Document:

2006 STOCK INCENTIVE PLAN

 Exhibit 10.1 
 HAMPTON ROADS BANKSHARES, INC. 
 2006 STOCK INCENTIVE PLAN 
 1. Purpose and Effective Date. 
 (a) The purpose of the 2006 Hampton Roads Bankshares, Inc. Stock Incentive Plan (the “Plan”) is to further the long term stability and financial success of Hampton Roads Bankshares, Inc. (the
“Company”) by attracting and retaining personnel, including employees, non-employee directors, and consultants, through the use of stock incentives. It is believed that ownership of Company stock will stimulate the efforts of those
employees upon whose judgment, interest and efforts the Company is and will be largely dependent for the successful conduct of its business. 
 (b) The Plan was adopted by the Board of Directors of the Company on March, 14. 2006, and became effective on April 25, 2006 (the “Effective Date”), subject to the approval of the Company’s
shareholders. 
 2. Definitions. 
 (a) Act. The Securities Exchange Act of 1934, as amended. 
 (b) Affiliate. The
meaning assigned to the term “affiliate” under Rule 12b-2 of the Act. 
 (c) Applicable Withholding Taxes.
The aggregate amount of federal, state and local income and payroll taxes that the Company is required to withhold (based on the minimum applicable statutory withholding rates) in connection with any exercise of an Option or the award, lapse of
restrictions or payment with respect to Restricted Stock or Incentive Stock. 
 (d) Award. The award of an Option,
Restricted Stock or Incentive Stock under the Plan. 
 (e) Company. Hampton Roads Bankshares, Inc. 
 (f) Company Stock. Common stock of Hampton Roads Bankshares, Inc. In the event of a change in the capital structure of the Company
(as provided in Section 13 below), the shares resulting from such a change shall be deemed to be Company Stock within the meaning of the Plan. 
 (g) Beneficiary. The person or persons entitled to receive a benefit pursuant to an Award upon the death of a Participant. 
 (h) Board. The Board of Directors of the Company. 
 (i) Cause. Dishonesty, fraud, misconduct, gross incompetence, gross negligence, breach of a material fiduciary duty, material
breach of an agreement with the Company, unauthorized use or disclosure of confidential information or trade secrets, or conviction or confession of a crime punishable by law (except minor violations), in each case as determined by the Committee,
which determination shall be binding. Notwithstanding the foregoing, if “Cause” is defined in an employment 

  

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agreement between a Participant and the Company, “Cause” shall have the meaning assigned to it in such agreement. 
 (j) Change of Control. 
 (i) The acquisition by any unrelated person of beneficial ownership (as that term is used for purposes of the Act) of 50% or more of the then outstanding shares of common stock of the Company or the combined voting
power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors. The term “unrelated person” means any person other than (x) the Company and its subsidiaries, (y) an employee
benefit plan or related trust of the Company, and (z) a person who acquires stock of the Company pursuant to an agreement with the Company that is approved by the Board in advance of the acquisition. For purposes of this subsection, a
“person” means an individual, entity or group, as that term is used for purposes of the Act. 
 (ii) Any tender or
exchange offer, merger or other business combination, sale of assets or any combination of the foregoing transactions, and the Company is not the surviving corporation. 
 (iii) A liquidation of the Company. 
 (k) Code. The Internal Revenue Code of 1986, as amended. 
 (l) Committee. The
Committee appointed to administer the Plan pursuant to Plan Section 15. All of the Committee members shall be “Non-Employee Directors” as defined in Rule 16b-3 under the Act or any similar or successor rule. 
 (m) Consultant. A person rendering services to the Company or any of its subsidiaries who is not an “employee” for
purposes of employment tax withholding under the Code. 
 (n) Corporate Change. A consolidation, merger, dissolution or
liquidation of the Company, or a sale or distribution of assets or stock (other than in the ordinary course of business) of the Company; provided that, unless the Committee determines otherwise, a Corporate Change shall only be considered to have
occurred with respect to Participants whose business unit is affected by the Corporate Change. 
 (o) Date of Grant.
The date as of which an Award is made by the Committee. 
 (p) Disability or Disabled. As to an Incentive Stock Option,
a Disability within the meaning of Code Section 22(e)(3). As to all other Incentive Awards, the Committee shall determine whether a Disability exists and such determination shall be conclusive. 
 (q) Employee. A person rendering services to the Company or any of its subsidiaries who qualifies as an “employee” for
purposes of employment tax withholding under the Code. 
  

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 (r) Fair Market Value. 
 (i) If the Company Stock is traded on an exchange, the average of the highest and lowest registered sales prices of the Company Stock on
the exchange on which the Company Stock generally has the greatest trading volume, or 
 (ii) If the Company Stock is traded
in the over-the-counter market, the average between the closing bid and asked prices as reported by NASDAQ. 
 (iii) If Shares
of Company Stock are not publicly traded, the Fair Market Value shall be determined by the Committee using the most recent sales price known to the Company. 
 (iv) Fair Market Value shall be determined as of the Grant Date or, if applicable, the date specified in the Plan. If the Company Stock is
traded on an exchange and there are no trades on such date, the value shall be determined as of the last preceding day on which the Company Stock was traded. 
 (s) Incentive Stock. Company Stock awarded when performance goals are achieved pursuant to an incentive plan established by the
Committee, as provided in Section 8 below. 
 (t) Incentive Stock Option. An Option intended to meet the
requirements of, and qualify for favorable Federal income tax treatment under, Code Section 422. 
 (u) Nonstatutory
Stock Option. An Option that does not meet the requirements of Code Section 422, or that is otherwise not intended to be an Incentive Stock Option and is so designated. 
 (v) Option. A right to purchase Company Stock granted under the Plan, at a price determined in accordance with the Plan.

 (w) Participant. Any individual who receives an Award under the Plan. 
 (x) Replacement Feature. A feature of an Option, as described in the Participant’s stock option agreement, that provides for
the automatic grant of a Replacement Option in accordance with the provisions of Section 9(b) below. 
 (y)
Replacement Option. An Option granted to a Participant equal to the number of shares of already owned Company Stock that are delivered by the Participant to exercise an Option, as described in Section 9(b) below. 
 (z) Restricted Stock. Company Stock awarded upon the terms and subject to the restrictions set forth in Section 7 below.

 (aa) Rule 16b-3. Rule 16b-3 of the Act, including any corresponding subsequent rule or any amendments to Rule 16b-3
enacted after the effective date of the Plan. 
 (bb) 10% Shareholder. A person who owns, directly or indirectly, stock
possessing more than 10% of the total combined voting power of all classes of stock of the Company or an Affiliate. Indirect ownership of stock shall be determined in accordance with Code Section 424(d). 
  

