0001193125-05-107985 Sample Contracts

Split Dollar Life Insurance Agreement with Lee Johnson, Jr. SPLIT DOLLAR LIFE INSURANCE AGREEMENT ENDORSEMENT METHOD
Split Dollar Life Insurance Agreement • May 16th, 2005 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina

THIS SPLIT DOLLAR LIFE INSURANCE AGREEMENT (“Agreement”) is made this 2nd day of September, 2003, between Mechanics and Farmers Bank, a bank organized and existing under the laws of the State of North Carolina (the “Bank”), and Lee Johnson, Jr., an executive employee of the Bank or one of its subsidiary corporations (the “Executive”).

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Split Dollar Life Insurance Agreement with Ethel M. Small SPLIT DOLLAR LIFE INSURANCE AGREEMENT ENDORSEMENT METHOD
Dollar Life Insurance Agreement • May 16th, 2005 • M&f Bancorp Inc /Nc/ • State commercial banks • North Carolina

THIS SPLIT DOLLAR LIFE INSURANCE AGREEMENT (“Agreement”) is made this 17th day of September, 2003, between Mechanics and Farmers Bank, a bank organized and existing under the laws of the State of North Carolina (the “Bank”), and Ethel M. Small, an executive employee of the Bank or one of its subsidiary corporations (the “Executive”).

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