ECB Bancorp, Inc. /MD/ Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 30th, 2023 • ECB Bancorp, Inc. /MD/ • Savings institutions, not federally chartered • Massachusetts

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into on December 21, 2022 (“Effective Date”), by and between ECB Bancorp, Inc. (the “Company”), a Maryland corporation, Everett Co-operative Bank (the “Bank”) and Richard J. O’Neil, Jr. (the “Executive”) (collectively the “Parties”).

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FORM OF TIME-BASED NON-STATUTORY STOCK OPTION AWARD AGREEMENT ECB BANCORP, INC. (EMPLOYEES)
Non-Statutory Stock Option Award Agreement • September 8th, 2023 • ECB Bancorp, Inc. /MD/ • Savings institutions, not federally chartered • Massachusetts

This Non-Statutory Stock Option (“NSO”) award agreement (“NSO Award” or “Agreement”) is and will be subject in every respect to the provisions of the ECB Bancorp, Inc. 2023 Equity Incentive Plan (the “Plan”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. The holder of this NSO Award (the “Participant”) hereby accepts this NSO Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Joint Compensation Committee of the Board of Directors of Everett Co-operative Bank (the “Bank”) and ECB Bancorp, Inc. (the “Committee”) or the Board of Directors of ECB Bancorp, Inc. (the “Company”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. A copy of the Plan and related prospectus will be provided to each person granted an NSO

FORM OF TIME-BASED RESTRICTED STOCK AWARD AGREEMENT ECB BANCORP, INC. 2023 EQUITY INCENTIVE PLAN (EMPLOYEE)
Restricted Stock Award Agreement • September 8th, 2023 • ECB Bancorp, Inc. /MD/ • Savings institutions, not federally chartered • Massachusetts

This time-based Restricted Stock award agreement (“Restricted Stock Award” or Agreement”) is and will be subject in every respect to the provisions of the ECB Bancorp, Inc. 2023 Equity Incentive Plan (the “Plan”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. The holder of this Restricted Stock Award (the “Participant”) hereby accepts this Restricted Stock Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Joint Compensation Committee of the Board of Directors of Everett Co-operative Bank (the “Bank”) and ECB Bancorp, Inc. (the “Committee”) or the Board of Directors of ECB Bancorp, Inc. (the “Company”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. A copy of the Plan and related prospectus will be provided

CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • December 22nd, 2022 • ECB Bancorp, Inc. /MD/ • Savings institutions, not federally chartered • Massachusetts

This AGREEMENT is made effective as of December 21, 2022 (“Effective Date”), by and between EVERETT CO-OPERATIVE BANK, a Massachusetts chartered stock savings bank (the “Bank”) and JOHN MIGLIOZZI (“Executive”). Any reference to the “Company” herein shall mean ECB BANCORP, INC. or any successor thereto. The Company has executed this Agreement solely for purposes of guaranteeing the performance of the Bank hereunder.

FORM OF TIME-BASED INCENTIVE STOCK OPTION AWARD AGREEMENT ECB BANCORP, INC. (EMPLOYEES)
Based Incentive Stock Option Award Agreement • September 8th, 2023 • ECB Bancorp, Inc. /MD/ • Savings institutions, not federally chartered • Massachusetts

This Incentive Stock Option (“ISO”) award agreement (“ISO Award” or “Agreement”) is and will be subject in every respect to the provisions of the ECB Bancorp, Inc. 2023 Equity Incentive Plan (the “Plan”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. The holder of this ISO Award (the “Participant”) hereby accepts this ISO Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Joint Compensation Committee of the Board of Directors of Everett Co-operative Bank (the “Bank”) and ECB Bancorp, Inc. (the “Committee”) or the Board of Directors of ECB Bancorp, Inc. (the “Company”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. A copy of the Plan and related prospectus will be provided to each person granted an ISO Awar

CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • August 9th, 2024 • ECB Bancorp, Inc. /MD/ • Savings institutions, not federally chartered • Massachusetts

This AGREEMENT is made effective as of December 21, 2022 (“Effective Date”), by and between EVERETT CO-OPERATIVE BANK, a Massachusetts chartered stock savings bank (the “Bank”) and BRANDON LAVERTU (“Executive”). Any reference to the “Company” herein shall mean ECB BANCORP, INC. or any successor thereto. The Company has executed this Agreement solely for purposes of guaranteeing the performance of the Bank hereunder.

Mr. Richard J. O’Neil, Jr. President and Chief Executive Officer Everett Co- operative Bank Everett, Massachusetts 02149 Dear Mr. O’Neil:
ECB Bancorp, Inc. /MD/ • May 2nd, 2022 • Savings institutions, not federally chartered

This letter sets forth the agreement between Everett Co-operative Bank, Everett, Massachusetts (the “Bank”), and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent conversion appraisal services in conjunction with the conversion transaction by the Bank. The scope, timing and fee structure for these appraisal services are described below.

CONFIDENTIALITY AND NON-SOLICITATION AGREEMENT
Confidentiality and Non-Solicitation Agreement • December 22nd, 2022 • ECB Bancorp, Inc. /MD/ • Savings institutions, not federally chartered • Massachusetts

CONFIDENTIALITY AND NON-SOLICITATION AGREEMENT (the “Agreement”), dated as of January 3, 2022 by and between EVERETT CO-OPERATIVE BANK, a Massachusetts chartered savings bank (the “Bank”) and JOHN MIGLIOZZI (“Executive”).

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