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 3. General. Awards of Options, Restricted Stock and Incentive Stock may be granted under the Plan.
Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options. 
 4. Stock. Subject to Section 13
of the Plan, there shall be reserved for issuance under the Plan an aggregate of 1,000,000 shares of Company Stock, which shall include authorized, but unissued, shares. The number of shares reserved for issuance as Incentive Stock Options under the
Plan shall be an aggregate of 1,000,000 shares of Company Stock, which shall include authorized, but unissued, shares. Shares allocable to Options granted under the Plan that expire or otherwise terminate unexercised and shares that are forfeited
pursuant to restrictions on Restricted Stock or Incentive Stock awarded under the Plan may again be subjected to an Award under this Plan. For purposes of determining the number of shares that are available for Awards under the Plan, such number
shall, if permissible under Rule 16b-3, include the number of shares surrendered by a Participant or retained by the Company (a) in connection with the exercise of an Option or (b) in payment of Applicable Withholding Taxes. 
 5. Eligibility. 
 (a)
Any employee of, director of, or Consultant to the Company who, in the judgment of the Committee, has contributed or can be expected to contribute to the profits or growth of the Company is eligible to become a Participant. The Committee shall have
the power and complete discretion, as provided in Section 14, to select eligible Participants and to determine for each Participant the terms, conditions and nature of the Award and the number of shares to be allocated as part of the Award;
provided, however, that any award made to a member of the Committee must be approved by the Board. The Committee is expressly authorized to make an Award to a Participant conditioned on the surrender for cancellation of an existing Award.

 (b) The grant of an Award shall not obligate the Company to pay an employee any particular amount of remuneration, to
continue the employment of the employee after the grant or to make further grants to the employee at any time thereafter. 
 (c) Non-employee directors and Consultants shall not be eligible to receive the Award of an Incentive Stock Option. 
 (d) The maximum number of shares with respect to which an Award may be granted in any calendar year to any employee during such calendar year shall be 50,000 shares of Company Stock. 
 6. Stock Options. 
 (a) Whenever the Committee deems it appropriate to grant Options, notice shall be given to the Participant stating the number of shares for which Options are granted, the Option price per share, whether the options are Incentive Stock
Options or Nonstatutory Stock Options, and the conditions to which the grant and exercise of the Options are subject. This notice, when duly accepted in writing by the Participant, shall become a stock option agreement between the Company and the
Participant. 
 (b) The Committee shall establish the exercise price of Options. The exercise price of an Incentive Stock
Option shall be not less than 100% of the Fair Market Value of such shares on the Date of Grant, provided that if the Participant is a 10% Shareholder, the exercise price of an Incentive Stock Option shall be not less than 110% of the Fair Market
Value of such shares on the Date of Grant. The exercise price of a Nonstatutory Stock Option Award intended to be performance-based for purposes 

  

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of Code Section 162(m) shall not be less than 100% of the Fair Market Value of the shares of Company Stock covered by the Option on the Date of Grant.

 (c) Options may be exercised in whole or in part at such times as may be specified by the Committee in the
Participant’s stock option agreement. The Committee may impose such vesting conditions and other requirements as the Committee deems appropriate, and the Committee may include such provisions regarding a Change of Control or Corporate Change as
the Committee deems appropriate. 
 (d) The Committee shall establish the term of each Option in the Participant’s stock
option agreement. The term of an Incentive Stock Option shall not be longer than ten years from the Date of Grant, except that an Incentive Stock Option granted to a 10% Shareholder may not have a term in excess of five years. No option may be
exercised after the expiration of its term or, except as set forth in the Participant’s stock option agreement, after the termination of the Participant’s employment. The Committee shall set forth in the Participant’s stock option
agreement when, and under what circumstances, an Option may be exercised after termination of the Participant’s employment or period of service; provided that no Incentive Stock Option may be exercised after (i) three months from the
Participant’s termination of employment with the Company for reasons other than Disability or death, or (ii) one year from the Participant’s termination of employment on account of Disability or death. The Committee may, in its sole
discretion, amend a previously granted Incentive Stock Option to provide for more liberal exercise provisions, provided however that if the Incentive Stock Option as amended no longer meets the requirements of Code Section 422, and, as a result
the Option no longer qualifies for favorable federal income tax treatment under Code Section 422, the amendment shall not become effective without the written consent of the Participant. 
 (e) An Incentive Stock Option, by its terms, shall be exercisable in any calendar year only to the extent that the aggregate Fair Market
Value (determined at the Date of Grant) of the Company Stock with respect to which Incentive Stock Options are exercisable by the Participant for the first time during the calendar year does not exceed $100,000 (the “Limitation Amount”).
Incentive Stock Options granted under the Plan and all other plans of the Company and any parent or Subsidiary of the Company shall be aggregated for purposes of determining whether the Limitation Amount has been exceeded. The Board may impose such
conditions as it deems appropriate on an Incentive Stock option to ensure that the foregoing requirement is met. If Incentive Stock Options that first become exercisable in a calendar year exceed the Limitation Amount, the excess Options will be
treated as Nonstatutory Stock Options to the extent permitted by law. 
 (f) If a Participant dies and if the
Participant’s stock option agreement provides that part or all of the Option may be exercised after the Participant’s death, then such portion may be exercised by the personal representative of the Participant’s estate during the time
period specified in the stock option agreement. 
 (g) The Committee may, in its discretion, grant Options containing a
Replacement Feature as described in Section 10(b) and may amend previously granted Nonstatutory Stock Options to provide such a Replacement Feature. 
 (h) If a Participant’s employment or services is terminated by the Company for Cause, the Participant’s Options shall terminate as of the date of the misconduct. 
  

