<SEC-DOCUMENT>0001104659-20-068491.txt : 20200601
<SEC-HEADER>0001104659-20-068491.hdr.sgml : 20200601
<ACCEPTANCE-DATETIME>20200601172454
ACCESSION NUMBER:		0001104659-20-068491
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20200601
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200601
DATE AS OF CHANGE:		20200601

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST UNITED CORP/MD/
		CENTRAL INDEX KEY:			0000763907
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				521380770
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14237
		FILM NUMBER:		20934745

	BUSINESS ADDRESS:	
		STREET 1:		19 S SECOND ST
		CITY:			OAKLAND
		STATE:			MD
		ZIP:			21550
		BUSINESS PHONE:		3013349471

	MAIL ADDRESS:	
		STREET 1:		19 S SECOND ST
		CITY:			OAKLAND
		STATE:			MD
		ZIP:			21550
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>tm2021522d1_8k.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&#9;SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&#9;Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
June 1, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><U>First
United Corporation</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><U>Maryland</U></TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><U>0-14237</U></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><U>52-1380770</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(State or other jurisdiction of</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission file number)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">incorporation or organization)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>19 South Second Street, Oakland, Maryland
21550</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)
(Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>(301) 334-9471</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s telephone number, including
area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>N/A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings 2"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD><TD>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings 2"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD><TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">Securities registered pursuant
to Section 12(b) of the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Title of each class</FONT></TD>
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Trading Symbol(s)</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Name of each exchange on which registered</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; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Common stock</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">FUNC</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Nasdaq Stock Market</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR &sect;240.12b-2).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 4in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in 0pt 0; text-align: right; text-indent: 0">Emerging growth company <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION TO BE INCLUDED IN THE REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #333333"><B>Item 7.01. Regulation FD Disclosure. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Earlier today, June
1, 2020, First United Corporation (the &ldquo;Company&rdquo;) issued a press release that referenced certain correspondence between
counsel to Driver Opportunity Partners I LP and counsel to the Company that the Company indicated would be made available through
a Current Report on Form 8-K to be filed today with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;). The correspondence
referenced in the press release is furnished as Exhibit 99.1 to this report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information contained in this Item
7.01 and in Exhibit 99.1 shall not be deemed &ldquo;filed&rdquo; for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the &ldquo;Exchange Act&rdquo;), or incorporated by reference in any filing under the Securities Act of 1933,
as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This report and its
exhibit may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking
statements do not represent historical facts, but are statements about management&rsquo;s beliefs, plans and objectives about the
future, as well as its assumptions and judgments concerning such beliefs, plans and objectives. These statements are evidenced
by terms such as &ldquo;anticipate,&rdquo; &ldquo;estimate,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;expect,&rdquo;
 &ldquo;believe,&rdquo; &ldquo;intend,&rdquo; and similar expressions. Although these statements reflect management&rsquo;s good
faith beliefs and projections, they are not guarantees of future performance and they may not prove true. These projections involve
risk and uncertainties that could cause actual results to differ materially from those addressed in the forward-looking statements.
For a discussion of these risks and uncertainties, see the section of the periodic reports that the Company files with the SEC
entitled &ldquo;Risk Factors&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #333333"><B>Important Additional Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company, its directors,
and certain of its executive officers will be deemed to be participants in the solicitation of proxies from the Company&rsquo;s
shareholders in connection with the 2020 Annual Meeting of Shareholders. The Company has filed a definitive proxy statement and
a BLUE proxy card with the SEC in connection with any such solicitation of proxies from the Company&rsquo;s shareholders. SHAREHOLDERS
ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING BLUE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC
CAREFULLY AND IN THEIR ENTIRETY AS THEY CONTAIN IMPORTANT INFORMATION. Information regarding the identity of potential participants,
and their direct or indirect interests, by security holdings or otherwise, are set forth in the definitive proxy statement and
other materials filed with the SEC in connection with the Annual Meeting. Shareholders can obtain the definitive proxy statement,
any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the
SEC&rsquo;s website www.sec.gov. Copies are also available at no charge at the Company&rsquo;s website at <FONT STYLE="color: Blue"><U>http://investors.mybank.com/</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #333333">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The exhibits filed or furnished with this
report are listed in the following Exhibit Index:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%"><U>Exhibit No.</U></TD>
    <TD STYLE="width: 89%"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="tm2021522d1_ex99-1.htm" STYLE="-sec-extract: exhibit">99.1</A></TD>
    <TD><A HREF="tm2021522d1_ex99-1.htm" STYLE="-sec-extract: exhibit">Correspondence between Morgan, Lewis &amp; Bockius LLP and Gordon Feinblatt LLC (furnished herewith)</A></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">FIRST UNITED CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Dated:&nbsp;&nbsp;June 1, 2020</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Tonya K. Sturm</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Tonya K. Sturm</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Senior Vice President &amp; CFO</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 3.5in">&nbsp;</P>


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<FILENAME>tm2021522d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CORRESPONDENCE BETWEEN MORGAN, LEWIS
 &amp; BOCKIUS LLP, COUNSEL TO DRIVER OPPORTUNITY PARTNERS I LP, DRIVER MANAGEMENT COMPANY LLC AND J. ABBOTT COOPER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GORDON FEINBLATT LLC, COUNSEL TO FIRST
UNITED CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Scherr, Jason R. &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Sent:</B> Monday, May 18, 2020 9:13 AM<BR>
<B>To:</B> Bulgin, Andrew D. &lt;abulgin@gfrlaw.com&gt;<BR>
<B>Subject:</B> [EXTERNAL] FUNC - Driver Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Bulgin:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Attached please find correspondence on
behalf of Driver Management, sent only via e-mail given the current circumstances. For that reason, I would appreciate the courtesy
of e-mail confirmation that it was received. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Many
thanks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jason R. Scherr</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #5C3380"><B>Morgan, Lewis &amp; Bockius LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1111 Pennsylvania Avenue, NW | Washington, DC 20004-2541</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">101 Park Avenue | New York, NY 10178-0060</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DC: +1.202.373.6709 | NY: +1.212.309.6282 | Cell: +1.202.247.5331
| Fax: +1.202.373.6460</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>jr.scherr@morganlewis.com</U> | w<U>ww.morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Assistant: Crystal Moses | 202.373.6551 | <U>crystal.moses@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 307.55pt 0pt 2.15pt"><IMG SRC="morgan_logo.jpg" ALT="" STYLE="height: 36px; width: 214px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 307.55pt 0pt 2.15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jason R. Scherr</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Partner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">+1.202.373.6709</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><U>jr.scherr@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 18, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>VIA E-MAIL (<FONT STYLE="color: blue"><U>abulgin@gfrlaw.com</U></FONT>)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Andrew D. Bulgin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Gordon Feinblatt LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">233 East Redwood Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Baltimore, Maryland 21202-3332</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 69.5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 69.5pt 0pt 0; text-indent: 0.5in">Re:&#9;<U>DLLR Investigation
 &ndash; Driver Opportunity Partners &ndash; First United Corp.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 69.5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Dear
Mr. Bulgin:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This firm represents J. Abbott Cooper,
Driver Management Company LLC, and Driver Opportunity Partners LP (collectively, &ldquo;Driver&rdquo;) in connection with the referenced
investigation by the Office of the Maryland Commissioner of Financial Regulation (the &ldquo;Commissioner&rdquo;). Over Driver&rsquo;s
objection, the Commissioner copied you on its letter dated May 14, 2020 (&ldquo;May 14 Letter&rdquo;) regarding the current status
of the investigation that you requested on behalf of your client, First United Corporation (&ldquo;First United&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Driver asserts that any action by First
United in contravention of Driver&rsquo;s rights as a shareholder, specifically including its right to vote at the annual meeting
currently scheduled for June 11, 2020 and to nominate directors to be voted upon at that annual meeting, would be contrary to law.
Nonetheless, because the Commissioner&rsquo;s stated rationale for copying you on the May 14 Letter turned on &ldquo;the law&rsquo;s
voting prohibition and [First United]&rsquo;s upcoming annual meeting,&rdquo; Driver must insist that First United advise it promptly
of any intention to take steps inconsistent with recognizing the entirety of Driver&rsquo;s shareholder rights, including its voting
rights with respect to any or all of its shares and its right to nominate directors to be voted upon by First United&rsquo;s shareholders.
