Document:

EXHIBIT 10.8

 Exhibit 10.8 
 EVENT CENTER LEASE AGREEMENT 
 Prepared by: Kendall O. Clay, Attorney at Law, P.C., PO Box 852, Radford, VA 24143

 Return to:
                                         
                                         
                                         
  
 Tax Map Reference No.:
                                         
                
 THIS LEASE AGREEMENT, made this 30th day of
April, 2008, by and between HASH INVESTMENTS, L.L.C., Grantor, herein referred to as “Landlord”, whose address is 2257 Roanoke Street, Christiansburg, VA 24073, and HOMETOWN BANK, D/B/A NEWRIVER BANK, Grantee, herein referred to as
“Tenant”, whose address is 202 S. Jefferson Street, Roanoke, Virginia. 
 WITNESSETH: 
 WHEREAS, Landlord is the sole owner of the following premises located at 1655 Roanoke Street, Christansburg, Virginia, and the Tenant will lease Suite C
and a part of Suite E, together with such additional spaces as the parties may agree upon described on Exhibit 1; and 
 WHEREAS, Tenant
desires to lease the premises for the purpose of conducting a loan production office and other offices relating to its banking operations. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein the parties hereby agree as follows: 
 DESCRIPTION OF THE
PREMISES 
 Landlord agrees to lease and Tenant agrees to rent that certain space containing 1900 square feet in Suite C and 900 square feet
of Suite E, both of which are shown on Exhibit 2, a copy of which is attached hereto and made a part hereof, together with adequate parking and roadways for ingress and egress, which are hereinafter referred to as the “premises.”

 TERM OF LEASE 
 Tenant agrees
to lease the above described premises for a period of sixty (60) months commencing on the first day of May, 2008. At the end of such 60-month period the Lease shall be 

 
renewed for an additional 60-month period upon the same terms and conditions (except for an increase adjustment in rent as provided herein), unless ninety
(90) days prior to the end of such initial 60-month period the Tenant notifies the Landlord that it does not intend to renew the Lease. Upon the expiration of the initial term and any renewal term, as provided herein, the Lease shall continue
for successive periods of 60 months unless either party notifies the other party by delivery of a certified letter notifying the other party of its intent not to renew the Lease. 
 COMMENCEMENT DATE AND IMPROVEMENTS 
 The premises will be available to the Tenant by
May 1, 2008. The Tenant may, at any time during this Lease, with the prior written consent of the Landlord and upon such terms and conditions as the Landlord shall set forth in writing, make such alterations and additions to the premises at its
own expense. 
 RENT 
 Tenant
agrees to pay to Landlord at its office, the sum of One Thousand One Hundred Eight and 33/100 Dollars ($1,108.33) per month for the lease of the premises, to be due and payable on the first day of each month beginning on the first day of May, 2008;
and, beginning on the first day of September, 2008, monthly rent shall increase to One Thousand Six Hundred Thirty-Two Dollars ($1,632.08) per month for the remaining term of the lease unless the floor space is increased by mutual agreement.

 For the renewal period and any subsequent renewal periods rent for the renewal period and subsequent renewal periods shall increase by 10%
over the rental in effect for the previous period for each subsequent rental period. 
  

 2 

 REAL ESTATE TAXES 
 During the term of this Lease, Landlord shall pay all real estate taxes and real estate assessments imposed on the demised premises by the state, county, or other lawful governmental authority. Tenant shall reimburse
Landlord for said real estate taxes on a pro-rata basis based on the entire rental area of the building. Tenant shall pay all personal property and business taxes imposed by the state, county, or other lawful governmental authority on Tenant’s
property or business operations. 
 USE OF PREMISES 
 The parties expressly agree that this Lease is executed in order that Tenant may conduct the business of operating a loan production office and other offices related to its banking operation. 
 SERVICES 
 During the term of this Lease, the
parties shall provide the following: 
 At Tenant’s Expense: 
  

	 	•	 	 Repairs to heating, cooling and electricity services 

  

	 	•	 	 Bathroom facilities, except that shared bathroom facilities shall be provided at no cost to the Tenant 

  

	 	•	 	 Pro-rata share of snow removal and ice removal 

  

	 	•	 	 Pro-rata share of maintenance, including parking lot maintenance 

  

