<SEC-DOCUMENT>0001171843-15-006980.txt : 20151231
<SEC-HEADER>0001171843-15-006980.hdr.sgml : 20151231
<ACCEPTANCE-DATETIME>20151231132348
ACCESSION NUMBER:		0001171843-15-006980
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20151229
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151231
DATE AS OF CHANGE:		20151231

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			QCR HOLDINGS INC
		CENTRAL INDEX KEY:			0000906465
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				421397595
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22208
		FILM NUMBER:		151315638

	BUSINESS ADDRESS:	
		STREET 1:		3551 7TH STREET
		CITY:			MOLINE
		STATE:			IL
		ZIP:			61265
		BUSINESS PHONE:		3097363580

	MAIL ADDRESS:	
		STREET 1:		3551 7TH STREET
		CITY:			MOLINE
		STATE:			IL
		ZIP:			61265

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QUAD CITY HOLDINGS INC
		DATE OF NAME CHANGE:	19930805
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>gff8k_123115.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 16pt">UNITED
STATES</FONT></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 16pt">SECURITIES
AND EXCHANGE COMMISSION</FONT></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 12pt">Washington,
D.C. 20549</FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 16pt">FORM
8-K</FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 12pt"><B>Current Report</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 12pt"><B>Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-size: 12pt"><B>Date of Report
(Date of earliest event reported)</TD>
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-size: 12pt"><B>December 29, 2015</B></FONT></TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>&#9;<FONT STYLE="font-size: 18pt">QCR Holdings, Inc.</FONT></B></P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#9;(Exact name of registrant as specified in its charter)</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 12pt"><B>Commission
File Number: 000-22208</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P>

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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-size: 12pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-size: 12pt"><B>42-1397595</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center">(State or other jurisdiction of
incorporation)</TD>
    <TD STYLE="text-align: center">(I.R.S. Employer Identification Number)</TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 12pt"><B>3551 Seventh
Street</B><BR>
<B>Moline, Illinois 61265 </B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(Address of principal executive offices, including zip code)</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 12pt"><B>&#9;(309)
743-7724</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#9;(Registrant's telephone number, including area code)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0"><FONT STYLE="font-size: 12pt">N/A</FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 4.5pt">(Former name or former address, if changed since last report)</P>

<P STYLE="font-size: 10pt; margin: 0pt 4.5pt; text-indent: 0.5in"><BR>
&#9;<FONT STYLE="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (<I>see</I> General Instruction A.2 below):</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">  &#9744;&#9;<FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">  &#9744;<FONT STYLE="font-size: 10pt">&#9;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">  &#9744;<FONT STYLE="font-size: 10pt">&#9;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>



<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">&#9744;<FONT STYLE="font-size: 10pt">&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font-size: 10pt; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"></P>

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<TD NOWRAP STYLE="width: 7%; text-align: left"><B>Item 5.02.</B></TD><TD STYLE="width: 1%"></TD><TD STYLE="text-align: left; width: 92%"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD>
</TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: -1in; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">On December 29, 2015, QCR Holdings, Inc. (the &ldquo;Company&rdquo;)
and Quad City Bank and Trust Company (the &ldquo;Bank&rdquo;) entered into the First Amendment to Joinder Agreement (the &ldquo;Amendment&rdquo;)
with Douglas M, Hultquist, the Company&rsquo;s President and Chief Executive Officer, in connection with Mr. Hultquist&rsquo;s
participation in the QCR Holdings, Inc. Non-Qualified Supplemental Executive Retirement Plan (Amended and Restated July 24, 2008)
(the &ldquo;Supplemental Retirement Plan&rdquo;). The purpose of the Amendment is to replace the prior formulaic approach to determining
Mr. Hultquist&rsquo;s benefits under the Supplemental Retirement Plan with specified annual benefits that are not tied to a formula.
The specified benefits range from $144,926 per year following a retirement before Mr. Hultquist attains 61 years of age to $220,650
per year following a retirement on or after Mr. Hultquist attains 65 years of age.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">The foregoing description of the Amendment does not purport to be
complete and is qualified in its entirety by reference to the full text of the Amendment filed as Exhibit 10.1 to this Current
Report on Form 8-K, which is incorporated herein by reference.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

