Document:

exv10w19

 

Exhibit 10.19

FIRST AMENDMENT OF THE

2005 NON-QUALIFIED STOCK OPTION PLAN

FOR RELIANCE BANCSHARES, INC.

     THIS FIRST AMENDMENT of the 2005 Non-Qualified Stock Option Plan dated August 1, 2005
(the “Plan”) for Reliance Bancshares, Inc. (herein called the “Company”) hereby deletes
paragraph 5 of the Plan and adopts a new paragraph 5 of the Plan which reads in its entirety
as follows:

     5. Time of Exercise. There shall be a delay in vesting of any options initially
granted under this Plan until the following conditions are satisfied, including (a) any
participant shall have served as a director or advisory director for a minimum of two (2)
years after election or appointment as a director or advisory director or after the Company
obtains control of a subsidiary bank or thrift; (b) the participant holds $0.50 par value
Class A common stock equal to the number of option shares granted hereunder in his or her
name or in joint names or in the name of an affiliate or with a beneficial interest in the
participant, in addition to required qualifying shares applicable to the Company’s 2001,
2003 and 2004 Non-Qualified Stock Option Plans, if any; and (c) the participant achieves an
attendance record over a two-year period, namely the two-year period starting August 1, 2005
and ending July 31, 2007, or two-years after his or her first election or appointment, that
complies with the following:

	(i)	 	Subsidiary Banks and Thrifts – Legal directors may miss not more than
two (2) regularly scheduled directors meetings in either period of twelve (12)
consecutive months following the beginning date as determined by the Board; if a third
meeting is missed in either period, then 25% of the options shall not vest; and if a
fourth meeting is missed in either period, then 100% of the options shall not vest;
	 
	(ii)	 	Subsidiary Banks and Thrifts – Advisory directors may miss not more
than two (2) regularly scheduled advisory directors meetings in either period of twelve
(12) consecutive months following the beginning date as determined by the Board, since
only nine (9) meetings are scheduled, and if a third meeting is missed in either
period, then 100% of the options shall not vest; provided, however, if the subsidiary
bank or thrift adopts a schedule of five (5) meetings per year for a branch, then
advisory directors may miss not more than one (1) regularly scheduled advisory
directors meeting in either period of twelve (12) consecutive months following the
beginning date as determined by the Board, and if a second meeting is missed in either
period, then 100% of the options shall not vest.
	 
	(iii)	 	Reliance Bancshares, Inc. – Legal directors may miss not more than two
(2) regularly scheduled directors meetings in either period of twelve (12) consecutive
months following the beginning date as determined by the Board; if a third meeting is
missed in either period, then 25% of the options shall not vest; and if a fourth
meeting is missed in either period, then 100% of the options shall not vest; and

Attendance for purposes of vesting shall begin August 1, 2005, or at a later date as
determined by the Board and only the Board may grant excused meetings under the Plan. When
fully vested, the options may be exercised in whole or in part at any time, or from time to
time thereafter until the expiration or termination of the options. All options hereunder
shall expire on August 1, 2015.

     The foregoing First Amendment of the Plan was approved by the Board of Directors of the
Company on and is effective as of July 19, 2006 and shall automatically amend and revise all
2005 Non-Qualified Stock Option Agreements executed with Directors or Advisory Directors who
are covered by the Plan.exv10w20

 

Exhibit 10.20

	 	 	 
	11781 Manchester Road
	 	 
	 
	 	 
	Des Peres, MO 63131 
	 	 
	 
	 	 
	Tel: 314.965.5300
	 	 
	 
	 	 
	Fax: 314. 965. 0321

	PERSONAL AND CONFIDENTIAL	 

			
	            TO:	 	Personnel File of Jerry S. Von Rohr

			
	            FROM:	 	Reliance Bancshares, Inc. Compensation Committee

			
	            DATE:	 	December 14, 2005

			
	            SUBJECT:	 	JERRY S. VON ROHR’S COMPENSATION PACKAGE

            The Compensation Committee of Reliance Bancshares, Inc. has agreed to the following:

	 	1.	 	Mr. Von Rohr is to receive $ 150,000 cash bonus for 2005. He will not
receive
any stock options this year.
	 
	 	2.	 	His base compensation for the next three years shall be as follows:

2006  — $250,000.00

2007  — $275,000.00

2008  — $300,000.00

	 	3.	 	For the years 2006 through 2008, he will receive a minimum of 5,000
stock
options and a maximum of 30,000 stock options per year. The compensation
committee may elect to give him cash bonuses in lieu of stock options.

	 	 	 	 	 
	 

	 	/s/ Gary R. Parker	 	 
	 

	 	 

Gary R. Parker
	 	 
	 

	 	Chairman of the Compensation Committee	 	 
	 

	 	Reliance Bancshares, Inc.	 	 

What You Need From Bank..exv10w21

 

Exhibit 10.21

RELIANCE BANCSHARES, INC

2005 EMPLOYEE STOCK PURCHASE PLAN

(As Amended Effective January 1, 2007)

1. ESTABLISHMENT, PURPOSE AND TERM OF PLAN.

     1.1 Establishment. Reliance Bancshares, Inc., a Missouri corporation, hereby establishes the
Reliance Bancshares, Inc. 2005 Employee Stock Purchase Plan (the “Plan”) effective as of January
19, 2005 (the “Effective Date”), with Amendments effective January 1, 2007.

     1.2 Purpose. The purpose of the Plan is to advance the interests of the Company and its
stockholders by providing an incentive to attract, retain and reward Eligible Employees of the
Participating Company Group and by motivating such persons to contribute to the growth and
profitability of the Participating Company Group. The Plan provides such Eligible Employees with an
opportunity to acquire a proprietary interest in the Company through the purchase of Stock. The
Company intends that the Plan qualify as an “employee stock purchase plan” under Section 423 of the
Code (including any amendments or replacements of such section), and the Plan shall be so
construed.

     1.3 Term of Plan. The Plan shall continue in effect until the earlier of its termination by
the Board, the date on which all of the shares of Stock available for issuance under the Plan have
been issued, or the date ten (10) years after the Effective Date.

2. DEFINITIONS AND CONSTRUCTION.

     2.1 Definitions. Any term not expressly defined in the Plan but defined for purposes of
Section 423 of the Code shall have the same definition herein. Whenever used herein, the following
terms shall have their respective meanings set forth below:

     (a) “Board” means the Board of Directors of the Company. If one or more Committees
have been appointed by the Board to administer the Plan, “Board” also means such
Committee(s).