	 	•	 	 Pro-rata share of real estate taxes 

 The pro-rata share shall be determined by pro-rating the space occupied by the Tenant as a proportion of the total space utilizing the services which are being pro-rated. If not separately metered or billed, Tenant shall reimburse Landlord
for the above listed expenses on a pro-rata basis determined by the amount of square footage leased by Tenant compared to the total square footage of leasable space in the building. 
 At Landlord’s Expense: 
  

	 	•	 	 Custodial services for bathroom facilities 

  

	 	•	 	 Hazard insurance protecting the Landlord’s interest 

  

	 	•	 	 Exterior maintenance 

  

 3 

 ASSIGNMENT AND SUBLEASE 
 This Lease may not be assigned or transferred, except to a successor entity, and the premises may not be sublet, either in whole or in part, by Tenant without Landlord’s prior written consent, which consent shall
not be unreasonably withheld. 
 REPAIRS 
 Landlord hereby agrees that during the term of this Lease, it shall, in the matter of keeping the building and demised premises in good repair, do only the following: keep the exterior walls and roof of the building in proper and
substantial repairs, and maintain the public or common areas of the building, including, but not limited to, hallways, stairways, decks, rest rooms, and parking areas in good and substantial repair. The cost of these services may be pro-rated as
provided under “SERVICES” portion of this agreement. 
 RIGHT OF ENTRY TO REPAIR 
 Landlord reserves the right for itself, its agents and employees to enter upon the premises at any reasonable time to make repairs, alterations or
improvements; provided, however, that such repairs, alterations, or improvements shall not unreasonably interfere with Tenant’s business operations. Such right to enter shall also include the right to enter upon the premises for the purposes of
inspection. 
 INSURANCE 
 Landlord shall maintain all public or common areas in a condition free from all physical and fire hazards. Landlord shall adequately insure the building and all public or common areas for fire, casualty, hazard, and liability. Tenant shall
maintain the demised premises in a hazard-free condition. Tenant shall be responsible for insuring its personal property and it shall be responsible for all liability within the demised premises. 
  

 4 

 BANKRUPTCY OR INSOLVENCY 
 It is expressly agreed that if at any time during the term of this lease, Tenant shall be adjudged bankrupt or insolvent by any Federal or State Court of competent jurisdiction, Landlord may, at its option, declare
this Lease to be terminated and canceled, and may take possession of the demised premises. In the event of the bankruptcy or insolvency of the Landlord, or in the event the premises are sold, Tenant may elect to terminate this Lease, but it will not
be required to do so. 
 DAMAGE OR DESTRUCTION BY FIRE OR NATURE CAUSES 
 If, during the term of this Lease, the building on the demised premises is destroyed by fire, natural causes, or other casualty, or so damaged thereby
that it cannot be repaired with reasonable diligence within sixty (60) days, this Lease shall terminate as of the date of such damage or destruction. However, if said buildings can with reasonable diligence be repaired within 60 days, said
buildings shall be, by Landlord, repaired as quickly as is reasonably possible, and this lease shall remain in full force and effect; provided, however, rent shall be abated for any part of said building which is rendered unfit for occupancy for the
period that such unfitness continues. 
 DEFAULT ON PAYMENT OF RENT 
 If any monthly installment of rent as herein called for remains overdue and unpaid for ten (10) days, Landlord shall impose a penalty of five
(5) percent of the monthly rental amount for each month overdue. If any monthly installment of rent and interest as herein called for remain overdue and unpaid for thirty (30) days, Landlord may, at its option, at any time during such
default, declare this Lease terminated and take possession of the demised premises. 
  

