0001193125-16-716125 Sample Contracts

HIGHLANDS BANKSHARES, INC. RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • September 22nd, 2016 • Highlands Bankshares Inc /Va/ • State commercial banks • Virginia

THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”), effective as of September 6, 2016 (“Award Date”), is made by and between Highlands Bankshares, Inc., a Virginia corporation (“Company”), and Timothy K. Schools (“Grantee”).

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • September 22nd, 2016 • Highlands Bankshares Inc /Va/ • State commercial banks

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”), is effective as of the 6th day of September, 2016, by and between Highlands Bankshares, Inc. (the “Company”), and Timothy K. Schools (the “Executive”). The Company and the Executive are sometimes referred to collectively in this Amendment as the “Parties,” and each of the Company and the Executive is sometimes referred to individually in this Amendment as a “Party.”

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