0001193125-08-128905 Sample Contracts

CAROLINA BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • June 5th, 2008 • Carolina Bank Holdings Inc • State commercial banks • North Carolina

This DIRECTOR RETIREMENT AGREEMENT (this “Agreement”) is entered into as of this 30th day of May, 2008, by and between Carolina Bank, a North Carolina-chartered bank (the “Bank”), and Kenneth C. Mayer, Jr., a director of the Bank (the “Director”).

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CAROLINA BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • June 5th, 2008 • Carolina Bank Holdings Inc • State commercial banks • North Carolina

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 2nd day of June , 2008, by and between Carolina Bank, a North Carolina-chartered bank (the “Bank”), and T. Allen Liles, its Executive Vice President and Chief Financial Officer (the “Executive”).

EMPLOYMENT AGREEMENT
Employment Agreement • June 5th, 2008 • Carolina Bank Holdings Inc • State commercial banks • North Carolina

This EMPLOYMENT AGREEMENT (this “Agreement”) is entered into effective as of this 2nd day of June , 2008, by and among Carolina Bank Holdings, Inc., a North Carolina corporation (the “Corporation”), Carolina Bank, a North Carolina-chartered bank and wholly owned subsidiary of Carolina Bank Holdings, Inc. (the “Bank”), and Daniel D. Hornfeck, Executive Vice President and Chief Credit Officer (the “Executive”). The Corporation and the Bank are referred to in this Agreement individually and together as the “Employer.”

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