Common use of Fee Structure and Payment Schedule Clause in Contracts

Fee Structure and Payment Schedule. The Bank agrees to pay RP Financial a fixed fee of $60,000 for preparation and delivery of the original appraisal report, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • $10,000 upon execution of the letter of agreement engaging RP Financial’s appraisal services; • $50,000 upon delivery of the completed original appraisal report; and • $10,000 for each valuation update that may be required, provided that the transaction is not delayed for reasons described below. The Bank will reimburse RP Financial for out-of-pocket expenses incurred in preparation of the valuation. Such out-of-pocket expenses will likely include travel, telephone/facsimile, printing, shipping, computer and data services. RP Financial will agree to limit reimbursable expenses in connection with this appraisal engagement to $7,500, subject to written authorization from the Bank to exceed such level. In the event the Bank shall, for any reason, discontinue the proposed mutual-to-stock conversion transaction prior to delivery of the completed documents set forth above and payment of the respective progress payment fees, the Bank agrees to compensate RP Financial according to RP Financial’s standard billing rates for consulting services based on accumulated and verifiable time expenses, not to exceed the respective fee caps noted above, after giving full credit to the initial retainer fee. RP Financial’s standard billing rates range from $75 per hour for research associates to $400 per hour for managing directors. If during the course of the proposed transaction, events occur so as to materially change the nature or the work content of the services described in this contract, the terms of said contract Xx. Xxxxx Xxxxxxx February 2, 2011 shall be subject to renegotiation by the Bank and RP Financial. Such unforeseen events shall include, but not be limited to, major changes (actual or proposed by the applicable regulatory authorities) in the conversion regulations, appraisal guidelines or processing procedures as they relate to appraisals, major changes in management or procedures, operating policies or philosophies, and excessive delays or suspension of processing of conversion applications by the regulators such that completion of the transaction requires the preparation by RP Financial of a new appraisal.

Fee Structure and Payment Schedule. The Bank Company agrees to pay RP Financial a fixed fee of $60,000 fees for preparation and delivery of the original appraisal reportreport and subsequent appraisal updates as shown in the detail below, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • $10,000 upon execution of the letter of agreement engaging RP Financial’s appraisal services; • $50,000 90,000 upon delivery of the completed original appraisal report; and • $10,000 for upon delivery of each valuation subsequent appraisal update that may report. There will be requiredat least one appraisal update report, provided that to be filed upon completion of the transaction is not delayed for reasons described belowoffering. The Bank Company will reimburse RP Financial for reasonable out-of-pocket expenses incurred in preparation of the valuationvaluation within 30 days after receipt of a detailed billing statement or invoice therefore. Such out-of-pocket expenses will likely include travel, printing, telephone/, facsimile, printingshipping, shippingreasonable counsel fees, computer and data services. RP Financial will agree to limit reimbursable expenses in connection with this appraisal engagement to $7,500engagement, subject to written authorization from the Bank Company to exceed such level. In the event the Bank Company shall, for any reason, discontinue the proposed mutual-to-stock conversion transaction prior to delivery of the completed documents original appraisal report set forth above and payment of the respective corresponding progress payment fees, the Bank Company agrees to compensate RP Financial according Xx. Xxx X. Hoveland February 8, 2007 Page 3 to RP Financial’s standard billing rates for consulting services based on accumulated and verifiable time expenses, not to exceed the respective fee caps noted above, after giving applying full credit to the initial retainer feefee towards such payment, together with reasonable out of pocket expenses subject to the cap on such expenses as set forth above. RP Financial’s standard billing rates range from $75 per hour for research associates to $400 350 per hour for managing directors. If during the course of the proposed transaction, unforeseen events occur so as to materially change the nature or the work content of the services described in this contract, the terms of said contract Xx. Xxxxx Xxxxxxx February 2, 2011 shall be subject to renegotiation by the Bank Company and RP Financial. Such unforeseen events shall include, but not be limited to, major material changes (actual or proposed by the applicable regulatory authorities) in the conversion regulations, appraisal guidelines or processing procedures as they relate to conversion appraisals, major material changes in management or procedures, operating policies or philosophies, and excessive delays or suspension of processing of conversion applications by the regulators such that completion of the conversion transaction requires the preparation by RP Financial of a new appraisal.

