0001193125-04-205275 Sample Contracts

NEW PEOPLES BANKSHARES, INC. FORM OF INCENTIVE STOCK OPTION AGREEMENT

Incentive Stock Option Agreement • November 30th, 2004 • New Peoples Bankshares Inc • State commercial banks • Virginia

• Contract Type
  Incentive Stock Option Agreement
• Filed
  November 30th, 2004
• Company
  New Peoples Bankshares Inc
• Industry
  State commercial banks
• Jurisdiction
  Virginia

THIS AGREEMENT dated as of the day of , 200 , between NEW PEOPLES BANKSHARES, INC., a Virginia corporation (the “Company”), and (“Optionee”), is made pursuant and subject to the provisions of the Company’s 2001 Stock Option Plan (the “Plan”). All terms used herein that are defined in the Plan have the same meaning given them in the Plan.

NEW PEOPLES BANKSHARES, INC. FORM OF NON-EMPLOYEE DIRECTOR NON-QUALIFIED STOCK OPTION AGREEMENT

Non-Qualified Stock Option Agreement • November 30th, 2004 • New Peoples Bankshares Inc • State commercial banks • Virginia

• Contract Type
  Non-Qualified Stock Option Agreement
• Filed
  November 30th, 2004
• Company
  New Peoples Bankshares Inc
• Industry
  State commercial banks
• Jurisdiction
  Virginia

THIS AGREEMENT dated as of , between New Peoples Bankshares, Inc., a Virginia corporation (the “Company”), and (the “Optionee”), is made pursuant and subject to the provisions of the Company’s 2001 Incentive Plan, as amended from time to time (the “Plan”). All terms used herein that are defined in the Plan shall have the same meanings given them in the Plan.