Please contact undersigned counsel at your earliest opportunity, and certainly not later than 5:00 p.m. on Wednesday, May 21, 2020,
to confirm that First United will not be taking any action in contravention of Driver&rsquo;s shareholder rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In light of the unusual working environment
occasioned by the current pandemic, this communication is being delivered solely in electronic format.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Respectfully,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
<B><I>/s/ J.R. Scherr<BR></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I></I></B>Jason R. Scherr</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 25%"><FONT STYLE="font-size: 10pt"><B>Morgan, Lewis &amp; Bockius LLP</B></FONT></TD>
    <TD STYLE="width: 25%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1111 Pennsylvania Avenue, NW</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Washington, DC 20004</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+1.202.739.3000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">United States</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+1.202.739.3001</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Scherr, Jason R. &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Sent:</B> Wednesday, May 20, 2020 11:32 AM<BR>
<B>To:</B> Bulgin, Andrew D. &lt;abulgin@gfrlaw.com&gt;<BR>
<B>Subject:</B> [EXTERNAL] RE: FUNC - Driver Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">Mr. Bulgin:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060; text-indent: 0.5in">I had requested in the attached
letter that you acknowledge receipt (which I haven&rsquo;t received) and that you contact me by 5:00 p.m. today to confirm that
the bank will not be interfering with Driver&rsquo;s shareholder rights. I note that Wednesday of this week is May 20, so please
disregard the typographical error in the letter. Please contact me today with the bank&rsquo;s position, so that we may determine
whether there is an issue requiring judicial action. I am available by telephone if more convenient for you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jason R. Scherr</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #5C3380"><B>Morgan, Lewis &amp; Bockius LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1111 Pennsylvania Avenue, NW | Washington, DC 20004-2541</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">101 Park Avenue | New York, NY 10178-0060</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DC: +1.202.373.6709 | NY: +1.212.309.6282 | <FONT STYLE="background-color: yellow">Cell:
+1.202.247.5331</FONT> | Fax: +1.202.373.6460</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>jr.scherr@morganlewis.com</U> | <U>www.morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Assistant: Crystal Moses | 202.373.6551 | c<U>rystal.moses@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Bulgin, Andrew D.<BR>
<B>Sent:</B> Wednesday, May 20, 2020 11:47 AM<BR>
<B>To:</B> 'Scherr, Jason R.' &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Subject:</B> RE: FUNC - Driver Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Thanks. I am confirming receipt and note the correction of the
typo.&nbsp; We will respond to your letter before your 5pm deadline as requested.</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><B>Andy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><B>ANDREW BULGIN</B>, MEMBER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">233 E. REDWOOD STREET, BALTIMORE, MD 21202</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">PHONE:&nbsp; 410-576-4280</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D">E-MAIL:&nbsp; </FONT><FONT STYLE="color: blue"><U>ABULGIN@GFRLAW.COM</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D">RESUME:&nbsp; </FONT><FONT STYLE="color: blue"><U>HTTP://WWW.GFRLAW.COM/ANDREW_BULGIN/</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D">ON THE WEB&nbsp; AT:&nbsp; </FONT><FONT STYLE="color: blue"><U>WWW.GFRLAW.COM</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><BR>
<IMG SRC="gordon-feinblatt_logo.jpg" ALT="croppedGF resized for email" STYLE="height: 51px; width: 320px"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Bulgin, Andrew D. &lt;abulgin@gfrlaw.com&gt;<BR>
<B>Sent:</B> Wednesday, May 20, 2020 4:46 PM<BR>
<B>To:</B> Scherr, Jason R. &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Cc:</B> mac@mbvesq.com<BR>
<B>Subject:</B> FUNC - Driver Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr.
Scherr,</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Please
see the attached letter that responds to yours dated May 18, 2020 in respect of First United Corporation and Driver Opportunity
Partners I LP.&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">I
have copied Maurice &ldquo;Mac&rdquo; VerStandig on this e-mail, who we presume, based on the Maryland Commissioner&rsquo;s letters
to Michael Driscoll, Lisa Narrell-Mead, and Ethan C. Elzen, is legal counsel to those individuals.</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><B>Andy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><B>ANDREW BULGIN</B>, MEMBER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">233 E. REDWOOD STREET, BALTIMORE, MD 21202</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">PHONE:&nbsp; 410-576-4280</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D">E-MAIL:&nbsp; </FONT><FONT STYLE="color: blue"><U>ABULGIN@GFRLAW.COM</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D">RESUME:&nbsp; </FONT><FONT STYLE="color: blue"><U>HTTP://WWW.GFRLAW.COM/ANDREW_BULGIN/</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D">ON THE WEB&nbsp; AT:&nbsp; </FONT><FONT STYLE="color: blue"><U>WWW.GFRLAW.COM</U></FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><IMG SRC="gordon-feinblatt_logo.jpg" ALT=""><BR>
</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 20%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 13pt">A</FONT><FONT STYLE="font-size: 10pt">NDREW
        </FONT><FONT STYLE="font-size: 13pt">D. B</FONT><FONT STYLE="font-size: 10pt">ULGIN</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">410.576.4280</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">FAX 410.576.4196</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><U>abulgin@gfrlaw.com&nbsp;</U></P></TD>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt; text-align: center"><IMG SRC="g-f_logo.jpg" ALT=""></TD>
    <TD STYLE="text-align: left; vertical-align: top; width: 30%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">233
    EAST REDWOOD STREET <BR>
BALTIMORE, MARYLAND 21202-3332 <BR>
410.576.4000 </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: blue"><U>www.gfrlaw.com</U></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">May 20, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><B><U>VIA
E-MAIL (</U><FONT STYLE="color: blue">j<U>r.scherr@morganlewis.com</U></FONT><U>)</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Jason R. Scherr, Esquire</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Partner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Morgan, Lewis &amp; Bockius LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">1111 Pennsylvania Avenue, NW</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Washington, DC 20004</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.35in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">Re:</TD><TD STYLE="text-align: justify">Driver Opportunity Partners I LP</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Dear
Mr. Scherr:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.25in; text-align: justify">This
letter responds to yours dated May 18, 2020 in which you requested assurances from First United Corporation (&ldquo;First United&rdquo;)
with respect to voting and certain other rights that you claim Driver Opportunity Partners I LP (&ldquo;Driver&rdquo;) holds as
a shareholder of First United.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.65in 0pt 0.35in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.25in; text-align: justify">As you know, on May 14, 2020,
the Maryland Commissioner of Financial Regulation (the &ldquo;Maryland Regulator&rdquo;) issued a letter to Driver in which it
 &ldquo;concluded that there is sufficient evidence to find that Driver&rsquo;s failure to apply for prior approval of ... stock
purchase[s] of First United constituted a violation of the requirements of Maryland Annotated Code FI &sect;3-314.&rdquo; The Maryland
Regulator also stated that &ldquo;voting stock that is acquired in violation of the FI &sect;3-314 may not be voted for a period
of five (5) years.&rdquo;<SUP>1</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0.35in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.25in; text-align: justify">Based on conclusive findings
of the Maryland Regulator, First United does not intend to count votes attributable to First United common stock owned by Driver
or any of the Driver Nominees at First United&rsquo;s 2020 annual meeting of shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 0.35in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.25in; text-align: justify">Further, First United&rsquo;s
Amended and Restated Bylaws, as amended (the &ldquo;Bylaws&rdquo;), condition a shareholder&rsquo;s right to nominate director
candidates at an annual meeting</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 0.35in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 0.35in; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 0.35in; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.25in; text-align: justify">1
The Maryland Regulator made identical conclusions with respect to shares of stock of First United owned by Driver&rsquo;s director
proposed nominees, Michael J. Driscoll, Lisa Narrell-Mead, and Ethan C. Elzen (the &ldquo;Driver Nominees&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 0.35in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 0.35in; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 0.35in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 0.35in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 41%; padding-top: 2.65pt; padding-bottom: 0.95pt; font-size: 10pt; text-align: left"><IMG SRC="gordon-feinblattblack_logo1.jpg" ALT=""></TD>
    <TD STYLE="width: 59%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 0; text-align: right">Jason R. Scherr, Esquire</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 0; text-align: right">May 20, 2020</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 0; text-align: right">Page 2</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 0; text-align: right">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0">on that shareholder being entitled to vote in the
election of directors. Based on the conclusive findings of the Maryland Regulator, the resulting statutory five-year prohibition
against Driver voting its shares of First United stock acquired in violation of Section 3-314 of the Financial Institutions Article
of the Annotated Code of Maryland, and the Bylaws, Driver cannot make valid director nominations at the 2020 annual meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 1in">First United&rsquo;s positions concerning
the outcome of the Maryland Regulator&rsquo;s investigation and the potential consequences thereof with respect to Driver&rsquo;s
ability to vote its shares of First United common stock and to make valid nominations at the 2020 annual meeting should come as
no surprise to Driver. Indeed, First United made these positions clear to Driver as early as March 30, 2020 in its preliminary
proxy statement with respect to the 2020 annual meeting filed with the Securities and Exchange Commission &ndash; nearly two months
ago.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-indent: 1in">Please be advised that First United
today filed the attached Complaint for Declaratory Judgment in the Circuit Court for Garrett County, Maryland, which names as defendants
Driver, Driver Management Company LLC, J. Abbott R. Cooper, and the Driver Nominees. The Complaint seeks declaratory relief with
respect to First United&rsquo;s intended treatment of votes associated with shares of First United common stock owned by Driver
and the Driver Nominees, as well as any nominations that Driver proposes to make, at the 2020 annual meeting. Please let me know
if you are willing to accept service on behalf of some or all of the forgoing defendants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.65in">&nbsp;</P>

<P STYLE="text-indent: 5.5in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 5.5in; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 5.5in; text-align: left">/s/ Andrew D. Bulgin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 5.5in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 5.5in; text-align: left">Andrew D. Bulgin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attachment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">cc:&#9;George F. Ritchie, Esq. (via e-mail)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.9in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.9in">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.9in"><B>E-FILED; Garrett Circuit Court <BR>
