Common Contracts

FORM OF PERFORMANCE SHARE /RESTRICTED STOCK UNIT AWARD AGREEMENT Non- transferable GRANT TO (“Grantee”)

Award Agreement • March 13th, 2020 • Shore Bancshares Inc • National commercial banks • Maryland

• Contract Type
  Award Agreement
• Filed
  March 13th, 2020
• Company
  Shore Bancshares Inc
• Industry
  National commercial banks
• Jurisdiction
  Maryland

by SHORE BANCSHARES, INC. (the “Company”) of restricted stock units (the “Units”) representing a right to earn, on a one-for-one basis, shares of the Company’s Common Stock, $0.01 par value per share (the “Stock”), pursuant to and subject to the provisions of the Shore Bancshares, Inc. 2016 Stock and Incentive Compensation Plan (the “Plan”) and to the terms and conditions set forth on the following pages of this award agreement (the “Agreement”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.

PERFORMANCE SHARE /RESTRICTED STOCK UNIT AWARD AGREEMENT

Award Agreement • July 8th, 2015 • Shore Bancshares Inc • National commercial banks • Maryland

• Contract Type
  Award Agreement
• Filed
  July 8th, 2015
• Company
  Shore Bancshares Inc
• Industry
  National commercial banks
• Jurisdiction
  Maryland

by SHORE BANCSHARES, iNC. (the “Company”) of restricted stock units (the “Units”) representing a right to earn, on a one-for-one basis, shares of the Company’s Common Stock, $0.01 par value per share (the “Stock”), pursuant to and subject to the provisions of the Shore Bancshares, Inc. 2006 Stock and Incentive Compensation Plan (the “Plan”) and to the terms and conditions set forth on the following pages of this award agreement (the “Agreement”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.