SEC Contract Filing

Filing Date: 2019-04-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tv519395_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0; text-align: right"><B>Exhibits 10.1</B></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">AMENDMENT
TO EMPLOYMENT AGREEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIS AMENDMENT </B>(&ldquo;<U>Amendment</U>&rdquo;)
to the Employment Agreement dated as of June 23, 2017 (the &ldquo;<U>Employment Agreement</U>&rdquo;) by and between Southern National
Bancorp of Virginia, Inc. (the &ldquo;<U>Company</U>) and Georgia S. Derrico (the &ldquo;<U>Executive</U>&rdquo;), shall be effective
as of the 18th day of April, 2019.</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify">Section 1(b) of the Employment Agreement shall be deleted in its entirety and replaced with the
following:</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&ldquo;(b)&#9;<U>Term</U>. Upon
the terms and subject to the conditions set forth in this Agreement, the Company hereby employs Executive, and Executive hereby
accepts such employment, for the term commencing on the Effective Date and, unless otherwise earlier terminated pursuant to Section
4 hereof, expiring on December 31, 2019 (the &ldquo;<U>Term</U>&rdquo;). If the Term expires and the parties agree that Executive
will remain employed by the Company but do not enter into a new employment agreement, then such employment shall be at-will and
this Agreement will be of no further force and effect, except that Section 6 hereof, as well as any other provisions of this Agreement
necessary to interpret or enforce Section 6 hereof, shall survive and continue to be in full force and effect in accordance with
their terms.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><I>&nbsp;</I></P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify">Section 5(a), (b) and (c) of the Employment Agreement shall be deleted in its entirety and replaced
with the following:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&ldquo;5.&#9;<U>Obligations
of the Company Upon Termination</U>. Effective April 18, 2019, Executive shall be a participant in the Southern National Bancorp
of Virginia, Inc. Executive Severance Plan (the &ldquo;Severance Plan&rdquo;), notwithstanding anything to the contrary in the
Severance Plan, and, in the event of Executive&rsquo;s qualifying termination under the Severance Plan, Executive shall be eligible
to receive severance benefits pursuant to the Severance Plan, subject to the terms and conditions thereof, in lieu of any severance
benefits under this Agreement.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">3.</TD><TD STYLE="text-align: justify">The Employment Agreement, as modified by the terms of this Amendment, shall continue in full force
and effect from and after the date of the adoption of this Amendment.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties have caused this Amendment to be duly executed and delivered on the day and year first above written.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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 <TD>&nbsp;</TD>
 <TD COLSPAN="2"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>Southern National Bancorp of Virginia, Inc.</B></FONT></TD>
 <TD>&nbsp;</TD></TR>
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 <TD STYLE="width: 5%; text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
 <TD STYLE="width: 38%; text-align: justify; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s Joe A. Shearin</FONT></TD>
 <TD STYLE="width: 9%; text-align: