0001193125-06-065810 Sample Contracts

MIDCAROLINA BANK ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 1st day of October, 2004 by and between MidCarolina Bank, a North Carolina-chartered commercial bank (the “Bank”), and Randolph J. Cary, Jr., its President and Chief Executive Officer (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

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MIDCAROLINA BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of this 1st day of October, 2004, by and between MidCarolina Bank, a bank chartered under North Carolina law (the “Bank”), and Christopher B. Redcay, its Vice President and Chief Financial Officer (the “Executive”).

SEVERANCE AGREEMENT
Severance Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

This SEVERANCE AGREEMENT (this “Agreement”) is entered into as of this 11th day of March, 2005, by and between MidCarolina Financial Corporation, a North Carolina corporation (“MidCarolina”), and Christopher B. Redcay, Chief Financial Officer (the “Executive”) of MidCarolina Bank, a North Carolina-chartered bank and wholly owned subsidiary of MidCarolina (the “Bank”).

STOCK OPTION GRANT AND AGREEMENT
Stock Option Grant Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS STOCK OPTION GRANT AND AGREEMENT (“Agreement”), being made according to and subject to the terms and conditions of the MIDCAROLINA FINANCIAL CORPORATION OMNIBUS STOCK OWNERSHIP AND LONG TERM INCENTIVE PLAN (“Plan”), a copy of which is attached hereto as Annex A and is hereby incorporated by reference and made a part of this Agreement, is herein executed and effective the day of , 2005, between MidCarolina Financial Corporation (the “Company”) and (“Optionee”):

MIDCAROLINA BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of this 1st day of October, 2004, by and between MidCarolina Bank, a bank chartered under North Carolina law (the “Bank”), and Robert C. Patterson, an officer of the Bank (the “Officer”).

MIDCAROLINA BANK ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 1st day of October, 2004 by and between MidCarolina Bank, a North Carolina-chartered commercial bank (the “Bank”), and Robert C. Patterson, an officer of the Bank (the “Officer”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

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