     (b) “Code” means the Internal Revenue Code of 1986, as amended, and any applicable
regulations promulgated thereunder.

     (c) “Committee” means a committee of the Board duly appointed to administer the Plan
and having such powers as specified by the Board. Unless the powers of the Committee have
been specifically limited, the Committee shall have all of the powers of the Board granted
herein, including, without limitation, the power to amend or terminate the Plan at any
time, subject to the terms of the Plan and any applicable limitations imposed by law.
Membership is limited to directors who are not eligible to participate in the Plan.

     (d) “Company” means Reliance Bancshares, Inc., a Missouri corporation, or any
successor corporation thereto.

     (e) “Compensation” means, with respect to any Offering Period, base wages or salary,
overtime, bonuses, commissions, shift differentials, payments for paid time off, payments
in lieu of notice, and compensation deferred under any program or plan, including, without
limitation, pursuant to Section 401(k) of the Code. Compensation shall be limited to
amounts actually payable in cash or deferred during the Offering Period. Compensation shall
not include moving allowances, payments pursuant to a severance agreement, termination pay,
relocation payments, sign-on bonuses, any amounts directly or indirectly paid pursuant to
the Plan or any other stock purchase or stock option plan, or any other compensation not
included above.

     (f) “Eligible Employee” means an Employee who meets the requirements set forth in
Section 5 for eligibility to participate in the Plan.

     (g) “Employee” means a person treated as an employee of a Participating Company for
purposes of Section 423 of the Code. A Participant shall be deemed to have ceased to be an

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Employee either upon an actual termination of employment or upon the corporation
employing the Participant ceasing to be a Participating Company. For purposes of the Plan,
an individual shall not be deemed to have ceased to be an Employee while on any military
leave, sick leave, or other bona fide leave of absence approved by the Company of ninety
(90) days or less. If an individual’s leave of absence exceeds ninety (90) days, the
individual shall be deemed to have ceased to be an Employee on the ninety-first (91st) day
of such leave unless the individual’s right to reemployment with the Participating Company
Group is guaranteed either by statute or by contract.

     (h) “Fair Market Value” means, as of any date:

     (i) If the Stock is then listed on a national or regional securities
exchange or market system or is regularly quoted by a recognized securities dealer,
the closing sale price of a share of Stock (or the mean of the closing bid and
asked prices if the Stock is so quoted instead) as quoted on the Nasdaq National
Market, the Nasdaq SmallCap Market or such other national or regional securities
exchange or market system constituting the primary market for the Stock, or by such
recognized securities dealer, as reported in The Wall Street Journal or such other
source as the Company deems reliable. If the relevant date does not fall on a day
on which the Stock has traded on such securities exchange or market system or has
been quoted by such securities dealer, the date on which the Fair Market Value is
established shall be the last day on which the Stock was so traded or quoted prior
to the relevant date, or such other appropriate day as determined by the Board, in
its discretion.

     (ii) If, on the relevant date, the Stock is not then listed on a national or
regional securities exchange or market system or regularly quoted by a recognized
securities dealer, the Fair Market Value of a share of Stock shall be as determined
in good faith by the Board, by applying the standard or formula used by the Board
in determining the sale price of its Class A Common Stock, $0.25 par value, for any
three (3) month Offering Period.

     (i) “Initial Offering Period Cash Exercise Notice” means a written notice in such
form as specified by the Company, which states a Participant’s election to exercise, as of
the next Purchase Date, a Purchase Right granted to such Participant with respect to the
Initial Offering Period.

     (j) “Offering” means an offering of Stock as provided in Section 6.

     (k) “Offering Date” means, for any Offering, the first day of the Offering Period.

     (l) “Offering Period” means a period established in accordance with Section 6.

     (m) “Parent Corporation” means any present or future “parent corporation” of the
Company, as defined in Section 424(e) of the Code.

     (n) “Participant” means an Eligible Employee who has become a participant in an
Offering Period in accordance with Section 7 and remains a participant in accordance with
the Plan.

     (o) “Participating Company” means the Company or any Parent Corporation or
Subsidiary Corporation designated by the Board as a corporation the Employees of which may,
if Eligible Employees, participate in the Plan. The Board shall have the sole and absolute
discretion to determine from time to time which Parent Corporations or Subsidiary
Corporations shall be Participating Companies. On the Effective Date of the Amendment,
Participating Companies include Reliance Bancshares, Inc., Reliance Bank and Reliance Bank,
FSB.

     (p) “Participating Company Group” means, at any point in time, the Company and all
other corporations collectively which are then Participating Companies.

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     (q) “Purchase Date” means, for any Offering Period, the last day of such period.

     (r) “Purchase Price” means the price at which a share of Stock may be purchased
under the Plan, as determined in accordance with Section 9.

     (s) “Purchase Right” means an option granted to a Participant pursuant to the Plan
to purchase such shares of Stock as provided in Section 8, which the Participant may or may
not exercise during the Offering Period in which such option is outstanding. Such option
arises from the right of a Participant to withdraw any accumulated payroll deductions of
the Participant not previously applied to the purchase of Stock under the Plan and to
terminate participation in the Plan at any time during an Offering Period.

     (t) “Stock” means the Class A Common Stock, $0.25 par value, of the Company, as
adjusted from time to time in accordance with Section 4.2.

     (u) “Subscription Agreement” means a written agreement in such form as specified by
the Company, stating an Employee’s election to participate in the Plan and authorizing
payroll deductions under the Plan from the Employee’s Compensation.

     (v) “Subscription Date” means the last business day prior to the Offering Date of an
Offering Period or such earlier date as the Company shall establish.

     (w) “Subsidiary Corporation” means any present or future “subsidiary corporation” of
the Company, as defined in Section 424(f) of the Code.

     2.2 Construction. Captions and titles contained herein are for convenience only and shall
not affect the meaning or interpretation of any provision of the Plan. Except when otherwise
indicated by the context, the singular shall include the plural and the plural shall include the
singular. Use of the term “or” is not intended to be exclusive, unless the context clearly requires
otherwise.