 5 

 DISPUTE RESOLUTION/ARBITRATION 
 The parties agree to use every reasonable effort to settle any dispute or disagreement between them relative to this agreement by amicable means and not
to resort to legal action unless and until the parties have in good faith attempted to settle such dispute or disagreement. If this method of resolution should have proved to be impracticable, any controversy or claim arising out of or relating to
this agreement shall be submitted to and be finally resolved by arbitration. Unless the parties interested mutually agree on a different method of arbitration, then any interested party may submit the matter to arbitration with one arbitrator
selected by each party and the two arbitrators thus selected shall select a neutral arbitrator who shall preside over the arbitration which will be conducted in accordance with the Commercial Arbitration Rules of the American Arbitration
Association, the Virginia Arbitration Act, or such other rules and procedures agreed upon by a majority of the arbitrators. The arbitrators may employ such experts as they deem necessary and hear evidence from any party in the discretion of the
arbitrators. The determination by a majority of the arbitrators shall be binding on all parties for all purposes and a judgment on the award may be entered by any court of competent jurisdiction. Costs of each designated arbitrator shall be paid by
the designating party and all other costs for a neutral arbitrator, experts and expenses incurred shall be divided equally between the parties in accordance with the Commercial Arbitration Rules of the American Arbitration Association. The
arbitration shall take place in a neutral location, and, except as otherwise provided herein, the provisions of the Virginia Uniform Arbitration Act shall apply. The arbitrators may employ the service of such accountants and agents as they may deem
necessary. Interested parties may present to the arbitrators such evidence as they may deem appropriate. The determination of a majority of the arbitrators shall be final and binding upon all persons for all purposes. Each party shall bear the
expenses of its or his attorney and the expenses of its or his proof, if any. Judgment upon the award rendered by the arbitrators may be entered in any court of competent jurisdiction. 
  

 6 

 SIGNS 
 Tenant may display signs and shingles advertising his place of business with the prior written consent of the Landlord, which consent shall not be unreasonably withheld. 
 The parties, having read and understood the provisions of this lease, agree for themselves, their heirs, administrators, personal representatives,
executors, successors and assigns to be bound thereby. 
 In Witness Whereof, the parties have executed this lease on the 30th day of April,
2008. 
  

			
	HASH INVESTMENTS, L.L.C.
		
	By:	 	/s/ David Hagan
	Its:	 	 
	
	HOMETOWN BANK, D/B/A NEWRIVER BANK
		
	By:	 	/s/ Charles W. Maness
	Its:	 	CFO

  

 7Performance Share Granting 2008

 EXHIBIT 4.2(F) 
  
 TELECOM ITALIA S.P.A. 
 PERFORMANCE SHARE GRANTING 2008 
  
 RULES 
  
 In implementing the resolutions
adopted on 16 April 2007 by the Ordinary Shareholders’ Meeting of Telecom Italia S.p.A. (with registered office in Milan, at Piazza degli Affari 2, tax code and registration number in the Milan Company Register 00488410010, also known as
“Telecom Italia” and the “Company”), the following rules are established (the “Rules”) for the plan for the assignment, free of charge, of ordinary shares of the Company to the top management of the Group known as the
“Performance Share Granting 2008” (the “Plan”). 
  
 Definitions 

  
 Beneficiaries – the beneficiaries of the Plan,
identified among the persons entrusted with strategic roles who are employees or collaborators of Telecom Italia or companies controlled by Telecom Italia. 
  

Incentive Period – the span of time with respect to which the degree of achievement of the Performance Objectives is verified, represented for
each Beneficiary by the Plan Years in which his/her Participation Period is placed. Incentive Periods may therefore correspond not only to the entire three-year period of the Plan, but also to each of the three Plan Years separately, or to the
two-year periods made up of the first and second or the second and third Plan Years. 
  
 Participation Period – the duration period of each Beneficiary’s participation in the Plan. The Maximum Participation Period is the period made up of the Plan Quarters included between the time the Right is
perfected and 30 June 2011; the Actual Participation Period is the period made up of the Plan Quarters included between the time the Right is perfected and the Vesting of the Right. 
  
 Performance Objectives – the objectives identified in the schedule of
objectives, to whose total or partial achievement is linked the actual assignment to Beneficiaries of the Shares subject to the Right. 
  
 Plan Quarters – The whole quarters completed between 1 July 2008 and 30 June 2011, ending on 30 September and 31 December in the
years 2008, 2009 and 2010 and on 31 March and 30 June in the years 2009, 2010 and 2011. 
  
 Plan Years – the whole years (and each “Plan Year”) completed from 1 July 2008 to 30 June 2011, the date on which the Plan ends. 
  
 Right – the right granted by the Company to Beneficiaries to be assigned
Shares free of charge. The Right – personal and not transferable inter vivos – is perfected with Beneficiaries’ acceptance of the content of the individual letter, the schedule of objectives and these Rules, which are an integral part
of the individual letter. 
  
