0001104659-06-015199 Sample Contracts

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 9th, 2006 • Bancorp Rhode Island Inc • National commercial banks

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is between Bank Rhode Island, a financial institution organized under the laws of the State of Rhode Island with its executive offices located at One Turks Head Place, Providence, Rhode Island 02903 (the “Bank”), Bancorp Rhode Island, Inc., a corporation organized under the laws of the State of Rhode Island (the “Company”), and Jeffrey W. Angus of 1 Hines Farm Drive, Cumberland, Rhode Island 02864 (the “Executive”).

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • March 9th, 2006 • Bancorp Rhode Island Inc • National commercial banks

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the “Agreement”) is between Bank Rhode Island, a financial institution organized under the laws of the State of Rhode Island with its executive offices located at One Turks Head Place, Providence, Rhode Island 02903 (the “Bank”), Bancorp Rhode Island, Inc., a corporation organized under the laws of the State of Rhode Island and sole shareholder of the Bank (the “Company”) and James V. DeRentis of 48 Laurel Avenue, Providence, Rhode Island 02906 (the “Executive”).

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