Docket:
5/20/2020 2:44 PM; Submission: 5/20/2020 2:44 PM</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%">FIRST UNITED CORPORATION</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 46%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>19 S. 2nd Street</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">IN THE</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Oakland, Maryland 21550</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">CIRCUIT COURT</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">FOR</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">Plaintiff,</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">GARRETT COUNTY</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>vs.</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>DRIVER OPPORTUNITY PARTNERS I LP</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>250 Park Avenue, 7th Floor</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>New York, New York 10177</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Case No.: <FONT STYLE="font-family: Times New Roman, Times, Serif">C-11-CV-20-000042</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><U>SERVE ON:</U></TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>THE CORPORATION TRUST COMPANY CORPORATION TRUST CENTER</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>1209 ORANGE ST</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>WILMINGTON, DE 19801</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>And</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>DRIVER MANAGEMENT COMPANY LLC</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>250 Park Avenue, 7th Floor</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>New York, New York 10177</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><U>SERVE ON: </U></TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>THE CORPORATION TRUST COMPANY CORPORATION TRUST CENTER</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>1209 ORANGE ST</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>WILMINGTON, DE 19801</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>and</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>J. ABBOTT R. COOPER</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>82 Brookside Drive</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Greenwich, Connecticut 06831-5345</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>And</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>MICHAEL J. DRISCOLL</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>35 A. All Saints Street. #216</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Frederick, Maryland 21701</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>and</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>LISA NARRELL-MEAD</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>1635 Woodbridge Place</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Birmingham, Alabama 35216</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>And</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>ETHAN C. ELZEN</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4309 Esteswood Drive</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Nashville, Tennessee 37215</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">Defendants.</TD>
    <TD><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">* * * * * * * * * * * * * * * * * * * * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>COMPLAINT FOR DECLARATORY JUDGMENT
</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Plaintiff First United
Corporation (&ldquo;First United&rdquo; or the &ldquo;Company&rdquo;), by its undersigned attorneys, hereby files this action for
Declaratory Judgment pursuant to &sect;3-406 of the Courts and Judicial Proceedings Article of the Annotated Code of Maryland for
purposes of determining a question of actual controversy between the parties, and terminating uncertainty and controversy giving
rise to these proceedings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>SUMMARY OF THE DISPUTE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First
United, a bank holding company based in Garrett County, Maryland, brings this action to resolve live, actual disputes concerning efforts by Driver Opportunity Partners I, LP (the &ldquo;Fund&rdquo;) and
the other Defendants to (a) vote shares of First United common stock that they own at the Company&rsquo;s upcoming annual meeting
of shareholders to be held on June 11, 2020 (the &ldquo;2020 Meeting&rdquo;) and (b) nominate a slate of director candidates at
the 2020 Meeting. The parties are currently engaged in a proxy contest with respect to the 2020 Meeting and have each filed a definitive
proxy statement regarding the solicitation of proxies to vote shares of First United common stock in favor of their respective
director candidates at the 2020 Meeting with the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>As a bank holding company, First United and its subsidiary, First United Bank &amp; Trust (the &ldquo;Bank&rdquo;), are
subject to supervision by the Department of Labor, Licensing &amp; Regulation, Office of the Maryland Commissioner of Financial
Regulation (the &ldquo;Maryland Commissioner&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Defendants were obligated under &sect;3-314 of the Financial Institutions Article of the Annotated Code of Maryland (the
 &ldquo;FI Article&rdquo;) to seek prior approval of the Maryland Commissioner <I>before </I>acquiring their shares of First United.
It is beyond dispute that Defendants did not do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>On May 14, 2020, the Maryland Commissioner issued letters (collectively, the &ldquo;May 14 Letter&rdquo;) to each of the
Defendants relating to their acquisitions of shares of First United common stock. After an investigation that lasted more than
six months, the Maryland Commissioner concluded that &ldquo;there is sufficient evidence to find that&rdquo; Defendants&rsquo;
failures to apply for prior approval of their shares of First United common stock &ldquo;constituted a violation of the requirements
of&rdquo; FI Article &sect;3-314. Pursuant to FI Article &sect; 3-314(e), voting stock acquired in violation of FI Article &sect;3-314
may not be voted for a period of five years. Thus, Defendants are prohibited by statute from voting their shares at the 2020 Meeting;
and pursuant to Section 4 of Article II of First United&rsquo;s Amended and Restated Bylaws, as amended (the &ldquo;Bylaws&rdquo;),
the Fund is ineligible to place names of director candidates into nomination at the 2020 Meeting because such Section of the Bylaws
permit only those shareholders who are entitled to vote for the election of directors to make valid director nominations at the
2020 Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding the Maryland Commissioner&rsquo;s May 14 Letter and First United&rsquo;s statements to Defendants and First
United&rsquo;s other shareholders, beginning with First United&rsquo;s preliminary proxy statement filed with the SEC on March
30, 2020, that a finding of a violation of FI Article &sect;3-314 would prohibit the Defendants from voting their shares for five
years, including at the 2020 Meeting, it is clear to First United from the Fund&rsquo;s press release dated May 15, 2020 and a
letter from its counsel to First United&rsquo;s counsel dated May 18, 2020 that the Fund (and presumably the other Defendants)
nonetheless intends to try to vote its shares of First United common stock and nominate its slate of directors at the 2020 Meeting.
In light of this dispute, First United accordingly seeks a declaration from this Honorable Court that (a) in accordance with the
conclusions of the Maryland Commissioners May 14 Letter and pursuant to FI Article &sect; 3-314(e), Defendants are prohibited
from voting their respective shares of First United common stock for five years, including at the 2020 Meeting, and (b) First
United&rsquo;s Bylaws do not permit the Fund to place names in nomination to stand for election as directors of First United at
the 2020 Meeting or at any other meeting of shareholders that is held during the period of time that the Fund is prohibited from
voting its shares of First United common stock due to the Fund&rsquo;s violation of FI Article &sect; 3-314(e).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>PARTIES </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plaintiff
First United is a publicly-traded Maryland corporation that is registered with the Board of Governors of the Federal Reserve System
as a bank holding company under the Bank Holding Company Act of 1956, as amended. First United&rsquo;s principal place of business
at 19 S. 2<SUP>nd</SUP> Street, Oakland, Maryland 21550. Its primary business is serving as the parent company of the Bank. The
Bank is a Maryland trust company with commercial banking powers that provides a complete range of retail and commercial banking
services to businesses and individuals through its 25 banking offices, one customer care center, and 32 Automated Teller Machines
in Allegany County, Frederick County, Garrett County, and Washington County in Maryland, and in Mineral County, Berkeley County,
Monongalia County and Harrison County in West Virginia.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;<BR>
</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Defendant the Fund is a Delaware limited liability partnership with its principal place of business at 250 Park Avenue,
7<SUP>th</SUP> Floor, New York, NY 10177.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Defendant Driver Management Company LLC is a Delaware limited liability company and general partner of the Fund with its
principal place of business at 250 Park Avenue, 7<SUP>th</SUP> Floor, New York, NY 10177.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Defendant J. Abbott R. Cooper is an individual who, on information and belief, is a resident of Connecticut and who serves
as the managing member of Driver Management Company LLC. The Fund, Driver Management Company LLC and Mr. Cooper are collectively
referred to herein as &ldquo;Driver&rdquo;. Driver, among other things, operates as an &ldquo;activist shareholder&rdquo; which
seeks to invest in target companies with the purpose of gaining control of the target company and thereafter forcing a sale of
the target company to a corporate acquirer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Defendant Michael J. Driscoll is an individual and citizen of Maryland who resides at 35 A. All Saints Street #216, Frederick,
Maryland 21701.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Defendant Lisa Narrell-Mead is an individual who resides at 1635 Woodbridge Place, Birmingham Alabama 35216.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Defendant Ethan C. Elzen is an individual who resides at 4309 Esteswood Drive, Nashville, Tennessee 37215.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Ms. Narrell-Mead and Messrs. Driscoll and Elzen are individuals whom Driver has said it intends to nominate for election
to the First United Board of Directors (the &ldquo;Board&rdquo;) at the 2020 Meeting to be held on June 11, 2020 at the Bank&rsquo;s
Operations Center located at 12892 Garrett Highway, Oakland, Garrett County, Maryland. These individuals will be referred to herein
as the &ldquo;Candidate Defendants.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>JURISDICTION AND VENUE </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Court has jurisdiction over this case pursuant to Md. Code Ann., Cts. &amp; Jud. Proc. Art. &sect;&sect; 1-501, 6-102(a) and 6-103(Repl. Vol. 2013 &amp; Supp. 2014). Personal jurisdiction over Defendants exists
because, among other things, Defendants have caused and seek to cause tortious injury in the State of Maryland, including by: (a)
entering into a Joint Filing and Solicitation Agreement dated November 19, 2019 pursuant to which Defendants agreed to, among other
things, &ldquo;form the Group for the purpose of (i) soliciting proxies or written consents for the election of the persons nominated
by the Group to the Board at the Annual Meeting; (ii) taking such other actions as the parties deem advisable; and (iii) taking
all other action necessary or advisable to achieve the foregoing[]&rdquo; and, thereby, violate FI Article &sect;3-314 as set forth
in more detail below; (b) directing multiple mailings to First United Shareholders, including to numerous shareholders of First
United who are also residents of Garrett, Frederick and Alleghany Counties, for the purpose of soliciting proxies to vote the shares
of First United common stock owned by such shareholders for the election of the Candidate Defendants; and (c) notifying First United
of their intentions to follow through on their various threats to ignore and violate FI Article &sect;3-314(e) at the 2020 Meeting.