 Share/Shares – the ordinary
shares of Telecom Italia S.p.A., each with a par value of €0.55. The shares are traded on the MTA share market, organized and managed by Borsa Italiana S.p.A.

  
 Telecom Italia Group or the Group – Telecom Italia and
the companies it controls directly and indirectly. 
  
 Vested
Shares – the Shares that can be assigned to the Beneficiary according to the degree to which the Performance Objectives have been achieved in the Incentive Period. 
  
 Vesting (of the Right) – the termination of the Plan or some other event upon whose occurrence the Shares subject to
the Right become collectible according to the degree to which the Performance Objectives have been achieved (Vested Shares). 
  

	1.	 Description of the Plan 

  

	1.1	 The Plan consists in granting Beneficiaries the right to the assignment, free of charge, of Shares up to a maximum number determined in advance by the Board of Directors
(or its duly authorized representative) for the Maximum Participation Period, with the subsequent actual assignment of only the Vested Shares, in accordance with Section 3. 

	1.2	 The condition for the Vesting of the Right is participation in the Plan for a minimum Actual Participation Period of four consecutive Plan Quarters. No sum is owed by the
Company for shorter Participation Periods. 

  

	2.	 Beneficiaries 

  

	2.1	 The identification of the Beneficiaries with the contemporaneous quantification of the Shares subject to the Right is to be carried out by the Board of Directors (or its
duly authorized representative). 

  

	2.2	 The Board of Directors (or its duly authorized representative) is to verify over time the consistency of the list of Beneficiaries with Telecom Italia’s
organizational and/or corporate structure and adopt any measures that may be necessary. 

  

	2.3	 For Beneficiaries identified at the Plan’s launch the Right is effective from 1 July 2008 onwards and refers to all the Plan Quarters up to 30 June 2011.

  
 In the event of a new Beneficiary
being identified during the Plan, the Right will be effective ex nunc and refers to the Plan Quarters with dies a quo subsequent to the entitlement of the Right and up to 30 June 2011. 
  

	2.4	 Each Beneficiary is to be informed of his/her inclusion in the Plan with an indication of the Performance Objectives and the number of Shares subject to the Right. Every
subsequent change to the Plan, including revocation of the Right on an individual basis, is to be notified to the Beneficiary in the manner laid down in Section 8. 

  

	3.	 Vested Shares 

  

	3.1	 Vesting is to be understood as verified at the end of the Plan or on the day of the event that causes the annulment of the Right with effect ex nunc, as described
in Section 5, without prejudice to the time to ascertain the achievement of the Performance Objectives in the relevant Incentive Period and to transfer the Shares as set out below. 

  

	3.2	 In the event of annulment of the Right with effect ex nunc, for the purpose of quantifying the Vested Shares, the number of Shares subject to the Right is to be
rescaled (with the result rounded up to the nearest whole number) to take account of the Actual Participation Period, provided the condition referred to in Section 1.2 is satisfied. 

  

	3.3	 The number of Vested Shares is calculated by the Board of Directors (or its duly authorized representative) according to the degree to which the Performance Objectives
have been achieved in the Incentive Period. Without prejudice to Section 3.4, the assignment (transfer) of Vested Shares is normally to be carried out in one lump sum and to be effective on the sixth trading day subsequent to 30 June 2011
(Vested Shares with respect to Incentive Periods ending on 30 June 2011) or, in the event of annulment of the Right referred to in Section 5, to 30 June 2010 (Vested Shares with respect to Incentive Periods ending on 30 June
2010) or to 30 June 2009 (Vested Shares with respect to Incentive Periods ending on 30 June 2009). 

  

	3.4	 For Beneficiaries who at the time of the Vesting of the Right hold the position of Executive Director and/or General Manager of the Company, the assignment will be carried
out in two tranches equal to half the Vested Shares, the first to be made over within the time limit identified in Section 3.3 and the second at the end of the subsequent twelve months. 

  

	4.	 Performance Objectives 

  

	4.1	 Achievement of the Performance Objectives – possibly rescaled for two or one-year Incentive Periods – is normally to be ascertained by the second trading day
subsequent to 30 June 2009, 30 June 2010 and 30 June 2011 for Incentive Periods ending respectively on 30 June 2009, 2010 and 2011. 