3. ADMINISTRATION.

     3.1 Administration by the Board. The Plan shall be administered by the Board. All questions
of interpretation of the Plan, of any form of agreement or other document employed by the Company
in the administration of the Plan, or of any Purchase Right shall be determined by the Board, and
such determinations shall be final, binding and conclusive upon all persons having an interest in
the Plan or the Purchase Right, unless fraudulent or made in bad faith. Subject to the provisions
of the Plan, the Board shall determine all of the relevant terms and conditions of Purchase Rights;
provided, however, that all Participants granted Purchase Rights pursuant to an Offering shall have
the same rights and privileges within the meaning of Section 423(b)(5) of the Code. Any and all
actions, decisions and determinations taken or made by the Board in the exercise of its discretion
pursuant to the Plan or any agreement thereunder (other than determining questions of
interpretation pursuant to the second sentence of this Section 3.1) shall be final, binding and
conclusive upon all persons having an interest therein. All expenses incurred in connection with
the administration of the Plan shall be paid by the Company.

     3.2 Authority of Officers. Any officer of the Company shall have the authority to act on
behalf of the Company with respect to any matter, right, obligation, determination or election that
is the responsibility of or that is allocated to the Company herein, provided that the officer has
apparent authority with respect to such matter, right, obligation, determination or election.

     3.3 Policies and Procedures Established by the Company. The Company may, from time to time,
consistent with the Plan and the requirements of Section 423 of the Code, establish, change or
terminate such rules, guidelines, policies, procedures, limitations, or adjustments as deemed
advisable by the Company, in its discretion, for the proper administration of the Plan, including,
without limitation, (a) a minimum payroll deduction amount required for participation in an
Offering, (b) a limitation on the frequency or number of changes permitted in the rate of payroll
deduction during an Offering, (c) an exchange ratio applicable to amounts withheld in a currency
other than United States dollars, (d) a payroll

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deduction greater than or less than the amount designated by a Participant in order to adjust
for the Company’s delay or mistake in processing a Subscription Agreement or in otherwise effecting
a Participant’s election under the Plan or as advisable to comply with the requirements of Section
423 of the Code, and (e) determination of the date and manner by which the Fair Market Value of a
share of Stock is determined for purposes of administration of the Plan. All such actions by the
Company shall be taken consistent with the requirement under Section 423(b)(5) of the Code that all
Participants granted Purchase Rights pursuant to an Offering shall have the same rights and
privileges within the meaning of such section.

     3.4 Indemnification. In addition to such other rights of indemnification as they may have as
members of the Board or officers or employees of the Participating Company Group, members of the
Board and any officers or employees of the Participating Company Group to whom authority to act for
the Board or the Company is delegated shall be indemnified by the Company against all reasonable
expenses, including attorneys’ fees, actually and necessarily incurred in connection with the
defense of any action, suit or proceeding, or in connection with any appeal therein, to which they
or any of them may be a party by reason of any action taken or failure to act under or in
connection with the Plan, or any right granted hereunder, and against all amounts paid by them in
settlement thereof (provided such settlement is approved by independent legal counsel selected by
the Company) or paid by them in satisfaction of a judgment in any such action, suit or proceeding,
except in relation to matters as to which it shall be adjudged in such action, suit or proceeding
that such person is liable for gross negligence, bad faith or intentional misconduct in duties;
provided, however, that within sixty (60) days after the institution of such action, suit or
proceeding, such person shall offer to the Company, in writing, the opportunity at its own expense
to handle and defend the same.

4. SHARES SUBJECT TO PLAN.

     4.1 Maximum Number of Shares Issuable. Subject to adjustment or conversion, as provided in
Sections 4.2, and 4.3, the maximum aggregate number of shares of Stock that may be issued under the
Plan shall be 150,000 shares of Stock or such lesser number of shares determined by the Board, from
time to time, and shall consist of authorized but unissued or reacquired shares of Stock, or any
combination thereof. If an outstanding Purchase Right for any reason expires or is terminated or
canceled, the shares of Stock allocable to the unexercised portion of that Purchase Right shall
again be available for issuance under the Plan.

     4.2 Adjustments for Changes in Capital Structure. In the event of any stock dividend, stock
split, reverse stock split, recapitalization, combination, reclassification or similar change in
the capital structure of the Company, or in the event of any merger (including a merger effected
for the purpose of changing the Company’s domicile), sale of assets or other reorganization in
which the Company is a party, appropriate adjustments shall be made in the number and class of
shares subject to the Plan, the Annual Increase, the limit on the shares which may be purchased by
any Participant during an Offering (as described in Section 8.1) and each Purchase Right, and in
the Purchase Price. If a majority of the shares of the same class as the shares subject to
outstanding Purchase Rights are exchanged for, converted into, or otherwise become (whether or not
pursuant to an Ownership Change Event) shares of another corporation (the "New Shares"), the Board
may unilaterally amend the outstanding Purchase Rights to provide that such Purchase Rights are
exercisable for New Shares. In the event of any such amendment, the number of shares subject to,
and the Purchase Price of, the outstanding Purchase Rights shall be adjusted in a fair and
equitable manner, as determined by the Board, in its discretion. Notwithstanding the foregoing, any
fractional share resulting from an adjustment pursuant to this Section 4.2 shall be rounded down to
the nearest whole number, and in no event may the Purchase Price be decreased to an amount less
than the par value, if any, of the stock subject to the Purchase Right. The adjustments determined
by the Board pursuant to this Section 4.2 shall be final, binding and conclusive.

     4.3 Conversion of Plan. At any time after January 19, 2006, effective on any Offering Date,
after 30 days notice in writing to all Participants, the Board may convert the Plan into one which
provides for the purchase of its Class A Common stock, and, thereafter, all provisions hereof shall
cover and apply to the Company’s Class A Common stock. In such event, the maximum aggregate number
of shares of Class A Common stock that my be issued under the Plan shall be 150,000 shares of Class
A Common stock

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less the number of shares of Series E Convertible Preferred Stock previously issued under this
Plan, or such lesser number of shares as determined by the Board.

5. ELIGIBILITY.

	5.1	 	Employees Eligible to Participate. Each Employee of a Participating Company
is eligible to
participate in the Plan and shall be deemed an Eligible Employee, except the following:

     (a) Any Employee who has been employed by the Participating Company Group for less than nine
(9) months;

     (b) Any Employee who is customarily employed by the Participating Company Group for less
than twenty (20) hours per week; or

     (c) Any Employee who is customarily employed by the Participating Company Group for not more
than five (5) months in any calendar year.

     5.2 Exclusion of Certain Stockholders. Notwithstanding any provision of the Plan to the
contrary, no Employee shall be treated as an Eligible Employee and granted a Purchase Right under
the Plan if, immediately after such grant, the Employee would own or hold options to purchase stock
of the Company or of any Parent Corporation or Subsidiary Corporation possessing five percent (5%)
or more of the total combined voting power or value of all classes of stock of such corporation, as
determined in accordance with Section 423(b)(3) of the Code. For purposes of this Section 5.2, the
attribution rules of Section 424(d) of the Code shall apply in determining the stock ownership of
such Employee.