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<TD NOWRAP STYLE="width: 7%; text-align: left"><B>Item 9.01.</B></TD><TD STYLE="width: 1%"></TD><TD STYLE="text-align: left; width: 92%"><B>Financial Statements and Exhibits.</B></TD>
</TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

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<tr>
    <TD STYLE="vertical-align: bottom; text-align: left; width: 3%">&nbsp;</td>
    <TD STYLE="vertical-align: middle; width: 3%">(d)</td>
    <TD STYLE="vertical-align: middle; width: 7%">Exhibits</td>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 86%">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD NOWRAP STYLE="text-decoration: underline; vertical-align: middle">Exhibit No.</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-decoration: underline">Description</td></tr>
<tr>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: bottom; text-align: left">&nbsp;</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="vertical-align: top; text-align: left">10.1</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">First Amendment to Joinder Agreement with Douglas M. Hultquist dated December 29, 2015</td></tr>
</table>


<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: -0.5in; margin: 0pt 0 0pt 1.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: -0.5in; margin: 0pt 0 0pt 1.5in">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 1.5in"></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">SIGNATURES</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

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<tr>
    <TD><B>&nbsp;</B></td>
    <TD COLSPAN="2"><B>QCR Holdings, Inc.</B></td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: justify; width: 50%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 27%">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; width: 20%">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: justify">&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: justify">Dated:&nbsp;&nbsp;December 31, 2015</td>
    <TD STYLE="text-align: justify">By:&nbsp;&nbsp;</td>
    <TD STYLE="border-bottom: Black 1.1pt solid; text-align: justify; padding-left: 10pt">/s/ Todd A. Gipple</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: left; padding-left: 10pt">Todd A. Gipple</td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td></tr>
<tr>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: middle; text-align: left; padding-left: 10pt">Executive Vice President, Chief Operating Officer and Chief Financial Officer</td></tr>
</table>


