0001354488-16-007666 Sample Contracts

PARAGON COMMERCIAL BANK SALARY CONTINUATION AGREEMENT
Continuation Agreement • May 26th, 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 Steven E. Crouse, an executive of the Bank (the “Executive”).

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Paragon Commercial Bank Endorsement Split Dollar Agreement
Endorsement Split Dollar Agreement • May 26th, 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 Matthew C. Davis, its Senior Vice President (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.

CHANGE-IN-CONTROL AGREEMENT
Change-in-Control Agreement • May 26th, 2016 • Paragon Commercial CORP • State commercial banks • North Carolina

This CHANGE-IN-CONTROL AGREEMENT (“Agreement”) is entered into as of this 28th day of March, 2013, between and among Matthew C. Davis, its Executive Vice President and Chief Operating Officer (the “Executive”), Paragon Commercial Corporation, a North Carolina corporation, and Paragon Commercial Bank, a state-chartered commercial bank and wholly-owned subsidiary of Paragon Commercial Corporation (hereafter sometimes referred to collectively and individually as “Paragon”).

Paragon Commercial Bank Amendment of the Salary Continuation Agreement
Salary Continuation Agreement • May 26th, 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 Steven E. Crouse, an executive of the Bank (the “Executive”).

Paragon Commercial Corporation Paragon Commercial Bank Amendment of the Change- In-Control Agreement
-Control Agreement • May 26th, 2016 • Paragon Commercial CORP • State commercial banks

This Amendment of the Change-In-Control Agreement is entered into and shall be effective as of May 20, 2014 (the “Effective Date”), by and between Paragon Commercial Corporation, a North Carolina corporation, Paragon Commercial Bank, a North Carolina state-chartered commercial bank and wholly-owned subsidiary of Paragon Commercial Corporation (hereby referred to collectively as “Paragon”), and Matthew C. Davis, an executive of the Bank (the “Executive”).

Paragon Commercial Corporation Paragon Commercial Bank Amendment of the Change- In-Control Agreement
-Control Agreement • May 26th, 2016 • Paragon Commercial CORP • State commercial banks

This Amendment of the Change-In-Control Agreement is entered into and shall be effective as of May 20, 2014 (the “Effective Date”), by and between Paragon Commercial Corporation, a North Carolina corporation, Paragon Commercial Bank, a North Carolina state-chartered commercial bank and wholly-owned subsidiary of Paragon Commercial Corporation (hereby referred to collectively as “Paragon”), and Steven E. Crouse, an executive of the Bank (the “Executive”).

EMPLOYMENT AGREEMENT
Employment Agreement • May 26th, 2016 • Paragon Commercial CORP • State commercial banks • North Carolina

This EMPLOYMENT AGREEMENT (this “Agreement”) is entered into effective as of this 1st day of September, 2013, 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”). The Corporation and the Bank are hereinafter sometimes referred to together or individually as the “Employer.”

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