     5.3 Determination by Company. The Company shall determine in good faith and in the exercise
of its discretion whether an individual has become or has ceased to be an Employee or an Eligible
Employee and the effective date of such individual’s attainment or termination of such status, as
the case may be. For purposes of an individual’s participation in or other rights, if any, under
the Plan as of the time of the Company’s determination, all such determinations by the Company
shall be final, binding and conclusive, notwithstanding that the Company or any court of law or
governmental agency subsequently makes a contrary determination.

6. OFFERINGS.

     The Plan shall be implemented on and after the Effective Date by sequential Offerings of
approximately three (3) months duration or such other duration as the Board shall determine (an
“Offering Period”); provided, however, that the first Offering Period (the “Initial Offering
Period”) shall commence on or after the Effective Date and end on March 31, 2005. Subsequent
Offering Periods shall commence on or about January 1, April 1, July 1, and October 1 of each year
and end on or about March 31, June 30, September 30 and December 31, respectively, occurring
thereafter. Notwithstanding the foregoing, the Board may establish a different duration for one or
more Offering Periods or different commencing or ending dates for such Offering Periods; provided,
however, that no Offering Period may have a duration exceeding twenty-seven (27) months. If the
first or last day of an Offering Period is not a day on which the national securities exchanges or
Nasdaq Stock Market are open for trading, the Company shall specify the trading day that will be
deemed the first or last day, as the case may be, of the Offering Period.

7. PARTICIPATION IN THE PLAN.

     7.1 Initial Participation. An Eligible Employee may become a Participant in an Offering
Period by delivering a properly completed Subscription Agreement to the office designated by the
Company not later than the close of business for such office on the Subscription Date established
by the Company for that Offering Period. An Eligible Employee who does not deliver a properly
completed Subscription Agreement to the Company’s designated office on or before the Subscription
Date for an Offering Period shall not participate in the Plan for that Offering Period or for any
subsequent Offering Period unless the Eligible Employee subsequently delivers a properly completed
Subscription Agreement to the appropriate office of the Company on or before the Subscription Date
for such subsequent Offering Period. An Employee who becomes an Eligible Employee after the
Offering Date of an Offering Period shall not be eligible to participate in that Offering Period
but may participate in any subsequent Offering Period provided the Employee is still an Eligible
Employee as of the Offering Date of such subsequent Offering Period.

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     7.2 Continued Participation. A Participant shall automatically participate in the next
Offering Period commencing immediately after the Purchase Date of each Offering Period in which the
Participant participates provided that the Participant remains an Eligible Employee on the Offering
Date of the new Offering Period and has not either (a) withdrawn from the Plan pursuant to Section
12.1 or (b) terminated employment as provided in Section 13. A Participant who may automatically
participate in a subsequent Offering Period, as provided in this Section, is not required to
deliver any additional Subscription Agreement for the subsequent Offering Period in order to
continue participation in the Plan. However, a Participant may deliver a new Subscription Agreement
for a subsequent Offering Period in accordance with the procedures set forth in Section 7.1 if the
Participant desires to change any of the elections contained in the Participant’s then effective
Subscription Agreement.

8. RIGHT TO PURCHASE SHARES.

     8.1 Grant of Purchase Right. On the Purchase Date of each Offering Period, each Participant
in such Offering Period shall be granted automatically, a Purchase Right consisting of an option to
purchase the lesser of (a) that number of whole shares of Stock determined by dividing the
Participant’s contributions accumulated prior to such Purchase Date and retained in the
Participant’s account as of the Purchase Date by the applicable Purchase Price, or (b) that number
of whole shares of Stock determined by dividing Six Thousand Two Hundred Fifty Dollars ($6,250) by
the Purchase Price, or (c) five hundred (500) shares of Stock (or such lesser number after
adjustment to reflect any stock split which may be completed by the Company). No Purchase Right
shall be granted on a Purchase Date to any person who is not, on such Offering Date, an Eligible
Employee.

     8.2 Calendar Year Purchase Limitation. Notwithstanding any provision of the Plan to the
contrary, no Participant shall be granted a Purchase Right which permits his or her right to
purchase shares of Stock under the Plan to accrue at a rate which, when aggregated with such
Participant’s rights to purchase shares under all other employee stock purchase plans of a
Participating Company intended to meet the requirements of Section 423 of the Code, exceeds
Twenty-Five Thousand Dollars ($25,000) in Fair Market Value (or such other limit, if any, as may be
imposed by the Code) for each calendar year in which such Purchase Right is outstanding at any
time. For purposes of the preceding sentence, the Fair Market Value of shares purchased during a
given Offering Period shall be determined as of the Purchase Date for such Offering Period. The
limitation described in this Section shall be applied in conformance with applicable regulations
under Section 423(b)(8) of the Code.

9. PURCHASE PRICE.

     The Purchase Price at which each share of Stock may be acquired in an Offering Period upon the
exercise of all or any portion of a Purchase Right shall be established by the Board; provided,
however, that the Purchase Price on each Purchase Date shall not be less than eighty-five percent
(85%) of the Fair Market Value of a share of Stock on the Purchase Date.

10. ACCUMULATION OF PURCHASE PRICE THROUGH PAYROLL DEDUCTION.

     Except as provided in Section 11.1(b) with respect to the Initial Offering Period, shares of
Stock acquired pursuant to the exercise of all or any portion of a Purchase Right may be paid for
only by means of payroll deductions from the Participant’s Compensation accumulated during the
Offering Period for which such Purchase Right was granted, subject to the following:

     10.1 Amount of Payroll Deductions. Except as otherwise provided herein, the amount to be
deducted under the Plan from a Participant’s Compensation on each payday during an Offering Period
shall be determined by the Participant’s Subscription Agreement. The Subscription Agreement shall
set forth the percentage of the Participant’s Compensation to be deducted on each payday during an
Offering Period in whole percentages of not less than one percent (1%) (except as a result of an
election pursuant to Section 10.3 to stop payroll deductions effective following the first payday
during an Offering) or more than fifteen percent (15%). The Board may change the foregoing limits
on payroll deductions effective as of any Offering Date.

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     10.2 Commencement of Payroll Deductions. Payroll deductions shall commence on the first
payday following the Offering Date and shall continue to the end of the Offering Period unless
sooner altered or terminated as provided herein; provided, however, that with respect to the
Initial Offering Period, payroll deductions shall commence as soon as practicable following the
Company’s receipt of the Participant’s Subscription Agreement (delivered no earlier than the
Registration Date), if any.