Personal jurisdiction also exists over all Defendants because Driver and the Candidate Defendants have all acquired shares of First
United common stock and have therefore transacted business and/or engaged in business in the State of Maryland. Personal jurisdiction
also exists of over Defendant Driscoll because he is a resident of the state of Maryland.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">15.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Venue is appropriate in this Court pursuant to Md. Cts. &amp; Jud. Proc. Art. &sect;&sect; 6-201(a) and (b). (Repl. Vol.
2013 &amp; Supp. 2014).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SUMMARY OF CASE AND STATEMENT OF FACTS
</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>First United seeks a declaratory judgment from this Court with respect to two issues relating to the shares of First United
common stock owned by the Defendants. First, First United seeks a declaration from this Court that FI Article &sect;3-314(e) prohibits
the Defendants from voting their respective shares of First United common stock for five years, including at the 2020 Meeting,
because of undisputed fact that each of them violated FI Article &sect;3-314. The statute prohibits any person from making a &ldquo;stock
acquisition&rdquo; of a Maryland bank holding company or a Maryland bank unless that person has filed an application therefor with
the Maryland Commissioner at least 60 days prior to the date such stock acquisition is to become effective. Under FI Article &sect;3-314(a),
a stock acquisition is defined to include &ldquo;[a]n acquisition of the outstanding voting stock of a commercial bank or bank
holding company in this State, if the acquisition will affect the power to direct or to cause the direction of the management or
policy of any banking institution or bank holding company.&rdquo; FI Article &sect;3-314(c)(3) provides that &ldquo;[i]f there
is any doubt as to whether the stock acquisition will affect the power to direct or cause direction of the management or policy
of a commercial bank or bank holding company, the doubt shall be resolved in favor of reporting to the Commissioner.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is undisputed that each of the Defendants&rsquo; acquisitions of shares of First United common stock constituted a &ldquo;stock
acquisition&rdquo; as defined by FI Article &sect;3-314(a). It is also undisputed that Defendants failed to make an application
or any other report with the Maryland Commissioner at least 60 days prior to any of their stock acquisitions. Pursuant to FI Article
 &sect;3-314(e), &ldquo;[v]oting stock that is acquired in violation of this section may not be voted for 5 years.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Maryland Commissioner is the Maryland
agency charged with the regulation of Maryland financial institutions and the interpretation and enforcement of the provisions
of the FI Article applicable thereto. That Maryland Commissioner, Antonio P. Salazar, has determined that Defendants&rsquo; stock
acquisitions violated FI Article &sect;3-314. In defiance of Mr. Salazar&rsquo;s ruling, however, Defendants insist that they may
nevertheless vote their shares of First United common stock at the 2020 Meeting, and Driver has threatened litigation against First
United if First United takes any action to interfere with the Defendants&rsquo; ability to vote their shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Second, First United also seeks a declaration that Driver&rsquo;s intended nominations of the Candidate Defendants for election
to the Board violates the Bylaws, which allow nominations to be made only by a shareholder that is entitled to vote for the election
of directors. Specifically, Section 4 of Article II of the Bylaws provide that, &ldquo;[n]omination for election of members of
the Board of Directors may be made by the Board of Directors or <I><U>by any stockholder of any outstanding class of capital stock
of the Corporation entitled to vote for the election of Directors</U></I>.&rdquo; (emphasis added).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Because Driver is prohibited by FI Article &sect;3-314(e) from voting in the election to be held at the 2020 Meeting, Driver
is not entitled to nominate the Candidate Directors at the 2020 Meeting, and First United should not be required to permit Driver
to nominate the Candidate Defendants at the 2020 Meeting. Contrary to the Bylaws, Driver again insists that it may nominate the
Candidate Directors and has threatened litigation against First United if First United takes any action to interfere with Driver&rsquo;s
proposed nomination of the Candidate Defendants at the 2020 Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">20.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>On or about September 5, 2019, Driver filed a Schedule 13D with the SEC disclosing that Driver had acquired beneficial
ownership of 5.1% of the outstanding common stock of the Company with the purpose of changing and influencing the control and
management First United. The SEC requires Schedule 13D filings from any person that (a) acquires beneficial ownership of more
than 5% of any equity security registered under the Securities Exchange Act of 1934, as amended, such as shares of First United
common stock, (b) for the purpose or with the effect of changing or influencing control of the subject public company, or in connection
with or as a participant in any transaction having such purpose or effect. <I>See </I>17 C.F.R. &sect;240.13d-1(a), (b) and (c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">21.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Driver&rsquo;s Schedule 13D and other SEC filings, press releases, publicly-filed presentations, and e-mails and other communications
to the Company establish that Driver&rsquo;s sole purpose and objective in acquiring shares of First United&rsquo;s common stock
were and are to control or direct the control of the management and policy of First United by forcing a sale of the Company and/or
the Bank, and to influence other stockholders in this regard. Driver has publicly and privately demanded, on more than a dozen
occasions, that the Board hire an investment banker and commence a sale process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">22.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In a September 26, 2019 press release, Driver threatened to nominate its own slate of directors and engage in &ldquo;an
irrational, wasteful proxy contest&rdquo; with respect to the 2020 Meeting unless the Board acceded to Driver&rsquo;s demands to
commence a sale process. Driver&rsquo;s plan was and is to nominate its own slate of director nominees and seek enough voting authority
to replace 27% of the Company&rsquo;s board members. By e-mail dated October 31, 2019, Driver identified three individuals that
it intends to nominate for election to the Board at the 2020 Annual Meeting. These individuals are the three Candidate Defendants.
On December 3, 2019, Driver submitted to First United a notice of intent to nominate directors at the 2020 Meeting in which Driver
named the Candidate Defendants as the proposed nominees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">23.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Between August 2019 and March 2020, the Candidate Defendants acquired shares of First United common stock. On or about November
19, 2019, all Defendants entered into a Joint Filing and Solicitation Agreement for the express purpose of pursuing Driver&rsquo;s
agenda to solicit proxies to vote shares of First United common stock in favor of the election of the Candidate Defendants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">24.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the late Fall of 2019, the Maryland Commissioner began an investigation into the circumstances under which Driver acquired
its shares of First United common stock, and the effect of those acquisitions on First United&rsquo;s operations and policies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">25.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>On May 14, 2020, after an extensive investigation, the Maryland Commissioner sent letter to Driver stating that &ldquo;[t]he
investigation has been completed and staff has concluded that there is sufficient evidence to find that <I>Driver&rsquo;s failure
to apply for prior approval of the referenced stock purchase constituted a violation of Maryland Annotated Code FI Article &sect;3-314.&rdquo;
</I>(emphasis added). Identical letters were sent to each of the Candidate Defendants with respect to their respective acquisitions
of shares of First United common stock. The Maryland Commissioner further informed Defendants that &ldquo;<I>pursuant to FI Article
 &sect;3-314(e), voting stock that is acquired in violation of the &sect;3-314 may not be voted for a period of five (5) years.
