0001354488-16-006523 Sample Contracts

PARAGON COMMERCIAL BANK SALARY CONTINUATION AGREEMENT
Continuation Agreement • March 11th, 2016 • Paragon Commercial CORP • State commercial banks • North Carolina

This Amended and Restated SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 27th day of December, 2013, by and between Paragon Commercial Bank, a North Carolina-chartered bank (the “Bank”), and Robert C. Hatley, an executive of the Bank (the “Executive”).

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Paragon Commercial Bank Endorsement Split Dollar Agreement
Endorsement Split Dollar Agreement • March 11th, 2016 • Paragon Commercial CORP • State commercial banks • North Carolina

This Endorsement Split Dollar Agreement (this “Agreement”) is entered into as of this 1st day of July, 2007 by and between Paragon Commercial Bank, a North Carolina-chartered bank (the “Bank”), and Steve Crouse, its Senior Vice President and Chief Financial 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.

TAX SHARING AGREEMENT
Tax Sharing Agreement • March 11th, 2016 • Paragon Commercial CORP • State commercial banks • North Carolina

THIS TAX SHARING AGREEMENT (hereinafter referred to as this “Agreement”) is entered into as of March 8, 2016, by and between PARAGON COMMERCIAL BANK (hereinafter referred to as the “Bank”) and PARAGON COMMERCIAL CORPORATION, the parent holding company of the Bank (hereinafter referred to as the “Holding Company”).

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • March 11th, 2016 • Paragon Commercial CORP • State commercial banks

This FIRST AMENDMENT (this “Amendment”) to that certain EMPLOYMENT AGREEMENT (the “Agreement”) by and among Robert C. Hatley (the “Executive”), Paragon Commercial Corporation, a North Carolina corporation (the “Corporation”), and Paragon Commercial Bank, a North Carolina-chartered bank and wholly owned subsidiary of the Corporation (the “Bank”), is entered into and effective as of October 27, 2015. All capitalized terms not otherwise defined herein shall have the respective meanings set forth in the Agreement.

Paragon Commercial Bank Amendment of the Salary Continuation Agreement
Salary Continuation Agreement • March 11th, 2016 • Paragon Commercial CORP • State commercial banks

This Amendment of the Paragon Commercial Bank Salary Continuation Agreement (“Amendment”) is entered into and shall be effective as of May 20, 2014 (the “Effective Date”) by and between Paragon Commercial Bank, a North Carolina-chartered commercial bank (the “Bank”), and Robert C. Hatley, an executive of the Bank (the “Executive”).

Paragon Commercial Bank Amendment of the Salary Continuation Agreement
Salary Continuation Agreement • March 11th, 2016 • Paragon Commercial CORP • State commercial banks

This Amendment of the Paragon Commercial Bank Salary Continuation Agreement (“Amendment”) is entered into and shall be effective as of May 20, 2014 (the “Effective Date”) by and between Paragon Commercial Bank, a North Carolina-chartered commercial bank (the “Bank”), and Matthew C. Davis, an executive of the Bank (the “Executive”).

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