     10.3 Election to Change or Stop Payroll Deductions. During an Offering Period, a
Participant may elect to increase or decrease the rate of or to stop deductions from his or her
Compensation by delivering to the Company’s designated office an amended Subscription Agreement
authorizing such change on or before the “Change Notice Date.” The "Change Notice Date” shall be a
date prior to the beginning of the first pay period for which such election is to be effective as
established by the Company from time to time and announced to the Participants. A Participant who
elects, effective following the first payday of an Offering Period, to decrease the rate of his or
her payroll deductions to zero percent (0%) shall nevertheless remain a Participant in the current
Offering Period unless such Participant withdraws from the Plan as provided in Section 12.1.

     10.4 Administrative Suspension of Payroll Deductions. The Company may, in its sole
discretion, suspend a Participant’s payroll deductions under the Plan as the Company deems
advisable to avoid accumulating payroll deductions in excess of the amount that could reasonably be
anticipated to purchase the maximum number of shares of Stock permitted (a) under the Participant’s
Purchase Right or (b) during a calendar year under the limit set forth in Section 8.2. Payroll
deductions shall be resumed at the rate specified in the Participant’s then effective Subscription
Agreement at the beginning of the next Offering Period, unless the Participant has either withdrawn
from the Plan as provided in Section 12.1 or has ceased to be an Eligible Employee.

     10.5 Participant Accounts. Individual bookkeeping accounts shall be maintained for each
Participant. All payroll deductions from a Participant’s Compensation (and other amounts received
from the Participant in the Initial Offering Period) shall be credited to such Participant’s Plan
account and shall be deposited with the general funds of the Company. All such amounts received or
held by the Company may be used by the Company for any corporate purpose.

     10.6 No Interest Paid. Interest shall not be paid on sums deducted from a Participant’s
Compensation pursuant to the Plan or otherwise credited to the Participant’s Plan account.

11. PURCHASE OF SHARES.

     11.1 Exercise of Purchase Right.

     (a) Generally. Except as provided in Section 11.1(b), on each Purchase Date of an
Offering Period, each Participant who has not withdrawn from the Plan and whose
participation in the Offering has not otherwise terminated before such Purchase Date shall
automatically acquire pursuant to the exercise of the Participant’s Purchase Right the
number of whole shares of Stock determined by dividing (a) the total amount of the
Participant’s payroll deductions accumulated in the Participant’s Plan account during the
Offering Period and not previously applied toward the purchase of Stock by (b) the Purchase
Price. However, in no event shall the number of shares purchased by the Participant during
an Offering Period exceed the number of shares subject to the Participant’s Purchase Right.
No shares of Stock shall be purchased on a Purchase Date on behalf of a Participant whose
participation in the Offering or the Plan has terminated before such Purchase Date.

     (b) Purchase in Initial Offering Period. Notwithstanding Section 11.1(a), on the
Purchase Date of the Initial Offering Period, each Participant who has not withdrawn from
the Plan and whose participation in such Offering has not otherwise terminated before such
Purchase Date shall automatically acquire pursuant to the exercise of the Participant’s
Purchase Right (i) a number of whole shares of Stock determined in accordance with Section
11.1(a) to the extent of the total amount of the Participant’s payroll deductions
accumulated in the Participant’s Plan account during the Initial Offering Period, if any,
and not previously applied toward the purchase

7

 

of Stock and (ii) such additional shares of Stock (not exceeding in the aggregate the
Participant’s Purchase Right) as determined in accordance with an Initial Offering Period
Cash Exercise Notice delivered to the office designated by the Company no earlier than the
Initial Offering Date and not later than the close of business for such office on the
business day immediately preceding the Purchase Date or such earlier date as the Company
shall establish, accompanied by payment in cash or by check of the Purchase Price for such
additional shares. However, in no event shall the number of shares purchased by a
Participant during the Initial Offering Period exceed the number of shares subject to the
Participant’s Purchase Right. In addition, if a Participant delivers a Subscription
Agreement to the Company after the Initial Offering Date, the Participant may not elect to
exercise a Purchase Right pursuant to an Initial Offering Period Cash Exercise Notice in an
amount which exceeds fifteen percent (15%) of the Compensation paid such Participant prior
to the effectiveness of such initial Subscription Agreement. The Company shall refund to
the Participant in accordance with Section 11.4 any excess Purchase Price payment received
from the Participant.

     11.2 Pro Rata Allocation of Shares. If the number of shares of Stock which might be
purchased by all Participants in the Plan on a Purchase Date exceeds the number of shares of Stock
available in the Plan as provided in Section 4.1, the Company shall make a pro rata allocation of
the remaining shares in as uniform a manner as practicable and as the Company determines to be
equitable. Any fractional share resulting from such pro rata allocation to any Participant shall be
disregarded.

     11.3 Account for Shares. The Company will create and maintain a share account for each
Participant and as soon as practicable after each Purchase Date the Company will credit the shares
purchased by the Participant to his or her share account. The Company, at its discretion, may
deliver certificates for the shares held in share accounts but will not be required to issue
certificates until such time as the employment of the Participant by the Participating Company
Group shall terminate. Shares held in a share account or to be delivered in certificated form to a
Participant under the Plan shall be registered in the name of the Participant, or, if requested by
the Participant, in the name of his or her spouse, or if applicable in the names of the heirs or
beneficiaries of the Participant.

     11.4 Return of Cash Balance. Any cash balance remaining in a Participant’s Plan account
following any Purchase Date shall be refunded to the Participant as soon as practicable after such
Purchase Date. However, if the cash balance to be returned to a Participant pursuant to the
preceding sentence is less than the amount that would have been necessary to purchase an additional
whole share of Stock on such Purchase Date, the Company may retain the cash balance in the
Participant’s Plan account to be applied toward the purchase of shares of Stock in the subsequent
Offering Period, as the case may be.

     11.5 Tax Withholding. At the time a Participant’s Purchase Right is exercised, in whole or
in part, or at the time a Participant disposes of some or all of the shares of Stock he or she
acquires under the Plan, the Participant shall make adequate provision for the federal, state,
local and foreign tax withholding obligations, if any, of the Participating Company Group which
arise upon exercise of the Purchase Right or upon such disposition of shares, respectively. The
Participating Company Group may, but shall not be obligated to, withhold from the Participant’s
compensation the amount necessary to meet such withholding obligations.