Prior approval was not sought, and so, the stock acquisition was not approved by my office<B>. </B></I>(emphasis added). <I>See
</I>May 14 Letter to the Fund attached as Ex. 1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">26.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Notwithstanding
the Maryland Commissioner&rsquo;s clear statement that the Defendants failed to comply with FI Article &sect;3-314 in
acquiring their respective shares, and that the Defendants are not entitled to vote those shares at the 2020 Meeting, counsel
for Driver sent a letter to First United&rsquo;s counsel in which Driver threatened First United with legal action if First
United did not confirm by 5:00 pm on &ldquo;Wednesday May 21[sic], 2020&rdquo; that First United would not take &ldquo;steps
inconsistent with recognizing the entirety of Driver&rsquo;s shareholder rights, including its voting rights with respect to
any or all of its shares and its right to nominate directors to be voted upon by First United&rsquo;s shareholders.&rdquo; <I>See </I>May
18, 2020 letter attached as Ex. 2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>COUNT I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DECLARATORY JUDGMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(&sect;3-314 of the Financial Institutions
Article of the Annotated Code of Maryland)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">27.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>First United incorporates by reference the allegations in paragraphs 1-26 as if fully set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">28.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>FI Article &sect;3-314(e) prohibits the Defendants from voting their respective shares of First United common stock because
of their undisputed failures to comply with FI Article &sect;3-314(b) and (c), which prohibit any person from making a &ldquo;stock
acquisition&rdquo; unless that person has filed an application therefor with the Maryland Commissioner at least 60 days prior to
the date such stock acquisition is to become effective. Driver failed to make such an application prior to its acquisition of more
than 5.0% of common stock of First United. On information and belief, the Candidate Defendants acquired their respective shares
of First United common stock at the urging of, or acting in concert with, or in connection with their decisions to join in the
proxy contest by, Driver.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">29.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Under FI Article &sect;3-314(a)(3), a stock acquisition is defined as &ldquo;[a]n acquisition of the outstanding voting
stock of a commercial bank or bank holding company in this State, if the acquisition will affect the power to direct or to cause
the direction of the management or policy of any banking institution or bank holding company.&rdquo; FI Article &sect;3-314(c)(3)
provides that, &ldquo;[i]f there is any doubt as to whether the stock acquisition will affect the power to direct or cause direction
of the management or policy of a commercial bank or bank holding company, the doubt shall be resolved in favor of reporting to
the [Maryland] Commissioner.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">30.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Maryland Commissioner is charged with the oversight and enforcement of laws and regulations pertaining to the operation
and governance of Maryland&rsquo;s financial institutions. On May 14, 2020, the Maryland Commissioner issued the May 14 Letter
related to Defendants&rsquo; acquisitions of shares of First United common stock. After a months-long investigation, the Maryland
Commissioner concluded that there was sufficient evidence that Defendants&rsquo; failure to seek prior approval of its acquisition
of First Union shares &ldquo;constituted a violation of the requirements of&rdquo; FI Article &sect;3-314. Pursuant to the FI Article,
and in particular &sect; 3-314(e), voting stock acquired in violation of FI Article &sect;3-314 may not be voted for a period of
five years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">31.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>First United intends to comply with the Maryland Commissioner&rsquo;s determination. As evidenced by the May 18, 2020 letter
from Driver&rsquo;s counsel, Driver intends to file litigation against First United unless First United defies the Maryland Commissioner&rsquo;s
rulings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">32.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>There exists an actual controversy of justiciable issues between Defendants and First United within the jurisdiction of
this Court with respect to whether Driver may cast votes for the election of Directors at First United&rsquo;s June 11, 2020 annual
meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">WHEREFORE, Plaintiff First United
hereby seeks a declaration from this Court:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>finding and declaring that Defendants are prohibited from casting votes at the 2020 Meeting;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>finding and declaring that First United is not required to count any votes that Defendants attempt to cast at the 2020 Meeting;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;finding
and declaring that Defendants&rsquo; shares of First United common stock may not be voted for a period of five (5) years; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;awarding
First United its reasonable attorneys&rsquo; fees and costs, and any further relief the Court deems necessary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>COUNT II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DECLARATORY JUDGMENT<BR>
(First United Corporate By-Laws)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">33.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>First United incorporates by reference the allegations in paragraphs 1-32 as if fully set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">34.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Section 4 of Article II of the Bylaws provide that, &ldquo;[n]omination for election of members of the Board of Directors
may be made by the Board of Directors or <I><U>by any stockholder of any outstanding class of capital stock of the Corporation
entitled to vote for the election of Directors</U></I>.&rdquo; (emphasis added).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">35.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>First United has consistently interpreted this section to mean that only a stockholder who is entitled to vote for the election
of directors is entitled to nominate a director candidate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">36.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Despite the clear and unambiguous language of this section of the Bylaws, Defendants have asserted that Section 4 of Article
II of the Bylaws would allow Driver to nominate candidates for the election even if Driver is not a &ldquo;stockholder ... entitled
to vote&rdquo; at the 2020 Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">37.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Driver&rsquo;s construction of First United&rsquo;s Bylaws is nonsensical, and it would have the effect of vesting the power
to vote with a share of stock, not the person who owns the stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">38.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In this instance, because Driver is prohibited from voting for the election of directors as a result of its violations
of FI Article &sect;3-314, Driver is not eligible under Section 4 of Article II of First United&rsquo;s Bylaws to nominate candidates
for election to the Board at the 2020 Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">WHEREFORE, Plaintiff First United hereby seeks a declaration
from this Court:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.55in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>finding and declaring that, pursuant to Section 4 of Article II of the Bylaws, neither the Fund nor any of the other Defendants
is eligible or able to nominate candidates for election to the Board at any meeting of shareholders that is held during the time
period during which such Defendant is prohibited from voting its shares of First United common stock for the election of directors,
including at the 2020 Meeting, because of such Defendant&rsquo;s violations of FI Article &sect;3-314;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.55in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>finding and declaring that First United is not required to permit the Fund or the other Defendants to make any nominations
of director candidates, including making nominations of Defendants Michael J. Driscoll, Lisa Narrell-Mead, or Ethan C. Elzen, at
or with respect to any meeting of shareholders that is held during the time period during which they are prohibited from voting
their respective shares of First United common stock for the election of directors, including at the 2020 Meeting, because of their
violations of FI Article &sect;3-314; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.55in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>awarding First United its reasonable attorneys&rsquo; fees and costs, and any further relief the Court deems necessary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[SIGNATURE APPEARS ON NEXT PAGE]</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; text-align: justify"><FONT STYLE="font-size: 10pt">Date: May 20, 2020</FONT></TD>
    <TD STYLE="width: 85%; text-align: justify"><FONT STYLE="font-size: 10pt"><I><U>/s/ George F. Ritchie</U></I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">George F. Ritchie, CPF #9306230292</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Gordon Feinblatt LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The Garrett Building</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">233 East Redwood Street</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Baltimore, Maryland 21202</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Tel: 410-576-4131</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Fax: 410-576-4269</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: blue"><U>gritchie@gfrlaw.com</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><I>Attorney for Plaintiff First United Corporation</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: right"><B>E-FILED; Garrett Circuit Court</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: right"><B>Docket: 5/20/2020 2:44 PM; Submission:
5/20/2020 2:44 PM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: left"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 29%; padding-top: 2.65pt; padding-bottom: 1.05pt; padding-left: 3.35pt; font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt"><IMG SRC="maryland_logo.jpg" ALT="" STYLE="height: 64px; width: 220px"></FONT></TD>
    <TD STYLE="width: 71%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 59.4pt; text-align: right">OFFICE OF THE COMMISSIONER OF
        FINANCIAL REGULATION <BR>
500 NORTH CALVERT STREET; SUITE 402 <BR>
BALTIMORE, MARYLAND 21202</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 59.4pt; text-align: right">ANTONIO P. SALAZAR, COMMISSIONER</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">May 14, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>VIA ELECTRONIC MAIL</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">J. Abbott R. Cooper, individually and as Managing Member of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Driver Management Company LLC, General Partner of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Driver Opportunity Partners, LP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">c/o Jason R. Scherr, Partner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Morgan, Lewis &amp; Bockius LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><U>jr.scherr@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0"><B>Re: Driver Opportunity Partners, LP - Share acquisition
- First United Corporation - Results of Investigation </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0">Dear Mr. Cooper:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.55in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.55in 0pt 0; text-align: justify">As you are aware, on January
21, 2020, the Enforcement Unit of the Office of the Commissioner of Financial Regulation commenced an investigation into the acquisition,
by Driver Opportunity Partners, LP and certain other individuals (collectively, &ldquo;Driver&rdquo;), of over five percent (5%)
of the shares of voting stock of First United Corporation (&ldquo;Corporation&rdquo;) which owns First United Bank and Trust of
Oakland, Maryland, a Maryland-chartered banking institution. The Corporation and the Bank are subject to supervision by my Office
under Md. Code Ann. Fin. Inst. (&ldquo;FI&rdquo;) Titles 3 and 5. The investigation has been completed and staff has concluded
that there is sufficient evidence to find that Driver&rsquo;s failure to apply for prior approval of the referenced stock purchase
constituted a violation of the requirements of Maryland Annotated Code FI &sect;3-314. Since it appears that a violation of law
has occurred in this instance, I am in consultation with counsel from the Office of the Maryland Attorney General to determine
what, if any, would be appropriate next steps under FI &sect;&sect; 2-115 and 2-116 for our Office to take.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.55in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.55in 0pt 0; text-align: justify">While our Office has discretion
in determining what, if any, of the remedies set forth in FI &sect;&sect; 2-115 and 2-116 may be pursued under these circumstances,
FI &sect;3-314(e) contains a consequence to a violation of FI &sect;3-314 that has been mandated by the General Assembly. Specifically,
pursuant to FI &sect;3-314(e), voting stock that is acquired in violation of the FI &sect;3-314 may not be voted for a period of
five (5) years. Prior approval of the acquisition was not sought, and so, the stock acquisition was not approved by my Office.
In light of the law&rsquo;s voting prohibition and the Corporation&rsquo;s upcoming annual meeting, I am sending a copy of this
letter to the Corporation&rsquo;s counsel for their consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0">Should there be any additional questions, please
do not hesitate to have your counsel contact my counsel, Assistant Attorney General Milena Trust, by e-mail at <FONT STYLE="color: blue"><U>milena.trust@maryland.gov
</U></FONT>or by telephone at (410) 230-6139.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Regards,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Antonio P. Salazar</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Antonio P. Salazar<BR>
Commissioner</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">cc:</TD><TD STYLE="text-align: justify">Jedd Bellman, Assistant Commissioner</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">Dana Allen, Director of Enforcement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">Milena Trust, Assistant Attorney General, Principal
Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">Andrew Bulgin, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: blue"><U>www.labor.maryland.gov/finance/
</U></FONT>| 410-230-6100 | <FONT STYLE="color: blue"><U>www.labor.maryland.gov</U></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">LARRY
HOGAN, GOVERNOR | BOYD K. RUTHERFORD, LT. GOVERNOR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>E-FILED; Garrett Circuit Court</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Docket: 5/20/2020 2:44 PM; Submission:
5/20/2020 2:44 PM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 367.55pt 0pt 2.15pt"><IMG SRC="morgan_logo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 367.55pt 0pt 2.15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jason R. Scherr</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Partner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">+1.202.373.6709</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><U>jr.scherr@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 18, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>VIA E-MAIL (<FONT STYLE="color: blue"><U>abulgin@gfrlaw.com</U></FONT>)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Andrew D. Bulgin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Gordon Feinblatt LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">233 East Redwood Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Baltimore, Maryland 21202-3332</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Re:&#9;<U>DLLR Investigation &ndash; Driver
Opportunity Partners &ndash; First United Corp.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Dear
Mr. Bulgin:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0; text-align: justify">This firm represents J. Abbott
Cooper, Driver Management Company LLC, and Driver Opportunity Partners LP (collectively, &ldquo;Driver&rdquo;) in connection with
the referenced investigation by the Office of the Maryland Commissioner of Financial Regulation (the &ldquo;Commissioner&rdquo;).