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 7. Restricted Stock Awards. 
 (a) Whenever the Committee deems it appropriate to grant a Restricted Stock Award, notice shall be given to the Participant stating the
number of shares of Restricted Stock for which the Award is granted and the terms and conditions to which the Award is subject. This notice, when accepted in writing by the Participant, shall become an Award agreement between the Company and the
Participant. Certificates representing the shares shall be issued in the name of the Participant, subject to the restrictions imposed by the Plan and the Committee. A Restricted Stock Award may be made by the Committee in its discretion without cash
consideration. 
 (b) The Committee may place such restrictions on the transferability and vesting of Restricted Stock as the
Committee deems appropriate, including restrictions relating to continued employment and financial performance goals. Without limiting the foregoing, the Committee may provide performance or Change of Control or Corporate Change acceleration
parameters under which all, or a portion, of the Restricted Stock will vest. Restricted Stock may not be sold, assigned, transferred, disposed of, pledged, hypothecated or otherwise encumbered until the restrictions on such shares shall have lapsed
or shall have been removed pursuant to subsection (c) below. 
 (c) The Committee may provide in a Restricted Stock
Award, or subsequently, that the restrictions will lapse if a Change of Control or Corporate Change occurs. The Committee may at any time, in its sole discretion, accelerate the time at which any or all restrictions will lapse or may remove
restrictions on Restricted Stock as it deems appropriate. 
 (d) A Participant shall hold shares of Restricted Stock subject
to the restrictions set forth in the Award agreement and in the Plan. In other respects, the Participant shall have all the rights of a shareholder with respect to the shares of Restricted Stock, including, but not limited to, the right to vote such
shares and the right to receive all cash dividends and other distributions paid thereon. Certificates representing Restricted Stock shall bear a legend referring to the restrictions set forth in the Plan and the Participant’s Award agreement.
If stock dividends are declared on Restricted Stock, such stock dividends or other distributions shall be subject to the same restrictions as the underlying shares of Restricted Stock. 
 8. Incentive Stock Awards. 
 (a) Incentive Stock may be issued pursuant to the Plan in connection with incentive programs established from time to time by the Committee. The Committee shall establish such performance criteria as it deems
appropriate as a prerequisite for the issuance of Incentive Stock. A Participant who is eligible to receive Incentive Stock will have no rights as a shareholder before receipt of the Incentive Stock certificates. Incentive Stock may be issued
without cash consideration. A Participant’s interest in an incentive program or the contingent right to receive Incentive Stock may not be sold, assigned, transferred, pledged, hypothecated, or otherwise encumbered. 
 (b) The Committee may provide in the incentive program, or subsequently, that Incentive Stock will be issued if a Change of Control or
Corporate Change occurs, even though the performance goals set by the Committee have not been met. 
  

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 9. Method of Exercise of Options. 
 (a) Options may be exercised by giving written notice of the exercise to the Company, stating the number of shares the Participant has
elected to purchase under the Option. Such notice shall be effective only if accompanied by the exercise price in full in cash; provided that, if the terms of an Option so permit, the Participant may (i) deliver Company Stock that the
Participant has owned for at least six months (valued at Fair Market Value on the date of exercise), or (ii) deliver a properly executed exercise notice together with irrevocable instructions to a broker to deliver promptly to the Company, from
the sale or loan proceeds with respect to the sale of Company Stock or a loan secured by Company Stock, the amount necessary to pay the exercise price and, if required by the Committee, Applicable Withholding Taxes. Unless otherwise specifically
provided in the Option, any payment of the exercise price paid by delivery of Company Stock acquired directly or indirectly from the Company shall be paid only with shares of Company Stock that have been held by the Participant for more than six
months. 
 (b) If a Participant exercises an Option that has a Replacement Feature by delivering already owned shares of
Company Stock, the Participant shall automatically be granted a Replacement Option. The Replacement Option shall be subject to the following provisions: 
 (i) The Replacement Option shall cover the number of shares of Company Stock delivered by the Participant to exercise the Option; 
 (ii) The Replacement Option will not have a Replacement Feature; 
 (iii) The exercise price of shares of Company Stock covered by a Replacement Option shall be not less than 100% of the Fair Market Value
of such shares on the date the Participant delivers shares of Company Stock to exercise the Option; 
 (iv) The Replacement
Option shall be subject to the same restrictions on exercisability as those imposed on the underlying Option and such other restrictions as the Committee deems appropriate. 
 (c) Notwithstanding anything herein to the contrary, Awards shall always be granted and exercised in such a manner as to conform to the
provisions of Rule 16b-3. 
 10. Applicable Withholding Taxes. Each Participant shall agree, as a condition of receiving an Award, to
pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, all Applicable Withholding Taxes with respect to the Award. Until the Applicable Withholding Taxes have been paid or arrangements satisfactory to the
Company have been made, no stock certificates (or, in the case of Restricted Stock, no stock certificates free of a restrictive legend) shall be issued to the Participant. As an alternative to making a cash payment to the Company to satisfy
Applicable Withholding Tax obligations, the Committee may establish procedures permitting the Participant to elect to (a) deliver shares of already owned Company Stock (subject to such restrictions as the Committee may establish, including a
requirement that any shares of Company Stock so delivered shall have been held by the Participant for not less than six months) or (b) have the Company retain that number of shares of Company Stock that would satisfy all or a specified portion
of the Applicable Withholding Taxes. Any such election shall be made only in accordance with procedures established by the Committee and in accordance with Rule 16b-3. 
  

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 11. Nontransferability of Awards. 
 (a) In general, Awards, by their terms, shall not be transferable by the Participant except by will or by the laws of descent and
distribution or except as described below. Options shall be exercisable, during the Participant’s lifetime, only by the Participant or by his guardian or legal representative. 
 (b) Notwithstanding the provisions of (a) and subject to federal and state securities laws, the Committee may grant Nonstatutory
Stock Options that permit a Participant to transfer the Options to one or more immediate family members, to a trust for the benefit of immediate family members, or to a partnership, limited liability company, or other entity the only partners,
members, or interest-holders of which are among the Participant’s immediate family members. Consideration may not be paid for the transfer of Options. The transferee of an Option shall be subject to all conditions applicable to the Option prior
to its transfer. The agreement granting the Option shall set forth the transfer conditions and restrictions. The Committee may impose on any transferable Option and on stock issued upon the exercise of an Option such limitations and conditions as
the Committee deems appropriate. 
 12. Termination, Modification, Change. If not sooner terminated by the Board, this Plan shall
terminate at the close of business on the tenth anniversary of the Effective Date. No Awards shall be made under the Plan after its termination. The Board may terminate the Plan or may amend the Plan in such respects as it shall deem advisable;
provided, that, if and to the extent required by Rule 16b-3, no change shall be made that increases the total number of shares of Company Stock reserved for issuance pursuant to Awards granted under the Plan (except pursuant to Section 13),
expands the class of persons eligible to receive Awards, or materially increases the benefits accruing to Participants under the Plan, unless such change is authorized by the shareholders of the Company. Notwithstanding the foregoing, the Board may
unilaterally amend the Plan and Awards as it deems appropriate to ensure compliance with Rule 16b-3 and to cause Incentive Stock Options to meet the requirements of the Code and regulations thereunder. Except as provided in the preceding sentence, a
termination or amendment of the Plan shall not, without the consent of the Participant, adversely affect a Participant’s rights under an Award previously granted to him. 
 13. Change in Capital Structure. 
 (a) In the event of a stock dividend, stock split or combination of shares, spin-off, reclassification, recapitalization, merger or other change in the Company’s capital stock (including, but not limited to, the
creation or issuance to shareholders generally of rights, options or warrants for the purchase of common stock or preferred stock of the Company), the number and kind of shares of stock or securities of the Company to be issued under the Plan (under
outstanding Awards and Awards to be granted in the future), the exercise price of options, and other relevant provisions shall be adjusted proportionately by the Committee, whose determination shall be binding on all persons. If the adjustment would
produce fractional shares with respect to any Award, the Committee may adjust appropriately the number of shares covered by the Award so as to eliminate the fractional shares. 
 (b) In the event the Company distributes to its shareholders a dividend, or sells or causes to be sold to a person other than the
Company or a Subsidiary shares of stock in any corporation (a “Spinoff Company”) which, immediately before the distribution or sale, was a majority owned Subsidiary of the Company, the Committee shall have the power, in its sole
discretion, to make such 