     11.6 Expiration of Purchase Right. Any portion of a Participant’s Purchase Right remaining
unexercised after the end of the Offering Period to which the Purchase Right relates shall expire
immediately upon the end of the Offering Period.

     11.7 Provision of Reports and Stockholder Information to Participants. Each Participant
who has exercised all or part of his or her Purchase Right shall receive, as soon as practicable
after the Purchase Date, a report of such Participant’s Plan account setting forth the total amount
credited to his or her Plan account prior to such exercise, the number of shares of Stock
purchased, the Purchase Price for such shares, the date of purchase and the cash balance, if any,
remaining immediately after such purchase that is to be refunded or retained in the Participant’s
Plan account pursuant to Section 11.4. The report will also show the number of uncertificated
shares credited to the share account of the Participant. The report required by this Section may
be delivered in such form and by such means, including by electronic transmission, as the Company
may determine. In addition, each Participant shall be provided information

8

 

concerning the Company equivalent to that information provided generally to the Company’s
common stockholders.

12. WITHDRAWAL FROM PLAN OR OFFERING.

     12.1 Voluntary Withdrawal from the Plan. A Participant may withdraw from the Plan by
signing and delivering to the Company’s designated office a written notice of withdrawal on a form
provided by the Company for this purpose. Such withdrawal may be elected at any time prior to the
end of an Offering Period; provided, however, that if a Participant withdraws from the Plan after a
Purchase Date, the withdrawal shall not affect shares of Stock acquired by the Participant on such
Purchase Date. A Participant who voluntarily withdraws from the Plan is prohibited from resuming
participation in the Plan in the same Offering from which he or she withdrew, but may participate
in any subsequent Offering by again satisfying the requirements of Sections 5 and 7.1. The Company
may impose, from time to time, a requirement that the notice of withdrawal from the Plan be on file
with the Company’s designated office for a reasonable period prior to the effectiveness of the
Participant’s withdrawal.

Return of Payroll Deductions. Upon a Participant’s voluntary withdrawal from the Plan
pursuant to Section 12.1, the Participant’s accumulated Plan account balance which has not
been applied toward the purchase of shares of Stock shall be refunded to the Participant as
soon as practicable after the withdrawal, without the payment of any interest, and the
Participant’s interest in the Plan or the Offering, as applicable, shall terminate. Such
amounts to be refunded in accordance with this Section may not be applied to any other
Offering under the Plan.

13. TERMINATION OF EMPLOYMENT OR ELIGIBILITY.

     13.1 Effect of Termination. Upon a Participant’s ceasing, prior to a Purchase Date, to be an
Employee of the Participating Company Group for any reason, including retirement, disability or
death, or upon the failure of a Participant to remain an Eligible Employee, the Participant’s
participation in the Plan shall terminate immediately. In such event, the Participant’s Plan
account balance which has not been applied toward the purchase of shares shall, as soon as
practicable, be returned to the Participant or, in the case of the Participant’s death, to the
Participant’s beneficiary designated in accordance with Section 20, if any, or legal
representative, and all of the Participant’s rights under the Plan shall terminate. Interest shall
not be paid on sums returned pursuant to this Section 13. A Participant whose participation has
been so terminated may again become eligible to participate in the Plan by satisfying the
requirements of Sections 5 and 7.1.

     13.2 Option to Purchase. In the event a Participant shall cease to be an Employee of the
Participating Company Group for any reason, including retirement, disability or death, the Company
shall have the option to purchase all of the Participants Stock at the then current Purchase Price
being paid by Participant’s for Stock under the Plan. If the Company shall exercise this option,
upon payment to the Participant or the Participant’s heirs or beneficiaries in case of death, all
rights as a stockholder of the Company shall immediately terminate.

14. CHANGE IN CONTROL.

     14.1 Definitions.

(a) An “Ownership Change Event” shall be deemed to have occurred if any of
following occurs with respect to the Company: (i) the direct or indirect
sale or exchange in a single or series of related transactions by the stockholders of the
Company of more than fifty percent (50%) of the voting stock of the Company; (ii) a merger
or consolidation in which the Company is a party; (iii) the sale, exchange, or transfer of
all or substantially all of the assets of the Company; or (iv) a liquidation or dissolution
of the Company.

9

 

     (b) A “Change in Control” shall mean an Ownership Change Event or a series of
related Ownership Change Events (collectively, the “Transaction”) wherein the stockholders
of the Company immediately before the Transaction do not retain immediately after the
Transaction, in substantially the same proportions as their ownership of shares of the
Company’s voting stock immediately before the Transaction, direct or indirect beneficial
ownership of more than fifty percent (50%) of the total combined voting power of the
outstanding voting securities of the Company or, in the case of a Transaction described in
Section 14.1(a)(iii), the corporation or other business entity to which the assets of the
Company were transferred (the “Transferee”), as the case may be. For purposes of the
preceding sentence, indirect beneficial ownership shall include, without limitation, an
interest resulting from ownership of the voting securities of one or more corporations or
other business entities which own the Company or the Transferee, as the case may be, either
directly or through one or more subsidiary corporations or other business entities. The
Board shall have the right to determine whether multiple sales or exchanges of the voting
securities of the Company or multiple Ownership Change Events are related, and its
determination shall be final, binding and conclusive.

     14.2 Effect of Change in Control on Purchase Rights. In the event of a Change in Control,
the surviving, continuing, successor, or purchasing corporation or other business entity or parent
thereof, as the case may be (the “Acquiring Corporation”), may, without the consent of any
Participant, assume the Company’s rights and obligations under the Plan. If the Acquiring
Corporation elects not to assume the Company’s rights and obligations under the Plan, the Purchase
Date of the then current Offering Period shall be accelerated to a date before the date of the
Change in Control specified by the Board, but the number of shares of Stock subject to outstanding
Purchase Rights shall not be adjusted. All Purchase Rights which are neither assumed by the
Acquiring Corporation in connection with the Change in Control nor exercised as of the date of the
Change in Control shall terminate and cease to be outstanding effective as of the date of the
Change in Control.

15. NONTRANSFERABILITY OF PURCHASE RIGHTS.

     Neither payroll deductions or other amounts credited to a Participant’s Plan account nor a
Participant’s Purchase Right may be assigned, transferred, pledged or otherwise disposed of in any
manner other than as provided by the Plan or by will or the laws of descent and distribution. (A
beneficiary designation pursuant to Section 20 shall not be treated as a disposition for this
purpose.) Any such attempted assignment, transfer, pledge or other disposition shall be without
effect, except that the Company may treat such act as an election to withdraw from the Plan as
provided in Section 12.1. A Purchase Right shall be exercisable during the lifetime of the
Participant only by the Participant.