Fee Structure and Payment Schedule. The Bank agrees to pay compensate RP Financial for preparation of the business plan on a fixed fee basis of $60,000 for preparation and delivery of the original appraisal report, plus reimbursable expenses20,000. Payment of these the professional fees shall be made according to the following schedule: • $10,000 upon execution of the letter of agreement engaging RP Financial’s appraisal services; • $50,000 upon delivery of the completed original appraisal report; and • $10,000 for each valuation update that may be required, provided that the transaction is not delayed for reasons described belowbusiness plan. The Bank will also agrees to reimburse RP Financial for those direct out-of-pocket expenses incurred in preparation of necessary and incidental to providing the valuationbusiness planning services. Such out-of-pocket Reimbursable expenses will likely include travelshipping, telephone/facsimile, facsimile printing, shipping, computer and data services, and shall be paid to RP Financial as incurred and billed. RP Financial will agree to limit reimbursable expenses in connection conjunction with this the appraisal engagement to $7,500engagement, subject to written authorization from the Bank to exceed such level. In the event the Bank shall, for any reason, discontinue the proposed mutual-to-stock conversion transaction this planning engagement prior to delivery of the completed documents set forth above business plan and payment of the respective progress payment feesfee, the Bank agrees to compensate RP Financial according to RP Financial’s standard billing rates for consulting services based on accumulated and verifiable time expenses, not to exceed the respective fixed fee caps noted described above, after giving full credit to the initial retainer fee. RP Financial’s standard billing rates range from $75 per hour for research associates to $400 per hour for managing directorsplus reimbursable expenses incurred. If during the course of the proposed transactionplanning engagement, unforeseen events occur so as to materially change the nature or the work content of the business planning services described in this contract, the terms of said contract Xx. Xxxxx Xxxxxxx February 2, 2011 shall be subject to renegotiation by the Bank and RP Financial. Such unforeseen events shall include, but not be limited to, major changes (actual or proposed by the applicable regulatory authorities) in the conversion regulations, appraisal guidelines or processing procedures as they relate to appraisals, major may include changes in management regulatory requirements as it specifically relates to the Bank or procedures, operating policies potential transactions that will dramatically impact the Bank such as a pending acquisition or philosophies, branch transaction. * * * * * * * * * * * Please acknowledge your agreement to the foregoing by signing as indicated below and excessive delays or suspension of processing of conversion applications by the regulators such that completion of the transaction requires the preparation by returning to RP Financial a signed copy of a new appraisal.this letter. Sincerely, /s/ Wxxxxxx X. Xxxxxxxxxxx Wxxxxxx X. Xxxxxxxxxxx Chief Executive Officer and Managing Director Agreed To and Accepted By: Dxxxxx X. Xxxxxxxx /s/ Dxxxxx X. Xxxxxxxx Chairman, President and Chief Executive Officer Date Executed: April 18, 2005

Fee Structure and Payment Schedule. The Bank agrees to pay RP Financial a fixed fee of $60,000 37,500 for preparation and delivery of the original appraisal report, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • ● $10,000 5,000 upon execution of the this letter of agreement engaging RP Financial’s appraisal services; • ● $50,000 32,500 upon delivery of the completed original appraisal report; and • and, ● $10,000 5,000 for each valuation update that may be required, provided that the transaction is not delayed for reasons described below. The Bank will reimburse RP Financial for out-of-pocket expenses incurred in preparation of the valuation. Such out-of-pocket expenses will likely include travel, telephone/facsimile, printing, shipping, computer and data services. RP Financial will agree to limit reimbursable expenses to $3,000 in connection conjunction with this appraisal engagement to $7,500engagement, exclusive of travel related expenses, which will be billed separately. The reimbursable expenses will be subject to written authorization from the Bank to exceed such level. In the event the Bank shall, for any reason, discontinue the proposed mutual-to-stock conversion transaction offering prior to delivery of the completed documents set forth above and payment of the respective progress payment fees, the Bank agrees to compensate RP Financial according to RP Financial’s standard billing rates for consulting services based on accumulated and verifiable time expenses, not to exceed the respective fee caps noted above, after giving full credit to the initial retainer fee. RP Financial’s standard billing rates range from $75 per hour for research associates to $400 350 per hour for managing directors. Xxxx Xxxxxxxx August 17, 2011 If during the course of the proposed transaction, unforeseen events occur so as to materially change the nature or the work content of the services described in this contract, the terms of said contract Xx. Xxxxx Xxxxxxx February 2, 2011 shall be subject to renegotiation by the Bank and RP Financial. Such unforeseen events shall include, but not be limited to, major changes (actual or proposed by the applicable regulatory authorities) in the conversion regulations, appraisal guidelines or processing procedures as they relate to appraisals, major changes in management or procedures, operating policies or philosophies, and excessive delays or suspension of processing of conversion applications by the regulators such that completion of the transaction requires the preparation by RP Financial of a new appraisal.

Fee Structure and Payment Schedule. The Bank agrees to pay RP Financial a fixed fee of $60,000 42,500 for preparation and delivery of the original appraisal report, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • $10,000 5,000 upon execution of the this letter of agreement engaging RP Financial’s appraisal services; • $50,000 37,500 upon delivery of the completed original appraisal report; and and, • $10,000 5,000 for each valuation update that may be required, provided that the transaction is not delayed for reasons described below. The Bank will reimburse RP Financial for out-of-pocket expenses incurred in preparation of the valuation. Such out-of-pocket expenses will likely include travel, telephone/facsimile, printing, shipping, computer and data services. RP Financial will agree to limit reimbursable expenses to $3,500 in connection conjunction with this appraisal engagement to $7,500engagement, exclusive of travel related expenses, which will be billed separately. The reimbursable expenses will be subject to written authorization from the Bank to exceed such level. In the event the Bank shall, for any reason, discontinue the proposed mutual-to-stock conversion transaction offering prior to delivery of the completed documents set forth above and payment of the respective progress payment fees, the Bank agrees to compensate RP Financial according to RP Financial’s standard billing rates for consulting services based on accumulated and verifiable time expenses, not to exceed the respective fee caps noted above, after giving full credit to the initial retainer fee. RP Financial’s standard billing rates range from $75 per hour for research associates to $400 350 per hour for managing directors. Xxxxxxxx Bank If during the course of the proposed transaction, unforeseen events occur so as to materially change the nature or the work content of the services described in this contract, the terms of said contract Xx. Xxxxx Xxxxxxx February 2, 2011 shall be subject to renegotiation by the Bank and RP Financial. Such unforeseen events shall include, but not be limited to, major changes (actual or proposed by the applicable regulatory authorities) in the conversion regulations, appraisal guidelines or processing procedures as they relate to appraisals, major changes in management or procedures, operating policies or philosophies, and excessive delays or suspension of processing of conversion applications by the regulators such that completion of the transaction requires the preparation by RP Financial of a new appraisal.

Fee Structure and Payment Schedule. The Bank agrees to pay RP Financial a fixed fee of $60,000 100,000 for preparation and delivery of the original appraisal report, a fee upon delivery of each appraisal update as described below, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • $10,000 upon execution of the letter of agreement engaging RP Financial’s appraisal services; • $50,000 90,000 upon delivery of the completed original appraisal report; and • $10,000 for upon delivery of each valuation update that may updated appraisal (there will be required, provided that at least one updated appraisal prepared concurrent with the transaction is not delayed for reasons described belowend of the offering). The Bank will reimburse RP Financial for out-of-pocket expenses incurred in preparation of the valuation. Such out-of-pocket expenses will likely include travel, printing, telephone/, facsimile, printing, shipping, computer and data services. RP Financial will agree to limit reimbursable expenses in connection with this appraisal engagement to $7,50010,000, subject to written authorization from the Bank to exceed such level. In the event the Bank shall, for any reason, discontinue the proposed mutual-to-stock conversion transaction Stock Offering prior to delivery of the completed documents set forth above and payment of the respective progress payment fees, the Bank agrees to compensate RP Financial according to RP Financial’s standard billing rates for consulting services based on accumulated and verifiable time expenses, not to exceed the respective fee caps noted above, after giving full credit to the initial retainer fee. RP Financial’s standard billing rates range from $75 per hour for research associates to $400 350 per hour for managing directors. If during the course of the proposed transaction, unforeseen events occur so as to materially change the nature or the work content of the services described in this contract, the terms of said contract Xx. Xxxxx Xxxxxxx February 2, 2011 shall be subject to renegotiation by the Bank and RP Financial. Such unforeseen events shall include, but not be limited to, major changes (actual or proposed by the applicable regulatory authorities) in the conversion regulations, appraisal guidelines or processing procedures as they relate to appraisals, major changes in management or procedures, operating policies or philosophies, and excessive delays or suspension Xx. Xxxxxx Xxxxxxx March 14, 2007 Page 3 of processing of conversion applications by the regulators such that completion of the transaction requires the preparation by RP Financial of a new appraisal.