  

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adjustments as the Committee deems appropriate. The Committee may make adjustments in the number and kind of shares or other securities to be issued under
the Plan (under outstanding Awards and Awards to be granted in the future), the exercise price of Options, and other relevant provisions, and, without limiting the foregoing, may substitute securities of a Spinoff Company for securities of the
Company. The Committee shall make such adjustments as it determines to be appropriate, considering the economic effect of the distribution or sale on the interests of the Company’s shareholders and the Participants in the businesses operated by
the Spinoff Company. The Committee’s determination shall be binding on all persons. If the adjustment would produce fractional shares with respect to any Award, the Committee may adjust appropriately the number of shares covered by the Award so
as to eliminate the fractional shares. 
 (c) Notwithstanding anything in the Plan to the contrary, the Committee may take the
foregoing actions without the consent of any Participant, and the Committee’s determination shall be conclusive and binding on all persons for all purposes. The Committee shall make its determinations consistent with Rule 16b-3 and the
applicable provisions of the Code. 
 14. Change of Control. 
 (a) In the event of a Change of Control or Corporate Change, the Committee may take such actions with respect to Awards as the Committee
deems appropriate. These actions may include, but shall not be limited to, the following: at the time the Award is made, provide for the acceleration of the vesting schedule relating to the exercise or realization of the Award so that the Award may
be exercised or realized in full on or before a date initially fixed by the Committee; 
 (b) Provide for the purchase or
settlement of any such Award by the Company for any amount of cash equal to the amount which could have been obtained upon the exercise of such Award or realization of a Participant’s rights had such Award been currently exercisable or payable;

 (c) Make adjustments to Awards then outstanding as the Committee deems appropriate to reflect such Change of Control or
Corporate Change; or 
 (d) Cause any such Award then outstanding to be assumed, or new rights substituted therefore, by the
acquiring or surviving legal entity in such Change of Control or Corporate Change. 
 15. Administration of the Plan. 
 (a) The Plan shall be administered by the Committee, who shall be appointed by the Board. The Board may designate the Compensation
Committee of the Board, or a subcommittee of the Compensation Committee, to be the Committee for purposes of the Plan. If and to the extent required by Rule 16b-3, all members of the Committee shall be “Non-Employee Directors” as that term
is defined in Rule 16b-3, and the Committee shall be comprised solely of two or more “outside directors” as that term is defined for purposes of Code section 162(m). If any member of the Committee fails to qualify as an “outside
director” or (to the extent required by Rule 16b-3) a “Non-Employee Director,” such person shall immediately cease to be a member of the Committee and shall not take part in future Committee deliberations. The Committee from time to
time may appoint members of the Committee and may fill vacancies, however caused, in the Committee. 
 (b) The Committee shall
have the authority to impose such limitations or conditions upon an Award as the Committee deems appropriate to achieve the objectives of the Award and the Plan. Without limiting the foregoing and in addition to the powers set forth elsewhere in the
Plan, the 

  

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Committee shall have the power and complete discretion to determine (i) which eligible persons shall receive an Award and the nature of the Award,
(ii) the number of shares of Company Stock to be covered by each Award, (iii) whether Options shall be Incentive Stock options or Nonstatutory Stock Options, (iv) whether to include a Replacement Feature in an Option and the
conditions of any Replacement Feature, (v) the Fair Market Value of Company Stock, (vi) the time or times when an Award shall be granted, (vii) whether an Award shall become vested over a period of time, according to a
performance-based vesting schedule or otherwise, and when it shall be fully vested, (viii) the terms and conditions under which restrictions imposed upon an Award shall lapse, (ix) whether a Change of Control or Corporate Change exists,
(x) the terms of incentive programs, performance criteria and other factors relevant to the issuance of Incentive Stock or the lapse of restrictions on Restricted Stock or Options, (xi) when Options may be exercised, (xii) whether to
approve a Participant’s election with respect to Applicable Withholding Taxes, (xiii) conditions relating to the length of time before disposition of Company Stock received in connection with an Award is permitted, (xiv) notice
provisions relating to the sale of Company Stock acquired under the Plan, and (xv) any additional requirements relating to Awards that the Committee deems appropriate. Notwithstanding the foregoing, no “tandem stock options” (where
two stock options are issued together and the exercise of one option affects the right to exercise the other option) may be issued in connection with Incentive Stock Options. 
 (c) The Committee shall have the power to amend the terms of previously granted Awards so long as the terms as amended are consistent with
the terms of the Plan and, where applicable, consistent with the qualification of an option as an Incentive Stock Option. The consent of the Participant must be obtained with respect to any amendment that would adversely affect the
Participant’s rights under the Award, except that such consent shall not be required if such amendment is for the purpose of complying with Rule 16b-3 or any requirement of the Code applicable to the Award. 
 (d) The Committee may adopt rules and regulations for carrying out the Plan. The Committee shall have the express discretionary authority
to construe and interpret the Plan and the Award agreements, to resolve any ambiguities, to define any terms, and to make any other determinations required by the Plan or an Award agreement. The interpretation and construction of any provisions of
the Plan or an Award agreement by the Committee shall be final and conclusive. The Committee may consult with counsel, who may be counsel to the Company, and shall not incur any liability for any action taken in good faith in reliance upon the
advice of counsel. 
 (e) A majority of the members of the Committee shall constitute a quorum, and all actions of the
Committee shall be taken by a majority of the members present. Any action may be taken by a written instrument signed by all of the members, and any action so taken shall be fully effective as if it had been taken at a meeting. 
 16. Issuance of Company Stock. The Company shall not be required to issue or deliver any certificate for shares of Company Stock before
(i) the admission of such shares to listing on any stock exchange on which the Company Stock may then be listed, (ii) receipt of any required registration or other qualification of such shares under any state or federal securities law or
regulation that the Company’s counsel shall determine is necessary or advisable, and (iii) the Company shall have been advised by counsel that all applicable legal requirements have been complied with. The Company may place on a
certificate representing Company Stock any legend required to reflect restrictions pursuant to the Plan, and any legend deemed necessary by the Company’s counsel to comply with federal or state securities laws. The Company may require a
customary written indication of a Participant’s investment intent. Until a Participant has been issued a certificate for the shares of Company Stock acquired, the Participant shall possess no shareholder rights with respect to the shares.

