SEC Contract Filing

Filing Date: 2021-03-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>4
<FILENAME>mrbk-20201231xex10d7.htm
<DESCRIPTION>EX-10.7
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.9.1.77--><!--Created on: 3/29/2021 08:49:10 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:2.61%;padding-right:4.08%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.19;text-align:right;margin:3.29pt 64.85pt 0pt 0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';">Exhibit</font><font style="font-family:'Arial','Helvetica','sans-serif';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial','Helvetica','sans-serif';">10.7</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;text-align:center;margin:8.85pt 67.7pt 0pt 76.7pt;"><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;">CHANGE</b><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;letter-spacing:-0.1pt;"> </b><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;">IN</b><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;letter-spacing:-0.2pt;"> </b><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;">CONTROL</b><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;letter-spacing:0.05pt;"> </b><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;">AND</b><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;letter-spacing:-0.25pt;"> </b><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;">NON-COMPETITION</b><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;letter-spacing:-0.1pt;"> </b><b style="font-family:'Calibri','Helvetica','sans-serif';font-weight:bold;">AGREEMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 0pt 56pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';">This</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.05pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">Change in</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.1pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">Control</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.05pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">and</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.15pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">Non-Competition</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.05pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">Agreement (&#8220;Agreement&#8221;)</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.05pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">is</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.15pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">entered</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.1pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">into</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.1pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">effective</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.1pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">as</font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:-0.15pt;"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';">of</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.19;margin:0pt 0pt 0pt 56pt;"><u style="font-family:'Calibri','Helvetica','sans-serif';text-decoration:underline;text-decoration-color:#000000;"> </u><u style="font-family:'Calibri','Helvetica','sans-serif';text-decoration:underline;text-decoration-color:#000000;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:76.51pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><font style="font-family:'Calibri','Helvetica','sans-serif';"> </font><font style="font-family:'Calibri','Helvetica','sans-serif';letter-spacing:0.25pt;"> </font><u style="font-family:'Calibri','Helvetica','sans-serif';text-decoration:underline;text-decoration-color:#000000;"> </u><u style="font-family: