0001116679-06-001872 Sample Contracts

Form of Restricted Share Award Agreement under the Annapolis Bancorp, Inc. 2006 Stock Incentive Plan
Award Agreement • August 8th, 2006 • Annapolis Bancorp Inc • National commercial banks • Maryland

You are hereby awarded Restricted Shares subject to the terms and conditions set forth in this Restricted Share Award Agreement (“Award Agreement” or “Award”), and in the Annapolis Bancorp, Inc. 2006 Stock Incentive Plan (the “Plan”), which is attached as Exhibit A. A summary of the Plan appears in its Prospectus, which is attached as Exhibit B. You should carefully review these documents, and consult with your personal financial advisor, in order to fully understand the implications of this Award, including your tax alternatives and their consequences.

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Form of Deferral Election Agreement for Deferred Share Units under the Annapolis Bancorp, Inc. 2006 Stock Incentive Plan
Deferral Election Agreement • August 8th, 2006 • Annapolis Bancorp Inc • National commercial banks • Maryland

DEFERRAL AGREEMENT (the “Deferral Agreement”), made this ____ day of _____, _____, by and between ____________________ (the “Participant”), and Annapolis Bancorp, Inc. (the “Company”).

Form of Stock Option Award Agreement under the Annapolis Bancorp, Inc. 2006 Stock Incentive Plan
Stock Option Award Agreement • August 8th, 2006 • Annapolis Bancorp Inc • National commercial banks • Maryland

You are hereby awarded the following stock option (the “Option”) to purchase Shares of Annapolis Bancorp, Inc. (the “Company”), subject to the terms and conditions set forth in this Stock Option Award Agreement (the “Award Agreement”) and in the Annapolis Bancorp, Inc. 2006 Stock Incentive Plan (the “Plan”), which is attached hereto as Exhibit A. A summary of the Plan appears in its Prospectus, which is attached hereto as Exhibit B. You should carefully review these documents, and consult with your personal financial advisor, before exercising this Option.

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