0001654954-17-000070 Sample Contracts

PARAGON COMMERCIAL BANK SALARY CONTINUATION AGREEMENT FOR MATTHEW C. DAVIS
Continuation Agreement • January 5th, 2017 • Paragon Commercial CORP • State commercial banks • North Carolina

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 29th day of December, 2016, by and between Paragon Commercial Bank, a North Carolina-chartered bank (the “Bank”), and Matthew C. Davis, an executive of the Bank (the “Executive”).

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SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • January 5th, 2017 • Paragon Commercial CORP • State commercial banks

This SECOND AMENDMENT (this “Second Amendment”) to that certain EMPLOYMENT AGREEMENT (the “Agreement”) by and among Robert C. Hatley (the “Executive”), Paragon Commercial Corporation, a North Carolina corporation (the “Corporation”), and Paragon Commercial Bank, a North Carolina-chartered bank and wholly owned subsidiary of the Corporation (the “Bank”), is entered into and effective as of December 29, 2016. All capitalized terms not otherwise defined herein shall have the respective meanings set forth in the Agreement.

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