Over Driver&rsquo;s objection, the Commissioner copied you on its letter dated May 14, 2020 (&ldquo;May 14 Letter&rdquo;) regarding
the current status of the investigation that you requested on behalf of your client, First United Corporation (&ldquo;First United&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0; text-align: justify">Driver asserts that any action
by First United in contravention of Driver&rsquo;s rights as a shareholder, specifically including its right to vote at the annual
meeting currently scheduled for June 11, 2020 and to nominate directors to be voted upon at that annual meeting, would be contrary
to law. Nonetheless, because the Commissioner&rsquo;s stated rationale for copying you on the May 14 Letter turned on &ldquo;the
law&rsquo;s voting prohibition and [First United]&rsquo;s upcoming annual meeting,&rdquo; Driver must insist that First United
advise it promptly of any intention to take steps inconsistent with recognizing the entirety of Driver&rsquo;s shareholder rights,
including its voting rights with respect to any or all of its shares and its right to nominate directors to be voted upon by First
United&rsquo;s shareholders. Please contact undersigned counsel at your earliest opportunity, and certainly not later than 5:00
p.m. on Wednesday, May 21, 2020, to confirm that First United will not be taking any action in contravention of Driver&rsquo;s
shareholder rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.85in 0pt 0; text-align: justify">In light of the unusual working
environment occasioned by the current pandemic, this communication is being delivered solely in electronic format.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Respectfully,<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>/s/ J.R. Scherr<BR></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I></I></B>Jason R. Scherr</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 22%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Morgan, Lewis &amp; Bockius LLP</B></FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1111 Pennsylvania Avenue, NW</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Washington, DC 20004</FONT></TD>
    <TD ROWSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<IMG SRC="tel_fax.jpg" ALT="" STYLE="height: 28px; width: 12px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+1.202.739.3000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">United States</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+1.202.739.3001</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Scherr, Jason R. &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Sent:</B> Wednesday, May 20, 2020 7:54:37 PM<BR>
<B>To:</B> Bulgin, Andrew D. &lt;abulgin@gfrlaw.com&gt;<BR>
<B>Cc:</B> mac@mbvesq.com &lt;mac@mbvesq.com&gt;<BR>
<B>Subject:</B> [EXTERNAL] RE: FUNC - Driver Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">First, call me J.R.&nbsp; We can dispense with
the formalities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">Second, this will confirm receipt, although
at this point I am not authorized to accept service.&nbsp; That may change, and if it does I will advise George (Ritchie) promptly.&nbsp;
I trust that if I am able to accept service on behalf of out-of-state defendants, your firm would agree that doing so does not
compromise any jurisdictional defenses or otherwise alter the presumptive 60-day response time.&nbsp; Are you in a position to
address that point or shall I direct it to litigation counsel?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jason R. Scherr</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #5C3380"><B>Morgan, Lewis &amp; Bockius LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1111 Pennsylvania Avenue, NW | Washington, DC 20004-2541</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">101 Park Avenue | New York, NY 10178-0060</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DC: +1.202.373.6709 | NY: +1.212.309.6282 | Cell: +1.202.247.5331
| Fax: +1.202.373.6460</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>jr.scherr@morganlewis.com</U> | <U>www.morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Assistant: Crystal Moses | 202.373.6551 | c<U>rystal.moses@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Ritchie, George F. &lt;gritchie@gfrlaw.com&gt;<BR>
<B>Sent:</B> Thursday, May 21, 2020 4:31 PM<BR>
<B>To:</B> Scherr, Jason R. &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Cc:</B> Bulgin, Andrew D. &lt;abulgin@gfrlaw.com&gt;<BR>
<B>Subject:</B> First United Corporation v. Driver Opportunity Partners I, LP et al.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Hi J.R. &ndash;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Just wanted to drop you a note to formally introduce myself.&nbsp;
I look forward to working with you on this matter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We had sent our process servers out yesterday before I saw your
message to Andy.&nbsp; The report I&rsquo;ve received back is that all defendants have been served as of early this afternoon.&nbsp;
Please let me know if you believe that information is not accurate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Feel give me a call if you would like to discuss the case.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Regards,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">George</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">George F. Ritchie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="gordon-feinblatt_logo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Gordon Feinblatt LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">233 East Redwood Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Baltimore, Maryland 21202</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Direct: 410-576-4131</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cell:&nbsp; 443-683-0212</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Fax:&nbsp; 410-576-4269</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><U>gritchie@gfrlaw.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Blue"><U>www.gfrlaw.com</U></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Scherr, Jason R. &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Sent:</B> Thursday, May 21, 2020 5:22 PM<BR>
<B>To:</B> Ritchie, George F. &lt;gritchie@gfrlaw.com&gt;<BR>
<B>Cc:</B> Mac VerStandig &lt;mac@mbvesq.com&gt;<BR>
<B>Subject:</B> [EXTERNAL] RE: First United Corporation v. Driver Opportunity Partners I, LP et al.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Hi George.&nbsp; I appreciate the outreach.&nbsp; Dropping Andy given the potential for him to be a fact witness, but adding Mac
Verstandig who has been representing the director nominees in response to the DLLR investigation.&nbsp; Mac would know better with
respect to the director nominees, but as to the Driver parties, I&rsquo;m not aware that service has been completed.&nbsp; If you
have returns from the servers indicating that they hand-delivered to each defendant (obviously not w/r/t CT Corp.), I&rsquo;d appreciate
you passing them along.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Either way, I had asked Andy to confirm that us agreeing to accept service (if that becomes necessary) would not prejudice any
jurisdictional defenses we might otherwise advance or alter the 60-day response time for defendants served out of state.&nbsp;
At a minimum, that clearly would apply to all of the Driver defendants (even if served through CT).&nbsp; So let me know; thanks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">--J.R.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jason R. Scherr</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #5C3380"><B>Morgan, Lewis &amp; Bockius LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1111 Pennsylvania Avenue, NW | Washington, DC 20004-2541</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">101 Park Avenue | New York, NY 10178-0060</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DC: +1.202.373.6709 | NY: +1.212.309.6282 | Cell: +1.202.247.5331
| Fax: +1.202.373.6460</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>jr.scherr@morganlewis.com</U> | <U>www.morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Assistant: Crystal Moses | 202.373.6551 | <U>crystal.moses@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 309pt 0pt 1.7pt"><IMG SRC="morgan_logo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 309pt 0pt 1.7pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jason R. Scherr</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Partner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">+1.202.373.6709</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><U>jr.scherr@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 26, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>VIA E-MAIL (<FONT STYLE="color: blue"><U>gritchie@gfrlaw.com</U></FONT>)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. George Ritchie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Gordon Feinblatt LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">233 East Redwood Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Baltimore, Maryland 21202-3332</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Re:&nbsp;<U>Driver Opportunity Partners &ndash;
First United Corp.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><BR>
Dear Mr. Ritchie:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This will respond to the letter dated May
20, 2020 from Andy Bulgin, in which he asserts that First United Corporation (&ldquo;First United&rdquo;) does not intend to honor
the voting rights held by Driver Opportunity Partners I, LP (&ldquo;Driver&rdquo;) at the annual shareholder meeting scheduled
for June 11, 2020, or to recognize Driver&rsquo;s nomination of candidates for the Board of Directors. In light of Andy&rsquo;s
central role in the underlying dispute, I am sending this letter only to you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As you know, the Maryland Commissioner
of Financial Regulation (the &ldquo;Maryland Regulator&rdquo;) opened an investigation in late 2019 into Driver&rsquo;s acquisition
of shares in First United, as First United specifically requested. First United now claims to be relying on &ldquo;conclusive findings
of the Maryland Regulator&rdquo; from that investigation to assert that Driver violated Section 3-314 of the Financial Institutions
Code. You should be aware that having completed its review, the Maryland Regulator has not found any violation of Section 3-314,
and has closed the investigation that First United instigated. In its</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Final Order closing the investigation, the Maryland Regulator
makes clear that the premise of First United&rsquo;s position is and has always been false: &ldquo;[N]othing herein shall be construed
to mean, or to authorize any individual or business entity to assert, that the Commissioner has made any conclusive findings or
determination that either Respondents [Driver] or Beneficiaries [director nominees Driscoll, Elzen, and Narrell-Mead] have violated
FI &sect; 3-314.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We trust that First United will refrain
from interfering further with Driver&rsquo;s shareholder rights, and that such restraint will include recognizing Driver&rsquo;s
votes and nominations at the annual meeting, as well as dismissing the complaint filed by First United on May 20, 2020 in the Circuit
Court of Maryland for Garrett County. In light of the positions taken by First United to date, however, we must insist that First
United confirm its intent to honor those rights and finally dispense with its campaign to disenfranchise Driver and other shareholders. Driver reserves all rights, including with respect to proceedings under Md. Rule 1-341.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 22%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Morgan, Lewis &amp; Bockius LLP</B></FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1111 Pennsylvania Avenue, NW</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Washington, DC 20004</FONT></TD>
