Farmers & Merchants Bancshares, Inc. 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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FARMERS AND MERCHANTS BANCSHARES, INC RESTRICTED STOCK UNIT (RSU) AWARD AGREEMENT (Time-Vesting) (Share-Settled)
Restricted Stock Unit • November 15th, 2023 • Farmers & Merchants Bancshares, Inc. • Savings institutions, not federally chartered • Maryland

THIS RESTRICTED STOCK UNIT (RSU) AWARD AGREEMENT (this “Agreement”) is made as of the Grant Date set forth above by and between Farmers and Merchants Bancshares, Inc., a Maryland corporation (the “Company”), and the Participant.

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”).

AGREEMENT AND Plan of Merger
Agreement and Plan of Merger • October 1st, 2020 • Farmers & Merchants Bancshares, Inc. • Savings institutions, not federally chartered

THIS AGREEMENT AND PLAN OF MERGER (the “Agreement”) by and between Farmers and Merchants Bancshares, Inc., a Maryland corporation (“Parent”) and Carroll Bancorp, Inc., a Maryland corporation (“Carroll”) is dated as of September 28, 2020.

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”).

CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • July 20th, 2022 • Farmers & Merchants Bancshares, Inc. • Savings institutions, not federally chartered • Maryland

THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (this “Agreement”) is entered into on this 18th day of July, 2022 (the “Effective Date”) by and between Farmers and Merchants Bancshares, Inc, a Maryland corporation (the “Company”), and Gary Harris, an executive officer of the Company (the “Executive”). The Company and the Executive are sometimes individually referred to herein as a “Party” and are sometimes collectively referred to herein as the “Parties”.

SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT
Supplemental Executive Retirement Agreement • February 27th, 2023 • Farmers & Merchants Bancshares, Inc. • Savings institutions, not federally chartered

This Supplemental Executive Retirement Agreement (the “Agreement”) by and between Farmers and Merchants Bank, a state-chartered commercial bank located in Upperco, Maryland (the “Employer”), and Gary A. Harris (the “Executive”), made this 8th day of August 2022, 2022, formalizes the agreements and understanding between the Employer and the Executive.

AGREEMENT AND PLAN OF MERGER By and Among FARMERS AND MERCHANTS BANCSHARES, INC., ANTHEM ACQUISITION CORP., And CARROLL BANCORP, INC. Dated as of March 6, 2020
Agreement and Plan of Merger • March 11th, 2020 • Farmers & Merchants Bancshares, Inc. • Savings institutions, not federally chartered • Maryland

THIS AGREEMENT AND PLAN OF MERGER (“Agreement”), dated as of March 6, 2020, is made by and among Farmers and Merchants Bancshares, Inc., a Maryland corporation (“Purchaser”), Anthem Acquisition Corp., a Maryland corporation and wholly-owned subsidiary of Purchaser (“Merger Sub”), and Carroll Bancorp, Inc., a Maryland corporation (“Carroll”).

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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