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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exh_101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B><I>Exhibit 10.1</I></B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>QCR HOLDINGS, INC.<BR>
NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN<BR>
(AMENDED AND RESTATED JULY 24, 2008)</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>FIRST AMENDMENT TO<BR>
JOINDER AGREEMENT<BR>
<U>WITH DOUGLAS M. HULTQUIST</U></B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This <B>First Amendment to Joinder Agreement
with Douglas M. Hultquist</B> (the &ldquo;<B>First Amendment</B>&rdquo;) is made and entered into as of December 29, 2015 (the
&ldquo;<B>Effective Date</B>&rdquo;), by and among QCR Holdings, Inc. (the &ldquo;<B>Company</B>&rdquo;), Quad City Bank and Trust
Company (the &ldquo;<B>Bank</B>&rdquo;), and Douglas M. Hultquist (the &ldquo;<B>Executive,</B>&rdquo; and together with the Company
and the Bank, the &ldquo;<B>Parties</B>&rdquo;).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>Recitals</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><B>A.</B>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company sponsors and maintains
the QCR Holdings, Inc. Non-Qualified Supplemental Executive Retirement Plan (Amended and Restated July 24, 2008) (the &ldquo;<B>Supplemental
Retirement Plan</B>&rdquo;).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><B>B.</B>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Bank is a participating employer with respect to the Supplemental Retirement Plan.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><B>C.</B>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Parties previously entered
into that certain Joinder Agreement dated December&nbsp;31,&nbsp;2008 (the &ldquo;<B>Joinder Agreement</B>&rdquo;), which contained
certain terms and conditions applicable to the Executive&rsquo;s participation in the Supplemental Retirement Plan.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><B>D.</B>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Parties desire to continue
the Executive&rsquo;s participation in the Supplemental Retirement Plan pursuant to the terms of the Joinder Agreement as amended
by this First Amendment.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>Agreement</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">In consideration of the foregoing and the mutual
promises and covenants of the Parties set forth in this First Amendment, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby expressly agree as follows:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><B>1.</B>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following new Section 6 shall
be inserted immediately following the existing Section&nbsp;5 of the Joinder Agreement as a part thereof:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">&ldquo;<B>Section 6.</B> <U>Modifications to Plan Provisions</U>.
Solely for purposes of determining the Executive&rsquo;s benefits (or the benefits of the Executive&rsquo;s Beneficiary) under
the Plan, the following provisions shall apply in place of the existing provisions of the Plan:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">(i) Section 1.34 &lsquo;Supplemental Retirement Benefit&rsquo;
means an annual amount equal to $220,650. The Supplemental Retirement Benefit shall be payable in monthly installments throughout
the Payout Period.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">(ii) Section 1.35 &lsquo;Supplemental Early Retirement Benefit&rsquo;
means an annual amount payable under Section 4.7 of the Plan in the event of the Executive&rsquo;s Early Retirement.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">(iii) Section 4.7 <U>Early Retirement Prior to Benefit Age</U>.
If the Executive terminates employment due to Early Retirement prior to attainment of his Benefit Age, Executive shall be entitled
to receive the Supplemental Early Retirement Benefit. The Supplemental Early Retirement Benefit shall be:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="2" STYLE="width: 80%; border-collapse: collapse; font-size: 10pt; margin-left: 1in">
<TR>
    <TD STYLE="width: 60%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">If the Executive&rsquo;s Early Retirement occurs:</FONT></TD>
    <TD STYLE="width: 40%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Then the Supplemental Early Retirement Benefit will be:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Before attaining age 61</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$144,926</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">On or after attaining age 61, but before attaining age 62</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$158,421</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">On or after attaining age 62, but before attaining age 63</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$173,008</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">On or after attaining age 63, but before attaining age 64</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$188,775</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">On or after attaining age 64, but before attaining age 65</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$205,812</FONT></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">Such benefit shall commence on the Executive&rsquo;s Benefit Commencement
Date and shall be payable in monthly installments throughout the Payout Period. In the event the Executive dies following his Termination
of Employment prior to completion of all such payments due and owing hereunder, the Employer shall pay to the Executive&rsquo;s
Beneficiary a lump sum payment equal to the Accrued Benefit at the time of death.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">(iv) Section 4.8 <U>Change in Control Termination</U>. If the
Executive experiences a Change in Control Termination, the Executive shall be entitled to receive the Executive&rsquo;s Supplemental
Retirement Benefit. Unless otherwise provided in the Joinder Agreement, such benefit shall commence on the Executive&rsquo;s Benefit
Commencement Date and shall be payable in monthly installments throughout the Payout Period. In the event the Executive dies following
his Change in Control Termination and prior to commencement or completion of all such payments due and owing hereunder, the Employer
shall pay to the Executive&rsquo;s Beneficiary a lump sum payment equal to the Accrued Benefit at the time of death.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">(v) Section 4.9 <U>Termination for Cause</U>. Other than with
respect to a Change in Control Termination, if the Executive is terminated for Cause, all benefits under this Plan shall be forfeited
and this Plan shall become null and void with respect to the Executive or the Executive&rsquo;s Beneficiaries. In the event of
a Change in Control Termination for Cause, the benefit hereunder shall be the Supplemental Early Retirement Benefit determined
on the Change in Control date.&rdquo;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><B>2.</B>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In all other respects, the Joinder
Agreement shall remain unchanged and in full force and effect.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><I>[Signature page follows]</I></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"><B>In witness whereof</B>, each of the Company
and the Bank has caused this First Amendment to be executed in its name and on its behalf, and the Executive acknowledges understanding
and acceptance of, and agrees to, the terms of this First Amendment, all as of the Effective Date.</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>QCR Holdings, Inc.</B></FONT></P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>By: <U>/s/ Linda K. neuman
        </U></B></FONT></P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>Linda k. neuman<BR>
        Chair of the Compensation Committee <BR>
of the Board of Directors</B></FONT></P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="width: 50%">
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>Executive</B></FONT></P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B><U>/s/ Douglas M. hultquist</U></B></FONT></P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>Douglas M. Hultquist</B></FONT></P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>Quad City Bank and Trust
        Company</B></FONT></P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>By: <U>/s/ shellee r. showalter</U></B></FONT></P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0"><FONT STYLE="font-variant: small-caps"><B>Shellee R. Showalter<BR>
        Secretary</B></FONT></P>
        <P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; text-align: left; font-size: 10pt">&nbsp;</TD></TR>
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