0001171843-13-004342 Sample Contracts

CARROLLTON BANCORP STOCK OPTION AGREEMENT
Stock Option Agreement • November 1st, 2013 • Carrollton Bancorp • State commercial banks • Maryland

This Stock Option Agreement (“Agreement”) is made and entered into as of the Date of Grant indicated below by and between Carrollton Bancorp, a Maryland corporation (the “Company”), and the person named below (“Participant”).

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • November 1st, 2013 • Carrollton Bancorp • State commercial banks • Maryland

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is made this 29th day of October, 2013 by and between David E. Borowy, a resident of the State of Maryland (“Employee”), and Bay Bank, F.S.B., a federally chartered savings bank (“Employer”). Employee and Employer are each sometimes referred to herein as a “Party” and are collectively sometimes referred to herein as the “Parties”.

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