    <TD ROWSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<IMG SRC="tel_fax.jpg" ALT="" STYLE="height: 28px; width: 12px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+1.202.739.3000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">United States</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+1.202.739.3001</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">George Ritchie<BR>
May 26, 2020<BR>
Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This should not be a complicated issue
for your client, and our time is short. Please reply by close of business tomorrow, Wednesday, May 27, 2020, to confirm that First
United will comply with these expectations. If there are matters that require discussion, I would appreciate hearing from you (or
from First United&rsquo;s litigation counsel, if not at Gordon Feinblatt) before First United races back into court with another
unwarranted filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Respectfully,<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>/s/ J.R. Scherr<BR></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I></I></B>Jason R. Scherr</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Ritchie, George F. &lt;gritchie@gfrlaw.com&gt;<BR>
<B>Sent:</B> Wednesday, May 27, 2020 4:53 PM<BR>
<B>To:</B> Scherr, Jason R. &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Subject:</B> First United Corp. v. Driver et al. - letter to Jason Scherr</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">J.R. &ndash;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">Please see attached.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">George</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">George F. Ritchie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><IMG SRC="gordon-feinblatt_logo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">Gordon Feinblatt LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">233 East Redwood Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">Baltimore, Maryland 21202</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">Direct: 410-576-4131</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">Cell:&nbsp; 443-683-0212</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">Fax:&nbsp; 410-576-4269</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><U>gritchie@gfrlaw.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Blue"><U>www.gfrlaw.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 30%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>GEORGE F. RITCHIE 410.576.4131</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><B><U>gritchie@gfrlaw.com</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; width: 40%; font-size: 10pt; text-align: center"><IMG SRC="g-f_logo.jpg" ALT=""></TD>
    <TD STYLE="vertical-align: bottom; width: 30%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.1in">233 EAST REDWOOD STREET</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.1in">BALTIMORE, MARYLAND 21202-3332</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.1in">410.576.4000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.1in"><U>www.gfrlaw.com</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2in; color: blue">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">May 27, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><B>BY
ELECTRONIC MAIL ONLY<BR>
</B>Jason R. Scherr, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Morgan Lewis</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">1111 Pennsylvania Avenue, NW<BR>
Washington, DC 20004</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="color: Blue"><U>jr.scherr@morganlewis.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: 0.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: 0.35in">Re:&nbsp;<U>Driver Opportunity
Partners &ndash; First United Corporation<BR></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: 0.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Dear
J.R.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0.35in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: 0.35in">By way of response to your
letter to me of May 26, 2020, I refer you to First United Corporation&rsquo;s May 27, 2020 Press Release, which can be found at:
<FONT STYLE="color: blue"><U>https://www.prnewswire.com/news-releases/first-united-clarifies-drivers-misleading-statements-regarding-regulatory-actions-301065917.html</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.85in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; text-indent: 0.35in">Please contact me if you have any questions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">George F. Ritchie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">GFR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Scherr, Jason R. &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Sent:</B> Wednesday, May 27, 2020 5:59:56 PM<BR>
<B>To:</B> Ritchie, George F. &lt;gritchie@gfrlaw.com&gt;<BR>
<B>Subject:</B> [EXTERNAL] RE: First United Corp. v. Driver et al. - letter to Jason Scherr</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">Thanks George.&nbsp; I&rsquo;m afraid this morning&rsquo;s
press release doesn&rsquo;t directly answer the question of what the bank will do between now and the ultimate resolution of the
litigation.&nbsp; Please see attached, and let me know the bank&rsquo;s position.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jason R. Scherr</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #5C3380"><B>Morgan, Lewis &amp; Bockius LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1111 Pennsylvania Avenue, NW | Washington, DC 20004-2541</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">101 Park Avenue | New York, NY 10178-0060</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DC: +1.202.373.6709 | NY: +1.212.309.6282 | Cell: +1.202.247.5331
| Fax: +1.202.373.6460</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>jr.scherr@morganlewis.com</U> | <U>www.morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Assistant: Crystal Moses | 202.373.6551 | <U>crystal.moses@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 309pt 0pt 1.7pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jason R. Scherr</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Partner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">+1.202.373.6709</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><U>jr.scherr@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 27, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>VIA E-MAIL (<FONT STYLE="color: blue"><U>gritchie@gfrlaw.com</U></FONT>)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. George Ritchie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Gordon Feinblatt LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">233 East Redwood Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Baltimore, Maryland 21202-3332</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Re:&nbsp;<U>Driver Opportunity Partners &ndash;
First United Corp.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Dear
Mr. Ritchie:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">I asked you to confirm that First United
would honor Driver&rsquo;s voting rights (and nominations) at the annual meeting, and also dismiss the Garrett County litigation.
In response, you directed me this evening to your client&rsquo;s announcement that it intends to persist with the litigation, but
the press release does not address whether First United intends to honor Driver&rsquo;s shareholder rights at the annual meeting.
We are prepared to let the court address the many infirmities in First United&rsquo;s position in due course, if you proceed, but
at present we need to know whether First United will unilaterally disenfranchise Driver of its shareholder rights on June 11.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Driver has not pushed First United to litigate;
the action First United filed in Garrett County is entirely of First United&rsquo;s making. By letter dated May 18, 2020, Driver
sought assurances that First United would refrain from interfering with its shareholder rights until the Commissioner of Financial
Regulation made a final decision. First United responded on May 20th by filing a complaint in Garrett County Circuit Court (on
the false premise that Driver had threatened in its May 18 letter to sue). First United&rsquo;s substantive position was that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: justify"><B><I>Based on conclusive findings
of the Maryland Regulator</I></B>, First United does not intend to count votes attributable to First United common stock owned
by Driver or any of the Driver Nominees . . . .</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>See </I>attachment, Bulgin letter to
Scherr, May 20, 2020. But the Commissioner made no &ldquo;conclusive findings&rdquo; before or after First United filed its complaint.
On May 14, 2020, with the annual meeting only weeks away, the Commissioner extended First United the courtesy of copying it on
a letter raising the <I>possibility </I>that Driver&rsquo;s voting rights might be impacted by subsequent action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 22%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Morgan, Lewis &amp; Bockius LLP</B></FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1111 Pennsylvania Avenue, NW</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Washington, DC 20004</FONT></TD>
    <TD ROWSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<IMG SRC="tel_fax.jpg" ALT="" STYLE="height: 28px; width: 12px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+1.202.739.3000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">United States</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">+1.202.739.3001</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.35in"></P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
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<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">George Ritchie<BR>
May 27, 2020<BR>
Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The letter says <I>nothing </I>about
a &ldquo;conclusive finding&rdquo; by the Commissioner but refers only to the belief of the Commissioner&rsquo;s staff that
 &ldquo;evidence&rdquo; of a violation existed. The Commissioner went on to explain that he was consulting with the Maryland
Attorney General on what to do next in light of his staff&rsquo;s belief. A week later, in the May 22 Final Order, the
Commissioner decided to end the investigation into Driver with &ldquo;no conclusive findings.&rdquo; The Final Order directly
refutes First United&rsquo;s position. The Commissioner states that, notwithstanding the beliefs of his staff, the
Commissioner &ldquo;<B><I>makes no conclusive findings </I></B>or determination as to whether a violation of FI &sect; 3-314,
in fact, occurred.&rdquo; May 22 Final Order &para; 2. Were there any doubt, the Final Order makes clear:
 &ldquo;<B><I>[N]othing herein shall be construed to mean, or to authorize any individual or business entity to assert, that
the Commissioner has made any conclusive findings </I></B>or determinations that either Respondents or Beneficiaries have
violated FI &sect; 3-314.&rdquo; May 22 Final Order &para;10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">First United is not free to deprive Driver
of its shareholder rights when the appointed state regulator has not found that any state law was, in fact, violated. First United
is not charged with investigatory or executive authority under the FI Article; on the contrary, First United has told the court
that the Commissioner is charged with &ldquo;the interpretation and enforcement of the provisions of the FI Article.&rdquo; (Compl.