16. COMPLIANCE WITH SECURITIES LAW.

     The issuance of shares under the Plan shall be subject to compliance with all applicable
requirements of federal, state and foreign law with respect to such securities. A Purchase Right
may not be exercised if the issuance of shares upon such exercise would constitute a violation of
any applicable federal, state or foreign securities laws or other law or regulations or the
requirements of any securities exchange or market system upon which the Stock may then be listed.
In addition, no Purchase Right may be exercised unless (a) a registration statement under the
Securities Act of 1933, as amended, shall at the time of exercise of the Purchase Right be in
effect with respect to the shares issuable upon exercise of the Purchase Right, or (b) in the
opinion of legal counsel to the Company, the shares issuable upon exercise of the Purchase Right
may be issued in accordance with the terms of an applicable exemption from the registration
requirements of said Act. The inability of the Company to obtain from any regulatory body having
jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the
lawful issuance and sale of any shares under the Plan shall relieve the Company of any liability in
respect of the failure to issue or sell such shares as to which such requisite authority shall not
have been obtained. As a condition to the exercise of a Purchase Right, the Company may require the
Participant to satisfy any qualifications that may be necessary or appropriate, to evidence
compliance with any applicable law or regulation, and to make any representation or warranty with
respect thereto as may be requested by the Company.

     17. RIGHTS AS A STOCKHOLDER AND EMPLOYEE.

10

 

     A Participant shall have no rights as a stockholder by virtue of the Participant’s
participation in the Plan until the date of the purchase of shares pursuant to the exercise of the
Participant’s Purchase Right (as evidenced by the credit of shares to the Participant’s share
account or issuance of a certificate for said shares). No adjustment shall be made for dividends,
distributions or other rights for which the record date is prior to the date such shares are issued
as aforesaid, except as provided in Section 4.2. Nothing herein shall confer upon a Participant any
right to continue in the employ of the Participating Company Group or interfere in any way with any
right of the Participating Company Group to terminate the Participant’s employment at any time.

18. LEGENDS.

     The Company may at any time place legends or other identifying symbols referencing any
applicable federal, state or foreign securities law restrictions or any provision convenient in the
administration of the Plan on some or all of the certificates representing shares of Stock issued
under the Plan or provide appropriate notices with respect to uncertificated shares held in the
Participant’s share account. The Participant shall, at the request of the Company, promptly present
to the Company any and all certificates representing shares acquired pursuant to a Purchase Right
in the possession of the Participant in order to carry out the provisions of this Section. Unless
otherwise specified by the Company, legends placed on such certificates or noted with respect to
uncertificated shares held in Participant’s share account, may include but shall not be limited to
the following:

     “THE SHARES EVIDENCED BY THIS CERTIFICATE WERE ISSUED BY THE CORPORATION TO THE REGISTERED
HOLDER UPON THE PURCHASE OF SHARES UNDER AN EMPLOYEE STOCK PURCHASE PLAN AS DEFINED IN SECTION 423
OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE TRANSFER AGENT FOR THE SHARES EVIDENCED
HEREBY SHALL NOTIFY THE CORPORATION IMMEDIATELY OF ANY TRANSFER OF THE SHARES BY THE REGISTERED
HOLDER HEREOF. THE REGISTERED HOLDER SHALL HOLD ALL SHARES PURCHASED UNDER THE PLAN IN THE
REGISTERED HOLDER’S NAME (AND NOT IN THE NAME OF ANY NOMINEE).”

19. NOTIFICATION OF DISPOSITION OF SHARES.

     The Company may require the Participant to give the Company prompt notice of any disposition
of shares acquired by exercise of a Purchase Right. The Company may require that until such time as
a Participant disposes of shares acquired upon exercise of a Purchase Right, the Participant shall
hold all such shares in the Participant’s name (or, if elected by the Participant, in the name of
the Participant and his or her spouse but not in the name of any nominee) until the later of two
years after the date of grant of such Purchase Right or one year after the date of exercise of such
Purchase Right. The Company may direct that the certificates evidencing shares acquired by exercise
of a Purchase Right refer to such requirement to give prompt notice of disposition.

20. DESIGNATION OF BENEFICIARY.

     20.1 Designation Procedure. A Participant may file a written designation of a beneficiary
who is to receive (a) shares and/or cash, if any, from the Participant’s share account if the
Participant dies subsequent to a Purchase Date but prior to delivery to the Participant of such
shares in certificated form or (b) cash, if any, from the Participant’s Plan account if the
Participant dies prior to the exercise of the Participant’s Purchase Right. If a married
Participant designates a beneficiary other than the Participant’s spouse, the effectiveness of such
designation shall be subject to the consent of the Participant’s spouse. A Participant may change
his or her beneficiary designation at any time by written notice to the Company.

     20.2 Absence of Beneficiary Designation. If a Participant dies without an effective
designation pursuant to Section 20.1 of a beneficiary who is living at the time of the
Participant’s death, the Company shall deliver any shares or cash credited to the Participant’s
Plan account to the Participant’s legal representative.

21. NOTICES.

11

 

     All notices or other communications by a Participant to the Company under or in connection
with the Plan shall be deemed to have been duly given when received in the form specified by the
Company at the location, or by the person, designated by the Company for the receipt thereof.

12

 

22. AMENDMENT OR TERMINATION OF THE PLAN.

     The Board may at any time amend or terminate the Plan, except that (a) no such amendment or
termination shall affect Purchase Rights previously granted under the Plan unless expressly
provided by the Board and (b) no such amendment or termination may adversely affect a Purchase
Right previously granted under the Plan without the consent of the Participant, except to the
extent permitted by the Plan or as may be necessary to qualify the Plan as an employee stock
purchase plan pursuant to Section 423 of the Code or to comply with any applicable law, regulation
or rule. In addition, an amendment to the Plan must be approved by the stockholders of the Company
within twelve (12) months of the adoption of such amendment if such amendment would authorize the
sale of more shares than are then authorized for issuance under the Plan or would change the
definition of the corporations that may be designated by the Board as Participating Companies.

     Plan adopted by Board of Directors of Company on January 19, 2005.

     Plan approved by Shareholders of Company on May 3, 2005.

     Plan amended by Board of Directors of Company, effective January 1, 2007.

RELIANCE BANCSHARES, INC.