  

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 17. Rights Under the Plan. Title to and beneficial ownership of all benefits described in the Plan
shall at all times remain with the Company. Participation in the Plan and the right to receive payments under the Plan shall not give a Participant any proprietary interest in the Company or any Affiliate or any of their assets. No trust fund shall
be created in connection with the Plan, and there shall be no required funding of amounts that may become payable under the Plan. A Participant shall, for all purposes, be a general creditor of the Company. The interest of a Participant in the Plan
cannot be assigned, anticipated, sold, encumbered or pledged and shall not be subject to the claims of his creditors. 
 18.
Beneficiary. A Participant may designate, on a form provided by the Committee, one or more beneficiaries to receive any payments under Awards of Restricted Stock or Incentive Stock after the Participant’s death. If a Participant makes no
valid designation, or if the designated beneficiary fails to survive the Participant or otherwise fails to receive the benefits, the Participant’s beneficiary shall be the first of the following persons who survives the Participant:
(a) the Participant’s surviving spouse, (b) the Participant’s surviving descendants, per stirpes, or (c) the personal representative of the Participant’s estate. 
 19. Notice. All notices and other communications required or permitted to be given under this Plan shall be in writing and shall be deemed to have
been duly given if delivered personally or mailed first class, postage prepaid, as follows: (a) if to the Company—at its principal business address to the attention of the Secretary; (b) if to any Participant—at the last address
of the Participant known to the sender at the time the notice or other communication is sent. 
 20. Interpretation. The terms of this
Plan and Awards granted pursuant to the Plan are subject to all present and future regulations and rulings of the Secretary of the Treasury relating to the qualification of Incentive Stock Options under the Code or compliance with Code section
162(m), to the extent applicable, and they are subject to all present and future rulings of the Securities and Exchange Commission with respect to Rule 16b-3. If any provision of the Plan or an Award conflicts with any such regulation or ruling, to
the extent applicable, the Committee shall cause the Plan to be amended, and shall modify the Award, so as to comply, or if for any reason amendments cannot be made, that provision of the Plan and/or the Award shall be void and of no effect.

 Adopted by the 
 Board of Directors of

 Hampton Roads Bankshares, Inc. 
 On
March 14, 2006 
  

 11Financing Agreement

 Exhibit 10.15 
 FINANCING AGREEMENT 
 This Financing Agreement (the “Agreement”), dated as of
May 25, 2006, is entered into by and between Prescient Applied Intelligence Inc. (“Client”), and Sand Hill Finance, LLC (“SHF”). 
 1. Purchase of Accounts. 
 1.1 Schedule of Accounts. Client may request that SHF purchase Accounts by delivering to SHF a Schedule of Accounts (the “Schedule of Accounts”) in the form of Exhibit A, and, if
requested by SHF, an invoice for each of the listed Accounts, signed by an authorized representative of Client. SHF is authorized to act upon the written or oral directions of any person that SHF believes is an authorized representative. SHF may, in
its sole discretion, elect to purchase any Account included in a Schedule of Accounts, but is under no obligation to purchase any such Account. 
 1.2 Purchased Account; Creation of a Book Reserve. Upon acceptance of any such Account (a “Purchased Account”) SHF shall pay to Client eighty percent (80%) of the face amount of the domestic Purchased
Account and sixty five percent (65%) of the face amount of the foreign Purchased Account (the “Advance”). The aggregate outstanding Advances under this Agreement shall not exceed One Million Dollars ($1,000,000) (the
“Credit Limit”). Client sells, transfers and assigns to SHF, all of Client’s right, title and interest in and to each Purchased Account, together with all of the goods represented by each Purchased Account, all of Client’s
rights and remedies as an unpaid Client under applicable law, and all of Client’s rights in and to all security for each such Purchased Account and guaranties thereof, and all rights against third parties with respect thereto. Any such goods
recovered or received by Client shall be set aside, marked with SHF’s name, and held for SHF’s account as owner. The amount of Purchased Accounts outstanding at any time shall constitute the “Account Balance”. Upon payment
of the Advance to Client, SHF shall also create a reserve on SHF’s books and records with respect to each Purchased Account in an amount equal to the face amount of the Purchased Account minus the Advance for such Purchased Account (the
“Reserve”). Notwithstanding the foregoing, in no event shall the Reserve with respect to all Purchased Accounts outstanding at any time be less than twenty percent (20%) of the Account Balance. SHF may, in its reasonable
discretion, upon prior written notice to Client, change the percentage of the Advance and the Reserve based upon any audits or other reviews by SHF of the quality of the Accounts and/or Client’s business. 
 1.3 Collection of Accounts. SHF may directly collect each Purchased Account. At the request of SHF, Client and SHF shall notify each person
liable on a Purchased Account (an “Account Debtor”) by letter (each an “Account Debtor Notice Letter”) in a form acceptable to SHF that Purchased Accounts owed by such Account Debtor have been assigned and are payable to
SHF. Client shall not take or permit any action to change or revoke any notification without SHF’s prior written consent and shall not request any Account Debtor to pay any Purchased Account to Client. If Client receives any payments of any
Purchased Accounts despite delivery of such Account Debtor Notice Letters, Client shall (i) immediately notify SHF of such payment, (ii) hold such payment in trust and safekeeping for SHF, and (iii) immediately turn over to SHF the
identical checks, monies or other forms of payment received, with any necessary endorsement or assignment. SHF shall have the right to endorse Client’s name on all payments received in connection with each Purchased Account and on any other
proceeds of Collateral. SHF shall apply payments received first to the Purchased Accounts and, so long as there does not then exist an Event of Default or an event that with notice or lapse of time would constitute an Event of Default, at SHF’s
option, SHF shall credit the Reserve or remit to Seller the excess; provided, that if any Event of Default or event that with notice or lapse of time or otherwise would constitute an Event of Default then exists, SHF shall have no duty to
remit any such collections, which collections constitute Collateral, and may apply such collections to reduce the Obligations. Client shall indemnify and hold SHF harmless from any expenses, damages and claims arising out of SHF’s collection of
any Accounts. 
 1.4 Full Recourse. The purchase by SHF of Purchased Accounts from Client shall be with full recourse against
Client. Client shall be liable for any deficiency in the event the Obligations exceed the amount of Purchased Accounts and the other Collateral. 