  

	5.	 Conditions for the assignment of Shares 

  

	5.1	 Without prejudice to the cases referred to below, the Right will be annulled when the Beneficiary ceases to have an employment, board or collaborative relationship with
the Company or subsidiaries of the Company, even if different from the Group company with which such relationship existed at the time of the entitlement of the Right. 

  

	5.2	 In the event of dismissal for just cause or on justified subjective grounds or of resignation not for just cause, as of the date of the communication of the termination of
the relationship, the Beneficiary will lose the Right with effect ex tunc and therefore without the assignment of Shares. 

	5.3	 The Beneficiary’s Right will be annulled ex nunc, with assignment of the Vested Shares pursuant to Section 3 in the following cases:

  

	 	a.	 withdrawal from the Group of the company or business unit with which the Beneficiary has the employment, board or collaborative relationship; 

 

	 	b.	 dismissal upon age limits being reached or resignation due to retirement and in the event of disability; 

  

	 	c.	 termination of the appointment to the position of director; 

  

	 	d.	 revocation of the participation in the Plan of the individual Beneficiary as a consequence of changes to the organizational and/or corporate structure;

  

	 	e.	 cancellation or suspension of the entire Plan. 

  

	5.4	 In the event of termination of the employment relationship by mutual consent, or dismissal on justified objective grounds or resignation for just cause (and equivalent
cases in relation to board relationships), the Right will be annulled. The Company’s Board of Directors (or its duly authorized representative) may nonetheless permit the assignment of a number of shares not exceeding 50% of the Vested Shares
at the date of the termination of the relationship according to the terms and conditions established in Section 3. The decision is reserved to the Board of Directors if the Beneficiary is an executive director of the Company.

  

	5.5	 In the event of the Beneficiary’s death, the Vested Shares up to the day of death will be assigned to the persons having entitlement according to the terms and
conditions established in Section 3 once fulfilment of the obligations deriving from applicable law has been ascertained. 

  

	5.6	 Under the currently applicable tax legislation referred to in Section 6.1, an essential condition for the assignment of the Shares is the Beneficiary’s making
funds available for the withholding of tax on income that the Company might have to carry out in its capacity as a withholding agent. 

  

	6.	 Tax and social security regime 

  

	6.1	 The taxes and social security contributions related to the Shares assigned remain the responsibility of Beneficiaries and/or the Company on the basis of the currently
applicable legislation. 

  

	6.2	 The tax and social security regime applicable to Beneficiaries of the Plan who are domiciled abroad for tax purposes is that of the tax jurisdictions concerned, subsequent
to the application of any international double tax agreements to avoid overlapping demands between the country of the Beneficiary’s tax domicile and the country of the employer’s tax domicile. 

  

	6.3	 The tax regime of the assignment to successors having entitlement of defunct beneficiaries will be that applying to successions mortis causa.

  

	7.	 Changes to the Plan 

  

	7.1	 The Board of Directors (or its duly authorized representative) may intervene at any time, in the manner deemed most appropriate, to revoke or correct the terms and
conditions for individual Beneficiaries to participate in the Plan in the same way as – within the limits established in the resolution of the shareholders’ meeting – it may change, suspend or cancel the Plan in the light of events
(including legislative and regulatory amendments), extraordinary corporate actions, and investment/disinvestment projects considered to be of particular importance and not foreseen at the time of assignment of the Right, and give Beneficiaries’
timely notice of its decision. 

  

	7.2	 If a cash and/or exchange tender offer is made for the Shares, the Company’s Board of Directors (or its duly authorized representative) may provide for the early
assignment of some or all of the Vested Shares, and establish the terms and conditions for the purpose. 

  

	8.	 Notifications 

  

	8.1	 Notifications to Beneficiaries pursuant to these Rules are to be made in writing and sent by ordinary mail or e-mail. 

  

	8.2	 Notifications are to be made preferably to the place of work or to the address indicated by Beneficiaries. To this end Beneficiaries must promptly notify the Human
Resources function of any change in their postal and e-mail addresses. 

  

	9.	 Disputes 

  

	9.1	 Any disputes arising from, dependent on or howsoever connected with the Plan are to be referred to the sole competence of the judiciary of Milan.

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