2005 EMPLOYEE STOCK PURCHASE PLAN

SUBSCRIPTION AGREEMENT

	 	 	 
	NAME (Please print):
	 	 
	 

	 	 

13

 

	 	 	 	 	 	 	 
	 

	 	(Last)
	 	(First)
	 	(Middle)

	 	 	 	 	 
	o

	 	Original application for the Offering Period beginning (date):	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	o

	 	Stop payroll deductions effective with the pay period ending (date):	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	o

	 	Change of beneficiary.	 	 

I. SUBSCRIPTION

     I elect to participate in the 2005 Employee Stock Purchase Plan, as Amended (the “Plan”) of
Reliance Bancshares, Inc. (the “Company”) and to subscribe to purchase shares of the Company’s
Class A Common Stock, $0.25 par value, in accordance with this Subscription Agreement and the Plan.

     I authorize payroll deductions of                      percent (in whole percentages not less than 1%,
unless an election to stop deductions is being made, or more than 15%) of my “Compensation” on each
payday throughout the “Offering Period” in accordance with the Plan. I understand that these
payroll deductions will be accumulated for the purchase of shares of Common Stock at the applicable
purchase price determined in accordance with the Plan. Except as otherwise provided by the Plan, I
will automatically purchase shares on each “Purchase Date” unless I withdraw from the Plan by
giving written notice on a form provided by the Company or unless my eligibility or employment
terminates.

     I understand that I will automatically participate in each subsequent Offering that commences
immediately after the last day of an Offering in which I am participating until I withdraw from the
Plan by giving written notice on a form provided by the Company or my eligibility or employment
terminates.

     Shares I purchase under the Plan should be held in my share account and issued in the name(s)
set forth below. (Shares may be held and issued in the participant’s name alone or together with
the participant’s spouse in joint tenancy.)

	 	 	 	 	 
	 

	 	NAME(S) (please print):	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	ADDRESS:	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	MY SOCIAL SECURITY	 	 
	 

	 	NUMBER:	 	 
	 

	 	 	 	 

     I agree to make adequate provision for the federal, state, local and foreign tax withholding
obligations, if any, which arise upon my purchase of shares under the Plan and/or my disposition of
shares. The Company may withhold from my compensation the amount necessary to meet such withholding
obligations.

     I agree that, unless otherwise permitted by the Company, until I dispose of shares I purchase
under the Plan, I will hold such shares in the name(s) entered above (and not in the name of any
nominee) until the later of (i) two years after the first day of the Offering Period in which I
purchased the shares and (ii) one year after the Purchase Date on which I purchased the shares.
This restriction only applies to the name(s) in which shares are held and does not affect my
ability to dispose of Plan shares, except for applicable securities laws.

     I agree that I will notify the Chief Financial Officer of the Company in writing within 30
days after any sale, gift, transfer or other disposition of any kind prior to the end of the
periods referred to in the preceding paragraph (a “Disqualifying Disposition”) of any shares I
purchased under the Plan. If I do not respond

14

 

within 30 days of the date of a Disqualifying
Disposition Survey delivered to me by certified mail, the Company is authorized to treat my
nonresponse as my notice to the Company of a Disqualifying Disposition and to compute and report to
the Internal Revenue Service the ordinary income I must recognize upon such Disqualifying
Disposition.

II. BENEFICIARY DESIGNATION

     In the event of my death, I designate the following as my beneficiary to receive all payments
and shares then due me under the Plan:

	 	 	 	 	 	 	 	 	 
	 

	 	BENEFICIARY’S NAME (please print):	 	 	 	 	 	 
	 

	 	 	 	(a)
	 	 	 	(                    %)
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	(b)
	 	 	 	(                    %)
	 

	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	RELATIONSHIP:	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	(a)
	 	 	 	SOC. SEC. NO.:
	 	(a)	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	 	 
	 

	 	 	 	(b)
	 	 	 	 	 	(b)	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	ADDRESS:
	 	(a)	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	(b)	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

     If you are married and your beneficiary is someone other than your spouse, then your spouse
must sign and date this form as indicated below. If you are not married when you designate a
beneficiary and you later become married, or if you later become married to a different person, the
beneficiary designation previously made will be automatically revoked. Payments and shares then due
you upon your death will be delivered to your then spouse unless you have completed a new
beneficiary designation and it is consented one person, show percentage for each.

III. CONSENT OF SPOUSE

     I am the spouse of                                                             . I
consent to the above designation of a beneficiary other than myself to receive payments and shares due my spouse under the Plan.

	 	 	 	 	 
	Date:
	 	 	 	 
	 
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	Signature of Participant’s Spouse

IV. PARTICIPANT DECLARATION

     Any election I have made on this form revokes all prior elections with regard to this form.

     I am familiar with the provisions of the Plan and agree to participate in the Plan subject to
all of its provisions. I understand that the Board of Directors of the Company reserves the right
to terminate the Plan or to amend the Plan and my right to purchase stock under the Plan to the
extent provided by the Plan. I understand that the effectiveness of this Subscription Agreement is
dependent upon my eligibility to participate in the Plan.

	 	 	 	 	 
	Date:
	 	 	 	 
	 
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	Signature of Participant

15

 

RELIANCE BANCSHARES, INC.

2005 EMPLOYEE STOCK PURCHASE PLAN

NOTICE OF WITHDRAWAL

	 	 	 	 	 	 	 
	NAME (Please print):
	 	 	 	 	 	 
	 	 	 
	 

	 	(Last)
	 	(First)
	 	(Middle)

     I elect to withdraw from the Reliance Bancshares, Inc. 2005 Employee Stock Purchase Plan (the
“Plan”) and the Offering which began on                                                              and in which I am participating (the
“Current Offering”).

     I elect to terminate immediately my participation in the Current Offering and the Plan. I
request that the Company cease all further payroll deductions under the Plan (provided I have given
sufficient notice before the next payday). My payroll deductions not previously used to purchase
shares should not be used to purchase shares in the
Current Offering. Instead, I request that all such amounts be paid to me as soon as
practicable. I understand that this election immediately terminates my interest in the Current
Offering and in the Plan.

     I understand that I am terminating my interest in the Plan and that no further payroll
deductions will be made (provided I have given sufficient notice before the next payday), unless I
elect to become a participant in another

16

 

Offering by filing a new Subscription Agreement with the
Company. I understand that I will receive no interest on the amounts paid to me from my Plan
account, and that I may not apply such amounts to any other Offering under the Plan or any other
employee stock purchase plan of the Company.

	 	 	 	 	 	 	 
	Date:

	 	 	 	Signature:	 	 
	 

	 	 
	 	 	 	 

17

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