 2. Fees and Customer Payments. 
 2.1 Fees. On the date of the first funding under this agreement this Agreement, and on each anniversary of the date of this Agreement,
Client shall pay SHF a commitment fee equal to one percent (1%) of the Credit Limit as follows: $5,000 due at the first advance with the balance due, if and when Obligations exceed $500,000. Client shall pay to SHF on the last day of each
calendar month (the “Settlement Date”), a finance fee (the “Finance Fees”) in an amount equal to one and nine tenths percent (1.9%) per month of the average daily Obligations outstanding during the month ending
on such Settlement Date (the “Settlement Period”). Such accrued fees shall be netted against the Reserve as described in Section 3.3. Client shall pay SHF a fee of $40.00 for each check or item of payment that is returned to
SHF for insufficient funds and $25.00 for each wire, sent or received. In no event shall any charges that may constitute interest hereunder exceed the highest rate permitted under applicable law. In the event that a court of competent jurisdiction
makes a final determination that SHF has received interest hereunder in excess of the maximum lawful rate, then such excess shall be deemed a payment of principal and the interest payable hereunder deemed amended to the amount payable under the
maximum lawful rate. 
 2.2 Crediting Customer Payments. Within one business day after SHF’s receipt of payment of a
Purchased Account, SHF shall credit that payment (the “Customer Payments”) to the amount outstanding with respect to the Purchased Account, provided that if any Customer Payment is subsequently dishonored or SHF does not
receive good funds for any reason, the amount of such uncollected Customer Payment shall be included in the Account Balance as if such Customer Payment had not been received, and Finance Fees shall accrue thereon, and the credit to the specific
Purchased Account shall be reversed. Notwithstanding the foregoing, upon the occurrence of an Event of Default, SHF shall apply all Customer Payments to Client’s Obligations under this Agreement in such order and manner as SHF shall reasonably
determine. 
 2.3 Accounting. SHF shall deliver to Client after each Settlement Date, a statement of Client’s account
which shall include an accounting of the transactions for that Settlement Period, including the amount of all Finance Fees, Administrative Fees, Adjustments, Chargeback Amounts, Customer Payments and Purchased Accounts. the accounting shall
constitute prima facie evidence of the accuracy of the information included therein. 
 3. Adjustment, Chargebacks
and Remittances. 
 3.1 Adjustments. If any Account Debtor asserts any offset, right or claim with respect to a Purchased
Account, or pays less than the face amount of such Purchased Account (each, an “Adjustment”), SHF may, in its reasonable discretion, either (A) deduct the amount of the Adjustment in calculating any amount owed to Client, or
(B) chargeback to Client the Purchased Account with respect to which the Adjustment is asserted. Client shall advise SHF immediately upon learning of any Adjustment asserted by any Account Debtor. 
 3.2 Chargebacks. SHF shall have the right to chargeback to Client any Purchased Account: 
 (a) that remains unpaid ninety (90) calendar days after the invoice date; 
 (b) with respect to which there has been a breach of any warranty, representation, covenant or agreement set forth in this Agreement; 
 (c) with respect to which the Account Debtor asserts any Adjustment, or 
 (d) that is owed by an Account Debtor who has filed, or has had filed against it, any bankruptcy case, insolvency proceeding, assignment for the benefit of creditors, receivership or insolvency proceeding, or who has
become insolvent (as defined in the United States Bankruptcy Code) or who is generally not paying its debts as such debts become due. 
 Upon
demand by SHF, Client shall pay to SHF the full face amount of any Purchased Account that has been charged back pursuant to this Section, or to the extent partial payment has been made, the amount by which the face amount of such Purchased Account
exceeds such partial payment, together with any reasonable attorneys’ fees and costs actually incurred by SHF in connection with collecting such Purchased Account (collectively, the “Chargeback Amount”), SHF shall advise Client
regarding how the Chargeback Amount shall be paid, which may be by any one or a combination of the following, in SHF’s reasonable discretion: (1) payment in 

 cash immediately upon demand; (2) deduction from or offset against any Remittance that would otherwise be payable to
Client; (3) payment from any Advances that may otherwise be made to Client; (4) adjustment to the Reserve pursuant to Section 1.2 hereof; or (5) delivery of substitute Accounts and a Schedule of Accounts acceptable to SHF, which
Accounts shall constitute Purchased Accounts. 
 3.3 Remittance. SHF shall remit to Client after the Settlement Date, the
amount, if any, that SHF owes to Client at the end of the Settlement Period based on the following calculations set forth below (the “Remittance”); provided, that if there then exists any Event of Default or any event or condition
that with notice or lapse of time would constitute an Event of Default, SHF shall not be obligated to remit any payments to Client. If the amount resulting from the following calculation is a positive number, such amount is the amount of the
Remittance for such Settlement Period. If the resulting amount is a negative number, such amount is the amount owed by Client to SHF. 
 The
calculations to be used are as follows: 
 (a) The sum of the following: 
 (1) The Reserve as of the beginning of the subject Settlement Period, plus 
 (2) The Reserve created for each Account purchased during the subject Settlement Period; 
 MINUS 
 (b) The sum of the following: 
 (1) Finance Fees accrued during the subject Settlement Period; plus 
 (2) Adjustments during the subject Settlement Period; plus 
 (3) Chargeback Amounts, to the extent SHF has agreed to accept payment of any such Chargeback Amount by deduction from the Remittance: plus 
 (4) All professional fees and expenses as set forth in Section 9 for which written demand has been made by SHF during the subject Settlement
Period; plus 
 (5) The Reserve for the Account Balance as of the first day of the following Settlement Period in the minimum
percentage set forth in Section 1.2 hereof. 
 If the foregoing calculations result in a Remittance payable to Client, SHF shall make such payment by
check, subject to SHF’s rights of offset and recoupment, and its right to deduct any Chargeback Amount as set forth in Section 3.2. If the foregoing calculations result in an amount due to SHF from Client, Client shall make such payment by
any one or a combination of the methods set forth in Section 3.2 hereof for chargebacks, as determined by SHF in its reasonable discretion. 
 4.
Representations and Warranties. Client represents to SHF as follows: (a) Client is not in default in any material respect under any agreement under which Client owes any money, or any agreement, the violation or termination of which
could have a material adverse effect on Client; (b) Client has taken all action necessary to authorize the execution, delivery and performance of this Agreement; (c) except for liens approved in writing by SHF, there are no liens, security
interests or other encumbrances on the Collateral; (d) the execution and performance of this Agreement do not conflict with, or constitute a default under, any agreement to which Client is party or by which Client is bound; (e) the
information provided to SHF on or prior to the date of this Agreement is true and correct in all material respects; (f) all financial statements and other information provided to SHF fairly present Client’s financial condition, and there
has not been a material adverse change in the financial condition of Client since the date of the most recent of the financial statements submitted to SHF; (g) Client is in compliance in 

