0001144204-17-013374 Sample Contracts

Farmers and Merchants Bank Supplemental Executive Retirement Agreement
Retirement Agreement • March 8th, 2017 • Farmers & Merchants Bancshares, Inc. • Maryland

This Supplemental Executive Retirement Agreement (this “Agreement”) is adopted this 30th day of December, 2010, by and between Farmers and Merchants Bank, a state-chartered commercial bank located in Upperco, Maryland (the “Bank”), and Christopher T. Oswald (the “Executive”).

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PLAN OF REORGANIZATION AND SHARE EXCHANGE
Plan of Reorganization • March 8th, 2017 • Farmers & Merchants Bancshares, Inc.

THIS PLAN OF REORGANIZATION AND SHARE EXCHANGE (the “Plan”) is made as of August 15, 2016, by and between Farmers and Merchants Bancshares, Inc., a Maryland corporation (the “Company”), and Farmers and Merchants Bank of Fowblesburg, Maryland, a banking corporation organized under the laws of the State of Maryland (the “Bank”).

FIRST AMENDMENT
Executive Retirement Plan Agreement • March 8th, 2017 • Farmers & Merchants Bancshares, Inc.

THIS First Amendment is entered into this22nd day of February, 2011, by and between FARMERS & MERCHANTS BANK (the “Bank”), a state-chartered commercial bank located in Upperco, Maryland, and Christopher T. Oswald (the “Executive”).

PERFORMANCE DRIVEN RETIREMENT PLAN AGREEMENT
Performance Driven Retirement Plan Agreement • March 8th, 2017 • Farmers & Merchants Bancshares, Inc. • Maryland

THIS PERFORMANCE DRIVEN RETIREMENT PLAN AGREEMENT (this “Agreement”), adopted this 17th day of November, 2015, by and between Farmers and Merchants Bank, located in Upperco, Maryland (the “Employer”), and Mark Krebs (the “Executive”), formalizes the agreements and understanding between the Employer and the Executive.

ARTICLES OF SHARE EXCHANGE between FARMERS AND MERCHANTS BANK OF FOWBLESBURG, MARYLAND and FARMERS AND MERCHANTS BANCSHARES, INC.
Farmers & Merchants Bancshares, Inc. • March 8th, 2017

ARTICLES OF SHARE EXCHANGE is made and entered into this 20th day of October, 2016, by and between Farmers and Merchants Bank of Fowblesburg, Maryland, a Maryland banking corporation (the “Bank”), and Farmers and Merchants Bancshares, Inc., a Maryland corporation (the “Holding Company”).

FIRST AMENDMENT
Executive Retirement Plan Agreement • March 8th, 2017 • Farmers & Merchants Bancshares, Inc.

THIS First Amendment is entered into this 22nd day of February, 2011, by and between FARMERS & MERCHANTS BANK (the “Bank”), a state-chartered commercial bank located in Upperco, Maryland, and James R. Bosley, Jr. (the “Executive”).

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