encourage any
other person, including but not limited to any holder of Fidelity Common Stock,
or any officer, employee or director of Fidelity to, solicit from any third
party any inquiries or proposals relating to the disposition of Fidelity or
F&T Bank’s business or assets, or the acquisition of Fidelity or F&T
Bank’s voting securities, or the merger of Fidelity or F&T Bank with any
person other than Eagle or any Eagle Subsidiary, or except as provided in Section 6.12
of the Merger Agreement: (i) provide any such person with information or
assistance or negotiate or (ii) conduct any discussions with any such
person in furtherance of such inquiries or to obtain a proposal.

 

(d)  This Agreement
shall terminate upon the earlier to occur of: (a) the termination of the
Merger Agreement by any of the parties thereto; or (b) the Effective Time
(as defined in the Merger Agreement) of the Merger.

 

(e) Shareholder
agrees that he/she shall not, without the prior written consent of Eagle,
purchase or sell on Nasdaq, or submit a bid to purchase or an offer to sell on
Nasdaq, directly or indirectly, any shares of Eagle Common Stock or any
options, warrants, rights or other securities convertible into or exchangeable
for shares of Eagle Common Stock during the Market Value Determination Period.

 

3.  Additional
Shares and Options.  Notwithstanding
anything to the contrary contained herein, this Agreement shall apply to all
shares of Fidelity Common Stock which Shareholder currently has the right and
power to vote and/or dispose of, or to direct the voting or disposition of, and
all such shares of Fidelity Common Stock which Shareholder may hereafter
acquire, and all Fidelity Options which Shareholder may currently own or
hereafter acquire.

 

4.  No
Exercise. Shareholder agrees that he/she shall not, without the
prior written consent of the Company, exercise any Fidelity Option prior to the
Effective Time, except for the exercise of Fidelity Options that by their terms
will expire if not exercised and in such case any such exercised shares shall
remain subject to the terms of this Agreement.

 

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5.  Governing
Law.  This Agreement shall be
governed in all respects by the law of the State of Maryland.

 

6.  Specific
Performance.  Shareholder
acknowledges and agrees that the failure of Shareholder to perform and comply
with the provisions of this Agreement in strict accordance with the terms
hereof will cause irreparable harm to Eagle and Holdings, for which there may
be no adequate remedy at law.  Eagle and
Holdings shall be entitled, in addition to any other remedies or rights which
they may have, to specific performance of this Agreement, without the posting
of any bond, if Shareholder shall fail or refuse to perform his/her obligations
hereunder.

 

7.  Assignment;
Successors.  This Agreement
may not be assigned by Shareholder without the prior written consent of
Eagle.  The provisions of this Agreement
shall be binding upon and, shall inure to the benefit of the parties hereto and
their respective successors, assigns, heirs and personal representatives.

 

8.  Scope of
Agreement.  The parties hereto
acknowledge and agree that Agreement shall not confer upon Eagle any right or
ability to acquire any of the shares of Fidelity Common Stock other than in
connection with the Merger and pursuant to the Registration Statement
contemplated by the Merger Agreement. 
The parties hereto acknowledge and agree that this Agreement does not
constitute an agreement or understanding of Shareholder in his/her capacity as
a director or officer of Fidelity or F&T Bank, but only in his/her capacity
as a holder of shares of Fidelity Common Stock or Fidelity Options.

 

9. Severability. Any invalidity, illegality
or unenforceability of any provision of this Agreement in any jurisdiction
shall not invalidate or render illegal or unenforceable the remaining
provisions hereof in such jurisdiction and shall not invalidate or render
illegal or unenforceable such provision in any other jurisdiction

 

10. WAIVER OF JURY TRIAL.  EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES
ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

11.  Defined
Terms.  Capitalized terms used
and not defined herein and defined in the Merger Agreement shall have the
meaning ascribed to them in the Merger Agreement.

 

[Remainder
of page intentionally blank]

 

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12.  Counterparts.  This Agreement may be executed in
one or more counterparts, each of which shall be an original, and all of which
together shall constitute one and the same instrument. This Agreement shall be
effective between Eagle, Holdings and Shareholder upon the delivery of executed
counterparts of the other party.

 

IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be executed as of the day first
above written.