 all material respects with all laws and orders applicable to it; (h) Client is not party to any litigation and is
not the subject of any government investigation, and Client has no knowledge of any pending litigation or investigation or the existence of circumstances that reasonably could be expected to give rise to such litigation or investigation; (i) no
representation or other statement made by Client to SHF contains any untrue statement of a material fact or omits to state a material fact necessary to make any statements made to SHF not misleading; and (j) each Account described on each
Schedule of Accounts is owned by Client, is correctly stated therein, is not in dispute, is unconditionally owing at the time stated in the invoice evidencing such Account as attached to the Schedule of Accounts, is not past due or subject to any
offset or in default, represents a bona fide indebtedness arising from the actual sale of goods or performance of services to an Account Debtor in the ordinary course of Client’s business which has been received and finally accepted by the
Account Debtor. 
 5. Covenants. 
 (a) Reports. Upon request by SHF, Client will provide to SHF in form and substance acceptable to SHF (i) monthly unaudited financial statements within twenty (20) days after the last day of each month
(other than the month in which Client’s fiscal year ends), prepared in accordance with GAAP, consistently applied; (ii) audited fiscal year end financial statements with an unqualified opinion within ninety (90) days after the last
day of each fiscal year; and (iii) such other information relating to Client’s operations and condition, as SHF may reasonably request from time to time. SHF shall have the right to review and copy Client’s books and records and audit
and inspect the Collateral, from time to time, upon reasonable notice to Client. Client will reimburse SHF for the reasonable costs it may incur from time to time in such inspections and review. 
 (b) Insurance. Client will maintain insurance on the Collateral and Client’s business, in amounts and of a type that are customary to
businesses similar to Client’s, and SHF will be named in a lender’s loss payable endorsement in favor of SHF, in form reasonably acceptable to SHF. 
 (c) Negative Covenants. Without SHF’s prior written consent, which shall not be unreasonably withheld, Client shall not do any of the following: (i) permit or suffer a change of control of Client
(i.e. an investor or group of related investors acquiring more than 50% of Client’s common stock on a fully-diluted as converted basis) or a transfer of more than 50 percent of Client’s common stock on a fully-diluted as-converted basis;
(ii) acquire any assets outside the ordinary course of business in a transaction involving the payment of an aggregate amount of more than $100,000 other than in connection with any strategic acquisition(s) of a third party or the business,
division or product line of a third party; (iii) sell, lease, license or transfer any property, including intellectual property, except for sales of Inventory and Equipment or non-exclusive licenses entered into in the ordinary course of
business; (iv) pay or declare any dividends on Client’s stock (except for dividends payable solely in stock of Client or dividends payable solely in stock of Client or dividends payable on Client’s preferred stock); (v) redeem,
purchase or otherwise acquire, any of Client’s stock, except agreements approved by Client’s board of directors, (vi) permit any Account Debtor to make payments on a Purchased Account other than to SHF; (vii) make any investments
in, or loans or advances to, any person other than in the ordinary course of business as currently conducted; (viii) make any payment on any indebtedness that is subordinate to the Obligations, other than in accordance with a subordination
agreement in favor of SHF relating thereto; (ix) fail to make any tax payment on or before the due date; (x) enter into any material transaction with any affiliate of Client except for (A) transactions that are in the ordinary course
of Client’s business and on fair and reasonable terms that are no less favorable to Client than would be obtained in an arm’s length transaction with a non-affiliated person or (B) in connection with any transactions with Sharad Tak
or any of his affiliates; (xi) incur any indebtedness other than (A) trade credit incurred in the ordinary course of business or (B) in connection with any transactions with Sharad Tak or any of his affiliates; (xii) permit any
lien or security interest to attach to any Collateral other than (A) in favor of SHF or (B) in connection with any transactions with Sharad Tak or any of his affiliates; or (xiii) agree to do any of the foregoing. 
 6. Grant of Security Interest. To secure the prompt payment and performance of all fees, amounts and obligations of Client now or hereafter owing to SHF
under this or any other agreement, involving reasonable attorneys fees, collectively, (the “Obligations”), Client hereby grants to SHF a security interest in all of Client’s property, now owned or hereafter acquired, including
all accounts, inventory, chattel paper, documents, instruments, letters of credit, securities, general intangibles, deposit accounts, patents, trademarks, copyrights, goodwill, inventory equipment, investment property, financial assets, and all
proceeds of the foregoing (collectively, the “Collateral”); provided, however, that “Collateral” shall not include any equipment acquired in connection with financing provided by a lender other than SHF nor any equipment
which, as of the date hereof, is subject to a lien or purchase money security interest in favor of a lender other than SHF. 

 7. Events of Default; Remedies. Any one or more of the following shall constitute an Event of Default under
this Agreement: (a) Client’s failure (i) to pay all or any part of the principal or interest hereunder within 5 business days of the date due and payable, after giving effect to all applicable grace or cure periods, if any, or
(ii) to comply with any agreement or covenant set forth in this Agreement, (iii) to comply with the material terms of any material contract to which Client is a party and any material agreement pursuant to which Client has incurred
indebtedness, or (iv) to comply in all material respects with any law to which Client is subject; (b) Any of Client’s assets are attached or become subject to levy or legal proceeding, or if Client becomes insolvent, or becomes the
subject of any case or proceeding under the United States Bankruptcy Code or any other law relating to the reorganization or restructuring of debt (an “Insolvency Event”); or (c) any representation made to SHF in this
Agreement, the Schedule of Accounts, or any information given to SHF by or on behalf of Client shall be incorrect in any material respect as of the date such representation is made or such information is provided; or (d) the occurrence of a
material adverse change in Client’s condition or prospects. Upon the occurrence of an Event of Default, all fees and other amounts owing hereunder shall, at the option of SHF, be immediately due and payable, and SHF may exercise all of the
rights of a secured party under the Uniform Commercial Code, as enacted by the legislature of the State of California (the “UCC”). SHF shall have a right to dispose of the Collateral in any commercially reasonable manner, and shall have a
royalty-free license to use any name, trademark, advertising matter or any property of a similar nature to complete production of, advertisement for, and disposition of any Collateral. SHF shall have a license to enter into, occupy and use
Client’s premises and the Collateral without charge to exercise any of SHF’s rights or remedies under this Agreement. All rights are cumulative and may be exercised in SHF’s discretion singularly or together with any other rights.