Fee Structure and Payment Schedule. The Bank agrees to pay compensate RP Financial for preparation of the business plan on a fixed fee basis of $60,000 for preparation and delivery of the original appraisal report, plus reimbursable expenses25,000. Payment of these the professional fees shall be made according to the following scheduleas follows: • $10,000 5,000 upon execution of the this letter of agreement engaging RP Financial’s appraisal services; • $50,000 5,000 upon delivery of the completed original appraisal reportdraft summary business plan; and and, • $10,000 for each valuation update that may be required, provided that 15,000 upon delivery of and filing of the transaction is not delayed for reasons described belowbusiness plan. The Bank will also agrees to reimburse RP Financial for those direct out-of-pocket expenses incurred in preparation of necessary and incidental to providing the valuationbusiness planning services. Such out-of-pocket Reimbursable expenses will likely include travel, shipping, telephone/facsimile, facsimile printing, shipping, computer and data services, and shall be paid to RP Financial as incurred and billed. RP Financial will agree to limit reimbursable expenses in connection with this appraisal engagement to $7,5001,750, subject to written authorization from the Bank to exceed such level. If an update to the business plan is required, the Bank will compensate RP Financial with a fixed fee of $5,000 payable upon delivery of each update. In the event the Bank shall, for any reason, discontinue the proposed mutual-to-stock conversion transaction this planning engagement prior to delivery of the completed documents set forth above business plan and payment of the respective progress payment fees, the Bank agrees to compensate RP Financial according to RP Financial’s standard billing rates for consulting services based on accumulated and verifiable time expenses, not to exceed the respective fixed fee caps noted described above, after giving full credit to the initial retainer feeplus reimbursable expenses incurred. RP Financial’s standard billing rates range from $400 per hour for managing directors to $75 per hour for research associates to $400 per hour for managing directorsassociates. If during the course of the proposed transactionplanning engagement, unforeseen events occur so as to materially change the nature or the work content of the business planning services described in this contract, the terms of said contract Xx. Xxxxx Xxxxxxx February 2, 2011 shall be subject to renegotiation by the Bank and RP Financial. Such unforeseen events shall includemay include changes in regulatory requirements as it specifically relates to the Bank or potential transactions that will dramatically impact the Bank such as a pending acquisition or branch transaction. * * * * * * * * * * * Xx. Xxxxxx Xxxxxxx August 26, but not be limited to2009 Please acknowledge your agreement to the foregoing by signing as indicated below and returning to RP Financial a signed copy of this letter and the initial retainer. Sincerely, major changes (actual or proposed /s/ Xxxxxxx X. Xxxxxxxxxxx Xxxxxxx X. Xxxxxxxxxxx CEO and Managing Director Agreed To and Accepted By: Xxxxxx Xxxxxxx President Upon Authorization by the applicable regulatory authorities) in the conversion regulationsBoard of Directors for: Fairmount Bank Baltimore, appraisal guidelines or processing procedures as they relate to appraisals, major changes in management or procedures, operating policies or philosophies, and excessive delays or suspension of processing of conversion applications by the regulators such that completion of the transaction requires the preparation by RP Financial of a new appraisal.Maryland

Fee Structure and Payment Schedule. The Bank agrees to pay RP Financial a fixed fee of $60,000 35,000 for preparation and delivery of the original appraisal report, a fee upon delivery of each appraisal update as described below, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • $10,000 5,000 upon execution of the letter of agreement engaging RP Financial’s appraisal services; • $50,000 25,000 upon delivery of the completed original appraisal report; • $5,000 upon delivery of the required closing update to the appraisal; and • If required by the Bank, $10,000 for 5,000 upon delivery of each valuation update that may be required, provided that interim updated appraisal prior to the transaction is not delayed for reasons described belowclosing update. The Bank will reimburse RP Financial for out-of-pocket expenses incurred in preparation of the valuation. Such out-of-pocket expenses will likely include travel, printing, telephone/, facsimile, printing, shipping, computer and data services. RP Financial will agree to limit reimbursable expenses in connection with this appraisal engagement to $7,5002,500, subject to written authorization from the Bank to exceed such level. In the event the Bank shall, for any reason, discontinue the proposed mutual-to-stock conversion transaction Stock Offering prior to delivery of the completed documents set forth above and payment of the respective progress payment fees, the Bank agrees to compensate RP Financial according to RP Financial’s standard billing rates for consulting services based on accumulated and verifiable time expenses, not to exceed the respective fee caps noted above, after giving full credit to the initial retainer fee. RP Financial’s standard billing rates range from $75 per hour for research associates to $400 per hour for managing directors. If during the course of the proposed transaction, unforeseen events occur so as to materially change the nature or the work content of the services described in this contract, the terms of said contract Xx. Xxxxx Xxxxxxx February 2, 2011 shall be subject to renegotiation by the Bank and RP Financial. Such unforeseen events shall include, but not be limited to, major changes (actual or proposed by the applicable regulatory authorities) in the conversion regulations, appraisal guidelines or processing procedures as they relate to appraisals, major changes in management or procedures, operating policies or philosophies, and excessive delays or suspension of processing of conversion applications by the regulators such that completion of the transaction requires the preparation by RP Financial of a new appraisal.. Xx. Xxxxxxxx X. Xxxxxxx, III April 22, 2009