 

	
   

  	
   

  	
  EAGLE BANCORP, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WOODMONT HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SHAREHOLDER

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Shares as to which Shareholder has or shares:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Voting
  Power:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dispositive
  Power:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Options held by Shareholder:

  	
   

  	
   

  	
   

  
							

 

4Exhibit 10.2

 

This Agreement, made as of this 2nd day of December, 2007,
by and among Eagle Bancorp, Inc. a Maryland corporation (“Eagle”),
EagleBank, a Maryland chartered commercial bank and the wholly owned subsidiary
of Eagle (“EagleBank”), and the undersigned director identified on the
signature page hereto (a “Director”) of Fidelity & Trust
Financial Corporation, a Maryland corporation (“Fidelity”) and/or Fidelity &
Trust Bank, a Maryland chartered commercial bank and the wholly owned
subsidiary of Eagle (“F&T Bank”).

 

WHEREAS, Eagle, Holdings, Fidelity and F&T Bank have entered into
an Agreement and Plan of Merger, of even date herewith (the “Merger Agreement”),
pursuant to which Fidelity will be merged with and into Woodmont Holdings, Inc.,
a wholly owned subsidiary of Eagle (“Holdings”), and each share of Fidelity
Common Stock will be converted into Merger Consideration as set forth in the
Merger Agreement; and

 

WHEREAS, the EagleBank and F&T Bank have entered into a Plan and
Agreement of Merger (the “Bank Merger Agreement”), pursuant to which F&T
Bank will be merged with and into EagleBank; and

 

WHEREAS, as a condition of Eagle’s obligations under the Merger
Agreement and as a material inducement to Eagle to enter into the Merger
Agreement, Eagle has requested that the members of the Boards of Directors of
Fidelity and F&T Bank, and the Director desires to agree, to certain
restrictions on their respective ability to compete with Eagle and EagleBank
following consummation of the Merger; and

 

WHEREAS, Eagle, EagleBank and the Director desire to enter into this
Agreement to set forth the duration, scope and other terms and conditions of
such limitations;

 

NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements set forth herein and in the Merger Agreement, and
intending to be legally bound hereby, the parties hereto agree as follows:

 

1.             From and after the
Effective Time until the date which is one year after the Effective Time (the “Non-Compete
Period”), the Director shall not, directly or indirectly, engage or (i) participate
in the ownership, management, operation, control or financing of; or (ii) provide
any service, advice or assistance regarding the management operation, formation
or acquisition of; (iii) have any financial interest in, whether as
organizer, director, advisory director, officer, employee, consultant, partner,
contractor, stockholder (other than as a holder of less than 5% of the capital
stock of a financial institution, whether the financial institution is a
privately held company or a reporting company under the Securities Exchange Act
of 1934); of any federal or state commercial bank, credit union, industrial
loan bank, savings institution, thrift or non-bank commercial or commercial
real estate lending business, or any person or entity seeking to acquire or
form such a institution or company (“Financial Institution”), competitive with
that of Eagle or EagleBank’s business as it exists on the date hereof which has
a branch or loan production office located in the Maryland counties of
Montgomery, Prince Georges, Frederick, Howard, and the District of Columbia,
and the Virginia counties of Arlington, Fairfax, Fauquier, Loudoun and Prince
William Counties and the cities of Alexandria, Fairfax, Falls Church, Manassas
and Manassas Park (the “Designated Area”), including but not limited to a
Financial Institution

 

 

engaged in, or which controls any entity engaged in, retail banking
services, commercial banking services, consumer savings accounts, deposit production,
commercial loan production or commercial or commercial real estate lending
services in the Designated Area. Notwithstanding the foregoing (i) the
provisions of this Section 1 shall not apply to any relationship of the
types described, which the Director has with any institution other than Eagle
as of the date hereof and (ii) the provisions of this Section 1 do
not apply to advisory relationships with a financial institution which the
Director may have as of the date hereof or may hereafter have, solely in the
capacity as legal counsel, investment banker or independent public accountant
and (iii) the provisions of Section 1 do not apply for any of the
foregoing activities that are not in the Designated Area.

 

Eagle and EagleBank acknowledge that Messrs. Robert Fiallo,
Christopher Miller and Robert Tyson are currently engaged in the following
activities and agree that all may continue these activities after the date
hereof: (1) the origination of commercial and residential real estate
through mortgage brokerage business, (2) the purchase or sale of
residential or commercial mortgages, (3) the brokerage or acting as an
intermediary for (A) the sale/purchase of commercial or residential loans
between or among parties or (B) trust preferred securities, (4) commercial
real estate development, provided, however, that the activities under (1) through
(4) are not done with the customers of Eagle and EagleBank or Fidelity and
F&T Bank on date hereof and that the commercial loans originated for sale
(other than those by Mr. Miller) or commercial or commercial real estate
loans that are brokered (other than those by Mr. Miller) shall be offered
first to Eagle and EagleBank (“First Offer”). Eagle or EagleBank shall accept
or refuse such First Offer in a commercially reasonable period of time not to
exceed 10 days after receiving notice. 
This paragraph shall be effective for Eagle, EagleBank and Messrs. Fiallo,
Tyson and Miller.

 

Eagle and EagleBank acknowledge and agree that Mr. Miller may at
any time during the term of this Agreement change his current employment to be
hired by any Financial Institution in the Designated Area whereby Mr. Miller’s
job responsibilities and duties in such new position (including, but not
limited to, management) will involve the origination and/or sale of commercial,
residential mortgage or other loan or financial products for such Financial
Institution. This paragraph shall be effective only for Mr. Miller.

 

Eagle and EagleBank acknowledge and understand that Mr. Jay
Weinstein is an investment advisor and owns his own investment advisor business
(“Business”) and that during the term of this Agreement, Mr. Weinstein
will not in any way be restricted from the sale of his Business to another
Financial Institution or affiliation of the Business with another Financial
Institution in the Designated Area. This paragraph shall be effective only for Mr. Weinstein.

 

2.             From and after the
Effective Time until the date which is two years after the Effective Time (the “Non-Solicit
Period”), the Director shall not, directly or indirectly, disclose or use, or
authorize any person or entity to disclose or use, any confidential or
nonpublic information relating to Eagle, EagleBank, Fidelity or F&T Bank of
which such Director is aware or to which such Director has access, as a result
of such Director’s service on the Board of Directors or as an officer of Eagle,
EagleBank, Fidelity or F&T Bank, including but not limited to information
regarding the customers, products, manners of business and product development,

 

 

or employees of Fidelity, F&T Bank, Eagle or EagleBank (whether or
not any of the foregoing is novel or known by any other person); provided
however, that this restriction shall not apply to the disclosure of
confidential information (i) to any governmental entity to the extent
required by law, or (ii) which is publicly known and available through no
wrongful act of such Director or any affiliate of such Director.  Nothing contained herein is intended to
authorize the disclosure of any information in violation of law or other duties
of confidentiality which may be applicable to Director.

 

3.             During the
Non-Solicit Period, the Director shall not, directly or indirectly, for or on
behalf of such Director or any other person or entity other than Eagle or
EagleBank, accept banking business from, solicit the banking business of, or
induce to discontinue, terminate or reduce the extent of their relationship
with Eagle or EagleBank, any person or entity who was a customer of Fidelity or
F&T Bank as of the date hereof or at the Effective Time.

 

4.             During the
Non-Solicit Period, the Director shall not, directly or indirectly, for or on
behalf of such Director or any other person or entity other than Eagle or
EagleBank, initiate any offer of employment to or hiring process with respect
to, or in any manner solicit the services, or hire any person who was an
employee of Fidelity or F&T Bank at the date hereof or at the Effective
Time.

 

5.             In the event of a
breach or violation of this Agreement by the Director, the running of the
Non-Compete Period and/or the Non-Solicit Period shall be tolled during the
continuance of such breach or violation, and the Non-Compete Period and/or the
Non-Solicit Period shall be extended by the period of time for which such
breach or violation was continuing.

 

6.             The parties hereto
agree that the subject matter of this Agreement is unique and that the damages
accruing to the parties hereto as a result of a breach hereof are not readily
subject to calculation, and that the failure of any party to perform hereunder
will result in irreparable damage to the other parties, and that specific
performance of the obligations of the parties hereto is an appropriate and
authorized remedy for a breach hereof.

 

7.             This Agreement
constitutes the entire agreement among the parties with respect to the subject
matter hereof, superseding all prior understandings and agreements, written and
oral.

 

8.             This Agreement
shall be governed by and construed in accordance with the laws of the State of
Maryland.

 

9.             Any illegality,
invalidity or unenforceability of any provision hereof in any jurisdiction
shall not invalidate or render illegal or unenforceable in such jurisdiction
the remaining provisions hereof and shall not invalidate or render illegal or
unenforceable such provision in any other jurisdiction.  In the event that the scope or duration of
any provision hereof shall be found to be unenforceable in any jurisdiction,
then such provision shall be interpreted to provide for the broadest scope or
longest duration which would be enforceable in such jurisdiction.

 

 

10.           Capitalized terms
used and not defined herein and defined in the Merger Agreement shall have the
meaning ascribed to them in the Merger Agreement.

 

11.           This Agreement may
be executed in one or more counterparts, each of which shall be an original,
and all of which together shall constitute one and the same instrument.

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day first above written.

 

 

	
   

  	
  EAGLE BANCORP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title

  
	
   

  	
   

  
	
   

  	
  EAGLE BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title

  
	
   

  	
   

  
	
   

  	
  DIRECTOR

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

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