 8. Power of Attorney 
 8.1
Client appoints SHF and its designees as Client’s true and lawful attorney in fact, to exercise in SHF’s reasonable discretion, and regardless of whether an Event of Default is then existing, all of the following powers, such powers being
coupled, with an interest: (A) to receive, deposit, and endorse Client’s name on all checks, drafts, money orders and other forms of payment relating to the Purchased Accounts; (B) to compromise, prosecute, or defend any action,
claim, case, or proceeding relating to the Purchased Accounts, including the filing of a claim or the voting of such claims in any bankruptcy case, all in SHF’s name or Client’s name, as SHF may elect; (C) to receive, open, and
redirect to Client all mail addressed to Client for the purpose of collecting the Purchased Accounts and to take all the actions permitted in subsection (A) above with respect to any payment in any such mail; and (D) to do all acts and
things necessary or expedient, in furtherance of any such purposes.
 8.2 Furthermore, after the occurrence and during the
continuation of an Event of Default, Client appoints SHF and its designees as Client’s true and lawful attorney in fact, to exercise in SHF’s reasonable discretion, all of the following powers, such powers being coupled, with an interest:
(A) to notify all Account Debtors to make payment directly to SHF; (B) to receive, deposit, and endorse Client’s name on all checks, drafts, money orders and other forms of payment relating to the Accounts; (C) to demand,
collect, receive, sue, and give releases to any Account Debtor for the monies due or which may become due on or in connection with the Accounts; (D) to compromise, prosecute, or defend any action, claim, case, or proceeding relating to the
Accounts, including the filing of a claim or the voting of such claims in any bankruptcy case, all in SHF’s name or Client’s name, as SHF may elect; (E) to sell, assign, transfer, pledge, compromise, or discharge any Accounts;
(F) to receive, open, and redirect to Client all mail addressed to Client for the purpose of collecting the Accounts and to take all the actions permitted in subsection (B) above with respect to any payment in any such mail; (G) to
dispose of any Collateral, and (H) to do all acts and things necessary or expedient, in furtherance of any such purposes. Upon the occurrence of an Event of Default, all of the power of attorney rights granted by Client to SHF hereunder
shall be applicable with respect to all Collateral.
 9. Administrative Expenses and Attorneys’ Fees. Client shall pay to SHF immediately
upon demand, all costs and expenses, including reasonable fees and expenses of outside attorneys and other outside professionals, that SHF actually incurs in connection with any and all of the following: (A) preparing, administering and
enforcing this Agreement, or any other agreement executed in connection herewith; (B) perfecting, protecting or enforcing SHF’s interest in the Purchased Accounts and the other Collateral; (C) collecting the Purchased Accounts and the

 Obligations; (D) defending or in any way addressing claims made or litigation initiated by or against SHF as a
result of SHF’s relationship with Client; and (E) representing SHF in connection with any bankruptcy case or insolvency proceeding involving Client, any Purchased Account, any other Collateral or any Account Debtor. Any attorneys’
fees and expenses may, at SHF’s option, be netted against the reserve as set forth in Section 3.3. 
 10. Term and Termination. The
term of this Agreement shall be for one (1) year from the date hereof, and from year to year thereafter unless terminated in writing by SHF or Client. Client and SHF shall each have the right to terminate this Agreement at any time.
Notwithstanding the foregoing, any termination of this Agreement shall not affect SHF’s security interest in the Collateral and SHF’s ownership of the Purchased Accounts, and this Agreement shall continue to be effective, and SHF’s
rights and remedies hereunder shall survive such termination, until all transactions entered into and Obligations incurred hereunder or in connection herewith have been completed and satisfied in full. 
 11. Miscellaneous. 
 11.1 Severability. In the event that any provision of this Agreement is held to be invalid or unenforceable, this Agreement will be construed as not containing such provision and the remainder of the Agreement shall remain in
full force and effect. 
 11.2 Choice of Law. This Agreement shall be governed by and interpreted in accordance with the laws
of the State of California, without giving effect to principles of conflicts of law. Unless otherwise defined, capitalized terms shall have the meaning assigned in the UCC. 
 11.3 Notices. All notices shall be given to SHF and Client at the addresses set forth in this Agreement and shall be deemed to have been
delivered and received: (A) if mailed, three (3) calendar days after deposited in the United States mail, first class, postage prepaid; (B) one (1) calendar day after deposit with an overnight mail or messenger service; or
(C) on the same date of transmission if sent by hand delivery or fax. 
 11.4 Jury Waiver; Arbitration; Jurisdiction. SHF AND CLIENT
IRREVOCABLY WAIVE ANY RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, INCLUDING CONTRACT CLAIMS, TORT CLAIMS AND ALL OTHER COMMON LAW OR STATUTORY
CLAIMS. IF THIS JURY WAIVER IS FOR ANY REASON NOT ENFORCEABLE, THEN SHF AND CLIENT AGREE TO RESOLVE AL CLAIMS, CAUSES AND DISPUTES THROUGH FINAL AND BINDING ARBITRATION TO BE HELD IN SANTA CLARA COUNTY, CALIFORNIA IN ACCORDANCE WITH THE THEN-CURRENT
COMMERCIAL ARBITRATION RULES OF THE AMERICAN ARBITRATION ASSOCIATION. JUDGMENT UPON ANY AWARD RESULTING FROM ARBITRATION MAY BE ENTERED INTO AND ENFORCED BY ANY STATE OR FEDERAL COURT HAVING JURISDICTION THEREOF. SHF and Client submit to the
jurisdiction of the state and Federal courts located in Santa Clara County, California. 
 11.5 Counterparts. This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which shall constitute one instrument. 
 11.6 Integration. This Agreement and the documents executed in connection herewith constitute the entire agreement of the parties, and supercedes any prior discussions or agreements, oral or written. This Agreement may not be
amended except by written instrument signed by both parties. No waiver shall be effective unless in writing and signed by SHF. Any waiver on one occasion is not a waiver on any subsequent occasion 
 11.7 Assignment. Client may not assign any interests or rights, or delegate any duties, hereunder. SHF may grant participations in, assign
its rights, and grant one or more security interests, in its rights hereunder. 
 11.8 General Authorization. Client hereby authorizes
SHF to use Client’s name, logo, and information relating to this financing relationship in its marketing and advertising campaigns which is intended for SHF’s customers, prospects and shareholders. SHF will forward any advertising or
article including Client for prior review and approval. 

 IN WITNESS WHEREOF, Client and SHF have executed this Agreement on the day and year written above.

  

							
	“SHF”	 	“CLIENT”
		
	SAND HILL FINANCE, LLC	 	PRESCIENT APPLIED INTELLIGENCE INC.
				
	By:	 	 /s/ Ron Ernst
	 	By:	 	 /s/ Thomas W. Aiken

	Title:	 	CFO	 	Title:	 	SVP and CFO
			
		 		 	 Address of Client, Chief Executive Office and Location of Collateral

	20573 Stevens Creek Blvd, Ste 200	 		 	
	Cupertino, CA 95014	 		 	
	Telephone No: (408) 447-8530	 	Street: 1247 Ward Avenue
	Facsimile No: (408) 447-8535	 		 	
		 		 	City: West Chester
		
	Other Locations of Collateral, if any, in Addition to Above:	 	State: PA
		
	  
	 	Zip Code: 19380
		
	  
	 	Telephone No.: (610) 719-1600
		
	  
	 	
		
	  
	 	Facsimile No.: (610) 719-6161

  

 5

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