MB Bancorp Inc Sample Contracts

ESOP LOAN AGREEMENT
Loan Agreement • September 12th, 2014 • MB Bancorp Inc • Maryland

THIS LOAN AGREEMENT (“Loan Agreement”) is made and entered into as of _________, by and between _____________________, AS THE TRUSTEES FOR THE MADISON BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN TRUST (“Borrower”), a trust forming part of the Madison Bank of Maryland Employee Stock Ownership Plan (“ESOP”); and MB BANCORP, INC. (“Lender”), a corporation organized and existing under the laws of Maryland.

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MADISON BANK OF MARYLAND EMPLOYMENT AGREEMENT
Employment Agreement • March 31st, 2015 • MB Bancorp Inc • Savings institution, federally chartered • Maryland

THIS EMPLOYMENT AGREEMENT (the “Agreement”) entered into as of January 15, 2015 by and among MADISON BANK OF MARYLAND, a federally-chartered savings bank (the “Bank”), and LAWRENCE W. WILLIAMS (the “Executive”). For purpose of this Agreement, all references to Company shall mean MB Bancorp, Inc.

EMPLOYMENT AGREEMENT
Employment Agreement • March 31st, 2015 • MB Bancorp Inc • Savings institution, federally chartered • Maryland

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into on January 15, 2015, by and among MB BANCORP, INC., a Maryland corporation (the “Company”), and JULIA A. NEWTON (the “Executive”). For purposes of this Agreement, all references to the Bank shall mean Madison Bank of Maryland.

MADISON BANK OF MARYLAND TWO-YEAR CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • December 23rd, 2016 • MB Bancorp Inc • Savings institution, federally chartered • Maryland

THIS AGREEMENT is entered into as of December 19, 2016, by and between the Madison Bank of Maryland (the “Bank”), John M. Wright (the “Executive”) and MB Bancorp, Inc. (the “Company”), a Maryland corporation and the holding company of the Bank, as guarantor (the “Agreement”).

Madison Bank of Maryland Supplemental Life Insurance Agreement
Insurance Agreement • March 30th, 2017 • MB Bancorp Inc • Savings institution, federally chartered • Maryland

This Supplemental Life Insurance Agreement (“Agreement”) is made and entered into this 10th day of February, 2017, by and between Madison Bank of Maryland (“Bank”), a bank with its principal place of business located in Forest Hill, MD, and John M. Wright (“Executive”).

STANDSTILL AGREEMENT
Standstill Agreement • February 21st, 2018 • MB Bancorp Inc • Savings institution, federally chartered • Maryland

THIS STANDSTILL AGREEMENT (the “Agreement”), dated this 20th day of February 2018, is by and among MB Bancorp, Inc. (the “Company”), Stilwell Activist Fund, L.P. (“Activist Fund”), Stilwell Activist Investments, L.P. (“Activist Investments”), Stilwell Partners, L.P. (“Stilwell Partners”), Stilwell Value LLC (“Stilwell Value”), and Joseph Stilwell, an individual (collectively, with Activist Fund, Activist Investments, Stilwell Partners, and Stilwell Value, the “Stilwell Group,” and each individually, a “Stilwell Group Member”), and Corissa J. Briglia, an individual (the “Nominee”).

FORM OF RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • June 30th, 2016 • MB Bancorp Inc • Savings institution, federally chartered

This Award Agreement is provided to ___________________ (the “Participant”) by MB Bancorp, Inc.(the “Company”) as of ______________________, 20___, (“Grant Date”) the date the Compensation Committee of the Board of Directors of the Company (the “Committee”) awarded the Participant a Restricted Stock Award pursuant to the MB Bancorp, Inc. 2016 Equity Incentive Plan (the “2016 Plan”), subject to the terms and conditions of the 2016 Plan and this Award Agreement (referred to herein as the “Award”):

STANDSTILL AGREEMENT
Standstill Agreement • February 21st, 2018 • MB Bancorp Inc • Savings institution, federally chartered • Maryland

THIS STANDSTILL AGREEMENT (the “Agreement”), dated this 20th day of February 2018, is by and among MB Bancorp, Inc. (the “Company”) and Jeffrey Thorp, an individual (the “Nominee”).

MADISON BANK OF MARYLAND EMPLOYMENT AGREEMENT
Employment Agreement • March 31st, 2015 • MB Bancorp Inc • Savings institution, federally chartered • Maryland

THIS EMPLOYMENT AGREEMENT (the “Agreement”) entered into as of January 15, 2015 by and among MADISON BANK OF MARYLAND, a federally-chartered savings bank (the “Bank”), and JULIA A. NEWTON (the “Executive”). For purpose of this Agreement, all references to Company shall mean MB Bancorp, Inc.

AMENDMENT TO STANDSTILL AGREEMENT
Standstill Agreement • April 2nd, 2019 • MB Bancorp Inc • Savings institution, federally chartered • Maryland

This Amendment, dated this 27th day of March, 2019 (the “Amendment”), to the Standstill Agreement, dated February 20, 2018 (the “Standstill Agreement”), is by and among MB Bancorp, Inc. (the “Company”), Stilwell Activist Fund, L.P. (“Activist Fund”), Stilwell Activist Investments, L.P. (“Activist Investments”), Stilwell Partners, L.P. (“Stilwell Partners”), Stilwell Value LLC (“Stilwell Value”), and Joseph Stilwell, an individual (collectively, with Activist Fund, Activist Investments, Stilwell Partners, and Stilwell Value, the “Stilwell Group,” and each individually, a “Stilwell Group Member”), and Corissa B. Porcelli (formerly known as Corissa J. Briglia), an individual (the “Nominee”).

FORM OF STOCK OPTION AWARD AGREEMENT FOR THE MB BANCORP, INC.
Stock Option Award Agreement • June 30th, 2016 • MB Bancorp Inc • Savings institution, federally chartered

This Stock Option Grant is awarded to _______________ (the “Participant”) by MB Bancorp, Inc.(the “Company”) as of __________________ (the “Grant Date”), the date the Compensation Committee of the Board of Directors of the Company (the “Committee”) granted the Participant the right and option to purchase ________________shares of Stock pursuant to the MB Bancorp, Inc. 2016 Equity Incentive Plan (the “2016 Plan”), subject to the terms and conditions of the 2016 Plan and this Award Agreement:

AMENDMENT TO STANDSTILL AGREEMENT
Standstill Agreement • April 2nd, 2019 • MB Bancorp Inc • Savings institution, federally chartered • Maryland

This Amendment, dated this 27th day of March, 2019 (the “Amendment”), to the Standstill Agreement, dated February 20, 2018 (the “Standstill Agreement”), is by and between MB Bancorp, Inc. (the “Company”) and Jeffrey Thorp (the “Nominee”).

FORM OF MADISON BANK OF MARYLAND TWO-YEAR CHANGE IN CONTROL AGREEMENT
Control Agreement • September 12th, 2014 • MB Bancorp Inc • Maryland

THIS AGREEMENT is entered into as of _____________, 20___, by and between the Madison Bank of Maryland (the “Bank”), ________________________( the “Executive”) and MB Bancorp, Inc. (the “Company”), a Maryland corporation and the holding company of the Bank, as guarantor (the “Agreement”).

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