 &para; 17.) First United&rsquo;s position that Driver violated FI &sect; 3-314 is just an allegation&mdash;unproved, unsubstantiated,
and untrue:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in">First United sent a letter to the Maryland Commissioner on November 1, 2019
requesting an investigation into Driver, specifically seeking to invalidate Driver&rsquo;s voting rights;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in">The Commissioner&rsquo;s staff conducted an investigation, which the Commissioner
himself closed upon entering a Final Order favorable to Driver;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in">The Commissioner has not made <I>any </I>conclusive findings, let alone conclusive
findings of a violation of FI &sect; 3-314;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in">The Commissioner has not determined that Driver or any of its nominees violated
any Maryland law;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.5in">Notwithstanding the &ldquo;heads up&rdquo; the Commissioner gave the bank
in his May 14 letter, the Commissioner&rsquo;s Final Order expressly warns that no one&mdash;including First United&mdash;should
rely on the staff&rsquo;s investigation as finding a violation of FI &sect; 3-314.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No defendant in the Garrett County action
is due to respond to First United&rsquo;s complaint until on or about July 20, 2020, so the Circuit Court is not going to resolve
First United&rsquo;s claim until substantially later. Even if the Circuit Court could find a violation of FI &sect; 3-314 after
the Commissioner himself closed his investigation without finding a violation, there is no realistic likelihood the Court will
do so before the annual meeting. Accordingly, any action by First United to deny the voting or nomination rights of Driver or any
other shareholder at the annual meeting&mdash; including those shareholders who choose to vote for Driver&rsquo;s nominees&mdash;would
be entirely unilateral, without legal justification, and likely to expose First United to significant liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">George Ritchie<BR>
May 27, 2020<BR>
Page 3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All shareholders are entitled to know whether First United intends
to disenfranchise one (or more) of its shareholders without a lawful order authorizing such action. Driver&rsquo;s fundamental
question remains unanswered:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: justify">Yes or No: Will First United recognize
the voting and nomination rights of all shareholders at the annual meeting&mdash;Driver, its nominees, and every other shareholder
who intends to vote?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Respectfully,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>/s/ J.R. Scherr </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jason R. Scherr</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attachment</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Ritchie, George F. &lt;gritchie@gfrlaw.com&gt;<BR>
<B>Sent:</B> Monday, June 1, 2020 5:50 AM<BR>
<B>To:</B> Scherr, Jason R. &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Cc:</B> Mac VerStandig &lt;mac@mbvesq.com&gt;<BR>
<B>Subject:</B> Driver Opportunity Partners &ndash; First United Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">J.R. &ndash;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Please see attached.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">George F. Ritchie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<IMG SRC="gordon-feinblatt_logo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Gordon Feinblatt LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">233 East Redwood Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Baltimore, Maryland 21202</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Direct: 410-576-4131</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cell:&nbsp; 443-683-0212</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Fax:&nbsp; 410-576-4269</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><U>gritchie@gfrlaw.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Blue"><U>www.gfrlaw.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 26%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 13pt">G</FONT><FONT STYLE="font-size: 10pt">EORGE
        </FONT><FONT STYLE="font-size: 13pt">F. R</FONT><FONT STYLE="font-size: 10pt">ITCHIE</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">410.576.4131</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"><U>gritchie@gfrlaw.com</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; width: 49%; font-size: 10pt; text-align: center"><IMG SRC="g-f_logo.jpg" ALT=""></TD>
    <TD STYLE="vertical-align: bottom; width: 25%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2in">233 EAST REDWOOD STREET BALTIMORE, MARYLAND 21202-3332
        410.576.4000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2in; color: blue"><U>www.gfrlaw.com</U></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">June 1, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><B>BY
ELECTRONIC MAIL ONLY<BR>
</B>Jason R. Scherr, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Morgan Lewis</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">1111 Pennsylvania Avenue, NW<BR>
Washington, DC 20004</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="color: Blue"><U>jr.scherr@morganlewis.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in; color: blue">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">Re:</TD><TD STYLE="text-align: justify"><U>Driver Opportunity Partners &ndash; First United Corporation</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">Dear
J.R.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.85in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.25in; text-align: justify">This
letter responds to yours dated May 27, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.55in 0pt 0.35in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.25in; text-align: justify">To lay some context, it
should be clear that there has been and continues to be a <I>bona fide </I>dispute between First United Corporation (&ldquo;First
United&rdquo; or the &ldquo;Company&rdquo;) and Driver Opportunity Partners I LP and its related entities (collectively, &ldquo;Driver&rdquo;)
concerning the question of whether Driver and its three proposed director candidates violated Section 3-314 of the Financial Institutions
Article of the Annotated Code of Maryland (&ldquo;Section 3-314&rdquo;), the effect of the letters that the Maryland Commissioner
of Financial Regulation (the &ldquo;Maryland Commissioner&rdquo;) sent to Driver and its three director candidates on May 14, 2020,
and the effect of the consent order into which Driver entered with the Maryland Commissioner on May 22, 2020 after First United
filed its declaratory relief action. These disagreements are why First United sought declaratory relief from the Circuit Court
for Garrett County, Maryland (the &ldquo;Court&rdquo;) nearly two weeks ago.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.55in 0pt 0.35in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.25in; text-align: justify">Additionally, First United
disagrees with your contention that the pending action for declaratory relief is &ldquo;entirely of First United&rsquo;s making.&rdquo;
First United filed its declaratory relief action to protect its rights and those of its shareholders after Driver repeatedly threatened
litigation against First United &ndash; in communications with First United representatives and in very public statements issued
by Driver. To offer several examples from the few days following the Maryland Commissioner&rsquo;s May 14 letters:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.65in 0pt 0.35in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Driver&rsquo;s May 15, 2020 press release stated, &ldquo;Driver
intends to vigorously defend its rights in court and will, of course, take all necessary steps to prevent First United from trying
to limit Driver&rsquo;s ability to vote its shares at the Annual Meeting&rdquo;;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.55in 0pt 0.85in; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 41%; padding-top: 2.65pt; padding-bottom: 1.7pt; font-size: 10pt; text-align: left"><IMG SRC="gordon-feinblattblack_logo1.jpg" ALT=""></TD>
    <TD STYLE="width: 59%">
        <P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">Jason Scherr<BR>
 June 1, 2020</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: right">Page 2</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: right">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Driver&rsquo;s May 18, 2020 press release stated that Driver was &ldquo;evaluating all legal claims that Driver may have against
First United, its advisors . . . and others&rdquo; and &ldquo;may commence litigation&rdquo;;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Driver&rsquo;s May 19, 2020 letter to First United&rsquo;s Chief Executive Officer, Carissa Rodeheaver, asserted that First
United&rsquo;s alleged involvement in the Maryland Commissioner&rsquo;s investigation into Driver &ldquo;will be the focus of litigation&rdquo;;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Your May 20, 2020 e-mail to Mr. Bulgin demanded that he communicate First United&rsquo;s position to you promptly by a deadline
of 5PM on May 21, 2020 &ldquo;so that [Driver] may determine whether there is an issue requiring judicial action.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">These antecedents to the filing of First United&rsquo;s
action for declaratory relief make clear that it was in fact Driver that &ldquo;pushed First United to litigate,&rdquo; to use
your terminology.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0; text-indent: 0.5in">This said, First United&rsquo;s
annual meeting will take place in less than two weeks, on June 11, 2020. To ensure that the meeting proceeds in an orderly and
timely fashion, but while recognizing that First United and its shareholders are obligated to comply with and adhere to Section
3-314 and, thus, reserving First United&rsquo;s rights with respect to that statute as set forth below, First United will accept
Driver&rsquo;s nominations as valid when the polls are open and will tally the votes attributable to Driver&rsquo;s shares of stock
that are present and submitted at the meeting; and the Company will ask the Inspector of Elections to certify the election results
according to this tally.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-indent: 0.5in">However, in light of the genuine
disputes between First United and Driver, First United intends to continue to seek the declaratory relief requested in the Garrett
County action. The litigation will progress in a normal fashion, giving both sides a full and fair opportunity to put forward their
evidence and be heard on the merits. Pending the Court&rsquo;s determination, as the prior paragraph makes clear, Driver&rsquo;s
nominations will be accepted and its votes will be counted at the upcoming annual meeting. First United will of course be bound
by and respect any final determination by the courts. If Driver&rsquo;s position prevails, then the annual meeting vote as certified
will stand. If, however, the Court determines that Driver&rsquo;s shares were not eligible to be voted and that Driver therefore
was unable to submit valid director nominations at the annual meeting, then First United intends to take the appropriate actions
to honor the Court&rsquo;s determination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 5.5in">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 5.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 5.5in">/s/ George F. Ritchie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>From:</B> Scherr, Jason R. &lt;jr.scherr@morganlewis.com&gt;<BR>
<B>Sent:</B> Monday, June 1, 2020 10:06 AM<BR>
<B>To:</B> Ritchie, George F. &lt;gritchie@gfrlaw.com&gt;<BR>
<B>Cc:</B> Mac VerStandig &lt;mac@mbvesq.com&gt;<BR>
<B>Subject:</B> [EXTERNAL] RE: Driver Opportunity Partners &ndash; First United Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">Thanks George.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">Could you please let me know whether Gordon
Feinblatt also represents the Board of Directors (or any of the directors individually), or if it/they have separate counsel?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Jason R. Scherr</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #5C3380"><B>Morgan, Lewis &amp; Bockius LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1111 Pennsylvania Avenue, NW | Washington, DC 20004-2541</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">101 Park Avenue | New York, NY 10178-0060</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DC: +1.202.373.6709 | NY: +1.212.309.6282 | Cell: +1.202.247.5331
| Fax: +1.202.373.6460</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>jr.scherr@morganlewis.com</U> | <U>www.morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Assistant: Crystal Moses | 202.373.6551 | <U>crystal.moses@morganlewis.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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